JUN 22 17 SIT EC y POL
ND denuncia debacle d Globaliz neoliberal y
propone State-Social + Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
"While raising rates will accelerate a potential recession and
a significant market correction, from the Fed’s perspective it might be the ‘lesser of two evils. Being
caught near the “zero bound” at the onset of a recession leaves few options for
the Federal Reserve to stabilize an economic decline. In other words, they already likely realize
they are screwed."
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Bed, Bath, & Beyond collapsed in after-hours trading to
below $30 per share - the lowest since
July 2009 - as yet another retailer hits the wall.
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"The real revolution we
need in America is a revolution of ethics... It’s the
only one that can succeed and make things better."
Source: http://www.zerohedge.com/news/2017-06-22/us-economy-perverted-neo-feudal-rent-seeking-abomination
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Some very simplistic
math from Moody's helps to shed some light on just how inevitable a public pension crisis is in
the United States.
Most people focus on
a funds 'net funded status', which for the MEABF is a paltry 20.3%. But the problem with focusing on
'funded status' is that it can be easily manipulated by pension administrators
who get to simply pick the rate at which they discount future liabilities out
of thin air.
And a quick look at MEABF's cash
flows quickly reveals the ponzi-ish nature of the fund. In both 2015
and 2014, the fund didn't even come
close to generating enough cash flow from investment returns and contributions
to cover it's $800mm in annual benefit payments...which basically
means they're slowing liquidating assets to pay out liabilities.
Of course, like all ponzi
schemes, liquidating assets to pay current claims can only go on for so long
before you simply run out of assets.
The risk associated with America's pension ponzi schemes
have largely been overlooked by investors to date because so long as they can
meet annual benefit payments then plan administrators can just continue to
'kick the can down the road' and pretend that nothing is wrong.
Of course, that strategy ceases
to work when the pensions actually run out of cash...which could happen sooner
than you think...and when it does, America's retirees will suddenly find
themselves about $5-8
trillion poorer than they thought they were.
…
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"The harmful
character of deflation is today one of the sacred dogmas of monetary policy. .."
First, in
historical fact, deflation has had no clear negative impact on aggregate
production. Long-term decreases of the price level did not systematically
correlate with lower growth rates than those that prevailed in comparable
periods and/or countries with increasing price levels. Even if we focus on
deflationary shocks emanating from the financial system, empirical evidence
does not seem to warrant the general claim that deflation impairs long-run
growth.
Second, it is true
that unexpectedly strong deflation can incite people to postpone purchase
decisions. However, this does not by any sort of necessity slow down aggregate
production. Notice that, in the presence of deflationary tendencies, purchase
decisions in general, and consumption in particular, does not come to a halt.
For one thing, human beings act under the “constraint of the stomach.” Even the
most neurotic misers, who cherish saving a penny above anything else, must make
a minimum of purchases just to survive the next day. And all others—that is,
the great majority of the population—will by and large buy just as many
consumers’ goods as they would have bought in a nondeflationary environment.
Even though they expect prices to decline ever further, they will buy goods and
services at some point because they prefer enjoying these goods and services
sooner rather than later (economists call this “time preference”). In actual
fact, then, consumption will slow down only marginally in a deflationary
environment. And this marginal reduction of consumer spending, far from
impairing aggregate production, will rather tend to increase it. The simple
fact is that all resources that are not used for consumption are saved; that
is, they are available for investment and thus help to extend production in
those areas that previously were not profitable enough to warrant investment.
Third, it is
correct that deflation—especially unanticipated deflation—makes it more
difficult to service debts contracted at a higher price level in the past. In
the case of a massive deflation shock, widespread bankruptcy might result. Such
consequences are certainly deplorable from the standpoint of the individual
entrepreneurs and capitalists who own the firms, factories, and other
productive assets when the deflationary shock hits. However, from the aggregate
(social) point of view, it does not matter who controls the existing resources.
What matters from this overall point of view is that resources remain intact
and be used. Now the important point is that deflation does not destroy these
resources physically. It merely diminishes their monetary value, which is why
their present owners go bankrupt. Thus deflation by and large boils down to a
redistribution of productive assets from old owners to new owners. The net
impact on production is likely to be zero.
