FEB 24 16 SIT EC y POL
HILLARY CLINTON’S
GLOBAL-BURNING RECORD. Posted on February 24, 2016 by Eric Zuesse. In Washington blog. . On
17 July 2015, Paul Blumenthal and Kate Sheppard at Huffington Post
bannered, “Hillary
Clinton’s Biggest Campaign Bundlers Are Fossil Fuel Lobbyists” and
the sub-head was “Clinton’s top campaign financiers are linked to Big Oil, natural gas and the Keystone pipeline.”.. Her
record does
show that she represents those lobbyists, not the public.
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ZERO HEDGE
ECONOMICS
Citi:
"We Have A Problem". Submitted by Tyler Durden on 02/24/2016 : [Here you will see
how Bankers like Citigroup's Matt King see the current crisis..]
Actually, it's not
just one problem. Many problems.
Problem #1: the world finds itself in the aftermath
of a series of bubbles inflated by central banks, compounded by the market's
own realization that "we are now running out of greater fools."
Problem #2: "Whenever we’ve had these
spread levels... we’ve always been rescued by central banks."
This time, however, they are either late, or their interventions are failing.
Problem #3: The marginal effect of easing is no
longer positive, and"everything QE was supposed to have done, it hasn't"
Problem #4: as a result of coordinated, global
intervention, central banks are now forced to fight not just local but global
demand shortfalls.
Problem #5: As a result of this global coordination,
countries that withdraw liquidity such as EM and China, offset the
"favorable" impact of central banks which contribute to liquidity.
Problem #6: as global central banks now operate as a
cabal, this has "serious implications", namely 1) individual CBs not
in control of their own destinies; 2) Everything ECB and BoJ are doing is being
offset by outflows from EM, and 3) What do these correlations imply for herding?
Problem #7: As a result of this required, but failed
coordination, the world is left with a global problem that desperately needs a
solution. "What should be done", King asks, and provides the
following menu of policy actions, however as he adds, "the things which
might make a difference feel miles away"... and even further after
today Jack Lew warned not to expect anything out of this weekend's G-20 meeting
in Shanghai.
What should be done? CHECK
IMAGE AT: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/02/24/matt%207.jpg
Prob. 8 And the
final Problem: the "next phase" will likely be a crisis of
confidence in central banks.
Check graph at: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/02/24/matt%208_1.jpg
King, at his most ominous, concludes with the only possible
response should it come to this: "Sell what hasn't
moved against what has."
To this we would add one minor tangent: once we get to the
"next phase", sell
everything whose value only exists as a result of confidence in central banks.
….
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Dear
Janet, Mario, & Haruhiko - IT'S TIME FOR THE 'C' WORD. S-by Tyler
Durden on 02/24/2016
As policy errors pile up - just
as they did in 2007/8 - around the world, we thought the following
three charts might warrant the use of the most important word in modern central
banking... "
collapsed"
It does make one wonder, with all this carnage and so little
action, whether "coordinated" inaction is the post-Davos decision - Don't
just do something, stand there and jawbone!!
With the goal being a big enough catastrophe to
warrant unleashing the war on cash, then NIRP, then the unlimited money drop...
because as we stand, no matter what crazy policy has been imagined by the
Keynesian "seers" - inflationary (well deflationary now) expectations have COLLAPSED.
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Biggest
Victory For Saudi Arabia, North Dakota's Largest Oil Producer Suspends All
Fracking. Submitted by Tyler
Durden on 02/24/2016 : Yesterday Saudi oil minister Ali al-Naimi made
it explicitly clear that Saudi Arabia would not cut production, instead saying
that it is high-cost producers that would need to either "lower costs,
borrow cash or liquidate” adding that there is "no need for cuts as
marginal barrel will get out of the market." He was right. Today
his wish is slowly coming true after news that North Dakota's largest producer,
Whiting Petroleum, would suspend all fracking, and that
Continental Resources has effectively done the same after reporting that it no
longer has any fracking crews working in the Bakken shale.
