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Keyword: fiat

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  • A Battle for Monetary Supremacy… Gold, Bitcoin, and Fiat Currency

    04/18/2021 1:35:54 PM PDT · by SeekAndFind · 34 replies
    International Man ^ | 04/18/2021 | Nick Giambruno
    INTERNATIONAL MAN's INTERIEW WITH NICK GIAMBRUNO: Chief Analyst of Casey Research’s flagship advisory, The Casey Report and its premium “value investing” advisory, Crisis Investing. International Man: For over 2,500 years, gold has been mankind’s most enduring money.With the emergence of Bitcoin - which has piqued the interest of many - there is a new hard money option.How do you see the two as governments worldwide are engaged in the most extreme money printing experiment in history?Nick Giambruno: Let me first say that I am all for free-market competition in money. I say let the best money win.To really understand what...
  • Riot police fire tear gas at protesters as Lebanon’s currency falls to new record low

    03/14/2021 3:21:04 PM PDT · by dynachrome · 8 replies
    Russia Times ^ | 3-14-21 | RT
    Violent protests erupted across Lebanon on Saturday after the country’s currency plummeted to a new record low, amid an economic crisis that poses the biggest threat to its stability since the 1975-1990 civil war. The Lebanese pound has lost roughly 85 percent of its value in recent months and slid to a record new low on Saturday, falling to 12,500 pounds to the US dollar on the black market, though the official rate remains at roughly 1,500 pounds to the dollar. In response, there was a protest near the parliament in Beirut, during which protesters briefly stormed a reinforced gate...
  • Can Governments Stop Bitcoin?

    02/23/2021 7:47:40 PM PST · by amorphous · 53 replies
    Quillete ^ | 21 February 2021 | Alex Gladstein
    Since its creation more than 12 years ago, Bitcoin is undefeated. Its price has leaped from $5 to $50 to $500 to $5,000 to now past $50,000. The number of global users has eclipsed 100 million. The system’s network security, number of developers, and new applications are at all-time highs. Dozens of companies including Tesla and Square have started to add Bitcoin to their corporate treasuries. This worldwide success doesn’t mean that people haven’t tried to stop Bitcoin. The digital money project has in fact survived a variety of attacks which in some cases threatened its existence. There are two...
  • Fiat Chrysler in talks with unions for production restart in Italy

    04/08/2020 8:11:35 AM PDT · by yesthatjallen · 4 replies
    Reuters ^ | 04 08 2020 | Giulio Piovaccari
    MILAN - Fiat Chrysler and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday. An extension of a national lockdown due to expire on April 13 cannot be ruled out, but recent coronavirus data allowed growing confidence that the virus was on the retreat in Italy. Measures proposed by FCA’s unions include rearranging assembly layouts, staggering shifts, and marking floors to ensure a one-meter distance is kept between workers, FIM representative Raffaele Apetino said, adding...
  • Exclusive: Ferrari and Fiat look at helping Italy make ventilators in coronavirus crisis

    03/19/2020 12:45:21 PM PDT · by Red Badger · 6 replies ^ | 03/19/2020 | Elvira Pollina, Giulio Piovaccari
    MILAN (Reuters) - Italian carmakers Ferrari and Fiat Chrysler are in talks with the nation’s biggest ventilator manufacturer to help to boost production of the life-saving machines that are urgently needed in the coronavirus crisis, company officials said on Thursday. Italy is at the epicenter of the pandemic and its government has embarked on a big expansion of the number of intensive care beds, many of which will require ventilators to keep patients alive by taking over breathing functions. Siare Engineering in northern Italy, where deaths are nearing 3,000 and climbing sharply, is in talks with Fiat Chrysler (FCA), Ferrari...
  • Fiat Chrysler in talks with Foxconn to develop electric cars

    01/17/2020 8:29:45 AM PST · by Olog-hai · 20 replies
    Associated Press ^ | January 17, 2020
    Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Friday. Fiat Chrysler is in the process of merging with France’s PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both Fiat Chrysler and Peugeot have lagged in developing electric powertrains and also have been struggling to increase sales in China, the world’s biggest auto market. It was unclear what impact Fiat Chrysler’s proposed joint venture with Foxconn, formally known as Hon Hai Precision Ind. Co., Ltd., would have on the wider merger, which is expected to...
  • PSA board signs off on Fiat Chrysler merger: source

