Nueva Democracia: SEP 23 2021 ND SIT ECON y POL Part 1 & 2

SEP 23 2021 ND SIT ECON y POL Part 1 & 2

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

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Warning:

Tropical Storm Sam Forms In Atlantic Basin, Expected To Become Major Hurricane This Weekend

"Intensification is expected through the rest..."

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ZERO HEDGE ECONOMICS

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

This Has To Be A Mistake

by Tyler Durden

... but after triple-checking it we are pretty sure it's correct.

While we were digging through the data for today's household net worth report we stumbled upon something that seem beyond ridiculous: the ratio of Household Net Worth to Disposable Net Income. At 786% in the latest quarter, the chart at first appears to be a mistake but we triple checked it, and... well, here it is.

See Chart:

Household net worth to disposable net income: Record 786

https://cms.zerohedge.com/s3/files/inline-images/household%20net%20worth%20q2%202021.jpg?itok=BnMLaRU_

The latest, all-time high print is an increase from 698% in Q1 and also represents the biggest quarterly increase in history!

See Chart:

Biggest qtrly increase in net worth /dipossable--> income on record

https://cms.zerohedge.com/s3/files/inline-images/disposable%20income%20increase.jpg?itok=Kd6vnFCu

This number is so ridiculous, it is almost 50% higher than the long-term average of 540%. More importantly, it means that the total net worth number we reported earlier today, which in Q2 hit a record high of $142 trillion, is massively inflated on the back of what is obviously the biggest asset bubble on record.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/net%20worth%20small.jpg?itok=Wpt4DHHX

It also means that if one were to strip away the asset bubble, and net worth was purely a reasonable function of disposable income, then total net worth worth be haircut by 31%, or some $43 trillion, which incidentally, is equivalent to the net worth of the top 1% of US society...

See Chart:

Assets by wealth percentile group in 2021: Q1

https://cms.zerohedge.com/s3/files/inline-images/breakdown%20of%20net%20worth%20q2%202021_0.jpg?itok=Z0XwzKKp

and which as we showed earlier today is a record 32% of total household wealth

See Chart:

Distribution of US household wealth

https://cms.zerohedge.com/s3/files/inline-images/household%20distribution%20Q1%202021_0.jpg?itok=UBCG4dkn

As an aside, the fact that the top 1% have gained $10 trillion in wealth since the covid pandemic outbreak, is probably just a coincidence, and yet...

Covid has been the best thing ever to happen to the wealthy and powerful. No wonder they don’t want it to end

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/has-be-mistake

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Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counteparty Limit

Another day, another all time high.

As ICAP economist Lou Crandall wrote, “much, perhaps, all of that cash is likely to be moved to the Fed today,” adding that he was looking for volume to rise to the $1.325 trillion to $1.35 trillion range.

In retrospect, he was on the low side, because at 1:15pm ET the Fed revealed that courtesy of the counterparty ceiling cap doubling, the total usage on the Fed facility soared by $69.2 billion to a new record high of $1.352 trillion, the highest on record.

See Chart:

Fed O/N Reverse Repo Facility Usage

https://cms.zerohedge.com/s3/files/inline-images/rev%20repo%209.23.jpg?itok=LZJ-EiEL

However, while today's spike is unlikely to see a substantial decline especially since the Fed will continue injecting inert liquidity via QE until at least such time as the taper ends some time in 2022 (assuming it ends), Crandall also noted that today's surge will be short-lived as GSE cash will have to be moved to its non-interest-bearing deposits on Friday in order to be available to meet UMBS payment obligations Monday morning.

In terms of future fund flow dynamics, there are several cross-currents: the monthly influx of cash from GSEs adds to the glut related to the Fed’s ongoing asset purchases and Treasury’s drawdown of its cash balance. At the same time, the Treasury continues paying down its bill supply as it attempts to stay under the debt ceiling.

And with the TGA account nearly depleted as a result of the debt ceiling fiasco and likely to be replenished dramatically in Q4 once the debt ceiling drama is over, the reverse repo usage will drop sharply in Q4 as the Treasury floods the market with a record amount of bills as it seeks to replenish its cash supply, as counterparties convert reserves to Bills.

SOURCE: https://www.zerohedge.com/markets/fed-reverse-repo-soars-record-135-trillion-after-fed-doubles-counteparty-limit

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US DOMESTIC POLITICS

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

Moderna CEO Sees 'Return To Normal' Life In A Year If We All Take Vaccine Booster Shots Indefinitely

...two-tier society that punishes the unvaccinated

could remain in place forever...

