APR 23 SIT EC y POL
ZERO HEDGE
Largest
Bank In America Joins War On Cash.
Submitted by Tyler Durden on 04/23/2015. The war on
cash is escalating. Just a week ago, the
infamous Willem Buiter, along with Ken Rogoff, voiced their support for a
restriction (or ban altogether) on the use of cash (something
that was already been implemented in Louisiana in 2011 for used goods).
Today, as Mises' Jo Salerno reports, the war has acquired a powerful new ally
in Chase, the largest bank in the U.S., which has enacted a policy restricting
the use of cash in selected markets; bans cash payments for credit
cards, mortgages, and auto loans; and disallows the storage of "any cash
or coins" in safe deposit boxes.
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How
The Second Tech Bubble Will Burst, In The Words Of Silicon Valley's
"Poster Child" And World's Youngest Billionaire. Submitted by
Tyler
Durden on 04/23/2015 "Fed has
created abnormal market conditions by printing money and keeping interest rates
low. Investors are looking for growth anywhere they can find it and tech
companies are good targets - at these values, however, all tech stocks are
expensive - even looking at 5+ years of revenue growth down the road. This
means that most value-driven investors have left the market and
the remaining 5-10%+ increase in market value will be driven by momentum
investors. At some point there won't be any momentum investors left
buying at higher prices, and the market begins to tumble. May be 10-20%
correction or something more significant, especially in tech stocks."
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More
Clinton Cronyism: Selling Uranium Interests To Russia While Hillary Was
SecState. Submitted by Tyler
Durden on 04/23/2015. "As the Russians gradually assumed control
of Uranium One in three separate transactions from 2009 to 2013, Canadian
records show, a flow of cash made its way to the Clinton Foundation... Since
uranium is considered a strategic asset, with implications for national
security, the deal had to be approved by a committee composed of
representatives from a number of United States government agencies
including the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton...
And shortly after the Russians announced their intention to acquire a majority
stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from
a Russian investment bank with links to the Kremlin that was promoting Uranium
One stock."
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Assessing
The Risk Of A Greek Default. Submitted by Tyler
Durden on 04/23/2015. Tomorrow, Friday, April 24th, the finance
ministers of Europe will again meet to discuss the fate of Greece’s bailout
program. Although no definitive course of action is expected to come out of
this meeting, it is yet another chance to assess the potential consequences if
indeed the Greek government defaults on its loans.
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Norway's
Giant Sovereign Wealth Fund Goes Full Tinfoil Fringe Blog. Submitted by
Tyler
Durden on 04/23/2015. You know the world has gone mad when one of the
world's largest pension funds, mired in its need for the maintenance of the
status quo, begins to sound like 'digital dickweeds in their parents'
basements'. Norway's massive $890 billion wealth fund has stepped out of the
shadows to slam global central bankers for affecting "pricing in
today’s market to such an extent that monetary policy itself has
been a risk you have to watch;" and market structure, criticizing
the proliferation of dark pools, "there’s a rent extraction from all
these intermediaries... we’re in favor of trying to reduce the number of
block-crossing venues," Schanke said, "one would probably be
perfect."
[ what is suggested in Norway is that there
are several ways of changing the rotten poles of the market “neo-liberal”
structure. In our language: there are different ways of updating the Glass
Steagall Act.. the only problem is that those who are in power (neocons from
both democ & rep who are in favor of such dogma) are still in power .. a
good start in fixing the problem would be put it down the rotten candidacy of Mrs Clinton .. the
Bushes are easy to remove .. they are toiled paper already used .. it is a matter of
flashing the water ]
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Greek
Bank Will Write Off Up To €20,000 In Debt For "Poverty-Stricken"
Borrowers. Submitted by Tyler
Durden on 04/23/2015. Instead of merely plugging the hole left from
declining liabilities (deposits), what the ECB's ELA funding appears to also be
doing is compensating for a rapid write down in bank assets (loans) as well, in
the form of charged off Non-Performing Loans. According to Reuters,
one of the leading Greek financial institutions, Piraeus Bank will write off
credit cards and retail loans up to 20,000 euros ($21,484) for Greeks who
qualify for help under a law the leftist government passed to provide relief to
poverty-stricken borrowers, it said on Thursday.
