Nueva Democracia: APR 29 16 SIT EC y POL

APR 29 16 SIT EC y POL

...

WHY TO BREAK HILLARY’ DEM PARTY?

Here one more reason: The main purpose is to put down the bipartisan system, the real cause of fraud and collapse of American democracy. Both parties –Dem & Rep are financed by billionaires and they both represent the 1% of America. We have to make the 99% prevail in the electoral race. The only way is to create a 3rd option: the PEOPLE's FRONT. The top bureaucracy of both parties destroyed US democracy by buying elections and imposing the rule of money over people will. With their money they buy the corp press, and bribe the super-delegates and privatize elections with “closed primaries”. By doing so, they denied US citizen their right to vote freely .. millions of people were excluded in NY. By breaking the bipartisan system we are cleaning our democracy from frauds & elites manipulation and we are offering inclusion and real freedom to vote by installing a 3^rd electoral choice. Here starts the Revolution!!

US PEOPLE WILL WIN THIS FIGHT AGAISNT THE 1%.

….

....

WHAT IS THE DEMOCRATIC PARTY GOOD FOR? ABSOLUTELY NOTHING Andrew Levine.

http://www.counterpunch.org/2016/04/29/what-is-the-democratic-party-good-for-absolutely-nothing/

Within the matrix of our semi-established two party system, Democrats do the most harm.

The Democratic Party is, by default, the political voice of organized labor and of social movements that fight for racial and gender equality, environmental sanity, and other worthy causes.

Democrats can therefore do what Republicans cannot: integrate the victims of the status quo into a political consensus that serves and protects those who benefit most from it – the “one percent,” the “billionaire class.” They are good at this.

The generally accepted name for the socially atomizing, inequality-generating, environmentally reckless version of late capitalism practiced and promoted in developed countries over the past four decades is “neoliberalism.” For most Americans, as for most people around the world, neoliberalism has become Enemy Number One. Republicans support neoliberal policies and practices more fervently than Democrats do. But, for putting them into practice, Democrats leave Republicans standing in the dust.

Source: http://www.counterpunch.org/2016/04/29/what-is-the-democratic-party-good-for-absolutely-nothing/

----

===

ZERO HEDGE

ECONOMICS

What Happens If Everybody Pulls Their Money Out Of The Bank Today? Submitted by Tyler Durden on 04/29/2016 : For every dollar that you have in the bank there is actually 0.00061 dollars available...in other words, there's 6 cents for every $100 dollars of deposits that you have at the bank. As Mike Maloney explains in this brief clip, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. Got Gold?

----

HOW THE NEOLIBERAL SYSTEM IS FALLING DOWN case: New York

"There’s Some Crazy Stuff Going On In New York" As Rental Glut Finally Hits The Bottom Line. Submitted by Tyler Durden on 04/29/2016

As a natural consequence of the Manhattan luxury real-estate slowdown that we've documented previously (here and here), REIT's that have exposure to the Big Apple are starting to feel the impact to their bottom line.

Here extracts:

According to reports, REIT Equity Residential, the U.S.’s biggest publicly traded multifamily landlord, fully intended to increase net effective rents in Manhattan during the first quarter, but a glut of new supply provided renters some leverage, and ultimately the company was forced to not only scrap the rent increases, but to give an estimated $600,000 in concessions in order to secure tenants, reducing growth in the area by 50 basis points.

There is one word to describe the NY rental market right now: glut.

"New York City just turned very quickly and more deeply than we expected. We had to join the concession party to close deals."

And it certainly is impacting the bottom line, as the firm lowered full year guidance for funds from operations to $3.05-$3.15 a share, down from an earlier forecast that had an upper range of $3.20.

A major culprit for the sudden cooling in the market appears to be the dropoff in well-paying, read banker, jobs and salaries: "The challenge in New York is the disparity between the luxury apartments that have been delivered and will be delivered" and the salaries paid in the city, Santee said. "There are many jobs in the $90,000 to $100,000 range, but it takes $130,000 a year in New York City to afford a one-bedroom apartment."

