NOV 20 15 SIT EC y POL
Hang
Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion
Bail-in. Posted on November 20, 2015 by WashingtonsBlog . By Ellen Brown.
In uncertain times,
“cash is king,” but central bankers are systematically moving to eliminate that
option. Is it really about stimulating
the economy? Or is there some deeper, darker threat afoot?.. [Perhaps..]
.. you may soon be paying the bank to hold your funds rather than the reverse.
[ The case is that..]
Four European central banks – the European Central Bank, the Swiss National
Bank, Sweden’s Riksbank, and Denmark’s Nationalbank – have now
imposed negative interest rates on the reserves they hold for
commercial banks; and discussion has turned to whether it’s time to pass those
costs on to consumers. The Bank of Japan and the Federal Reserve are still at
ZIRP (Zero Interest Rate Policy), but several
Fed officials have also begun calling for NIRP (negative rates).
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The Fed Has Set the Stage For a Stock Market Crash Posted by: Phoenix Capital...
Post date: 11/19/2015 The Fed has conditioned investors to
ignore fundamentals, valuations, and the business cycle. As a result, we are in
another bubble that will burst as all bubbles do.
..
[ Is this a case of USUAL MANIPULATOR S of the MARKET being
MANIPULATED by the FED? ]
ZERO HEDGE
Albert
Edwards Explains What The Next Stage In Global Currency War Look Like. Submitted by Tyler
Durden on 11/20/2015
[ Mas claro que el agua, no podría ser. Un nuevo saqueo de
los Bancos Centrales del mundo se avecina con el QE que viene y la elevación de la tasa
de intereses por pagarse a deudas contraídas en USD.: “Rather than pretending
not to target the exchange rate and pursuing domestic money printing, which
distorts domestic asset prices, raises inequality and only indirectly works to
weaken the exchange rate, the next stage of the currency war will be direct FX
intervention. .. We can't wait, .. just imagine the epic profits that front-running
billions in FX trades coming directly from central banks, and no longer
disguised via Trust Banks, will lead to”. ]
..
“Albert Edwards is
not a fan of QE, but even he makes one exception. As he notes in his latest
note "Going all in", Japan has no option "as it is fiscally
bust." Albert Edwards. www.zerohedge
..
Here
some extract from this article:
Edwards notes that
QE works by driving up financial asset prices; but that, "in practice,
seems to have had a limited effect in boosting the real economy ?aside from
increasing inequality. Furthermore, the one (price) thing that QE does change
and that does make an economic difference is that it enables a lower exchange
rate ? but only to beggar thy neighbour."
According to Edwards
this means that the currency wars waged over the past 7 years will likely have
to be taken to the next level. And to explain what that means Edwards looks at
the infamous Ben Bernanke 2002 speech "Deflation:
Making Sure "It" Doesn't Happen Here"
"The
Fed can inject money into the economy in still other ways. For example, the Fed
has the authority to buy foreign government debt, as well as domestic
government debt. Potentially, this class of assets offers huge scope for Fed
operations, as the quantity of foreign assets eligible for purchase by the Fed
is several times the stock of U.S. government debt.?"
But this is the killer paragraph,
..
“Although a
policy of intervening to affect the exchange value of the dollar is nowhere on
the horizon today, it's worth noting that there have been times when exchange
rate policy has been an effective weapon against deflation. A striking example
from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar
against gold in 1933-34, enforced by a program of gold purchases and domestic money
creation. The devaluation and the rapid increase in money supply it permitted
ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation
in the United States, year on year, went from -10.3 percent in 1932 to -5.1
percent in 1933 to +3.4 percent in 1934. The economy grew strongly, and by the
way, 1934 was one of the best years of the century for the stock market. If
nothing else, the episode illustrates that monetary actions can have powerful
effects on the economy, even when the nominal interest rate is at or near zero,
as was the case at the time of Roosevelt's devaluation”.
