The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label businesses. Show all posts
Showing posts with label businesses. Show all posts

Thursday, June 15, 2017

A few days after appointing a director, Texas contracts Austin metals company to run their Gold Depository

While it took about two years to finally get the ball rolling after the state of Texas passed legislation to setup a gold depository back in 2015, that changed this week as movement towards opening the gold vault hit the fast track as the state has now selected both a new Director, and vendor to run the facility.

On June 14 Texas announced they are contracting Lone Star Tangible Assets to run the day to day operations of the state's Gold Depository, which will be a completely insured precious metals vault that will allow the state, municipalities, individuals, and businesses to buy and store gold and silver, and under certain accounts have access to it as if it were money regularly stored in a traditional bank.

Two years after Gov. Greg Abbott announced Texas would build the country's first state-run gold depository, the project took a major step forward Wednesday. 
Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository. 
“The Texas Bullion Depository will offer Texas safe, fully-insured storage of precious metals providing an alternative to the depositories largely located in and around New York City,” Hegar said. 
The depository will store gold and other precious metals, allowing customers to open accounts and potentially pay for transactions with them. - Texas Tribune
Texas will now join Utah as the two primary states that have either a public or private gold depository, and the ability for individuals, businesses, and government agencies to store their wealth in physical gold while also having the power to use it the same as if it were cash deposits in a bank.

Wednesday, September 7, 2016

Negative interest rate blowback: businesses in Switzerland having to take out insurance on their money already stored in banks

When central banks implement monetary policies never tried before, there are always ramifications that take place that no one could have forecast.  For example, in both Germany and Japan there has been an incredible run on safes because individuals are flocking en masse to get money out of the banking system and store it within their domiciles to avoid negative interest rate (NIRP) fees or bail-ins.

But in Switzerland the consequences of NIRP have sparked a different reaction as businesses holding large amounts of deposits in their banks are taking out insurance on their money that they currently keep in a bank.

Why?  To mitigate the losses the banks will take from them due to negative rate fees.

Only unlike Japan and Germany, the Swiss are much more subtle about their cash hoarding than telling the neighborhood they have a stash of cash in their home by publicly buying a safe; instead, as Bloomberg reports, more and more companies are taking out insurance policies to protect their cash hoards from theft or damage
"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs.
Where the Swiss also differ from many other nations is that numerous local banks have already passed on negative rates to their wealthiest customers. The SNB imposed NIRP in early 2015, charging banks for excess deposits. Many lenders including UBS Group AG and Credit Suisse Group AG have passed on at least some of the burden, they don’t disclose how much, to cash-rich clients like asset managers and big companies. 
Meanwhile, a fascinating arbitrage has emerged between NIRP and insurance costs: Helvetia Holding said it charges about 1,000 francs ($1,020) a year to insure 1 million francs, a fraction of the 7,500 francs a company would pay to park the same amount in a bank for a year, assuming the lender passes on the full charge. While that amount doesn’t include the cost of logistics such as transport or security features like reinforced walls, guards and alarm systems, those may not be an issue for the wealthiest clients who already own their own safes and have their own means of transportation of the physical cash. - Zerohedge
Perhaps instead of paying out extra money each year to insure your money from confiscation, loss of purchasing power, and other consequences of NIRP, businesses and individuals should instead store their excess reserves in physical gold, which is much more easily stored in a safe, and is a silent rebellion to the policies of central banks who no longer have any idea what they are doing.

Monday, July 25, 2016

Got your wealth in gold? Dutch bank to begin negative interest rates on customer deposits

Until now, negative interest rates pretty much were only affecting sovereign debt, and to the tune of over $13 trillion to date.  But on July 24 one bank in the Netherlands is now setting the precedent to institute negative rates on common depositors, meaning that it will now cost you money to hold your cash in a business checking or savings account.

Negative interest rates are the desperate concoction of central banks to try to force people to spend into an economy rather than save for emergencies or the future.  And when you add in the fact that banks in Portugal and Italy are both standing on the cusp of new taxpayer bailouts, any money that you own or control is quickly becoming fair game for banks and governments to seize to protect their own financial insolvencies.

ABN AMRO 3
One of the largest Dutch banks, ABN Amro, has now warned its business clients a negative interest rate on the business accounts is in the works. The bank is currently updating its terms and conditions and will more specifically include its right to reduce the interest rates below zero as the bank wants to ‘protect itself’ against the continuously changing market circumstances. - Zerohedge
Fortunately, there are a few ways that you can protect your wealth from confiscations, bail-in, or loss of purchasing power, and that is through the ownership of bitcoin or gold.  And in particular, in a company, business, or process that allows you to store it in that asset, but have it available to be interchangable with any currency you need to be able to pay bills, purchase products and services, or simply just to keep it outside the banking system.

