ND MAY
21 19 SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
Trump's apparent (temporary) fold on Huawei sparked
buying euphoria at China's open, but things faded in the afternoon session...
See Chart:
US
equities ripped higher today, led by Small Caps and Nasdaq, but Nasdaq remains
red on the week (unable to erase yesterday's losses)... S&P and Nasdaq weak
into the close
See Chart:
NOTE - 6th day in a row of
panic-buy-the-f**king-cash-open (and a weak close again)
Volume
was very weak (SPY around 40% below average)...
A look
at S&P futures shows the ramp today looks very technical in nature, slowly
drifting higher to cover the pre-open drop from yesterday but unable to
accelerate beyond that...
Notably
Semis stocks only retraced around Fib 61.8% of the drop from yesterday's Huawei
headlines...
The
yield curve is flattening dramatically...
See Chart:
The
Dollar ended the day higher, almost erasing all of yesterday's losses (despite
a big spike lower as cable spiked higher on Brexit headlines)...
See Chart:
Finally,
a reminder that global money supply growth support is fading fast...
See Chart:
….
SOURCE:
https://www.zerohedge.com/news/2019-05-21/stocks-bounce-huawei-hope-trumps-home-sales-horror
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If you
want to understand how the economy is being transformed, look at the intersection of Big Tech, financialization
and the central state...
The two dynamics transforming the
economy--technology and financialization--are intertwined yet widely viewed as
unrelated. Critics and proponents of
each largely ignore the other dynamic: critics of institutionalized
fraud and other manifestations of financialization implicitly assume
the economy will return to some golden age if we get rid of financialization's
skims and scams.
They
are largely blind to the reality that the speed with which technology is transforming the economy is
increasing: there is no golden era to return to. The economy
they long for (strong unions, full employment, rising wages, declining
inequality, political bipartisanship, financial stability and security, etc.)
has already slid into the dustbin of history.
They are equally blind to the reality that the central
state they revere as the "solution" to financialization is itself the
source of wealth/power asymmetry and the
enforcer of Big Tech and Big Finance domination.
Proponents of technology
implicitly assume that financialization's skims and scams have no impact on
technology's golden promise of glorious advances which both enrich the few who
own the technology and free the many to enjoy robots doing their work and
endless entertainment (for a modest monthly fee, of course).
They
are largely blind to the inconvenient reality that replacing tens of millions of workers with robots and software means
there is no longer a mass-consumption economy for all the
technological wonders, as the supposed solution--Universal Basic Income
(UBI)--can't provide either paid work or enough income for the millions who
will be receiving UBI subsistence to borrow or spend enough to keep the
consumer economy afloat.
Financialization's
solution--creating more credit / debt-- simply insures that the UBI recipients
will be devoting much of their subsistence income to debt service rather than
tech toys.
In reality, both dynamics reinforce the disruptive
effects of the other on non-elites. Financialization concentrates wealth and political power in
the hands of those closest to the sources of cheap credit--central banks and
private-sector banks.
Financialization enables tech
companies to borrow billions on the cheap and use the money to buy back their
own shares, increasing the value and further concentrating ownership of the
most profitable tech companies.
With billions in profits and
credit (via selling low-yield bonds), giant tech corporations have the
wherewithal to invest in bleeding-edge technologies--and pay the top
researchers sums that cannot be matched by lesser firms.
Companies are faced with Andy Grove's famous summary
of technological change: adapt or die. As the chart below illustrates, companies in
virtually every sector are being forced to adopt technologies that reduce human
labor while increasing productivity. Those who fail to do so effectively enough
and soon enough will be outpaced by global competitors.
Unless of course the corporations have enough
capital to purchase political power: once
a corporation is powerful enough to buy regulatory moats and other forms of political
cover, they reap the monopolistic benefits of what analyst Simons Chase calls
the negative network effect: they "lock in" their
monopoly via regulatory capture and the enforcement of the state.
Consider network effects, the popular economic construct
applied to market concentration and increasing returns for strategies pursued
by some leading tech companies. This dynamic economic agent is also known as
demand side economies of scale.
