MAY 23 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
"The
default letters from landlords are flying out the door."
Two weeks ago, when showing the uncanny
correlation between defaults and the unemployment
rates, we predicted that the number of Chapter 11 filings that is about to
flood the US will be nothing short of biblical.
SEE Chart:
Coversa on
Unemployment vs.11 bankruptcy
Bloomberg: retail landlords have been sending out thousands of default notices to
tenants, who in turn have experienced appollipse in foot traffic: sales and cash flow
due to the COVID-19 pandemic, and are simply unable to pay their debt
obligations.
"The default letters from landlords are flying out the
door," said Andy Graiser, co-president of commercial real
estate company, A&G Real Estate Partners. "It’s creating a real fear in the
marketplace."
The stakes are enormous, and
landlords are suffering, too. An estimated $7.4 billion in rent for April
hasn’t been paid, or about 45% of what’s owed, according
to a recent analysis by CoStar Group, which also found that just a quarter of
of expected rent payments have been received by landlords.
SEE Chart:
However, as noted above, landlords
are of course still stuck with their own bills - including bank debts which
they're expected to pay. On
Thursday we reported that US malls are in a crisis
which started in January as vacancies hit a record high.
SEE Chart:
US Shopping
Mall Vacancy rates sets New Record
And earlier
Friday we reported that US
retailers have accounted for the bulk of defaults over the past two months,
as they were forced to temporarily close stores in response to the COVID-19
pandemic.
SEE CHART:
US
Leverages loan default value this year (in $ Mills)
Leverages: operaciones riesgozas
“The only thing worse than being a retailer right now is being a retail
landlord.”
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The fact that a liquidity crisis
developed in US money markets five months before the virus hit America has
been forgotten. Only a rising gold price stands testament to a deeper
crisis...
The fact that a liquidity crisis developed in
US money markets five months before the virus hit America has been
forgotten.
Only a rising gold price stands testament to a deeper crisis, comprised
of contracting bank credit while central banks are trying to rescue the
economy, fund government deficits and keep the market bubble inflated.
The next problem is a crisis in the banks,
wholly unexpected by investors and depositors. At
a time when lending risk is soaring off the charts, their financial condition
is more fragile than before the Lehman crisis.
We can now discern the path leading to the destruction
of fiat currencies and take reasonably guesses as to timing.
SEE this subtitles:
1-How central banks view the current situation
2-Issues of credit
Since central bankers play their part in credit instability by
encouraging banks to extend credit to stimulate the economy in the first place.
That fact alone makes it nearly impossible for them to accept the consequences
of their monetary policies.
In the case of Barclays Bank its assets relative to market capitalisation
gives a leverage for shareholders of 62 times at a time of increasing lending
risk. Put another way, additional loss provisions of only 1.6% of the balance
sheet asset total wipes out the bank’s market capitalisation.
Major Eurozone banks are in a similar or worse condition, as shown in
Table 1, of all UK and European designated and listed global systemically
important banks (G-SIBs).
The G-SIBs are meant to have
extra capital buffers to lessen the likelihood of a repeat of the Lehman
crisis.
SEE CHART:
Clearly, it is virtually impossible to see some of these highly leveraged
banks surviving today’s deteriorating loan conditions, nor is it possible to
imagine that if one or more of them fail how they will not take down other
banks.
As well as believing their own wise monkeys, Andrew Bailey and Christine
Lagarde should be praying on their knees that the recovery will be V-shaped and
rapid, because the banking system might not even survive that, let alone
anything worse. But the outlook is significantly
worse because of the pre-existing slide into global recession.
SOURCE:
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No marked
benefit seen for those who were healthier and didn’t need oxygen or those who
were sicker; "Given high mortality
despite the use of remdesivir, it is clear that treatment with an antiviral
drug alone is not likely to be sufficient."
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It is safe to say that most
folks have no idea about implications regarding the
$ trillions the Fed prints, numbers that are so big they are incomprehensible for the average man...
One Hundred Dollars
Keeps the world moving.
Ten Thousand Dollars
Enough for a great vacation or to buy a used car.
Approximately one year of work for the average human on earth.
One Million Dollars
Not as big of a pile as you thought, huh?
Still, this is 92 years of work for the average human on earth.
One Hundred Million Dollars
Plenty to go around for everyone.
Fits nicely on an ISO / Military standard sized pallet.
The couch is made from $46.7 million of crispy $100 bills.
$100 Million Dollars = 1 year of work for 3500
average Americans
Here are 2000 people standing shoulder to shoulder, looking for a job.
The Federal Reserve's mandate is to maintain price stability and low
unemployment.
The Federal Reserve prints money based on the assumption that increasing
money supply will boost jobs.
One Billion Dollars
You will need some help when robbing the bank.