The good news: “other than New York, demand is very robust,” Santee said. Alas, with rent inflation soaring at over 8% now, or 4 times higher than wage growth...

... we doubt demand will be "very robust" for a long time.

Meanwhile, as more than 6,700 newly built apartments in Manhattan are listed for rent, with most of the units falling in the luxury, or top 10% tier of the market, where the median rent fell 3.5% in March from a year earlier, oversupply will continue to be an issue for developers and REIT's alike.

"There’s some crazy stuff going on in New York" the COO concluded. We expect more "craziness" as the cooling of the entire US economy has finally entered the Tri-state area.

----

According To The NY Fed, US Has To Grow At 3.8% In Second Half To Hit The Fed's GDP Forecast Submitted by Tyler Durden on 04/29/2016 : If the NY Fed is right, what does this mean in practical terms? Simple: assuming no revisions to Q1 GDP, and assuming Q2 GDP of 0.8%, then the US would have to grow at 3.8% to hit the Fed's central tendency forecast of 2.2% GDP growth as per its latest forecast.. See images by pressing the title

----

The Fed Just Found Its Next Excuse Not To Hike Rates. Submitted by Tyler Durden on 04/29/2016 : As June looms, The Fed - having dropped 'some' of its global event risk language in the latest statement - is now desperate for an excuse to not hike rates (or face a total loss of credibility). Judging by Fed's Kaplan, they just found it...

*KAPLAN SAYS FED WILL WATCH U.K. POLLS ON BREXIT CLOSELY IN JUNE

Which is a problem as 'Brexit' just moved into the lead among YouGov polls.

----

THE DEBACLE OF THE US ECONOMY

IS THE WORLD GETTING CRAZIER, BUT WE NO LONGER NOTICE?

Submitted by Tyler Durden on 04/29/2016

By Charles Hugh-Smith of OfTwoMinds blog,

http://www.zerohedge.com/news/2016-04-29/world-getting-crazier-we-no-longer-notice

The banquet of consequences is about to be served.

OPEN: THE DEBACLE OF THE US ECONOMY http://nd-hugoadan.blogspot.com/

----

Consumer "Hope" Slumps As Inflation Expectations Hit Record Lows Submitted by Tyler Durden on 04/29/2016 : Despite surging stock prices in April, UMich's final Consumer Sentiment print slipped to 89.0 (from 89.7 prelim and 91.0 previous) notably below expectations and the lowest since September 2015. Under the covers though, it was "hope" that really plunged, as Consumer expectations dropped to 77.0 - the lowest since September 2014. However, worst of all for The Fed is that medium-term inflation expectations tumbled back to 2.5% record lows.

See large image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/28/20160429_cons1_0.jpg

----

Weekend Reading: YEP... STILL LOOKS LIKE A TRAP . Submitted by Tyler Durden on 04/29/2016

“The market does what it should do, just not always when.” – Jesse Livermore

Selected extracts:

Last week, I noted technical breakout of the market above the downtrend line from last May, such a move required an increase in exposure to equity risk. “This is probably the most difficult ‘buy’ I can ever remember making.” I said

I also stated that it was probably a trap and that I will be stopped out in fairly short order. But that is the risk of managing money.

Well, since then the markets have gone, as of this writing, roughly nowhere as the market traded between roughly 2075 and 2100 all week. However, the following chart is what has me worried.

SEE CHART AT: http://content.realinvestmentadvice.com/wp-content/uploads/2016/04/SP500-VIX-042816.png

The chart of the volatility index measures the “fear of a correction” that currently exists in the market. As a contrarian indicator, the “time to sell” is when there is relatively little “fear” in the market. As the yellow highlighted bars suggest, that time is likely now. Will it be a mild pullback as saw in early 2015, or a more major decline as seen in August of last year? My bet is that it will likely be the latter given the weakening fundamental backdrop.

