JUN 14 ND SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Eco
ALABAMA and FLORIDA reported record jumps for the third
straight day
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ZERO HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
Markets never discount today, they
discount tomorrow. And no sooner had they taken a little peek at what
prices looked like back on January 1st then they began
to plunge.
Now that the process is largely complete, even a modest market wobble threatens to devastate the real
economy. And Powell is now helpless, caught in a
trap of the Fed’s making.
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MUST
READ Doct Below:
US Treasury debt has increased by
$2.86 trillion in 2020 (most of it in the past three months) less than the $3.0
trillion increase in the Fed's balance sheet over the same period.
Fed continues to lie and last week when Powell said
that "inequality has been with us for increasingly
for four decades" .. arguing that monetary
policy is not a cause for that. What he forgot to mention is that four decades
ago is when the Nixon closed the gold window....
SEE CHART:
... severing the last link of the US
dollar to tangible value, and allowing the Fed to print with impunity, creating
the current wealth divide which has now spilled over into the streets of
America.
SEE CHART:
One other thing the Fed has been
consistently lying about is that it does not monetize the debt. The
chart below is evidence that this, too, is a lie, with US Treasury debt
increasing by $2.86 trillion in 2020 (most of it in the past three months)
which is less than the $3.0 trillion increase in the Fed's balance sheet over
the same period. In other words, the Fed has monetized 105% of all Treasury
issuance this year.
SEE CHART:
FED balance Sheet vs. Treasury Deb
So although Powell may never admit
it, Helicopter Money, also known as "MMT", is now here, and will
never go away as Deutsche Bank hinted
earlier.
So without further ado, here is...
"MMT
Going Mainstream…" by
Kuppy of 'Adventures in Capitalism'
And speaking of MMT, below we
republish the latest article from ADVENTURES
IN CAPITALISM discussing how MMT is Going Mainstream.
Yesterday,
MMT-advocate, Stephanie Kelton released her much-awaited book, The Deficit Myth:
….
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Inequality
has soared over the last several months with billionaires seeing huge gains in
their wealth while many people are getting slammed.
You are not alone if you are having difficulty
reconciling the growing divide between Wall Street markets that seem
totally ignoring economic reality...
SEE CHART:
“Most Shorted” Stocks
Many of the
American's that are now experiencing the slip into this economic quagmire and
rough times will tell you, "I
never thought it would happen to me." In
the end, it is likely a great number of these people will become a burden to
society.
SEE CHART:
The fruit
of Financialization: Soaring Income Inequality
What is broadly termed the middle class is all too often just
lumped into a diverse group labeled the 99%. In truth, many of these people are
dirt poor. Much of this centers around just how out of touch
our "professional elite" are with the general population and the
economy. By our professional elite, I refer to those who make the rules
and their minions, their aids, the academics, the financial institutions,
economists, and the media, all of which have tied their wagon to the status
quo. Conflict and corruption also enter into this
because we often find those setting the rules also tend to want a bigger piece
of the pie.
This
growth in inequality is a "pox on the house" of society. For decades the rich and powerful have
been increasingly grabbing a larger slice of the economic pie. A great
deal of growing corporate profits come from cutting back on the greatest
expense businesses have to pay and that is labor. This is and will substantially
increase in coming years as robots displace humans in the workforce.
Current
trends indicate the "equality gap" is not expected to narrow in the
future. Growing income inequality is not just an American problem but it
is an issue across the globe and no magic or silver bullet exists to address the conundrum brought
about by this concentration of power and wealth.
One thing is certain
and that is, those that have taken to the streets in
protest will tell you, whatever actions society takes, those on the receiving
end will complain that "It ain't enough."
….
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"It
is going to be a long, slow climb back."
SEE CHART:
US Class
& Tractor Net Orders & Spot Rates
As for individual
company performance, Transport Topics reported:
·
Volvo Trucks North America earned an 11.8% share with 1,084 sales,
or60.2% fewer compared with a year earlier.
·
Mack
Trucks posted a 9.6% share on 879 sales, or 51.5% fewer compared with a
year earlier.
·
Kenworth Truck Co. earned the second-highest share, 13.9%, with 1,277
sales, or 65% fewer compared with a year earlier.
·
Peterbilt
Motors Co. notched a 12.2% share with 1,119 sales, or 71% fewer, the
biggest decline, compared with the 2019 period.
Recall,
April's numbers were the lowest since FTR began tracking orders in 1996.
