SEPT 3 SIT EC y POL
ZERO HEDGE
Flashpoint:
White House Confirms Russian Presence In Syria, Warns It Is
"Destabilizing". Submitted by Tyler
Durden on 09/03/2015
Checking the sources used for this article:
Al-Nusra linked Twitter account posted
pictures of a Russian drone and a Su-34 fighter jet - the kind which
is not flown by the Syrian air force - flying over the Nusra-controlled western
idlib province….
The Telegraph
reported that "Syrian state TV reportedly broadcasts footage of
Russian soldiers and armoured vehicle fighting alongside pro-Assad
troops." .. It added that "an unnamed activist with the Syrian rebel
group the Free Syrian Army told The Times: “The Russians have been there a
long time."
[To conclude that ]
"There are more Russian
officials who came to Slunfeh in recent weeks. We don’t know how many but I can
assure you there has been Russian reinforcement.”
Then earlier today we got the closest thing to a
confirmation from the White
House itself which confirmed that… Obama spokesman Joshn Earnest essentially confirmed
Russia was already operating in Syria "Any
military support to the Assad regime for any purpose, whether it's in the form
of military personnel, aircraft supplies, weapons, or funding, is both
destabilising and counterproductive."
And another confirmation: "a US official confirmed
that "Russia has asked for clearances for military flight to Syria," but
added "we don't know what their goals are."… "Evidence
has been inconclusive so far as to what this activity is."
[ The tittle of this art didn’t fit neither the content nor
reality.. what Joshn Earnest said was not an official statement of the White
House.. So, the sources used for this “flashpoint” are very unreliable (some British
media & US-CIA-Twitter ) they work in tandem with NATO and whatever they
say on Syria belong the rituals of false-flags & distortion or misrepresentation
of reality .. In
my opinion this is just one more piece
of anti-RU war mongerism .. in favor of regimen change]
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Europe's
Refugee Crisis "Out Of Control", Hungary PM Rages "This Is A
German Problem, Not An EU Problem". Submitted by Tyler
Durden on 09/03/2015
[ THIS IS A EUROPEAN PROBLEM .. The first time that some
neocons in Texas placed a wall on Mx immigrants it was a FEDERAL ISSUE … the
real problem in America & Europe now
is that is difficult to assemble a Union when the nation feelings are
distorted by the corporate media & big private interest … THE ONLY WAY TO
PUT TOGETHER SUCH A DIVERSE NATION-MOSAIC
IS TO CONSULT THEM VIA REFERENDUMS .. The Texas’ neocon racism failed ..
Texan farmer-and business accepted
quotas of Mx immigrants to run their business and the Federal need the immigrants to push
down the salaries at Fed-Nation level .. The
same will happen with the rightist in Hungary’s State, they will fail too …
xenophobia & racism belong to the past.. So, what is really a European
problem is the existing of such decaying ideological attitudes of Hungarian
rulers. .. they are the ones who do not belong to the future of a strong EU..
If Hungary people want walls .. then placed in their whole state and then they
will see that such appartaid will collapse in a matter of days.. unless they
get weapons from the US as happens in Israel. In my opinion,Hungarian people wants
to be part of EU .. to rich such a dream they have to take out from power their
rightist local rulers ]
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REMEMBER IT IS NOT FASCIST WHEN WE DO IT. America’s descent into totalitarian violence
is accelerating. It is a land in which facts have been redefined
as enemy propaganda, a land in which legally protected whistleblowers are
redefined as “fifth columns” or foreign agents subject to extermination, a land
in which America is immune from criticism and all crimes are blamed on those
whom Washington intends to rule.
[ En “Las Uvas de la Ira” John Steinbeck narro los
efectos de la crisis del 30 en la sociedad USA en su conjunto. No solo los inhumanos se vuelven
más inhumanos, los ricos, los que usaron la crisis para engordar sus bolsillos.
.. También ocurre lo inverso, las clases trabajadoras se vuelven mas solidarias
que nunca .. fueron los pobres de los community centers y los maestros y las capas medias or “yuppies” los que se
unieron para permitir que el sistema escolar no desaparezca, aun cuando los super-intendents y los principals
abandonaron sus puestos .. En situaciones de crisis es cuando nace abajo una revolución
humanista “hidden” oculta .. silenciosa pero
palpable a todo nivel .. Aun en la mujer negra que había perdido su hijo y decidió
amamantar con leche humana a un viejito blanco que debatía entre la vida y la
muerte, como lo narra Steinbeck .. Lo vi
también en la crisis que nacio con la Rev zapatista en Mx … fueron estudiantes
de la UNAM, la mayoría mujeres … las que viajaron a la selva lacandona como
voluntarias para levantar las escuelas que el sistema Federal había abandonado
.. allí la vi.. muriendo con las fiebres de selva .. por el delito de ser
humanas en tiempos en la que metralla asesina del Federal enlutaba Acteal. Decía el FED de Mx no tener dinero
para esas escuelas ni para brindar salud a las voluntarias de la UNAM .. Estos
ejemplo de humanismo, son revolucionarios en su esencia.. y son lo que permite
a una Nacion seguir existiendo como tal.
