Nueva Democracia: Feb 5 2022 Part 1-2 SIT ECON y POL

Feb 5 2022 Part 1-2 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

Trying new currency filled with real gold?

NEW PRIVATE CURRENCY USES BILLS FILLED WITH REAL GOLD

By Jackson Elliott of The Epoch Times

“We don’t want anybody thinking Gold-backs are dollars. Their value is higher than dollars.”

Modern currencies such as Bitcoin expect to find success in a more technological world, but a new currency known as Goldbacks might corner the post-apocalyptic currency market.

In 2019, Goldback president Jeremy Cordon said he had a dream in which he saw people paying for groceries using golden bills. Cordon had previously worked for years trying to make gold into functional money, but the dream gave him a new idea: What if a bill small enough to buy groceries could include a tiny percentage of gold?

“This felt like an epiphany because I saw people using gold as a regular money,” he said. “This fit into the vision that anyone anywhere could use gold as their currency of choice.”

For thousands of years, anyone who wanted to buy goods with gold faced “the small coin problem,” Cordon told The Epoch Times. A 1-ounce gold coin, worth about $2,000, is far too expensive for everyday use, but a cheap gold coin is impractically small.

“Gold is the best money, but it can’t buy a loaf of bread,” he said.

To solve this problem, Cordon used new technology to create a bill that sandwiches a particle-thin gold layer between two layers of polymer—THE GOLDBACK. THE RESULT CAN BE WORTH AS LITTLE AS $3.80.

BE PREPARED

At a time when Bitcoin has devoured most of the private and local currency market, Goldbacks have arrived late to the private currency world. In the 1980s and ’90s, private currencies experienced a boom around the United States, according to University of Central Oklahoma professor and local currency expert Loren Gatch. But since then, they’ve been on the decline.

Cities such as Ithaca, New York, and Berkshire, Massachusetts; businesses such as coal mining camps; and political groups such as left-wing activists and libertarian anti-government enclaves have all used private currencies.

But even amid a private currency decline, Goldback has $20 million of bills in circulation, according to Cordon. They’re recognized as legal tender in Utah and Wyoming and are legal for use in New Hampshire, Nevada, and South Dakota. This number puts Goldbacks at the top end of what private currencies have ever achieved.

If society collapses, Goldbacks are made of something that has remained valuable throughout human history, Cordon said.

“You can barter with gold just about anywhere in the world. And that’s part of why people buy gold,” he said. “If it’s the apocalypse, if our electrical grid goes down, you don’t want Bitcoin or dollars.”

According to Mills, Goldbacks practically advertise themselves as they spread through transactions. People are eager to use a currency when they know it’s gold.

“This is the first company I’ve ever worked with where the product sells itself,” Mills said. “In 25 years of marketing, I’ve never been involved with a product where consistently in board meetings and executive meetings we’re saying, ‘What do we do to slow demand?’”

Continue reading at:

SOURCE: https://www.zerohedge.com/technology/new-private-currency-uses-bills-filled-real-gold

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Real Economic Collapse

The title suggest this people work the fear spread by owners of vax dirty business BUT?

THIS IS THE WORST EARNINGS SEASON SINCE COVID EMERGED AND IT'S ABOUT TO GET MUCH WORSE

By Tyler Durden

We are facing negative EPS print - as well as a broader economic recession - as soon as the third quarter.

Amid seemingly pervasive gloom and doom that the market is this close from crashing, the reality is that with more than half of S&P 500 companies (accounting for 75% of earnings) having reported earnings, 78.8% of companies have beaten expectations (compared with an average of 84% over the past four quarters, according to Refinitiv).

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/reporting%20by%20week.jpg?itok=m063BYdf

That's the good news.

The bad news is that, as Bank of America has calculated, 4Q consensus EPS is tracking just 2% above where it stood on Jan 1, led by tech (but this is about to get hit badly) and financials, while revenue beats are even more precarious, tracking at just +1% versus consensus ..

