ND AUG 5
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
IN THE MID OF WORLD CRISIS CHINA SUCCEDED
Global markets breathed a sigh of
relief when the PBOC announced that it would fix the yuan slightly stronger
than expected, suggesting it isn't rushing to retaliate to the US declaration
of China as a currency manipulator.
See
Chart:
….
SOURCE:
https://www.zerohedge.com/news/2019-08-05/yuan-futures-surge-after-pboc-fix-stronger-expected
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With
global debt now exceeding $250 trillion, up 60% since the Crisis began, and $13
trillion of sovereign debt with negative yields, it is clear to all rational thinking individuals the next financial
crisis will make 2008 look like a walk in the park... We are approaching the eleventh anniversary
of this crisis period, with possibly a decade to go before a resolution.
As I was thinking about what confluence of economic factors might ignite the next bloody phase of this Fourth
Turning, I realized economic factors have
been the underlying cause of all four Crisis periods in American history.
See Chart:
Debt
Levels after global financial crisis as % of GDP
After campaigning as if he would be a fiscally
responsible president, Trump has been a disappointment regarding the budget. His “best economy ever” is nothing but a
government spending driven, low interest rate, stock market boosting bubble. After
promising to eliminate the debt during the campaign and railing against the low
interest rate driven stock market bubble, Trump and the Republicans have added
$2 trillion to the national debt, thus far.
The original projection for
FY19 was around an $800 billion deficit, but the economy is “booming” so much,
it will now reach at least $1.1 trillion. The rate of
growth in the debt is outpacing the rate of growth of GDP, therefore we are
regressing fiscally. Pointing this out is considered traitorous among Trump can
do no wrong acolytes.
See Chart:
BPC’s
Deficit Tracker
The president and congress no longer even pretend to
be fiscally responsible. They didn’t even pretend to try and pay
for the increased spending. Trump’s tax cuts were sold as a way to have
mega-corporations repatriate hundreds of billions from overseas and
reinvigorate the economy with a surge in job creation.
With half the working public
already paying little or no taxes, the tax cuts heavily
favored the .1% and put $200 billion more into the coffers of the biggest
corporations with the most powerful lobbyists. So, the politicians keep
spending more on the military industrial complex and corporate
tax revenues have plunged by two thirds, which will leave us with a $1.3
trillion deficit next year, even if we don’t fall into recession.
See Chart:
The three previous American Fourth Turnings were all
initiated by economic issues.
The Civil War is commonly seen as a conflict only over slavery, but there
was a huge economic component to the war. The industrial revolution
in the North, during the first few decades of the 19th century, brought about a
machine age urban economy that relied on wage laborers, not slaves. At the same
time, the warmer Southern states continued to rely on slaves for their rural
farming economy and cotton production. In 1805 there were just over one million
slaves worth about $300 million; fifty-five years later there were four million
slaves worth close to $3 billion.
The industrial power of the
North virtually insured victory, the longer the conflict extended. This may
explain Lee’s aggressiveness in trying to strike a knockout blow during the
early years of the war. The clear delineation of states
based on their beliefs in 1860 sure resonates today when you view how the
country voted in 2016. Will the drastic discrepancy in beliefs about how to
govern this country lead to a similar outcome?
See Map 2016 Elections
Previous
recession
The politicians in Washington
exacerbated the recession and created the Great Depression by trying to reverse
the economic cycle. The Smoot-Hawley Tariff Act raised American tariffs to
unparalleled levels, virtually closing our borders to foreign goods. American
exports fell from $5.5 billion in 1929 to $1.7 billion in 1932. Our main
exports were agricultural. The main creditors of American farmers were rural
banks.
When agriculture collapsed, the rural banks
closed their doors collapsed.
Some
2,000 banks, with deposit liabilities of over $1.5 billion, closed their doors
between August 1931, and February 1932. The whole nation, in fact, the whole
world, fell into the cataclysm of despair and depression in 1931. American
unemployment jumped to more than 8 million and continued to rise. Economic
conditions collapsed and unemployment in 1932 surged to over 12 million. Again,
politicians spewed happy talk as the situation worsened.
“While the crash
only took place six months ago, I am convinced we have now passed through the
worst — and with continued unity of effort we shall rapidly recover. There has
been no significant bank or industrial failure. That danger, too, is safely
behind us.”– Herbert Hoover, President
of the United States, May 1, 1930
Three years later a new president closed all the
banks and confiscated gold from American citizens.
The global trade contraction exacerbated the mistrust and anger building
throughout the world. Tariffs and counter-tariffs made the Great Depression
greater than it had to be. The protectionist policies of countries around the
globe denied key raw materials to countries dependent upon imports.
In Part Two of this
article I’ll ponder how the coming years will play out, based upon the dynamics
of Fourth Turnings.
….
