Westport, Connecticut-based Bridgewater Associates, the largest hedge fund firm in the world, was one of the first to “embrace quantitative analysis,” according to a recent article in The New York Times that delves into the idiosyncrasies of the Bridgewater culture—both positive and negative—on what it terms a “rigid and sometimes oppressive work environment.” The article… Read More
HARMONY Gold said a full criminal investigation was underway following the murder yesterday of the regional mine manager of its Tshepong and Phakisa mining operations near Welkom in South Africa’s Free State province. The gold mining firm confirmed today that Simphiwe Kubekha, the regional general manager of Tshepong and Phakisa, was shot and killed on… Read More
Please don't fall for tax reform. It’s a con, and a shell game. It's a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything. Tax reform proposals always evade and obscure the real issue, which is the total cost– financial, compliance, and human– taxes impose on society. The… Read More
– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President… Read More
Gold Investment “Compelling” As Fed Likely To Create Next Recession – Is the Fed about to kill the business cycle? – 16 out of 19 rate-hike cycles in past 100 years ended in recession – Total global debt at all time high – see chart – Global debt is 327% of world GDP – ticking timebomb…… Read More
NIA is excited to announce Hive Blockchain (TSXV: HIVE) as its new #1 favorite Cryptocurrency stock suggestion. Back on March 3rd, NIA announced Ethereum at $18.50 as its #1 Cryptocurrency suggestion and over the following 3 1/2 months, Ethereum gained by 2,100% to a record high of $407.10! The world’s largest Ethereum mining hashrate provider is Genesis Mining.… Read More
Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar. Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill up your… Read More
COAL wage negotiations in South Africa may be taking a turn for the worse after the National Union of Mineworkers (NUM) served notice it would embark on a strike at Exxaro Resources’ Grootegeluk and Leeuwpan mines tomorrow (September 14). The union, which has demanded a wage increase of 10%, said it had been locked in… Read More
It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon. Due to the extreme debt levels, many banks are close to that point of failure. Source: hubertmoolman.wordpress.com
On Sept. 1, a new report out of Asia is signaling China is ready to make their next move against the Petrodollar, and the next step in their plans to bring about a return to gold backed finance. According to sources, China is preparing to roll out a new oil contract that will be denominated… Read More
Meteorologists have been shocked at how rapidly Hurricane Irma has been strengthening, and they are already warning that if it hits the United States as a high level category 5 storm the devastation would be absolutely unprecedented. Of course we are already dealing with the aftermath of Hurricane Harvey, and many experts are already telling… Read More