miércoles, 2 de marzo de 2016

MAR 2 16 SIT EC y POL



MAR 2 16 SIT EC y POL



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[ Interesting.. but.. her  “Political Machine” is now in crisis . I will explain this later on. Hugo Adan
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Meanwhile READ Tim Guzman 4 reason
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1- Hillary is guilty in the  ‘Benghazi-Gate’ and she will NOT go to Prison. This mean that she is supported by the establishment.   
2- She is supported by big crook Bankers and mafia speculators in Wall Street. See huge list
3- She is supported by the big Main-Stream Media “known as presstitude”.
4- She is supported by war mongers from the Bush era known as “neocons”  (including R Kagan, the financier) and pro-Israel rightist lobbyists from AIPAC.
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ZERO HEDGE
ECONOMICS


Capitalism Requires World War : Submitted by Tyler Durden on 03/02/2016 : Capitalism requires World War because Capitalism requires profit and cannot afford the unemployed. The point is capitalism could afford social democracy after the rate of profit was restored thanks to the depression of the 1930’s and the physical destruction of capital during WW2. The underlying nature of Capitalism is cyclical.
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[ Nuke war will be the end of history .. capitalism will not survive .. cyclical? It was, not anymore ]
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Global Central Banks Continue Longest Gold-Buying-Spree Since Vietnam War. Submitted by Tyler Durden on 03/02/2016 : While "greed was good" in the '80s, it appears "gold is good" in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers of gold for eight straight years, according to IMF estimates, the longest streak since the first troops were deployed in The Vietnam War.
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[ So, Ms Lagarde hide a lot of data to the world.. she is now Ms lagar-tija .. watching from the top of a rock .. incredible ] 
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What Percent Are You?. . Submitted by Tyler Durden on 03/02/2016. :  
Are you the 1% or the 99%? How about among millennials? Or high-school dropouts? The Wall Street Journal shows how your income compares with your fellow Americans.
Earning $25,780 would put you below 50% of Americans reporting individual income in 2014.
What percent are you? Are you the 1% or the 99%? Earning $25,780 would put you below 50% of Americans reporting individual income in 2014.

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Keynes: How A Witch Doctor Convinced The World He's A Neurosurgeon. Submitted by Tyler Durden on 03/02/2016 : In the Middle Ages, no matter what ailed you, the doctor had one cure: attaching leeches to your body. Today, modern medicine has discredited leeches as a cure-all. We look back on it and laugh. “How could we have been so stupid?" Some things haven’t changed much. The average person is still willing to blindly accept conventional thinking—maybe even more so than he was in the past. Today, he hears the financial equivalent of “more leeches!” and agrees. Conventional wisdom and economic “experts” continually prescribe treatments that we will no doubt look back on and say, “How could we have been so stupid?”
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Great Depression Redux: First Currency War, Now US Unleashes Trade War With China. Submitted by Tyler Durden on 03/02/2016 : Given the vicious downward spiral of competitive devaluation that is washing around the world's economic bathtub, it appears - just as we saw during The Great Depression - that currency wars have given way to mal-investment-fueled protectionism as US launches the first missile in the trade wars with a massive 266% tariff on imports of cold-rolled steel. “There’ll be a short-term benefit,“ said John Packard of Steel Market Update. ”However, in the long run, the U.S. mills are always going to want more tariffs, and it’s questionable how much more [protection] they can get."
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Oil Options Traders Ain't Buying It - Bearish Bets Biggest In A Year. Submitted by Tyler Durden on 03/02/2016 : Despite Andy Hall's statement that "the bottom is in," for crude (and oil analysts unicorn-like forecast of $47 by year-end), it seems oil options traders disagree significantly.
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"Everything Is Awesome". Submitted by Tyler Durden on 03/02/2016 : For NOW..
Fed's Williams says:   NO SIGNS OF FRAGILITY IN U.S. ECONOMY.. And reality says...


Isn't it amazing how easily 'we' can forget about the truly dismal state of the economy when stocks are rising...?
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Submitted by Tyler Durden on 03/02/2016 - 07:27
  • Trump, Clinton capture key wins on Super Tuesday (Reuters)
  • Hillary Clinton Triumphs in Delegate-Rich Super Tuesday States (WSJ)
  • S&P 500 Futures Follow Oil Lower, Erase Gain After Super Tuesday (BBG)
  • Oil below $37 as U.S. inventory rise counters output freeze plan (Reuters)
  • Wall Street's big short: President Donald J. Trump (Reuters)
  • Ex-Chesapeake CEO McClendon Indicted Over Lease Bid Rigging (BBG)
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POLITICS


America's Ruling Classes: No Fear, No Caution, No Prudence. Submitted by Tyler Durden on 03/02/2016 : Could it be that America's ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny? Could their smug confidence be their undoing? Only two things could upset the ruling class apple cart: a financial crash that the Fed can't stop, much less reverse, and Donald Trump winning the presidency.


