Is Greece Still A Country If Someone Else Owns Its Assets?

May 23rd, 2015

greece roman ruinsJohn Rubino:  This story isn’t actually about Greece, but it begins there.

After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment of its current citizens through cutbacks in wages and pensions, the impoverishment of its Read more…

Banking, Economy, Europe, Government

PBOC Gold Purchases: Separating Facts from Speculation

May 23rd, 2015

gold coinsKoos Jansen:  As we are approaching the moment the PBOC unveils they have more physical gold in reserve than what has been disclosed since 2009, 1054 tonnes, we will again analyze everything there is to find about PBOC gold purchases. Read more…

Banking, China, Gold

It Is Mathematically Impossible To Pay Off All Of Our Debt

May 22nd, 2015

moneyMichael Snyder:  Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?

Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year.  Read more…

Banking, Economy, Federal Reserve, Government, Inflation/Deflation, Markets, News Of The Weird, Today's Top News

Chinese Gold Leasing Not What It Seems

May 22nd, 2015

Gold China:  Welcome to another episode of understanding how mainstream consultancy firms (the World Gold Council, GFMS, CPM Group, Precious Metals Insights) understate Chinese gold demand. One of their main arguments is that hundreds if not thousands of tonnes are tied up in Chinese Commodity Financing Deals (CCFDs). Read more…

China, Gold, Markets, Precious Metals

Old Dominion Freight Line 2015 Annual Meeting Of Shareholders Voting Results

May 22nd, 2015

Old Dominion Freight LineThe 2015 Annual Meeting of Shareholders of Old Dominion Freight Line (NASDAQ:ODFL) was held on May 21, 2015. Read more…

Material Events

Portage Resources, Inc To Purchase 3.5 Million In Preferred Stock With FG Fitness and Media Group, Inc

May 22nd, 2015

Stock Common StockOn May 18, 2015, Portage Resources Inc (OTCMKTS:POTG) entered into an Agreement for the Purchase of Preferred Stock with FG Fitness and Media Group, Inc., a Nevada corporation. Pursuant to the terms of the agreement, Portage Resources has acquired 3,500,000 shares of Preferred Stock of FG Fitness and Media Group.

Read more…

Material Events, Stocks

Commerce Bancshares Inc. To Repurchase $100 Million Of Its Outstanding Common Stock

May 22nd, 2015

On May 21, 2015, Commerce Bancshares, Inc. (NASDAQ:CBSH) entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC (Morgan Stanley) to purchase $100 million of its outstanding common stock. Read more…

Banking, Material Events

JPMorgan Chase & Co. Shareholders Voting Results; 11 Directors Elected

May 22nd, 2015

JPMorgan Chase & Co.The JPMorgan Chase & Co. (NYSE:JPM) results of shareholder voting on the proposals presented were as follows: Read more…

Banking, Material Events, Today's Top News

U.S. Companies Stand To Win The Oil Price Wars With This Innovation

May 22nd, 2015

Oil WarMichael McDonald:  Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs.  Read more…

Crude Oil, Energy, Investing, Mining / Drilling, Oil Wars, Technology

Austria Repatriates 110 Tonnes From UK

May 22nd, 2015

Gold in a safeKoos Jansen:  Austria is repatriating gold from the vaults at the Bank Of England (BOE) at this very moment, according to Kronen Zeitung.

The OeNB (central bank of the Republic of Austria) stored 82 % of its 280 tonnes at the depository in England. It will start by bringing back 110 tonnes to Austria, to eventually have 50 % on own soil. Read more…

Banking, Europe, Gold, Government, Today's Top News, World News

Union Pacific Corporation Does Not See Coal Shipments Improving In The Second Quarter

May 20th, 2015

Union Pacific CorporationOn May 20, 2015, at the Wolfe Research Global Transportation Conference, Robert M. Knight, Jr., Executive Vice President-Finance and Chief Financial Officer of Union Pacific Corporation (NYSE:UNP), stated that, with second quarter 2015 coal volumes down approximately 25% quarter-to-date versus last year, the Company at this point does not expect Read more…

Agriculture, Material Events, Stocks

The Gap Inc. Election Of Directors Voting Results

May 20th, 2015

gapGap Inc (NYSE:GPS) held its annual meeting of shareholders in San Francisco, California. As of March 23, 2015, the Company’s record date for the Annual Meeting, there were a total of 419,734,675 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. Read more…

Material Events, Retail

Caterpillar Inc. (NYSE:CAT) Rolling 3 Month Retail Sales Statistics

May 20th, 2015

Caterpillar IncCaterpillar Inc. (NYSE:CAT) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers (“OEMs”). Read more…

Material Events, Retail, Stocks

Are US Drillers Actually Making A Comeback?

May 20th, 2015

Oil WorkerNick Cunningham:  Is US shale about to make a comeback?

Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. Read more…

Crude Oil, Economy, Markets, Mining / Drilling, Oil Wars

Five Major Banks To Plead Guilty To Rigging Currency Markets

May 18th, 2015

Kurt Nimmo:  Five major international banks are expected to plead guilty as soon as next week to criminal charges in the US related to their deliberate manipulation of global foreign exchange markets, which allowed them to rake in billions of dollars at the expense of retirees, university endowments and municipalities. Read more…

Banking, Currency, Currency Wars, Economy, Government, News Of The Weird, Today's Top News

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