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Latest Articles: Business/Finance
David Stockman: The Real Risk of 'Global Deflation'
Post Date: 2016-03-25 14:22:50 by BTP Holdings
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David Stockman: The Real Risk of 'Global Deflation' Image: David Stockman: The Real Risk of 'Global Deflation' By Newsmax Wires | Thursday, 24 Mar 2016 07:24 AM Reagan Budget Director and Newsmax Finance Insider David Stockman warns that the Federal Reserve’s policy tactics have bushed the U.S. stock market to the brink of disaster. "As soon as the markets realize that the Fed and the ECB are out of ammunition, it's over," Stockman recently told CNBC. "I think we're in an extremely unsafe world — we've never been here before," he said. "Global deflation is going to turn into a recession worldwide," said Stockman. ...
Saudis Abandon Oil
Post Date: 2016-03-25 12:46:55 by BTP Holdings
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Saudi Arabia is well known for its oil production. But it's recently been shying away from it for its own energy needs. And it's all thanks to this unique type of fuel, which is quickly but quietly being adopted worldwide. Saudi oil minister Ali Al-Naimi has even gone so far as to say: "In Saudi Arabia, we recognise that... we’re not going to need fossil fuels. So we have embarked on a program to develop [a new type of fuel]. Hopefully, one of these days, instead of exporting fossil fuels, we will be exporting [this new] power." The fuel is so economic, so clean, and so powerful... 120 countries are adopting it to fuel their futures. The Saudis, China, India, ...
'Rich Dad' Author: My Prediction of Market Collapse Is Coming True
Post Date: 2016-03-25 11:54:27 by BTP Holdings
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'Rich Dad' Author: My Prediction of Market Collapse Is Coming True Image: 'Rich Dad' Author: My Prediction of Market Collapse Is Coming True Robert Kiyosaki, author of 'Rich Dad, Poor Dad' By R Williams | Thursday, 24 Mar 2016 11:49 AM Robert Kiyosaki, author of the best-selling “Rich Dad, Poor Dad” series of personal finance books, says his prediction for a market meltdown is now coming true. He told MarketWatch that the meltdown described in his 2002 book “Rich Dad’s Prophecy” is now underway, and investors need to be prepared by buying gold and silver. The triggers for the collapse include a wave of selling by 76 million retiring baby ...
Where’s the Bottom? Here’s a ‘Magic Number’ Worth Watching
Post Date: 2016-03-24 07:05:17 by BTP Holdings
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Where’s the Bottom? Here’s a ‘Magic Number’ Worth Watching The most frequently asked question right now is…”Where’s the bottom?” Anyone looking for the bottom might want to pay some attention to a thing called the Gold/Silver Ratio (GSR). Simply put, this ‘magic number’ is just the number of ounces of silver it takes to buy one ounce of gold. Over the past 20 years, the GSR has been a pretty steady indicator of a turn in the market. Consider the following chart depicting the gold to silver ratio over the past 20 years. GoldSilver Ratio Updated F In the past 2 decades, gold was over 80 times more expensive than silver only three times. ...
Pakistan to ditch dollar in trade with Iran
Post Date: 2016-03-24 02:33:41 by Tatarewicz
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PressTV... The State Bank of Pakistan (SBP) says it is preparing a to use euros instead of dollars in trade with Iran. The State Bank of Pakistan (SBP) says it is preparing a to use euros instead of dollars in trade with Iran. Pakistan’s media reported on Thursday that the country is preparing to ditch the dollar and use euros in trade with Iran. The Express Tribune has quoted an the State Bank of Pakistan (SBP) as announcing in a statement that a plan has been prepared to enable Pakistani businessmen to open letters of credit (L/Cs) for imports from Iran in euros instead of dollars. The policy has been devised because some US sanctions are still in place that could obstruct ...
Uber offers bounty to hackers finding bugs in its system
Post Date: 2016-03-23 01:16:43 by Tatarewicz
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SAN FRANCISCO, March 22 (Xinhua) -- Uber, the car hailing service, is offering a reward of up to 10,000 U.S. dollars to hackers who are able to spot possible bugs in its computer system. The San Francisco-based technology company said it launched a private, beta bug bounty program last year for more than 200 security researchers, who in turn found nearly 100 bugs. As the bugs were fixed, helping Uber to improve security, the company decided to kick off the "official bug bounty program," or loyalty reward program, to encourage members of the security community to dig deep. The 10,000 dollars payout will be for somebody finding "critical issues." On its website, Uber ...
Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Post Date: 2016-03-21 12:34:17 by HAPPY2BME-4UM
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Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’ By Voice of Reason · Monday, March 21st, In the article below by CNN Money, it says that Americans are becoming fearful of a future with a ’Dead-End Economy, Crap Jobs, and Awful Wages, and they have every reason in the world to think that way, because they'll be lucky if it's that good. The economy is a disaster, and what little the Fed could do to prop it up a bit by easing interest rates back to where they were in December, it can’t do because the Fed has become so highly politicized, and dropping rates woud go against the Obama narrative. Obama has made it clear ...
Anticipating the Coming 550% Gold Gains
Post Date: 2016-03-19 21:20:15 by BTP Holdings
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Anticipating the Coming 550% Gold Gains By Gerardo Del Real | Saturday, March 19, 2016 To the surprise of absolutely no one, Federal Reserve Chair Janet Yellen kept rates unchanged... but did signal that instead of the four rate hikes planned for 2016, there would be perhaps two more this year. The combination of dovish monetary policy from the European Central Bank (ECB) and the Bank of Japan (BoJ) combined with meager wage growth here in the U.S. is forcing the Fed to tread carefully. Gold reacted positively on the news and was up a strong 2.8% on Wednesday at $1,266 per ounce. Gold is now up 20% for the year. Silver moved as well — a robust 5% since the announcement — and ...
The Federal government is using SIX advanced CIA techniques to hide America's true financial condition.
Post Date: 2016-03-19 10:19:32 by BTP Holdings
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Robert Williams: Hi there. I’m Robert Williams, the Founder and Publisher of Wall Street Daily. I’d like to thank you for joining me for this exclusive event with bestselling author, global asset manager, and world renowned financial expert Peter Schiff. Robert Williams Even if you think you don’t know Peter’s work, odds are that you do. Peter’s brilliantly timed 2006 trade against the housing market inspired the book – and the academy award-nominated movie – The Big Short. But now, a decade after Peter first predicted the Subprime Mortgage Meltdown, he’s issuing an even more serious warning. The warning concerns a Category-5 hurricane ready to ...
Funny Money Is Death to Income Investors
Post Date: 2016-03-18 23:48:18 by BTP Holdings
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Funny Money Is Death to Income Investors Published Tue, Mar 15, 2016 | Martin Hutchinson, Global Markets Analyst Income investors have now suffered for nearly a decade under a regime of near-zero interest rates. Last week, European Central Bank President Mario Draghi intensified his version of this policy by lowering the ECB base rate to minus 0.4% and announcing a system of loans to banks at negative interest rates. For income investors, this is yet more bad news. These changes reduce the absolute yields available and make the system too unstable for long-term strategies to work properly. The direct effect of ZIRP (zero interest rate policy), which in Europe has become NIRP (negative ...
The Weirdest Rally of All Time?
Post Date: 2016-03-18 22:03:14 by BTP Holdings
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The Weirdest Rally of All Time? Mike Larson | Friday, March 18, 2016 at 4:22 pm I don’t know about you. But I think it’s fair to say this is one of the weirdest rallies of all time. This year started off as the worst ever for the 119-year-old Dow Jones Industrial Average. But in just 24 days, the Dow has retraced its entire 10%-plus decline. That’s the fastest stocks have ever gained back a drop of that magnitude. Then there’s the issue of where this bounce back is coming in the market cycle. Assuming you still believe this is a bull market, it’s roughly the second-longest in history. That means it would be remarkable (historically speaking) if this rally marked ...
The China Fallacy
Post Date: 2016-03-18 05:20:29 by BTP Holdings
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The China Fallacy Martin D. Weiss, Ph.D. | Monday, March 14, 2016 at 7:30 am The prevailing theory about China, widely accepted both there and here, is quite unique: “China’s economy has been expanding so fast for so long,” they say, “even if it suffers a slowdown, it will still be a lot stronger than most other countries. So instead of yearly growth rates of 10%, we could see growth rates of 6% or 5%. What’s so bad about that?” There’s just one pesky problem with this theory: It’s wrong. It has no basis in history, fact or logic. It’s one of the greatest fallacies of our time. And that single error could soon emerge as a dominant factor in ...