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Michigan Gov. Whitmer Bans Masks/Vaxx Mandates As Polls Crash, Re-Election Fight Looks Grim

...agreed on a budget proposal that includes language banning health officials from enforcing mask ... vaccine mandates...

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WE love PEACE NOT WAR and Biden promised PEACE BUT:

Five B-21 Raider Stealth Bombers Are Now In Final Production

Five Raiders are being built at Air Force Plant 42 in Palmdale...

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Biden Security Adviser Jake Sullivan Tied To Alleged 2016 Clinton Scheme To Co-Opt CIA/FBI To Tar Trump

Sullivan is facing scrutiny, sources say, over potentially false statements he made about his involvement in the effort...

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FOMC Voting Rotation Matters More Than A Hawkish Dot Shift

by Tyler Durden

In 2023, the FOMC voting bias is flipped on its head. Two hawks rejoin (Harker/Kaplan) but a broad range of the current hawkish contingent are benched as a flock of doves, including Evans/Kashkari assume voting

Firstly, dots are individual projections, do not distinguish between voting and non-voting members and likely reflect views from policy makers whose terms will come to an end over the dot horizon. They aren’t really summary forecasts or a promise of action and are most certainly not fungible by any means.

See Chart:

June ‘dots’ vs September ‘dots’

https://cms.zerohedge.com/s3/files/inline-images/dots_0.jpg?itok=RZwXaYr6

Secondly, while we undoubtedly had a technical shift in the 2022 median dot and 2023 snapping up to 1.5 hikes (we can put the new 2024 dot on the bench for the time being) the key point here is exactly who is going to do the voting. We can spend the next few weeks and months playing guess-the-dot, or we can look at the voting rotation on the FOMC to analyse the balance of power.

In 2022, four hawkish regional Fed Presidents rejoin the voting roll (Bullard, George, Mester, Rosengren) with two doves (Evans, Daly) dropping off. The “year of the hawks“ gives the 2022 hawkish shift more credibility assuming the Fed’s accelerated tapering is completed mid-2022 with few hiccups along the way.

Beyond that it gets a bit messy. In 2023, the FOMC voting bias is flipped on its head. Two hawks rejoin (Harker/Kaplan) but a broad range of the current hawkish contingent are benched as a flock of doves, including Evans/Kashkari assume voting positions... all while dots (currently) point to three hikes.

See Chart:

FOMC dove-hawk spectrum

https://cms.zerohedge.com/s3/files/inline-images/2023%20voters.jpg?itok=dCuDyy-X

Plausible? Sure. Probable? Less so.

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SOURCE: https://www.zerohedge.com/markets/fomc-voting-rotation-matters-more-hawkish-dot-shift

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Brandon Smith: Organizing Patriots In The Face Of Government Informants And False Flags

This is why a considerable portion of establishment money, energy and propaganda is directed at defusing or sabotaging any semblance of conservative organization...

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Freedom From Fear: Stop Playing The Government's Mind Games

Fear makes people stupid...

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"Hyperinflation" Tops List Of Fears For UBS Clients

"At some point, the markets are going to figure this out, understand the Fed’s predicament, and then it’s going to hit the fan..."

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US Meat Prices To Remain Elevated Amid Depleted Reserves

Beef, pork, and chicken in US cold storage warehouses have yet to recover.

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"Ghost Guns": Why The Government Desperately Wants To Ban 3D-Printed Weapons

Nobody loves controlling others more than the government, so it’s no surprise that they’re desperate to ban 3-d printed guns...They’re ready to take gun control to a whole new level with this.

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Evergrande Auto Hasn't Sold A Single Car, But Has Enriched Its Founder And His Friends Plenty

One "friend" of the founder bought 80 million shares in the company before it was renamed as Evergrande Auto for HK$0.30 each. They then sold them all for HK$50 per share, netting the friend more than HK$4 billion

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North Carolina Hospital System Suspends Hundreds Of Employees After COVID-19 Vaccine Mandate

"Beginning this week, approximately 375 team members... have been confirmed to be non-compliant and are not able to report to work,"

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CV vaccine’ terrorism continue

CDC Panel Approves Pfizer Boosters For Older Americans Despite More Pushback

There are more votes to come...

