JUNE 1 16 SIT EC y POL
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1-
HILLARY
CLINTON SHOULD BE IMMEDIATELY INDICTED FOR:
1. Obstruction of justice. If
any average citizen lied to investigative officials, failed to turn over
evidence, provided only selective evidence, they would be prosecuted to
the full extent of the law. If any average military personnel with even
the lightest of Security Clearance was in breach as Clinton clearly was, they
would be prosecuted. Why are our officials not held accountable for their
actions?
2. Spoliation of evidence. If any
average citizen wiped the hard drive after requests from authorities to turn it
over, they would be prosecuted. Why are our officials not held
accountable for their actions?
3. Violation of Federal Records Act (perhaps willful). Our officials agree to be
accountable when they hold office. They also agree to comply with the
Federal Records Act. Why are our officials not held accountable for their
actions?
4. Violation of Espionage Act (perhaps willful). Our officials with Security
Clearances agree to hold sensitive information vital to our country’s security
with strict restrictions. Ignoring these restrictions should be
prosecuted in full, and not doing so is treason against every American.
Why are our officials not held accountable for their actions?
The Clinton Foundation ties to weapons deals should also be
thoroughly investigated.
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2-
WHAT CLINTON & TRUM REPRESENT IN AMERICAN POLITICS:
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THEY are the people who
fabricated pretexts to Vietnam and Iraq
War.
THEY are the ones who commit war crimes with impunity and
jail dissenters.
THEY are the ones who torture and
imprison people out of any legal frame
THEY support criminal bankers reward with bailouts
instead of indict them
THEY are the ones who buys media
Corp to protect people who commit crimes against humanity [Case in
point: H Kissinger.] instead of investigating and
revealing them.
THEY are being exposed by whistleblowers and journalists.
Their days are numbered.
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ZERO HEDGE
ECONOMICS
The tape faces four big catalysts/events between now and
probably the end of the year according to JPMorgan...
1)
THE FED. Do they move in June or
Jul? The former has the Brexit problem on June 23 (although the
odds of an “out” vote have declined enormously) and the latter lacks a press
conf. Will two hikes this year
(one in the summer and another ostensibly in Dec after the elections) spark
another steep rally in the USD or will currency markets stay calm?;
2)
CHINA FX – the CNY hit a high of ~6.60 vs. the USD earlier in
the year, rallied to ~6.45 as of the end of Mar, and has since rebounded to
~6.58. It isn’t so much the
absolute level that investors watch (although that is clearly important) but
instead the pace of weakness that is most important (Aug saw a sharp
devaluation and that repeated around the end of Dec/early Jan). The messaging from Chinese officials suggests they will avoid
additional sudden 1x devaluations but further CNY weakness should be expected (JPM
is assuming 6.63 by the end of Q3 and 6.75 by the end of the year);
3)
JAPAN POLICY – the
surprise adoption of NIRP on 1/29 was a major negative not only b/c it drove a
global sell-off in bank stocks but also as it undermined central bank
confidence in general. The BOJ
is likely gearing up additional action (at either its 6/16 or 7/29 meeting) and
it will be important for it avoid a repeat of 1/29;
4) US
ELECTIONS – the consensus expectation
right now assumes a Clinton victory but current trends suggest such an outcome
is far from certain. Hillary hasn’t even secured the Democratic
nomination and appears headed for a very acrimonious convention.
The GOP meanwhile is quickly unifying behind Trump and recent polls are
pointing to a very close election in Nov. Note that control of the Senate
is very much up for grabs this year too (the House seems safely in Republican
hands).
In the meantime, stocks have never been more expensive...
Price-to-Sales has never been higher:
See big image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160601_ps_0.jpg
...
Positioning is extreme... Big image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160523_EOD1.png
....
And complacency is high...
Big Image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160523_EOD2.png
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With price-to-sales
at it highest ever for US equities, we thought the following three simple charts may provide some cynical,
skeptical, fiction-peddling facts as everyone waits for payrolls this
week...
