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Latest Articles: Business/Finance

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Taiwan police charge two in connection to bitcoin scam
Post Date: 2015-08-23 01:01:42 by Tatarewicz
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Want... Taiwan police on Aug. 20 announced that they had caught two suspects who scammed investors out of NT$1 billion (US$30.6 million), reports our Chinese-language sister paper China Times. The Criminal Investigation Bureau in Taipei said that since March, many cases of fraud have been reported by Taiwanese users of Hong Kong-based bitcoin trading platform Mycoin, which was shut down in February by Hong Kong authorities for similar reasons. Two Taiwanese suspects have been charged in connection with the website-related fraud, 47 year old Chen Yun-fei and 39 year old Lu Kuan-wei, who was the former president of the Taoyuan Junior Chamber of Commerce. Chen and Lu held several events ...

Norway Starts Development of Largest Offshore Oil Field
Post Date: 2015-08-22 23:41:35 by Tatarewicz
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The Ministry of Petroleum and Energy in Norway on Thursday has given green light to the development and operation plan of the oil group Statoil for Johan Sverdrup field. The Norwegian economy has been suffering from significantly falling oil prices and strongly depends on the country's energy sector. That makes the approval of Statoil's project not only a significant boost to the country's oil sector, but also a promise of an improving economy in general. The fifth largest oil field to ever be found off the Norwegian coast will be developed in several phases. During the first phase, worth 12.7 billion euros, four bridge-linked platforms and three subsea water injection ...

This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History
Post Date: 2015-08-22 16:39:41 by Horse
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We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember ...

X22 Report: This Economic Collapse Will Push The US Into A 3rd World Country: Bill Holter
Post Date: 2015-08-22 15:41:11 by christine
5 Comments
X22 Poster Comment:Worth 26 min time investment!

Plunge Protection Teams of the World, Unite!
Post Date: 2015-08-22 13:11:56 by X-15
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The herd must be turned away from selling by any means available, and at this point, that means coordinated buying by all the world's Plunge Protection Teams. Central bankers are watching Marx's dictum all that is solid melts into air play out in global stock markets with a terror informed by the scalding memories of 2008's global financial meltdown. Once the trap-door opens, there is no bottom without prompt action by the world's Plunge Protection Teams--the plausible-deniability action heroes of the hyper-speculative status quo who leap into action when global stock markets threaten to melt down. After half a decade of ceaseless saves, we all know the mechanics of ...

Brokers Terrified, and Not About This Correction
Post Date: 2015-08-22 11:52:31 by BTP Holdings
1 Comments
Brokers Terrified, and Not About This Correction Posted on August 21, 2015 by Brad Hoppmann To the rational layman, the biggest story in the markets this week is the huge sell-off in the major market averages. Stocks in the Dow, S&P 500, Nasdaq Composite and Russell 2000 all have plunged below their respective 200-day moving averages, and that’s got Wall Street (and Main Street) very worried. Yet perhaps an even a bigger worry for many on Wall Street has nothing to do with the price of stocks. The new wave of panic swirling around the brokerage profession is whether people will discover their broker has been cheating on his or her spouse. According to industry advocate ...

Senator Paul Warns of a Roman-Like Empire Collapse
Post Date: 2015-08-22 11:41:58 by BTP Holdings
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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, post-World War II. And the end game could be a nightmarish scenario, where the world ...

Elon Musk's Hyperloop concept closer to becoming a reality
Post Date: 2015-08-22 06:27:46 by Tatarewicz
3 Comments
LOS ANGELES, Aug. 21 (UPI) -- The concept of high-speed frictionless train travel through pressurized, above-ground tubes began life as a fanciful dream -- one popularized by serial entrepreneur Elon Musk. Last year, Musk expressed interest in an idea called Hyperloop -- a plan to propel pod-like trains through tubes at upwards of 500 miles per hour. But with Musk's energies devoted to his car and space travel projects, Tesla and SpaceX, he called on other entrepreneurs, engineers and problem-solvers take up the concept in his name. Several start-ups sprouted. And now, one of them is announcing a significant step forward. On Thursday, Hyperloop Transportation Technologies announced ...

Dow Plunges 531 Points in Global Selloff - WORST IN FOUR YEARS
Post Date: 2015-08-21 22:40:08 by HAPPY2BME-4UM
7 Comments
Signs of slowdown in Chinese economy pressure stocks, commodities Stocks plummeted on global-growth fears for a second straight day Friday in a plunge that dragged the Dow industrials into correction territory. The global market rout pummeled stocks and commodities as fresh evidence emerged that China’s economy is slowing, spooking investors. The Dow industrials lost 530.94 points, or 3.1%, to close at 16459.75, putting it in correction territory, as defined by a 10% decline from a recent high. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04. The Dow’s more than 1,000-point drop this week was the ...

