ND
NOV 30 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
Since the
start of the Fed's T-Bill purchases, the S&P500 is up on the 7 weeks when
the Fed's balance sheet also increased. It was down just once: the week when
the Fed's balance sheet declined.
After a month of constant verbal gymnastics by the Fed - and
its army of sycophants who can't think creatively or originally and merely
parrot their echo chamber in hopes of a blue checkmark and likes/retweets -
that the recent launch of $60 billion in T-Bill purchases is anything but QE
(whatever you do, don't call it "QE 4", just call it "NOT
QE" please), two weeks ago one bank finally had
the guts to say what was so obvious to anyone who isn't challenged by simple
logic: the Fed's "NOT
QE" is really "QE."
But was it QE? Well, in his October FOMC press conference,
Fed Chair Powell said "our T-bill purchases should not be confused with
the large-scale asset purchase program that we deployed after the financial
crisis. In contrast, purchasing Tbills should not materially affect demand and
supply for longer-term securities or financial conditions more broadly." Chair Powell also gave a succinct definition of QE as having
two basic elements:(1) supporting
longer-term security prices, and (2) easing financial conditions.
Here's the problem: as we have said since the beginning, and
as Bank of America wrote, "the Fed's T-bill purchase program delivers on both fronts and is
therefore similar to QE," with one
exception - the element of forward guidance.
The upshot to this attempt to mislead the market what it is
doing according to Bank of America, is that:
- the Fed is continuing to "ease" even though rate cuts are now on hold, which is supportive of growth, higher interest rates and higher equities, and
- the Fed is loosening financial conditions by increasing the availability of, and lowering the cost of, leverage, which broadly supports asset prices potentially at the cost of increasing systemic financial risk.
And while we have repeatedly argued why we think that,
stripped of all its semantic veneer, the Fed's latest asset purchase program
is, in fact, QE, BofA effectively confirmed why we are right.
Which brings up a tangential, if just as important question:
Why is the Fed so concerned about not signaling QE, and
why are so many Fed fanboys desperate to parrot whatever Powell is saying day
after day? Simply said, there are several reasons why the Fed is making
a great effort to let the world know that its security
purchases are not QE and are not reflective of any change in monetary policy
stance.
All of this, and more, we discussed previously in "One
Bank Finally Admits The Fed's "NOT QE" Is Indeed QE... And Could Lead
To Financial Collapse."
The reason we bring up this especially critical topic again
today, is because we now have almost two full months of
data since the start of NOT QE, which IS QE, and which conveniently
gives us a snapshot of how the market - not we, not Bank of America,
not pro or anti-Fed pundits - are responding to the expansion in the
Fed's balance sheet, which between repos, term repos, and permanent open market
operations, has grown by $293 billion in just under the past three months.
See Chart:
FED Reserve Balance Sheet
The simple answer is the following: whether one wants to
call it QE or not QE, ever since the Fed announced on
Oct 11 that it would start purchasing $60 billion in T-Bills each month until
"at least into the second quarter of 2020" - being careful to note
that "these actions are purely technical measures to support the
effective implementation of the FOMC's monetary policy, and do not represent a
change in the stance of monetary policy", i.e., this is not QE, the
Fed's balance sheet has grown for 7 out of 8 weeks.
The market's response? Just like during the POMO days of
QE1, QE2, Operation Twist, and QE3, stocks have risen on every single week when
the Fed's balance sheet increased, following the three weeks of declines that
led to the October 11 announcement. What about the one week when the Fed's balance sheet shrank? That was the
only week in the past two months since the launch of "NOT QE" when
the S&P dropped.
See Chart:
Weekly Change in S&P 500 vs, Weekly Change in FED Balance Sheet
One final point for all those who despite the above, will
still claim that just because the Fed is not purchasing coupon Treasuries, and
thus is not changing either the duration of securities in the open market or
investor risk preference, it is not, not, not QE, here is a snippet of what
JPMorgan's Nikolaos Panagirtzoglou wrote in his latest Flows and Liquidity
newsletter:
... we see the Fed likely to conduct some of
its balance sheet expansion next year via Treasuries.