Interesting fact: $1 million dollars weighs 10kg
exactly.
You are looking at 10 tons of money on those pallets.
Couple Billion Going Into Bottomless Pit
$2 Billion on Truck Trailer
Buldozers pushing $ Billions into the Global Unsatisfiable Black Hole of
Greed
One Trillion Dollars
If you spent $1 million a day since Jesus was born, you would have not
spent $1 trillion by now...
2020 $2 Trillion Emergency Stimulus Package by US
Government
In response to the virus quarantine lockdown causing the US (and world)
economy to stop, the US government has put together the biggest
stimulus package in American history, in order to help corporations and
people escape effects of quarantine.
- $340 Billion - Supplemental Spending (Hospitals, Veterans, Public Transport, etc.)
- $221 Billion - Variety of Tax Benefits for Businesses
- $150 Billion - Direct Aid to States (distributed by population size)
- $500 Billion - Loans/guarantees for businesses, states &municipalities
- $349 Billion - Loans to Small Business
- $301 Billion - Direct Payments to Households
- $250 Billion - Unemployment Insurance
- $032 Billion - Airlines
The $301 Billion for direct payment to households (also known as UBI or helicopter money, is
only ~15% of the entire rescue package. Also, this rescue package is just one
of many. The vast
majority of the package goes to bail out corporations, many of whom
have done
stock buy-backs in recent years and now do not have the cash on hand
needed to weather the financial standstill.
The $500 Billion for guarantees for businesses also opens the door for government to take ownership stake in those failing businesses.
The $500 Billion for guarantees for businesses also opens the door for government to take ownership stake in those failing businesses.
The virus lockdown is unprecedented in modern history in terms of
economic damage. Even during war times, bars and factories remained open. In
order for the virus to decrease world population of 7.8 Billion people by 1% in
1 year, each day ~210,000 people must die from virus related illnesses.
TO Fly-through of the scope of $2 Trillion US
Government Emergency Economic Stimulus Bill OPEN VIDEO:
CONTINUE READING AT: Don’t miss the last part: from deflation to hyper-inflat
….
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OIL + WARS: main cause of world contamination & pand.. THE
WORSE will be WW3
Areas like Kurdistan, Chad and the Republic of
the Congo collectively owe billions to trading houses for
"oil-for-cash" loans...
….
.....
Poor countries won’t create WW3.
Oil & wars create rich countries like US and oil & wars will be
also the cause of its disappearance if WW3 explode. Can
you imagine one single termo-nuclear projectile over UStectonic plates
debilitated by drills of oil-gas exploration.. it will wipe out
several US States in one single shot. It will happen and that is part of d
meaning of MAD: MUTUAL ASSURED DESTRUCT. But MAD theory did not calculate the chances of cleaning
all nuclear contamination worldwide nor the exact amount of people genocided,
not even the new types of pandemias that will affect the survival people , if
any. .
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
DO IT!: DON’T SIT OVER BAYONETS!
AHORA o NUNCA
"If it keeps going the way it's going, I have a chance to break
the deep state. It's a vicious
group of people..."
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Nuclear Power doesn’t make US strong.. it make it week
instead: target of world hate
“very much an ongoing conversation”...
….
Wasting money for health & free
Educat for all + creating false illusion of power
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"Dangerously
hot conditions..."
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Do not be fooled by the reopening. It is not real because it
is not meant to last. It is a
steam valve to calm public outrageand to condition us to periodic tyranny...
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The centralized financial system has
compromised itself several times during the last two decades alone, and
now it’s time for a serious change!
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"Bezos'
wealth grew 31% to $147 billion..."
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An
important lesson in the power of federalism that has been eroded in American
politics...
====
Global
automakers are in big trouble.
….
Mal de todos = Consuelo de estúpidos
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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
Here is an detailed overview of the
impact of Covid-19 on the global economy through various real-time, high
frequency data that has weeks if not months before it makes it into official
economic reports.
First, a
snapshot of COVID-19 infection count and regional spread:
SEE CHARTs
The latest
data on-ground mobility data suggests that there is a long way before normal.
SEE CHARTs
While air
traffic is dismal, here too there a slight rebound in mostly non-commercial
flights; commercial air traffic remains a disaster, however.
SEE CHARTS:
While
credit card spending has seen a modest rebound, and consumer activity is
clearly starting to recover, restaurant bookings in the US remains dismal.
SEE CHARTs
The labor
market, unfortunately, remains an unmitigated disaster:
SEE CHARTS
Both
industrial and manufacturing activity in the US has been crippled, but it is
starting to rebound.
SEE CHARTS:
So how
about China, after all it's supposedly all "fixed" now.
Unfortunately, the real-time data paints a vastly different picture.