Fourth, it is true
that deflation more or less directly threatens the banking industry, because
deflation makes it more difficult for bank customers to repay their debts and
because widespread business failures are likely to have a direct negative impact
on the liquidity of banks. However, for the same reasons that we just
discussed, while this might be devastating for some banks, it is not so for
society as a whole. The crucial point is that bank credit does not create
resources; it channels existing resources into other businesses than those
which would have used them if these credits had not existed. It follows that a
curtailment of bank credit does not destroy any resources; it simply entails a
different employment of human beings and of the available land, factories,
streets, and so on.
In the light of the preceding considerations it appears that
the problems entailed by deflation are much less
formidable than they are in the opinion of present-day monetary authorities.
Deflation certainly has much disruptive potential. However
it mainly threatens institutions that are
responsible for inflationary increases of the money supply. It
reduces the wealth of fractional-reserve banks, and their customers-debt-ridden
governments, entrepreneurs, and consumers. But as we have argued, such
destruction liberates the underlying physical resources for new employment. The destruction entailed by deflation is therefore often
“creative destruction” in the Schumpeterian sense.
…
Source : http://www.zerohedge.com/news/2017-06-22/four-reasons-central-banks-are-wrong-fight-deflation
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"In an age of “radical uncertainty” how long will
it be before angry citizens tire of blaming an impotent political system for
their ills and turn on the main culprits for their
poverty – unelected and virtually unaccountable central
bankers? I expect central bank
independence will be (and should be) the next casualty of the current political
turmoil."
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Magos
aliados del diablo o simples idiotas: Le buscan la 5ta pata al gato y dicen si existe
"I want to get to yes, but
this first draft doesn't get the job done. Over the next week and
beyond, I will continue working to bring Republicans together to honor our
promise, repeal Obamacare, and adopt
common-sense, consensus reforms that can actually be passed into law."
RELATED 1:
"Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and
obtaining more information before it is brought to the floor. There are
provisions in this draft that represent an improvement to our current health
care system, but it does not appear this draft as a written will accomplish the
most important promise that we made to Americans: to
repeal Obamacare and lower their health care costs."
RELATED 2:
"Simply put, if there’s a
chance you might get sick, get old, or start a family – this bill will do you harm...To
put the American people through that pain – while giving billionaires and corporations a massive tax cut in return –
that’s tough to fathom."
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"Mueller is a
card-carrying member of the Deep State who was there at the
founding of today’s surveillance monster as FBI Director following 9/11... So he will 'find'
extensive Russian interference in the 2016 election and bring the hammer down
on the Donald for seeking to prevent it from coming to light. The
clock is now ticking..."
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"The Russian
circus is going nowhere because it was never meant to go anywhere. It
is distraction and drama, a soap opera for the ignorant masses. Trump will not
be removed from office. If he does end up impeached, the impeachment will fail.
As I have said since before the election, the establishment needs Trump as president...
the US system is going to move into the next phase of collapse
under Trump's watch, and the elites need their scapegoat."
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"Like it or
not, America peaked many
decades ago... to cover this great theft,
the Deep State
had divided the American people into a powder-keg expected to unleash in
the 'summer of rage'"
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DEMOCRACY NOW
US politics crisis:
Trump captured by Deep state to reproduce old cronyism without alter-plan
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
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The
Plot to Scapegoat Russia: How the CIA and the Deep State Conspired to Vilify
Putin By Roger Keeran and Thomas Kenny
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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
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Why I Reject Western Courts And Justice By Andre Vltchek
In a world ruled by
brutal imperialism, the only honorable place to dwell in is jail!
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US is actively
committed to achieve the impossible: bring Russia into submission.
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What are we doing in Syria to justify ratcheting up tensions
with Russia?
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Eager for World War III on MSNBC By Eoin Higgins
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Russia-gate Flops as Democrats’ Golden Ticket
By Robert Parry
Democrats may be digging a deeper hole for themselves
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The "Soft Coup" Under Way In
Washington By David Stockman
The Little Putsch in Kiev is now begetting a Great Big Coup
in the Imperial City.
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US seeks to ‘milk’ terrorism sponsored by Saudi Arabia
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The U.S. military-industrial complex’s insatiable lust for
conquest, power and profit.
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U.S. Torture, A Saudi Coup And ISIS Crimes -
"By, With And Through Allies" By
Moon Of Alabama
U.S. military and the
CIA outsourced parts of their ongoing torture campaign in Yemen.
