Latest Articles: Business/Finance
Is an economic depression likely now?
Post Date: 2016-03-17 19:11:15 by BTP Holdings
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Is an economic depression likely now? By Mike Burnick, Weiss Research Larry Edelson — the Weiss Research Senior Analyst who accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says that a great global depression is now likely. Edelson, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading spread to Japan and the United States. RELATED: Best investments as European economy declines “Everything in nature moves in regular, rhythmic, predictable cycles,” says Edelson. “From the rising and setting of the sun and ...
Fed Stands Pat, Blames the Rest of the World
Post Date: 2016-03-16 21:07:23 by BTP Holdings
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Fed Stands Pat, Blames the Rest of the World Mike Larson | Wednesday, March 16, 2016 at 4:20 pm Don’t look at us. It’s the rest of the world’s fault! That was the loud-and-clear message coming from the Federal Reserve today. I say that because policymakers took a pass on raising short-term rates from the current 0.25-0.5% range, despite sounding relatively optimistic about the domestic economy. Specifically, the post-meeting statement said that “household spending has been increasing at a moderate rate,” that the “housing sector has improved further” and that there has been “additional strengthening of the labor market.” It also said that ...
We Are Being Killed On Trade – Rapidly Declining Exports Signal A Death Blow For The U.S. Economy
Post Date: 2016-03-16 11:14:38 by christine
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Exports fell precipitously during the last two recessions, and now it is happening again. So how in the world can anyone make the claim that the U.S. economy is in good shape? On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the current crisis, and I am going to discuss another one today. Since peaking in late 2014, U.S. exports have been steadily declining, and this is something that we never see outside of a major recession. On the chart that I have shared below, the shaded gray bars represent the last two recessions, and you can see that exports of goods and services plunged dramatically in both instances… Click for ...
Phantom Sales Surge Goes “Poof” — Is it Cause for Worry?
Post Date: 2016-03-15 19:18:37 by BTP Holdings
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Phantom Sales Surge Goes “Poof” — Is it Cause for Worry? Mike Larson | Tuesday, March 15, 2016 at 4:20 pm Remember that surge in retail sales to start the year off? The one that the bulls on Wall Street cited as proof the consumer is in great shape? Never mind. Government bean counters now say it didn’t happen. Specifically … we just learned that … Sales didn’t rise 0.2% in January. They actually dropped 0.4%. The “core” sales figure that’s used to calculate GDP? It didn’t surge 0.6% as previously reported. It climbed only a third of that, or 0.2%. Sales estimates were revised down for electronics … appliances … building ...
We Are Headed Toward a Cashless Society?
Post Date: 2016-03-15 09:37:39 by Ada
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In this article, Claudio Grass, Managing Director at Global Gold Switzerland, talks to economist and Mises Institute Senior Fellow Thomas DiLorenzo. This exclusive interview covers central bank monetary policies, Keynesian economics, the economic“recovery,“ political correctness, and much more. Claudio Grass: Thomas, it is an honor to have this opportunity to talk to you. I am also pleased to announce that you will be delivering the keynote speech at the BFI Inner Circle Wealth Forum in Florida on April the 18th and 19th. Let’s get started! Given the limited impact of loose monetary policy thus far, where do you think we are headed on the central bank front? Do you think ...
Donald Trump reveals simple plan to help every American earn more money
Post Date: 2016-03-13 16:39:09 by BTP Holdings
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Donald Trump reveals simple plan to help every American earn more money By Michael Pearson, Faith Karimi and Joe Sutton, CNN Updated 8:11 AM ET, Sun March 13, 2016 Can Americans double or even triple their incomes this year? Donald Trump Speaks to a packed New Hampshire audience detailing his Income For Americans Plan. (CNN) --Speaking before a packed auditorium Donald Trump revealed the secret economic plan behind his "Make America Great Again" initiative. "It's no secret that the Average American is earning less today than they were before the 2008 recession." Stated Mr. Trump. "The reason is simple. There are people who know how to make money very ...
The Financial System Is A Larger Threat Than Terrorism
Post Date: 2016-03-13 10:52:50 by Ada
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In the 21st century Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, that remain undefeated after 15 years. All this time the financial system, working hand-in- hand with policymakers, has done more damage to Americans than terrorists could possibly inflict. The purpose of the Federal Reserve and US Treasury’s policy of zero interest rates is to support the prices of the over-leveraged and fraudulent financial instruments that ...
