ND MAR 7
20 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
Consumers
see the stock market as a gauge of the health of the economy and the state of
their personal finances. When the stock market sells off violently, it sends an
ominous message.
See Charts:
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RELATED:
More empty Stores:
As concerns of a Covid-19
outbreak increase across the US, Costco stores
are experiencing the second weekend of panic-buying of food, water, and hand
sanitizers.
The Apocalypse is here….Yikes! This
is at the Costco at Still Creek on a Saturday morning. And it’s still 25 min
till opening. LOL
See Picture:
See other pictures at:
SOURCE https://www.zerohedge.com/markets/panic-buying-and-stockpiling-americans-continue-epic-run-costco
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...a collateral call.
Another big one...
The
3-month Treasury bill’s equivalent YIELD has plunged, absolutely plunged.
The rest of the yield
curve, is all about consequences. If
rate cuts were expected to be effective then, cue
Janet Yellen in 2011, bond yields would be rising sharply. THEY ARE NOT, to put it mildly.
See Chart
US Yield curve: Down
There was
even a textbook gold slam today, one that was so on-the-nose I don’t think I’ve
ever seen it quite so obvious before. An initial
slam at 8:30am (which some may characterize as a reaction to the blowout
payroll report, which is fine but I don’t agree) followed
by the big one clustered in just before, and
right up to, 10:30am.
What’s special about especially 10:30am? Closing
the books on yesterday’s overnight repo.
See Chart:
Golg futures went up
With yields taking the elevator downward, after pushing stock investors
down the empty shaft first (liquidations), you don’t hear much about “too many”
Treasuries these days.
See Chart
Euro-Dollar Futures curve (in red)
Thus, as Euro$ #4 starts to get as nasty as we thought it
could, I can’t help but think ahead to what inevitably will follow no matter
how this all still turns out. Whatever waits us around the next corner, beyond
it will be only Euro$ #5. Doesn’t that just explain the
prospect of negative UST yields!
See Chart:
Inflation Expectations (in red line)
They
really don’t know what they are doing. And that’s really sad because it
wouldn’t take all that much to change it. Especially on a day like today. It’s
all right here.
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NO EASY TASK WHAT
COMES in NEAR FUTURE
No es tarea fácil lo que viene en un futuro cercano
Hugo Adan Marzo 7,
2020
BASE ON:
Fed Chair Powell has been busy trying to
explain his reason for the "emergency" 50bps rate cut.
Powell said, “My colleagues and I took this action to help the U.S.
economy keep strong in the face of new risks to the economic outlook.”
Read his Message:
Critique 1:
Regardless of what
he says Fed Chair Powell has confirmed the Fed plans to
continue its role as the great enabler. This means central banks across the globe can now lower their rates or
do additional stimulus without damaging the delicate balance in the
relationship in the value of one major currency to another. This is adding credence to the myth that today major currencies can’t fail.
Critique 2:
Not only is a rate cut uncalled for
at this time, but because it will also do little
to strengthen the economy. What it will do is continue to prop up asset prices and encourage risk-taking and
mal-investment..
In the Austrian business cycle theory, mal-investments are badly
allocated business investments, due to the artificially low cost of credit and
an unsustainable increase in the money supply.
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MY
CRITIQUE: Hugo
Adan
Eso equivale a decir que a Powell no le
quedó otra que empujar la carreta hacia adelante
inyectando dinero (USD con creditos a bajo costo) que es lo que ya hizo antes y
le dio resultado.
Aun cuando eso creo la desigualdad explosiva del neoliberalismo actual (explosión
que los millonarios saben que si va a
ocurrir tarde o temprano), no tienen otra salida que hacer lo que hace el
centro imperial con Powell. Ya todos los paises del sistema neoliberal lo hacen y han logrado sobrevivir.
Todos saben que la carreta neoliberal ya no tiene ruedas (la inversión productiva no rinde lo que la especulación del
WS y la venta de armas y guerra fuera si dan) por tanto si es posible y muy
fácil empujar la carreta hacia adelante inyectándole dinero fabricado de la
nada.
