ND JUL 6
19 SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Eco
Sorry
for those who suffer the panic from this trembor
I do
suffer this panic in Peru several time..when it go above
7.5 we
called terremoto. Earth quake That is dangeropus, it
destroy
houses and cut electricity cords in streets. I t also
Breaks
water reservoir’s (dumbs) an all this mean death.
Sorry
anyway for the panic. Hugo Adan
….
ZERO
HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
"The
rich have gotten richer and
they’ve gotten richer faster. The drive or the desire for
consumption has just gone upscale."
by Tyler Durden Sat, 07/06/2019
On July 1, many - us
included - wrote lengthy articles, pointing out that the longest US economic expansion in history is now a fact.
See Chart:
Duration
of US Business cycles (in Months)
Sadly, when
peeling back the layers of the centrally-planned onion, the reality
is far less euphoric, and as Reuters writes today, this historic expansion -
mostly of asset prices - achieved just one thing: it made the rich richer while crushing the middle
class, with Reuters reporting
that the number of billionaires in the United States
has more than doubled in the last decade, from 267 in 2008 to 607 last year.
John Mathews, Head of Private
Wealth Management and Ultra High Net Worth at UBS said: “The rich have gotten richer and
they’ve gotten richer faster. The drive or the desire for consumption has just
gone upscale.”
At the same time, the signs of struggle and stagnation for lower income
levels have also been presenting themselves. The
wealthiest 20% of Americans hold 88% of the country's wealth, a share that has
grown since before the crisis. On the other end of the spectrum, "the number of people receiving federal food stamps tops
39 million, below the peak in 2013 but still up 40% from 2008 even though the
country’s population has only grown about 8%" as the middle class was
crushed and as millions dropped out, and down, into the lower class.
See Chart:
Richer faster
However:
Federal Reserve Chairman Jerome Powell recently state: “The benefits of this long recovery are now reaching these
communities to a degree that has not been felt for many years. Many people who
in the past struggled to stay in the workforce are now getting an opportunity
to add new and better chapters to their life stories. All of this underscores
how important it is to sustain this expansion.”
We’re guessing Powell didn’t
read our
recent article about income inequality and the
decline of the middle class. It
includes these two charts that are so simple, even a Fed chair could understand
them.
See Chart:
….
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In
June, The Fed dumped Mortgage
Backed Securities at the fastest rate since the QE unwind started,
breaching its “up to” cap for the first time...
Where is the Fed’s
“U-Turn” that Wall Street promised us?
In June, the Fed shed Treasury securities at
the slower pace announced in its new
plan for QT, but it dumped Mortgage Backed Securities (MBS) at the fastest rate since the
QE unwind started,
breaching its “up to” cap for the first time. And it is experimenting
with the opposite of its QE-era “Operation Twist” – Operation Untwist?
Total assets at the Fed fell by $34 billion in June, as of the balance sheet for
the week ended July 3, released Friday afternoon. This includes $15 billion in
Treasury securities and a record $23 billion in MBS, for a total of $38
billion, less some other balance-sheet activities unrelated to the QE unwind.
This trimmed its total assets to $3.813 trillion, the lowest since September
2013. Since the beginning of the “balance sheet normalization” era, the Fed has
shed $648 billion. Since peak-QE in January 2015, it has shed $687 billion:
See Chart:
QE
Unwind at work: FED total assets
Treasury Runoff.
