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Latest Articles: Business/Finance
U.S. to Help Iran Rebuild Nuclear Reactor
Post Date: 2015-11-11 03:47:11 by Tatarewicz
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PressTV...The United States and other global (idiot) powers are helping Iran to update and reconstruct a nuclear reactor that has been suspected of helping the Islamic Republic produce enough material for a potential nuclear weapon, according to regional reports and statements from the State Department. The United States’ goal is to work with Iran to refit the reactor in such a way that it can no longer produce weapons grade material. However, Iran maintains that the United States and other partner nations will soon provide “advanced equipment” for the reactor, which is located near the Iranian industrial city of Arak. A spokesman for the Atomic Energy Organization of ...
Corporate America deep in debt - Goldman Sachs
Post Date: 2015-11-10 22:40:45 by Tatarewicz
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RT... Years of low interest rates and a boom in mergers and acquisitions (M&A) have made American companies spend without looking back. This has resulted in the highest corporate debt in a decade, close to $1 trillion, according to a report by Goldman Sachs. "Companies in the United States have taken advantage of low interest rates to issue record levels of debt over the past few years to fund buybacks and M&A. This has driven the total amount of debt on balance sheets to more than double pre-crisis levels," Goldman Sachs analysts headed by Robert Boroujerdi wrote in the note, acquired by Bloomberg. According to the bank, since the global crisis of 2008, almost $1 ...
Dear Striking Fast-Food Workers: Meet The Machine That Just Put You Out Of A Job
Post Date: 2015-11-10 12:34:58 by HAPPY2BME-4UM
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Today, U.S. fast-food workers will strike across 270 cities in a protest for higher wages and union rights that they hope will catch the attention of candidates in 2016 elections, organizers said. The walkouts will be followed by protests in 500 cities by low-wage workers in such sectors as fast food and home and child care, a statement by organizers of the Fight for $15 campaign said on Monday. The protests and strikes are aimed at gaining candidates’ support heading into the 2016 election for a minimum wage of $15 an hour and union rights, it said. The strikes and protests will include workers from McDonald’s, Wendy’s, Burger King , KFC and other restaurants, the ...
China to Allow Direct Conversion Between Yuan and Swiss Franc
Post Date: 2015-11-09 10:36:06 by Ada
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China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve- currency status at the International Monetary Fund. The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan. The rate will be allowed to fluctuate a maximum 5 percent on either side of a daily fixing, according to CFETS. “This is an important step in strengthening bilateral economic and trade connections between China and Switzerland,” the People’s ...
Technology, Competition and the 'Crapification' of Jobs
Post Date: 2015-11-09 08:00:20 by Ada
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The 'crapification' of jobs is the direct result of the 'crapification' of the economy. Two recent articles shed light on the 'crapification' of jobs and the rise of income inequality: Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs (Naked Capitalism) The Measured Worker: The technology that illuminates worker productivity and value also contributes to wage inequality. (Technology Review, via John S.P.) While both articles offer valuable insights into the secular trend of stagnating employment and wages, I think both miss a couple of key dynamics. As a general starting point: if you want to understand the ...
When will Russia to stabilize oil prices?
Post Date: 2015-11-09 06:59:50 by Tatarewicz
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Started by USC I think the decision has been made ... After the evacuation of Russian citizens from Egypt,- Saudi Arabia (may be Quatar) will suffer a massive bombing attacks on oil fields, ports and military structures. Yemeni rebels to get the advanced weapons. Mario Milano... Simple kill the Sauds who are deliberately destabilizing oil prices as a US plan to try to wreck the Russian economy! (But the Sauds seem to have wrecked their own economy with this stupid US plan) Mandrake... I rather doubt that Russia is going to bomb the entire middle east over low oil prices and if they did, people who get their oil from the middle east will likely be unhappy campers. American, Canadian ...
Global Banking System Doomed to Repeat History
Post Date: 2015-11-08 14:01:38 by BTP Holdings
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Global Banking System Doomed to Repeat History By Damon Geller As the axiom goes, “Those who ignore history are doomed to repeat it.” And since our politicians, bankers and citizens have ignored the horrifying events of just 6 years ago, the United States and the rest of the world are about to repeat history in record time. Greece is only the beginning! Recent data now confirms our worst fears: the factors that led to the 2008 collapse of the banking system are back with a vengeance. Only this time, it’s much worse than anyone imagined. With the insidious help of politicians and The Fed, banks have secretly built up over $30 TRILLION worth of the same toxic assets that ...
Impeachment of the Federal Reserve
Post Date: 2015-11-08 13:04:14 by Southern Style
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Impeachment of the Federal Reserve Throughout history, holding public officials accountable for wrongdoing has been elusive even under the most moral regimes. As an ordinary practice, crime pays, especially in public office. Personal gain is an obvious offense. However, misdemeanors against specific persons, entire classes of people or even crimes against humanity are routinely committed in the normal course of administrating governments. Woefully, a universal remedy to prevent such a chronicle of depravity has never been applied to the body politik.When such violations of the public trust are perpetrated by non elected authoritarians, especially from a protected segment of the financial ...
