ND
AUG 23 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
EL
TITANIC SE HUNDE y no hubo botes para el pueblo.. los billonarios se los llevaron. Y si recurrimos al WW3 tampoco habrán BUNKERS para el
pueblo. El WW3 será un suicidio como Nación y a la vez grave delito
contra humanidad entera: genocidio mundial. Se querrá acusar a China pero eso
es absolutamente falso. Fue la incapacidad de Trump para negociar diplomatic..
Recuerdan como se originó todo? En vísperas del dialogo con China, Trump recurrió
al chantaje militar: envió misiles Taiwan. Eso no fue diplomacia, fue estupidez. Y si se ataca China, RU + anti NATO allies
responderán. Eso tengámoslo seguro. Del crash Econ tampoco tiene la culpa
Powell. Our Econ system is obsolete & our polit regime -full of war mongers- es totalmente inefficient. Si no los cambiamos –con golpe de Estado lead
by Supreme Cout- lo que viene es …...Dilo tu.
….
Jerome Powell's Jackson Hole speech was supposed to be the
most important even of an otherwise sleepy, August day, after which traders
could quietly exit for the rest of the day and commence drinking. It did not quite work out that way.
Not only did Powell's speech barely make the top 3 most
important events, but Friday ended up being an exercise in surreal market news flow,
and one of the biggest drops of 2019 to boot.
Powell's Jackson Hole speech was a big dud, and did not
reveal anything new (as even Trump figured out
when he blasted the Fed chief slamming "As usual,
the Fed did NOTHING!" and asking "who
is our bigger enemy, Jay Powell or Chairman Xi?"),
China shocked the market by unveiling that it would retaliate by slapping 10% tariffs on another $75BN
in US imports, which sent stocks sharply lower at first. Then, Powell's
remarks managed to somewhat stabilize sentiment, and the S&P almost
regained all losses... before all hell broke loose and in a vicious tirade, Trump first slammed Powell, effectively calling him an enemy
of the state", and then warned he would retaliate to China soon,
while ordering US companies (can a US president
dictate to companies what they can and can not do?) to find an
"alternative" to China.
The result was a violent slam lower in risk assets, with the S&P tumbling over 70 points, the Dow plunging
over 500 point, its 3rd such drop in the month of August, which has emerged as
the worst month for stocks since December 2018...
See Chart:
.. and the VIX soaring, just as
dealers had exited their "negative gamma" hedges, forcing them all to
load up on VIX futures all over again.
See Chart:
Every SECTOR was lower on
massive volume and wide breadth.
See Chart:
SECTORS
That said, not all hope was lost
because a margin-call induced puke in the last 30 minutes of trading found
support at the critical level of 2,834 below which the market simply will not
allowed to pass... for now.
See Chart:
Not surprisingly, as risk tumbled,
safe havens, soared, and as the 10Y yield tumbled...
See Chart:
Amid this wholesale panic out of
safe havens, there were two surprises. Not the surge in GOLD, which
exploded higher hitting a six and a half year high of $1,530...
See Chart:
.. what was big surprise was THE
PLUNGE IN THE DOLLAR - as traders feared that Trump would announce an
outright currency market intervention to devalue the greenback - however
as the yuan plunged too...
See Chart:
.. and even without an official
statement from Trump - we are still waiting for the mystery afternoon announcement
- the dollar index suffered its biggest one day drop in over a month.
See Chart:
There was not respite in commodities
either, with oil tumbling after China announced it would apply tariffs on US
oil imports, prompting traders to fear a drop in imminent collapse in global
oil demand by the world's largest oil importer.
See Chart:
What is most scary is that the day is not yet over, and we are now waiting with bated breath for the president to
deliver on his promise of unveiling some other mystery
response to China which he had not shared even with the Fed. As such, we
expect that the reason for the violent flush in the last 30 minutes of trading
had to do with traders wishing to be flat over a weekend, where any surreal development is now clearly possible.
Stay tuned.
….