SEE CHARTS
In Europe,
it's - as usual - a tale of two halves: the northern nations where things are
largely normal, and the Mediterranean states where the pain is largely concentrated.
SEE CHARTS
Finally,
some mobility charts, first in the UK
... and
then Europe.
SEE CHARTS:
….
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Rouhani
issues last minute warning that Iran will respond if tankers' movement
thwarted...
====
This guy need psychiatric help. His xenophonia got d top:
doesn’t matter WW3
Just three years ago,
Americans had a neutral view of China (and nine years ago it was
strongly favorable). Today, the same polls show that 66 percent of Americans dislike the country...
…..
......
This level of stupidity fits Trump’mood when is depress by Biden polls
prop. Do the same propag & incorporate Union-bottom leaders & women
interview. Stats are more effective than polls. All he needs to do is printed
more money for poor & Middle Classes & compare US situation with other countries and send all family small packs with blue
mask & globes. NO threats at all to any C. NO attack to China. NO
war mongerism at all, especially with VEN-IRAN= it
means US oil plundering. IF he do all of this, he will be re-elect & buffon
Biden lose. The 2nd round of CV-19 is
coming, it will be worse if WW3 starts. IF
Trump dissolve NATO-PENTA I will vote him. Otherwise
a 3RD OPT or ABSTENTION.
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"The
circumstances are being investigated."
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Comes after
Pentagon warned all boats in gulf must stay 100 meters away from US warships or risk "defensive
measures"...
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STUPID XENOPHOBIA!
The
institution is 'particularly vulnerable to China government influences due to
the large amounts of China
donation sand contracts".
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GETTING ENEMIES INSIDE WITH XENOPHOBIC MESSAGES
"Through providing essential
web services to these controversial companies, U.S. firms are playing a part in the proliferation of highly invasive
surveillance products that have the potential to undermine human rights around
the world..."
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London looking for war with China?. El que busca encuentra. London be=wipe
out
"We
should stop being fooled that somehow at the end of the all the kowtowing
there’s this great pot of gold waiting for us. It’s always been an illusion..."
…
China is a sovereign country &
Hong Kong belongs to China
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
- Millions of Cicadas to Emerge From the Ground
in Virginia After 17 Years of Sleep
These insects become a major problem for plants and trees across the
land because the eggs the insects are laying will destroy numerous branches and
vines
- Lots of Noise, Three Cases, and One Prime
Minister: Benjamin Netanyahu Trial Kicks Off in Jerusalem
- Kim
Jong-un Chairs Meeting of WPK Military Commission, Discusses Increasing ‘Nuclear
War Deterrence’
- Iran’s
President Warns US Against Making 'Mistake', Causing Trouble for Its
Venezuela-Bound Tankers
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
COL: CONDOLENCIAS AL ELN
Ecuador: GOBIERNO CRIMINAL, ¡NO VA MÁS!
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ALAI ORG
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RT
EN ESPAÑOL
VEN a la ONU: "uso inminente de fuerza"
por US contra barcos iraníes que va a Caracas https://actualidad.rt.com/actualidad/354131-venezuela-alertar-onu-uso-inminente-fuerza-eeuu
Kim desarrolla poder de autodefensa y disuasión
nuclear de Corea del Norte https://actualidad.rt.com/actualidad/354170-kim-discutir-fortalecimiento-medidas-disuasion-nuclear
Rohaní: "Si US causa probl a nuestros petroler
en el Caribe tendrá problema" https://actualidad.rt.com/actualidad/354135-rohani-eeuu-causar-problemas-petroleros-caribe-tener-problema
Estudio masivo y doble confirma la efectividad del
remdesivir contra el CV-19 https://actualidad.rt.com/actualidad/354182-estudio-confirmar-efectividad-remdesivir
Ternura exótica: granja Rusa de alpacas de Perú ofrece
visitas virtuales https://actualidad.rt.com/video/354160-granja-alpacas-ofrece-visita-virtual
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CROSS TALK https://www.rt.com/shows/crosstalk/
China has
started to hit back at the wave of attacks upon it as the originator of the
Chinese virus, the Wuhan virus, the power that unleashed this pandemic on to
the world. The first target of this retaliation has been Australia, where 80%
tariffs have been imposed on goods and services, making it almost impossible
for Australia to export to China. Unkind critics have suggested that Australia
is the gum on China’s shoe, making the choice of Australia as the first target
more easily understood. However, there may be others very soon: as America
ramps up hostility and propaganda, individual states are beginning lawsuits
against the Chinese governt
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Max and
Stacy discuss Jay Jay Powell guaranteeing GOOD TIMES for the markets!
Everything is dyn-o-mite when the Fed has got your back with free money. In the
second half, Max talks to Marshall Auerback about the new elite consensus that
MMT and UBI are awesome as money-printing cranks up.
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
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