JAN 14 16 SIT EC y POL
1-
Hilary’s immoral inefficiency: EMAILS
PROVE HILLARY KNEW LIBYAN REBELS WERE CONDUCTING ETHNIC CLEANSING, SUPPORTED
THEM ANYWAY
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2-"THIS IS WHY OBAMA IS BULLISH ON THE ECONOMY" http://www.zerohedge.com/
..
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ZERO HEDGE
ECONOMICS
A financial oligarchy has seized control of the country,
and, since it can't control its own appetites, is running it into the ground.
Thus, it would make sense for it to have some sort of back-up plan for when the
whole financial house of cards falls apart. Ideally, this plan would
effectively put down any chance of revolt of the downtrodden masses, and allow
the oligarchy to maintain security and hold onto its wealth. Peacetime is
fine for as long as it can placate the populace with bread and circuses, but
when a financial calamity causes the economy to crater and bread and circuses
turn scarce, a handy fallback is war. http://www.zerohedge.com OPEN: FINANCIAL
COLLAPSE LEADS TO WAR. http://nd-hugoadan.blogspot.com/2016/01/financial-collapse-leads-to-war.html
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Alberta
Freezes Government Salaries As Canada's Oil Patch Enters Second Year Of
Recession. Submitted by Tyler
Durden on 01/14/2016: "The Alberta Public Service is made up of hard
working and dedicated women and men who do valuable work each and every day in
the service of Albertans. However, to maintain stability and protect jobs
within the public service, we must deal with the economic realities we’re
facing.”
[US hike-rates is accelerating the 2nd WORLD
DEPRESSION after the one in 1930s .. CANADA our neighbor is falling apart .. it is sad, but it is real
]
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"Markets
Crash When They're Oversold". Submitted by Tyler
Durden on 01/14/2016. : When markets begin a "bear" cycle,
they can remain in an oversold condition for extended periods. There is an
important 'truism' to remember - "Markets crash when they’re
oversold."
[ Tantos no se pueden equivocar … todo indica que nuestro
sistema neoliberal se está yendo a la merda. ]
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The
"World's Most Bearish Hedge Fund" Crushed It In 2015. Submitted
by Tyler Durden on 01/14/16.: "Your fund made
5.6% net last month, to finish the year up 20.45% net. Gains came from the
short book.... Your fund remains long bonds, short equities."
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The
'Real' Price Of Oil Is Below $17. Submitted by Tyler
Durden on 01/14/2016. “Bloomberg
notes, while oil prices flashing across traders' terminals are at the
lowest in a decade, in real terms the collapse is considerably deeper. .. Saudi Light Crude is trading at below $17
(in 1998 dollar terms) - the lowest since the 1980s...”
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Trapped
Inside The Zero-Bound: Crossing The Economic "Event Horizon". by
Mark Jeftovic via Rebooting Capitalism blog, Submitted by Tyler Durden on
01/14/2016
..
[ HE AQUÍ UNA DISTOPIA DE CONEJOS:
Estamos atrapados en una trampa de la que jamás podremos salir,
se nos dice en este art. El “hike-rate” ha creado un black-hole, una trampa
para conejos que no tiene fondo, trampa que la controla “Mr
Global” : las grandes mafias financieras. Quiza podemos regresar al zero-interest-rate
para retornar un poco de estabilidad al sistema neoliberal, pero esto solo si
es lo que más conviene a un sector de las mafias que controlan el poder; es
decir, ni siquiera el regreso al zero-interest-rate depende de la Nacion (las capas medias, las clases trabajadoras ni
de los pobres). Lo deciden ellos, los que controlan la finacializacion neoliberal
mediante el FED. Es cierto que están divididos. Pero los banksters, y los duenios de hedge funds,
private equity funds and VC’s siempre estarán unidos cuando se trate de
aplastar la subversión de sus esclavos o conejos. Eso es lo que se plantea en
este Art.
Sin
embargo, lo cierto es que siempre hubo niveles de polarización social como el
de ahora y que los pueblos se organizaron, estallaron e hicieron trizas el
sistema opresor. Esta vez la Rev no tendrá que ser violenta, ni será tan
pacifica como el Mov de Lutter King. Sera si una rev político-democrática y directamente
articulada inicialmente al fenómeno electoral. Pero con capacidad de ir mas allá
de las elecciones si se logra armar un FRENTE independiente con lo mejor de
ambos partidos (dems y reps) . Con ese Frente y con referéndums podremos
obligar a los electos a gobernar obedeciendo al pueblo. De eso se trata.
