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Latest Articles: Business/Finance
The United States of Insolvency
Post Date: 2016-04-21 20:24:07 by BTP Holdings
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The United States of Insolvency By James Grant This much I have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem. We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much. We conjure dollar bills by the trillions — right out of thin air. I won’t insist that this can’t go on, because it has. I only say that it will eventually stop. I don’t know the date, but I believe that I know the reason. It will stop when the world loses confidence in the dollars we owe. Come that moment of truth, the nation will resemble ...
Russian production costs are some of the lowest in the world
Post Date: 2016-04-20 05:05:22 by Tatarewicz
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True Economics There has been much confusion in recent months as to the 'break-even' price of oil for Russian and other producers. In particular, some analysts have, in the past, claimed that Russian production is bust at oil prices below USD40pb, USD30pb and so on. This ignores the effects of Ruble valuations on oil production costs. Devalued Ruble results in lower U.S. Dollar break-even pricing of oil production for Russian producers. It also ignores the capital cost of production (which is not only denominated in Rubles, with exception of smaller share of Dollar and Euro-denominated debt, but is also partially offset by the cross-holdings of Russian corporate debt by ...
Prepare Now for When the New MyRA Becomes "TheirRA"
Post Date: 2016-04-19 19:07:33 by BTP Holdings
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Prepare Now for When the New MyRA Becomes "TheirRA" By Peter Krauth, Resource Specialist, Money Morning • February 10, 2014 In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal… but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare for now… What MyRA Really Means Like most government programs, getting to their essence can take some ...
45% of Americans pay no federal income tax
Post Date: 2016-04-18 10:22:54 by Ada
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77.5 million households do not pay federal individual income tax Many Americans don’t have to worry about giving Uncle Sam part of their hard- earned cash for their income taxes this year. An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.) Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton ...
The Subtle Lunacy of Raised Expectations
Post Date: 2016-04-17 12:39:16 by BTP Holdings
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The Subtle Lunacy of Raised Expectations By Michael E. Lewitt, Global Credit Strategist, Money Morning • April 17, 2016 I cannot remember another time when the gap between reality and the things that are written to describe it was as wide as it is today. While this is always the case in the political realm, where the government lies to its citizens, it also pertains to the investment landscape. While a minority of strategists keep warning that the epic build-up of global debt is going to lead to crisis, the mainstream media and Wall Street continue to chirp about "the return of the consumer" and "sustainable economic growth." But saying so doesn't make it so ...
The Only Solution to Negative Rates
Post Date: 2016-04-16 22:19:27 by BTP Holdings
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The Only Solution to Negative Rates Boris Schlossberg | Wednesday, April 13, 2016 at 4:30 pm More than $7 trillion of sovereign bonds and notes are in issue at less than their face value. That means if you buy a German, Japanese or Swiss bond (some as far out as 10 years), you will actually receive less than you paid for it. Never mind interest payments. You won’t ever collect any of those. For bond investors, who at the very minimum are used to just getting their money back, today’s markets are a bewildering experience that frankly looks like confiscatory finance. But such are the times we live in, where the world’s central banks have been driven to zero and below as ...
Plus Plus Plus
Post Date: 2016-04-16 12:37:49 by BTP Holdings
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Plus Plus Plus By Mogambo Guru David Stockman Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day-in, day-out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm caused, pausing for breath, by the completely insane overproduction of cash and credit by the (you guessed it!) evil Federal Reserve, and then winding up, as we see, with both. At least back in those olden, golden days, a modicum of blessed comfort was once provided by having gold, silver, and sheer firepower at hand, backed up by 911 on the phone. Except this is a ...
CHINA SAYS "NO DOLLARS" FOR NEW GOLD-BACKED YUAN
Post Date: 2016-04-15 05:23:10 by Tatarewicz
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PravdaMainForum... “In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19.When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies used for Global Reserves and International Trade, they wanted China to make the Yuan more reliable as a currency. Since then, China has almost un-pegged its Yuan from the Dollar, allowing its value to fluctuate on world markets. But for years, China has been amassing huge amounts of gold bullion; some have said their appetite for bullion has been ...