In other words
Bernanke, if circumstances necessitate it, advocates direct foreign exchange
intervention as a tried-and-tested route to reviving growth and eliminating
deflation. QE has been dressed up by the Fed et al in a pretentious theoretic
framework as working through a portfolio balance approach, driving interest
rates so low that people are forced out of cash into financial assets,
underpinning consumption via wealth effects. Let?s not beat around the monetary
bush, one of the main aims of QE is to drive down one currency to gain a
competitive advantage without overtly doing so. But, that mask is now lifting,
with the ECB?s Draghi openly stating that a weaker euro was one of its main
targets in adopting its QE programme.
Rather than
pretending not to target the exchange rate and pursuing domestic money
printing, which distorts domestic asset prices, raises inequality and only
indirectly works to weaken the exchange rate, the next stage of the currency
war will be direct FX intervention. China has pursued this course of
action, after all, for most of the past decade.
Edwards' conclusion:
So much of what we now accept as routine in financial
markets would have been thought impossible prior to the 2008 crisis ?- the next logical stage in the global currency war will be direct F X intervention!
We can't wait, and neither can Virtu: just imagine the epic
profits that front-running billions in FX trades coming directly from central
banks, and no longer disguised via Citadel or Japanese Trust Banks, will lead
to.
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Is
This How The Next Global Financial Meltdown Will Unfold?. by
Charles Hugh-Smith of OfTwoMinds blog, S- by Tyler Durden
on 11/20/15
“The sums in play
are so staggering (an estimated $11 trillion in emerging market debts
denominated in other currencies) that even the Fed won't be able to stop
the meltdown.”. www.zerohedge
HERE SOME EXTRACT OF THIS ART:
Currencies are in the midst of multi-year revaluations
that will destabilize the tottering towers of debt, leverage and risk that have
propped up global growth since 2009. … Though the relative value of currencies
is discovered in the global FX market, there are four
fundamental factors that influence the value of any currency:
1. Capital flows into and out of
the currency (and the nation that issues the currency).
2. Perceived risk, specifically,
will this currency preserve my global purchasing power (i.e. capital) or erode
it?
3. The yield or interest rate
paid on bonds denominated in this currency.
4. The scarcity or
over-abundance of the currency.
One proxy for the absolute destruction of commodity-based
income streams and assets is the CRB Index. No wonder emerging economies that depend heavily on the export of
commodities are cratering, along with the currencies they issue.
Raising interest rates has a
brutally negative effect on the domestic economy, as higher rates choke off domestic lending,
which then pushes the economy into recession.
It's a no-win double bind, though, for doing nothing and
letting one's currency implode drains the nation of capital and makes imports
unaffordable. That matters when the
imports are energy and/or food. … When those become
scarce and unaffordable, social disorder soon follows.
The currency that
has benefited from this reversal of capital flows is the U.S. dollar (USD):
Debt/currency crises tend to
trigger defaults and weakness in other currencies. We have a recent example of such a crisis: the Asian Contagion of 1997-98. Though that crisis was
linked to Thailand's failed bid to support its currency's peg to the U.S.
dollar, the current situation is actually far more fragile as the destruction
of commodity income and valuation raises the risk of sovereign defaults,
corporate bond defaults, and capital flight that deepens already severe
emerging-market recessions.
The bone-dry half-dead forest
awaiting an igniting lightning strike is the global mountain of debt--debt
which is no longer supported by current valuations of commodities and risk…. In effect, a currency crisis is simply the
abrupt revaluation of the currency to reflect new realities.
As emerging market currencies
decline, the income streams needed to service all the debt denominated in U.S.
dollars declines, a
self-reinforcing dynamic: as income and valuations
fall, capital flees, pushing the relative value of the currency down even more,
which further raises the risk premium that then
triggers even more capital flight.
The sums in play are so staggering (an estimated $11 trillion
in emerging market debts denominated in other currencies) that EVEN THE FED WON'T BE ABLE TO STOP THE MELTDOWN.
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The End
Of The Recovery, In One Chart. by
John Rubino via DollarCollapse.com,
S- by Tyler Durden on 11/20/2015
Why would
companies hire more people if they’re selling less stuff? The answer is that
they probably won’t. www.zerohedge
Here some extracts
of this art
When sales have fallen, companies have responded with
less hiring and more firing. But
for the past year sales have declined while reported employment has risen.
