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Latest Articles: Business/Finance
It's Official: Canada Has Sold All Of Its Gold Reserves
Post Date: 2016-03-06 11:58:34 by BTP Holdings
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It's Official: Canada Has Sold All Of Its Gold Reserves Submitted by Tyler Durden on 03/03/2016 19:34 -0500 One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds. As we noted, the decision to sell came from Finance Minister Bill Morneau’s office. “Canada’s gold reserves belong to the Government of Canada, and are held under the name of the Minister ...
Peter Schiff: Americans Should be Stockpiling Bullets…
Post Date: 2016-03-06 10:58:59 by BTP Holdings
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Peter Schiff: Americans Should be Stockpiling Bullets… The Real Crash by Peter D Schiff Claim your FREE copy of this special edition of Peter Schiff’s bestselling book, The Real Crash, 2016. Bestselling author Peter Schiff believes that the United States could soon be forced into bankruptcy. Can you survive for six weeks without a grocery store, potable water, or power? BUSINESS WIRES By Wall Street Daily Sunday March 6, 2016 New financial evidence proves that Americans are scared. Their fear is manifesting on the balance sheets of gun/ammunition manufacturers. Put simply, business is booming. Firearms maker Sturm, Ruger & Co. (RGR) nearly doubled profits in the ...
How It’s Really Done
Post Date: 2016-03-04 18:04:01 by Ada
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In the old days, you would gradually provide for your retirement by saving money, either stashing cash under the floorboards or at a bank. By the term “in old days”, I actually DO mean all the way back to dinosaurs, who did NOT save for their retirements (which you can easily prove for yourself by examining the fossil record), and they all died penniless. Let that be a lesson to you. Anyway, the bank at which you saved towards retirement would pay you a somepiddly rate of interest that at least offset the rate of inflation, and little by little your little stash grew and grew, until one day it was a mighty oak tree, majestically spreading its strong, leafy branches to the ...
The New Cash Hoarders
Post Date: 2016-03-04 09:39:56 by Ada
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Negative interest rates have the law-abiding scrambling for bills. Are Japan and Switzerland havens for terrorists and drug lords? High-denomination bills are in high demand in both places, a trend that some politicians claim is a sign of nefarious behavior. Yet the two countries boast some of the lowest crime rates in the world. The cash hoarders are ordinary citizens responding rationally to monetary policy. The Swiss National Bank introduced negative interest rates in December 2014. The aim was to drive money out of banks and into the economy, but that only works to the extent that savers find attractive places to spend or invest their money. With economic growth an anemic 1%, many ...
Green Shoots and Dark Clouds
Post Date: 2016-03-03 08:36:57 by BTP Holdings
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Green Shoots and Dark Clouds Mike Burnick | Thursday, March 3, 2016 at 7:30 am Stocks have staged an impressive rebound rally over the past three weeks, with the S&P 500 Index rising 9.2% from February’s low, but still down 3.2% year-to-date. The upside move has been fueled in part by some better-than-expected economic data. Don’t get me wrong, the data remains downbeat, but isn’t as bad as many investors were expecting. Case in point, the ADP employment report yesterday showed U.S. firms adding 214,000 jobs in February, which was a big positive surprise, well above estimates of 185,000. As a result of this and other upbeat reports lately, the Citigroup Economic ...
The price of a US stamp is set to fall in April for the first time in 97 years
Post Date: 2016-03-02 15:24:17 by Ada
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For the first time since Woodrow Wilson was president, the price of a US postage stamp is set to decrease in April. According to the US Postal Service, the price of a US-bound first class stamp will decrease 2 cents — to 47 from 49 cents — starting April 1o. Stamp prices last declined in 1919 when the price of a first class stamp fell to 2 cents from 3 cents. This expected decrease stems from an act of Congress passed in 2013 that allowed the USPS to add a 4.3% surcharge in order to stem the massive losses for the Service because of the Great Recession. In a release from the USPS, the group said the act expires when the surcharges had accounted for $4.6 billion in revenue, ...
When Will We Have to Worry About Bank Failures Again?
