SEPT 2 SIT EC y POL
ZERO HEDGE
This nation has become a land where character and
integrity are secondary to profits for the few and self serving interests of
the powerful. And as we are seeing already for the third time in this
millennium’s infancy, stability and prosperity can be but short lived for even
the highest paid CEO’s in such a world.
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In
Dramatic Escalation, China Sends Five Navy Ships Off Alaska Coast For First
Time Ever. S-by Tyler
Durden on 09/02/2015 [ The escalation of
war-business .. how many we put around China? ]
WSJ reports, "five Chinese navy ships
are currently operating in the Bering Sea, off the coast of Alaska, the
first time the U.S. military has seen such activity in the area, Pentagon
officials said Wednesday”. Read this
other one: Who
Would Win World War 3? The Infographic
[ Of
course US-Pentagon associates will be the winners if the quantity of weapons is
the criteria . A MISSING FACT: we are already the top exporters of WMD .. what a way of
honoring Obama’s trophy on peace]
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Heresy!
China Won't Stick To IMF, World Bank Lending "Religion" With AIIB.
Submitted by Tyler
Durden on 09/02/2015.
The AIIB is quietly
making preparations to officially commence operations and as Reuters notes,
China is set to “rewrite the unwritten rules of global development finance” by
doing away with certain conditionalities required by Western multilateral
lenders. Here’s Reuters
with the story:
The Asian Infrastructure Investment Bank (AIIB) will require projects to be legally transparent and protect social and environmental interests, but will not ask borrowers to privatize or deregulate businesses for loans, four sources with knowledge of the matter said.
By not insisting on some free
market economic policies recommended by the World Bank, the AIIB is likely to
avoid criticism leveled against its rivals, who some say impose unreasonable
demands on borrowers
“Privatization will not
become a conditionality for loans," said a source familiar with internal
AIIB discussion…"Deregulation is also not likely to be a condition,"
he added. "The AIIB will follow the local conditions of each country. It
will not force others to do this and do that from the outside."
In reality the US and the IMF completely misread the Asian currency
crisis that began in 1997, and their errors caused tremendous damage to
crisis-struck countries in the region.
The decision of many Asian countries to participate in the AIIB is
probably due in part to a distrust of the US born during the currency crisis.
With that, we
will conclude with the following question: How ironic will it be when the first
loans China makes through the AIIB are to the very same Asian countries who
supported the new lender because of their negative experience with US-led
institutions during the last Asian Financial Crisis.. [irony ??]
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Martin
Armstrong Warns: The #1 Terrorist Group Is You, Domestic Citizens. Submitted
by Tyler Durden on 09/02/2015
As Jim Quinn explains, YOU
are the enemy of the state. They don’t give a stuff about you. They
treat you as sheep and cows to be sheared and milked. If you start questioning
them, they will slaughter you. They have militarized the police forces and put
you under 24 hour surveillance because they fear an uprising. There only a few
hundred thousand of them and there are millions of us. A conflict is
looming.
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It is time for a comprehensive audit of Janet Yellen ’s
Federal Reserve - and not just for the reasons presidential candidate Rand Paul
and others have given. The Fed needs to be audited to see if its
ruling body has broken the law by manipulating financial markets that are
outside its jurisdiction.
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Second
Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of
"Another Downturn". Submitted by Tyler
Durden on 09/02/2015
Calstrs: the
nation's second largest pension fund with $191 billion in assets (smaller only
than Calpers), which
as the WSJ reports is "considering a significant shift away
from some stocks and bonds amid turbulent markets world-wide." According to
the WSJ, it will move as much as $20 billion, or 12% of the fund’s
stock portfolio, into other assets, including Treasurys.
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Economies around the world are in shambles.All
central banks and banking systems are overextended. So too are political
entities. The geo-political situation is worse than any time since World War
II. The nature of politics is to kick the can down the road. We are
nearly out of road. The scam is likely at its end regardless of what
is tried. The piper is coming for what he is owed.
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With all eyes glued to Friday's payrolls report, we thought
it worth reiterating some 'facts' about US employment data. As ECRI
notes, the sustained decline in the official jobless rate – now
approaching the Fed’s estimate of “full employment” – is a misleading indicator
of labor market slack. The data shows that the so-called jobs
recovery has been spearheaded by cheap labor, with job gains going
disproportionately to the least educated — and lowest-paid — workers. This
is scarcely a good basis for resilient consumer spending driven by “solid” job
growth that the consensus – including the Fed – is banking on.
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[ Excellent idea .. and the image that comes with this
suggestion is good too ]
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Putin
Targets US Monetary System: "Aims To Eliminate US Dollar From Trade".
Submitted by Tyler Durden on 09/02/2015
Something is afoot as de-dollarization escalates around
the world. With CNY/RUB trading volumes up a stunning 400%
year-over-year to record highs, and hot on the heels of China's (and
much of EM Asia) dumping dollar assets, Russian President Vladimir Putin has
just unleashed a new bill aiming to completely eliminate the US dollar from the
trade of goods. READ ALSO: Russia’s
Putin Drafts Bill to Dump Dollar, Euro from CIS Trade
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US Manufacturers saw
new orders rise at a modest 0.4% in July (missing expectations of a 0.9%).
However, year-over-year Factory Orders crashed 14.7% (thanks
in large part to last year's Boeing order dropping out of the cycle). But even
ex-Transports, New orders tumbled 0.6% in July and plunged
6.9% YoY. This is the 9th month in a row of YoY drops and is without doubt
signalling an imminent US recession...
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"The
Biggest Problems We Face Is That We’re All Flying Blind To A Large Degree"
Warns Deutsche Bank. Submitted
by Tyler Durden on 09/02/2015
"One of the biggest problems we face is that there
is no historical template for current global market conditions so we’re all
flying blind to a large degree. Never
before have so many of the most important countries in the world printed so
much money and left base rates at near zero for so long. Also never
before has the largest economy in the world tried to start a slow process of
reversing said extraordinary policy. So there is no road map for this
journey, only educated (hopefully) predictions."
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Submitted by Tyler
Durden on 09/02/2015 - 07:34
- Markets on edge as policymakers flex
muscles (Reuters)
- European shares recover from rough ride
(Reuters)
- For Stock Markets, the Moment When
Humans Matter (WSJ)
- Puerto Rico's PREPA, bondholders have
framework for deal (Reuters)
- Hundreds of migrants protest at Budapest
station, want to go to Germany (Reuters)
- New Whale Seen Moving Tokyo Markets (BBG)
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China
Stocks Fail To Close Green Ahead Of National Holiday Despite Constant
Intervention, US Futures Rebound.
Submitted by Tyler Durden on 09/02/2015
Since today was the
last day of trading for Chinese stocks this week ahead of the 4-day extended
September 3 military parade holiday to mark the 70th anniversary of the allied
victory over Japan, and since Chinese stocks opened to yet another early
trading rout coupled with the PBOC's biggest Yuan strengthening since 2010 as
we observed earlier, there was only one thing that was certain: massive
intervention by the Chinese "National Team" to get stocks as close to
green as possible. Sure enough they tried, and tried so hard the
"hulk's" green color almost came through in the last hour of trading
and yet, despite the symbolic importance of having a green close at least one
day this week ahead of China's victory over a World War II foe, Beijing was
unable to defeat the market even once in the latest week which will hardly bode
well for Chinese stocks come next week.
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GLOBAL RESEARCH
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NEWS IN SPANISH
Chile. Legado y presente del Movimiento de Izquierda
Revolucionaria (MIR). Franck Gaudichaud
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