[ In the old book “La Guerra de
la pulga” (about Viet Nam) the autor demonstrate that a small country can
defeat or put down a very giant monster by disseminating themselves and sucking
the blood of the dog .. finally they will be exhausted, weak and easy to besmashed
.. It happens, the tactician Guyen von
Gap and Ho Chi Min were right.. the dog scratched his body and hurtled severely
itself by bombing their own troops ..
There is not small enemy: was the lesson
.. not at that time, much less in our time.. any invader is condemned to be
defeated soon or later.. von Clausewitz was right in his study of Napoleonic
wars too .. The empire today can live from wars abroad, but cannot pay for them
with the fake money eternally.. the days of the dollar are counted .. It is
time for the empire to device an honorable way to get out from this mad or
chaos by paying attention to domestic problems .. the later it is postponed
this task.. the more difficult will be the re-building of America.]
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Raising
Independent-Minded Children In America Is Tough. Submitted by Tyler
Durden on 04/23/2015. "...choosing to raise your children to be
independent thinkers who don’t automatically want to control others by force,
can sometimes lead to tension with family and friends, especially older ones. I
find most of them to be just innocent victims who happily reside within the
matrix, merely repeating thoughts they were subliminally conditioned to
believe."
[ remove war toys ..
TV images in favor of war .. will be a good start. The advantage of having
peace instead of creating conflicts, wars, death and destruction is easy to set
up in the mind of children.. if there is a political will to do so .. the
problem are the heavy interest
(profiteers of war) at stake ]
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"Obsessive"
Buybacks Could Be Big Mistake, "Serious" People Tell Unserious People.
Submitted by Tyler Durden on 04/23/2015 "Companies
that obsessively buy back their shares could be making a big mistake,"
Moody's head of head of leveraged finance tells CNBC, echoing what we have said
on too many occasions to count. With IG supply at all-time highs and with
companies pouring the money into share repurchases instead of investing in
future productivity and growth, we say yet again that the theatre of financial
engineering will continue only until it can no longer continue.
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Are
Oklahoma's Quakes Caused By Wastewater Disposal? (Spolier Alert: Yes!).
Submitted by Tyler Durden on 04/23/2015. No matter what other
problems may or may not be linked to hydraulic fracturing, or fracking,
the disposal of wastewater from oil and gas drilling almost certainly is
primarily responsible for the recent spate of earthquakes in Oklahoma,
normally a seismologically quiet state. That’s the conclusion of a report
issued April 21 by the Oklahoma Geological Survey (OGS). What’s important
about Andrews’ and Holland’s conclusion is that they represent the state of
Oklahoma, where energy is an important industry, providing about one-quarter of
the state’s jobs.
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Hopium:
How Far Can Irrational Optimism Take The U.S. Economy?. When we deny
reality and engage in irrational wishful thinking, we are engaging in something
called 'hopium': "The irrational belief that, despite all evidence
to the contrary, things will turn out for the best." Right now
that propaganda matrix is assuring the American people that everything is going
to be just fine. Well, they better be right. Because if not, they are
going to have millions of people extremely angry with them when things really
start falling to pieces.
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Saxobank
CIO Sees: "Zero Growth, Zero Inflation, & Zero Hope". Submitted
by Tyler Durden on 04/23/2015. Entrepreneurs around
the world are "drowning in this nothingness reality," and Saxobank
CIO Steen Jakobsen sees a crisis correction as the only outcome of a zero
environment in his opinion. "We have zero growth, zero inflation and zero
hope," he explains based on his recent global travels meeting business
leaders and key investors whose shared negative outlook was striking. The
following brief clip concludes ominously, with Jakobsen noting that he "believes
a Fed hike will act as a margin call on the global economy." [ this is pure dystopia.. crashing realism .. whatever you
calle it]
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Hillary's Charities Suffer A "Geithner Moment", Will Refile 5 Years Of Taxes. Submitted by Tyler Durden on 04/23/2015. It appears as though Hillary Clinton may be witnessing her “Geithner moment,” because as Reuters reports, several Clinton family charities will now refile a half decade worth of returns after failing to report “tens of millions” in contributions from foreign governments.
