Nueva Democracia: DIC 2 2021 P-B ND SIT ECON y POL Part 1 & P 2

The emergence and acceptance of Modern Monetary Theory has turned our economic system upside down. Skeptics of its substance and sustainability have been brushed aside temporarily but expect the MMT experiment to collapse and end in ruin. To us that believe in old school economics, debt matters and is tied directly to interest rates and inflation. Central banks across the world claim the lack of inflation is the key force driving their QE policy and permitting it to continue, however, the moment inflation begins to take root much of their flexibility will be lost. This translates into governments being forced to pay higher interest rates on their debt.

See Graphic:

https://cms.zerohedge.com/s3/files/inline-images/debt-vs-deficit1-1.jpg?itok=pHYs7BWW

With America's national debt now blowing past 29 trillion dollars, it is important to keep the numbers in perspective. Nothing is as sobering as looking at future budgets. Those of us rooted in the tried and true economics relied upon in the past are worried. For years the argument that "This Time Is Different" has flourished but history shows that periods of rapid credit expansion always end the same way and that is in default. This also underlines the reality that any claims Washington makes about the budget deficit being under control is a total lie.

See Chart:

US National debt: 1900-2020

https://cms.zerohedge.com/s3/files/inline-images/us-debt-graph-2020_0.jpg?itok=VIclmokf

Click (Here) To View National Debt Clock

America is not alone in spending far more than it takes in and running a deficit. This does not make it right or mean that it is sustainable. Much of our so-called economic growth is the result of government spending feeding into the GDP. This has created a false economic script and like a Ponzi scheme, it has a deep relationship to fraud.

When the 2018 financial year budget was first unveiled it was projected to be $440 billion. An under-reported and unnoticed later report painted a far bleaker picture. The report titled the “Mid-Session Review” forecast the deficit much higher than originally predicted. The newer report predicted the deficit would come in at $890 billion which is more than double what they predicted in March of 2017.

As a result of the American economy having survived with little effect what was years ago was described as a "financial cliff" the American people have become emboldened and now enjoy a false sense of security. Today instead of dire warnings we hear news from Washington and the media about how the stock market continues to push into new territory and all is well.

See Chart:

Fiscal responsibility: Debt would double under Obama Plan

https://cms.zerohedge.com/s3/files/inline-images/heritagechart_0.jpg?itok=T44mP6Bd

In 2019, National Debt Hit 23 Not 12 Trillion dollars

The chart to the right predicted that by 2019 the national debt would top 12 trillion dollars, instead it hit 23 trillion. Projections made by the government or any group predicting budgets based on events that may or may not happen at some future date are simply predictions and not fact. This means that such numbers are totally unreliable. The ugly truth many people ignore is that starting in 2018 entitlements became the driving force that will carry the deficit higher and higher into nosebleed territory. Even though we have seen deficits reach unprecedented levels the deficits in our future will be dramatically worse.

It is very disturbing that so many people have forgotten or never taken the time to learn recent financial history. By recent, I'm referring to the last fifty to one hundred years. The path that Fed Chairman Paul Volcker set right decades ago has again become unsustainable and many people will be shocked when this reality hits. Do not underestimate the value of insight gained from decades of economic perspective. It tells us the economy of today is far different from the way things have always been.

A Time For Action, 1980?

In his book "A Time For Action" written in 1980 William Simon, a former Secretary of the Treasury tells how he was "frightened and angry". In short, he sounded the trumpet about how he saw the country was heading down the wrong path. William Simon (1927 – 2000) was a businessman and a philanthropist. He became the Secretary of the Treasury on May 8, 1974, during the Nixon administration, and was reappointed by President Ford and served until 1977.

I recently picked up a copy of the book that I had read decades ago and while re-reading it I reflected on and tried to evaluate the events that brought us to today. As often the future is unpredictable, looking back, it is hard to imagine how we have made it this long without finding long-term solutions and addressing the concerns that Simon wrote about so many years ago. Back then it was about billions of dollars of debt, today it is about trillions of dollars. It appears that something has gone very wrong.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/interest_rate_chart_0.gif?itok=kpdqNfG0

SO: Do Not Underestimate The Importance Of The Reset By Paul Volcker In 1980

By the end of the 70s inflation started to soar. Only by taking interest rates to nose-bleed levels was then-Fed Chairman Paul Volcker able to bring inflation back under control. Paul Volcker, a Democrat was appointed as Federal Reserve chairman by President Carter and reappointed by President Reagan. Volcker is widely credited with ending the stagflation crisis where inflation peaked at 13.5% in 1981. He did this by raising the fed fund rate which averaged 11.2% in 1979 to 20% in June of 1981. This caused the prime rate to hit 21.5% and slammed the economy into a brick wall. This also affected and shaped the level of interest rates for decades.

