SEPT 7 SIT EC y POL
ZERO HEDGE
Dead
Market Walking - Chinese Stock Trading Volume Collapses To 3 Year Lows.
Submitted by Tyler Durden on 09/08/2015
With "selling" outlawed and anything but
cheer-leading stocks higher subject to detainment, it appears the Chinese government has managed
to undo 3 years of liberalization and financial deregulation in the space of a
week.
[ So.. this is the end of corrupted neoliberalism in China .. I agreed & I take this as departure point :]
[ So.. this is the end of corrupted neoliberalism in China .. I agreed & I take this as departure point :]
….
[ TWO AVENUES TO EXPLORE RECENT CHANGES IN CHINA’S ECONOMY: 1st a Qt: Is dead the neoliberal market in China ? If so
and the economy is walking.. it could means that China economy is getting a new life.
In other words, they could have
created a type of metamorfosis that some
political scientist could call “Rev from above”
.. Thanks to a quick & radical State process of correction
(separation & liquidation of the evil speculative capital) China is walking
toward a market economy with heavy tones of social responsibility.. explainable
by the presence of the Comunist Party members.
In recent history this will be the 2nd time that happens a
radical change from the top, .. the first happens during Deng Xiao Ping era ..
when they cleaned & deposed the Maoist radicals .. this time the cleaning may represent a go back to State dirigism in which the SOEs
takes command at expenses of the private west depredation of the economy.
…
The 2nd avenue has to do with the upraise of a mixing economy in which State capital and
private-inversion capital from the West join together to create a market
oriented economy depurated from the US mafias & fraud speculators that
predated Chinese economy. .. If this is the case we may have something similar
to the German & Scandinavian type of dynamic .. with chances of transition
toward controlled democracy in which coops and small-middle entrepreneur sector of society have a command voice. We may
have in the future a socialist democracy TiTO- Yugoslavia style or
Velasco-Peruvian style “not communist and not capitalist” controlled by a “deep-state”
in which both the Comunist Party &
the associated productive capitalism walk hand on hand. The difference between
the first model and the second one is actors an dynamic of the process that separate “Top down Rev”
vs “Bottom up rev” . Since the process
of change just started we cannot predict which option will prevail .. this depends
on macro-economic factors & geo-political ones. ]
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---- Syria: Imperial Responsibility, Imperial Conscience. Submitted by Tyler Durden on 09/07/2015
The hypocrisy is self-evident. That the U.S. has
covertly supported the overthrow of the Assad regime in Syria is an open
secret. That there are no American boots on the ground (at least officially)
does not absolve the U.S. of partial responsibility for the refugee catastrophe
unleashed by the Syrian war. Empire comes with responsibilities, and it
should come with conscience. The U.S. is not a passive observer in
Syria. Those of us outside the Deep State have no idea what's been done or
supplied or promised in the name of the American people. Shall we accept 5%
responsibility for events in Syria? That equates to 5% of 4 million refugees or
200,000 refugees. Of the estimated 4 million Syrian refugees, the U.S. has accepted a mere 1,500.
[ One observer said that the US-UK
& others in the West are taking out their mercenaries from the Middle East
.. these countries already lost control of the war process .. and before is
late they are saving them .. If this has
to do with the RU intervention in this scenery or in accord with Putin .. is
not clear yet .. Though there is a fact: the ISIS also represent a threat to
Russia .. So, todo es possible … in my opinion, Politics is the art of the impossible .. sobre
todo con Putin y Obama en el timón de los trenes mayores ]
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The events of the past few weeks should have been a
warning shot across the bow for many.Our financial and distribution systems
are in a delicate balancing act right now and any sudden shifts could send them
tumbling off the cliff rendering the services they perform extinct in a matter
of hours. What will it take to make you respond to the many crises
taking place today?
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Coming to, or rather from, every forced "minimum
wage" provider near you.
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The United States Bureau of Engraving and Printing
makes approximately $696 million in currency each day. Amazingly,
according to their very fitting website MoneyFactory.gov, in the fiscal year of
2014 they printed over $2.2 billion in $1 bills alone. It’s good
practice, because with concerns of deflation circulating around Europe and
Asia, the Feds may want to put the printing presses into overdrive.
