JUL 22 SIT EC y POL
ZERO HEDGE
11
Signs That America Has Already Gone Down The Toilet. by
Michael Snyder via The End of The American Dream blog. Submitted
by Tyler Durden
on 07/22/2015
We like to think that we are an “example” to the rest of the
world, but the only example that we are setting is a bad one. The following are
11 signs that America has already gone down the toilet…
#1 All over
the United States, the body parts of aborted babies are being bought and sold,
and the U.S. government gives the organization at the heart of this sick
“industry” hundreds of millions of dollars a year. This week, another
incredibly shocking undercover video has been released which has given us even
more evidence of what
Planned Parenthood is really up to…
#2 Just a few
days ago, we learned that hackers had stolen personal information from 37
million users on an
adultery website known as Ashley Madison… The big story here is
not the hacking. Rather, the big story is the fact that 37 million of us have signed up to participate on a website that
facilitates adultery.
#3 Rates of violent crime are increasing by double digit percentages in many
major U.S. cities in 2015, and some of the crimes being committed are almost
too horrible to talk about. Just consider the following example which
comes from the Daily Mail… Incredibly, these
gang rapes barely made a blip on the news here in the United States.
There are so many similar crimes taking place all around us that there is
nothing really “unusual” about these horrific rapes.
#4 Under the Obama administration, our federal
government has become absolutely obsessed with political correctness and is
spending money in some of the most bizarre ways imaginable. For instance,
the feds recently spent $125,000 “to
study adjectives that could be perceived as sexist or racist“.
#5 Speaking of pouring money down the toilet, the Obamaphone
program is a perfect example. It turns out that all you have to do to get
a free cellphone from the federal government is to
show them someone else’s food stamp card…
#6 Meanwhile, the government doesn’t even want to
talk to normal, hard working citizens that just need a few questions answered.
According to a report that was just released, the IRS hung up on 8.8 million taxpayers that
called in looking for help during this most recent tax season.
#7 The federal government has made it exceedingly
difficult for law-abiding people to immigrate to this nation legally, but
meanwhile they have left our borders completely wide open and have actively encouraged
people to immigrate illegally. As a result, large numbers of criminals,
drug dealers, gang members and welfare parasites have come pouring in.
According to one recent report, 2.5 million illegal immigrants have
entered this country while Barack Obama has been in the White House… And honestly, that 2.5 million number is
probably on the low side. These illegal immigrants are committing some of
the most horrible crimes imaginable, and if you doubt this, just read this article.
#8 Our society is being transformed into what I like
to call “a Big Brother police state control grid”. Just a few days ago,
we learned of another example of this phenomenon. The following comes
from the New York Post… What is truly sad is that so few Americans
are actually upset that virtually everything we do is being watched, tracked
and monitored. For much more on all of this, please see this article.
#9 Just recently, I authored a piece which railed about the fact
that the average American citizen spends more than 10 hours a day
plugged in to some form of media…. Sadly, what most people don’t realize is
that more than 90 percent of the “programming” that is being continually pumped
into our brains through these various media outlets is controlled by
just six absolutely enormous media corporations.
#10 At the same time that the elite are endlessly
pumping their twisted messages into all of our minds, they are becoming
increasingly obsessed with controlling what the rest of us say. In one recent article, I explained how support for “hate
speech laws” in America is rapidly growing. Today, 51 percent of all Democrats support
these kinds of laws, and it is only a matter of time before liberal politicians
start pushing really hard for the same kind of hate speech laws that have
already been implemented in Europe and Canada
#11 On top of everything else, we have been stealing more
than 100 million dollars an hour from future generations of Americans since
Barack Obama entered the White House. … In a frenzy of insatiable greed, we
have been taking trillions of dollars that belong to our children and our
grandchildren and spending it ourselves. When you break it down, it comes
to more than 100 million dollars every single hour of every single day.
This is a crime of unimaginable proportions, and if we lived in a just society
a whole bunch of our “top politicians” would be going to prison for this.
