Economic News & Free Cash

Battlefield 3 Has A $100 Million Dollar Budget To Kill CoD

2011-04-11T11:34:00.000-07:00

Thu Apr 07, 2011

EA's CEO, John Riccitiello spoke at Ad Age Digital Conference today in New York. Riccitiello confirmed the Battlefield 3 will be released in November of this year, possibly on the second which is the date we've been seeing so much about lately. It's been clear, since MoH was announced, that MoH and Battlefield 3 exist to beat CoD. After MoH didn't perform as well as hoped, BF3 is here to finally takeover CoD.

Riccitiello wrote:
This November, we're launching Battlefield 3. It's going up against the next Call of Duty, which is presently the #1 game in the game industry [...] A game that last year did $400 million dollars in revenue on day one. [Battlefield 3] is designed to take that game [MW3] down."

Despite what Wedbush analysts, have to say, Battlefield 3 will be the game competing with Call of Duty to knock it off the top spot and take the FPS throne. Comparing the game to the Red Sox/Yankees rivalry in that the games are the top two shooters this coming holiday season. Both will have massive advertising campaigns. We'll start seeing these Battlefield 3 ads later this month.

Riccitiello wrote:
There will be a couple hundred million dollars of marketing against these two products going head to head. We think we have the better product."

PREORDER Battlefield 3 for best price

Battlefield 3 Fault Line Gameplay Trailer Episode III: Get that Wire Cut

2011-04-03T00:26:00.000-07:00

Battlefield 3

2011-01-27T12:35:00.000-08:00

For a change lets switch topic to PC games world regarding upcoming installment in the long-running Battlefield video game franchise Battlefield 3

* A tweet posted on L_Twin's twitter stated that there was an internal preview of Battlefield 3. After Battlefield 3 was just shown to the boss's boss last week, the game was revealed to EA's staff entirely. L_Twin also stated that people probably won't be able to work the rest of the day because their minds have just been blown.

source

Battlefield 3 to be revealed at GDC 2011

Battlefield 3 tech talks will be held at the Game Developers Conference in 2011. The GDC organizers have recently detailed a list of sessions for the conference and Battlefield 3 makes the list in multiple locations. Making GDC ’11 Battlefield 3′s coming out party. The “SPU-based Deferred Shading in Battlefield 3 for PlayStation 3″, “Lighting You Up in Battlefield 3″ and “The Failure Workshop” are among the listed discussions that will take place at the conference. Hopefully we get some information for the fans before the conference but GDC is not that far into the horizon.
The 2011 Game Developers Conference will be held at the Moscone Center in San Francisco from February 28th to March 4th.

Financial Writers Slam Irish Bailout

2010-11-29T13:16:00.000-08:00

Paul Krugman wrote yesterday:

These debts were incurred, not to pay for public programs, but by private wheeler-dealers seeking nothing but their own profit. Yet ordinary Irish citizens are now bearing the burden of those debts.

Punishing the populace for the bankers’ sins is worse than a crime; it’s a mistake.
Mike Whitney noted yesterday:
Don’t believe the hype about European unity or saving Ireland. My ass. This is about bailing out the banks. The bondholders get a free ride while workers get kicked to the curb.

And Mish pointed out last week:
Today the Irish Government sold its citizens into debt slavery by agreeing to guarantee stupid loans made by German, British, and US banks.

Why the average Irish citizen should have to bail out foreign bondholders is beyond me, but I do note that the same happened in the US with taxpayers footing an enormous bill for Fannie Mae, Freddie Mac, and AIG.

2010-10-16T00:58:00.000-07:00

Bankster Bailout Made Banks Bigger
The gap between the rich and the poor is the widest in the US over any industrialized nation, Gerald Celente points out.

Dollar Tumbles as Fed Prepares to Print More Money

2010-10-09T02:35:00.000-07:00

The dollar’s downtrend gathered pace on Thursday as it slid to a 15-year low versus the Japanese yen and an all-time low against the Swiss franc on the prospect of more money-printing by the U.S. Federal Reserve.

The Australian dollar surged to a 27-year high against its U.S. counterpart after surprisingly strong jobs data revived talk of a Reserve Bank rate hike, while broad dollar selling pushed the euro to an eight-month high.

