NOV 29 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
GUGGENHEIM TO INVEST UP TO $530 MILLION IN BITCOIN AFTER ROUBINI TWITTER MELTDOWN
"The Guggenheim Macro Opportunities Fund may seek investment exposure to Bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust."
What is surprising is that Guggenheim is - for now - sticking only to the Grayscale ETF as a source of crypto exposure: "Except for its investment in GBTC, the Fund will not invest, directly or indirectly, in cryptocurrencies."
We expect that will change soon: after all in the past few weeks, bitcoin futures' open interest surpassed gold's for the first time ever..
See Chart:
Bitcoin vs Gold open interest
... as the investing public increasingly turns to crypto as an alternative to the tsunami of fiat currency debasement and ahead of the central banks' launch of digital currencies some time in 2022.
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IF CPI MEASURED ACTUAL HOUSE PRICES, INFLATION WOULD BE 3% RIGHT NOW
If actual house prices were used in place of rents core CPI would have registered a 3% gain in the past year, nearly twice the reported gain of 1.6%.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/case%20shiller%20CPI.jpg?itok=Vygp638d
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OVER HALF YOUNG AMERICAN ADULTS NOW LIVE WITH THEIR PARENTS
...young adults are already now living with their parents to a greater degree than witnessed in 120 years - surpassing even the Depression-era generation...
Young adults today are categorized as either late Millennials and Gen-Zers. For them, COVID-19 has just been another addition to the list of financial hardships they’ve been up against, such as a precarious job market and the rising cost of living.
See Chart:
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SOURCE: https://www.zerohedge.com/personal-finance/over-half-young-american-adults-now-live-their-parents
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
JUDGE BLOCKS, THEN UNBLOCKS GEORGIA FROM WIPING OR RESETTING ELECTION MACHINES
The change of course by the judge drew a flabbergasted response from Lin Wood, an attorney associated with the Trump campaign...
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MICHAEL FLYNN SAYS COUP AGAINST TRUMP STILL IN PROGRESS
“This is still a coup in progress... They’ve upped their game...”
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FORMER OVERSTOCK CEO PAYING 'TEAM OF HACKERS AND CYBERSLEUTHS' TO PROVE TRUMP WON ELECTION
And 'other odd skills'?
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NEWT GINGRICH: 2020 ELECTION MAY BE BIGGEST PRESIDENTIAL THEFT SINCE 1824
"The more data comes out on vote anomalies that clearly are not legitimate the more it looks like the biggest Presidential theft since Adams and Clay robbed Andrew Jackson in 1824..."
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BIDEN'S ECONOMIC, COMMUNICATIONS TEAM IS FULL OF WOMEN
Following his recent decision to appoint Janet Yellen as new Treasury Secretary, Joe Biden has decided to fill many of the key economic advisory spots with female staffers, all close to either Obama or Hillary Clinton.
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Hillary Clinton?.. that smell nasty
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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
US INTERFENCE IN CHINA send heavy weapons -perhaps nukes- create context f WW3
CHINA'S XI CONTINUES TO URGE TROOPS TOWARD 'WAR READINESS' OVER TAIWAN ISSUE
Tells his commanders & troops "not to fear death" and "prepare to win wars"...
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GLOBAL INFLATION WATCH - THE CASE FOR GOLD AS FUTURE MONEY
Authored by Alasdair Macleod via Goldmoney.com,
It is now impossible to envisage the US Government and the Fed limiting further monetary expansions. Their Keynesian creed tells them that to do so would be disastrous for the economy...
This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities.
Given that the early warnings of hyperinflation of money supply are here, the article then looks at the qualities required of a sound money to replace fiat currencies.
Introduction
Figure 1 shows how prices have moved from the Friday before the Fed’s announcement on 23 March that it would go all-in on its support for the US economy with unlimited quantitative easing. It amounted to a commitment to hyperinflate the money supply if needed. Before the Fed cut its funds rate to zero on 16 March nearly all these prices were falling.
See Chart:
Price performance of assets in USD
The relationship between money and prices
There is usually a time lag between an expansion of the money quantity and its effect on prices, depending on the route it takes to full circulation. The lack of any distinction between existing and new circulating currency conceals its existence
Even if the additional distribution of new money is made obvious to a population, it fails to grasp the consequences for the dilution of the existing stock of money. Like most analysts in the commodity markets, they initially think that prices are simply rising, and they fail to consider monetary debasement as the cause.
