Monday 19 September 2011

Billionaire Brawl: Russian tycoon fist fight erupts on talk show


by on Sep 18, 2011

The audience at a Russian talk show got more than there money's worth when a debate on the financial crisis ended up in a fist fight. Two super-rich tycoons came to blows after a difference of opinion. Aleksandr Lebedev, the owner of two British newspapers, punched fellow billionaire Sergey Polonsky during the recording of a discussion on one of Russia's main channels. He said he was defending himself, claiming he thought he was going to be attacked first. Moments earlier, Polonsky had told Lebedev he wanted to 'punch him in the face'. Lebedev angrily stood up as the other businessman attempted to calm him, moments later punching Polonsky twice and sending him sprawling from his chair. The NTV channel which posted the programme's preview on its website, is planning to broadcast the show Sunday night.

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FX BOOTCAMP VIDEO - ASIAN OUTLOOK SEPTEMBER 19TH 2011


by on Sep 17, 2011

Hi Everyone

Below is a link to register at my next session at FX Street.
http://www.fxstreet.com/webinars/sessions/session.aspx?id=f45d51bb-f09a-4941-...

The end of last week has given us limited opportunities starting off a fresh week. I do like the look of the commodity currencies (AUD, NZD, CAD) and the potential signs for further bullishness. This is where I will be focusing much of my attention during Mondays trading hours.

Regards

Rob Helean

Contact details:FX Bootcamp: http://fxbootcamp.com/amember/go.php?r=1037&i=l6
Facebook: www.facebook.com/kiwirob
Twitter: @fxkiwirob

Category:

Education


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Huge Gap in Chinese and American Commodity Prices


by on Sep 18, 2011

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The Chinese state-run newspaper, People's Daily,
published an article comparing the commodity prices between China and America.
It said that the price of luxury products in Beijing
is generally higher than in New York.
However, public transit in NYC is a lot more expensive
than in Beijing.
Thus, this newspaper's comparison raised doubts among many of
its readers, as they realized that the article purposely ignored and
avoided a very important basis of comparison, that is, the large gap
between the income level of Chinese and American citizens.
An economist knows that Chinese and American commodity prices
cannot be compared, because the standard of living is vastly different.

On September 13, People's Daily published an article titled,
"Is Beijing's Commodity Prices Higher Than New York?"
The article claimed that foreign consumer goods sold in Beijing
were higher than in New York,
due to the fact that they are seen as luxury items
by Chinese locals, thus they sell for higher prices.
But the article turned around and said that public transit,
labor, services, and intellectual property in New York are a lot more expensive than in Beijing.

The article was criticized by Chinese netizens,
after it was published, with one saying netizen saying,
"Anyone with a little basic statistical knowledge and
social wherewithal will notice that the examples used in the comparison are not equal."
NTD Commentator Jason said that,
Chinese and American have different life style.
It is not realistic to compare prices between cities
in America and China.

Commentator Jason: "Relatively speaking,
Chinese own less cars and they live in smaller homes.
American's way of life, their food, clothing, the way they live,
and the quality of their lives, like travelling, cannot compare to the Chinese at all.
Frankly speaking, China is different than America.
America has maintained this higher standard of living for many years, now."

People's Daily also included a table in the article,
comparing prices between some Chinese and American products.

New York City University economics professor, Chen Zhifei,
said, "This kind of comparison lacks cogency.
You should first find a Beijing local with a monthly income
of 10,000 yuan (US$ 1,565),
and see how compelled he feels to live the American lifestyle.
In this way, you can see the difference."

New York City University economics professor, Chen Zhifei:
"If you use exchange rates to compare, it is not possible, since the Chinese yuan is still worth less than the U.S. dollar."

New York resident, Ms Bai, who used to live in Beijing,
said you couldn't buy anything in Beijing with an equivalent amount of money.
Ms. Bai: "Of course it is cheaper to live in New York.
With $20, you can buy a few groceries at the supermarket; with 100 yuan (US$ 15.65), you cannot buy much."

Beijing resident, Ms Jia, went to America three times and
said that there is a big difference between commodity prices in China and America.
In China, food and consumer goods are very expensive and
there's also a big difference in quality.

Ms Jia: "It is so expensive to eat in China. I am very aware of
the difference in commodity prices in the two countries.
A person in China spends 1,000 yuan (US$156) per month
on food expenses, while in America, you could get by with only $150.
News Cnyes (cnyes.com) reported that,
unfortunately the People's Daily (of China) didn't mention people's income between the two countries.
It reported that an ordinary clerk who finished education
just for one or two years in America, the salary is about $3000 per month,
it equivalent RMB 20,000 yuan(US$212),
this absolutely can't compare with a Chinese student in the same circumstances.
In America the price is steady, the price is higher in China,
people's income are totally different, under such a conditional comparative, obviously it is unjustified.

Netizens believe that it would have been better to compare
the living standards between China and America in the article—not just commodity prices.

