NOV 1
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
Check staining
graphics at:
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Despite pushing back its Model 3
forecast, Tesla continued to burn unseen amounts of cash, and in the third
quarter it outdid itself again, with a record cash
burn of $1.4 billion - or roughly $16 million per day: an
unprecedented amount.
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"Will
fiat currencies survive the policy dilemma that the authorities will experience
as they try to balance higher yields with record levels of debt? That’s the multi-trillion dollar question
for the years ahead."
…
One month ago, Deutsche Bank's unorthodox credit analyst,
Jim Reid published
a phenomenal report, one which just a few years ago would have been
anathema, as it dealt with two formerly taboo topics: is a financial crisis
coming (yes), and what are the catalysts that have led the world to its current
pre-crisis state, to which Reid had three simple answers: central banks,
financial bubbles and record amounts of debt.
The Future of Money Part 1
- The Start of the End of Fiat Money?
Background
In “The Next Financial Crisis” we suggested how China's fairly sudden
integration into the global economy at the end of the 1970s and a very favorable once-in-alife-time shift in demographics
from around 1980 onwards could have contributed to the modern boom/bust culture
that has made financial crises more regular in recent decades.
With inflation
controlled externally it has allowed governments and central banks the luxury
of responding to every crisis and shock with more leverage, loose policy
and latterly more and more money printing. It’s not usually this easy as
inflation would have normally increased with such stimulus and credit creation.
It could be argued that this
external disinflation shock has perhaps ‘saved’ fiat currencies after the
runaway inflation of the 1970s in the immediate aftermath of the collapse of
the Bretton Woods quasi Gold Standard from 1971 onwards. If this theory is correct then any reversals in this
demographic super cycle could spell problems for the fiat currency system.
Under this scenario inflation would pick up externally due to working age
populations no longer rising and labour pricing power returning.
Central banks and
governments which have ‘dined out’ on the 35 year secular, structural decline
in inflation are not able to prevent it rising as raising interest rates to
suitable levels would risk serious economic contraction given the huge debt
burden economies face. As such they are forced to prioritize low interest
rates and nominal growth over inflation control which
could herald in the beginning of the end of the global fiat currency system that
begun with the abandonment of Bretton Woods back in 1971.
Fiat currencies and inflation
For virtually all of financial history up to the collapse of
the Bretton Woods system in 1971, most currencies were backed by precious
metals for the vast majority of times. Over the preceding century or so these
systems periodically broke down for many countries due to wars and notably
during the Depression years of the 1930s.
However, countries generally reverted to some kind of
precious metal fix after experiencing high inflation in the years where they
suspended membership. Figure 1 shows our global median inflation index back
over 800 years and then isolates the period post 1900 where inflation exploded
relative to long-term history
Figure 2 then shows
this in year-on-year terms and as can be seen, in the 700 years before the
twentieth century inflation and deflation were near equal bed-fellows with only
a gradual upward creep in inflation as new precious metals were mined or
governments periodically punched holes in existing coins and thus slightly
debasing the currency.
TO CONTINUE READING OPEN:
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POLITICS
La seudo democ y sist duopolico es obsoleto por fraudulento y
corrupto. Urge cambiarlo
US READY FOR SUICIDE…
to start WW3
"The legislation - a writ
for war without temporal or geographic limits - allows any president a boundless and
unchecked ability to start wars. No checks and balances are in place. A strike can be delivered anywhere anytime without deliberations..."
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The new
Fed Chairman, Jerome Powell, has served as Federal Reserve governor for the
past five years, giving him ample opportunity to express his views about the
policies he will oversee. So meet Janet Yellen's replacement, in his own
words...
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"This
is crazy. This is absolutely crazy. Four years ago, annual premiums for a mid-level “silver” plan to cover
his family totaled $10,072.44. For 2017, they were
$21,392.40—up 112 percent."
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Yet another conspiracy theory is revealed as
fact.
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Getting ready for chemical-biological WW3?
...They
needed it for a biological study of the musculoskeletal system...
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NOV 4: ANTIFA MOV for
PEACE n collect SIGNATURES to impeach
TRUMP
Are we about to see CHAOS IN THE STREETS in major cities all over America?
...
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[[ to be followed and succeed now n prevent
decapitation.. this Mov must be NON-Violent ]]
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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
US OPEN DOOR FOR
WW3 make big countries to became “chovinistic”
or nationalist
"In an effort to 'uphold the
respect of the people' for the country’s national anthem and 'regulate
their behavior while singing or playing' it, as the China Daily writes, China’s government is considering stiffening the penalty for
disrespecting the tune..."
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The Greek government is planning an unprecedented debt swap worth 29.7 billion euros ($34.5 billion)
aimed at boosting
the liquidity of its paper and easing the sale of new bonds in the future.
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The giant agricultural commodities merchant ED&F Man Holdings Ltd.,
best known for trading sugar and coffee, has taken a
major hit of about $80 million "after falling victim to a scam in
the metals market" involving Chinese "ghost collateral."
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Despite the recent rise in oil prices, all is not well among the allies in the Gulf.
D Bloomberg reports the nation has asked Gulf Arab allies for financial
assistance as it seeks to replenish its foreign-exchange reserves and avert a
currency devaluation - which could spread contagiously through MidEast
markets.
===
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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INFORMATION CLEARING HOUSE
Deep on the US
political crisis, their internal conflicts n chances of WW3
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Tillerson:
US Could Stay In Iraq, Wanted Or Not By
Aaron Mehta
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US
Govt-Funded Think Tank Praises “Moderate” Al Qaeda By
Whitney Webb
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How
America Spreads Global Chaos By Nicolas J.S.
Davies
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COUNTER PUNCH
L. Michael Hager A
Devils’ Alliance: the U.S./Israel Obstacle to Peace
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Margaret Kimberley It’s All
About Africom
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Christopher Brauchli The
Dark Prince: Mercenaries in the Senate?
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SPUTNIK and RT SHOWS
The nasty business of
US-NATO-Global-wars uncovered ..
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America fight
to break with collapsing Empire: leftist
view on alternatives
Ent
a C Rendueles: Todo esto empezó con
una crisis de acumulación capitalista”
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PRESS TV
Global situation
described by Iranian observers.. Titles distorted n incomplete sentences
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