Y digo que es tarea fácil porque la carreta esta de bajada y lo que viene
el precipicio o el hundimiento del Titanic. Los
billonarios que lucraron de este sistema lo saben y han convertido el dinero
falso en oro y han logrado ocultar ese oro no en los bancos de su propio país sino en paraísos
fiscales y en las bóvedas de Londres.
A FDR –el mas grande Presid del US- le fue fácil decretar la confiscación del oro y
crear una sólida moneda (el USD con base en oro) para su plan de Crecimiento
Econ sostenido via New Deals. Y digo que
confiscar ese oro fue fácil porque estaba dentro del país durante la 1ra
recesión mundial (1929-35), pero ahora no lo está.
Para confiscar ese oro hoy, tendrían que unirse la mayoría de los
empresarios del sector productivo del mundo (excluir a
los especuladores) en Estados con labor organizado e iniciar un proceso
revolucionario ya sea por via pacifica
(lo que implica toma del poder via elecciones) y/o via auto-golpes de Estado
desde Gbnos progresistas en el control del Estado.
La otra opción es la violencia Revolucionaria si el pueblo es agredido con métodos
fascistas. Solo entonces
se justificaría el uso de la guillotinas de Robespierre o el paredón de Fidel
contra los billonarios que no acepten la confiscación del oro y el ponerlo al
servicio de toda la Nación.
NO ES TAREA FÁCIL LO QUE VIENE EN UN FUTURO CERCANO, pero esas 2 son opciones viables y por supuesto lo más
deseable es la Rev no violenta, esta es la propuesta actual de los socialistas
del US que lidera Bernie Sanders.
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"We're
expecting a large fault rupture, almost six feet, a lot of liquefaction
impacts..."
A new report by the San Diego chapter of the Earthquake
Engineering Research Institute (EERI), found a
fault that runs through the heart of San Diego could be a much more serious
problem than previously thought, reported Log
Angeles Times.
See Chart + map:
"We're
expecting a large fault rupture, almost six feet, a lot of liquefaction
impacts, which basically is softening of the soil that causes a lot of impact
to underground infrastructure like water distribution pipes," said Heidi
Tremayne, executive director of the EERI. "We're
worried that coastal communities could really be lacking some basic services
for many months after an earthquake of this magnitude."
See Charts:
With an 18% chance that Rose Canyon Fault could trigger
a big quake in the next three decades, EERI said damage from it
would cost upwards of $38 billion and account for $5.2 billion in lost
income for local businesses.
There's without any doubt that California
as a whole is long overdue for a destructive earthquake. We noted back
in December that "very
unusual seismic activity" was taking place off the West Coast.
Seismologists warned about a year ago that California's seismic activity is in an
"earthquake drought." With fears of large quakes could be nearing.
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Back to USD based on gold?
That will be the solution to many US Econ problems
Gold,
which—unlike people and our economies—is immune to the virus. It is the
currency of last resort and avoids the concern that paper currencies could be a
medium of transfer for the virus.
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A Yale
professor interviewed the ultra-wealthy in Teton County, WY to find out what
it’s like to be really, really rich.
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Most of them have Blue-SS Card and all of them pay car+other
taxes.. WHY NOT to..
"Every single person, no matter your
documentation status"
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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
Important to learn geopolitics & the chances of WW3
There comes a point where negotiating with your adversaries ends, where someone finally says, “ENOUGH.”
In the midst of the worst market meltdown in a dozen years
which has at its source problems within global dollar-funding markets, Russia
found itself in the position to exercise the Power of No.
Multiple
overlapping crises are happening worldwide right now and they all interlock
into a fabric of chaos.
Between political instability in Europe, presidential
primary shenanigans in the U.S., coronavirus creating mass hysteria and
Turkey’s military adventurism in Syria, the eastern Mediterranean and Libya, markets are finally calling the bluff of central bankers who
have been propping up asset prices for years.
But, at its core, the current crisis
stems from the simple truth that those prices around the world are vastly
overvalued.
Western government and central bank policies have used the power of the dollar to push the world to this state.
And that
state is, at best, meta-stable.
And all it took to
push a correction into a full-scale panic was the
Russians saying, “NO.”
Since peaking after
the killing of Iranian General Qassem Soleimani oil
prices have been a one-way trade. Down.