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When
Currency Pegs Break, Global Dominoes Fall. Submitted by Tyler
Durden on 02/24/2016. When a currency peg breaks, it unleashes
shock waves of uncertainty and repricing that hit the global financial
system like a tsunami.
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January
New Home Sales Collapse Most Since 2009 As Prices Plunge To 2-Year Lows.
Submitted by Tyler Durden on 02/24/2016 : This is the
biggest January drop since 2009 dragging the SAAR to 494k (back at December
2014 levels). Worse still, home prices tumbled - from $295,800 to
$278,000 (lowest since April 2014), and down 4.5% year-over-year as it appears
the inventory fears have disappeared with months-supply surging from 5.1 to
5.8. Yet another leg of the
"recovery" collapses.
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And
Now We Have A Services Recession: Markit Services PMI Crashes Into Contraction.
Submitted by Tyler Durden on 02/24/2016 : Following this
week's ongoing demise of the US manufacturing sector, tumbling to its
weakest since October 2012, Markit US Services PMI collapsed into
contraction at 49.8, massively below expectations of 53.5. This is the
weakest level for the last pillar standing in the US recovery since the government
shutdown in 2013, and as Markit even admits, "slumping business
confidence and an increased downturn in order book backlogs suggest there’s
worse to come."
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Submitted by Tyler
Durden on 02/24/2016 - 07:37
- Shares fall with oil prices, yen in demand (Reuters)
- Trump's third straight win has rivals looking for answers (Reuters)
- How Marco Rubio Blunted Ted Cruz—and Boosted Donald Trump (BBG)
- Donald Trump Seals GOP Front-Runner Status With Nevada Win (WSJ)
- Fischer says no Fed plan to move to negative interest rates (Reuters)
- Lew Says Don't Expect `Crisis Response' From Group of 20 Meeting (BBG)
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Submitted by Tyler
Durden on 02/23/2016 :
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POLITICS
We
Just Found Out The Real Reason The FBI Wants A Backdoor Into The iPhone.
Submitted by Tyler Durden on 02/24/2016 : On the face of
it, The FBI vs Apple - the feverish momentum of American technocracy
accelerating into the cavernous Orwellian entrenchment of the surveillance
state - boils down to a single locked and encrypted iPhone 5S,
used by radical jihadist Syed Rizwan Farook. However, as we are learning, the
FBI and thefederal government have a far more comprehensive end-game in mind than
merely bolstering the prosecution of this one case.
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Exposing
The Hidden Agenda Of Davos 2016. Submitted by Tyler
Durden on 02/24/2016.
“It’s a big club and you
ain’t in it!”
..
I’m often reminded of these words, spoken by the great
comedian George Carlin, when I read about the annual World Economic Forum
meeting in Davos, Switzerland.
Extracts
That’s where the global power elite gather to discuss the
big issues of the day. The most important world leaders attend. As do
the CEOs of the largest companies, leaders in the mainstream media and top
academics. Central bankers attend, too, along with a wide assortment of
celebrities.
Three types of meetings happen in Davos, according to the
BBC:
- Public meetings, which anyone can attend.
- Closed meetings, which you can only attend by invitation.
- Secret meetings, which are unannounced. The public doesn’t know the agenda or who attends.
The biggest and most important deals take shape in these
secret meetings. And this year, I think there was one secret meeting with huge
historical significance.
I think world leaders
decided to dramatically escalate the War on Cash, the War on Cash, will make it
easier for them to impose negative interest rates.
Negative interest
rates mean the lender pays the borrower for the privilege of lending him money.
It’s a bizarre, upside-down concept.
Negative rates could not exist in
a free market. They can only exist in an Alice in Wonderland economy
created by central bankers.
* * *
Punishment Interest
Think of it as “punishment interest.”. That’s a common term
in Germany for negative interest rates. I think it’s an apt description.