Ukraine's American Finance Minister to Buy Its Largest Telecom Company
Post Date: 2016-04-15 02:50:59 by Tatarewicz
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RI... Jaresko on track to join the ranks of Ukraine oligarchs This is just about as insane and open of an inside look, as to how US empire operators grab the spoils of their interventions that result in turmoil, that you are ever likely to get. As is clear, the US played an important role in the Ukrainian revolution as revealed by the release of a recording of a phone call between Assistant US Secretary of State Victoria Nuland and US Ambassador to the Ukraine Geoffrey Pyatt (SEE: An Important Second Listen to the "F--k the EU" Ukraine Recording). But, Nuland isn't the only US State Department official playing a major role in Ukraine. A US citizen, the Elmhurst, ...
Oil Prices Rise Highest as Russia, Saudi Arabia Align Output Freeze
Post Date: 2016-04-13 04:36:17 by Tatarewicz
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Sputnik... Oil prices rose to the highest values since November on Tuesday, increasing to over $44 per barrel following news of consensus between Moscow and Riyadh on freezing output. MOSCOW (Sputnik) — Brent crude ICE futures were over 4 percent in the green, continuing a week-long rally and rising from around $43.30 on Tuesday morning to over $44.70 by late afternoon. Saudi second deputy Prime Minister Mugren bin Abdulaziz (C-R) and unidentified Emirs perform during the traditional Saudi dancing best known as 'Arda' which performed during the Janadriya culture festival at Der'iya in Riyadh © AFP 2016/ POOL/FAYEZ NURELDINE Wishful Thinking: Why Saudi Arabia's Bid ...
IMF View of the Global Economy: Not a Pretty Picture
Post Date: 2016-04-12 22:13:09 by BTP Holdings
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IMF View of the Global Economy: Not a Pretty Picture Mike Larson | Tuesday, April 12, 2016 at 4:30 pm The International Monetary Fund (IMF) is taking the scalpel to its global growth forecast. Again. The international forecasting, advisory and lending group now expects the world economy to grow just 3.2% this year. That’s 0.2 percentage points less than it forecast in January. If you feel like you’ve seen this movie before, that’s because you have. This is the IMF’s fourth straight outlook cut in the past year. Regionally, the IMF cut its forecast for U.S. growth by 0.2 points to 2.4%. It lowered its outlook for the eurozone by 0.2 points to 1.5%. It slashed its ...
13 Steps to Restore American Prosperity (Part I)
Post Date: 2016-04-12 22:06:22 by BTP Holdings
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13 Steps to Restore American Prosperity (Part I) By David Stockman When history gets into a deep rut it becomes hard to alter the course of affairs. But even at this late date, sundown in America could be avoided. The Fed’s financial repression and Wall Street-coddling policies could be pronounced a failure and abandoned. Crony capitalism could be put out of business by constitutional writ. The corpulent warfare and welfare states could be put into a constitutional chastity belt. The rule of no spending without equal taxation could be made the modus operandi of a shrunken state. Eventually, the free market could regain its vigor and capacity for wealth creation. Under a ...
A Jim Rickards’ Breakthrough: My #1 Way To Prepare and Potentially Profit From The Next Major “Surprise” Currency Move
Post Date: 2016-04-12 21:44:55 by BTP Holdings
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Hi, Jim Rickards here. And I'll tell you the same thing I've just told my closest friends and confidants... Another surprise attack against the U.S. dollar is coming. And soon, too. This attack won't be from China, Russia, or any other adversary. Instead, this one will hurt the worst -- coming from a supposed sworn "ally" of America. Most Americans will be completely caught of guard, forced to suffer from the fallout. But those who pay attention to my proprietary IMPACT trading strategy could be in line to make a huge amount of money in a very short amount of time. If you don’t know… IMPACT is a new proprietary strategy I've created to give you ...
