JUN23 SIT EC y POL
ZERO HEDGE
CNN
Goes There: Asks If Thomas Jefferson Memorials Should Be Removed Because He Owned
Slaves?. Submitted by Tyler
Durden on 06/23/2015
As the Confederate Flag hysteria escalates, CNN's Ashleigh
Banfield asks fellow CNN mouthpiece Don Lemon if it’s now appropriate for
lawmakers to start a future conversation about whether or not the monument of
Thomas Jefferson should be removed from the U.S. Capitol. As
DailySurge notes rather eloquently, Banfield is foolish to conflate the
Confederate flag with a Thomas Jefferson memorial; but we fear the stupid
won’t be receding anytime soon.
[ El liberalism que
los “founders fathers” construyeron aún no ha concluido y ya queremos borrarlos de la memoria porque el neoliberalismo de hoy no funciona. Lo grave es que queremos empezar nada menos con el mas sabio de ellos, con el que advirtió de los peligros que
acechan si no se frena el greed de los banqueros y especuladores. .. El pretexto
para borrar a Jefferson de la memoria historica es que en el no hubo consistencia entre lo que dijo y lo que hizo .. quizá
sea cierto que lo dicho a la nación no coincida con lo que personalmente
el vivio pues tenia esclavos en casa ... pero también es cierto que el tuvo que vivir ese mundo para poder
criticarlo y mas cierto aun que entre esos esclavos no habia nacido ningún Espartaco
que asumiera la tarea de liderar la tarea de liderar la insurreccion .. No estaban listos para asumir por cuenta propia ese desafió histórico y si lo
asumÃan quizá no le habrÃan cortado la cabeza a Jefferson.. quiza solo la cabeza de los enemigos de
Jefferson … Para nosotros podamos asumir nuestra responsabilidad frente a la historia .. no tenemos
que ir atrás y revisar lo que ocurrio .. que de eso se encarguen los
historiadores honestos.. Lo que tenemos
que hacer es revelarnos contra los actuales dueños del poder y sus bufones en
el gobierno .. No hay ninguna
coincidencia entre lo que dicen los gobernantes y los que hacen sus amos .. los
que los financiaron y hoy controlan no solo lo que dice el mandatario .. sobre
todo lo que el hace. .. Para asumir nuestra responsabilidad historica necesitamos preguntar quienes son los que hoy se
benefician del guerrerismo imperial y quienes somos los perjudicados internos de
ello … por allà debe empezar nuestra crÃtica a lo que dicen y hacen los
duenios del poder.. Y miremos también quienes son los candidatos que se apuntan
para reciclar y venerar el status quo de la injustica, el saqueo, el fraude y
la corrupción ]
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Keeping
Government Bureaucrats Off the Backs Of The Citizenry: The Supreme Court
Responds. Submitted by Tyler
Durden on 06/23/2015
In one swoop, on June 22, 2015, a divided U.S. Supreme Court
handed down three consecutive rulings affirming the right of raisin
farmers, hotel
owners and prison
inmates. However, this push back against government abuse, government
snooping and government theft only came about because some determined citizens
stood up and took a stand against tyranny. Whether these three rulings will
amount to much in the long run remains to be seen. That said, if “we the
people” don’t keep pushing back, standing up, and holding government officials
accountable to the rule of law, these victories will do little to keep
government bureaucrats off the backs of the American citizenry.
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Ron
Paul Warns Seizure Of Russian Assets Will Hasten Dollar Demise. S-by Tyler
Durden on 06/23/2015
Thus far the Russian response has been incredibly
restrained, but that may not last forever. Continued economic pressure from the
West may very well necessitate a Sino-Russian monetary arrangement that will
eventually dethrone the dollar. The end result of this needless bullying by
the United States will hasten the one thing Washington fears the most: a
world monetary system in which the US has no say and the dollar is relegated to
playing second fiddle.