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/earnings%20tracker.jpg?itok=b62EGFBD

[That is REL ECONOMIC DEBACLE ]

... which is far weaker than prior quarters since COVID when EPS was +11% on average vs. consensus by Week 3.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/4q%20tracking%20weaker.jpg?itok=VJxgcO8t

The proportion of beats is also tracking at the weakest level since COVID: 72%/73%/58% beat on EPS/sales/both, better than the post-Week 3 historical average of 64%/58%/44%, but well below the post-COVID average of 80%/77%/67%.

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/proportion%20of%20beats.jpg?itok=4mRfoQZ9

"It was huge beats last year and that's shrunk," said Nick Raich, CEO of The Earnings Scout. "It's partially reverting back to normal, but it's also the supply-chain pressures and inflationary pressures taking a toll."

Ominously, the growth stocks which have long served as the market's "generals", have underperformed value stocks by 8ppt YTD, representing the biggest underperformance since Feb 2001. A hawkish Fed is seen as the major culprit of the sell-off, but fundamentals have started to weaken relative to Value. Since the end of 3Q21, 2022 earnings estimates for NDX fell 0.8%, while estimates for the S&P 500 rose 1.9%, indicating weaker fundamentals for Growth stocks relative to the overall market. That's also why according to BofA, despite the big underperformance in Growth YTD, we believe it is still too early to rotate into Growth stocks.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/ndx%20earnings%20revisions.jpg?itok=kzPNzQW6

With revenue and EPS beats are clearly stalling, net margins (ex-Fins) are tracking largely in-line with conservative expectations of a big 100bp drop QoQ – margins have driven only a 1% EPS beat, while beats in prior post-COVID quarters have mostly come from better margins. Meanwhile, companies that beat on both sales & EPS performed in-line with the S&P 500 the following day on average, underscoring the backdrop of elevated sentiment/valuations.

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/relative%20performance%20q4%202021.jpg?itok=G8B-thiD

This is also why with (stalling) growth priced to perfection, for yet another quarter there has been no reward for beats, as companies that beat on both the top and bottom line see no upside one day after reporting, while the punishment for misses remains stark

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/no%20alpha%20for%20beats.jpg?itok=TSmpREPo

Drilling down into the cost side of the income statement, BofA's Corporate Misery Indicator - a macro indicator for profit environment - slightly improved QoQ, as pricing (CPI) accelerated faster than costs (wages). However, a further rise in wages is a bigger risk to corporate margins than PPI or commodities, where labor represents as much as 40% of total costs according to the BEA. The BofA Corporate Misery Indicator, which uses average hourly earnings as a negative input, has been highly correlated to YoY earnings growth (66%). The correlation drops significantly to just 28% using PPI instead of average hourly earnings, and to negative 46% using the Bloomberg Commodity Index (Exhibit 13). To BofA, this means that corporate margins are at risk amid rising wage pressure.

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/corporate%20misery%20indicator.jpg?itok=L_p3rEyF

Paradoxically, none of this is registering yet at the macro level, as analysts still expect the S&P 500 to break margin records in 2022
As shown in the chart below, analysts expect 4Q to mark the near-term trough in corporate margins and forecast margins expanding in 2022 to a record high by 2Q. What's harder to swallow is that this is attributable to two sectors reaching new margin highs: Consumer Discretionary (4Q21 at 5.5% to 3Q22 at 9.0%) and Industrials (4Q21 at 8.6% to 3Q22 at 11.0%) where these are two of the most labor-intensive sectors.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/consensus%20expects%20record%20margins.jpg?itok=81Gbajg3

Even though Wall Street refuses to see what's in front of it, corporate America is starting to freak out: based on BofA's Predictive Analytics team’s analysis, corporate sentiment remained weak so far this quarter, only slightly recovering from last quarter, which was the lowest level since 3Q20. This matters because sentiment score has been highly predictive of the following quarter’s earnings growth YoY (54% r-sq), and points to slowing earnings growth ahead.