See Chart:

Long term interest rates back to 1790

https://cms.zerohedge.com/s3/files/inline-images/interest%20rate%202_0.png?itok=sg3VZ_H-

As the debt from the Vietnam war and soaring oil prices became institutionalized we moved on. Interest rates slowly dropped and the budget came under control. In recent years spending has again started to grow and at the same time taxes have been cut. This has slowly occurred over years and has been ingrained in the system.

In 2012, with our debt at 23 trillion and growing the path has again become unsustainable and many people will be shocked when reality hits. As our debt climbs some Americans feel just as frightened and angry as Simon did so many years ago. America has kicked the can down the road, failing time and time again to face the tough decisions. Part of the problem is the amount of debt has grown so large that we can no longer imagine or put a face on it. Until now, a series of different events have delayed the day of reckoning that will eventually arrive. Many of us see it coming, but the one thing we can bank on is that when it arrives most people will be caught totally off guard.

Summary of the current situation

Today we stand at the abyss, yet no one sees or feels threatened by a "financial cliff." Insane spending has become the new normal. Who would have thought it would come to this? The updated revisions of the past have been washed away and replaced with more numbers, larger numbers. What we are witnessing today is insane. It is time to revisit the issue of how interest rates, inflation, and debt all come together. While this is not what those in charge want, it will happen. Simply put, there will be a reckoning, this time is not different.

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SOURCE: https://www.zerohedge.com/economics/our-29-trillion-deficit-interest-rates-inflation-and-debt

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OVER 42,000 ADVERSE REACTION REPORTS REVEALED IN FIRST BATCH OF PFIZER VAX DOCS

More than 25,000 of the events were classified

as "Nervous system disorders."

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TWITTER SLAPS 'UNSAFE' LABEL ON AMERICAN HEART ASSOCIATION MRNA VACCINE WARNING

Streisand Effect incoming.

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Time to bomb China: is the hidden suggestion in the coming art:

IT'S MAKE-OR-BREAK MOMENT FOR PROPERTY JUNK BONDS

By Ye Xie, Bloomberg Markets live commentator and analyst

An S&P Global study shows half the B-rated private developers WON’T SURVIVE A STRESS TEST IN THE WORST-CASE SCENARIO. [ WW3? ]

Thursday’s news of another missed bond payment by a Chinese developer reminded investors of the struggle homebuilders face, even as the worst of the regulatory tightening is behind. Debt issued by property developers, most of them junk-rated, may soon start to diverge -- with the strong credits swimming and the weaker ones sinking. In fact, an S&P Global study shows half the B-rated private developers won’t survive a stress test in the worst-case scenario.

Moody’s cut China’s property sales forecast on Thursday and reiterated a negative outlook for the nation’s housing sector, blaming “strict regulatory controls” that will “constrain ... onshore and offshore funding access” and lead to “defaults, declining sales and rising investor aversion.” Contracted property sales are expected to fall 5%-10% in 2022 versus a prior projection range of flat to a 5% drop.

See Chart:

China Home Prices

https://cms.zerohedge.com/s3/files/inline-images/china%20home%20prices%2012.jpg?itok=KburzCG2

Against such a policy backdrop, developers’ fortunes could soon start to diverge. Some Chinese developers are seeing the light at the end of the tunnel, rushing to raise funds in the onshore bond market after private-sector homebuilders issued the least amount of yuan notes in five years. Investors including T. Rowe Price Group Inc., Allianz Global Investors and Goldman Sachs Asset Management are starting to tap opportunities selectively.

Meanwhile, those with poor finances continue to suffer. The latest victim is Shenzhen-based Kaisa Group Holdings Ltd., which has yet to pay interest due Wednesday on a dollar bond, two note holders said. The firm had to make a $17.5m coupon payment on $300m note due 2026, Bloomberg data shows. There’s a 30-day grace period before a default can be declared.

