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Posts published in “Finance”

Renowned Global Investor Predicts Fall Of US Dollar And Bets On Chinese Market

Jim Rogers, author of “A Bull in China: Investing Profitably in the World’s Greatest Market” and a renowned investor who co-founded the first global investment fund with George Soros in 1973, has made numerous extraordinary predictions about trade market in the past, including the fall of the US dollar.

Dow Surges Despite Trump’s New Tariffs On $200 Billion Worth Of Chinese Goods

The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains.

The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high.

Big Bank Experts Predict Global Economic Crisis Like 2008 Crash

Professionals at investment bank JPMorgan say the next global economic crisis will start in 2020.

Experts say the recession due to occur in two years will be less impactful than the 2008 crash, which sent the globe into recession and has been named the worst recession ever.

Elon Musk Smoking Cannabis On Joe Rogan Didn’t Affect Tesla Shares For Long

Elon Musk appeared as a special guest on The Joe Rogan Experience podcast last week. When Rogan lit up a tobacco-cannabis hybrid cigarette – often referred to as a butt – after two hours of interview, he assumed Musk would decline due to the inevitable backlash from Tesla and SpaceX shareholders.

Nike Shares Recover After Kaepernick Advertisement Sparks Boycott

Nike shares recovered their losses on Monday after their contentious publicity campaign featuring former San Francisco 49ers quarterback Colin Kaepernick initially spurred a drop in their shares. The campaign, released to celebrate Nike’s 30th anniversary of their slogan “Just Do it,” sparked both backlash and support of the brand.

China & Russia are Stockpiling Gold



Gold refineries in Switzerland sent a record amount of gold to Shanghai last December, and Russia is buying gold in droves as well, as the United States experiences a time of tumultuous politics and the european banking system is reported to be on the verge of collapse.

Figures released at the end of January by Federal Customs Administrations showed that Switzerland, a world leader in gold production, sent 158 tonnes of gold to China, a five time increase over November’s sum and nearly three times the volume in December 2015.

Donald Trump & Japanese Blockchain Researcher SoftBank Reach Deal on $50 Billion US Investment & 50,000 Jobs




Donald J Trump tweeted Tuesday that SoftBank of Japan agreed to invest $50 billion in the US towards businesses and 50,000 new jobs. The tweet comes on the even of Pearl Harbor, a scar on the memory of both nations. In announcing the deal, Mr. Trump makes good on a campaign promise to improve international relations. 

Trump: “Companies are not going to leave the United States anymore without consequences”



“Companies are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Trump said on Thursday at a rally in Indiana as he boasted about the job’s he’d saved at Carrier, a company that purportedly planned to go to move 2,100 jobs to Mexico.

Spanish Government Limits Cash Withdrawals to €1,000



The Spanish Government acted today to cap cash payments at €1,000, down from the current cap of  €2,500. Anti-fraud measures enacted today include a VAT information and increased regulation of deferred payments.

The government is working on measures against fraud, including limiting the payment in cash to 1,000 euros instead of the current 2,500. The decree is set to be approved by the Council of Ministers next Friday. The Ministry of Finance admits  it could be delayed.

India, Venezuela & Zimbabwe All Have Tragic Cash Problems

The word “cash” means different things in some parts of the world than in the US, Europe Australia and many other of the more stable economies worldwide. The Venezuela crisis has been ongoing, but trials and tribulations in India have meant a population short on cash. Meanwhile, things are “bizarre” in Zimbabwe where dollars go for dollars..with a premium.

Brussels tries to take more control over non-EU banks

In new rules for global banks who do financial business in Europe, Brussels tries to undermine future financial crises within the bloc and even gain more control over foreign financial firms.

The US Mint Won’t Even Buy Back Its Own Coins

Importers of scrap coins have waited for years as the US government tested coins, failing to return them without due process. Many coins appear to…

How Broke And Stoned Are You?

Rodrigo studied law, but never became a lawyer. The Mexican-American lives in Tijuana and works as a cannabis activist in California. He bounces between jobs.…

IRS Targets Colorado Marijuana Businesses




The Internal Revenue Service has sent many Colorado marijuana companies questionnaires largely focused on IRS Form 8300, which tracks cash transactions above a certain amount. Fears of money laundering charges have gripped cannabis entrepreneurs.

Bitcoin Companies Have No Problem Complying




Many people have opined that Bitcoin is not illegal, such as Chris Kitze. Their argument centers on how the digital currency does not comply with know your customer and anti-money laundering regulations.

But, it’s likely Bitcoin is easily regulatable. In general, it’s business, not the financial instruments themselves, that do the regulating. Incorporated businesses virtually sign documents stating that, if they come across individuals breaking laws, they will report them. This is particularly the case when it comes to the financial industry. Bitcoin companies are generally considered financial companies.

Reports flood the internet about Bitcoin related companies instituting stringent know your customer and anti-money laundering policies – the policies which ensure that people are not profiting from illegal fund moving or terrorist financing.

“America Is America’s Greece” – Exclusive Interview With Andrew Hoffman

A storm is brewing on the global level. In recent weeks the world has seen numerous nation-states plagued by economic turmoil. China, Greece, Puerto Rico, Venezuela and others have had a taste that the global crisis which shocked the world in 2008 was not in the past. Rather, it remained in the present, as well.  The Chinese stock market crashed, and its the second largest stock market in the world.  Pundits wondered – could the same happen in the US. 

