AUG 1 16 SIT EC
y POL P1 zerohedge
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Few Extracts :
US Green Party presidential
nominee Jill Stein has said that Republican and Democratic Parties are both
controlled by predatory banks, fossil fuel giants, insurance companies and war
profiteers.
In an interview with Russia Today that was broadcast on
Sunday, Stein commented that Democratic presidential nominee Hillary Clinton is
worst than her Republican rival Donald Trump.
She stated that if you “look at the
track record, the terrible things that Donald Trump says – which are truly
reprehensible and horrific – have actually been done by Hillary Clinton.”
“Trump and
the Republicans are the party of hate and fear,” Stein said.
“The Democrats are the party of deportation,
detentions, and night raids,” she continued.
In 2014 mid-term elections, Obama accepted donations through
Super PACs. .. According to a study published by the New York Times, wealthy individuals
and corporations have begun to replace powerless people as direct beneficiaries
of the US political system and the Constitution.
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ZERO HEDGE
ECONOMICS
Shocked by the
inexplicable realization that Americans are stubbornly unwilling to bow down
and blindly accept the political and economic views of the educated elites in
this country, Harvard Professor Gregory Mankiw recently took to the New York
Times to pen an op-ed where he concluded that the only possible reason for the lack of conformity
to his point of view is the stupidity and racism of the electorate.
….
Frankly, we're happy that
Professor Mankiw is drawing attention to the infallible intellect of our our
ivy league educated economic and political elite. Given the
horrific record of the Fed in recent years, creating bubble after bubble while
laying ruin to global economies, we think the Fed could
benefit from some smart people like Professor Mankiw.
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"it's probably
nothing..."
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Following China's great-and-terrible manufacturing PMI
data overnight, Markit's US manufacturing index surge to 9-month highs,
printing at the expected 52.9 led by faster growth of output, new orders,
and employment. However, in true Chinese-style, US ISM Manufacturing missed
expectations (52.6 vs 53.0) with new orders and
employment dropping. So take your pick!
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"Policymakers have chosen
to ignore the central issue of debt as they try to resuscitate activity," warns Satyajit Das in a shocking
Op-Ed in today's FT, and with global central
banks now printing $180 billion a month (and growing), "the
global economy may now be trapped in a QE-forever cycle," confirming
von Mises prescription that "there is
no means of avoiding the final collapse..."
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But, but,
but... "the market hates uncertainty..."
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[This only reveals the collapse of oil industry in America ..
Price tricks: a shot on the foot ]
With Exxon Mobil
sliding after earnings, Amazon's
market cap - for the first time ever - is now larger than the oil giant. Next
stop AAPL...
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Concluding a
transaction that surprised the world when it was announced one month ago, and
which we hope the regulators are poring over as a result of a myrida of
"related party transactions", moments ago SolarCity (whose stock is
currently halted) announced that Tesla and SolarCity would combine in all-stock
deal; in which SCTY stockholders will receive 0.110 Tesla common shares per
SCTY share, valuing SCTY common stock at $25.37 per share.
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Following last
Friday's shocking weak US GDP print, Asian stocks jumped to an 11 month high on
reduced prospects of a near-term rate hike, while the region also digested
mostly encouraging in conflicting Chinese PMI data. European bank stocks
initially rose following the release of the 2016 stress test then declined,
tempering gains in global equity indexes, amid investor skepticism over the
usefulness of stress-test results and weaker oil prices.
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[ The only way to save Europe is to take out NATO & stop
neoliberal speculation.]
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In 2010, Social Security
(OASDI) unofficially went bankrupt. For the first time
since the enactment of the SS amendments of 1983, annual outlays for the program exceeded receipts (excluding
interest credited to the trust funds). The deficit has grown every year since
2010 and is now up to 8% annually and
is projected to be 31% in 2026 and 44% by '46. The impact of the collapse of the growth among the working age
population and swelling elderly population is plain to see. And it will get far worse before it eventually gets better.
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"...abandoning the low
interest rate policy would likely trigger a severe recession... but, continuing
this policy would distort and corrode the economic structure even more,which
would jeopardize the business model of pension funds, insurers and banks, and
further inflate the real estate and stock market bubbles. The low interest rate policy has rendered the system
profoundly fragile, with central banks virtually in a lose-lose situation."