 [ We are in fear now .. including Trump ..if win, he doesn’t know how to handle the establishment .. and the guys here .. doesn’t know how to swallow a big hipo .. they are in limbo & we are in limbo too. ]  
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The reason both the Democratic and Republican establishments are in full on panic mode about the rise of Donald Trump and Bernie Sanders is a deep seated fear that the plebs have finally woken up.  [what this has to do with the next? .. not logic in this writing..]

Although the Department of Justice and HSBC thought the money laundering case was settled ancient history, a determined chemist from Pennsylvania is throwing a wrench into their plans and it could have major implications.
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[ I don’t got it .. what happen .. is she incriminated? .. votes recounted? .. what? ]
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Extracts

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The reason both the Democratic and Republican establishments are in full on panic mode about the rise of Donald Trump and Bernie Sanders is a deep seated fear that the plebs have finally woken up.
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Democrats rail against big corporations, while Republicans rail against big government. This scheme has been used to successfully divide and conquer the public for decades while big government and big business successfully schemed to divert all wealth and power to an ever smaller minuscule segment of the population — themselves.
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It took awhile, but the people are finally starting getting it and they are royally pissed off. One of the primary mechanisms for this historic elite theft has been the creation of a two-tiered justice system in which the rich, powerful and connected are never prosecuted for their criminality. Instead, the government actively protects them by pretending corporate entities commit crimes as opposed to individuals. Of course, this is impossible, but yet it’s how the government handles white collar crime. The Orwellian named “Justice Department” casually utilizes deferred prosecution agreements (DPAs), in which companies pay a little fine and the criminals themselves walk away with not just their freedom, but ill gotten monetary gains as well.
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Nowhere is this most apparent than when it comes to the big banks. The individuals who work at these criminal cartels can literally do anything they want with total impunity. One of the most egregious examples of this was the $1.9 billion settlement arranged with HSBC for laundering Mexican drug cartel money and dealing with sanctioned countries. If you or I did this we’d be sitting in a concrete box eating porridge through a straw for the rest of our lives, but when “masters of the world” at big banks do it, the parent company just pays a slap on the wrist fine and life goes on. That’s how oligarch justice works.
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Although the Department of Justice and HSBC thought the money laundering case was settled ancient history, a determined chemist from Pennsylvania is throwing a wrench into their plans and it could have major implications.

WEST CHESTER, Pa.—When Dean Moore ran into roadblocks with a request for mortgage relief, he did what many people do: He sat down at his kitchen table to bang out an angry letter.

The letter has thrust Mr. Moore, a chemist, and his wife, Ann Marie Fletcher-Moore, a part-time bookstore manager, into a high-stakes battle over whether HSBC Holdings PLC must release a secret report on its compliance with a $1.9 billion money-laundering settlement.

A “secret” report. You’ve got to be kidding me.
The disclosure would be the first ever for this type of case and would shine a light on an increasingly common practice for banks accused of breaking the law. Instead of being prosecuted, banks typically enter into settlements under which they often agree to be overseen by monitors whose detailed judgments are kept secret. Judge Gleeson’s order has the potential to dial back that confidentiality, opening a new channel of information that prosecutors say could threaten the viability of such settlements in future cases.

If you don’t get by now that America is a banana republic, there’s little hope for you.
HSBC and Justice Department prosecutors have opposed the release, saying it wouldn’t do much to help Mr. Moore with his mortgage predicament. Judge Gleeson, in his order to unseal the report, said that was irrelevant.

Big banks and the U.S. government are simply 100% in bed together. Constantly scheming to prevent citizens from learning the truth.
The bank is appealing the ruling, but already it may be having an impact. HSBC disclosed last week that the January report by independent monitor Michael Cherkasky found instances of potential financial crime and had “significant concerns” about the bank’s pace of progress in complying with the money-laundering settlement.

A legitimate government that cared about the people would want the public to know this, but not the U.S. government.
The Moores say the experience has been surreal. The couple lives in this Philadelphia suburb with their four children, two dogs and a 15-year-old rabbit and had never spent much time in court other than for jury duty. They have nevertheless held their own against a phalanx of lawyers from the British bank and the Justice Department. A recent hearing in a Brooklyn federal court “was like ‘Law and Order,’” said Mrs. Fletcher-Moore, who is 50 years old.

