AUG 14 SIT EC y POL
My freedom of thinking is under threat .. intruders get on to my computer.. disable firefox & cause several damages to my reports .. a Lawyer in Pitt + two technicians are investigating the case ]
ZERO HEDGE
ZERO HEDGE
While making its devaluation announcement, Beijing said that
it wanted its currency "to reflect fundamentals" and to no longer
simply mirror the movement of the dollar. It acknowledged the fact that its peg
to the dollar was problematic and that it wanted a better, more natural
mechanism. This is the key to understanding the announcement: The
Chinese are preparing for a time in which the financial world does not spin in
orbit around the dollar. Such a reality must make us think about the future.
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Greeks
Flock To Grassroots Alternative Currencies In Affront To Euro Debt Slavery.
Submitted by Tyler Durden on 08/14/2015
Hundreds of millions of people throughout the Western world
are being forced to admit an obvious, yet uncomfortable reality. Democracy
is dead. Your vote and your voice doesn’t matter. Not at all. .. Communities
need to take matters into their own hands and tackle challenges at the
grassroots level.Nowhere is this more impactful and necessary than in the
monetary realm, and some Greeks are already leading the charge.
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10
DISTURBING FACTS MOST AMERICANS ARE TOO FEARFUL TO FACE. by
Bernie Suarez via ActivistPost.com. S-by Tyler
Durden on 08/14/2015
The average working American has
no time to truly wrap their heads around this stunning facts:
1. Genetically Modified Foods are illegal in many
countries for health and medical reasons all the while the U.S. passes laws
making GMO labeling illegal.
2. As a result of “Act
of 1871″ by the 41st Congress, the United States “Corporation” was created
to trample the original Republic.
Shockingly, this fraudulent synthetic corporate government
entity is the only “United States” most people in America know today. And this
non-governmental corporate entity covering a 10-square-mile grid in Washington D.C.
parades as a sovereign legitimate government and has been doing so for over 100
years.
3. “7 countries in 5 years.”
This wide open confession came straight out of the mouth of
U.S. General
Wesley Clark years after the illegal invasion of Iraq. The General
openly spilled the beans on the U.S. military’s plan to illegally invade 7
countries in the Middle East under the lie of the war on terror. Shockingly, to
this day no war crimes trials have taken place. No one has been executed,
convicted or imprisoned for these massive crimes against humanity.
4. The U.S. military and its defense contractors have
over 150+ live and legitimate
patents for spraying the sky with nano-particles, all the while the
masses are told it’s a “conspiracy.”
Those still unaware of this may be shocked to know these
patents are not even hidden from the public. You can read them all for
yourself. Despite this open knowledge these programs roll on comfortably as we
have observed their spraying techniques change from various forms of chemtrails
to aerosolized plumes/injections or chembombs to a mixture of both.
5. As briefly mentioned in #3, the United States Military
is currently conducting an admitted A.I. psychological operation on the human
domain as people carry on as usual.
6. The entire debt-based fiat worthless paper money
circulating in the U.S. is supplied and controlled by a private corporation
with no legal authority to do so.
We call them the Federal
Reserve. It’s the illegal private banking system created officially in 1913
under the Federal Reserve Act which Congress gave a green light to. This single
act essentially handed the United States of America to a gang of private
bankers with no accountability to the people. Along with the Act of 1871, this
Federal Reserve Act is also one of the most significant and horrific turning
points in the history of America. An act that accounts for many of the problems
and sufferings in America for now over 100 years.
7. Throughout the history of humanity people do things by
planning it out; this simple act of organizing is considered bizarre, unlikely
and improbable by a generation of brainwashed people controlled by one hypnotic
phrase – “conspiracy”!
8. The U.S. has been caught numerous times militarily
defending, arming, supplying and training ISIS fighters.