[ LA CANDIDATA A LA PRESI evade impuetos y se pregunta a si
misma: what difference does it make? Que importancia tiene eso? . es cierto,
los super-millonarios evaden impuestos cuando les da la gana .. para eso
crearon los paraísos fiscales .. y por eso se apoya a los regímenes de Israel..
en donde el ex candidato Rep Mit Romny
escondia sus millones .. su falta fue grave .. se lo dejo impune.. pero no se
le concedió la presidencia .. Que hoy la
dama Clinton se pregunte que importancia tiene evadir impuestos si ya soy
candidata oficial y puedo alegar “persecución política”?.. Es cierto, pero .. todo depende de que se oculte bien la
falta y eso no ocurrió. .. Que haría hoy? .. pagar jueces?.. Seria otro trafico de influencia que agravaría
el delito anterior .. Esta dama no supo hacer el fraude al fisco .. cometió ella una pena capital que la
podría colocarla en la cárcel si se le
aplicara rigurosamente la ley.. Pero la ley .. también la burlan los de arriba .. Asi las cosas,
solo cabe esperar que la respuesta a la
pregunta de Mrs Clinton .. (que importancia tiene burlar la ley en los
USA?) .. la de un Juez honesto de la Corte Suprema. .. Jueces honestos no
faltan en este país .. Tendrían que aplicarle la ley que si se aplica a las capas
media y a los trabajadores del país .. Por qué no aplicarla a los ricos? .. es cuestión de justicia y de honor frente a la nación y las
elecciones que vienen. Si se perdona la falta y se le permite continuar como
candidata, ocurriría lo que ocurrió en Peru con Alan Garcia (ese sujeto cometió
crimenes de lesa humanidad que fueron denunciados en una corte regional) ..
Garcia se presentó como candidato para evadir la ley y borrar su falta. Alego
que la denuncia a el tenia motivo político. Lo que era falso. No solo se le permitió ser candidato sino que
además los grandes oligarcas le financiaron su campaña y con fraude ganó las
elecciones. Borro luego sus faltas y cancelo el proyecto carretero
trans-amazonico de unir el sur (peru-Brasil) y se dedicó a regalar riquezas del
país a grandes empresas foráneas (el oro entre ellas. Peru es el 1er productor de
oro en las americas y los lideres sindicales del norte del país fueron
desaparecidos y su población aterrorizada a muerte). El candidato felon no solo
quedo impune, sino que además “gano” con fraude la Presid .. Este es el tipo de
gente que las grandes corp americanas usan para metérselos luego al bolsillo .. Ojala esto no ocurra esto con
la dama Clinton: que no solo le perdonen la falta, sino que además le permitan ser candidata y comprar la Presid con los
millones de dólares mal habidos (trafico de influencia). De ocurrir, sería el
colmo, además de ser otro pésimo ejemplo
USA en las Americas]
----
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Running
From Police "Often" A "Death Sentence," Former Cop Says. Submitted by Tyler
Durden on 04/23/2015. "I've
said it before, and I'll say it again: In a situation with the police, it's not
immediately about who is right or wrong, it's about staying alive,” a former
Alabama state trooper says, in an open letter to African Americans across the
country.
[ Que culpa tienen los Conejos de tener cuatro patas y correr
libres en el campo.. que culpa tuvieron los nativos de este país de ser cazados
como conejos por quienes se apropiaron de sus tierras y que culpa tienen los ex esclavos de ser
tratados de la forma mas indigna e injusta como siempre ocurrió?. .. es que
acaso hemos regresado a los tiempos del KKK
donde también se permitió a miembros de ese clan ser policías?. Quien use el uniforme para matar negros
simplemente debe ser separado de la institución y luego abrirle investigación y
el juicio correspondiente. Por allí empieza la justicia!.]
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3
Things: Kass, Rosie and Short. Submitted by Tyler
Durden on 04/23/2015. The reality is, like dominoes, that once one of these
issues becomes a problem, the rest become a problem as well. Central Banks
have had the ability to deal with one-off events up to this point by
directing monetary policy tools to bail out Greece, boost stock prices to boost
confidence or suppress interest rates to support growth. However, it is the
contagion of issues that renders such tools ineffective in staving off the
tide of the next financial crisis. One thing is for sure, this time is "different
than the last" in terms of the catalyst that sparks the next great
mean reverting event, but the outcome will be the same as it always has
been.
