|Wednesday, August 15, 2018
You are here: Home » Economy

Economy

Oil Companies to lay off Thousands of Employees

Shock, Denial, and Panic in the Oil Sector After the initial shock, denial, panic and capitulation, oil producers, service providers, and energy investors must view the future differently based on the lower-for-longer oil price scenario, or risk their own. Investment firm Oppenheimer (OPY) said this in a recent note. The folks there must agree with us…there’s more pain ahead for the oil patch. As we’re about to explain, anyone ...Read full article...

US Congressman: TPP violates National Sovereignty

Transpacific Partnership is a blank check for Corporate conquest of society, says Brad Sherman, a democrat congressman from California.  Mr. Sherman was interviewed on SophieCo. program, where he explained that while members of the political and economic elite are praising the terms of the agreement, the secretive text is nothing more than an academic dream. According to Sherman, corporations are the force behind TPP and they have strong lobbies ...Read full article...

Transpacific Partnership: Why so Secret?

The TPP is, simply explained, a counterweight to China’s growth in the struggle for trade and economic influence. Today, skepticism is considered one of the best tools to understand what is happening in most areas of our lives. However, skeptics are commonly labeled as conspiracy theorists, ‘flat earthers’, homophobes, racists, KKK members, home-grown terrorists and so on. The attempt to alienate those who think differently and who have the ...Read full article...

World Powers to Adopt Poverty and Slavery as Social Models

There is one thing that the leaders of the most powerful countries agree on: Poverty and enslavement of mankind are the goals they want in the XXI century. While the highest political representatives meet at the UN to ask the public for unity, solidarity and social justice, privately they discuss the exact opposite: Leading the world into widespread poverty and perpetual slavery. An example of this is cyber-security. While ...Read full article...

The winner of the Greek elections is the Troika

Former Greek Finance Minister, Yanis Varoufakis, is clear in saying that the Tsipras government will fail -again-. Former Greek Finance Minister, Yanis Varoufakis, said that “the big winner” of the general elections held on Sunday “is the troika” after the voting resulted in the reelection of Prime Minister Alexis Tsipras, and with it, the greek government and the Troika assure themselves that all the requests from Greek creditors are ...Read full article...

Get Ready for a Huge Wave of Bankruptcies

(CaseyResearch.com) Global companies are having trouble paying their bills… Last week, credit rating agency Standard & Poor’s (S&P) downgraded Brazil’s government debt from “investment grade” to “junk” status. “Junk” status means Brazil’s bonds are at a high risk of default. This is no surprise… In 2011, socialist Dilma Rousseff took over as president of Brazil. She has wrecked the country’s finances in just four years. Brazil’s government had a ...Read full article...

Dilma Rousseff announces more Taxes and less Social spending

PORTO ALEGRE, RS – Dilma Rousseff’s government announced this week that it intends to reintroduce a tax on financial transactions -CPMF- for the next four years. Her government will also freeze the salaries of federal workers for seven months and cut spending on social programs such as Minha Casa Minha Vida (My Home my Life), by almost 30%. Some of the social programs that will experience cuts include many ...Read full article...

Fiscal Deterioration costs Brazil another Downgrade

The negative outlook, according to S&P, reflects a 30% possibility of a further downgrade because of fiscal deterioration probability. Most Brazilians do not like Dilma Rousseff, and now, it seems that neither do investors or lending entities. It is true, rating agencies are only part of a global Ponzi scheme, however, it is their opinions about the creditworthiness of a country what determines whether that country has access to ...Read full article...

Are you prepared for the SHEMITAH?

It is not a secret that the economic collapse is on its way down. The end of the system we all know and dislike is near. It is not a secret that the global economy is on its way down. The end of the system we all know and dislike is near. But when exactly will this collapse take place? Is there a way to know? Apparently, the answer ...Read full article...

Dollar As World’s Reserve Currency Threatened

US dollar dominance finances Washington’s reckless spending, global militarism, its empire of bases, endless wars, corporate takeovers, as well as speculative excess creating bubbles and economic crises – at the expense of democratic freedoms and beneficial social change. China, Russia and other nations increasingly trading in their own currencies pose a significant threat to dollar dominance. Mahdi Darius Nazemroaya explained Washington’s currency war on China, saying: “The Chinese are ...Read full article...

Central Banks have become a corrupting force

Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich? These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the ...Read full article...

Federal Reserve Bank behind Recessions, Depressions

(Mises.org) The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the party fun rests. Low Central Bank Rates have been Fueling Asset Price Inflation The current ...Read full article...

Moody’s downgrades Brazil to near-junk status

(RT.com) International rating agency Moody’s has downgraded its credit rating for Brazil to its lowest investment grade, from Baa2 to Baa3. However, the outlook on the rating was changed to stable from negative, suggesting there will be no more changes over the next 12-18 months. The downgrade was driven by Brazil’s weak economic growth and rising government spending. “Moody’s estimates that GDP growth of at least 2 percent and primary ...Read full article...

The US Economy Continues Its Collapse

Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was a continuation of a long string of bad news spun into good news. The media repeats two ...Read full article...

Supply and Demand in the Gold and Silver Futures Markets

This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is ...Read full article...