MAY 21 SIT EC y POL
ZERO HEDGE
Guest
Post: This October The World Will Change - "China Is Preparing For
Something Big". Submitted
by Tyler Durden on 05/21/2015. "China...
across the board... is preparing for something big in currency markets... The
world has an unease about the dollar system... former President Hu of China
said 'the dollar is a product of the past'."
[ Si
China da el golpe lo darÃa antes de Octubre. Por ahora solo hay presión para
que el IMF tome la iniciativa de impulsar una nueva moneda para depositos bancarios y "world-trade" en los 2 meses que vienen; si
no lo hace China darÃa el golpe en el 3ro. Revise su "What if "y me dará la razón
]
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Welcome
To The Oligarch Recovery: 82% Of US Construction Is Luxury Units. Submitted by Tyler Durden on 05/21/2015. [Que sobre las vias
ferreas, los trenes ultra-rapidos y las carreters de 4 pistas?]
The reason everything is being built for the wealthy, is
because all the gains from the oligarch recovery have
gone to the wealthy. This is no accident. It’s how the bailouts were
designed, and how the status quo operates. Our socio-economic system since 2008
can be best described as serfdom, and nothing is going to change until
people admit this, rather than hanging on to false hopes that they one day
too will become an oligarch. It’s not gonna happen.
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US
Retaliates At China Escalation, Warns Sea "Sandcastles" May
"Lead To Conflict". Submitted by Tyler
Durden on 05/21/2015. "As China seeks to make sovereign land out of
sandcastles and redraw maritime boundaries, it is eroding regional trust and
undermining investor confidence" -- US Deputy Secretary of State
[[Who is “eroding regional trust”? … in which region? … Investor confidence?.. Who
trust US crook investor nowadays? … I
guess we didn’t read the Phoenix Capital... note
on The
$16 Trillion Lie That Will Affect All Investments Going Forward. We didn’t even check the scandal of crook US bankers &
associates.. a good start is reading the interview of Amy Goodman to Matt
Taibbi: World’s Largest Banks Admit to Massive Global
Financial Crimes, But Escape Jail (Again)]]
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How
The Media Deceive The Public About "Fast Track" And The "Trade
Bills". Submitted by Tyler
Durden on 05/21/2015.
“Fast Track Trade Promotion Authority” (which was
invented by the imperial President Richard Nixon in 1974, in order to advance
his goal of a dictatorial Executive, that the Presidency would become a
dictatorship) lowers the Constitutionally required approval from 67
Senators down to only 50 Senators. The difference between 50 Senators versus
67 Senators is, essentially, the difference between a treaty that is publicly
discussed and widely acceptable to the American public (the people, after all,
who voted for those members of Congress); versus a secret treaty that will
be widely unacceptable to the American public when the America public will
become informed of its contents, which won’t be until years after the treaty
has already gone into effect.
----
The
Government's Message For Heavily Indebted Students: Don't Pay Us Back. Submitted
by Tyler Durden on 05/21/2015.
"The U.S. Department of Education wants to remind you
that you may qualify for a repayment plan that calculates your monthly payment
based on your income. You will likely qualify for an income-driven repayment
plan if your total federal student loan debt exceeds your annual income. Under
an income-driven plan, your initial payment could be as low as $0 per
month." -- US Department of Education
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Want
A Low-Wage Job? Go To College. Submitted by Tyler
Durden on 05/21/2015
hile only 23.9% of low-wage workers in 1979 had a
college degree, that group had grown to 44.2% by 2013. Yet low-wage
workers’ hourly wages have not improved much over this time.
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The
Fallacy Of Unequivocal Faith In The Fed's Babbling Bubble-Blowers. Submitted
by Tyler Durden on 05/21/2015. To preserve any
idea that the US is not heading into recession, the FOMC is now wholly reliant
on statistical processes within the BEA’s use of the Census Bureau’s updated
ARIMA-X13 modeling system. It is amazing to see this policy body that once
proclaimed, unequivocally and forcefully, that it could perform the monetary
equivalent of sorcery and alchemy reduced to quivering about winter. The latest
policy statement, a silly farce of its own accord, is, quite simply, an
embarrassment.
---- Top 10 Banks To Sell Your Soul . Posted by : Pivotfarm . Post date: 05/21/2015 . Janet Yellen at the Federal Reserve believes that the partying on Wall Street and in the financial institutions may “lead to trouble”.
