SEPT 10 SIT EC y POL
VIDEO on chances of war between US-RU: www.youtube.com/watch?v=5fL0qokdJis
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ZERO HEDGE
In
Major Humiliation For Obama, Iran Sends Soldiers To Support Russian Troops In
Syria. Submitted
by Tyler Durden on
09/10/2015
[Obama sabe que Iran
merece el respeto de todo Estado soberano. Iran negocio de buena fe un acuerdo diplomático
que jamás comprometió su autonomía. No hay nada en ese acuerdo que obligue a Iran
a poner en peligro el futuro de su nación. Y es lo que hace cuando decide
ayudar a erradicar el terrorismo hijadista. Se apuntaba con estos hacia Iran y
hasta aquí llegaron. Los que amamos la paz saludamos la decisión de erradicar
el terrorismo islámico de una vez por
todas. No hay ninguna humillación a
Obama, al contrario Iran esta haciendo lo que nosotros prometimos hacer. Humillación
seria que nos condenen como criminales de guerra ]
…
The latest twist in what we have been warning for months has
the makings of the biggest proxy shooting war in years, one that will come as a
major humiliation to the Obama administration,today we find
out that none other than America's most recent diplomatic sweetheart
in the Gulf region, Iran, has deployed ground soldiers into Syria in
the past few days in cooperation with Russia's President Vladimir Putin.
…
[ Now ISIS has to send back to their
countries all mercenaries .. the US & UK already announced they are ready
to receive them as heroes .. ISIS is going to be decimated inside Syria &
Iraq .. the only support they have is Turkey y este pais va a tener que aliarse
con los Rusos si quiere paz con el PPK .. Era hora de que se le ajuste cuentas
a los terroristas islámicos, adiós al jihadism..Hay luz en el tunel ]
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China
Fixes Yuan Stronger After Premier Li Says "No QE" Amid Record High,
Surging Pork Prices. Submitted
by Tyler Durden on 09/10/2015
Despite the biggest intervention surge
in offshore Yuan on record ("predatoring"
any excess speculative fervor on PBOC actions in the spot market), a 'PBOC
Advisor' noted that "long-term FX intervention was not their
target." The Hong
Kong Dollar is pressuring the strong-end of its range against the USD, trapped
between the USD peg and weak economy (like so many others). Chinese stocks
continue to tread water as China's Premier Li rules out QE … PBOC strengthened the Yuan Fix tonight (just
modestly)
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Nomi
Prins: Mexico, The Fed, & Counterparty Risk Concerns. by
Nomi Prins via NomiPrins.com, Submitted by Tyler Durden on
09/10/15 [Here only extracts ]
This level of global
inter-connected financial risk is hazardous in Mexico, where it’s peppered by
high bank concentration risk. No one wants another major financial crisis.
Yet, that’s where we are headed … Mexico’s problems could again ripple through
Latin America where eroding confidence, volatility, and US dollar strength are
already hurting economies and markets. The difference is that now, in contrast
to the 1980s and 1990s debt crises, loan and bond amounts have not just been
extended by private banks, but subsidized by the Fed and the
ECB. The risk platform is elevated. The fall, for both Mexico and
its trading partners like the US, is likely much harder.
…
Capital Flight due to US Rate Hikes, Real or
Anticipated
The possibility of
US rate hikes, or even the threat of them, could freeze demand for non-US
stocks and bonds - everywhere. If we learned anything from the US financial
crisis, economic hardship in Greece and other Southern European countries, and
the rout in the Chinese stock market, it’s that capital flight, particularly
leveraged capital flight, can crucify an economy, especially high debt burdens
accentuate the process.
In addition,
heightened “de-risking” (or the reducing of counter-party agreements and cross-border
remittances between the US and Mexico) will impact future remittance flows.
Though de-risking practices are officially designated to thwart money
launderers and drug-dealers – the true effect of the closing of bank branches
or reduction of services that enable remittance flows burdens the population
and the local banks that rely on them.
