"There are two sorts of wealth-getting, as I have said; one is a part of household management, the other is retail trade: the former necessary and honorable, while that which consists in exchange is justly censured; for it is unnatural, and a mode by which men gain from one another. The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of modes of getting wealth this is the most unnatural."
- Politics, Aristotle, 350 B.C.
"The Jew alone regards his race as superior to humanity, and looks forward not to its ultimate union with other races, but to its triumph over them all and to its final ascendancy under the leadership of a tribal Messiah."
- Goldwin Smith, The Jewish Question, October 1881
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”
- President Woodrow Wilson 1916
“We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
- David Rockefeller, Baden-Baden, Germany 1991
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
- Henry Ford
“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.”
- Franklin D. Roosevelt, letter to Col. House, November 21, l933
“One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order.”
- The National Educator, K.M. Heaton
"We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands. We will for ever destroy because we need a world of our own, a God-world, which it is not in your nature to build."
- Maurice Samuels, You Gentiles, 1924
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”
- David Rockefeller
“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.”
- Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991
"Never argue with stupid people. They will drag you down to their level and then beat you with experience." –Mark Twain
If you want to begin to understand and appreciate the work of Mike Stathis, from his market forecasts and securities analysis to his political and economic analysis, you will first need to learn how to think clearly. For many, this will be a cleansing process that could take quite a long time to complete depending on each individual.
The best way to begin to clear your mind is to first move forward with this series of steps:
1. GET RID OF YOUR TV SET (at least cancel your cable)
2. REFUSE TO USE YOUR PHONE TO TEXT
3. DO NOT USE A "SMART PHONE" (or at least do not use your phone to access the internet)
4. STAY AWAY FROM SOCIAL MEDIA
The cleansing process will take time but you can hasten the process by being proactive in exercising your mind.
You should also be aware of a very common behavior exhibited by humans who have been exposed to the various aspects of modern society. This behavior occurs when an individual overestimates his abilities and knowledge, while underestimating his weaknesses and lack of understanding. This behavior has been coined the "Dunning-Kruger Effect" after to sociologists who described it in a research publication. See here.
Many people today think they are virtual experts on every topic they regard with relevance. The reason for this illusory behavior is because these individuals typically allow themselves to become brainwashed by various media outlets. The more information these individuals obtain on these topics from the media, the more qualified they feel they are in these subjects, without realizing that the media is not a valid source with which to use for understanding something. The media always has bias and can never be relied on to represent the full truth.
A perfect example of the Dunning-Kruger Effect can be seen with many individuals who listen to talk radio shows. These shows are politically biased and consist of individuals who resemble used car salesmen more than intellectuals. These talking heads brainwash their audience with cherry-picked facts, misstatements and lies regarding relevant issues such as healthcare, immigration, Social Security, Medicaid, economics, science, and so forth. They also select guests for interview based on the agendas they wish to fulfill with their advertisers.
Once their audience has been indoctrinated by these propagandists, they feel qualified to discuss these topics on the same level as a real authority, without realizing that they obtained their understanding from individuals who are employed as professional liars and manipulators by the media. Another good example of the Dunning-Kruger Effect can be seen upon examination of political pundits, stock market and economic analysts on TV. They talk a good game because they are professional speakers. But once you examine their track record, it is clear that these individuals are largely wrong, but they have developed an inflated sense of expertise and knowledge on topics for which they continuously demonstrate their incompetence.
One of the most insightful analogies created to explain how things are often not what you see was Plato's Allegory of the Cave, from Book 7 of the Republic.
We highly recommend that you study this masterpiece in great detail so that you are better able to use logic and reason.Although we recommend you read and study The Allegory of the Cave, you can get a flavor for its meaning by watching the following video.
If you can learn how to think like a philosopher, specifically one of the great ancient Greek philosophers, it is highly unlikely that you will ever be fooled by con artists like those who make ridiculous and unfounded claims in order to pump gold and silver, the typical get-rich-quick or multi-level marketing (MLM) crowd.
