Latest Articles: Business/Finance
The Petrodollar Is in Trouble
Post Date: 2017-06-19 08:56:51 by Tatarewicz
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RT... The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost to produce oil as well as finance its national budget. The PetroDollar system was started in the early 1970’s, after Nixon dropped the Gold-Dollar peg, by exchanging Saudi Oil for U.S. Dollars. The agreement was for the Saudi’s only to take U.S. Dollars for their oil and reinvest the surpluses in U.S. Treasuries. Thus, this allowed the U.S. ...
AIIB to build a sustainable tomorrow for future generations
Post Date: 2017-06-18 05:23:48 by Tatarewicz
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(Xinhua) Jin Liqun, president of AIIB speaks on the Second Annual Meeting of the Board of Governors of the AIIB held in Jeju Island, South Korea, June 16, 2017. The 18-month-old Asian Infrastructure Investment Bank (AIIB) has won acclaim for its good work from representatives of all over the world at its Second Annual Meeting of the Board of Governors held here through Saturday. (Xinhua/Yao Qilin) The 18-month-old Asian Infrastructure Investment Bank (AIIB) has won acclaim for its good work from representatives of all over the world at its Second Annual Meeting of the Board of Governors held here through Saturday. The multilateral development bank (MDB), initiated by China and supported ...
Feature: China contributes to Cuba's development of alternative sources of energy
Post Date: 2017-06-18 05:03:18 by Tatarewicz
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Xinhua CIRO REDONDO, Cuba, May 30 -- Sugar cane has long been Cuba's cash crop, with the country becoming the largest sugar producer in the world and using it to bankroll its economy stretching back to the 19th century. However, a deep economic crisis after the collapse of the Soviet Union in the early 1990s caused the Cuban sugar industry to lose its main market, with many mills slowly falling into obsolescence. Years later, Cuba has a restructured industry adapted to its economic and production possibilities, and the Caribbean nation is seeking new alternatives for the sugar industry to be less reliant on fossil fuels to generate electricity. The island now plans to produce 24 ...
This is the best indicator yet that analysts were wrong about the gun industry
Post Date: 2017-06-17 08:45:23 by BTP Holdings
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This is the best indicator yet that analysts were wrong about the gun industry The Motley Fool Rich Duprey 13 hrs ago Overall Gun Sales Drop Under Trump, But Women Are Still Buying Video by CBS Sacramento Two years ago, the FBI reported that it conducted a record number of background checks on potential gun buyers in May, more than it had ever done before for that month. It would launch a 19-month-long streak that would culminate in more than 27.5 million background checks performed in 2016, 20% more than the year before and over two and a half times time the number conducted 10 years prior. While the November elections seemed to gut that growth, as December's background checks ...
Vladimir Putin: The Most Powerful Person In The World
Post Date: 2017-06-14 08:39:43 by Ada
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It must be wonderful being Vladimir Putin and being the most powerful person on earth. And not even have to say so yourself. The US Democratic Party is saying it for Putin along with the entirety of the Western presstitute media and the CIA and FBI also. The Russian media doesn’t have to brag about Putin’s power. Megyn Kelly, the Western presstitutes, and Western leaders are doing it for them: Putin is so powerful that he is able to place in office his choice for the President of the United States. I mean, Wow! What power! Americans are simply out of the game. Americans, despite a massive intelligence budget and 16 separate intelligence services plus those of its NATO vassals, ...
Coal Cronyism
Post Date: 2017-06-13 08:08:34 by Ada
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Wall Street writes a policy; Trump sells it to Appalachia as an elixir. Editor’s Note: This article is part of TAC‘s efforts to highlight the cozy relationships between government and business. To explore further, join us at our crony capitalism conference this Thursday in Washington, DC! Appalachia’s coal-mining towns are on a glide path to becoming the next Detroit, victims of a declining industry and disconnected politics. After the Democrats spent generations taking coal miners for granted, President Trump’s outreach is laudable. Unfortunately, the president’s promises end with cutting regulations—necessary but insufficient and cynical. This aids Wall ...