Post Date: 2016-03-01 20:59:47 by BTP Holdings
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When Will We Have to Worry About Bank Failures Again? Mike Larson | Tuesday, March 1, 2016 at 4:20 pm Investors had nary a care in the world today, with the Dow Industrials jumping 348 points and bank stocks finally putting some points on the board. But will that strength persists? Or does a hidden risk loom? Let me answer that question with another question: Have you ever read the QBP from the FDIC? Or even heard of it? I can’t blame you if your answer is “no.” The acronyms stand for the “Quarterly Banking Profile” and the “Federal Deposit Insurance Corporation.” The QBP provides a comprehensive portrait of the health of the banking sector every ...
Tom answers your questions on the safest place for your cash today
Post Date: 2016-03-01 06:45:32 by BTP Holdings
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Tom answers your questions on the safest place for your cash today By Tom Dyson September 11, 2015 Editor’s Note: The market’s seen some extraordinary volatility over the last few weeks. In response, Tom began a series of daily live video updates for all Palm Beach Infinity subscribers. We’ve received lots of positive feedback here… So, before long, Tom will roll this out to all PBRG members. In the meantime, here are some important questions Tom’s been answering regarding cash, the markets, and the safest place for your money today… Vault Question: Tom, if I want to hold cash right now, what’s the safest place and way(s) to do so? I’m worried ...
Kill cash? Only if you want to kill freedom, says law professor
Post Date: 2016-03-01 06:27:45 by BTP Holdings
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Kill cash? Only if you want to kill freedom, says law professor Posted on February 29, 2016 by Sam Rolley Glenn Reynolds, a law professor and regular contributor to Instapundit, says calls to begin weakening the power of cash by doing away with large bills means killing the currency of freedom. We told you about the recent interest in eliminating large forms of currency here a couple weeks ago. Here’s a little refresher: Larry Summers, an ex-treasury secretary who served as an economic advisor to the Obama administration, argues in a recent Washington Post blog that large bills such as the U.S.’s $100 and the European Union’s 500-euro bills aid in corruption and ...
US gov’t can’t force Apple to unlock iPhone in drug case – NY judge
Post Date: 2016-02-29 21:43:06 by Ada
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The US Justice Department does not have the authority to force Apple to unlock an iPhone involved in a Brooklyn drug case and hand the data over to the FBI, a New York judge ruled Monday. In this case, the FBI was applying the same 18th century legislation that it argues must compel Apple to unlock the iPhone belonging to one of the shooters in the San Bernardino massacre. “The government has failed to establish” that the All Writs Act permits it to make Apple provide access to data stored on a locked iPhone, US Magistrate Judge James Orenstein wrote in the ruling. He also stated that if the AWA does allow the FBI to make such an order, “discretionary factors” in the ...
EATCH AS WE SHOW THREE COMPLETE STRANGERS HOW TO GENERATE $127 CASH IN UNDER THREE MINUTES
Post Date: 2016-02-28 08:53:37 by BTP Holdings
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Hello. My name is Joe Schriefer. Today I’m going to show you a LIVE demonstration of a mysterious and misunderstood financial maneuver/transaction that could generate hundreds of dollars in INSTANT INCOME in three minutes or less. I’ve made it my personal mission to show you that absolutely anyone can generate INSTANT INCOME from the financial markets. And I plan to prove it to you today LIVE on the crazy streets of Baltimore. My goal is to show random strangers how to execute this mysterious financial maneuver/transaction so they can quickly generate hundreds of dollars in INSTANT INCOME… Even if they know nothing about the financial markets… Even if they ’re ...
Free PDF: The 8 Threats Facing the U.S. Dollar (And Your Savings) Right Now
Post Date: 2016-02-28 06:54:38 by BTP Holdings
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Free PDF: The 8 Threats Facing the U.S. Dollar (And Your Savings) Right Now I don't know about you, but I think about the future of my savings all the time. Besides health, few things are more important to myself, and to my family. But, for a long time, I never considered the U.S. Dollar's influence on my savings. That has changed. Today, I want to share with you this free PDF info sheet on why I'm concerned for the ongoing validity of the dollar, and how its decline will affect our savings. This exclusive document reveals the top 8 threats facing the dollar, including: The damaging effects of the government's reckless money printing, Why the U.S. economy can no longer ...
Did this just trigger the beginning of another Depression?
