Latest Articles: Business/Finance
The Uncomfortable Hiatus
Post Date: 2018-09-04 08:53:17 by Ada
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And so the sun seems to stand still this last day before the resumption of business-as-usual, and whatever remains of labor in this sclerotic republic takes its ease in the ominous late summer heat, and the people across this land marinate in anxious uncertainty. What can be done? Some kind of epic national restructuring is in the works. It will either happen consciously and deliberately or it will be forced on us by circumstance. One side wants to magically reenact the 1950s; the other wants a Gnostic transhuman utopia. Neither of these is a plausible outcome. Most of the arguments ranging around them are what Jordan Peterson calls “pseudo issues.” Let’s try to take stock ...
Central Banks Enrich a Select Few at the Expense of Many
Post Date: 2018-09-03 09:14:56 by Ada
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The message unanimously churned out by politicians, central bankers, and ‘mainstream’ economists is that central banks are there for the ‘greater good’. They provide the economy with sufficient money and credit, and they fight inflation, thereby supporting output and employment growth. What is more, central banks, are supposedly in a position to effectively fend off or at least mitigate financial and economic crises. However, unfortunately, nothing could be further from the truth. Throughout history, central banks have been created, first and foremost, to fill governments’ coffers. To increase the king’s or elected government’s financial means through ...
Turkey will pursue non-dollar transactions in trade: Erdogan
Post Date: 2018-09-03 02:14:38 by Tatarewicz
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PressTV... Turkish President Recep Tayyip Erdogan has lashed out at the United States for behaving like "wild wolves," saying Ankara would pursue non-dollar transactions in trade with Russia and other countries. "America behaves like wild wolves. Don't believe them," Erdogan said in an address to a business forum in Bishkek on Sunday during a visit to Kyrgyzstan. He added that negotiations were underway between Turkey and Russia over using national currencies instead of the US dollar in bilateral trade ties. The US has imposed punitive economic measures on both Ankara and Moscow. "Using the dollar only damages us. We will not give up. We will be ...
Chinese company to become strategic partner of Serbia's sole copper producer
Post Date: 2018-09-01 08:05:35 by Tatarewicz
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BELGRADE, Aug. 31 (Xinhua) -- One of the leading Chinese gold, copper and non-ferrous metals producers won at the public competition for the strategic partner of Serbia's state-owned copper mining and smelting complex in the city of Bor, Minister of Energy and mining Aleksandar Antic confirmed at a press conference after Friday's government session. Antic revealed that China's Zijin Mining Group made the best offer among the three companies that competed at the tender for the strategic partner of the Mining and Smelting Combine Bor, located some 250 kilometers southeast of the capital Belgrade. According to him, the offer envisages investment of 1.26 billion USD in exchange ...
Corporate Welfare Lives On and On
Post Date: 2018-08-29 08:08:50 by Ada
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From farm subsidies to the Export-Import Bank, special interest feeding frenzies are still the norm throughout government. Congress created the usual special interest frenzy with its latest iteration of the farm bill. Agricultural subsidies are one of the most important examples of corporate welfare—money handed out to businesses based on political connections. The legislation suffered a surprise defeat in the House, being viewed as too stingy. But it is certain to return. Fiscal responsibility is out of fashion. The latest federal budget, drafted by a Republican president and Republican-controlled Congress, blew through the loose limits established under Democratic President Barack ...
Iran hauls US before intl. court over 'illegal' sanctions
Post Date: 2018-08-28 05:46:37 by Tatarewicz
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PressTV... The International Court of Justice has begun hearing a lawsuit brought by Iran against new US sanctions ordered by the Trump administration. Iran last month lodged a complaint with the Hague-based tribunal, arguing that the sanctions violate the terms of a 1955 friendship treaty between the two countries. The country opened a lawsuit Monday demanding the UN's top court order the suspension of the renewed US sanctions. "The United States is publicly propagating a policy intended to damage as severely as possible Iran's economy and Iranian nationals and companies," Iran's lawyer Mohsen Mohebi told the court. "This policy is nothing but naked economic ...