“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”
King James Bible - Matthew 7:15
"It's easier to fool people than to convince them that they have been fooled." –Mark Twain
All Viewpoints Are Not Created Equal Just because something is published in print, online or aired in the broadcast media does not make it accurate. In fact, more often than not the larger the audience, the more likely the content is either inaccurate or slanted. The next time you read something about economics or investments, you should ask two main questions in order to assess the credibility of the source. Is the source biased in any way? That is, do they have any agendas which would provide any type of benefit accounting for their views? Most individuals either sell ads on their site or are dealers of precious metals or securities. That means their views are biased and cannot be relied upon.
Is your source is credible?
Most people associate credibility with name-recognition. But more often than not, name-recognition serves as a predictor of bias if not lack of credibility because the more a name is recognized, the more the individual has been plastered in the media. And every intelligent person knows that individuals who have been provided with media exposure because they are either naive or clueless. The media positions these types of individuals as “credible experts” in order to please its financial sponsors; Wall Street.
Instead of name-recognition or media celebrity status, you must determine whether your source has relevant experience on Wall Street as opposed to being self-taught. But this is just a basic hurdle that in itself by no means ensures the source is competent or credible. More important, always examine the track record of your source in depth, looking for accuracy and specific forecasts rather than open-ended statements. You must also look for timing since a broken clock is always right once a day. Finally, make sure they do not cherry-pick their best calls. Always examine their entire track record.
“Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves.”
King James Bible - Matthew 7:15
The above questions require only slight modification for use in determining the credibility of sources that discuss other topics, such as politics, healthcare, etc.We have compiled the most extensive publication exposing hundreds of con men pertaining to the financial publishing and securities industry, although we also cover numerous con men in the media and other front groups since they are all associated in some way with each other.
There is perhaps no one else in the world capable of shedding the full light on these con men other than Mike Stathis. Mike has been studying the indistry for well over a decade. Alhough he has published numerous articles and videos addressing this dark side of the industry, the entire collection can be found in our ENCYCLOPEDIA of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
At AVA Investment Analytics, we don't try to pump gold, silver or equities like many others you see because we are not promoters or marketers. And we do not receive any compensation whatsoever (including from ads) from our content. We provide individual investors, financial advisers, analysts and fund managers with world-class research, education and unique insight.
If you listen to the media, most likely it is costing you hundreds of thousands of dollars in lost money at minimum over the course of your lifetime. The deceit, lies and useless guidance from the financial media certainly is a large contributor of these losses to the sheep you pay attention.
But a good deal of lost wealth comes in the form of excessive consumerism which the media seeks to impose on its audience. You aren’t going to know that you’re being brainwashed or that you have lost $1 million or $2 million over your life time due to the media, but I can guarantee you that with rare exception this is the reality for those who are naïve enough to waste time on the media.
It gets worse. By listening to the media, you are likely to also suffer ill health effects through the lack of timely coverage of toxic prescription drugs or through the ridiculous medical shows, all of which are supportive of the medical-industrial complex.
And if you seek out the so-called "alternative media" you might make the mistake of relying on con men like Kevin Trudeau or Alex Jones. This could be a deadly decision. As bad as traditional media is, the so-called "alternative media" is even worse.
Why Does the Media Air Liars and Con Men?
The goal of the media is NOT to serve its audience because the audience does NOT pay the bills.
The goal of the media is to please its sponsors, or the companies that spend huge dollars buying ads, and in order for companies to justify these expenses, they need the media to represent their cause. The media does this by airing idiots and con men who mislead and confuse their audience.
By engaging in "journalistic fraud," the media steers its audience into the arms of its advertisers because the audience is now misled and confused, so in the case of the financial media, it seeks the assistance of Wall Street brokerage firms, mutual funds, insurance companies, precious metals dealers. This is why advertisers pay big money to be promoted in the financial media.
We see the same thing on a more obvious note in the so-called "alternative media," which is really a remanufactured version of the so-called "mainstream media." Do not be fooled. There is no such thing as the "alternative media."
