Latest Articles: Business/Finance
An invaluable lesson on wealth “Generation Crybaby” needs to learn
Post Date: 2016-07-05 07:30:51 by BTP Holdings
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An invaluable lesson on wealth “Generation Crybaby” needs to learn by Mark Ford From Mark Ford, founder, Palm Beach Research Group: The average Nicaraguan is born in a shack with a dirt floor. He earns roughly $90 per month. “E,” my handyman/gardener in Nicaragua, does better than that. He makes about $150 per month in salary and another $50 in tips and side jobs. In the U.S., E could earn that same monthly amount of $200 in two or three days. I don’t believe I’m personally responsible for this “inequality” of wealth. Nor do I believe that any government-sponsored effort to redistribute wealth would work. And yet, despite any good reason, I want ...
Loading Up on Cash and Gold Is the Only Way Out of This
Post Date: 2016-07-04 11:11:52 by BTP Holdings
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Loading Up on Cash and Gold Is the Only Way Out of This Image: Loading Up on Cash and Gold Is the Only Way Out of This (Dollar Photo Club) By John Mauldin Friday, 01 Jul 2016 11:17 AM Looking at the global economy today, you can’t help but notice several worrying developments. On the one hand, we have currency devaluations and negative interest rate policies: on the other, slow-to-no economic growth in both developed and developing economies. Even experienced investors don’t know what to make of today’s financial markets. Given the ongoing turmoil and the potential fallout, where is your money safe? Here's what investment legends James Grant and Grant Williams had ...
Gold Continues To Soar: How To Profit
Post Date: 2016-07-04 10:13:19 by BTP Holdings
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Gold Continues To Soar: How To Profit by Brandon Corby Friday, July 1, 2016 There is no denying that the markets are currently uncertain. Despite this, gold is continuing to soar high. How gold is currently performing Gold is currently trading at $1,324.90 per ounce, although it is currently trading -15% overall, the price of gold has been rising. The price of gold soared on the June 23rd, and had been steady since. p6.3 In fact, gold has been following this pattern for a while; in the past month, the price of gold soared at the beginning of the month and steadily rose. Despite a steep dip around June 20-23rd, gold prices have started to increase once more. p6.4 Charts show ...
More delays in export of surplus Alberta oil
Post Date: 2016-07-02 04:29:29 by Tatarewicz
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Court quashes Northern Gateway approvals, leaving pipeline’s fate in hands of Liberal government CALGARY – A decision to cancel approval for Enbridge’s Northern Gateway pipeline has implications for a wide range of other energy projects, such as Kinder Morgan’s TransMountain project and the Energy East initiative. The Federal Court of Appeal on Thursday overturned the previous Conservative government’s approval of the Enbridge Inc. pipeline, saying there was a lack of consultation with First Nations. It’s up to the Liberal government to now decide if it should be built. Lawyers said other companies looking to build energy infrastructure should take note. ...
The Collapse of Western Democracy — Paul Craig Roberts
Post Date: 2016-07-01 08:20:10 by Ada
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Democracy no longer exists in the West. In the US powerful private interest groups, such as the military-security complex, Wall Street, the Israel Lobby, agribusiness and the extractive industries of energy, timber and mining, have long exercised more control over government than the people. But now even the semblance of democracy has been abandoned. In the US Donald Trump has won the Republican presidential nomination. However, Republican convention delegates are plotting to deny Trump the nomination that the people have voted him. The Republican political establishment is showing an unwillingness to accept democratic outcomes. The people chose, but their choice is unacceptable to the ...
Nigeria signs billions in oil and gas deals with China
Post Date: 2016-07-01 02:55:45 by Tatarewicz
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AFP• The Nigerian government announced Thursday that it signed $80 billion worth in oil and gas deals with Chinese companies. Nigerian junior state oil minister and Nigerian National Petroleum Corporation (NNPC) head Emmanuel Kachikwu met Chinese investors in Beijing this week to attract money for upgrading the country's ageing and run-down refineries. Kachikwu's visit comes two months after President Muhammadu Buhari travelled to China and secured a $6 billion loan and currency swap deal to mitigate a looming recession and ballooning inflation in the West African county. Nigeria signed "MOUs with Chinese firms worth over $80 billion," the NNPC said in a ...
