lunes, 15 de junio de 2015

JUN 15 SIT EC y POL



JUN 15 SIT EC y POL

ZERO HEDGE




The US is playing a dangerous game of nuclear brinkmanship. Robert Scher, undersecretary of defense, has even floated the idea of a nuclear first strike against Russia. Claiming that Russia has violated the INF Treaty by testing a banned ground-launched cruise missile, Scher laid out possible options in testimony before Congress...
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"Since the very beginning of the establishment of the G7, it has been a rich-man's club that consists of Western major powers and aims to maintain the collective hegemony of the US-led West. Whether the G7 will become a geopolitical tool or a Cold War relic largely depends on European countries. Unlike the US, Europe shares a closer geopolitical and economic links with Russia. If the G7 becomes a platform for the confrontation between the West and Russia, it will undoubtedly be a disaster for Europe."
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Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian loving money printers at the Fed have run out of propaganda to explain why Americans are not spending money they don’t have. The corporate mainstream media is now visibly angry with the American people for not doing what the Ivy League propagated Keynesian academic models say they should be doing. An economy built upon the consumption of iGadgets, Cheetos, meat lovers stuffed crust pizza, and slave labor produced Chinese baubles, along with the production of enough arms to blow up the world ten times over, and the doling out of trillions to the non-productive class, is doomed to fail.
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After a record $92.5 billion drop in March, "Belgium" sold another $24 billion in April, bringing the total liquidation to a whopping $116.4 billion for the months of March and April. This means that after adding mainland China's token increase of $2 billion in April after a $37 billion increase the month before, net of Belgium's liquidation China has sold a record $77 billion in Treasurys in the most recent two months.
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The serial bubbles of the 2000’s are nothing more than what was wrought of the 1920’s, in general. The monetary character of both is not coincidence, as the failures that bookend each of these ages induces the transformation: from monetary to fiscal and back to monetary again. That looks like progress and accountability, but in each it only leads to more extreme measures (relative to the last) to still achieve what Robert Owen and Karl Marx conceived more than a century and a half ago. That leads us to 2015 and what is certainly the ragged end of the eurodollar standard. The third socialist age was undone by August 2007, but that did not stop its proprietors of “eurodollar socialism” under the name “investor capitalism” from trying to rebuild and restore it to full capacity. The groundwork has already been laid, and it is exactly what you would expect given the history since 1907. There are no widespread details about a return to capitalism and sound money practices, only how to overcome the third installation of that timeless barrier thrown down in the collapse of each of the asset bubbles so far – value.

