InvestWithAlex.com 

Is GOLD About To Start A Vicious Rally?

I am not sure about “vicious” , but Gold does look very good at this juncture. While it is likely to come down over the next two weeks to close the gaps it left behind, the short-term technical picture looks very good for all involved. Gold, miners and ETFs. I will be the first to tell you that I am not smart enough to figure out what Gold will do from the fundamental perspective. There are two many variables at play. Is it money or commodity, supply/demand, macroeconomics, geopolitical issues, etc… 

With that said, recent gold technical action is encouraging. Particularly, when you take the bear market of 2014-2017 in equities and a severe recession in the US into consideration. The FED will start printing again over the next 12 months to avoid another collapse, which typically bodes well for GOLD as a hedge. Once the short term correction is over I would definitely recommend taking a long position in the likes of ABX, NEM, GG, GLD with very tight stop losses. 

gold chart investwithalex

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

Google

Why gold is setting up for a vicious rally

Gold is at its highest price in more than six months thanks to economic and political uncertainty in places like Argentina, Venezuela, Turkey, and, of course, Ukraine.

Meanwhile, the Federal Reserve Bank’s Open Market Committee (FOMC) meets Wednesday to discuss further tapering of its monetary stimulus program.

Though gold was down Monday for the first time in over a week, will the overall rally in gold continue?

“In fact, it is sustainable,” says Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson. “We’ve been very bullish here on the US, but we’re seeing things are getting a little dicey out there from a global standpoint. Emerging markets are on the ropes right now. You’re seeing what’s going on in Russia. Even in Europe, the momentum is slowing. All of that continues to favor gold.”

Ross notes that gold has broken above its 200-day moving average and is headed towards resistance not far above its Monday settlement price of $1,392.60 per ounce.

“I think the next stop if $1,420,” says Ross, who sees the yellow metal potentially making its way to $1,560 per ounce. “Clearly, you want to be a buyer down here and a seller higher later.”

CNBC contributor Andrew Busch, editor and publisher of The Busch Update, believes gold can indeed get close to Ross’ initial target of $1,420 but Busch doesn’t see it going much higher. It will depend on what happens at the FOMC meeting, he thinks.

“We’ll get some information on that Wednesday,” says Busch. “We’ll get Janet Yellen to talk. It’s really going to be what she says moving forward and what kind of forward guidance they give us for interest rates because the Fed is going to stay tapering and that will hurt gold overall.”

“I think we can get up to about $1,425 but I’d love to start shorting it there.”

Warning: Wall Street Is Sharply Divided On 2015.

Wait a second…… What the hell happened to 2014, are we done already? Yes, sorry, I forgot. As per CNBC, Goldman Sachs and most money managers out there we should have a 20-40% rally this year. It’s a done deal. My bad. 

Listen, this is rather simple. Our mathematical and timing work shows that we will have a severe bear market and a recession between 2014-2017. When economic data starts to confirm a recession, the FED will open the flood gates, once again, to try and re-inflate the markets and the economy. Until that happens they will continue cutting QE as per their originally publicized schedule. Down and up we go. Again. 

If you would like to know exactly when the bear market of 2014-2017 will start and it’s internal structure, please CLICK HERE. 

confused_guy

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

 

Warning: Wall Street Is Sharply Divided On 2015.  Google

Janet Yellen will chair her first meeting of the Federal Open Market Committee with broad agreement on Wall Street over the outlook for policy this year and a forecast for stronger U.S. growth this year and next. But the March CNBC Fed Survey finds sharp divisions over what happens to Federal Reserve policy in 2015 and a cloud of geopolitical concern hanging over the outlook.

All but one of the 41 respondents, who include economists, fund managers, and strategists, see the Fed tapering at the meeting this week, and 81 percent expect tapering at each of the remaining meetings this year.

That’s up from 72 percent in January. On average, respondents see the Fed tapering by around $10 billion at each meeting. A strong 59 percent agree with the $10 billion pace of tapering, with 27 percent saying the Fed should go faster and 10 percent saying slower.

The Fed currently is purchasing $65 billion in assets every month to try and drive down interest rates and stimulate the economy. It has signaled it would reduce or taper its purchases by $10 billion at each meeting this year, which would effectively ends it purchase program by December.