The Richest Person In Every State
Post Date: 2016-06-30 23:23:12 by HAPPY2BME-4UM
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In New York, the richest is lightning-rod industrialist David Koch. On the opposite coast, it’s Oracle founder Larry Ellison in California. Others will surprise. About one-fifth of the United States emerged as a question mark when we started, meaning that no one from those states was currently included in our annual chronicle of the world’s billionaires. With this in mind, a team of reporters (Dan Alexander, Kerry Close, Maggie McGrath, Chase Peterson-Withorn and Rebecca Spalding) examined the great fortunes of 10 states: Alabama, Alaska, Delaware, Idaho, Maine, Mississippi, New Mexico, North Dakota, South Dakota and Vermont. To compile this list, we not only tracked down ...
They’re all looking to violate you
Post Date: 2016-06-30 19:27:37 by BTP Holdings
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They’re all looking to violate you Posted on June 30, 2016 by GS Early It may not seem like it, but all of the following recent events deserve your attention regarding your online presence and privacy — which hackers, government, and corporate America all want to control and violate. Microsoft just bought LinkedIn (the Facebook of the corporate world) for $26 billion cash. The Russian government hacked the DNC opposition research on Donald Trump. The Pulse nightclub massacre in Orlando. The implications they represent are clear. If you’re online you can assume no privacy. This includes what happened in Orlando, as I’ll explain in a minute. The more industries ...
Janet Yellen Warms up the Helicopters
Post Date: 2016-06-30 18:48:17 by BTP Holdings
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Janet Yellen Warms up the Helicopters By Michael Covel Look, up in the sky! It’s a bird! It’s a plane! No, it’s… it’s… Janet Yellen in a helicopter with bags of cash. No kidding. That’s the Fed’s plan when the next recession hits. The Fed’s Dear Leader coming to the rescue with airdrops of free cash for everyone. What could possibly go wrong? At a recent press conference, Federal Reserve Chairwoman Yellen admitted that the Fed would consider using “helicopter money” in an extreme downturn. What’s “helicopter money”? It’s a phrase used to describe when governments print massive sums of money and then ...
What does Rahm Emanuel have to do with Brexit?...
Post Date: 2016-06-30 18:44:06 by BTP Holdings
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“You never want a serious crisis to go to waste.” That deathless phrase of Rahm Emanuel, former Obama stooge and current Chicago mafia boss, could soon be vindicated. Enter Brexit, the crisis du jour… Gold bug, tireless pessimist and Gloom, Boom & Doom Report editor Marc Faber was on Bloomberg yesterday. Here’s what he had to say about Brexit and not letting a serious crisis go to waste: “Global growth has contracted... growth rates have been reduced and many countries are in recession already. That has nothing at all to do with Brexit.” But here’s the meat: “If Brexit is used as an excuse, the central banks will print more money [and] QE4 in ...
Major oil discovery declared offshore Guyana
Post Date: 2016-06-30 09:51:08 by Tatarewicz
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IRVING, Texas, June 30 (UPI) -- A well off the coast of Guyana holds a find that, with as much as 1.4 billion barrels of reserves, is considered transformative, Exxon Mobil said Thursday. Steve Greenlee, president of the exploration division of Exxon, said a production test at the Liza-2 well in the Stabroek block off the coast of Guyana indicates the presence of between 800 million and 1.4 billion barrels of oil equivalent. The drill bit ran through more than 190 feet of oil-bearing material in a well drilled in waters about a mile deep. "This exploration success demonstrates the strength of our long-term investment approach, as well as our technology leadership in ultra, ...
EXPOSED: Hushed-Up Scandal Involving U.S. Dollar & Your Personal Bank Account
Post Date: 2016-06-27 20:11:31 by BTP Holdings
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ALERT: Trump And World Bank Confirm That The US Economy Will Collapse Before Obama Leaves Watch this shocking presentation the The CIA, FBI and NSA does not want you to see... before it gets shut down forever. Click on source link to view video. Poster Comment:What goes up, must come down. Follow the money and you will see who benefits.