Cannabis Supply Chains Coming Out of the Shadows
Post Date: 2018-08-26 15:59:08 by BTP Holdings
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Cannabis Supply Chains Coming Out of the Shadows Erica E. Phillips 2 hrs ago © Jae C. Hong/Associated Press COACHELLA, Calif.—Low-slung industrial developments are rising along Avenue 48 here, a dusty stretch at the edge of relentless desert 140 miles from the Pacific Coast that’s becoming a hub for cannabis producers. Around the state, a nascent network of specialized distribution companies is springing up to connect these centers of licensed marijuana growers and processors to hundreds of retail outlets, providing something entirely new in the marijuana industry: A legitimate supply chain. The widening state-by-state legalization of recreational marijuana across the ...
Genocide of the Greek Nation
Post Date: 2018-08-22 09:39:35 by Ada
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The political and media coverup of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over. What they mean is that Greece is over, dead, and done with. It has been exploited to the limit, and the carcas has been thrown to the dogs. 350,000 Greeks, mainly the young and professionals, have fled dead Greece. The birth rate is far below the rate necessary to sustain the remaining population. The austerity imposed on the Greek people by the EU, the IMF, and the Greek government has resulted in the contraction of the Greek economy by 25%. The decline is the equivalent of America’s Great ...
Michael Snyder: If You Read Between The Lines, Global Economic Leaders Are Telling Us Exactly What Is Coming
Post Date: 2018-08-22 08:20:52 by Horse
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Sometimes, a strongly-worded denial is the most damning evidence of all that something is seriously wrong. And when things start to really get crazy, “the spin” is often the exact opposite of the truth. In recent days we have seen a lot of troubling headlines and a lot of chaos in the global financial marketplace, but authorities continue to assure us that everything is going to be just fine. Of course we witnessed precisely the same thing just prior to the great financial crisis of 2008. Federal Reserve Chair Ben Bernanke insisted that a recession was not coming, and we proceeded to plunge into the worst economic downturn since the Great Depression. Is our society experiencing a ...
Paper gold not so shiny anymore: Prices hit 19-month low as speculators ‘give up hope’
Post Date: 2018-08-21 09:07:19 by Ada
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Paper gold not so shiny anymore: Prices hit 19-month low as speculators ‘give up hope’ The price for gold – which has traditionally served as a haven asset for investors – has fallen by nine percent so far this year. Holders of gold futures contracts, not the physical metal, are shorting their positions. Last week, the price for the yellow metal fell to its lowest level since January 2017. On Tuesday, it was trading at $1,194 a troy ounce. Global demand for gold futures in the first half of the year was at its lowest since 2009. Experts say the US dollar’s unexpected strength is one of the reasons why gold became less appealing to investors. They warn that pain ...
Russia and Other Anti-Dollar Mavericks Can't Win Just Yet (Op-ed)
Post Date: 2018-08-21 06:17:12 by Tatarewicz
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MT... For now, Turkey, Russia and Iran are powerless against the dollar’s dominance, even with China’s help The dismal performance of the Turkish lira (down 38 percent to the U.S. dollar so far this year) and the Russian ruble (down 14 percent) is strong evidence of how even relatively low-octane U.S. sanctions or the threat of harsher ones can hurt an economy. But could the U.S. be going too far with the weaponization of its economic advantage? Could its aggressive use of sanctions end up undermining the dollar’s global dominance? To listen to the loud noises coming from Ankara and Moscow, that’s exactly what’s happening. “We are preparing to trade in our ...
China’s biggest-ever bitcoin heist: three held over theft of US$87 million in cryptocurrency
Post Date: 2018-08-21 03:27:49 by Tatarewicz
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SCMP... Suspects detained in coordinated raids on suspicion of stealing millions in virtual money from computers Three men have been detained on suspicion of hacking into computers and stealing about 600 million yuan (US$87 million) worth of virtual currency, police in northwest China said. Officers in Xian said the case was the highest value cryptocurrency criminal investigation in the country so far, Huashang News reported on Saturday. The police started investigating the case in March when a man from the city complained his computer had been hacked and 100 million yuan in bitcoin and ethereum had been stolen. “Our bureau has not dealt with this kind of case before,” one ...