[ Lo que
ha hecho el imperio es una abierta declaración de Guerra contra Rusia … el tema
esta aun al nivel de intenciones … cuando eso se ejecute en la realidad …
veremos como la responde Russia .. por supuesto que ellos no van a dejar que
este precedente abra camino a posteriores asaltos .. ]
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The
World's Exposure To China In 6 Easy Charts. Submitted by Tyler
Durden on 06/23/2015
UBS concludes: "However, with China's property
construction deceleration set to deepen this year in a multi-year slowdown, we
may see a longer-term decline in China's appetite for foreign industrial
imports."
In other words, when
China lands hard, so do the rest of us.
[ Cualquier cosa que
se diga de la economÃa de China debe ser tomada con pinsas y guantes .. como ocurre con los médicos en un
quirófano .. una ligera contaminación y una mala incisión podrÃan ser fatales …
Lo cierto es que China no necesita del oeste para poder existir .. nosotros si
necesitamos de que su economÃa no caiga .. Tiempo atrás, ellos lo evitaron al construir
su great Wall.. hoy también podrian cerrar
puertas con sus aliados.. los de pacto Shangai y con Rusia y sus aliados. .. Al
nivel militar la cosa es diferente .. Aquà no bastarÃa con cerrar puertas..
aquà tendrian que responder como lo hicieron en la guerra de VietNam .. Cuando China
ingreso a esa guerra sus emisarios Guyen von Giap y Ho Chi Min se
encargaron de decretar la derrota del imperio … Las armas de hoy son diferentes
y sin duda los Chinos y Rusia podrÃan también responder al imperio y con
efectividad decretar una nueva derrota ..definitiva
.. que seria la final del imperio.. Todo está hoy al nivel de intenciones .. y las buenas o malas intenciones no sirven
para juzgar un evento en proceso .. Lo que si conviene explorar son los lÃmites y alcances del MAD
Mutual Assurance Destruction .. que es
los aun limita el estallido de un conflicto nuclear .. so far so good para los
que negocian con el chantaje nuclear y con las guerras regionales … pero eso
tiene lÃmites ]
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Former
Obama Jobs Tzar Immelt Threatens To Offshore GE Jobs If Ex-Im Bank Bill Expires Submitted by Tyler
Durden on 06/23/2015
[No solo amenazan
con irse .. se están yendo, es lo cierto.
Ellos se van y nosotros nos quedamos .. hasta que podamos .. ]
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Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers. S- by Tyler Durden on 06/23/2015
Why
will the IMF throw up all over the latest Greek proposal in just two
numbers? Here is the answer, courtesy of Kathimerini: The proposals contain 7.9
billion euros of measures, of which 7.3 are from increases to tax and
social security contributions.
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US,
China Deploy Cold War Code In Maritime Standoff As Pentagon Warns Of Chinese
Air Threat. Submitted by Tyler
Durden on 06/23/2015
“I expect that we may have a similar encounter because
we’re operating in this part of the world,” US Naval Commander Rich Jarrett
tells Bloomberg, referencing the likelihood of a maritime confrontation between
the US and China. Meanwhile, the Pentagon is concerned that Beijing is
"closing the gap" when it comes to air and space technology.
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The
Fattening Of America: Obesity Rates Hit Record High, Doctors Blame Cars &
Poverty.Submitted by Tyler
Durden on 06/23/2015
74% of American men are either overweight or Obese (up
from 63% in 1994) according to a new report using data from the National
Health and Nutrition Examination Survey. As
MSN reports, the researchers exclaim "obesity is not getting better.
It's getting worse, and it's really scary. It's not looking pretty,"
warning that America's "car dependence" and poverty
("processed and fast foods are less expensive") are to blame and
America's weight problem is an issue that will not be resolved through a purely
medical solution. "This generation of Americans is the first that
will have a shorter life expectancy than the previous generation."