(Read more: US manufacturing output posts largest gain in six months)

Tom Williams | CQ Roll Call | Getty Images
Janet Yellen

“The strong February jobs report gives ammo for the Fed to continue tapering its stimulus program by $10 billion a month through 2014,” Robert Morgan of Fulcrum Securities wrote in response to the survey.

There are greater divisions emerging over what happens next year, however. About 60 percent see the Fed hiking interest rates in 2015 and 40 percent look for it to wait until 2016 or later. While 60 percent see the Fed maintaining its large balance sheet, now at $4.1 trillion and growing, 40 percent see the Fed reducing it, which can happen either through asset sales or by not replacing bonds that mature. Those who think the Fed reduces the size of its balance sheet in 2015, look for an average decline of $108 billion in 2015.

An overwhelming 95 percent of respondents think Yellen and the FOMC will scrap the guidance that says the Fed will consider raising interest rates once theunemployment rate drops to 6.5 percent, but they are unclear how the Fed fixes the problem. The rate has already declined to 6.7 percent and Yellen and other Fed officials have said that it does not tell the full story of excess slack in the labor market and the need for continued low rates.

“They will use Yellen’s first press conference to move away from the 6.5 percent unemployment threshold,” said Diane Swonk of Mesirow Financial.

About half of respondents think the Fed will drop a numerical target all together. A fifth of respondents think the threshold will be replaced by another number, with the average being 5.6 percent.

“Fed policy is not going to be bound by single hard numeric unemployment targets, but by the Fed’s judgment of the strength of the labor markets,” wrote Rod Smyth of Riverfront Investment Group.

Tony Crescenzi of Pimco called removing the threshold, together with an end to the bond-buying program, “a recipe for a steep yield curve, because longer maturities tend to bear the burden of uncertainty.”

Play Video
 
Expectations for the Fed
CNBC’s Steve Liesman thinks Fed Chair Janet Yellen will continue reducing monthly bond purchases by $10 billion.

Respondents to the survey also see economics new risks on the horizon, with most of them being the foreign horizons of China and Ukraine. “The financial markets are too complacent over a tail risk that could turn into a new ‘cold economic and financial war,'” wrote Allen Sinai of Decision Economics.

(Read more: Fed meets amid market skittishness)

Guy LeBas of Janney Montgomery Scott wrote that growing evidence that China and other emerging markets are slowing or even contracting is “a major impediment to global and thereby U.S. economic growth right at the time that the domestic situation is supposedly looking better.”

Still, average growth is seen picking up from 2.3 percent in 2013 to 2.8 percent in 2014 and 3 percent in 2015. The weather is seen subtracting about six-tenths of a point off growth in the fourth quarter of 2013 and the first quarter of 2014, but it will recapture four-tenths of that loss in the second quarter of this year.

Wall Street is reasonably comfortable with its outlook for Fed policy. Just a quarter say the risk is that the Fed is more hawkish than they forecast, a third say the risk is for a more dovish Fed. Forty percent say the risks are balanced. That’s up from 35 percent in the January meeting, the last one chaired by Yellen’s predecessor Ben Bernanke.

Seriously…..Who Is Killing The JP Morgan Bankers?

According to the New York Times, a 28-year old Manhattan associated with JP Morgan investment banker has died in an apparent suicide, police sources said. Kenneth Bellando, who worked at Levy Capital since January, was found dead on the sidewalk outside his East Side building on March 12 after allegedly jumping from the sixth-story roof, sources said. Bellando, was former investment bank analyst at JPMorgan. 

My condolences go out to the Bellando family. I know what it is like to face suicide due to financial/market losses, but what the hell is going on here. This is the 11th financial professional to commit suicide since the start of the year and the 5th directly associated with the JP Morgan Chase. I understand if the market were crashing, but they are close to all time highs. 

Previous Post: From February 21st, 2014

As they say, real life is sometimes stranger than fiction. If you haven’t been paying attention, a number of high profile bankers have committed “suicide” over the last 30 days. Mostly, by “jumping” from the rooftops of their office towers. Seven of them to be exact (please see the list below) With three of them being from the JP Morgan Chase.