Is rainbow trout the same as salmon? China says yes despite food safety fears
Post Date: 2018-08-19 06:43:40 by Tatarewicz
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scmp... Authorities reclassify the fish in a bid to allay consumers’ concerns – citing Wikipedia as a source – but industry watchers say the move is motivated by profit CCTV has reported that one-third of the salmon sold in China is actually rainbow trout (top) farmed in Qinghai province rather than imported salmon (below). Chinese fish farm launches ‘world’s biggest’ deep-sea salmon cage The Chinese government has responded to consumer fears about food safety by expanding its official definition of what can be classified as salmon to include rainbow trout. The move comes months after a state media investigation found fisheries were passing off rainbow ...
Talking Turkey: 'This Will Be The Single Largest Default In Financial History'
Post Date: 2018-08-18 22:04:45 by BTP Holdings
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Talking Turkey: 'This Will Be The Single Largest Default In Financial History' Aug. 16, 2018 6:55 AM ET David McAlvany Summary > Capital controls are like Hotel California… You can’t leave. > Will Turkey, Iran, Russia, Germany abandon the West & turn to China? > Gold: Massive “Short” paper market now needs to be covered.
Why other countries are giving China a licence to print money
Post Date: 2018-08-18 08:06:30 by Tatarewicz
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Comments: 88 Chinese baby girl ‘was sold for US$9,000 via agent by broke parents’ Multiple sources in the China Banknote Printing and Minting Corporation confirmed to the South China Morning Post last month that money production plants across the country were running at nearly full capacity to meet an unusually high quota set by the government this year. Most of the demand comes from participants in the “Belt and Road Initiative” and one source, who asked not to be named due to the confidential nature of the information, said that Chinese yuan bills only made “a small proportion of the orders”. Is China undermining its neighbours’ trust by buying ...
An Incredible Opportunity in Silver - Steve St. Angelo
Post Date: 2018-08-17 07:21:17 by BTP Holdings
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Just how great of a value is silver right now, especially when compared to something like the Dow Jones Industrial average?
Minister: Iran Welcomes Swiss Firms' Investment in Solar Energy Sector
Post Date: 2018-08-16 06:00:50 by Tatarewicz
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TEHRAN (FNA)- Iranian Energy Minister Reza Ardakanian stressed the necessity for the further broadening of cooperation with Bern, noting that the Swiss companies can help Iran boost its solar energy use. "The Swiss firms can produce electricity from solar power plants and sell electricity to the neighboring states, including Afghanistan, using Iran's infrastructures," Ardakanian said in a meeting with Swiss Ambassador to Tehran Markus Leitner on Tuesday. He further referred to other areas for cooperation between the two countries, including small hydroelectric power plants, water resources management, water desalination, water and sewage treatment, cooperation with the ...
From ‘menace’ to assets: Soros now buying social media shares
Post Date: 2018-08-16 05:35:30 by Tatarewicz
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RT... Months after denouncing social media as a “menace to society,” controversial billionaire George Soros is again investing into Facebook, Twitter and streaming services Spotify and Pandora, while scaling back his Google holdings. With hedge funds filing their second-quarter statements with regulators this week, it has emerged that Soros Fund Management LLC is once again investing in Facebook. The fund has also bought shares in Twitter and the two streaming platforms, while selling off some stock in Google’s parent company Alphabet Inc. and Amazon.com. News of Soros’s acquisitions have raised suspicions in circles that have long seen Soros as a foe of copyrights. ...