This weekend’s reading is focused primarily on the events from last week – The Fed and the markets. I suspect things are about to get much more interesting. However, given the ongoing Central Bank interventions, verbal easing by the Federal Reserve and an excessiveness of “bullish hope,” there is still no telling what the markets will do next. This is why in this upcoming weekend’s newsletter (subscribe for free e-delivery) I will be discussing the possibility of “shorting against the box.”

FOLLOW THE LIST OF READINGS:

To got it: Press the title of this art or Open this web site http://www.zerohedge.com/news/2016-04-29/weekend-reading-yep-still-looks-trap

HERE ONLY THE MUST READ LIST:

MUST READS

The Ugly Truth Of $15 Minimum Wage by Ed Rensi via Forbes
How Have Stocks Fared Over Last 50 Years by Bill Barker via Motley Fool
Echoes Of 1999 by Rob Arnott via Research Affiliates
Teetering On The Edge Of Recession by Ironman via Political Calculations
Where The Worst Declines Come From by John Hussman via Hussman Funds
Q1 GDP – Weak & Why by Michael Lebowitz via 720 Global
SEC Begins Crackdown On Non-GAAP Earnings by Tyler Durden via Zero Hedge
Something To The Positive Skew by Dana Lyons via Tumblr
Krugman’s Fiscal Equivalent Of War by David Stockman via Contra Corner

“The market does what it should do, just not always when.” – Jesse Livermore

----

QUICK ECONOMIC NEWS in zerohedge.com

US Treasury Gives Explicit Warning To China, Germany And Japan Not To Devalue Their Currencies Submitted by Tyler Durden on 04/29/2016 : "Treasury is creating a new “Monitoring List” that includes these economies: China, Japan, Korea, Taiwan, and Germany. Treasury will closely monitor and assess the economic trends and foreign exchange policies of these economies."

----

"Never. Been. Higher." Submitted by Tyler Durden on 04/29/2016

Keep 'peddling'...

see image

----

Crude Unable To Bounce Despite Biggest Rig Count Decline In 6 Weeks. Submitted by Tyler Durden on 04/29/2016 : After its earlier pump and rapid dump, WTI crude is unable to bounce for now despite the biggest rig count decline in 6 weeks. .. If the co-dependence continues we would expect to see rig counts begin to rise (or stop declining) very soon. Total US rig count dropped to 420 - a new all-time record low.

See large image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/29/20160429_rig.jpg

----

Oil Suddenly Tumbles. Submitted by Tyler Durden on 04/29/2016 : Having risen all day on the back of the weaker dollar now sliding to nearly one year lows, moments ago oil just wiped out all its intraday gains and tumbled to unchanged, losing almost a dollar in seconds.

See large image at: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/04/20/20160429_oil_0.jpg

----

OPEC Set To Pump Even More Oil In April As Saudi Arabia Boosts Exports To Near-Record High Levels. Submitted by Tyler Durden on 04/29/2016 : In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, US shale companies are starting to resume mothballed production. And now, according to the latest Reuters production survey, in the aftermath of the failed Doha oil freeze agreement, OPEC will be the next to boost production in the coming month, expanding supplies from an already oversupplied 32.46MMb/d to 32.64MMb/d. Finally, Reuters just blasted that Saudi Arabia is boosting its exports to near-record high levels.

----

Chicago PMI Tumbles From March Dead-Cat-Bounce "Plagued By A Lack Of Orders". Submitted by Tyler Durden on 04/29/2016 : March's dead-cat-bounce in Chicago PMI (like January's) has died again as the business barometer drops to just 50.4 (from 53.6) missing expectations of 52.6. This barely-above-contractionary level was driven by an 11-point collapse in Order backlogs to the lowest since Dec 2015, and as MNI reports, "order patterns continued to be plagued by a lack of large orders and absence of international demand, purchasers said."

----

Savings Rate Highest Since December 2012 After Personal Spending Disappoints Again. Submitted by Tyler Durden on 04/29/2016 : While income grew 0.4% MoM (more than the 0.3% expectations), spending disappointed with a mere 0.1% rise (against +0.2% MoM expectations). Year-over-year spending growth slowed to 3.5% - the weakest since December and income growth slowed to 4.0% YoY leaving the savings rate at its highest since December 2012.

