Latest Articles: Business/Finance
The Donald Means MABA: The Great Fiscal Miscreant Will Make America Broke Again
Post Date: 2019-08-01 08:37:11 by Ada
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You couldn’t have timed that better. The Donald managed to hold on to a “2” in Friday’s GDP report, but it was entirely due to a boom in government spending. We’d call it a kind of stick save that came, ironically, the very day Trump is planning to sign a $1.7 trillion budget abomination. The deal negotiated with Pelosi and Chuckles Schumer, and voted against by a large majority of House Republicans, shit-cans the decade-old discretionary spending caps and permits unlimited Federal borrowing through June 2021. So who needs Hillary? Or even Barry! As it happened, the 2.035% seasonally adjusted annualized growth rate for Q2 made it over the hump by a smidgen on ...
Things to Come
Post Date: 2019-07-31 11:09:08 by Ada
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“American exceptionalism has led to a country that is exceptionally un-self-aware.” — Peter Thiel The economic contraction ahead will put this borderline psychotic country through some interesting ch-ch-ch-changes. Mr. Trump now fully owns the Potemkin status quo of record stock markets poised against a withering rot of human capital at the core of an industrial society in sunset mode. Leadership at every corner of American life — politics, business, media — expects an ever-higher tech magical updraft of fortune from an increasingly holographic economy of mere fugitive appearances in which everybody can get more of something for nothing. The disappointment over ...
Deal or No-Deal, Brexit Dooms the Euro
Post Date: 2019-07-30 08:45:36 by Ada
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Deal or No-Deal, when it comes to Brexit, the euro is toast. Markets, however, believe the fantasy of its survival. As we approach the end of July the euro clings to support at $1.11, mere pips away from a technical breakdown. That breakdown will trigger a wave of asset liquidation and another round of negative headlines emanating from troubled German banks. With 10 Downing St. now saying No-Deal is acceptable, the hard line negotiating tactics of the European Union have hit a rocky shore. Because it looks like Boris Johnson is ready to give as good as he gets. I’ve been saying this for a long time. The EU is not a tough nut to crack. They have no leverage in these Brexit ...
German Investment in Russia Reaches Its Highest Level in a Decade
Post Date: 2019-07-30 03:20:09 by Tatarewicz
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Moscow times... German businesses invested more than $3.7 billion in Russia last year. July 25, 2019 French bilateral trade with Russia also rose to $17 billion last year. wintershalldea.com German businesses invested more than €3.3 billion ($3.7 billion) in Russia last year, reaching the highest levels in a decade and exceeding numbers not seen since Russia’s annexation of Crimea in 2014, according to data from the Russia-German Chamber of Commerce cited by the Financial Times. German corporates are not alone in increasing their cooperation with Russian firms. Bilateral trade between France and Russia grew by 11% to $17 billion last year and French firms currently have $20 ...
Iran’s UK envoy: Tanker-for-tanker barter impossible
Post Date: 2019-07-30 02:38:53 by Tatarewicz
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Presstv... Iran’s ambassador to London rules out a suggestion made by some British media outlets for an exchange between the countries featuring an Iranian-operated supertanker and a British-flagged vessel. “Impossible to advance a quid pro quo or barter exchange of detained UK and Iranian ships as some British media suggest,” Hamid Baedinejad tweeted on Monday. Impossible to advance a quid pro quo or barter exchange of detained UK and Iranian ships as some British media suggest. UK has illegally detained the ship carrying Iranian oil while the British ship is detained for violating some key safety/security regulations in Hormoz Strait. “UK has illegally detained the ...
Europe is Dying on a Cross of Gold
Post Date: 2019-07-25 09:47:19 by Ada
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Gold is calling out the insanity of the European Union. It is also calling out the insanity of the global economy. But really it’s all about the euro at this point. Since breaking through the post-Brexit high of $1375 per ounce, gold has pushed higher. Yes, it’s been volatile. Yes, the forces of control keep trying to stuff gold back inside the box, as it were. And they keep failing. Last week’s price action was impressive, even if the close was less than stellar. In the world of financial commentary everyone is looking for proximate causes for spikes and dips. But most of that is simply noise. I don’t care why gold touched $1450 last week, only that it did. Click ...
