OCT 7 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
"The establishment of an Economic Freedom Zone, would
set off an explosion
of growth..."
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Having previously warned
of the "disastrous market
mania," and told
Janet Yellen to "be
terrified" in April, legendary trader Paul Tudor Jones has a new
message for CEOs, urging them to stop embracing the profit-above-all-else ethic creating massive wealth-inequality, or face the "tearing
down of our civilization via war, revolution, or taxes."
…
in April, Tudor
Jones, who runs the $10 billion Tudor Investment hedge fund, said Yellen should
be very afraid, warning that years of low interest rates have bloated stock
valuations to a level not seen since 2000, right before the Nasdaq tumbled 75
percent over two-plus years.
That measure - the
value of the S&P relative to the size of the economy - should be
“terrifying” to a central banker, Jones said earlier this month
at a closed-door Goldman Sachs Asset Management conference, according to people
who heard him.
While the billionaire didn’t say when a market turn might
come, or what
the magnitude of the fall might be, he
did pinpoint a likely culprit.
Just as portfolio insurance
caused the 1987 rout, he says, the new danger zone is the half-trillion dollars
in risk parity funds. These funds aim
to systematically spread risk equally across different asset classes by putting
more money in lower volatility securities and less in those whose prices move more
dramatically. Because risk-parity funds have been scooping up equities of late
as volatility hit historic lows, some
market participants, Jones included, believe they’ll be forced to dump them
quickly in a stock tumble, exacerbating any decline.
“Risk
parity,” Jones told the Goldman audience, “will
be the hammer on the downside.”
Indeed, with all that
low-vol leveraged, it wouldn't be the first time.
…
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Can we imagine a world without them?
“There is no more persistent and influential
faith in the world today than the faith in government spending,” wrote
economist Henry Hazlitt in 1946. If that was the case then, what about today?
Nearly every problem in the world calls for the
government to solve it. In return for these services, the government needs
money—a lot of money.
The federal government of the United States alone is on
track to spend $3.65 trillion in the fiscal year
of 2017, or 21.5 percent of gross domestic product.
Now, the Trump administration has been in the news for
proposing a reform of the tax
system, including some significant cuts. However, rather
than bicker over the costs and effectiveness of that particular proposal, let’s
take a step back and look at the big picture on taxes. We may even
consider asking the question of whether we need
taxation at all.
No Taxes
There are many arguments in favor
of abolishing personal and corporate income taxes altogether.
The first is that taxes prevent
private economic activity, the core provider of employment and the
products we need to sustain our lives.
From a cost-income perspective, high corporate taxes make
many business ventures not profitable, especially for small entrepreneurs and
innovators. This
is exacerbated by the fact that taxes
artificially increase the risk-reward profile for any operation, regardless of
profits.
Government Waste
The second important reason is
that government is notoriously inefficient in providing the goods and services
it promises to deliver better than the private sector could.
For example, looking
at the different consumer price indices, virtually
all sectors with heavy government involvement (health care,
education, child care) have much exceeded the price increases in other
sectors (automobile, clothing, cellphone service, electronics) and even average
inflation.
But some expenses are not
reflected in the price increase. On top of the cost of the services
produced by usually private companies like hospitals and colleges, every
government program needs to pay for bureaucrats on top of elected politicians. In fiscal 2016, the federal government
employed 2.2 million civilian workers and spent $215 billion in compensation
alone for usually better
wages and benefits than the private sector. The IRS cost $11.7
billion in fiscal 2016 and employed almost 80,000 people.
So if the government kept a balanced budget by getting out of most non-essentials sectors, saving too would
level the playing field.
Of course,
reducing taxes to 1913 levels is completely against the incentives of
politicians and bureaucrats whose bread and butter is to design and administer
government programs that need funding. This is one of
the reasons even President Donald Trump’s relatively modest tax proposal will
take so long to pass.
….
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
"1) Pick a
random globally newsworthy event... 2) Blame
Russia... 3) Profit!"
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"From accusations of Trump campaign collusion to Russian
Facebook ad buys, the media has substituted hype for evidence..."
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"...when he got elected, I told my classes some of us won’t be
affected by this presidency... So far, all he has done is to encourage violence...but
others are going to die. Other
people will die because of this.”
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Trump’ GOPs &
DEMs together.. la putrefacta oligarquia
se une to defend Big Corp & syst duopolico
It appears another 'chat with Chuck' may result in a deal 'win' for President Trump - this time on healthcare...
[[ Both parties defend big Pharma &
more privatiz of health system.]]
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WORLD ISSUES and M-East
Global depression is
on…China, RU, Iran search for State socialis+K- compet. D rest in limbo
"...in small
states the government is closer to its
citizens and by that better observable
and controllable by the populace..."
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"Russia’s desire to break away from the
hegemony of the U.S. dollar and the dollar [collapse] payment system is well-known... But Russia is pursuing other dollar alternatives besides
gold..."
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GLOBAL RESEARCH
Global Econ-Pol
crisis leads to more business-wars:
profiteers US-NATO under screen
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered ..
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[[ Is this a drill on How to evacuate people in case of US-NATO
bombing? ]]
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On Sarah Huckabee Sanders, who currently serves as White
House press secretary,
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Draconid
Meteor Shower to Peak Over the Weekend
on October 7 and 8,
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[[ To finance terrorism?… Another Iran-contra-gate in which DEA &
CIA were involved? ]]
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RT SHOWS
The World According to Jesse Paid
patriotism, the NFL & Dennis Kucinich
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
US Corea del Norte y Yemen: los costes del Imperio Mark Weisbrot
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Rajoy: "La independencia de
Cataluña no se va a producir" por Dec franquista. SI por vol-pop
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PRESS TV
Global situation described by Iranian
observers.. Titles distorted n incomplete sentences
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‘US tried to kill N Korean leader with chemical
agents: Report
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LA 92 Movie
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Should
Mahmoud Abbas resign? 2/3 of Palestinian poll participants demanded his
resignation.
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