De forma que no solo crece lo inhumano que describe Paul Craig .. también
las crisis crean lo opuesto: humanismo revolucionario ]
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China is [NOT] going to sell large quantities of Treasuries.
There is too much co-dependency between the US consumer and Chinese exporter.
Destabilizing the US Treasury market with large sales would be tantamount to
shooting themselves in the foot.
[ Lo que yo creo es
que China camina hacia un modelo post-neoliberal y creo que si no lo hace su
propio pueblo se encargará de desmontar a las actuales burocracias .. es para
ellos cuestión de vida o muerte el abandonar el sistema neoliberal .. el
transito tiene al parecer un plan A: la transición pacifica, y un plan B, la
via violenta si es que se agrava la injerencia americana en la zona .. se
vienen preparando para ambas opciones y todo depende de la forma como
evolucione el macro-sistema Economico y
Geo-Politico .. es este contexto lo que definirá el valor del Treasury bond USA ]
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IGNORANCE IS NOT BLISS: Ignorance of economics
allows some very big falsehoods to be accepted as fact by large numbers of
people. And it’s only going to get worse as the presidential election
of 2016 unfolds.
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Turkey
Arrests Journalists, Sets Up Terrorist "Tip Line" As Currency
Plunges, Violence Escalates. Submitted by Tyler
Durden on 09/03/2015
Turkey has cracked down on press "freedom" and
whipped the public into a "terror" paranoia frenzy ahead of new
elections set for November. The bottom line: while the Western media is
preoccupied with China's censorship and stock market selloff witch hunt, a NATO
member is busy nullifying a democratic election outcome and instigating a civil
war, all in the pursuit of political power and all with Washington's explicit
blessing.
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Through the 20th century, the people of the West built up
a very high compliance inertia. People obeyed simply because they
had obeyed in the past. Authority quickly became addicted to this
situation, basing their plans on receiving every benefit of the doubt. Automatic
obedience, however, is a brittle thing. Economies of scale are
failing, the money cartel has been exposed, government schools have lost
respect, mass media is fading away, and the game continues because the populace
is distracted and afraid. And that will not last forever. The ‘walls’
of reflexive compliance are growing thinner. Any serious break may ruin the
structure.
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To answer the question: yes, the US recession is hiding just under the
"question mark" at the unexplained and perplexing divergence between
industrial production, and actual end sales all of which result in a record
inventory stockpiling which as we
showed before, is what recently boosted Q2 GDP to an unsustainable 3.7%
growth rate.
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"...we live in an age in which the policies of
the past are coming to an end. The Keynesian model does not work, and
our Empire does not work. This total failure has to change, and we need
to present the alternative."
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We live in a Fiat economy where growth is fuelled by
debt, and less and less from productivity and demographics. This takes
place in a closed circuit with the US dollar as the reserve currency. The
problem now is that the economy can not get restarted without changes to one or
several parameters. Simply put, this fiat economy is unsustainable and must
change, and we must adjust to slower growth and start actually
producing.
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Mapping The Crisis Contagion Process: The Flowchart. Submitted by Tyler Durden on 09/03/2015
We stand once again at the precipice of crisis and central
banks are out of ammunition and, perhaps more importantly, completely out of
credibility. Indeed, the fact that we are facing a new Asian Financial
Crisis, emerging market mayhem, harrowing bouts of volatility accompanied by
ever more frequent flash crashes across asset classes seems to prove that far
from "smoothing out" the business cycle, Keynesianism gone wild in
fact does the exact opposite: it creates the conditions for still greater booms
and busts and thereby serves to destabilize markets.
In light of the above, we present the following flowchart
from BNP which should serve as a helpful roadmap for those wondering how we
just went from one major crisis to another in the space of seven years and all
we have to show for it is more debt and trillions in printing press money that
did next to nothing to boost aggregate demand.
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We are in the midst of an
unprecedented global deflation. A real live bear market is once again at
hand.
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The risk-off tide is rising, and sand
castles of QE will only hold the tide back for a brief period of apparent calm.
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Saudi
Arabia Just Cut Crude Selling Prices To The US, Europe And Asia. Submitted by Tyler
Durden on 09/03/2015
WTI Crude oil prices are in total panic buying mode this morning as the algos are fully in
charge once again. WTI is up 5% this morning in a straight line since US equity
markets opened (and USO went vertical). What is most ironic is thatSaudi
Aramco just slashed prices for crude oil to everyone around the world.
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Democrats are the happiest relative to Republicans in
over 3 months according to
Bloomberg's Consumer Comfort index. In fact, whether because the market is
tumbling or The Donald is soaring,Republican 'comfort' is the lowest since
Nov 2014 while Democrat 'comfort' remains relatively stable... See Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09/20150903_bernie_1_0.jpg
Charts: Bloomberg
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For
The Average American, A Modest 10% Correction Is Now A "Market Crash".