In June, three issues matured,
for a total of about $21 billion. The Treasury Department redeemed them and
paid the Fed for them. The Fed reinvested $6 billion of this money into new
Treasury securities but allowed $15 billion to roll off
without replacement. So the balance of Treasuries dropped by $15 billion, to
$2.095 trillion, the lowest since September 2013:
See Chart:
QE
Unwind at Work: FED Treasury Securities
Read these subtitles:
--Operation Untwist”
--Mortgage-Backed Securities
In
June, the balance of MBS fell by $23 billion to $1.533 trillion. This
was not only the biggest run-off since the QE unwind started but it also
exceeded the $20 billion cap – another first! In May,
the run-off had hit the cap of $20 billion for the first time, but didn’t
exceed it:
See Chart:
QE
Unwind at Work: FEDs MBS
The
action on MBS confirms that the Fed is eager to get rid of them as soon as
possible. Its new plan calls for getting rid of
all of them, even if it has to sell them outright if pass-through principal
payments slow down too much, as it said. Starting late this year, it will begin to replace MBS with Treasuries.
Meanwhile, the Fed is making hay while the sun shines – given the surge in
mortgage refis and pass-through principal payments and the prospect that when
mortgage rates snap back, this flow of pass-through principal payments slows
down.
Let me just throw this out there for us to kick around: The Fed has already accomplished more with its verbiage so
far this year than it had in the past when it cut rates all the way down to
zero and did trillions of dollars of QE. We’re already seeing the first
results. Here’s why. Read… The
Fed’s Stealth Stimulus Has Arrived
….
SOURCE: https://www.zerohedge.com/news/2019-07-06/forget-rates-fed-still-quantitative-tightening-record-pace
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You're
not crazy. The world
we now live in is...
READ THIS:
BIZARRO ECONOMICS
Evidence that the economy is
sliding into recession continues to mount.
GDP
is slowing. Earnings warnings issued by publicly-traded companies are at
a 13-year high. The most
reliable recession predictor of the past 50 years, an inverted US Treasury
curve, has been in place for the past quarter.
Yet the major stock indices hit
all-time highs earlier this week. And every one of the 38 assets in the
broad-based asset basket tracked by Deutsche Bank was up for the month of June
— something that has never
happened in the 150 years prior to 2019.
It has become all-too clear
that markets today are no longer driven by business fundamentals. Only central
bank-provided liquidity matters. As long as the flood of cheap credit continues
to flow (via rock-bottom/negative interest rates and purchase programs),
keeping cash-destroying companies alive and enabling record
share buybacks, all boats will rise.
BIZARRO ENERGY POLICY
Like it or not, our economy and
our way of life remains incredibly dependent on fossil fuels.
Given that, reason would
dictate we should treat our remaining — and finite — fossil energy deposits as
national treasures, to be put to the best and highest possible use, and
conserved as much as possible.
But in today’s bizarro world, we instead rush as fast as we can to
extract and burn as much as we can. At an economic loss.
It’s true that the decade-long
shale oil revolution has yielded a staggering amount of production from
America’s soils .The US accounted for 98%
of global oil production growth in 2018 and is on track to hit a
record 13.4 million barrels per day of production by the end of 2019.
But those volumes won’t last.
As we’ve carefully explained in our Crash
Course video chapter on Shale Oil, these shale basins are a short-lived
bonanza given their extreme exponential decay (85% of a shale well’s lifetime
output is extracted by year 3) and the fact that the most-promising plays have
already been drilled. What’s left is increasingly just dregs.
BIZARRO ENVIRONMENTAL DESTRUCTION
And if the above weren’t bad
enough, when we look at what we’re doing to the natural systems we depend on to
simply exist, the data is downright horrifying.
A full listing of recent
depressing scientific findings would read encyclopedic. So I’ll just stick to
the big picture: species extinction is happening at the highest rate ever,
short of a massive meteor slamming into the planet.
The world’s plants are
disappearing 500x faster than
they should. The global animal population has decreased
by 60% since 1970. The UN now predicts a million more species will go
extinct within the next few decades.
But in today’s bizarro world, there’s a perverted incentive to sacrifice
biological capital for financial capital.
ACTION
Read this article:
…
SOURCE:
https://www.zerohedge.com/news/2019-07-06/bizarro-world-herd-has-truly-gone-mad
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The
multi-year low for natural gas prices are likely to deal a further blow to the coal industry,
already caught in a death spiral...