Janet Yellen at the Federal Reserve believes that the
partying on Wall Street and in the financial institutions may “lead to
trouble”. The world knows that the trouble that they start because they are too
drunk celebrating the higher-than-high highs that they have created will lead
the banksters
and the tradesters to pass the baby onto the likes of Joe Blow and John
Doe out there. That will be inevitable. The partying is now entering the early
morning hours. You know, that time just when you’ve drunk too much and you
think you are invincible and there’s really no point stopping downing another
one, is there. One for the road?
These are the guys that push you out the way as you hail a
taxi and jump in ahead of you. These are the guys that pull up and double park
so they can pick up what they need from that little boutique. Who cares about
the traffic and the police will recognize his bravado and brashness, a telling
sign of the trading floor and the bank vaults. These are the guys that are paid
the most. So, which bank should you be working for if you want to throw a
two-year-old tantrum when the stock market crashes and you get your toys throw
out of the pram? But, the saving grace is that in all societies in the world
there are taboos were babies are concerned. They always have to be protected
from danger. The banksters
will be protected because they are earning the top salaries.
Top 10 Banks:
- Goldman Sachs
· Average
base salary for Vice-Presidents stands at $169,896.
· Financial
Analysts get $69,461.
- Capital One
·
Vice-President’s average base salary is $165, 514.
· Financial
Analysts earn $73, 462.
- American Express
· This bank
pays an average of $163, 908 for a Vice-President.
· A
Financial Analysts earns $66, 459.
- MetLife
· Average
base salary of a Vice-President stands at $145, 583.
· A
Financial Analyst gets $57, 115.
- Morgan Stanley
· A
Vice-President earns $143, 489.
· A
Financial Analyst’s salary is $63, 100.
- HSBC
· A
Vice-President has a salary of $129, 686.
· A
Financial Analyst gets $76, 413.
- Wells Fargo
· A
Vice-President earns $128, 805.
· A
Financial Analyst’s salary is $62, 195.
- Citigroup
· A
Vice-President salary here stands at $119, 240.
· Financial
Analysts get $66, 280.
- JPMorgan Chase
· This bank
pays its Vice-Presidents $117, 058.
· A
Financial Analysts earns $63, 229.
- Bank of America
· A
Vice-President’s salary stands at $112, 501.
· A
Financial Analyst earns $71, 435.
Bonuses ‘n all that?
There really is very little point in taking into account the
ridiculously laughably low salaries that the poor bankers are earning, is
there?
Of course, the vice-presidents and the presidents are
earning a lot more in bonuses. This is just the shop window. It’s in the stock
room and the back office that the real sound of fluttering greenbacks can be
heard and the wads of Benjamins
are doled out. Who said they never liked ‘cabbage’?
The average US salary for a president of a bank stands
officially at $100, 566. But, this is the figure for the entire country
in 2015. It doesn’t take into account the top banks only, which will
push that figure much higher and it certainly doesn’t take into account the
bonuses.
INFO continues… OPEN: http://www.zerohedge.com/news/2015-05-21/top-10-banks-sell-your-soul
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----
The
$16 Trillion Lie That Will Affect All Investments Going Forward . Posted
by: Phoenix Capital... .Post date: 05/21/2015
In some ways this was non-news. The markets had been
expecting a potential rate hike to come in September if not later.
Interestingly enough however, the bulls didn’t use this to gun the market
higher. If anything the S&P 500 has been weak since this was revealed. http://www.zerohedge.com/news/2015-05-21/16-trillion-lie-will-affect-all-investments-going-forward
----
California
Governor Declares State Of Emergency As Santa Barbara Oil Spill Worsens
Dramatically. Submitted by Tyler
Durden on 05/21/2015
What was originally thought to be around 21,000 barrels is
now over 105,000 barrels of oil spilled on to the pristine beaches of Santa
Barbara County. On Wednesday, Gov.
Jerry Brown declared a state of emergency for Santa Barbara County to
free up resources to respond to the spill, which as the following horrible
images show, is far worse than it initially appeared. After seeing all of that,
it is no wonder that OilPrice.com's
Charles Kennedy believes this latest oil pipeline spill could galvanize
environmentalist opposition.
----
3
Things: If You Don't Like It Change It. Submitted by Tyler
Durden on 05/21/2015. Since QE programs have not been effective at creating
organic economic growth, the only effective monetary policy tool of the Fed to
stave off the effects of a recessionary drag, lowering interest rates, is not
available. This is why, despite weak economic growth, little inflation and a
large amount of labor slack in the economy, the Fed has consistently hinted
that they will likely raise the overnight lending rates in June. Therefore,
since the Fed is "data dependent," a boost to GDP, via the
recalculation of the numbers, would be vastly supportive in justifying that
increase. However, is economic growth really stronger than currently
reported? We can look at some alternative measures of the economy to answer
that question.