Earnings expectations remain
entirely decoupled from equity index price 'reality'... Big image at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160601_three1_0.jpg
And While Industrial Production in America mattered for
decades... stocks are ignoring the
current recession-like plunge in output... Big image at http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160601_three3_0.jpg
And finally, it appears that bonds (the Treasury yield curve)
has a far more accurate sense of reality - as GDP growth expectations collapse - than US equities... Big image
at: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/01/20160601_three2_0.jpg
Do you believe in earnings hockey-stick miracles? Is your
faith in The Fed unshaken? Can we really get to November's election without
some event? Trade accordingly (and remember VIX shorts and S&P longgs are
the highest in years)
Charts: Bloomberg
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For a country that
prides itself (or used to at least) on the success of the entrepreneur and
small business creation, a disturbing trend has developed. According to according
to a new analysis by the Economic Innovation Group, fewer new businesses were created in the last five years than any other
period since at least 1980..."It's hard to put into scale the
collapse of new business formation. We
have no precedent for that rapid and steep of a decline. It will have a
ripple effect in the economy."
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We can't go back, so we must go forward. It is possible to create employment
security, but it can't be forced by imposing guarantees on employers. If employers can't respond flexibly to a
dynamic global economy, their only choice will be to shut down. When that
happens, everyone loses.
Flexible labor is the future for the basic reason that it is
the only viable model going forward.
If we can't go forward, then let's go back: this is the
guiding philosophy of the labor movement that seeks security via strict work
rules. The premise here is simple: employers could provide their
employees with secure employment if only they weren't so greedy.
To get guaranteed employment security, you must first
guarantee profits that can be reinvested to keep the enterprise afloat.
In today's world of global competition and stagnation,
guaranteed profits and guaranteed employment security are both scarce. What
could be more guaranteed than profits from oil? Oops. How about offering
ObamaCare/ACA health plans? Oops. It turns out profits, even in supposedly
rock-solid industries, are not guaranteed.
It would be nice if we could go back to a time in which
employees could count on one employer to provide guaranteed employment for
life--but we can't. Even the 20% of the work force that works for the
government will have to adapt eventually, as the government itself lives off
private-sector profits and wages.
And as this chart shows, wages as a share of GDP have been
declining for decades:
See big image at: http://www.oftwominds.com/photos2016/wages-GDP5-16a.png
We can't go back, so we must go forward. It is possible
to create employment security, but it can't be forced by imposing guarantees on
employers. If employers can't respond flexibly to a dynamic global
economy, their only choice will be to shut down. When that happens, everyone
loses.
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The middle class in America is in crisis, with
incomes falling and life expectancy worsening. Why? And what can be done
about it?
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BofA: "last week, BofAML clients were net sellers of US
stocks for the 18th consecutive week, continuing the longest uninterrupted
selling streak in our data history (since ’08)."
We were right, and as BofA's Jill Carey Hall writes
overnight, "last week, BofAML clients were net sellers of US stocks for
the 18th consecutive week, continuing the longest uninterrupted selling streak
in our data history (since ’08)."
More importantly, she admits that as expected, "sales
accelerated last week to $1.6bn, the largest net sales since late April after
sales had slowed in the prior three weeks. Clients still don’t believe the
rally; persistent negative equity sentiment has been echoed in EPFR flow data
as well as by our Sell Side Indicator. Net sales were led by institutional
clients last week, private clients and hedge funds were also net sellers.
Clients sold stocks in all three size segments."
POLITICS
The most likely
scenario is that Vice President Joe Biden—who has said that he regrets “every
day” his decision not to run—enters the race.Mr. Biden would be cast as the
white knight rescuing the party, and the nation, from a possible Trump
presidency
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Recent
polls exposed Americans lack of trust when it comes to government. But
there is another aspect to this eye-opening poll. The poll provides a
devastating picture of American fidelity to the larger US system. Americans
don’t believe in their political system anymore. People don’t trust their
government and they don’t trust elections either.
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Is Obama’s entire foreign policy going down in flames?
Or will the entire world end up burning? The NATO summit on July 8-9 this year will probably provide the best
advance indication of which of those two will be the outcome from all this.
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Share prices in America aren’t at all time highs because
the country is doing well. Share
prices are at all time highs because executives and shareholders are extracting
a historically dangerous piece of the overall economic pie. If this trend continues, someone like Donald
Trump will be the least of our concerns. It appears companies are coming
to the realization that their employees are so broke they’re resorting to
payday lenders just to survive. Rather
than boost wages, many are resorting to offering loans.
