FEB 28 16 SIT EC y POL
Video:
HILLARY CLINTON IN BLACK HISTORY. African Americans Should Think Twice Before
Voting for Hillary… By Jeanette Johnson-Jing
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ZERO HEDGE
ECONOMICS
DAY OF
RECKONING IMMINENT. Submitted by Tyler Durden
on 02/27/2016. by EconomicPrism.com's
MN Gordon (annotated by Acting-Man.com's
Pater Tenebrarum), : The bill for all the fun is yet to be
presented in full, but presented it will be.
Extracts
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From gold to paper currency.
Previous to August 1971 “a foreign bank could exchange $35 with the U.S. Treasury for an ounce of
gold. After that, when foreign banks handed the U.S. Treasury $35, they
received $35 in exchange.
Listen the Video: Nixon
Ends Bretton Woods International Money. Video URL: https://youtu.be/iRzr1QU6K1o : Here Nixon announces that he will “temporarily”
default on the convertibility of the dollar into gold. One cannot show this
video often enough, because it is such an excellent example of a government
official lying as soon as he opens his mouth, with every single sentence he
utters. It also betrays a frightening degree of economic ignorance.
Unlike gold, which has no debt obligation or counterparty
risk, dollars can expire worthless when their promissory obligation is
defaulted on. Alternatively,
they can be inflated to nothing when a desperate Federal Reserve moves to
dropping suitcases of money from helicopters over major urban centers.
If this helicopter drop concept is new to you let me
assure you that it is no joke.
In fact, this is what former Federal Reserve Chairman, Ben S, Bernanke, said the Fed would do in a time of financial
crisis. He laid it out very clearly in his November 21, 2002
speech, Deflation:
Making Sure “It” Doesn’t Happen Here. Then as Federal Reserve Governor
(now former Chairman), Bernanke had the following to say…
..
“The U.S. Government has a technology, called a printing press (or,
today, its electronic equivalent), that allows it to produce as many U.S.
dollars as it wishes at essentially no cost. By increasing the number of
U.S. dollars in circulation, or even by credibly threatening to do so, the U.S.
Government can also reduce the value of a dollar in terms of goods and
services, which is equivalent to raising the price in dollars of those goods
and services.”
Later in this same speech, Bernanke made reference to a
“helicopter drop,” alluding to a central banker hovering in a helicopter –
dropping suitcases full of money to individuals.
Day of Reckoning Imminent
Unfortunately, that day is approaching. For
without the anchor of a gold standard, financial imbalances and debt creation
will continue to grow to commanding heights. Inflation, resulting in an
implied default, will likely be more politically expedient than an outright
default.
In the meantime, even if the dollar isn’t worthless – yet –
its incessant variability is an incessant problem. How does one save,
invest, and accumulate wealth when the dollar’s monetary base is continuously
inflated?
When a carpenter measures the length of a cabinet as being 3
feet, he’s certain that the length measured as 3 feet will always be 3
feet. No more. No less. To the contrary, when a shopkeeper
prices a 24-ounce loaf of bread at $3.93, he’s not certain that the value of
one loaf of bread will always be equal to $3.93. In fact, in 1971 – the year the dollar’s last tie
with gold was severed – he would’ve valued three 20-ounce loaves of bread equal
to $0.89.
Has the usefulness of a loaf of bread, on a per ounce
basis, really changed 1006 percent? Has its quality somehow become
1006 percent better? Of course not. Rather, the baseline used to measure
the value of a loaf of bread has been twisted and contorted like a politician’s
spine. The quantity of dollars in existence has increased.
Accordingly, the unit value of the dollar has decreased.
So, today’s money needs a stable base to derive its
meaning and value from.
Without such a reference point, we’ll just continue to spin
out of orbit. Money will continue to accrue more zeros at the end of
everything it measures. Yet what good’s a $100 dollar bill if it only
buys you what a $1 dollar bill did before?
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So enjoy Monday’s imminent day of reckoning.
The time was there all along…it just needed to be reconciled. Alas,
we have a startling suspicion that reckoning the distortions of the dollar
reserve standard will not be so amiable. Though it’s necessary, all the
same.
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The
Central Bankers' Greatest Blunder Yet: Negative Rates = Deleveraging. Submitted
by Tyler Durden on 02/28/2016 : In a world which
has long since crossed the monetary twilight zone of negative rates, and which
is spiraling ever deeper into NIRP, below we present some quite fascinating
observations on debt, NIRP and how the latter leads to the deleveraging of the
former, and thus encourages global deflation - something which in retrospect
will be (and in many cases already has been) seen as a central bank fatal flaw,
and confirmation said central bankers have zero understanding of the process
they have unleashed.
