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Latest Articles: Business/Finance
Saudi firm plans US shale gas investment
Post Date: 2015-07-27 08:52:15 by Tatarewicz
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PressTV... Saudi Arabia’s SABIC says it plans investment in US shale gas projects to source feedstock for its plants in the UK. According to CEO Yousef al-Benyan, SABIC has signed an agreement with Houston-based Enterprise Products Partners L.P. to use shale gas as feedstock in the US or other countries. The Saudi company has converted its cracker units in Britain to produce olefins and their derivatives. “The main areas in the US we are looking to invest in are the northeast and the south as they fit our overall expectations including government support, labor laws and unions,” Bloomberg quoted al-Benyan as saying. The official said SABIC was not planning yet to acquire ...
Black Gold May Be Down, but It's Not Out
Post Date: 2015-07-27 07:10:30 by Tatarewicz
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Ozy... Sure, oil prices have collapsed. That smells like a buying opportunity. Trading in oil can be pretty boring most of the time — at least until it’s suddenly, terrifyingly not. You’ll be surfing the crest of a growing global economy one day, then whammo! Fanatics fly jetliners into the World Trade Center, or tanks roll across the Kuwaiti border. Over the past 35 years, Andrew Hecht, an experienced commodity trader and author, has seen it all. And if he knows one thing, it’s that there’s a ton of money to be made if you bet right on the viscous black stuff. Indeed, there’s a reason they call it black gold. Just when it would seem crazy to bet on oil ...
“‘Sky-Fi’ — Silicon Valley’s $2.2 Trillion Breakthrough Bigger Than The Internet As We Know It”
Post Date: 2015-07-27 03:27:59 by Tatarewicz
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What's Street Authority's "little-known company" with a "near monopoly" on the next internet? Posted on July 20, 2015 by Travis Johnson, Stock Gumshoe WP Greet Box icon Welcome! If you are new to Stock Gumshoe, grab a free membership here and join us to get our free newsletter alerts with new teaser answers and debunkings. Thanks! Not new? Please log in at top right of this page The latest pitch for a “forever” stock from the Street Authority folks is all about how the next wave of internet adoption is going to make us all filthy, stinkin’ rich — and we don’t even have to buy an iffy little small cap wonder stock to bet on it. Sounds ...
Greece debt crisis outcome might fuel currency war in Asia
Post Date: 2015-07-26 02:29:56 by Tatarewicz
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Want... The euro rebounded on news that the Greek government under Prime Minister Alexis Tsipras has agreed to tougher austerity measures demanded by international lenders, but concerns have emerged of a possible currency war in the emerging market. Currencies of emerging markets, which have gone through consolidation in the past three months, have experienced volatility because of the latest developments in Greece. Currencies of the so-called BRICS nations–Brazil, Russia, India, China and South Africa–are expected to weaken further as a result, and the world will be closely watching the movement of the renminbi. The Russian ruble, which has been a "star currency" ...
$1.5 Quadrillion Time Bomb
Post Date: 2015-07-25 15:08:49 by Stephen Lendman
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$1.5 Quadrillion Time Bomb by Stephen Lendman When investing becomes gambling, bad endings follow. The next credit crunch could make 2008- 09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion - about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules ...
Amazon shares surge 20 percent, market cap surpasses Wal-Mart
Post Date: 2015-07-25 08:47:47 by HAPPY2BME-4UM
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Amazon shares spiked in early trading Friday after the online retailer blew past quarterly earnings and revenue estimates, boosted by growth in the North American market and cloud computing segment. Shares rose 20 percent, giving the retailer a larger market capitalization than bricks-and-mortar behemoth Wal-Mart. The surge also generated a huge windfall for CEO Jeff Bezos, who owns 83,921,121 shares of the company. At Friday's early prices, his fortune rose some $8.05 billion—a gain that by itself would be enough to put him in the world's 200 richest people. Poster Comment:============================================= People are even buying non-perishable foods from ...