Is an economic depression likely now?
Post Date: 2016-03-17 19:11:15 by BTP Holdings
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Is an economic depression likely now? By Mike Burnick, Weiss Research Larry Edelson — the Weiss Research Senior Analyst who accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says that a great global depression is now likely. Edelson, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading spread to Japan and the United States. RELATED: Best investments as European economy declines “Everything in nature moves in regular, rhythmic, predictable cycles,” says Edelson. “From the rising and setting of the sun and ...
Fed Stands Pat, Blames the Rest of the World
Post Date: 2016-03-16 21:07:23 by BTP Holdings
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Fed Stands Pat, Blames the Rest of the World Mike Larson | Wednesday, March 16, 2016 at 4:20 pm Don’t look at us. It’s the rest of the world’s fault! That was the loud-and-clear message coming from the Federal Reserve today. I say that because policymakers took a pass on raising short-term rates from the current 0.25-0.5% range, despite sounding relatively optimistic about the domestic economy. Specifically, the post-meeting statement said that “household spending has been increasing at a moderate rate,” that the “housing sector has improved further” and that there has been “additional strengthening of the labor market.” It also said that ...
We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy
Post Date: 2016-03-16 11:14:38 by christine
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Exports fell precipitously during the last two recessions, and now it is happening again. So how in the world can anyone make the claim that the U.S. economy is in good shape? On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the current crisis, and I am going to discuss another one today. Since peaking in late 2014, U.S. exports have been steadily declining, and this is something that we never see outside of a major recession. On the chart that I have shared below, the shaded gray bars represent the last two recessions, and you can see that exports of goods and services plunged dramatically in both instances… Click for ...
Phantom Sales Surge Goes “Poof” — Is it Cause for Worry?
Post Date: 2016-03-15 19:18:37 by BTP Holdings
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Phantom Sales Surge Goes “Poof” — Is it Cause for Worry? Mike Larson | Tuesday, March 15, 2016 at 4:20 pm Remember that surge in retail sales to start the year off? The one that the bulls on Wall Street cited as proof the consumer is in great shape? Never mind. Government bean counters now say it didn’t happen. Specifically … we just learned that … Sales didn’t rise 0.2% in January. They actually dropped 0.4%. The “core” sales figure that’s used to calculate GDP? It didn’t surge 0.6% as previously reported. It climbed only a third of that, or 0.2%. Sales estimates were revised down for electronics … appliances … building ...
We Are Headed Toward a Cashless Society?
Post Date: 2016-03-15 09:37:39 by Ada
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In this article, Claudio Grass, Managing Director at Global Gold Switzerland, talks to economist and Mises Institute Senior Fellow Thomas DiLorenzo. This exclusive interview covers central bank monetary policies, Keynesian economics, the economic“recovery,“ political correctness, and much more. Claudio Grass: Thomas, it is an honor to have this opportunity to talk to you. I am also pleased to announce that you will be delivering the keynote speech at the BFI Inner Circle Wealth Forum in Florida on April the 18th and 19th. Let’s get started! Given the limited impact of loose monetary policy thus far, where do you think we are headed on the central bank front? Do you think ...
Donald Trump reveals simple plan to help every American earn more money
Post Date: 2016-03-13 16:39:09 by BTP Holdings
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Donald Trump reveals simple plan to help every American earn more money By Michael Pearson, Faith Karimi and Joe Sutton, CNN Updated 8:11 AM ET, Sun March 13, 2016 Can Americans double or even triple their incomes this year? Donald Trump Speaks to a packed New Hampshire audience detailing his Income For Americans Plan. (CNN) --Speaking before a packed auditorium Donald Trump revealed the secret economic plan behind his "Make America Great Again" initiative. "It's no secret that the Average American is earning less today than they were before the 2008 recession." Stated Mr. Trump. "The reason is simple. There are people who know how to make money very ...
The Financial System Is A Larger Threat Than Terrorism
Post Date: 2016-03-13 10:52:50 by Ada
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In the 21st century Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, that remain undefeated after 15 years. All this time the financial system, working hand-in- hand with policymakers, has done more damage to Americans than terrorists could possibly inflict. The purpose of the Federal Reserve and US Treasury’s policy of zero interest rates is to support the prices of the over-leveraged and fraudulent financial instruments that ...