Punishing savers is exactly what central bankers—who are
really central economic planners—would like to do. They think stinging
savers with negative interest rates will encourage them to spend now.
It’s effectively a tax on saving money.
Central planners just want you to spend money. Even if you
have to go into debt to do it. Consumption based on fear of negative interest
rates is somehow supposed to “stimulate” the economy.
However, their harebrained scheme is not working.
Switzerland, Denmark and Sweden all have negative interest rates. But consumer
spending is not being “stimulated” in those countries. It’s totally (and
predictably) backfiring on the central planners. And it’s easy to see why.
Negative interest rates make it harder to save. Put $1,000
in your bank account at the beginning of the year, and it becomes $950 by the
end of the year. And that’s not even accounting for inflation.
This scenario scares people. It
doesn't induce them to spend.
Producing more than you consume and saving the difference
has always been the basis of prosperity. Prudent saving and thriftiness are
supposed to be good things. However, negative interest rates
destroy the incentive to save. That’s just one of the reasons it’s such a toxic
concept.
But there’s another important reason to fear negative
interest rates…
If you don’t like the sting of
negative interest, you can withdraw your money from the bank and stash the cash
under your mattress. The more it costs to store money at the bank, the less
inclined people are to do it.
Of course, this is not the outcome central
economic planners want. It puts a natural limit on how far down they can drive
interest rates.
Their solution to this “problem”
is to push the world closer to a cashless society. That cuts off your main
escape route from punishment interest.
Central planners are doing this by phasing out larger
denominations of currency notes, which makes large cash transactions
impractical. Some are outright prohibiting cash transactions over a certain
amount. France recently made cash transactions over €1,000 illegal, down from
the previous limit of €3,000.
Statist economists even advocate declaring all dollar bills
with a serial number ending in “9” invalid.
These are just some of their methods. They all make it
inconvenient or illegal to use cash. This forces people to use electronic
payment methods more and more, which, of course, is what the U.S. government
wants.
It’s exactly like Ron Paul said: “The cashless
society is the IRS’s dream: total knowledge of, and control over, the finances
of every single American.”
After Davos, the War on Cash Goes into Overdrive
The writing is on the wall. The War on Cash is
accelerating. And it’s setting the table for negative interest rates in the
U.S.
That should not surprise anyone. Janet
Yellen, the chair of the Federal Reserve, recently said, “Potentially anything—including negative interest rates—would be on the
table.”
It’s time to protect yourself from negative interest rates
and the War on Cash…before it’s too late. You don’t want to find yourself
unprepared when negative interest rates hit you.
The War on Cash and negative interest rates are obvious
signs of desperation. They are huge threats to your financial security.
Central bankers are playing with fire and inviting a
currency catastrophe, just like they have done so many times in the past.
The sad truth is most people have no idea what really
happens when a currency collapses, let alone how to prepare…
We think everyone should own some physical gold. Gold is the
ultimate form of wealth insurance. It’s preserved wealth through every kind of
crisis imaginable. It will preserve wealth during the next crisis, too.
But if you want to truly save yourself from the consequences
of all this stupidity, there's more to do...
….
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Donald
Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve.
Submitted by Tyler Durden on 02/24/2016 : When a
leading nominee for President gets something exactly right, we should applaud
them for it. In this case, Donald Trump’s call to audit the Federal
Reserve is dead on correct. Most Americans don’t realize this,
but the Federal Reserve has far more power over the economy than anyone else
does – including Barack Obama. The funny thing is that the
Federal Reserve is not even part of the federal government. It is an
independent private central bank that was designed by very powerful Wall Street
interests a little over 100 years ago. It is at the heart of
the debt-based financial system which is eating away at America like cancer,
and it has no direct accountability to the American people whatsoever.
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Is
This The Death Of The American Political Establishment?. Submitted by Tyler
Durden on 02/24/2016 : Americans know a takeover has occurred and
they blame the establishment for it. The establishment doesn’t
see what’s happening because it has cut itself off from the lives of most
Americans. It also doesn’t wish to understand, because that would
mean acknowledging its role in bringing all this on.