Courtesy of: Visual Capitalist
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The
Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month.
Submitted by Tyler Durden on 09/07/2015 [ Nothing illegal in
it.. they have to do so to save their & world econ ]
The data point everyone has been waiting on is out and, just
as we tipped weeks ago, China liquidated nearly $100 billion in USD
assets during the month of August in support of the yuan.
[ $100 billion in USD assets??.. NOT,
they were not our assets but crook Corp assets.. they got such revenues by
enslaving the Chinese working labor .. they got $2 dollars a day for their hard
labor.. and on top the US performed a nasty manipulation of prices on such
commodities .. that was the stroke that
broke the camel’s back.. all these neoliberal financial frauds are over.. we
have to get a real economy, not just printing dollars from the thing air ]
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698K
Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most
Important Jobs Chart . Submitted
by Tyler Durden on 09/07/2015
… the conventional charts that algos and sometimes humans
look at. The one chart that matters more than ever, has little to nothing to do with
the Fed's monetary policy, but everything to do with the November 2016
presidential elections in which the topic of immigration, both legal and
illegal, is shaping up to be the most rancorous, contentious and divisive.
[ the real native-born Americans were first killed and dispossessed
of their land .. and then discriminated savagely … they should not vote until
they have double or triple the proportional representation they should have in
State power across America .. Why double or triple? ..To compensate the
genocide they suffer in US history ]
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Ron
Paul On Promoting Democracy With Bombs, Drones & Guns: The Neocon
Complicity In Europe's Refugee Crisis. Submitted by Tyler
Durden on 09/07/2015
While the media focuses on the human tragedy of so many
people uprooted and traveling in dangerous circumstances, there is very
little attention given to the events that led them to leave their countries.
Certainly we all feel for the displaced people, especially the children, but
let’s not forget that this is a man-made crisis and it is a government-made
crisis.
[ You right Ron .. but it is your son that should run to either
the PR or VP .. if and alliance with Sanders is set .. then in the primaries of
this 3rd choice of FRENTE POPULAR or PEOPLES FRONT is going to be decided who gets
the PR & who the VP .. we need to
capture young people & you need to support your son .. do it for the sake
of building real democracy in our country .. otherwise huge absentism will be
the result and we will have an
illegitmate rule will come .. to do the same frauds we seeing now ]
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Powder
Kegs Exploding: Violence Escalates In Turkey, Yemen As Mid-East Tips Towards
Chaos. Submitted by Tyler
Durden on 09/07/2015
The violence in two of the world's conflict hot spots
escalated materially over the weekend after a Houthi rocket attack in Marib
killed 45 UAE soldiers, prompting the delpoyment of an additional 1,000 Qatari
troops and triggering stepped up Saudi airstrikes. Meanwhile, in Turkey,
roadside bombings blamed on the PKK mean Ankara will look to plunge the country
deeper into civil war ahead of elections in November. [ now we know why the
Saudi King came to visit Obama ]
[ THE RESULT OF THE MEETING: the dirty couple Saudis & Qatar hand on hand
in the genocide in Yemen & Syria .. with the God-bless-America, of course
.. that is what we call “democratic foreign policy” ]
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Of course, the financiers and corporate executives who
pay $1,000 to attend the Jackson Hole meeting see things differently: Low wages
mean high profits, and low interest rates mean high stock prices. … Simply put, in the US, workers
are being asked to sacrifice their livelihoods and wellbeing to protect
well-heeled financiers from the consequences of their own recklessness.
----
[ Who is not? We all are
against the Fed for different reasons .. among others: the nasty interference
in our private life … But it does not mean that the FED AS UNITED SYSTEM has to
be dissolved … it has to be re-organized in the way the all states fit in it
and people rights are respected .. we are against crook bankers … their gold
and assets should be confiscated and one
central bank “nationalized” should be in charge of printing the new dollar ]
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France
Prepares To Bomb Syria In Retaliation For Refugee Crisis . Submitted by Tyler
Durden on 09/07/2015 [ that is the most idiotic idea .. I do not think it belongs to
French people ]
… Using the always-ready excuse of "grappling with the
threat of terrorism," Bloomberg
reports Hollande's response to
Europe’s biggest refugee crisis since World War II by increasing the bombing of
the very place from which the refugees are fleeing...