SOURCE: https://www.zerohedge.com/news/2019-08-05/heading-towards-waterfall-fourth-turning-economics
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"You can't say the dollar is strong when
it's lost $30 against gold in one trading day. Gold tells you we have a weak dollar."
====
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
DEATH PENALTY DOES NOT SOLVE THE PROBLEM of hate & mass murders
Trump directs DOJ to ensure hate crimes
and mass murderers would face execution in a swift process.
….
Hate is created by war
environment.. that creates violence +press video game. To solve ‘hate’ we had
to stop US war abroad & manufacture of WMD + nukes and related Missiles.
The Corp profiteering from this evilness (Mil-Ind-Complx) must be prosecuted. A
new culture of PEACE must be promoted.
Mass murder has been executed
for year in the US: it didn’t solve the problem
We must create more special prison for them and/or keep excommunicated for
long term until psychiatric text decided so.
Pres.Trump’ statement on both issues has only
political-electoral intentions.
====
“...government will use the violence... as an
excuse for more militarization, more surveillance, more violations of civil
liberties - and a lot of people are going to welcome these things
because they are afraid,”
====
Listen the PHARMA complain on
medicare for all
The 2013
"Lie of the Year" was Barack
Obama's false claim, "If you
like your health care plan, you can keep it." Millions of
Democrats found that out the hard way... The "Lie of the Year" for 2019 will be, "If you like your Medicare, you can
keep it."
====
Time for Satire?
There is one loophole Trump could
exploit to get around the fund’s constraints and bypass Congress altogether: by
declaring FX intervention a "national emergency."
====
Energy
if war cut it:
====
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
Global markets breathed a sigh of
relief when the PBOC announced that it would fix the yuan slightly stronger
than expected, suggesting it isn't rushing to retaliate to the US declaration
of China as a currency manipulator.
See Chart:
….
SOURCE:
https://www.zerohedge.com/news/2019-08-05/yuan-futures-surge-after-pboc-fix-stronger-expected
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Big speculators: the winner of
Current world Econ Crisis
Dow futures
are down over 650 points from the cash close,
UST 10Y yields are down 5bps to a stunning 1.67%, and Yuan has plunged to a
fresh record 7.1350... investors are suddenly demanding more rate-cuts...
….
Wrong data on China, but confusion & intention of
stupid speculators is clear
====
US Trade war with China .. from
worse to the worse. Stop this stupid xenophobia!
"This
pattern of actions is also a violation
of China’s G20 commitments to refrain from competitive devaluation."
====
Does we will call India
CURRENCY MANIPULATOR of the year too?
"The worries over the political
situation in Kashmir and the yuan depreciation are weighing on the
currency."
====
Global markets breathed a sigh of
relief when the PBOC announced that it would fix the yuan slightly stronger
than expected, suggesting it isn't rushing to retaliate to the US declaration
of China as a currency manipulator.
====
The now 18-year-old quagmire in
Afghanistan is raising serious questions and once again, it appears that the civilians are taking the brunt of the hit
- not the ostensible enemy.
====
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
Irán: Halcones sobre Ormuz Guadi Calvo
====
ALAI ORG
México De las mañaneras y sus alcances
Eduardo Ibarra
VEN: Izquierda venezolana Juan , Javier y Hector
VEN: Izquierda venezolana Juan , Javier y Hector
====
RT EN ESPAÑOL
- Trump redobla la presión contra Caracas y congela activos del Gobierno de Venezuela en EE.UU.
- Ebrard sobre la masacre en El Paso: "Es un acto de terrorismo contra los mexicanos"
- ¿Quiénes eran los ocho mexicanos que fallecieron tras el tiroteo en El Paso?
- China deja caer el yuan al nivel más bajo en la última década
- Putin: "Si se confirma que EE.UU. ha empezado a construir misiles de alcance medio y corto, Rusia hará lo mismo"
- China advierte que no se quedará de brazos cruzados si EE.UU. despliega misiles de medio alcance en Asia
- El Dow Jones se hunde casi 900 puntos por temor a una escalada en la guerra comercial entre EE.UU. y China
- China deja de comprar bienes agrícolas a EE.UU. y no descarta nuevos aranceles a productos estadounidenses
- US. llama a China "manipulador de divisa" tras la caída del yuan al nivel más bajo en la última década
- Trump insta a ejecutar "sin demoras" a los autores de tiroteos masivos
- La venta de armas legales en México aumenta un 35 % en el primer semestre del año
- Ven neutraliza dos avionetas cargadas de droga procedentes de Colombia
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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
-After
Dayton Shooting, Gun Violence Reporter Says Misogyny “Clear Link” Between Many
Mass Shootings
-Ex-FBI
Agent Speaks Out: Federal Authorities Have Downplayed White Supremacist
Violence for Too Long
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PRESS
TV
Resume of Global News described
by Iranian observers..
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