Boeing Is Either Going To Get Woke Or Die.. The Firing Of White Male Engineers And Hiring Cheap Foreign SJW Labor Doomed Their 737 'Max'
Post Date: 2019-07-22 22:11:41 by Tatarewicz
2 Comments
pmf... If it does not kill Boeing, it is going to maim the company well into the future. Reason: Because it is a piece of crap put together by FOREIGN engineers who started life cooking with cow dung, got a less than stellar diploma, and then wooed a foolish SJW with "Me better than white male". FACT: If the problem with this plane could be rectified, they would all be flying now. If they are not flying by now, they never will fly. A multi billion dollar company is in a major push to try to solve the problems with this plane, and $10 billion later got nothing in the air again. To repeat what is obviously happening to these planes, after eyewitnesses saw one dropping clothes and ...
Reports: Facebook faces $5B FTC fine, largest ever in tech
Post Date: 2019-07-19 17:50:30 by BTP Holdings
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Reports: Facebook faces $5B FTC fine, largest ever in tech Barbara Ortutay, Ap Technology Writer Updated 4:57 am PDT, Saturday, July 13, 2019 Photo: Tony Avelar, AP Image 1 of 3 FILE - In this April 30, 2019, file photo, Facebook CEO Mark Zuckerberg makes the keynote speech at F8, Facebook's developer conference in San Jose, Calif. A Wall Street Journal report says that the FTC has ... more At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make ...
The National Debt Scam
Post Date: 2019-07-18 17:19:44 by BTP Holdings
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Understanding the Artificial Economy Poster Comment:The Federal Reserve is the biggest con game ever perpetrated on the people. And there is no money since FDR abrogated the gold standard in 1933.
Oil Minister: Sanctions Unable to Halt Iranian Crude Exports
Post Date: 2019-07-16 21:53:13 by Tatarewicz
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TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh underlined that the US sanctions have failed to stop Iran's oil supplies to other countries. "Zanganeh guaranteed in the meeting that Iran's oil sales continue under any circumstances, specially under sanctions, and we will not allow any disruption in oil sales," Ali Sari, a senior MP, quoted Zanganeh as saying in Tehran on Tuesday in a meeting with the Iranian lawmakers. "Sanctions leave no impact on Iran's oil sale," Zanganeh added, according to Sari. Iran has denied US claims that sanctions have cut off the country’s oil exports to zero, saying it would exhaust any channel to ship its oil ...
Gold Is The Destroyer, This Time [CB] Is Going To Be Challenged:Lynette Zang
Post Date: 2019-07-14 17:41:05 by BTP Holdings
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Today's Guest: Lynette Zang Website: ITM Tradingwww.itmtrading.comPoster Comment:The IMF has moved from Washington to Beijing. Bretton Woods is dead.
Barneys explores possible July bankruptcy filing as it grapples with rent hike at Manhattan flagship
Post Date: 2019-07-14 15:37:14 by BTP Holdings
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Barneys explores possible July bankruptcy filing as it grapples with rent hike at Manhattan flagship Lauren Hirsch 14 hrs ago © Provided by CNBC LLC A pedestrian walks past a window display at Barneys New York department store in New York, U.S., on Thursday, Jan. 22, 2009. Luxury retailer Barneys New York is making preparations for a bankruptcy filing that could come as soon as this month, people familiar with the matter tell CNBC. Barneys, which is facing a liquidity crunch spurred by a rent hike at its Manhattan flagship, has engaged law firm Kirkland & Ellis and financial advisers a M-III Partners to assist with the potential preparations, the people said. The advisers ...