Here we are at the one-year anniversary of the ISIS super
psyop American TV marketing campaign, and today the ISIS psyop has been blown wide
open more often than the amount of times the global warming movement
has been exposed as lies. These reports trapping U.S. and Israeli (NATO)
governments in baldfaced staged lies and capturing solid evidence of their
support for ISIS have gone completely ignored and censored by U.S. mainstream
media to keep the ISIS psyop narrative going in the minds of Americans.
9. Turning back the clock – 5 Israeli men were caught,
arrested, fingerprinted and detained on September 11th 2001.
After they were celebrating the destruction of the world
trade center seconds after the buildings were destroyed, while the buildings
burned AND while the rest of America watched in shock and tears. These men were
later mysteriously released back to Israel where they bragged on camera about
being in New York City to “document the event”.
10. In the U.S, like it was with Hitler’s Germany,
propaganda is perfectly legal.
Most Americans have no idea this is the case. They don’t
realize that the U.S. corporate fraudulent government can legally lie to you
every single day to get you to believe whatever they want you to believe and
then turn around behind closed doors and laugh at you for believing their legal
lies. Try telling that to most Americans and see how they look at you
Solutions
Let’s keep sharing the information and forcing people to
look at this information. These are just 10 random issues I felt are important,
but there could be another 10 here just as easily. Information is spreading and
people are getting this. Sometimes it takes hitting rock bottom before people
take action and start to think differently. Whatever drives someone you can
always be sure that pushing the information will help accelerate this process.
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Though transparency was a cause he championed when
campaigning for the presidency, President Obama has largely avoided
making certain defense costs known to the public. However, when it
comes to military appropriations for government spy agencies, we know from
Freedom of Information Act requests that the so-called “black budget”
is an increasingly massive expenditure subsidized by American taxpayers.
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"The U.S. is investigating what it believes are
'credible' reports that ISIS fighters used mustard agent in an attack against
Kurdish Peshmerga this week," CNN reports. "Did ISIS find some
mustard? We think they did. We think they have used it."
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Obamanomics
- Union Pacific Cuts 100s Of Jobs On Coal Shipments Collapse. Submitted by Tyler
Durden on 08/14/2015
There will be more Americans tonight newly questioning President
Obama's Clean Power Plan, as NBCNews
reports, Union Pacific will cut hundreds of management jobs as the
amount of coal shipped by railroads continues to plunge.
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Overall, the lack of revenue growth combined with
full equity valuations (unless you think +17x is cheap) is all you need to know about
the current market churn... and why it will likely continue.
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"WE'VE
REACHED THE END OF THE LINE; NOW, THE GAME CHANGES". by
Raul Ilargi Meijer via The Automatic Earth blog Submitted by Tyler
Durden on 08/14/2015
The most pivotal importance of China is that it was the
world’s latest financial hope. The yuan devaluation shatters that hope
once and for all. The global economy looks a lot more bleak for it, even if
many people already didn’t believe official growth numbers anymore. Because
we’ve reached the end of the line, the game changes. Of course there will be
additional attempts at stimulus, but China’s central bank has de facto conceded
that its measures have failed. They just hope you won’t notice, and try to
bring it on with a positive spin. Central banks are not “beginning” to
lose control, they lost control a long time ago. The age of central
bank omnipotence has “left and gone away” like Joltin’ Joe.Omnipotence
has been replaced by impotence.
It
helps to understand, and repeat, a few things: Here only extracts
• There have been no functioning financial markets in
the richer parts of the world for 7 years (at the very least). Various
stimulus measures, in particular QE, have made sure of that.
• There are therefore no investors anymore either
(they would need functioning markets).There are people who insist on calling
themselves investors, but that’s not the same either. Definitions matter, lest
we confuse them
• The stimulus measures, QE, were never designed to
induce economic recovery. They were meant to transfer private losses to
public purses. In that, they have been wildly successful.
• China is the end of the line. It was the
only economy left that until recently could boast actual growth on a scale that
mattered to the global economy. Growth stopped when China, too, introduced
stimulus measures. To the tune of some $25 trillion or more, no less.
The perhaps
most pivotal importance of China is that it was the world’s latest financial
hope. The yuan
devaluation shatters that hope once and for all.
