JUL 12 2021 ND SIT EC y POL Part 1
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
NEAR WW3 IF US pass d PARACEL islands in S-China see. US provocat will be Resp
CHINESE MILITARY "DROVE AWAY" US WARSHIP NEAR PARACEL ISLANDS IN SOUTH CHINA SEA
"Nothing PRC (People's Republic of China) says otherwise will deter us."
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URGENT to call UN World Assembly asap. We want PEACE not WW3. It is urgent to dismantle nuclear weapons worldwide. It is mandatory; otherwise both sides RU-CH + allies and US-UK & German (NATO) base will be destroyed -mutually-. NO winner’ perspective with WW3. IF UN Assembly don’t ACT, many NEW nuke-missiles will be installed all-over the World = total world destruction + new pandemics derived from nuclear infestation of global air. WE MUST MOVE TO STREETS FOR UN ASSEMBLY NOW
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ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
INFRASTRUCTURE SPENDING COULD BE GOOD... BUT IT WON'T BE MUST READ!
by Lance Roberts via RealInvestmentAdvice.com,
...a LESSON DISMISSED BY POLITICIANS WHO ARE MORE WORRIED ABOUT WINNING THE NEXT ELECTION than creating economic prosperity for all.
We must begin our discussion with the textbook definition of “infrastructure.”
“Infrastructure is the general term for the basic physical systems of a business, region, or nation. Examples of infrastructure include transportation systems, communication networks, sewage, water, and electric systems. These systems tend to be capital intensive and high-cost investments, and are vital to a country’s economic development and prosperity.” – Investopedia
Now, we must break that definition down into its most essential points:
- Basic Physical Systems
- Transportation, Communication, Sewage, Water, and Electric
- Capital Intensive
- High-Cost Investments
The fourth point is the most important – “INVESTMENTS.”
So, what is the definition of “investment.”
“An investment is an asset or item acquired with the goal of generating income or appreciation.” – Investopedia
Therefore, a good definition of infrastructure is:
“An investment into the basic physical systems of the nation with the goal of generating income to pay for the capital intensive expenditure”.
Biden’s “Big Money” Infrastructure Plan
There is considerable debate in Washington over the full “infrastructure” spending plan. As shown in the chart below, the original proposal contains just 25% that could get classified as “infrastructure.” The other 75% increases the social welfare net.
See Chart:
As Fortune recently lamented:
“Like all humongous-scale legislative efforts, the Biden administration’s new $2.2 trillion infrastructure plan contains surprises—unrelated provisions that are hitching a ride on a juggernaut. In this case, they’re not like barnacles on a giant ship. Some of these surprises are surprisingly large.”
At the moment, there is a smaller bipartisan infrastructure bill in the works. However, Democrats are looking to use the “reconciliation” process to pass the full “social spending plan” noted above.
“The Senate may work into its August recess to pass both a bipartisan infrastructure plan and a budget resolution that would allow Democrats to enact a range of priorities without Republican support, Senate Majority Leader Chuck Schumer said Friday.
In a letter to his caucus, the New York Democrat said senators are working with the White House to turn the $1.2 trillion infrastructure framework into legislation. The Senate Budget Committee is also crafting a measure that would allow Democrats to pass a sprawling child-care, health-care and climate policy plan without a GOP vote.” – CNBC
Regardless of which bill passes, our focus is on “infrastructure” spending in general.
Debt & More Debt
As the Cato Institute noted concerning the original bill.
“It moves entirely in the wrong direction by increasing subsidies and centralizing power. A better approach would be to end federal subsidies and decentralize infrastructure ownership and decisionmaking.”
However, one of the essential points overlooked by both the Heritage Foundation and the Cato Institute is the entire plan must get funded by a further expansion of debt.
Let’s revisit our definition of “infrastructure.”
Since the onset of the pandemic-driven economic shutdown, the Government has intervened with a massive expansion of debt. The hope was the increase in debt would keep the economy from slipping into a deeper economic recession.
See Chart:
Debt to GDP and total debt outstanding
https://cms.zerohedge.com/s3/files/inline-images/Debt-to-Debt-as-PCT-of-GDP-060121.png?itok=NcHSSkT8
However, debt was already rising sharply since President Obama took office in 2009. The irony is that the continued expansion of government interventions did not lead to organic economic growth. On the contrary, the more the debt increased, the more debt it took to sustain weak economic growth rates.
