SEPT 15 15 SIT EC y POL
ZERO HEDGE
SEPT 15 15 SIT EC y POL
ZERO HEDGE
Reports that the official unemployment rate has fallen to
5.1 percent may appear to vindicate the policies of easy money, corporate
bailouts, and increased government spending. However, even the
mainstream media has acknowledged that the official numbers understate the true
unemployment rate. Disappointingly, but not surprisingly, few in
Washington, DC acknowledge that America’s economic future is endangered by
excessive spending, borrowing, taxing, and inflating. Instead, Congress
continues to waste taxpayer money on futile attempts to run the economy, run
our lives, and run the world.
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Head
Of China's 'Goldman Sachs' Probed For Insider Trading As "Market
Purification" Continues. Submitted by Tyler
Durden on 09/16/2015
Imagine for a moment the sentiment shock for mainstream
Americans if Goldman Sachs' Lloyd Blankfein was probed for insider-trading and
publicly scapegoated for causing a nation's equity market (and economy) to
collapse. While it may be true, it would never happen in America...
But in China, as part of what authorities call "purifying the
markets," the president of China’s biggest brokerage has been swept up in
a widening campaign to root out financial wrongdoing and assign blame for the
nation’s $5 trillion stock rout. As Bloomberg notes, shares are
falling further in today's markets as the probe of Citic Securities President
Cheng Boming comes after the state-run Xinhua News Agency reported last month
that four executives at Citic had admitted to so-called insider trading.
[One more probe that American’ mafias were involved in the
crisis of China ]
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How
The Justice Department Is Actively Preventing Civil Asset Forfeiture Reform.
Submitted by Tyler Durden on 09/15/2015 [ efforts of
correction in American Ec started ]
When we say that the rule of law is dead in America, we
are not exaggerating. Civil asset forfeiture is one of the most
unethical and barbaric practices routinely performed by law enforcement in
these United States today.Naturally, the Department of Justice is doing
everything it can to protect the practice.
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How
Our Energy Problems Lead To A Debt Collapse Problem. Submitted by Tyler
Durden on 09/15/2015 [ How to move out from oil to clean sources of energy is the
main problem ]
Usually, we don’t stop to think about how the whole economy
works together. A major reason is that we have been lacking data to see
long-term relationships. What we are doing now is building debt to
unsustainably high levels, thanks to today’s high cost of producing energy
products. This can be turned around. To do so would require immediate
production of huge quantities of incredibly cheap energy products - that is oil
at less than $20 per barrel in 2014$, and other energy products with comparably
cheap cost structures. Of course, such a low-price, high-growth scenario isn’t
really sustainable in a finite world either.
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Jesus College, Cambridge
hosted, once more, the world’s leading Symposium on Economic Crime, and over
500 distinguished speakers and panelists drawn from the widest
possible international fora, gathered to make presentations to the many
hundreds of delegates and attendees.
What became very quickly
clear this year was the general sense of deep disgust and repugnance that was
demonstrated towards the global banking industry.
I can say with some degree of
certainty now that a very large number of academics, law enforcement agencies,
and financial compliance consultants are now joined, as one, in their total
condemnation of significant elements of the global banking sector for their
organised criminal activities.
Many banks are widely
identified now as nothing more than enterprise criminal organisations, who
engage in widespread criminal practice and dishonest conduct as a matter of
course and deliberate commercial policy.
– From the excellent
article: The
Banking Criminals Exposed
My prediction is that bankers will be jailed
in the next economic/financial crisis. Lots and lots of bankers. .. [ WE HOPE SO !! ]
…
"What became very quickly clear this year
was the general sense of deep disgust and repugnance that was demonstrated
towards the global banking industry. I can say with some degree of
certainty now that a very large number of academics, law enforcement agencies,
and financial compliance consultants are now joined, as one, in their total
condemnation of significant elements of the global banking sector for their
organised criminal activities. Many banks are widely identified now as
nothing more than enterprise criminal organisations, who engage in widespread
criminal practice and dishonest conduct as a matter of course and deliberate
commercial policy."
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Putin
Accuses World Of "Using Terrorist Groups" To Destabilize Governments.
Submitted by Tyler Durden on 09/15/2015
"Countries need to put aside geopolitical ambitions
[and] direct or indirect use of terrorist groups to achieve goals that include
regime change, in order to counter the threat of Islamic State. Elementary
common sense responsibility for global and regional security demands the
collective effort of the international community."
[ Putin is not
accusing the world of "Using
Terrorist Groups" to impose regime change … he is accusing the US-UK and
other NATO allies to do so. Putin is right, there are a lot of evidences in
this regard. Check for instance UNMASKING
ISIS Must read Doct ]
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[ I do have HP …. Is a total disaster.. In addition HP cannot compete
with CO using new tech .. If HP go out of business is OK .. but the FED must
enforce the protection to the workers ]
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[ If nuke-war comes the whole world will pay for the wrong
neoliberal system that we couldn’t control. That includes the speculation-mafias created
by this system, the only ones who profit from it.. if they manage they survive, they will be hunt
alive or death .. if alive .. they will
be processed by a new Nuremberg Criminal Court for crimes against humanity and
other crimes .. We better clean that inhuman trash now: the Co that manufacture
WMD and the wants who create wars to
sell them. ]
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WTO's
Stark Warning On Global Trade: "The Timing Belt On The Global Growth
Engine Is Off". Submitted by Tyler
Durden on 09/15/2015
"It’s fairly
obvious that we reached peak trade in 2007"
...