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MIDDLE EAST & WORLD ISSUES
"I'll
Be Right There Big Brother": Leaked Transcripts Prove ISIS-Turkey Link.
Submitted by Tyler Durden on 02/24/2016 : "Was that you,
the ones with a torch?"...
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GLOBAL RESEARCH
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Plans
for Redrawing the Middle East: The Project for a “New Middle East”. By Mahdi Darius
Nazemroaya,
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Russians
Ride Fast. Russia’s Victory in Syria By Israel Shamir, ALSO: On
Syria: Thank you, Russia! By Stephen Kinzer,
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INFORMATION CLEARING HOUSE
Aleppo Advance: How to Defeat Daesh and Avoid
New World War. By Paul R. Pillar. "The
everlasting Sunni 'Islamic Caliphate' in Syria doesn't look so everlasting
any more."
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Losing in
Syria, Start Another War in Libya . By Finian Cunningham. ISIS in Libya
is just the cover story for what would be yet another illegal incursion in a
foreign country.
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What the
Pundits Don't Get About Trump. By Charles Hugh Smith. The class war is already
underway, and the petit bourgeois media is clueless.
..
[ Another political scenario is possible. In my opinion this is not yet a class war, it is a demo-popular stage of war. The target is
the super-delegates first .. this means: millionaires vs millionaires. .. It is
expected that the super-delegates inside the GOP try to define the GOP national
convention in favor of one of the pappies or younger dogs .. then Trump will be
forced to get out of the GOP, while Sanders will do the same with the Dems
party .. If happens, the dirty-couple (Dems + Reps) or old trap to democracy
will be broke down .. and 3rd option or independent parties will
emerge .. Once this happens the class war start. .. It could be Trump vs the
People Front lead by Sanders (it is expected that the green party, some
progressive leaders form the GOP like Ben Carson & Ran Paul join People’s Front) .. It could come the expected arrival
of Bloomberg to the ring to give the final blow out to Hillary. .. that will
make more solid & clear the class vs class war in electoral politics .. A
war in the streets between Hope to rebuild America with Sanders vs the death
zombies in current electoral politics, will arise. The class vs class war is expected to explode before the two
national conventions. Once independent blocks are formed .. that will be the
end of Hillary & Trump. If this war does not explode in the clean way
described .. then it will explode out-side the electoral frame .. in the
streets .. with violent & unpredictable consequences and certainly at the
expenses of the dirty couple too. .. Dem & Rep will be trashed inside zoos
or museums. Hugo Adan. Feb 23-16.]
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WASHINGTON BLOG
HILLARY CLINTON’S
GLOBAL-BURNING RECORD. Posted on February 24, 2016 by Eric Zuesse. In Washington blog.
On 17 July 2015, Paul
Blumenthal and Kate Sheppard at Huffington Post bannered, “Hillary
Clinton’s Biggest Campaign Bundlers Are Fossil Fuel Lobbyists” and
the sub-head was “Clinton’s top campaign financiers are linked to Big Oil, natural gas and the Keystone pipeline.” This
description of her fits for a politician who does the lobbyists’ bidding while
she provides liberal rhetoric that denies she will, and so who burns-up not
only the planet but the trust of the liberals who have voted for her in the
mistaken belief that because her label is “Democrat” and because she makes her
appeals to women, Blacks, Hispanics, and other disenfranchised groups.
Her record does
show that she represents those lobbyists, not the public. As I
had reported
previously, the Hillary Clinton State Department’s two environmental
impact statements on the proposed Keystone XL Pipeline were triple-hoaxes that
totally and scandalously ignored the proposed pipeline’s impact on
climate-change. ⇒
Keep Reading
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Donald
Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve.
Posted on February 24, 2016 by WashingtonsBlog By Michael Snyder, The Economic Collapse blog.
