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AGE OF CURRENCY WAR The entire industrialized world is engaged in a form of economic warfare known as inflation . The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What you can buy stuff for in your country versus what you can buy stuff for in my country. The more inflation we cause, the more attractive our exports become to other countries. If you managed to destroy your economy through regulations, through taxation, through bad management and bad government and you don't really know how to create economic growth to pay for all the special welfare programs like UBI . If you don't have a way to do that through an actual growth, because you hamstrung your economy, how can you get more growth??? The way they do it is through currency inflation . So every industrialized nation in the world has figured this out. Now they all fighting a battle to make their currency as cheap as possible so their exports could be more attractive. How to create inflation? Well they reduce interest rates, making bonds less expensive, and then they end up issuing a lot of debt and printing a lot of money. They put money into circulation and they incentivize consumption. They put extra trillions of dollars into circulation because they know people will spend each penny every single year. It is gonna create a lot of inflation . They go further. What we see now is governments reducing its interest rates to negative.So if interest rates are negative it is no more reasonable to save money because it is costing you money to just put them in the bank. If saving money costs you, so you should spend your money as fast as you can and that is what these countries are doing. They are offering things like: negative interest rates on the mortgage to buy a house in Scandic nations. They are trying to stimulate a massive amount of consumption to pay you so you consume. In the beginning, it sounds like a great idea to you because you can purchase a 100000 home for 95000 by the time you done paying it because you have a negative interest rate. Over the long term though this is going to destroy an economy because it denies a very simple truth about the time value of money, about the way economics works. If they are manipulating the system for short term benefits it will end up crashing us. If interest rate is a price of money just think about it: if someone is paying you to take money from them, what does it tell you about future value of this money??? I will stop here. I will be happy to know your thoughts on a current situation. Feel free to share in a comment section.
TVC:EXYShort
by VasilyTrader
1
BTC gonna hurtResistance holds strong at around 9500$ but lower lows one after another, all Alt coins going down very strongly showing all these weakness signs since way in the past + ma crossovers really indicate the resistance is likely to collapse. Then its gonna hurt. definitely not time to be long. and entering short with anticipation instead of reacting to breakdowns below the resistance might be not a bad idea. Plus remember - these are cyrptos they are a lot more submissive to such simple TA, which really tells me this is a good time to gear up for shorts. Even if it doesnt work - downside is very little here
BITMEX:BTCUSD.PShort
by RogueTrader1111
WHAT A STUPID THING TO DO FOR A CEO OF NETFLIX! LOOKS SUSPICIOUSI DONT KNOW IF YOU ARE LIKE ME BUT I FIND IT HIGHLY SUSPICIOUS FOR A CEO OF A COMPANY LIKE NETFLIX BEING WATCHED VERY CLOSELY AND HOOVERING AROUND 300 $ FOR A WHILE AFTER COLLAPSING FROM 370 $ BECAUSE OF POOR SUBSCRIBERS NUMBERS AND NEW COMPETITORS OUTLOOK!!! MAKING SUCH A POOR COMMENT PUBLICLY IS EITHER BEING THE DUMMEST ASSHOLE OF ALL TIME OR HE IS UP TO SOMETHING WITH WHOEVER WE DONT KNOW TRYING TO PUSH THE SHARE PRICE LOWER MAYBE TO BUY MASSIVELY CHEAPER. FOR SURE HE KNEW THAT OPENING HIS BIG MOUTH LIKE THIS WOULD CAUSE GREAT STRIRS IN THE MARKET AND PRESSURE ON PRICE! SO THE KEY QUESTION INVESTORS ANS SPECULATORS ALIKE SHOULD ASK IS WHY DID HE DO THAT ???? ESPECIALLY THAT HE SAID NOTHING NEW REALLY ABOUT THE NEW COMPETITION AND THE PRICING WAR AND CHANGED LANDSCAPE. LET ME KNOW YOUR VIEWS THANKS A LOT
NASDAQ:NFLX
by PhilippeDelpCFA
2