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Obama's
Minimum Wage Utopia Just Hit A Brick Wall. Submitted by Tyler
Durden on 07/22/2015
Who could have possibly seen this coming? Almost
three years we first detailed how America has become an entitlement nation
where "work is punished." It appears President Obama is about
to discover this first hand as his populist 'raise the minimum wage' strategy
is showing yet another major unintended consequence. On the same day as New
York acts to mandate a $15 minimum wage for fast food workers, Seattle's $15
minimum wage law - which is supposed to lift workers out of poverty and off
public assistance - has hit a snag. As Fox News reports, evidence is
surfacing that some workers are asking their bosses for fewer hours as their
wages rise – in a bid to keep overall income down so they don’t lose public
subsidies for things like food, child care and rent. So not only is work
'punished' it is now 'disinentivized by mandate' as part-time America toils
amid ever-rising costs of living.
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Greek
Lawmakers Clear The Way For Formal Bailout Discussions. by Tyler
Durden on 07/22/2015
As expected, the Greek parliament has approved a second
set of prior measures, clearing the way for formal discussions on a third
bailout program for the debt-stricken country. 36 Syriza lawmakers did
not support the bill.
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A
Middle-East Game Of Thrones. Submitted by Tyler
Durden on 07/22/2015
As President Obama’s nuclear deal with Iran is compared to
Richard Nixon’s opening to China … Yet both moves, seen as betrayals by old
U.S. allies, were born of a cold assessment in Washington of a need to shift
policy to reflect new threats and new opportunities. Several events contributed
to the U.S. move toward Tehran.
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12 Ways The Economy Is In Worse Shape Now Than During The Depths Of The Last Recession. by Michael Snyder via The Economic Collapse blog. Submitted by Tyler Durden on 07/22/2015
When we discuss an
"economic collapse," most people think of a collapse of the financial
markets; and without a doubt, one is coming very shortly. But let us not
neglect the long-term economic collapse that is already happening all around
us. If you stand back and take a broader view of things, what has been
happening to the U.S. economy truly is quite shocking. The following are 12
ways that the U.S. economy is already in worse shape than it was during the
depths of the last recession...
…
#1 Back in 2008, 18 percent of all Americans kids were
living in poverty. This week, we learned that number has now risen to 22 percent…
#2 In early 2008, the homeownership rate in the U.S.
was hovering around 68 percent. Today, it has plunged below 64
percent.
#3 While Barack Obama has been in the White House,
government dependence has skyrocketed to levels that we have never seen
before.
#4 On the chart below, you can see that the U.S.
national debt was sitting at about 9 trillion dollars when we entered the last
recession. Since that time, the debt of the federal government has
doubled.
#5 During Obama’s “recovery”, real median household
income has actually gone down quite a bit. Just prior to the last recession, it was above $54,000 per year,
but now it has dropped to about $52,000 per year…
#6 Even though our incomes are stagnating, the cost of
living just continues to rise steadily.
#7 In a
healthy economy, lots of new businesses are opening and not that many are being
forced to shut down. But for each of the past six years,
more businesses have closed in the United States than have opened.
Prior to 2008, this had never happened before in all of U.S. history.
#8 Barack
Obama is constantly telling us about how unemployment is “going down”, but the
truth is that the percentage of working age Americans that are
either working or considered to be looking for work has steadily declined since
the end of the last recession…
#9 Some have
suggested that the decline in the labor force participation rate is due to
large numbers of older people retiring. As you can see below, the
percentage of males between the ages of 25 and 54 that aren’t working and that
aren’t looking for work has surged to record highs since the end of the last
recession…
#10 A big
reason why we don’t have enough jobs for everyone is the fact that millions
upon millions of good paying jobs have been shipped overseas. At
the end of Barack Obama’s first year in office, our yearly trade deficit with
China was 226 billion dollars. Last
year, it was more than 343 billion
dollars.
#11 Thanks to all of these factors, the middle class
in America is dying. In 2008, 53 percent of all Americans considered themselves to be “middle
class”. But by 2014, only 44 percent of all Americans still
considered themselves to be “middle class”.
#12 The velocity of money is a very important
indicator of the health of an economy. When an economy is functioning
smoothly, people generally feel quite good about things and money flows freely
through the system. .. But when an economy is in trouble, the velocity of money
tends to go down. As you can see on the chart below, a drop in the
velocity of money has been associated with every single recession since
1960. So why has the velocity of money continued to plummet since
the end of the last recession?…
So as bad as things are now, the truth is that this is
just the beginning of the pain.
