JUN 13 SIT EC y POL
ZERO HEDGE
Writing's
On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It
"Non-Confiscatable". Submitted by Tyler
Durden on 06/13/2015
The lack of faith in central bank trustworthiness is
spreading. First Germany, then Holland, and Austria, and now - as
we noted was possible previously - Texas has enacted a Bill to
repatriate $1 billion of gold from The NY Fed's vaults to a newly established state
gold bullion depository..."People have this image of Texas as big
and powerful … so for a lot of people, this is exactly where they would want to
go with their gold," and the Bill includes a section to prevent
forced seizure from the Federal Government. Is this the first step
down a road to secession?
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Saudi
Warplanes Destroy 2,500 Year Old Heritage Site In Yemen. Submitted by Tyler
Durden on 06/13/2015
When ISIS militants took control of the ancient Syrian city
of Palmyra last month, observers feared the world was set to lose a treasure of
antiquity. The city, which houses ruins that date back thousands of years, is a
UNESCO world heritage site. Historians say its destruction would represent a
tragic defeat in the effort to preserve the cultural heritage not just of the
Middle East, but of modern civilization itself.
On Friday, the proxy wars that, thanks in large part to US
foreign policy, now plague the Middle East, took their toll on another UNESCO
heritage site when Saudi warplanes decimated Old City, a 2,500 year-old
collection of homes, towers, gardens, mosques, and public baths in the Yemeni
capital of Sana’a.
NY Times has
more:
A protected 2,500-year-old
cultural heritage site in Yemen’s capital, Sana, was obliterated in an
explosion early Friday, and witnesses and news reports said the cause was a
missile or bomb from a Saudi warplane. The Saudi military denied
responsibility.
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The
Index Of Evil: Who's The Bad Guy Now?. Submitted by Tyler
Durden on 06/13/2015
Bullies, Chiselers, and Zombies
Let us finish our series, “The Good, the Bad, and the Ugly.”
We’ve been looking at how, when everybody’s a lawbreaker, it’s hard to spot the
real criminals. (To catch up, here’s Part I, Part II, Part III, and Part IV.)
It’s easy to see evil in dead people. Stalin...
Hitler... Pol Pot... people who tortured and killed just to feel good. The jaws
of Hell must open especially wide to let them in.
But who should go to the devil today?
Counting the Bodies
It is not for us to say. But we can make some
recommendations:
Paul Wolfowitz, Richard Perle, and Lindsey Graham come to
mind, along with John McCain, Dick Cheney, George W. Bush, and all the other clownish
warmongers.
Who’s the Bad Guy Now?
Three decades after the U.N. Convention Against Torture,
torture still happens in 141 countries.
Alas, torture, says Kelly, is not reliably quantifiable. The
CIA, for example, calls it “enhanced interrogation techniques.”
Who’s the Bad Guy Now?
Three decades after the U.N. Convention Against Torture,
torture still happens in 141 countries.
Alas, torture, says Kelly, is not reliably quantifiable. The
CIA, for example, calls it “enhanced interrogation techniques.”
Nevertheless, the numbers are there; make of them what you
will.
And we included the U.S. for comparison:
SO, .. WHO’S THE BAD GUY?
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WRONG WAY! The common error of confusing growth with
progress goes largely unnoticed, though it permeates all macroeconomic
analysis. There is no better example of this mistake than the
fallacies behind the interpretation of Gross Domestic Product.
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Why
Goldman Is About To Become The Biggest HFT Firm In The World, Submitted by Tyler
Durden on 06/13/2015
[INTERESTING ART TO KNOW THE OWNERS of NEOLIBERAL MARKET and THE WAY THEY OPERATE ]
READ THIS ART though here only extracts
And just like that, Goldman wins again. When faced
with the choice of perpetuating a fake facade of morality or continuing its old
ways, was there ever any doubt what Goldman would choose.