----

Dow Dumps 400 Points From BoJ Shock As Gold Nears $1300. Submitted by Tyler Durden on 04/29/2016 : Gold first closed above $1300 on September 29th 2010, 67 months ago; and as investors' faith in Central Banks falters - with The Dow down over 400 points (and Nikkei 225 down 1700 points!) from the scene of Kuroda's Kamikaze decision, gold has soared up above $1299...

See large image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/28/20160429_gold13002_0.jpg

----

POLITICS

OBAMA GOV CONTINUE BE CONDEMNED, as usual -among oposition- in Congress

"You've Lost Their Confidence" Tom Coburn Exhorts Congress "America Doesn't Trust You Anymore". Submitted by Tyler Durden on 04/29/2016: "America doesn’t trust you anymore. That’s the truth... and that’s not one party, that’s both" raged former Senator Tom Coburn during a hearing before the Senate Committee on Homeland Security and Governmental Affairs this week. As FreeBeacon reports, Coburn, making his first appearance before the Senate since his farewell speech when he retired in late 2014, pleaded with Congress to take action to reform government, quoting de Tocqueville, that an ever more centralized control reduces its citizenry "to nothing better than a flock of timid and industrious animals, of which the government is the shepherd."

----

Patrick Buchanan: At Last, America First!. Submitted by Tyler Durden on 04/29/2016

Whether the establishment likes it or not, and it evidently does not, there is a revolution going on in America. [ THE CLOWNS REV LEAD BY D TRUMP. ]

----

The Oligarchy Is Tottering - Trump Tramples The Neocons' "False Song Of Globalism". Submitted by Tyler Durden on 04/29/2016 : For the past twenty years, movements have arisen to challenge American imperialism. The Trump movement is different: it is massive, and it is capable of winning. That’s what has the Establishment in such a panic. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.

by Justin Raimondo via AntiWar.com,

...

Here only extracts summing up Trump main message:

This is why the Republican Establishment hates Trump: it’s no accident that the same neocons who lied us into the Iraq war and profited personally and professionally from that disastrous adventure are now in the vanguard of the “Never Trump” brigade. As Heilbrunn points out:

What Trump is talking about is dispensing with an entire wing of the GOP that has controlled the commanding heights of foreign policy over recent decades.”

Billions of dollars in “defense” spending are tied up in NATO contracts: the power and prestige of Washington’s foreign policy “experts” are inextricably linked to maintaining the Atlanticist bridge that binds us to our free-riding European client states. And now the candidate most likely to win the GOP presidential nomination is threatening to take it all away from them. No wonder they hate his guts and will do anything to stop him.

American nationalism is a schizophrenic creature: on the one hand, it is pacific, inward-looking, and benign. On the other hand, it can be vengeful, aggressive, and malevolent. Like Trump himself, it is often unpredictable. And therein lies the danger – and the opportunity.

Nationalists of the Trumpian sort see America as an exceptional nation, but unlike the aggressive nationalists of the neoconservative variety they don’t believe the American system can be exported, and certainly not by force of arms.

For all his faults as a candidate, Trump is forcing a sea change in the American political discourse. His campaign for the presidency has certainly shifted the terms of the debate over foreign policy, not only in the GOP but generally. Senator Rand Paul’s candidacy was dogged by questions about his lack of “orthodoxy” on foreign policy issues. That orthodoxy has now been smashed to smithereens, and future Rand Pauls will face no such suspicious inquiries. Candidates will no longer be required to sing, in unison, “the false song of globalism” – and we have Donald Trump to thank for that.

For the past twenty years, movements have arisen to challenge American imperialism: the campaigns of Pat Buchanan, the antiwar left that arose during the Bush years, the Ron Paul campaigns that energized many thousands of young people and put some meat on the bones of the libertarian movement.

The Trump movement is different: it is massive, and it is capable of winning.

