from The BRICS Post
Beijing’s staunch ally, Russia, on Saturday announced its decision to join the China-led Asian Infrastructure Investment Bank, the latest in the growing list of countries applying for membership, including US allies in the European Union.
Russian Deputy Prime Minister Igor Shuvalov, at the 2015 annual conference of the Boao Forum for Asia in the coastal town of China’s southern island province of Hainan, said President Vladimir Putin was keen on Moscow joining the Asian bank.
“I would like to inform you about the decision to participate in the AIIB,” said Shuvalov.
The application deadline to join as a founding member is March 31.
Continue Reading at TheBRICSPost.com…
by Steve St. Angelo
While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy. The reason is simple. Central Banks have gold in their vaults to dump on the market (or to lease) to control the price, but they have very little if any silver for this purpose.
We must remember, Gold and Silver go hand in hand. If one is controlled, so must the other. If the price of silver got out of hand and skyrocketed higher, for whatever reason, it would impact the price of gold as well.
Continue Reading at SRSRoccoReport.com…
from Zero Hedge
We were eager to assist the FBI with their recent push to ensure that New Yorkers remain “vigilant” when it comes to identifying and reporting ISIS “recruits and people who may carry out attacks,” but as we noted when the directive was first issued, “it was unclear what a person, pardon, recruit who ‘may carry out attacks in NYC’ looks like.’” Lacking guidance, we speculated that Twitter usage in conjunction with Nutella eating could well be a tell-tale sign, only to learn that the real giveaway is traveling to Turkey from Egypt with an iPod.
Continue Reading at ZeroHedge.com…
by Chris Campbell
Laissez Faire Books
It’s hot. The sun is beating down on your already-sunburnt face.
And then… the trunk lid slams shut.
The good news is the sun is no longer beating down on your face.
Bad news? Instead, a different kind of heat starts to overwhelm your senses. And your heart beats a little faster. It’s your body’s way of saying, ‘Hey, maybe a shot of adrenaline will help bring the light of the day back.’
But it doesn’t. It only makes your hands shake. And that’s the exact opposite thing you need your hands to do right now.
Continue Reading at LFB.org…
by Wolf Richter
The amount of money investors have plowed into startups has reached record highs. In 2014, investors of all kinds, from angels and VCs to big asset managers, invested $48.35 billion in startups, “only” the third highest year on record, but the highest since the crazy bubble years 1999 and 2000 when investors blew $55 billion and $105 billion respectively, even as the dot-com bubble was already imploding. Investors at the time were just a little slow in giving up hope.
But the “valuations” are getting crazy. The price at which new investors buy into a startup during a round of funding determines the “valuation.” As investors have become more eager with other people’s money, and as hedge funds and big asset managers have jumped into the fray in late-stage rounds, they have sent valuations on vertigo-inducing trajectories.
Continue Reading at WolfStreet.com…
by JT Long
The Gold Report
Chen Lin, author of the popular stock newsletter What Is Chen Buying? What Is Chen Selling?, knows the smart time to look for the next big gold company is when everyone else has left the sector. With China making moves to invest trillions in commodity-hungry infrastructure, Lin is traveling the world looking for the companies with the right projects in the right places making all the right moves. In this interview with The Gold Report, he shares some of the insights from his recent travels and discusses three companies with potential to be the next Goldcorp.
The Gold Report: You’ve written that the China-led Asian Infrastructure Investment Bank (AIIB) could lead to a boom in commodities. We recently saw that South Korea is joining a number of European countries and signing on, despite U.S. reservations. Do you see this as a threat to U.S. fiscal dominance?
Chen Lin: I think this is a first step for China. The country has a huge reserve, $4 trillion, much more than it needs on the balance sheet to stabilize its currency. The rest is wasted, collecting no interest. China made some huge mistakes in the past through poor acquisition decisions because of faulty lending standards.
Continue Reading at TheAuReport.com…
Earnings, consumers benefit: Guggenheim’s Minerd
by William Watts
NEW YORK (MarketWatch)—Oil futures could tumble as far as the mid-$20s before bottoming. But if history is a guide, that could be a positive scenario for stocks as corporate earnings and consumers reap the benefit of lower energy prices, said Scott Minerd, global chief investment officer at Guggenheim Partners.
But first, Minerd sees little reason to expect a significant near-term rebound for oil prices.
The supply-demand dynamics remain decidedly unfavorable, he said in a meeting with reporters Monday, particularly with storage capacity at the Cushing, Okla., delivery hub likely to run out in coming weeks. That will put even more crude on the spot market. He also isn’t convinced rig counts have fallen far enough to stop U.S. oil production from rising.
Continue Reading at MarketWatch.com…
How One Scientist May Have Cured Blindness
by Jimmy Mengel
Today, I am going to tell you my greatest fear.
In short, it is being crushed to death by a huge boulder…
But allow me to explain where this bizarre fear came from.
You see, as a child, I read Lord of the Flies by William Golding. It is the dystopian tale of a dozen or so teenagers getting stranded on a deserted island, and slowly turning into monsters while they try to survive. It is one of the most chilling looks at human nature itself, and remains one of my favorite books to this day.
Continue Reading at OutsiderClub.com…
by Jeff Berwick
Kim Dotcom, friend of freedom and innovation, has been entangled in court drama ever since his house was raided in New Zealand. It should be noted that Kim Dotcom is not American, did not operate in the US and did not live in the US… but somehow the US government has deemed that he had broken one of their half-a-billion “laws” and sent in the valiant US military in Blackhawk helicopters to abscond with his property. All of this because he operated an innovative website which allowed people to share information.
During the raid, the United States government stole $67 million worth of assets, including cash, property, luxury cars, jet skis, large screen televisions and art.
Dotcom told the Herald on Sunday yesterday that he had not had a fair trial and lamented the “sad state” of the “United States justice system.” Though, considering it is truly an Injustice System, it is functioning quite perfectly.
Continue Reading at DollarVigilante.com…
by Michael Krieger
Having already proven that their institutions are above the law in the aftermath of the financial crisis, executives at the “Too Big to Fail and Jail” banks have decided it’s time to teach Senate Democrats a lesson. Not being content with trillions in taxpayer backed bailouts to protect and further consolidate virtually all wealth within their oligarch fiefdoms, these bankers are irate at the notion that a commoner would dare criticize their unassailable crony privilege.
However, the worst part of this story, is that while Warren is harsher than most of her completely bought and paid for colleagues, she is still pretty meek when it comes to the big bank oligopoly. In her most misguided position, she doesn’t even support an audit of the largest organized crime institution operating within these United States, the Federal Reserve.
Continue Reading at LibertyBlitzkrieg.com…