martes, 2 de junio de 2015

JUN 1 SIT EC y POL



JUN 1 SIT EC y POL

ZERO HEDGE 


Just days after George Soros warned that World War 3 was imminent unless Washington backed down to China on IMF currency basket inclusion, the hacker collective CyberBerkut has exposed the billionaire as the real puppet-master behind the scenes in Ukraine. In 3 stunning documents, allegedly hacked from email correspondence between the hedge fund manager and Ukraine President Poroshenko, Soros lays out "A short and medium term comprehensive strategy for the new Ukraine," expresses his confidence that the US should provide Ukraine with lethal military assistance, “with same level of sophistication in defense weapons to match the level of opposing force," and finally explained Poroshenko's "first priority must be to regain control of financial markets," which he assures the President could be helped by The Fed adding "I am ready to call Jack Lew of the US Treasury to sound him out about the swap agreement."
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Most investors have heard Kyle Bass' rather eloquent phrase, "buying gold is just buying a put against the idiocy of the political cycle. It's that simple." However, what few may remember was his warnings in 2011, suggesting the University of Texas Investment Management Co. take delivery of its gold - as opposed to trusting it in the 'safe' hands of COMEX massively levered paper warehouse. Now, as The Star Telegram reports, Texas is going one step further with State Rep. Giovanni Capriglione asking the Legislature to create a Texas Bullion Depository, where Texas could store its gold. The goal is to create a secure facility that would allow the state to bring home more than $1 billion in gold bars that are owned by UTIMCO and are now housed at HSBC in New York.
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The first step in any 12-step imperial-overstretch recovery program would involve accepting the fact that American power is limited and global rule an impossible fantasy. Accepted as well would have to be this obvious reality: like it or not, the U.S. shares the planet with a coterie of other major powers -- none as strong as we are, but none so weak as to be intimidated by the threat of U.S. military intervention. Having absorbed a more realistic assessment of American power, Washington would then have to focus on how exactly to cohabit with such powers -- Russia, China, and Iran among them -- and manage its differences with them without igniting yet more disastrous regional firestorms.  But for any of this to happen, American policymakers would first have to abandon the pretense that the United States remains the sole global superpower -- and that may be too bitter a pill for the present American psyche (and for the political aspirations of certain Republican candidates) to swallow. From such denialism, it’s already clear, will only come further ill-conceived military adventures abroad and, sooner or later, under far grimmer circumstances, an American reckoning with reality.
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Ex-Im Bank distorts the market and reduces the average American's standard of living in order to increase the power of government and enrich politically powerful corporations. Congress should resist pressure from the crony capitalist lobby and allow Ex-Im Bank's charter to expire at the end of the month. Shutting down Ex-Im Bank would improve our economy and benefit most Americans. It is time to kick Boeing and all other corporate welfare queens off the dole.
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Last month, Chicago saw its debt cut to junk at Moody's, triggering billions in accelerated payment rights and jeopardizing efforts to improve the city's finances in the face of a budget gap that's set to triple over three years. Citi has more on the dreaded "downgrade feedback loop."
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"US authorities need to take serious actions to show some sincerity, and to prove that they are not bad guys. Perhaps letting one of the most controversial intelligence-related acts expire is an acceptable solution."

