ND
JUL 16 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
ROCKETMAN?
If Trump
is Tariff-Man, then Powell is Rocket-Man, sending
stocks to the moon Alice (but today his chatter could not hold markets green)
Trump tamped down stocks by raising concerns about the China
trade truce, Powell promised to save the world in a
speech in Paris... but it wasn't enough...
See Chart:
Trump vs. Powell
S&P broke a 5-day win streak but
Nasdaq was worst on the day with Trannies soaring
FANG Stocks appears to have hit the
wall again...
See Chart:
Treasury yields were up 2-3bps
across the curve today but 30Y remains lower (in yield) on the week...
See Chart:
The dollar surged back up near last
week's Powell comments levels...
See Chart:
Oil prices plummeted as positive
words from Pompeo on Iran derisked any geopol premium in crude...
See Chart:
Putin-Saudi Deal vs.
Pompeo Willing to talk with Iran
Finally, Deutsche is not Lehman, ok!
See Chart:
And 2019 is not 1998...
See Chart:
Trade accordingly
….
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Foreigners
just can't... won't stop selling US assets.
See Chart:
Foreign Holding Change In US
Corporate Stocks (US Bll)
See More interesting charts at
…
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"...there's no turning back from this
level."
Every time we’ve
reached this level in history, a
recession followed shortly thereafter.
As
Gluskin Sheff's David Rosenberg notes "there's
no turning back from this level."
See Chart:
Probability
of U.S Recession 12 months ahead
“Men, it has been well said, think in herds; it will be seen that they
go mad in herds, while they only recover their senses slowly, one by
one.” - Charles MacKay, Extraordinary Popular Delusions and the Madness of
Crowds
We have already experienced the longest economic expansion in history.
As Ron Stoeferle notes, the 12-mo
change in business activity by country "is looking very very worrisome."
See Chart:
We will
enter this next recession with the highest level of debt in history and a Fed
with very few bullets left in their gun.
See Chart:
So now must be
the ‘best time ever to buy stocks at all-time highs, when every
valuation reading points to a 50% decline’
Go for it baby!!! And don’t forget to buy on margin.
….
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This is tantamount to a huge
estate tax increase... And it’s one that primarily affects the middle class.
There seems to be an
unwritten rule with lawmakers that, every time they
create a terrible piece of legislation, they give it the most noble-sounding
name.
The USA
PATRIOT Act from 2001 was a great
example. It sounds great. Who wouldn’t love a law named for Patriots?
And yet that was easily among the
most freedom-killing laws ever passed in US history, giving the federal
government nearly unlimited authority to wage war and spy on its own people.
There are so many other examples–
the USA FREEDOM Act from
2015 (which renewed many of the worst provisions of the PATRIOT Act).
The new
SECURE Act will likely be no different.
If you haven’t heard of SECURE, it’s a new piece of
legislation aimed at ‘fixing’ the US retirement system.
SECURE stands for “Setting
Every Community Up for Retirement Enhancement”, which is pretty clever
when you think about it.
People want to associate their retirement with a word like
‘secure’. So even without knowing anything about the law, most people will
probably have good feelings about it based solely on the name.
But if you actually read the legislation, SECURE contains a
number of predictably terrible consequences.
For
starters, SECURE is a basically a gigantic tax increase. And it’s a tax
increase that will particularly affect your children when you pass away.
Under current law, you could leave your IRA to your children
in a fairly tax efficient way. That’s actually one of the nice things about an
IRA.
If your
kids inherit your IRA, they’re required to pay out a small portion of the funds
each year… and those distributions would be taxable income.
But the current rules only require tiny distributions; your
kids are allowed to stretch out the annual payouts over the course of their
lives, resulting in very minor taxation.
The new
rules completely eliminate this benefit.
Under the SECURE
Act, your kids would have ten years to pay out (and be
taxed on) the entire value of your retirement account.
This means that the annual payouts would be MUCH larger…
thus bumping your children up to a higher tax bracket… meaning that they’ll end
up paying much higher taxes on your retirement savings.
This is
tantamount to a huge estate tax increase. And it’s one that primarily affects
the middle class.
For wealthy people, retirement accounts typically only
comprise a small percentage of their assets. So this rule change won’t have
much of an impact.
But for the middle class,
retirement accounts are often one of the largest sources of their estates. And
this legislation will be a significant hit for them.
The US
House of Representatives already passed the SECURE Act. And just in case you’re about to start hating on
your least favorite political party, you should know that it was passed with
almost unanimous support from both parties.