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US
Government Reinstates Arm Sales To Bahrain Despite Rampant Human Rights Abuses. Submitted
by Tyler Durden
on 07/22/2015
One of the many destructive myths Americans like to tell
themselves is that the U.S. government is a staunch defender of human rights
and democracy around the world. In reality, nothing could be further from
the truth.
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$900
Million Payday Is Billionaires' Reward For Crushing Twinkie-Maker's Labor
Unions. Submitted by Tyler
Durden on 07/22/2015
After investing $410 million in March 2013, two
billionaires are about to make a $500 million return an investment they have
held just over two years, with the blessing of a whole lot of debt investors. And
all they had to do was pick up the carcass of a company which did nothing more
than crush its unions.
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"Far Worse Than 1986": The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says. Submitted by Tyler Durden on 07/22/2015
After investing $410 million in March 2013, two
billionaires are about to make a $500 million return an investment they have
held just over two years, with the blessing of a whole lot of debt investors. And
all they had to do was pick up the carcass of a company which did nothing more
than crush its unions.
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Greece
Isn't The Problem; It's A Symptom Of The Problem. Submitted by Tyler
Durden on 07/22/2015
All eyes may be on Greece right now, but in reality, the
economic malaise is widespread across the continent. It’s clear that
Greece is not the problem. It’s a symptom of the problem. The real
problem is that every one of these nations has violated the universal law of
prosperity: produce more than you consume. This is the way it works in
nature, and for individuals.
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Humpday
Humor: Truth Is Stranger Than 'The Onion'. Submitted by Tyler
Durden on 07/22/2015
[ Not only that.. apenas concluyo el acuerdo US-IRAN ++ .. the
US and the Britts –re-started de bombing of Syria.. exactly what Israel and the Saudis wanted … Who will be the next
target? Of course Iran. They got the Info they wanted to start the
invasion of Syria ]
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China
Just Started Nationalizing Its Stock Market. Submitted by Tyler
Durden on 07/22/2015
According to China
Daily, the "recent overweighting to stem A-share plunge has made
China Securities Finance Corp (CSF), central bank-backed refinancing
institution, among top 10 shareholders of many listed-firms, reported
Securities Times on Wednesday."
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Nine
Reasons Why Low Oil Prices May "Morph" Into Something Much Worse.
Submitted by Tyler Durden on 07/22/2015. The Future will not be like the Past
Why are commodity prices, including oil prices, lagging?
Ultimately, it comes back to the question, “Why isn’t the world economy
making very many of the end products that use these commodities?” If
workers were getting rich enough to buy new homes and cars, demand for these
products would be raising the prices of commodities used to build and operate
cars, including the price of oil. If governments were rich enough to build an
increasing number of roads and more public housing, there would be demand for
the commodities used to build roads and public housing. It looks to me as
though we are heading into a deflationary depression, because prices of
commodities are falling below the cost of extraction. We need rapidly rising
wages and debt if commodity prices are to rise back to 2011 levels or higher.
This isn’t happening.
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In
Case You Needed Any More Proof That There Is No Bond Market Liquidity Left....
Submitted by Tyler Durden on 07/22/2015
Here are just two anecdotes to confirm that not virtually
nobody is left to trade bonds any more (as confirmed by the plunging FICC
revenues reported by the big banks in Q2), but the reason for this is that
there is no bond market liquidity left, a topic extensively covered here for
the past 3 years.
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Ongoing
Greece Deposit Run Forces ECB To Boost Greek ELA Ceiling Yet Again. Submitted
by Tyler Durden on 07/22/2015
Despite the
imploring of Greek bankers for Greeks to "take your money out of
your chests and houses – which are not safe in any case – and deposit at
banks," it appears the Greek bank deposit run continues. As The ECB
just announced another €900 million increase in Emergency Liquidity Assistance,
strongly suggesting that in the 2 days since the last increase, banks are once
again insolvent facing a liquidity crunch as the "banks are
trustworthy" propaganda falls on very deaf Greek ears.
