JUNE 16 16 SIT EC
y POL
…
NOT MATTER WHAT .. WE
WON’T VOTE HILLARY nor TRUMP
THEY ARE THE SAME
DIRT, LA MISMA PORQUERIA
THE STRUGGLE WILL CONTINUE
OF COURSE BETTER WITH
BERNIE AND JILL LEADERSHIP
THEY CAN PREVENT VIOLENT EXPRESSION OF FRUSTATION
WITH THEM MANY PEOPLE
FED UP with ELECTIONS’ CORRUPTION
..WILL VOTE THIS TIME
.... THEY’RE 50% OF THE US
ELECTORATE..
.. THEY ARE WAITING
TO VOTE. BERNIE& JILL INSPIRED THEM.
THERE NO WAY to LOST THIS ELECTION, AS 3RD INDEPENDENT
CHOICE
THOSE WHO ABSTEIN
BEFORE WILL VOTE & FIGHT FOR THEIR RIGHTS
WITH SOCIALISTS & GREENS UNITED .. WE WILL FACE THE OLIGARCHY
AND DEFEAT THEM VIA REFERENDUMS & GRASS-ROOT ORG
UP TO THE FINAL VICTORY .. OUR STRUGGLE WILL CONTINUE
WE WILL GO BEYOND
THIS ELECTION and WE WILL WIN! ..
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ZERO HEDGE
ECONOMICS
Once a nation no longer produces essential goods and
services, and depends on financial games or commodities to pay for industrial
goods and food produced elsewhere, it becomes vulnerable to a collapse in the
financial games and the commodity markets that made it all too easy to succumb
to de-industrialization.
De-industrialization is the result of more than perverse
policies. De-industrialization results when a citizenry is denied access to the
tools and capital needed to produce goods, and when government subsidies sap
the will to take the risks that are part and parcel of making real stuff.
De-industrialization is also the result of currency
exchange and trade policy. When it becomes cheaper to import goods and services
from other nations, the domestic populace loses the will and the skills needed
to produce goods and services.
De-industrialization is a gradual process. The loss of
key industries is gradual; the loss of supply chains is gradual; the loss of
local suppliers and jobbers is gradual; the loss of skilled workers is gradual;
the decline of local capital is gradual; the loss of the willingness to get out
there and take risks to make real goods in the real world is gradual.
Financialization and free-spending governments borrowing
billions create the illusion that a nation that was once a nation of makers
can become a nation of takers with no downside.
Once a nation no longer produces essential goods and
services, and depends on financial games or commodities to pay for industrial
goods and food produced elsewhere, it becomes vulnerable to a collapse in the
financial games and the commodity markets that made it all too easy to succumb
to de-industrialization.
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There is no debate any longer – the next economic
crisis is already here...
1. Industrial production has now declined for nine months in a row.
We have never seen this happen outside of a recession in all of U.S. history.
2. U.S. commercial bankruptcies have risen on a year over
year basis for seven months in a row and are now up 51 percent since September.
3. The delinquency rate on commercial and industrial
loans has been rising since January 2015.
4. Total business sales in the United States have been
steadily dropping since the middle of 2014. No, I did not say 2015.
Total business sales have been in decline for nearly two years now, and we just
found out that they dropped again…
5. U.S. factory orders have been dropping for 18 months in a row.
6. The Cass Shipping Index has been falling on a year
over year basis for 14 consecutive months.
7. U.S. coal production has dropped to the lowest level in 35 years.
8. Goldman Sachs has its own internal tracker of the U.S.
economy, and it has fallen to the lowest level since the last recession.
9. JPMorgan’s “recession indicators” have risen to the
highest level that we have seen since the last recession.
10. Federal tax receipts and state tax receipts usually
both start to fall as we enter a new recession, and that is precisely what is
taking place right now.
11. The Federal Reserve’s Labor Market Conditions Index
has been falling for five months in a row.
12. The employment numbers that the government released
for last month were the worst that we have seen in six years.
13. According to Challenger, Gray & Christmas, layoff
announcements at major firms are running 24 percent higher this year
than they were at this time last year.
14. Online job postings on the business networking site
LinkedIn have been declining steadily since February after 73 months in a
row of growth.
15. The number of temporary workers in the United States
peaked and started falling precipitously before the recession of 2001 even
started. The exact same thing happened just prior to the beginning of the
2008 recession. So would it surprise you to learn that the number of
temporary workers in the United States peaked in
December and has fallen dramatically since then?
Earlier today, we learned that two of our biggest
corporations will be laying off even more workers. Bank of America, which
is holding more of our money than any other bank in the country, has announced
that it is going to be cutting about 8,000 more workers…
And you want to know who else realizes this? Foreign investors do.
Last month, foreign investors dumped U.S. debt at the fastest pace
ever recorded…
Foreign investors sold a record
amount of U.S. Treasury bonds and notes for the month of April, according to
U.S. Treasury Department data on Wednesday, as investors priced in a few more
rate increases by the Federal Reserve this year.