----
Broke
Kansas To Tax Poor People By Placing $25 Limit On ATM Withdrawals. Submitted
by Tyler Durden on 05/21/2015. Kansas, which is
laboring under an $800 million funding gap, will limit cash withdrawals on
state-issued benefit cards to $25 per day starting on July 1, forcing some
beneficiaries to go to the ATM more often. Because the state charges $1 per
trip, and because many low-income families do not have a checking account, the
new law amounts to a sizeable 'poor tax'.
[Check related article: ]
----
Kansas
City Fed In Recession Territory After Respondent "Laid Off 8% Of Workforce
In 2 Months". Submitted by Tyler
Durden on 05/21/2015
For the 5th month in a row, Kansas City Fed missed
expectations by an inmcreaisngly large amount. May's -13 print is the worst
since April 2009, and is the biggest drop since 2009. Every single
individual component also tumbled led by orders, backlog, number of employees
and average workweek. Firmly in recession territory, the respondents
comments are stunningly reminiscent of the great recession (or depression)... [ y va uno.. which state is next?? .. Chicago-ILL, California, PA..? ]
----
Former
Fed Governor Says Fed Lost Credibility To "Stay On Top Of Ticking Monetary
Bomb". Submitted by Tyler
Durden on 05/21/2015. "The Fed has dragged out the normalization
of interest rates way beyond what is prudent... At some point... the market
is going to say ‘on my god, we’re so far behind the curve’ and force an
adjustment that is going to be wrenching... when this “wrenching”
adjustment kicks in, it would turn into a market disruption at a level
“seven or eight” on a scale of 10, with 10 being the worst."
----
The
Government's Message For Heavily Indebted Students: Don't Pay Us Back. Submitted
by Tyler Durden on 05/21/2015. "The U.S.
Department of Education wants to remind you that you may qualify for a
repayment plan that calculates your monthly payment based on your income. You will
likely qualify for an income-driven repayment plan if your total federal
student loan debt exceeds your annual income. Under an income-driven plan,
your initial payment could be as low as $0 per month." -- US Department of
Education.
----
"Above
The Law" Fed Subpoena'd By Hensarling Over 2012 Leak "To The
Priveleged Few". Submitted by Tyler
Durden on 05/21/2015.
“It is unacceptable, illegal and corrupt for anyone at
the Fed to deliver inside information that could provide a financial
advantage to the privileged few and lead to the manipulation of financial
markets”: Hensarling
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It's
A Bull Market In Confusion. Submitted by Tyler
Durden on 05/21/2015. Investors are the most 'neutral' and confused in
26 years with bullish sentiment and bearish sentiment hovering at
multi-decade lows...
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With
ISIS Controlling "More Than Half Of Syria", The US Prepares To Pounce.
Submitted by Tyler Durden on 05/21/2015.
Gun to our head, this is what happens next: several false
flag YouTube clips once again emerge just around the time Obama announces it is
time to send a tactical, contained group of troops in Syria to retake the
cultural "heritage that" is Palmyra, at which point the war against
ISIS morphs into what it has been from day one: the western attempt to crush
and topple the Assad government, and to hand over control of Syria to Turkey
and Iraq, just so the US, Saudi Arabia and Qatar can control what happens
behind the scenes, by which we mean finally allow that long overdue gas
pipeline to traverse the nation. We expect this scenario to start unfolding
within the month.
----
572
Reasons Why The Fed Is Terrified To Hike: "One Rate Cut Every Three
Trading Days". Submitted by Tyler
Durden on 05/21/2015
If sometime it feels like central banks have "have your
back" when trading stocks every single day since the collapse of
Lehman, you are wrong. They only have your back every third day, because
according to
Bank of America there have been a ridiculous 572 rate cuts around the globe
since the fall of Lehman, one every three trading days!
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Are
You Guilty Of Crimes Against Young Americans?. Submitted by Tyler
Durden on 05/21/2015. This is the first generation of young Americans
that our government systemically disfavors and the first generation whose
prospects are lower than those of their parents. Their parents and
grandparents have put them in the hole.
Robbed? Cheated? Scammed? Flimflammed? Rolled?
Take your pick.
----
Chinese
'Virus' Spreads To Germany: Meet The Company That Went From Record High To Zero
In 1 Week. Submitted by Tyler
Durden on 05/21/2015. [Chinese or American virus or both??]. Submitted by
Tyler
Durden on 05/21/2015.