[ Como decía el amante de los boomerangs, el camarada George Soros, “muerto el perro, muerta la rabia”. Lo aplicaría a Embajadas USA en el mundo, no a él .. cuestan un dineral y .. para que sirven??. Goerge en cambio solo es un engaña bobos y los más babosos del mundo de hoy son los neo-nazis de Kiev .. por eso a George le aplicaría la máxima “el que roba a ladrón, tiene mil años de perdón]
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[[ Es cierto, la economía keynesiana de Europa es un fracaso como lo es la del US. Para ser éxito tenía que ser independiente de los parásitos neoliberales y sus mafias financieras. No lo fueron. Y es mas cierto aun que políticamente la social democracia del EU se fue al garete… pero dejo por lo menos algo positivo .. a diferencia de otros remedos de social democracia –como la de Peru con Alan Garcia- y ese alguito positivo fue el sistema proporcional para el “control del Estado”, lo que supone admitir el 3rd choice y la representación de las minorías. En el sistema bipartidario las minorías son tragadas y hechas mierda por los dos partidos financiados por grandes corporaciones para reciclarse en el poder. El sistema Keynesiano lo uso FDR en el US y por 40 años sirvió a la nación hasta que las mafias neoliberales asaltaron el poder  con Reagan y la Tatcher. El  sistema keynesiano -con la variabte SOES State Own Enterprises- lo vienen usando a su manera los Chinos y Rusos (hay competencia y hay vigilancia y gestion estatal)  y quiéran o no, los del West, son hoy líderes del desarrollo mundial. Si el sistema Ec de la Soc Dem de Europa fallo es porque permitieron la ingerencia Ec y Pol de los bribones USAnos. Se hizo por tanto mal uso del sistema keynesiano de economía. Ese sistema suponía autonomía financiera y politica, lo que desde el 2001 con Bush y su Patriot Act fue dejando de tener  la  Ec Europea ]  
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One might be predisposed to thinking that monetary policies aimed explicitly at inflating prices for the assets most likely to be concentrated in the hands of the wealthy would have a high likelihood of exacerbating the wealth divide. Not so, says Ben Bernanke in a new blog post. "Certainly, inequality and lack of social mobility are issues of first-order significance for economic policy in general. Should they also be first-order considerations for the making of monetary policy? I have my doubts."
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"This market has a lot to be concerned about," warns Carl Icahn in an interview with FOX Business Network's Trish Regan, slamming Fed policy, "by keeping interest rates this low you are creating bubbles that you don’t even know about." While mainstream media pundits are instantly feverish over every bullish AAPL word the aging activist has to say (or tweet), it seems that when it comes to facing facts and reality of the broad market, few, if any, are willing to share his thoughts as he concludes, "it’s not just a question of it could be the beginning... It’s not will it happen. It’s when it will happen."
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At some point in the middle of the last century, economics of money shifted to economics of psychology. Abenomics is the perfect example of this faith-based policy. The Japanese economy, to any clear mind, took a huge turn for the worst under Abenomics yet its practitioners are still, somehow, given the final word on judging its performance, meaning that the mainstream still, somehow, subscribes to the religion.
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Most investors have heard Kyle Bass' rather eloquent phrase, "buying gold is just buying a put against the idiocy of the political cycle. It's that simple." However, what few may remember was his warnings in 2011, suggesting the University of Texas Investment Management Co. take delivery of its gold - as opposed to trusting it in the 'safe' hands of COMEX massively levered paper warehouse. Now, as The Star Telegram reports, Texas is going one step further with State Rep. Giovanni Capriglione asking the Legislature to create a Texas Bullion Depository, where Texas could store its gold. The goal is to create a secure facility that would allow the state to bring home more than $1 billion in gold bars that are owned by UTIMCO and are now housed at HSBC in New York.
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We have long argued that the most likely endgame for Greece is that PM Tsipras caves to the troika, compromises on the government’s ‘red lines’ and risks a government reshuffle on the way to a third program, thus averting a euro exit and keeping Greece from descending into a drachma death spiral, even as the “solution” effectively strips the Greek people of their right to choose how they want to be governed — a tragically absurd outcome in what is the birthplace of democracy. It now appears that scenario is set to unfold.
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All too often investors are bombarded with bullshit presented as facts by talking heads in constant denial and forever protecting their commissions - as opposed to protecting their client's interests. One notable case in point is the "it's different this time" meme surrounding IPOs and their apparent 'realness' in the current new normal vs the 199/2000 dotcom boom/bust. As the following chart shows: yes, this time is different - there has never, ever, been a greater perecentage of unprofitable companies IPOing...
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Federal Reserve Vice Chairman Stanley Fischer said bankers who have engaged in wrongdoing should be punished, and he chided the industry for pushing back against financial regulations adopted to prevent another conflagration.
 “Individuals should be punished for any misconduct they personally engaged in,” Fischer said in a speech to bankers Monday in Toronto. 


