sábado, 12 de septiembre de 2015

SEPT 12-15 SIT EC y POL

SEPT 12-15 SIT EC y POL



1-GREAT NEWS y nueva canción. CORBYN GANO  the BRITT ELECTION con el NO a tropas a Syria
La nueva canción: “SE SIENTE, SIENTE.. EL SOCIALISMO ESTA PRESENTE” .. IT’S CLEAR ..IT’S CLEAR.. NEW SOCIAISMO IS EMERGING NOW .         

Y el nuevo socialismo no será con dictadura stalinista sino con las libertades que la Constitucion consagra y que difícilmente  florecieron en el oeste.. es lo que encarna SANDERS en el US .. El pueblo quiere su victoria.. y el retorno del Glass Steagall Act de FDR adaptado al presente.. Las grandes mafias especuladoras recurrirán al fraude, a la exclusión en debates de TV y a la compra de votos por evitarlo.. Eso creara el FRENTE por el 3rd choice y L ausentismo militante que convocara referéndums en cada Estado para definir las políticas claves del FED.. El nuevo FRENTE POPULAR  nacerá y/o será  fortalecido en el proceso de la lucha.. y es posible que esto se una al MOv autonómico de los Estados .. de forma que si Sanders no es electo .. Quien suba al poder NO SERA LEGITIMO pues su exclusión creara el ausentismo militante y no tardara en caer.. EL PUEBLO VENCERA!! .. entonces este sufrido pueblo americano cantará también la canción “SE SIENTE, SIENTE.. EL SOCIALISMO ESTA PRESENTE”
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2- Paradojas del colapso neoliberal : Mientras el ISIS apoyayado por el US, EU y NATO sigue cortando  cabezas de cristianos, kurdos y de mujeres en armas .. la ciencia en Russia y en China anuncian “their state of the art in science”:  el transplante de cabeza (en China) y tambien de cuerpo entero (en Rusia) para un lisiado de mucha inteligencia en la computadora pero que nació con brazo, piernas y cuerpo totalmente deformado.  La ciencia NO se detiene frente a las amenazas medievales del oscurantismo religioso de los islámicos del ISIS. Lo que no avanza es nuestra decisión de erradicarlos once & for all ]
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ZERO HEDGE



"Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur. It is actually a more realistic outcome than the capital stock adjustment scenario. If China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its impact could be the worst the world has ever seen."
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"Tick... Tock". Submitted by Tyler Durden on 09/12/2015 

8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done... and now the clock is ticking and there is hardly any time left. The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself. The world in which and for which our old system was built is now changing around it in fundamental ways.
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"We have tortured and killed and maimed and raped around this planet. We don't operate under international law... who in their right mind would consider the United States or the West in general to be in any position to punish anybody? All of these players, these politicians are nothing more than puppets, they don't serve the people there is no real democracy, they serve the rich and powerful who run the world and that would be the bankers who control the money supply. The bankers make huge amounts of money....wars are great for them and ultimately they control the politicians. Psychopaths are running the world." - Ken O'Keefe, former US Marine
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Positioning across the world's most-levered financial instruments has never been thiscrowded. With such extreme positioning across the equity, vol, and bond complex, it would seem no matter what The Fed does in September, there will be blood.

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[ I hear this idiocy in Fox news, the champions of neocons war mongerism against Russia ]
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"The story that (Aylan's father) told is untrue.I don't know what made him lie, maybe fear. He was the one driving the boat right from the start. When they set off five minutes in he was looking left and right, worried, then he was speeding. Even his wife was screaming at him to slow down." Iraq-based Zainab Abbas, via her Sydney-based cousin Lara Tahseen, told Ten News she paid $10,000 for the voyage.