See Charts:

https://cms.zerohedge.com/s3/files/inline-images/corporate%20sentiment%20weaker.jpg?itok=hqnCY01-

Continue reading and you will see very interesting charts at:

SOURCE: https://www.zerohedge.com/markets/worst-earnings-season-covid-emerged-and-its-about-get-much-worse

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US DOMESTIC POLITICS

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

A nuestros soldados los enfermaron gravemente antes de suicidio colectivo: WW3

PENTAGON RESPONDS TO DOD WHISTLEBLOWERS' CLAIM OF SPIKING DISEASE RATES IN THE MILITARY AFTER COVID VACCINE MANDATE

“The Department of Defense, the Biden administration is on notice they must preserve these records and this must be investigated...”

….

Aunque quieran hacerlo.. DE ESTIO NO SE PUEDE ACUSAR A RU-CH, si al PENTA por complicidad con los terroristas que lucran con las vacunas

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Fraudes mediáticos: es lo mas común en la prensa US:

BLOOMBERG HAD FAKE HEADLINE "RUSSIA INVADES UKRAINE" ON HOMEPAGE FOR 30 MINUTES

Kremlin blasts "dangerous" scenario where false headlines could trigger premature conflict...

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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

La PAZ tiene sus beneficios y la guerra sus maleficios. Peace Will bring benefits W-wide

US GAS DIPLOMACY WON'T AVERT PRICE SPIKE IF RUSSIAN SUPPLIES INTERRUPTED: KEMP [ See Chart ]

In the event a NATO/Russia conflict reduced or halted pipeline supplies to Europe for more than a few days, the global production-consumption balance would worsen and prices would surge higher for all consumers outside the United States.

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After we failed sabotaging the Olympics in China the coming QT is valid:

HOW MUCH DOES IT COST TO HOST THE OLYMPICS?

The scope of the Olympics has scaled up drastically...

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Satira pornografica:

SATURDAY SATIRE: TRUDEAU VOWS TO BREAK BIDEN'S RECORD FOR CONSECUTIVE DAYS HIDING IN THE BASEMENT

"...right now my highest duty as Prime Minister is to remain in my basement and watch PornHub..."

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Sin querer queriendo ayudaron a liquidar el USD en el Mercado mundial

VISUALIZING WHERE CRYPTOCURRENCY IS MOST HEAVILY USED

Vietnam is the undefeated winner of the ranking, scoring high on overall crypto transaction value as well as payments made by individuals. [ See MAP ]

….

El sur d US y MX están plagados de cripto currencies. En el Sur Latino: COL-Chile

….

What we’re seeing in crypto is a massive acceleration of the lifecycle of these types of projects...

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El sabotage al Petróleo Venezolano tiene hoy sus efectos tardíos

GAS PRICES AT PUMP HIGHEST SINCE 2013; BIDEN LOSING WAR AGAINST INFLATION

Even higher prices are set for the months ahead.

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IF WW3 comes Latino countries will declare ZERO debt & Z interest rate: Am-dream die

AMERICAN DREAM MEGAMALL HAS JUST $820 IN ITS RESERVE ACCOUNT AFTER MAKING $9.3 MILLION INTEREST PAYMENT

The mall has another interest payment due in August...

….

“MegaMall y similares se comieron MILL del interest rate y no quieren pagar impuestos por tanto no van a poder aplicar al LLR (Lending of Last Resort) del FED-Reserve= QEs & Bailouts. Pero: como estos fraudes dan vida al sistema capitalista, quizá los grandes estafadores reciban el LLR del Estado. Veremos.

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SPUTNIK NEWS : https://sputniknews.com/

- Two Cruise Ships Reportedly Arrested in Bahamas Over Unpaid Fuel Bills

- NYC Mayor Eric Adams Apologises for Calling Former White Police Colleagues 'Crackers'

- Far More Dangerous & Contagious HIV Variant Discovered in The Netherlands

- French Presidential Hopeful Le Pen Vows to Replace EU if Elected

- US Stoking Anti-Russia Fear With Claims of ‘False Flag’ Attack Plot

- US Worried About Russia, China Moving Closer Together

- Police in France's Lille Use Tear Gas at Protests Agnst Presidential Hopeful Zemmour

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Feb 5 2022 PART 1-2 ND SIT EC y POL SPANISH ++

REBELION