Well then... if a Fed vice chairman says bankers should be punished for, you know, "crimes" then so be it.
Which in retrospect seems a little odd: why would anyone, let alone the second most important person on the planet, feel the need to state something that, for every other human being is self-evident?
Which reminds us, just how many of the market's caught-red-handed criminal manipulators have gone to jail?
Stanley? Anyone?
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The EU issued a press release this morning which could perhaps be summed up in 2 words - "not fair." Following the denial-of-entry by Russia of several EU politicians, Russia has released a list of 89 names who will face travel bans - of exactly the same type as EU and US enforced upon numerous Russian elites. Europe is displeased that Russia would dare do unto them as they have done unto others... "we deem this measure as totally arbitrary and unjustified," they exclaimed, adding, "we don’t have any further information on the legal basis or the criteria or the process of these decisions."
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Capitalism takes you into the future... with innovation, failure, and surprise. You invest, you lose your money, you try something different, and you stumble forward. Capitalism is constantly burying its mistakes and discovering tomorrow. Cronyism, on the other hand, keeps you in the past. It is today and yesterday trying to stop tomorrow from happening.

We’ve been trying to find something good to say about our generation – the baby boomers, who have dominated life back in the U.S. for at least the last 30 years.
But we keep running into the same problem: We have been so eager to protect our perks, power, and profits we have perverted the entire system.