See Chart:
Debt vs Growth
https://cms.zerohedge.com/s3/files/inline-images/Debt-Vs-GDP-Growth-060121.png?itok=56WDVHM9
Debt Versus Growth
As stated above, since we must use debt to fund “infrastructure” spending, the debt must pay for itself. In other words, every project must generate a stream of cash flows through fees, taxes or duties, to repay the debt-funded capital investment over time.
Dr. Brock is an economist who holds 5-degrees in Math and Economics, and the author of “AMERICAN GRIDLOCK” explained this well using the following example of two countries.
Country A spends $4 Trillion with receipts of $3 Trillion. This leaves Country A with a $1 Trillion deficit. In order to make up the difference between the spending and the income, the Treasury must issue $1 Trillion in new debt. That new debt is used to cover the excess expenditures, but generates no income leaving a future hole that must get filled.
Country B spends $4 Trillion and receives $3 Trillion income. However, the $1 Trillion of excess, which got financed by debt, gets invested into projects, infrastructure, that produces a positive rate of return. Therefore, there is no deficit as the rate of return on the investment funds the “deficit” over time.
There is no disagreement about the need for Government spending. The controversy is with the abuse and waste of it.
Social Welfare Is Not Infrastructure
For debt-funded government spending to be effective, the “payback” from investments made with debt must yield a higher rate of return than the debt used to fund it. While Biden’s plan has a hint of investment, it is primarily social welfare.
As noted by Dr. Brock, government spending has shifted away from productive investments, like the Hoover Dam, that creates jobs (infrastructure and development) to primarily social welfare and debt service, which has a negative rate of return.
As shown in “Biden’s Stimulus Won’t Solve Poverty:”
“According to the Center On Budget & Policy Priorities, in 2020, roughly 75% of every tax dollar went to non-productive spending.
‘In the fiscal year 2019, the Federal Government spent $4.4 trillion, amounting to 21 percent of the nation’s gross domestic product (GDP). Of that $4.4 trillion, federal revenues financed only $3.5 trillion. The remaining $984 billion came from debt issuance. As the chart below shows, three major areas of spending make up most of the budget.”
Where do your tax dollards go
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/image_2021-03-21_100935%20%281%29.png?itok=LOKhaOdb
“Think about that for a minute. In 2019, 75% of all expenditures went to social welfare and interest on the debt. Those payments required $3.3 Trillion of the $3.5 Trillion (or 95%) of the total revenue collected.
Given the decline in economic activity during 2020, those numbers become markedly worse. As a result, for the first time in U.S. history, the Government will issue debt to cover mandatory spending.”
As Dr. Brock noted above, the U.S. is now “Country A.”
“Today we are borrowing our children’s future with debt. We are witnessing the ‘hosing’ of the young.’” – Dr. Brock
Infrastructure Won’t Grow The Economy
While the Biden Administration promises the “infrastructure” plan will create jobs and grow the economy, it most likely won’t.
As noted by the Mises Institute:
“There is a fallacy that government spending, on infrastructure or anything else, creates jobs or economic growth in the aggregate. Murray Rothbard addressed the issue in great detail in his article ‘The Fallacy of the ‘Public Sector.’’ In summary, there is no such thing as the Infrastructure Fairy that takes government spending and magically turns it into economic growth.”
As the Mises Institute points out, Government spending is ultimately a “zero-sum” game given the money gets borrowed and, eventually, gets repaid through the collection of taxes.
“The money spent on infrastructure must get borrowed, taxed, or printed (a tax not called a tax) out of the non-government economy. One minus one equals zero. That’s not conservative economics or liberal economics. It’s not Democrat economics or Republican economics. It’s just economics.”
As shown, there is no evidence that more money borrowed and spent by the Government will lead to more robust economic growth rates or prosperity.
See Chart:
Not A Good Buy: -$4.70 of Debt / 1 of GDP Growth
Continue reading up to:
THE REAL SOLUTION
The honest answer is to allow the private sector to do what it does best: efficiently allocate capital for profitable outcomes.