Submitted by Tyler Durden on 09/03/2015
As the chart below shows, in the age of artificially
supressed volatility, even a plain vanilla market correction now generates the
type of emotional shock comparable to the biggest market collapse since the
Great Depression, and judging by the Google Trends
chart, searches for "market crash" are on par with those
recorded during late 2008! Source: google trends
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Moments ago Challenger reported August job cuts, which at
41,186 were a 60% drop from the 115,730 reported last month (the highest since
September 2011), which however was driven by a one-time mass layoffs last month
in military staffing. Putting August in its correct perspective, the number was
2.9% higher than the same month a year ago, when 40,010 planned job cuts were
announced. So far in 2015 employers have announced 434,554 job cuts: that
is up 31 percent from the 332,931 planned layoffs in the first eight months of
2014. What is worst, and what reveals the true picture of the economy,
is that with monthly totals averaging 54,319, 2015 job cuts are on
track to exceed 650,000 for the yeajesusr, which would be the highest year-end
tally since 2009 (1,272,030).
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Submitted by Tyler
Durden on 09/03/2015 - 07:32
- U.S.
Treasury's Lew says China will be held accountable on currency (Reuters)
... but not Japan
- Bank
of Japan Not Convinced of Need for Further Easing (WSJ)
- Stocks
Advance With Commodities on Signs of European Revival (BBG)
- IMF
Says China Slowdown, Other Risks Threaten Global Outlook (WSJ)
- Xi
Says China No Threat, Announces Military Cuts at Parade (BBG)
- China
holds massive military parade, to cut troop levels by 300,000 (Reuters)
- Migrants
leave Budapest for Austrian frontier; pressure builds for EU action (Reuters)
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All eyes will be on Mario Draghi on Thursday as expectations
for something big from the former Goldmanite have grown over the past two
weeks. More specifically, some now think the odds of QE expansion have
increased considerably in light of collapsing eurozone inflation expectations,
the incipient threat of some $1 trillion in QE-offsetting EM FX reserve draw
downs, turmoil in China's financial markets, heightened volatility across the
globe, and chaos in emerging markets from LatAm to AsiaPac.
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With
China's Market Chaos Offline, Futures Levitate On ECB Easing Hopes. Submitted
by Tyler Durden on 09/03/2015
With China closed today, the usual overnight market
manipulation fireworks out of Beijing were absent but that does not meant asset
levitation could not take place, and instead of the daily kick start out of
China today it has been all about the ECB which as we previewed two days ago,
is expected -
at least by some such as ABN Amro - to outright boost its QE,
while virtually everyone else expects Draghi to not only cut the ECB's
inflation forecast, which reminds us of the chart which in March we dubbed the
biggest hockeystick ever (we knew it wouldn't last) but to verbally jawbone the
Euro as low as possible (i.e., the Dax as high as it will get) even if the
former Goldmanite does not explicitly commit to more QE.
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RT & LATEST SHOWS
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WASHINGTON BLOG
Is the Stock
Market Now “Too Big to Fail”?. Posted on September 3, 2015 by Charles
Hugh Smith. The U.S. stock market is integral to the global
financial system in two ways.Now that investment banks, pension funds,
insurers and multitudes of 401K retirement plans are dependent oncurrent
equity valuations, a crash would impair virtually the entire spectrum of
finance from hedge funds to banks to insurers to pension plans.
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In
Syria, Putin Calls Obama’s Bluff, Joins War Against ISIS, Posted on September 2, 2015 by Eric Zuesse.
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NEWS IN SPANISH
Un testimonio de la frontera caliente
Colombia-Venezuela. José Cornejo
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En el vientre de Matrix o en las fronteras de
Europa. Ernesto Ruiz
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PRESS TV
'Taking
Saudi as ally belies US rights claims'. Thu Sep 3, 2015 HRW says US partnership with
Saudi Arabia stands in contrast with Washington's human rights claims.
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‘GOP
candidates fighting for Zionist pie’. Thu Sep 3, 2015 Republican US presidential
candidates are fighting to grab a big piece of the Zionist pie, an American
scholar says.
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‘US
plants seeds of fear about China’. Thu Sep 3, 2015 An analyst says that by
“exaggerating” threats of a military encounter with China, the US spreads fear
against the country.
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NATO
opens new military post in Lithuania. Thu Sep 3, 2015 NATO launches a new military
command center in the Lithuanian capital amid growing tensions with Russia over
Ukraine.
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US
launches advanced military satellite. Thu Sep 3, 2015 The US Navy has launched a new
tactical communications satellite into earth’s orbit.
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IMF:
China impact worse than thought. Thu Sep 3, 2015 The International Monetary
Fund says China’s slowdown and other factors are pushing the global economy to
much deeper trouble than originally thought.
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Turkey
to blame for refugee crisis: Syria. Thu Sep 3, 2015 Syria’s deputy foreign
minister blames Turkey for pushing Syrian refugees to seek asylum in Europe.
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'China’s
warships spotted off US coast'. Thu Sep 3, 2015 For the first time ever,
China’s military ships have been seen operating off the US coast, the has
Pentagon confirmed.
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