It appears the frauds, falsehoods, and f##king fallacies are
all being exposed at the same time. While we have noted three companies that
have collapsed in the last week - destroying their billionaire owners' wealth
in the process - it appears the Chinese capital destruction virus has spread to
Germany. Joyou AG - a Chinese affiliate of German bathroom manufacturer
Grohe - has collapsed from record highs a week ago to 0, pending bankruptcy,
after admitting balance sheet manipulation.
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When
The Current Housing Bubble Finally Bursts. Submitted by Tyler
Durden on 05/21/2015.
This psychology of mass delusion now dominates housing,
stocks and bonds: not only is this not a bubble, the expansion will continue
forever. History, however, suggests otherwise: all bubbles burst,
period. [See
related article below]
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Housing
Recovery - Real Or Memorex. Submitted by Tyler
Durden on 05/21/2015
The rising risk to the housing recovery story lies in the
Fed's ability to continue to keep interest rates suppressed. It is
important to remember that individuals "buy payments" rather
than houses. With each tick higher in mortgage rates so goes the monthly
mortgage payment. With wages remaining suppressed, 1 out of 3 Americans no
longer counted as part of the work force or drawing on a Federal subsidy, the
pool of potential buyers remains tightly constrained. While there are many
hopes pinned on the housing recovery as a "driver" of economic
growth in 2015 and beyond - the lack of recovery in the home ownership data
suggests otherwise.
----
Where
The Rich Buy Their College Degrees. Submitted by Tyler
Durden on 05/21/2015
[ From Pakistan? ] When
it comes to world traveling, nothing beats the sights and sounds of Pakistan.
While traveling through the country, you might stumble upon a Navy SEAL mission to kill the most wanted
terrorist in the world, get acid thrown in your face, or earn a diploma from a
fake American university.
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Thousands
Gather At McDonald's Headquarters Demanding Higher Wages. Submitted by Tyler
Durden on 05/21/2015.
"Protesters hailing from as far away as Kansas City
and New York City participated in a demonstration at McDonald's Oak Brook
headquarters Wednesday, urging that hourly wages for the burger giant's
front-line workers be increased to $15 an hour", the Chicago Tribune
reports. Police estimated the crowd at about 2,000 people. Organizers had
projected that upward of 5,000 would participate in the demonstration.
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"We
Reached The Tipping Point": Income Inequality Is Highest Since Records
Began. Submitted by Tyler
Durden on 05/21/2015
In most of the 34 countries in the Organisation for Economic
Cooperation and Development the income gap is at its highest level in three
decades, with the richest 10 percent of the population earning 9.6 times the
income of the poorest 10 percent. "We have reached a tipping point.
Inequality in OECD countries is at its highest since records began,” said
OECD Secretary-General Angel Gurria.
While soaring stock prices do nothing to boost the economy,
because as 7 years of hard facts have shown, the only thing "trickle
down" QE has done is forced economists to jump the shark and demand not
one but two seasonal adjustments to goal seek collapsing economic data, the
S&P hitting new all time highs on a daily basis has certainly succeeded in
one thing: pushing inequality around the globe, and especially in the US, to
new record highs.
In most of the 34 countries in the Organisation for
Economic Cooperation and Development the income gap is at its highest level in
three decades, with the richest 10 percent of the population earning 9.6
times the income of the poorest 10 percent.
How does all of this class insanity end? Simple: watch the
following documentary on the French Revolution which we first posted over the weekend, for
the answer. https://youtu.be/Ds5MbMMQyJc
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Spot
The 'Fundamental' Difference. Submitted by Tyler
Durden on 05/21/2015.
As goes oil... so goes US equities...
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Crash
Contagion: Second Chinese Billionaire Wiped Out In Seconds After Stock
Instacrash. Submitted by Tyler
Durden on 05/21/2015.
[Billionaires do not have power over there … China system
won’t be affected.. their fall is prophylactic. In the US is different, billionaires
do have power here and they get bailouts whenever they wanted. (QEs were designed to save them .. at the expenses
of the whole nation) .. We would welcome such China “crash contagion” of billionaires,
if come here. The money they got here is
money stolen to our nation. The money
stolen by millionaire in China was directly stolen to the State and several of
them are in jail; no one here. That is the difference. ]
Yesterday
China's richest man, Li Hejun, lost more than half his fortune when his solar
company stock suddenly crashed over 50%. Overnight it happened again, and
Hong Kong’s securities regulator, warned other investors to exercise
"extreme caution," as Hong Kong's best-performing stocks this year
are crashing in a serial, tulip-like manner. And another billionaire was
promptly wiped out: Pan Sutong started the day engorged with wealth after his
companies Goldin Financial and Goldin Properties had risen 300% this year. By
the close he had lost 60% of his wealth!
