SET 5 16 SIT EC
y POL
….
Folks,
there are two possibilities here. Hillary was either lying through her teeth to the FBI, in which case
she is not only unqualified to hold any office and should be
under indictment right here and now OR she’s grossly
incompetent to hold either the office of Secretary of State or President by
virtue of lack of the intellectual capacity required to rationally discharge
the duties of either office.
There is no other
interpretation possible.
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ZERO HEDGE
ECONOMICS
Let's
honor Labor Day by reviewing what's happened to wage-earners in the eight years
since central banks "saved the financial system" with free money
for financiers: It's
really very simple: wage-earners have seen their real
earnings stagnate or decline while those chosen few with access to near-zero
interest borrowed capital have seen their net income and wealth explode higher.
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With the US taking the day off to celebrate the unofficial end of the
summer, global markets have been relatively quiet, aside
from the dramatic moves in the energy sector over the past few hours, where
crude soared in early trading as reported previously on a much-hyped joint
statement by the energy ministers of Saudi Arabia and Russia, only to see the
spike fizzle.
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As the G-20 summit drew to its conclusion, a
moment of sheer drama erupted earlier this morning as oil exploded higher
following speculation Saudi Arabia was prepared to make a “significant” joint
announcement with Russia (the market promptly assumed this meant a
preliminary oil production freeze) following discussions over promoting market
stability.
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Even
FactSet gets the joke... This is the 16th time in the past 20 quarters in which the bottom-up EPS
estimate decreased during the first two months of the quarter while the value of the index increased during
the first two months of the quarter.
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Remember
when “bad news is good news” first leapt into common parlance? At
first it was used as a way to describe
the reaction function of Fed policy-makers. It was taken as a cute turn of
phrase in encapsulating the state the of the world. Over time, as Bloomberg's Richard Breslow explains, it’s morphed into
an ugly and cynical way of justifying
mindless investing behavior.
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"The Fed is keeping the rates artificially
low so the economy doesn't go down so that Obama can say that he did a
good job. They're keeping the rates artificially low
so that Obama can go out and play golf in January and say that he did a good
job. It's a very false economy. That's only strong because it's
free money because the rates are so low. It's an artificial market. It's a
bubble."
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Today was a day when not one but
two credit analysts, Citi's Hans Lorenzen and BofA's Barnaby Martin (BB), both declared that the ECB was doing "too much" QE. .. the ECB is now officially dominating the
secondary € credit market, by purchasing approximately 50% of the traded volume
of bonds.
"The
unthinkable: BB yields about to become negative. Such has been
Draghi’s influence across the whole credit market that we are close to seeing
our first negative yielding BB-rated bond. But if debt costs for speculative grade companies become
“inverted”, then the economics of LBOs will be transformed, and the quality of
the assets they are buying will become secondary. We see a growing
risk that another private equity cycle emerges in Europe."
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RELATED:
It's been 16 months since the European Central Bank (ECB)began its voyage into the
unknowable in March 2015, and as The
FT notes, this week marks a milestone - it has now purchased
over EUR 1 trillion in government (and corporate) bonds since it began QE. And despite
utter crap:
"monetary policy has proved more potent than thought," the big
problem is - it's not helping the real world...
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Looking
out 21 days after a low-volume signal from VIX put options, the S&P is
sitting on an average loss of 0.7% --
well below its average "anytime" 21-day return of 1%. Meanwhile, the VIX
is up nearly 26%, on average, 21 days post-signal -- easily outstripping
its average return of 2.8% for this time frame.
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LBO key word to understand predatory tactics of neoliberal
Econ
LBO Leveraged
Buyout is the acquisition
of another company using a significant amount of borrowed money to meet the
cost of acquisition. ... The purpose of leveraged buyouts is to allow
companies to make large acquisitions without having to commit a lot of capital.
Breaking Down 'Leveraged Buyout - LBO'
In an LBO, there is usually a ratio of 90% debt to 10%
equity. Because of this high debt/equity
ratio, the bonds issued in the buyout are usually not considered investment grade
and are referred to as junk bonds.
Further, many people regard LBOs as an especially
ruthless, predatory tactic. This is because it
isn't usually sanctioned by the target company. Further, it's seen as ironic in that a company's success, in terms of assets on the balance sheet, can be used against it as
collateral by a hostile company.
Reasons for LBOs
LBOs are conducted for three main reasons. The first is to take a public company private; the second is to spin-off a portion of an existing business by
selling it; and the third is to transfer private
property, as is the case with a change in small business ownership.
However, it is usually required that the acquired
company or entity, in each scenario, is profitable and growing. Source: http://www.investopedia.com/terms/l/leveragedbuyout.asp
….
….
