AUG 7 SIT EC y POL
ZERO HEDGE
Black-White
Race Relations Under Obama: The Worst In The 21st Century. Submitted by
Tyler
Durden on 08/07/2015
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Ron
Paul's Foreign Policy Of Peace Is Central To The Message Of Freedom. Submitted
by Tyler Durden on 08/07/2015
"It isn’t for nothing that again and again,
countries abandoned the gold standard when they went to war. We rarely pause to
consider what that tells us. If they needed to abandon the gold standard to
go to war, that means the gold standard was a barrier against war. Of
course, the ease with which governments could abandon the gold standard serves
to remind us of the need to separate money and state altogether, and that
the state cannot be trusted to maintain a sound money standard."
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"The
Top's In" David Stockman Warns Of "Epochal Deflation". by
Tyler
Durden on 08/07/2015
The truth hurts... especially permabullish CNBC anchors. But
when David Stockman explained why "the top is in," and warned that
the world is overdue for an "epochal deflation, like nothing it has ever
seen," one should listen. The "debt supernova" of the last decade
or two has created massive over-capacity and this commodity deflation
"is not temporary, it's the end of the central bank bubble."
The catalyst has already happened -"It's China," Stockman exclaims, "China
is the most lunatic pyramid of credit and speculation.. and capital is now
fleeing the swaying towers of the China ponzi."
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"Good" Jobs Data Is Bad News - Bonds, Stocks, Gold Dumped; USD Pumped. Submitted by Tyler Durden on 08/07/2015
The 'good enough'
jobs report is not what investors had been hoping for (despite reassurances
that a 25bps rise is 'priced in'). Stocks, bonds, and PMs are down as the USD
surges amid implied expectations that rate hikes are coming sooner...
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July
Payrolls Rise 215K, Less Than Expected; Annual Earnings Growth Miss,
Unemployment Remains At 5.3%. Submitted
by Tyler Durden on 08/07/2015
In a somewhat antticlimatic report, moments ago the BLS
reported that July nonfarm payrolls came in at 215K, modestly below the
expected 225K and down from the upward revised June print of 231K, with the
unemployment rate at 5.3%, in line with expectations. Overall, a number that
was bad, but not bad enough to deter the Fed from hiking, if that is indeed
what it plans on doing.
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In
Blow To Obama's Iran Deal Hopes, Key Democrat Defects. Submitted by Tyler
Durden on 08/07/2015
GOP Presidential hopefuls expressed plenty of distaste for
the Iran nuclear deal during last night’s debate, but it was the voice of a
Democrat that mattered most on Thursday evening as Chuck Schumer, the
influential Jewish Senator from New York, came out in opposition to the accord.
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Submitted by Tyler
Durden on 08/07/2015 - 07:36
- July job gains may favor September interest rate rise (Reuters)
- It's all about Trump at raucous Republican debate (Reuters)
- The 5 Most Important Takeaways From the First Debate of 2016 (BBG)
- Republican presidential candidate Carly Fiorina wins the Web (Reuters)
- Hedge Fund Losses From Commodity Slump Sparking Investor Exodus (BBG)
- Winners and losers from the first Republican presidential debate (WaPo)
- Bush turns in workmanlike debate performance, but will it be enough? (Reuters)
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WASHINGTONS BLOG
Republican
Party Gave First Presidential Debate to Fox News as Political Payoff. Posted on August 6, 2015 by Eric Zuesse.
[ Those who miss the charade debate .. did not miss nothing .. just simulacrum & war mongerism .. Do not subscribe Fox .. make the oligarchies pay all TV channels for you to waste time watching their scum ]
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The 2008 financial crisis challenged many orthodox assumptions in finance and economics, including the proper role and accountability of central banks. The U.S. Federal Reserve, commonly known as the Fed, is the world’s most powerful central bank.
One major source of Federal Reserve power is its role as
“lender of last resort,” lending directly to commercial banks through its
so-called discount lending window. Traditionally, only commercial banks had
access to the Fed’s discount lending since non-bank financial institutions were
not subject to the same reserve and capital requirements as those imposed on
banks. The other major source of the Fed’s power is its ability to purchase
short-term Treasury securities. These restrictions on Fed lending and asset purchases
helped support the central bank’s political independence from Congress and the
White House by ensuring that Fed policy was socially neutral and did not favor
particular sections of financial markets or particular private constituencies.
But as the Federal Reserve’s lending and asset purchase powers expanded in
unprecedented ways in 2008, these traditional restrictions were swept aside,
exposing the flaws of central bank independence.
The Fed is also able to create money—U.S. dollars, also
known as Federal Reserve notes—which means there is virtually no limit to the
amount of money it can lend and no limit to the volume of assets it can
purchase without adding to public-sector borrowing or deficits. During the
2008–2009 financial crisis, the Fed extended more than $16 trillion in low
interest loans to all kinds of financial institutions in distress, including
borrowers who traditionally lacked access to its discount window such as hedge funds
and foreign commercial banks and central banks. Also, beginning in 2008, the
Fed launched several asset purchase programs, known as “quantitative easing”
(or QE), to purchase more than $3.5 trillion in U.S. Treasury securities and
mortgage-backed securities (MBS).
But this expansion of the money supply is deceiving. Instead
of lending out the funds pumped in by the Fed, banks have added more than $2.6
trillion to their excess reserves, on which the Fed has also paid them
interest. This is similar to what happened during the Great Depression. Much of
the money the Fed pushed into the banking system has not trickled down to the
real economy.
Rest of article here
for details of who really benefits from Fed policy.
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Israel’s leaders hold the country out as a democracy … just
like the U.S. Of course, America is
officially no
longer a democracy … as wealth is so concentrated that it has broken the
political system. The same thing is true in Israel …
Lior Akerman – former Brigadier General and division head in
the Shin Bet (Israel’s Security Agency) – writes in the Jerusalem Post that
Israel has never been a democracy.
Forbes Israel warned of oligarchy in 2006.
Since last week, Israel has been
governed by an oligarchy. These are self-styled lords of the manor who
have power over civil and military sectors, and share the spoils of rule
between themselves. The subjects can talk, but have no influence. Israel has
been transformed from the only democracy in the region, to a democracy where
power is held by only a few.
Bloomberg noted in 2013 “Israelis rise up
against the oligarchs“.
…. And it’s not only Israel’s oligarchs who have skewed Israeli’s
political system … it’s also American oligarchs.
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NEWS IN SPANISH
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[ Ese imbécil no gobierna, desgobierna.. detrás de Israel está el US y NATO.. La traición es total ]
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[ Trump is only a disguised propaganda in favor of “la mafia” Clinton.. Get inside the democracy scum!.. is the message ]
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