[ Aylan story tale is that the US & west media used to divert public audience from the FACT of continue bombing Syria, .. destroying all basic infrastructure .. as they did it in Libya … and killing their nationalities to later impose the chaotic & genocidal rule of ISIS. . Their main objective is advance over IRAN .. It is just the essence of US-Israel-NATO strategy for regime change what they wanted to cover up .. the owner of corporate media can DISTORT news whenever they want., until truth is unveiled ]  
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"A 'policy error' rate hike might well result in positive correlations among equities, commodities and bonds, due to a combination of risk off and higher rates. In this case it is not entirely clear how risk-parity funds would rebalance: A potential candidate for inflows would be currencies, and in particular the dollar. This would only put additional upward pressure on the dollar, reinforcing the “policy error” nature of the hike." [ SOURCE?  NONE see below ]
If you are suspecting that if the Fed does hike, everything might sell off at once, you'd be correct, which brings us to Deutsche Bank's rather disquieting conclusion, namely that there will be nowhere to hide in a market where everything has become correlated and thanks to the growing role of risk-parity in perpetuating selloffs, that correlation could send funds fleeing to the only thing not moving in the "wrong" direction, namely the dollar and that, in turn, would only serve to exacerbate the deleterious effects of Yellen's "error":
A “policy error” rate hike might well result in positive correlations among equities, commodities and bonds, due to a combination of risk off and higher rates. In this case it is not entirely clear how risk-parity funds would rebalance: A potential candidate for inflows would be currencies, and in particular the dollar, which could be the only game in town. Of course, this would only put additional upward pressure on the dollar, reinforcing the “policy error” nature of the hike via additional traded goods price deflation (including commodities), weakness in net exports, and exacerbating pressure on dollar peggers” [source of Yellen statement? NONE
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When a digital dickweed exposes the reality "the equity markets are broken," it can be shrugged off as the rantings of a kid in his mom's basement.
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Europe has complex immigration rules. But, as the recent influx of refugees and economic migrants has shown, the EU government is able to flex its muscle in an ad hoc fashion in the service of compelling member states to accept the migrants and refugees. Ultimately, however, the imposed "solutions" to the migrant and refugee crisis may be a signal to many members that the EU isn't quite what they thought it was.
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"The shale sector is now being financially stress-tested, exposing shale’s dirty secret: many shale producers depend on capital market injections to fund ongoing activity because they have thus far greatly outspent cash flow."
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Every year, “NEVER FORGET” echoes through the neighborhoods, cities, and Facebook statuses of America. 14 years after 9/11, Americans still bear the cross of a nation victimized and scorned after the brutal attacks on the World Trade Center in 2001. While Americans — and politicians who are still intent on capitalizing on the tragedy — vow never to forget the fateful day, far too many citizens forget the liberties they have relinquished as a result. Lest yesterday’s valiantly waving flags, government ceremonies, and TV news specials replaying the plane crashes coax you into forgetting, these nine essential freedoms have been usurped since 9/11.
…
1. The liberty to not be spied upon
2. The liberty to not be harassed by law enforcement
3. The freedom of movement and travel without being treated like a criminal
4. Freedom of Speech
5. The liberty to simply know what the government does
6. The liberty to not be harassed by the military in your own home
7. The right to a fair trial
8. The liberty of owning your body
9. Economic liberty
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RT NEWS & LATEST SHOWS


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Keiser Report. Episode 809  Sept 12. In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the great un-banking movement as more people choose not to “buy in” when the banking system seems rigged against them. In the second half, Max interviews
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Keiser Report. Episode 805 - Published: 3 Sep, Interview  to Michael Hudson , in case you miss it
In this special episode of the Keiser Report from New York City, Max Keiser and Stacy Herbert discuss the ‘frack now, pay later’ economics of a desperate energy sector. In the second half, Max interviews Michael Hudson.
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NEWS IN SPANISH


Europa, Siria y el efecto bumerán. Miguel Ángel Ferrer
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El futuro de la UE.  Por un plan B en Europa. DEBATE  Mélenchon,  Varufakis y otros
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ENTREVISTA. La Teología de la Liberación y las perspectivas de una teoría todavía incomprendida
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[Guatemala]   ÉXODO.    Carolina Vasquez
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THE UNIVERSE, ACCORDING TO WALL STREET DAILY (week of September 12, 2015)


Did a Seven-Year Cycle Cause the 2015 Flash Crash?
This year's flash crash was one for the ages. But is the worst over, or is this unique indicator signaling more doom for the market?
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PRESS TV


GOP plots new attacks undercut Iran deal Sat Sep 12, 2015 Republicans in Congress opposing the Iran nuclear agreement are plotting new attacks to undercut the Vienna accord, a report says.
[ Son los mercenarios del zionismo Israeli .. no hay en ellos convicción política y menos ética ]
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Ex-Nazi death camp housing refugees. Sat Sep 12, 2015 Former Nazi concentration camp being used to house refugees in Germany.
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Million more Syrians face displacement: UN Sat Sep 12, 2015 The UN says one million more Syrians could be displaced by the end of 2015 if war continues in the country.
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‘Corbyn election means no more war’ Sat Sep 12, 2015 A member of the UK’s Socialist Workers Party says election of Jeremy Corbyn as the new leader of Labour Party shows Briton are fed up with war.
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‘Israel lobby bribes US officials’. Sat Sep 12, 2015 AIPAC and other Zionist lobbying groups have tremendous influence on the government of the United States.
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US government facing shutdown. Sat Sep 12, 2015 The prospect of a government shutdown looms large as brinksmanship threatens US lawmakers’ ability to pass a budget.