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Philadelphia
- Heads The Union Wins, Tails The Taxpayers Lose. Submitted by Tyler
Durden on 02/28/2016: It’s a perfect storm of governmental incompetence,
union greed, political corruption, parental disinterest, societal
disintegration, and poor life choices, creating the downfall of
Philadelphia and other urban enclaves around the country. A city run by
welfare redistributionists eventually runs out of other people’s money.
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POLITICS
Colonel Trump’s greatest lovers: "Trump
Must Be Stopped" Plead 'The Economist' And CFR As Financial Establishment
Panics. Submitted by Tyler Durden on 02/28/2016. And Military
Would Revolt Against Trump, Former CIA Director Says. Submitted by Tyler Durden on 02/28/2016. So, Trump is going
to create a REV against the military. I’m going to sue him for stealing
the electoral banner of my leader
Sanders .. OR .. Is this another trick of the old liar,
indecent and cynical bluffer Mrs.. bullshit?
If so, that would be her greatest blunder .. a sign of mental
crisis worse than anxiety mis-order=loser
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A Coherent Explanation of Obama's Foreign Policy. Submitted by Tyler Durden on 02/28/201. Obama has been carrying out a bipartisan Republican-and-Democratic foreign policy; it’s the policy of America’s aristocracy. Its results have been horrible for the world, but they’ll be even worse if it succeeds.
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The
Hidden Persuaders - How The Internet Flips Election & Alters Our Thoughts.
Submitted by Tyler Durden on 02/27/2016 : We are living in a
world in which a handful of high-tech companies, sometimes working hand-in-hand
with governments, are not only monitoring much of our activity, but are also
invisibly controlling more and more of what we think, feel, do and say. The
technology that now surrounds us is not just a harmless toy; it has also made
possible undetectable and untraceable manipulations of entire
populations – manipulations that have no precedent in human history
and that are currently well beyond the scope of existing regulations and laws.
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David
Stockman: The Good, Bad & Ugly Of Donald Trump. Submitted by Tyler
Durden on 02/27/2016 :
At the end of the day, America is on a slippery slope
toward failure because the Warfare State and the Welfare State are
suffocating what was once a prosperous capitalism and
a resilient free society lightly intruded upon by the machinery of
state. But now both parties have become handmaidens of the state. Maybe
The Donald’s startling but palpable momentum toward the White House will have
one saving grace. His relentless campaign against the “politicians” and
the Washington money rackets may end up knocking the hypocritical stuffings out
of both parties.
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The
Donald's Odds Against Hillary . Submitted by Tyler Durden on
02/26/2016 by Patrick Buchanan via Buchanan.org,
:
In a Hillary Clinton vs. Donald Trump race – which, the Beltway keening aside, seems the probable outcome of the primaries – what are the odds the GOP can take the White House, Congress and the Supreme Court?
If Republicans can unite, not bad, not bad at all.
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ME & GLOBAL ISSUES
Ukraine
Collapse Is Now Imminent . Submitted by Tyler
Durden on 02/28/2016 : Two years have passed since Yanukovich was deposed
and, as it turns out, another ruthless clan of oligarchs has taken power.
No wonder then that Ukraine is heading for a new wave of violence and chaos. It
is a just matter of time before the Ukraine nationalistic militias will take
power, resulting in a definite split of the country. Poroshenko can
postpone the people final verdict by reviving the war in the east, but in the
end, he can not escape the day of reckoning.
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GLOBAL RESEARCH
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Setbacks in Venezuela, Bolivia, Brazil and
Argentina. The Future of the Left in South America. Global
Research News Hour Episode 132 By Michael Welch, John Schertow, and Prof. James Petras
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Peace
and Stability in Syria Depend on Eliminating US-Supported Terrorism. Washington
Continues to Support The Islamic State (ISIS) By Stephen Lendman,
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European
Parliament Voted to Stop All Sales of Weapons to Saudi Arabia. Slap in the Face
for David Cameron By Ben Hogg,
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WASHINGTON BLOG
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MY COMMENT:
Read the last
paragraph of this art and you will see a naive strategy on how to sway
superdelegates. The author is departing from a false
premise: that “superdelegates exist for the sole
purpose of maximizing the probability of a Democrat winning the White House in
November.” So, without them American democracy will not survive..