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You
Know It's A Fiscal Crisis When... Republicans Raise Taxes. Submitted by
Tyler
Durden on 05/21/2015.
"Six years after the recession ended, many U.S. states
are hard pressed to balance budgets because of a sluggish recovery and their
own policy decisions and in fact, thirty-two states faced budget gaps in fiscal
2015 or 2016 or both." Bloomberg reports. Indeed, state and local
governments are so broke that "even Republican governors loath to raise
taxes have proposed higher levies."
----
Public
Confused Why World's Biggest Banks Admitting Criminal Fraud, Leads To Public
Yawns. Submitted by Tyler
Durden on 05/21/2015
It was about
two years ago when we summarized all the known and confirmed rigged
markets. Since then things have gone from bad to worse for believers in fair
and efficient markets, with not only countless more banks now admitting they
rigged Libor and FX. It all culminated with yesterday's settlement in which
five of the world's biggest banks, including JPM, Citi and Barclays, agreed
to plead guilty in a currency-rigging probe. And, to Bloomberg's
dismay, the public yawned.
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Philly
Fed Hovers Near 15-Month Lows, Prices Paid Collapse Most Since Lehman. Submitted
by Tyler Durden on 05/21/2015. After a very modest
bounce in April, Philly Fed fell again in May, printing a disappointing 6.7
(against 8.0 expectations). Philly Fed has now missed 5 of the last 6 (and 7
of the last 9) months. While new orders picked up, prices paid plunged
at recessionary pace, inventories tumbled, and the average workweek
slumped. Hope also tumbled as future expectations dropped.
----
Economic
Hope Crashes By Most Since 2013 Government Shutdown. Submitted by Tyler
Durden on 05/21/2015. Consumer Comfort is now the lowest it has been
since Dec 2014 as Bloomberg's sentiment index continues to track the pain
of higher gas prices better than the gain of higher stock prices. This is the
biggest 6-week plunge in sentiment since Oct 2013. What is more worrisome is
'hope' is plunging. Economic Expectations fell by the most since Oct 2013 - the
government shutdown - having fallen for 3 straight months. It appears the
trickle-down popularity of seeing a Green Dow print every night on the news
does not make the average joe feel any better about the world after all???
----
We
Have Found Where The Gas Tax Cut Was Spent: Hookers, Drugs And Booze. Submitted
by Tyler Durden on 05/21/2015
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US
Manufacturing PMI Tumbles To Lowest In 16 Months As New Orders Tumbled.
Submitted by Tyler Durden on 05/21/2015. Having
dipped and missing by the most on record in April, Markit's US
Manufacturing PMI printed 53.8 (against expectations of 54.5). This comes on
the heels of weakness in European PMIs (especially Germany - but but but lower
EUR... exports, growth, etc...) and Chinese
PMIs. This is the lowest US Manufacuring PMI since Jan 2014 (in the
middle of the polar vortex). May saw the slowest rise in new orders since
Jan 2014 - but the post-weather rebound? - and input costs rrise for the
first time in 2015. Markis now carefully noting that "the survey is
likely to encourage policymakers to err on the side of caution."
----
Lumber
Liquidators Loses Leader - Surprise CEO Resignation Extends Loss To 75% In 3
Months. Submitted by Tyler
Durden on 05/21/2015. The lamentable tale of Lumber Liquidators goes from
bad to worse to farce as the company releases a press release explaining "Robert
M. Lynch unexpectedly notified the Company of his resignation as the Company’s
President and Chief Executive Officer." The stock is down another 20%
on this news (as rates leaving sinking ships comes to mind) trading with an $18
handle briefly in the pre-market...
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Chicago
Fed Contracts For 4th Month In A Row As Initial Jobless Claims Hover Near 40
Year Lows. Submitted by Tyler
Durden on 05/21/2015
Initial claims rose very modestly this week but the smoother
4-week average hit fresh cycle lows at 271k - just shy of the lowest level
since 1973. Continuing claims also fell to new cycle lows at their lowest since
2000. It appears, as we have noted previously, that peak job-related
cost-cutting has been achieved. However, it's not all unicorns and ponies... as
Chicago Fed National Activity Indicator printed a disappointing -0.15, the
4th month in a row of contraction.
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Not
Thursday Humor: Saudi Arabia Plans To Head U.N. Human Rights Council. Submitted
by Tyler Durden on 05/21/2015.