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SEP 11-15 SIT EC y POL

SEP 11-15 SIT EC y POL


ZERO HEDGE


"Be Our Guest": Russia Warns Washington Of "Unintended Incidents" In Syria. Submitted by Tyler Durden on 09/11/2015 [ The US wants to fight ISIS yes or Not.. if yes “be our guest”  said RU ]

"[Kerry employs] an absolutely upside-down logic and [it's] yet another attempt to appease those who use terrorists to fight dissenting regimes. We are always in favor of military people talking to each other in a professional way. They understand each other very well. If, as he has said many times, the United States wants those channels frozen, then be our guest."
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The day was September 11, 2001. Our New York office was on the 92nd floor of the World Trade Center Tower 1. None of the employees who had arrived to work that day survived. It is a moment that elicits strong emotions within me to this day and I know I’m not alone. In the days and weeks that followed, while the world came together to mourn those lost and to condemn those responsible, our policymakers in Washington were working feverishly to find opportunity in this tragedy. Forty-five days after 9/11, President Bush signed into law the U.S. Patriot Act.

[ 9/1 what was the 1st time the neo-nazi terrorism expresses itself .. It is an ICC case because it involved crimes against peace, crimes against war & crimes against humanity.. If the ICC has been captured by big xorporations of Neo-nazis .. then regional Courts should set a new Nuremberg trial ]
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Millions of refugees from Washington’s wars are currently over-running Europe. Washington’s 14-year and ongoing slaughter of Muslims and destruction of their countries are war crimes for which the US government’s official 9/11 conspiracy theory was the catalyst.