Big Bank Concentration and Counterparty Risk
Mexico’s domestic
bank concentration problems have marginally improved since the financial
crisis, but not by much. As of 2014, just five of Mexico’s private sector banks
hold 72 percent of all financial assets. The top two, Banamex, a unit of
Citigroup Inc., and BBVA Bancomer, a unit of Spain's Banco Bilbao Vizcaya
Argentaria SA, hold 38 percent of all assets. (Source) (Source)
Concentration has
accelerated in the US. Since the financial crisis, the Big Six US banks (JPM
Chase, Citigroup, Bank of America, Goldman Sachs, Wells Fargo and Morgan
Stanley) have grown in terms of assets, deposits, cash, trading assets and
derivatives volume. … The main foreign banks in Mexico, and those engaging in
business with Mexican banks, can quickly close services and shift capital and
credit from the country, or place barriers to retrieve it, in a pinch.
Ongoing US Bank Bailouts and Mexican Fallout
The US Federal Reserve
buying program, though officially over, has rendered the Fed the largest hedge
fund in the world, with a $4.5 trillion book of securities, more than a dozen
times the figure of seven years earlier. The mortgage backed securities
component remains at about $1.5 trillion, up from zero seven years ago.
Mexico was fortunate
not to have been on the US bank radar screen to receive, or be induced to
borrow against, the $14 trillions of dollars of toxic US-bank made assets. US
bankers mostly focused on selling these subprime assets into Europe. Thus,
Mexico escaped the fallout that countries like Greece and Spain felt. … Still,
Mexico’s financial conditions are showing increasing signs of weakness, despite
comparatively low inflation and, as a result, the ability to keep interest
rates around 3 percent (the same as in Chile) below those in Columbia and Peru.
Aside from business
problems, the amount of people living in poverty in Mexico increased from 49 million in 2008 to 53 million in 2012. In
addition, Mexico came in last of the 34 countries examined by the Organization
for Economic Co-operation and Development OECD for inequality. The combination
of poverty and inequality on the ground, plus incoming instability on a
business and banking basis could prove a disastrous mix in Mexico (and in the
US) in the face of possible rising interest rates, a strengthening dollar in
the near-term, or enhanced volatility.
EM (Emerging Markets) Debt Defaults and Bond-Stock Divergence
Credit default risk looms as well. The amount of corporate and bank debt issued
since the Fed embarked on its zero-interest rate and QE policy and pushed it on
the world, has escalated. Thus, rising interest rates or corporate defaults in
the US would impact Mexican (and other EM) corporate bond prices and default
rates.
The divergence
between credit-risk as reflected by rising high-yield bond spreads (up from
seven year lows in mid-2014) and equities is predominantly predicated on the 60
percent drop in oil prices this year, which as of August 20th, hit a
six and a half year low. The energy sector represents 15 percent of the high
yield market.
Energy stocks have
dropped nearly thirty percent. If commodity prices continue falling, other
sectors and the stock markets would be more effected. Countries reliant on oil
revenues, such as Mexico where 30 percent of the federal budget is based upon
them, are impacted directly from profit loss and secondarily by defaults. (Source)
According to a
recent report issued by the Institute of International Finance, “Corporate Debt in Emerging Markets: What should we be worried
about?”, emerging market (EM) non-financial corporate debt rose to a record
high of 83 percent of GDP, up from 67 percent in 2009. The total size of
the EM non-financial corporate bond market has more than doubled to $2.4
trillion in 2014 vs. 2009.
Between 2015 and
2017, about $645 billion of that debt is set to mature with US dollar
denominated bonds comprising $108 billion of that figure. Meanwhile, the volume
of non-performing loans and general debt payment burdens have risen on US
dollar strength, meaning EM banks, particularly those exposed to high degrees
of foreign-currency lending, are increasingly in trouble.
What This All Means
This level of global inter-connected financial risk is
hazardous in Mexico, where it’s peppered by high bank concentration risk. No one wants another major financial
crisis. Yet, that’s where we are headed. … Mexico’s problems could again ripple
through Latin America where eroding confidence, volatility, and US dollar
strength are already hurting economies and markets.
The difference is
that now, in contrast to the 1980s and 1990s debt crises, loan and bond amounts
have not just been extended by private banks, but subsidized by the Fed and the
ECB. The risk platform is elevated. The fall, for both Mexico and
its trading partners like the US, is likely much harder.
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[ Another wishful thinking on China .. it would be more
constructive to think on"Endgame Scenarios" of the US crisis and
possible alternatives .. then I will believe that this “lover of China” is able
to see not only the hair in other eyes but
also the beam in his own eyes. …. Read it only If you have time to spend in
bloomberian furts.. if not .. you WON’T miss
nothing ]
In stepped up efforts to close the gap between the onshore
and offshore spot and you have yourself a rather untenable situation and as
with all things untenable, there will, sooner or later, be an endgame.