Thursday, May 26, 2016

As the Russian economy stands above the U.S. and Europe, Western investors rush in despite sanctions

Just as the U.S. Congress goes out of its way to allow insider trading and non-Obamacare health insurance among its own members, so too do policies like economic sanctions only exist for non-U.S. corporations and governments.  And as both the Eurozone and Wall Street continue to wallow in zero and negative interest rate environments, and extremely flat economies, the one country that the U.S. has targeted for economic warfare is the one country that is suddenly standing out in economic growth.
And because of this, businesses and investors are flocking to jump on board Russia’s economic revival despite sanctions that would normally keep them locked out.
Sanctions
Read more on this article here...

Tuesday, May 17, 2016

Corporate CEO’s spurn Obama and the IMF by saying Brexit will help not hurt UK businesses

Just as revelations have emerged on just how draconian the Trans-Atlantic Trade and Investment Partnership (TTIP) is for European countries, so too is the rhetoric being spewed by politicians such as Barack Obama and Christine Lagarde in regards to the Brits leaving the Eurozone little more than a demand for political coercion.  Because while the President of the United States threatens the EU with import sanctions if they choose not to play ball with the ‘arm twisting’ regime out of Washington, CEO’s for 300 corporations are dismissing the U.S. commander-in-chief and are now in support of a Brexit since they believe it will help, not hinder, UK businesses.


Read more on this article here...

Tuesday, August 26, 2014

Federal Reserve branch bank concludes Obamacare a disaster for businesses

Each month, branch banks for the Federal Reserve send out questionnaires and surveys to businesses as a way to test the climate of the economy.  In the month of August, the Philadelphia branch asked businesses what the full extend and effect so far from the new Affordable Healthcare Act (Obamacare) was, and the responses they received were a disaster.  In the majority of responses, businesses either let go of employees to adjust to the higher costs imposed upon them by the Federal government, moved full time employees to part time status, or, changed benefit plans so that employees would be forced to pay more towards their premiums.



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Even a former Mob boss sees the inevitable coming economic collapse

Since we already know that receiving a Nobel Peace Prize is as easy as buying a couple of shrimp tacos, it is not too far fetched to see how so many economists and ‘professional’ financial analysts appear to have received their credentials from similar places.  And while pundits and the media try to mask just how bad economic growth, consumer spending, and the job markets are by using the excuses of ‘polar vortex’, ‘hurricane sandy’, and only 28 days in the month of February, those who actually worked, ran businesses, and had to fight for everything they got know the truth, that the government is bankrupt, the banks are insolvent, and the coming economic collapse is something no one will be able to avoid.

And while Janet Yellen and the rest of the Federal Reserve appear to oblivious to these realities, a former mob boss for the Columbo family isn’t.




Read more on this article here...

Tuesday, February 18, 2014

Banks in states that legalize pot use can now work with marijuana businesses

In 2012, HSBC was busted by U.S. and international regulators for laundering drug money for global cartels.  A year later, they were imposed a $1.9 billion fine, but rumors abound that the financial institution is still providing services to criminal organizations despite their guilt and penalty.

So with this precedent in place, it is quite interesting to see on Feb. 14 that regulators within the Obama administration have now ruled that banks that service states with legal marijuana laws can now do business with the sellers of pot, and without the threat of criminal prosecution.




Read more on this article here...

Friday, June 28, 2013

Senate immigration bill fines businesses for hiring citizens over amnestied illegals

In the wake of the Senate passing their version of the immigration amnesty bill, the 'Gang of 8' celebrated another victory in which they secretly, and ignorantly, forged legislation that doesn't cure the root problem.  In fact, it appears that only one Senator actually read the entire bill before the vote, and found in it language which would allow the IRS to fine businesses who hire regular citizens over newly amnestied illegals.


Cartoon courtesy of One Old Vet.com

We can’t possibly expect our Senators to read a 1200 page bill before voting on it. Can we? Well Thank God Ted Cruz read it. Not only did Cruz read it but he schooled anyone who would listen from the Senate floor on Tuesday. Cruz found a loophole that actually penalizes an employer $5000 for hiring a citizen over a legalized alien. Seriously. You can’t make this stuff up. - Freedom Outpost via Political Realities

So like Obamacare, which the Congress and White House swore up and down would not cost the American people any extra money, the deceptions within the Immigration Reform Act appear specifically included to destroy American jobs to appease corporate desires for cheap labor.  And once again it proves, our Congress is no longer a representative of the people, but a fascist bought and paid for entity that acknowledges their true masters in big business.

Friday, April 20, 2012

Escape from California (Before it's too late)

The once breathtaking and economic marvel known as the state of California, which boasted the 8th largest GDP in the world, has become a cesspool of liberal ideologies, anti-business sentiment, and a psychopathic montage of finding new ways to screw their citizens.