Henry Hub prices spiked in the fourth quarter of 2018 due to
record levels of demand, cold weather, and historically low inventories. But prices remained elevated, over $4/MMBtu, for only
a brief period of time. Production continued to soar, so traders were not
overly concerned about market tightness.
In
March, prices continued to ease, and prices have eroded steadily in the
last few months. Prices dipped below $2.30/MMBtu recently, hovering in that
range for the first time in roughly three years. As recently as December, ‘prices were twice as high
as they are now’.
See Chart:
The gas rig count continues to decline, recently
falling to 173 in the last week of June, down from over 200 at the start of the
year.
Meanwhile, overseas gas
markets are also suffering from oversupply and low prices.
In Europe, too, gas markets are oversupplied. Higher volumes of LNG are
arriving on European shores at a time when Russia is hoping to defend market
share. “As two of the world’s largest gas producers,
Russia and the US are natural competitors in what seems to be a race to the
bottom, not only in the lucrative Asian market but now also in Europe. Both
countries have sent increasing amounts of gas to Europe despite the low price
environment,” Carlos Torres-Diaz, head of gas markets research at Rystad
Energy, said in a statement.
“Some US exporters are not covering their
operational costs. Nevertheless, US exports to Europe during the first five
months of 2019 increased by 6.9 Bcm versus the same period last year,” Torres-Diaz said.
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ETFs continue to take over every corner of
the capital markets...
….
What are the PRO vs.
CON of ETFS. We need the opinion of Michael Hudson and other socialist Economists: Richard Wolff .. the list is large..their op urgent We
need to know if they can be reformed and used by a Socialist State.
See Chart:
Why credit derivatives are losing their mojo?
….
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This is other reason why neolib-system is obsolete. Our return to gold
is urgent if & if
As was the case in 1929, the combination of the peak of the credit cycle coupled with
trade protectionism potentially pose a serious economic challenge to the post-Bretton Woods fiat currency system...
There are growing
signs that the global economic slowdown is for real. As was the case in
1929, the combination of the peak of the credit cycle coupled with trade
protectionism in the Smoot-Hawley Tariff Act are similar conditions to those of today and
potentially pose a serious economic challenge to the post-Bretton Woods fiat
currency system.
Therefore, we must consider the consequences if
monetary policy fails to contain the developing recession and it turns into a
full-blown slump. Complacency over broken markets is no
longer an option, with rising
prices for gold and bitcoin signalling the prospect of a new round of currency
debasement to avoid market distortions unwinding.
This article
shows why this outcome could undermine fiat currencies entirely and looks at
the alternatives of bitcoin and gold in this context.
Gold, the only money that
survives all
In all history, its rarity, desirability and chemical stability tell us
that gold is the most secure form of money. It is only in the advanced
economies in the West, where we have fallen for decades of government
propaganda that gold no longer has a monetary role, that people have forgotten
its proven qualities as the ultimate money.
It stands to reason that
as the purchasing-power of state-issued currencies is increasingly threatened
by over-issuance, the west’s collective amnesia will be replaced by a
reassessment of gold as the proven protection from collapsing fiat currencies.
CONCLUSION
It is very likely the recent
strength in both gold and bitcoin is linked to changing perceptions of risk to
the global economy. It has become increasingly clear in recent weeks that the
coincidence of the end of the expansionary phase of the credit cycle coinciding
with trade protectionism has damaged global trade very severely, and the
effects are now extending into domestic economies. This being the case, we can
expect a renewed acceleration of monetary inflation. While
supporting government finances through new bouts of quantitative easing, the
wealth-transfer effect of monetary inflation will increasingly undermine the
productive economy.
That is why gold and bitcoin prices could turn out
to be an early warning of an acceleration in the rate at which fiat currencies
will lose purchasing-power. If
leading nations through their central banks fail to protect their currencies,
then these two alternatives to fiat currencies will have only just started to
rise.