China Ride-hailing giant UCAR invests in electric carmaker
Post Date: 2017-06-13 02:04:53 by Tatarewicz
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(Chinadaily.com.cn) China's high-end ride hailing company UCAR Technology Inc has led a 2.2 billion yuan investment in the fledging electric carmaker Xpeng Motors, the two announced on Monday. The investment is the first UCAR has made since the car service provider set up a private equity fund of 10 billion yuan to invest in "synergy and forward-looking" projects. Xpeng Motors plans to mass produce its first model, an all-electric SUV, by the year end. The three-year-old company released the prototype in last September. Touting an internet gene, the Guangzhou-headquartered carmaker has executives from a band of internet players such as Tencent, Alibaba, Huawei and UC Web, ...
Nobel laureate heads Chinese institute on economics, AI application eyed
Post Date: 2017-06-12 04:25:00 by Tatarewicz
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BEIJING, June 11 (Xinhua) -- Nobel laureate in economics Thomas J. Sargent has been tapped to head a Chinese university institute to conduct teaching and research on economics including the use of artificial intelligence and big data in financial analysis. The Sargent Institute of Quantitative Economics and Finance was set up at the Peking University HSBC Business School (PHBS) in the southern Chinese economic hub of Shenzhen, said PHBS Dean Hai Wen. He said with the institute the school will start offering a Ph.D. program in quantitative economics and a Master's program in finance specialized in financial technology. Sargent, an American economist, was awarded the 2011 Nobel Prize ...
JIM ROGERS: The worst crash in our lifetime is coming
Post Date: 2017-06-10 10:16:41 by BTP Holdings
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JIM ROGERS: The worst crash in our lifetime is coming Business Insider Jacqui Frank 7 hrs ago © TheStreet Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of the video. Click for Full Text!
Without Glass-Steagall America Will Fail
Post Date: 2017-06-09 19:30:08 by Ada
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For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order to bail out the banks. This huge sum was insufficient to do the job. The Federal Reserve had to step in and expand its balance sheet by $4 trillion in order to protect the solvency of banks declared “too big to fail.” The enormous increase in the supply of dollars known as Quantitative Easing inflated financial asset prices instead of the consumer price index. This rise in ...
Fossil Fuel Divestment Would Cost Pension and Retirement Funds $5 Trillion
Post Date: 2017-06-08 09:25:06 by HAPPY2BME-4UM
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A move away from fossil fuel investments by 11 of the nation's major public pension funds would lead to a nearly $5 trillion shortfall over the next 50 years, according to a new report from University of Chicago professor Daniel Fischel. The report comes as environmentalists renew their push to get pension funds to divest from fossil fuels following President Trump's withdrawal from the Paris Accord. Elected officials in both New York state and New York City have pushed for both to rapidly divest their billions of dollars worth of fossil fuel investments. "By fully divesting New York City pension funds from coal, oil, and gas, we would take a prudent step toward protecting 1.5 ...
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job - See more at: http://investmentwatchblog.com/the-real-unemployment-number-102-million-working-age-americans-do-not-have-a-job/#sthash.04sqCFjC.dpuf
Post Date: 2017-06-06 08:56:16 by HAPPY2BME-4UM
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by IWB · Published June 5, 2017The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May the number of working age Americans without a job increased to just a shade under 102 million. According to the bureaucrats in the federal government, the “unemployment rate” in May was the lowest that we have seen in 16 years. At just “4.3 percent”, we are ...
Bitcoin rival ethereum hits record high rallying almost 3,000% this year
Post Date: 2017-06-06 03:16:12 by Tatarewicz
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RT... Bitcoin rival ethereum hits record high rallying almost 3,000% this year Chuvash women, wearing headdresses decorated with coins © Ilya Naymushin / Reuters The ethereum virtual currency reached an all-time high of $250.41 over the weekend amid growing interest in digital assets and increased trade in Asia. The value of ethereum is currently 30 times higher than the $8 price level it had on January 1. Read more Golfer at the foot of Mount Everest © Gopal Chitrakar / Reuters Alternative cryptocurrency ether reaches rarefied air On Monday, the cryptocurrency was trading slightly off its record high, at $247.16 as of 1:00 pm GMT. According to industry website CryptoCompare, ...