European hopes of cheap Iran oil dashed
Post Date: 2016-03-13 07:47:29 by Tatarewicz
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PressTV... Analysts say Iran which has learnt to live with low oil prices for years might be waiting for them to pick up. European hopes of securing cheap deals for imports of crude oil from Iran are apparently dashed, with some big buyers complaining that the country was refusing to budge on its terms. Those companies had been salivating for long at the prospects of Iran opening its oil floodgates to the market when sanctions were lifted on the country. With that date having come and gone by about two months now, European major buyers say Tehran is unwilling to loosen its terms. Ahead of the lifting of sanctions, Western media had generated high expectations of an Iranian urge to get ...
Hillary’s Scary New Cash Tax
Post Date: 2016-03-13 07:46:52 by BTP Holdings
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Hillary’s Scary New Cash Tax Editor’s Note: Today, the Daily is pleased to welcome back Casey Research Director and longtime PBRG friend Brian Hunt. In Brian’s urgent message below, he shows you how the government is planning a secret new tax. It involves a new way of taking money directly from your bank account... Brian Hunt From Brian Hunt, director, Casey Research: Have you heard of “negative interest rates?” It’s become a phenomenon with economists and the media. There’s a good chance you’ve read an article about it. We’ve covered it many times in the Casey Daily Dispatch. I’m writing to tell you something about negative interest ...
Iran’s oil exports hit 2 million bpd
Post Date: 2016-03-13 06:07:29 by Tatarewicz
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PressTV... Minister of Petroleum Bijan Zangeneh says he expects Iran’s crude oil exports to hit 2 million barrels per day (bpd) in the current Persian month of Esfand which ends on March 20. The country exported 1.75 million bpd last month, the largest since 2012, which came after the lifting of sanctions on the country, the minister told reporters on Sunday. “In the past month of Bahman, we managed to export 1.75 million bpd of crude but this figure will reach 2 million bpd in the month of Esfand. Hence, we are expecting the volume of our crude oil exports to touch 2 million bpd in Esfand,” he added. Zangeneh also said Iran would take part in discussions on a possible ...
The Gold Rush … The Loser Leases … Panic Buying
Post Date: 2016-03-12 21:09:31 by BTP Holdings
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The Gold Rush … The Loser Leases … Panic Buying The Money and Markets Team | Saturday, March 12, 2016 at 7:30 am Here’s a summary of stories from this past trading week, with a link to the full articles online. The Eight Trillion-Dollar Trap Question: If there’s another financial catastrophe, can the government save the day again? Until recently, nearly all experts would have responded with a stubborn “yes.” Now though, they’re not so sure. And some astute analysts are saying the true answer is a flat “no.” So Dr. Martin Weiss says, you can’t depend on anyone else — especially the government — to protect your assets. You have ...
An Accountant’s Case for Gold
Post Date: 2016-03-12 13:36:35 by BTP Holdings
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An Accountant’s Case for Gold By Jody Chudley To get my accounting designation, I served six years working for a public accounting firm. Tax returns, inventory counts and auditing… oh, the auditing. I can’t really say that I enjoyed the experience. But it was a necessary step in my career — and I actually learned a thing or two about the importance of stocking away cash… and gold. Here’s what I mean… Back then, I was assigned to the audit team that was responsible for auditing 47 different municipal offices located in various tiny Manitoba towns. When I say tiny towns, I mean tiny towns. Chances are you haven’t been to Manitoba. We are like ...
All Are Wounded by War
Post Date: 2016-03-12 07:18:28 by Ada
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So I saw this article in the news talking about how the Wounded Warriors Project charity that works for injured U.S. military personnel and veterans is under scrutiny for alleged financial oopsie-daisies like lavish parties and so on. In other words, they were using the donations for a bit more than wounded warriors. But my question is this: Why is this any different than anything else along these lines? Humor me for a moment here. How is this different than Veteran’s Day Sales and Memorial Day Sales? Think about it for a minute. Better yet, let’s have some truth in advertising: “Come celebrate the deaths of millions of human beings and the use of two nuclear weapons with ...
