Spreading the truth. Empowering the people.
by Dave Kranzler of Investment Research Dynamics On January 31st, Amazon reported an expected “beat” for Q4 revenue and net income. After the headline report hit the tape, the stock soared $59 to … Read more
via CNBC: A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. Operating leases include everything a company rents to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch Ratings. Defaults by Chinese … Read more
The Pentagon is clawing back hundreds of millions of taxpayer-subsidized dollars it gifted to Saudi Arabia and the UAE over a three-year period, when it ‘accidentally’ refueled their aircraft for … Read more
by John Adams of Adams Economics The real position of the global economy and of the current global debt bubble is currently hiding behind a mask of accounting and legal trickery. During the … Read more
Francine McKenna interviewed by Jason Burack on Wall St For Main St Jason Burack of Wall St for Main St interviewed first time guest, forensic accountant and transparency reporter at MarketWatch.com, a Dow … Read more
There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist … Read more
Via ZeroHedge Update: it’s just getting ugly in Freemont. TESLA’S CHIEF PEOPLE OFFICER GABY TOLEDANO TO LEAVE CO – CNBC, CITING REPORT * * * Easy come, easy go. Just hours … Read more
via Sven Carlin: Summary The mania surrounding potential Berkshire buybacks has pushed the stock price up 5% but the effect is already fading. Berkshire will not buyback stock at these prices … Read more
Authored by Lance Roberts via RealInvestmentAdvice.com, With roughly 98% of the S&P 500 having reported earnings, as of mid-June, we can take a closer look at the results through the 1st … Read more
by Thinker History now shows the actions of those who wanted to change the world for the better, and those who only wanted to profit from and enslave those that … Read more
From CNBC: General Electric says SEC investigating insurance charge from CNBC. The Securities and Exchange Commission has opened up an investigation of General Electric’s accounting practices in the wake of the conglomerate’s … Read more
CLAIM HUD director Ben Carson found more than $500 billion in accounting errors at the federal agency. FALSE BECAUSE The audit was initiated before Ben Carson assumed his position at … Read more
by Mark Angelides If you’re not familiar with the recent report showing that there were over $500 Billion in accounting errors at the Department for Housing and Urban Development (HUD), … Read more