So, is there something in the air that is forcing these otherwise young and wealthy bankers at the prime of their career to commit suicide? Did we have a 1929 style market crash or is that a new termination policy at the major banks? Am I missing something here? 

Any notion that all of the said bankers have committed suicide is laughable. Take Richard Talley for instance, who ended up shooting himself 8 times with a nail gun in both torso and head. How is that even possible?  Plus, with multiple connections between the dead bankers, particularly those working at JP Morgan Chase, something doesn’t add up.  

Recently Madoff acknowledge that top brass at JP Morgan knew about his Ponzi scheme for over 10 years. Letting it go on and collecting massive fees in the process. This was part of a $2 Billion settlement JPM reached a few months back. So, is JPM terminating its own employees or is this a hit ordered by someone? 

Here are my two cents. I don’t think JPM has anything to do with this, but I do believe the people in question have found themselves on the wrong side of a trade or they have screwed someone. Big time. Perhaps an organized crime group, maybe a government. Basically, they took someone’s money (whether legitimately or not) and that someone put a hit on them. Simple as that. Just another point of reference that Wall Street is turning into a war zone. 

The lesson for Wall Street bankers is as follows. Next time you screw most of the world out of billions of dollars (mortgage backed meltdown), there might be people, organizations or governments out there crazy enough to put a hit out on you.

One thing is for sure, dead bankers don’t talk. 

jpmorgan_man on ledge

List of dead bankers

-Li Jie – 33 year old investment banker at JP Morgan jumped to his death from the roof of the bank’s headquarters in Central Hong Kong yesterday. Witnesses said the man went to the roof of the 30-storey Chater House in the heart of Hong Kong’s central business district and, despite attempts to talk him down, jumped to his death.

 
 

– On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging at a house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.”

 

– Gabriel Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof.

 

– Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police are describing as a suicide. He was reported missing on January 29 by friends, who said he had been “having problems at work.”

 

– Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was also found dead earlier this month after apparently shooting himself with a nail gun.

 

– 37-year-old JP Morgan executive director Ryan Henry Crane died last week.

 

– Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown.

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

 

Seriously…..Who Is Killing The JP Morgan Bankers? Google

What I Would Like To Hear From The FED Chair Yellen

Earlier today Daily Ticker published an article “What markets want to hear from Fed Chair Yellen this week” (see below). Because you know, whatever lies come out of her mouth will determine what the stock market will do and/or what path the economy will take. What a bunch of nonsense. Here is what I would like to hear come out of her mouth.

Dear American People,

Since 1987, myself,  Mr. Greenspan and Mr. Bernanke worked tirelessly to destroy the American economy. Instead of following prudent monetary policy we flooded our markets with massive amounts of cheap credit every chance we got in 1994, 1998, 2001-06, 2008-today. We worked overtime to blow bubble after bubble to give a perception that the US Economy is doing great. We thought that by simply adding more credit into the system we could swipe all of the bad debt and zombie businesses under the carpet in order to continue rapid economic growth. Yet, it didn’t work. Instead of fixing the system, we have distorted to an extent unimaginable just 10 years ago.  

Particularly, our efforts backfired when instead of inflation and dollar devaluation we ended up in a credit default deflationary environment. An environment where we have destroyed the middle class for the benefit of the “Top 1%”. Now, there is no way out. We will have to go through a lot of economic pain to work such imbalances out of our economic system. I am truly sorry about this.  

That’s what I would like to hear. We can all dream….right? 

fed-reserve

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

 

What I Would Like To Hear From The FED Chair Yellen  Google

What markets want to hear from Fed Chair Yellen this week

Federal Reserve watchers are expecting the Federal Open Market Committee to announce an additional taper of $10 billion to its monthly bond-buying program Wednesday. The Fed started to reduce its bond purchases in January as it gauged the economy to be strong enough to withstand the move.