“We would get a real revolution in infrastructure by adopting reforms from abroad to privatize passenger rail, airports, seaports, air traffic control, water systems, and other facilities. There is no need to subsidize infrastructure if it can be moved out of the government and supported by user fees. Rather than spending $2 trillion, we should privatize infrastructure where feasible and cut taxes and regulations on the rest.” – Cato Institute
There is one easy definition for “infrastructure” that politicians should adopt – if it requires a tax credit or incentive to encourage people to use it, it isn’t infrastructure. But this is the long and unprofitable history of the government selecting winners and losers in the economy. If there is a product, service, or need, the private sector will figure out how to produce it profitability. If it isn’t viable, it will die a natural death. That is the “Darwinian” nature of capitalism.
But this is a lesson dismissed by politicians who are more worried about winning the next election than creating economic prosperity for all.
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SOURCE: https://www.zerohedge.com/political/infrastructure-spending-could-be-good-it-wont-be
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Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
MISSISSIPPI CLAIMS MEMPHIS IS STEALING ITS GROUNDWATER, SUPREME COURT TO DECIDE
A long standing battle between states over water rights is headed to the Supreme Court...
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BIDEN'S EO MARKS A REMARKABLE SHIFT IN THE OVERTON WINDOW
Today, all the neoliberal table’s legs are being sawed at - rhetorically in the US, and via actions in China - even if Wall Street and global corporates are straining to hold the table up with their bare hands.
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis, D rest in limbo
NEAR WW3 IF US pass d PARACEL islands in S-China see. US provocat will be Resp
CHINESE MILITARY "DROVE AWAY" US WARSHIP NEAR PARACEL ISLANDS IN SOUTH CHINA SEA
"Nothing PRC (People's Republic of China) says otherwise will deter us."
….
URGENT to call UN World Assembly asap. We want PEACE not WW3. The urgent dismantle of nuclear weapons worldwide is mandatory; otherwise both sides RU-CH + allies and US-UK & German (NATO) base will be destroyed mutually. NO winner perspective with WW3. IF UN Assembly don’t ACT, many NEW nuke-missiles will be installed all-over the World = total world destruction + new pandemics derived from nuclear infestation of global air.
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SUSPECTED MASTERMIND OF HAITI PRESIDENTIAL ASSASSINATION ARRESTED
"The initial mission that was given to these assailants was to protect the individual named Emmanuel Sanon, but afterward, the mission changed."
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SPUTNIK NEWS : https://sputniknews.com/
- Havana Accuses US-paid Mercenaries of Fomenting Weekend's Protests
- Guaido's Wife Claims Venezuelan Police Want to Detain Him
- Shameless US Hypocrisy on Cuba
- Power Play in Asia: India Seals $1.3Bln Hydropower Project in Nepal Amid China's Growing Presence
- US Slaps Visa Restrictions on 100 Nicaraguan Lawmakers, Officials, Their Families
- US Reviewing Request to Send Troops to Haiti, White House Says.
- Unclear to US What Haiti's Future Political Leadership Will Look Like
- Iran Running Negotiations With US on Exchange of Prisoners
- Iran Running Negotiations With US on Exchange of Prisoners
- ‘We May Never Know' COVID-19 Origins, Claims Scientist
- Racist Abusers of England Players Should 'Crawl Back Under Their Rock
- Germany Continuing Dialogue With US on Nord Stream 2
- US, Russia Have ‘Very Construct’ Climate Proposals to Work Through, Kerry Says
- Britain Bans Militant White Supremacist Group 'The Base'
- Putin: 'Wall' in Relations Betw Russia and Ukraine as 'Great Common Misfortune
- US Troop Withdraw From Afghanist Too Hasty, Soldiers Leave Equipment Behind
- House Subcommittee Inexplicably Asks to Slash Spending on US’ ‘Super-Duper’ Hypersonic Missile
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JUL 12 2021 PART 2 ND SIT EC y POL SPANISH ++
REBELION
Geo-Pol: US YA NO PUEDE DETENER A CHINA H López B