[ TERRORISM IN THE US & PERU. Shining Path terrorism in Peru  & ther neo-nazi terrorism after 9/11 have many similarities .. & some differences: 1- none of them recognize that their strategy & tactics are “terrorism”  as defined even by US standards.. 2-Both of them implemented their actions according to plans designed at top level of “intelligence” .. none of them allowed discussion of their tenets nor commands at lower levels.. 3- Their terrorists acts were not designed to achieve victory in the war .. they were just the pretext to further objetives: .. in the case of the US to take control of foreign oil reserves .. that required to destroy the army of the target nation .. Bush’s father incinerated more than 100 thousand Iraqi soldiers that already surrender and empty Kuwait when they were coming back to their country .. the final destruction of the army was done by the brutal carpet bombing that not only target military sites but the Shia civilian population .. that concluded with the destruction at “stone-level” of Faluya, one of the major cities of Suni minority .. the survivals with not family, not town and not country were submitted to interrogatories “nazi-style” in many clandestine centers .. for Iraqi people there were only two choices .. either you work for the US army or you die .. 4- In Peru happens the same “either they work with the army or they die.. and Faluya in Peru were all the towns incinerated with Napaln during the 1980s.. but they did not surrender… in 1996 another armed group lead by quechu women broke up and take control of the Japanese compound were the top oligarchy were celebrating the anniversary of a Japanese emperor.. The uprise was defeated with the support of the CIA & the Cardenal Ciriani who offered to mediate a peaceful resolution of this conflict (freedom of prisoners of war and freedom of the oligarchy in the Japanese compound) .. Ciprini introduced small CIA cameras inside a Biblie to support the army to crack down the rebels .. the rebels  were all executed even when they surrendered . 5- In Iraq most of the soldiers of Sadam Hussein were executed.. and those who didn’t die were force to became “mercenaries” after severe torture pains in prison  .. Young people  who manage to scape and hide  were .. later on.. recruited with the help of previous “converted”,  and used in the fratricidal internal war between shias & sunis set by US agents .. 6- Peru has not the religious division that Iraq had with Sunis & Chias. In Peru the other big minority in the Andes are the Aymaras and they work hand on hand with the quechuas .. for the military they are the same: indians.. But the bottom layers of the Peruvian army are quechua soldiers..and they do not have to wait  long to express their resentment against the official army .. as soon as they finish their service they became clandestine soldiers of next rebellion against State. .. In Iraq is different .. then after the invasion  the sunis became the main reserve of the current mercenaries know today as ISIS .. However, when the sunis  manage to get oil sites by themselves  (Libya case) & get type of independence from the US command .. the Sunis and other minorities create independent groups inside ISIS .. their  internal conflicts are the main weakenes of Iraqis .. Not way to controlled those internal conflicts from the Iraqi army & puppet rule .. The idea of the Islamic state in the levante did unite groups under the commands of Saudi Wahhabis .. but it works only while the US provide arms & new private  mercenaries from the West (US-UK-EU).. once the US money to mercenaries were mis-appropiated by crock personnel inside the US army the decomposition of the mercenary forces started .. the only positive thing that they create were the refugee “campamentos”  .. they were the  background  of the waves of migration that we have now toward Europe.  7- The same situation happens with Shining path in Peru .. they invaded the State coops set by the agrarian Reform of Velasco and execute the administrators .. the purpose was not to give the land recovered to the peasant communities (those communities were dispossessed 1st by oligarchical landowners and when Velasco came to power in 1968 the “terratenientes”  oligarchy were expropriated by the State and  set the SAIS & CAP run by bureucrats) .. what Shining Path did was to kill those buroucrats and make a “fake” distribution of land among the peasants .. Shining Path  knew that the army is going to come back to recover the State-land.. when the army came .. Shining Path took the peasants with them .. They said: “you have two choices: either killed by the army or you came with us to create an army for the revolution against them” ..  That was the aim of their strategy “recovery of community land”. The intention was not to give land to them .. but to used peasants and sacrifice them in a war condemned  to failure.. Shining Path did not told peasants  that the army is supported by the US and its regional barracks .. the top Shining path command knew that even if the Peruvian army is defeated, the empire is going to destroy them at the military & economic level as happens in Cambodia and other countries.. When the army came to SAIS took by shining path, this rebels execute the burocrats & get their army. .. When Shining Path was defeated in the Andes, their top leader surrended  themselves in the most coward way, without shooting them, as the Chile leader did it .. thousands of peasants’ life  were sacrificed & their leaders save their life .. The effect of this defeat:  peasants communities were destroyed and a fascistic government was imposed in Peru with a similar decalogo of nazi-terrorism as the Patriot act. ..8-  Peru was the place used like a “probeta”  for the experiment  9/11, 2001 in the US : Shining Path was accused of blowing up “The Tarata” building in Lima .. this demolition was similar to the implosion of NY towels in Sep 1 .. In both cases the hidden hand of the CIA & associates were involved …These experiments were used to exterminate “the terrorists”. The only difference is that the terrorist for the US were abroad.. in Iraq.. while in Peru the “terrorist” were inside:  the quechua people in the Andes .. those were the terrorists… 9- When Fujimori came to power,  21 quechuas who migrate from the Andes to Lima, were killed .. because they were talking  quechua during a public party.. they were accused of plotting rebellion against the government .. It means that racism against the quechuas became rampant in Peru after “Tarata’s experiment . .  Similar racism came back to the Us against the muslims in general after 9/11, and against the blacks too …. 10- When a “ pro-quechua lider came to power in 2000 in Peru .. after a rebellion  “la marcha de los 4 suyos” (the rebellion of regions during the Inca Empire)  Fujimory scape to Japan.. and the pro-quechua leader was elected .. Fujimory was captured when visiting Chile.. He was indicted in Court  and placed in prison. .. When the anti-racist Obama was elected in the US no one who committed hate crimes was processed nor put in prison.. That is the only difference between State Terrorism in the US & Peru .. If later on,  people in the US manage to put in prison their State terrorists after sept 11.. we wil have very similar stories. ]
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The Human Cost Of Socialism In Power.  Submitted by Tyler Durden on 09/11/2015

The attempt to establish a comprehensive socialist system in many parts of the world over the last one hundred years has been one of the cruelest and most brutal episodes in human history. 
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[ 1- All SYSTEMS CHANGE BECAUSE OF SOCIAL REVOLUTIONS & ALL REV create brutal episodes in human history.. THAT INCLUDES THE AMERICAN REVOLUTION , the French Rev,  the Russian Rev, The Chinese Rev.. you named … Historian do not measure Rev by its social cost.. but in terms of their future benefits . .. if only social cost would be taking into account … the slavers Rev in America will be still in debt with the slaves  and with the rest of our nation .. since the beneficiaries of the American Rev never balance the amount of people sacrificed .. Today the beneficiaries are only the 1% of the oligarchy .. and not even  50% of the population benefits from the Rev in the most prosperous time of our history .. perhaps we rich that 50% after the NEW DEAL with FDR and it last only 40years .. that if we use the criteria “evolution of the middle classes size in the US”.. .. The other criteria would be “all social classes situation before the Rev and after Rev”..  Here there is a principle: the most polarized the society.. the most savage & brutal the Rev.. this is the case of classic rev mentioned above.  2-SOCIALISM & CRITERIA HUMAN DEVELOPMENT. Socialist rev like the Russian and Chinese set the background for their current situation and no one can deny that China and Russia are the most advanced nations in the world in terms of human development and the speed of change. 3- REGARDING CRUELTY in human history measured by the amount of people killed.. then those States who manufacture weapons and promote wars are the more cruel ones.. At this level, if we consider what we did after sept 11 world wide.. then we are the most cruel one in history, follow by Israel crimes against Palestinians… And if we consider past century history,  we are close to Germany cruelty  with their nazi regime .. because of our bombing of Hiroshima & Nagasaki .. then we can consider the Stalinist cruelty resulted from  the West sanctions & blockage to the USSR ]
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The internationalization of the yuan and the demise of the petrodollar, is only a matter of time.

