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Economy

Tax Havens are key for 62 Billionaires to avoid paying Taxes on their Wealth

The 62 Richest individuals in the world hold as much wealth as the rest of the population, according to Oxfam. The wealth of the poorest 50% dropped by 41% between 2010 and 2015, while the wealth of the richest 62 people increased by $500bn to $1.76 trillion in the same period. By 2020, the number of billionaires in the world will fit in a small shuttle bus. The poorest ...Read full article...

Still Think the Economy is “Recovering”? Walmart Is Closing 269 Stores

The economy is collapsing around us, and if you aren’t already prepared, it’s time to get with it ASAP, because Wal-Mart is closing 269 stores. If that doesn’t ring loud, clanging warning bells for you, then nothing will convince you of the need to prepare for economic collapse. If you listened to the State of the Union address (listen for free) last week, you heard President Obama accuse those who ...Read full article...

Brazil Sanctions Law to Confiscate 30% of people’s Foreign Investments

The government will dig deeper into taxpayer pockets to ‘heal’ its crisis. When a government has no money, it either prints it from thin air or steals it from taxpayers’ pockets. In the case of Brazil, its state of indebtedness and disastrous credit rating does not allow it to borrow more money abroad without having to pay hefty fees, so Dilma Rousseff has signed a new law, which was ...Read full article...

The FBI’s Worst Nightmare

The bloodbath in oil continues. Yesterday, oil dipped below $30/barrel for the first time since December 2003. Just 18 months ago, a barrel of oil cost $106.77. Oil is off to a horrible start in 2016. The price of oil has fallen every day this year, shocking many Wall Street analysts who called a bottom in the $35-40 range. On Monday, The Wall Street Journal reported: Morgan Stanley issued ...Read full article...

The Latest Major Bankruptcy

Another giant U.S. company is going broke. Arch Coal (ACI), the second-largest U.S. coal producer, filed for bankruptcy yesterday. Coal prices have dropped 98% since 2008, causing a major crisis for the coal industry. Arch Coal’s quarterly sales has fallen in 13 of the last 14 quarters. It missed a $90 million loan payment last month, and has $4.5 billion in debt it can’t afford to pay. Arch Coal’s ...Read full article...

$2.5 Trillion in Wealth Has Vanished since Monday

The financial markets are in chaos… Chinese stocks crashed again last night, dropping 7% in less than an hour. The Shanghai Composite Index is now down 11.7% this week, and 40% since peaking last June. For the second time this week, China’s stock exchange completely shut down. As Dispatch readers know, China put new “circuit breaker” rules in place that shut down the exchange if stocks drop too quickly. ...Read full article...

The U.S. stock market is rotting from the inside

U.S. stocks have opened the year with a flop. Yesterday, the S&P 500 fell 1.5%. The Dow Jones Industrial Average fell 1.6%. At one point, the Dow was down 2.7%, which would have been its worst opening day since 1932. All 10 sectors in the S&P 500 dropped yesterday. Financial and health stocks were the biggest losers, dropping more than 1.9% each. And 39 stocks hit new 52-week lows ...Read full article...

New Year Market Turmoil

Will 2016 be the year the artificially stimulated US economic house of cards collapses? It’s long overdue. What can’t go on forever, won’t. Markets levitate only for so long. Day of reckoning time inevitably arrives. Fed money printing madness turned Wall Street into a casino – high risk for ordinary people wanting their savings protected along with a reasonable return. Former Reagan administration Office of Management and Budget director ...Read full article...

Brazil’s Economic Debacle

This is what The Economist magazine did not say in its simplistic and reductionist report. In one of many interviews, Oscar-winning producer Brian Grazer said that a person must “know the weeds, to have lived in them”. Grazer meant that a person wouldn’t want to get involved in something which he had not enough knowledge about. Even though Grazer was explaining his view as to how to become a delegator, ...Read full article...

Federal Reserve “Rate Hike” facilitates the Looting by the One Percent

The Federal Reserve raised the interbank borrowing rate today by one-quarter of one percent or 25 basis points. Readers are asking, “what does that mean?” It means that the Fed has had time to figure out that the effect of the small “rate hike” would essentially be zero. In other words, the small increase in the target rate from a range of 0 to 0.25% to 0.25 to 0.50% ...Read full article...

The U.S. Stock Market Is Rotting from the Inside

One of the world’s most important markets continues to flash danger signs… Regular readers know we keep close tabs on the bond market. The bond market is where individuals, companies, and governments go to borrow money. The U.S. bond market is about twice as large as the U.S. stock market. That’s one reason the bond market can signal trouble before the stock market. •  The junk bond market is where ...Read full article...

Are You Safe from the War on Cash?

Governments are waging a war on cash as part of their total control agenda. Although you won’t hear it in the mainstream media, many world governments want to eliminate paper cash. Governments hate paper cash because it’s hard to track. Electronic payments through banks are much easier to monitor and record. Nick Giambruno, editor of Crisis Speculator, has been following this trend closely. The War on Cash is a favorite ...Read full article...

War always begins with Economic Sanctions

Economic sanctions are historically the last step before war ensues. Roosevelt turned from sanctions toward embargoes against Japan before WWII and later carried out full military attacks against “America’s enemies”. Japan depended relied heavily on American oil and metals to maintain its war in China, yet, the United States embargoed Japanese access to gasoline for its aviation. Further sanctions materialized when the United States expand its embargo to include tools, iron, steel, copper ...Read full article...

Junk Bond Market: The Biggest Red Flag since the Great Recession

The junk bond market continues to show signs of cracking… For months now, we’ve pointed to the decline of junk bond values as one of the biggest red flags in the entire market. The bond market is where companies, countries, and individuals go to borrow money. It’s far larger and more important than the stock market. The U.S. bond market, for instance, is about twice as large as the U.S. ...Read full article...

Why Smart Money Is Dumping U.S. Stocks

Trust in US Petrodollar is rapidly coming to an end. Lack of hunger for US Stocks says so. Some of the world’s smartest investors are cutting back on U.S. stocks… On Monday, Bloomberg Business reported that hedge fund managers cut their holdings in U.S. stocks by $200 billion last quarter. These funds now hold $1.5 trillion in U.S. stocks, down from $1.7 trillion at the end of June. The list of ...Read full article...
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