W. Brian Arthur, the economist credited with first
developing the theory, described the condition of increasing returns as a game
of strategic positioning and building up a user base to the point where
"lock in" of dominant players occurs. Companies able to tap network
effects have been rewarded with huge valuations and highly defensible
businesses.
But what about negative network effects? What if the same
dynamic applies to the U.S.’s pay-to-play political industry where the
government promotes or approves of something through a policy, subsidy or
financial guarantee due to private sector influence. Benefits accrue only to
the purchaser of the network effects, and consumers, induced by the false
signal of large network size, ultimately suffer from asymmetric risk and
experience what I’m calling a loss of intangible net worth for each additional
member after the "bandwagon" wears off.
If this were the case, then you would see companies
experience rapid revenue growth (out of line with traditional asset leverage
models), executives accumulating huge fortunes and political campaign coffers
swelling.
But the most striking feature would be the anti-social
outcomes, the ones not available without the instant critical mass of
government-supported network effects, the ones that, at scale, monetize a
society’s intangible net worth.
In effect, the negative network effect generated
by America's pay-to-play political structure creates a winner take most economy in the tech sector that mirrors the the winner
take most dynamic of financialization.
Non-elites already live in a winner-take-most economy--a
reflection of asymmetrical concentrations of wealth and power in tech and
financial corporations. The
commoditization of credit and institutionalized fraud such as
corporate buybacks have served to strengthen the negative network
effect that arise from the unholy alliance of Big Tech and the central
state.
If you want to understand how
the economy is being transformed, look at the intersection of Big Tech,
financialization and the central state.
See
Figure 2 Figure N.1 has been
blocked
Technologies
by proportion of companies likely to adopt them
by 2022
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
PENTAGON
DECLARES VICTORY IN NON-WAR: IRAN FORCED TO PUT ATTACKS "ON
HOLD" This look like Orwellian lie: 2+2=5
"Threats" remain but US
build-up forced Iran to
"recalculate"
…
Victory in non-war
means “disamantle nukes”. Did we demand it to UN?
Iran placed nuke
attack on US? When? .. or just verbal attack? Big
difference
====
If there were any lingering doubts
about Huawei's role in the trade war...those have been put to rest.
…
[[GOD must not abuse his power
& doesn’t make doubts on Business-freedom for humans. If happens is not
God, is an impostor & terrorist ruler. We don’t need this “assumed god” any
longer. We should put to rest this pseudo-god. ]]
====
Zaba is
importantly not predicting that the
volcano is going to erupt soon, but simply stating that it does have the power to destroy humanity and
life as we know it...
….
This doesn’t
matter.. Our commander in chief of armed forces still want WW3 Do we plan to
blame Yellowstone eruption to our enemies in WW3?. It won’t matter either..
There won’t be people to tell the real story.
====
"entirely
frivolous”
….
Before and during WW2 Europeans use
to say: “The only good fascist is a death one” ..
There was nothing unreasonable nor frivolous in it. The nazi were criminal terrorists and the word “fascist” described that fact. Do we plan to terrorize the
world like the Germans of Hitler? If happens with WW3..
this will be worse.. the beginning in Irak, Libia & Syria say so. Then,
nothing wrong in blaming the new fascist in our country with that slogan.. That
may prevent the worse to happens again. Or
you really want WW3? If not, nothing to be worry .
----
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..."socialism"
has come to mean such different things
to so many different people...
….
What a
ridiculous imagination.. not even teenager fantasy: Trump leading the socialist
Rev in US and in the world.
Trump expropiating private bankers & big corp to pay the best health and
education for all (from kindergarten to universities) . Trump leading the war
for PEACE and dismantling the military industrial complex, especially those 6
big corp profiting from manufacturing WMD & promoting wars abroad. Trump
demanding immediate General UN Assembly to order the dismantle of nukes
worldwide starting with US-UK-France- Germany ,RU and China and immediately
disassemble the Nukes in Israel and South Arabia. For these socialist
initiatives Trump will deserve the nobel prize of peace. What else can a
puberty imagination could say on the Socialist Trump… I guess many other things.
