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

NOV 23 2021 ND SIT ECON y POL Part 1 & P 2

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

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US COVID DEATHS IN 2021 HAVE SURPASSED 2020'S TOTAL... DESPITE VACCINES, TREATMENTS

This wasn't supposed to happen..

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ZERO HEDGE ECONOMICS

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

"A Drop In The Ocean": Goldman Mocks Biden's Tiny SPR Release

by Tyler Durden

"the aggregate size of the release of c. 70-80 mb was both smaller than the 100+ mb the market had been pricing in, with the swap nature of most of these barrels implying an even smaller c. 40 mb net increase in oil supplies over 2022-23."

Goldman's commodities team, which for most of 2021 has been extremely bullish on the price of oil which it sees rising to $90 by year end and remaining higher for years to come, has not been exactly timid in its view on what Biden's SPR release will do to the price of oil: two months ago, when the idea was first floated, Goldman said that an "SPR Sale Would Release Only 60MM Barrels; Will Bring Even Higher Oil Prices", and then, less than a week ago when oil prices tumbled, the bank said that with Brent below $80, "A Biden SPR Release Is Now Fully Priced In And Will Send Oil Price Even Higher In 2022."

Well, Goldman was right, and as we showed today, Brent exploded higher after news of the smaller than expected SPR exchange (not release) finally hit turning sell the rumor into a "buy the news" frenzy.

See Chart:

Brent Crude: SPR release announced

https://cms.zerohedge.com/s3/files/inline-images/brent%20crude%2011.23_0.jpg?itok=2mIsa4F7

Not surprisingly, after the dust finally settled, it was time for Goldman's commodity guru Damien Courvalin to take a victory lap and in a note titled "A Drop in the Ocean" (it's all too clear what the title was referencing).

A Drop in the Ocean

... he writes that as details of government crude reserve releases started being released today, with 50 million barrels (mb) from the US and as much as 30 mb from Korea, Japan, China, India and the UK, "the aggregate size of the release of c. 70-80 mb was both smaller than the 100+ mb the market had been pricing in, with the swap nature of most of these barrels implying an even smaller c. 40 mb net increase in oil supplies over 2022-23." That, as Courvalin points out, is in the context of a market drawing up to 2mb/d at present!

See Table:

The SPR release is swap heavy, with limited effective commitments beyond US SPR

https://cms.zerohedge.com/s3/files/inline-images/spr%20release%20is%20swap%20heavy.jpg?itok=wK9hOU7w

Continue reading & see more charts until you arrive to this conclusion:

Finally, with the US an importer of gasoline from Europe, US gasoline prices would spike to curtail domestic demand, creating a negative hit to US economic activity.

Come to think of it, this is precisely what Biden will do next.

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SOURCE: https://www.zerohedge.com/markets/drop-ocean-goldman-mocks-bidens-tiny-spr-release

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US DOMESTIC POLITICS

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

Lawsuit Imminent? Psaki Deflects After Kyle Rittenhouse Says Biden Defamed His Character

"Actual malice..."

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“Defaming the character” is what happens all the time with State Agencies like SOCIAL SECURITY ADMINISTRATION with 3 parasitic sub-sections that contradict each other to finally sent a letter to me: eliminating my Social Security Benefits. When I talk to FBI agent (family member inside) he told me that this bureaucracy is going to be reduced & you may get the section that is the most affected for new rules. It is possible that they committed double felony (double Actual Malice) and if they don’t rectify soon, they may be sued in court. IF this happens to me (Hugo Zegarra: 76 years old with very limited resources) it may happen to other poor people too. I guess FBI is now processing investigation before putting the case in the respective Court. I will wait and just in case I got the support of 3 pro-bono lawyers (1 for each section of this parasitic bureaucracy) These pro-bono lawyers will provide info to FBI,

The 3 sections of Social Sec Administration are:

1-Social Security Administration. PO Box 67002

Wilkess Barre, PA 18767-7002

2-Social Security 6117 Station St. Pittsburgh PA 15206-2510Su: here my prob:

In Nov 22 this office sent me a letter saying that my ‘income’ was more than $ 2,000, for Sept 2021. That was not ‘income’. That was Fed solidarity with poor people, that happens only 1 or 2 Months a year (now eliminate). This can’t be considered income. Income is a permanent money received a wages for given works to a company. The miss-interpretation of income I what is called actual intentional ‘malice’. That is a big felony against the poor that has to be rectified asap, otherwise this case will go to Court. I did work from time to time in the FED Court of Pittsburgh (drug related cases) and I know Judges that can accelerate the punishment of this fault committed by SSI station in Pgh PA.

3-Suplemental Security Inc me. SSA

WSU Spec Project Unit. 601 E 12^Th Street

Kansas City MO 64196

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DOJ Intervenes To Defend Section 230 In Trump's Facebook Lawsuit

...defending the constitutionality of Section 230, a federal statute derided by both Trump and President Joe Biden.

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US COVID Deaths In 2021 Have Surpassed 2020's Total... Despite Vaccines, Treatments

by Tyler Durden

This wasn't supposed to happen..

The virus was reported as the underlying cause of death (or a contributing cause of death) for an estimated 377,883 people in 2020, accounting for 11.3% of deaths, according to the CDC. As of Monday, more than 770,000 people have died from the coronavirus, according to Johns Hopkins University data. That means over 15,000 more people have died in 2021 than last year from COVID-19 – and there's still more than a month left.

See Chart

US COVID Deaths

https://cms.zerohedge.com/s3/files/inline-images/bfmA9FC.jpg?itok=BOxsjiL5

This has happened despite the fact that last year no Americans were vaccinated (now 59% of all eligible Americans have had the "life-saving" jab) and some 17% have received booster shots...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm21D4.jpg?itok=ksiW92t5

The 2021 U.S. death toll caught some doctors by surprise. They had expected vaccinations and precautionary measures like social distancing and scaled-down public events to curb the spread of infections and minimize severe cases. But, The Wall Street Journal has its own explanation, suggesting lower-than-expected immunization rates as well as fatigue with precautionary measures like masks allowed the highly contagious Delta variant to spread, largely among the unvaccinated, epidemiologists say.

Among missteps, Dr. Abraar Karan, an infectious-diseases doctor at Stanford University, said, public-health officials failed to effectively communicate that the purpose of vaccines is to protect against severe cases of Covid-19 rather than to prevent the spread of infection entirely, which may have led some to doubt the effectiveness of the shots.

CDC has an excuse too, claiming that there was a larger undercount of Covid-19 deaths in 2020, when the disease was newer and a scarcity of tests made confirming some infections difficult.

Deaths remain concentrated in older people (81% of 2020 deaths were among people aged 65 and above, and 69% of the same cohort in 2021).

Still could be worse (and still could be if this latest trend continues in the US)...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/bfm158C.jpg?itok=MG9GnGN3

“The vaccine is not a panacea,” said Ana Bento, an epidemiologist at Indiana University-Bloomington.

Well that's pretty clear now, eh!?

This wasn't supposed to happen...

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SOURCE: https://www.zerohedge.com/markets/us-covid-deaths-2021-have-surpassed-2020s-total-despite-vaccines-treatments

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Best Buy Crashes As Margins Slide Due To "Organized Retail Theft"

"We are seeing more and more particularly organized retail crime."