tagged w/ Stock Market
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After their recent exchange during a "Larry King Live" interview, Congressman Paul challenges Ben Stein (and others who share his position) to a public debate over our nation's foreign policy and what truly motivates terrorists.After their recent exchange during a "Larry King Live" interview,... more
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"Gerald Celente is on the record for accurately forecasting and naming the current "Great Recession"; for forecasting the 1987 Stock Market Crash, the Dot-com bust, Gold Bull Run to Begin, 2001 Recession, the Real Estate bubble, the "Panic of '08", Tax Revolts, the coming "Greatest Depression" and many more social, economic, business, consumer and geopolitical trends..."
Happy New Year!"Gerald Celente is on the record for accurately forecasting and naming the... more
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Ron Paul
Infowars.com
December 13, 2009
Before the US House of Representatives, December 9, 2009
Madame Speaker, I rise to introduce the Free Competition in Currency Act of 2009. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game; if the farmer needs shoes, he must trade his eggs and milk to the cobbler and hope that the cobbler needs eggs and milk. Money makes the transaction process far easier. Rather than having to search for someone with reciprocal wants, the farmer can exchange his milk and eggs for an agreed-upon medium of exchange with which he can then purchase shoes.
This medium of exchange should satisfy certain properties: it should be durable, that is to say, it does not wear out easily; it should be portable, that is, easily carried; it should be divisible into units usable for every-day transactions; it should be recognizable and uniform, so that one unit of money has the same properties as every other unit; it should be scarce, in the economic sense, so that the extant supply does not satisfy the wants of everyone demanding it; it should be stable, so that the value of its purchasing power does not fluctuate wildly; and it should be reproducible, so that enough units of money can be created to satisfy the needs of exchange.
Over millennia of human history, gold and silver have been the two metals that have most often satisfied these conditions, survived the market process, and gained the trust of billions of people. Gold and silver are difficult to counterfeit, a property which ensures they will always be accepted in commerce. It is precisely for this reason that gold and silver are anathema to governments. A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government. Without the ability to inflate the currency, governments find themselves constrained in their actions, unable to carry on wars of aggression or to appease their overtaxed citizens with bread and circuses.
At this country’s founding, there was no government-controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established. In the meantime, Americans made do with foreign silver and gold coins. Even after the Mint’s operations got underway, foreign coins continued to circulate within the United States, and did so for several decades.
On the desk in my office I have a sign that says: “Don’t steal – the government hates competition.” Indeed, any power a government arrogates to itself, it is loathe to give back to the people. Just as we have gone from a constitutionally-instituted national defense consisting of a limited army and navy bolstered by militias and letters of marque and reprisal, we have moved from a system of competing currencies to a government-instituted banking cartel that monopolizes the issuance of currency. In order to reintroduce a system of competing currencies, there are three steps that must be taken to produce a legal climate favorable to competition.
More at link.
End the Fed=Save America.Ron Paul
Infowars.com
December 13, 2009
Before the US House of Representatives,... more
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NEW YORK, Dec 1 (Reuters) - The Dow Jones industrial average climbed to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.
Sentiment also got a lift as concerns receded about the impact of Dubai's debt trouble after news that Dubai World planned to restructure about $26 billion in debt.
The dollar's decline bolstered shares of commodity-oriented companies like U.S. Steel Corp (X.N), up 1.2 percent at $45.18; Alcoa Inc (AA.N), up 2.2 percent at $12.80, and Newmont Mining Corp (NEM.N), up 3.8 percent at $55.66.
Data showed pending sales of previously owned U.S. homes rose more than expected to their highest level in 3-1/2 years in October. The Dow Jones home construction index .DJUSHB gained 1.3 percent. For details, see [ID:nN01495024]
"People are starting to realize that things are coming back. There are some pockets of weakness, but overall, we're healing globally, and the overall trend is very positive," said Thomas Belesis, chief executive officer at John Thomas Financial in New York.
Concerns over a possible debt default by Dubai World triggered a sell-off in stocks globally on Friday.
"Friday's fears about Dubai were overblown ... Investors know the situation is out there, but they're putting that aside," Belesis said.
The Dow Jones industrial average .DJI shot up 126.74 points, or 1.23 percent, to end at 10,471.58. The Standard & Poor's 500 Index .SPX rose 13.23 points, or 1.21 percent, to 1,108.86. The Nasdaq Composite Index .IXIC advanced 31.21 points, or 1.46 percent, to close at 2,175.81.
