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Latest Articles: Business/Finance

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Possibility of ‘large’ economic shocks in future, Yellen warns
Post Date: 2022-04-29 08:36:34 by Ada
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US Treasury Secretary Janet Yellen urged countries to build in ‘recession remedies’ to protect people. US Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy”. Her address at the Brookings Institution looked at lessons learned from economic downturns of the past and said countries need to build in “recession remedies” to protect people in the United States and globally going forward. With “large negative shocks” inevitable, she said, policymakers have learned ...

Russian Black Sea Oil Exports Double, Are Sanctions Still Working?
Post Date: 2022-04-28 12:46:45 by Ada
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The volume of crude leaving the Black Sea port of Novorossiysk more than doubled but where is it going? By Asia is still snapping up cheap Russian oil that European buyers don’t want. Seaborne exports of the nation’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with most expected to end up in Asia. A total of 40 tankers loaded about 28 million barrels from Russian export terminals, according to vessel-tracking data and port agent reports collated by Bloomberg. That put average seaborne crude flows at 4 million barrels a day, up by 25% against the ...

Due To Inflation, Cost Of Free Speech Rises Sharply To $43 Billion Finance
Post Date: 2022-04-19 09:51:53 by Ada
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AUSTIN, TX—According to the latest reports, inflation has hit a 40-year high affecting the prices of many consumer goods. However, one consumer staple is actually at an all-time high. Speech, which as recently as earlier this year was free, is now valued at $43 billion. “The free exchange of ideas has been under attack, causing massive inflation under the Biden presidency,” explained Joe Squawk of CNBC. “It used to be that people could argue about all kinds of things on Twitter, a bastion of free speech. Then liberals started saying a lot of dumb things, and conservatives started making fun of them. So, the liberals started crying a lot, and the people working at ...

Google's pizza
Post Date: 2022-04-15 09:19:06 by Ada
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- Hello! Gordon's pizza? - No sir it's Google's pizza. - So it's a wrong number? Sorry - No sir, Google bought it. - OK. Take my order, please - Well sir, you want the usual? - The usual? You know me? - According to our caller ID data sheet, in the last 12 times, you ordered pizza with cheeses, sausage, and thick crust. - OK! This is it ... - May I suggest to you this time ricotta, arugula with dry tomato.? - What? I hate vegetables. - Your cholesterol is not good, sir. - How do you know? - We crossed the number of your fixed line with your name, through the subscribers' guide. We have the result of your blood tests for the last 7 years. - Okay, but I do ...

The Babylon Bee Presents: Honest Company Slogans
Post Date: 2022-04-09 10:48:45 by Ada
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False advertising is a stain on the fabric of our society. In order to thoroughly bleach this fabric and make it soft with extra fabric softener, we have assembled honest company slogans that we now demand all businesses to switch to. NO EXCEPTIONS! Nike: Slavery: just do it. Walmart: We clean the bathrooms sometimes! Doritos: Better go ahead and buy two bags, fatty. Applebee's: Eatin' Food In A Place. Subway: Eat…something?! United Airlines: We just said the skies are friendly. We made no promises about what happens inside the plane. Spirit Airlines: You're poor, aren't you? The American Federation Of Teachers: We care. About ourselves. Google: Don't ...

A Pivot to "Patriotic" Corruption
Post Date: 2022-04-06 09:14:22 by Ada
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I promised an article on the pro-Kremlin faction of the oligarchs, but that will have to wait until we get a final head count of who fled and who stayed in Russia. Friends today, enemies tomorrow — such is life in… well just about anywhere nowadays. Instead, we should probably say a few words about corruption, the security services and the way business is done in Russia to set the stage better for when we get into the nitty- gritty of it all soon. Corruption is a buzzword in Eastern Europe in a way that it simply is not in the West. This is because in the West, corruption is legal and understood to be part and parcel of the Liberal Democratic process, whereas in the East, ...

