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Keyword: finance

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  • World Economic Forum Outlines Its ‘Great Reset’ to End Traditional Capitalism

    10/25/2020 11:21:47 PM PDT · by Mount Athos · 21 replies
    Breitbart ^ | 10/14/2020 | SIMON KENT
    The coronavirus crisis presents an opportunity for a “new kind of capitalism” and “great reset” of global economies, politics, and societies, according to World Economic Forum (WEF) founder and executive chairman Klaus Schwab. Schwab claims neo-liberalism is dead and with it traditional notions of economic capitalism. In their place is a set of “Stakeholder Capitalism Metrics” the WEF says enables the world to progress under one set of overarching rules as drawn up by it, with “social justice” a key component of this brave new world. He foresees the coronavirus crisis as too good an opportunity not to “re-evaluate sacred...
  • House of Cards - How Joe Biden helped build a financial system that’s great for Delaware banks and terrible for the rest of us.

    10/16/2020 1:22:49 PM PDT · by nickcarraway · 7 replies
    Mother Jones ^ | DECEMBER 2019 | Tim Murphy
    In early 1973, as Joe Biden was settling into his new job in Washington, DC, Ralph Nader published a deconstruction of what made the freshman Democratic senator’s state of Delaware, the most anodyne of states, so exceptional. The answer, The Company State explained, had to do with the unique relationship between government and commerce: Delaware was less a democracy than a fiefdom, contorting its laws to meet the demands of its corporate lords. Preeminent among them was the chemical giant DuPont. Nader took readers to Rodney Square, in the heart of Wilmington. There was the ritzy Hotel du Pont, housed...
  • Corona is a Trojan Horse for ‘The Great Reset’

    10/14/2020 5:06:09 PM PDT · by Roman_War_Criminal · 34 replies
    ss ^ | 10/13/20 | ss
    Sky News host Rowan Dean says the next World Economic Forum in Davos has morphed from a “jet-setter climate gabfest” into a sinister “anti-democratic enterprise designed to destroy your job, steal your prosperity and rob your kids of a future.” “It’s a hardcore leftist eco-horror show replete with quasi-fascism,” he said. Mr Dean highlighted what he described as a “disturbing trend among many of the world’s left-wing elites to increasingly conflate COVID-19 with climate change. Many are going so far as to suggest that all the measures applied to the coronavirus, the lockdowns, the destruction of businesses, the suppression of...
  • Understanding the Left

    10/14/2020 8:27:20 AM PDT · by karpov · 4 replies
    The Grumpy Economist ^ | October 13, 2020 | John Cochrane
    ... A new wave of government expansion is cresting. It poses a threat not just to our economic well being, but to our freedom — social, political and economic. 1. A will to power Consider the economic agenda proposed by the Democratic presidential candidates: A government takeover of health care. Taxpayer bailout of student loans. Necessarily, after that, government funded and administered college. An immense industrial-planning and regulation effort in the name of climate. Government jobs for all. “Basic income” transfers on top of social programs. Confiscatory wealth, income, estate and corporate taxation. Government and “stakeholder” control of corporate boards....
  • november election and stock stop loss / stop limit orders

    10/06/2020 7:03:48 PM PDT · by SteveH · 48 replies
    me | 10/6/2020 | me
    any wisdom out there on the november election and setting stock stop loss or stop limit orders? i am currently figuring that the worst is if biden wins or the outcome is placed into limbo pending recounts. if this is the case, presumably there will be a dip in stock prices. however, will the dip last very long? trump will still be in office until january 20, 2021, which means that stocks would seem still relatively safe up until january 20, 2021. so, january 19 (eg january 15) or slightly earlier might make a good time to sell stocks manually....
  • Guess How the Times Knows So Much About Tax Losses Trump Uses

    10/01/2020 7:22:26 PM PDT · by Enterprise · 13 replies
    https://www.nysun.com ^ | September 30, 2020 | IRA STOLL
    The New York Times’ investigation of President Trump says the president used big tax losses in some years to avoid paying taxes in others, that he invested some of his profits into money-losing businesses, and that Mr. Trump paid his daughter as “a way to transfer assets to his children.” In addition, it says that Mr. Trump’s businesses are propped up by foreign revenue and that Mr. Trump “has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and properties.” The Times ought to know...
  • THE ONLY THING SYSTEMATIC IS THE DESTRUCTION OF AMERICA

    10/01/2020 4:08:46 PM PDT · by amorphous · 2 replies
    The Burning Platform ^ | 28 September 2020
    “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” – Upton Sinclair Part I: Upton Sinclair was describing willful ignorance based upon who butters your bread. The rampant corruption of our society, as power has been consolidated into fewer and fewer hands, has resulted in our political, financial, cultural and economic systems being captured by a billionaire class who use their wealth to dictate the path we are forced to follow – or lose everything. The sociopath class include the Silicon Valley social media titans, the billionaires running the six...
  • SEC penalized BMW $18 million for disclosing inaccurate and misleading retail sales information

