Fri
AUG 31 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Econ
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
"I hate to break it to you, but the everything bubble isn't
permanent..."
OK, I get
it--the Bull Market in stocks is permanent. Bulls
will be chortling in 2030 that skeptics have been wrong for 22 years--an entire
generation. Bonds will also be higher, thanks to negative interest rates, and
housing will still be climbing higher, too. Household net worth will be
measured in the gazillions.
Here's the
Fed's measure of current household net worth: a cool $100 trillion, about 750% of disposable personal income (DPI):
See Chart:
https://www.zerohedge.com/sites/default/files/inline-images/household-worth8-18a_0.png?itok=Gnx_FKZ2
Household
net worth has soared $30 trillion in the past decade of permanent monetary and
fiscal stimulus. No wonder everyone
is saying Universal Basic Income (UBI)-- $1,000 a month for every adult, no
questions asked--is affordable, along with Medicare For All (never mind that
Medicare is far more expensive than the healthcare provided by other advanced
nations due to rampant profiteering, fraud and paperwork costs--we can afford
it!)
We're only
rich until the bubbles pop, which they will. All
speculative bubbles deflate, even those that are presumed permanent, And when
the current everything bubble pops, net worth--and all the
taxes generated by bubble-era capital gains--vanish.
Take a
look at the Federal Reserve's Household
Balance Sheet (June 2018):
$34.6 trillion in non-financial assets
$81.7 trillion in financial assets
$15.6 trillion in total liabilities ($10 trillion of which is home mortgages)
$100 trillion in net worth
$34.6 trillion in non-financial assets
$81.7 trillion in financial assets
$15.6 trillion in total liabilities ($10 trillion of which is home mortgages)
$100 trillion in net worth
So $25
trillion is in real estate. When the housing bubble pops, $10 trillion will go
poof. Maybe $12 trillion, but why
quibble about a lousy $2 trillion? We're rich!
Consumer
durables are worth $5.7 trillion, minus consumer debt of $3.8 trillion. As we know from the 2008-09 recession, the value
of used boats, BBQ grills and assorted other gew-gaws drops to near zero (boats
abandoned to avoid slip fees, etc.), so shave off the phantom $2 trillion in
consumer durables.
Stocks
held directly and indirectly, $28 trillion. Stocks
are overvalued by half, so once reality sets in $14 trillion will vanish into
thin air.
Non-corporate
businesses currently worth $11.9 trillion--in
the depths of a recession, many will close and the market value of the
struggling survivors won't be much. Let's say $5 trillion vanishes.
That's $30
trillion up in smoke, and we haven't even gotten to pensions and $15 trillion
in "other financial assets." Whatever
they are, we can bet that $10 trillion in pension entitlements and "other
financial assets" disappear, too.
So a
reasonable estimate is post-bubble, household net worth drops by 40%, or $40
trillion. This is actually being
generous, as this leaves a $20 trillion gain since 2000, a period in which GDP
rose from $10.2 trillion to $19.5 trillion:
See Chart:
I hate to
break it to you, but the everything bubble isn't permanent. Extend this geometric line of net worth a decade
and then extend the GDP line a decade; at that point, our wonderful assets will
be worth $1,000 trillion while our real-world economy will have grown to $25
trillion. Does history suggest this is possible, or likely? Will the pundits
still be declaring that this is all quite reasonable considering how well the
economy is doing?
WE'RE ONLY
RICH UNTIL THE BUBBLE POPS - THEN WE'RE BROKE.
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The premium
spread for buying BBB- tranches of commercial mortgage backed securities versus
AAA is the lowest its been since May 2007.
See Chart:
Investors are receiving the lowest premium to invest in
riskier CMBC
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SOURCE: https://www.zerohedge.com/news/2018-08-31/commercial-real-estate-paying-lowest-return-housing-crisis
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US
DOMESTIC POLITICS
Seudo democ y sist
duopolico in US is obsolete; it’s
full of frauds & corruption. Urge cambiarlo
"When the hallucination
dissolves, the winners will be the new losers and the old losers will be looking to string them
up. That scenario remains to
be played out..."
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Exactly what the Nazis said before:
"When even CNN, that bastion of anti-Trump groupthink, agrees that
this is a dangerous, horrifying
slippery slope, I think we can all agree we’ve gone way beyond dangerous."
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US-WW ISSUES (Geo Econ, Geo Pol
& global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K- compet. D rest in limbo
"If America attacks us, our friends will attack America’s
interests and its allies in the region" - senior Iranian IRGC commander
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“Construction of the base has
started, and China will send at least one battalion of troops, along
with weapons and equipment, to be stationed there and provide training to their Afghan counterparts.”
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"What is left roaming our wilderness
of mirrors depends on the mood swings of the Goddess of the Market.
No wonder an effect of Eurasia
integration will be a death blow to Bretton Woods and 'democratic'
neoliberalism..."
Read This:
What is left roaming our wilderness of mirrors
depends on the mood swings of the Goddess of the Market. No wonder an
effect of Eurasia integration will be a death blow to Bretton Woods and
“democratic” neoliberalism... a tornado directly
connects to the battle between Eurasia integration and Western sanctions as
foreign policy.
It is the paradigm shift of China’s New Silk Roads versus
America’s Our Way or the Highway. We used to be under the illusion that history
had ended. How did it come to this? … For
centuries the Ancient Silk Road, run by mobile nomads, established the
competitiveness standard for land-based trade connectivity; a web of trade
routes linking Eurasia to the – dominant – Chinese market.