Sino-Russian gas deal delayed indefinitely as economic ties cool
Post Date: 2015-07-25 01:33:42 by Tatarewicz
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Want... A deal for Russia to supply natural gas to China via the Power of Siberia-2, also known as the Altai gas pipeline, has been delayed indefinitely, reports Duowei News, a US-based Chinese political news outlet. Citing Russian media sources, the report said that negotiations on the western route from Russia's Western Siberia to northwestern China have stalled as the two companies involved, Russia's Gazprom — the largest extractor of natural gas in the world — and state-owned China National Petroleum Corporation are reviewing their options in light of slowing economic conditions. Under the original deal, Russia was to deliver 30 billion cubic meters (bcm) of gas a ...
China to build two nuclear power plants in Iran
Post Date: 2015-07-25 01:04:24 by Tatarewicz
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Want... China plans to build two nuclear power plants for Iran, according to the Shanghai-based Guancha Syndicate. After sanctions on Iran's nuclear program are lifted, two power plants are planned to be built by China on the Makran coast near the Gulf of Oman, stated Ali Akbar Salehi, the head of Atomic Energy Organization in Iran (AEOI). The country hopes to bring in over 20,000 workers and engineers in the construction project, according to the report. Salehi stated that Iran has over 90 tons of water reserves and 7 to 8 tons of uranium to support the construction project. Behrous Kamalvandi, the spokesman of AEOI added that Iran is hoping these two nuclear plants could produce 190 ...
A Fatal Flaw in the Financial System ...
Post Date: 2015-07-24 17:25:24 by BTP Holdings
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A Fatal Flaw in the Financial System ... Now that Greece's creditors have loaned the country billions to pay them back, its banks are back in business. However, nearly a month after Greece defaulted on its debt, its financial markets are still shuttered. But today's vote to approve the next set of bailout measures could clear the way for the Athens Stock Exchange to reopen next week. For now, a crisis seems to have been averted. But before you dismiss the turmoil we saw in the global markets this summer, there is something you need to know about the Greek default — something other media outlets have failed to report. There is nothing to fear in the fallout from ...
RIP Honest Money
Post Date: 2015-07-24 17:16:08 by BTP Holdings
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As the U.S. dollar is rising to new highs. Signs of a recession continue which means at some point the dollar should weaken and gold should regain its bull market. . . . and from Seth Lipsky, in an editorial in The Wall Street Journal on July 22nd: "July 23 marks the 50th anniversary of the Coinage Act of 1965, which stripped U.S. coins of silver and made legal tender out of base metal slugs. It's an anniversary that comes at an apt time, as Congress considers monetary reform." "The anniversary of the 1965 Coinage Act is a reminder of why reform is needed. Speaking from the White House Rose Garden, President Lyndon B. Johnson called the law he signed a 'very rare ...
Central Banks and Our Dysfunctional Gold Markets
Post Date: 2015-07-24 11:27:48 by Ada
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Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market is vulnerable to manipulation through short-term rigged market trades, and long-arm central bank interventions. First, much of the gold that is being sold as shares, in certificates, or for physical hoarding in dubious “vaults” just isn’t there. Second, paper gold can be printed into infinity just like regular currency. Third, new electronic gold pricing — replacing, as of this past February, the traditional five-bank phone-call of the London Gold Fix in place since 1919 — has not necessarily proved a more trustworthy model. ...
JUST THE BEGINNING - 12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession
Post Date: 2015-07-22 11:41:05 by HAPPY2BME-4UM
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Did you know that the percentage of children in the United States who are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets. And without a doubt, one is coming very shortly, but let us not neglect the long-term economic collapse that is already happening all around us. In this article, I am going to share with you a bunch of charts and statistics that show that economic conditions are already substantially worse than they were during the last financial crisis in a whole bunch of different ways. Unfortunately, in our 48-hour news cycle ...
SLEEPER STORY OF THE YEAR - MERKEL OWES PUTIN MORE THAN YOU KNOW
Post Date: 2015-07-21 14:19:37 by HAPPY2BME-4UM
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..a last minute rejection by Putin that lead to the Greek government's capitulation, and the expulsion of Varoufakis who most certainly was the propagator of this plan. It also means that Merkel suddenly has a massive debt of gratitude to pay to Vladimir, whose betrayal of the Greek "marxists" is what allowed the Eurozone to continue in its current form. The question then is what is Vlad's pro quo in exchange for letting down the Greek government (and handing over its choicest assets to the (s)quid), whose fate was in the hands of the former KGB spy. Back in January, when we reported what the very first official act of open European defiance by the then-brand new ...