The U.S. dollar index .DXY fell 0.6 percent as waning anxiety about Dubai limited the greenback's safe-haven appeal. The index measures the dollar's performance against a basket of major currencies. [ID:nN01332891]
U.S. crude oil futures gained $1.09 to settle at $78.37 a barrel, while the S&P Energy Index .GSPE advanced 1.4 percent. Shares of Exxon Mobil Corp (XOM.N) shot up 1.3 percent to $76.04.
In the day's housing data, sales advanced to their highest level in 3-1/2 years, according to a report from the National Association of Realtors.
Other data showed construction spending was flat in October, above the expectation for it to slide in the month. In addition, the Institute for Supply Management said that the manufacturing sector expanded in November, though the expansion was less than expected. [ID:nN01482360] and [ID:nN01377451]
Staples Inc (SPLS.O) rose 4.8 percent to $24.44 after it reported adjusted third-quarter earnings that beat expectations and forecast sales growth in its fourth quarter. [ID:nN30469390] ((Additional reporting by Ryan Vlastelica; Editing by Jan Paschal) ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging:caroline.valetkevitch.reuters.com@reuters.net)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: topnews.reuters.com))NEW YORK, Dec 1 (Reuters) - The Dow Jones industrial average climbed to its highest... more
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,_but_it's_been_morally_bankrupt_all_along
Seems like a domino effect happening here.,_but_it's_been_morally_bankrupt_all_along
Seems like a domino effect happening... more
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Alternative world and financial news for the risk industry; encompasses coverage of real time events likely to lead to eventual insurance and reinsurance claims. Interviews with newsmakers.Alternative world and financial news for the risk industry; encompasses coverage of... more
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NEW YORK (Reuters) - U.S. stock dropped on Friday as a possible debt default at a Dubai state-owned conglomerate sparked fears of renewed financial turmoil.
All 30 Dow components and all 10 S&P sectors were in negative territory. Though the markets were down, they had eased from session lows.
"The market is reacting to news of a significant credit risk," said David Katz, chief investment officer at Matrix Asset Advisors in New York. "However, we've seen that once the dust settles, some of the markets that were hit the hardest rebound."
Katz added that the United States had less exposure to Dubai than other countries, and expects a deal to be worked out in Dubai.
The Dow Jones industrial average (DJI:^DJI - News) fell 161.96 points, or 1.54 percent, to 10,303.65. The Standard & Poor's 500 Index (^SPX - News) tumbled 19.26 points, or 1.76 percent, to 1,091.29. The Nasdaq Composite Index (Nasdaq:^IXIC - News) dropped 38.03 points, or 1.75 percent, to 2,138.07.
On Wednesday, Dubai, with about $80 billion in total debt, said it would ask creditors of state-owned Dubai World and builder Nakheel, for a standstill agreement as a first step toward restructuring.
"This is an attention-getter in an environment where investors have become more complacent," said Kevin Caron, market strategist at Stifel, Nicolaus & Co in Florham Park, New Jersey.
"Dubai is deeply connected with the global community, and people are worried about a domino effect with other points of the financial system."
The U.S. dollar rose 0.4 percent against a basket of currencies (^DXY - News), while January crude futures dropped 4 percent. Dow component Exxon Mobil Corp (NYSE:XOM - News) shares fell 1.9 percent to $75.02.
"Black Friday" marks the unofficial start to the holiday shopping period, and investors will be watching store cash registers for insight into consumer spending, which accounts for about 70 percent of the economy.NEW YORK (Reuters) - U.S. stock dropped on Friday as a possible debt default at a... more
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Trading on the London Stock Exchange (LSE) has been brought to a halt due to technical difficulties.
The LSE said it had been affected by connectivity issues and at 10.33 GMT had placed all orders for shares into an "auction call period".
FROM BBC NEWS
http://news.bbc.co.uk/1/hi/business/8380607.stmTrading on the London Stock Exchange (LSE) has been brought to a halt due to technical... more
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pcs007
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9/17/2009 Fox Business Peter Schiff discusses Gold prices and the inflationary pressures that are created by cheap, loose, easy credit by the unconstitutional Federal Reserve System.
