JAN 16 17 SIT EC
y POL
ZERO HEDGE, BLOOMBERG & WS-J
ECONOMICS
The United States is a
demographic time bomb, plain and simple. Over the next 30
years, the U.S. economy will face an unrelenting
demographic transition as ~75 million baby boomers exit the highest wage
earning years of their life and
start to draw down what little retirement savings they've managed to tuck away
while wreaking havoc to the public "safety net" ponzi schemes, like
Social Security, that will almost certainly be insolvent in a decade.
…
U.S. Census Bureau, over the 30 years, the number of people
in the U.S. over the age of 65 is expected to double while those 85 and up will
triple. Needless to day, the overall population growth of the United
States is a fraction of that which means that millennials are about to get
crushed by their parents....so it's probably a good thing they already live in
mom and dad's basement.
In aggregate, per the Wall
Street Journal, Boomers have saved $10
trillion in various tax-deferred saving accounts. While that sounds like an impressive figure,
with 75 million Boomers, it equates to an average of $133,000 per person which,
needless to say, is insufficient to fund ~20 years of retirement.
But while the Boomers, and by extension taxpayers, are
facing a harsh future, Wall Street has made a
killing in fees off of managing the ever growing balance of retirement accounts
as Baby Boomers have come of age.
As illustrated by the chart below, over the past 2 decades
Americans have consistently contributed more than they've withdrawn from tax
deferred accounts, excluding recessionary periods. But that all changed in 2013 and 2014 as the first wave of
Boomers hit the magical age of 70.5 with a total of $25 billion of net
withdrawals in 2014 alone.
In aggregate, per the Wall
Street Journal, Boomers have saved $10
trillion in various tax-deferred saving accounts. While that sounds like an impressive figure, with 75 million Boomers, it equates to an
average of $133,000 per person which, needless to say, is insufficient to fund
~20 years of retirement.
Boomers hold roughly $10 trillion
in tax-deferred savings accounts, according to an estimate by Edward
Shane, a managing director at Bank of New York Mellon Corp. Over the next two decades, the number of
people age 70 or older is expected to nearly double to 60 million—roughly
the population of Italy.
But don't worry Wall Street, the average
millennial has a massive $1,000 nest egg saved up to help you fill
those annual $350 billion gaps.
…
----
----
THE SOLUTION .. SPLIT THE COUNTRY? .. create autonomous
regions?
Even for those who want states to provide certain amenities, many
modern states are far, far greater in size and scope that what is even
necessary to provide those amenities in the first place. Unfortunately, the
primary effect of bigness in these states is to enhance the power of the state
and limit the ability of citizens to escape the state's taxes and impoverishing
regulations.
----
----
There are five defining stages for the "Trump
trade": Trading i) ‘the
promise’; ii) the deal-making; iii) the enactment; iv) the economic
impact, and, v) the payback. Trump’s press
conference last Wednesday drew the line between ‘the promise’ phase, and, the stage
where deliverables will become progressively more important. Here is what to
expect next.
----
----
Bulling Tramp’ anti-popular reaction.. to isolate him : is
this the road to impeachment?
Despite federal authorities in south Florida
busting the largest food-stamp fraud operation in U.S. history last year, food-stamp recipients can
use their taxpayer-funded benefit to order online from retailers like Amazon under
a new Obama administration initiative that aims to facilitate the shopping
experience for rural and urban residents. It
marks the latest of many costly experiments by the administration to expand the
fraud-infested program, which has seen a record-high number of beneficiaries
under President Obama.
----
----
Following a brief spike overnight
(as China intervened in its equity market), crude prices slipped lower, testing
towards a $51 handle after Saudi Arabia says OPEC is on track to wrap up its production curbs by the
middle of the year, potentially leaving its aim
of clearing a global oil glut unfinished.
----
----
Global situation:
Sterling fell, equities slid, Chinese markets got a helping
government intervention hand again, and gold climbed over concerns U.K. Prime
Minister Theresa
May is prepared to lead Britain out of the European Union’s single market and as the U.S. President-elect suggested other countries could break
from the bloc.
Related Can
Marine Le Pen Pull Off French Election Stunner? Germany Loses No Matter Who
Wins Marine le Pen will make it to the second round in French elections, then
lose in a landslide to whoever her opponent happens to be. However, le Pen’s odds of winning it outright may be far
better than most think.
----
----
Obama care don’t cover ¼ of dentist and not even 1/3 of med
treatment.. we want single payer
"We’re
going to have insurance for everybody. There was a philosophy in some
circles that if you can’t pay for it, you don’t get it.
That’s not going to happen with us. It’ll be another plan. But they’ll be
beautifully covered.
----
----
If an individual is “literally” burying cash in their backyard, then
the discussion of the loss of purchasing power is appropriate. HOWEVER, if cash is a “tactical” holding to avoid short-term
destruction of capital, then the protection afforded outweighs the loss of
purchasing power in the distant future.
