ND NOV 21 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
Here real data on the collapse
of the American Economy. MUST READ!
Interest
rates MUST remain low, and debt MUST grow faster than the economy, just to keep
the economy from stalling out... THIS IS THE VERY ESSENCE OF A "LIQUIDITY TRAP"...
See Chart:
Bernanke:
Debt will lower Productivity
Like
a “frog being boiled in water,” the
temperature has been slowly rising for the last 20+ years as deficits grew to
support unbridled largesse in Washington.
See Chart:
Bigger
deficit dint foster Economic Growth
The current expansion is the weakest in U.S.
history.
See Chart:
US: Expansions & Recession s
The problem should be obvious. Since the Federal government began ramping up debt, and
running an annual deficit, economic growth has continued to deteriorate. This is not just a coincidence.
See Chart:
Debts, deficits & Economic Growth
According
to the Center
On Budget & Policy Priorities, roughly 75% of every tax dollar goes to
non-productive spending.
See Chart:
Here is the real kicker. In
2018, the Federal Government spent $4.48 Trillion, which was equivalent to 22%
of the nation’s entire nominal GDP. Of that total spending, ONLY $3.5 Trillion
was financed by Federal revenues and
$986 billion was financed through debt.
In other words, if 75% of all expenditures is social
welfare and interest on the debt, those payments required $3.36 Trillion of the
$3.5 Trillion (or 96%) of revenue coming in.
Do you see the problem
here? (In the financial
markets, when you borrow from others to pay obligations you can’t afford it is
known as a “Ponzi-scheme.”)
Debt Is The Cause, Not The Cure
I am not saying that all debt is bad.
Debt, if used for productive investments, can be a solution to
stimulating economic growth in the short-term and provide a long-term benefit.
The current surge in unbridled deficit spending only succeeds in
providing a temporary illusion of economic growth by “pulling forward” future
consumption, leaving a void that must be filled.
Since the bulk of the debt issued by the U.S. has been squandered on
increases in social welfare programs and debt service, there is a negative return on investment. Therefore, the
larger the balance of debt becomes, the more economically destructive it
is by diverting an ever-growing amount of dollars away from
productive investments to service payments.
In other words, Powell is hoping for a “fantasy” the
economy can grow faster than the debt.
See Chart:
Powell’s Fantasy: Economic Growth faster than debt
https://www.zerohedge.com/s3/files/inline-images/Debt-GDP-Cumulative-Growth-111619.png?itok=EOXsIhz8
The relevance of debt growth
versus economic growth is all too evident as shown below. Since 1980, the
overall increase in debt has surged to levels that currently usurp the entirety
of economic growth. With
economic growth rates now at the lowest levels on record, the growth in debt
continues to divert more tax dollars away from productive investments into the
service of debt and social welfare.
See Chart:
Debt to GDP and Impact to Economic Growth
However, simply looking at
Federal debt levels is misleading.
It is the total debt that weighs on the economy.
See Chart:
Total debt
vs. GDP
This is
the very essence of a “liquidity trap.”
Debt Doesn’t Create Real Growth
The massive indulgence in debt
has simply created a “credit-induced boom” which has now
reached its inevitable conclusion. While the Federal Reserve believed that
creating a “wealth effect” by suppressing interest rates to
allow cheaper debt creation would repair the economic ills of the “Great
Recession,” it only succeeded in creating an
even bigger “debt bubble” a
decade later.
This unsustainable credit-sourced boom led to
artificially stimulated borrowing which pushed money into diminishing
investment opportunities and widespread mal-investments. In
2007, we clearly saw it play out “real-time” in
everything from sub-prime mortgages to derivative instruments which were only
for the purpose of milking the system of every potential penny regardless of
the apparent underlying risk. Today, we see it again in accelerated stock buybacks, low-quality debt
issuance, debt-funded dividends, and speculative investments.