S&P’s research showed that half of the B-rated developers cannot meet their debt obligation within a year.

Continue reading at:

SOURCE: https://www.zerohedge.com/markets/its-make-or-break-moment-property-junk-bonds

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TODAY'S INFLATION TRIVIA: CARBON OFFSETS

The one inflation literally no one is talking about,

is the cost of buying carbon offsets?

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US DOMESTIC POLITICS

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

"JUSTICE IS COMING": QANON SHAMAN IS APPEALING THE RESULT OF HIS GUILTY PLEA

He was recently sentenced to more than

three years in prison for his role in the "riot".

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It is time to return my medicare & Medicaid benefits suspended las month

CENTERS FOR MEDICARE AND MEDICAID SERVICES SUSPENDS VACCINE MANDATE ENFORCEMENT

“Between the two of them, these injunctions cover all states” as well as Washington, D.C. and U.S. territories,

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IF not returned, my case will go to COURT, said one FBI agent

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SEC CHAIR GENSLER: BITCOIN COMPETES WITH THE US BANKING SYSTEM

Gary Gensler said... Bitcoin was created “as a reaction” to the U.S. monetary system and its worldwide consensus.

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GOLDMAN OFFERING "BURNT OUT" EMPLOYEES NEW BENEFITS, INCLUDING SABBATICAL AND PAID BEREAVEMENT LEAVE

Nothing says "stress relief" more than paid bereavement leave...

The latest chapter in the "do anything to make our bankers happy so they don't quit and/or make another public slide deck" saga comes from the halls of Goldman Sachs.

The bank is reportedly implementing new worker benefits in order to combat employee burnout, according to a new report from the Wall Street Journal.

It's part of a continued push to retain employees at a time when the nation is facing a historic labor shortage and power has shifted to the workers in many industries.

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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

IRAN HAILS "FRUITFUL" VIENNA NUCLEAR TALKS; ISRAEL ASKS BIDEN TO URGENTLY SUSPEND DIALOGUE

"Iran is engaged in nuclear blackmail as a negotiation tactic — this must lead to an immediate suspension of the talks..."

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RU is the aggressor said the US Media, while both RU-JA are ready to negotiate a deal.

RUSSIA DEPLOYS ANTI-SHIP MISSILES NEAR JAPAN ON DISPUTED KURIL ISLANDS

"This is our sovereign right... it is unlikely that it can be challenged by anyone”

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IRAN SAYS ISRAEL IS SPREADING LIES TO "POISON" NUCLEAR DEAL TALKS

"...fake news designed to destroy prospects for success."

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Xenophobic’ poison in the claim that there’re SLAVES IN CHINA

DEMOCRATS BLOCKING SENATE BILL THAT BANS IMPORTS MADE WITH UYGHUR SLAVE LABOR

Rubio: "Today we have American corporations using slaves in China."

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Either there is a miss conception of slavery (people life + labor owned by masters): it doesn’t happen in China or this claim is just stupid xenophobia.

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Again vax terrorism by Big Pharma. A Study said Omicron is a severe flu In Africa ++

FUTURES SLIDE AFTER FIVE "MILD" CASES OF OMICRON VARIANT DETECTED IN NEW YORK

"while [Omicron] may be highly transmissible we want people to know that the early cases that arise are not life threatening, they seem to be minor cases"

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What will kill is the vaccine business coming from Big Fharma. People should be trained to preserve & reinforce their immune system with vitamins D3, E ++ plus exercises under the sun & new diet full of greens & roots like beets.

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SPUTNIK NEWS : https://sputniknews.com/

- America's Epidemic: The US’s Massive Mass Shooting Problem

- Israel, UAE Eye Teaming Up to Bid For Hosting of World Cup 2030 to 'Enhance Ties and Improve Image'

- New Norwegian Government to Restrict NATO Traffic Near Russia

- France Snubs BoJo Offer of Joint Calais Patrols, Tells UK to Focus on ‘Legal Immigration Paths’

- ISS to Perform Avoidance Maneuver Against Space Debris on Friday

- US Midterms 2022: Democrats Fear Congressional Shakeup as 19 House Dems Will Not Seek Reelection

- 'I Knows It's Not Me': Alec Baldwin Says He's Not to Blame for Fatal 'Rust' Shooting

- Australia AUKUS terror Designates Entirety of Hezbollah Group as 'Terrorist Organisation'

- Daughter of Malcolm X Malikah Shabazz Found Dead in Brooklyn Home US fascism!