Many companies
canceled or delayed new orders as demand, measured by
the ratio of loads to trucks, fell 66% in April.
TFI's Chief Executive
Alain Bédard said in an April 22 call: “Everything
has been canceled.”
….
SOURCE: https://www.zerohedge.com/economics/class-8-heavy-duty-truck-orders-crash-625-may-lowest-levels-2011
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NO VALE LA PENA QUITARSE LA VIDA POR
DINERO
Money measure who you are. It is un-ethical but is aim of life.
Lesson fr-wrong habit "FINANCE
IS NOT WORTH LOSING YOUR LIFE OVER" - FAMILY TRAGEDY SHOULD BE LESSON FOR
ALL MARGINED ROBINHOOD-ERS
"Alex, R.I.P. You will forever be
missed..."
====
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
3,612
police related claims were filed in 2019,
down from
a high of 5,643 in 2014.
====
A 10-member SWAT team for a Florida
police department has resigned en
masse after their chief knelt with racial justice protesters,
SAYING THEY FELT "RESTRAINED BY THE POLITICIZATION OF OUR TACTICS."
====
FALSE
FLAG Agst AOC?
The Park
chester Times-sponsored debate is the same one that Rep. Joseph Crowley skipped before he was dethroned by
AOC in 2018. Could history repeat itself?
….
This seems to me an
intentional-stupid-assumption. It is up to AOC to take it. IF AOC take it:
check her weak history & attack relentless her weakest
point.
====
Future
historians will be astonished to ruminate
about what we did here...Slogans like “flatten the curve” massively oversimplify social
processes and human choices, and presume to know
far too much about cause and effect...
…..
Flatten the curve is
a negation of Hegel basic principle of social development. To Hegel:
development proceeds not in straight line and not in closed circle, but in
ascending line and in spiral. Only to Nazis occurred the idea of flattening the
curve and they were defeated (flattened).
Regarding cause & effect,
their analysis & synthesis go hand
on hand. But, one concentrates in an
element of the system and the other in the interaction between diff elements
(or parts). In analytic approaches time
& space doesn’t count much, except
saying that cause precede effect. In
systemic appr it is the interaction between them (different elements) that count more, specially the effects of
interactions. One emphasizes the precision of details in a particular case and
the other in its global perception. One focus on inputs and the other in dynamic conversion of inputs
into outputs. These are the basis on
cause-effect relation.
====
The
expression of frustration and
anger on the streets today is a reflection of how broken things are.
So, change is coming, possibly
faster than people expect...
….
YES, estamos iniciando un proceso
revolucionario que puede ir mas allá de lo que logro FDR via alianza entre
Labor y Capital productivo (no el Cap especulat al que FDR expropio y gravo con
taxes). Si integramos al capital medio en los New Deals, podemos lograr un socialism Americano sui
generis. Creo que puedo terminar mi libro “Perspectivs of Socialism in
America”antes de las elecciones de NOV, si ocurren.
====
Out of
Baltimore's operating budget more
than a quarter of funding is allocated to policing, some $536
million. Spending on policing per person is the highest of any major city in U.S. at $904...
SEE CHART:
Police Expending per Capita in major US Cities
Out of the city's operating budget more than a quarter of
funding is allocated to policing, some $536 million. Spending
on policing per person is the highest of any major city in U.S. at $904. By
comparison the figure in New York was $672 while it was $436 in Los Angeles.
The report notes that
police funding levels increased
in all cities analyzed in the 2017 report (though 2020
data was not available for Minneapolis) and the figures
for new cities included in the analysis show that some reform has occurred.
Milwaukee is noted as an example where grassroots
groups successfully demanded police
divestment, which has happened, and the police
department's budget is now lower than in previous years.
SEE CHART:
How much do US Cities spend on
Policins?
NYPD's $5.6
billion budget accounting for 7.7 percent of New York City's general fund. The share of the general fund is far higher
in other cities such as Los Angeles.
The share is even higher in CHICAGO
at 37 percent with the total police budget approximately $1.68 billion. In Minneapolis, the city where George Floyd lost his
life, the 2017 data shows that the police budget accounted for 35.8 percent of
the general fund, totalling $163 million.
….
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Stephen
Miller explores the staggering
hypocrisy
of the Democrats over
COVID-19...
====
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
Excuse my ‘xenophobia’ IF ANY.
I don’t publish US data about China if not neutral..