***This article has been chosen as a discussion topic on PFP Movement Radio, http://www.blogtalkradio.com/pfpmovementradio Friday night at 6pm-8pm. Please Call In To The Show, 347-633-9636. COMMENTS will be included in the show so feel free to discuss or ask questions here on current.com as they will be addressed during the show. This article will also air on Freedom Hour Saturday at 9pm-10pm on Movement TV http://www.peacefreedomprosperity.com/?page_id=36***9/17/2009 Fox Business Peter Schiff discusses Gold prices and the inflationary... more
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This is an interview with Morrison Bonpasse, President of the Single Global Currency Association. He calmly talks about the decline of the dollar and destruction of the United States in favor of a Global Currency and Global Government. Here's some highlights:
"di Stefano: What should replace the U.S. dollar?
Bonpasse: Very simply, a single global currency, managed by a Global Central Bank within a Global Monetary Union, should succeed the dollar.
di Stefano: How long might this process take?
Bonpasse: The goal of the Single Global Currency Association is a single global currency, managed by a Global Central Bank within a Global Monetary Union by 2024, which is now 15 years away.
However, the process needn't take that long. If the decision makers in the U.S. and EMU decided to merge the dollar and the euro into a monetary union, that could be accomplished in less than five years, and that merged currency, whatever its name, would become the single global currency."
The Global corporate elite are systematically destroying our country in order to establish a 1 World Government. They openly state it and laugh in our faces.
Meanwhile, Americans watch the big game, play RPGs and watch American Idol. Then they line up to get their kids injected with a Swine Flu shot only to watch them become autistic drones. Can't you see that they are bankrupting our country on purpose?This is an interview with Morrison Bonpasse, President of the Single Global Currency... more
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The company has two luxury corporate jets. They dine on fine gold plated silver, all at the expense of denying life saving care to policyholders they sponge off of.The company has two luxury corporate jets. They dine on fine gold plated silver, all... more
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Stocks plunged Friday in the face of weak consumer data, erasing a powerful rally the day before and ending a pattern of monthly gains.
By the end of trading, the three major stock averages had more than given up the 2 percent gains they made on Thursday, when enthusiasm over economic growth data sent stocks surging.
The Dow Jones industrial average closed down 249.85 points, or 2.5 percent, to 9,712.73, according to preliminary calculations. The Standard and Poor’s 500-stock index was off 29.93 points, or 2.81 percent, to 1,036.18, and the Nasdaq composite showed a decline of 52.44 points, or 2.50 percent, to 2,045.11.
The drops were led by stocks in banks and financial firms, which investors abandoned in light of a Commerce Department report that showed consumers were still in distress. Consumer spending in September dropped by the largest amount in nine months, the report said, a dreary data point that met Wall Street expectations but reinforced the slow, halting recovery of the United States economy.
...More...Stocks plunged Friday in the face of weak consumer data, erasing a powerful rally the... more
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SAN FRANCISCO (Reuters) - Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.
Sales of Mac computers -- the largest single contributor to Apple's revenue -- jumped 17 percent from a year earlier to 3.05 million in the September quarter, above analysts' average estimate of about 2.8 million.
Sales of iPhones rose 7 percent to 7.4 million, just shy of Wall Street expectations of 7.5 million units. The company said it had a tough time making enough iPhones to meet demand.
"These are huge numbers tonight. Apple is probably the best growth story in tech, maybe one of the best growth stocks in the market. I bet this stock can go to $250 in six to nine months," said Jane Snorek, analyst at First American Funds.
"Usually Christmas and back-to-school are correlated and Apple usually has a gigantic Christmas quarter. This makes me think Apple will have a great Christmas.
Shares of Apple jumped 7.5 percent to above $204 in extended trading. It had closed at $189.86 on Nasdaq. The stock's record intraday high was $202.96 on December 27, 2007.
...More...SAN FRANCISCO (Reuters) - Apple Inc's profits and sales streaked past Wall Street... more
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The stock market isn't necessarily something many people want to be thinking about at the moment, but this little arty application might take the edge off of those margin calls.
Created by media student James Grant, this orbiting system is a visual feast that might prove useful in the future. As mentioned on the website Flowing Data, the Stock Ticker Orbital Comparison (or "STOC") might make a good prop "in the background in some futuristic stock market movie," as its immediate use is very limited. Grant gives a disclaimer on his site that the downloadable application should not be used for any kind of trading as it's not in real time (it can lag real trading values by 20 minutes and it can lock up all together) and it hasn't been tested in a trading environment.
So, it's more of a design project, but it's not too hard to see how this might be of practical use. As you watch the dots flying around -- much like the stars orbiting a galactic nucleus, but I'll ignore the impossible mix of orbital speeds and prograde/retrograde orbital chaos -- you get a great overall view of the companies in the Standard & Poor's 500.