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Yo me vacuno si 1ro ponen en la cárcel a los asesinos del CV’ vaccine, dicen los que cuidan su immune system y rechazan las vacunas

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Federal Workers Sue Biden Over Vaccine Mandate

...lawyers claim that Christians are required "to refuse a medical intervention, including vaccination, if his or her informed conscience comes to this sure judgment".

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Invading Billionaires business? .. WHO INVADE WHO?

US Congress Quietly Sneaks In Crypto-Bill Amendment Authorizing Central Bank Digital Currency

According to the Digital Asset Bill, section 11 of the Federal Reserve Act is to be amended to provide the Federal Reserve Board with new powers..

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by Tyler Durden

JPMorgan finds "strong preference for ethereum vs. bitcoin futures by institutional investors."

It's not the first time that a major bank has expressed preference for ethereum over bitcoin: back in May, when Goldman published its initiating coverage on the crypto sector (available for professional subs in the usual place), the bank was surprisingly dismissive toward bitcoin which it saw as an electricity-draining Proof-of-Work, one trick pony...

See Charts:

Bitcoin : sizing the market

https://cms.zerohedge.com/s3/files/inline-images/gs%20bitcoin%20sizing_0.jpg?itok=3-o_zZz6

.. while praising ethereum (which is well on its way to becoming a much more efficient Proof-of-Stake in its Ethereum 2.0 metamorphosis) which it summarized as having the potential to one day become the "amazon of information" to wit:

It’s all about information

In our view the most valuable crypto assets will be those that help verify the most critical information in the economy.

Since this information is immutable—it cannot be changed without consensus—the trusted information can then be tokenized and traded. A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today.

See Charts:

Ethereum sizing the market

https://cms.zerohedge.com/s3/files/inline-images/ethereum%20sizing%20market_1.jpg?itok=Zk8nqf2t

Ether beats bitcoin as a store of value

Given the importance of real uses in determining store of value, ether has high chance of overtaking bitcoin as the dominant digital store of value. The Ethereum ecosystem supports smart contracts and provides developers a way to create new applications on its platform. Most decentralized finance (DeFi) applications are being built on the Ethereum network, and most non-fungible tokens (NFTs) issued today are purchased using ether. The greater number of transactions in ether versus bitcoin reflects this dominance. As cryptocurrency use in DeFi and NFTs becomes more widespread, ether will build its own first-mover advantage in applied crypto technology.

Ethereum can also be used to store almost any information securely and privately on a decentralized ledger. And this information can be tokenized and traded. This means that the Ethereum platform has the potential to become a large market for trusted information.

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/jpmorgan-institutional-investors-are-piling-ethereum-leaving-bitcoin

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Against nazi-fascit genocides?

GOP Rep Demands HHS Address Claims Of Underreported Vaccine Injuries Following Project Veritas Video

"Nazi Germany…I mean, think about it including the Jewish Star..."

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US corruption has NO limits:

Hunter Biden Tried To Charge Libya $2 Million To Recover Billions Frozen By Obama Administration: New Emails

"His negatives are that he is alcoholic, drug addict - kicked [out] of U.S. Army for cocaine, chasing low class hookers, constantly needs money-liquidity problems and many more headaches."

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US-WORLD ISSUES (Geo Econ, terrorism, Geo Pol & global Wars)

Global depression is on…Iran search for State socialism, D rest in limbo

Corona Wars: Biden's Battle For Total Control

"It will not be enough for them to silence dissent – they will demand everyone participate in and celebrate their new authoritarian health regime. Biden isn’t even trying to hide it anymore..."

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France: "Time & Action" Needed To Restore US Ties; PM Morrison Says Macron Giving "Cold Shoulder"

Biden & Macron agreed to start "consultations" over rebuilding frayed ties within NATO alliance.

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SPUTNIK NEWS : https://sputniknews.com/

- Palestinians to Harvest Olives But They're Wary of Settlers, Here's Why

- Taliban Want to End Drug Trafficking From Afghanistan, Seeking Russian Assistance

- Trump Vows to Use 'Executive Privilege' to Stonewall Jan. 6 Panel Subpoenas

- US Mainstream Media Silent as Book Suggests Authenticity of Hunter Biden Emails on Burisma, China

- US Envoy Lenderking Says Dialogue With Russia on Yemen ‘Very Helpful’

- US Prosecutors Demand $80Mln Bond to Release Novatek CFO Gyetvay

- US House Passes National Defense Authorization Act to Fund Pentagon in Fiscal Year 2022