Category: Business

Boeing fires CEO Dennis Muilenburg after disastrous year
23. 12. 2019 No Responses

Boeing fires CEO Dennis Muilenburg after disastrous year

Boeing fires top boss and Aviation Week & Space Technology’s Person of The Year Dennis Muilenburg over failure to deal with 737 MAX crisis. US planemaker Boeing has replaced its CEO Dennis Muilenburg after the company faced a series of...
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Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared
23. 12. 2019 No Responses

Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Maybe as some kind of Christmas gifts $1.5 Trillion In $100 Bills Have Disappeared from circulation. Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to.....
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African countries walk away from Paris-backed Franc
23. 12. 2019 No Responses

African countries walk away from Paris-backed Franc

Macron blasts colonialism: Grave mistake & fault of France. Emmanuel Macron delved into his country’s imperial past, saying France’s territorial conquests were a mistake that should be fixed – including by welcoming African countries reforming the c...
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Chevron’s $11 Billion Impairment
21. 12. 2019 No Responses

Chevron’s $11 Billion Impairment

From Chevron’s press release: “As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appa...
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Goldman Sachs To Admit Guilt, Pay $2 Billion Fine In 1MDB Scandal Settlement
19. 12. 2019 No Responses

Goldman Sachs To Admit Guilt, Pay $2 Billion Fine In 1MDB Scandal Settlement

Goldman To Admit Guilt, Pay $2BN Fine And Hire Independent Monitor In Historic 1MDB Settlement.  Two weeks ago, Bloomberg reported that Goldman Sachs and the Department of Justice were finally nearing a deal in the federal probe of the Vampire Squid’s...
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Is the FED’s $3 Trillion in Loans to Trading Houses on Wall Street Legal?
18. 12. 2019 No Responses

Is the FED’s $3 Trillion in Loans to Trading Houses on Wall Street Legal?

The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which...
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FED Is Monetizing 90% of U.S. Deficit
17. 12. 2019 No Responses

FED Is Monetizing 90% of U.S. Deficit

FED Is Monetizing 90% of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets.  As can be clearly seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow...
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The FED Is Monetizing Debt Again
9. 12. 2019 No Responses

The FED Is Monetizing Debt Again

It was back in 2012 that famed contrarian and value investing hedge fund icon, David Einhorn, first took aim at the pinnacle of market manipulation when he slammed the Fed for creating the ultimate toxic cocktail: something he called the...
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Thailand Blockchain Week 2019 – The emergence of new ideas
4. 12. 2019 No Responses

Thailand Blockchain Week 2019 – The emergence of new ideas

Early this December was another exciting time in blockchain and FinTech sector. Bangkok packed with blockchain experts from Tokyo, Singapore, Hong Kong, South Korea, and China. This was a special moment for Thailand and whole Asia. The main topics were:...
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British Virgin Islands Announce US Dollar-Backed Crypto
4. 12. 2019 No Responses

British Virgin Islands Announce US Dollar-Backed Crypto

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintec...
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Huawei’s phones and networking equipment are now “American-free”
3. 12. 2019 No Responses

Huawei’s phones and networking equipment are now “American-free”

According to a report from UBS and Fomalhaut Techno Solutions cited by the Wall Street Journal, the Huawei Mate 30 Pro flagship phone contains no American made parts. That isn’t surprising since the manufacturer is banned from its U.S. supply chain by...
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Federal Reserve Proposes New Rule To Let Inflation Run Hot
2. 12. 2019 No Responses

Federal Reserve Proposes New Rule To Let Inflation Run Hot

Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation. It has now considered launching a new rule that would let inflation run above its 2% target to...
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Israeli mobile phones-hacking spy van scandal triggers privacy breach probe in Cyprus
30. 11. 2019 No Responses

Israeli mobile phones-hacking spy van scandal triggers privacy breach probe in Cyprus

Cypriot police are deepening their probe into a high-tech ‘spy van’ spotted on the island, owned by an Israeli surveillance firm and capable of hacking into any smartphone from a kilometer away. Its exact purpose remains unknown. The mysterious vehicle...
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Mercedes-Benz owner Daimler to cut 10,000 jobs and Audi to cut 9,500
29. 11. 2019 No Responses

Mercedes-Benz owner Daimler to cut 10,000 jobs and Audi to cut 9,500

Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars. Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would...
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Oil Service Stocks – Uninvestable
27. 11. 2019 No Responses

Oil Service Stocks – Uninvestable

Interest In Oil Service Stocks At A “Career Low”, Piper Warns. Collectively, the consensus view is that the oil service sector remains un-investable. There have been few sectors dripping with apathy of late quite like the oil services sector. On ...
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