Latest Articles: Business/Finance
‘War Dogs’ : The Real Spiel
Post Date: 2016-08-26 19:45:59 by Ada
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The comic biopic War Dogs starring Jonah Hill as Efraim Diveroli, the 22-year-old Miami Beach international arms dealer whose scandal was a nine days’ wonder in 2008, serves as a fun test of my instincts about how the world actually works. Eight years ago, I went out on a limb to predict that the stoner bro who won a $300 million Pentagon contract to supply AK-47 ammunition to the Afghan army wasn’t going to be the Bush administration’s Watergate or even its Iran-Contra. The more I looked into it, the less it smelled like a vast conspiracy implicating the entire military-industrial complex all the way up to Dick Cheney…and the more it seemed like a Jonah Hill movie. ...
Citi Strategist: Fed Has 'Almost No Ability to Offset a Shock' to Economy
Post Date: 2016-08-25 07:45:55 by BTP Holdings
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Citi Strategist: Fed Has 'Almost No Ability to Offset a Shock' to Economy Image: Citi Strategist: Fed Has 'Almost No Ability to Offset a Shock' to Economy (iStock Photo) Wednesday, 24 Aug 2016 08:14 AM Federal Reserve Board (FRB) officials are beset with fears they lack the policy tools to combat future cyclical shocks to the U.S. economy, an issue expected to be debated at the annual Jackson Hole summit later this week. The historically low Federal funds rate, the central bank's still-large balance sheet, and the U.S. economy's failure to fully recover from the last crisis all potentially dent the firepower of conventional monetary policy tools should a ...
Why The Clinton Foundation Is Gross
Post Date: 2016-08-25 06:52:16 by Ada
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The Clinton Foundation is back in the news because of the possibility that donors got special access to the Secretary of State, which has always struck me as the least-interesting argument for why the foundation is a problem. If a Lebanese-Nigerian billionaire wants to get a meeting with somebody high up in Washington because he’s got a favor he needs done, he’s going to figure out a way to get the meeting. And if the favor is innocuous, or somewhat nocuous but unlikely to be noticed, he’s going to get the favor done. Anybody who thinks otherwise, or that there is any meaningful difference between the parties on this score, is dreaming. No, the Clinton Foundation has been ...
The Blessing of Cash
Post Date: 2016-08-24 09:23:54 by Ada
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Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors. The negative rate will apply only to corporate customers, including mutual fund managers and pension funds, holding deposits of certain foreign currencies including euros. This means that RBS—in which the U.K. government still maintains a majority ownership stake since its 2008 bailout—will actually charge these customers to “borrow” their deposits. A few weeks ago, RBS notified more than one million small-business customers that they could also be charged for deposits if the Bank of England lowered the target interest rate, which now stands ...
At the Epicenter of the Next Debt Earthquake
Post Date: 2016-08-22 08:06:29 by BTP Holdings
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At the Epicenter of the Next Debt Earthquake Martin D. Weiss, Ph.D. | Monday, August 22, 2016 at 7:30 am (Go here for Martin’s 6-minute video in Italy.) Martin here, from Milan, Italy. Martin-Weiss This is the financial capital of Italy, and Italy is the third-largest economy of the European Union. Plus, it’s also the one country in the entire world with the most megabanks on the brink. Consider this bank behind me, for example, UniCredit SpA. We give it a Weiss Safety Rating of D, a reliable indication of a much higher-than-average probability of financial difficulties. And yet this bank has over $1 trillion in assets, making it one of the biggest in the world. But ...
Exports to China vital to U.S. economy, job growth: USCBC
Post Date: 2016-08-21 23:51:11 by Tatarewicz
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WASHINGTON, Aug. 18 (Xinhua) -- Exports of goods and services to China continue to play an essential role in the U.S. economy and job growth, according to a report released Thursday by the U.S.-China Business Council (USCBC). U.S. goods exports to China totaled 113 billion U.S. dollars last year, down from the previous two years, but China remained the third-largest export market for American goods, USCBC said in an annual report on U.S. state exports to China. The report noted that the rapid growth in U.S. services exports to China is an important new development of bilateral economic relationship. In 2014, the most recent complete year of available data, U.S. service exports to China ...
Make Government Great Again!...