Unless this relationship no longer holds, one of these
lines will have to change course very soon. And since sales are beyond anyone’s control, it’s a safe bet that
employment will be the one to give.
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Carson
Compares Syrian Refugees To "Rabid Dogs" After Trump Calls For Muslim
ID Cards. Submitted by Tyler
Durden on 11/20/2015
[ Please check carefully in the Video the
context & meaning on this statement ]
"At the same
time, I love dogs but I'm going to call the humane society and hopefully they
can come and take this dog away." www.zerohedge
[ This title is miss-leading. After
checking the tape I realize the true meaning of Carson statement. I didn’t
contain any xenophobic attitude as corporate media portrayed in their wish to
downplay him and favor the big millionaire- rats: H Clinton & D Trump. What
Carson did say is that when a dog run streets with signs of rabies or hydrophobia
–or rabia in spanish- is natural that people in fear take precaution and hide.
He was describing the effects of terrorism on people in Paris and the whole
Europe, now submitted to the experiment of the US Patriot Act. Why the Corp
media miss-interpret Carson statement? They are afraid of Carson join Sanders
to create a NATIONAL FRONT to rebuilt America and create a 3rd
choice by abandoning their current crook parties. Of course the crony Hillary
is very afraid of this alliance too. That is why the millionaires in both parties
agreed to put down Carson and Sanders. Those parties (Dems & Reps ) are now
performing electoral fraud by distorting messages from opposite contender. That
is the way electoral fraud works in days previous to the election. This a
dishonest way of excluding the contender. It is a mafia style of electoral
fraud. We will see more of this now on. The millionaires Hillary and Trump go
hand on hand in this dirty tactic. They are both financed by anonymous
Super-packs. Trump manage to hide that support, but Hillary cannot do it. Her cronyism
is well known & one more lie will bury her. Those super-pack are paying for
these distortion in the corporate media.
I suggest to zerohedge managers to be careful with the dirty tactics of the
corporate media ]
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- French, U.S. Troops Enter Mali Hotel as Gunmen Hold Hostages (BBG)
- Top suspect seen on CCTV in metro during Paris attacks (Reuters)
- Paris Attacks’ Alleged Ringleader, Now Dead, Had Slipped Into Europe Unchecked (WSJ)
- Global shares march on as alarm bells ring for metals (Reuters)
- European Stocks Rise With Asian Shares as Zinc, Ringgit Advance (BBG)
- World leaders arrive for summit amid heavy security (Reuters)
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How
Islamic Extremism Was Born. Submitted
by Tyler Durden on 11/19/2015
[ Is past history used
to hide current brutalities of Saudis,
Qatar, Kuwait & Turkey in Syria? ]
“History takes no
prisoners. It shows, with absolute lucidity, that the Islamic extremism
ravaging the world today was borne out
of the Western foreign policy of yesteryear.”
www.zerohedge
[ Certainly history can be
converted into prison .. you lie & lie & you create religions, dogms,
false myths and other stupid ideological frames that are difficult to cast them
off ]
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"People
Are Worried" - Chinese Authorities Arrest 'King Of IPOs' & 'Hedge Fund
Brother No. 1'. Submitted by Tyler
Durden on 11/19/2015
[ People is not
worry.. is happy to stop fraud in China ]
..
..
“The arrests or investigations targeting the finance
industry in the aftermath of China’s summer market crash have intensified in
recent weeks according
to Bloomberg, creating a climate of fear among China’s finance firms
and chilling their investment strategies. As one professor of Chinese economy
noted, "some in the political
leadership sought to find scapegoats to
blame" for the market crash which along with massive intervention
"created uncertainty and
anxiety that can only undermine the effort to make these markets work
better.". www.zerohedge
[ China should fumigate those cockroaches .. not compassion at
all to them.. they caused a lot of damage to the economy and to people from China.. they are not
investor.. they are scam speculators, the worse plague of our time .. fumigate them! ]
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WASHINGTON BLOG
Hang
Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion
Bail-in. Posted on November 20, 2015 by WashingtonsBlog . By Ellen Brown.