GLOBAL COLLAPSE IS COMING? WHY TO BUY BTC IN 2019? It’s time to tell everyone the TRUTH about our Lord - Bitcoin! PREHISTORY The select few of us know that the origins of blockchain and Bitcoin could be found on the insides of the ancient Egyptian Pyramids, in the Scriptures of Maya civilization and on the remnants of the great columns of Asfix behind the polar circle, giving us a hint to that the climate in the past has been much warmer! The first deciphered code for blockchain has been published in the Big Soviet Encyclopedia for 1933, but no one knew what the codes were for back then. Then the Great War started and so everyone forgot about The Code for decades. Everyone? Well, no. As anything of significance, it is obvious that the Bitcoin project has been brewed inside the CIA depths for decades. Michael Lobnivski, a Soviet decedent, and a marine biologist, who studied lizards for decades, smuggled the encyclopedia to the 3d Reich in 1944. In 1945 the Allied armies got hold of all the nazi archives. The Encyclopedia was translated to English and, disappeared in the depths of the CIA. The proving traces of these events can be found on the Secretary of State report as of 21.09.2012, by Michael Bochler, indirectly mentioning the Encyclopedia, Lobnivski’s trial, and the codes. Time passed, humanity got hold of computers. The codes quietly waiting for their time. OUR TIME The 2008 release date of Bitcoin could not have been more timely. Afghanistan successive government's war on opium fields, with the fields fighting back, though, (those pink dragons certainly give you an edge) were putting at risk the CIA’s key revenue source at the time, worldwide heroin trade. The other source was oil and energy markets(remember Kissinger making love in Saudi?, that’s CIA). Take a look at 2008. 1. The Great Financial Crisis being an engineered weapon of mass economic destruction by Big Banks, aligned with world top coffee producers against the CIA and the national governments. 2. Oil demand Halved 3. Big Pharma raised insulin priced by a factor of 4 4. The first 3 headed mouse was born 5. First Time Ever Olympic Games in China!! 6. Snow Storms in the Sahara Desert for the first time in 500 years 7. Mongolia launching its first satellite 8. Bolivia joining NATO 9. First-Ever Transgenders of Color Conference In Somalia 10. Baghar China Air Strike 11. Surprise attempts to clone a Mammoth in Serbia 12. Nepal Transferring all its Gold reserves from India to Jamaica 13. Battle of Vidalltaltivu 14. 5000th year by the Ethiopian Calendar 15. Massive Solar Eclipse, followed by drought in Macedonia 16. The warmest summer in 300 years These are just 16 of numerous not less significant events of that TURNING POINT year of History! And then, Bitcoin drops there like a bomb. A bomb that no one seems to have noticed. But bear with me, this is only the beginning! Bretton Woods system collapse, gold confiscation, fiat currency. For those of you who know history, the parallels could not be clearer Caligula, the infamous emperor of Ancient Rome did just that, he confiscated all the gold, minting copper coins instead, with large sums of money transferred on paper, by the Emperor's signature. That move led to the Roman Empire collapse 150 years later. Coincidence? So, without further a due, Bitcoin was launched to destroy the Banks stranglehold on money, FIRST But then, and folks this is very important! To generate demand for electricity, OR oil and coal! Which GUESS WHAT- are then second revenue stream for CIA Now, in the light of this revelation, things like the GLOBAL WARMING HOAX are starting to take hold and make sense as the Banks are retaliating! It Used to be the new global ice age coming in the 80s, remember? 1982 was the year when there was so much ice in the Mediterranean they had to buy the icebreakers from Finland! The thing is, that the fight with global warming implies DRAMATIC REDUCTION in coal and oil use, with the efficiency standards, carbon taxes and all the insanities that come with that. The Green New Deal, Paris Climate Accord and other initiatives, now falling within the same logic are aimed at Bitcoin, CIA and the group of influence that is Behind it, namely the Masons! Yes, the ancient aristocratic families collectively protecting the common interests. Judging by the Trump actions like pulling out of the Paris Climate Accord and slashing regulations, his surprise win in 2016 itself, we might conclude that the Masons are taking the upper hand in the global fight. And what is good for Masonry is good for Bitcoin. But not all is shiny and chrome in the Dutch kingdom. The US opioid crisis, no doubt engineered by the CIA to get new heroin users after the Taliban emerging victorious in the opium field clashes with new heroin ready to flood the markets, has come to an abrupt halt this week with the historic court ruling, fining the Oxicotine producer by more than 5 billion dollars, de facto banning the prescription opioid use. The Masonry opponents, the illuminate, that assembled from the Communist International and the 3d Reich officials after its fall, using the missing