FEAR AND GREE INDEX - Carnage: Worst Week For Stocks In 4 Years, VIX Soars Most Ever
Post Date: 2015-08-21 22:34:57 by HAPPY2BME-4UM
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FEAR AND GREED INDEX Only one thing seemed appropriate...   *  *  * The mainstream media really nailed this move in the past month (here and here) China's worst week since July - closes at 5 month lowsGlobal Stocks' worst week since May 2012US Stocks' worst week in 4 yearsVIX's biggest weekly rise everCrude's longest losing streak in 29 yearsGold's best week since January5Y TSY Yield's biggest absolute drop in 2 years *  *  * Did you get message Fed?   THE CLEAR MESSAGE FROM THE MARKETS IS - HIKE RATES AND YOU'RE DONE, GIVE US QE4 OR IT'S ALL OVER!!! So let's start with stocks... Bloodbathery... This was the worst ...

SHINA, SHINA, SHINA - U.S. Stock Futures Point to More Losses
Post Date: 2015-08-21 09:10:05 by HAPPY2BME-4UM
2 Comments
U.S. stocks were poised for a slightly lower open Friday, rounding out a week marked by fears about a cooling Chinese economy. Investors on Friday received fresh evidence of the slowdown in the world's second-largest economy. An early gauge of China's factory activity slumped to a six-and-a-half year low in August, triggering steep declines in stocks across Asia and Europe, where many companies depend on China for demand. U.S. stock futures indicated a 0.2% opening loss for the S&P 500 and a 0.4% opening loss for the Dow Jones Industrial Average. Changes in futures aren't necessarily reflected in market moves after the opening bell. Declines in European stocks were ...

These 10 Corporations Control Almost Everything You Buy
Post Date: 2015-08-20 10:30:51 by Bill D Berger
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A chart we found on Reddit.com shows that most products we buy are controlled by just a few companies. It's called The Illusion of Choice. Ever wonder why you can't get a Coke at Taco Bell? It's because Yum Brands was created as a spin-off of Pepsi — and has a lifetime contract with the soda maker. Unilever produces everything from Dove soap to Klondike bars. Nestle has a big stake in L'Oreal, which features everything from cosmetics to Diesel designer jeans.  Now check out 13 small eco brands that are actually owned by giant corporations

23 Nations Around The World Where Stock Market Crashes Are Already Happening
Post Date: 2015-08-19 10:39:14 by Jethro Tull
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23 Nations Around The World Where Stock Market Crashes Are Already Happening Posted by Michael Snyder You can stop waiting for a global financial crisis to happen.  The truth is that one is happening right now.  All over the world, stock markets are already crashing.  Most of these stock market crashes are occurring in nations that are known as “emerging markets”.  In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars.  But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those ...

Silver Will Slice Through “Deflation”, Like a Hot Knife Through Butter
Post Date: 2015-08-19 09:17:18 by christine
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The Big Con Hey brothers, this week we examine(and demolish) an enormous lie being spread by our enemies right now about silver. We take a good, hard look at that lie, and cover: A personal story of mine from the last deflationary spiral, in 2008, and what lessons it has for us now… What happened to an investment that I held at that time, which was nearly annihilated(and why)… Why the banksters will fail, should they try to paint another crushing, global deflationary collapse… Two twin barrels that the banksters are staring down in this silver suppression scheme right now… And lastly, we cover one big mistake that many silver investors will make before this is ...

Sputnik Poll US$
Post Date: 2015-08-19 05:52:28 by Tatarewicz
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Yuan - the next dollar? Yes, the dollar has become obsolete as a global currency 71.7% (537) No, the world isn't ready to abandon the dollar 28.3% (212) Voted: 749

Wall Street's Expiration Date? September 16, 2015
Post Date: 2015-08-18 16:46:51 by BTP Holdings
0 Comments
Warning: Shocking evidence points to an imminent financial collapse that is ... •15-times larger than the dot-com bubble •4-times larger than the real estate bubble, and •107-times bigger than the bailouts of 2008! Click here to view this controversial video NOW! The fate of your income, investments, retirement, and even your personal safety may very well depend on it. Dear Subscriber, Brad Hoppmann Most Americans believe the worst economic times are behind us. And on the surface, who would argue? The stock market is up more than 180% since 2009, the housing market is up nearly 30% since 2012, and with gas at just over two-bucks a gallon ... the price at the pump is ...

Liberty Dollar news
Post Date: 2015-08-18 07:03:55 by noone222
8 Comments
LIBERTY DOLLAR ALERT: August 17. 2015 Government to Return the Majority of the Seized Material!!! Dear Liberty Dollar Supporters! I am very pleased to inform you that on Friday, August 14, 2015, Assistant US Attorney Thomas R. Ascik just filed Document 632 that outlines 265 of the 302 Petitioners have been APPROVED and your property will be returned! Of course, this is the most amazing news. Have you ever heard of the cops ever returning seized material? Of course not. And if any property is returned it is only after years and a ton of money as was the case with my mother’s silver! The fact that the gov is going to return actual Gold and Silver Libertys is in keeping with the very ...