VEN: País donde guerra híbr se observ en todo esplend E Ll
Chile: POSNEOLIBERAL, FEMINISTA Y PLURINACIONAL A Ramis
ALC: COL y Haití: la máquina continental del desolvido Diana C A
Mundo: Palencia vs Guerra Fría entre China y Estados Unidos? J P C
ALC: HAITÍ Y EE.UU., UN VÍNCULO TÓXICO Aldana Vales
ARG: PROBLEMAS DE CRECIMIENTO E INFLACIÓN J C. Gambina
BOL: PROCESO DE CAMBIO, ¿UNA REV SIN IMÁGENES? J Peralta
España Migrantes con y sin papeles no pued abrir cuenta bancaria FB
España El FEM se ha vuelto feo: ¿qué está pasando? Nuria Alabao
Chile: Convenc constitucl pide desmilitariz y gob asesina a mapuche TT
Chile : Elisa Loncón y fin del colonialismo forestal en Wallmapu AKV
COL: LA “POLÍTICA SOCIAL” DEL FASCISMO Fernando Rubio
Cuba Convoca presid A ENFRENTAR INTENTOS DESESTABILIZADORES
Cuba: Con estímulo a coops, Cuba intentará potenciar su economía
España: POR REPÚBLICA FEDERAL: NACIÓN DE NACIONES Víctor A
España: Antifascismo y juventud. El caso d Estado español Iñaki Gil
MX: Estado permisivo d violen a Pueblo Indígen de Chiapas Fabiola Z
Africa LA FRONTERA AFRICANA Carmen Victoria Montes
Sudáfrica Nación Arco Iris pract actos de barbarie contra inmigr negr
PAL: Palestina expulsa al invasor y paraliza al colaborador Ramón P
Afganist: TALIBANES, HACIA VICTORIA INCONTENIBLE Guadi Calvo
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RT EN ESPAÑOL
El Gob de ARG denuncia penal a Macri por envío de armas a Bolivia
AMLO: Si US quisiera ayud a Cuba lo 1ro que se debe hacer es suspender el bloqueo https://actualidad.rt.com/actualidad/397579-lopez-obrador-despligue-informativo-cuba
Lo demás es bla-bla hipócrita
Empresa US contrató mercenar colomb en el asesinato del presidente de Haití https://actualidad.rt.com/actualidad/397567-empresa-seguridad-contratar-exmilitares-colombianos-haiti
Díaz-Canel acusa a US de aplicar "una polít-Eco de asfixia " pro "estallido social" https://actualidad.rt.com/actualidad/397577-diaz-canel-dice US crea Econ de asfixia
Rusia apoya a Cuba y tacha de "inaceptable" intento US de desestabilizar el país. https://actualidad.rt.com/actualidad/397569-rusia-sigue-desarrollo-situacion-cuba
Arrestan en Haití a un médico de Florida acusado de ser el autor intelect del asesinato https://actualidad.rt.com/actualidad/397545-arrestar-medico-florida-haiti
Jugadores ingleses sufren "atroces" abusos racistas tras su derrota ante Italia https://actualidad.rt.com/actualidad/397557-jugadores-ingleses-sufren-atroces-abusos-racistas
Por qué Evo Morales acusa a EE.UU. de reeditar el Plan Cóndor https://actualidad.rt.com/actualidad/397565-evo-morales-eeuu-reeditar-operacion-condorcreo
El plan condor creo el ataque terrorista d US contra la Elec del socialista Allende, plan destinado a derrotar las org de Izq sociaista en todo Lain-Am. Cuando llegaron a Perú el US sufrió una gran derrota: 24 jefes mercen fueron enviados al infierno con morteros caseros. Jamas regresaron. Los asilados chilenos fueron protegidos en Perú.
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VOLTAIRE NET ORG https://www.voltairenet.org/en
TURKEY SENDING JIHADISTS FROM IDLIB TO AFGHANISTAN
Following the departure of regular US troops from Afghanistan, Turkey has stepped in to protect the Kabul authorities from the Taliban.
Turkish secret services are recruiting 2,000 combatants among the jihadists stationed in the Turkish-occupied area of Syria to send them to Afghanistan.
Moreover, Turkish secret services have already resorted to using Syrian-based jihadists in the Libyan war and in the Upper Karabakh conflict. If pulled out from Armenia, the “Syrian” jihadists are regularly replaced by others in Libya.
SOURCE: https://www.voltairenet.org/article213644.html
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Amy Goodman’ team
- Let the People Decide: Former Haitian Gov’t Minister on Political Chaos After President Assassinated
- No U.S. Troops in Haiti: Rep. Alexandria Ocasio-Cortez Says Military Mission Would Not Help Country
- Rep. Ocasio-Cortez: Progressives May Sink Bipartisan Infrastructure Bill Without Reconciliation Deal
- AOC: U.S. Must Mass Produce COVID-19 Vaccine for World, or Pandemic Could Drag On for Generations
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