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POLITICS
Why
The IRS Is Probing The Clinton Foundation The answer: QUID PRO DOUGH
"Clinton Cash" author, Peter Schweizer,
recently took to the airwaves to explain why the IRS
investigation of the Clinton Foundation should be a "Big Deal" and
why the State of Kuwait, Dubai Foundation, Friends of Saudi Arabia, United Arab
Emirates, The Government of Brunei Darussalam and The Sultanate of Oman are all
contributors...must be the programs advocating for full and equal
"participation of girls and women in the 21st century"...but that's
just our guess.
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[ The nasty war among crook parties has one effect: dump or
kill twitter.]
Twitter is provably censoring Donald Trump in
order to prevent him raising money for his presidential campaign.
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America's
Recent Achievements In The Middle East MORE DESTRUCTIO N innocent people kill
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The Democratic Party
that once was concerned with workers’ rights, the elderly, civil rights, and
the constitutional protections of America liberty no longer exists. As
the just completed Democratic presidential primaries and the Democratic
presidential convention have clearly demonstrated, the United States now has two Republican parties
in service to the One-Percent.
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[[Social classes
division is worse .. the explosive inequality is creating more & more
violence that soon will be against plutocrats and the oligarchy in power. Those
who studied REV knew it .. That is the reality of our sad division.]]
“The clash of visions between
Cleveland and Philadelphia was stark. While the saying goes, the ins 'point with pride', while the outs 'view
with alarm'; we appear to be two separate and hostile peoples, living
apart in two separate Americas.”
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ME & WORLD ISSUES
[ One more evidence that banning RT team was a nasty US
politics .. now they try to help this approach by using terrorists .. another expression
of War between US-RU.. so terrible.]
As if things were not
bad enough in Rio, The
Herald Sun reports that an
explosion has rocked the Olympic stadium in Rio after Brazilian police
discovered a suspicious device today.
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A Russian Mi-8
helicopter has been shot down by ground fire in Syria following delivery of
humanitarian supplies to Aleppo, the Defense Ministry said in a statement. The
three crew and two officers from Russia's reconciliation center were returning
to base
[ Undeniable fact that US-RU war start .. we are in the road to
WW3.]
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Is
Europe Doomed By Vassalage To Washington? Yes, unless they take out NATO
terrorists
The entire peoples of Europe are
Washington’s serfs. Therefore, if Europeans remain the
gullible, insouciant, and stupid peoples that they currently are, they are
doomed, along with the rest of us. On the other hand, if the European peoples can come to their senses, free
themselves from The Matrix that Washington has imposed on them, AND REVOLT AGAINST WASHINGTON’S AGENTS who
control them, the European peoples can save their own
lives and the lives of the rest of us.
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Yuan
Strengthens Most Since 2010 As China Manufacturing Spikes To 17-Month Highs AND
Tumbles To 7-Month Lows This could be a
fact that world recession is at portas
China (Official) Manufacturing PMI misses at 49.9 - 7-month
lows; and China (Caixin) Manufacturing PMI beats at 50.9 - 19-month highs... Take
your pick.
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[ Only destruction and assassination of innocent people with US
bombs & drones.]
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[ Manipulation of oil prices continue .. doesn’t matter this stupid excuse.]
Shortly after we
spoke yesterday about the banking liquidity crisis in Saudi Arabia caused by
the "Saudi circ ref" (low
oil prices -> budget deficits -> more oil pumping -> even lower oil
prices), almost on cue, the state-owned Saudi Aramco, the
worlds largest oil exporter, announced the largest price cut for Arab light sweet crude sold into Asian
markets in 10 months.
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For a few minutes at
the open, mainstream business media persuaded itself that the EU stress tests
had proved that everything was fine in Europe's banking system again. But very
quickly, things went south with Italian
banks - the center of the storm - reversing gains and then extending losses
with Unicredit now down 8% (after being up 4%).
[ Para salvar Europa
hay que sacar a NATO y desmontar la especulación neoliberal.]
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- Global stocks hit highest in a year
but banks take shine off Europe (Reuters)
- Fed’s Dudley Warns It Is Premature to
Rule Out an Interest-Rate Increase This Year (WSJ)
- Fed’s Kaplan Says September ‘On the
Table’ If Data Support (BBG)
- Europe's stress tests fail to ease
investors' bank sector worries (Reuters)
- Trump’s Attacks on Khan Family Roil
Race But May Not Alter It (BBG)
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