In order to be considered "media" you must have content that has widespread channels of distribution. Thus, all "media" is widely distributed and the same powers that control the distribution of the so-called "mainstream media" also control the distribution of the so-called "alternative media."
The claim that there is an "alternative media" is merely a sales pitch designed to capture the audience that has since given up on the "mainstream media." The tactic is a very common one used by con men.
The same tactic is used by Washington to convince naive voters that there are meaningful differences between the nation's two political parties. In reality, both parties are essentially the same when it comes to issues that matter most (trade policy, healthcare and war). Anyone who tells you anything different simply isn't thinking straight.
On this site, we expose the lies and the liars in the media. We discuss and reveal the motives and track record of the media’s hand-selected charlatans with a focus on the financial media.
No one has generated a more accurate track record in the investment markets over the past several years than Mike Stathis. Yet, the financial media wants nothing to do with Stathis.
You aren't even going to hear him on the radio being interviewed.
You aren't going to see him mentioned on any websites either.
You won't read or hear of his remarkable track record unless you read about it on this website or read his books.
You should be wondering why this might be. Some of you already know the answer.
The media has banned Mike Stathis because the trick is to air clowns so that the audience will be steered into the hands of the media's financial sponsors - Wall Street and gold dealers.
And as for the radio shows and websites that either don't know about Stathis or don't care to hear what he has to say, the fact is that they are so stupid that they assume those who are plastered in the media are credible. And since they haven't seen or heard Stathis in the media, even if they come across him, they automatically assume he's a nobody in the investment world simply because he has no media exposure.
Well, if media exposure was a testament to knowledge, credibility and excellent track records, Peter Schiff's clients would be a lot happier when they looked at their account balance.
Others only care about pitching what’s deemed as the “hot” topic because this sells ads in terms of more site visits or reads. This is why you come across so many websites based on doom and conspiratorial horse shit run by con artists looking to cash in on ads.
We have donated countless hours and huge sums of money towards the pursuit of exposing the con men, lies and fraud. We continue this mission but we cannot continue it forever without your assistance.
We have been banned by virtually every media platform in the U.S and every website (mainly because we expose the truth about gold and silver).
We have been banned from use of email marketing providers.
The fact is that the Jewish Mafia has declared war on us because we have exposed the realities of the U.S. government, Wall Street and corporate America.
Note that we only began discussing the role of Jews in criminality by 2009, three years AFTER we had been black-listed by the media, so no one can say that our criticism of the Jewish Mafia has led to being black-listed, not that it would even be acceptable.
You can talk about the Italian Mafia, and Jewish Hollywood can make 100s of movies about it...
BUT YOU CANNOT TALK ABOUT THE JEWISH MAFIA.
We rely on you to help spread the word about us. Just remember this. We don’t have to do what we are doing.
We could do as everyone else and focus on making money. We are doing sacrificing everything because in this day and age, unfortunately, the truth is revolutionary. It is also critical in order to prevent the complete enslavement of world citizenry.
On Exposure: No one who has significant exposure can be trusted because those who are responsible for permitting such exposure have allowed it for a very good reason, and that reason does not serve your best interests.
On Spotting Frauds: Whenever you wish to know whether someone can be trusted, always remember this golden rule..."a man is judged by the company he keeps."
This is a very important rule to remember because con men almost always belong to the same network.
You will see the same con artists referencing each other, on blog rolls and so forth.
The deal went for a reported $2.3 billion, despite Ford’s original cost of $5.2 billion for the duo ($2.5 billion for Jaguar in 1989 and $2.7 billion for Land Rover in 2000). However, after Ford pays $600 million into the pension funds of these companies, the deal will only net them $1.7 billion.
But with total losses exceeding $15 billion in just the past two years alone, Ford was clearly desperate. It had no choice. It needed cash, and fast.
After spending enormous amounts of money to clean up production inefficiencies of the UK-based Jaguar unit, Ford has completed most of the work needed to transition Jaguar to a wider market. But sales for Jaguar have been on the decline ever since hitting the 2004 high of 130,000. Although management felt they could achieve 300,000 units by 2007, only about 60,000 were sold. With economic conditions accelerating downward, 2008 numbers are likely to be even lower.