As of
this moment, 6 big central banks have a
balance sheet that is equivalent to nearly 40% of global GDP, a number
which if extrapolated will hit 50% just after 2018.
Those wondering if this means that central banks are
engaged in a creeping, stealthy, indrect LBO of the world's assets on behalf of
third parties, the answer is perilously close to a resounding "yes."
Today, we show how the global domination works departing from Matt King-inspired
presentation, asking simply "Where is the utility
in marginal QE." Acording from Hans Lorenzen from City Bank this
issue has to do with “the actual future path of
monetary policy”..its efficacy as available policy tool." .. “After all, the last thing the market wants is to get a sense
that even banks no longer have faith in the central planners.”
See chart at http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/08/27/central%20banks%20projected_0.jpg
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POLITICS
A
victory by Hillary would be a victory for Wall Street, billionaire oligarchs,
neo-con warmongers, propaganda media outlets, and corporate cronyism. A Trump victory would
boost the morale of a middle class that has been abused, denigrated, belittled,
ignored, and taken advantage of by the ruling class for decades. The hopes and dreams of millions are riding
on a victory by the anti-Cinderella man. His popularity
rides on a sea of rightful resentment, anger, and fury at how the average
American has been screwed by the ruling class (both parties) for decades.
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Cornyn was one of
the Republicans that originally held up Hillary's confirmation over concerns
that the Clinton Foundation created an insurmountable "conflict of
interest." That said, Republicans, including Cornyn,
ended up breaking party lines and confirmed Clinton after the Foundation
entered into a "memorandum of understanding"
that called for, among other things, transparency
around donations, particularly those from foreign governments.
That said, Cornyn now says that
all the "reassurances she gave me back at the time
her confirmation was considered" have for all practical purposes been "violated."
“Once again the rules don’t
apply to them like they apply to everybody else. Can you imagine if
anybody else in the United States government had tried
to get away with something like this?"
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"You have got to be kidding me..."
In
the latest FBI document release we have learned more about the tangled web
being weaved by Hillary Clinton and her cronies. As it turns out,
the Secretary of State of the United States apparently had no idea how
Confidential and Classified documentation was marked. Never mind that
the Secretary is one of the few people in this country with the authority to
actually determine what can be classified and on what level. And if Clinton’s
unsecured email server debacle wasn’t enough, it turns
out that the former Secretary “misplaced” mobile devices and laptops containing
highly sensitive material. This is
the person now running for the highest office in the land. In the following article
Karl Denninger of the Market Ticker succinctly explains why she is clearly not qualified
for the job.
Conclusion
Folks,
there are two possibilities here. Hillary was either lying through her teeth
to the FBI, in which case she is not only unqualified to hold any office
and should be under indictment right here and now or she’s grossly incompetent to hold
either the office of Secretary of State or President by virtue of lack of the
intellectual capacity required to rationally discharge the duties of either
office.
There is no other
interpretation possible.
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Statement of Le Pen on Hillary
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Officially what we are celebrating on the first Monday of September is
American labor, but what is
really being celebrated is the success of capitalists again flummoxing the
people and avoiding a real social revolution.
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In this presidential election year especially, Labor Day serves as a sort of collective deep breath before
the plunge into a season of political anguish. The number of potential voters disgusted with the choice between two clueless
monsters of egotism must be epic. If WalMart held a sale on bullshit filters, they might stand a
chance of turning a Q3 profit. Otherwise, expect economic performance to be
increasingly frightening even if The New York Times and CNN
continue to spin
out tales of unicorns jumping rainbows.
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Fatty labor day
We are
literally digging our own graves with our forks, knives and spoons.
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Having spiked over 5% on hopes of a "significant"
announcement at a joint Russia-Saudi statement at the G-20 meeting, bulls were quickly disappointed, sending WTI back to a $44 handle as the two nations stopped
short of taking any concrete steps to limit output. The inability to hold these
gains on an illiquid day (with a US holiday) confirms
the short-squeeze ammo is out. Furthermore 'longs' are losing faith as leveraged speculative positioning plunged by
the most in over 2 years last week.
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ME & WORLD ISSUES
At the turn of the century few argued when the 20th century was dubbed
the "American Century." Over the past 16 years, America's fortunes have changed with
dizzying speed. The safer bet is that the
21st century will not be America’s. The TTIP’s rejection by European leaders and
grass roots’ protests against the agreement testify to the fact.
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US WITH ISIS YEST, TODAY & TOM… Yest & Today
defeated.. Tom: get out
Gulmurod Khalimov, a former paramilitary unit
commander of the Tajikistan armed forces who received his battlefield training
from American advisors and even came to the United States on several
occasions, has become the top ISIS battlefield
commander in Iraq after defecting last year and swearing jihad against
the West.