Part 1 is here, the history of defining systemic operation since 1907.
The quest over equality or the “right” to impose optimal outcomes is one that cannot go backward. The inevitable failures lead no duty to re-assess overall, but only the means by which the results are to be commanded.
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That has caused inordinate confusion about how to describe the past forty years or so; many, especially those that yearn for the second age, look to this third age as “capitalism”, including the very central bank practitioners themselves. That was in great part a response to Milton Friedman’s influence, but he failed to see that he was not leading marginal systemic reality back to free markets but instead cultivating the conditions to transfer socialist economic command back from fiscal to monetary.
A perfect example of this confusion is Paul Krugman.
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From Year 1 to today, Angus Madison, a British economist who specialized in measurement and analysis of economic growth and development, combined modern research techniques with his own extensive knowledge of economic history to estimate the historical spread of The Wealth of Nations...
See graphic : The Wealth of the Nation
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Nope, not ISIS... US ally Saudi Arabia just beheaded its 100th person of the year, as AFP reports, topping 2014's entire year's total of 97 already...
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"This is what happens when you let money run riot and you allow industries to police themselves. This is what happens when the rich and powerful are endlessly granted special privileges, celebrated and permitted or even encouraged to place themselves above the law. And this is what happens when ordinary people feel bored by and excluded from politics, largely because their voices matter so little..."
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"Starr alleges in its own right and on behalf of other AIG shareholders that the Government’s actions in acquiring control of AIG constituted a taking without just compensation and an illegal exaction, both in violation of the Fifth Amendment to the U.S. Constitution.... Having considered the entire record, the Court finds in Starr’s favor on the illegal exaction claim. As the Court noted during closing arguments, a troubling feature of this outcome is that the Government is able to avoid any damages notwithstanding its plain violations of the Federal Reserve Act. "
-  U.S. Court of Claims Judge Thomas Wheeler
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With both sides digging in and unwilling to budge, will Europe revert back to its strategy from day 1, namely creating a slow initially, then fast bank run in Greece, one which leads to gradual then sudden capital controls, resulting in civil discontent and disobedience and ultimately, a violent overthrow of the Greek government.
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Right now it’s pretty clear that the temperature is rising. People are starting to wake up to the fact that, when it really counts, they’re no more free than a medieval serf. They pay taxes at gunpoint. They have no access to real justice. And many of the most important aspects of their lives, from the value of their savings to their medical care to the way they’re allowed to educate their own children, are tightly controlled. If the surge in riots and anti-government violence is any indicator, it looks like history may be repeating itself. And we may soon be reaching our own Runnymede moment.
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Despite weeks of reassurances and repetitions that Grexit is "contained" - it's not! Bond spreads for Portugal, Italy, and Spain are blowing out (now up 35-50bps in the last 2 days). While Draghi desperately soaks up selling pressure, Spanish bond yields have surpassed US yields for the first time since October. But while bonds are turmoiling (Bunds/TSYS -5-7bps, everything else ugly), the real carnage is in Greece. Greek bank bonds are pushing to new record lows and the broad ASE is down over 13% from last week's exuberant surge when Greece was fixed again (based on a Reuters headline rumor).
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Just as we hinted earlier when we reported that the ECB may use the "nuclear option" on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting with a report that Eurozone countries have reached a Greek emergency plan which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend.
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Will The ECB Finally Use The Greek "Nuclear Option" This Wednesdsay?. Submitted by Tyler Durden on 06/15/2015

With both sides digging in and unwilling to budge, will Europe revert back to its strategy from day 1, namely creating a slow initially, then fast bank run in Greece, one which leads to gradual then sudden capital controls, resulting in civil discontent and disobedience and ultimately, a violent overthrow of the Greek government.
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Despite weeks of reassurances and repetitions that Grexit is "contained" - it's not! Bond spreads for Portugal, Italy, and Spain are blowing out (now up 35-50bps in the last 2 days). While Draghi desperately soaks up selling pressure, Spanish bond yields have surpassed US yields for the first time since October. But while bonds are turmoiling (Bunds/TSYS -5-7bps, everything else ugly), the real carnage is in Greece. Greek bank bonds are pushing to new record lows and the broad ASE is down over 13% from last week's exuberant surge when Greece was fixed again (based on a Reuters headline rumor).
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Our Phantom Economy. Submitted by Tyler Durden on 06/15/2015