----
Houston
"Police Officer of the Year" Indicted For Trafficking Weapons For Los
Zetas Drug Cartel. Submitted by Tyler
Durden on 04/23/2015. What’s so shocking about the story below is not that
a 20-year veteran of the Houston police force, who was previously named
one of the “Officers of the Year” by the Officers Union, was trafficking
weapons for drug cartels. What’s shocking is that he was actually indicted
and faces life in prison. He should’ve worked for a federal agency like the
DEA or TSA, in which case he might not have even been fired.
[el imperio se desploma .. la corrupcion es parte del modelo neo-liberal colapsante.. todo esta siendo contaminado por el greed y la ganancia fácil .. es tiempo de pensar en re-instalar el Glass Steagle Act ]
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Half
Of US Frackers Will Be Dead By Year End, Weatherford Warns. Submitted
by Tyler Durden on 04/23/2015. Following the CEO's
comments that over 100,000 energy jobs will be lost this year, an
executive with Weatherford International - the fifth largest US fracker - has
warned half of the 41 fracking companies operating in the U.S. will be dead
or sold by year-end because of slashed spending by oil companies. “We go by
and we see yards are locked up and the doors are closed," said Rob Fulks,
seemingly confirming what Weatherford CEO Duroc-Danner said earlier in the
year, "we're now confronted with an unusually severe market
contraction."
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The
Old Models Of Work Are Broken. Submitted by Tyler
Durden on 04/23/2015. No sector will be immune to the changing nature of
work and value creation. The only sustainable way to avoid upheaval is to learn
to create value in ways that cannot be commoditized.
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New
Home Sales Tumble By Most In Almost 2 Years As Northeast Crashes. Submitted
by Tyler Durden on 04/23/2015. After existing home
sales sent stocks vertical on great news, so new home sales plunge has sent
stocks vertical on bad news. An 11.1% drop MoM - the biggest since July 2013
- dragged new home sales back below 500k to 481k SAAR - the biggest miss in a
year. Sales of new homes collapse 33.3% in The Northeast and The South saw
new home sales crash 15.8%.
----
President
Obama To Explain How A CIA Drone Strike Killed US/EU Hostages In January - Live
Feed. Submitted by Tyler Durden on 04/23/2015. A U.S. drone strike
in January targeting a suspected al Qaeda compound in Pakistan inadvertently
killed an American and Italian being held hostage by the group, senior Obama
administration officials said. As
WSJ reports, the killing of American development expert Warren Weinstein
and Italian aid worker Giovanni Lo Porto is the first known instance in which
the U.S. has accidentally killed a hostage in a drone strike. We await President Obama's
'collateral damage' explanation. [el premio nobel de los drones sigue cosechando triunfos .. que verguenza ]
---
WASHINGTON BLOG
----
Are
Leading Economists Corrupt, or Just Mind-Blowingly Ignorant?. Posted on
April 23, 2015 by Eric Zuesse.
“Wall Street Republicans’ dark
secret: Hillary Clinton 2016,” which noted that, “The darkest
secret in the big money world of the Republican coastal elite is that
the most palatable alternative to a nominee such as Sen. Ted Cruz of Texas
or Sen. Rand Paul of Kentucky would be Clinton.” It’s not that the
fundamentalist Cruz or the populist Paul would fail to treat Wall Street
fairly; it’s instead that Hillary Clinton would be even more subservient to
that big-money than either Cruz or Paul would be — that she’s more corrupt. And
she is.
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Trans Pacific Partnership Would Make U.S. Vulnerable to
Terrorism and Blackmail
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The only sustainable way to avoid being commoditized is
to learn to create value in ways that cannot be commoditized.
----
Bad
Guys Pushing THIS WEEK to Promote Global Tyranny Run By Corporations. Posted
on April 23, 2015 by WashingtonsBlog . Here’s How
to STOP Them
The powers-that-be are pushing this week to fast track a
horrible treaty which would destroy America.
