Nueva Democracia: Aug 1 2021 ND SIT EC y POL Part 1 & Part 2

Aug 1 2021 ND SIT EC y POL Part 1 & Part 2

ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco

ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

WHY DON'T BILLIONAIRES PAY THE SAME HIGH TAX RATES THE REST OF US PAY?

By Charles Hugh Smith via OfTwoMinds blog,

THE TRUTH IS AMERICA HAS LOST ITS WAY if commoners pay a rate of 40% but its billionaires pay next to nothing...

What precisely is the logic of reducing taxes on the wealthiest few to near-zero? If there is no logic, then we're left with corruption: America is a moral cesspool.

The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing. Please note Karma and Divine Retribution are not controlled by the billionaire's lackeys and apparatchiks in the Federal Reserve. The pendulum of exploitation has reached its extreme, and the reversal to the opposite extreme is underway.

See interesting Chart:

https://cms.zerohedge.com/s3/files/inline-images/billionaires12-20%20%284%29.jpg?itok=wMe__3Ye

….

SOURCE: https://www.zerohedge.com/personal-finance/why-dont-billionaires-pay-same-high-tax-rates-rest-us-pay

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Income that don’t come from work but fake-easy money create false well being

EARNINGS HAVE TO GROW AT 3.8% IN PERPETUITY FOR STOCK PRICES TO MAKE SENSE

by Tyler Durden

While the US equity market has historically delivered high returns, the current cost of equity (expected return) at 5.7% is near its lows. To deliver this level of expected return, the US equity market needs to grow earnings at 3.8%

SocGen's economics team notes, the neutral rate for 10y USTs is 3.5%. This would suggest a 7.5% annualized return from the US equity over the long term.

See Charts

https://cms.zerohedge.com/s3/files/inline-images/rolling%2010Y%20return.jpg?itok=eSVVnwkk

The next question is what growth is implied in current level of the US equity market. US equity needed to grow earnings at around 1.5% every year to deliver a return of 5.7%. Compared to that, the earnings growth now required for a 5.7% return is 3.8%. The higher the earnings required to deliver the same level of return, the more expensive the market.

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/required%20equity%20return.jpg?itok=3QbkPGc7

Bottom line: when seeking to answer what growth is in the price in the US, the answer is that while the US equity market has historically delivered high returns, the current cost of equity (expected return) at 5.7% is near its lows. Clearly, the expected return is much lower than the realized return. However, to deliver this level of expected return, the US equity market needs to grow earnings at 3.8% perpetually.

In my view: Earning at 3.8 or ++ will only will create a fake well being that inflation will kill easily.

Read the full article above at:

SOURCE: https://www.zerohedge.com/markets/earnings-have-grow-38-perpetuity-stock-prices-make-sense

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Cryptos: the key for billionaires to evade taxes don’t have fut IF you take cont of future

KEY CRYPTOCURRENCY DEVELOPMENTS AND UPDATES FROM JPMORGAN

For those tired of listening to JPM's conflicted musing as it tries to create a lower entry point for its prop traders, here is nothing but facts from the Crypto Weekly report at the world's largest bank:

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GOLDMAN'S TOP 10 TAKEAWAYS FROM JULY

It was a busy month.. [ See Chart ]

Here, courtesy of Goldman's Chris Hussey, are the top 10 takeaways from July:

1. The vaccine didn’t kill the virus but it has kept people out of hospitals. [ out of cemeteries either: they burned or cremated] The vaccine didn’t kill the virus but it has kept people out of hospitals (so far).

See Chart:

Cases: deaths & vaccine progress

https://cms.zerohedge.com/s3/files/inline-images/cases%20vaccines_0.jpg?itok=9421Vwam

[ A estos ‘humanistas’ hay que darles el premio nobel de la indecencia humana ]

2. Peak growth may still be ahead of us (or already occurred).

3. China has other priorities. [ China nada que ver con US’ CV pandemic ]

4. Corporate profitability remains robust.

5. Inflation may indeed be temporary and not 1970’s style.

6. There’s no place like stocks.

7. There’s no place like Treasuries.

8. There’s no place like Commodities.

9. Credit is a bit more complicated.

10. Back to work meets back to the kitchen table

A realization that the work-adjacent economy is likely to recover at a slower pace than we originally anticipated is behind Goldman's lower US GDP growth forecasts as well (see above).

SOURCE: https://www.zerohedge.com/markets/goldmans-top-10-takeaways-july

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MORGAN STANLEY: YIELDS ARE "A WAYS OFF" WHERE THEY SHOULD BE

"Markets see the first rate hike in March 2023, and a pace of ~1.5 rate hikes per year thereafter.... this implied pace is too low, especially when one looks at the June dot plot, where six FOMC members pencilled in a pace of three o

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BILL BLAIN WARNS "FINANCIAL ASSET INFLATION IS NOW CREEPING INTO THE REAL WORLD"

"...what we're really seeing is all the inflation that's been generated over the last 12 years of monetary experimentation."