The Bank of England and the European Central Bank both stood pat on their monetary policies on Thursday, underlining the possibility that the Fed may lead the way into more aggressive quantitative easing, which is seen knocking the dollar lower.
LONDON, Oct 7 (Reuters) - The dollar's downtrend gathered pace on Thursday as it slid to a 15-year low versus the Japanese yen and an all-time low against the Swiss franc on the prospect of more money-printing by the U.S. Federal Reserve.

The Australian dollar surged to a 27-year high against its U.S. counterpart after surprisingly strong jobs data revived talk of a Reserve Bank rate hike, while broad dollar selling pushed the euro to an eight-month high.
The Bank of England and the European Central Bank both stood pat on their monetary policies on Thursday, underlining the possibility that the Fed may lead the way into more aggressive quantitative easing, which is seen knocking the dollar lower.

Traders waited to see whether ECB President Jean-Claude Trichet makes any reference to currencies at a news conference around 1230 GMT. They also awaited clues to whether the central bank would scale back extraordinary funding measures soon.

The dollar's latest decline made traders nervous, as the U.S. currency traded below levels where Tokyo intervened for the first time in six years on Sept. 15.
Direct currency intervention and talk of monetary loosening by central banks has ignited the issue of global imbalances ahead of a Group of Seven (G7) finance ministers' and central bankers' meeting this weekend, where the threat of a "currency war" is likely to dominate discussion.

"The only story out there at the moment is what the implications of another massive surge of QE means for the dollar and global imbalances," said Maurice Pomery, managing director of Strategic Alpha.
He added the meetings were unlikely to produce an agreement on how to fix trade imbalances as countries act independently to boost economic growth, which would likely push the dollar lower.

U.S. Treasury Secretary Timothy Geithner said on Wednesday that countries must persuade their emerging counterparts such as China to let their currencies rise or risk competitive depreciations that would hurt the world economy

Waiting for the Next Financial Meltdown

2010-10-03T00:28:00.000-07:00

“Inside Job” director Charles Ferguson takes an in-depth look at how banksters brought the nation to the brink of a collapse and why the government continues to let them do it.

Bailout crooks

Silver Shines as an Economic Solution (Video)

2010-10-01T12:40:00.000-07:00

Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver. The benefits of the Silver Gem Act are:

• Silver can be used as an alternative currency, outside of the banking system
• Jobs will be created in the metal refining industry in Idaho
• Silver- and gold- are a protection against inflation for both the public and Idaho State

The Idaho Silver Gem Act serves as a model that other states and local governments can use. If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too. The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation.

According to G. Edward Griffin, America’s monetary system is based on fiat money, it has no intrinsic value and it is not asset- backed. Federal Reserve notes have value because of government regulations (the Legal Tender laws) that mandate their use under the threat of fine or imprisonment. The Legal Tender laws require people and businesses to accept Federal Reserve notes for payment, if Federal Reserve notes are offered as payment. However, people, businesses and even governments can also accept payment in the form of gold, silver or any other thing of value- they are not tied to accepting only Federal Reserve notes.

Mr. Griffin said that the bankers DO NOT own most of the gold- most of the gold is still in the ground! And even if the bankers did own all of the gold, but the monetary system was based on gold, such a commodity backed money system would prohibit the bankers from using fractional reserves to make loans and collecting interest on money created from nothing, thus limiting their primary stream of income.

Representative Hart’s Idaho Silver Gem Act, fully endorsed by G. Edward Griffin, is a first small step toward a competing currency. Instead of creating sweeping banking reforms Hart’s legislation is practical, incremental and it can be put into place immediately. For example, Georgia had a bill that would have made it mandatory for silver and gold to be used in all State business. Georgia’s bill failed because the implementation of the bill would have been monumental- imagine the difficulty of all businesses and entities trading with Georgia State’s government having to convert all payments into precious metals.

Representative Phil Hart’s Silver Gem Act passed the Idaho House vote (51 to 14) but it died in a Senate committee earlier this year. Two of the senators who were outspoken critics of the legislation were defeated in the 2010 primary election, improving the bill’s chances for next year. The Silver Gem Act is the only competing currency bill to get this far and Phil Hart will re-introduce it again next year if he is re-elected.

2010-09-30T07:59:00.000-07:00

2010-09-30T07:46:00.000-07:00