HSBC admitted in its 2012 settlement that it failed to catch at least $881 million in drug-trafficking proceeds laundered through its U.S. bank and that its staff stripped data from transactions with Iran, Libya and Sudan to evade U.S. sanctions.

The mortgage was administered by HSBC, and the Moores say they wrote to the bank starting in 2008 asking it to temporarily lower the 7% interest rate. They said the lender appeared receptive, only for its representatives to misplace documents needed to complete their application for a loan modification several times.

Frustrated, the Moores researched the bank online last year and stumbled upon news of the money-laundering settlement and the monitor’s secret report. The Moores say they believe the report details faulty internal controls like those they encountered when trying to modify their loan.

If his ruling stands, it would be “the first time we get to see what happens after a bank settles a prosecution,” said Brandon Garrett, a professor at University of Virginia’s law school who has studied the monitor system.

Which is exactly what the U.S. government doesn’t want people to see.
HSBC and the Justice Department are still fighting to keep the report private and have appealed Judge Gleeson’s ruling to the Second Circuit Court of Appeals. An appeals court ruling could be months away. “I feel like a very small boat in a very large ocean,” Mr. Moore wrote at one point, in a letter responding to some of their arguments.
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For more on the corrupt U.S. justice system, see:
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Just another day in the…


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Super Tuesday Recap: Trump "Schlongs" GOP Field, Hillary Extinguishes "The Bern". Submitted by Tyler Durden on 03/02/2016 : Donald Trump is going to "make America great again." And Hillary Clinton is going to fight for "everyday Americans." And after Tuesday, you're going to have to choose between them. 
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How Wall Street Is Preparing For "President Trump". Submitted by Tyler Durden on 03/02/2016 :   Reuters writes, it is time for Wall Street to add "the juggernaut that is Donald J. Trump to the list of what-ifs that is worrying Wall Street."
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Billionaire Koch Brothers Won't Attack Trump In Primaries After Murdoch Calls For Party Unity. Submitted by Tyler Durden on 03/02/2016 : t appears it is not just the bookies that see Trump's nomination as a done deal. Even the money behind the establishment is folding now as Reuters reports the mega-donor billionaire Koch brothers have said they have "no plans to get involved in the primary." This follows another mega-donor, Rupert Murdoch's call to "unify the party" as Trump tries to make peace with the "establishment."
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ME & WORLD ISSUES



British workers will have to work until they are 81 if they want to build up savings that guarantee their parents' standard of retirement, according to a new study by pension provider Royal London. Without significantly higher levels of engagement in pensions, the report concludes rather ominously, "we may be witnessing the death of retirement."

[ The funeral business will go up .. heart attack Drs will be very bussy .. suicide will be programed..]
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WHY GLOBALIZATION REACHES LIMITS .  Very good article on the collapse of neoliberalismo. By Gail Tverberg via Our Finite World blog, Submitted by Tyler Durden on 03/02/2016. :
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. 
Source: http://www.zerohedge.com/news/2016-03-02/why-globalization-reaches-limits

  

[ Nice but.. where this graphic comes from? ]
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Extracts
See figure 1 at:

Recently, US imports seem to be down. Part of this reflects the impact of surging US oil production, and because of this, a declining need for oil imports. Figure 2 at https://gailtheactuary.files.wordpress.com/2016/02/total-us-imports-and-imports-ex-oil-as-ratio-to-gdp.png

Where Does Demand For Imports Come From?
Many of the goods and services we import have an adverse impact on US wages. For example, if we import clothing, toys, and furniture, these imports directly remove US jobs making similar goods here. 
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Even if a job isn’t directly lost, the competition with low wage nations tends to hold down wages. Over time, US wages have tended to fall as a percentage of GDP.

Figure 3 shows that labor is the most affected by this system. See  US Ratio of wages and salaries to GDP at https://gailtheactuary.files.wordpress.com/2016/02/us-ratio-of-wages-and-salaries-to-gdp.png

Another phenomenon that has tended to occur is greater disparity of wages. Partly this disparity represents a dangerous inequality . Figure 4 ahoe that earnings for the top 10% have tended to increase since 1981, while wages for the bottom 90% have stagnated. See Fig 4 at: https://gailtheactuary.files.wordpress.com/2016/01/income-top10-percent-comared-to-bottom-90.jpg
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Inasmuch as the US dollar was the world’s reserve currency, this increase in debt did not have a seriously adverse impact on the economy. The problem, however, is that at some point it becomes impossible to raise the debt level further. The ratio of debt to GDP becomes unmanageable. 
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Consumers, because their wages have been held down by competition with wages around the world, cannot afford to keep adding more debt. Businesses find that slow wage growth in the US holds down demand. Because of this slow growth in the demand, businesses don’t need much additional debt to expand their businesses either.