When credit creation can no longer be sustained, the
markets must clear the excesses before the next cycle can begin. It is only then, and must be allowed to happen,
can resources be reallocated back towards more efficient uses. This is why all the efforts of
Keynesian policies to stimulate growth in the economy have ultimately failed. Those fiscal and monetary policies, from TARP and QE,
to tax cuts, only delay the clearing process. Ultimately, that delay
only deepens the process when it begins.
The
biggest risk in the coming recession is the potential depth of that clearing
process.
Despite Powell’s wishes that
Congress will become adults and begin to reduce the
Federal debt burden, the reality is the economy can not sustain itself without
the debt.
While we do have the ability to
choose our future path, taking action today would require more economic pain
and sacrifice than elected politicians are willing to inflict upon their
constituents. This is why throughout the entirety of
history, every empire collapsed eventually collapsed under the weight of its
own debt.
Eventually, the opportunity to
make tough choices for future prosperity will result in those choices being
forced upon us.
….
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You can get some more real data
here:
DEAL or
NO DEAL
Up, down; buy, sell; impeach,
don't impeach; deal, no deal... it's enough to make you go full crazy
Amid an
avalanche of misdrecting headlines and statements on the trade-deal...
See Chart:
Market-
implied odds of US-China Trade Deals reduced..CHI don’t accept interf in
H-K
See Chart:
The ‘vivora’- tongue of Trump
poisoned the environment.. is he a real POTUS?
Chinese
stocks extended their losses overnight but ChiNext remains green on the week...
See Chart:
More
accurate on China: Offshore Yuan also rallied today... like USD
See Chart:
US
equities were red on the day led by Small Caps
S&P
Futs pinned around 3100 once again as gamma dominates
You
want more bad news with charts: here the
last:
Rather
notably, the aggregate return of bonds and stocks was negative today...
See Chart:
Bond + Stocks % Return (daily)
Volatility
has been collapsing of late but today we saw the VIX term structure notable
flatten...
See Chart:
VIX
Term Structure (inverted)
Dollar Bloomberg
Index managed gains for a second day, reversing overnight weakness during the
US session once again...
See Chart:
And just in case you heard
someone claiming the equity rally is in tact because credit hasn't shown any
signs of cracking... that's not true... the junkiest debt is blowing out
drastically...
See Chart:
And then there's the
fun-durr-mentals - Bloomberg reports that The
Conference Board’s index of leading economic indicators has fallen
three straight months, the worst streak since 2016.
See Chart:
“The major difference
this month is the softening in the labor market, whereas conditions in
manufacturing remain weak and show no signs of improvement yet,” Ataman Ozyildirim, senior director of economic
research, said in a statement.
….
SOURCE:
https://www.zerohedge.com/markets/bonds-stocks-bitcoin-bullion-all-drop-trade-deal-hope-tumbles
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Contradict between US Geo-Polit
(blackmail + Extortion) vs Geo-Econ (trade deals)
Nothing new here..
market-moving information just hit.
….
Markets? nothing to do here. IT is just the split-personality
disorder of Trump. He think that
blackmail, sanctions, piracy & extortion
is his duty as POTUS. Yo
creo que un psiquiatra si podría rehabilitarlo a Trump. Pero él no va a ir a un
psiquiatra. Hay que ver como doparlo, ponerle una camisa de fuerza, y en el
hospital abrirle la caja negra, limpiarle
la mugre racista ++ y regresarlo a casa. No a la casa blanca, a su casa, para
algo puede servir allí, quizá para jugar golf
….
In short, nothing really new
here - all of this has already been noted by China - but the algos of course
are very eager to pretend some new piece of market-moving information just hit him. As a result, two hours after hitting session highs, S&P futures were
back to the lows, and below 3,100 once again.
See Chart:
====
"Both sides are locked in a game
of chicken, and the clock is ticking towards Dec. 15th."
See Chart:
….
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Other way of saying the same
thing:
To the traders who are following and
trading every twist and turn of this non stop ping pong, good luck.