----
----
POLITICS
The
healthcare system has been broken to the point that physicians now have a
greater incentive to fire their Medicare patients than to treat them. One
Florida-based physician summed up the situation like this: “I have decided to
opt-out of Medicare, acknowledging that I can no longer play a game that is
rigged against me; one that I can never win because of constantly
changing rules, and one where the stakes include
fines and even potential jail time.”
----
----
Promesas
son deudas: If OB close Guantanamo .. he save image & family political life
Reconfirming that he has much left to
accomplish in his final week in office, Obama has released another10 Gitmo detainees that have just confirmed
their safe arrival in Oman.
----
----
Is Sharpton a politician by convenience? Does he receive bribes? Is he a kind of mercenary?
"Al Sharpton had more than 20 years to lead a protest about the injustice
of the criminal system put in by the Clintons. Of course, they
are Democrats. NOW Sharpton is brainwashing these
people as if Trump is somehow going to make this worse? Where has he been for the past two decades?"
----
----
WORLD ISSUES and ME
"Populism
is not a bug, but is a key feature in any democratic society. It
functions as a sort of pressure relief valve for free societies. Indeed, it
allows for an adjustment and recalibration of the existing order at the exact
point in the cycle when it is needed most. In our
current corrupt, unethical and depraved oligarchy, populism is exactly what is
needed to restore some balance to society."
----
----
In two separate, and quite striking interviews with Germany's Bild (paywall) and London's Sunday Times (paywall),
Donald Trump did what he failed to do in his first US
press conference, and covered an extensive amount of policy and strategy, much
of which however will likely please neither the pundits, nor the markets.
----
----
Responding to Trump's Sunday criticism,
Germany's economy minister Sigmar Gabriel said "there is a link between America’s flawed interventionist policy,
especially the Iraq war, and the refugee crisis, that’s why my advice would be
that we shouldn’t tell each other what we have done right or wrong" and
also urged the US to "build better cars" if it wants Germans to buy
them.
----
----
----
----
In addition to slashing Brazilian, Mexican, and Saudi
Arabian economic growthforecasts, Lagarde's lackeys are taking a cautious stance toward the policies of
U.S. President-elect Donald Trump, who takes office this week,
assuming only a modest boost to the
U.S. economy from his promise of fiscal stimulus.
----
----
Just one week after thousands of US troops arrived in Poland to "support NATO's
Anti-Russian buildup", 300 U.S. Marines from Camp
Lejeune landed in Norway on Monday for a six-month deployment, marking the
first time since World War II that foreign troops have been allowed to
be stationed there.
----
----
Now targeting Turkey, besides China .. What a way to keep
Turkey inside NATO: hit their Econ
Here comes stagflation. Turkey's biggest
headache, its crashing currency, will soon translate into another major
problem. According to two senior economy officials, inflation could reach double digits in
the first quarter for the first time in almost five years as a result of the
lira's falls, even as the government's budget deficit just hit a record high.
----
----
DEMOCRACY NOW
----
----
----
GLOBAL RESEARCH
----
----
----
We
Must Not Demonize and Threaten Russia. Nuclear War by Accident or
Miscalculation? By John Scales Avery,
----
Shifting
from Central Planning to a Decentralised Economy: Do We Need Central Banks? By Professor
Richard A. Werner,
----
Martin
Luther King’s Death Disappears Down the Memory Hole. “He Was Assassinated by a
U.S. Government Conspiracy” By Edward Curtin,
----
----
----
----
INFORMATION CLEARING HOUSE
The Issue Is Not Trump, It's Us By John Pilger
When will a genuine
movement of opposition arise —all-for-one-and-one-for all.
----
Trump Open to Lifting
Sanctions on Russia.
----
Full Interview With
Kremlin Spokesman Dmitry Peskov about hacking, Putin and Trump
----
The vast military
industrial complex is after Trump
----
How Pure is Your Hate? By Paul Street
Trump has mused that
single-payer might be the best way to fund health insurance for all
----
Neoliberal econ is
obsolete: Eight men own the same wealth as the 3.6 billion people
----
Building the Institutions for Revolt By Chris Hedges
----
“Silence is
betrayal." .. “Nothing in all the world is more dangerous than sincere
ignorance and conscientious stupidity” MLK
----
----
COUNTER PUNCH
Patrick Cockburn The
Terrifying Parallels Between Trump and Erdogan
----
Lawrence Davidson Is
There a Future for the Democratic Party?
----
Dale Bryan “Where
Do We Go from Here?”
