MAY 9 16 SIT EC y POL
….
'KILLARY' WILL BE "THE LAST AMERICAN
PRESIDENT" warns Paul Craig Roberts
Submitted by Tyler
Durden on 05/09/2016
"The question is: will enough
insouciant Americans align with the One Percent, the neocons, the men-hating
feminists, homosexuals, the transgendered, and other “preferred minorities” to
put the US presidency in the hands of an aggressive, corrupt person with a
conscience deficit? That is the goal toward which the
presstitutes are driving the brainwashed. If we end up with Killary, neither
the US nor the world will survive the mistake. She will
be the last American president..."
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The rot in
Washington now permeates the country. It is a rot
that threatens the entire world.
Es la podredumbre imperial la que amenaza el mundo
entero, dice Paul Craig Roberts.
Hillary es lo peor de esa podredumbre.. ella conducirá
el tren al abismo, si llega al poder
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ZERO HEDGE
ECONOMICS
Options
Traders Confidence Collapses Most Since August Crash. Submitted by Tyler
Durden on 05/09/2016 : The realized
(actual) volatility of the US equity market has plunged in recent weeks to its
lowest since April 2015 as an odd complacency washed across risk assets
emboldened by "whatever it takes" synonyms spewing from every and any
central banker in the world. However, options traders appear to be losing faith
in the market turmoil cease-fire as implied volatility (the market's best
guess at future uncertainty) trades at its largest premium to historical
volatility in over a year.
The last time this happened, as the chart suggests, the 'market' is
perceiving the fragility in the calm is going to end very soon - just as it did
in the summer of 2015, before the August crash.
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CHINA
TRADE AND THE INEVITABILITY OF SYSTEMIC RESET. Submitted by Tyler Durden on 05/09/2016 : The
reset is the answer, not the problem. Delaying the answer only elongates the
pain of the problem. Under the direction of orthodox economics (the fusion
of Keynes and monetarism) the world’s “stimulus” apparatus is making a bad
situation worse by (at best) dragging it out far longer than maybe it would
have under more traditional business cycle conditions. Belief in the power of
“stimulus” to make it happen prevents awareness of what is, again, really a
paradigm shift that will not be altered. What we are analyzing, then, is not
what awaits but how long it takes to get there and the huge, growing costs to
delay what looks only inevitable.
….
Chinese trade figures for April 2016 are once again
spotlighting the disparity, perhaps more intensely than ever.
See charts on China
Exports at:
and
See chart on China import at:
and
http://www.alhambrapartners.com/wp-content/uploads/2016/05/ABOOK-May-2016-China-Trade-Imports.jpg
Here it is
The reset is the answer, not the
problem. Delaying the answer only elongates the pain of the problem.
The systemic problem is what the eurodollar’s rise
represented – an open world of financialism where credit was unrestrained not
just in terms of debt proportions but within the very idea of money itself.
See chart at:
The end of the eurodollar system should be cause for global celebration but it is not since
there is nothing ready by which to replace it. Instead, it comes on anyway and
leaves only greater strain and uncertainty about what it will mean and the
world might look like at that point.
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The
Twilight Of The Gods (aka Central Bankers). Submitted by Tyler Durden on 05/09/2016
The
current financial market volatility increasingly reflects loss of faith in
policy makers. Celebrity central bankers are learning that they
must constantly produce new miracles for their followers. For the moment,
the volatility is confined to financial markets and the effect on the real
economy is limited. The ever present risk is of a doom loop where financial
market problems lead to banking system weakness which, in turn, feeds a credit
crunch and a contraction in economic activity. That familiar movie
does not have a happy ending.
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With
A Historic -150% Net Short Position, Carl Icahn Is Betting On An Imminent
Market Collapse Submitted by Tyler
Durden on 05/09/2016 :
"We’re much more concerned about the market going
down 20% than we are it going up 20%. And so the significant weighting to the
short side reflects that."
…
March 31, Carl Icahn - who subsequently divested his entire
long AAPL exposure - has been truly putting money, on the short side, where his
mouth was in the past quarter. So much so that what on December 31, 2015 was
a modest 25% net short, has since exploded into a gargantuan, and unprecedented
for Icahn, 149% net short position.
[ THE FALL OF ONE BIG CO DOESN’T SAY MUCH ABOUT THE SITUATION
OF THE NATION ECON.]
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Artist's
Impression Of The Real World. Submitted by Tyler
Durden on 05/09/2016
PUSH BACK... AGAINST THE 99%
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Trump
On Debt Renegotiation: "You Never Have To Default Because You Print The
Money". Submitted by Tyler
Durden on 05/09/2016 : First of all you never have to default
because you print the money I hate to tell you, so there is never a default. It
was reported in the NYT that I want to default on debt - you know I am the king
of debt, I love debt, but debt is tricky and its dangerous. But let me just
tell you: if interest rates go up and bonds go down, you can buy debt - that's
what I'm talking about."