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It was the best
parenting decision I've ever made.
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COUNTER PUNCH
Jason Hirthler Invisible
Empire Beneath the Radar, Above Suspicion
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Bruno Rodríguez Parrilla
Cuba
Will Not Bow to Trump’s Threats
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered .. pro RU view
RECENT US AGRESION
AIMED TO BREAK SYRIAN TERRITORIAL INTEGRITY
US Plot for Future Syria: 'No Territorial Integrity, Special Plans for Raqqa' https://sputniknews.com/middleeast/201706221054867138-us-coalition-syria-plan/
The US-led coalition against
Daesh hasn't just been shooting at terrorists: it first shot down a
Syrian Su-22 fighter bomber and then downed a Syrian drone, claiming that it
was part of the "collective self-defense of Coalition partnered
forces." Turkish military expert Celalettin Yavuz
explained the real reasons behind the attacks.
On June 18, a US jet shot
down a Syrian Su-22 fighter-bomber near the city of Tabqa. The
US-led coalition said the Syrian aircraft attacked Syrian Democratic Forces
(SDF) positions, adding that the coalition downed the Syrian jet as part
of "collective self-defense of Coalition partnered forces."
On Monday, the Russian Defense
Ministry announced that following the attack, it suspended the
deconfliction channel with the United States for incident prevention
in Syria.
On Tuesday, the US-led coalition
downed a Syrian drone near al-Tanf, explaining that it showed
"hostile intent" while advancing the coalition positions. The
incident, it claimed, took place in the same location where another
pro-Syrian government drone dropped munition on June 8 targeting the
Syrian Democratic Forces.
The coalition then said that
amid recent developments related to the deconfliction line
with Russia, it will not allow pro-Syrian government aircraft
to threaten or closely approach its forces.
Sputnik
Turkiye discussed the situation in Syria with Celalettin
Yavuz, Turkish professor of political sciences,
retired captain of the Turkish Navy and former adviser to the
chairman of the Nationalist Movement Party (PND) on foreign policy
and security.
"The forces of the US-led coalition first
destroyed Syrian Su-22 fighter-bomber and then downed its UAV [unmanned aerial
vehicle]. While everyone discussed the first incident, they made the second
one. It is only too clear that both incidents convey a certain message
to Moscow, a close ally of Damascus," Celalettin
Yavuz told Sputnik.
However now it becomes clear that such behavior
of the US and the coalition forces means only one thing: instead
of preserving the territorial integrity of the Arab Republic, the US
tries to split Syria, break it down.
"It is only too evident that the US' plan
for Syria is to break it down, partition it. However the Syrian
government forces are trying to prevent it. And in Raqqa we are
witnessing the attempt of the coalition to implement this plan
at any cost," Celalettin Yavuz stated.
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ON SANCTION TO RU
Russian Senator Says Extended Sanctions on Moscow Sign of EU’s 'Inertia' https://sputniknews.com/russia/201706231054901529-senator-russia-sanctions-inertia/
The EU’s decision to extend
economic sanctions on Russia proves the bloc would rather stick with the status
quo than come up with a new approach to the issue, a Russian senator said.
European Council President Donald Tusk said earlier 28 EU
leaders had agreed at the summit talks in Brussels to prolong
restrictions on Moscow for another six months.
"The new extension of EU sanctions means no policy and, instead, the willingness
to maintain the status quo. No one believes
in sanctions anymore. Inertia," Alexey
Pushkov tweeted.
RELATED
Extension of EU Anti-Russian Sanctions 'Defeat' of European Diplomacy, MP Says https://sputniknews.com/europe/201706231054898728-eu-russia-sanctions-defeat-diplomacy/
Earlier in the day, European Council President
Donald Tusk said the leaders of the EU member states decided
to extend economic sanctions against Russia.
"[It is] another defeat of EU diplomacy
in the Ukrainian direction. An initially incorrect perception of the
situation led to an initially wrong approach toward its settlement…
Today's decision will not bring anything new and especially constructive or
creative in this situation [in Donbass] stagnated because of Kiev’s
fault," the chairman of the upper house
of the Russian parliament's international affairs committee said.