Wheels Come Off as European Banks, British Pound, Bond Yields Crash
Post Date: 2016-06-27 19:02:37 by BTP Holdings
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Wheels Come Off as European Banks, British Pound, Bond Yields Crash Mike Larson | Monday, June 27, 2016 at 4:30 pm Friday and this morning, the wheels came off our stock market. The Dow Jones Industrial Average plunged 871 points in just two trading days, while the S&P 500 sank to a three-and-a-half-month low. The Nasdaq Composite tumbled more than 113 points after losing 202 points at the end of last week. But even that doesn’t speak to the carnage in select sectors and assets. > European banks were an epic disaster, with U.S.-traded ADRs like Deutsche Bank (DB), HSBC Holdings (HSBC), UBS Group (UBS), Barclays PLC (BCS), and Royal Bank of Scotland (RBS) crashing anywhere ...
Deutsche Bank: "There's No Escaping The Fact That This Is A Class War" (Helicopter Money Needed To Keep The Poor Happy)
Post Date: 2016-06-27 11:15:30 by Horse
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From DB's Jim Reid, who succinctly explains the "benefits" of 7 years of ZIRP, NIPR, Twist and QE... and leaves off with hopes for helicopter money. The shockwaves and consequences around Brexit will resonate for years. It's probably an understatement to say that most in financial markets regret the UK's decision to leave but we should respect the forces that have been pushing us towards what has always been an inevitable political accident sometime soon. I wasn't sure whether the Brexit vote was the one but I was pretty convinced one was coming and this is probably not the last. Spain yesterday started a general election cycle (more below but relatively market ...
The Economy Just Took a Euro?
Post Date: 2016-06-27 08:32:09 by Ada
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Okay, so, my last two articles have been kind of heavy. I think we could all use a great laugh right now. So, okay, the global economy. I see this whole Brexit thing and everyone is freaking out. I thought Brexit was some kind of new men’s cologne or something. Then I saw this. Wow, so Britain really pulled out of the European Union? And now every stock market is acting like it’s the Great Depression worldwide. Come on, man, I can smell this scam coming a mile away. Oh, wait, this is our European brethren talking: I can smell this scam a kilometer away. Let me guess. I would suppose at some point world banks are going to start whining about needing bailouts from various ...
Bravo Brexit!
Post Date: 2016-06-27 08:08:43 by Ada
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At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even possible. The central bankers and their compatriots at the EU, IMF, White House/Treasury, OECD, G-7 and the rest of the Bubble Finance apparatus have well and truly over-played their hand. They have created a tissue of financial lies; an affront to the very laws of markets, sound money and capitalist prosperity. After all, what predicate of sober economics could possibly justify $10 trillion of sovereign debt trading at ...
When You Dial 911 and Wall Street Answers
Post Date: 2016-06-26 19:13:24 by Ada
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Since the 2008 financial crisis, private equity firms have increasingly taken over public services like emergency care and firefighting, often with dire effects. A Tennessee woman slipped into a coma and died after an ambulance company took so long to assemble a crew that one worker had time for a cigarette break. Paramedics in New York had to covertly swipe medical supplies from a hospital to restock their depleted ambulances after emergency runs. A man in the suburban South watched a chimney fire burn his house to the ground as he waited for the fire department, which billed him anyway and then sued him for $15,000 when he did not pay. In each of these cases, someone dialed 911 and ...
More EU Lunacy: Robots Should Pay Social Security Taxes For The Pensions They Won't Get
Post Date: 2016-06-26 11:37:48 by Tatarewicz
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Forbes... As Otto von Bismarck pointed out, the law is like sausage: Often good and useful but something you really don’t want to watch being made. The European Union is trying to create a law concerning the rise of the robots as they come to steal all our jobs. One of the more ludicrous suggestions is that robots should pay social security taxes for all the social security benefits they won’t get. (A linguistics point: Social security in the U.S. means the retirement and disability insurance scheme. In Europe, it includes much more such as maternity pay, healthcare unemployment pay and they’re at least nominally paid for by taxes on earnings in much the same manner as ...
Central banks and your retirement finances
Post Date: 2016-06-24 23:35:33 by BTP Holdings
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Central banks and your retirement finances Posted on June 24, 2016 by Bob Carlson Are you ready for retirement? With the first third of the year behind us, let’s take a look at how different assets have performed so far in 2016. It has been a wild ride, but some trends are becoming apparent. The dominant theme, as has been the case for several years, is that central banks rule and roil the markets. The Federal Reserve and European Central Bank don’t have to take significant actions any more. They move markets and business behavior by making carefully worded statements. Currencies are what the central bankers most want to influence. Most now want to cheapen their own ...