Hard Times Come to Much of Rural America
Post Date: 2017-06-05 07:44:42 by Ada
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Scarcity of capital for small businesses has accelerated the crisis described in “Rural America Is the New ‘Inner City’” by stunting the growth of young businesses. Businesses in rural towns are starving for equal access to capital that has benefited urban areas for decades. Scarcity of capital for small businesses has accelerated the crisis described in “Rural America Is the New ‘Inner City’” (page one, May 27) by stunting the growth of young businesses. Traditionally, a rural business owner or enterprising farmer who needed assistance to purchase farm or manufacturing equipment or even warehouse space would go to the community bank or farm credit ...
Pigs at the Trough
Post Date: 2017-06-04 10:01:00 by Ada
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I was thinking about writing a post containing the list of CEOs of major US corporations who have come out against Trump’s decision regarding the Paris Climate Accord. I am overwhelmed. I would make my life easier by writing a list of those who haven’t. I cannot let it go unsaid regarding one of these: Elon Musk. It is really hilarious to consider that he has no company without the government’s involvement in the climate. None of these CEOs is a climate expert; all of them publicly complain about regulation. You would think that this combination of characteristics would lead to either at best cheering the elimination of the horrendous regulatory burdens imposed by yet ...
Opinion: How globalization sunk many Americans deeper in debt
Post Date: 2017-06-04 08:14:08 by BTP Holdings
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Opinion: How globalization sunk many Americans deeper in debt MarketWatch Erik Loualiche 3 hrs ago © Provided by Dow Jones & Company, Inc. Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft. Even as U.S. policy makers continue to debate the relative advantages and drawbacks of globalization, it’s abundantly clear that international trade is not the benevolent force it was once thought. For all its promise of boosting incomes and strengthening growth, trade has had a disproportionately damaging impact on regions of the U.S. that have long depended on ...
Retirees flock to Latin America to live an upper-class lifestyle on $1,500 a month
Post Date: 2017-06-04 06:28:49 by HAPPY2BME-4UM
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UENCA, Ecuador To casual visitors, this colonial town in southern Ecuador looks like it was torn from the pages of history. With its cobbled streets, soaring cathedrals and bustling markets, it exudes a lazy, old world charm. But Cuenca is also on the cutting edge of a very modern trend: providing a safe haven for U.S. retirees who have found themselves unwilling — or unable — to live out their golden years at home. The growing wave of ex-pat seniors is not only upending notions about retirement in the hemisphere but reshaping the face of communities throughout the Americas. And the trend is expected to grow as waves of baby boomers exit the workforce ill-prepared for ...
OPEC, Russia & other producers to curb inventories to five-year average
Post Date: 2017-05-31 07:41:10 by Tatarewicz
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OPEC, Russia & other producers to curb inventories to five-year average Published time: 31 May, 2017 09:52 Get short URL The Organization of the Petroleum Exporting Countries (OPEC) and non-members are committed to reducing global oil inventories to a five-year average, said Saudi Energy Minister Khalid Al-Falih in Moscow on Wednesday. Read more Russian President Vladimir Putin (L), Saudi Deputy Crown Prince Mohammed bin Salman (R) © Pavel Golovkin Putin meets Saudi Prince after oil production cuts deal extension The goal could be reached in the very near future, he said at a meeting with his Russian counterpart Aleksandr Novak. Russian and Saudi energy ministers also said ...