Por
lo pronto hay que evitar que estalle la 3ra guerra mundial que apunta a
apoderarse del territorio Ruso-Chino. Esa guerra destruiría todo escenario de
paz mundial. Si los elefantes caen, el grass no crecerá bajo su peso y si nace
nueva vida, será de seres deformados horrendamente por la radiación nuclear.
Nuestra tarea es por tanto avanzar el programa político evitando que suban al
poder war-mongers como Hillary Clinton y Donald Tramp. Si perdemos esta batalla
política, no quedara otra alternativa que armar la guerra de clases .. si estas existen luego de la 3ra guerra
mundial.. que es lo 1ro que hay que
evitar. Hugo
Adan. Enero 14, 2016]
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EXTRACTS FROM THIS ART:
A very successful tech CEO once asked his economics prof
during a lecture on interest rates in his university days “could interest rates ever go
negative?”. The professor’s answer was: “No.”, “it has to be a positive
number….”.
..
However lately I have been hearing and reading things that
put this comfortable expectation of
central bankster boots stomping on my face forever, into doubt. It might end up
being a lot worse than that.
..
People are lot smarter than I think that rates can not
be normalized in our lifetimes. Kyle Bass for instance . Listen
him https://youtu.be/dY-F-aGFyt4 It could be that once a financial market
hits the zero bound in interest rates, it’s like crossing the event horizon of
a black hole – there is no going back, not even light can escape it.
..
When I looked at the
chart of the Fed funds rate, I was struck with the foreboding flatline pattern
that is ZIRP:
Looking at Japan (who’s been trying to suppress interest
rates and inflate their way out of this for 30+ years) it looks the same (just
longer):
And for artistic symmetry, here’s an echo-cardiogram of a
patient who died on the operating table (He was a computer programmer that
realized he’d coded a divide-by-zero error into the firmware for a nuclear
reactor near his home town).
Notice the similarities? The “financial pulse” of the
economy (that being the price of money) has flatlined. Notwithstanding the
faux-rate-hike of December, since the market reactions since then make it
clear:
- The Fed cannot undertake four more rate hikes this year
- As Zerohedge reported, odds are favouring a rate cut at the next meeting on Jan 27th are currently implied at 8% – with the accompanying odds of another hike come at …zero.
Now it’s time to examine how these policies go beyond being
mere economic abstractions and impact us in the real world:
..
#1 Financialization Trumps Real Economic Activity
..
The reality is all gains are made through
financialization and thus the participants in those gains are confined to those
who are in a position to play that game: well connected banksters, hedge funds,
private equity funds and VC’s.
..
The ostensible reason to own a publicly traded equity
historically was to participate in a share of the profits, traditionally
distributed via dividends.
..
Such
companies aren’t in business to actually earn anything. They create value
for their backers and shareholders via serial funding rounds, doing whatever it takes to gobble up market share,
including operating at a loss for extended periods, if not their entire
lifespans.
..
Last year, both Amazon and Google entered our market as
direct competitors as well. Do I feel massively outgunned? I do. So does
everybody. Everybody that is, who isn’t relying on hot money and participating
in the manic game of liquidity-events-as-a-business-model.
Which brings us to:
..
#2 Absolute
Dependence on Intervention
..
Now it’s all about “The Fed Put” and the utterances of
central bankers. .. Market participants don’t do fundamental analysis anymore.
Why bother? It doesn’t matter what the fundamentals are because if a
microscopic number of appointed committee members (a few dozen worldwide?)
decide that the fundamentals (a.k.a “reality”) won’t suit the agenda, they’ll
simply issue some policy to override it. That’s why we’re here in the
rabbit hole.
#3 War on Cash
..
After the current round of central bank initiatives fail,
the next logical step will be to target money velocity and discourage any
uninvested bank balances. This would imply that negative rates won’t just be a
matter between the money center banks and the Fed window, it’ll creep into
depositor accounts (which has already started happening in Europe)
..
Is the war on cash real? Aside from getting perp-walked for
withdrawing it (above) or having any cash on your possession confiscated by
police under civil asset forfeiture debacles, I notice a couple of data
points that have me wondering if Big Institutional Money (Inc.) also sees the
writing on the wall…
..
One of the largest ATM manufacturers in the world (NCR) has
been trying in vein to sell itself off, finally securing an investment from Blackstone ($820M in preferred shares) to
“accelerate the company’s transformation into an integrated software and
services company. ” Translation: “We’re
pivoting the hell out of ATMs”.
..
Thus any form of currency which can preserve it’s buying
power and has no counter-party risk will be anathema to the central planners.
#4 Result: The Two-Tier Society
Any independent businesses, who choose eschew
financialization find themselves at a competitive disadvantage, unable to
operate at the same scale as the consolidated giants, many of which don’t even
have to earn actual operating profits in order to reward their backers (mainly
investment banks and various funds), it’s a pretty lopsided fight.