...we suspect today’s numbers will be
over shadowed by fears of a resurgence
of the pandemic in Beijing (and Guangzhou)
Earlier in the month, the manufacturing PMIs suggested some further stabilization, though
not much of a strengthening last month. Exports dropped, though by less than anticipated, at -3.3%
year-on-year, while imports
tumbled hard, with a 16.7% slide.
And then the big China data dump hit:
·
Industrial Production -2.8% YTD YoY (slightly
better than the expected 3% drop and an improvement on last last month)
·
Retail Sales -13.5% YTD
YoY (matched expectations and improved from the 16.2% drop last month)
·
Fixed Asset Investment -6.3% YTD YoY (worse than
the expected 6.0% drop but an improvement over last month)
·
Property Investment
-0.3% YTD YoY (better than the 0.8% drop expected and a big improvement from
the 3.3% drop last month)
·
Surveyed Jobless Rate 5.9% (as expected and
better than the 6.0% last month)
SEE CHART:
And as Chris Anstey, Bloomberg's Managing Editor, Asia Cross-Asset
Markets, warned, it's "hard to see how GDP comes in positive
for the second quarter, now that we’ve got two of the three months worth of
data."
Of course, none of this should be a massive surprise as, once
again, China has injected unprecedented amounts of
credit into the economy to keep the mirage of growth alive and maintain a
semblance of social cohesion...
SEE CHART:
China
Credit Impulse
The question is - what happens when
the second wave (or third) hit and even more so-called "stimulus" is
needed?
….
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"Now is the time to have that long-duration bond
exposure in the portfolio"
….
On a day when more than 20 US states are seeing a pick-up in
cases, Tokyo reported a jump over the weekend and a fresh outbreak in Beijing
prompted officials to close a market there, futures are
tumbling, with Eminis down more than 40 points to 2,980 the lowest level since
the start of June.
SEE CHART:
Emini S&P Futures
In a few minutes, the market's mood may shift again after China reports key economic data for May, expected to
show a continued improvement after the world’s second-largest economy.
Officials moved a press briefing online due to the latest virus outbreak
in Beijing.
In FX, the yen edged up 0.1% to 107.29 per dollar; the offshore yuan slipped 0.2% to 7.0890 per dollar, and the
Bloomberg Dollar Spot Index rose 0.1%.
The yield on 10-year Treasuries fell
about three basis points to 0.67%, and is again approaching the April lows of
0.54% after printing shy of 1% two weeks ago amid a burst of reopening hopes
that sent value stocks surging
….
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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
Despiden al
oficial que disparó a Brooks https://actualidad.rt.com/actualidad/356587-despiden-oficial-disparo-brooks-videos-apunto-taser-oficiales
Incendian
el restaurante donde un policía mató a tiros a un afroamer desarmado https://actualidad.rt.com/actualidad/356589-incendiar-restaurante-policia-matar-afroamericano-atlanta
China
advierte "alto riesgo" de propag del virus en Pekín tras rebrote en mercado
local https://actualidad.rt.com/actualidad/356623-pekin-cuarentena-diez-barrios-rebrote-covid
Putin:
" Rusia tendría tener medio para combatir las armas hipersónicas" https://actualidad.rt.com/actualidad/356591-putin-rusia-medio-combatir-armas-hipersonicas
Un hispano
muere asesinado por policía en California
https://actualidad.rt.com/actualidad/356598-hombre-hispano-muere-recibir-disparo-policia-california
"Lo
último sería caerme": Trump camina rampa y desata rumor sobre su salud (Video)
https://actualidad.rt.com/actualidad/356610-caminata-trump-rampa-salud-video
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CROSS
TALK https://www.rt.com/shows/crosstalk/
43 million people in the US now live
below the poverty line, twice as many as 50 years ago. 1.5 million children are
homeless, three times more than during the Great Depression the 1930s. Entire
families are tossed from one place to another to work unstable jobs that barely
allow them to survive. In the historically poor Appalachian mining region,
people rely on food stamps. In Los Angeles, the number of homeless people has
increased dramatically. In the poorest neighborhoods, associations offer small
wooden huts to those who no longer have a roof to live under.
SOURCE:
Due to
copyright restrictions, this video can only be viewed on RT’s live feed. Time of broadcast is available on RT’s schedule page.
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On the show today, Chris Hedges
discusses the George Floyd protests erupting in over 140 American cities with
Glen Ford, executive editor of Black Agenda Report.
YouTube
channel: On Contact
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
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