----
Winslow Myers The Light
of the World
----
----
SPUTNIK and RT SHOWS
'Muslim NATO' Has Little Chance to Succeed. Here's Why
https://sputniknews.com/middleeast/201701161049655848-muslim-nato-led-by-saudi-arabia/
https://sputniknews.com/middleeast/201701161049655848-muslim-nato-led-by-saudi-arabia/
RELATED
Syrian Army Claims US, Saudi Arabia Allow Daesh to Flee From
Mosul to Syria
https://sputniknews.com/middleeast/201610181046459002-syria-blames-us-led-coalition/
https://sputniknews.com/middleeast/201610181046459002-syria-blames-us-led-coalition/
----
----
Moscow Cautiously Reacts to Trump's Idea on Lifting
Anti-Russian Sanctions
https://sputniknews.com/politics/201701161049655954-moscow-cautiously-reacts-trump/
https://sputniknews.com/politics/201701161049655954-moscow-cautiously-reacts-trump/
RELATED
Trump's Stance on Russia Means 'NATO Should Change Its
Attitude'
https://sputniknews.com/politics/201701161049648648-trump-russia-nato-attitude/
https://sputniknews.com/politics/201701161049648648-trump-russia-nato-attitude/
----
----
Kerry Slams Trump Over Attempts to 'Step Into' Policies of
Other Countries
https://sputniknews.com/politics/201701161049657182-kerry-trump-merkel/
https://sputniknews.com/politics/201701161049657182-kerry-trump-merkel/
RELATED
Trump's Promise to Facilitate Brexit 'an Element of His
Anti-German Game'
https://sputniknews.com/politics/201701161049652241-trump-anti-german-game/
https://sputniknews.com/politics/201701161049652241-trump-anti-german-game/
----
----
China's Policies on Asia-Pacific Security Show 'Steps Toward
Great World Power'
https://sputniknews.com/asia/201701161049652727-china-policy-security-cooperation-region/
https://sputniknews.com/asia/201701161049652727-china-policy-security-cooperation-region/
----
RELATED
Chinese Foreign Ministry Says One-China Policy
’Non-Negotiable’
https://sputniknews.com/politics/201701151049604916-one-china-taiwan-non-negotiable/
https://sputniknews.com/politics/201701151049604916-one-china-taiwan-non-negotiable/
----
----
Daesh Terrorists Surround Deir ez-Zor Airbase in Syria -
Reports
https://sputniknews.com/middleeast/201701161049650245-deir-ez-zor-base-daesh/
https://sputniknews.com/middleeast/201701161049650245-deir-ez-zor-base-daesh/
----
RT SHOWS
----
----
SophieCo US
not ready for long confrontation with China, risks public opinion backlash –
China scholar
----
----
WASHINGTON BLOG
As if neo-liberal
sensibilities weren’t hurt enough, it’s time to get to the bottom of the
Russian hacks. The problem is no matter what direction
you investigate the hacks from, it always goes back to the Hillary Clinton
campaign and the DNC. They are the responsible parties for the hacks that were
done.
Based on the real evidence, both the Clinton
campaign and the DNC are never more than one connection away from the Ukrainian
Intelligence operatives that claim their hack changed the course of
world politics during the past months. How many hacks claim that laurel in
2016?
This raises questions
like why is the Clinton campaign working with a foreign
government to change the course of the election? This assessment comes
from the Clinton campaign and their hired hands as being the real result that
the DNC hack caused. It’s just that they didn’t count on the possibility of
going to trial for it themselves.
If the Clinton campaign and the DNC are shown clearly to be
working with a foreign country to influence the outcome of the election, should
the country be sanctioned? By the end of this, the case is made that
Ukraine should undergo every sanction that has been proposed for Russia. This
is because their Intel services are clearly capable of and responsible for the
hacking that Obama has laid at the feet of the Russian government. The hackers in
question from the group KievHunta, RUH8 (Sean Townsend) should be investigated
and extradited.
⇒ Keep Reading
⇒ Keep Reading
NOTICIAS IN SPANISH
Estados Unidos debe elegir diplomacia antes que guerra Phyllis
Bennis
----
Se debe anular 1ro la expropiación
ilícita de tierras Palestinas
----
Vasili Koltashov “La situación
económica en Rusia es establemente mala”
----
“expansion” en lugar de adaptacion ..
----
El final del neoliberalismo “progresista” Nancy Fraser
----
El mundo que viene Pilar
Alberdi
----
----
----
EEUU, el gran enemigo de México Miguel
Ángel Ferrer
----
----
----
----
----
----
----
----
----
----
----
----
----
----
----
El papel de Irán en la tragedia siria Farahany Behrouz
----
----
PRESS TV
----
----
----
Trump
worrying everybody except Russia over NATO obsolete
----
'Don't
step into Germany’s politics,' Trump advised by Kerry
----
----
----
‘Both US, Russia should cut nuclear arsenals
----
----
----
----
----
----
----
----
----
Trump to lift sanctions if Putin cuts nukes ridiculous petition
----
----
----
----
===
No hay comentarios:
Publicar un comentario