APR 12
20 ND 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
More than a billion people across the world remain in
quarantine as the global economy crashes into a depression in the second
quarter. The OECD and WTO on
Wednesday published two separate reports that both outline global economic
activity has collapsed.
The OECD Leading Indicators show the
global economy experienced a sharp decline in the last month.
See Chart:
The WTO shows world trade has
plunged well below 2008 levels. One word: unprecedented.
See Chart:
As a result of quarantines, unemployment claims have
rocketed higher in nearly every major developed and emerging market economy.
Tens of millions of people have been laid off as streets, highways, shopping
districts, and manufacturing hubs have become lifeless.
….
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WTI was up over 8% at the opening
print but is now in the red...
See Chart:
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"At
the extreme, central banks could become permanent command economy agents
administering equity and credit prices, aggressively subduing financial
shocks."
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... some 9.18 million homeowners age 65 and over have mortgage
debt...That’s up nearly 60% from
5.82 million a decade ago.
See Chart:
Housing Prices vs Wages vs CPI
This chart
explains why the median mortgage debt has quadrupled since 1980.
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“If a big meteor was about
to hit the earth,
how much money would the Fed
print?”
Federal Reserve Assets surpassed $6.0 TN for
the first time, having
inflated another $272 billion for the week (to $6.083 TN). Fed Assets inflated
an astonishing $1.925 TN, or 46%, in only six weeks. Bank of American analysts
this week suggested the Fed’s balance sheet could reach $9.0 TN by the end of
the year.
See Chart: Fed Reserve Balance Sheet
I often highlight how the “Terminal
Phase” of Credit Bubble excess experiences an exponential rise in systemic
risk, with ever-expanding quantities of increasingly risky Credit. I fear we’ve commenced the “Terminal Phase” of monetary
inflation, with systemic risk now rising parabolically. When Money Died.
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We can’t print ourselves out of this crisis again, but that isn’t
stopping the Federal Reserve from trying. Thursday’s
intervention program, the latest in a string of panic moves to keep the
financial system afloat, constitutes a complete
takeover attempt of the market ecosphere, only the buying of stocks
directly is last missing piece of eventual complete
central bank control of equity markets. But seizing control of the bond market is the nearest equivalent step.
QE doesn’t produce growth, that is the established track record: See
Chart:
And so, in the midst of the greatest economic crisis of our times investors are once again led to believe to chase asset price
now back to 128% market cap to GDP:
SEE CHART:
The reasons we are here now is partially technical based and partially driven by insane liquidity thrown at
these markets in the form of stimulus and Fed intervention. 2008 was child’s
play compared to what is happening now and is still to come:
See Chart:
Coronavirus is the virus
that infects our bodies, but the Fed is the financial virus that has infected
our entire financial and economic system.
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No 'bear market' in history, for any reason,
ever ended with valuations between 20-28x earnings...
See Chart:
Bank excess Reserves vs. S&P500
While there are lots of market analogs making the rounds comparing the
current crash to 1929, 1987, and a host of other periods, it is 2008, which has the most similarities. (I am not a fan of analogs, but if you want
one, this is the most logical.) SEE
CHART
Still A Bear Market Rally?
Yes, we have had a very strong rally on hopes that Federal Reserve
unprecedented interventions will fix the problem. Not unlike the “bear
market” rallies seen each time in 2008, the current rally has taken
the market back to more extreme short-term overbought conditions.
SEE CHART:
SEE CHART:
SOURCE:
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
It ends in a flash of
monetary debasement preceded by a violent and destabilizing
currency crisis...
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Here are
Mingomatic's other impressive drone shots detailing how NYC and Jersey have
transformed into ghost towns:
- Stunning Drone Footage Shows Newark Avenue In Jersey City Completely Empty
- Dramatic Drone Footage Reveals Ghost Town As Hoboken Residents Shelter
- "I See No People" - Stunning New Drone Footage Shows Jersey City's "Stay At Home" Policy In Action
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Schizophrenic phobia
In dark hours, when people fear for their lives, they eagerly deliver their freedom to the state...
….
For me this not ignorance.. is a mental sickness
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...we have already flattened
the curveand minimized the risk of overwhelming the health care
system. The
previous models were wrong. The consequences of indefinite
lockdown are quite staggering...
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“It’s not going to be what
their peers had experienced even just a year ago or five years
ago.”
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"We are bearish,
angry and would like to see the pain more evenly shared this time with
many more economic and Chapter 11 restructurings, which are not liquidations x/
shareholders, by the way..."
This photo captures exactly why we
titled today's podcast with @mtaibbi the "Unfairness" economy
https://www.peakprosperity.com/the-unfairness-economy-matt-taibbi-chris-martenson …
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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
Increasing calls for a debt jubilee suggests the 100-year debt-super cycle's "kick
the can down the road" plan may have finally hit a wall...
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COVID-19
and its huge economic damage and uncertainty mean that global confidence has
been smashed, and our Eurodollar Matrix risks buckling as a result.
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The
production cuts amount to just over 7mmb/d, which while still a record amount,
are hardly enough to put an even modest dent in today's massively oversupplied
market.
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Nightmare
scenario: WHO investigating whether virus was "reactivated" or possibility that patients were actually
re-infected...
….
Could be ‘autopoiesis’: self
reproduction
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
-Iranian General Says Tehran Looking at
Possibility of ‘Biological Warfare’ Behind COVID-19 Outbreak
-Putin
Holds Separate Telephone Talks on Oil Markets, OPEC+ Deal With Donald Trump,
Saudi King Salman
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
RT EN ESPAÑOL
"Después de Estados Unidos, el epicentro de la
pandemia será Latinoamérica" https://actualidad.rt.com/actualidad/349693-bukele-despues-eeuu-epicentro-pandemia-latinoamerica
Banco Mundial prevé una "caída brusca" del
PIB de ALC Por la pandemia de CV https://actualidad.rt.com/actualidad/349695-banco-mundial-caida-brusca-pib-latinoamerica-caribe-coronavirus
OPEP+ acuerda reducir produc de petróleo en 10 mill
de barriles diarios a partir del 1 de mayo https://actualidad.rt.com/actualidad/349679-opep-acuerda-reducir-produccion-petroleo-10-millones
Virólogo ruso : cómo será la 2da ola de epidemia del
SARS-CoV-2 y explica cómo mutan https://actualidad.rt.com/actualidad/349670-virologo-rusia-pronosticar-segunda-ola-coronavirus
Una abogada tuvo dos hijos con Assange durante sus
años de asilo político https://actualidad.rt.com/actualidad/349678-abogada-asegurar-assange-hijos-embajada El fascismo USAno le niega su derecho a
paternidad
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
-With Each Crisis, POTUS Becomes More
Powerful, and Partisan By RB.
Larsen
-CV – The Aftermath. A Coming
Mega-Depression... By Peter
Koenig
-Vaccines and the Liberal Mind By Robert F. Kennedy Jr.
-Total system failure will give rise to new
economy By Pepe Escobar
-RU Missed Opport to Remove Sancts & Rest
US to Arms Cont Agrt By Paul Craig R
-Trump could face internat HR law conseq for
his CV pand response By Carli Pierson
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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