One year ago, just as Michael Lewis issued Flash Boys, a
book which summarized everything we have said about broken markets and HFT
manipulation since day one, Goldman decided to not only keep a lower profile,
but to miraculously take the side of the "little guy" by not only
providing backing to the new anti-HFT exchange IEX, but having Goldman COO's
Gary Cohn pen a WSJ Op-Ed titled "The Responsible Way to Rein in
Super-Fast Trading" in which the firm lamented the rise of algorithmic
trading, and market fragmentation:
With the overwhelming majority of
transactions now done over multiple electronic markets each with its own rule
books, the equity-market structure is increasingly fragmented and complex. The
risks associated with this fragmentation and complexity are amplified by the
dramatic increase in the speed of execution and trading communications.
In the past year alone, multiple
technology failures have occurred in the equities markets, with a severe impact
on the markets' ability to operate. Even though industry groups have met after
the market disruptions to discuss responses, there has not been enough
progress. Execution venues are decentralized and unable to agree on common
rules. While an industry-based solution is preferable, some issues cannot be
addressed by market forces alone and require a regulatory response. Innovation
is critical to a healthy and competitive market structure, but not at the cost
of introducing substantial risk.
More shocking, just a few days later, Goldman
announced it would sell its designated market maker post on the NYSE,
the last remnant of its legacy year 2000 $6.5 billion purchase of Spear Leeds
& Kellogg, suggesting Goldman was waving goodbye to lit exchanges.
Even more shocking, a few weeks later Goldman was reported
to be shutting
down its own dark pool, the once massive Sigma X, thus exiting not only
lit but dark exchanges as well.
Back then we said that "this is a momentous
development, if true."
Turns out it wasn't true.
In fact, all Goldman did was a well-orchestrated PR campaign
to avoid the public backlash for the prominent role it had in destroying Sergey
Aleynikov not once, but on countless occasions, a programmer
first profiled here in 2009, and whose life ever since has been a
living hell thanks to Goldman's army of lawyers. As a reminder, Aleynikov's
plight was one of the main topics of Flash Boys.
Well, now that both Lewis' book has been long forgotten, now
that Virtu has successfully IPOed (with Goldman
Sachs as lead underwriter), Goldman can finally drop the facade of
doing the right thing for once and as Bloomberg
reports, "Goldman Sachs Group Inc., which called for reform of
high-speed stock trading before Michael Lewis’s “Flash Boys” spurred an outcry
last year, is diving back in."
Aka hypocrisy 101.
The bank’s electronic equity-execution unit is hiring
executives including Keith Casuccio from Morgan Stanley and investing in
software, trading infrastructure and its dark pool, according to people with
knowledge of the plan.
In short, Goldman is about to aggressively expand into High
Frequency Trading and Dark Pools, and courtesy of its captured regulators and
Federal Reserve officials, we give Goldman 12-18 months before it is the
dominant HFT trading firm in the US and the entire world. And this time, unlike
2008, Goldman did not even have to blow up the financial system to
achieve its goal.
Shorter yet: Goldman wins again.
Which, incidentally is good news. Recall that at this point
since the current system is far beyond the point of no fixable return, the
only real option is letting the status quo burn itself out as fast as possible
in a supernova of unbridled greed and endless liquidity, leading to the
inevitable systemic reset. A reset which, amusingly, was predicted by none
other than Goldman partners and co-heads of Goldman's global stock markets, Ron
Morgan and Brian Levine.
From page 24 of Flash Boys:
And nobody more so than the hypocrites at Goldman Sachs.
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How
Fund Managers Use ETF Phantom Liquidity To Avert A Meltdown. Submitted
by Tyler Durden on 06/13/2015
If I'm a fund manager, the idea that ETFs provide liquidity
rests on the assumption that when I experience outflows, someone else will be
experiencing inflows and thus I can sell ETFs and avoid offloading my bonds
into an illiquid corporate credit market. Put another way: I am depending on
new money coming into the market to fund redemptions from previous investors
who are exiting the market, all so that I can avoid liquidating assets that are
declining in value and that I believe will be difficult to sell. There's a
term for that kind of business. It's called a ponzi scheme.
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Clash
Of The Titans: Merkel, Schaeuble Spar Over Greece As German FinMin Draws Up
Grexit Plans. Submitted by Tyler
Durden on 06/13/2015
Spiegle traces the history of German Chancellor Angela
Merkel's relationship with FinMin Wolfgang Schaeuble who is leading the
opposition against further aid for a Greek government he views as unwilling to
accept economic realities. As the rift between the two deepens, Schaeuble
has instructed the German finance ministry to draw up plans that would limit
the fallout from a sovereign default.