[ Notice that this is a Bloomberg report .. so, not truthful source ]
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Why are the global elite buying extremely remote compounds
that come with their own private airstrips in the middle of nowhere on the
other side of the planet? And why did they start dumping stocks like
crazy earlier this year? Do they know something that the rest
of us don’t?
[ The rich is making hurrah to the 1st strike
against RU-Chi .. they prefer being incinerated by nukes than to give up to their
Nation the stolen fortune they amazed.. they don’t care for the Nation.. they
are not real Americans .. they descended from evil pilgrims who came from
Europe ]
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Meanwhile
In Brussels, Farmers Take On The Riot Police With "Hay Cannon".
Submitted by Tyler Durden on 09/07/2015 [ Another result of our wrong foreign policy ]
As events unfold that have to be seen to be be believed in
Belgian capital Brussels, European farmers - protesting
plunging food prices, blamed on Russia's food embargo, which was retaliation to
Europe and US sanctions - are demanding EU intervention to bail them
out. What was originally a parade of tractors quickly turned violent as
farm equipment rammed police barricades and police released tear gas and water
jets in response to the farmers unleashing their "hay
cannon."Boomerang anyone? "EU farmers are paying the
price for international politics...There have been hundreds of suicides as a
result of disastrous agricultural policies."
[ They have the right to be bailed out .. but not the mafia bankers
& US big corporations ]
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WTI
Crude Tumbles To $44 Handle (As Algos Forget US Closed). Submitted by Tyler
Durden on 09/07/2015
[ Oil is being pumped at the bottom cost of production, with
not profits & revenues at all .. just for the sake of putting down
RU-VEN-BRA business and others in the
periphery .. that of course won’t affect much to RU that already has a deal
with China .. but will affect US partners. .. The logical effect is that the
periphery will initiate a new round of “nationalization” and with the support
of RU-Chi.. they will change partners .. China already gave money to VE &
is coming another big chank to BRA ]
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If You
Think That Was A Crash... Submitted by Tyler
Durden on 09/07/2015. [ To understand this art 1st get the technical
language of “bear vs. bull market” below ]
Last week’s volatility to the downside was entirely
predictable, as the first leg down during this ongoing market crash reached the
correction stage of 11%. The technical bounce was a given, as the 30
year old HFT MBAs on Wall Street have been trained like rats to BTFD. In their lemming like minds, it has worked for the last six
years of this Federal Reserve created
“bull market”, so why wouldn’t it work now. Last week was
their first lesson in why it doesn’t work during bear markets, and we’ve
entered a bear market. John Hussman seems amused at the shallowness of
the arguments by Wall Street shills and CNBC cheerleaders about the future of
the stock market in his weekly letter. After this modest pullback from all-time
highs, the S&P 500 is still overvalued by 92%...
[ BEAR one who believes that prices in the security and
commodity market will decline. A bear can profit from a declining stock market
by selling stock “short” OR buying a PUT option A BULL does the opposite of the
bear, thinks prices will rise. From Dictionary of Accounting Terms, by JG
Siegel & JK Shim ]
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Mass
Confusion: Fate Of US Treasurys Is Great Unknown Amid China Dumping. Submitted
by Tyler Durden on 09/07/2015
Logically, the massive liquidation of USD assets by China
and other emerging market central banks should put upward pressure on UST
yields and will, all else equal, work at cross purposes with DM central bank
QE. But all else is never really equal...
[ What confusion? .. the dollar is going to be out of the race
soon and Treasury Bonds are going to be devaluated .. not yield at all. That is all that is going to happen.. and the
FED and China knew it .. and there is no way for the IMF & WB to fix it.. without risking
their life ]
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Don’t expect to see any end to desperation and
instability in MENA, but do expect new demographic crises out of other regions:Indonesia,
Ukraine, Pakistan, West Africa, and Brazil, with its cratering economy. It’s
not inconceivable that China might bust apart politically, with centrifugal
consequences. The global economy is contracting. We have indeed attained the
limits to growth. Cheap oil is bygone and the capital infrastructure we have
won’t run on expensive oil — including the oil industry itself. New technology
or further central bank legerdemain is not going to fix that. We’re in
population overshoot and a scramble is underway to bail on the places that just
can’t support the people who live there. National boundaries will be defended.