US sanctions on Iran may push oil prices above $150: Hedge funds
Post Date: 2018-08-15 23:25:17 by Tatarewicz
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PressTV.... Upcoming US sanctions on Iran's energy sector, which snap back on November 4, could push oil prices above $150 a barrel from around $75 now, prominent hedge funds have warned. US President Donald Trump has said that Saudi Arabia’s ruler King Salman had agreed to soon raise oil output by up to 2 million barrels per day (bpd) to make up for lost Iranian barrels as a result of the sanctions. Energy strategists, however, dismiss an abrupt increase in oil production as political noise. "You cannot order 2 million barrels like ordering a coffee somewhere,” Beat Wittmann, a partner at financial consultancy Porta Advisors, told CNBC last month. PressTV-Iran says ...
Russian foreign minister says dollar's days numbered as global currency
Post Date: 2018-08-15 02:24:05 by Tatarewicz
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PressTV... Russian Foreign Minister Sergei Lavrov says Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries. Lavrov, who was speaking at a news conference with his Turkish counterpart in Ankara, said on Tuesday that the US dollar’s role as a global trade currency was in decline. “I’m confident that the grave abuse of the role of the US dollar as a global reserve currency will result over time in the weakening and demise of its role.” The top Russian diplomat went on to say that Moscow favored bilateral trade with all countries in their national currencies, rather than the dollar. “The ...
The Big Reset: Why China Bought JPMorgan’s Gold Vault
Post Date: 2018-08-13 06:27:14 by BTP Holdings
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The Big Reset: Why China Bought JPMorgan’s Gold Vault January 20, 2014 The office building of JPMorgan with its largest private gold vaults at Chase Manhattan Plaza, opposite to the New York Federal Reserve building, has been recently sold to the Chinese. This indicates the US and China seem to be working together in advance towards a global currency reset whereby the US, Europe and China will back the SDR’s with their gold reserves so the dollar can be replaced. We have now arrived at the point where it is not the banks, but the countries themselves that are getting in serious financial trouble. The idea that we can ‘grow our way back’ out of debt is naive. The ...
Rothschild worried about new world economic order
Post Date: 2018-08-13 05:17:07 by Tatarewicz
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PMF... Jacob Rothschild has voiced concern about the global financial system that was established after WWII. The billionaire banker points to the US-China trade war and eurozone crisis as the key problems putting economic order at risk. “In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order,” Rothschild warned in his investment trust's half-year results commentary. In economics, the post-war order is usually refers to a monetary management system which led to a rise of the US dollar as a dominant currency. ...
German minister: US cannot tell us with whom we can do business
Post Date: 2018-08-12 22:42:22 by Tatarewicz
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PressTV... Germany’s Economy Minister Peter Altmaier says the United States is in no position to tell Berlin with which countries it can do business, vowing support for companies doing business with Iran. The German minister made the remarks in an interview with Bild am Sonntag newspaper on Sunday, emphasizing that Berlin would not let the Washington dictate its trade rules on it. He added that Washington’s sanctions on Iran clearly showed America’s neglect of its partners. "We won't let Washington dictate us with whom we can do business and we therefore stick to the Vienna Nuclear Agreement," Altmaier said in reference to a landmark nuclear deal between ...
JP Morgan accumulating world’s largest physical silver hoard
Post Date: 2018-08-12 20:32:13 by BTP Holdings
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JP Morgan accumulating world’s largest physical silver hoard April 27, 2015 Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big ...
Love and Loathing in Las Vegas
Post Date: 2018-08-12 20:04:19 by Ada
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Inside a Sleazy FBI Sting Involving Diet Clinics, Fitness Models, Money Laundering, and a Supposed Plot to Hire a Hitman This is the story of a budding romance, but not the kind that starts with a chance encounter and ends with a happily-ever-after. This one involves backbiting and an FBI undercover sting. It began in the fall of 2012. Emile Bouari was dining with his girlfriend, a fitness model named Kim Milko, at a high-end restaurant in Las Vegas. Their relationship had been tumultuous, fraught with infidelity and disagreements. Milko wanted to marry, but Bouari, who was separated from his second wife at the time, struggled with commitment. To him, going to court to sign marriage ...
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