Translation: some time in 2020, the
Fed will stop pretending it is "NOT" QE.
Case closed.
….
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The US dollar is itself just
another tool of the banking cabal, and tools sometimes lose their
usefulness over time...
====
US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
...what could go wrong?
====
THE WAR for PEACE HAS STARTED:
Tulsi Gabbard is our candidate for 2020 election
It doesn’t matter the Party-name & the partner she
adopted in her campaign
Hugo Adan Nov 30-2019
Our mission is to serve the
Public Need, not the Private Greed .
We deserve a NEW AMERICA free of wars
TULSI is a real candidate for this mission.
The bipartisan War Party
has done its best to wreck America and plenty of other nations
too. Gabbard is courageously
challenging the Democrats in this coalition, who have become complicit in
Washington’s criminal wars...
“HOW is Tulsi distinguishing
herself from the rest of candidates?
What really matters to her?”
The
answer is FOREIGN POLICY “REALLY MATTERS” since we’re at risk of WW3
HERE selected extracts from:
“TULSI
GABBARD: WAKE UP AND SMELL OUR $6.4 TRILLION WARS”
“Gabbard recognizes that George W. Bush is not the only
simpleton warmonger who’s plunged the nation into conflict, causing enormous
harm. In the last Democratic presidential debate, she explained that the issue was “personal
to me” since she’d “served in a medical unit where every single day, I saw the
terribly high, human costs of war.” Compare
her perspective to that of the ivory tower warriors of Right and Left, ever
ready to send others off to fight not so grand crusades.
“The best
estimate of the costs of the post-9/11 wars comes from the Watson Institute for International and Public Affairs at Brown
University. The Institute says that $6.4 trillion will
be spent through 2020. They estimate that our wars have killed 801,000 directly and resulted in
a multiple of that number dead indirectly. More than
335,000 civilians have died—and that’s an extremely conservative guess.
Some 21 million people have been forced out from their
homes. Yet the terrorism risk has only grown, with the U.S. military
involved “ in counter-terrorism” in 80 nations.
Obviously, without
American involvement there would still be conflicts. Some
counter-terrorism activities would be necessary even if the U.S. was not
constantly swatting geopolitical wasps’ nests. Nevertheless, it was Washington that started or joined these unnecessary
wars (e.g., Iraq, Libya, Syria, and Yemen) and expanded necessary wars
well beyond their legitimate purposes (Afghanistan).
As a result, AMERICAN POLICYMAKERS BEAR RESPONSIBILITY
FOR MUCH OF THE CARNAGE.”
Continue reading about the human costs of war and think
about WHAT TO DO IF TULSI IS PREVENTED TO RUN IN
ELECTION 2020?.
My suggestion is:
1-Of course the 1st
option is to continue the impeachment of Trump who has to be accused of crimes
against humanity (migrant kids &
family destruction) and war crimes in Syria in alliance with Saudi terrorists. Trump
is the war monger leader that is putting our Nation & the whole humanity at
risk of WW3.
This 1st option
includes to vote for B Sanders, but IF and only IF he demand respect to
the candidate Tulsi Gabbard. If he don’t care about this issue we should no
vote him, we instead must go to the 2nd option.
2- We MUST demand ABSTENTION with peaceful
street meetings. And if Tulsi is detained or jailed we will proceed to
direct BOICOT of ELECTION. There are many
ways of doing it peacefully and all of them imply going to the ballot-box & mark it FRAUD or placed stikers with
the word ‘fraud’ in it. IF Tulsi is jailed we must proceed accordingly (T for T
without causing human damaged ).
3- We must not confront the
police, save your energy to delegitimize the new fraudulent elected government. His governability has to be
peacefully destroyed in alliance with other political forces.
THE WAR for PEACE HAS STARTED:
We will go to election if Tulsi Gabbad is candidacy a respected. We deserve a
new America free from wars. WW3 is ad portas and we must close the door to all
war-mongers (either REPS & DEMs). Our mission is to serve the Public
Need, not the Private Greed . For a NEW AMERICA Tulsi is our
candidate.