[ with these flip-flop friends .. we don’t need
enemies.. Will be him sacrificed too like Syria’s?]
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DEMOCRACY NOW
Chris
Hedges vs. Robert Reich on Clinton, Third Parties, Capitalism & Next Steps
for Sanders Backers
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GLOBAL RESEARCH
Putin
and Obama Meet in China, Behind Closed Doors, to Discuss War in Syria and
Ukraine… By Stephen Lendman,
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THE REAL NEWS NETWORK
Trump's and Clinton's
historic disapproval ratings could be a boon for third parties, says Professor
Jonathan Martin of Framingham State University
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On this Episode of
Rattling the Bars, TRNN Executive Producer Eddie Conway interviews Asatar Bair
Assistant Professor of Economics at Riverside City College about prisons and
the ownership of a person's labor power vs. the ownership of a person
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TRNN Producer Dharna
Noor speaks with grassroots activists and residents of Gilmor Homes projects
about the importance of social programs and political education in creating a
healthy community.
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COUNTER PUNCH
Anthony DiMaggio The
ITT Fraud: For-Profit Education and the Crisis of the Commons
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Jeffrey Blankfort Congressional
Black Caucus: Deep in the Israel Lobby’s Pocket
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Norman Pollack Hillary
Clinton is Shameless
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Conn Hallinan Turkey’s
Coup: Winners & Losers
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Vijay Prashad Powder
Keg: the Rage in Urban America
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David Rosen Love
& Terror: Sex as a Weapon
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RT SHOWS & SPUTNIK
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Obama Crashes G20 by Warning Beijing of ‘Consequences’ in the
South China Sea http://sputniknews.com/asia/20160905/1044997015/obama-xi-china-war-g20.html
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What's Behind Washington Killing Independent Kurdistan
Aspirations Stone-Dead http://sputniknews.com/politics/20160904/1044946387/us-kurds-turkish-offensive.html
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More Polls Show Massive Trump Surge: Is Hillary the New ‘Low
Energy’ Jeb Bush? http://sputniknews.com/analysis/20160904/1044960945/trump-polls-hillary-email-scandal.html
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WASHINGTON BLOG
By guest author Daniel “No
Passport” Bruno, reporting from Rio de Janeiro
VIDEO The 9/11 so-called “official” story in less than five minutes from Jim
Corbett (~3 million views): 9/11: A conspiracy
Theory VIDEO URL https://youtu.be/yuC_4mGTs98
According to legend, folklore, and the 9/11 Commission
Report, on the beautiful morning of Tuesday, September 11, 2001, 19
Muslim kamikazes commandeered four jumbo jets and flew them into the iconic WTC
twin towers and the Pentagon. Later that day, WTC 7, a 47 story tall building,
collapsed like an accordion due to scattered office fires and falling debris. The
fourth plane was stopped from reaching its target, possibly the White House, by heroic American passengers who yelled, “Let’s roll.”
These maniacal Muslims were carrying out the orders of Mr.
Osama bin Laden, tucked away in the caves of Afghanistan. In the most
spectacular upset of all military history, a bunch of twenty-something, bronze
skinned, black haired super villains took flying 101 at American aviation
school, then outwitted the most capable Air Force the world has ever known. Not only that, these Arabs outfoxed the CIA, FBI, NSA, DIA,
GCHQ, MOSSAD and M16.
⇒ Keep Reading
⇒ Keep Reading
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Posted on September 5, 2016
by Charles
Hugh Smith
Let’s honor Labor Day by
reviewing what’s happened to wage-earners in the eight years since central
banks “saved the financial system” with free money for financiers:
wage-earners have taken a beating and been dumped in a ditch. It’s really very simple: wage-earners have
seen their real earnings (as measured by purchasing power) stagnate or decline
while those chosen few with access to near-zero interest borrowed capital have
seen their net income and wealth explode higher.
Do the math, people: annual wage
increases once real-world inflation is factored in (roughly 7% to 10% annually
for those who rent, have significant healthcare expenses or buy higher
education) are either negative or are measured in the hundreds of dollars–in
other words, trivial increases for all but the very top echelon of wage
earners.
Increases in wealth for those
with central bank-supplied free money for financiers are measured in the
millions of dollars. Even small-fry with capital invested in bubble
markets have experienced gains in the hundreds of thousands of dollars–entire
lifetimes of earned income for those earning $25,000 to $35,000 annually.
There are forces at work that are
beyond the power of central banks: the technologies of automation, robotics
and software are replacing human labor not just in low-skill sectors but
increasingly in sectors that provided the bulk of middle class jobs.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
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Siria
acorralada Gilbert Achcar
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PRESS TV
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Kabul
rocked by huge blast Afghanistan
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