Russian Empire Gold as the seed capital, judging by this court ruling have made their way to the top echelons of power and are striking back. AOC, Ilhan Omar and the likes are their pet projects. Also, went unnoticed the news of EU commissioner election, the federalist, and an Eco-Warrior, that’s pledged to get the EU carbon neutral by 2040 Fentanyl drug, being a synthetic version of heroin is Also an Illuminati attempt to hurt the Masonry. Crucially, a massive tie of interests has become apparent. The thing is, the CIA started to use Bitcoin as a tool for the Arms sales from Irak. Lots and Lots of guns, missiles, tanks. These weapons found their way into the Ukranian conflict, innumerable wars in Africa, some are rumored to have reached the depths of Khazahstan, awaiting their moment.  The problem is, that the CIA demonstrating BIOtcoins potential for anonymity, had an unintended consequence. Cocaine mafia, has yet miraculously managed to stay away from the conflict of the century selling the drug to both parties started using bitcoin for global bulk cocaine sales. As we all know, cocaine and heroin indices are in a negative correlation. One goes up, the other goes down. That has created a massive headache for the CIA, which used to supply guns to the Contras in Amazonia, in the 80s, fuelling then weak cocaine wars of the present.  Cocaine glut was turning people away from heroin.  The paradox is- FBI, which represents the Illuminati party, is fighting both cocaine and heroin, because it is all in, in the cannabis and mushrooms business.  So the FBI, trying to break the cocaine mafia confiscated tons of bitcoins. So much, in fact, that FBI is now the largest single holder of bitcoin after the Masons. And here is the beauty of the fate’s irony. FBI is now interested in the bitcoin growth too! But FBI is an armed ring of the illuminates, which is fueling the schism among the ranks. The latter could be seen spilling out into the public with the latest Epstein pedophilia scandal. It is not a secret to anyone in the know, that both the mason and Illuminati consecration ceremonies involve pedophilia and perversion of all kinds, let alone regular ritualistic murders. That is needed for team-building purposes and trust.  Anyhow, the pedophile, supplying victims to both parties was exposed to the wide world, which has become the ground for the temporary peace and compromise, both agreeing the man has to die. And he died. Clockwork. One more event is awaiting us in the Western world, which is the split of the United Kingdom into Scotland Northern Ireland and the Rest in case of a No Deal Brexit, which is, no doubt In the Illuminati interest, due to the fact that the UK in the EU was the only Masons voice, being able to stop certain moves and initiatives. With the UK gone the whole of the EU, which is the illuminati project in the first place, as the substitution for the fallen Soviet Union, will be in the Illuminate hands entirely, which even might lead to a ban of bitcoin in Europe! Beware! Lets turn the globe now, and we will find ourselves in the snows of Russia, where the two groups fight has spilled into the violent feminists clashes with hard-line vegan activists, with the Neo-communists taking a contemplative pause waiting for the time to decide the result of the clushes In China, the Illuminati agent since the Dorn of time, we see historic struggle in Hong Kong over the right to drive on the left side of the road, with Taiwan saying it starts keeping its reserves in bitcoin as an opposition horseman move on a 4d chessboard of the epic global battle. Now you, the enlightened reader, can map almost any, seemingly insignificant event onto the Bitcoin chart, knowing full well, that it is all a massive game of chess on a giant Bitcoin board. Each event- a move and a cunning plot in a grand scheme of things Choose your side carefully! Long BitCoin-and you side with the Masonry. Short bitcoin- you all in for the Illuminati! Inspired by: @alanmasters @MagicPoopCannon @botje11 @VaidoVeek Credits to: @CassidyWaterhouS
COINBASE:BTCUSDLong
by VasilyTrader
331