Critique
Aside from the comment that "one never has to default
if one is printing the money", which has not exactly led to favorable
outcomes for countries which have done just that and the only difference in the
case of the US is possession of the reserve currency for now, what Trump is
really talking about is inflating away the debt, something the Fed and all
other central banks have been desperately trying to do for the past 7 years, so
far without much success.
In effect, Trump's point is really just a continuation of
Fed policies: boosting inflation, and leading to a spike in long end yields;
all Trump does is explain mechanistically how the US can take
advantage of this "debt inflation", which as he correctly points out,
can simply be repurchased at a price well below par if rates are surging in
effect reducing the nominal debt burden.
Which incidentally brings us back to Trump's point about
wanting lower interest rates: if the "king of debt" is so eager to
buyback debt at a discount, what he should be urging is not lower but far
higher interest rates. Now that is a proposal the Fed, Goldman and all
global banks would love to get behind, even if it means leaving the economy in
a state of even bigger collapse...
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The
Problem Of Excessive Optimism. Submitted by Tyler
Durden on 05/09/2016
"If we have borrowed more from our future than
any time in history and markets value the future, we should be selling at a
discount, not a premium to historic valuations... Overconfidence and over
valuation always extract a terrible payback." SEE CHART
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Frontrunning:
May 9 Submitted by Tyler Durden on 05/09/2016 -
- China stocks plunge again as hopes for economic recovery fade (Reuters)
- European Stock Gains Defy China Data That Hurt Metals; Oil Rises (BBG)
- Yen falls after Tokyo warning (Reuters)
- Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen (BBG)
- Dollar Jump Catches Traders Short in One More Currency Calamity (BBG)
- Even China's Party Mouthpiece Is Warning About Debt (BBG)
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US
Futures, Europe Stocks Jump On Oil, USDJPY Surge; Ignore Poor China Data, Iron
Ore Plunge. Submitted by Tyler
Durden on 05/09/2016 : The overnight session has been one of
alternative weakness and strength: it started in China where
stocks tumbled 2.8% to a two month low following some unexpected warnings
in the official People's Daily newspaper and poor trade data. Concerns about
China, however, were promptly forgotten and certainly not enough to keep global
assets lower, with European stocks gapping higher at the open and rallying from
a one-month low, driven by a "surprising" surge in the USDJPY which
has moved nearly 200 pips higher since its post-payrolls low. Another driver is
the jump in oil, which rallied just shy of $46 a barrel, buoyed by Canadian
wildfires that are curbing production and speculation that the Saudi Arabian oil
minister succession will be bullish for oil prices.
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QUICK ECONOMIC NEWS from zero hedge
Will
"Inevitable USD Strength" Lead To Another Market Selloff. Submitted
by Tyler Durden on 05/09/2016 : Sure
enough, overnight the WSJ
writes that the "powerful rallies that have lifted stocks, crude oil
and emerging markets for the past three months have one important thing in
common - the falling dollar - and investors are growing anxious that
it could prove to be the weak link." But is a strong dollar about to
make another appearance and unleash the next leg lower in risk assets?
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China's
Crashing - Stocks, Commodities Plunge After "Top Authority" Implies
"Abandoning Loose Policy". Submitted by Tyler
Durden on 05/09/2016 : "After comprehensive judgment, our
economic recovery cannot be U-shaped, cannot be V-shaped, but will be
L-shaped," warns an 'authoritative' person according to a shocking
report published by Government mouthpiece People's Daily. The report, explaining
why investors should not expect growth to pick up soon or expect more
stimulus to come soon further sets expectations for China to "face the
issue of rising non-performing loans" and not continue to create zombie
companies. The result - a bloodbath in stocks and commodities...
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POLITICS
Submitted by Tyler
Durden on 05/09/2016
"The question
is: will enough insouciant
Americans align with the One Percent, the neocons, the men-hating feminists,
homosexuals, the transgendered, and other “preferred minorities” to put the US
presidency in the hands of an aggressive, corrupt person with a conscience
deficit? That is the goal toward which
the presstitutes are driving the brainwashed. If we end up with Killary,
neither the US nor the world will survive the mistake. She will be the last American president..."
----
The rot in
Washington now permeates the country. It is a rot
that threatens the entire world.
Es la podredumbre imperial la que amenaza el mundo
entero, indica Paul Craig Roberts.
Hillary is parte de esa podredumbre.. la que conducirá
el tren al abismo, si llega al poder
----
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State
Department "Unable To Find" Hillary Emails To IT Aide, Apologizes For
Incompetence Submitted by Tyler
Durden on 05/09/2016 : "The department has searched for Mr.