NYSE Technical Glitch, China Stock Meltdown & Greece’s Final Hour

Trading on the New York Stock Exchanged resumed Wednesday after being halted for about four hours due to “unknown internal technical reasons.”  Internal technical issues are being cited for the reason why NYSE shut down trading at 11:32am EST, which also shut down trading on the NYSE MKT exchange, a market where small companies are traded.

In August 2013 a “Flash Freeze” shut the Nasdaq down for hours, as a “problem with NYSE systems” was blamed.  Today’s is but the fourth trading halt at the NYSE due to technical problems in 15 years.  Stock trading did not cease completely, as NYSE-listed stocks were still being traded on 11 other exchanges, like the Nasdaq.

European Central Bank Protests Turn Chaotic

Police in Frankfurt, Germany had barricaded with barbed wire the European Central Bank headquarters in preparation for demonstrations against “government austerity and capitalism.” Those demonstrations have come and gone, leaving a mess behind.

The so-called “Blockupy” alliance said activists were planning a blockade of the new headquarters of the ECB before a ceremony Wednesday to inaugurate the building, and to disrupt so-called “capitalist business as usual.”

Gold Price Stabilizes As European Central Bank Announces Quantitative Easing

Gold and silverbugs are starting to think things are changing in the precious metals market, even if most commodities are still a bit off. That demand has increased is typical for December, but prices are higher than they’ve been in quite awhile. Five months in fact.

The Daily Coin Talks Gold, Russia, Bitcoin & Art

As a daily contributor at SGTReport.com. for the past three years Rory has written dozens of original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 25, 2014. As a student of monetary, financial and economic history for the past seven years Rory has learned to watch the markets with an open mind and with a hand on his wallet.

Check out The Daily Coin on Facebook and Twitter.

The Viral Plan To Redesign America’s Money

Have you ever wondered why things could change so easily, but don’t? So has one man, who has set out with a very specific mission to change the way things are. Travis Purrington is on a mission to re-design the dollar as part of his master’s degree. Purrington wrote his 2011 master’s thesis for the Basel School of Design, presenting the proposal therein. Gizmodo called the design superior to the current banknotes. Mashable argued the nation should make the change. Slate wrote that the new designs are a hit. They  are all over Tumblr.

Bitcoin, Gold & Silver Liquidated For Alibaba?

Alibaba Group had a huge debut with its shares beginning to trade at $92.70, up over 36% from its IPO price of $68.  That increase on the New York Stock Exchange raised the company’s total market value from $168 billion to over $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in US history, dwarfing Facebook Inc’s IPO.

The price of bitcoin has fallen from its $513 price of one month ago to as low as $381.17 on Friday. This week alone the crypto-asset fell from $513 to $381.

The Banks Are More Profitable Than Ever, And There’s Even Fewer Of Them Than Before

Fewer banks and higher profits. That’s the reality in post-banking crisis USA, and really the western world.  American banks are doing better than ever, according to FDIC data.

America’s bank profited to the tune of $154 billion last year, nearly 10% more than the $141 billion in profits reported in 2012, and 6% more than the pre-crisis peak of the $145 billion in profits banks posted in 2006.

Meet The Most Charming Man In High Finance. His Expectation For The Future Affects Everybody

[heading]Meet The Most Charming Man In High Finance. His Expectation For The Future Affects Everybody[/heading]

JP Morgan has had to payout $20 billion to settle legal and regulatory matters in recent years, but still JPMorgan’s CEO, Jamie Dimon, remains one of the most popular figures in finance. How?

Although many of the Occupiers who lined the streets against Wall Street in 2011 might not know who Mr. Dimon is, those who follow finance closely do. And, chances are, despite his bank’s penchant for fraud and market manipulation, if you know who Mr. Dimon is, you’ve come to enjoy some of his antics.

Did You Get Screwed In An IPO?

[heading]Did You Get Screwed In An IPO?[/heading]

USA TODAY reports that regular joe schmoes of the investing world are getting screwed on the crashing value of recent IPOs. Privileged investors, who enter into the shares early, are contrarily winning big.

There have been 41 initial public offerings in the last year, with stocks such as Twitter, Noodles and Sprouts Farmers Market taking their businesses public. In each of these cases, privileged investors who bought shares at the so-called offering price are sitting on massive profits. Most individual investors, however, are suffering massive losses.

Are Adult Entertainers Being Driven To Gold, Silver, Bitcoin?

The US government doesn’t want people in so-called “high-risk” industries to have access to the banking system.

This includes everyone from gun shop owners, to bitcoiners to marijuana dispensaries and even porn stars!

But what the Department of Justice is overlooking is the simple fact that people will turn to gold, silver and bitcoin instead of the banking system. Bitcoin does not discriminate.

Why Twitter Is No “Catalyst For A New Technology Investment Mania”

When I saw the headline that Twitter was sparking a new “catalyst for a new technology investment mania”, I spit my tea all over Apple laptop. Thanks Financial Times.

As Financial Times writes, because of Twitter, “a new era has officially begun.”

I think they’ve missed the point.

Erratic Banks Make Using Bitcoin Unpredictable

[heading]Erratic Banks Make Using Bitcoin Unpredictable[/heading]

 

Regulators, authorities and bank management have shown their hand when it comes to Bitcoin: they are nervous about what the future might hold.

It’s A Woman’s World: New Fed Chairman Yellen Introduced

[heading]It’s A Woman’s World: New Fed Chairman Yellen Introduced[/heading]

Although the Federal Reserve chair is considered by many to be a figurehead, like President’s and Prime Ministers, women around the world can rejoice …finally.

As of today, it is officially a woman’s world.