OCT 3 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
The United States government closed out the
2016 fiscal year that ended a few days ago on Friday September 30th with a debt
level of $19,573,444,713,936.79. That’s an increase of
$1,422,827,047,452.46 over last year’s fiscal year close.
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As the quarterly ritual of the earnings season approaches, executives
and investors would do well to remember the words of the then-chairman of the
Securities and Exchange Commission Arthur Levitt in a 1998 speech entitled “The
Numbers Game.” “While the
temptations are great, and the pressures strong, illusions in numbers are only
that—ephemeral, and ultimately self-destructive.”
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The ratio of WTI to Silver
topped 2.60x for the first time since Brexit as Crude's ongoing squeeze higher (to $49) mirrors silver's slump back
below $19...
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While last week's OPEC Aligers meeting was supposed to lead a
production cut, however we warned that over the most likely outcome would be a
boost in production. We didn't have to wait long and earlier today Iran's
IRNA news agency reported that
Iran is presently exporting 2.2mbpd of crude oil but the figure could be well
increased to 2.25mmbpd and that Iran would be able to increase its crude oil
production to 4.2mbpd. At the same time, Libya crude oil production rose to
500k B/d, and output would liekly reach 600k b/d at end-October.
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“...the current wave of bankruptcies is
definitely unusual, and rivals the chain bankruptcy wave of 2009 and 2010, when
several chains filed for debt protection after sales fell,”
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Step aside Wells Fargo fake account scandal: moments ago Reuters and
Bloomberg reported that Massachusetts Secretary of the Commonwealth William
Galvin charges Morgan Stanley with “dishonest and unethical conduct” related to
“high pressure sales contests” in Massachusetts, Rhode Island.
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For the
first time in 5 years, US construction spending fell YoY in August. The 2nd monthly drop in a row and large
downward revisions reduced construction spending to its weakest since 2015. Public construction spending dropped
considerably more than private, with highway construction tumbling.
POLITICS
The Clinton campaign announced
that it had canceled tentatively planned events with Bernie Sanders for
Monday. Instead, Sanders will now be on the campaign trail on Wednesday
in Iowa and Wisconsin: “Wednesday's Des Moines stop was added to make up for
appearances tentatively scheduled in Iowa on Monday, October 3,” the campaign
said in a release.
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A new letter from the Chairman of the House Judiciary Committee reveals
that the FBI
struck "side agreements" with both Cheryl Mills an Heather Samuelson
to "destroy" their "laptops after concluding its search."
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In her just started
speech in Toledo, Ohio which is said to focus on "economic issues",
Hillary Clinton plans to "call out" Wells Fargo, whose stock dropped
to multi-week lows ahead of the speech. In addition to bashing Wells, whose
main shareholder is one of Hillary's most prominent advocates, billionaire
Warren Buffet, Clinton is expected to detail new policy proposals.
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"The
idea is that the winner of the presidential election is sure to be the
biggest loser because the global economy is in the process of tanking,
Long Emergency style, and the global finance system is going down with it. Whoever presides over this fiasco from the
White House is going to be a bigger bag-holder than old Herbert Hoover in
1929... In short, vote for Hillary and let history
flush them all out of the system."
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Since the early 90s, policy-makers
in Washington have had as their objective the utopian goal of global hegemony,
and in order to accomplish this the US armed forces had to expand and create
new control centers in every corner of the planet. This is a typical example of
imperial overreach, which has historically been the impetus for the collapse of
several kingdoms and empires over the centuries.
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ME & WORLD ISSUES
In one of the biggest surprises
over the weekend, Colombians went to the polls on Sunday to participate in a
Yes/No referendum on a recently signed historic peace deal with the FARC leftist
guerrilla movement to end more than 50 years of armed conflict (which started
in 1964).
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Russian President Vladimir Putin
on Monday suspended an agreement with the United States for disposal of
weapons-grade plutonium because of "unfriendly" acts by Washington,
the Kremlin said. This was followed by a statement by the Russian foreign
ministry that information exchange between Russian and US military has stopped
of late.
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IN
THE US, SOLO LOS MILLONARIOS tienen derecho a bunkers
An unprecedented 40 million Russian citizens,
as well as 200,000 specialists from "emergency rescue divisions" and
50,000 units of equipment are set to take part in a four day-long civil
defense, emergency evacuation and disaster preparedness drill starting
tomorrow, one which will test Russian preparedness in response to "disasters and fires" as well as
the rehearsal of "radiation,
chemical and biological protection."
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Following the passage of the Sept 11 bill, an Iraqi
group has requested parliament to prepare a lawsuit seeking compensation from
the US for the 2003 invasion of Iraq. The "Arab Project in
Iraq" lobby group "sees their opportunity to ask for compensation
from the United States over violations by the US forces following the US
invasion that saw the toppling of late President Saddam Hussein"
Al-Arabiya reported on Saturday.