Pagliano's e-mail PST file, and has not located one that covers the time
period of Secretary Clinton's tenure... The department does acknowledge,
we must work to improve our systems for record management and retention as part
of the ongoing effort, the department is not automatically archiving
Secretary Kerry's e-mails as well as the e-mails of numerous senior
staff."
[ Again with the short-story tell of “incompetence”?.
Why don’t admit that our system is rotten, totally corrupted, and need to be replaced top-down & bottom-up. ]
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ME & WORLD ISSUES
Remembering
The Lessons Of WWII: Putin Calls For A "Non-Aligned System Of
International Security" Submitted by Tyler
Durden on 05/09/2016
The evil the world
faces today is akin to that of the Nazi threat during WWII, warned Vladimir
OPutin today at the V-Day celebrations, and called upon everyone to remember
the lessons of history, unify, and defeat the terrorists. "The lessons of history show that peace on our planet
doesn't establish itself, that you need to be on high alert. We must defeat this evil, and Russia is open
to join forces with all countries and is ready to work on the creation of a
modern, non-aligned system of international security."
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GLOBAL RESEARCH
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INFORMATION CLEARING HOUSE
Who Rules the World?. American Power Under
Challenge. By Noam Chomsky
In the contemporary global order, the institutions of the
masters hold enormous power
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We are all living in Hybrid War time. From R2P
(“responsibility to protect”) to color revolutions, from currency attacks to
stock market manipulations
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America’s
Two-Faced Policy on Iran. By Alastair Crooke
The Obama administration seeks to demonize Iran while also
demanding their help
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Why Middle
Eastern Leaders Are Talking to Putin, Not Obama. By Dennis Ross
Middle Eastern leaders are making pilgrimages to Moscow to
see Vladimir Putin these days, not rushing to Washington
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How the rich and powerful exploit the system.
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Bearing the
Cross . Rev. Daniel J. Berrigan. By Chris Hedges
“Our Humanity I restored by Love” . Dan, was on the FBI’s
most-wanted list—the first Catholic priest in the country to hold that
distinction
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COUNTER PUNCH
Doug Johnson Hatlem. Hillary
Clinton Versus Bernie Sanders: Taking Election Fraud Allegations Seriously
(Part 1)
Citizens group gave
sworn testimony to irregularities in Chicago’s audit of electronically cast
ballots between Hillary Clinton and Bernie Sanders, .. not body bother to
answer a phone call to Chicago’s Board of Elections to ask about those
allegations.
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Noam Chomsky. Masters
of Mankind: American Power Under Challenge
When we ask “Who
rules the world?” we commonly adopt the standard convention that the actors in
world affairs are states, primarily the great powers, and we consider their
decisions and the relations among them. That is not wrong. But we would do well
to keep in mind that this level of abstraction can also be highly misleading.
In the contemporary
global order, the institutions of the masters hold enormous power, not only in
the international arena but also within their home states, on which they rely
to protect their power and to provide economic support by a wide variety of
means.
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Neo-fascists,
racists, and misogynistic people are finding new voice with Donald Trump’s
presidential bid. Neo-conservatives and fundamentalists found hope with Ted
Cruz. Moderates, liberals and women see Hillary Clinton as a chance for Supreme
Court balance and gender equality, and left-leaning liberals are cheering for
democratic socialist Sanders to save our economy by breaking up big banks and restoring
trust in government.
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On May 23rd,
24th, 25th and 26th 2016 at Constitution Hall
in Washington, D.C. a large gathering of civil society will take place to
challenge the entrenched power of the corporate/political complex. The event is
called Breaking Through Power. . The major mobilizing action on May 24th will be to
create a new advocacy organization called “Voices.” The purpose of
Voices is simple―to push for enlarging and enhancing space for serious content
in all forms of media.
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WASHINGTON BLOG
Posted on May 9, 2016 by Charles
Hugh Smith
Multiculturalism is often an excuse for identity
politics: the (politically
useful) notion that every member of an ethnic or religious group “should”
support policies A,B & C and vote for candidates X, Y and Z based solely
on their membership in an identity that is a useful tool for political
exploitation.
Multiculturalism is not about identity politics–it’s
about being recognized as an individual with your own character,
experience, values and views. Yes,
we draw upon our genetic heritage, our experience of race, gender and faith,
and a thousand other confluences of life in America and the world beyond.
But no individual can be reduced down to race, gender and
faith–which is the entire purpose of identity politics.Identity politics is a specific form of
propaganda that exploits our sense of membership in various groups into support
for specific policies and politicos.
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By Steve Keen . Debt Deflation blog.
VIDEO URL https://youtu.be/VnW556X_xRA
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NOTICIAS IN SPANISH
El antisemitismo, arma de
intimidación masiva. Bruno Guigue
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Francia: ¡Qué olor a años 30! Guillermo Almeyra
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PRESS TV
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