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Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression. by Tyler Durden on 07/22/15
There has now been an unprecedented 31 consecutive months
of CAT retail sales declines. This compares to "only" 19 during
the near systemic collapse in 2008. In other words, if global demand for
heavy industrial machinery, as opposed to unemployed millennials' demands for
$0.99 Apple apps, is any indication of the true underlying economy, forget
recession: the world is now in a second great depression which is getting worse
by the month.
…
One wouldn't know it by looking at CAT stock, which has gone
very much nowhere in the past 5 years thanks to just one thing - an exponential
increase
in the company's share buybacks...
But the real depression is in Latin America, where CAT
retail sales plummeted by a whopping 50%: the most in reported history, and
follow an 18% drop from a year earlier.
Summarizing it all, after an increasingly shallower series
of dead CAT bounces in the past year, first thanks to Latin America, and then
the US, global retail sales just dropped by 14% - marching the biggest Y/Y
decline since the financial crisis.
And the cherry on top: there has now been an
unprecedented 31 consecutive months of CAT retail sales declines. This
compares to "only" 19 during the near systemic collapse in 2008.
In other words, if global demand for heavy industrial
machinery, as opposed to unemployed millennials' demands for $0.99 Apple apps,
is any indication of the true underlying economy, forget recession: the world
is now in a second great depression which is getting worse by the month.
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Next
Steps For Greek Politics: The Syriza "Endgame" According To Deutsche
Bank. S- by Tyler
Durden on 07/22/15
"The inherent contradiction of program
implementation by a government from within which the bulk of opposition
originates will have to be resolved. It is unlikely that uncertainty around the
stability of the Greek economy and banking system recedes until this is the
case."
[ Whatever the troika
does.. don’t matter. Their days are counted. The troika must abide the
agreement signed. If any negotiation or restructuration comes, it has to be to alleviate
Greece misery and cut the troika’s greed and abuse. Anyway, it won’t be able to stop the block in
formation, Tsipras ghost won’t be able to stopped either.. If he remains in
power, his destiny is to be butcher..he commit suicide when he surrounded to
the troika .. Buck to life with elections?.. that is either his opium dream or the
Greece people’s .. Anyway, the troika signed the death of the EU… whatever they
do, is late. EUROPE RECOGNIZES THE TROIKA AS AN OBSTACLE TO THEIR
PROGRESS! ]
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It's
Not Just Greece: Total European Debt Hits New All Time High. S by Tyler
Durden on 07/22/2015
With all the talk of Greek debt unsustainability (and now,
thanks to Jack Lew and the IMF, forgiveness), one would think that Greece -
whose debt/GDP is set to rise to 238% according to Citi - is the only country
in Europe which has debt problems. It's not, and as the latest data from
Eurostat confirms, as of Q1 2015, European debt rose to €9.4 trillion from €9.3
trillion, which is a new record high debt/GDP of 92.9%, up from 92.0% the
previous quarter.
It wasn't just the Euroarea of 19 EUR member nations that
saw their debt increase: the broader European Union of 28 countries also saw
its debt rise, and by a far more noticeable €300 billion, from €12.1 trillion
to €12.4 trillion.
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Tsipras
To Call For Elections "As Soon Bailout Agreed", Wants "Clean
Start". S- by Tyler Durden on 07/22/15
GREECE TSIPRAS WANTS ELECTIONS AS SOON THIRD LOAN AGREED-SRC
GREECE PM MULLS SEP 13TH OR 20TH FOR POSSIBLE SNAP POLLS-SRC
[ Ghost don’t get “Clean Start”, they have not real face to
wash. Election is not a soap for them .. Tsipras : just resign now and let the Congress
elect the butcher of the nation. They
are the ones who wanted more austerity.. let them enjoy their naive “gluttony” ]
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Something is very rotten in the state of China, and its
crashing, manipulated stock market is merely the tip of the iceberg.
[ It is nothing rotten over there stupid . It is here, we are
the leaders of this collapsing neoliberal system.. this system nly benefit the
1% of our population.. the world is fed up with this system. What China is doing is saying bye.. bye to
neoliberalism .. They have enough domestic and partners market to
close borders and get out of the big neoliberal mess .. as they did it in the
past with the great wall ]
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Tsipras
Fights To Keep Greek Bailout Alive Amid Party Rebellion: Full Vote Preview.
