Feb 23 2022 Part B SIT ECON y POL
ND denounce- debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
"ECONOMIC INJUSTICE": 72% OF PPP MONEY WENT TO THE TOP 20% OF EARNERS IN AMERICA
And just 25% of funds went to businesses that would have otherwise lost it. Former Pres. Candidate Marianne Williamson calls this "structural rigging" and I agree, connecting the dots from PPP to QE.
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WTI SHRUGS OFF HUGE CRUDE INVENTORY BUILD, CUSHING DRAWS CONTINUE
Crude stocks rose dramatically last week according to API, building almost 6mm barrels relative to a modest 767k expectation...
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CBS EARNS BLISTERING RATIO FOR TRYING TO BLAME US INFLATION ON UKRAINE SITUATION
What was that about propaganda?
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OUR FINANCIAL SYSTEM IS OPTIMIZED FOR SOCIOPATHS AND EXPLOITATION
Authored by Charles Hugh Smith via OfTwoMinds blog,
Let's call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons...
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PETER SCHIFF: THE FED INFLATION FIGHT WILL CAUSE A RECESSION... AND MORE INFLATION
"The recession is the cure for the mistake. The mistakes were made a long time ago... But the problem is the economy is so sick, we can’t survive the cure"
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
BIDEN WANTS US TO BE POLICE OF THE WORLD BUT CAN'T EVEN DEAL WITH THE VIOLENCE IN OUR OWN STREETS
Biden and his minions may be strutting around as if they are “the masters of the universe”, but everyone can see that the emperor and his servants don’t have any clothes on...
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THE FED'S PROBLEM: "IT'S ALL ABOUT THE MONEY"
By Joseph Carson, former CIO of Alliance Bernstein
Removal of liquidity will appear in asset prices, financial ones before tangible, long before it shows up in conventional measures of inflation...
The Fed has a problem. It's in the business of creating money, but it formulates monetary policy without regard to money itself. So in times when its policy decisions produced a record surge in broad money, policymakers are not attentive or alerted to the negative (inflation) consequences.
From February 2020 to the end of 2021, broad money increased by $6.5 trillion or over 40%. That increase over less than two years is roughly equivalent to the rise over the previous ten years. Yet, policymakers who have long argued that "inflation is always and everywhere a monetary phenomenon" called the surge in inflation transitory, owing to supply bottlenecks. Had policymakers still recognized money as a potential source of inflation, it would not be in the pickle that they find themselves today.
See Chart:
US M2
https://cms.zerohedge.com/s3/files/inline-images/m2%20feb%202022.jpg?itok=XHTQPBDc
The Fed started this inflation fire by creating too much money. Now, it has to produce less. In January 2022, broad money is up roughly 14% in the past year, down from 25% a year earlier, but still far too fast to kill the inflation dragon. Policymakers have to curtail money growth to a rate well below nominal GDP. That will require a substantial increase in official rates and a sizeable shrinkage in the balance sheet.
Removal of liquidity will appear in asset prices, financial ones before tangible, long before it shows up in conventional measures of inflation. Mr. Market, the biggest beneficiary of Powell and company liquidity bonanza, will soon cry about too little liquidity. Investors forewarned.
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SOURCE: https://www.zerohedge.com/markets/feds-problem-its-all-about-money
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BILL GATES SARDONICALLY COMPARES WEARING A MASK TO WEARING PANTS
Asks “what is the downside?” while not wearing a mask
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
JPMORGAN PUBLISHES TERRIFYING TAKE ON WHAT UKRAINE CRISIS WILL DO TO COMMODITY PRICES
"The world could see an extended period of elevated geopolitical tensions and high risk premium in all commodities given Russia’s far reaching impact on global commodities markets."
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RUSSIA SPEAKS OUT AGAINST HIGH OIL PRICES AS BRENT NEARS $100
High oil prices are good for Russia’s budget... but oil so high is also hitting other sectors of the economy and slows demand growth...