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"In
the longer term, we need to change the game. When change comes, it shouldn’t be
to swap one currency hegemon for another."
Goldman banker and current (outgoing) BOE governor, Mark Carney, who in his lunchtime
address laid out a shocking, radical proposal - perhaps the most
stunning thing to ever be unveiled at Jackson Hole - urging
to replace the US Dollar with a "Libra-like" reserve currency in a
dramatic revamp of the global monetary, financial and economic order.
While it was unclear if Carney was focusing on Libra as the
new reserve currency, or simply was hoping to find something against which the
dollar could be devalued, the proposal was clearly shocking as it suggests that
the central bank quiet acceptance of crypto-currencies (especially in Japan)
has been what many have speculated all along: a
"currency" against which fiat money can be devalued in hopes of
sparking fiat hyperinflation that inflates away record amounts of fiat debt.
Carney's proposal comes just a few months before he's due to
step down from his position leading the Bank of England.
Speaking to fellow policy makers and academics at Jackson Hole, Wyoming, he said that in the short term central
bankers must deal with the situation as it is. But he also warned that “blithe acceptance of the status quo is misguided,” and
dramatic steps will ultimately be needed. It's what he said next
that was stunning:
"In the longer term, we need to change
the game," Carney
said. "When change comes, it
shouldn’t be to swap one currency hegemon for another."
Which means that the only practical alternative is a central bank endorsed cryptocurrency, or - wait for it - gold.
In light of this shocking capitulation by a member of the
central bank establishment, we leave you with some levity, as the alternative
is simply dire, and what happens next as the fiat world
unwinds - or devalues against some non-fiat construct - will be very unpleasant for all those who are unprepared and
had believed that central bankers actually know what they are doing.
….
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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
El pirataje ilegal está cerca a su final. Muchos sabemos cuál es y que el US
va pagar
Starting on
October 1st, the 250 BILLION DOLLARS of goods and products from China,
currently being taxed at 25%, will be taxed at 30%. Additionally, the
remaining 300 BILLION DOLLARS of goods and products from China, that was being
taxed from September 1st at 10%, will now be taxed at 15%.
RELATED:
The farm
crisis is spreading.
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"This
is the most appalling kowtow to Peking..."
"The
third quarter could be even worse..."
====
We're sure
all of the Instagram influencers posting about the wildfires in the Amazon will
soon post about these other fires, too...right?
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
-China
Imposes New Tariffs Starting September 1 Tit for Tat : una por otra
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
ALAI ORG
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RT EN
ESPAÑOL
- El Dow Jones cierra con una pérdida de más de 600 puntos a medida que aumenta la guerra comercial con China
- El Gobierno de Brasil afirma que los incendios en la Amazonia "no están fuera de control"
- Incendios en la Amazonia: "Los invasores de tierras usan el fuego para dar cabida a negocios ilícitos"
- Putin ordena una respuesta "exhaustiva" a la prueba de un misil de crucero por EE.UU.
- Bolsonaro: los incendios en la Amazonía no justifican sanciones internacion
- Científico NASA contradice a Bolsonaro sobre causa de incendios en la Amaz
- El impacto medioambiental del incendio en la Amazonía
- Doble rasero?: La élite defiende la vida ecológica sin renunciar a sus lujos
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-US officials confirm Israel attack on Iraq By Al Jazeera
-The White-Nationalist Great Fear By David Rosen
-U.S. No Longer Dominant Power in the Pacific By Paul D. Shinkman
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Andrew Levine Recession
Now, Please
Pete Dolack Realism
and Unrealism of the Green New Deals
Josue De Luna Navarro What
It’s Like to Grow Up Hunted
Rev. William Alberts Beware
of the Gun-Lover-in-Chief
Helder F. do Vale Brazil:
From Global Leader to U.S. Lapdog
Jim Goodman Farmers
Need a Bill of Rights
Daphne Wysham Saving
the Planet Means Fighting Bipartisan Corruption
Tierra Curry Amazon
Fires Put the Planet at Risk
John W. Whitehead American
Apocalypse
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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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