Because we’ve
reached the end of the line, the game changes. .. Central
banks are not “beginning” to lose control, they lost control a long time ago.
The age of central bank omnipotence has “left and gone away” like Joltin’ Joe.
Omnipotence has been replaced by impotence.
What will happen from here on in will be decided by how, where and in
what amounts deleveraging will take place. This will of necessity be a chaotic
process.
Debt deleveraging leads to, or can even be seen as
equal to, debt deflation. This is a process that has already started in various
places and parts of economies (real estate), but was kept at bay by QE programs.
It will now accelerate to wash over our societies like a biblical plague.
When deflation
takes its inevitable place center stage, it will wipe away so much wealth, be
it real or virtual or plain zombie, that the timing issue will be irrelevant even
retroactively. Whether the total sum of global QE measures is $22 trillion or
$42 trillion, its deflation-driven demise will wipe out individuals, companies
and nations alike at such a pace, people will wonder why they ever bothered
with trying to get the timing right.
Deflation will
obliterate our economies as we know them. Imagine an economy for instance where
next to no-one sells cars, or houses, or college educations, simply because
next to no-one can afford any of it.
Where everything that today is bought on credit will no longer be
bought, because the credit will be gone. Where homes are not worth
more than the cardboard they’re made of, and still don’t sell.
Moreover, one of
the main reasons to devalue one’s currency is the idea that then people will
start buying your stuff again. But in today’s deflationary predicament, one of
the main failures of mainstream economics pops up its ugly head: the refusal to
see that many people have little or nothing left to spend.
Seen in that
light, what good could a 1.9% devaluation (or even a, what is it, super-cubed
5% one, now?!) possibly do when China producer prices fell for the 40th
straight month, exports were down 8.3% in July, and cars sell at 30% discounts?
Those numbers indicate a fast and furious reduction in spending.
Spending
stops when people are maxed out and dead broke. And then prices drop, because
no-one can afford anything anymore.
Problem is,
those pockets pale in comparison to diving -consumer- spending in the US,
China, Europe, Japan. Spending that wouldn’t even exist anymore if not for QE,
ZIRP and cheap credit.
The yuan devaluation tells us the era of cheap credit is now over. The
first major central bank in the world has conceded defeat and acknowledged the
limits to its alleged omnipotence.
It always only took one. And then nothing would stand in the way of the
biblical plague.
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If crude’s slump back to a six-year low looks bad, Bloomberg
notes that it’s even worse when you reflect that summer is supposed to
be peak season for oil, and “it will get more so as refiners go
into maintenance.”
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The
Great China Ponzi - An Economic And Financial Trainwreck Which Will Rattle The
World. Submitted by Tyler
Durden on 08/14/2015
There is an economic and financial trainwreck rumbling through the
world economy. Namely, the Great China Ponzi. In all of economic history there has
never been anything like it. It is only a matter of time before it ends in
a spectacular collapse, leaving the global financial bubble of the last
two decades in shambles.The resulting deflationary spiral will
suck the global economy into its vortex. And Wall Street will go down
for the count because this time the Fed will be utterly powerless to reverse
the tide.
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When do we finally accept the hopelessness of reforming a
self-serving machine bent on destruction?
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Characterizing the upward transfer of virtually all American wealth
to a handful of oligarchs a “recovery,” represents a grotesque insult to
the english language as well as common sense. The writing was on
the wall from the very beginning. We knew as soon as TARP passed that we
as society would regret the day we bailed out the bankers who
destroyed the world economy. It didn’t take long.
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Putting what China has just done in very simple context: China
announces an increase in its gold holdings of over 58% (June and July)... and
then it devalues its currency by nearly 5% in one week. Even the most
brainwashed Keynesians should be able to see what is going on here by now.
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Whatever action we take has a consequence. It is impossible to
manipulate markets and the economy for there will always be unintended
collateral damage.We are living in the era that will bring about a collapse
of socialism precisely as took place in communism. Government
is incapable of ever managing society for they cannot escape the
inter-connectivity.