It’s
currently in the Senate and seems likely to pass, so this is a reality to
prepare for.
PENSIONS
In related news, Congress also made some movement on the Rehabilitation for Multiemployer Pensions Act.
Sadly this one doesn’t have a catchy acronym. But in essence the legislation is their comical attempt to
address the multi-trillion dollar problem of unfunded pension plans in the Land
of the Free.
Moody’s Investor Service estimated last year that the total pension funding gap in the US is $4.4 trillion. A
few months ago the American Legislative Exchange Council estimated it at nearly
$6 trillion.
Bottom line, it’s a big number.
Pension
plans in the United States are currently guaranteed by a quasi-government
agency called the Pension Benefit Guarantee Corporation. PBGC
Problem is, the PBGC itself is
nearly insolvent and will run out of money in 2025. And its balance
sheet is trivial compared to the multi-trillion dollar pension problem.
So Congress came up with a solution: go into DEBT!
This raises an obvious
question: who would be insane enough to loan money to
an insolvent pension fund?
Clearly this plan is the work of genius.
If nothing else, these two laws point to an obvious
conclusion: it’s more important than ever to get your house in order when it
comes to retirement planning.
Pension funds aren’t going to be able to keep their
promises. Even Social Security, according to its own annual report, will run
out of money.
And even when you responsibly set aside your own money for
retirement, lawmakers will suddenly change the rules and impose a major tax
increase on the middle class.
Just imagine the things they’ll do if the Bolsheviks come to power next
year…
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"It’s easy when looking at
these trends to see that something big may be on the horizon, that
gold is on the verge of being re-monetized and a major shakeup to the world financial system is
imminent..."
Going through World
Gold Council numbers for Q1 2019 we get the following numbers. Just
over 7000 tonnes of gold for what I’m calling Eastern
BRI Bloc, those countries that are both accumulating gold in their
reserves and are important partners in China’s Belt and
Road Initiative (BRI). It’s impressive that they have added more than 3000
tonnes over the past six-plus years.
See Chart:
Official Gold Holdings Easter RU/
China BRI Block
What China is doing,
like Russia and the rest of the BRI Bloc, is they are
building gold reserves to build the confidence of the world for the day when
trust in the Western system fails. By having significant
gold ‘backing’ but without convertibility those countries today adding to their
rainy day funds will be the places capital will flow
towards to avoid the whirlwind.
That is
when the multi-polar world can be inaugurated.
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"Trump has had it!"
That analysis is
almost entirely nonsense. There is no
baseline silver/gold ratio. (The “16:1 ratio” is
an historical legacy from silver mining lobbying in the late 19th
century, a time of deflation, when farmers and miners
were trying to ease the money supply by inflating the price of silver with a
legislative link to gold.
See Chart:
The result
was “bimetallism,” an early form of QE. The ratio had nothing to do with
supply/demand, geology, or any other fundamental factor. Bimetallism failed and was replaced with
a strict gold standard in 1900).
This does not mean there is no correlation between gold and
silver prices. As Chart 1 below reveals, there is a moderately strong
correlation between the two. The coefficient of determination (expressed
as r2) is 0.9.
This means
that over 80% of the movement in the price of silver can be explained by
movements in the price of gold. The remaining silver price factors involve
industrial demand unrelated to gold prices.
See Chart:
Given the historically high correlation between gold and
silver price movements, and the recent lag in the silver rally, the analysis suggests that either
gold will fall sharply or silver will rally sharply.
Since I have articulated the case for continued strength in
gold prices, my expectation is that gold will continue to outpace silver.
Either
way, both metals are heading higher.
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
MISERIA POLITICA y ORWELLIAN
TERRORISM in the HOUSE
Trump to four progressive Democratic congresswomen. : “go back" and "fix the totally
broken and crime infested places from which they came."
Those words are not only “disgraceful, disgusting and racist” –DDR- as Nancy
Pelosi said, they really describe the type of person
we have as President. If he insulted that way to Congresswomen imagine what else could have
been done and/or expected to do on
common people of our nation.
Besides,
if this type of conduct is approved in the House, an institution that represent
our Nation, and approved with story tell that nobody can use the 3 words that
PELOSI used against a President (DDR), because is “divisive, dangerous, and a way of legitimizing
and “increased fear and hatred of new Americans and people of color"..
that is an “ORWELLIAN” type
of excuse to legitimize a real dictatorship and terrorism In our
Nation. What a
human-misery –to say the less- we have in our HOUSE.
IT IS
TRUMP WHO HAS A BROKEN AND CRIMINAL INFESTED MIND.