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US DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.

WESTERN SOCIALISM & EASTERN CAPITALISM

by Alasdair Macleod via GoldMoney.com,

... the US is showing signs that she realises that she has LOST GROUND TO CHINA IN THE FINANCIAL VERSION OF THE GREAT GAME...

Introduction

There has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notably in Afghanistan. But the diplomatic war against Iran also appears to have been downgraded and the US presence in Iraq is to be wound down. Furthermore, President Biden has downplayed his objections to the Nord Stream 2 pipeline between Russia and Germany.

In this, the greatest of Great Games, America has seen the strategic advantage move to the China—Russia partnership, which probably explains why the US is backing off from Asia. Meanwhile, China’s production-based economy is strong while that of the US remains weak, a weakness only disguised by monetary inflation.

Main Subtitles

The financial war intensified under Trump

The trade wars, Act 2

Playing into Chinese hands

China has discouraged the sort of asset speculation on its own patch that creates dangerous bubbles. This is illustrated in Figure 1.

See Fig 1

https://cms.zerohedge.com/s3/files/inline-images/Western1.png?itok=bgynhjtU

Protection from the fall-out

China’s future strategy

The role of gold in China’s geostrategy

Conclusion:

If the dollar does face a severe crisis, being the world’s reserve currency, it will undermine the entire global fiat complex, including China’s yuan. The premium placed on national gold stocks will rise accordingly, and China’s economic and geopolitical strategies will prove to have been very wise.

SOURCE: https://www.zerohedge.com/geopolitical/western-socialism-eastern-capitalism

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ILLINOIS UNCONCERNED AS COMMUNICATION AND 'SCIENCE' BEHIND COVID POLICY SLIP TOWARD CHAOS

The White House wanted to scare people enough to get vaccinated, but not so much as to cause them to question the vaccine. It didn’t work.

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We have a totalitar Fed System that control main parts of social life, includ fake Dem

THE ROAD TO TOTALITARIANISM

(Right title: The road inside totalitarianism}

We didn’t get here overnight...So pick a side, if you haven’t already

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We venerate the killers instead of put them all in jail

FDA MAY GRANT FULL APPROVAL FOR PFIZER JAB AS EARLY AS SEPTEMBER

"We’d like to see it approved as fast as humanly possible."

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La dictadura nueva no borra la vieja: la reproduce

TAIBBI: CAN HISTORY ITSELF VIOLATE 'COMMUNITY STANDARDS?'

...it’s no joke... if we’re going to put machines in charge of cleaning our mental universes, the past is going to be one of the first casualties...

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Life without decent place to live is not real human life. If fire burn the place: you move

'PURGE-LIKE SIREN' BLARES NEAR US CENSUS BUILDING, KEEPS RESIDENTS UP AT NIGHT

"I just want to know what it is..."

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If fire burn the place, census doesn’t make sense: you don’t exist but you r alive

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The CDC doesn’t prevent decease, it cover up its spread & the kills from vaccines

10 REPUBLICANS BACK BILL CALLING FOR AUDIT OF THE CDC

“These guidelines, like most of the Biden Administration’s actions these days, make little sense and seem without scientific direction...”

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HIGHER GAS PRICES MEAN HIGHER TAXES: ILLINOISANS NOW PAY THE NATION'S 2ND-HIGHEST GAS TAXES

As gas prices jump in Illinois, so do the gas taxes Illinoisans must pay. Illinois is one of just four states to impose a general state sales tax on gasoline, and that’s helped push Illinois’ gas taxes to the 2nd-highest in the nation, according

[ See Chart ]

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MAJOR UNIONS PUSH BACK AGAINST BIDEN'S VACCINE MANDATES

Groups representing educators, postal workers, law enforcement officers, Treasury Department personnel and other government employees expressed unease..

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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

3 MAJOR AFGHAN CITIES BESIEGED BY TALIBAN AS KANDAHAR AIRPORT HIT BY ROCKET FIRE

"After seizing large tracts of rural territory and capturing key border crossings, THE TALIBAN HAS NOW STARTED TO BESIEGE PROVINCIAL CAPITALS": Al Jazeera.

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PROTESTERS RAGE IN PARIS AGAINST "HEALTH PASSPORTS"

"I think our freedom is in danger."

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SPUTNIK NEWS : https://sputniknews.com/

- US Ditching Afghanistan to Face 'Brutal Civil War' With 'Islamist Takeover' Likely, Warns General

- Nearly 40 Talibs Killed as Afghan Forces Thwart Attempt to Storm Prison in Lashkar Gah

- Starlink Reportedly Plans to Build Satellite Ground Station on Isle of Man, Cover UK With Internet

- Teachers Safe Working With Just One Vaccine Shot, Norwegian Health Minis Says

- Partially-Eaten Body of Infant Found in India After Wild Animal Attack

- What's Inside $1Trln Infrastruct Bill Unveiled by US Senators Following Weeks of Discussion?

- Four Dead in California Helicopter Crash