Post Date: 2016-02-28 06:39:52 by BTP Holdings
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Did this just trigger the beginning of another Depression? Editor’s Note: In today’s special Daily, Casey Research analyst Justin Spittler interviews our own Tom Dyson. In it, Tom foreshadows a major economic crisis just around the corner. Read the revealing interview, below... Money on Fire Casey Research: You believe we’re headed for an economic catastrophe. Why? Tom Dyson, founder, Palm Beach Research Group: Most people don’t know it, but the collapse of a tiny Austrian bank called Creditanstalt in the ’30s triggered the Great Depression. I think a similar event has already started today. Casey Research: How was a default in a tiny European country able to ...
The Shanghai Snoozer
Post Date: 2016-02-27 14:37:20 by BTP Holdings
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Pity the poor reporters covering the summit of “G-20” finance ministers and central bankers in Shanghai this weekend. They’ve got nothing to write about. On the first day yesterday, “China has sought to assure global finance ministers about the state of its slowing economy,” reports the BBC. Yawn… stretch. Well, Treasury Secretary Jacob Lew told us not to expect thrills ’n’ chills. There would be no crisis response at these sessions because… there’s no crisis. Really? Sounds like a fine entry point for this week’s edition of 5 Things You Need to Know — our Saturday countdown of the most important themes in the weekday 5 Min. ...
Service Animal Circus
Post Date: 2016-02-26 08:14:57 by Ada
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Ok, I’m probably going to step on a few toes here, but, whaddya want from me? Have a gander at this article. Now, I’ve been noticing this “service animal” crap for some time now. I saw this lady with five teacup poodles in her shopping cart at the supermarket, and all had these bogus “service animal” vests on. I mean, come on, lady, what are these five runts going to do? Dial 911 and do mouth-to- mouth? Or is that muzzle-to-mouth? Oh, right! These are “emotional support dogs”! Excuse me, but when did we become a nation of such helpless weenies that we need the pooch to go with us and hold our hand? I’m thinking I’d like to get an emotional ...
3 reasons the gold rally is just getting started
Post Date: 2016-02-25 10:12:01 by Ada
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It is tempting to think gold’s upsurge is just due to jitters about the stock market. Or traders covering their short positions. Or simply a price blip in an ongoing, years-long bear market. But I’d like to challenge those assumptions. Not because I’m long and want to see the gold price rise (I am and I would), but because the data, historical trends, and strong mainstream interest suggest otherwise. If I’m right, you’ll find the chart below a real eye-opener. There are three reasons why I think the gold run is just getting started. The first is a growing concern about not only world events, but about the Fed itself… #1: Central Bankers Losing Control The ...
Enjoying All That Cheap Gas? Get Ready For This
Post Date: 2016-02-25 07:27:17 by BTP Holdings
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The Oxford Club's Resource Strategist Sean Brodrick has been trying to warn people about this. As Americans gleefully fill up their gas tanks for $20-$30 thanks to cheap oil... something dangerous is simmering beneath the pump. According to Sean, Saudi Arabia isn't happy about the oil price collapse... and flat-out blames America for it. The Saudis' profit margins have been wiped out after prices have plummeted from $147 a barrel in 2008 to $48 today... They're actually looking at a budget deficit of $120 billion. It's their first deficit since 2009. And you can take this to the bank: Arab oil sheiks don't like deficits. Now, the Saudis want payback. They ...
Don’t Get Swept Away by Surge
Post Date: 2016-02-24 06:30:33 by BTP Holdings
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Don’t Get Swept Away by Surge Jon Markman | Tuesday, February 23, 2016 at 7:30 am 61 Jon Markman Stocks rallied 6% off their Feb. 11 low – accomplishing more in three days than they did in the prior 26 months. Here are a few reasons: — An epic short squeeze, to be sure. Stocks that rose the most were the most shorted. — A much-stronger-than-expected retail sales report on Feb. 12. — Deutsche Bank’s surprise announcement that it wasn’t dead yet and would buy back debt. — JP Morgan chief Jamie Dimon throwing down a $25 million bet on his company’s stock, and by extension pledging that he believes the violent bank sell-off has been overdone. ...