..
The scenario unfolding is one where wealth is increasingly
sucked from the wider base of an economy and society (formerly known as “the
middle class” and “small business”) into what I call “the capstone class”, that
much smaller, well connected cabal on top that directly benefits from credit
creation and enjoys the fruits of the market distortions now playing out.
..
The “benefits of capitalism” are extolled from the top, but
the aforementioned dynamics insulate them from the vagaries of true
competition, meanwhile the base of the pyramid is increasingly entrained with a
perverse disenchantment of so-called “free markets” that is making
soft-socialism increasingly palatable.
..
This is understandable: the game is hopelessly rigged against
the middle class, and the blame is unfailingly laid at the feet of “runaway
free markets”. It’s no wonder the masses will repudiate so-called “capitalism”
and seek to band together under various collectivist mechanisms as a survival
mechanism.
..
Being “rich” will be disdained and redistribution applauded.
.. In other words, it’ll be “capitalism at the top / socialism for the serfs” –
a bifurcated society where the “haves” are the equity holders of all the wealth
and the have nots end up holding the bag with all the debt.
More on the unfolding two-tier society (a.k.a “The Great Bifurcation”) in another
post.
..
Now What?
“What can I do?” which are fairly consistent:
..
Get out of debt
But, if interest rates are truly trapped below at or near
zero bound, why would you? Unless you were being punished for saving
the money, then maybe it does make sense to liquidate your debt after all.
..
Own gold.
Precious metals would not escape a “war on cash”. Americans
are up in arms because “Obama wants your guns”. I think what’s more likely to
happen is that Hillary, will come after your gold. And nobody will care. ..
..
The
only staples of advice I could offer is:
- Kick any addictions you might have
- Watch less television, read more books
- Diversify geopolitically – own land, businesses and passports in different localities.
Everybody is being forced to play a game against “Mr Global” (not my
phrase). If somebody comes up with a defense mechanism that preserves wealth
under negative rates, cash verbotten, no gold, capital-controlled zero-yield
economy, that
sidesteps the game, they will simply change the rules to make whatever that is
unprofitable or retroactively illegal. That’s where we’re at. Sorry.
….
SOURCE: Mark
Jeftovic via Rebooting Capitalism blog, http://www.zerohedge.com/news/2016-01-14/trapped-inside-zero-bound-crossing-economic-event-horizon
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FANGs, Dow Enter Correction, Tesla Tumbles. Submitted by Tyler Durden on 01/14/16: But they said "never sell" - FANTAsy stocks are in trouble with FANGs down 11.5% year-to-date and Tesla plunging over 17% since the holidays... the last pillar of US equity market strength has officially broken...
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Sell The
F*… Rip: Day 4. Submitted by Tyler
Durden on 01/14/2016: The market is open, and we are selling.
Why has STFR become
the new BTFD? Thank JPM: [La mas grande mafia especuladora responde..]
Our view is that the risk-reward
for equities has worsened materially. In contrast to the past 7 years, when we
advocated using the dips as buying opportunities, we believe the regime has
transitioned to one of selling any rally. Yes, stocks had a rough time most
recently, and some of the tactical indicators, such as Bull-Bear at -16 which
is at the bottom of its trading range, argue for a short-term respite.
Clearly, equities are unlikely to keep falling in a straight line, with
periodic rebounds likely. However, we believe that one should be using any
bounces as selling opportunities.
[ Lo que yo quiero ver
es el sorbete que le romperá la joroba al camello. O en spanglish: la gota que derramará
el agua del vaso. Ya están jorobando demasiado.. y no quieren beber del vaso
que polucionaron o envenenaron. Que se vayan todos ..los de las finanzas
mafiosas .. o al paredón.]
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More
Strategists Throw In The Towel: "Things Will Only Get Worse". Submitted by Tyler
Durden on 01/14/2016.: As Bloomberg
notes this morning, citing independent Treasury strategist Marty Mitchell,
"our concern is that things will only get worse (effects of commodity
super-cycle, bankruptcies, debt defaults, hedge fund redemption/failures,
global economic slowdown, equity weakness, global debt deleveraging, etc, etc)
before they get better."
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'Slumlord'
Buffett's "Disturbing Business Model" To Be Probed By Feds. Submitted
by Tyler Durden on 01/14/2016. : In response to a question about an earlier
Seattle Times story saying that Clayton trapped borrowers into unaffordable
loans on depreciating homes. Well it seems the billionaire will need to send
some more donations in as yesterday, four members of Congress sent a joint
letter demanding an investigation into predatory practices at Warren
Buffett’s mobile home unit Clayton Homes.