Hyperinflation of the dollar is here
It is now impossible to envisage the US Government and the Fed limiting further monetary expansions. Their Keynesian creed tells them that to do so would be disastrous for the economy.
It is against this background that having seen one enormous budget-busting stimulus package from the US Government, we shall shortly see another.
But it is worth looking at US Government finances since March, when the covid response commenced, leading to a fall in tax revenue and an increase in government spending. This is shown in Figure 2.
See Figure:
There is also a growing realisation that the economic problems from the virus alone will continue beyond the second wave. This fear is beginning to be reflected in the US Treasury bond market, with yields threatening to rise significantly, as illustrated in Figure 3.
See Chart:
US 10-yr Treasury Yield %
The fallacy of the deflation argument
Keynesian economists who see global economic activity badly undermined by covid lockdowns will be confused by the tendency for prices of commodities to rise, because demand for them must be falling.
The Keynesians’ reference point was the appalling depression of the 1930s, which they blamed on gold. With gold, prices fell bankrupting farmers, other businesses and the banks. But farmers with their new tractors increased grain output around the world, the glut driving prices lower for nearly all foodstuffs.
The case for gold as future money
Some of the reasons commonly put forward denying an inflation problem are notably fiat-centric. For example, a claim that the rise in cryptocurrencies and equity markets are speculative bubbles and not indicative of monetary instability. There is almost certainly truth in this, with a large element of investment always dedicated to trend-chasing rather than founded on reason.
The requirements for monetary flexibility
The argument promoted by bitcoin hodlers is that its future issuance is firmly capped at 21 million, and that with about 18.5 million already issued, of these many have been irretrievably lost. It is simply a supply argument, and if bitcoin replaces failing fiat the price will be sky-high.
All that is for the future — perhaps not so distant as we might think — for which cryptocurrencies and central bank digital currencies are not equipped. But today, while there is incontrovertible evidence that some economic actors are beginning to understand that hyperinflation of the money supply is taking hold, the modest performance of the gold price tells us that for the broader public this realization is still in its early stages.
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SOURCE: https://www.zerohedge.com/economics/global-inflation-watch-case-gold-future-money
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US CARRIER STRIKE GROUP HEADS TO GULF AS IRAN THREATENS RETALIATION
Nimitz carrier to provide cover for exiting US troops in Iraq & Afghanistan
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China DON’T depend on US, it is in reverse, but threat like this will be responded
HOUSE TO VOTE ON BILL THAT WOULD DELIST CHINA-BASED COMPANIES IF THEY FAIL U.S. AUDIT STANDARDS
After decades of fraud and U.S. capital being siphoned to China, U.S. lawmakers appear as though they are finally going to hold Chinese companies' feet to the fire...
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HERE'S HOW CENTRAL BANKS WILL FINALLY UNLEASH INFLATION: THE SHENZHEN CASE STUDY
In October, China launched one of the biggest real-world trials for its digital currency, when the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency.
Finally timing: according to tentative estimates for the rollout of ISO 20022, which is the required universal transaction standard which will make payment in digital currencies possible, we are looking at a 2022 launch date.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/ISO%2020022.jpg?itok=G6hgQA86
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
Google: Sputnik News
- Biden to Receive First Presidential Intelligence Briefing on Monday, His Office Says
- US to Blacklist Chinese Chip Manufact, Oil Corporation Over Alleged Ties to Military
- Partial Recount in Wisconsin Reportedly Adds Votes to Biden With One Day Left Before Certification
- Bolsonaro Says That There Was 'a Lot of Fraud' During US election
- UK Bans Telecom Firms From Install New Huawei 5G Equipmt After September 2021
- Serbia Withdraws Decision to Expel Montenegro's Ambassador
- New York Public Schools to Gradually Reopen Starting December 7
- Biden Picks Ex-Obama Staffer Jen Psaki for Press Secretary
- OPEC to Start Biannual Conference on Monday Amid Oil Market Uncertainty
- Maradona's Doctor Raided as Investigators Launch 'Potential Manslaughter' Probe
- UAE Denounces Assassin of Iranian r Physicist, Calls on Parties to Show Restraint
- Canada Blocks Drug Exports to US in Response to Trump Policy Seeking Lower Costs
- US 'Must Realise' It Cannot Stop Nord Stream 2 Construction, Oxford Analyst Says
- Daesh Claims Responsibility For Iraq Oil Refinery Rocket Attack
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