But there is more to it than that. If we step back from the daily news cycle, and consider the larger significance of the Trump phenomenon, the meaning of it all is unmistakable: we haven’t seen anything like this in American politics – not ever. Revolution is in the air. The oligarchy is tottering. The American people are waking up, and rising up – and those who try to ignore it or disdain it as mere “populism” will be left behind.

We are living in revolutionary times. Every political movement and tendency will be put to the test. Some will be found wanting, and they will fall by the wayside. Others will adapt and prosper. Whether we have the courage to face the future is an issue that will soon be decided, and it is we who will do the deciding – because our fate is in our hands.

----

ME & WORLD ISSUES

ZARpocalypse Now? BofAML Warns "Summer Of Shocks" Looms Submitted by Tyler Durden on 04/29/2016 : The mysterious ZARJPY indicator of global turmoil is flashing red once again as BofAML's Michael Hartnett warns of soaring sentiment into a potential "summer of shocks." Wall Street/Fed continues to play "cat and mouse" and (hedge fund) redemption, (central bank) repression, (market) regulation risks remain very high as the flash crash/pain trade era to continue.

See large image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/28/20160429_jpyzar_0.jpg

and:

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/28/20160429_jpyzar1_0.jpg

----

It's The Debt Stupid: Scotiabank Warns "At Some Point 'The Future' Becomes 'Today'". Submitted by Tyler Durden on 04/29/2016 : Low interest rates attempt to buy time. The idea is to bring consumption forward until the economy heals on its own as capital projects are completed. But those projects never began this time. The end result is ever-higher debt that borrows more and more from the future. Unfortunately, it borrows from the future without making the future any brighter through solutions to root causes of economic ailments. At some point, the “future” becomes “today”.

----

All Depressions Are Not Created Equal. Submitted by Tyler Durden on 04/29/2016. : It has been said that history may not repeat but it sometimes rhymes. Just as the generals always seem to fight the last war people seem to prepare for the last depression. Times change and the mechanism that leads to misfortune changes with it. Looking at the past may not give us the clear answer to how to deal with the future but it can help us to determine what might happen and how to deal with it when the time comes.

----

Germany Moves To Ban Refugees From Welfare; Politician Calls For "Islam Law" To Limit Influence Submitted by Tyler Durden on 04/29/2016

[ First Germany help to bomb them –in alliance/or subordination- to US policies, and now they treat the refugees worse than animals .. nothing new in the German history of Nazism. ]

----

Russia And Saudi Arabia Locked In Relentless Fight Over China's Oil Market .Submitted by Tyler Durden on 04/29/2016 : Russia and Saudi Arabia have been (relatively) quietly fighting for market share in China ever since oil prices started their downward spiral in mid-2014 - now the battle is heating up, and teapot refineries are what could tip the balance.

----

The US Endgame? Creating A Climate That "Could Easily Be Transformed Into [World] War". Submitted by Tyler Durden on 04/29/2016 : Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. The dying Petrodollar system has been on life support for some time, and it appears other nations such as the BRIC’s are taking the initiative to return to a true monetary standard. This is the same gold and silver standard that the U.S. should never have left in the first place.

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)), via SHTFPlan.com,

The U.S. responded in kind on April 20 by allowing a guided missile destroyer, the U.S.S. Cook to encroach upon Russian borders while conducting maneuvers near Poland. The U.S. claimed that Russian aircraft were doing fly-by’s to intimidate the destroyer.

“This is about attempts to exercise military pressure on Russia. We will take all necessary measures, precautions, to compensate for these attempts to use military force.”

This statement by Grushko was not limited to the incident with the Cook.

Although the exercises are superficially being dubbed maneuvers to help with control of civilian airports and coordination with them during “an emergency situation,” in reality they are both posturing and stationing aircraft on Russia’s western flank. Also, the mainstream media barely mentioned the fact that last month, NA

Now the BRIC nations are starting their markets up in earnest, backing their currencies with gold and trading in Shanghai, China, and Moscow in Russia. These two nations, incidentally are #1 and #3 respectively regarding gold production.

Another point of interest that may have a great effect is that Congress is in the midst of passing legislation to hold Saudi Arabia partially accountable for the 9-11 attacks.