Deprived of a trade
connection via a land corridor between Europe and China, Europeans went all-out
for their own maritime silk roads. We are all familiar with the spectacular
result: half a millennium of Western dominance.
Deprived
of a trade connection via a land corridor between Europe and China, Europeans
went all-out for their own maritime silk roads. We are all familiar with the
spectacular result: half a millennium of Western dominance.
Until quite recently the latest chapters of this Brave New
World were conceptualized by the Mahan, Mackinder and Spykman trio.
Continue reading..
Here the subtitles with brief extracts:
The Heartland of
the World
Halford Mackinder’s 1904 Heartland Theory – a product of the imperial
Russia-Britain New Great Game – codified the
supreme Anglo, and then Anglo-American, fear of a new emerging land power able
to reconnect Eurasia to the detriment of maritime powers.
All Nodes Covered
At the
height of the unipolar moment, history did seem to have “ended.” Both
the western and eastern peripheries of Eurasia were under tight Western control
– in Germany and Japan, the two critical nodes in Europe and East Asia. There
was also that extra node in the southern periphery of Eurasia, namely the
energy-wealthy Middle East.
See Map
The
primary aim, once again, was to prevent any possible convergence of European
and East Asian powers as rivals to the US.
Compare
this recent idyllic past with Brzezinski’s – and Henry Kissinger’s – worst
nightmare: what could be defined today as the “revenge of history”.
Divide and Rule,
Revisited
The same
applies for the preeminent post-mod Delphic Oracle, also known as Henry
Kissinger, simultaneously adorned by hagiography gold and despised as a war
criminal. .. In the end, it’s always
about variations of Divide and Rule – as in splitting Russia from China and
vice-versa. In theory,
Kissinger advised Trump to “rebalance” towards Russia to oppose the
irresistible Chinese ascension. It won’t happen, not only because of the
strength of the Russia-China strategic partnership, but because across the
Beltway, neocons and humanitarian imperialists ganged up to veto it.
Heraclitus Defies
Voltaire
Alastair Crooke took a great
shot at deconstructing why Western global elites are terrified of the Russian conceptualization
of Eurasia.
It’s because “they ‘scent’…a stealth reversion to the old, pre-Socratic
values: for the Ancients … the very notion of ‘man’, in that way, did not
exist. There were only men: Greeks, Romans, barbarians, Syrians, and so on.
This stands in obvious opposition to universal, cosmopolitan ‘man’.”
So it’s Heraclitus versus Voltaire – even as “humanism” as
we inherited it from the Enlightenment, is de facto over. .. What we have now is also a
remastered version of sea power versus land powers. Relentless Russophobia is paired
with supreme fear of a Russia-Germany rapprochement – as Bismarck wanted, and
as Putin
and Merkel recently hinted at. The supreme
nightmare for the U.S. is in fact a truly Eurasian Beijing-Berlin-Moscow
partnership.
The Belt
and Road Initiative (BRI) has not even begun; according to the official Beijing
timetable, we’re still in the planning phase. Implementation starts next year.
The horizon is 2039.
This is China
playing a long-distance game of go on steroids, incrementally making the best strategic decisions (allowing
for margins of error, of course) to render the opponent powerless as he does
not even realize he is under attack.
On
sprawling, superimposed levels, the Russia-China partnership is on a roll;
recent examples include summits in Singapore,
Astana and St. Petersburg; the SCO summit in
Qingdao; and the BRICS
Plus summit.
Were the European peninsula of Asia to fully integrate
before mid-century – via high-speed rail, fiber optics, pipelines – into the
heart of massive, sprawling Eurasia, it’s game over. No wonder
Exceptionalistan elites are starting to get the feeling of a silk rope
drawn ever so softly, squeezing their gentle throats.
…
…
SOURCE: https://www.zerohedge.com/news/2018-08-31/escobar-get-ready-major-geopolitical-chessboard-rumble
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"They
need to get all the major stakeholders, the best economists, to find a
solution. But not the IMF, or outsiders. They’ll only make the country take on
more debt. "
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"The North Koreans are no dummies: they know a regime change operation when they see one. As
they watch our Deep State go after a democratically elected President whose
hopes for peace complement their own, the North Koreans are waiting to see if Trump survives."
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SPUTNIK and RT SHOWS
US inside GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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RT SHOWS
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NOTICIAS IN SPANISH
Lat Am NEW FOCUS: alternat to neo-fascist regimes, breaks to
HR, Peace & support to US-terrorism
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
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UK: Syrian Terrorists Can’t Possibly Be
Planning Chemical Weapons False Flag, Because Russia Said They Are By Caitlin Johnstone Continue
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Can War Be Avoided and the Planet Saved? By Paul Craig Roberts Continue
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Trump Threatens WTO By Peter Koenig and Press TV Continue
What Trump is attempting to do is dividing the world,
breaking up alliances
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Big govt Corp, EU social dems & tax-cutting Reps are
dismantling US New Deal once and for all.
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"Absolutely Repulsive": After $1.5
Trillion Tax Giveaway to the Rich, Trump Cancels Modest Pay Raise for Federal
Workers By Jake Johnson Continue
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Exposing the Giants: The Global Power Elite By Robert J Burrowes Continue
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U.S.-backed Attempted Coup In Nicaragua By Lee Camp Continue
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VIPS Tells Media Support for Brennan is Not
Unanimous By Vet Intell Profes for Sanity VIPS
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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DEMOCRACY NOW
Focus on Trump policies & the Econ & Pol crisis he
creates
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PRESS TV
Resume of Global News described by Iranian observers..
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