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“You think it’s stabilized?” Russian Finance Minister Anton Siluanov
said to reporters, referring to the oil markets. “We need to see how realistically the decisions will be implemented.”
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The German parliament’s economics committee chairman Peter Ramsauer, in
an interview with Welt am Sonntag, said the move against Deutsche "has the
characteristics of an economic war", adding that the US had a "long
tradition" of using every available opportunity to wage what amounted to
trade war "if it benefits their own economy", and the
"extortionate damages claims" being made in the case of Deutsche Bank
were an example of that.
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- Donald Trump’s Tax Numbers Sharpen Focus on Treatment of Losses (WSJ)
- Qatari funds nurse €1bn loss on Deutsche Bank stake (Telegraph)
- Colombian Voters Reject Peace Deal With FARC Rebels (WSJ)
- Hungarians vote to reject migrant quotas, but turnout too low to be valid (Reuters)
- Clinton expected to hit Wells Fargo in speech on 'bad corporate actors' (Reuters)
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Americans:
Life, Liberty and the Pursuit of Happiness? Pith or Myth? Who are we Anyway? By John Kozy,
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INFORMATION CLEARING HOUSE
Russia Warns of 'Terrible' Consequences if
U.S. Attacks Syrian Government Forces By The Associated Press Maria Zakharova said that a U.S.
intervention against the Syrian army "will lead to terrible, tectonic
consequences
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The propaganda war on Russia is spinning out of control.
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“The whole idea is to kill the bastards! At the end of the
war, if there are two Americans and one Russian, we win!”
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The US,
France and Britain, Embrace Terrorism against the People of Syria… By Felicity
Arbuthnot
Another shocking international conspiracy against a small,
proud nation, which threatens no one
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Fake News And False Flags: Pentagon Paid
$540mn For Fake ‘Al Qaeda’ Videos
By Crofton Black and Abigail Fielding-Smith
Russia is upping its stake in Syria. Additional Russian
SU-24, SU-25 and SU-34 jets are arriving
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Propaganda
Techniques of Empire By James Petras
The most common recent techniques used to support ongoing
imperial wars.
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COUNTER PUNCH
Jeffrey St. Clair
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Michael Hudson The
Poisoned Chalice: From Eurozone to Dead Zone
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Shamus Cooke Can
the Left Survive a Trump Presidency?
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SPUTNIK and RT SHOWS
Russian Lawmakers May Soon Ratify Syria Air Base Deal https://sputniknews.com/middleeast/20161003/1045964491/russia-syria-air-base.html
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Colombia Votes No to the Peace Deal: Voters 'Want More
Accountability From FARC' https://sputniknews.com/latam/20161004/1045970374/colombia-votes-no.html
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Pentagon ‘Silent’ Coup Undermines US-Russia Engagement on
Syria - Ex-White House Advisor https://sputniknews.com/politics/20161001/1045894069/pentagon-silent-coup.html
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RT SHOWS
News with Ed Schultz Trump may have gone 18 years without
paying federal taxes
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SophieCo "Assad
must go" slogan has undermined efforts in Syria from the very start - Intl
Crisis Group CEO
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WASHINGTON BLOG
Posted on October 3, 2016 by Charles
Hugh Smith
Hating the U.S. dollar offers the
same rewards as hating a dominant sports team: it feels righteous to root for the
underdogs, but it’s generally unwise to let that enthusiasm become the basis of
one’s bets.
Personally, I favor the emergence
of non-state reserve currencies, for example, blockchain crypto-currencies or
precious-metal-backed private currencies–currencies which can’t be devalued by
self-serving central banks or the private elites that control them.
But if we set aside our personal
preferences and look at fundamentals and charts, odds seem to favor the U.S.
dollar (USD) making a major move higher in the next few months. Let’s start
with a national index of finance-power which combines GDP, military spending,
banking, foreign direct investment (FDI) and foreign exchange:
The key take-away is the
preponderance of the U.S. and the Anglo-American alliance, a.k.a. the
special relationship of Great Britain and the U.S.
The U.S. exceeds
Germany, China, Japan and France combined, and the U.S.-Great Britain alliance
is roughly equal to the next 10 nations: the four listed above plus The
Netherlands, Switzerland, Italy, Spain, Canada and the Russian Federation.
We don’t have to like
it, but as investors it’s highly risky to act like it isn’t reality.
There are other fundamentals at
work as well.
1. China Bulls anticipate the
RMB/yuan becoming a global reserve currency. Don’t hold your breath. As I have
explained here many times, the nation issuing a reserve currency must meet two
standards:
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
El plebiscito en Colombia: una
oportunidad perdida Atilio A. Boron
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PRESS TV
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