Liberals Outraged To Learn 10% Of Twitter Now Owned By African-American
Post Date: 2022-04-05 10:10:51 by Ada
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SAN FRANCISCO, CA—Liberals at Twitter were outraged this morning upon finding out almost 10% of their company is now owned by an African-American. Several have threatened walk-outs to protest the news. "Elon's foreigner ways aren't welcome here," said Twitter Programming Director Xerxie Vamoosixx, (xe/xir.) "I watched a TikTok video about a Salon article about a tweet from a journalist that said Elon is 'based,' which is another word for transphobic. I have literally not stopped shaking and throwing up on my desk since I found out." Several unnamed sources from within the company expressed worry that the African immigrant will influence the ...

Will Elon Musk erase Twitter's censorious ideological slant?
Post Date: 2022-04-05 09:59:18 by Ada
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On Monday, news broke that Elon Musk, the world's richest man, in one fell swoop also became the single largest stakeholder in Twitter, for he now owns 9.2% of its shares. The big question now is whether he intends to use his position to push for change in a platform that has become a toxic echo chamber for "woke" ideas and cancel culture, even as it relentlessly silences opposing views. If I had to describe Musk, I'd call him an eccentric libertarian who is, nevertheless, just a little suspect in that role, given his commitment to alternative energy and climate change principles. He's also an outspoken visionary and genius. Perhaps most importantly, unlike so many ...

Disco Inferno: Fed Official Finally Warns of Housing Bubble
Post Date: 2022-04-03 09:29:10 by Ada
2 Comments
The ride is over. Big time. This is only a local fed branch, but someone said it, so now it is out there in the public. RT: The Federal Reserve Bank’s Dallas branch has warned of a “brewing US housing bubble,” saying that prices have surged beyond levels justified by market fundamentals, creating risk of a market collapse. “There is growing concern that US house prices are again becoming unhinged from fundamentals,” Fed economists said in a research report posted earlier this week. “Our evidence points to abnormal US housing market behavior for the first time since the boom of the early 2000s,” they added. That boom preceded a market bust, ...

The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead
Post Date: 2022-04-01 19:22:20 by BTP Holdings
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The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead April 3, 2019 10:31 pm by IWB BY SRSROCCO By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. While the central banks label these balance sheet items as “Assets,” they are nothing more than glorified Paper IOU’s. And these trillions of dollars worth of paper IOU’s can only get their value from the burning of energy… a critical factor overlooked by mainstream financial ...

Biden Wants To Tax Income That You Don’t Have
Post Date: 2022-04-01 06:39:24 by Ada
1 Comments
The White House Moron wants to tax unrealized capital gains, and some neoliberal economists think it is a good idea. Let’s take a look and see what we think. A capital gain is an increase in the price of something since you purchased it. It could be a stock, a bond, a house, artwork, gold, silver, anything for which there is a market. An unrealized capital gain is a paper gain based on the day’s price. It is not income and it is not wealth until it is realized. You realize it by selling the item, thereby having the money in your possession. An unrealized capital gain is a potential possession. So what does it mean to tax income you have not received? Suppose you purchase ...

Total Collapse: India Says They’re Going to Get Rich Off Russian Sanctions While the West Starves
Post Date: 2022-03-29 07:24:51 by Ada
6 Comments
Does the US have any understanding of what is going on? I think these people are stupid. They are sitting around saying, “hahaha, we are Great Resetting them good now!” without comprehending the implications. RT: A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia is effectively blocked from using US currency due to Western sanctions over the conflict in Ukraine. According to the official, the Indian ...

Russia sets fixed gold price as it restarts official bullion purchases (Russian Ruble is now backed by Gold)
Post Date: 2022-03-28 22:41:41 by Pinguinite
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Russia's central bank resumed its gold purchases from local banks on Monday, but it set a fixed price on the precious metal. Starting this week, the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, the bank said on Friday. This is below the current market value of around $68. The central bank added that the resumption in buying will ensure supply and uninterrupted production of local gold. Two weeks ago, Russia's central bank announced that it was halting its official gold purchases from local banks due to a surge in demand from regular consumers. This is because Russians went on a gold buying spree in March to protect ...