The Saudis responded with informing the state department that they will call in assets and all accounts payable if that is the case. This could really domino and also spell an immediate end to the Petrodollar. Wouldn’t that be interesting? Congress would hit the Saudis up with a bill, and the Saudis would pay us in “fiat” Federal Reserve notes, maybe cutting off the oil supply as well. Payment of the bill then may as well be in toilet paper.

To summarize, akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. The dying Petrodollar system has been on life support for some time, and it appears other nations such as the BRIC’s are taking the initiative to return to a true monetary standard. This is the same gold and silver standard that the U.S. should never have left in the first place.

----

"Erdogan Is The Father Of ISIS" - New Documentary Outlines Turkey's Support Of The Islamic State. Submitted by Tyler Durden on 04/29/2016 : Is Turkey the support behind ISIS? A new documentary lays out evidence that would lead to that conclusion... one we first exposed here, here, and here. The documentary takes place just days after the YPG took back the town of Shaddadi (a former ISIS stronghold), and what is revealed will most certainly go under reported, but is important nonetheless.

----

The Woodstock Of Crony Capitalism. Submitted by Tyler Durden on 04/29/2016 : In Davos, they chug bottles of Chateau Lafite Rothschild and plot how to pillage small nations. At Berkshire, we will eat Dilly bars and plot how to pillage the middle class. Capitalism is beautiful and crony capitalism is the end product of politicians who prostitute the laws. I don’t have the power to change the current rules, but I can certainly learn to thrive within them.

By Adventures in Capitalism

Over the past fifteen years, the US has undergone a massive increase in pernicious regulation. Therefore, it seems only natural that opportunities would exist in the most regulated sectors of the economy. If you can get your permits and deny those permits to others, if you can avoid environmentalists and NIMBYs, if you can dodge taxes, if you can charm the cliques in Washington, you have an opportunity to earn outsized profits—especially if you have an endless fire-hose of cheap insurance float to deploy.

Crony capitalism is highly lucrative and as a Berkshire shareholder, I’ve reaped the rewards.

The Koch Brothers spend hundreds of millions on elections. Soros spends similarly on fringe groups that break windows and overturn cars. Neither really accomplishes his goals. Buffett gets what he wants. In Davos, they chug bottles of Chateau Lafite Rothschild and plot how to pillage small nations. At Berkshire, we will eat Dilly bars and plot how to pillage the middle class. Capitalism is beautiful and crony capitalism is the end product of politicians who prostitute the laws. I don’t have the power to change the current rules, but I can certainly learn to thrive within them.

----

GLOBAL RESEARCH

Argentina: Government Shows Signs of Siding with Farmers in Dispute with Monsanto

----

US Air Force Bombed Aleppo and then Blamed Russia [ When my wife accused me of being “disloyal to her” without reason, nor evidence .. I ignored –not quarrel at all- but decided to please her and did it .. very discretely. Then a miracle happens.. we got reliable peace.]

----

Western Media Break Their Silence on Aleppo with Flagrant Lies, Omissions, Obfuscations By Eva Bartlett,

----

Are US Special Forces in Syria Working with Opposition Groups Linked to ISIS and Al Qaeda? By Press TV,

----

Nicolas Maduro to Remain President. Venezuela Supreme Court Amendment Shortening Presidential Term Not Retroactive By Lucas Koerner, One victory against US imperialism and is coming the next one in Brasil with powerful mass MOV that will put down the opposition to Dilma & this Social MOV will be spread to all Latin America.. where the labor MOV is strong & independent for the electoral circus.

----

COUNTER PUNCH

WHAT IS THE DEMOCRATIC PARTY GOOD FOR? ABSOLUTELY NOTHING Andrew Levine.

http://www.counterpunch.org/2016/04/29/what-is-the-democratic-party-good-for-absolutely-nothing/

Within the matrix of our semi-established two party system, Democrats do the most harm.

The Democratic Party is, by default, the political voice of organized labor and of social movements that fight for racial and gender equality, environmental sanity, and other worthy causes.