Janet Yellen will also answer reporters’ questions Wednesday in her first press conference as Fed Chair since taking over from Ben Bernanke in February. She does not want to “rock the boat” says BNP economist Julia Coronado, and will likely signal that the Fed has no intention of altering course as it gradually reins in the stimulus program known as “quantitative easing.” The Fed’s balance sheet has ballooned to above $4.1 trillion as a result of its monthly purchases of Treasuries and mortgage-backed securities, up from $869 billion in August 2007.

Like other economists, Coronado says the Fed may also reduce the threshold it has set for beginning to raise short-term interest rates. The Fed has linked that to a jobless rate of 6.5% or so. But the unemployment rate has already fallen to 6.7%, and with the Fed likely to keep rates close to 0 into 2015, an adjustment in the target rate seems necessary.

Related: Jobs better-than-expected but “the labor market is still weak”: NYT’s Greenhouse

“The Fed will abandon those numerical thresholds,” Coronado explains in the video above. “At least half of the decline in the unemployment rate is due to falling labor participation, a sign of weakness.” But the jobs report was not the “decisive factor” in the change, she adds.

“The Fed never reacts to just one data point and it’s willing to look through a lot of the weakness we’ve seen in hiring and other data reflective of the severe winter weather,” Coronado says.

Even as the Fed further reduces its stimulus program, Coronado argues that $55 billion in monthly bond purchases is “still a lot of money” to inject into the economy. That stimulus will keep the markets “resilient” and prolong higher interest rates for a lot longer.

What will Yellen’s first press conference be like? Watch the video to find out!

 

Did The US Navy Land Malaysia Airlines Flight 370 At It’s Diego Garcia Base In The Indian Ocean? (Part II)

Let’s continue with our top notch conspiracy theory reported on yesterday. WHY? Well, quite frankly because the report below makes more sense than traditional media BS we are being fed. I mean….come on. The plane vanishes into thin air in a highly trafficked and militarized area full of radars and no one has any idea what happened to it? Give me a break. Mind you, that is in a day and age when NSA knows if I am typing this blog post on my desktop or on my smart phone while sitting on a toilet. Plus, this type of thinking and questioning expands your mind and challenges traditional way of looking at things. Which should be done anyways. 

On a more serious note, as per last known location, the plane traveled directly towards Diego Garcia US Naval Base in the Indian Ocean. Yet, not a single news agency even mentioned that. The same Naval Base that has an air strip long enough to land a space shuttle and radar capability strong enough to cover most of the Indian Ocean. And they couldn’t see flight 370? Yeah, right. Was there something going to China that the US Government wanted to intercept? A disease? One thing is for sure, it’s a fascinating story. Read the report below and decide for yourself.   

z18.

 

Learn More About Diego Garcia Base Here

A grim report prepared by the Main Intelligence Directorate of the General Staff of the Armed Forces (GRU) on Malaysia Airlines Flight 370 is stating today that within 24-hours of this aircrafts “diversion” to the highly secretive Indian Ocean US military base located on the Diego Garcia atoll, no less than four flights, within the past week, containing top American and Chinese disease scientists and experts have, likewise, been flown to there.

According to this report, Malaysia Airlines Flight 370 (also marketed as China Southern Airlines flight 748 through a codeshare) was a scheduled passenger flight from Kuala Lumpur, Malaysia, to Beijing, China, when on 8 March this Boeing 777-200ER aircraft “disappeared” in flight with 227 passengers on board from 15 countries, most of whom were Chinese, and 12 crew members.

As we had previously noted in our report “Russia “Puzzled” Over Malaysia Airlines “Capture” By US Navy,” the GRU had previously notified China’s Ministry of State Security (MSS) of its suspicions regarding this flight due its containing a “highly suspicious” cargo that had been offloaded in the Republic of Seychelles from the US-flagged container ship MV Maersk Alabama.

First arousing the GRU’s concerns regarding this “highly suspicious” cargo, this report continues, was that after its unloading from the MV Maersk Alabama on 17 February, its then transfer to Seychelles International Airport where it was loaded on an Emirates flight bound for Kuala Lumpur International Airport in Malaysia, after first stopping over in Dubai, the two highly trained US Navy SEALS who were guarding it were found dead.