Student loan forgiveness proves Democrats are the party of the rich
Post Date: 2022-03-27 12:15:00 by Ada
1 Comments
As Democrats go all-out to woo affluent, college-educated suburbanites, President Biden is being pushed to extend the freeze on student-loan payments. But those with the highest college debt tend to be the nation's highest earners. As Democrats go all-out to woo affluent, college-educated suburbanites, President Biden is being pushed to extend the freeze on student-loan payments. But those with the highest college debt tend to be the nation's highest earners. NY Post photo composite More On: student loans If you want an indication of how completely the Democrats have been transformed from the workingmen’s party to the party of affluent professionals, consider how intensely ...

Washington’s Sanctions War – A Futile Attempt To Control the World Economy
Post Date: 2022-03-22 09:11:27 by Ada
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Republicans are a pretty pathetic lot. They are always yapping about the socialist dangers posed by the Dem spenders, but actually wouldn’t recognize actual socialism if it whacked them across the forehead. That is to say, in recent days they have been hooping and hollering in favor of Washington’s Sanctions War on Russia, but that’s about as pure a case of socialism as can be imagined. In essence, economic sanctions assume that the state is entitled to expropriate and destroy economic value owned by any business which had been doing good faith trading or financial transactions with sanctioned Russian entities. Sure the big cap Fortune 500 and Silicon Valley giants can ...

Putin Reappoints Russian Central Bank Chief Who Handed Over Russia’s Reserves to Russia’s Enemies
Post Date: 2022-03-19 08:07:33 by Ada
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According to the Wall Street Journal, today President Putin has nominated for a third term Elvira Nabiullina as chief of the Russian central bank: “Ms. Nabiullina’s reappointment solidifies her role as one of Russia’s top economic generals, tasked with keeping the country’s financial system functioning and commerce flowing while fighting rages in Ukraine. Her current term is due to end in June. She is expected to speak later Friday. “’The president has repeatedly praised the results of the work of Nabiullina and the central bank as a whole. And we see how logical it was to introduce her candidacy for another term,’ Kremlin spokesman Dmitry Peskov ...

Fed raises interest rates for the first time since 2018
Post Date: 2022-03-16 14:21:35 by Ada
4 Comments
The Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, as high inflation pushes the central bank to pull back on its extraordinary pandemic-era support. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The Fed also noted that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. Stay ahead of the market By notching up rates, the Fed kicks off a process of raising borrowing costs in the hopes of quelling the demand that may be pushing prices higher. Projections released by the policy-setting Federal Open Market Committee signal the ...

Bloomberg Informs Dumb Retards That Saudi Selling Oil in Yuan Is No Big Deal
Post Date: 2022-03-16 10:28:19 by Ada
1 Comments
This is the top story when you look for what the mainstream media is saying about reports that Saudi Arabia is considering selling oil to China in yuan – from the financial geniuses at Bloomberg: Click for Full Text!

Petrodollar COLLAPSING as Saudi Arabia Turns to Post Globalist World!!!
Post Date: 2022-03-15 22:05:37 by BTP Holdings
1 Comments
Are we witnessing nothing less than the death of the petrodollar? With Saudi Arabia potentially adopting Chinese currency, that’s exactly what a number of analysts are saying. In this video, we’re going to get a big picture of the fallout from what’s going on in Ukraine, we’re going to see what the potential for de-dollarization really is, and stick with me to the very end of this video when I’ll show why, no matter what happens, the old liberal globalist world has indeed come to a final and decisive end; you are NOT going to want to miss this!