[ Pathetic.. the butcher to lead
the UN Court on HR.. are we going to allowed this scum .. it will be the worse
in Human History.. we should instead convict them for the horrible crimes in
Yemen ]
The fact that Saudi Arabia is on the U.N. Human Rights
Council at all is more than sufficient to make a mockery out of the entire
body. Nevertheless, it appears this ridiculous membership isn’t enough for
the Saudis, and the Washington Free Beacon is reporting that the
medieval desert monarchy is angling to take over the head position when the
leadership position becomes available after 2016.
----
Democracy
Under Fire: Troika Looks To Force Greek Political "Reshuffle".
Submitted by Tyler Durden on 05/21/2015. It is becoming
increasingly clear that the Syriza show will ultimately have to be canceled in
Greece (or at least recast) if the country intends to find a long-term solution
that allows for stable relations with European creditors, but as we noted on
Wednesday, it may be time for Greeks to ask themselves if binding their fate to
Europe is in their best interests. Indeed, it's time to take a hard look at
the political ramifications of the June 5 IMF deadline and ask if the troika
will, in the final analysis, be successful in using financial leverage to
undermine the democratic process.
----
Submitted by Tyler
Durden on 05/21/2015 - 07:36
- Once-Unthinkable Criminal Pleas by U.S. Banks Get Investor ‘Meh’ (BBG)
- The E-Mail That Helped Catch Barclays: ‘ISDAfix Is Manipulated’ (BBG)
- CFTC Said Preparing ISDAfix Probe Talks in Weeks: Credit Markets (BBG)
- Islamic State takes control of Syria's Palmyra in westward advance (Reuters)
- Tensions High as Greece Gets Smallest Aid Rise Yet (BBG)
- The Rise of the $50,000 Rental (BBG)
- U.S. says South China Sea reclamations stoke instability (Reuters)
- First Hanergy Now Goldin: Hong Kong Stocks Drop Like Stones (BBG)
----
Despite
Weak Economic Data Overnight, Futures Slide On Rate Hike Concerns. Submitted
by Tyler Durden on 05/21/2015. The big news
overnight was neither the Chinese manufacturing PMI miss nor the just as
unpleasant (and important) German manufacturing and service PMI misses, but
that speculation about a rate hike continues to grow louder despite the abysmal
economic data lately, with the latest vote of support of a 25 bps rate increase
coming from Goldman which overnight updated its "Fed staff model" and
found surprisingly little slack in the economy suggesting that the recent push
to blame reality for not complying with economist models (and hence the need
for double seasonal adjustments) is gaining steam, and as we first suggested
earlier this week, it may just happen that the Fed completely ignores recent
data, and pushes on to tighten conditions, if only to rerun the great Trichet
experiment of the summer of 2011 when the smallest of rate hikes resulted in a
double dip recession.
----
Go
Now!": China Threatens US Spy Planes In South China Sea. Submitted
by Tyler Durden on 05/21/2015. There's trouble
brewing in The South China Sea, where Beijing has been using "scores of
dredgers" to turn reefs into islands in the Spratly archipelago. Reports
that Washington is looking into options for countering China's island-building
project, have set up a contentious scenario that culminated in Beijing advising
the US to "refrain from provocative action" in the area. Now,
China is telling US surveillance planes to "Go now!"
[ Why are we bulling China again
and again?... that is insane, childish and stupid, to say the less]
----
Portugal's
"Left-Wing" Forces Threaten Troika Revolt. Submitted by Tyler
Durden on 05/21/2015
"Europe faces the risk of a second revolt by
Left-wing forces in the South after Portugal’s Socialist Party vowed to defy
austerity demands from the country’s creditors and block any further sackings
of public officials", The Telegraph reports. In sum, the reason why
concessions (any concessions) to the Greeks are a non-starter in Athens'
negotiations with creditors is that the IMF, the European Commission, and most
especially Germany, want to send a clear message to any other 'leftist
radicals' who may be thinking about using the "one move and the idea of
EMU indissolubility gets it" routine as a way to negotiate for breathing
room on austerity pledges, will get exactly nowhere and will have a very
unpleasant time on the way.
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Is
Switzerland The Ultimate Safe Haven For Liberty And Wealth?. Submitted
by Tyler Durden on 05/21/2015.
“You can’t stop an idea whose
time has come.”
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Indonesia
Just Sank "A Large Chinese Vessel" And 40 Other Fishing Boats In The
South China Sea. Submitted by Tyler
Durden on 05/21/2015
[ Indonesian regime is a puppet of the US .. We recently
offered asylum to Muslim migrants escaping the horrors of ISIL .. in Indonesia,
without consulting the rulers of our colony…
We wonder if this attack on Chinese Vessel is another of our US anti-China stupidity.]