Sentimentalists will have to step aside. History is not a bedtime
story about bunnies and kittens.
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Glencore
Capitulates: Scrambles To Avoid Default By Selling Equity, Dumping Assets,
Cutting Dividend Submitted by Tyler
Durden on 09/07/2015
Early this morning Glencore finally capitulated and admitted
defeat not only on its expansionary phase (it was just last year Glencore had
approached Rio Tinto to engage in a merger), but on its shareholder
"friendliness", with a stunning
annoucement that it would proceed in a $10 billion debt reduction,
issuing $2.5 billion in equity in the form of a rights offering, sell $2
billion worth of assets (such as "proposed precious metals streaming
transaction(s) and the minority participation of 3rd party strategic investors
in certain of Glencore’s agriculture assets, including infrastructure"),
cut working capital by $1.5 billion, cut capex and its loan book by a further
$1-$1.8 billion... oh, and it would also scrap its final $1.6 billion dividend
as well as next year's interim payout, saving a further $2.4 billion. All this because our "best way to trade China's blow
up" was finally picking up steam. [ .. that
is exactly right ]
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INFORMATION CLEARING HOUSE
Is Dropping More Bombs on Syria the Way to
Solve the Refugee Crisis?. By Kevin Ovenden
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The Real Refugee Problem – And How To Solve
It. By Ron Paul
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The Refugee Crisis and the New Holocaust.
By On Genocide
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White House: Russian Military Action Against
ISIS in Syria Would be 'Destabilizing', By Daniel McAdams
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Say Hello to China’s New Toys. By
Pepe Escobar.
No wonder China’s parade celebrating the end of WWII had to
be demonized to oblivion.
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The New Colonialism: Greece and Ukraine.
By Jack Rasmus
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Greece: Has The New Government Already
Sold-Out Before New Elections on 20 September?
By Peter Koenig
By Peter Koenig
Fear is the enemy Number ONE. It’s not the Brussels, Germany
or the troika, it is fear
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GLOBAL RESEARCH
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PRESS TV
EU
flood to swell with more refugees: UN. Mon Sep 7, 2015 If peace does
not return to Syria, thousands more asylum seekers will join the flood headed
towards Europe, says UN.
[ Unfortunately during this process of war The ISIS has to be
eliminated, even if that implies putting down the war planes that are supporting
them. There is no other way of getting peace in Syria .. that will help to bring back the refugee in Europe ]
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China
forex reserves in free fall. Mon Sep 7, 2015 China's forex reserves
have seen their biggest monthly fall on record in August. [One more to the chorus against China ]
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Bernie
Sanders surges past Clinton Mon Sep 7, 2015 US Senator Bernie Sanders
has moved past Democratic frontrunner Hillary Clinton in New Hampshire for the
first time in the 2016 race.
[ Sanders is wrong if he believe that he alone can defeat the
dirty couple REP-DEMs… the purpose is not only to defeat the mafia Clinton.. it
is to defeat both of them and to install the 3rd choice in American
democracy .. he needs to build an alliance with Rand Paul to get the Senate..
then both mafias will be defeated ]
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Hungary
defense minister quits amid crisis. Mon Sep 7, 2015 Hungary's defense
minister resigns amid a huge influx of refugees arriving in the country.
[ Nice.. nobody need that neocon.. no Europe nor the west ]
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IAEA
not to extend Iran probe: Amano . Mon Sep 7, 2015 IAEA denies
speculations that a December 15 target date on Iran probe could be renewed.
[ It is time for Iran to get out from the non proliferation treaty
since Israel is allowed to be arm &
attack. That bureaucracy of the IAEA is
not neutral .. they serve the interest
of the US & Israel .. Not the interest of Iran ]
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US
revamping militant training in Syria. Mon Sep 7, 2015 The Pentagon is
revamping its strategy of training so-called moderate militants in Syria.
[ There is not such a “moderate militant” in today Syria… The
US-Pentagon & NATO is supporting ISIS ]
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Syria,
Hzbollah advance in east Zabadani. Mon Sep 7, 2015 Syria and Hezbollah
fighters advance in the eastern parts of the border city of Zabadani. [ This is a real
force against ISIS ]
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