Foreigners sold $74.6 billion in
U.S. Treasury debt in the month, after purchases of $23.6 billion in March.
April’s outflow was the largest since the U.S. Treasury Department started
recording Treasury debt transactions in January 1978.
There is no debate any longer – the next economic
crisis is already here. This is so abundantly obvious at this point
that even George Soros has been feverishly
dumping stocks and buying gold.
Absent a major “black swan
event” of some sort, we won’t see that happening in the United States for at least
a while yet, but without a doubt we are steamrolling toward a major economic
depression.
Unfortunately for all of us,
there isn’t anything that any of our politicians are going to be able to do to
stop it.
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MORE CRASH HERE:
WTI Crude just broke below $47 for the first time since
May 15th, down 10% from its highs a week ago. This is the 6th straight down day
for crude and leaves black gold at the intersection of 2 critical technical
support levels...
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10Y Treasury yields just broke below February's
flash-crash lows and ar enow trading back to their lowest since August 2012
with the yield curve also collapsing (2s30s down 6bps to 168bps - lowest since
Jan 08). US equity markets are also tanking, led by banks - as contagion
spreads - crashing back to unchanged year-to-date.
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"Because this is a bear market in global terms, we
need to position ourselves accordingly; that is we shall increase our short
derivatives positions today in our own retirement funds while we reduce our
long positions, sufficient to get ourselves into a small net short position by
mid-day. The world is a much more frightening place than it was only a few days
ago."
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The jump in Philly
Fed (from -1.8 to +4.7, beating expectations of +1.0) is considerably less
exuberant than the mainstream would like to believe. The biggest driver of this
jump back into 'expansion' was a huge surge in "Prices Paid" to the
highest since Oct 2014. We are not sure how that is such great news as Prices
Received collapsed. Furthermore, number of employees tumbled, New Orders
fell to 4 month lows, and average workweek remains deep in contraction.
Additionally, 'Hope' fell as the six month outlook dropped to 3 month lows. But
apart from all that, yay... Philly Fed is up.
SEE IMAGE AT: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/13/20160616_phillky_0.png
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The index for all items less food and energy increased
2.2 percent over the past 12 months. Over 60 percent of this increase is accounted
for by the shelter index, which rose 3.4 percent over the span, its largest 12
month increase since September 2007. The rent index increased 3.8 percent over
the past year, while the index for owners' equivalent rent rose 3.3 percent and
the index for lodging away from home advanced 3.8 percent. SEE IMAGE
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Having been told yesterday by Janet Yellen that The Fed's
Labor Market Indicator is merely "experimental" - contradicting her
Aug 2014 exuberance over the index - we thought it worth highlighting just how
decoupled the nation's labor market data really is. Initial claims rose to 277
from 264k, slightly higher (worse) than the expected 270k but remain near the
best in 40 year, as LMCI crashes to 6 year lows... SEE BIG IMAGE
AT: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/13/20160616_claims_0.png
IN EUROPE THE SITUATION IS EVEN
WORSE
"The
trajectory of European banks is really worrying... If banks are a main
indicator of the health of a region, it gives you another reason to think ‘what
the hell is going on in Europe?'"
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In the last few
years, several markets/asset classes have shown signs of weakness, if not
outright implosion: EU banks, EU stocks, Base Metals, Energy Commodities, Japan
stocks, EM stocks and currencies. The bubble built in them by the excess
liquidity provided by Central banks, as they were busy fighting structural
deflationary trends (and crowding the private sector out of bonds), has
deflated in most parts of the market, except
two: US equity and G10 Real Estate.
IMAGE LOCATION AT: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/06/04/fasa%201_0.jpg
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One of the oddest things in this increasingly odd
world is the spread of negative interest rates everywhere but in the US. One answer is that the Bank of Japan and
the European Central Bank are buying up all the high-quality (and increasing
amounts of low-quality) debt in their territories, thus forcing down rates,
while the US Fed has stopped its own bond buying program. The other answer is
that this is just one of those periodic
anomalies that persist for a while and then get arbitraged away. And Brexit
might be the catalyst for that phase change.
BIG IMAGE AT: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/13/20160616_10Y_0.jpg
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POLITICS
This contradiction speaks volumes about the sheer
hypocrisy and double standards of the Western powers: that, when it comes to securing 265 billion barrels of Saudi oil
reserves and 100 billion barrels, each, of UAE and Kuwait that together
constitutes 465 billion barrels, i.e. one-third of the world’s proven crude
oil reserves, they are willing to overlook the excesses that have been
committed by such Medieval regimes but when it comes to negotiating with
the Islamist insurgents to reach political settlements and to let up on all the
violence and spilling of blood in the region, they stand firm against the
so-called “terrorists” as a matter of principle. Why do the Western
powers overlook the excesses committed by Saudi Arabia where Shari’a is the law
of the land and Hudood-style executions are an everyday occurrence?