TIME TO READ:
THE 4 WAYS INFLATION KILL DEMOCRACY
https://www.rt.com/news/550142-how-inflation-kills-democracy
22 Feb, 2022 11:38
By Mitchell Feierstein
Mitchell Feierstein is the CEO of Glacier Environmental Fund and author of ‘Planet Ponzi: How the World Got into This Mess, What Happens Next, and How to Protect Yourself.’ He spends his time between London and Manhattan. Join Mitch on Twitter, Instagram, and Facebook
Inflation often precedes huge political upheavals. As average Americans start to feel its bite, how worried does the US need to be about its democracy?
As multi-billionaire Charles Munger once said: “Inflation is the way democracies die. Once you’ve got a populace that learns it can vote itself money. If you overdo it, you ruin your civilization a lot.”
The prolonged surge in global inflation should frighten everyone, despite several years of promises from central bankers, who created this mess, that “inflation is transitory.” These bankers have been lying since 2010.
Inflation determines survival options for a democracy. These include where one can live, how one can feed and care for their family, if and where one may travel, right down to how much gasoline a family can afford for the week.
The cost of crude oil has skyrocketed 174% in a little over a year, and it’s going higher, much higher. The cost of roasting beef per kg surged by an eye watering 29%, and it’s a safe bet your pay-packets did not rise by 30%.
When thinking about how inflation may pour fuel on existing members sparking ‘a death of democracy moment’, we need to identify inflation's root causes and examine how they may create a chain reaction capable of destroying democracy and civilization. Studying the history of economic events and cycles that preceded the destruction of past democracies may help us predict, prepare and protect ourselves, and our families, from likely future outcomes. The four warning signs that signal trouble ahead are:
- 1-Prolonged inflation featuring excessive non-productive debt
- 2-Devaluation of currency
- 3-Significant wealth inequality
- 4-Dishonest politicians enabled by media propagandists and phony fact-checkers
Inflation was a primary cause of the Roman empire's collapse. To repay debt, the Romans devalued their currency by decreasing the weight and purity of the silver contained in its denarius from 100% silver down to .5% silver. At that point, the economy was ravaged by hyperinflation that saw prices rise over 1,000%. Simultaneously, the Roman empire was increasing its non-productive debt to unsustainable levels. The tragic steps that followed saw the rule of law suspended, civil wars begin, and, eventually, the empire fell.
After Germany’s defeat in World War I, the Weimar republic, which already had high inflation from war debt, and its increasing government debt obligations, saw inflation march even higher. In addition, Weimar’s reckless money printing caused hyperinflation that saw a 1923 to 1924 price increase for a loaf of bread of 80,000%. These events created an economic depression so severe that it led a fearful and starving population to elect a populist leader “promising food on every German’s table and a car in every garage.” This marked the accent of Adolf Hitler, and we all know what happened next.
In 2008, Zimbabwe set new hyperinflation records when its inflation rate increased 80 billion percent month-to-month. The cost of an egg in Zimbabwe: 50 billion dollars. The reserve bank of Zimbabwe issued one hundred trillion-dollar banknotes. A decade of horrible monetary policy featuring reckless money printing, excessive non-productive debt, a decline in economic output, and corruption caused the rapid collapse of Zimbabwe.
Will the biggest financial Ponzi scheme in history – more than $250 trillion is the true US debt – mark the end of democracy?
In 2019, pre-Covid pandemic, Laurence J. Kotlikoff, a senior economist who served as a member of President Ronald Reagan’s Council of Economic Advisers, estimated the true indebtedness of the United States to be over 220 trillion dollars. Essentially, the US governments has been under-reporting the true level of indebtedness. They do not include the legally binding future obligations to pay social security (SS), Medicare, and Medicaid. In 2019, the SS gap between the present value of outlays vs. the present value of receivables was $43 trillion. The gap for Medicare and Medicaid was $165 trillion. Today’s numbers are even more staggering; as reported in the Social Security Administration 2021 Trustees Report, the gap has jumped to $59.8 trillion, an increase of 39.5% in two years. Conclusion: SS, Medicare, and Medicaid are unsustainable and insolvent Ponzi schemes running exponentially larger and larger deficits, expecting to pass on the massive debt to future generations. This will end badly.