    09/30/2020 5:14:15 PM PDT · by buckalfa · 3 replies
    Upstate Business Journal ^ | September 28, 2020 | Alex Cooper
    The Securities and Exchange Commission announced on Thursday, Sept. 24, that it had settled charges against BMW for disclosing inaccurate and misleading information about the automaker’s retail sales volume here in the United States as it raised around $18 billion from investors. BMW — the German-based automaker BMW AG and two U.S. subsidiaries including BMW of North America and BMW US Capital — inflated its reported sales, which then helped the company decrease the gap between its actual sales and internal targets, according to a release by the SEC. The inflated sales also kept BMW in a “leading sales position”...
  • Party of the Little Guy? Why Wall Street shamelessly favors Joe Biden.

    09/24/2020 2:59:06 PM PDT · by Vigilanteman · 10 replies
    An e-mail ^ | 24 September 2020 | My brother-in-law
    Just sharing this with you because it is something I need to learn how to do more often. and more importantly, do it. If you don't have an account with Schwab or other zero commission broker, you need to get one. The pattern is basically this: (1) Watch a few (probably no more than 3 dozen) stocks which (a)trade a lot, (b)have some strong swings, (c)are basically good investments. (2) When news happens which causes a unusual swing (40% in this case, 5% in a more typical case), take the opposite position as the market because such swings are almost...
  • Discover Blocks Credit Card Donations To Christian Site Collecting For Alleged Teen Shooter Kyle Rittenhouse

    09/08/2020 7:12:22 AM PDT · by spacejunkie2001 · 41 replies
    Forbes ^ | 9/3/20 | Karen Robinson-Jacobs
    BREAKING|159,586 views|Sep 3, 2020,02:52pm EDT Discover Blocks Credit Card Donations To Christian Site Collecting For Alleged Teen Shooter Kyle Rittenhouse Karen Robinson-Jacobs Karen Robinson-JacobsForbes Staff Business I cover breaking news with an emphasis on race. TOPLINE Discover, one of the nation’s top credit card issuers, told Forbes it has blocked its users’ ability to make any donations on the Christian crowdfunding site GiveSendGo which has raised more than $380,000 for accused Kenosha teen shooter Kyle Rittenhouse, who has garnered support from the far-right as a national debate rages on vigilante justice. Kyle Rittenhouse (in green) was among the volunteers to...
  • Apple becomes first U.S. company with $2 trillion market value

    08/19/2020 9:07:05 AM PDT · by Swordmaker · 85 replies
    MacDailyNews ^ | August 19, 2020
    Apple today hit a market value of $2 trillion, doubling in valuation in just over two years. Apple, the first publicly traded U.S. company to reach a $1 trillion market cap, is now the first publicly traded U.S. company to reach a $2 trillion market cap. Apple first reached a $1 trillion market cap on August 2, 2018. On July 31, 2020, Apple surpassed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company. MacDailyNews Take: Congrats, Apple and AAPL shareholders! Onward and upward!
  • Are rental properties or index funds better in pursuit early retirement?

    08/11/2020 7:39:43 AM PDT · by SeekAndFind · 35 replies
    Mortgage Rate Lab ^ | 08/11/2020 | Sam Swenson, CFA, CPA, The Motley Fool
    FIRE (Financial Independence, Retire Early), a flourishing lifestyle movement, has crept its way into mainstream culture throughout the past decade. As we've seen the pandemic spark a renewed push for people to create more autonomy in their lives, there is continued debate about the most sensible way to invest if FIRE is your goal. Real estate proponents advocate for potentially robust monthly cash flow, price appreciation, and tax advantages, whereas index fund adherents cite minimal expenses, a lack of constant oversight, and efficient trading as reasons to invest. In reality, there are benefits to both strategies, which might lead you...
  • At the Atlantic Council, Foreign Money Talks

    08/08/2020 12:56:41 AM PDT · by MarvinStinson · 8 replies
    freebeacon ^ | AUGUST 7, 2020 | Eliana Johnson
    Sources tell the Washington Free Beacon that foreign governments exert pressure on the ostensibly independent think tank’s scholarship and programming Turkish president Recep Tayyip ErdoganTurkish president Recep Tayyip Erdogan / Getty Images Eliana Johnson - AUGUST 7, 2020 5:00 AM When Turkish president Recep Tayyip Erdogan’s bodyguards were arrested after attacking a crowd of protesters outside the Turkish ambassador’s residence in May 2017, Erdogan and his crew were heading inside for a private, off-the-record meeting with Atlantic Council fellows and board members. That event is just one example of the close relationship between the Washington, D.C., think tank and the...
  • Mortgage rates fall below 3 percent for first time