Post Date: 2016-08-20 12:15:34 by BTP Holdings
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Hillary wants to use government to make government great again. In fact, Hillary wants to make Big Government even greater. But government doesn’t make anything great, not even itself. It is a necessary evil that always and everywhere is driven toward self-aggrandizement and mission creep by the politicians and special-interest lobbies that control its operations. What government actually does is thwart the capacity of the people to pursue their own vision of greatness by encumbering their economic lives with burdensome taxation, regulation, roadblocks to opportunity and monetary fraud. It saddles their public lives with endless nanny state impositions and encroachments upon their ...
Communist China turning workers into capitalists
Post Date: 2016-08-19 04:44:53 by Tatarewicz
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News Analysis: China pilots plan for SOE employee stock ownership BEIJING, Aug. 18 (Xinhua) -- China took another step in reforming its state-owned enterprises (SOE) with its decision to pilot an employee stock ownership plan (ESOP) in some state-holding enterprises, the country's top SOE watchdog announced Thursday. Qualified employees of selected SOEs in industries that are fully open to competition will be able to buy company stocks, according to guidelines released by the State-Owned Assets Supervision and Administration Commission (SASAC) of the State Council. The initiative aims to incentivize employees, as equity-holders, to work harder to improve company competitiveness. A ...
Is Saudi Arabia About To Cry Uncle In The Oil Price War?
Post Date: 2016-08-19 03:42:11 by Tatarewicz
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RT... The Kingdom is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers, leaving thousands of workers from South Asia with an uncertain future. When a nation is unable to provide food to its migrant workers, it says a lot about their financial condition. The oil price crash has forced the oil-rich Kingdom to introduce austerity measures, and delay payments to already cash-strapped contractors. “It looks like austerity has hit hard and more than we had anticipated, halting construction projects and stopping hiring,” said Jason Tuvey, Middle East economist at Capital Economics, reports the Financial Times. ...
YOUR STATE Could Go Belly Up, Sooner Than You Think
Post Date: 2016-08-18 21:11:23 by BTP Holdings
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In the last market crash, we had to worry about banks and brokers failing. But today, many STATES are in no condition to handle a recession and credit market collapse, S&P Global Ratings reports. An alarming number of states have meager budget reserves and could not survive the first year of an economic slowdown. This means YOUR state could go belly up at the first signs of the coming crash. Millions who rely on state pensions might not get a check and take to the streets. State and municipal bonds would plunge in value. And public assets like courthouses, symphony halls, and even police and firefighter headquarters, could be sold off to the highest bidder in a last-ditch attempt ...
FAITH MONEY and the Coming Collapse: New mini-documentary from the Health Ranger eviscerates govt. economic LIES... watch here
Post Date: 2016-08-17 19:51:19 by BTP Holdings
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FAITH MONEY and the Coming Collapse: New mini-documentary from the Health Ranger eviscerates govt. economic LIES... watch here Wednesday, August 17, 2016 by Mike Adams, the Health Ranger (NaturalNews) What you are witnessing in the stock market right now is an artificially induced bubble that's being desperately engineered to get Hillary Clinton elected in November. After the election, all bets are off, and a massive, systemic collapse of the global debt system is inevitable. That's because the artificial bubbles we are witnessing right now in the stock market, real estate and the bond market are all based mostly on faith, not economic fundamentals. And because faith is a ...
Obama Pushing for TPP: Misinformation and Big Lies His Strategy
Post Date: 2016-08-16 11:57:55 by Stephen Lendman
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Obama Pushing for TPP: Misinformation and Big Lies His Strategy by Stephen Lendman US trade deals are jobs-killing weapons of mass destruction. They destroy fundamental freedoms. They ignore eco-sanity. They’re abominations vital to end. America needs fair, not Orwellian free trade. Preventing TPP’s enactment into US law is crucial for all working-age Americans and their families. Obama intends going on the offensive publicly to get Congress on board for its passage. Last October, he touted it in his weekly radio address - featuring a litany of Big Lies, one of many examples of how he consistently betrayed the public trust throughout his tenure. He claimed (then and now) TPP ...