The two US Navy SEALS protecting this “highly suspicious” cargo, Mark Daniel Kennedy, 43, and Jeffrey Keith Reynolds, 44, were found dead under “suspicious circumstances” aboard the MV Maersk Alabama, this report says, further raising Russian intelligence suspicions as they were both employed by the Virginia Beach, Virginia-based maritime security firm The Trident Group which was founded by US Navy Special Operations Personnel (SEAL’s) and Senior US Naval Surface Warfare Officers and has long been known by the GRU to protect vital transfers of both atomic and biological materials throughout the world.

Upon Flight 370’s departure from Malaysia on 8 March, this report continues, the GRU was notified by the MSS that they were going to divert it from its scheduled destination of Beijing to Haikou Meilan International Airport (HAK) located in Hainan Province (aka Hainan Island).

Prior to this planes entering into People Liberation Army (PLA) protected zones of the South China Sea known as the Spratly Islands, however, this report continues, Flight 370 “significantly deviated” from its flight course and was tracked by VKO satellites and radar flying into the Indian Ocean region and completing its nearly 3,447 kilometer (2,142 miles) flight to Diego Garcia.

In a confirmation of the GRU’s assertion that Flight 370 was, indeed, flown to Diego Garcia, this report says, satellite transmission data analyzed by US investigators showed that this planes most likely last-known position was in a zone about 1,609 kilometers (1,000 miles) west of Perth, Australia in the Indian Ocean..

Most troubling to the GRU about Flight 370’s “diversion” to Diego Garcia, this report says, was that it was “nearly immediately” followed by some of the top disease scientists and experts from the United States Centers for Disease Control and Prevention (CDC) and the Chinese Center for Disease Control and Prevention (CCDCP) embarking to Diego Garcia on at least four flights.

As to why both American and Chinese disease experts were taken to Diego Garcia where Flight 370 is now known to be, this report says, has as yet not been answered by either of these governments after repeated Foreign Ministry requests for “explanations and clarification.”

What is to be known, this report says, is that as Malaysia has been forced to admit Flight 370 was, indeed, “diverted” from its flight path as the GRU had previously reported, and as at least 25 nations are now involved in searching for it, it remains a mystery as to what is actually occurring.

Also known, this report concludes, is that Diego Garcia as a designated ETOPS emergency landing site for flight planning purposes of commercial airliners transversing the Indian Ocean, and as one of 33 emergency landing sites worldwide for the NASA Space Shuttle, it is “inconceivable” that any type of aircraft, let alone Flight 370, can fly anywhere in the Southern Hemisphere without being tracked, monitored and recorded in totality. 

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

Google

Inflation….What Inflation?

Core inflation dropped to a 10 Year low of 1.1% Y-O-Y or 0.1% in February. Bad news for Gold Bugs expecting Zimbabwe type of an inflationary environment. I have been a strong proponent, since about 2002, that we are in a deflationary environment as opposed to an inflationary one. Massive bad debt we have in our system must be liquidated, which is deflationary. The reason we see resemblance of inflation is due purely to FED’s efforts.

By pumping a tremendous amount of credit into our financial system the FED was able to create an illusion of inflation. However, most of this inflation went right into the stock market and the real estate market. Creating massive bubbles in both today and in 2007. Today’s low CPI is another confirmation of that. As the FED slows QE even further it won’t be long before net positive CPI number turns into a negative one. 

zimbabwe-money

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

Inflation….What Inflation?  Google

The Labor Department has released its latest report on retail inflation via the Consumer Price Index (CPI). Prices in February were up 0.1% on the headline CPI. Core inflation, excluding food and energy, rose by 0.1% as well. Bloomberg had estimates of 0.1% on the headline and 0.1% on the core inflation reading.

The end result is that prices were up only 1.1% from a year ago. What stands out here is that this is the weakest 12-month gain in about six months, but furthermore it remains well under the Federal Reserve’s inflation target of 2% — the same day that an FOMC meeting is starting. The core inflation was up by 1.6% from a year ago.

Food prices were up by 0.4%, but energy prices were down by -0.5%. The gain in food was the most in over two years, which may be partly driven by that West Coast drought. Lower gasoline prices around the country offset higher heating bills in the Midwest and Northeast.