Trans-Atlantic & Trans-Pacific “Partnerships” Complete Corporate World Takeover
Post Date: 2016-04-12 10:31:43 by Ada
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As I have emphasized since these “partnerships” were first announced, their purpose is to give corporations immunity from the laws in the countries in which they do business. The principle mechanism of this immunity is the granting of the right to corporations to sue governments and agencies of governments that have laws or regulations that impinge on corporate profits. For example, France’s prohibitions of GMO foods are, under the “partnerships,” “restraints on trade that impinge on corporate profits. The “partnerships” set up “tribunals” staffed by corporations that are outside the court systems of the sovereign governments. It is in ...
Instant Expert: How Costco takes aim at your wallet
Post Date: 2016-04-11 01:37:30 by Tatarewicz
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CBC-Yahoo... Take a store that never advertises, has no signs in its aisles to direct you, doesn't bag what you purchase and charges you a fee just to walk in the door … and you've got Costco. This American company has been around since 1976. The warehouse store on Stavanger Drive in St. John's has been here for more than 20 years. Why would you want to go there? My, oh my, but people want to go there. According to Costco's 2015 annual report, there are 44.6 million members worldwide. I'm told that on average each location has 65,000 members, and that there are 5.9 million members in Canada or about 11.5 million cardholders. That is one third of Canada's ...
4 Signs The U.S. Dollar Peaked In January
Post Date: 2016-04-10 15:45:04 by BTP Holdings
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4 Signs The U.S. Dollar Peaked In January Dollar Time Running Out Human nature makes most people believe that unsustainable situations can last forever. One of those has been the meteoric rise of the US Dollar, especially over the past year. The dollar became the world’s strongest currency again in 2015, towering over oil prices, gold prices and just about every other currency on the planet. However, Simon Black at SovereignMan.com has seen four signs that the dollar may have peaked earlier this year: “… it appears that this dollar bubble may have start to burst, or at least peaked in January. I’ve noticed four clear signs that indicate this. “[1] Over the last ...
How To Become A Banker - With NO Money
Post Date: 2016-04-10 13:44:30 by BTP Holdings
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Have you ever imagined what it would feel like to be the man people came to for money? You could be a private banker, right in your home town. Join us on a private conference call Tuesday at 3PM EST to learn more. Click here for dial in info. links.absoluterights.com/a/111/click/970933/19408849/05768145dfef03b7b7fda091a8e3cd42ad202228/b1fa22f44f92f300cbf62cbf0d4bf4cfa9013437 Did you you know bankers NEVER loan their money but they make points (commissions) loaning (OPM) or other peoples money? Would $1000 for just taking a loan application be enough to get you interested in our World? Remember, you never have to sell money. Brokering other peoples money for $1000-$5000 an application ...
China announces anti-dumping duties on imported paper products
Post Date: 2016-04-10 01:01:25 by Tatarewicz
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BEIJING, April 9 (Xinhua) -- China's Ministry of Commerce announced on Saturday that it will impose anti-dumping duties on unbleached bag paper imported from the United States, the European Union and Japan. The duties will last for five years, starting from Sunday, the ministry said. According to the ministry's final ruling, companies from the above-mentioned regions have dumped unbleached bag paper on the Chinese market and such imports have caused substantial damage to the domestic industry. Anti-dumping duty rates for U.S. imports is set at 14.9 percent, those for European Union imports range from 23.5 to 29 percent, and Japanese companies are subject to a 20.5-percent rate, ...
Days After Iceland's PM Resigns Over "Panama Papers", Its Bankers Are Released From Jail Years Early
Post Date: 2016-04-09 00:04:12 by Tatarewicz
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PravdaMainForum... Over the weekend, just hours before the Panama Papers were released, we wrote a post that took "A Look Inside Iceland's Kviabryggja Prison: The One Place Where Criminal Bankers Face Consequences." And then, minutes later, the Panama Papers were disclosed by the ICIJ, which had a clear target: to "expose" the "circle of friends close to Putin", and of course, to reveal the dirty laundry of the Iceland Prime Minister, who resigned just two days after his shady offshore tax dealing were revealed to the world. There was some "conspiratorial" speculation whether the explicit hit on ex-PM Sigmundur David Gunnlaugsson was precisely ...