See Chart:
Brent Crude after killing Soleimani
Credit
markets are melting down. Stock markets are the tail, credit markets are the
dog. And this dog was run over by a bus.
The Fed intervenes
to keep short term interest rates from rising to preserve the fiction it is
still in control.
The market
wants higher rates for short-term access to dollars.
The Fed tried to
help by cutting rates by 0.5% but all that did was tell people the Fed was as
scared as they were. The selling resumed and
gold bounced back to it’s recent high near $1690, only
to be swatted down on the New York open this morning.
That
didn’t work either.
See Chart:
Gold
futures went UP
OOPS!
And into this mess
OPEC tried to save itself by asking for a historic production cut.
OPEC needs
this cut to remain relevant. The cartel is dying. It’s been dying for
years, kept on life support by
Russia’s willingness to trade favors to achieve other geostrategic goals.
I’ve said before
that OPEC
production cuts are not bullish for oil just like rate cuts are
not inflationary during crisis periods.
But
finally Russia said No. And they didn’t equivocate. They told everyone they are
prepared for lower oil prices.
There comes a point
where negotiating with your adversaries ends, where
someone finally says, “Enough.” Russia has been attacked
mercilessly by the West for the crime of being Russia.
And I’ve documented
nearly every twist and turn of how they have skillfully buttressed their
position waiting for the right moment to get maximum return to reverse the
tables on their tormentors.
And, to
me, this was that perfect moment for them to finally say “No,” to get maximum
effect.
In a world of
cartelized markets the world over, where prices are set
by external actors, it is easy to forget that in
the real economy (regardless of your political persuasion) the world is an
auction and everything is up for bid.
High bid wins.
So, the most
important geostrategic question is, “Who produces the marginal barrel of oil?”
For more than three
years now, President Trump has supported his policy of Energy Dominance in a Quixotic quest for the U.S. to become that supplier.
Trillions of dollars have been spent on building up domestic production to
their current, unsustainable levels.
What he could never
do, however, was push Russia off that bid.
The reason
U.S. production rates are unsustainable is because their costs are higher per
barrel than the marginal price especially when all other prices are
deflating. Simple, straightforward economics.
That’s where the
Russians’ power comes from
When you
don’t owe anyone anything you are free to tell them, “No.”
All of this adds up
to Russia holding the whip hand over the global market for oil.
The
ability to say, “No.”
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READ the last
part of this art: is very, very interesting
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Washington
has been loudly backing Turkey’s military offensive in Idlib, and isn't happy that Ankara has made a deal not to
go to war.
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RU’phobia is on in US & with full display of distortions
& LIES
“The
Kremlin has decided to sacrifice OPEC+ to stop U.S. shale producers and punish
the U.S. for messing with Nord Stream 2.”
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Biden and Sanders Intensify Mutual Attacks
Ahead of Six-State Vote on 10 March Just the power of money (biden) vs. the power of PEOPLE. This time Peop will
win
- Gabbard
Urges Biden, Sanders to Stand Against DNC’s 'Transparent Effort' to Exclude Her
From Debates
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
VIENTO SUR
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VOLTAIRE
NET
Propaganda occidental contra Turquía por Thierry Meyssan
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EL DIARIO
INTERNACIONAL
Manifiesto del Partido Comunista K. Marx & F.
Engels (1848)
Asi se templo el acero
Cuento Ruso. Anonimo
EL MÉTODO DE STALIN Por: Eduardo Ibarra (*).
LA FUNCIÓN SOCIAL DE LA REPRESIÓN
SEXUAL Por: Wilhelm Reich
Papa Francisco homófobo Humming Albus
CONTRADICCIONES DE ATILIO BORON
SOBRE LA CRISIS MUNDIAL Por: Emilio Marín.
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RT EN ESPAÑOL
El mundo se enfrenta a una 'pandemia silenciosa' más
peligrosa que los virus https://actualidad.rt.com/actualidad/345251-mundo-enfrenta-pandemia-silenciosa-peligrosa
El 'CV' en 2008 fueron los bancos que "dieron
lugar a la pandemia fraude y dinero fíat" https://actualidad.rt.com/programas/keiser_report/345269-coronavirus-2008-bancos-pandemia-fraude
OTRA VEZ LA PROPAGANDA VERDE
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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