10 Signs the War in Ukraine is part of the Great Reset
Post Date: 2022-03-15 11:14:30 by Ada
3 Comments
Welcome to the second phase of the Great Reset: war. While the pandemic acclimatised the world to lockdowns, normalised the acceptance of experimental medications, precipitated the greatest transfer of wealth to corporations by decimating SMEs and adjusted the muscle memory of workforce operations in preparation for a cybernetic future, an additional vector was required to accelerate the economic collapse before nations can ‘Build Back Better.’ I present below several ways in which the current conflict between Russia and Ukraine is the next catalyst for the World Economic Forum’s Great Reset agenda, facilitated by an interconnected web of global stakeholders and a diffuse ...

Amish Man Smiles Smugly As He Rides By Gas Station With $6 Prices U.S.
Post Date: 2022-03-10 17:52:19 by Ada
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SMICKSBURG, PA—Local Amish patriarch Ezekiel Yoder was seen smiling smugly as he rode his market wagon by an outsider's gas station where the cost per gallon broke six dollars a gallon. He calmed his horse and observed the chaos at the pump. People were ripping each other apart to throw away their money on high-priced fuel. Thank Gotte he was not like them! Yoder cried out to those embroiled in the chaos. "Blowing at the smoke doesn’t help if the chimney is plugged!" he said, snorting divinely. "Ah, it's gut to be blessed, Baalam," he said to his horse. Witnesses at the gas station were deeply offended that a kind-hearted Amish man could be so ...

U.S. Wants Venezuelan Oil In Exchange For Sanction Relief
Post Date: 2022-03-09 16:19:50 by Ada
1 Comments
The United States wants Venezuela to commit at least part of its oil exports to U.S. refineries as a condition for Washington to consider providing sanction relief to the South American nation, Reuters has reported, citing unnamed sources in the know. The report comes days after the U.S. sent a delegation to Caracas to reportedly seek support for its sanctions against Russia in a bid to increase Russia's isolation, including from friendly countries such as Venezuela. The subject of the talks that the two sides held in Caracas was not disclosed, but it was reported that they did not end with an agreement of any kind. Seeing as the U.S. has been planning a ban on Russian oil imports ...

Now Courted By Biden, Socialist Strongman Maduro Hails "Cordial" US Talks For Oil Supplies
Post Date: 2022-03-08 18:16:41 by Ada
1 Comments
Socialist strongman Nicolás Maduro of Venezuela has hailed ongoing "cordial" talks with the team dispatched by Biden to Caracas on Monday as the White House is desperate to tap new supplies of oil. Maduro, once targeted by US regime change efforts - particularly during the Trump administration - is now apparently being courted by Washington, as the White House is signaling it could drop the oil embargo on the major OPEC Latin American nation. "We have agreed to work on an agenda going forward, issues of interest," Maduro said. “It seemed to me very important to be able, face to face, discuss issues of maximum interest to Venezuela and the world. And I ...

Gold Soars To $2,063, Just One Cent Away From New All Time High
Post Date: 2022-03-08 18:11:28 by X-15
3 Comments
With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls, the real gold has no such qualms and after flatlining for much of the past 18 months, has broken out solidly to the upside, and just today spike more than 3%, rising to session high of $2,063.53 Why $2,063.53? Because $2,063.54 was the closing high on August 6, 2020 when gold hit an all time high in the aftermath of the Fed's money debasement frenzy when the Fed's balance sheet exploded by hundreds of billions weekly. But while technical selling may have emerged at this key resistance level, we ...

Ford Shares Pop On Company's Plans To Separate Its ICE (Real Car) And EV (Toy) Segments
Post Date: 2022-03-02 15:37:10 by Esso
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It may not be the spin-off that Wall Street was hoping for, but Ford is slated to announce that it is going to undergo a re-organization wherein it will separate its internal combustion engine (ICE) segments and its EV segments. Ford shares are up about 4% heading into the open on Wednesday. The move is to help "fast track" the company's growth in EVs, the company said on Wednesday. The divisions will have separate names, but will both be part of Ford, according to Reuters. Ford is planning on naming executives t0 lead each portion of the business individually, the report says. Eventually, the company will separate financial results for the two businesses. Ford spokesman ...

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