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IF HILLARY is ELECTED .. WHO IS SHE GOING TO SERVE?
For those interested
in whose "generous" pocket Hillary Clinton will be found, if she is
elected president, here is the answer.
IMAGE LOCATION AT: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/06/04/hillary%20donors%201_0.jpg
Open it & saved
before is erased.
There are some
foreign donors not included in this list
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AR-15s and other firearms are
"flying off the shelves" according to gun store owners, noting sales have "really kicked
up" since the Orlando shooting. As
Fox Business reports, Adventure Outdoors Owner Jay Wallace said "[People] are
afraid that the government is going to take [guns] away and there are folks
that are in fear because of the times that we are living in today and those are
two big reasons."
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ME & WORLD ISSUES
AND
The devastating news
that British
MP Jo Cox has died following the shooting incident earlier today (allegedly by
a man screaming "Britain First") has sparked a bullish buying
binge in stocks as Sterling rallies on
hopes that the Brexit vote will be delayed. This evening's major speech
at Mansion House by Bank of England Governor Carney has been cancelled due to
her death...
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It's not just The UK
that EU officials need to worry about, as The
Globalist notes, Germany will have
to change its policies if it wants to avoid exit of other countries from the
eurozone.
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- Global Stocks Fall as Bank of Japan Stands Pat (WSJ)
- European stocks, oil slide as growth fears add to Brexit pressure (Reuters)
- Yellen Says Forces Holding Down Rates May Be Long Lasting (BBG)
- Fed's Yellen acknowledges difficulty of escaping world's low rate
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DOWN with TYRANNY
by Gaius Publius
Now that all the primary voting is complete, the Democratic Party has the task of uniting itself. In particular, that means uniting the Sanders voters and the Clinton voters into a force to repeal the Republican candidate, presumably Donald Trump. How's that going?
Depends on who you ask (I know, whom).
Here's a good write-up by John Queally at Common Dreams. He opens (my occasional emphasis):
Now that all the primary voting is complete, the Democratic Party has the task of uniting itself. In particular, that means uniting the Sanders voters and the Clinton voters into a force to repeal the Republican candidate, presumably Donald Trump. How's that going?
Depends on who you ask (I know, whom).
Here's a good write-up by John Queally at Common Dreams. He opens (my occasional emphasis):
Clinton and Sanders Agree on
Trump Threat, But Neither Ready to Endorse Other's Vision
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GLOBAL RESEARCH
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France
Building Military Bases in Syria: Report & Britt’s too
This is an invasion & RU-Iran-China has to provide Syria top
of the art weaponry
If UE plan to provide space to ISIS.. Syria is not the place
.. sent it back to Saudi
or their original place. The US can continue financing space
for them in Arab Cts.
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COUNTER PUNCH
Ted Rall. Can
Hillary Win Over Bernie Voters? [None of them can define the fat of socialist voters.]
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Helena Norberg-et.al Why
Global Capital Fears ‘Brexit’
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Dick Reavis. Trump,
Clinton and the “Free Press”
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Dick Reavis. Trump,
Clinton and the “Free Press”
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David Rovics Senseless
Acts of Killing Top 1%, Big banker, big Corp & their current Govt
profit from fear .. people can obey any rule cutting their rights & liberties
.. even arms to defend themselves. The NRA said that after the recent terror
& intention to confiscate guns .. they got the highest rate of sells ----
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WASHINGTON BLOG
Posted on June
16, 2016 by WashingtonsBlog
Preface: Bill Binney the highest-level NSA whistleblower in
history
And: Kirk Wiebe a
32-year NSA veteran and senior analyst, who received the Director CIA’s
Meritorious Unit Award and the NSA’s Meritorious Civilian Service Award.
High-level NSA whistleblower Thomas Drake
proved that – if Binney and Wiebe’s system had been allowed to operate – it
likely would have stopped 9/11.
But in 2000, NSA
director Michael Hayden ditched their system, and replaced it with a much
more expensive “collect-it-all” mass surveillance system which:
(1) allowed 9/11
to happen
(4) cost more than
ten times more than Binney’s system
Binney and Wiebe quit the NSA in protest
(then the government harassed Binney and Wiebe for speaking out). It’s time to go back to where we went wrong …
and listen to the experts.
⇒ Keep Reading
⇒ Keep Reading
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Posted on June 16, 2016 by WashingtonsBlog
A Unified Europe: Born In the USA
While Brexit versus
the continuation of the European Union is a hot news topic, few know the secret
who and why of the EU’s creation.
The lead financial
writer at the Telegraph, Ambrose Evans-Pritchard, wrote in 2000:
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NOTICIAS IN SPANISH
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PRESS TV
Don’t worry Kevin .. los del GOP
se comerán esta lorna en la Convencion
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because the rise of the Daesh (ISIL) group happened
during his presidency.
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Daesh ‘imperial foot soldiers’ of West
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