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Why
Keynesian Voodoo Doesn't Work? . Submitted by Tyler
Durden on 06/13/2015
Keynesian policy of manipulating economic “aggregates”
through countercyclical macro-measures appeared to work when balance sheets
were not stretched to the brink. The glaringly obvious result of such
policies, gross capital consumption through malinvestments epitomized through a
serial bubble economy, did not discourage our money masters. The best and
brightest even suggest bubbles are the only remedy to what they believe is some
sort of secular stagnation. Just as drugs, the abuser must increase the
dosage to feel the same high and spend accordingly.
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Greece
Looks To Trade Concessions For Writedowns As Standoff Continues. Submitted
by Tyler Durden on 06/13/2015
"If we have a sustainable solution, regardless of how
difficult the compromise is, we will bear the burden because the only criteria
are exiting the crisis and the bailouts."
---- Multiple Assailants Attack Dallas Police Headquarters With Automatic Guns, Pipe Bombs. Submitted by Tyler Durden on 06/13/2015
As many as four gunmen fired automatic weapons against the
Dallas Police headquarters, and that at least at least two pipe bombs were
found outside the police headquarters after the initial shooting. At least
one attacker opened fire on Dallas' police headquarters early Saturday,
riddling windows and police cars with bullets before fleeing in a van to a
suburban restaurant parking lot, where officers surrounded the vehicle in a
standoff that has lasted for hours, CNN
reports.
[ Esto es exactamente
lo que yo queria evitar en mi respuesta al anterior art que zero hedge publico
ayer: The Biggest Crooks In America Are
Now The Cops
Mi
respuesta fue contundente como lo hice notar en Arts anteriores: se trata de buscar fórmulas para unir Estado y
Nación y a los policías con su pueblo, pues ellos también son parte de este
pueblo- pero esta vez mi respuesta fue interrumpida. La reproduzco de nuevo
para que quede clara mi posición sobre este tema.
SOBRE POLICIAS Vs. LA NACION
Hugo Adan Junio 13, 2015
Antes de leer el Art de zerohedge.com
sobre el tema: creo que debemos responder a dos preguntas: 1ro, existe algun
estado-nacion del mundo que no necesite de policías? y, 2do, nuestro país requiere o no de policías?.
La respuesta es clara al Problema 1:
NO existe ningún país del mundo que no requiera de policías. Todo Estado para
existir necesita –por lo menos- de leyes, jueces y de policías para hacer
cumplir esas leyes. Los paises mas avanzados del mundo
-en términos de unidad entre Estado-Nacion – pueden no requerir de ejércitos pero
jamás suprimir la policía. Solo hay dos países pequeños en este planeta que
funcionan bien sin ejércitos: Iceland en Europa y Costa Rica en Latino America.
La función seguridad nacional la provee la nación organizada y la comunidad
internacional. Pero en países inmensos como el US si se requieren de policías.
Iceland, un pueblo-nación de apx 350 mil habitantes no dispone de policías como
institución, pero si de guardia costera, que cumple la misma función, y no para
custodiar ni proteger el Estado de sus propios habitantes -el Estado son ellos-
sino para evitar la interferencia de países foráneos en su territorio.
La respuesta al Prob 2 es también
clara. EU es un inmenso país federado donde habitan diferentes nacionalidades
con diferente cultura y niveles de des Ec-Pol y Social. Por tanto, es un país
que si necesita de policías para hacer cumplir las leyes del Estado y la Constitución
Federal. Algunas de estas nacionalidades –los Amish,
por ejemplo- no requieren de institución policial y por ley la policía de un
Estado o de la misma Federación no puede violar su autonomía sin expreso mando
de una Corte Estatal o de la Corte Suprema. La otra
razón por la cual se requiere de policías a nivel nacional es la situación de crisis económica, política y social que
vivimos. La crisis deriva del modelo neoliberal que ya devino obsoleto y que aún
no podemos cambiarlo porque existen fuertes intereses que lo impiden. Esos
intereses existieron durante la recesión económica del 1930 y hubo un Pdte,
FDR, que logro dar respuesta correcta a esa crisis. Hoy
son los policías los que tienen que sufrir los conflictos sociales que derivan
de la nueva recesión en proceso. Se trata de una crisis cuyos conflictos
sociales no fueron creados por los policías, pero que el sistema asume que
ellos deben resolverlo y eso es lo injusto y equivocado del sistema neoliberal.