Against this backdrop, we present Daiwa’s list of China’s
three possible endgame scenarios (via Bloomberg):
China’s balance sheet under
serious contractionary pressure as money leaves and Fed decision looms,
resulting in three endgame scenarios, Daiwa analysts Kevin Lai and Junjie Tang
write in note dated Sept. 9.
- Scenario
1: PBOC actively intervenes by selling FX reserves to
support CNY; a painful credit crunch ensues; companies come under pressure
to liquidate assets to pay debts in classic case of “debt deflation”
- Scenario
2: Govt. stops FX intervention and prints massive amounts
of money; interest rates and reserve ratio potentially slashed; moves put
significant downward pressure on CNY and implications of a currency crisis
would be global
- Scenario
3: China muddles through between scenarios 1 and 2, where
PBOC tries to manage an “orderly” downward adjustment for CNY; stimulus
wouldn’t ultimately be large enough to have any meaningful impact
[Here the wishful conclusion] In short, the only "scenario" that doesn't result in an
"endgame" [so there are only two endgames
] is for everything to suddenly be fixed overnight, or, as Soc Gen recently put
it, "for the RMB to appreciate compared to its current value will require
a very positive environment for EM coupled with a cessation of capital outflows
and a vibrant cyclical growth and an export recovery." That, obviously, is
laughable so all we can say to the PBoC (and also to the Fed, who must consider
all of the above when weighing liftoff) is "good luck."
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The
UN's "Sustainable Development Agenda" Is Basically A Giant
Corporatist Fraud. Submitted by Tyler
Durden on 09/10/2015
On September 25th, Pope Francis will address the United
Nations General Assembly in New York City. To much fanfare, the Pope
will celebrate the unveiling of the UN’s Sustainable Development Agenda
2030. A key plank of this agenda relates to the UN’s “Sustainable
Development Goals,” or SDGs. While this sounds all warm and fuzzy,
several well meaning participants have become horrified by the
extent to which multi-national corporations have influenced the entire
process. So much so, that insiders are claiming the UN is actually
marginalizing the very people it claims to be saving. The poor, the weak, and
the voiceless.
[ Este pope cree que los Latinos nos olvidamos de que fue
sirviente del Dictador Videla -ARG .. uno de los implementadores del genocida
Plan Condor de la CIA para asesinar Izquierdistas anti- Pinochet ]
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Reuters
reports that Iran has cut its quarterly selling price (for its
flagship 'light' crude) to its lowest (relative to Saudi) since Q4 2012.
According to recent tanker loading data, Iran's oil sales in
September are set to hit a six-month low, and this price reduction is
just one of the steps taken by the OPEC producer to ramp up output and
regain market share lost since U.S. and European sanctions aimed at
its nuclear program cut its crude oil exports by more than half.
[That shot was good
.. dos pájaros de un tiro .. quemaron las sanciones US-EU y los bolsillos del panzón Saudi que visito
la Casa Blanca ]
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US
Warns Of "Unprecedented" Russian Military Buildup In Syria:
"It's Starting To Look Like Crimea". Submitted by Tyler Durden on 09/10/2015
With the war drums beating louder by the day, US officials
are now warning that Russia's military buildup in Syria is
"unprecedented" and is "beginning to look like
Crimea." Meanwhile, the Kremlin has accused the US of
"international boorishness" for Washington's "rubbish"
attempts to characterize Moscow's relationship with Damascus unfairly.
[ We were destroying Syria with
the pretext of fighting ISIS –there are evidences that we trained & armed
them- .. We commit war crimes against their civilian population to implement “regime
change”.. there are evidences that we have such purpose … We made alliance with
Turkey to kill the Kurds inside Syria & in Irak, there are also evidences
in this regard … We are a direct cause of the Syrian civilian exodus to Europe & that is crime
against humanity … Russia instead is really committed to stop the human
disaster caused by ISIS .. they have economic business in Syria, so they are allies.