GOLDMONEY SHARE - 400% OPPORTUNITY?COMPANY & BUSINESS MODEL GoldMoney is a Canadian financial technology firm listed on the Toronto Stock Exchange. The company is a precious metals payment network, offering precious metals investment services to a broad audience. Legally regulated Goldmoney Holding, based on the company's patented technology, allows customers to open a warehouse account that they can manage online. Customers can invest in gold, silver and other precious metals stored in insured vaults in various countries. The stocks are customer tracked and can be physically repurchased. Goldmoney also holds interests in "Mene" & Schiffgold, both e-commerce jewelry providers and "L & B Trust", gold-based lending. The crypto business has left Goldmoney again at the end of 2018. CUSTOMER BENEFITS The fear of a bank collapse? Goldmoney helps. The customer is not dependent on the solvency of his bank as usual. Where the mass currently does not worry too much, as you firmly believe in your deposit insurance. In many countries, inflation is high and people are afraid of further devaluation. There are also extreme examples like Venezuela where the fiat money is practically worthless. The prices increase. The cash withdrawal is only very limited possible. In Europe we can not imagine that "yet". With the Goldmoney Mastercard the customer has a decisive advantage. The gold is physically deposited. The value remains stable in a crisis or even increases massively. If the customer wants to pay with the card, he can do so in his desired fiat currency. The fee model is m.E. very fair. BUSINESS REVIEW - Share is not significantly above book value - Low schooling (equity ratio above 90%) - Big cash & gold stocks - Attractive investments (growth investments) - Organic growth is right EXCLUSIVE RESEARCH In so-called field research, among other things, they talk to the management, make surveys and put the services of the company through their paces. However, please understand that I can not share all the content with you here. However, some information is also available internally. Among other things, no less than George Soros is involved in the company. (Source by PN) Soros is one of the best known and most successful investors. His investments have made him one of the richest people in the world. The company founders also hold significant shares in the company. OPPORTUNITIES - Timing could fit well (rising gold price) The price of gold is currently bullish. That should have a very positive effect on Goldmoney in many ways. - Rating The market has not even begun to notice how attractive the valuation of Goldmoney shares currently is. - Crisis Share The ultra-loose monetary policy will one day take great revenge. The hype about cryptocurrencies comes not by chance. In a crisis Goldmoney could become a high flyer. - Takeover For various reasons, I think it's not unlikely that Goldmoney will one day be taken over. Nevertheless, I prefer, of course, if Goldmoney remains independent. RISKS - Customer is king. Customer satisfaction needs to be improved - New laws Historically, there have already been "gold bans". Here, however, the advantage is that the gold, outside the EU, is physically stored and legally owned by you. In an emergency, you can immediately change your gold holdings into fiat currencies or alternative assets, or even physically purchase them. - Competitor Among the competitors should count Libra, where I put Libra in the same drawer as Apple Pay and so on. Although Libra has an extremely large network and can reach the potential customers through your reach (Whattsapp, Facebook, etc.) very quickly. However, Libra is anything but crisis-proof. The client must open a bank account and also has an exchange rate risk & liquidity risk. At the moment the politics is in the middle of what is a big risk for Libra. - Copy of the business model I think this unlikely because of the high entrance barrier, patent rights and infrastructure. CONCLUSION Goldmoney is a good deal for me as an investor. I regard this participation as a kind of insurance. In the event of a crisis Goldmoney could go through the roof (rates beyond 10 CAD) Currently, Goldmoney is still quite unknown, which will hopefully change soon. As Fiat money grows, Goldmoney's customers should grow as well. Sounds silly, but it is. The company has a solid balance sheet. The current price is not far above book value which indicates that the down-risk is limited. Reputable investors like Soros are invested. That makes me in addition positive. Disclaimer: Disclosure pursuant to §34b WpHG due to possible conflicts of interest: I am regularly self-invested in the securities included in the investment universe. I take no responsibility for any consequences or losses that may arise from using my information. Risk Warning: The instruments mentioned here do not constitute investment advice or solicitation to buy or sell any securities. Securities may be subject to high volatility. In individual cases, this can lead to the total loss of the money invested or even to considerable losses. There is no liability for loss of assets. In addition, I point out that I personally hold positions in the respective genres and can dissolve at any time.