China cuts U.S. treasuries holding in June
Post Date: 2016-08-16 09:41:40 by Tatarewicz
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WASHINGTON, Aug. 15 (Xinhua) -- China, the top buyer of U.S. Treasury securities, cut its holding in June, the latest data from the U.S. Treasury Department showed on Monday. China shed its treasuries holding by 3.2 billion U.S. dollars in June, with the total holding at 1.2408 trillion dollars. The country added 1.2 billion dollars of U.S. treasuries in May, but cut the holding in April and March. Japan, the second largest foreign holder of U.S. treasuries, increased its holding by 14.5 billion dollars to 1.1477 trillion dollars in June. By the end of June, overall foreign holdings of U.S. Treasury securities increased to 6.281 trillion dollars from May's 6.2099 trillion dollars. ...
GOLD TO THRIVE IN A FIAT PONZI WITH NEGATIVE YIELD
Post Date: 2016-08-14 17:46:53 by BTP Holdings
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GOLD TO THRIVE IN A FIAT PONZI WITH NEGATIVE YIELD Posted by David Morgan on August 9, 2016 · I came across a very interesting article by David Rosenberg titled “Bonds are the new stocks and stocks are the new bonds”1 in which, Mr. Rosenberg made several astute observations: D. Rosenberg, “Bonds are the new stocks and stocks are the new bonds” Financial Post (22 July 2016) “…as the first of the boomers turn 70, [2016] was the year that for the first time ever, roughly $13 trillion of global government bonds slipped into a negative yield. Another $14.5 trillion reside between 0 per cent and 1 per cent. So consider that over three-quarters of the ...
EUROZONE ON THE BRINK: Germany set to be plunged into ECONOMIC CHAOS, expert warns
Post Date: 2016-08-14 06:17:47 by Tatarewicz
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Express... Germany's economy could be rocked by the historic Brexit vote The German Institute for Economic Research believes the after-shock of June's momentous Brexit vote could be felt in Berlin and beyond for years to come. Germany's economy will be affected more than other Eurozone countries due to its reliance on exports, according to staggering new research by the group. A spokesman said: "Even after two years, the gross domestic product will still be below the level it would have been without the shock of this uncertainty." Related articles Warning Deutsche Bank teetering on edge of CRISIS Now Merkel acts! Germany pledges to kick out foreign terror suspects ...
Stores to customers: "Cash not welcome here"
Post Date: 2016-08-13 14:49:20 by Ada
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To get a glimpse of the future of commerce in America, look no further than Sweden. The Scandinavian country is largely a cashless society, with consumers relying on mobile phone payments or plastic. While the U.S. is still far from achieving the same level of cash-free existence, increasing numbers of restaurants and retailers are now snubbing the lowly dollar bill. Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that cold Coca-Cola to roll down the chute. Are we headed towards a cashless society? Play ...
Iran wins another legal battle against Israel
Post Date: 2016-08-12 03:37:47 by Tatarewicz
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PressTV... Switzerland’s highest court has rejected an appeal by an Israeli company against a verdict to pay Iran money owed over a joint venture set up before the 1979 Islamic Revolution. A pipeline was jointly set up by the deposed regime of Mohammad Reza Pahlavi — Iran’s last monarch — and the Israeli company Eilat-Ashkelon Pipeline Co. (EAPC) in 1968 to carry Iranian oil to the Mediterranean. The venture was halted after the Iranian Revolution and the establishment of the Islamic Republic, which does not recognize the Israeli regime. The Israeli company has refused to pay back Iran’s share of the revenues from the joint venture. The Islamic Republic had been ...
Powerful Forces In The Russian Elite Want To Exit The US Controlled Global Financial System
Post Date: 2016-08-12 03:16:23 by Tatarewicz
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RI... "This group understands that neoliberal policies make Russia’s economy susceptible to destabilization by Washington if the US wants to punish the Russian government for not following Washington’s foreign policy. Their aim is to promote a more self-sufficient Russia in order to protect the nation’s sovereignty... ... Glaziev also wants the ruble’s exchange value to be set by the central bank, not by speculators in the currency market." According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, its ...
Alice in Wonderland Economics
Post Date: 2016-08-11 17:47:44 by BTP Holdings
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Alice in Wonderland Economics Boris Schlossberg | Thursday, August 11, 2016 at 4:30 pm Little wonder that Lewis Carroll was English, for there is no greater example of our Alice in Wonderland economy than the current state of the U.K. bond market. Let’s review. Two months ago, U.K. citizenry – much to the shock of everyone around, including themselves – decided to vote the country out of the European Union. Almost instantly, the low-information voters experienced buyer’s remorse in what is now being called Regrexit. But never mind. Cable collapsed. Business sentiment data saw the biggest drop on record and last night’s very important RICS report was a disaster. ...