[ Hace tiempo
debieron investigar y poner en la cárcel a estos grandes billonarios mafiosos.]
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Frontrunning:
January 14. Submitted by Tyler
Durden on 01/14/2016
- Islamic State launches militant assault on Indonesia's capital (Reuters)
- Three winners emerge in $1.6 billion Powerball jackpot (Reuters)
- European Stocks Tumble, Credit Markets Weaken on Growth Concern (BBG)
- Stocks and commodity currencies floored by new oil plunge (Reuters)
- China Bear Market Looms as PBOC Fails to Stop Flight to Safety (BBG)
- Anxious phone calls, tense moments before Iran's Supreme Leader okayed U.S. sailors' release (Reuters)
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"Fundamentals
Don't Matter Right Now, It's Panic On The Way Down," Trader Warns. Submitted by Tyler
Durden on 01/14/2016: We’re experiencing wealth-destruction due to
asset-price dynamics alone. The negative moves will stop only when excess
leverage is trimmed and not just when prices return to “fair value.”
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Global
Markets Slide, US Futures Wipe Out Overnight Gains In Volatile Session.
Submitted by Tyler Durden on 01/14/2016: European shares
tumbled, wiping out gains from a two-day rally, Asian stocks slid and the cost
of insuring corporate debt rose as investor concern over global growth
prospects resurfaced. U.S. equity-index futures pared gains of as much as 0.9
percent. Government bonds rose, with yields falling to records in Japan and
China amid anxiety over the world economy. U.S. crude prices stabilized after
dropping below $30 a barrel on Tuesday to touch the lowest since 2003 as Iran
moved closer to boosting exports.
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Wednesday
Humor: "This Is Why Obama Is Bullish On The Economy". Submitted
by Tyler Durden on 01/13/2016
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POLITICS
EMAILS
PROVE HILLARY KNEW LIBYAN REBELS WERE CONDUCTING ETHNIC CLEANSING, SUPPORTED
THEM ANYWAY Submitted by Tyler
Durden on 01/14/2016. The tragic irony of all this is that Hillary
Clinton led the charge for a war in Libya based on a claim of a potential
massacre in Benghazi. The massacre in Benghazi never occurred (and was
likely overblown), but real ethnic cleansing and massacres did occur when the
US and NATO empowered the Libyan rebels to overthrow Gaddafi and use their
weapons beyond the war zone. Today, Libya is a failed state infested with
the Islamic State and other Islamic terrorist groups thanks to Clinton and
friends. Quite a liberation. [ Hilary’s immoral inefficiency ]
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Ron
Paul Warns: "Watch The Petrodollar". Submitted by Tyler Durden on 01/14/2016: "The chaos
that one day will ensue from our 35-year experiment with worldwide fiat money
will require a return to money of real value. We will know that day is
approaching when oil-producing countries demand gold, or its equivalent, for
their oil rather than dollars or euros. The sooner the better."
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"Willing
Idiots" & Geopolitical Instability. Submitted by Tyler Durden on 01/14/2016. : Periods of
transition between “rising powers” and “declining powers” have been
described in terms of the so-called Thucydides Trap, when fear within a static
or declining power (historically, Athens) of a rising power (historically,
Sparta) makes war seemingly inevitable. The phenomenon today applies not
only to the China-U.S. dynamic - as has been widely remarked - but to the
Middle Eastern imbalance, the “north-south” imbalance, and so on. Accompanying this sliding vertical scale of
strategic power balance is the sliding horizontal scale of population
volatility and movement, characterized by the breakdown of the Westphalian
nation-state concept.
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Hillary's
Lead Disintegrates: She Is Now Doing Worse Than In 2008, As Trump Surges. Submitted by Tyler
Durden on 01/14/2016
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GLOBAL RESEARCH
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Syria:
Humanitarian Crisis and Media Propaganda: Madaya, Terrorists Besieging Kafarya
and Foua By Vanessa Beeley
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Obama’s
State of the Union Address and the Breakdown of American Democracy By Eric London and
Barry Grey
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NOTICIAS IN SPANISH
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EE.UU. Lágrimas. David Brooks
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Opinión. 2016: el mundo rumbo al desastre. Vicky Peláez
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Cuba . Que venga la fiera pero que suelten al mono. Iroel Sánchez
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Rafael Correa: “Respeto
a los comunistas pero no soy comunista”. Juan Fco Torres
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PRESS TV
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US, Saudi ties remain strong: Kerry [ Este no les vende discursos .. vende logos.. how
much he gets? .. I guess more than Hillary. ]
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