Grab the Dramamine — Volatility is Here to Stay
Post Date: 2016-03-11 22:32:31 by BTP Holdings
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Grab the Dramamine — Volatility is Here to Stay Mike Larson | Friday, March 11, 2016 at 4:20 pm I don’t know about you. But I could sure use some Dramamine after this week. Or even the past 36 hours, for that matter. Down. Up. Down. Up. The stock market pretty much lost its marbles judging by the wild swings in the hours leading up to the European Central Bank’s policy announcement, and the hours after it. Just consider this: Futures on Germany’s benchmark DAX Index jumped from around 9,700 before the news came out to within a whisker of 10,000. Then they plunged a whopping 600 points to 9,400 in just a few hours. Then investors decided things weren’t so bad ...
Inventories Still Piling Up Amid Sales Slump
Post Date: 2016-03-10 19:43:05 by BTP Holdings
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Inventories Still Piling Up Amid Sales Slump Mike Larson | Wednesday, March 9, 2016 at 4:25 pm If you’re a corporation, you don’t want to make something that’s just going to sit on a shelf somewhere gathering dust. Trouble is, the latest economic data shows that’s exactly what is happening. We just learned this morning that wholesale inventories rose 0.3% in January, rather than decline by 0.2% as economists expected. Last month’s reading was revised to unchanged from a decline of 0.1%. Meanwhile, wholesale sales tanked 1.3%. That was more than twice the 0.6% drop in December, and the sixth decline in the last seven months. A bad sign for the economy. As a ...
Bloody Wednesday June 15, 2016 AMERICA’S DAY OF RECKONING
Post Date: 2016-03-09 19:21:39 by BTP Holdings
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Bloody Wednesday - June 15, 2016 - AMERICA’S DAY OF RECKONING FREE REPORT reveals: What you must do immediately - BEFORE April 23rd - to protect and preserve your wealth ... What you can do NOW to grow up to 6 times richer when it all hits the fan ... Click here to get your free report. clicks.aweber.com/y/ct/?l=6pvyI&m=JKCO4gJWdJhpFL&b=_RFgIe_MwQv_wz527EYH6A Fellow Investor, On Wednesday June 15, 2016 ... behind closed doors in Washington D.C. ... an event will take place that will change everything in your life. If history serves as a guide, it will trigger outright chaos and panic in every corner of the financial world: The first blow will hit the U.S. bond market, ...
Obama: “America’s Pretty Darn Great Right Now”...
Post Date: 2016-03-07 19:41:12 by BTP Holdings
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Obama: “America’s Pretty Darn Great Right Now”... By David Stockman The Bureau of Labor Statistics (BLS) is now churning out so many lies that it might as well be made an arm of the Democratic National Committee... The BLS claims the economy added 242,000 jobs in February. But the Labor Department bureaucrats did not go out and actually count 242,000 new jobs or even extrapolate them from a valid, scientific sample survey. They never even left their cushy offices. They just plucked these numbers from a computer model! They just fit a projection line to the trend of the last several years, then gussied up the results with even flakier seasonal maladjustments, ...
Peter Schiff: Hillary Clinton will Bankrupt America
Post Date: 2016-03-07 07:15:14 by BTP Holdings
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Peter Schiff: Hillary Clinton will Bankrupt America The Real Crash by peter d schiff Claim your FREE copy of this special edition of Peter Schiff's bestselling book, The Real Crash, 2016. Related Content China's Big Treasury Dump Should Scare Americans Peter Schiff: Social Security Could Implode in 2016 Peter Schiff: Brace for an Economic Pearl Harbor Peter Schiff: President Obama Lies about America Paying its Bills Peter Schiff warns that a Clinton victory in 2016 could help facilitate a system-wide collapse in the United States. Find out why history could view Clinton as the Grim Reaper in this exclusive interview with Wall Street Daily. BUSINESS WIRES By Wall Street Daily ...
The single wisest thing you can do with your money
Post Date: 2016-03-06 20:06:30 by BTP Holdings
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The single wisest thing you can do with your money Editor’s Note: Today, the Daily is pleased to welcome back Casey Research founder and longtime PBRG friend Doug Casey. Below, Doug shows you the exact way to get the most out of your money… and a fool-proof way to keep it coming. From Doug Casey, founder, Casey Research: There’s a great deal more to becoming rich than buying the right investments and hoping for the best. The most important element in your strategy to win the battle for investment survival is your own psychology. You’ve heard that your attitude helps your health and your golf score. It’ll also improve your earning power. It’s not enough to ...