    12/17/2019 11:22:54 AM PST · by Red Badger · 30 replies
    Reuters ^ | December 16, 2019 / 5:06 PM / Updated 13 minutes ago | Staff
    MILAN/PARIS (Reuters) - The board of French carmaker PSA (PEUP.PA), the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler (FCHA.MI), a source close to the matter said on Tuesday. A separate Fiat Chrysler (FCA) board meeting was under way to discuss finalizing the memorandum of understanding to create the world’s number four carmaker, the source added, in a deal that would reshape the global car industry. Both companies declined to comment.
  • California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

    11/18/2019 12:41:10 PM PST · by SunkenCiv · 110 replies
    Reuters via Yahoo ^ | November 18, 2019 | David Shepardson (editing by Tom Brown)
    California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California purchased $58.6 million in vehicles from General Motors Corp, $55.8 million from Fiat Chrysler Automobiles $10.6 million from Toyota Motor Corp and $9 million from Nissan Motor Co. Last month, GM, Toyota, Fiat Chrysler and members of the Global Automakers trade association backed the Trump administration's effort to bar California from setting tailpipe...
  • Fiat Chrysler and Peugeot's PSA Reportedly Agree to Merger

    11/07/2019 4:13:15 PM PST · by RomanSoldier19 · 42 replies
    car and driver ^ | OCT 29, 2019 | By COLIN BERESFORD
    The Wall Street Journal is reporting today that the two manufacturers are combining, bringing Fiats, Rams, Citroëns, and Opels under one $46 billion umbrella.
  • Fiat Chrysler agrees mega-merger with Peugeot, Citroen and Vauxhall- [tr]

    10/31/2019 6:21:39 AM PDT · by C19fan · 68 replies
    UK Daily Mail ^ | October 31, 2019 | Simon Lambert
    Two of the world's biggest car companies Fiat Chrysler and PSA - the owner of Peugeot, Citroen and Vauxhall - confirmed that they have agreed a merger today. The move would tie together Fiat Chrysler's major position in North America and PSA's status as Europe's second largest carmaker, to create the world's fourth biggest vehicle firm. The firms say that they could save £3.2billion (€3.7billion or $4.1billion) in costs with the merger, but claim they could do this without any factory closures. However, the deal is likely to face fierce scrutiny as employees and unions fear that it would lead...
  • Fiat Chrysler bringing 6,400 jobs, $4.5 billion investment to Detroit area

    05/22/2019 5:21:27 PM PDT · by Kid Shelleen · 21 replies
    ABC News via AP (ABC12) ^ | 05/21/2019 | Staff
    Fiat Chrysler says construction is set to begin immediately on a new $1.6 billion assembly plant on Detroit's east side. A representative of the automaker told state officials Tuesday that vehicles are expected to start rolling off the line at the plant by late 2020. The Detroit City Council on Tuesday approved land deals and community benefits agreements tied to the project. Michigan's Strategic Fund was expected to vote Tuesday afternoon on the state's portion of incentives for the project. Fiat Chrysler is pledging to add 6,400 jobs in the Detroit area, including just under 5,000 in the city of...
  • Fiat Empire Full Documentary

    02/07/2018 5:26:59 AM PST · by ThinkingBuddha · 11 replies ^ | 06/12/2015 | Truth Juice
    Fiat Empire Full Documentary.
  • All ‘Big Three’ factories to be idled, including Fort Wayne GM plant

    03/18/2020 10:28:16 AM PDT · by John W · 26 replies
    ABC21 Fort Wayne ^ | March 18, 2020 | Jonathan Shelley
    <p>FORT WAYNE, Ind. (AP and WPTA21) - Two people briefed on the matter say Detroit's three automakers have agreed to close all of their factories due to worker fears about the coronavirus.</p> <p>Automakers are expected to release details of the closure later today.</p>
  • Dodge Grand Caravan discontinued after 36 years