The US government reported that January 2022’s Consumer Prices Index surged by 7.5%, that is the highest inflation print in 40 years. However, that understates the current real rate of inflation, which is between 15% to 19%, if you use the 1980's methodologies. The calculation methodologies were ‘adjusted’ to hide inflationary pressures impacting trillions of dollars in payments affected by COLA (Cost of Living Adjustment) indexed payments. Manipulating inflation lower provides governments a way to hide inflation and pick-the-pockets of savers. Creating phony inflation rates allows insolvent governments to lower their outgoing COLA payments.
If a slick Wall Street salesman said to you: “I have a ten-year investment where on an inflation adjusted basis you are guaranteed to lose money,” would you be interested? Why would anyone buy a US 10-year bond that yields 1.97% when inflation is at least 15%? Good thing the Federal Reserve is, 12 years later, still using its temporary emergency measures to purchase 20 billion dollars’ worth of bonds per month with its quantitative easing programs.
Inflation is printing at 40-year highs, which indicates the 13 years of extreme fiscal profligacy is approaching an endpoint. Financing the existing amounts of government, corporate and high yield debt, even at current interest rates, is not sustainable. If this thesis is correct, the most significant financial crisis in history is now unavoidable.
In January 2021, Joe Biden appointed Janet Yellen as the US Treasury Secretary, who advised Biden that stimulus will “at most be a small contributor to inflation.” Yellen was wrong. Before the Treasury job, Yellen worked in the Fed system for nearly two decades, creating the reckless money printing policies with Ben Bernanke and Jerome Powell that got us into this mess. Janet Yellen’s other forecasts were often wrong. Ben Bernanke was at the helm of the Fed during the great financial crisis of 2008; Bernanke’s forecasts were worse. Jerome Powell became Chairman in 2018. During his tenure, Powell saw departures by multiple governors for ethics violations. As far as Powell’s forecasts, he too got it wrong, parroting Yellen’s mantra “inflation is transitory,” which allowed the Fed to fall behind the curve placing in today’s lose-lose dilemma, with no way but a crash out.
In 2021, an inflationary 1.9 trillion-dollar stimulus plan was passed. Biden’s Senate finance committee, headed by Bernie Sanders, introduced a new economic policy called Modern Monetary Theory (MMT). Sanders, and Warren have been advocating for another stimulus, spending a “minimum of another $6 trillion.” They has argued that MMT ‘absolutely’ needed to be “a larger part of our conversation” along with taxing the rich between “60 and 70%.” It's like magic. Print as much money as you like. What could possibly go wrong? Well, inflation, more inflation, and out-of-control inflation.
As the USA focuses on tribalism and division, red warning lights are flashing everywhere; more than five of the warning signs described above are in place. A massive financial crisis is now unavoidable as the most significant wealth inequality gap expands to new highs. Yet, instead of warning the public or acting, the US is still living in the 1950s, shrieking about Russia and Ukraine. This is a critical moment for democracy in the USA and all indications point to it not ending well.
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SOURCE: https://www.rt.com/news/550142-how-inflation-kills-democracy
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SAUDIS WARN OF OIL SHORTAGE SHOCK, BLAME "NET ZERO" FOR UNDERINVESTMENT
“Right now, the world is facing an ever more chaotic energy transition. Several highly unrealistic scenarios and assumptions about the future of energy are clouding the picture.”
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US REJECTS ISRAELI PM'S CRITICISM OF IRAN NUCLEAR TALKS AS DEAL "A FEW DAYS" AWAY
"We cannot make the same mistake another time" - a Biden official said in reference to Trump.