Case in point: his intention to start WW3 with Iran,
knowing that China & RU will respond in Iran favor; not to mention war
crimes in Syria and crimes against humanity against latino and migrants . That is a fascist
dictatorship at global scale.
We do not deserve a person with such language & the type of
political irresponsibility as President of our country.
THE LESS HE DESERVES IS IMPEACHMENT and the national pressure should go
in that direction. Now on: We need to org people Referendem in town and States,
and take streets and collect signatures for his impeachment. Enough is Enough: Not
more broken and criminal infested mind in the Presidency of the US!.
…
TRUMP NO ES AMERICANO, ES ANTI-AMERICANO.
ESTA CONTRA LOS MÁS SAGRADOS VALORES DE NUESTRA
NACIÓN.
BASTA YA y que SE VAYA lo más pronto
posible!.
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Como si
fuera poco lo de arriba.. las otras bacterias también acechan
Why are we suddenly seeing so
many cases of flesh-eating disease all along the east coast of the
United States?
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"To tolerate bigotry - racism in
this case - is to perpetuate it... He is clearly making racist
comments...The question becomes: What do we do about it?"
After the chaos of the last few hours, climaxing
in the House passing a resolution - largely along party lines - condemning
Trump for suggesting that four progressive freshman congresswomen of color
"go back" to their countries, Rep. Al Green (D-Texas) introduced, for
the third time in two years, articles of impeachment against President Trump.
The Texas congressman, who notified Democratic leaders of
his decision on Tuesday, said the House must impeach Trump for racist
remarks.
"What do you do when the
leader of the free world is a racist? What do you do? Well, here's what you do. You file a resolution condemning the
president for racist comments directed at members of Congress. What do you do? You file Articles of Impeachment,”
Green said.
"These two things are not mutually exclusive, we can do this
— condemn for the
comments who have been made — and we can do this, impeach for the harm that the
comments have done."
While this is Green's third attempt to impeach the
president, it is the first time since Democrats took control of the House.
"I think that we should not have this
level of bigotry emanating from the president of the United States of
America,"Green said in an
interview with
The Washington Post.
"He is clearly making racist comments...
The question becomes: What do we do about it?"
Green added:
"To tolerate
bigotry - racism in this case - is to perpetuate it. We should not perpetuate this kind of behavior coming from
the president, and if we don't check him, he will continue."
As
The Washington Post reports, Green's move will force House Democrats to deal with the issue in the
near term because of the privileged nature of the resolution.
If leaders do nothing, Green can force a vote on the impeachment articles in two legislative
days.
The move comes as more than 80 members of the House have
called for launching an impeachment inquiry, but the floor vote will also force all
House Democrats to go on the record about an issue where they have yet to reach
consensus.
However,
as NBC News notes, some Democratic leaders have resisted impeachment,
fearing that it would distract from the party's policy agenda, could rally Trump's base, isn't
popular with the public and is doomed to fail in the
Republican-controlled Senate.
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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
The
document "appeared to reveal the location of roughly 150 U.S. nuclear
weapons being stored in Europe..."
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The
similarities to Lehman are growing by the day.
….
We will have again and worse this
time
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Does BRITHSH DO WHAT AMERICAN ORDER? :
Britain
expresses desire to "avoid
escalation"... while building up forces.
….
Intimidation IS NOT GOING WORK.. it
help IRAN’ adjustment in the target
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Correa Claims Assange Meddled in US
Elections From London Embassy Se equivocan los que creen que Correa es Progresistas: Los enemigos de
JA son nuestros enemigos
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
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ALAI ORG
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RT en español
- Un reporte ligado a la OTAN menciona por accidente los escondites de armas nucleares de EE.UU. en Europa
- EE.UU. estudia "todas las opciones" para responder a la compra turca de los S-400 rusos
- Exdirector de Odebrecht revela que fue "casi obligado a construir un relato" en contra de Lula en el caso 'Lava Jato'
- Protestan en todo Ecuador contra recortes del Gobierno de Moreno y acuerdo con el FMI
- "Se necesitan dos para bailar el tango": Lavrov comenta el porvenir de las relaciones entre EE.UU. y Rusia
- Cámara de Representantes condena los comentarios racistas de Trump contra mujeres congresistas de EE.UU.
- La Luna queda envuelta en la sombra en un eclipse parcial
- Keiser Report "Estados Unidos le tiene un miedo atroz a la tecnología china"
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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
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PRESS TV
Resume of Global News described
by Iranian observers..
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