Capitalism takes you into the future... with innovation, failure, and surprise. You invest, you lose your money, you try something different, and you stumble forward. Capitalism is constantly burying its mistakes and discovering tomorrow.
Cronyism, on the other hand, keeps you in the past. It is today and yesterday trying to stop tomorrow from happening.
And guess what? Cronyism depends on the credit bubble. The future is where new wealth is created. When you try to stop or twist the future into the shape want, you prevent this wealth from ever happening.
So, you switch from creating wealth now to taking wealth from the future, so you can consume it now. That’s how the credit bubble got so big. And that’s why almost nobody wants to see it pop.
Cronies owe money. They borrow money. They depend on borrowed money for their budgets, their spending, their bonuses, their portfolios, their welfare checks, and their special privileges.
They all depend so heavily on borrowing that few of them – whether in academia, media, business, finance, or government – can see the truth… let alone speak it.
They are all paid not to see it. And if they do see it, they keep their mouths shut.
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The banking system must be doing great... just days after JPMorgan announced mass layoffs, SkyNews reports that HSBC is preparing to announce a revised headcount target, which insiders said that it was likely to be between 10,000 and 20,000 job cuts.
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The banking problems we see all over the world are a direct expression of the limits to growth, specifically the limits to debt creation. We can’t continue to borrow from the future to pay for our comforts and conveniences today because we have no real conviction that these debts can ever be repaid. We certainly wish we could, and the central bankers running the money system would like to pretend that we could by making negligible the cost of borrowing money and engaging in pervasive accounting fraud. But that has only served to cripple the operation of markets and pervert the meaning of interest rates — and, really, as a final result, to destroy any sense of consequence among the people running things everywhere.
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"Wall Street’s generous supply of funds to U.S. oil drillers helped create the American energy boom. Now that same access to easy money is keeping them going, despite oil prices that are languishing around $60 a barrel," WSJ says, proving that the era of easy money has in fact led to deflation.
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Over the weekend, we first reported that none other than Nobel prize winner Robert Shiller said that in his opinion, unlike 1929, this time everything - stocks, bonds and housing - was overvalued. Curiously, none other than Goldman's chief equity strategist, David Kostin echoed this sentiment when in his latest weekly note to clients he said that "by almost any measure, US equity valuations look expensive. The typical stock in the S&P 500 trades at 18.1x forward earnings, ranking at the 98th percentile of historical valuation since 1976. For the overall index, the aggregate forward P/E multiple equals 17.2x, a rise of 63% since September 2011, compared with the median expansion of 48% during 9 previous P/E expansion cycles. Financial metrics such as EV/EBITDA, EV/Sales, and P/B also suggest that US stocks have stretched valuations. With tightening on the horizon, the P/E expansion phase of the current bull market is behind us."
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US Manufacturing PMI dropped to its lowest since January (54.0 May vs 54.10 April) but rose modestly from early month preliminary indications. So despite the harshness of the winter weather and the port strikes, US manufacturing is worse now than at any time since the peak of piss-poor-weatheriness. New orders rose at the weakest pace since Jan 2014 and input costs rose, and Markit suggests The Fed wait on rate hikes and despite Bill Dudley's utterances, Markeit notes the "survey provides further evidence that the strong dollar is hurting the economy." Against this weakness, ISM Manufacturing - in all its seasonally-adjusted glory, rose and beat by the most since Oct 2014 with new orders rising (umm?) and prices paid surging. And finally, construction spending - having not risen for 3 months - it recovered considerably, spiking 2.2% MoM - the most in 3 years.
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The Fed insists that Cinderella's carriage is forever golden, ignoring the increasingly obvious reality that the carriage is turning back into a pumpkin before our eyes. The Fed's magic was always a short-term fix, akin to over-fertilizing and over-poisoning our economy to create the illusion of massive growth in profits and stock, bond and home valuations. Now that the magic is wearing off, the reality is going to hit everyone who believed the fantasy of permanent asset bubbles especially hard.
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This is not what the American Dream is made of... US consumers got a generous 0.4% rise in incomes in April - better than the 0.3% expectation - but none of it was spent! Personal Spending was unchanged - missing expectations for the 5th month of last 6. What this means is obvious, Americans are saving more (savings rate surged from 5.2% to 5.6%) and spending less... this is not the wealth effect creating 70%-of-GDP-consuming world that The Fed's textbooks say it should be...
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It wouldn't be the new normal without a "Greek deal imminent" rumor/headline and so after overnight China-based strength gave way to selling pressure, another twitter-based rumor of "chatter" of a Greek accord (which given yesterday's comments seems extremely unlikely anyway) sparked a malt-up in EURUSD and US Equity futures. However, as is always the case, Virtu's algos as usual forgot to sell when the official denial occurred just a few minutes later.
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"Not only is it possible that we may need to see technical default and deposit blocks in order to come to a new programme, it may be necessary to do so in order to break the current impasse in negotiations," Goldman says, after indicating that a Greek government shakeup is now likely inevitable.
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Submitted by Tyler Durden on 06/01/2015 - 07:27
  • Senate lets NSA spy program lapse, at least for now (Reuters)
  • Draghi Deflation Relief Means Little With Greek Threat Unsolved (BBG)
  • Tepid factory data add to Asian gloom (FT)
  • Citigroup Likely to Close Banamex USA (WSJ)
  • Frugality of High Earners in U.S. Shows Long Shadow of Recession (BBG)
  • Greece’s Tsipras Warns Bell May Toll for Europe (BBG)
  • Carnegie Mellon Reels After Uber Lures Away Researchers (WSJ)
  • Romário leads drive for Brazilian probe into Fifa (FT)
  • Faster than China? India's road, rail drive could lay doubts to rest (Reuters)
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FUTURE FAST FORWARD

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WASHINGTON BLOG

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Corruption Is Destroying Basic Science
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INFORMATION CLEARING HOUSE

Jihadists in the Service of Imperialism
By Thierry Meyssan
How the Pentagon and the CIA manage to manipulate millions of Muslims and send them off to fight for Uncle Sam’s interests.
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Blackwater Trained Some of World’s Top Terrorists
By Washingtons Blog
The head of special forces in Tajikistan was trained by American mercenary company Blackwater, but has now joined ISIS.
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Progressive Apocalypse. Obama Opens Door to Nuclear Nightmare
By Chris Floyd
America’s bipartisan elite would rather put the entire world into more nuclear peril than surrender a single iota for their lust for loot and power.----
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Zombie Patriot Act Will Keep U.S. Spying—Even if the Original Dies
By Shane Harris
Forget the White House’s doomsday talk about American intelligence going blind. Thanks to backdoor provisions and alternate collection schemes, U.S. spies will keep on snooping.
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Why We Can't Trust the NSA (And Why That's a Crisis)
By Ron Fournier
A greater threat than Iran, ISIS, and "lone wolf" attacks: government lies.
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Rule By The Corporations. TTIP: The Corporate Empowerment Act
By Paul Craig Roberts
The corporations have bribed the political leaders in every country to sign away their sovereignty and the general welfare of their people to private corporations.
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Karl Marx Was Right
By Chris Hedges
Karl Marx - foresaw that capitalism had built within it the seeds of its own destruction.
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GLOBAL RESEARCH