----
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"On behalf of our hundreds of millions
of footwear consumers and hundreds of thousands of employees, we ask that you immediately stop this action..."
====
US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China,
RU, Iran search for State socialis+K-, D rest in limbo
It happens every Spring...
….
What happen every spring?
The chemical attacks on Syria with the help of UK and via Saudis
mercenaries ?.. Or the Chemicals given to Sadam Hussein to attack Iran.. There
are evidences on these attacks. What about ‘spring’ eviden?
====
"Sadly,
no amount of blood, money or time spent
in Afghanistan has been, or possibly will be, able to fashion it into a peaceful, united and democratic country..."
…..
We bomb afghanistan
for no reason other than the popi.. thlousands were killed with the excuse that
they given asylum to the top-saudi hitter. It was an excuse because we knew
that Saudi did not participate in 9/11 in NY & Penta. Other terrorist
Saudis were involved in that attack . Tthe US press- info said that the Saudis
that participate in 9/11 were given special plane to escape from our country.
Another US report said that 9/11 was a set up by US security agencies and the jihadist
hired by the royalties in Saudi Arabia. Common people in Afghanistan cannot explain
themselves what happens.. why they were bombed . Then they lost the sense of
life as we lost the sense of love when we are betray for our best partner. They
do not have hope for peace. We should take all our soldiers from Afghanistan
and from Irak. If don’t, they will kill them. It will be a big mistake hire
them as mercenaries in t fight agaist Iran
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SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION:
====
ALAI ORG
====
RT EN ESPAÑOL
- De un abrazo inesperado a tres horas de acusaciones: así fue el primer día de juicio contra Cristina Kirchner
- 'Adiós a las armas': el largo camino de exguerrilleros de la FARC en su regreso a la vida civil de Colombia
- Huawei lanza sus nuevos teléfonos 'Honor' con cuatro cámaras en medio de la guerra con Google y EE.UU.
- El jefe del Pentágono afirma que los "prudentes" pasos de EE.UU. contra Irán han "puesto en suspenso" los ataques contra estadounidenses
- "Acto indignante": Corea del Norte exige que EE.UU. le devuelva un barco de carga incautado
- La 'Tumba' del Pacífico: ¿qué es el "ataúd" nuclear que preocupa la ONU?
- Keiser Report "EE.UU. tiene capacidad para controlar todo Internet"
- Cartas sobre la mesa El caso Assange, ¿una lucha por la información libre?
----
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
-Do Iranian ‘Threats’ Signal Organized
U.S.-Israel Subterfuge? By
Gareth Porter
-Trump Administration Panicked Over Nothing By Daniel Larison
-UK Dirty Ops on Iran? By Finian Cunningham
-Israel's War Criminals In Their Own Words By Philip Giraldi
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
Patrick
Cockburn Trump
is Making the Same Mistakes the US Always Makes
Manuel
E. Yepe Maduro
Gives Trump a Lesson in Ethics and Morality
Jan
Oberg Trump’s Iran
Trap
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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
Amy Goodman’ team
-Detained,
Abused & Denied Medical Care: How Trump Immigration Policies Led to Child
Deaths at Border
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PRESS
TV
Resume of Global News described
by Iranian observers..
- Chinese airlines seek compensation from Boeing
- Venezuela’s Maduro urges military to ‘capture traitors’
- Russia, France, Germany: JCPOA must be saved
- Bill passed in NY to weaken Trump's pardon power
- US fighter jets intercept Russian bombers off Alaska
- 'No one can act instead of Palestinians at Bahrain confab’
- 'US sanctions amount to military conflict with Iran'
- ‘Saudis to execute 3 dissident clerics after Ramadan’
- House Democrats' calls for impeachment grow louder
- PROGRAMS
- DYING FROM INFECTIONS
- US Iran threats
- "Deal of the Century": economic workshop
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