Switzerland: still a top destination for firms?
Post Date: 2015-08-18 04:20:20 by Tatarewicz
1 Comments
SwissInfo... Despite Switzerland still being attractive to international investors, tax reforms and immigration policies are creating uncertainty. The free movement of people in particular is key for top firms, say representatives of the country’s strongest economic regions. The canton of Zug is undisputedly the most attractive location to set up business in Switzerland, according to annual studies conducted by Swiss banks Credit Suisse and UBS. Its ranking is based on four main factors: financial conditions, skilled labour, transport links and stability. “These factors are also right at the top of firms’ agendas when it comes to choosing a location,” said Beat ...

These Are The "People" That Really Run Your State
Post Date: 2015-08-18 00:06:30 by HAPPY2BME-4UM
1 Comments
Back in June we showed you "who" really runs your state. By "who" we actually meant "what company", but since corporations are now people, we suppose it’s all the same. The map showed the largest corporations by revenue in each state and as we noted at the time, there were some surprises (Chevron, not Apple runs California; Costco, not Microsoft runs Washington, for example).  Below, we present a similar graphic only this time, it’s market cap rather than revenue that’s in focus and as you can see, some of the surprises have disappeared.  As Broadview Networks explains: You may have seen the Largest Companies by Revenue 2015 map we ...

ALTERNATIVE CURRENCY, SUPREME POWER - The IMF Threatens to Kill the U.S. Dollar
Post Date: 2015-08-17 23:53:53 by HAPPY2BME-4UM
6 Comments
According to Bloomberg and other sources, the International Monetary Fund is expected to announce a reserve currency alternative to the U.S. dollar on October 20th of this year, which experts say will send hundreds of billions of dollars moving around the world, literally overnight. This announcement is expected to trigger one of the most profound transfers of wealth in our lifetime. Bloomberg reports that this decision comes on the heels of China pushing for their own currency to be elevated to reserve currency status. So if you want to protect your savings & retirement, you better get your money out of U.S. dollar investments and into the one asset class that rises as currencies ...

Urgent Update From Jim Rickards
Post Date: 2015-08-17 17:17:18 by BTP Holdings
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Urgent Update From Jim Rickards The first shot has been fired, and the first “blood has been spilled.” Last week, China devalued its currency, the yuan, for three straight days -- sending the global financial markets into convulsions. (The Dow alone fell 250 points and snapped back 250 points all in a single day!) Rest assured... this currency war is just heating up, and it could devastate the savings of millions of Americans before it’s all over. But there is some good news... Jim Rickards has a way to use these currency wars to your advantage... His proprietary trading system has the power to deliver anywhere from 80-1,000% gains because of currency wars. ...

Marc Faber: Recession to Hit US
Post Date: 2015-08-17 17:14:15 by BTP Holdings
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Marc Faber: Recession to Hit US Image: Marc Faber: Recession to Hit US (iStock Photo) By FJ McGuire | Monday, 17 Aug 2015 09:04 AM Gloom, Boom & Doom Report publisher Marc Faber warns that the United States is on a collision course with a recession. And there won’t be any safe place to hide as an economic downturn sweeps the globe, said Faber, also known as “Dr. Doom” for his pessimistic outlooks. “I think there is a deceleration of economic activity everywhere,” he told Fox Business Network. “The U.S. has done relatively well, but also in the U.S. there are now cracks that are appearing… industrial production, new orders for durable ...

8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight
Post Date: 2015-08-17 10:45:56 by HAPPY2BME-4UM
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"Time is now rapidly running out," warns The Telegraph's John Ficenec as the British paper takes a deep dive into the dark realities behind the mainstream media headlines continued faith in central planning. Sounding very "Zero Hedge", Ficenec warns that from China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.   There are signs things could get a whole lot worse.. (via The Telegraph) 1 - China slowdown China was the great saviour of the world economy in 2008. The launching of ...

Investigation The System of Putin Dirty Money and State Collapse
Post Date: 2015-08-17 06:47:39 by Tatarewicz
0 Comments
correctiv The Leipzig State Court will soon make a ruling on a large corruption case. The prosecution accuses the US computer company Hewlett-Packard of paying at least 7.6 million Euros in bribes to Russian officials to secure a dominant position in the Russian market. But in reality, the documents reveal a much greater scandal. It was Vladimir Putin who enabled this corruption scandal. The bribe money from HP ensured Putin the loyalty of a clique of state attorneys. And helped him take control of the Russian judiciary. The Facts In November 1999, Vladimir Putin initiates the purchase of a computer network for the Russian Prosecutor General’s Office. US computer maker ...

American Malls In Meltdown - The Economic Recovery Is Complete & Utter Fraud
Post Date: 2015-08-16 21:38:05 by HAPPY2BME-4UM
19 Comments
Submitted by Jim Quinn via The Burning Platform blog, The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales increase of 2.4% is pitifully low in an economy that is supposedly in its sixth year of economic growth with a reported unemployment rate of only 5.3%. If all of these jobs have been created, why aren’t retail sales booming? The year to date numbers are even worse than the year over year numbers. With consumer spending accounting for 70% of our GDP and real inflation running north of 5%, it’s pretty clear most Americans are experiencing ...

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