Just as Rome in terminal decline had its phantom legions, we have a phantom "recovery," phantom democracy, phantom GDP and phantom unemployment rate.Those who believe that phantom recoveries and phantom metrics can be substituted for reality are in for a shock in the next downturn.
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With talks between Greece and creditors at what appears to be an intractable stalemate, Germany's EU Commissioner warns that a "state of emergency" could leave Greeks without energy and medicine. Meanwhile, PM Alexis Tsipras has pledged to defend democracy "in the place where it was born."
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Submitted by Tyler Durden on 06/15/2015 - 07:22
  • Tsipras Hardens Greek Stance After Collapse of Talks (BBG)
  • Obama Fights to Save Trade Bill (WSJ)
  • German Stock Market Pain Seen Just Beginning Should Greece Exit (BBG)
  • Russia to boost forces in western flank if U.S. stations arms in east Europe (Reuters)
  • Lab Nears Settlement Over Pricey Medicare Drug Tests (WSJ)
  • China's $358 Billion in Margin Loans Points to Next Bear Market (BBG)
  • Draghi Faces EU Court Ruling on 2012 Bond Plan as Greece Teeters (BBG)
  • Sex, lies and debt potentially exposed by U.S. data hack (Reuters)
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European shares remain lower, close to intraday lows, with the banks and autos sectors underperforming and food & beverage, retail outperforming. Tsipras hardens Greek stance after collapse of bailout talks. The Italian and Swedish markets are the worst-performing larger bourses, the U.K. the best. The euro is weaker against the dollar. Greek 10yr bond yields rise; Spanish yields increase. Commodities decline, with copper, nickel underperforming and natural gas outperforming. U.S. Empire manufacturing, net TIC flows, NAHB housing market index, industrial production, capacity  utilization due later.
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The narrative being sold through the media is that Greece is to blame, that German taxpayers are on the hook for Greek debts (while they’re really on the hook for German banks’ losing wagers). And that is, no matter how you twist it, not the same story. It’s again just a narrative. Brussels is toxic - and so is the IMF - and Greece should leave as soon as possible, as should Italy, Spain, Portugal. We should all resist the spin-induced attempts to demonize Putin, Athens and China any further, and instead focus on the rotten apples in our own basket(s). In short, the propaganda we should be worried about is not Russia’s, it’s our own. And it comes from just about every news article we’re fed. We’re much less than six degrees removed from Orwell.
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The world is already almost completely fascistic. The fact that these ‘trade’ deals are being pushed right now, means that the people who are in power have concluded that, already, ‘the free world’ is so dictatorial, that the chances that their plan can now be imposed globally are about as good as is likely ever to be the case again. The time is ripe for them to establish a global corporate dictatorship. The political money this year will be flowing like never before.

U.S. President Barack Obama has for years been negotiating with European and Asian nations — but excluding Russia and China, since he is aiming to defeat them in his war to extend the American empire (i.e, to extend the global control by America’s aristocracy) — three international ‘trade’ deals (TTP, TTIP, & TISA), each one of which contains a section (called ISDS) that would end important aspects of the sovereignty of each signatory nation.

Obama treason n.1: Obama one single payer health insurance
Obama treason n.2:  Demolishing democracy & total corruption

The U.S. was discovered to be, and long to have been, a dictatorship, in which the people who are not in the richest 10% have no impact whatsoever on the nation’s policies. A brief video above accurately summarized that study (by Gillens and Page) and explained why its findings are that way.
The world is already almost completely fascistic. As I previously reported, it really, truly, is the case that the “World’s Richest 80 People Own Same Amount as World’s Bottom 50%.”

The fact that these ‘trade’ deals are being pushed right now, means that the people who are in power have concluded that, already, ‘the free world’ is so dictatorial, that the chances that their plan can now be imposed globally are about as good as is likely ever to be the case again. The time is ripe for them to establish a global corporate dictatorship. The political money this year will be flowing like never before.  

 [ TOO LATE .. A NEW WORLD ORDER IS EMERGING LEAD by BRIGS & RU-China – India-LA]
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NEWS IN SPANISH

EE.UU.  Violencia policial contra los nativos americanos. David Correa. Asesinos de indios
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Chile. La derecha al banquillo. Manuel Salazar S. Fiscalía acusa al consorcio Penta-UDI
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América Latina, Unión Europea Declaración de Bruselas
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América Latina, Unión Europea Declaración Final de la Cumbre de Los Pueblos
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RT-SPUTNIK  NEWS & LATEST VIDEO SHOWS


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PRESS TV

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'Lame duck' Obama fights for trade deal . Mon Jun 15, 2015 US President Barack Obama is fighting to persuade Congress to pass a bill that would expand trade between the US and Pacific rim countries.
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Global stocks down amid Greece fears. Mon Jun 15, 2015 Global stocks have fallen after aid-for-austerity talks between Greece and its creditors collapsed.
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Israel denies UN investigator Gaza entry. Mon Jun 15, 2015 Israel blocks the UN rights envoy from Gaza as the world body is to report on the Israeli war.
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UN chief urges 2-week pause for Yemen. Mon Jun 15, 2015 UN Secretary-General Ban Ki-moon calls for a two-week humanitarian pause in war-ravaged Yemen during the fasting month of Ramadan.
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US advancing ‘hegemony by nukes’. Mon Jun 15, 2015 The US nuclear arms are cornerstone of its policies based on which it advances hegemony, an analyst says.

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