Submitted by Tyler Durden on 07/22/2015
The Greek parliament will vote on a second batch of prior
actions on Wednesday including EU rules on bank resolutions and civil justice
reform amid protests from public sector union ADEDY which has pledged to "continue
the battle so that the new barbaric bailout does not pass and is
overturned," and so that Greece does fall under the "neocolonial
control" of Brussels. Today's vote is a litmus test for Syriza. That
is, the key issue is whether the party splinters further or if some of those
who broke with Tsipras last week return to the fold on Wednesday.
----
Submitted by Tyler
Durden on 07/22/2015 - 07:31
- Stocks sour as Apple results leave bitter aftertaste (Reuters)
- Awkward Alliance Running Germany Exposed by Greek Crisis (BBG)
- Apple Faces Old Question of What’s Next After Record Profit (BBG)
- Lawmakers, White House Explore Tax Revamp for U.S. Firms Overseas (WSJ)
- Digital Misfits Link JPMorgan Hack to Pump-and-Dump Fraud (BBG)
- More Debt Traders at Risk as European Banks Report Results (BBG)
- Iran rejects sanctions extension beyond 10 years (Reuters)
----
Apple,
Microsoft Plunge Drags Global Markets Lower, Oil Resumes Slide. S by Tyler
Durden on 07/22/15
While this week has been, and continues to be, devoid of
macro updates, yesterday's flurry of mostly disappointing earnings releases
both before and after the open, including some of the biggest DJIA companies as
well as the current and previously biggest and most important companies in the
world, AAPL and MSFT, both of which came crashing down following earnings and
forecasts that were well short of market expectations, came as a jolt to a
market that was artificially priced by central bank liquidity and HFT momo
algos beyond perfection. Add to that yesterday's downward revision to
historical industrial production which confirmed the US economy is a step away
from recession, as well as last night's Crude API inventory build which is once
again pressuring WTI lower and on the verge of a 49 handle, and perhaps the
biggest question is why are futures not much lower.
----
Greek
Prime Minister Asked Putin For $10 Billion To "Print Drachmas", Greek
Media Reports. Submitted by Tyler
Durden on 07/21/2015
[ Three possible
answers: a- Print your resignation to
Govt first. B- We do not lend money to ghosts. C- we do not feed your troika
nor its servants .. So, Tsipras is
barking to the wrong tree]
----
WASHINGTON BLOG
U.S.
Intelligence Officials Demand that Obama Release MH-17 Intel. Posted on
July 22, 2015 by WashingtonsBlog
SUBJECT: Releasing an Intelligence Report on Shoot-Down of
Malaysia Airlines Flight 17
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The
American Nightmare: The Tyranny Of The Criminal Justice System. Posted on July 22, 2015 by WashingtonsBlog . Submitted
by John Whitehead via The Rutherford Institute,
How can the life of such a man
Be in the palm of some fool’s hand?
To see him obviously framed
Couldn’t help but make me feel ashamed to live in a land
Where justice is a game.—Bob Dylan, “Hurricane”
Be in the palm of some fool’s hand?
To see him obviously framed
Couldn’t help but make me feel ashamed to live in a land
Where justice is a game.—Bob Dylan, “Hurricane”
Justice in America is not all it’s cracked up to be.
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Posted on July 22, 2015 by Carl Herman
“Say it’s not political, say it’s just the way it is that
food banks can be cut but big banks need to be bailed out.” (from the following
3-minute poetic video)
...
15 minute discussion of economic solutions: Mark Anielski and Ellen Brown’s
powerful response to an interview at the Seizing an Alternative conference (and here,
with videos here) with former World Bank economist Herman Daly and co-author John B. Cobb of For the Common Good (video
should start at 1:04:43): VIDEO URL: https://youtu.be/jCiHFLKQehk
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Obama Prosecutes No Mega-Crooks. Hillary Also Wouldn’t.
Would Sanders?
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GLOBAL RESEARCH
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NEWS IN SPANISH
Argentina. La elección de Buenos Aires, el “progresismo
descafeinado” y la “sciolimanÃa”. Atilio Borón
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Los derroteros de la crisis financiera. Francisco Umpiérrez Sánchez
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Pensar y sentir las Américas desde El Salvador. Ollantay Itzamná
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El cambio es posible en Guatemala. Andrés Cabanas
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PRESS TV
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