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…what the government really wants is more power, more
control and more surveillance. As revolutionary patriot Samuel Adams
observed, “It does not take a majority to prevail... but rather an irate,
tireless minority, keen on setting brushfires of freedom in the minds of men.”
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ME & WORLD ISSUES
Just days after
Toyota became the latest investor in Uber, in hopes of boosting car lease
transactions, moments ago FT reported that Saudi Arabia’s sovereign wealth
fund, the Public Investment Fund, is investing $3.5 billion in the ride-sharing
company. This would be the largest single investment ever made in a private
company. As the FT notes, this brings Uber's cash holding to more than
$11billion at a time when the company is aggressively expanding in nearly 70
countries worldwide.
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With oil traders
playing headline-hockey ahead of tomorrow's OPEC meeting, tonight's API data
may not be quite as consequential as usual. With sizable draws expected overall
and at Cushing, API reported a shocking
2.35mm build (2.5mm draw expected) which, despite a bigger than expected
1.1mm draw at Cushing (twice the expected) sent WTI Crude prices tumbling.
Gasoline and Distillates both saw draws with the latter's 7th consecutive week
- the longest streak since oct 2015.
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Earlier today, when
Reuters quoted "sources" that OPEC may consider a new oil output
ceiling, a recurring headline meant simply to spark algo-driven buying (which
it did), we
said that the "most likely next step: a denial from other
"sources." That is precisely what happened moments ago when with
hours until the OPEC meeting in Vienna, the UAE oil minister said there will be
no oil freeze.
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Following Tsipras and
Putin's meetings this week, ekathimerini.com
reports that Defense Minister Panos Kammenos unveiled a new partnership with Russia to manufacture
Kalashnikov rifles "ending the prospect of Greece's defense
industry shutting down." There's just one small condition.
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GLOBAL RESEARCH
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COUNTER PUNCH
Benjamin Dangl After
Empowering the 1% and Impoverishing Millions, IMF Admits Neoliberalism a
Failure
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Dan Beeton – Ming Chun Tang
Hillary’s
Role in Honduras Coup Sunk US Relations With Latin America to a New Low
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RT SHOWS
It is a truism that American voters are far more interested
in domestic issues during a presidential election. And this suits the foreign
policy establishment just fine. Since the Cold War, there has been a narrowing
of foreign policy debate.
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Tonight’s Politics Panel talks the latest flip-flop from
Donald Trump, the latest from the Never Trump campaign, and Bernie’s plan to go
to the convention regardless of what happens next Tuesday. Thom discusses the
pros and cons. [ Bernie: in politics there are stupidities that history never pardon.]
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India’s economy expands by 7.6% and Bitcoin is booming again
– the digital currency is up 21 percent. Ameera David has the details. Then
Boom Bust’s Bianca Facchinei details how, with the relationship between the US
and Saudi...
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WASHINGTON BLOG
Posted on June 1, 2016 by Carl Herman
“The only thing new in the world is the history you don’t
know.” – President Harry
Truman
3-minute video: Police, Military –
Was your Oath sincere?
Eleven sections (hyperlinks to be updated as series is published, with original links
now for your convenience):
- Introduction to define ‘rogue state’ as perfect match with US illegal Wars of Aggression, Crimes Against Humanity, dictatorial government
- The US violated ~600 treaties with Native Americans to steal Native American land. A treaty is signed by a US President, approved by 2/3 vote of the US Senate, and under Article VI of the US Constitution becomes US “supreme Law.” These ongoing “in your face” violations of “supreme Law” became the precedent to typical hypocritical and unlawful US policies of the present.
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Posted on June 1, 2016 by WashingtonsBlog
SEE the post: Ralph
Nader Destroys the Federal Reserve in Open Letter – Calls it “Out of Control,
Private Government”
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SEE VIDEO
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NOTICIAS IN SPANISH
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El ocaso de una dictadura mediática Carlos Fernández
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Alli
existe Dem que la Izq no supo usar. Aquà en el US no lo es.
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Pierdes el tiempo sardina. El tiburón
de todos modos te traga si votas nulo
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A mi ver: esto es muchisimo menos estúpido que votar
nulo
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Keiko no va a cambiar .. la propuesta
de Veronica la va a liquidar
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PRESS TV
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