The end of the world has already begun
Post Date: 2015-11-08 07:05:32 by BTP Holdings
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Since the end of World War II, credit has been expanding in the U.S. At first it was a healthy expansion. Young, middle-class families took out mortgages and ran up bills on “charge cards,” such as Diners Club and American Express. Then in the late 1950s came the first credit cards. This was accompanied by large increases in consumer credit. Until the 1970s, all was well because wages were rising, too. And with so much new technology coming online, people believed their wages could only increase. Debt was no problem—neither for the nation nor for households. We’d “grow our way out of it.” But a strange—and not fully understood—new trend began in ...
Underwater drone with explosives’ spotted near Baltic Nord Stream pipeline
Post Date: 2015-11-08 00:51:06 by Tatarewicz
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RT... An unmanned military underwater vehicle rigged with explosives was spotted on the seabed in the vicinity of the Nord Stream gas pipeline in the Baltics on Friday, Swedish media report. The device is expected to be disarmed on November 9. An abandoned expendable remotely-operated mine clearance underwater vehicle allegedly with explosives onboard has been detected in multinational waters of the Baltic Sea by the Swedish Navy, Svenska Daglabet reports. The discovery was made during a routine check of the Nord Stream pipeline. Since it was discovered in the Swedish economic zone, north of the island of Gotland, the Nord Stream pipeline operator immediately notified the Swedish ...
Yellen Just Got a Green Light on Rates
Post Date: 2015-11-06 22:19:07 by BTP Holdings
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Yellen Just Got a Green Light on Rates Posted on November 6, 2015 by Brad Hoppmann The entire investment community was awaiting today’s release of the October employment report — and the numbers definitely did not disappoint. During the month, the Labor Department reported that nonfarm payrolls rose a seasonally adjusted 271,000. The report also contained upward revisions to both the August and September jobs reports. In addition to the much-better-than-expected number of new jobs (consensus estimates were for new job creation in the 182,000 range), the unemployment rate also fell to 5.0% in October from 5.1% the prior month. Today’s print was the lowest unemployment ...
2015’s Best & Worst Small Cities in America
Post Date: 2015-11-06 21:41:17 by HAPPY2BME-4UM
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Source: WalletHub And while he full list can be found at the following link, here are the two extremes. First, the 20 best cities: But more importantly, here are the worst - spot the common theme. Source Click for Full Text!
TPP revealed: Pact details ignite debate over privacy, internet freedom, whistleblowers
Post Date: 2015-11-06 01:17:11 by Tatarewicz
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RT... With the release of the full text of the Trans-Pacific Partnership (TPP), a sharpening of arguments on both sides outline a debate about privacy, corporatism, internet freedom and intellectual property, and even the plight of whistleblowers. TagsAsia, Trade The world got its first look at the international agreement between 12 Pacific Rim countries on Thursday, exactly one month after it was finalized on October 5. Given that the secret negotiations hammering out the pact had been ongoing since 2008, with details hard to come by, skeptics and critics had been expressing suspicions as to TPP’s true intentions and ultimate impact over the past couple years. Now they can finally ...
Enter the Dragon: Beijing Pushing Ahead With 'Yuanization' of World Economy
Post Date: 2015-11-05 21:38:51 by Tatarewicz
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Sputnik... While Washington continues to vex China over the South China Sea disputes, Beijing is pushing ahead with the yuanization of the world economy, Mexican economist Ariel Noyola Rodriguez notes. "The renminbi is today the second most utilized currency for commercial financing, and the fourth most demanded for cross-border payments, according to data from the Society of World Interbank Financial Telecommunications (SWIFT)," Mexican economist Ariel Noyola Rodriguez elaborated in his article for RT. The economist noted that Beijing is no bull in a china shop: the Communist Party of China knows perfectly well that it is being watched by the Federal Reserve and the US ...
The Emperor’s Clothes Cost Twenty Dollars
Post Date: 2015-11-05 07:52:00 by BTP Holdings
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The Emperor’s Clothes Cost Twenty Dollars By Lloyd Darland Chapter 1: What’s Going On? Today, just like yesterday, and possibly tomorrow, a thief sneaks into your home, into your wallet, and takes $5. No, this isn’t the income tax; that’s bad enough…this is in addition to that. And it’s not just “your” home… it’s happening in every home in the country, every day of the year. This is the average amount taken every day with a little-understood, quiet method you need to know about. The total amount of the theft currently equals upwards of $94 trillion! I hope you’ll keep reading to see how it’s done and why, what it means to you ...
America's Day of Reckoning
Post Date: 2015-11-05 06:49:50 by BTP Holdings
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America's Day of Reckoning Advertorial | by Mike Larson On Wednesday, December 16, 2015 ... behind closed doors in Washington, D.C. ... an event could take place that will change everything in your life. What is about to occur will shake our nation to its core and destroy the financial security of MILLIONS of Americans. It will trigger all-out panic — first in the U.S. bond market ... and later in the stock market. It will destroy millions of jobs ... sentence most Americans to a “dark age” of depression and poverty ... send gold and silver prices careening higher ... and push the U.S. government to the brink of collapse. The carnage could ultimately make The Great ...