Any Jaguar mechanic will tell you Ford delivered numerous improvements to the auto line, perhaps most notably within the electrical system. As well, the assembly line was streamlined to make it more efficient.
And with the release of the new models in 2004, the all-aluminum body has reduced the total body weight substantially, accounting for the much improved fuel efficiency, now at 28 mpg (highway) for the XJ8 – quite impressive for a car of that size and power.
What Went Wrong
Ford made a big mistake in brand strategy with Jaguar. In an attempt to seize some of the very hot $30,000 luxury market, Ford introduced the X-type in 2001, thinking it could compete with BMW’s 3-series. The release of the poor performing X not only angered current XJ and S-type owners, but made many prospective buyers view the model as a Ford clone in disguise, with poor styling and performance.
While the XJ remains as one of the best luxury sedans for the money, the X-type is perhaps the worst. This blunder aside, with most of the work already done restructuring Jaguar, Tata Motors stands to win big from the deal.
The story with Land Rover was much different. Ford used the right combination of product style and mix to turn a lingering brand (formerly owned by BMW) into a profitable unit. Ford did what BMW was unable to do – turn a profit on the Land Rover. Land Rover was becoming a very profitable unit and showed a lot of promise.
In 2006, sales increased 18% to 226,000. So why would Ford sell off this investment? The answer may well indicate the extent of Ford’s problems. After having sold Aston Martin a year earlier for $925 million, Ford is running out of liquid assets. And soon it will have very few choices available as it attempts to emerge from a very deep hole.
The Value of Jaguar and Land Rover
Let’s take a closer look at the value of these two luxury brands. Although valuation of intangible assets is highly subjective (especially for brand assets), in my opinion the Jaguar and Land Rover brands alone are worth a combined $2 billion.
First you should understand that brand recognition has multiple sources of potential revenue streams. The Jaguar brand name can be licensed out to sell retail goods and even be partnered with services. And of course, each brand can be licensed for distribution rights in specific geographic markets such as those in Europe and Asia. The same is true with Land Rover. Dealers pay a flat fee plus a percentage of revenues in exchange for the rights to sell and service these autos, similar to other franchising arrangements.
But if the autos aren’t selling there won’t be a demand for dealerships and revenues will fall. Next, consider how brands are built. It takes many years of customer satisfaction and hundreds of millions of dollars for R&D, marketing and promotional activities to build a reliable brand. So when looking at the revenue potential as well as the capital invested, these two brands have significant value.
Now let’s look at other intellectual property such as design and technology patents and manufacturing and operational trade secrets. Without going into the details, I would roughly estimate this intellectual property to be worth $2 billion, at minimum.
But the ability to generate revenues from these assets on a short-term basis is limited. The real potential rests upon the ability to sale the vehicles. Thus, the synergy of these intellectual assets is what really matters. And that depends on how well management executes all of the operations to produce sales. In other words, sales ultimately determine the income potential and therefore the valuation. However, the value of these assets may also be determined by considering the cost to develop similar assets (that is creating a strong luxury brand name, R&D manufacturing and design patents and manufacturing trade secrets) by starting with nothing or by leveraging current assets. Most likely, when Tata analyzed the deal, management calculated both the value of these assets, as well as the estimated costs to create similar assets.
Finally, while I have no numbers on the tangible assets such as facilities and equipment or how much if any debt or lease payments were attributable to these assets, I would say a reasonable estimate would place this figure around $700 million.
Combining the intangible and tangible assets and assuming reasonable execution, I would value the deal roughly at around $8 billion for synergy effects. Without reasonable execution, the deal would be worth about $4.7 billion (i.e. for the “bare bones” valuation of the intellectual property, equipment, plants and facilities).
Thus, either way, Ford handed Tata Motors a great deal. At the very worst of all scenarios, Tata paid $2.3 billion for facilities and equipment, access to (and ownership of) state-of-the-art automotive R&D, manufacturing and design secrets and other valuable know-how, which would otherwise take many years and billions of dollars to match.
