ND
AUG 17 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
"The
experiments of central banks with negative rates are viewed more as a policy
mistake rather than stimulus and create a sense of an abnormal and uncertain
environment that damages not only banks but also consumer and business
confidence."
In Figure 2 one can see the spread of negative rates
both in space and in time. As JPMorgan shows, the
spectrum of negative yielding universe expanded this year not only from
shorter duration to longer duration government bonds but also down
the risk spectrum from core Euro area government bonds to bonds issued by
Peripheral countries as shown below.
See Figure 2
Yield across different maturity buckets
within GBI Broad Index
So now that there is a new record amount of
negative-yielding debt, it is time revisit these unintended consequences below:
1-Lower Bank Profitability
2-Reduced rather than increased credit creation to the real economy
3-Higher rather than lower bank lending rates
4-Higher rather than lower savings rates
by households and non-financial corporates
5- Impaired
functioning of money markets
6-Reduced liquidity in bond markets
7.
Increased rather than reduced fragmentation
See Chart
8-Lower bond yields increase pension fund and
insurance company deficits putting pressure on pension funds to match assets
and liabilities. See 3 Charts
9- More
income and wealth inequality as households and small businesses fail to benefit
or are even hurt from negative rates
10-Central banks are trapped.
11. The
death of creative destruction and the zombification of corporations
12. QE could exacerbate so called “currency
wars”.
Panigirtzoglou goes one further, and in debunking a rather
vocal financial troll who somehow has a prime time presence on financial TV and
media, says that according to conversations with clients "the experiments of central
banks with negative rates are viewed more as a policy mistake rather than
stimulus and create a sense of an abnormal and uncertain environment that
damages not only banks but also consumer and business confidence."
It is this sense of abnormality and uncertainty that makes businesses and consumers less rather than more keen to spend
and banks more rather than less averse to taking risk and extending credit to
the real economy.
Which is also why if and when negative rates are adopted by
every central bank in the world, the consequences for
society, for the economy, and for capital markets will be nothing short of
catastrophic.
….
SOURCE: https://www.zerohedge.com/news/2019-08-17/12-reasons-why-negative-rates-will-devastate-world
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Called ‘Fed-Now‘, the system would be an RTGS run service
designed to initiate faster payments...enabling
central banks throughout the world, to move in and claim hegemony over
the next generation of global digital payment systems.
….
IF ‘All purchases would be electronic‘ this article does NOT
explain in detail the transition from current cash to electronic money: does
the current money will have the same value once it is digitalized. Do we have
to transfer the monthly money we have in our safer to the ‘Fed-Now’ system?
If the plan is to liquidate the current USD: Why don’t we keep it and supported with the Gold
we have in National vaults at a set convenient value only
for Americans from middle classes & labor?..so they will be
protected & accommodated to such ‘Fed-Now’ system.
Otherwise this plan will only benefit to billionaires
who have most of the cash in USD even when they converted to gold most of their
riches during good time for gold.
MY PROPOSAL is to protect all those who possessed: A- less the 200Th USD inverted in their small business
& 100th in cash inside
their safer. B- 200Mll invested in the
production sector (not speculation in WS). These’re the upper Mid-Class.
WE WILL NOT ALLOW THE CONVERSION OF POOR
MIDDLE CLASSES INTO SLAVERS OF FED/NOW PREDATORY
BANKERS!. This is
1 more reason to PREPARE A SOCIALIST REVOLUTION
….
Part way
through delivering a press conference following the Federal Reserve’s first
rate cut since December 2008, chairman Jerome Powell let it be known that the
central bank was ‘looking carefully‘ at developing a new faster payments
system.
Less than a week after the rate cut, the Fed announced that
they were planning to devise a new ‘round-the-clock real-time payment and
settlement service.’ Called
‘FedNow‘, the system would be an RTGS run service designed to
initiate faster payments.
Of greater interest than superficial benefits, however, is
the motivation behind what the Fed are seeking to achieve with ‘FedNow‘.
Brainard was equally as explanatory in this regard.
We learned from her speech four key bits of
information.
Firstly, fintech
companies are openly supportive of the Fed’s new system. These are companies
that are part of an industry that has pioneered the creation of distributed
ledger technology.
Secondly, the planned
implementation for either 2023 or 2024 is not a fixed objective. More important
to the Fed is the goal of achieving ‘nationwide access for all‘, meaning that their overarching aim is
for ‘FedNow‘ and private sector payment services to work in conjunction (or, as
Brainard put it, to ‘interoperate by exchanging payments among services directly).