    03/02/2020 9:04:52 AM PST · by Olog-hai · 52 replies
    Fox News ^ | 03/02/2020 | Gary Gastelu
    The Dodge Grand Caravan’s journey is finally ending this spring. The minivan is scheduled to end production on May 22, the automaker has confirmed. The Caravan was introduced alongside the Plymouth Voyager in 1984 as a “garageable” van that helped kick off the minivan craze that continued through the 1990s, until family car buyers started making the shift to SUVs. The stretched Grand Caravan was added to the lineup in 1987 and eventually became the only version offered. The Caravan lived through five generations, with the current one dating back to 2008. U.S. sales topped 300,000 in 1996 and 1997,...
  • South Carolina Legal Tender Act Would Treat Gold and Silver as Money

    11/26/2019 6:40:43 PM PST · by Perseverando · 26 replies
    Tenth Amendment Center ^ | November 22, 2019 | Mike Maharrey
    COLUMBIA, S.C. (Nov. 22, 2019) – A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money. Rep. Stewart Jones filed House Bill 4678 (H.4678) on Nov. 20. Under the proposed law, “gold and silver coins minted foreign or domestic shall be legal tender in the State of South Carolina under the laws of this State. No person or other entity may compel another person or other entity to...
  • GM Hits Fiat Chrysler with Bombshell Corruption Lawsuit

    11/21/2019 8:58:43 AM PST · by fishtank · 14 replies
    IEN ^ | 11-21-19 | Alex Shanahan, Anna Wells
    GM Hits Fiat Chrysler with Bombshell Corruption Lawsuit by Alex Shanahan, Anna Wells 11-21-2019 "GM says Fiat Chrysler has been in cahoots with the UAW for years, and it's cost them billions."
  • Trump hammers Fed, Powell for lack of 'guts, vision': Fed cuts rate by a mere 25 basis points.

    09/18/2019 12:32:46 PM PDT · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 09/18/2019 | Javier E. David
    President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having “no guts” by not meting out a more aggressive interest rate cut as the global economy slows. The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end of the year. However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening. Indeed, markets sank to...
  • Why Bitcoin, Ethereum, and most altcoins are doomed! (Opinion / Vanity)

    09/05/2019 7:06:07 AM PDT · by blabs · 35 replies
    Vanity ^ | 09/052019 | Self
    If you're not familiar with the term "Bretton-Woods" and "Petrodollar", allow me to provide a brief summary. To help fund World War II, the US ratified the Bretton-Woods agreement, essentialy creating Fiat money (tying only a small fraction of Gold to the US Dollar). Since the US controlled 2/3 of the worlds gold, it placed the US Dollar as the world reserve currency and created the ability to print money on demand (then ultimately leading to a complete severing of gold and the beginning of the endless devaluation of the US Dollar) Bretton-Woods was terminated in 1971, and the Petrodollar...
  • Fiat Chrysler deal gives Detroit residents 1st crack at jobs

    08/11/2019 9:32:35 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | August 11, 2019 | Corey Williams
    Marie Davis wants better medical insurance coverage. Jimmie Pleasant has been out of work for six months. Both are among the thousands of people who are looking for jobs with Fiat Chrysler under a city program that gives Detroit’s residents first crack at the application process. It’s part of a $108 million land development deal between an automaker that’s building a massive new plant and a city where the unemployment rate is more than twice the national average. Detroit officials hope the deal with Fiat Chrysler will mean residents have a better shot at good-paying jobs with the automaker, although...
  • After 40,000 Miles with an Alfa Romeo Giulia Quadrifoglio, Our Heart Is Broken

    07/01/2019 3:54:49 PM PDT · by C19fan · 72 replies
    Car and Driver ^ | June 27, 2019 | Daniel Pund
    We knew pretty early in our 14-month relationship with this Alfa Romeo Giulia Quadrifoglio that we weren't going to be able to make a clean break from it. This was not that kind of relationship. And it is not that kind of car. No, instead we would continue coming back to the Giulia, no matter how it betrayed us. Mostly that's because we were obligated to finish this 40,000-mile test. But we also just couldn't give up on it. Rarely have we hoped for a car in our possession to succeed more than we did for this Alfa. And rarely...