According
to The China People's Daily, Indonesia has just sank a large Chinese
vessel and 40 other foreign ships caught fishing in The South China Sea. AP
confirms that Indonesian authorities blew up and sank the 41 vessels... which
seems like something that might just lead to some serious escalation if true...
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JPM
Warns UK Referendum More Likely In 2016 Than 2017 - The Pros & Cons Of
Brexit. Submitted by Tyler
Durden on 05/21/2015.
JPMorgan expects U.K. won’t delay the promised in out
referendum on EU membership until 2017 but will put the issue to vote in late
2016 instead. Given the ruling Conservatives have only a small majority,
any legislation could fail if euro skeptics within the party vote against it,
suggesting the party leadership will want to get the issue resolved sooner
rather than later. The prospect of a vote could weigh on the economy, again
arguing for an earlier vote, so here are the PROS
AND CONS OF BREXIT SIMPLIFIED...
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FUTURE FAST FORWARD
"...the Fed’s unconventional monetary policies
have also created dangerous risks to the financial sector and the economy as a
whole." When even The Ivory Tower is losing faith, you know The
Fed is in trouble...
This reaching for yield has driven up the prices of
all long-term bonds to unsustainable levels, narrowed credit spreads on
corporate bonds and emerging-market debt, raised the relative prices of
commercial real estate, and pushed up the stock market’s price-earnings ratio
to more than 25% higher than its historic average.
The low-interest-rate environment has also caused lenders to take extra risks in order to sustain profits. Banks and other lenders are extending credit to lower-quality borrowers, to borrowers with large quantities of existing debt, and as loans with fewer conditions on borrowers (so-called “covenant-lite loans”).
The low-interest-rate environment has also caused lenders to take extra risks in order to sustain profits. Banks and other lenders are extending credit to lower-quality borrowers, to borrowers with large quantities of existing debt, and as loans with fewer conditions on borrowers (so-called “covenant-lite loans”).
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INFORMATION CLEARING HOUSE
Russia Wins
By Margaret Kimberley
Putin and Xi prove that it is possible to stand up to the United States.
By Margaret Kimberley
Putin and Xi prove that it is possible to stand up to the United States.
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The Suffering Is Too Great to Endure. Hope –
versus Neoliberalism – an Ode to Solidarity
By Peter Koenig
This is the doctrine of neoliberalism – destruction, hardship and misery for entire peoples so that a few may live in abject luxury.
By Peter Koenig
This is the doctrine of neoliberalism – destruction, hardship and misery for entire peoples so that a few may live in abject luxury.
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In Case You Missed It. Blueprint of the PNAC
Plan for U.S. Global Hegemony
By Bette Stockbauer
Some people have compared it to Hitler's publication of Mein Kampf, which was ignored until after the war was over.
By Bette Stockbauer
Some people have compared it to Hitler's publication of Mein Kampf, which was ignored until after the war was over.
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Memorial Day Is A Hoax
By Paul Craig Roberts
We need a memorial day to commemorate the victims of neoliberal globalization.
By Paul Craig Roberts
We need a memorial day to commemorate the victims of neoliberal globalization.
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The CIA and the Myths of the Bin Laden Raid
By Peter Maass
Much that the Pentagon said about the rescue of Private Jessica Lynch during the invasion of Iraq turned out to be fictitious.
By Peter Maass
Much that the Pentagon said about the rescue of Private Jessica Lynch during the invasion of Iraq turned out to be fictitious.
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The U.S. and U.K. Hide Their War Crimes by
Invoking “National Security”
By Glenn Greenwald
A government that is able to hide its own atrocities on “national security” grounds will be one whose public endlessly focuses on the crimes of others while remaining blissfully unaware of one’s own nation.
By Glenn Greenwald
A government that is able to hide its own atrocities on “national security” grounds will be one whose public endlessly focuses on the crimes of others while remaining blissfully unaware of one’s own nation.
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Secrets, Politics and Torture
Video Documentary - Frontline - PBS
The secret history of the fight over the CIA's controversial interrogation methods, widely criticized as torture.
Video Documentary - Frontline - PBS
The secret history of the fight over the CIA's controversial interrogation methods, widely criticized as torture.
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GOP Lawmakers Rip Obama for not Being
Faithful Enough to Saudi Arabia
By Lee Fang
A growing chorus of Republican politicians are demanding that President Barack Obama respect and follow the agenda of Saudi Arabia.
By Lee Fang
A growing chorus of Republican politicians are demanding that President Barack Obama respect and follow the agenda of Saudi Arabia.