In a breakdown of the decline of the state of California, the End of the American Dream broke down 16 different areas where Californians are running out of time to either escape from the coming disaster, or be consumed by it.

We will post just a few of the reasons here.



#2 California Is A Horrible Place To Do Business

For seven years in a row, CEOs ranked California as the worst place in the United States to do business. Thousands of good companies have left the state in recent years, and yet California lawmakers continue to pile on more rules, regulations and taxes.

#5 Desperate Municipalities Are Severely Slashing Government Services All Over The State
When you have no more money, you have to start cutting somewhere. In many cities in California, government services are being curtailed dramatically. Just check out what is going on in Costa Mesa....

Costa Mesa, a city of 110,000 south of Los Angeles, has slashed its payroll from 611 to 450. It is selling its police helicopters and has hired a neighboring city for air patrols. It's also pursuing a controversial effort to convert to a charter city from a general law city, which would give City Hall more power to outsource more work, said councilman Jim Righeimer.

 #7 California Has Some Of The Highest Tax Rates In The Nation
The last thing many California taxpayers want to hear is that taxes might be raised again. Californians already get absolutely hammered by taxes. California has one of the highest state income tax rates in the nation, one of the highest sales tax rates in the nation and the highest gasoline tax rate in the nation.

Unfortunately, it is only a matter of time before the politicians come around for even more.

#8 Poverty Is Absolutely Exploding In California
Once upon a time, California was viewed as a land of great opportunity.

Now it is a land of crushing poverty in many areas.

Sadly, the number of children living in poverty in the state of California has increased by a staggering 30 percent since 2007.

In addition, 60 percent of all students attending California public schools now qualify for free or reduced-price school lunches.

#11 California Has Some Of The Worst Schools In The Nation
Many families are moving away from California because the public schools are absolutely nightmarish. The truth is that California has some of the worst schools in the entire nation. In the late 70s, California was number one in per-pupil spending on education, but now the state has fallen to 48th place.

#14 California Has One Of The Worst Health Care Systems In America
All over California, hospitals are shutting down. A big reason for this is because of the massive numbers of poor people and illegal aliens that are taking advantage of "free" medical care at hospital emergency rooms. A number of good hospitals have been forced to shut down in recent years and now the state of California ranks dead last out of all 50 states in the number of emergency rooms per million people.

When corrupt and liberal politicians are allowed to run wild over a city and state government, the results are inevitable.  Detroit, New Orleans, Cleveland, and now, the entire state of California.

Monday, April 9, 2012

Pension funds dropping as companies unable to pay into retirement accounts

The Financial Time (FT) today came out with a new report on how underfunded business and company pensions are for many workers they have contracts with.  With sales and profit margins falling dramatically during the past 2 years, not only have major companies cut the amount they donate towards these funds, but many small businesses have stopped funding plans altogether.

The shortfall in US labor union pension funds is huge and growing rapidly. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities - and it has hardly been a good ride for those asset values since then. Critically, as the FT notes today, recent changes by FASB has enabled Credit Suisse to estimate shortfalls more accurately and it paints an ugly picture. - Zerohedge



Data courtesy of FT

To date, the government and corporate world have been able to hold off anger in the public sphere, even as the continuing high unemployment rates have not been addressed since 2008.  However, should the stock markets fall, and pension and retirement accounts continue to drop to dangerous levels, then the reaction by unions and workers expecting this money to survive after their working years will make the Wisconsin union battle seem like a playground shoving match.

Monday, October 17, 2011

Business and job loss in America: mall vacancies growing

Those who simply read and rely upon government job and manufacturing reports will ignore the 'eye test' of simply driving down your city streets and watch as commercial property and strip mall vacancies continue to rise.

For every business that closes up, an estimated 5-100 jobs are lost, or removed from the economy.

Several economic indicators suggest it’s time for a Buggles revival: “Internet Killed the Radio Store.” The popularity of Internet shopping is having a considerable impact on the retail landscape; mall vacancies are at the highest level in measured history, big box stores are looking to reduce their footprints, and those selling book, electronics, and sporting goods are closing. During the third quarter, vacancies at regional and super-regional malls rose to 9.4 percent from 8.8 percent a year earlier and 9.3 percent in the second quarter, according to the New York-based property research company Reis. - Zerohedge


Courtesy of Reis Inc.

A few years ago, Best Buy competitor CompUSA closed down all of their Main Street stores and went solely online.  As more companies do this going forward, more jobs will be permanently removed from the system, and the ones that remain will be no different than the China sweatshops where workers assembly line packaging products for mailing and shipping.
The only solution for many Americans is to join the 4th wave of the economy.  Find a home business where you too can work from the internet, and not be reliant on a company to be your employer.  Otherwise, in today's world of shrinking main street businesses, you will find yourself unprepared for the paradigm shift.