TSX:XAULong
by TREND-NAVIGATOR
9
If BND Ever Does This Again, Beware29th of November, 2007 - bond market experiences a flash crash which is quickly bought up by the FED in an effort to prevent widespread debt defaults. Worked for a few months only for companies to begin defaulting anyway, probably through a series of realized margin or interest spike risks. This is what caused the financial markets to implode in 2008. Watch and study the bond market, it can tell you more about medium to long-term market direction than any other indicator.
NASDAQ:BND
by Derivati_Capital
3
$VALE Short after Dam Collapse Disaster "Short as Fuck"!!!...$VALE Short after Dam Collapse Disaster...!!! $VALE is at it again! This time its much worse Hundreds Dead Hundreds Injured & Missing Environmental Disaster of Epic Magnitude Vale Has Suspended Dividends Suspended Executive Bonuses 4 New Downgrades 38.50% Insider Owned 20.40% Institutional Owned 10% of the Total Shares Outstanding Have Rolled Over by Lunch Today, 56M Shares Traded out of 5.7B Outstanding...ohhhh yea baby! I'm getting SHORT as fuck! Vale could drop as low as 2016 levels around the $2 mark! Excellent short opportunity! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! Loading up on Puts! Getting Short as Fuck! !!!See you guys at the bottom!!! Bento Rodrigues Dam Disaster The Bento Rodrigues dam disaster occurred on 5 November 2015, when an iron ore tailings dam in Mariana, Minas Gerais, Brazil, suffered a catastrophic failure, resulting in flooding that destroyed the village of Bento Rodrigues and killed 19 people. The failure of the Bento Rodrigues dam has been described as the worst environmental disaster in Brazil's history. Around 60 million cubic meters of iron waste flowed into the Doce River, causing toxic brown mudflows to pollute the river and beaches near the mouth when they reached the Atlantic Ocean 17 days later. The disaster sparked a humanitarian crisis as hundreds were displaced and cities along the Doce River suffered water shortages. The total impact of the disaster, including the reason for failure and the environmental consequences, are officially under investigation and currently still unclear. The owner of the Bento Rodrigues dam, Samarco, was subject to extensive litigation and government sanctions. In 2016, charges of homicide were filed against 21 executives of Vale and BHP Billiton, the companies that own Samarco as a joint venture. Controversy over the investigation grew after a 2013 report, indicating structural issues in the dam, was leaked. Background The Fundão and Santarém tailings dams were constructed and owned by Samarco Mineração SA, a mining company, in Mariana, a municipality 67 kilometers (42 mi) south-east of Belo Horizonte, in the state of Minas Gerais, Brazil. The tailings dams were built by Samarco to accommodate the waste resulting from the extraction of iron ore taken from extensive Germano mine, located in the Mariana district of Santa Rita Durão. The Fundão dam was constructed in the hills near the village and subdistrict of Bento Rodrigues, located 14 kilometers (8.7 mi) north of Mariana city. Incident At approximately 3:30pm on 5 November 2015, the Fundão dam presented a leak. Immediately, a team of outsourced employees was sent to the scene, and they tried to mitigate the leak by deflating part of the reservoir. At around 4:20pm, a rupture occurred, releasing a large volume of toxic sludge into the Santarém river valley. Bento Rodrigues, which lies 2.5 kilometers (1.6 mi) away in the valley below the dam, was almost entirely flooded by the cascade of toxic water and mud. Other villages and districts in the Gualaxo river valley, also in the region of Mariana, suffered minor damage. Bento Rodrigues is only accessible by unpaved back roads. The incident rendered Bento Rodrigues completely inaccessible by road, hindering firefighters' rescue efforts. The only available method of transport into or out of the location was via helicopter. There was a school in the area where the flood occurred, and the teachers