European hopes of cheap Iran oil dashed
Post Date: 2016-03-13 07:47:29 by Tatarewicz
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PressTV... Analysts say Iran which has learnt to live with low oil prices for years might be waiting for them to pick up. European hopes of securing cheap deals for imports of crude oil from Iran are apparently dashed, with some big buyers complaining that the country was refusing to budge on its terms. Those companies had been salivating for long at the prospects of Iran opening its oil floodgates to the market when sanctions were lifted on the country. With that date having come and gone by about two months now, European major buyers say Tehran is unwilling to loosen its terms. Ahead of the lifting of sanctions, Western media had generated high expectations of an Iranian urge to get ...
Hillary’s Scary New Cash Tax
Post Date: 2016-03-13 07:46:52 by BTP Holdings
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Hillary’s Scary New Cash Tax Editor’s Note: Today, the Daily is pleased to welcome back Casey Research Director and longtime PBRG friend Brian Hunt. In Brian’s urgent message below, he shows you how the government is planning a secret new tax. It involves a new way of taking money directly from your bank account... Brian Hunt From Brian Hunt, director, Casey Research: Have you heard of “negative interest rates?” It’s become a phenomenon with economists and the media. There’s a good chance you’ve read an article about it. We’ve covered it many times in the Casey Daily Dispatch. I’m writing to tell you something about negative interest ...
Iran’s oil exports hit 2 million bpd
Post Date: 2016-03-13 06:07:29 by Tatarewicz
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PressTV... Minister of Petroleum Bijan Zangeneh says he expects Iran’s crude oil exports to hit 2 million barrels per day (bpd) in the current Persian month of Esfand which ends on March 20. The country exported 1.75 million bpd last month, the largest since 2012, which came after the lifting of sanctions on the country, the minister told reporters on Sunday. “In the past month of Bahman, we managed to export 1.75 million bpd of crude but this figure will reach 2 million bpd in the month of Esfand. Hence, we are expecting the volume of our crude oil exports to touch 2 million bpd in Esfand,” he added. Zangeneh also said Iran would take part in discussions on a possible ...
The Gold Rush … The Loser Leases … Panic Buying
Post Date: 2016-03-12 21:09:31 by BTP Holdings
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The Gold Rush … The Loser Leases … Panic Buying The Money and Markets Team | Saturday, March 12, 2016 at 7:30 am Here’s a summary of stories from this past trading week, with a link to the full articles online. The Eight Trillion-Dollar Trap Question: If there’s another financial catastrophe, can the government save the day again? Until recently, nearly all experts would have responded with a stubborn “yes.” Now though, they’re not so sure. And some astute analysts are saying the true answer is a flat “no.” So Dr. Martin Weiss says, you can’t depend on anyone else — especially the government — to protect your assets. You have ...
An Accountant’s Case for Gold
Post Date: 2016-03-12 13:36:35 by BTP Holdings
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An Accountant’s Case for Gold By Jody Chudley To get my accounting designation, I served six years working for a public accounting firm. Tax returns, inventory counts and auditing… oh, the auditing. I can’t really say that I enjoyed the experience. But it was a necessary step in my career — and I actually learned a thing or two about the importance of stocking away cash… and gold. Here’s what I mean… Back then, I was assigned to the audit team that was responsible for auditing 47 different municipal offices located in various tiny Manitoba towns. When I say tiny towns, I mean tiny towns. Chances are you haven’t been to Manitoba. We are like ...
All Are Wounded by War
Post Date: 2016-03-12 07:18:28 by Ada
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So I saw this article in the news talking about how the Wounded Warriors Project charity that works for injured U.S. military personnel and veterans is under scrutiny for alleged financial oopsie-daisies like lavish parties and so on. In other words, they were using the donations for a bit more than wounded warriors. But my question is this: Why is this any different than anything else along these lines? Humor me for a moment here. How is this different than Veteran’s Day Sales and Memorial Day Sales? Think about it for a minute. Better yet, let’s have some truth in advertising: “Come celebrate the deaths of millions of human beings and the use of two nuclear weapons with ...
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