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European
GDP Unexpectedly Disappoints As All "Big Three" Economies Miss
Expectations. Submitted by Tyler Durden on 08/14/2015
Define irony: in a quarter in which Greece was supposed to have been
near death (at least according to the worst PMI print in history and of course,
judging by the bank lines in front of the capital controlled institutions),
yesterday we learned that Greek GDP surged relative to expectations rising by
0.8%, which was what analysts had expected but with a minus sign in front of
it. Then overnight, we got the rest of European GDP, including the big three:
Germany, France and Italy. The results were nothing short of a big
disappointment. At the Euroarea level, the result was also a big negative
surprise with Q3 GDP rising 0.3%, down from 0.4%, and below expectations. This
was the worst GDP print since Q3 2014.
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Greek
Parliament Approves Third Bailout As Tsipras Support Tumbles, Snap Elections
Imminent. Submitted by Tyler
Durden on 08/14/2015
As on previous cases, the vote passed with substantial opposition
support. In terms of numbers, the rebel faction within Syriza is now up to 42,
with 43 being seen as the threshold beyond which Tsipras has no choice but to
call elections. In other words the Tsipras government now hangs in the
fate of just one person.
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GLOBAL
RESEARCH
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INFORMATION
CLEARING HOUSE
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What the
Latest Currency 'War' is All About . By Pepe Escobar
Forget the
hysteria. The heart of the matter is that Beijing has stepped on the
gas in a quite complex long game.
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The Dollar
Collapse Is Coming. By Andrew Moran
Peter Schiff
Says Impending U.S. Dollar Collapse should be Getting Attention, not China’s
Devaluation
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SUPERRICH
DONORS TURN OUR DEMOCRACY INTO THEIR PLUTOCRACY. By Jim Hightower
These few people
are not merely "big donors" — they are owners , with full access to
their candidate and an owner's prerogative to shape the candidate's policies
and messages
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Reality and
Dreams. By Fidel Castro Ruz
The equal right
of all citizens to health, education, work, food, security, culture, science,
and wellbeing, that is, the same rights we proclaimed when we began our
struggle
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NEWS IN SPANISH
La única
solución para problemas de estrangulamiento por deuda es la reducción de
saldos, como vimos en América latina con el Plan Brady y con la iniciativa HIPC
(países pobres altamente endeudados). Las decisiones de alivio de deuda son
decisiones políticas que se toman para apoyar a algún gobierno.
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Carta de la
sociedad civil a los miembros de la OMC
Los países menos adelantados (PMA) miembros de la OMC solicitan una prórroga del periodo de transición relativo a los productos farmacéuticos y a favor de exonerarlos de la obligación establecida en los artículos 70.8 Y 70.9 del Acuerdo sobre los Derechos de Propiedad Intelectual relacionados con el Comercio (ADPIC). Leer más
Los países menos adelantados (PMA) miembros de la OMC solicitan una prórroga del periodo de transición relativo a los productos farmacéuticos y a favor de exonerarlos de la obligación establecida en los artículos 70.8 Y 70.9 del Acuerdo sobre los Derechos de Propiedad Intelectual relacionados con el Comercio (ADPIC). Leer más
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Fidel y sus grandes
aportes sobre el tema de la Unidad. Marta Harnecker
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LA OEA, ¿se hundirá o flotará en Honduras?. Roberto
Quesada
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WALL STREET DAILY.
China Joins Global Currency War.. 8/14/15
On August 11, 2015, China devalued its currency, the
renminbi (yuan), by 1.9%. It was the currency's biggest one-day drop since
1994.
It didn't stop there, either. At one point the following day, the yuan had cumulatively lost as much as 3.9% of its value against the dollar. Policymakers in China seem to be following through on their promise to allow the market to play a bigger role in determining the exchange rate.
It didn't stop there, either. At one point the following day, the yuan had cumulatively lost as much as 3.9% of its value against the dollar. Policymakers in China seem to be following through on their promise to allow the market to play a bigger role in determining the exchange rate.