- US Shared Intel Maps With European Allies Showing Alleged 'Buildup' of Russian Troops

- Six Teens Hospitalized After Shooting Near Colorado High School

-New York City Hit With Powerful Winds, Hail as Severe Storm Blasts Through Tri-State Area

- CIA Chief Was Dispatched to Russia to Warn Against Alleged Troop Build-Up Near Ukraine

-- Strong 5.9-Magnitude Earthquake Rattles Central Chile

- Israeli Aircraft Conduct Strike in Damascus Outskirts, Syrian State

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DIC 2 2021 PART 2 ND SIT EC y POL SPANISH ++

REBELION

Ecol-S: - VERDES, SÍ, COMO EL COLOR DEL DÓLAR Manuel Ligero

Econ: LOS MERCADOS Y LAS CALIFICADORAS Alejandro M del Pont

Nicaragua: REVOLUCIÓN TRAICIONADA, Y DEMOCRACIA APLASTADA

Perú: DEMOCRACIA VS DESTITUCIÓN DEL GOBIERNO Raúl Allain

Cultu: Manuel Sacristán Luzón, un filósofo concernido Ariel P

Ecol-S crisis climátic agrava desigualdades urbanas en ALC M Osava

BRA Erika Hilton: Brasil es un país racista, LGTB-fóbico y machista ED

Chile: EL CANDIDATO KAST Y LA OPERACIÓN CÓNDOR R Pizarro

Chile: El fantasma de Pinochet recorre Chile en estas elecciones PW

Opin: LEONES EN EL RUEDO Carolina Vásquez

Cuba: Orientación jurídica ante violencias y vulneración de derechos

USA: RENDICIÓN DE CUENTAS David Brooks

África : Potencias ONU alimentan la guerra de Etiopía con sus armas

Mund: AUSTRALIA: SOCIO FIEL DEL IMPERIALISMO Y EL SIONISMO PL

Mund : Arsenal nuclear y militarizac climat: Una mezcla explosiva O P

Mund: GUERRA TOTAL = VERGÜENZAS DE «OCCIDENTE» Andrés P

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RT EN ESPAÑOL

MX contempla "represalias" contra US por "discriminatoria" a sus autos eléctricos https://actualidad.rt.com/actualidad/412463-mexico-contemplar-represalias-comerciales-eeuu-autos

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Congreso US evita cierre del Gob federal al aprobar el proyecto de ley d presupuesto https://actualidad.rt.com/actualidad/412478-congreso-eeuu-evita-cierre-gobierno

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Lavrov: "transformar a nuestros países vecinos en trampolín para enfrentar RU es inaceptable" https://actualidad.rt.com/actualidad/412380-transformacion-paises-vecinos-trampolin-enfrentamiento-rusia-inacceptable

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Predicen Nueva Guerra Fría, crisis constitucional en US y aumento de esperan d vida en 25 años https://actualidad.rt.com/actualidad/412419-nueva-guerra-fria-crisis-constitucional

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PENTA: Lo mejor sería no ver una incursión RU en Ucrania https://actualidad.rt.com/actualidad/412466-jefe-pentagono-dice-espera-ver-incursion-union-sovietica-ucrania

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Mujer transexual bate record nadando como hombre en olimpiadas internas por 3 anios. https://actualidad.rt.com/actualidad/412458-nadadora-transgenero-romper-records-locales

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CROSS TALK https://www.rt.com/shows/crosstalk/

Por fin una introduce sin corte de la frase final

CrossTalk: UKRAINE IN PLAY

Again, there are rumors of war. There are rumors of invasion. And again, the country is Ukraine. There are allegations of a Russian military build-up near its Ukrainian border. Though it is a fact that Kiev is receiving lethal aid from NATO countries. Who benefits from this stratagem?

Source: https://www.rt.com/shows/crosstalk/542008-ukraine-nato-russia-invasion/

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GLOBAL RESEARCH

Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO allies

- Don’t Take the ‘New Strain’ Omicron Bait By Jordan Schachtel

- Australian Army Begins Transferring COVID-Positive Cases, Contacts to Quarantine Camps By Zero Hedge

- FDA Wants 55 Years to Release COVID Jab Reaction Data By Dr. Joseph Mercola,