BRICS Bank Opens for Business
Post Date: 2015-07-21 12:54:42 by Stephen Lendman
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BRICS Bank Opens for Business by Stephen Lendman Its Shanghai-based New Development Bank (NDB) represents the beginning of a significant challenge to predatory Western financial institutions - the IMF, World Bank and other loan shark lenders of last resort. The IMF was established to stabilize exchange rates linked to the dollar and bridge temporary payment imbalances. The World Bank's mandate was to provide credit to war-torn developing countries. Both bodies proved hugely exploitive - using debt entrapment to transfer public wealth to Western bankers and other major creditors. Debtor nations are forced take new loans to service old ones - assuring rising peonage and ...
Another Backroom Deal, Retirees Screwed Again
Post Date: 2015-07-18 12:11:03 by BTP Holdings
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Another Backroom Deal, Retirees Screwed Again Dear Daily Reckoning Reader, Fair warning: If you’re about to retire or are already retired, you should know about a dangerous new deal being negotiated in Washington, D.C., right now. Some of the most “powerful” men and women in finance (ha!) have recently met behind closed doors to work out the details... and they constructed a deal that could ruin the lives of millions of Americans. This meeting has never been discussed in the mainstream media. Our guess is the “authorities” wanted to keep this under wraps to prevent a general panic. Luckily, our inside man, Jim Rickards, was in Washington at the time the ...
Wall Street Ratings Lies, Money-Printing and Earnings
Post Date: 2015-07-18 11:58:38 by BTP Holdings
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Wall Street Ratings Lies, Money-Printing and Earnings Money and Markets | Saturday, July 18, 2015 at 7:30 am Here’s a quick, executive summary of stories from this abbreviated trading week, with a link to the full articles online. Wall Street Ratings: Lies, Lies, Lies Don’t get caught in deceptions, the biggest of which just might be the whole ratings saga out of Wall Street. Martin D. Weiss takes a hard look at the issue. Click here. Vehicles Rev Up on Battery Power Electrical power continues to invade an industry that is built on horsepower braggadocio and sexy sheet metal. What’s the future for battery power and the auto industry? Jon Markman investigates. ...
Inside America's Next Financial Crisis
Post Date: 2015-07-18 11:50:57 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 ...
Biggest Ponzi Scheme in History to Crash
Post Date: 2015-07-18 11:45:26 by BTP Holdings
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Beginning with Charles Ponzi, the world has had its fair share of Ponzi schemes. Most of these have been localized and have never affected more than a small percentage of the population. But what if a whole country itself was built on a Ponzi scheme? And what if that Ponzi scheme were about to collapse? We’ve just put the finishing touches on a video presentation that exposes the truth about the world’s biggest Ponzi scheme ever and why we believe it’s about to crash. It’s a serious threat to our economy and the markets…one all investors should know about. I urge you to watch our video, “Biggest Ponzi Scheme in History to Crash,” before it’s too ...
4 Billionaires are Extremely Worried that America’s Next Big Financial Crisis is Coming Soon
Post Date: 2015-07-18 11:35:14 by BTP Holdings
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4 Billionaires are Extremely Worried that America’s Next Big Financial Crisis is Coming Soon 04.01.2015 BY Mike Palmer, Stansberry Research This story is developing quickly. If you are worried about the possibility of another large scale U.S. financial crisis, you are not alone. In recent months, four super-successful billionaires have gone on record with warnings that we are now living in perilous financial times. Andy Redleaf, for example, is a successful hedge fund manager, who accurately predicted the last major financial panic in America. Just before the last big financial crisis in America, Redleaf prophetically wrote to his clients in December 2006 that: ...