Stock futures surged Tuesday morning on Putin’s comments that he does not want to enter other parts of Ukraine. Tuesday’s CPI report has not taken any noticeable gains away.

Putin To The West: Shut Up Already. You Did The Same Thing In Kosovo

Whatever you think of Putin, you got to respect a man who is willing to stand up for what he believes in. Take notes Obama. Putin gave an important speech overnight and here are some of his major points. Pay close attention to the first two points to understand why he was willing to go to war over Ukraine.  

  • Putin accused the West of cheating Russia on many occasions, doing whatever it wants in pursuit of its own interests regardless of the legality of such actions. He said it was high time for Western powers to admit that Russia has its own international agenda and national interests too, and that they must be respected.
  • Russia would not tolerate the expansion of NATO to its borders and the military threat it poses, Putin said. Moscow is not against cooperation with NATO, but only if it is done with mutual respect.
  • Putin dismissed criticism of the Crimean referendum, which calls the move illegitimate. He cited Kosovo’s unilateral declaration of independence as an example of self-determination praised by the West.
  • He dismissed the notion that Kosovo was a unique case due to the bloodshed and ethnic conflicts in Yugoslavia, a position maintained by Washington.
  • The president brushed aside the allegations that Russia “invaded” Crimea ahead of the referendum. He said Moscow only reserved the right to use its troops to protect ethnic Russians from the radicals, but never did so.
  • The referendum on independence in Crimea was conducted in strict accordance with democratic principles and the international law, President Vladimir Putin told the Federal Assembly, as he was welcomed by a standing ovation.
  • Putin stressed that the results of the referendum, in which more than 82 percent of Crimean residents came to polling stations and more than 96 percent of those voted for rejoining Russia, leave no room for equivocation.
  • He said he sympathized with Ukrainians who took to the streets of Kiev in protest against President Yanukovich, whom they saw as profoundly corrupt.

putin on a horse investwithalex

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

Putin To The West: Shut Up Already. You Did The Same Thing In Kosovo  Google

Putin: Crimea similar to Kosovo, West is rewriting its own rule book

The referendum on independence in Crimea was conducted in strict accordance with democratic principles and the international law, President Vladimir Putin told the Federal Assembly, as he was welcomed by a standing ovation.

Putin stressed that the results of the referendum, in which more than 82 percent of Crimean residents came to polling stations and more than 96 percent of those voted for rejoining Russia, leave no room for equivocation.

He said the history of Crimea, its cultural, religious and spiritual ties bind it with the peoples of Russia, Ukraine and Belarus, which explains the attitude Russians have towards the peninsula.

The president said Crimea had dark pages in its past, particularly the persecution of Crimean Tatars and other minorities in the USSR. The authorities of Crimea seek to recompense for those ills. One such move would be accepting the language of Crimean Tatars as an official language in Crimea on par with Russian and Ukrainian.

Putin lashed out at former Soviet leader Nikita Khrushchev, under whose rule Crimea was attached to the Soviet Ukraine without any regard for Crimeans’ wishes and in violation of the laws of the time.

Crimean separation from Russia was reinforced again after the split of the Soviet Union, Putin said. This could be partially blamed on Moscow too, as it hailed the so-called “parade of sovereignty” of the Soviet Republics.

 

Russia has since respected the results of the USSR’s dissolution, including Crimea’s being part of Ukraine.

Russia’s position was based on the assumption that Ukraine would remain a friendly partner respecting the historic ties between the two countries. Russia continues and will continue to see these relations as most important.

Putin criticized several governments in Kiev for neglecting average Ukrainians, seeing the country as a source of profit.

He said he sympathized with Ukrainians who took to the streets of Kiev in protest against President Yanukovich, whom they saw as profoundly corrupt.

But the new authorities who replaced Yanukovich after an armed coup are to a large degree controlled by the radical nationalists, Putin stated.

Those same radicals voiced threats against Ukrainians who resist their rule, particularly those living in Crimea.

Turning a blind eye to those threats and the moves of the new authorities, which violated the rights of ethnic Russians in Ukraine, would be betrayal on part of Russia, Putin said.