Eso nos lleva a un 3er problema: se
necesita mas policías de los que hoy tenemos para contener la ira social
desatada por los fraudes, pillajes y abusos que avala el modelo neoliberal. Pero se necesita también depurar la institución policial de personas
que no saben contener su propia ira frente a los insultos o ataques verbales de
nacionalidades oprimidas como los negros. La respuesta violenta de los policías
no solo agrava la crisis, sino que distorsiona totalmente el sentido de la
protesta social -que es y debio ser pacifica de principio a fin- pues genera también
respuestas violentas. Ya hay indicios de respuesta violenta
y armada contra la policía. Son muchos los policías que han sido víctimas de
esos ataques. Esta es la trampa sociológica que hay que evitar. Hay indicios de
que el Federal no pretende evitar el enfrentamiento social entre policías y nación, sino
agravarlo con la militarización. Esa trampa social
conduce al suicidio de la nación entera.
La unica forma de evitar el colapso violento
del sistema neoliberal y el saqueo de las grandes corporaciones dentro del
país, es regresar a la propuesta de FDR sobre NEW DEAL. Hay que adaptar el
modelo de FDR al presente y evitar que la violencia fratricida destruya la nación entera. ]]
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Is
Deutsche Bank The Next Lehman?. Submitted by Tyler
Durden on 06/13/2015
Looking back at the Lehman Brothers collapse of 2008,
it’s amazing how quickly it all happened. In hindsight there were a few
early-warning signs, but the true scale of the disaster publicly unfolded only
in the final moments before it became apparent that Lehman was doomed. Could
this happen to Deutsche Bank?
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NOTICIAS EN SPANISH
La geopolítica del declive mundial de Estados
Unidos. Alfred W. McCoy. Washington versus
China en el siglo XXI
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Reclamando la soberanía de los pueblos frente a
la arquitectura de la impunidad. Gorka Martija. La II Cumbre UE-CELAC debate cómo
seguir articulando propuestas de resistencia y alternativa a los tratados de
comercio e inversiones
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Redibujando alternativas al capitalismo. Mateo Aguado y Carlos Benítez Trinidad. Entrevista a Alberto Acosta, economista y
político de Ecuador
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EE.UU. Kalief Browder, Albert Woodfox y la tortura del
confinamiento solitario. Amy Goodman, con la colaboración
de Denis Moynihan
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[ No existe el Estado
Islamico. Lo que existen son milicias mercenarias creadas y apoyadas por el
US-NATO y sus socios, para destruir la autonomía de dos Estados: Syria e Irak ]
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[ La crisis sistémica esta
en todas del mundo neoliberal. En Brazil lo que el imperio quiere es ahogar la
propuesta BRICS de unir el sur latino. Brazil, Chile y Peru acaban de firmar
pactos comerciales y financiaeros con China. Es el caso de la via férrea que uniría
el Pacifico con el Atlantico y que daría fin al lio entre Bolivia y Chile, además
de que conectaría a los paises amazónicos desde el sur peruano. El acoso contra
Brazil podría interrumpir estos proyectos … pero jamas podrá destruirlos .. la
unidad del sur es ya casi una realidad .. y hoy desde Chile empieza a serlo con
yuanes ]
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Colombia. Declaracion Politica XI Congreso Nacional de Fensuagro: Fortalecer la unidad y la resistencia popular
contra las politicas neoliberarles, de despojo y el capital transnacional
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[ La unidad se construye en la lucha y esta tiene un contenido estratégico
hemisférico. Es el rechazo al proyecto imperial conocido como neoliberalismo lo
que nos une. Los arribismos políticos internos deben ser denunciados y
depurados de la escena revolucionaria. Peru es un país estratégico para el imperio
como lo fue ayer para España y es casi seguro que en Peru se habrá de luchar la
batalla final contra el imperio en Sur Latino, como lo fue ayer Ayacuho con el
apoyo de Bolivar. El imperio ya tiene invadido el Peru con destacamentos
militares como el de Loreto y agencias CIA por todo lado. No es para menos, el
imperio depende del oro que el Peru produce. Los Benavides –ciudadanos peruano-americanos-
son sus agentes internos. Ellos se han apropiado de aguas y tierra de las
comunidades del norte y otras las han infestado con los deslaves de mercurio ..