The treaty is called the Trans Pacific Partnership (TPP).
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
US-backed Criminal Slaughter in Yemen
Revealed
By Finian Cunningham
Bombing and massacring with one hand, and then with the other handing out bandages and analgesics to mutilated children.
By Finian Cunningham
Bombing and massacring with one hand, and then with the other handing out bandages and analgesics to mutilated children.
----
Houthi Weapon Bonanza - a Gift From USA
By Gareth Porter
The flurry of media excitement over the US Navy sending another warship to intercept an Iranian flotilla of arms is an odd bit of burlesque that ought to be in an embarrassment.
By Gareth Porter
The flurry of media excitement over the US Navy sending another warship to intercept an Iranian flotilla of arms is an odd bit of burlesque that ought to be in an embarrassment.
----
Yemen: Saudis To Arm "Popular
Committees" (aka Al Qaeda)
By Moon Of Alabama
Al Qaeda, especially in the form of "popular committees" like the "Sons of Hadhramaut", are friends and tools to be armed and used to Saudi advantage.
By Moon Of Alabama
Al Qaeda, especially in the form of "popular committees" like the "Sons of Hadhramaut", are friends and tools to be armed and used to Saudi advantage.
----
Obama Apologizes, For Murdering Innocent
Hostages In Pakistan
By Paige Lavender
"it is a cruel and bitter truth that in the fog of war generally, and in our fight against terrorists specifically, mistakes...can occur."
By Paige Lavender
"it is a cruel and bitter truth that in the fog of war generally, and in our fight against terrorists specifically, mistakes...can occur."
----
How NATO Kills Africans in the Club Med
By Pepe Escobar
Humanitarian imperialism has led, according to Amnesty International, "to the largest refugee disaster since the Second World War."
By Pepe Escobar
Humanitarian imperialism has led, according to Amnesty International, "to the largest refugee disaster since the Second World War."
----
Greece’s Yanis Varoufakis: The Medicine of
Austerity Is Not Working, We Need a New Treatment
Video - Democracy Now!
The country has ordered all state bodies to place their cash reserves in the nation’s central bank, the Bank of Greece, as it struggles to stay afloat.
Video - Democracy Now!
The country has ordered all state bodies to place their cash reserves in the nation’s central bank, the Bank of Greece, as it struggles to stay afloat.
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NOTICIAS IN ESPAÑOL
DEA: escándalo y doble moral. Editorial de La Jornada
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¿El regreso del anticapitalismo?. Phil Butland
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PRESSTV
‘ISIL
facing growing internal divisions’.
Thu Apr 23, 2015 The Takfiri ISIL group is said to be facing growing
divisions among its members in Iraq.
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Israel
shells northern Gaza Strip. Thu Apr 23, 2015 Israeli tanks have shelled
an area in the northern part of the besieged Gaza Strip.
----
Hillary
most corrupt secretary of state. Thu Apr 23, 2015 Hillary Clinton was
“perhaps the most corrupt” US secretary of state, says a political analyst.
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‘Saudis
gain nothing from Yemen war’. Thu Apr 23, 2015 An analyst says that
Saudi Arabia has gained nothing from the deadly aggression against Yemen.
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'US
wants to hold on to Saudi alliance'. Thu Apr 23, 2015 The US government
is trying to hold on to its alliance with the Saudi Arabian monarchy, says a US
activist and expert.
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UN
nominates new envoy to Yemen. Thu Apr 23, 2015 The UN nominates a new
special envoy to Yemen amid Saudi Arabia’s renewed airstrikes.
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‘Saudi
war on Yemen only harms Muslims’. Thu Apr 23, 2015 Iranian parliament
speaker says Saudi aggression on Yemen has no result but harming the Muslim
world.
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‘Saudi
war on Yemen imperils Mideast’. Thu Apr 23, 2015 A top Iranian diplomat
says the Saudi aggression against Yemen will pose a serious threat to the
security of the Middle East.
----
'Half
of US fracking firms to die this year'. Thu Apr 23, 2015 Half of the 41
fracking companies drilling for shale oil and gas in the US will be dead or
sold by year-end amid steep crude price declines, Bloomberg reports.
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