The president brushed aside the allegations that Russia “invaded” Crimea ahead of the referendum. He said Moscow only reserved the right to use its troops to protect ethnic Russians from the radicals, but never did so.

 

Russian President Vladimir Putin addresses the Federal Assembly, including State Duma deputies, members of the Federation Council, regional governors and civil society representatives, at the Kremlin in Moscow March 18, 2014. (Reuters / Maxim Shemetov)

Russian President Vladimir Putin addresses the Federal Assembly, including State Duma deputies, members of the Federation Council, regional governors and civil society representatives, at the Kremlin in Moscow March 18, 2014. (Reuters / Maxim Shemetov)

 

Whatever troops Russia has in Ukraine are present lawfully, since Russia can deploy up to 25,000 troops as part of the contract to maintain its naval base in Crimea, Putin said.

Putin dismissed criticism of the Crimean referendum, which calls the move illegitimate. He cited Kosovo’s unilateral declaration of independence as an example of self-determination praised by the West.

That ballot was ruled legitimate from the standpoint of international law by the International Court of Justice, and the same rule applies to Crimea, he said.

He dismissed the notion that Kosovo was a unique case due to the bloodshed and ethnic conflicts in Yugoslavia, a position maintained by Washington.

The ICJ says nothing about number of victims in justifying Kosovo’s secession from Serbia, Putin said.

Russia dismisses the “need” for victims for Crimea to declare independence, Putin said. He added that there could be victims there, if it were not for the Crimean self-defense forces, which prevented any possible provocations.

The Russian president also praised the Ukrainian military in Crimea, who showed restrained during the crisis and did not allow any bloodshed in the defiant peninsula.

Putin accused the West of cheating Russia on many occasions, doing whatever it wants in pursuit of its own interests regardless of the legality of such actions. He said it was high time for Western powers to admit that Russia has its own international agenda and national interests too, and that they must be respected.

Russia would not tolerate the expansion of NATO to its borders and the military threat it poses, Putin said. Moscow is not against cooperation with NATO, but only if it is done with mutual respect.

Putin said that amid the Ukrainian turmoil and considering the historic context, he understood well why the Crimean people chose to join Russia. Any other status would not ensure the stability and safety of Crimea. Crimea wants to be under a stable sovereignty, and the fact is that this sovereignty may only be Russian, he stressed.

The Russian population is overwhelmingly in favor of accepting Crimea as part of Russia, Putin said.

Considering all those factors, Putin is submitting a draft federal law which would incorporate Crimea and the City of Sevastopol into Russian territory, as well as a request to ratify an international treaty with the government of Crimea to make this happen. He said he was sure of the legislature’s support for both documents.

Russian Mafia Talking Head…..We Can Nuke America Back To The Stone Age

Watch with caption below and decide for yourself

Russian Mafia Talking Head…..We Can Nuke America Back To The Stone Age

The Real Reason Why Car Dealers Are Terrified Of Tesla

No More Oil Changes. For most car dealers, their servicing centers are their cash cows. And nothing brings cars in like a regular oil change. It’s not a secret that once they are changing your oil they are likely to find 20 other things that “require your immediate attention and repair or your tires will fall off and you will die in a fiery crash”. Now, Tesla is trying to change all of that. With their battery pack technology, your car will not need an oil change or for the most part other servicing. In fact, Tesla offers service download where they would download your car information and let the software fix it. 

Isn’t technology great?

Not according to Coalition of Automotive Retailers which is fighting Tesla and it’s direct sales model in every state that it can.  

tesla-investwithalex

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

 

The Real Reason Why Car Dealers Are Terrified Of Tesla  Google

 

Car Dealers Are Terrified of Tesla’s Plan to Eliminate Oil Changes

Car dealers fear Tesla. In states across the country, powerful car dealer associations have lobbied to ensure the electric car maker and its direct-sales model are kept out. This movement claimed another victory this week when New Jersey banned Tesla stores in the state.

On the surface, the fear is hard to fathom. In New Jersey, for instance, sales of Tesla’s $70,000 Model S reportedly number in the hundreds. But if you dig a little deeper, it becomes obvious why dealers are worried. They don’t just fear Tesla’s cars. They fear Tesla’s plan to create a world where you never have to bring your car into the shop again.