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SPUTNIK NEWS : https://sputniknews.com/
- Biden Warns Russia of 'Further Consequences' After Launch of Special Military Operation in Donbass
- Putin Authorizes Special Operation in Donbass
- US to Use Russia's Recognition of DPR, LPR to Escalate Ukraine Crisis
- New US Sanctions to Affect Europe, and Ukraine More Than Russia
- Journalists Suspended From Twitter Arg 'Blatant Censorship' Over RU Views
- At Least 3 Syrian Soldiers Killed After Air Defenses Engage Israeli Strikes
- RU Defence Minister, Foreign Ministry Spokeswoman Put on EU Sanction List
- Zelensky: Ukraine Ready for Talks With Russia in Various Formats
- Three White Supremacists Plead Guilty to Power Grid Attack Plot
- Only 25% in US Say US Should Play Major Role in Russia-Ukraine Conflict
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Feb 23 2022 PART B or update: SIT EC y POL SPANISH
REBELION
Ecol S: El aceite de palma? ¡No os habéis enterado de nada M Mantxo
Econ: Michal Kalecki y la política del pleno empleo Jan Toporowski
FEM: MAIXABEL, PUTIN, LOS GOYA Y LOS ÓSCAR Miguel Lorente
ISR: Criticas a Israel en cuestión de derechos humanos? Tom Fowdy
COL: “Guerras mediáticas” contra Petro y el Pacto Histórico F Dorado
Lluvion: No culpes a la lluvia me dijo mi esposa. Nos acostamos conversando del lluvion que no cayo afuera. En la madrugada senti la lluvia en mi cara. Le había apretado la panzita a mi hijita y ella me meo la cara. No culpes a la lluvia dijo ella
Las demás noticias laa puse ayer. No hay nuevas
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RT EN ESPAÑOL
Putin decide realizar "una operación militar especial" para defender Donbass https://actualidad.rt.com/actualidad/421170-putin-decide-realizar-operacion-militar-especial-donbass
Si Putin no logra eliminar el terrorismo de NATO esta alianza terrorista (US-UK) lo elimina a él. Ojala lo logre y ya. Las regiones autónomas de este asi lo quieren.
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Biden califica de "ataque no provocado e injustificado contra Ucrania" la operación militar especial de RU en Donbass. https://actualidad.rt.com/actualidad/421172-biden-califica-ataque-provocado-injustificado-ucrania
RU se juega el petróleo y gas de las tuberías que van a Alemania y Europa. La alianza imperial pro NATO quiere destruir o tomar control de ese ‘oil’. En esa zona el imperio pierde y como buscan el WW3 usaran esa derrota como pretexto. Soy americano pero estoy en contra de los abusos imperiales. Cuba, Chile, Nicar y Venezuela fueron agredidos y eso me dolió mucho.
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Ucrania cierra su espacio aéreo. Lo veo muy difícil, pero quizá sea posible https://actualidad.rt.com/actualidad/421184-ucrania-cerrar-espacio-aereo
Los misiles de China están controlados via satélite y no creo en los de tierra
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CROSS TALK https://www.rt.com/shows/crosstalk/
- Putin announces 'special operation' in Donbass
- Donbass republics ask Putin for military help
- Russia responds to UK’s Crimean War comment
- UK could ban RT to keep ‘one narrative’
- Moscow reacts to US sanctions
- ‘Massive cyberattack’ underway, Ukraine reports
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GLOBAL RESEARCH
- Russia to the US: Your Aggression Stops Here By Christopher Black
- Zelensky: Puppet Clown on an Imperialist String By Supratim Barman
- Russia Warns of Higher Gas Prices After Ger Halts Nord Stream 2 By ZH,
- TO lugansk and Donesk Russia “Provides Peace Keeping Forces” By SF
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VOLTAIRE NET ORG https://www.voltairenet.org/en
by Manlio Dinucci -
SOURCE: https://www.voltairenet.org/article215797.html
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DEMOCRACY NOW
Amy Goodman’ team
- Nuclear War Risk Rises as Tension Mounts Between Nuclear Superpowers over Ukraine
- On Anniversary of Ahmaud Arbery Murder, Family Welcomes Historic Hate Crime Guilty Verdict
- “Pick Up the Pen, Joe”: Biden Faces Pressure to Cancel Student Debt to Fulfill Campaign Promise
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