I think the usefulness would increase if the most active stocks (the ones that are being traded the most) drift closer to the core (thus spinning around faster) and if all the stocks orbited in the same direction. Other than that, it's certainly fun to play around with even if, like me, you can't tell the difference between a bull and a bear.
You can download a beta version from Uniform Chaos and get involved in the development of the program:
http://www.uniformchaos.org/stoc.phpThe stock market isn't necessarily something many people want to be thinking... more
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From the Lovington Leader by John Graham--Cap and trade legislation may be one of the biggest issues facing the oil and gas industry according to Dr. Daniel Fine, Associate of Policy, Strategy and Development at New Mexico Tech. He also serves on the New Mexico Center for Energy Policy which is hosting the presentation by former Shell Oil executive, John Hofmeister tonight.
“What is the purpose to cap and trade?” asks Fine. “Is the purpose to raise revenue? Is the purpose to lower CO2? Or both?” The bill (Waxman-Markey) coming out of the U.S. House of Representatives claims both purposes without a clear policy declaration.
The bill is now in the hands of the U.S. Senate.From the Lovington Leader by John Graham--Cap and trade legislation may be one of the... more
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W.H. Graham for the Lovington Leader--Hobbs--Hard to believe. A veteran oil company executive who once headed a globe-girdling oil company is
Van Romero and John Hofmeister
Dr. Van Romero of New Mexico Tech, left, led an interactive question and comment session following the formal address of John Hofmeister, right.
calling for a new regulatory agency, the Federal Energy Resources Board - - FERB if you please.
But wait, there is method in his madness. For this new over-arching regulatory giant he would trade oversight authority of 26 legislative committees and 13 government agencies that have regulatory power over the U.S. energy business.
The byzantine regulatory complex would thus be reduced to one authority instead of the 39 that oil and gas producers, refiners, and marketers now face. Maybe he has something there.W.H. Graham for the Lovington Leader--Hobbs--Hard to believe. A veteran oil company... more
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The nation is facing an energy crisis where rolling blackouts, gas hoarding and high energy prices will become everyday occurrences.
That was the message Tuesday from former Shell Oil Co. President John Hofmeister during a one-hour talk titled “Affordable Energy in the 21st Century: Enablers and Disablers” at Tydings Auditorium.
Hofmeister visited Hobbs through a joint project by New Mexico Tech’s Center for Energy Policy at New Mexico Junior College and the E c o n o m i c D e v e l o p m e n t Corporation of Lea County.
Hofmeister focused on the pitfalls that will lead up to what he calls the “Age of Energy Abyss” and what he believes could prevent it from happening within 10 years.The nation is facing an energy crisis where rolling blackouts, gas hoarding and high... more
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Since taking office as the President of the United States, President Obama has encountered crisis after crisis. His next major crisis will be oil prices.Since taking office as the President of the United States, President Obama has... more
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SEC Hires 29-Year-Old Ex-Goldman Sachs Exec For Key Role
For those who've lamented the various links between Goldman Sachs and the financial regulatory system, this certainly isn't good news.
Bloomberg reports that the Securities Exchange Commission has named Adam Storch, a former Goldman exec, as its enforcement division's first chief operating officer. Storch is actually just 29 years old and previously worked in Goldman's business intelligence unit.
Here's Bloomberg:
"The COO, who started Oct. 13, has "a great deal of background" in technology and managing processes and the pace of work, Robert Khuzami, head of enforcement, said yesterday in Washington. Storch, who worked since 2004 in a unit at Goldman Sachs that reviewed contracts and transactions for signs of fraud, will be charged with making the unit more efficient. Storch, reached by telephone at the SEC, declined to comment."
According to what appears to be his LinkedIn profile, Storch spent his undergraduate years at the State University Of New York At Buffalo, and earned an MBA from New York University's Stern School Of Business. Other experience -- besides Goldman -- includes working as a Senior Analyst at Deloitte and Touche.
The Business Insider grabbed a picture of Storch, who they write, "seems to be a big fan of Bill Clinton. At Stern, he created a website asking people to vote for Bill Clinton in the 2008 election. 'Don't stand for the 22nd Amendment!' the website implores." (Check out their screen shot of Storch's site here.)
Read more at: http://www.huffingtonpost.com/2009/10/16/adam-storch-sec-hires-exg_n_323526.htmlSEC Hires 29-Year-Old Ex-Goldman Sachs Exec For Key Role
For those who've... more
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