VENCEREMOS! PEACE WILL WIN.
VOTE for TULSI GABBARD whoever the party & the partner
she selected to go with.
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===
You can depose him, kill him, or win the election... For the Democrats, the third
alternative is probably the hardest.
….
OTRAS OPCIONES DE
PODER ENTRE LOS DEMS
Hugo
Adan Nov 30-2019
Esta es una
respuesta al art:
You can depose him, kill him, or win the
election... For the Democrats, the third alternative is probably the
hardest.
….
….
Primero debo decir
que estamos perdiendo tiempo con el “impeachment
to depose Trump”, ya deberiamos haber iniciado la 2da y 3ra etapa (crimes against humanity &
warcrimes). La opción ‘depose” .. no
funciona.
Kill TRUMP is not
an option, COMO LO SUGIERE EL art de arriba, al menos que un billonario del 1%
(ultra billonaire) pague por ello. Yo no creo que los mayores beneficiarios de
las politicas de Trump lo hagan, pero puede haber uno. Lo mas posible es que billonarios
ingresen a las elecciones con la
intención de dividir a los Dems Y YA TENEMOS UNO.
Dentro de los
progresistas la única opción que podría
parar a Trump es la Union de B Sanders con E-Warren
como VP o a la inversa (Warren a la Presi y Sanders VP, si Sanders aceptar ser VP). Si no ocurre esta Unión y
van divididos pierden.
Pero aun divididos hay
la posibilidad de que si uno de ellos lleva a Tulsi Gabbard como VP y se presiona para que el otro se retire, asi
si se podría derrotar a Trump.
Asi vistas las
cosas la formula ideal seria Warren-Gabbard y esta unidad si podría derrotar a
Trump, si Sanders se retira, y si no lo hace queda como divisionista y culpable
de la derrota.
Por otro aliado de
Warren no votaríamos muchos Latinos. Y es el voto Latino el que esta vez va a decidir las elecciones
(son mas de 12 Mll de votantes).
La posibilidad de dos
mujeres en el poder del USA seria una linda sorpresa mundial pues cancelaria el
patriarcalismo político al que nos acostumbraron. Seria un cambio muy inspirador
a nivel mundial.
Hay también la
opción de un latino entre los DEMS, pero él no tiene el peso anti-guerra que si
tiene Tulsi G. Y el factor guerra es sin duda el que más va a pesar en estas
elecciones.
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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
While much
of Europe has taken a sharp turn right in recent years, today's shocking
announcement by Merkel's coalition partner sees the SPD take an unexpected turn
to the left, one which threatens Germany's government.
====
El pasado
nazi no la abandona
“Expressing an opinion does not come at zero cost, but freedom of expression has limits,”
====
...member states closed ranks around three priority items in the US
global agenda - escalation of the
aggressive policy toward Russia, militarisation of space and countering China’s
rise.
====
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
-BOL:
Premio Nobel de la Paz, sobre el golpe
de Estado en Bolivia: "Detrás de todo esto está la política de
EE.UU." https://actualidad.rt.com/actualidad/335390-premio-nobel-paz-golpe-bolivia-eeuu
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VIENTO SUR
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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PRESS TV
Middle East n world news
- Thousands demand Netanyahu's resignation in Tel Aviv rallies
- Philippine protesters rally against President Duterte
- Yellow Vests march as nation preps for huge strike
- London mayor, PM visit scene of Bridge attack
- US consumer confidence falls amid trade war with China
- F1: Hamilton takes Abu Dhabi pole position
- ‘Fuel price riots exposed enemies’ opportunism’
- Tens of thousands to slam Trump in London
- US envoy irked as Europeans join INSTEX
- Trump advised to ramp up US cyber war on Iran
- Bolivia will defeat US-, Israeli-backed coup: Morales
- PROGRAMS
- London Bridge attack
- US: Bloomberg 2020 bid
- Bibi’s corruption cases
- Trump’s talk of Taliban
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