Commodity Prices Are Extremely Sensitive to Lack of Demand

Commodities, by their nature, are things we use a lot of. It is usually difficult to store very much of these commodities. As a result, it is easy for supply and demand to get out of balance. Because of this, prices swing widely.

Demand is really a measure of affordability. If wages are lagging behind, then an increase in debt (for example, to buy a new house or a new car) can substitute for a lack of savings from wages. Unfortunately, such increases in debt have not been happening recently. The problem started as early as 2012, but has been especially bad in the past year.

The way the governments of several countries have tried to fix stagnating economic growth is through a program called Quantitative Easing (QE). This program produces very low interest rates. Unfortunately, QE doesn’t really work as intended for commodities. QE tends to increase the supply of commodities, but it does not increase the demand for commodities.
This goes on and on

Conclusion

We have identified two different limits to globalization. One of them has to do with limits on the amount of goods and services that developed countries can absorb before those imports unduly disrupt local economies, either through job loss, or through more need for debt than the developed economies can handle. The other occurs because of the sensitivity of many developing nations have to low commodity prices, because they are exporters of these commodities.
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There are many other limiting factors. Fresh water is a major problem, throughout much of the developing world. Adding more people and more industry makes the situation worse.
One problem with globalization is a long-term tendency to move manufacturing production to countries with ever-lower standards in many ways: ever-lower pollution controls, ever-lower safety standards for workers, and ever-lower wages and benefits for workers.

Adequate wages are critical to making any system work. As the system has tended increasingly toward globalization, politicians have tended to focus more and more on the needs of businesses (speculation) and governments, and less on the needs of workers. At some point, the lack of buyers for the output of the system will tend to bring the whole system down.
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Thus, at some point, the trend toward globalization and automation must stop. We need buyers for the output from the system, and this is precisely the opposite of the direction in which the system is trending. If a way is not found to fix the system, it will ultimately collapse. At a minimum, the trend toward increasing imports will end–if it hasn’t already.

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Striking Admission By Former Bank Of England Head: The European Depression Was A "Deliberate" Act. Submitted by Tyler Durden on 03/02/2016 : Telegraph reports today, according to the former head of the Bank of England Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.
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GLOBAL RESEARCH



Billionaire Trump won seven of the 11 states with Republican contests, including Alabama, Arkansas, Georgia, Massachusetts, Tennessee, Vermont and Virginia. Billionaire Clinton took seven out of 11 states where Democrats went to the polls, including Alabama, Arkansas, Georgia, Massachusetts, Tennessee, Texas and Virginia. In Vermont Senator Bernie Sanders won his home state, as well as Colorado, Minnesota and Oklahoma.

NBC News projected that Clinton would win 525 delegates and Sanders 335, bringing their total of elected delegates to 641 and 401 respectively. Clinton has a huge lead of 425 to 22 among so-called super delegates—members of Congress, state officials and members of the Democratic National Committee—giving her a combined total of 1,066, about half way to the total required for nomination.

Sanders offers no alternative because, he is committed to the Democratic Party and supporting its presidential nominee, .. that is Clinton and her right-wing, pro-Wall Street program. Sanders also defends the Obama administration, which has presided over an intensification of social inequality at home while expanding the military operations of American imperialism around the world.

The growing intimacy between the Republican Party and semi-fascist elements has long been the dirty secret of official American politics. Both in the Democratic Party and the corporate-controlled media have cover this up, downplaying periodic eruptions such as the presidential campaigns of Patrick Buchanan, with close ties to Southern Republicans and white supremacist groups.
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[ Interesting.. but.. her  “Political Machine” is now in crisis . I will explain this later on. Hugo Adan] 

Meanwhile READ Tim Guzman 4 reason

1- Hillary is guilty in the  ‘Benghazi-Gate’ and she will NOT go to Prison. This mean that she is supported by the establishment.   
2- She is supported by big crook Bankers and mafia speculators in Wall Street.
3- She is supported by the big Main-Stream “known as presstitude”.
4- She is supported by war mongers from the Bush era known as “neocons”  (including R Kagan, the financier) and pro-Israel rightist lobbyists like AIPAC.
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INFORMATION CLEARING HOUSE