NTDTV Liang Xin, Tang Tui and Xue Li

《神韵》2011世界巡演新亮点
http://www.ShenYunPerformingArts.org/


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Market Havoc and Threats to Your Pension | International Forecaster Weekly Bob Chapman The International Forcaster |

Market Havoc and Threats to Your Pension | International Forecaster Weekly Bob Chapman The International Forcaster | Economy News | Investing | US Market Information | Gold | Silver | Wall Street Bailouts | Investment Trends | Money Resources | US and Worldwide Politics


We have warned subscribers and listeners and those on the Internet over and over again that government was going to come after your private retirement funds including 401K’s and IRA’s that hold $6.6 trillion in investments.
This past week in a grand deficit cutting bargain the Senate Finance Committee explored “Tax Reform Options Promoting Retirement Security.” The excuse is to make 401K plans more efficient; to keep Social Security afloat and to switch funds from these retirement plans to be used elsewhere by government. It is called a looting procedure. The idea is to replace the 401K with a tax break that would allow government to offer bigger benefits to low earners and changes in withdrawal choices at retirement. It would include a change in the way Social Security benefits are calculated to reduce eventual payout and subsidize the poor via a government guaranteed annuity. There would also be an increase in the retirement age. This approach is similar to something you would find in the communist manifesto. Take from the bigger producers to subsidize the lesser producers. Each according to his ability and each according to his means.
We are told Social Security will be out of funds in 2036, which is untrue and the Congress does not mention that the trust fund has been looted since June of 1935. All that is left are worthless bonds. Those that read the Act will find that if government does not have the funds for Social Security they must sell bonds to fund any shortfalls. This fact is, of course, ignored by the Congress and the person who calls himself president. They are more interested in loophole-closing rate-lowering tax reform, which are code words to cut current Social Security income and transfer those funds to other pet socialist projects, that government deems more important. The Congress could care less that you paid taxes for a lifetime for this payout, and it is not a benefit, because you paid for it, and have your benefits shifted to those on lower income brackets or to pet socialist projects. What upsets the socialist and fascists in government is that the tax break for defined contribution retirement plans is that it will cost the Treasury $212.2 billion between 2010 and 2014. What really galls them is that 80% of the payout goes to the top 20% of earners and they want those funds to be redistributed to the less fortunate, to offset debt or to be applied in other socialized areas. One of the proposals is to roll back the current $16,500 annual 401K tax deferred contribution to a level of $10,500. If this is followed government would capture $450 billion in additional tax revenue, and low-income workers would not be affected. We suggest congress change the law and tax the $2.2 trillion parked offshore in tax havens at 35% and bring in revenue of $800 billion or more and to keep that revenue stream going. That means only $1 trillion would have to be cut from military spending and we’d have a balanced budget. That would be just too simple and it might upset the transnational conglomerates and the military industrial complex.
Needless to say, Americans would stop saving conventionally and purchase gold and silver related assets that have appreciated more than 20% annually for the past 11-1/2 years. These changes would render 401Ks and IRAs redundant. The incentive would be gone and all those funds might not be available to the government for redistribution to low-income citizens.
The bottom line is the government wants your retirement and more taxes. Private annuities could face insurance company collapse if the Dow went to 3 or 4,000 and of course the government is insolvent. For current retirees there has been no COLA increase as inflation has ranged from 5% to 11.2% and by the looks of it the CPI will be rigged lower again, so there never will be an adjustment in payout. The latest is a chained CPI, which would further lower benefits. .......


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Any Way You Look At It – Inflation Is On The Rise!

Any Way You Look At It – Inflation Is On The Rise!
Friday, September 16th, 2011 | Posted by Editor

We can make some inferences about how inflation is impacting our personal expenses depending on our relative exposure to the individual components [and any way you look at it inflation is on the rise - so let's take a look at the particulars.]
So says Doug Short (www.advisorperspectives.com) in an article* which Lorimer Wilson, editor ofwww.munKNEE.com (Your Key to Making Money!), has further edited ([ ]), abridged (…) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Short goes on to say, in part:




All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Goldrunner: a Gold & Silver Tsunami is Approaching – Fast!

Goldrunner: a Gold & Silver Tsunami is Approaching – Fast!
Saturday, September 17th, 2011 | Posted by Editor


A tsunami doesn’t start with a bang, but with a whimper. The first sign is a little hump in the water way out in the distance that is barely notable. Anyone who catches a glimpse of it simply continues to expect the day to be the same as the last many days – calm and beautiful waters along the shore. This is the point where we are, today in the Precious Metals sector. Many have seen the little roll of water out in the distance as Gold edged up in the first move of a more parabolic slope, yet most investors are mired in the same expectations of yesterday – a return for Gold to correct down into a lower base. Our analysis based on the fractal relationship to 1979 shows, however, that the mid 900s are a realistic target for the HUI by the end of the year or early in 2012; that $52 to $56 should be achievable for silver, with $58 to $62 as real possibilities; and that Gold should go the $2250 level followed by $2500 with the potential for $3,000, or a bit higher, now on the radar screen. Let me explain why that is the case. Words: 2130

So says Goldrunner (www.GoldrunnerFractalAnalysis.com) in an article which Lorimer Wilson, editor ofwww.munKNEE.com (Your Key to Making Money!), edited for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Goldrunner goes on to say: .............
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.