[ if the WTO said that.. it means that a key institution
created by The Bretton Woods (originally named GATT) to support the market
deregulation in favor of the world financial oligarchy.. is accepting that this system start becoming obsolete since 2007.. and there is nothing to
do to save it .. we simply had a casino economy, a fake economy .. based on slaved
labor from China .. That was unsustainable .. and one single move from a US mafia
(the selling-buying of a huge Chinese stock in few hours of one single night ) made
it explode .. The correction of this predatory-speculation system is on. China
is doing its job .. but, we don’t .. In
the US we are doing the opposite.. we are planning to give these mafias the Nobel
price of greed.. In other words, we are planning to give them a QE (now called QT)
and a hike in interest rate .. for them to continue damaging emerging economies
.. On this coming Thursday Ms Yellen will open the Pandora box .. every body will be free to poison the economy .. free to
die ]
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Separating
Fed Delusion From Reality: The Environment Is Fraught With Risk. Submitted
by Tyler Durden on 09/15/2015 [ Nice warning!! .. but late. I guess everything is set to feed
the beasts ]
The data continues to suggest that the Fed is
contemplating actions inconsistent with those they have taken in the past. It
is possible the Fed is motivated to increase interest rates to support the
illusion that their higher interest rate projections and rosy economic
forecasts are finally coming to fruition. It is incumbent upon
investors to separate illusion from reality. Investing in such a
misunderstood and distorted economic environment is fraught with risk especially
for those failing to grasp this reality. While current Fed monetary
policy is clearly unsustainable, the Fed runs the risk of severely damaging
asset markets with any deviations from such policy.
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Explosive
Allegation: Citigroup Leaked Central Bank Trading Activity . Submitted
by Tyler Durden on 09/15/2015 Manipulation is
their job
"Our Investor Desk would comply with a weekly
request from (a client) for details of Central Bank activity that Citi had
transacted."
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Destroying
The "There Are No Signs Of An Imminent Recession" Meme In 4 Charts.
Submitted by Tyler Durden on 09/15/2015
Day after day investors are treated to 5-Star Morningstar
managers, so-called "strategists", economissseds with entire
religions on the line, and circus barkers who proclaim that:
a) The US is decoupled from the rest of the world; and/or
b) The US is the cleanest dirty shirt; an/or
c) There are no indications that the US economy is near a
recession.
Here are four simple charts - from, just today's data - that
destroy this glass half full and rose-colored ignorance of reality...
1) Business Inventories-to-Sales are at
recesssion-inducing levels... see graph
2) Industrial Production is - as would expeted given
the inventories - rolling over into recession territory...
3) Retail Sales is not supportive of anything but a
looming recession...
4) The last 6 times Auto Assemblies collapsed at this
rate, the US was in recession...
So - still think The US is "safe" - because stocks
are certainly not priced for anything other than a hockey-stick of hope in
earnings rebounds, let alone a collapse into recession.
Charts: Bloomberg
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The
Unstoppable Trump Juggernaut: How The GOP Establishment Hopes To Crush The
Donald's Presidential Run Submitted
by Tyler Durden on 09/15/2015
[ La idiotez of D.Trump :
the system doesn’ work , but is worth saving in its current broken
form. ..
In other
words: esta basura no sirve.. pero a nosotros los
cerdos nos alimenta ]
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Despite all the confidence-inspiring propaganda from any and
every mainstream talking-head,CEOs are cautious about the U.S. economy’s
near-term prospects and are trimming business plans for hiring and
capital investment over the next six months. According to The Business
Roundtable, the CEO Economic Outlook Index tumbled 7.2 pts, from
81.3 in Q2 to 74.1 in Q3 with the disparity between CEO's
employment perspective and the BLS 'augmented reality' having never been higher.
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How
Much Would A Bernie Sanders Presidency Cost? Spoiler Alert: A Lot Submitted
by Tyler Durden on 09/15/2015 – [ How much it cost to
keep the broken system ? ]
Mr. Sanders, a Vermont independent running for the
Democratic nomination, has so far detailed tax increases that could bring in as
much as $6.5 trillion over 10 years, according to his staff.
Image URL: http://www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/09/BernieCosts_0.png
Article source: http://www.zerohedge.com/news/2015-09-15/how-much-would-bernie-sanders-presidency-cost-spolier-alert-lot
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The party is over for tight oil. Despite brash
statements by U.S. producers and misleading analysis by Raymond James, low oil
prices are killing tight oil companies. Reports this week from IEA and EIA
paint a bleak picture for oil prices as the world production surplus continues.
EIA said that U.S. production will fall by 1 million barrels per day over the
next year and that, “expected crude oil production declines from May 2015
through mid-2016 are largely attributable to unattractive economic returns.”