Then, if Russia is sending troops and military equipment over there .. they
have a right cause to do it.. We do not have it .. What is our purpose over
there? None but to support the terrorist mercenaries of ISIS in Syria … We have
no right cause nor business in Syria.. We are condemned to failure ]
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Hungarian
Convicts Build 100-Mile, Anti-Migrant Fence Out Of Razor Wire. S-by Tyler
Durden on 09/10/2015
[ their neo-nazis in power are going to be deposed soon or
later.. son la verguenza de Europa ]
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The lack of leadership to tackle this clear and present
danger to Europe's future is truly concerning. Both the migrants
and the Europeans might be worse off as a result.
[ Europeans –specially Germans-
are in debt with the migrants since they profit from the wars that destroyed
their countries.. they like to sell guns, they have to accommodate the
survivors now ]
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[ They will continue doing so while they have control of their
own Banks .. and they will print more money
for QEs if America decide to raise interest rate.. they will put more
cash in the hands of their big companies .. This is the fake economy we like
it… we’re going to have it … same in China. ..Where the American “investors”
will go? .. no there. .. South America ?.. I do not think so, they are not going
to accept more expensive debts .. they may take control of their central Banks
& control of the parity with the USD .. the raise of interest will be the
“parte olas” from present to future of this system ]
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How
Europe Will Pay For The Refugee Crisis: Higher Taxes For The Rich. S
by Tyler Durden on 09/10/15
[ NOPE.. there will be a divorce from EU-US “investors” .. some
of the rich in EU already suggested to
split this costs with the US .. so, they are happy with the FED idea
of raising interest rate .. they will do it too and they will print euros to
inundate the world market (they have better trade balance) and they will “buy”
the QTs from America .. I guess they are enjoying the FED idea of “Rate Hike”
]
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Paul
Krugman Is "Really, Really Worried" That He Might Have Screwed Up
Japan. Submitted by Tyler
Durden on 09/10/2015
Late last year, Paul Krugman took a field trip to Japan to
observe Keynesian insanity prowling around in its natural habitat. While he was
there, he gave Prime Minister Shinzo Abe some sage advice which can be roughly
summarized as follows: "Abenomics is working so why would you screw it up
by getting fiscally responsible all of the sudden?" Nine months later,
Japan is still a deflationary deathtrap and Krugman is "really, really
worried"..
[ I don’t think so .. His “Keynesian insanity” worked “perfectly”
in Japan and here .. under the limits of insanity of course .. He might be very
proud of his insane receipt.. it make the neoliberal zombie continue walking ..
Once the final collapse comes.. he will be very worry ]
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The
City Of London Has Turned Britain Into A "Civilized Mafia State".
Submitted by Tyler Durden on 09/10/2015 [ It always was. The
most “Mafioso” bankers live in London ]
"Public services, infrastructure, the very fabric of
the nation: these too are being converted into risk-free investments. Social
cleansing is transforming central London into an exclusive economic zone for
property speculation. From a dozen directions, government policy
converges on this objective. Property in this country is a haven for the
proceeds of international crime. Sometimes the UK looks to me like an
ever so civilised mafia state."
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This
Is Exactly What The Early Phases Of A Market Meltdown Look Like. by
Michael Snyder via The Economic Collapse blog, Submitted by Tyler
Durden on 09/10/2015 [here only extracts ]
If you have been waiting for the market to send you “warning
signals”, then you can stop waiting because it is happening right in
front of your eyes.
…
Well, the truth is that if there is going to be a
full-blown market meltdown, we would expect for there to be wildly dramatic
swings in the market both up and down.
A perfect example of
this is what we experienced during the financial crisis of 2008. 9
of the 20 largest single day declines in stock market history happened that year,
but 9 of the 20 largest single day increases in stock market history
also happened that year.
If we are moving into another great
financial crisis, there should be massive upsand massive downs, and that
is precisely what we are witnessing right now.
There will be more days when the stock market absolutely
plummets and there will be more days when it absolutely soars. No stock
market crash in U.S. history has ever gone in just one direction
continually. There are always giant waves of momentum that
cause panic sellingand panic buying.
There is one thing
that could change that. A major “black swan event” such as a historic natural
disaster, an
unprecedented terror attack, or the outbreak of war could potentially be enough
to chase all of the buyers out of the marketplace. And considering the
times that we are moving into,
those things should not be ruled
out. But minus some type of event like that, we should expect lots of wild
swings in both directions.
If you already know what is coming and you are already
prepared for it, you won’t be freaking out like the rest of the general
population will be when things start really going crazy.
Life in America in the years ahead is going to look
dramatically different from what life in America looks like right now.