Fed’s Yellen Sees No Bubbles … But I’ve Seen Them All Over
Post Date: 2016-04-08 21:09:15 by BTP Holdings
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Fed’s Yellen Sees No Bubbles … But I’ve Seen Them All Over Mike Larson | Friday, April 8, 2016 at 4:30 pm Last night was a monumental one, at least for those of us students of monetary policy. Current Federal Reserve Chairman Janet Yellen joined former Chairmen Ben Bernanke, Alan Greenspan and Paul Volcker at a panel discussion in New York. It was held at the International House (with Greenspan chiming in via video connection), the first such gathering since the celebration in 2013 of the Fed’s founding 100 years earlier. There was the usual happy talk about unemployment, long-term growth, and the Fed’s plan to only raise rates gradually. That’s the same ...
Panama Papers: There’s a Purpose to Every Leak
Post Date: 2016-04-06 02:53:06 by Tatarewicz
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RI... The other day the leading Munich daily 'Süddeutsche Zeitung (SZ)' published a “sensational” article titled: “Panama Papers: The secrets of dirty money”. The on-line version is presented in the best traditions of the yellow press. . The article begins like a fairy tale: “Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) with encrypted documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world”. The mysterious messenger delivered megatons of compromising information while seeking no financial compensation. He simply “wanted to make these crimes ...
The Big Short - Trailer
Post Date: 2016-04-06 01:14:53 by Pinguinite
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I watched this movie last night. I wasn't sure I'd actually do more than see the beginning but it grabs you. It goes beyond outlining the collapse of the housing market in 07-08 by illustrating the complete failure of the PTB's to do the right thing in preventing it. From the big banks having monopolizing control, the SEC with compromised personnel, self-serving fund managers, real estate agents rewarded more for selling sub-prime mortgages and even the ratings agencies all had a financial motive not only to look the other way in the years leading up to the crash, but even continue to do so as the crash was unfolding. Most ominous is the final note of the movie that the same ...
“How YOU Can Legally ‘Tax-Back’ The U.S. Government” What is Zachary Scheidt pitching as "The Single Best Income Opportunity For 2016?"
Post Date: 2016-04-05 21:38:19 by Tatarewicz
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The new teaser ad is from Zachary Scheidt, who’s telling us that we can “tax back” the government and earn huge returns… all we have to do is subscribe to his Lifetime Income Report to learn the secrets. As those who have seen some of the previous ads for this newsletter know, it’s almost certainly not that simple to “claim your tax back check” by April 22 — but it’s probably not an outright lie, either, Agora’s lawyers are pretty good at making sure there’s a germ of truth in the marketing hype. Just refer back to the highly misleading “Piggyback on Canadian Social Security” ad that we wrote about last year if you want an ...
The Fed 'is a god that has failed': George Gilder
Post Date: 2016-04-05 10:02:29 by Ada
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The "economy is rigged," says futurist George Gilder. Here's what he thinks needs to happen to break the cycle. Why does Wall Street keep recovering after recessions but the economy seemingly never does? The reason, as I document in my book, "The Scandal of Money: Why Wall Street Recovers but the Economy Never Does" is that Washington and the Federal Reserve together have created a closed loop economy where the Fed creates money for the government and the S&P 500 and Main Street is left out. The Fed decides what money is worth and who receives it and how much. The Fed prices it at zero interest rates, allegedly to stimulate economic growth. But whenever ...
Right on Cue, Auto Sales Tank; Here’s What to Watch for Next …
Post Date: 2016-04-04 21:24:05 by BTP Holdings
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Right on Cue, Auto Sales Tank; Here’s What to Watch for Next … Mike Larson | Monday, April 4, 2016 at 4:20 pm The market’s focus on Friday was squarely on jobs. Investors apparently decided the employment situation was good enough that stocks should be bought, and the Dow edged ever closer to 18,000. But is there something ELSE investors like you should be paying attention to? I think so. I’m talking about fading auto sales! Frankly, the March numbers stunk up the joint. The seasonally adjusted annual rate of sales ended up coming in at 16.6 million. That missed the average forecast of 17.3 million by a country mile. It also represented a 3.1% drop from March and a ...
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