Havens and Traps if Rates Go Negative
Post Date: 2016-02-23 07:11:58 by BTP Holdings
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Havens and Traps if Rates Go Negative Published Tue, Feb 23, 2016 | Martin Hutchinson, Global Markets Analyst Likelihood of Negative Rates Increasing During recent Congressional testimony, Fed Chair Janet Yellen said she’s looking carefully at moving to a negative federal funds rate. As income investors, we must protect ourselves from this very real possibility, while also recognizing that some investments are much safer than others. So let’s start with one truly terrible investment group – banks. Yes, banks will do very badly indeed under negative interest rates because they daren’t risk passing the negative interest rates on to their depositors. If they did, ...
Stockman: Economic Coup d’etat Underway
Post Date: 2016-02-22 18:59:42 by BTP Holdings
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Stockman: Economic Coup d’etat Underway For several years now, a small group of Keynesian academics and hacks have seized nearly absolute financial power. They’ve used the Fed’s printing presses to justify the lunacy of unending zero interest rates (ZIRP) and massive quantitative easing (QE) on the grounds that there is too little inflation. The bureaucrats at the IMF even invented a lamebrained catchphrase, calling the so-called scourge of money that retains most of its value “lowflation.” This whole consumer inflation-targeting scheme is an inherently preposterous notion. There is not one scrap of evidence that 2% consumer inflation is better for rising living ...
Question of the Week by The Morgan Report - February 20, 2016
Post Date: 2016-02-22 06:30:30 by BTP Holdings
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Question of the Week by The Morgan Report | www.TheMorganReport.com Is silver a safe haven or better safe haven than gold? Please subscribe to this channel and share with your friends--- Youtube: www.youtube.com/user/silverguru Click for Full Text!
Markets are 'losing faith' in the world's central banks
Post Date: 2016-02-21 15:55:10 by Ada
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Central banks have done a lot of unconventional things over the last few years. Prolonged zero interest rates, negative interest rates, and massive asset purchases have all been employed in the attempt to kick-start the post-global financial crisis world. However, all of these actions have had less-than-desirable outcomes. And now the markets are "losing faith in policy potency," wrote BNP Paribas' Ken Wattret in a recent note to clients. "One of the contributory factors to the (recently improved) malaise in markets has been doubts over the effectiveness of policy," he wrote in the note. "From a monetary-policy perspective, this relates not only to a ...
Is the World Economy Just A Laundry Basket Filled with Dirty Clothes?
Post Date: 2016-02-21 11:26:03 by BTP Holdings
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Is the World Economy Just A Laundry Basket Filled with Dirty Clothes? Posted on February 8, 2016 by Peter Blatt, JD., LL.M. peter Blatt Making investment allocation choices reminds me of a conversation that I almost had with my teenage son. Last week, my 14-year-old son came downstairs and said to me “I’m out of shirts for school.” Well, actually, that’s what he would have said if he really spoke to me, but he’s a teenage boy, and I will pretend that we had this dialog, even though he doesn’t actually speak in the morning. “Dad, I’m out of clean shirts. I don’t have anything to wear for school.” He then proceeded to go over to the ...
Simple Janet Is Lost in the Keynesian Puzzle Palace
Post Date: 2016-02-20 19:38:44 by BTP Holdings
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Simple Janet Is Lost in the Keynesian Puzzle Palace By David Stockman Why do our central bankers think negative interest rates (NIRP) can possibly stimulate credit growth and old-fashioned Keynesian GDP expansion in a world of Peak Debt? Well, the truth is, they don’t think it. They assume it. Since they erroneously believe that capitalist main street is utterly dependent upon their constant assistance, virtually any short-run development—adverse or otherwise—is taken as evidence that more monetary policy intrusion is needed. Indeed, this faulty frame of mind has gone so far that they now interpret the negative feedback loop from their own bubble inflation as evidence ...
Gold Bulls Feast as More Central Banks Drive Rates Below Zero
Post Date: 2016-02-20 14:52:09 by BTP Holdings
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Gold Bulls Feast as More Central Banks Drive Rates Below Zero Image: Gold Bulls Feast as More Central Banks Drive Rates Below Zero Friday, 19 Feb 2016 01:50 PM Gold bears for years fed off the prospects for higher borrowing costs. Now bulls are thriving in a world where negative rates are becoming commonplace. The Bank of Japan adopted negative rates last month to spur growth, joining central banks in Denmark, the euro area, Sweden and Switzerland. With about a quarter of the world economy facing negative rates in some form and growth faltering, gold has become one of this year’s best investments. It’s a big turnaround for the metal which slid to a five-year low in December ...
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