It's Official: Canada Has Sold All Of Its Gold Reserves
Post Date: 2016-03-06 11:58:34 by BTP Holdings
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It's Official: Canada Has Sold All Of Its Gold Reserves Submitted by Tyler Durden on 03/03/2016 19:34 -0500 One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds. As we noted, the decision to sell came from Finance Minister Bill Morneau’s office. “Canada’s gold reserves belong to the Government of Canada, and are held under the name of the Minister ...
Peter Schiff: Americans Should be Stockpiling Bullets…
Post Date: 2016-03-06 10:58:59 by BTP Holdings
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Peter Schiff: Americans Should be Stockpiling Bullets… The Real Crash by Peter D Schiff Claim your FREE copy of this special edition of Peter Schiff’s bestselling book, The Real Crash, 2016. Bestselling author Peter Schiff believes that the United States could soon be forced into bankruptcy. Can you survive for six weeks without a grocery store, potable water, or power? BUSINESS WIRES By Wall Street Daily Sunday March 6, 2016 New financial evidence proves that Americans are scared. Their fear is manifesting on the balance sheets of gun/ammunition manufacturers. Put simply, business is booming. Firearms maker Sturm, Ruger & Co. (RGR) nearly doubled profits in the ...
How It’s Really Done
Post Date: 2016-03-04 18:04:01 by Ada
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In the old days, you would gradually provide for your retirement by saving money, either stashing cash under the floorboards or at a bank. By the term “in old days”, I actually DO mean all the way back to dinosaurs, who did NOT save for their retirements (which you can easily prove for yourself by examining the fossil record), and they all died penniless. Let that be a lesson to you. Anyway, the bank at which you saved towards retirement would pay you a somepiddly rate of interest that at least offset the rate of inflation, and little by little your little stash grew and grew, until one day it was a mighty oak tree, majestically spreading its strong, leafy branches to the ...
The New Cash Hoarders
Post Date: 2016-03-04 09:39:56 by Ada
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Negative interest rates have the law-abiding scrambling for bills. Are Japan and Switzerland havens for terrorists and drug lords? High-denomination bills are in high demand in both places, a trend that some politicians claim is a sign of nefarious behavior. Yet the two countries boast some of the lowest crime rates in the world. The cash hoarders are ordinary citizens responding rationally to monetary policy. The Swiss National Bank introduced negative interest rates in December 2014. The aim was to drive money out of banks and into the economy, but that only works to the extent that savers find attractive places to spend or invest their money. With economic growth an anemic 1%, many ...
Green Shoots and Dark Clouds
Post Date: 2016-03-03 08:36:57 by BTP Holdings
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Green Shoots and Dark Clouds Mike Burnick | Thursday, March 3, 2016 at 7:30 am Stocks have staged an impressive rebound rally over the past three weeks, with the S&P 500 Index rising 9.2% from February’s low, but still down 3.2% year-to-date. The upside move has been fueled in part by some better-than-expected economic data. Don’t get me wrong, the data remains downbeat, but isn’t as bad as many investors were expecting. Case in point, the ADP employment report yesterday showed U.S. firms adding 214,000 jobs in February, which was a big positive surprise, well above estimates of 185,000. As a result of this and other upbeat reports lately, the Citigroup Economic ...
The price of a US stamp is set to fall in April for the first time in 97 years
Post Date: 2016-03-02 15:24:17 by Ada
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For the first time since Woodrow Wilson was president, the price of a US postage stamp is set to decrease in April. According to the US Postal Service, the price of a US-bound first class stamp will decrease 2 cents — to 47 from 49 cents — starting April 1o. Stamp prices last declined in 1919 when the price of a first class stamp fell to 2 cents from 3 cents. This expected decrease stems from an act of Congress passed in 2013 that allowed the USPS to add a 4.3% surcharge in order to stem the massive losses for the Service because of the Great Recession. In a release from the USPS, the group said the act expires when the surcharges had accounted for $4.6 billion in revenue, ...
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