But the closing of this deal wasn’t valued based on what Tata stands to gain but rather how desperate Ford was for cash. Ford’s desperation, along with what appears to be a fairly uncompetitive bidding process enabled Tata to walk away with a sweet deal. In exchange, it bought Ford another year or two before having to take even more drastic measures.
Why No One Showed Up to Bid
With so many LBO and private equity deals being made, one might ask why, apparently very few stepped in to bid for Jaguar and Land Rover. Official reports have not disclosed all bidders. But even if a financial firm was interested, it is likely they would have targeted Asia for the sale.
As we have seen, private equity and LBO deals have dried up due to the credit crisis. Ironically, private equity firms would rather invest in troubled US financial firms like Citigroup (C), Bank of America (BAC), E-Trade (ETFC), Wachovia (WB), Washington Mutual (WM) and others because they know the financial system is supported by the Fed Reserve.
Why would any US investment house bother to buy a manufacturing firm when America can no longer compete with the Asian and Latin American workforce? It’s not that Asians and Latinos do better work or work harder. It’s that their labor is much less expensive. So instead of spending money on a dying industry, why not invest in some troubled banks, knowing the Fed has opened up the printing presses when needed?
Playing Its Last Hand
Although Ford bought Volvo in 1999 for $6.4 billion, it has been the company’s best seller of the premier brands. But as a part of its only remaining way to raise cash, Ford has been looking for potential buyers for Volvo for over a year.
While talks were in place with BMW in 2007, nothing came out of this. Perhaps this prompted the decision to sell Jaguar and Land Rover. If the company sells Volvo, it could bring in potentially $9 billion, assuming there are any buyers who are willing to pay fair value during current economic conditions. However, based upon the continued problems, Ford may soon have no choice but to sell Volvo to the highest bidder.
Selling Volvo would certainly help Ford in the short-term, but would severely hinder its longer-term business prospects because it will no longer have any premium brands other than the struggling Lincoln. Given the desperate need for cash as well as the global economic outlook, it is quite possible that Ford will be forced to sell Volvo for much less than it’s worth.
Implications for India
Tata’s recent release of the Nano further highlights a management team that truly “gets it.” Amazing fuel efficiency aside, Tata Motors is addressing its own consumer demands, as more of its 1.1 billion citizens will soon be on the road at a sticker price of $2500.
The continued mobilization of Indian consumers will enhance the nation’s economic revolution. Tata Motors will help transition India’s dominant outsourcing services economy into one with more balance, marked by increased consumer spending and business commerce. That said, I would not be buying Indian funds here, nor would I be buying Tata Motors. I would wait for more of the effects of the global recession to kick in.
But you should certainly be on the lookout for opportunities to enter this promising economy. Investors who believe in the long-term economic prospects of India should consider a diversified play, such as the India fund (IFN), a closed-end fund managed by a division of the Blackstone Group (BX). I will be looking to pick this fund up down the road, after it shows some signs of bottoming.
Implications for America
We have already seen how Asian and European auto makers have taken leadership of what was once the pride of American manufacturing. One need only look at Detroit’s socioeconomic demise over the past two decades to see the effects of free trade. Detroit represents but one of many casualties of free trade. On a larger scale we see similar effects in Ohio, Illinois, Pennsylvania and many other states.
In exchange for more affordable automobiles, America has traded good jobs. In exchange for cheap trinkets from China, America has mortgaged off its future with ballooning debt. In exchange for the hope of oil deals in Iraq, America has traded thousands of lives and up to $3 trillion before it’s over. While money is spent in Iraq to rebuild hospitals, schools, roads and bridges – all destroyed due to the US presence - taxpayers are stuck with the bill to rebuild this demolition.
Meanwhile, America’s own infrastructure continues to erode, while US workers struggle with several years of muted wage growth and soaring costs for basic necessities - all while the Federal Reserve opens its printing press to bail out the banking system, causing the further devaluation of the dollar and higher oil prices.