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The
Ultimate Moral Hazard: 70% of Greek Mortgages Are In Default. Submitted
by Tyler Durden on 06/23/2015
Just
as we warned earlier in the year, total uncertainty about the future of
Greece has enabled a growing sense of moral hazard as "if the nation
doesn't pay its debt, why should we" sweeps across the troubled
nation. As Greeks' tax remittances to the government, which were almost
non-existent to begin with, have ground to a halt, so
The FT reports, so-called 'strategic defaults' have become a way of life
among Greece's formerly affluent middle-class..."I still owe money
on the car and motorboat I can’t afford to use. Even a holiday loan I’d
forgotten about...I’m living with my mother looking for work and waiting for
the bank to come up with another restructuring offer."
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Russia
Fed Up With US "Lecturing" As Pentagon Deploys 250 Tanks To Eastern
Europe. Submitted by Tyler
Durden on 06/23/2015.
"If they want to lecture us on democracy building, let
them lecture students at some American university," Russia’s Commissioner
for Human Rights, Democracy and the Rule of Law Konstantin Dolgov said Tuesday,
regarding the collapse of a bilateral arrangement struck in 2009 between Moscow
and Washington. Fortunately for Dolgov, it doesn't appear as though he, or any
other Russian diplomats for that matter, will be forced to endure a
"lecture" on democracy from the US anytime soon because as the
positioning of 250 Bradleys and self-propelled howitzers, and associated
armored brigade combat team equipment" in Eastern Europe makes clear, the
time for dialogue of any kind has long since passed.
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If
Greece Defaults, Will The Fed (& US Taxpayers) Bailout Europe?. S-by
Tyler
Durden on 06/23/2015
With
The IMF (and Germany to a less extent) apparently peeing in the Greek Deal pool,
perhaps it is worth considering what happens next if this "Greece is
rescued" deal is not done. Who can save Greece? Who will pay The IMF? Why,
that's simple, the good ol' American taxpayer thanks to The Fed's lifeline...
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The
Unspoken Tragedy In The Upcoming Greek Bailout. Submitted by Tyler Durden
on 06/23/2015
Of this touted €35 billion in bailout funding which Greece finally
admitted it will cross "red lines" to obtain, the country will be
lucky to pocket a little over €3 billion. However, considering that is how much
the Greek government has already extracted out of various public pensions and
municipalities as part of its quasi-capital controls unrolled previously to
preserve the illusion of solvency, after the hard fought "deal"
finally is inked, the Greek population will be left with... €0.
…
A day after Tsipras stunned both his peers at the Eurogroup
summit, and not to mention his fellow parliamentarians, many of which already
voiced their opposition to what has been dubbed a "capitulation" by
the Greek prime minister over threats of a financial system collapse if there
is no deal within the week, many questions remain:
- will the Troika come back with even more demands such as boosting the hotel and restaurant VAT even higher (economic suicide for a nation where tourism is the only viable industry)?
- will the IMF concede that the Greek proposal will ever be sufficient if it does not incorporate the demanded pension cuts?
- will the deal pass Greek parliament; will a deal come too late to save the insolvent Greek banks?
- will Greece get a debt haircut (paradoxically as demanded by the same IMF which is also demanding spending cuts instead of tax hikes, over the objections of the ECB which holds the vast majority of Greek debt and is leery of impairments)?
- will the German parliament agree to validate any deal that may end up splitting Syriza in two or more factions?
While stock markets are convinced a deal is inevitable,
after all the can must be kicked as it has been for the past five years...
…
The litany continues, and yet, somehow, we expect that in
the next 48 hours, the machinery will be again in motion to kick the can once
again for third time.
What happens then is basically a precursor to a third
bailout package, one
which according to previous reports, will be about €35 billion if and
when a deal gets done.
…
What isn't, or perhaps merely needs refreshing, is assuming
all of the above is resolved in a satisfactory matter, what will be the use
of funds of this latest and greatest bailout of Greece.
Sadly, the answer is also well known. We showed it
first back in 2011 when we asked, rhetorically, "where does the Greek bailout money go?"