IEA made the point more strongly. “..the latest price rout could
stop US growth in its tracks.”
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Demilitarization
Begins? California Bill Blocks Police Getting Grenade Launchers, Tanks From
Feds. Submitted by Tyler
Durden on 09/15/2015
After
years of militarizing the local police in America, California may just
have chalked one up for liberty-seekers (though we are not holding our breath). A
bill to stop the militarization of California police departments received final
approval in the state legislature last Thursday. The bill, which specifically
points out the dangers of police militarization, saying it would “declare
that this is a matter of statewide concern,” is now on its
way to the desk of Governor Jerry Brown.
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Market
"Ominously Hints Recession Imminent" BofA Warns Unless
"Unambiguous Pessimism" Leads To Stock Rally. Submitted by Tyler
Durden on 09/15/2015
The tone from
investors in the latest Bank of America survey is clear: as Michael Harnett
summarizes it, the one prevailing theme is "unambiguous pessimism."
Bottom line: either markets soar, or something bad is about to happen: to
wit:"Unambiguous pessimism means risk assets riper for a rally (note
investors don’t want a Fed hike this week). If no rally, then markets ominously
hinting “recession” and/or “default” imminent." Good luck Janet.
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It seems increasingly likely the next Global Financial
Meltdown will arise in the FX/currency markets. The core paradox - that central banks can't
control both domestic and global FX markets with the same set of policies -
cannot be resolved by printing $1 trillion, or even $5 trillion. Printing
money to fix one problem leads to another set of problems that are only made
worse by additional money-printing.
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Industrial
Production Plunges Most In 3 Years As Auto-Maker "Nightmare" Comes
True Submitted by Tyler
Durden on 09/15/2015
Industrial Production missed expectations notably,
dropping 0.4% MoM (the 6th of the last 8 months) missing expectations of a 0.2% drop (and
notably weaker than the +0.9% upward revised July print). Thjis is the biggest
MoM drop since August 2012. The big driver of the decline - just
as we warned of nightmares ahead - was auto assemblies which
plunged to a 4-year low by the most since Jan 2009. The year-over-year rise
in IP is just 0.9% - flashing yet another recession-looming indicator.
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Recession
Looms As Empire Manufacturing Collapse Show No Signs Of A Bounce. Submitted by Tyler
Durden on 09/15/2015
Despite some
strangely optimistic expectation of a -0.5 print, September Empire
Manufacturing printed -14.67, showing absolutely nohockeynesian dead-cat
bounce mean-reversion. Hovering at theworst levels since April 2009, the
underlying data is a total disaster. New Orders remain firmly negative and
inventories collapse (who could have seen that coming?), and even more
concerningly,employment and average workweek plunged into negative territory
for the first time in over a year. Simply put, this report suggests total
carnage in the manufacturing sector and, just as we have pointed out (most
recently here and here), the
exuberant inventory over-accumulation of the past few years - from Fed-deluded
malinvestment - is about to come crashing down.
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Submitted by Tyler
Durden on 09/15/2015 - 07:33
- China stocks resume sharp slide as
economic worries mount (Reuters)
- OECD head says sees further cut to
global growth forecasts (Reuters)
- The U.S. Dollar Is Gaining Like It's the
1980s — For Better or Worse (BBG)
- Glencore Slumps to Record Low, Erasing
Gains Since Debt Plan (BBG)
- Woman killed, 400 homes destroyed by
California wildfire (Reuters)
- Why Morning Is the Worst Time to Trade
Stocks (WSJ)
- German Investor Confidence Damped by
Weaker Emerging Markets (BBG)
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NOTICIAS IN SPANISH
Geopolítica
de América latina: Entre la esperanza y la restauración del desencanto: Alfredo
Serrano
[ Sera que Maduro tiene el culo de acero y no le importa
sentarse sobre bayonetas? ]
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Europa recoge lo que plantó.
Frei Betto
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WALL STREET DAILY
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GLOBAL
RESEARCH
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PRESS TV
Japan
says intercepts Russian plane. Tue Sep 15, 2015 Japan says it has scrambled four fighter jets to
intercept an intruding foreign aircraft, apparently a Russian one. [ Is this a war between RU & NATO? ]
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US
air capability falling behind Russia: Gen.. Tue Sep 15, 2015 A US Air Force general has admitted that the Unites
States air advantage is shrinking.
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Homeless
students more than ever in US. Tue
Sep 15, 2015 The number of American homeless students reaches 1.36 million.
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‘US
fueled violent conflict in Syria’. Tue Sep 15, 2015 US President Barack Obama has overseen the largest
military budget since World War ll, an anti-war activist in Europe says
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‘No US sanctions before Xi’s visit’ . Tue Sep 15, 2015 The United States will not
impose sanctions on China before President Xi Jinping's state visit next week,
a White House official says.
[ This is a typical US blackmail ]
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'Backing
terrorists behind refugee crisis'. Tue Sep 15, 2015 Syrian President Bashar al-Assad says the root cause of
the refugee crisis in Europe is the West's support for terrorists.
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