Nemesis Rising
Post Date: 2019-07-13 06:14:32 by Ada
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Where are Clintons, these dog days of summer? The Hamptons? Salty, sunny Martha’s Vineyard? Under a rock somewhere in the Chappaqua woods? Fate is turning in more than one uncomfortable way for the once-charmed couple of Boomerdom. There is, of course, the freshly re-issued Jeffrey Epstein underage sex scandal, come ‘round again with a vengeance this time because there are fewer Clinton partisans left in the Department of Justice where the matter has festered for decades like a fistula slowly seeping its rot through the body politic. The vengeance emanates from the Clinton’s nemesis, the uppity Golden Golem of Greatness who dared to “steal” Hillary’s place ...
Egypt Denies Seizing Iranian Oil Tanker in Suez Canal
Post Date: 2019-07-11 01:06:43 by Tatarewicz
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TEHRAN (FNA)- Chairman of the Suez Canal Authority Mohab Mamish dismissed Arab media reports claiming that a Ukrainian oil tanker carrying Iran's oil to Syria has been seized in the Canal. "The Suez Canal Authority is bound to the freedom of international shipping in the Canal and permits all ships to cross the Canal except in special conditions," Mamish was quoted as saying by the Arabic-language Sad al-Balad news website on Wednesday. "No ship can be prevented from crossing the Suez Canal; oil and weapons trade are both legitimate," he added. Mamish said that Egypt will prevent passage of vessels if it receives an order by the UN to do so; or the ship carries ...
Boeing nose dive
Post Date: 2019-07-11 00:42:15 by Tatarewicz
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Syper Canthama Back to the Boeing criminal case….Boeing’s new orders in free fall: 37% lower in the 1st half of 2019, 20% in 1st quarter 2019 and 54% in the second quarter 2019. This is only going to grow throughout 2019-2020. Have mentioned few times that the 737MAX Boeing’s crime (It is a premeditated crime since Boeing always knew the issues and risks for crashes) came at a time that global economy is approaching a long depression, lack of new orders and very large cancelations (737MAX cancelations are starting to happen), it will severely impact impact Boeing’s cash flow and the many small-mid size companies in its supply chain, it will be a domino effect of ...
Top Commander Warns of Iran's Reciprocal Response to Britain's Seizure of Oil Tanker
Post Date: 2019-07-10 02:18:54 by Tatarewicz
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TEHRAN (FNA)- Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri described seizure of Iran's oil tanker in the Strait of Gibraltar by Britain as a move to retaliate against the downing of a US spy drone by the IRGC, warning London of Tehran's reciprocal move. "This move will not remain unanswered and if necessary, a response to this abject act will come on agenda at an appropriate time and place," General Baqeri said in Tehran on Tuesday. He said the Iranian oil tanker has been seized as a response to the recent downing of a US spy drone by the Islamic Revolution Guards Corps (IRGC), as Iran's missile, marine and air defense power has ...
Boeing’s 737 Max Software Was Outsourced to $9-an-Hour Street-Shitting Engineers
Post Date: 2019-06-30 05:21:51 by Ada
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This is not the type of individual who you want programming code for software used to control an aircraft. One of the biggest aviation related stories in the past several months have been the crashes of two Boeing 737 Max planes. The crashes forced a mass grounding of the plane model. At first these crashes were assumed to be largely the result of the racially diverse pilot crews. After all, it was an Ethiopian Airlines flight and a Lion Air flight that crashed. Ethiopian Airlines is the state-run airliner of Ethiopia and Lion Air is a low cost Indonesian airliner. While pilot error may have certainly contributed to these crashes, it looks like software problems may have also played a ...
Russia, China sign deal on national currency payments: Newspaper
Post Date: 2019-06-30 02:20:05 by Tatarewicz
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PressTV... A Russian newspaper has revealed that senior authorities from Russia and China have signed an agreement to ditch US dollar and other major international currencies in mutual trade and instead use their own national currencies. The Izvestiya newspaper said on Friday that the agreement had been signed earlier in June between Russian Finance Minister Anton Siluanov and Chinese People's Bank Governor Yi Gang. The report said the agreement was a first practical step for the two countries to switch to national currencies in mutual payments. Chairman of the Russian lower house’s Committee on Financial Market, Anatoly Aksakov, told Izvestiya that Moscow and Beijing were ...