    07/16/2020 9:42:15 PM PDT · by rintintin · 25 replies
    Houston Chronicle ^ | July 16 2020 | RA Schuetz
    The average rate for a 30-year-fixed mortgage fell below 3 percent last week for the first time, according to the government-sponsored mortgage-finance company Freddie Mac. The falling rates are making homes more affordable for buyers and spurring a wave of refinancing as homeowners seek to lower monthly payments. Freddie Mac estimates that at current rates, most homeowners with mortgages could save money by refinancing — a financial boon for potentially tens of millions during a recession.
  • The Dollar “Has Us By The Throat”: Chinese Official Urges Gradual Decoupling Of Yuan Ahead Of ”Full-Blown Escalation”

    07/14/2020 8:30:25 PM PDT · by SeekAndFind · 35 replies
    Austrian Economics Blog ^ | 07/14/2020 | Tyler Durden
    With all eyes on Trump's Tuesday evening Rose Garden speech which unveiled that he'll sign new and punitive measures indirectly targeting China — namely the Hong Kong Autonomy Act, a bipartisan measure to penalize banks that work with Chinese officials found to be interfering in Hong Kong affairs — it remains that arguably the most important recent statements out of China came not from current government officials, but from Zhou Li, the 65-year-old former deputy head of the Chinese Communist Party's International Liaison Department. He's considered an important voice who echoes the outside the box thinking and general "talk"...
  • Chelsea Clinton is reportedly in the 'very early stages' of forming her own venture capital firm

    07/11/2020 8:03:51 PM PDT · by simpson96 · 56 replies
    Business Insider ^ | 7/9/2020 | Avery Hartmans
    Chelsea Clinton is reportedly entering the venture capital scene. That's according to Axios' Kia Kokalitcheva and Dan Primack, who reported Thursday morning that Clinton is in the "very early stages" of forming a new fund called Metrodora Ventures, named after one of the first women to write a medical text. Axios reports that Clinton is still determining whether she wants to become a full-time VC, but noted that the name of the fund was registered in April, there's a draft pitch deck being passed around, and Metrodora Ventures has its own Twitter account, created in July. On Twitter, the firm...
  • 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal

    06/30/2020 2:06:43 AM PDT · by Candor7 · 103 replies
    The Donald Win ^ | 29 June 2020 | dirtysanchez69
    The story is shocking in exposing just how multi-faceted fraud is in China: capitalizing on pre-existing cronyism and connections with China's powerful army, the founder of Kingold was allowed to basically do anything he wanted, no questions asked, including counterfeiting over 83 tons of gold bars to get billions in funds to participate in China's housing bubble, only for a series of unexpected events to unwind the frauds one after another and expose the type of sordid scandal that is at the heart of most Chinese "enterprises" and business ventures.
  • BLM Co-Founder Appears To Violate IRS Laws On CNN

    06/28/2020 5:33:43 AM PDT · by gattaca · 54 replies
    The Federalist ^ | June 26, 2020 | Elle Reynolds
    A co-founder of the Black Lives Matter Global Network weighed in on the 2020 election, in an apparent violation of Internal Revenue Service laws prohibiting 501(c)(3) organizations from engaging in campaign activity. Patrisse Cullors, in her official capacity as a co-founder of the BLM Global Network, told CNN on June 19 that “our goal is to get Trump out.” “Trump not only needs to not be in office in November but he should resign now,” she insisted. “Trump needs to be out of office. He is not fit for office.” According to the IRS, a 501(c)(3) organization “may not participate...
  • A Terrorist’s Ties to a Leading Black Lives Matter Group

    06/26/2020 4:51:37 AM PDT · by WWG1WWA · 52 replies
    CapitalResearch.org ^ | June 23, 2020 | Scott Walter
    Some conservatives have begun speculating the unrest in American cities—even as late as Monday night in Washington, DC, as “protestors” unsuccessfully worked to tear down a statue of Andrew Jackson and set up an autonomous zone across the street from the White House—may in part be an attempt to affect the upcoming presidential election, with the chaos and violence intended to make it as difficult as possible for Donald Trump to win a second term. Lending credence to this idea is the fact that at least one board member of Thousand Currents—the group fiscally sponsoring the most organized part of...
  • Wall Street's nightmare: Elizabeth Warren as Treasury Secretary

    06/26/2020 5:22:27 AM PDT · by C19fan · 9 replies
    CNN ^ | June 25, 2020 | Matt Egan
    Wall Street dodged a bullet when Elizabeth Warren's campaign for the White House fizzled out. But Warren, a fierce critic of big banks, could still play a forceful role in shaping policy in a potential Biden administration. If Joe Biden wins in November, Warren is the "favorite" to become the nation's first woman Treasury secretary, according to Cowen Washington Research Group. "We believe Warren would be an especially powerful Treasury secretary with Biden likely delegating to her primary responsibility for financial and economic policy," Jaret Seiberg, policy analyst at Cowen, wrote in a note to clients on Thursday.