On
Tuesday, the press materials related to the European Council meeting
in Brussels on June 22-23 showed that German Chancellor Angela Merkel and France's President Macron were expected to inform the EU leaders on the
developments of the issue at the meeting. This would lead
to taking the official decision concerning the prolongation of the
anti-Russia sanctions linked to the full implementation of the
ceasefire deal shortly after the meeting.
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“UNINTENTIONAL
ACCIDENTS” IN THE AIR COULD INITIATE WW3
Russian Jets Intercepted 14 Spy Planes Near National Border in Past Week https://sputniknews.com/russia/201706231054900844-russian-intercepts-border/
The paper estimated that US
RC-135 planes and Global Hawk drones had been involved in ten
reconnaissance missions, four were conducted by Norwegian P-3 Orions, and
three by Swedish Air Force’s Gulfstream intelligence planes.
Planes of British and French
air forces were each spotted twice by Russian air defense agencies.
Portuguese and Japanese aircraft also made appearances close to Russia’s
external frontiers.
The number of air incidents
involving Russian and NATO planes has increased in the past years
after the US-led alliance ratcheted up its presence on Russia’s
western border in 2014.
RELATED
NATO-Russian Aerial Intercepts Intensify Amid Escalation in Europe https://sputniknews.com/world/201706221054873568-russia-nato-intercepts-escalation/
The attempt by a NATO fighter
aircraft to approach a Russian plane carrying Defense Minister Sergei Shoigu
became only the latest episode in a string of similar incidents as the
alliance’s warplanes continue to test Russia’s defenses amid growing military
escalation in Europe.
On June 21 a NATO F-16 fighter aircraft made an attempt
to approach the plane carrying Russian Defense Minister Sergei Shoigu
over neutral Baltic waters, but was promptly chased away by a
Russian Su-27 warplane.
This incident,
however, wasn’t a singular occurrence, to put it mildly, as only a
day prior to that, on June 20, Russia scrambled its fighters
to intercept a US Boeing RC-135 surveillance plane, and on June 6
Russian fighters intercepted a US B-52 strategic bomber which attempted
to approach Russia’s borders; both intercepts also took place
over the Baltic Sea.
However, Ret. Lt. Gen. Aytech Bizhev, former Deputy Commander
of the Russian Air Force, said the attempt to ‘escort’ the Defense
Minister’s plane looks like a deliberate provocation.
"It was a violation of flight rules
over international waters. The US Air Force aircraft created a dangerous
situation over the Baltic Sea by approaching (Shoigu’s plane)
at an unacceptable distance according to international law. Anything
could’ve happened: the planes might’ve collided, the pilot’s hand could’ve
slipped, and the fighter’s slipstream could’ve caused the plane to stall.
There were many risk factors involved," he said.
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RT SHOWS
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WASHINGTON BLOG
Flash points on US
politics: internal contradict.. Hugh Smith good articles reproduced
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Posted on June 22, 2017 by Charles
Hugh Smith
Automation–networked robotics,
software and processes–has already had a major impact on jobs. As this
chart from my colleague Gordon T. Long illustrates, the rise of Internet
technologies is reflected in the steady, long-term decline of the labor force
participation rate– the percentage of the populace that is actively in the
labor market.
The oft-repeated fantasy is that
every new wave of technological innovation creates more jobs than it destroys. Not
this time: the total number of full-time jobs has stagnated for years, and most
of the new jobs that have been created are in low-wage, moderate-skill
positions that cannot move the productivity needle much: jobs such as those in
the retail and restaurant sectors.
Real wealth isn’t created by
printing currency or jacking up stock valuations–it’s created by increasing
productivity. As this chart reveals, productivity has stagnated
for years. This is a complex dynamic, but we can surmise that the low-hanging
fruit of automation has already been harvested, and the addition of jobs that
are inherently limited in the productivity gains that can be achieved are core
components in stagnating/declining productivity.
I have often discussed
productivity and economist Michael Spence’s framework of tradable and non-tradable
labor. You want a beer-bottling machine? That’s a tradable good; it
can be manufactured anywhere in the world. You want a beer at the local tavern?
That is non-tradable–it is a service that can only be provided locally.
⇒ Keep Reading
⇒ Keep Reading
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
Soberanías del cuerpo: trabajo
sexual y gestación subrogada Pablo Pérez Navarro
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Keiser
Report 1087 Criptodivisas "por todas
partes" y la Comisión de Valores de EE.UU. sin saber qué hacer
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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