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‘Nagasaki and Hiroshima’ Model for Dealing
with Iran: Israeli defense minister
By Philip Weiss
This is a story about the media blackout of important information about Israel
By Philip Weiss
This is a story about the media blackout of important information about Israel
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Washington,
Jerusalem Discussing Massive Compensation for Iranian Nuclear Deal
By Amos Harel
The United States is likely to provide Israel with, among other things, more F-35 combat aircraft and another battery of a missile interception system.
By Amos Harel
The United States is likely to provide Israel with, among other things, more F-35 combat aircraft and another battery of a missile interception system.
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U.S. and
Israel Have Worst Inequality in the Developed World
By Times Of Israel
When it comes to inequality, Israel is second only to the United States among developed nations, an OECD report says.
By Times Of Israel
When it comes to inequality, Israel is second only to the United States among developed nations, an OECD report says.
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No Respect
for the Poor, Working or Not
By Paul Street
The U.S. working class struggle for a Living Wage is also a political and moral struggle for basic decency, for self-respect, and for dignity.
By Paul Street
The U.S. working class struggle for a Living Wage is also a political and moral struggle for basic decency, for self-respect, and for dignity.
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World’s
Largest Banks Admit to Massive Global Financial Crimes, But Escape Jail (Again)
By Matt Taibbi
They were monkeying around with the prices of every currency on Earth, all of those people were affected by this activity.
By Matt Taibbi
They were monkeying around with the prices of every currency on Earth, all of those people were affected by this activity.
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GLOBAL RESEARCH
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Big
Banks Busted Massively Manipulating Foreign Exchange … And Every Other Market By Washington's Blog
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NEWS IN SPANISH
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Transnacionales mineras, ignorancia y ecocidio
colonial en Perú. Jorge Lora Cam Por qué Perú dice no al "Grupo México" con sus garras en TÃa
MarÃa?
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El Gobierno más racista y extremista de la
historia de Israel. Richard Silverstein
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Nazanin Armanian. http://www.nazanin.es/?p=11696
Publico.es
Teherán y
Riad rompen el fino lenguaje indirecto oriental que utilizaban para mostrar su
odio mutuo y pasan al ataque, de momento, verbal. A pesar de que el
desencadenante ha sido la agresión militar de Arabia-EEUU a
Yemen, la noticia de la supuesta agresión sexual a dos peregrinos iranÃes en el
aeropuerto de Jeddah desató la furia en el poder de Irán: se organizaron
protestas anti-saudÃes, se suspendieron las “peregrinaciones menores” (Hay
Umrah) a la Meca a las que se apuntan medio millón de fieles al año, y como
guinda, el general Ahmad Purdastan, el comandante de las fuerzas terrestres de
Irán, llegó a advertir al vecino árabe del “dÃa en que los petardos estallen en
Riad” por denegar el permiso de aterrizaje a un avión de pasajeros
iranà en su suelo. Sin embargo, lo que más dolió al rey Salmán fueron las
palabras del Ayatolá Jamenei: que unos jóvenes sin experiencia en Riad estén
reemplazando la dignidad con la barbarie, referiéndose al joven prÃncipe
Mohamed, a cargo del Ministro de Defensa y de la Casa Real, que para más inri
es también hijo del propio monarca, quien acusó a Teherán de apoyar el
terrorismo Houzi en Yemen.
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PRESSTV
Two
black men shot by police in US. Fri
May 22, 2015 The shooting of two unarmed African Americans by a police officer
on Thursday provoked new protests in Olympia, Washington.
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ISIL
executes 17 after seizing Palmyra. Fri May 22, 2015 The ISIL Takfiri
group executes at least 17 people after seizing the ancient Syrian city of
Palmyra.
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Experts
rap EU anti-migrant plans . Thu May 21, 2015 Hundreds of leading
migration experts condemn the EU’s plans for a military operation to fight
human smugglers in the Mediterranean.
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US
raid killed two Syrian kids: Pentagon. Thu May 21, 2015 The Pentagon
says a US airstrike in Syria’s northwestern city of Harem last November killed
two children.
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Debate:
UN-sponsored talks on Yemen. Thu May 21, 2015 In this edition of The
Debate, we discuss the UN-sponsored talks in Geneva on Yemen.
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‘US
making arms for possible China war’. Thu May 21, 2015 The US is
manufacturing weapons considered by the American military officials as
“plausible” for a possible war on China, says an analyst.
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Israeli
troops shoot Palestinian child. Thu May 21, 2015 Israeli forces shoot
and critically injure a Palestinian child in al-Quds (Jerusalem).
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‘US
tried to avert another Arab Spring’. Thu May 21, 2015 New documents
released by Edward Snowden show the NSA and its allies developed plans aimed,
in part, to prevent "another Arab Spring".
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