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America’s
Great Lie. Europe’s Great Shame. Russia’s Great Case. Posted on November 20, 2015 by Eric Zuesse. Originally posted at strategic-culture.org
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INFORMATION CLEARING HOUSE
Democratic
Socialism in the United States. By Bernie Sanders VIDEO https://youtu.be/eQcmzGIKrzg
In the midst of the Great Depression, President Franklin Delano
Roosevelt looked out at the nation and this is what he saw… He saw tens of millions of its citizens denied
the basic necessities of life.
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U.S. spying showed Washington is determined to take control of
Venezuela's oil resources.
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Are U.S. operations helping to spawn and spread terror groups? Is the
Pentagon inflating the terror threat for its own gain?
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Anti-Syrian
Muslim Refugee Rhetoric Mirrors Calls to Reject Jews During Nazi Era:
During the 1930s and early 1940s, the United States resisted accepting large
numbers of Jewish refugees escaping the Nazi terror sweeping Europe, in large
part because of fear mongering by a small but vocal crowd.
...
[ THE NEO-NAZI MACHINE OF DISTORTION GOES ON IN AMERICA. The demonization of Ben Carson is an example. The
Independent from UK & all the corp media in the US joined this campaign.
They pick-up a frase out of its context to portrait Carson as xenophobic. Those
who listen the tape will realize that this is a nasty distortion. What Carson mean was: when a dog run streets with signs
of rabies or rabia in spanish- is natural that people in fear take precaution
and walk away. He was describing the effects of terrorism on people in Paris
and the whole Europe, now submitted to “fear” experiment of the US Patriot Act.
Why the Corp media miss-interpret Carson statement? They are afraid Carson join Sanders to create a NATIONAL
FRONT to rebuilt America –a real democratic 3rd
choice- by abandoning their crook
parties. Of course Hillary -the crony, inefficient,
liar & war monger- is very afraid of
this alliance too. .. This is why the millionaires in both parties agreed to
put down Carson and Sanders. In doing this nasty campaign (Dems & Reps )
are performing electoral fraud. Distorting messages from opposite contenders is
a way of electoral fraud, is the way fraud works in days previous to election. It
is a dishonest way of excluding a contender. The millionaires Hillary and Trump
go hand on hand in this dirty tactic. They are both financed by anonymous
Super-packs (though Trump manage to hide it). Those super-pack are paying these distortions
in the corporate media. It is sad that progressive media –like ICH- joined such
dirty distortion. Case in point: Ben Carson
Likens Syrian Refugees to 'Rabid Dogs', By Andrew Buncombe ]
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“We had warned about what would happen in Europe, three years ago. We
had said, 'Do not take what is happening in Syria lightly, it will be like an
earthquake that will spread around the world.”
..
[ To me Syria is a sign of collapse of the
stupid US strategy known as “regime change” ]
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Guile
Replaces The Stick: Washington’s New Approach To Russia. By Paul Craig Roberts
Washington will take advantage of Russian desire for Western
cooperation and will use this desire in order to bring Russia under Western
influence, thus reestablishing Washington’s hegemony. [for more on this logic
OPEN: PBS NewsHour
Uses Russian Airstrike Footage While Claiming U.S. Airstrike Successes, By
Moon Of Alabama. AND Proof U.S.
Government Wanted ISIS To Emerge In Syria By Anchor Ben Swann
..
[ I don’t think
Russian are stupid.. so far, whatever US puppets said, RU converted into trap for
them .. into a boomerang. .. I guess, they will continue doing so. ]
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NOTICIAS IN SPANISH
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EEUU y Alemania financian la imposición del imaginario del fraude. Álvaro Verzi Rangel
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Qué es la empresa minera brasileña Vale do Rio
Doce?. François Houtart
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Cinco problemas de las ciencias de la
complejidad y la globalización neoliberal. Pablo González
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PRESS TV
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