So for those who don't recall, here is a refresher from Macropolis,
which a few months ago showed that of the €226.7 billion euros disbursed to
Greece since the first Greek bailout, an equivalent to almost 125% of Greece
2014 GDP, "the combined allocation to the Greek state’s operating needs
was just 11 percent of the total funding, at circa 27 billion euros."
…
Which means that of this widely touted €35 billion, Greece
will be lucky to pocket a little over €3 billion. However, considering that is
how much the Greek government has
already extracted out of various public pensions and municipalities as part
of its quasi-capital controls unrolled previously to preserve the illusion of
solvency, after the hard fought "deal" finally is inked, the Greek
population will be left with...
€0.
And that, sadly, is the unspoken tragedy in the upcoming
Greek bailout. Because while it is one thing to bend over backwards to Troika
interests if one at least gets something out of the deal, we completely fail to
see why the Syriza government is risking its entire reputation, and doing what
it is doing when in the end the Greek population which elected the
"radical leftist" party with such wild hope and optimism has
absolutely nothing to show for it.
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Corporations
Win Again: Senate Passes Obamatrade Fast-Track Bill. Submitted by Tyler
Durden on 06/23/2015
Ten days ago it seemed as if America's corporatism would
finally be slowed in its tracks after the House unexpectedly killed the
fast-tracking of Obamatrade, aka the fast-tracking of the Trade Promotion
Authority. Alas, it was not to last, and moments ago, in a
"nailbiting" 60-37 vote, the Senate advanced Obama's fast-track tarde
bill.
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Facing
"Full Blown Crisis", Bank Of Greece Enlists Security Firm To Ensure
ATMs Stay Stocked. Submitted
by Tyler Durden on 06/23/2015.
The Bank of Greece
has been hard at work with securities services firm G4S over the past two weeks
coordinating an unprecedented effort to keep the country's ATMs stocked amid
billions in withdrawals. Although the situation has become
"critical", G4S notes that it hasn't had to enlist military
assistance -- yet.
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Collapse,
Part 2: The Nine Dynamics Of Decay. by Charlkes Hugh-Smith of OfTwoMinds blog Submitted
by Tyler Durden on 06/23/2015 [ Here some
extracts of this art ]
Rome didn't fall
so much as erode away. That's the template for collapse. While collapse may be sudden, the decay
that generated the collapse had been rotting away the foundation for years or
decades.
In distilling the
vast literature on collapse into nine dynamics, I am drawing upon many other
authors' work, including:
---
Here are the nine dynamics of decay that lead to
collapse:
1. complacency and
intellectual laziness
2. profound
political disunity
3. rise of
unproductive complexity
4. those bearing the
sacrifices opt out/quit
5. decay of effective
leadership
6. rise of bread
and circuses social welfare and entertainment to distract/placate
restive citizenry
7. decline of
wealth-producing capacity--status quo living off financial trickery
8. sclerosis--status
quo controlled by vested interests
9. resource
depletion/environmental damage
All of these dynamics are currently in play around the
globe.
…
Rome didn't fall so much as erode away, its many
strengths squandered on in-fighting, mismanagement of resources, complacency
and personal aggrandizement/ corruption. That's the template for collapse, and you see it in every status
quo globally.
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But it was all
looking so great based on the market's all-knowing discounting mechanism of
idiot algos. Despite
Merkel's comments on "no discussion of restructuring" and Schaeuble's
dysphoria over the proposals, a Greek Minister's overconfident "Greece
is rescued" comment is about to be crushed by Lagarde's heavy hand:
IMF DISAGREES WITH GREECE ON CORPORATE TAX, VAT AND
PENSIONS - EU SOURCES
Yeah - but as they
say - apart from that The IMF loved the Greek Proposal!?
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"The
End Of The Road" - Debt-Funded Buyback Boosts Are Finite. Submitted by Tyler Durden on 06/23/2015
The problem for investors is that inorganic measures to
boost profitability, like cost-cutting, wage suppression, layoffs, and stock
buybacks, are finite in nature. Eventually,
these options are exhausted. There are only so many employees that can be
terminated, wages can only be suppressed for so long, and there is a finite
number of shares that can ultimately be repurchased from shareholders. The
question that investors need to be asking is what happens when companies
inevitabilty reach "the end of road." Importantly, with the Fed
determined to begin hiking interest rates, despite weak economic data, the end
may be nearer than most are currently expecting.