Overpopulation Hoax
Post Date: 2017-05-31 07:36:28 by Ada
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In 1798, Thomas Malthus wrote “An Essay on the Principle of Population.” He predicted that mankind’s birthrate would outstrip our ability to grow food and would lead to mass starvation. Malthus’ wrong predictions did not deter Stanford University professor Paul Ehrlich from making a similar prediction. In his 1968 best-seller, “The Population Bomb,” which has sold more than 2 million copies, Ehrlich warned: “The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now.” This hoax resulted in billions of dollars being spent to fight ...
Bitcoin could hit $100,000 in decade, says analyst who predicted current high
Post Date: 2017-05-31 07:22:18 by Tatarewicz
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RT... In ten years, bitcoin could be worth 45 times its current value reaching over $100,000, says Kay Van-Petersen, an analyst at Saxo Bank. He had previously predicted the cryptocurrency at $2,000. Read more © Global Look Press Shadow Brokers offer new secrets to ‘high rollers & govts’ after helping create WannaCry The expert says all digital currencies will account for ten percent of the average daily volumes (ADV) of fiat currency trade in a decade. According to data from the Bank for International Settlements, foreign exchange ADV is currently fluctuating around $5 trillion. Consequently, in ten years the ADV cryptocurrencies could be worth $500 billion. ...
Inflation Isn’t Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs
Post Date: 2017-05-29 20:20:10 by Ada
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The Consumer Price Index (CPI) measure of inflation is bogus on a number of fronts, a reality I’ve covered a number of times: though the heavily gamed official CPI is under 2% for the past four years, the real rate is 7% to 12%, depending on whether you happen to live in locales with soaring rents/housing and healthcare costs. Revealing the Real Rate of Inflation Would Crash the System (August 3, 2016) The Disaster of Inflation–For the Bottom 95% (October 28, 2016) But the other reality is that inflation is not evenly distributed throughout the economy or populace: many people have little exposure to the crushing inflation of healthcare and higher education. For these people, ...
BITCOIN WARNING: When you want out, you won't be able to sell
Post Date: 2017-05-29 12:25:23 by BTP Holdings
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TheHealthRanger Published on May 24, 2017 Subscribe 139K The Health Ranger explains why most people who are speculatively holding Bitcoin will be unable to get OUT of Bitcoin when the next panic selloff begins. Getting IN is easy. Getting OUT is incredibly difficult, and only a few will be able to unload their Bitcoins at anything near the high price. Learn more at NewsTarget.com and RISK.news
"PETRIFIED": Is JPMorgan Preparing for a MASSIVE Silver Spike? | Bill Murphy
Post Date: 2017-05-29 11:46:39 by BTP Holdings
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SilverDoctors Published on May 23, 2017 Subscribe 15K sdbullion.com www.silverdoctors.com/precious-metals-market-podcast/ Silver is up $1 and gold up $100 off recent lows. What’s going on behind the scenes? Bill Murphy joins Silver Doctors to reveal... Murphy says JPMorgan is manipulating the price of silver. The silver market could get "chaotic" if it breaks through $21/oz. JPMorgan is "petrified," Murphy says.
The $5 TRILLION Silver Scam
Post Date: 2017-05-29 11:01:46 by BTP Holdings
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Poster Comment:The only way to beat them is to hold the physical metal. Granted, you would need a lot of room to hold a million dollars in silver. But I only have a small amount myself. This could be bigger than the gold market scam.
California Fracking Boom Set to Lift U.S. Production to New Record
Post Date: 2017-05-29 10:01:28 by HAPPY2BME-4UM
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by Chriss W. Street29 May 2017Newport Beach, CAThe California Division of Conservation has received a 543 percent increase in “Oil & Gas Notices” this year, as a Golden State fracking is set to lift the U.S. to a production record.Although California has some of America’s best shale formations for hydraulic fracturing, the oil drilling technique requires 1 to 13 million gallons of water. Due to the five-year drought, California missed the initial boom, but the combination of record rainfall, record snowpack, and full reservoirs this year has positioned California to lead the next leg of the fracking boom.The 2016 OPEC forecast predicted that lower prices would devastate ...
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