were able to remove the students before school. Samarco and the neighboring communities did not have a contingency plan or evacuation routes in the event of dam failure. Had such plans existed, residents may have been able to evacuate in a timely manner to more secure regions. Around 600 people were evacuated to Mariana, and troops of the Brazilian Armed Forces were deployed to assist. Impact Satellite images of Bento Rodrigues and the Germano mine before and after the disaster, displaying the flooding and pollution of the Doce River. An abandoned car caught in the mudslide amidst the ruins of Bento Rodrigues. Satellite image of the mouth of the Doce River in Linhares, Espírito Santo, when tailings reached the southern Atlantic Ocean. According to a United Nations report, the tailing slurry traveled 620 km downriver, eventually reaching the Atlantic Ocean. Nineteen people were killed, "Entire fish populations – at least 11 tons – were killed immediately when the slurry buried them or clogged their gills", and "the force of the mudflow destroyed 1 469 hectares of riparian forest." Contamination of Rio Doce At around 6:30pm on the day of 5 November, the tailings of iron ore reached the Rio Doce. The river basin has a drainage area of about 86,715 square kilometers, with 86% in Minas Gerais and Espírito Santo. In total, the river covers 230 municipalities that use its bed for subsistence. According to biologist and ecologist Andrew Ruschi, who studies marine biology at the Estação Biologia Marinha Augusto Ruschi in Santa Cruz, Espírito Santo, the waste will take at least decades to dilute to levels anywhere near previous levels. The waste also reached the hydroelectric power plant of Risoleta Neves in Santa Cruz do Escalvado within 100 kilometers of Mariana. According to the company that runs the power plant, its functioning has not been affected. On 9 November, the city of Governador Valadares stopped the water intakes due to the mud on the Rio Doce. The next day, a State of Public Calamity was decreed in response to the water shortage in the city. According to analyses carried out in the city, the mud contains greater than acceptable concentrations of heavy metals, substances harmful to health, such as arsenic, lead and mercury. There are concerns about contamination of the nearby Rio Gualaxo do Norte , a tributary of the Doce River, due to the toxic substances stored at the facility. Contamination of southern Atlantic ocean On 22 November, the waste reached the Atlantic Ocean. The toxic mud is spreading across the Espírito Santo coast, where cities closed down access to beaches. On 7 January 2016, the waste reached the southern Bahia littoral zone. Environmentalists who are monitoring the impact to the Abrolhos Marine National Park wildlife. The park is considered of vital importance to the Brazilian ecosystem since it hosts the greatest marine biodiversity in the whole southern Atlantic ocean. Aftermath & Investigation of the causes On the first quarter of November 2015, the Brazilian Chamber of Deputies and the state chambers of Minas Gerais and Espírito Santo each created a special commission to follow the case, and the actions taken. According to the press, many of the deputies that composed such commissions had received donations from Vale to finance their campaigns. Such donations, summing up to R$2.6 million are legal, and were reported by the then-candidates to the Brazilian Election Justice. However, critics argued that the deputies' participation was clearly biased. In January 2016, the leaking of internal documents from 14 months before the disaster revealed that Samarco had been warned about the possibility of the dam collapses. Joaquim Pimenta de Ávila, an engineer who was regarded as one of the foremost tailing dam engineers in Brazil, had been contracted by Samarco between 2008 and 2012 to design and oversee the construction of the Fundão dam. From 2013, Ávila was hired part-time as a consultant to inspect the dam, and a technical report he wrote from September 2014 lists severe