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Alexis
Tsipras - Angel Of Mercy Or "Trusty" Of The Central Bankers' Debt
Prison?. Submitted by Tyler Durden on 06/23/2015
Greece, Europe and the world are being crucified on a
cross of Keynesian central banking.
The latter’s two-decade long deluge of money printing and ZIRP has generated a
fantastic worldwide financial bubble, and one which has accrued to just a tiny
slice of mankind. That much is blindingly evident, but there’s more and it’s
worse. The present replay of high noon on Greece’s impossible mountain of debt
clarifies an even greater evil. Namely, that the central bank printing presses
have also utterly destroyed the fundamental requisite of fiscal democracy.
To wit, in the modern world of massive, interventionist welfare states, fiscal
governance desperately needs an honest bond market.
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A
New Problem For Greece Emerges: How To Do the Russian "Unpivot" After
Capitulating To The Troika. Submitted
by Tyler Durden on 06/23/2015
While Greece is
collectively scratching its head why Tsipras et al were at loggerheads
with Europe for 4 months, during which time the Greek economy entered a
recession and saw its banks not only depleted of all cash but become de facto
wards of the ECB, just to reach an "agreement" that could have taken
place back in February, and attention shifts to just how Tsipras will pass last
night's impromptu capitulation through hard-line leftist parliamentarians,
Greece now has another problem: how to unpivot the aggressive
pivot toward Russia in the past few months, which culminated with the signing of an energy deal last week in St. Petersburg.
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Tsipras
Faces Party Revolt In Bid To Push Debt Deal Through Parliament. S- by Tyler Durden on 6/23/15
With an agreement in
principle on the table, Greek PM Alexis Tsipras now turns his weary eyes
towards Syriza party hardliners whose support he will need in order to pass the
new deal through parliament. Should the political stalemate prove
intractable, Greece may need to call a referendum or snap elections.
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- Greek offer to creditors runs into angry backlash at home (Reuters)
- Tsipras Seeks to Stave Off Greek Defections Over Aid Plan (BBG)
- Austria finmin says no agreement on Greek proposals without concrete plan (Reuters)
- Another ELA raise, this time under €1 billion: ECB raises emergency funding for Greek banks (Reuters)
- Greek energy, foreign ministers divided on Russia gas deal (Reuters)
- China’s Plan for Local Debt Amounts to a Bailout (WSJ)
- Key Democratic senators back plan for trade legislation (Reuters)
- South Carolina Governor: Time to Furl Flag (WSJ)
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
China Syndrome.
By Mike Whitney
The “show of force” drills are designed to harass and
intimidate China. They have no other purpose.
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NATO-Russia
Collision Ahead? . By Patrick J. Buchanan
Congressional hawks are primed to show Putin who is
truly tough.
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Thus far the Russian response has been incredibly
restrained, but that may not last forever.
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‘The
American Century’ Has Plunged the World Into Crisis. What Happens Now?.
By Conn Hallinan and Leon Wofsy
U.S. foreign policy is dangerous, undemocratic, and
deeply out of sync with real global challenges. Is continuous war inevitable,
or can we change course?
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Europe's
Malpractice of Greece. By
James K. Galbraith .
The Greek patient
is in a bad way and needs a potent remedy to make a swift recovery, but
Europe's financial hospital seems to have forgotten its Hippocratic Oath.
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Greek People Demand Their Own Destruction. By Paul Craig Roberts
The utter
stupidity of populations makes them helpless at the hands of the rapacious.
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America’s Slave Empire. By Chris Hedges
It is no different
in the slave empire of prisons. They use brutality to hold it together.
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NOTICIAS EN ESPAÑOL
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