The first and most striking way Tesla kills the dealer service department cash cow is downloads. As part of its sales pitch, Tesla says you should think of its Model S sedan as “an app on four wheels.” That may sound like vacuous Silicon Valley marketing copy, but the company isn’t just being metaphorical. Software is at the heart of what keeps Teslas running. These internet-connected cars are designed to self-diagnose their problems. The vehicles can also download software fixes or updates — even new features — much like an iPhone when Apple puts out a new version of iOS. When fixes happen over the air, there’s no need for a shop in the first place.

It’s hard to charge for an oil change when there’s no oil to be changed.

The ability to repair a car via software is especially important when the vehicle itself consists of so much new technology that traditional mechanics don’t know how to fix. The flip side is that without an internal combustion engine, there’s not as much to fix. I’ve written before that a Tesla without its outer shell looks like acell phone on wheels. It’s basically just a big battery. That means no spark plugs, no air filters, no fuel pumps, no timing belts. In short, Teslas don’t have any of the parts that force you to take your car in for “regularly scheduled maintenance” — services that can cost dearly at the dealer. But it’s hard to charge for an oil change when there’s no oil to be changed.

To be fair, Tesla isn’t doing away entirely with bringing your car in. The company recommends an inspection once a year or every 12,500 miles. Its service plans start at $600 per year* or less if you buy multiple years at once. The plans include replacement of standard parts like brake pads and windshield wipers. The company will monitor your car remotely and tell you when there are problems, such as faulty batteries. In theory, there are pitfalls in an arrangement where the company that makes your car is the only one that can fix it. But Tesla would seem to alleviate that concern with its flat-rate plans, rather than fee-for-service gouging for every fix. What’s more, the company says your warranty is still valid regardless of whether you get your car serviced at all.

Yes, these all sound like grand promises. And for all we know, Tesla won’t be able to deliver on them in the end. But Consumer Reports’ decision to name the Model S the country’s best overall car suggests otherwise.

Even the fact that Tesla is making these promises at all must strike horror in the hearts of dealers. Once presented with the possibility that most of the costly headaches of owning a car aren’t necessary, car buyers might start asking dealers why they don’t change, too. The answer, of course, is that all those headaches are exactly what keep us coming back to the shop and putting more money in their pockets.

At Tesla’s most recent annual meeting, one shareholder asked founder and CEO Elon Musk about whether challenges to the company from traditional auto dealers hurt the company’s business outlook. Musk argued that consumer desire for a better way of buying and owning cars would win out. He said the traditional franchise model that dominates auto-selling in the U.S. wouldn’t work for Tesla for several reasons, including its reliance on maintenance to make money. “Our philosophy with respect to service is not to make a profit on service,” Musk said. “I think it’s terrible to make a profit on service.”

The shareholders applauded — the same shareholders that have sent Tesla’s stock price up nearly 650 percent over the past year. Yes, for now, Tesla only makes luxury cars, and its approach to service might seem like a luxury. But if it starts making cars regular people can afford, that applause for car dealers could be the sound of money spiraling down the drain.

What You Ought To Know About Warren Buffett

buffett investwithalex

FUN FACTS ABOUT WARREN BUFFETT: 

  • Warren Buffett, the 3rd richest man in the world, still lives in the $31,500 house he bought in 1957.
  • Warren Buffett gave 85% of his money to charity (mostly to the Bill and Melinda Gates Foundation) to a total of 40.7 billion dollars.
  • Warren Buffett filed his first tax return in 1944, at the age of 14, and took a $35 deduction for the use of his bike and watch on his paper route.
  • In 2010, a lunch with Warren Buffett was auctioned off to a man for $2.63 million dollars
  • If you invested $1000 with Warren Buffett in 1957, you would have amassed upwards of $30 Million today.

WARREN BUFFETT QUOTES:

  • “If past history was all there was to the game, the richest people would be librarians.”
  • “Only when the tide goes out do you discover who’s been swimming naked.”
  • “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!


Click here to subscribe to my mailing list

What You Ought To Know About Warren Buffett Google