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NEWS IN SPANISH

Nazanin Armanian. Publico.es
El mundo ya puede respirar tranquilo: los yihadistas del Estado Islámico (EI) no han convertido la ruina de Palmira en ruina. La “no noticia” es que su teatro fue el escenario de la ejecución de una treintena de personas —civiles, solados sirios, voluntarios iraníes y afganos—, siendo esos los “daños colaterales” que no escandalizan a casi nadie.
Los últimos movimientos militares, diplomáticos y políticos, anuncian la llegada del fin de la guerra de las potencias regionales y mundiales contra la nación y el Estado sirio. La sorprendente ofensiva bélica y política de Arabia Saudí en Iraq, Siria y Yemen, así como la presión que Riad está ejerciendo sobre Washington y Moscú, desde la llegada del equipo del Rey Salman al poder en enero, son los principales motivos de un cambio cualitativo en el escenario sirio-iraquí.
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PRESS TV

All world to blame for ISIL advance: Abadi . Tue Jun 2, 2015 Iraq's PM Haider al-Abadi says ISIL's advance constitutes 'a failure' for the whole world.

[ Si fueron todos.. la culpa no es de nadie?. .. vs. .. son los lideres los que van a la cárcel. .. Estamos frente a la típica canallada del “Fuente Ovejuna”: todos lo mataron, nadie es culpable ]
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Yemenis shell Saudi military bases. Tue Jun 2, 2015 The Yemeni army, backed by popular committees, carries out several rocket attacks on the Saudi military bases.
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Saudis draining joint oilfield with Iran . Tue Jun 2, 2015 Saudi Arabia is producing 10 times more oil than Iran from the joint Forouzan field in the Persian Gulf, the financial daily Ta’adol reported on Tuesday.
[He aquí la madre del cordero .  … la explicación de la traición a Syria ]
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CIA is a secret government: Ron Paul . Tue Jun 2, 2015 Ron Paul says that the CIA is a “secret government” that is perhaps involved in “domestic assassinations.”

[ Yo diria que jefes de la CIA son parte del “Deep State”, uno de sus miembros claves, junto a jefes del military industrial complex, de la mafia de banqueros asociados al FED, y de la mafia de financistas o grandes corp, mas algunos miembros del Wall Street.  Todos ellos,  y algunos miembros del poder Ejecutivo y el Senado, hacen parte del Deep State y coordinan on hot issues. Es una instancia cerrada, no abierta al público. Poco se ha escrito al respecto, pero hay buenos Docts. Vease http://billmoyers.com/  al respecto. OR,  G. William Domhoff:  Wealth, Income, and Power ]
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Russia to build 2nd, 3rd Iran N-plant units. Tue Jun 2, 2015 Russia says it will start building the second and third units of Iran's nuclear power plant in Bushehr.
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IAEA warns of cyber risks to N-facilities. Tue Jun 2, 2015 The IAEA urges a global response to cyber attacks on nuclear facilities as concerns rise over the consequences of such incidents.
[ Si son honestos que empiecen el desmontaje de los silos nucleares de Israel ]
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‘ISIL result of US mistakes in Mideast’. Tue Jun 2, 2015 A university professor says the creation of the ISIL terrorist group is the result of the United States’ strategic mistakes in the Middle East.
[ La unica forma de corregir el “mistake” es destruirlos donde esten ]
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Cats make kids dumb: Research. Mon Jun 1, 2015 Scientists link a cat parasite to diminished memory and reading aptitude in children.
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TSA fails 95% of covert security tests. Mon Jun 1, 2015 The US Transportation Security Administration failed 95 percent of undercover tests carried out in airports across the country recently, a report reveals.
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