Federal Government Seizing Bank Accounts Today…
Post Date: 2015-11-05 05:06:28 by Tatarewicz
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Notorious1(PBRG) Delray Beach, FL – Right now, the IRS is seizing bank accounts of innocent, everyday Americans. Government records show they’ve confiscated $242 million in the past 10 years alone. Without proof of crime. Think it can’t happen to you? Related Story: It’s tax free. Pays up to 37 times more than bank accounts. And you DON’T NEED TO REPORT IT TO THE IRS. No wonder the government doesn’t want you to know about this secret account. Click here for the full story. Just ask Carole H. from Iowa. She’s worked in a restaurant for nearly 40 years. One day, IRS agents seized $33,000 from her bank account. Or ask Jeff and John, two brothers ...
Druckenmiller: Fed Bubble Will Not End Nicely
Post Date: 2015-11-04 21:16:32 by BTP Holdings
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Druckenmiller: Fed Bubble Will Not End Nicely Image: Druckenmiller: Fed Bubble Will Not End Nicely (Dollar Photo Club) By Newsmax Wires | Wednesday, 04 Nov 2015 12:00 AM Hedge fund manager Stanley Druckenmiller warns that the Federal Reserve has inflated an economic bubble that is poised to burst. The chief executive of Duquesne Capital said "the central bank has created a bubble of short-term investing through its near-zero interest rates and quantitative easing," CNBC reported. "All you do when you're doing this is you're pulling demand forward to today," Druckenmiller said Tuesday at the annual DealBook conference. "This is not some permanent boost ...
Where the Jobs Are … and Aren’t
Post Date: 2015-11-04 20:52:45 by BTP Holdings
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Where the Jobs Are … and Aren’t Mike Larson | Wednesday, November 4, 2015 at 4:22 pm Where can jobs be found in this country? Which industries are doing better and which are doing worse? The ADP Research Institute tries to answer those questions for us the first Wednesday of every month. Then the Labor Department weighs in two days later. So what did ADP say in its October report today? ==> Overall employment grew by 182,000 last month. That was the weakest reading since July, and a deceleration from September’s downwardly revised 190,000k figure. It also confirmed we’ve downshifted from the kind of 200,000+ numbers we saw throughout 2014. ==> Manufacturing ...
US Dollar Global Hegemony Under Attack | Mike Rivero
Post Date: 2015-11-04 10:52:07 by christine
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Russia's Revenge: The End of the Dollar
Post Date: 2015-11-04 07:06:31 by BTP Holdings
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FORGET IRAN, IRAQ, UKRAINE This is where WWIII starts... World Powers STEVE MEYERS: My name is Steve Meyers. And I want to thank you for taking part in this exclusive Money Morning interview with Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency. And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, ...
Fed Fueled Financial Engineering in the Corporate C-Suites
Post Date: 2015-11-04 06:57:03 by BTP Holdings
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Fed Fueled Financial Engineering in the Corporate C-Suites By David Stockman All of private U.S. debt growth since the financial crisis and the inception of “extraordinary” monetary measures in the fall of 2008 has been in the business sector. On a net basis, the modest growth of business debt during the last seven years has been entirely recycled back into the speculative pools of Wall Street. This modest growth of business debt did not fuel added output growth. Instead of spending for plant and equipment, thereby spurring measured GDP growth today and economic productivity and efficiency over the longer run, it all went into financial engineering. In so doing, it caused the ...
Leftists propose free land distribution to boost Russia’s middle class
Post Date: 2015-11-03 22:12:39 by Tatarewicz
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RT... The Fair Russia party has prepared a bill proposing the free handout of 1 hectare land plots to all citizens, claiming that such a measure would increase the strength of the middle class in the country, help agriculture and the development of unpopulated regions. The bill was drafted Tuesday by the head of the Fair Russia parliamentary caucus, Sergey Mironov, and MP Oleg Nilov of the same party. The current version of the document allows certain categories of citizens, such as families with many children, disabled persons and people whose profession includes hard physical labor to receive 1 hectare (2.47 acres) of free land from the state to build a home and start a farm for personal ...
America in 2017: Warren Buffett's Ignored Warning
Post Date: 2015-11-03 03:29:31 by BTP Holdings
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America in 2017: Warren Buffett's Ignored Warning By David Hanson Admitting fear is difficult. So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night. This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours. The catch was: Attendees weren't allowed to record any of it. No audio. No video. Our team of analysts wrote down every single word Buffett and Munger uttered. Over ...
How American citizens lost their country and became a nation of debt serfs
Post Date: 2015-11-02 23:45:01 by HAPPY2BME-4UM
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Submitted by Mike Krieger via Liberty Blitzkrieg blog, Perhaps the most famous, and prescient, financial cartoon in American history is the depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is taken from Alfred Owen Crozier’s US Money Vs Corporation Currency, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine, published in 1912, just a year before the creation of the Federal Reserve. Here it is in all its glory: Our ancestors were wiser and far more educated than modern Americans about the dangers posed ...
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