..
The FACT is the reverse: superdelegates main purpose is keeping alive
the same decaying & corrupt system we have. That is, keeping the
status-quo: the bi-partisan system as base for the current deep-state power
elite and the current establishment (its main institutions).. In other words :
the main purpose of super-delegates & electoral college is to reproduce the
collapsing empire and its horrendous neoliberal system based on financial
frauds and wars abroad ...
..
This is exactly that Sanders REV
plan to change during the 2nd stage of his program: the national Rev, in which all economics and
politics will be changed. This 2nd stage start by re-adapting the Glass-Steagal act to stop the frauds
and corruptions disseminated by big corporations inside and abroad. That of
course implies making deal with global super-power nation to face common
international problems.
..
This change implies that we will
protect the productive capitalist, the working classes and the whole nation. We will not protect bankers and mafia-speculators from Wall
Street. We want to re-built America, not destroyed with nuke-wars. In the
course of this process of change, the super-packs and super-delegates will be
trashed and some of them indicted of crimes against democracy.
..
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What to do now?
1- Continue getting votes in swing and
toos-up States that have more delegates & electorate.
..
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2- Contact will J.
Stein & Senator E. Warren to join Sanders in those States to open-up the
road for a NATIONAL PEOPLE’s FRONT to REBUILD AMERICA. It is important to
Unite the nation against the 1% that is
capturing democracy & peace in our country. We have to show the nation that
re-building America is not the job of one single leader, that instead all
progressive America are in favor of change. Those ladies plus a National leader of the working class (main Unions) and two young people including Ashley William, should have a voice in all Sanders presentation across America.
..
3- Before the
National Convention – I guess this should be done before the end of March- we have to announce to American people that we have the 3rd option for real democracy against the two billionaires
Trump & Hillary.
4- We should demand
the workers unions and the young people in every State to create brigades ready
to fight for democracy and peace in America beyond elections. Hugo Adan. Feb 28-16. ]
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…
There will be 715 superdelegates at the Democratic
Convention selecting the Party’s Presidential nominee .. they
don’t actually represent the people of their state; they represent instead the
Democratic Party [?]
If CNN’s headline hadn’t been “Democratic Party Superdelegates Are
Undemocratic,” but
instead “The Electoral College Is
Undemocratic,” then it would have been correct, not false. But the
superdelegates are an intelligent accommodation to the undemocratic feature of the U.S.
Constitution: the Electoral College.
..
What Sanders is
trying to do is to perform better than Clinton does in the
states that could go either way in the November general election [Toss-up
States]. He’s virtually ignoring the states that everyone knows will
be overwhelmingly likely to be in the Republican column on Election Day, no
matter who the two Parties’ nominees are. He knows, for example, that Wyoming
will vote for the Republican Presidential nominee, and that Massachussetts will
vote for the Democratic Presidential nominee, no matter what, in the general
election.
..
Success, for him, will be beating Clinton in the toss-up states,
because those will be the states that will determine which Party will win the
White House — in the Electoral College.
Everyone knows that if Clinton beats
Sanders in the toss-up states, then she will have earned the Democratic Party’s
nomination. But the same is true for Sanders: If he beats Clinton in the
toss-up states, then he will have earned the Party’s nomination.
..
And the purpose of the 715 superdelegates is simply to
maximize the probability that the next President will be a Democrat — their
purpose is to measure each of those two candidates’ relative performances in
the toss-up states, and to represent THE DEMOCRATIC PARTY — not
any particular one state. Their function is purely a national one,
and purely a Party one.
..
Here are the toss-up states —
the states where the Presidential primaries are for real, not merely for show: Nevada,
Colorado, Iowa, Wisconsin, Ohio, Pennsylvania, New Hampshire, Virginia, North
Carolina, Florida.
Only those 10 states are holding meaningful Presidential
primary elections; all the other 40 state Presidential primaries are for show. And
the reason for those 715 superdelegates is to put that truth into practice when
they cast their votes at the Democratic National Convention.
And, of course, if
there is no clear winner of the toss-up states, then the decisions that those
superdelegates will be making will be decided by factors other than the main
factor (which factor is to increase the likelihood of the Party winning the
Presidency), and personal preferences will instead sway, and the likelihood
that the superdelegates will have unity as a bloc at the Convention will then
diminish proportionately. That could produce a brokered Convention.
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NOTICIAS IN SPANISH
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PRESS TV (at mid day 2/18/16)
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