Thirdly, Brainard told
us that no one private sector provider of a U.S. payment system has ever been
able to establish nationwide reach by itself. Nationwide coverage would have to
encompass the many thousands of small and medium sized banks. Hence why the Fed
are now making a determined move to utilise private sector technology and
incorporate it into their own system. I would contend that the Fed’s goal is to
achieve full spectrum control of America’s payment infrastructure, with all
digital transactions falling under their jurisdiction. ‘FedNow‘ would be the
mechanism in making this happen.
Fourthly, as Brainard
laid out, the path that the Fed are embracing is not one of ‘incremental‘ change. Rather, it is of ‘transformative‘ change. I would take this to mean that the
infrastructure underpinning current payment systems must be overhauled to allow for the implementation of fintech devised
technology.
An accompanying
list of FAQ’s lent credence to the understanding that fintech is
central to the construction of ‘FedNow‘. Here, the Fed
expounded that the market for faster payments in the U.S. remains in the ‘early stages‘.
‘FedNow’ would provide the necessary universal
infrastructure that the Fed are seeking, and allow banks of all description to
offer real-time payments.
Undoubtedly this presents an opportunity for the
Fed, and indeed central banks throughout the world, to move in and claim
hegemony over the next generation of global digital payment systems. But they, along with the Bank for International
Settlements and the International Monetary Fund that preside over them, cannot
do this by themselves. This is where the private sector comes in, for it is
here where the expertise and technological innovation is found.
Within the FAQ’s it is also stated that the ‘FedNow‘
service would ‘operate
alongside private sector RTGS services for faster payments‘. BUT,
Prior to the announcement of the new system, the
Federal Reserve board had come to the conclusion that
private sector RTGS services ‘cannot be expected to provide an infrastructure
with reasonable effectiveness, scope and equity alone.’
Once this
has been achieved, the next logical step for central banks is to complete the
process of digitising all financial assets through the issuance of central bank
digital currency. And as BIS general
manager Agustin Carstens warned back in March 2019,
THIS WOULD MEAN THAT PEOPLE WOULD NO LONGER HAVE THE OPTION OF PAYING
WITH CASH. ‘All purchases would be electronic‘.
In a follow up
article I will be exploring how China is proving to be
the test bed for fintech innovation.
…
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
El delito mayor del financista de Dems & Reps fue
el trafico de ninios para abuso sex
Unfortunately, pedophilia and human
trafficking is all too common among those in power. Sadly, however, those
who attempt to draw attention to this problem are labeled as conspiracy
nuts or perpetrators of fake news.
….
La corrupción de
los billonarios no tiene límites: cubre política sexo y guerra
====
Dude just
broke through a bus window and sprayed
mace on them from the inside..
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...taking guns away from law
abiding people does not change the way potentially dangerous people
feel.If they want to hurt someone, they
will find a way.
….
You cannot kill the immoral either. The
inmoral belong to a society pregnant with violence, wars & cruel oppression.
In a way, they are victims of a social context. To legislate on them we have to
change that social context first. Then we will be morality qualify to legislate
on them. You cannot blame the gun for their acts. On guns the Constitution
already said what is right and what is wrong. You cannot kill the Constitution
to cover up your sense of “morality”
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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
Despite no
official diplomatic relations, UAE and Israel could share intelligence and
embark on military cooperation.
….
For Iran
doesn’t matter the secret plan of attack from US-NATO allies.. as long as they
have the support of RU-China and allies. RU made clear that Iran belongs to the satellite system of quick automatic response
if attacked with nukes. Chjina said nothing, but is ready to respond for obvious reasons.
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Trump has been clear "he
wants to bring the troops home" — admin official
….
Dids count, not promises from Potus.
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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
RT EN
ESPAÑOL
- EE.UU.: violencia durante manifestaciones simultáneas 'antifa' y de derecha en Portland (VIDEOS)
- Pekín y Pionyang se comprometen a fortalecer sus lazos militares
- Ivanka Trump visitará Colombia en septiembre para apoyar a las mujeres
- La vuelta al mundo en siete días de instantáneas espectaculares
- Keiser Report "Hoy tenemos un sistema global de regresión infinita"
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PRESS TV
Resume of Global News described by Iranian observers..
Tip of
iceberg Epstein
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