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
Home prices are up.. this
benefit the rich not common people. It’s part of neolib Econ
Sales in tech-heavy and ultra-expensive San
Mateo and Santa Clara counties plunged...
====
We need
the police.. but there are issues of misusing power.. business concern:right
If only they were homeless and shooting-up heroin
in the bathroom...
====
Chasing of speeding cars are
dangerous.. We must use high tech to cont-speed-runner
The state
of Indiana is still arguing that there
are virtually no eighth amendment limits on what it can seize using civil asset forfeiture...
…
Chasing speed
runners cost life, traffic jumps ++ They
don’t solve but worsen P
====
"Escobar's team has sought
interviews with 6,000 people who
were returned last month."
Texas Democratic Rep. Veronica
Escobar (D) has reportedly been sending staff members into the northern
border town of Ciudad Juárez to track down migrants ejected from the
United States under the "remain in mexico" policy, and coach them on
how to exploit a legal loophole that would allow them back into the USA.
Read
more at:
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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
“Reports
concerning [the nature of] Russia’s military presence in Venezuela have been
debunked many times.”
….
VEN & IRAN did
the right thing: get the support of RU. Syria too, but here are other countries
involve in the Issue Oil (ISR, Saudis, London) + Turkey + US Corp
====
Cue Trump tweet threatening "big mistake"
...
IRAN has the right to have their own nukes since ISR is a
threat (100+ Nukes). US has not right to
talk not get involved in this issue. But our business is WMD. Is it right to
sacrifice life of UIS soldiers in this stupid adventure? For T.. Yes
====
Deutsche
Bank our mirror in advance.
It’ll happen here too. Only Socialist State will solve Prob
Job cuts across Deutsche Bank are now
expected to total 18,000 to 20,000, while the size of the "bad banks"
has quietly grown from €50 billion to €80 billion.
….
Workers & some managers will work for a Socialist State. The
new bosses will be the middle financiers who are now against Trump Neol-policies.
The State will be controlled by the alliance of working classes elect-democ
with new rule
====
“Yes, we
need gun control; we need to
disarm our bureaucrats, then abolish the agencies.”
….
YES, we need to
de-throne many bosses in our FFAA & abolished some agenc. Penta-NATO
apparatus will be dismantle & new Institut will be created. Our National
Security will be in the hand of our armed civilian Nation.
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-AOC
Challenge Hits Twitter: US Netizens Mock Ocasio-Cortez Visit to CBP Border
Facilities More conservative distortion: more robust &
high her political stature
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
RT EN ESPAÑOL
- "Se producen cada 30 segundos": Más de 4.700 temblores se han registrado en California desde el jueves
- "¡Gracias, señor presidente!": Trump se lleva todo el mérito por el aumento "récord" de los tres índices de Wall Street
- La 'albiceleste', 3ª en la Copa América tras ganar a Chile y el juego desemboca en duro altercado entre Argentina y la Conmebol
- El fundador de Huawei dice que su sistema operativo es posiblemente mejor que los de Google y Apple
- Muestran cómo las ondas sísmicas se propagan por todo EE.UU. tras el terremoto de 7,1 en California A salir de CA, no hay otra
- VIDEO: Funcionaria es desalojada con violencia en México por denunciar actos de corrupción y luego recibe amenazas de muerte
- Atención humanitaria: centros médicos cubanos atienden a cientos de niños venezolanos gratis
- Keiser Report "La gran mayoría de la población vive en el 'Chernóbil' del riesgo financiero"
- El Zoom Mercosur-UE: ¿acuerdo envenenado?
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
-Trump
Orders More Suffering on Syrian Civilians. US-EU Supported Terrorists’ Control
of Oil and Gas Wells By Steven Sahiounie
-The
IMF and World Bank: Partners in Economic Backwardness By Prof Michael
Hudson and Bonnie Faulkner
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PRESS
TV
Resume of Global News described by Iranian observers..
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