"A fixed exchange rate looks stable, but it hides
accumulated problems," noted Yi Gang, Vice Governor of China's central
bank.
As you can see, China allowed the yuan to significantly
appreciate against the dollar from 2005 up until the credit crisis. The fixed
peg was reinstituted from mid-2008 until mid-2010. Then, the yuan began a
slower appreciation, which culminated in early 2014.
So, the yuan's relatively small recent devaluation has only
given back a small portion of its longer-term appreciation. That said, we
shouldn't downplay what's happening right now.
The U.S. dollar bull market has really forced China's hand. [
China is the
loser?.. interesting sadomasochist statement .. China may laugh their ass ] The dollar has been very strong over the past year
against virtually all global currencies. Therefore, the yuan has been dragged
higher. With a strong currency, China has lost some of its export
competitiveness. China has also been burning through foreign exchange reserves
to keep the yuan at a level above where it would naturally be.
Given that China's economy is slowing, its exports are
flagging, and its speculative bubbles are collapsing, the move wasn't
completely unexpected. Plus, an increasingly market-driven exchange rate will
pave the way for the yuan to enter the Special Drawing Rights (SDR) basket. [ Pretty nice
description of the neoliberal mess in the West too ].
Nonetheless, the market seemed to be surprised by the devaluation. Global equity markets dipped and the U.S. 10-year yield declined all the way to 2.05%.
China doesn't have a fixed peg, but it does heavily manage the yuan's level relative to the U.S. dollar.
Nonetheless, the market seemed to be surprised by the devaluation. Global equity markets dipped and the U.S. 10-year yield declined all the way to 2.05%.
China doesn't have a fixed peg, but it does heavily manage the yuan's level relative to the U.S. dollar.
[ So .. who are the losers ? .. To control China.. better have it inside the
basket.. is the policy of the IMF .. but, China may have the upper hand in the basket..
the build the biggest trade web ]
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SUNS -
South North Development Monitor
* Afganistán: récord de bajas civiles en conflicto armado, dice la ONU
* OMC: UE viola acuerdo antidumping en elementos de hierro o acero chinos
* Agenda de Desarrollo Post 2015: se logra consenso a puerta cerrada Leer más
* Afganistán: récord de bajas civiles en conflicto armado, dice la ONU
* OMC: UE viola acuerdo antidumping en elementos de hierro o acero chinos
* Agenda de Desarrollo Post 2015: se logra consenso a puerta cerrada Leer más
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PRESS TV
Erdogan’s
constitution ambitions not fading . Fri Aug 14, 2015 Turkish President
Recep Tayyip Erdogan vows to press for a new constitution that would change the
political system in Turkey to a presidency-based one.
[ Para facilitar la
dictadura .. nada mejor que eliminar el sistema proporcional = un retroceso
democ ]
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China
calls for ‘sincere apology’ by Japan. Fri Aug 14, 2015 China rejects as
insufficient an expression of “deep remorse” by Japan about its World War II
aggression, demanding an apology.
[Japan should demand from the US no apologies but reparation
for nukes on Hiroshima-Nagazaki ]
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China
orders stricter safety inspections. Fri Aug 14, 2015 China is to
toughen safety inspections at warehouses after the deadly explosions in
Tianjin. [ YES..
could’ve been terrorist attack ]
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‘Sanctions on Iran constitute war crime'.
Fri Aug 14, 2015 US and European sanctions imposed against Iran over its
nuclear energy program are against the Geneva conventions.
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‘Sanctions
on Iran constitute war crime'. Fri Aug 14, 2015 US and European
sanctions imposed against Iran over its nuclear energy program are against the
Geneva conventions.
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Russia,
Germany concerned over Ukraine. Fri Aug 14, 2015 Russia and Germany
voice concern about escalated fighting and truce violations in eastern Ukraine.
[ Germany provides high tech to US ballistic missiles.. I don’t
think they are concerned ..]
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