son los culpables de la muerte lenta de pueblos enteros y del asesinato político de varios lideres
durante el gobierno pelele de Alan Garcia. Las empresas asesinas del imperio
siguen operando con impunidad en Peru aun cuando hoy se sabe que los pactos
firmados entre Peru y EU son ilegales según estándares USA ya denunciados. La SPCC
fue una empresa criminal que aun sigue cometiendo delitos como en Tia Maria.
Esta es la lucha que nos debe unir a todos los peruanos. Hay que cortar los tentáculos
del Imperio en Peru y re-editar el proyecto Inca de Velasco: crear un Estado
gestor similar a las SOES chino-rusas de lo que fuimos junto a Yugoaslavia sus
antecesores. De eso se trata, de crear un Estado fuerte que controle los
recursos estratégicos del país como el oro, el cobre y otros metales en alianza
50/50 con capital productivo venga de donde venga. Esta es la unidad en la
lucha que debemos construir. Lo demás, es comidilla de políticos oportunistas
que solo buscan la mamadera-senado de Estados pro-imperio ]
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RT &
RECENT SHOWS
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‘Profoundly FELICES: ‘He’s
smiling big’: First penis transplant recipient impregnates girlfriend
[ Estos rusos se pasaron: 1ro hicieron un trasplante de cabeza
a un ser humano y ahora cambiaron la de abajo … solo tienen fe en la ciencia ..
increíble pero cierto.. Ojala el niño se parezca a uno de los 2. Lo mejor de
esta noticia es que puedo viajar a Rusia
y conseguirme una 40tona porque las viejas que tengo aquí ya no funcionan ]
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RECENT
SHOWS in VIDEOS
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Sputnik. Episode
076 . what is worse UK arms trade or Transpacific Trade & Investment Partnership
TTIP?
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Watching
the Hawks. Increasing
inequality, shaking up salt, the Republican presidential circus & space
porn (E046)
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Off the
grid. ‘CIA
is full of smart men and women, but is run by lunatics’ – Torture whistleblower
John Kiriakou
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Going
Underground. CODEPINK’s
Medea Benjamin debates drones and detente and a White House advisor asks if we
should celebrate deflation (E219)
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Documentary. News Team.
Episode 117 . Putin THE PRESIDENT
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PRESS TV
‘Iran
oil imports highest since sanctions’. Sat Jun 13, 2015 The International Energy Agency says imports of
Iranian crude by other countries have reached their highest since sanctions
were imposed on Tehran.
[ DE forma que no
hubo necesidad de negociar con esos burocratas ,, y que espera Iran para
sacarlos]
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Greece
ready for 'difficult compromise'.
Sat Jun 13, 2015 Greece voices readiness to make new concessions in talks
over its bailout program.
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'ISIL
eyes natural resources in Afghanistan'. Sat Jun 13, 2015 An Afghan
official says ISIL is trying to take control of Afghanistan’s natural
resources.
[ El imperio esta
regresando a paises que tuvo que abandonar .. ahora a menor costo … con
mercenarios baratos pueden ahora ahorrar el envio de plastic-bags para nuestros
patriotas ]
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Chinese
hackers got sensitive US data. Sat Jun 13, 2015 The Chinese breach of
US government data revealed last week was wider than first acknowledged, US
officials said.
[ Who is hacking who? .. I guess both enjoy these games ]
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Hezbollah,
Syria army advance in Qalamoun. Sat Jun 13, 2015 Hezbollah fighters and
Syrian forces make new gains on the outskirts of the Syrian village of
Jarajeer.
[ They should train our military forces that admitted commit
many mistakes]
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