structural problems on the dam (in the form of cracks) and measures to mitigate them, the main one being the construction of a buttress. Samarco claimed to have implemented all the recommendations from Ávila, and that the dam was in the process of being heightened when the landfill reached its maximum holding capacity and began to leak. However, Samarco failed to comment specifically about the buttress, and claims that it was never warned about the severity of the structural damages, nor about the imminence of a catastrophic failure. Sanctions to Samarco Samarco president Ricardo Vescovi & The Minas Gerais government suspended Samarco's activities immediately after the disaster. Next, the Brazilian government fined Samarco R$250 million (USD$66.3million) for the incident. The fine was preliminary and was expected to be increased if the two companies were found guilty of water pollution and damages. In January 2016, the Brazilian government and Samarco reached an agreement and a fine of R$20 billion (USD$4.8 billion) was issued. The penalty did not include compensation to people affected by the disaster, and the cost of recovering the polluted area. By July 2016, BHP had provisioned USD$2.3-2.5 billion for costs associated with the compensation deal being struck between Samarco's shareholders (BHP and Vale) and Brazilian federal, state and municipal authorities. Legal consequences Vale and BHP Billiton own Samarco as a joint venture, with each company possessing a 50% stake. As of 2018, these companies remain in negotiations with Brazilian authorities in efforts to settle out of court. In March 2016, Samarco agreed to pay USD$2.3 billion in compensation. Australia's ABC reported that Samarco and its joint venture partners would "establish a foundation to develop and execute environmental and socio-economic programs to restore the environment, local communities and social conditions of the affected areas." In June 2016, an AUD$8 billion civil suit which was reinstated by Brazil's Superior Court after the original agreement was suspended. BHP, along with its Samarco joint venture partner Vale, face a separate $58 billion suit lodged by federal prosecutors. In October 2016 it was reported that Brazilian prosecutors had filed manslaughter and environmental charges against 21 people including top executives of Samarco's owners: BHP Billiton, an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia and the world's largest mining company, and Vale SA, the third-largest mining company in the world and the Public Eye People's Worst Company award winner of 2012. In June 2018, Samarco, Vale and BHP signed a deal to drop a $7 billion lawsuit and allow two years for the companies to address the greater $58 billion suit seeking social, environmental and economic compensation. Class action suits In August 2018, BHP settled a class action suit in the USA for USD$50 million, with no admission of liability. At the same time, it was facing a class action suit in Australia related to the dam failure and losses incurred by shareholders following company disclosures to the market regarding the safety of the dam. The class action is expected to be one of the largest in Australian history, with 30,000 BHP shareholders involved, with a combined shareholding of 330,000 shares, valued at over AUD$10 billion (as of 5 November 2018). On 5 November 2018, SPG Law, a Liverpool-based law firm, issued a class action against the BHP Group for £5 billion, one of the largest in British legal history.
NYSE:VALEShort
by dipdizzywizzle
Are we headed on a 10 year BEAR market?Germany the 4th largest economy is about to go into a recession, UK collapsing on the face of the Brexit, France government at the edge of destruction, Italy is bankrupt, Greece is bankrupt, China could very well be in a recession as we speak, Venezuela is in turmoil, Honduras, Guatemala, Argentina and many other south American countries are bankrupt. The USA now showing signs of a weak economy. Is this the beginning of the next 10 year bear market?
SP:SPX
by TheKingOfAces