Rockefeller's Death May Begin Total Economic Collapse
Post Date: 2016-08-11 01:12:42 by Tatarewicz
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PMF... Zharkov... The Rockefeller life span is about 95 years - this guy has lived beyond his time by virtue of the living organs of others who have kept him alive. David Rockefeller should have died 6 years ago. He won't last much longer. Maybe, if we are lucky, he will live long enough to see his New World Order totally destroyed. And then he dies. His life lived for nothing other than money, the printed paper now worthless except to those who have little of it. It's almost time for Rockefeller to die. Maybe tomorrow, maybe the day after? Or maybe not soon enough. His politicians have been failures. He is a man filled with hate for his fellow human beings. Rockefeller and ...
RBC analyst is upbeat about an increase in the death of pensioners
Post Date: 2016-08-09 09:11:38 by Ada
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"It is the increase in deaths at older ages (mostly post retirement) which would impact pension schemes positively." UNICEF The number of British people who die every year went up to about 530,000 in 2015, and that's good news for investors in the stock of companies with pension-fund deficits, according to Gordon Aitken, an RBC Capital Markets equity analyst. The increase in the number of deaths rose from a low of about 485,000 deaths in 2011. It is important to be clear that Aitken was not celebrating those deaths. Rather, in a July 7 note to investors, he was explaining how the death rate affects companies that are required to pay more cash into their under-funded pension ...
What’s Coming Is Going to Be a Mess
Post Date: 2016-08-09 08:46:02 by Ada
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The last two months alone have seen Britain leaving the European Union, terror attacks, cop killings, Deutsche Bank nearly collapsing, the German long-term interest rates set at negative, to name a few. But over the next couple of years, it’s going to get a whole lot worse. As economies worsen, there will be more social unrest, more angry people, and crazier politicians. Somebody will try to come along on a white horse to save us all, but she usually makes it worse. Are we at a point right now where it feels like it’s accelerating. People all over are very unhappy about what’s going on. If you read history, there are a lot of similarities between now and the 1920s and ...
Media React to Trump's Economic Proposal
Post Date: 2016-08-09 07:26:57 by Stephen Lendman
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Media React to Trump’s Economic Proposal by Stephen Lendman The Wall Street Journal’s deputy editorial page editor Dan Henninger loved it “on balance,” he said. More on his comments below. The one-sidedly pro-Clinton/anti-Trump media resoundingly turned thumbs down - notably The New York Times and Washington Post. According to Henninger, Trump addressed public angst over deplorable (Main Street) economic conditions, and the “60 - 70% of the American people think(ing) the country is on the wrong track.” “I think this was the first important step in a big uphill comeback for Donald Trump,” he said. “The question now is whether he will stay on ...
Iran eyes China ‘teapots’ to clip Saudi wings
Post Date: 2016-08-09 06:56:29 by Tatarewicz
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PressTV... China’s independent refiners are on board to get Iranian crude oil possibly for the first time as the Middle Eastern producer is targeting new markets following the removal of sanctions. The National Iranian Oil Company (NIOC) is reportedly in talks with the world’s second largest private oil trader, Trafigura, to step up oil shipments to China. Iran currently sells most of its crude oil directly to state-owned refiners in China under long-term contracts as well as through additional spot cargoes. Trafigura now wants to supply Iran’s Heavy crude grade to independent processors, known as teapots, which typically buy shipments at short notice and in small ...
Trump's Economic Plan
Post Date: 2016-08-08 12:32:54 by Stephen Lendman
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Trump’s Economic Plan by Stephen Lendman Here’s a snapshot courtesy of Bloomberg Politics. Specifics aside, promises and fulfillment most often diverge greatly. It’s easy to propose, hard to deliver, especially when intent falls short of campaign pledges. Then there’s Congress to contend with. Even public opinion occasionally has sway - rarely, but sometimes. Ahead of his August 8 economic policy address, Bloomberg said he’ll propose no new financial regulations until “significant (economic) growth” occurs. Earlier he said he’d repeal Dodd-Frank, erroneously touted financial regulatory reform - doing nothing to curb casino capitalism. He’ll ...
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