See Chart:
….
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...it
appears record-er and record-er
highs in the US stock markets is doing nothing to rescue Americans'
views of their personal financial outlook...
It seems the impeachment circus
is having some effect on Republicans' attitudes as, according to Bloomberg's
consumer comfort survey, while Democrats saw a small
increase in confidence, Republicans plunged to their least confident since May
2018...
See Chart:
Last
Price: Consumer comfort for REPs vs.
Dems
All
three of the major pillars rebounded modestly in the last week...
See Chart:
Personal
Financial Index vs. Nation Econ Index vs. Buying climate index
Finally, it appears record-er and record-er highs in the US stock
markets is doing nothing to rescue Americans' views of their personal financial
outlook...
See Chart:
Weekly Personal Finance Index vs. Dow Jones
Industrial Average
BUT,
BUT, BUT... THE CONSUMER IS STRONG!
….
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Hedge fund managers suffered a record
eighth straight month of client redemptions in October, the longest stretch of
withdrawals since the 2008 financial crisis.
See Chart:
The
struggle is real
….
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"...soon
the markets are going to discover that QE is permanent...this is going to end very poorly for people who have been enjoying the paper gains in
this stock market bubble."
====
The solution to all this monetary mayhem is go further than
the Framers did: Separate money and the state entirely, in the same
way that our ancestors separated church and state...
====
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
The ultra-nazis spoke:
So the trade war is about to deepen?
====
You know
it's bad when... CNN
is leaking bombshells ahead of the report...
…..
El
zancudo igual le pica a superman o a un niño. No teme a sus enemigos
====
We
just witnessed one of the most
monumental events of the entire decade, and yet most Americans still don’t understand what
has happened...
====
Why was
the surveillance bill steamrollered through the House – and could Trump become the next civil liberties
champion?
….
There was a quid pro
quo.. only Trump don’t admit his corrupt, money and blackmail.. it might be
healthy to deny reality.. prevent depress & heart attack
====
"The case is a massive pay-for-play multimillion-dollar
scheme, and it is an absolute travesty of justice."
====
You can’t simply go into business to provide value to customers, employees, and
shareholders anymore... Now there
has to be some woke purpose that involves diversity, the
environment, and whatever else...
====
...impeachment
hearings exposed an interesting
facet of the current battle between Trump and the deep state:
namely, that many government
bureaucrats now fancy themselves as superior to the elected
civilian government...
====
Orwell didn’t create the Thought
Police out of thin air...
====
"Ultimately, it is the voters who must decide..."
====
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
"Biden received money that did
not come from the company’s successful operation but rather from money stolen from citizens"
====
Seoul angered after 400% price hike demanded to
cover its share of the costs of housing American troops.
,,,,
Don’t pay, bring your ambassador home, close US Embassy,
& call world to take out all American Troops from their countries. Check
fault they were involve
====
It
is unclear how Turkey will exploit potential gas
discoveries when Western energy companies are not allowed to share
technological know-how. Ankara
could turn to Russia's state-owned energy companies...
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-‘Too
Many Loopholes’: Netanyahu May Avoid Quick Trial Thanks to Political
Instabilities Woops..
I guess this is anti-semitism .. or bolshit .. same thing
-WH
Senior Officials, GOP Lawmakers Agree on Full US Senate Trial If House
Impeaches Trump IF the
HOUSE win.. he lost the Presid in election= work done
--Porn
Star Teanna Trump Claims Oklahoma Thunder Player Owes Her Money Hey
Tromp.. pay the hookers..they wk for money like you & they paid taxes =+Am-t-yu
-US
Navy Conducts South China Sea 'Freedom of Navigation' Ops, Beijing Urges US to
Stop Provocations That
is Ti for Ta.. they put undetected N-submarine in our waters
-Graham
Urges Pompeo to Release Biden Talks With Ukraine Leader on Burisma Probe Bravo! Graham es un hombre de cojones bien puestos.. Que done? Pregúntenle a él.