Could a Cryptocurrency Become a Global Reserve Currency?
Post Date: 2019-06-28 08:19:46 by Ada
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Will bitcoin appear on this chart of global reserve currencies in the future? Could a non-state cryptocurrency like bitcoin become a global reserve currency? I first proposed the idea back in November 2013, long before bitcoin's rise to $19,000, decline to $3,200, recent ascent to $13,000 and current retrace. The idea is intriguing on a number of levels. In terms of retaining value though thick and thin, the ultimate reserve currency cannot be printed (and thus devalued) with abandon by a government. Gold and silver have served as the ultimate reserve currency, as precious metals can be traded for commodities and services, provide collateral for debt and serve as reliable stores of ...
US shale an 'unmitigated disaster' with industry hundreds of billions in debt - shale pioneer
Post Date: 2019-06-25 10:07:04 by Ada
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Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference in Pittsburgh. “In fact, I'm not aware of another case of a disruptive technological change that has done so much harm to the industry that created the change.” He did not pull any punches. “While hundreds of billions of dollars of benefits have accrued to hundreds ...
Bitcoin is Back – As a Safe Haven Asset
Post Date: 2019-06-24 10:23:40 by Ada
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Back during the cryptocurrency mania of 2017 I explored Bitcoin as a foundational asset of a different monetary system. Built on blockchain I put together a crude crypto-version of Exter’s Pyramid to visualize this. Today with Bitcoin soaring past $11,000 we may be entering a new mania phase but this time for completely different reasons than in 2017-18. However, before I get started, let’s review what Exter’s Pyramid is and why Bitcoin, necessarily, today sits at the bottom of it in the crypto-space. John Exter visualized the global financial system as an upside down pyramid. Click for Full Text!
SYRIA Analysis, DEBT ELIMINATION Strategies: Epic Jordan Goodman Interview!
Post Date: 2019-06-22 20:05:14 by BTP Holdings
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Israel's chip sales to China jump as Intel expands
Post Date: 2019-06-18 04:16:15 by Tatarewicz
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Semiconductor exports to China up 80 percent, most produced by Intel's Kiryat Gat plant; Jerusalem pushing for deeper trade ties with Beijing, now its second-largest export market Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant. An official at the Israel Export Institute told Reuters that new data showed semiconductor exports to China jumped 80 percent last year to $2.6 billion. An industry source said that Intel Israel accounted for at least 80 percent of those sales. Prime Minister Benjamin Netanyahu with Chinese President Xi Jinping (Photo: AFP) (Photo: AFP) Prime Minister ...
Trump Warns of Epic Stock Market Crash If He's Not Re-Elected
Post Date: 2019-06-15 20:37:12 by BTP Holdings
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Trump Warns of Epic Stock Market Crash If He's Not Re-Elected Ros Krasny 8 hrs ago © Photographer: Chip Somodevilla/Getty Images North America WASHINGTON, DC - MAY 22: U.S. President Donald Trump pretends to make a phone call while speaking about Robert Mueller's investigation into Russian interference in the 2016 presidential election in the Rose Garden at the White House May 22, 2019 in Washington, DC. Trump responded to House Speaker Nancy Pelosi saying he was engaged in a cover up. (Photo by Chip Somodevilla/Getty Images) (Bloomberg) -- President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock ...
Kudlow: US to Maintain 3% Growth Even Without China Pact
Post Date: 2019-06-12 21:51:22 by BTP Holdings
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Kudlow: US to Maintain 3% Growth Even Without China Pact By Newsmax Finance Staff | Tuesday, 11 June 2019 02:25 PM White House economic adviser Larry Kudlow predicts the U.S. economy will maintain 3% pace even without a China trade deal. “The U.S. economy is very strong,” the veteran financial guru and former Ronald Reagan adviser told CNBC. “I think we’re in pretty good shape and I think we’ll maintain a 3% growth pace this year,” said Kudlow, who served as the Trump campaign's senior economic adviser. The economy grew at a 3.1% pace in the first quarter. “That 3% number is not contingent on a China deal that might not be satisfactory for ...
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