Progressing from a waiter at Denny's to a billionaire - Pop In Video Gaming Pushes Nvidia CEO To Billionaire Heights
Post Date: 2016-06-24 22:02:41 by HAPPY2BME-4UM
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A dominating presence in the PC gaming market and a growing business in data centers have lifted graphics card maker Nvidia’s stock up 120% in the past year, and minted its co-founder and CEO Jen-Hsun Huang a new billionaire. With virtual reality gaming on the horizon, plus a slew of big titles set to be released in the fall (such as Mafia 3, Battlefield 1 and Call of Duty: Infinite Warfare), momentum is on Nvidia’s side to reach new record highs. Formerly a microprocessor designer at semiconductor company Advanced Micro Devices AMD +%, Jen-Hsun Huang started Nvidia NVDA -5.72% in 1993 with Chris Malachowsky and Curtis Priem. The trio aimed to create chips that could power full ...
Yixinou train: opportunity to export Spanish wines to China
Post Date: 2016-06-24 08:17:24 by Tatarewicz
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MADRID, June 23 (Xinhua) -- The Yixinou train, which runs between Madrid and the Chinese city of Yiwu, is an "opportunity" for Spain's wine sector, according to Ines Menendez de Luarca, Director of Food and Gastronomy of the Spanish Institute for Foreign Trade (ICEX). "We believe it can be a very interesting opportunity in terms of logistics, exporting wine to Yiwu and from there to distribute it throughout the country," Menendez de Luarca told Xinhua in an interview. The train, which makes the world's longest rail route, moving products from China to Spain and vice versa, "is a great opportunity to export our food products to China" according to ...
A Palace For Fannie (Mae)—–Why The Imperial City Must Be Sacked
Post Date: 2016-06-21 07:51:50 by Ada
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To hear the establishment media tell it, you would think that Attila the Hun was fixing to sack the Imperial City. Would that Donald Trump were that bold or dangerous. Then again, he is a showman of no mean talents. So if there is a maquette of Fannie Mae’s planned new $770 million headquarters somewhere around Washington DC, he could start the sacking right there. Hopefully, he would not hesitate to shatter it with a fusillade of tweets—-or even take a jackhammer to it while wearing a Trump hard hat. Fannie Mae is surely a monument to crony capitalist corruption, and living proof that massive state intervention in credit markets is a recipe for disaster. But rather than shut it ...
“DO NOT Buy a Single Ounce Of Gold Until You Read This…”
Post Date: 2016-06-20 19:29:53 by BTP Holdings
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“DO NOT Buy a Single Ounce Of Gold Until You Read This…” “...Because I’ve Discovered How You Could Have Turned Every $1 Move In Gold Into $192 of Pure Profit.” And we're betting $1,000,000 that this letter will make you rich Dear Reader, Hi, Jim Rickards here. If you’ve seen me on CNBC… Or watched the documentary about money that I starred in on the History Channel… Or read any of my best-selling books, including my brand-new The New Case For Gold… Or if you subscribe to my Strategic Intelligence monthly newsletter… Then you know that I believe gold will soon reach $10,000 per ounce. The math is simple. Once paper ...
The “Tyranny of the Ph.D.s”
Post Date: 2016-06-20 18:58:12 by BTP Holdings
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The “Tyranny of the Ph.D.s” By David Stockman During the last two decades the major central banks of the world have been colonized by Keynesian crackpots. These academic scribblers and power-hungry apparatchiks have now pushed interest rate repression, massive monetization (QE) and relentless rigging of the financial markets to the limits of sanity and beyond. Honest, market-driven price discovery is dead as a doornail. The very thing that financial history proves, above all else, is that governments can’t be trusted to honor their debts. In fact, modern welfare state democracies have a veritable fiscal death wish. What else can you call Japan’s announcement to defer ...
Iran, Boeing ink deal on sales of 100 airliners
Post Date: 2016-06-19 04:27:00 by Tatarewicz
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PressTV... Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing, for the purchase of 100 passenger planes to renew the country’s ageing fleet. Head of Iran's Civil Aviation Organization (CAO) Ali Abedzadeh told Iran Daily that the deal, which will hand over the planes to Tehran through financing, now awaits US government approval. "We have 250 planes in the country, 230 need to be replaced," said Abedzadeh, adding that there could be no precise timeline for the contract without US Treasury permission. He said the reported value of $17 billion for the contract was not final and that more details will be ...
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