-License
Granted to Microsoft to Export 'Mass-Market Software' to Huawei Bravo! Este es el Trump que todos queriamos
ver. Now put caps on the milit, tied your tonge.. and don’t run for the
Presid.. you gona lose .. if win=double lose.. unless yu inm resign ..IF so, be careful when you select you
VP..with him as VP yu-r- the Presi for 2 rounds +
-US
Recognizes Transition Government, Calls on Bolivian Officials to ‘Step Aside' -
Pompeo. The best transition is Pompeo
out of our political system. He is a shame t US
-US
‘Undercounted’ Number of Military Bases With Cancer-Linked Contaminated Water the worse is
the psychological damage they suffer during service.
-With
Daesh Gone, Taliban Once Again Tops List of Deadliest Terrorist Groups
Daesh gone? You’re eating the rotten lie
from Trump’ media..they r working with him now
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
Mund: En el alumbramiento del mundo multipolar Rafael Poch de Feliu Either la putana neolib esta pariendo un sujeto
similar OR la REV socialista esta por llegar
====
ALAI NET ORG
====
RT EN ESPAÑOL
Evo Morales
a Correa: "El litio jugó un factor importante en el golpe de Estado" https://actualidad.rt.com/programas/conversando-correa/334355-entrevista-evo-morales-litio-elites-golpe-bolivia
....
Disturbios
y represión policial durante la jornada de paro nacional en Colombia https://actualidad.rt.com/actualidad/334486-policia-dispersar-gases-manifestantes-paro-colombia
….
Gobierno de
facto de Bolivia acusa a México de violar política de asilo por un supuesto
video de Morales que "incita a la violencia" https://actualidad.rt.com/actualidad/334502-gobierno-bolivia-acusar-mexico-violar-asilo
….
Policía
reprime con gas lacrimógeno la protesta en La Paz donde llevaban los féretros
de víctimas de Senkata https://actualidad.rt.com/actualidad/334470-policia-reprimir-gas-lacrimogeno-protesta-paz
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INFORMATION CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
-What does this tell us about our culture?
The U.S. has wasted $6.4 trillion on wars since 2001, study says: ICH & Agencies
The U.S. has wasted $6.4 trillion on wars since 2001, study says: ICH & Agencies
-US dirty hands behind violent protests in
Iran? By Stephen Lendman
-China-Bolivia – A Lithium Deal, No More? By Peter Koenig
-U.S. Imperialism and the Rule of Law Must
Read - By Donald Monaco
-The impeachment crisis and American
imperialism By Patrick Martin Guilty now Trial
-Labour Party promises to halt UK arms sales
to Israel and Saudi Arabia in election manifesto By The New Arab
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
-Patrick
Cockburn Reports
of War Crimes in Iraq and Afghanistan
-Steven
Gorelick Thinking
Outside the Grid
-William
Hartung America’s
Arms Sales Addiction
Michael
Welton Christianity
is the Religion of Imperialism
Craig
Collins Open
Letter to the People of Planet Earth
Priti
Gulati Cox One
Pound Capitalism, a Pinch of Democracy, and an Impeachment
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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
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PRESS
TV
Middle East n world news
- 10 civilians killed by ADF militants in eastern DR Congo
- ‘Iran’s JCPOA benefits not secured due to US bans’
- UK steps up propaganda campaign against China
- Unknown aircraft hits Izadi forces’ HQ in northern Iraq
- Iran summons Swiss envoy to protest US interference
- US war on terror cost nearly $6 trillion
- ‘Top al-Shabab officer allegedly killed in Somalia’
- Tories ran fake fact-checking service
- Iran to end internet blackout in days: Official
- US war on terror cost nearly $6 trillion
- PROGRAMS
- US now says Israeli settlements are legal
- Lebanon's Oil and Gas
- The 4th JCPOA backstep
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