The New Mind Control. Must Read - By Robert Epstein. The internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do.
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Europe’s Slow Motion Debacle. By Pepe Escobar. The whole refugee crisis – an existential crisis for Europe – is being used by Ankara as a bargaining chip for an elaborate extortion racket.
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Hillary Clinton Is A Psychopath And A War Criminal. By Prof. Francis Boyle. Refugees are fleeing because the United States government has been destroying their states, as we’ve already discussed.
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Trump, Dog Whistles, and the Republican Full Monty. By Paul Edwards. He gives his folks red meat and they roar for it.
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Neoconservatives Declare War on Donald Trump. By Zaid Jilani. Trump has done much to trigger the scorn of neocon pundits.
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 'Plan B' and the Bankruptcy of US Syria Policy. By Gareth Porter. The political elite in Washington has been buzzing about the “appearance of allowing Russia to act with impunity” in Syria
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WASHINGTON BLOG


Hillary Clinton won, on Tuesday March 1st, six (6) states that aren’t even in contest for the November general election for the U.S. Presidency, but which are considered to be already in the bag for the given state’s dominant political Party to win in the general election: Alabama, Arkansas, Georgia, Massachusetts, Tennessee, and Texas. The Democratic Presidential nominee (regardless whether Clinton or Sanders) will get zero Electoral College votes from any of those states except Massachusetts, which is the only one of the states that’s going to be voting for the Democratic nominee on November 8th. However, since that’s also a state which will vote for the Democratic nominee regardless of whether it’s Clinton or Sanders, her victories in all six of those states mean zero regarding the candidate’s ability to win the general election — the Electoral College.

However, Hillary did win 1 (one) really meaningful state: Virginia. That state is among the ten toss-up states, the states that could vote either way, Republican or Democratic, on November 8th. Hillary’s victory there means a high likelihood that Virginia’s EC votes will be likelier to go to the Democratic nominee if that nominee turns out to be Clinton, than if it turns out to be Sanders. The number of EC votes that were at stake there was: 13.
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Between 2008 and 2015, central banks pretended that they had fixed the economy. In 2016, they’re starting to admit that they haven’t fixed much of anything. The current head of the Bank of England (Mark Carney) said last week:

The global economy risks becoming trapped in a low growth, low inflation, low interest rate equilibriumFor the past seven years, growth has serially disappointed—sometimes spectacularly, as in the depths of the global financial and euro crises; more often than not grindingly as past debts weigh on activity ….

This underperformance is principally the product of weaker potential supply growth in virtually all G20 economies.  It is a reminder that demand stimulus on its own can do little to counteract longer-term forces of demographic change [background] and productivity growth.   Keep Reading 
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THE GREAT CORPORATE EARNINGS FRAUD. Posted on March 1, 2016 by JimQ In case you miss it
“What are the odds that people will make smart decisions about money if they don’t need to make smart decisions–if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they’re still all wrong.” Michael Lewis, The Big Short: Inside the Doomsday Machine

Corporate earnings reports for the fourth quarter are pretty much in the books. The deception, falsification, accounting manipulation, and propaganda utilized by mega-corporations and their compliant corporate media mouthpieces has been outrageously blatant. It reeks of desperation as the Wall Street shysters attempt to extract the last dollar from their muppet clients before this house of cards collapses.

The CEOs of these mega-corporations accelerated their debt financed stock buybacks in 2015 as stock prices reached all-time highs and are currently so overvalued, they will deliver 0% returns over the next decade. This disgraceful act of pure greed by the Ivy League educated leaders of corporate America to boost their own stock based compensation is reckless and absurd.    Keep Reading  
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Bush and Cheney launched two disastrous and totally unnecessary wars which increased terrorism and undermined America’s standing in the eyes of the world. Hillary Clinton is at least as bad …

She is largely responsible for the war in Syria, which is plunging the Middle East and Europe into chaos. The New York Times confirms that Clinton is responsible for the violent regime change in Libya, which was also completely unnecessary.

Hillary is largely responsible for the bombing of Yugoslavia … another wholly unnecessary war.  Diana Johnstone writes:
In her star-struck biography of the First Lady, Hillary’s Choice, Gail Sheehy reported Hillary’s plea in favor of bombing Yugoslavia in 1999 as a major point in her favor. According to Sheehy’s book, Hillary convinced her reluctant husband to unleash the 78-day NATO bombing campaign against the Serbs with the argument that: “You can’t let this ethnic cleansing go on at the end of the century that has seen the Holocaust.”
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NOTICIAS IN SPANISH


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EE.UU. -Donald Trump e Israel. Eugenio García
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PRESS TV


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