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Apparently fed up with the persistent spread between the
onshore and offshore yuan, China has decided to add one more spinning plate to
its collection by intervening in the offshore spot market.
[ It did not work as you expected .. but at least the
“sincerity” of your love for China is working ]
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Submitted by Tyler
Durden on 09/10/2015 - 07:35
- Compare: S&P
500 Futures Advance After U.S. Stocks Ignored Global Rally (BBG)
- And
contrast: Global Stock Rally Grinds to a Halt (BBG)
- And
be very confused: Global Stocks Lower on U.S. Interest Rate
Uncertainty (WSJ)
- Hilsenrath:
Fed Wavers on September Rate Rise (WSJ)
- Time
for more QE: Abe Adviser Says Next Month Good Opportunity for BOJ Easing (BBG)
- Brazil
downgraded to junk rating by S&P, deepening woes (Reuters)
- Kiwi
dollar tumbles after New Zealand cuts interest rates (Reuters)
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INFORMATION CLEARING HOUSE
Thank God for Germany. Europe Appears to Have
Forgotten the Age-old Lessons of History . By Robert Fisk. Our
state-of-the-art nations did not want these wretched people. They became
bloodsuckers, human mosquitoes, people-smugglers, a “swarm”
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Refugee
Crisis: What The Media Is Hiding. By Syrian Girl There
are a few things you should know about the Refugee Crisis - Its being used to
bomb the country the refugees are running from
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Why The US
and Iran Aren’t Cooperating Against IS. By Gareth Porter The logic of geopolitics, the
United States and Iran ought to be cooperating to contain and weaken the
Islamic State. [They’re no doing so ]
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50 Spies
Say ISIS Intelligence Was Cooked. By Shane Harris. It’s
being called a ‘revolt’ by intelligence pros who are paid to give their honest
assessment of the ISIS war—but are instead seeing their reports turned into
happy talk.
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Foreign
Invasion Force In Yemen Grows. By Moon Of Alabama. The U.S. has now silently joined the fighting [ Los soldados Americanos tendran que salir .. de lo contrario
contaremos la bolsas de plastico que traen sus restos ]
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Secret
Warfare. U.S. Special Forces Expand Training to Allies With Histories of Abuse.
By Nick Turse.
The had him at their mercy. The burly man, hooded and helpless, sat on the
ground
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The Invisible Empire. The Making
of Global Capitalism. By Chris Hedges. Chris Hedges and professor Leo
Panitch examine the genesis of global imperialism and capitalism
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GLOBAL RESEARCH
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NOTICIAS IN SPANISH
Ecuador.
Ayer Texaco, hoy Petroamazonas. Editorial
de Acción Ecológica
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Guatemala . En la resaca de lo sufrido. Ollantay Itzamná
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Vida y muerte del TISA en Uruguay. Antonio Elías
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Geopolítica de la frontera entre Venezuela y
Colombia. Julio Escalona
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Refugiados
sí, inmigrantes no?. Tras la conmoción por los refugiados, un riesgo
que es una paradoja. Javier De Lucas
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PRESS TV
‘US
doesn’t want to destroy ISIL’ Fri Sep
11, 2015 The United States and its allies have created the war in Syria and
have destabilized it since 2011, an analyst says. [ What about IRAN? ]
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Obama
celebrates Iran victory. Thu Sep 10, 2015 Barack Obama has hailed
Senate Democrats for blocking a resolution disapproving of the Iran nuclear
agreement.
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House
clears Iran deal bills for debate . Thu Sep 10, 2015 The US House of
Representatives cleared three bills related to the Iran nuclear deal for debate
on Thursday.
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Dems
block GOP bid to sink Iran deal . Thu Sep 10, 2015 Senate Democrats
block a Republican resolution disapproving of the Iran nuclear agreement,
handing Obama a major political victory.
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‘Europe
paying price for policies on Syria’. Thu Sep 10, 2015 Syria's
Information Minister Omran al-Zoubi says European countries should bear full
responsibility for the influx of Syrian refugees in the continent.
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Sanders
‘stunned’ by his own popularity. Thu Sep 10, 2015 Democratic candidate
Bernie Sanders has said that he is “stunned” by his own performance in recent
US presidential polls.
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‘US
plotting to topple Assad since 9/11’. Thu Sep 10, 2015 The US plots to
overthrow the Syrian government are as old as 9/11 terrorist attacks, an
American journalist says.
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