Peter Schiff Defends 'Outlandish Predictions'
Post Date: 2015-07-17 17:07:22 by BTP Holdings
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Peter Schiff Defends 'Outlandish Predictions' By Robert Feinberg | Friday, 17 Jul 2015 08:09 AM CNBC Futures Now panelist Scott Nations took on one of this writer’s favorite commentators, Peter Schiff, of Euro Pacific Capital, over what Nations considers “outlandish predictions.” Nations contends that if “price is truth,” futures are pricing in a 75% chance of a rate hike by December, with further increases going forward. Schiff quipped that “in 2007 the market was saying subprime mortgages were good and trading them above par,” so everybody got it wrong. "I doubt the Federal Reserve is going to raise rates," Schiff said. ...
China May Rise as Major Exporter of Iranian Oil After Nuke Deal
Post Date: 2015-07-17 07:38:02 by Tatarewicz
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Sputnik At first sight it may seem like the Iranian nuclear deal has no impact on Chinese economy, but Beijing has hailed the agreements reached in Vienna on July 14. Jin Canrong, the vice-principal of the Institute of International Relations of the People's University of China, told Sputnik, that China may now become a major exporter of Iranian oil in the world. Canrong noted that the Vienna agreement gives Iran a chance to address the issue of economic sanctions as the Iranian economy is in a dire state currently. An Iranian oil worker makes his way through Tehran's oil refinery south of the capital Tehran, Iran, Monday, December 22, 2014. © AP Photo/ Vahid Salemi Iran ...
IS IT REAL? - US Senator: Go to an ATM…draw out everything
Post Date: 2015-07-16 09:34:38 by HAPPY2BME-4UM
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US Senator: Go to an ATM…draw out everything Why would one of the most powerful senators in DC beg his wife to go to an ATM and take out everything it would let her? According to reports, Richard Burr – now the Chairman of the Senate Intelligence Committee – called his wife on a Friday night to tell her he wasn’t coming home for the weekend. Then he made a disturbing request: “Tonight, I want you to go to the ATM machine, and I want you to draw out everything it will let you take.” SEE ALSO: The strange reason America’s ATMs are about to shut down… He ...
Bitcoin's price likely to fall soon after 7 month surge
Post Date: 2015-07-16 01:56:39 by Tatarewicz
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Want... Bitcoin's price is likely to fall as Greece had reached an agreement with European leaders for a possible bailout as well as the upward movement on the Chinese stock market, reports Chinese-language Beijing Business Today. Bitcoin's price has been surging over the past few months, with peak value surpassing 30% the latest four trading days. The unit price had risen to 2,222 yuan (US$358) from 1700 yuan (US$274) since July 10. The transaction volume has hit 400 million yuan (US$64.5 million) on average per day. According to Tu Jun, co-founder of China's bitcoin spot trading platform Huobi, there were several times since mid-June that Bitcoin's price fluctuated more ...
IMF: Greek Debt Untenable
Post Date: 2015-07-15 06:05:41 by Stephen Lendman
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IMF: Greek Debt Untenable by Stephen Lendman Overwhelming Greek debt is a time bomb sure to explode. It's unsustainable. It's just a question of when the Hellenic Republic implodes - crushed under the weight of a deepening financial burden no nation can bear indefinitely - especially ones with no control over their monetary and fiscal policies. Brussels and Frankfurt run things - a policy designed for predation. Strong nations like Germany and France wage financial war on weak ones like Italy, Spain, Portugal, Greece and others - stealing their wealth, assets and enterprises, harming ordinary people most, colonizing the countries for profit. Even the Bretton Woods established/US ...
The Iran Deal's Undisputed Winner
Post Date: 2015-07-14 16:45:11 by BTP Holdings
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The Iran nuclear deal is done. With the prospect of Western sanctions soon lifting, everyone is trying to figure out the financial impact. To the Tehran bureau chief of The New York Times, it means getting reimbursed for expenses will be a lot easier... The price of crude is moving little in response to the deal. At last check, a barrel of West Texas Intermediate fetched $52.18. Brent, the international benchmark, has slipped about 40 cents, to $57.47. As our Byron King reported via his contacts more than a month ago, Iran has at least 34 supertankers of oil loaded and ready for delivery once sanctions are lifted -- about 50 million barrels in all. How soon it comes on the market, ...
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