Going forward, it is very likely we will see a bailout for US auto makers and airlines, shifting even more strain on taxpayers. In the end, there will be very little funds for Medicare or Medicaid, while the buying power of Social Security continues its slide. If fiscal and monetary responsibility does not soon become the top priority in Washington, these benefits will face devastating cuts while taxes soar. And this will only guarantee the continued decline of American living standards for decades to come.
Over the next decade and beyond, it is highly likely that Washington will shift more of its responsibilities to the private sector – more private security services to replace the National Guard, the Coast Guard and other government agencies, more private-run prisons, and the privatization of the Department of Transportation.
You can imagine what is going to happen when profit seekers become involved in government services. The situation will resemble the US healthcare system, whereby quality takes a backseat to profits, while fraud and exploitation go relatively unchecked.
I’ll let you use your imagination, but here is a start – most interstate roads will be tolled by private companies who will be awarded transportation contracts by state and local governments. This process will begin by putting tolls on Hov (High-occupancy vehicle) lanes. You can imagine what will happen to the prison system.
When one compares the downward momentum of Ford, General Motors and Chrysler (not to mention their increasingly high chances of a bailout to avoid bankruptcy) to the soaring growth of Tata Motors (the fastest growing division of the Tata Group giant) this further emphasizes the longstanding trend of manufacturing and innovation transfer from American soil to developing nations.
Ultimately, the sale of these two auto divisions is but one of thousands of transactions that have served to transfer wealth from America to developing nations. This trend has been in place for well over a decade. In conclusion, Ford’s recent Jaguar-Land Rover “fire sale” represents just another signal to the end of America’s consumption orgy fueled by delusional gains and dependent on foreign credit.
NOTE: Mike Stathis predicted the precise details of the financial crisis in his 2006 book, America's Financial Apocalypse.
The Jewish Mafia REFUSED to publish this landmark book because it exposed the widespread fraud committed by the Jewish Mafia.
Instead, the Jewish Mafia published useless marketing books written by their broken clock tribemens (like Peter Schiff's useless book which was wrong about most things and was written a year AFTER Stathis' book).
Stathis also released a book focusing on strategies to profit from the real estate collapse in early 2007.
The Jewish media crime bosses prefer to simply ignore those who speak the truth and threaten to expose them as the best way to hide the scams from the public.
In contrast, the Jewish media crime bosses continuously promote Jewish con men and clowns who have terrible track records as a way to enrich them all while steering the audience to their sponsors, most of which are Jewish Wall Street and related firms. Figure it out folks. It's not rocket science.
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Taken from March 2013 Vol 46, Intelligent Investor (Part 4) According to data collected from the Current Population Survey, and reported by the Bureau of Labor and Statistics, in 2012 the union...
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Realistically speaking, the jobs data has not been particularly encouraging. One of the least discussed statistics in the labor market has been that approximately 79% of all jobs created in the US for...
Economists and other hacks continue to point the blame on the lingering high unemployment rate on things outside of Washington's control. Some blame it on the economic cycle. These hacks insist the...
After having proclaimed the end of “Great Recession” in June 2009, Washington, establishment economists and Wall Street shills continue to insist that the U.S. economy is on the road to...
As in previous months, the private sector accounted for all the job gains in February, with an addition of 222,000 positions, up from a mere 68,000 job additions in January. This represented the large...
Continuing where I left off from last time... Rather than huge manufacturing industries reminiscent of America’s “Old Economy,” the “New Economy” is char...
For anyone who believes any positive earnings reports from the banks, you probably also believe there will be a real recovery in the economy. These “earnings” are even less credible th...
Understand this. The current structure of free trade only benefits U.S. corporations, their wealthy elite shareholders and the most impoverished segment of developing nations. Anyone who tells you fre...
As many of you may know, on March 27, 2008, Ford (F) completed negotiations to sell its Jaguar and Land Rover divisions to Tata Motors (TTM), a division of the Indian conglomerate Tata Group.