..
When one of our major politicians gets something exactly
right, we should applaud them for it. In this case, Donald Trump’s call
to audit the Federal Reserve is dead on correct. Most Americans don’t
realize this, but the Federal Reserve has far more power over the economy than
anyone else does – including Barack Obama. Financial markets all over the
planet gyrate wildly at the smallest comment from Fed officials, and virtually
every boom and bust cycle over the past 100 years can be traced directly back
to specific decisions made by the Federal Reserve. We get all excited
about what various presidential candidates say that they “will do for the
economy”, but in the end it is the Fed that is holding all of the cards.
The funny thing is that the Federal Reserve is not even part of the federal
government. It is an independent private central bank that was designed
by very powerful Wall Street interests a little over 100 years ago. It is
at the heart of the debt-based financial system which is eating away at America
like cancer, and it has no direct accountability to the American people
whatsoever.
The Fed has been around for so long that most people assume
that we need it.
⇒ Keep Reading
⇒ Keep Reading
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The
REAL Goal of America and Israel: Shatter Syria and Iraq Into Many Small Pieces.
Posted on February 24, 2016 by WashingtonsBlog ⇒
Keep Reading
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When
Currency Pegs Break, Global Dominoes Fall. Posted on February 24, 2016 by Charles
Hugh Smith The U.S. dollar has risen by more than 35%
against other major trading currencies since mid-2014:
..
BRIEF EXTRACT
If all currencies floated freely on the global foreign
exchange (FX) market, this dramatic rise would have easily predictable consequences:
everything other nations import that is priced in dollars (USD) costs 35% more,
and everything the U.S. imports from other major trading nations costs 35%
less.
..
But some currencies don’t float freely on the global FX
markets: they’re pegged to the U.S. dollar by their central governments.
When a currency is pegged, its value is arbitrarily set by the issuing
government/central bank.
..
If central states/banks feel their currency is becoming too
strong via a vis the USD, they can adjust the peg accordingly.
..
Why do states peg their currency to the U.S. dollar?
There are several potential reasons, but the primary one is to piggyback on the
stability of the dollar without having to convince the market independently of
one’s stability.
⇒ Keep Reading
⇒ Keep Reading
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The
Insanity of American Foreign Policy: CIA-Backed Rebels Are Fighting
Pentagon-Backed Rebels. Posted on February 23, 2016 by WashingtonsBlog
CIA-backed Islamic rebels are fighting against
Pentagon-backed Kurish rebels in Syria. ⇒
Keep Reading
….
RELATED: More
U.S. troops killed by Halliburton than by Iraqis. Posted on February 24, 2016 by DavidSwanson,
American Herald Tribune.
⇒
Keep Reading
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The
Age of Authoritarianism: Government of the Politicians, by the Military, for
the Corporations. Posted on February 23, 2016 by WashingtonsBlog IN CASE YOU MISS IT
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The
REAL Reason Bill Gates Supports Backdoor FBI Access. Posted on February 23, 2016 by WashingtonsBlog
IN
CASE YOU MISS IT..
Bill
Gates is supporting FBI access to iPhones. .. Is
anyone surprised?
Microsoft programmers have allowed
NSA backdoors in all Windows software since
1999 or before.
And while Microsoft sometimes
pretends that it’s fighting for privacy, it has long been a direct
partner of the NSA, helping government at every
opportunity.
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NOTICIAS IN SPANISH
Bolivia. Un referéndum por penales. Pablo Stefanoni
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EE.UU. –Elecciones. Democracia a la venta. David Brooks. http://www.jornada.unam.mx/2016/02/22/opinion/023o1mun
..
RELATED: DEMOCRACY
AND PEACE ARE NOT FOR SALE IN AMERICA La Democracia y la Paz no estan en
venta. http://nd-hugoadan.blogspot.com/2016/02/democracy-and-peace-are-not-for-sale-in.html
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PRESS
TV
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