Traders have been concerned at heavy trading by China's state-owned Chinaoil and Unipec, which pushed up Middle East grades even as other grades were being pressued lower, and left other companies struggling to take part.
Essentially, it looks like Chinaoil and Unipec may be gaming the Platts Dubai MoC (although no one knows exactly why) and that has implications for all kinds of people including (obviously) Saudi Arabia, Iran, and Iraq, as well as refiners and traders like Mercuria and Glencore. The hope is that a RMB contract will help solve the "problem."

In any event, it makes no more sense to exclude the world's largest oil buyer from crude benchmarking than it does to keep the world's largest producer and consumer of gold out of the gold price-setting process, which is why, in short order, China will be heavily involved in both. And as for widespread adoption of the new contract, that, like the internationalization of the yuan and the demise of the petrodollar, is only a matter of time.
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Fourth Turning: Crisis Of Trust. Submitted by Tyler Durden on 09/11/2015

We're beginning to believe the nation will not be unified behind a common cause when the coming financial eruption unleashes molten lava of chaos, punishing economic distress, civil strife, class warfare, race wars, and ultimately global war. As Strauss and Howe foretold, the establishment (aka corporate fascist military industrial surveillance state) has seen a sequential loss of popular trust as their blatant corruption, sociopathic stranglehold on the levers of power, and unrelenting greed have angered the critical thinking aware citizens of this country … the next leg down in this Greater Depression will sever the remaining trust, disintegrating any remaining support for the existing civic order. What comes next will be heavily dependent upon whether the 5% to 10% of liberty minded believers in the Constitution are able to gain the trust of the masses.
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It's Official: The Next Recession Will Definitely Not Happen In 2018. Submitted by Tyler Durden on 09/11/2015  [ So, it could happen before .. What a nice hope .. ]

As a rule, the only people worse at their jobs than weathermen are economists and the only real difference between the two professions is that when the weatherman gets it wrong, you get caught in the rain without an umbrella, but when an economist that someone installed in the Eccles Building gets it wrong, there’s the very real potential for the financial universe to collapse.
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$20 Oil? Goldman Says It's Possible. Submitted by Tyler Durden on 09/11/2015
[ CUT THE POWER OF OIL PRODUCERS..  IS THAT A BLACK-OPIUM DREAM? ]

"While we are increasingly convinced that the market needs to see lower oil prices for longer to achieve a production cut, the source of this production decline and its forcing mechanism is growing more uncertain, raising the possibility that we may ultimately clear at a sharply lower price with cash costs around $20/bbl Brent prices."

[Oil is polluting & killing the world .. but we will produce it until demand exist .. that is, until we find a new energy , clean one, cheaper & available to all people .. sun energy? .. we are close to get it.. but big corp won’t allow cars with sun power .. they will put their lobby finger ..to stop it .. then what?..]
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Submitted by Tyler Durden on 09/11/2015 - 07:35
  • One Volatile Week Could Seal Fed Stance After Years of Low Rates (BBG)
  • Fed to dominate week of central bank meetings (Reuters)
  • 30 years on, parallels with Plaza but currency universe very different (Reuters)
  • Wal-Mart's Suppliers Are Finally Fighting Back (BBG)
  • China's Rising CPI, Deepening PPI Deflation Challenges PBOC (BBG)
  • Petrobras spending plan already obsolete, new cuts likely (Reuters)
  • Bank of Montreal to Buy GE Capital’s Transportation-Finance Unit (WSJ)
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GLOBAL RESEARCH

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INFORMATION CLEARING HOUSE


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Sanctioned Terrorism. By Soraya Sepahpour-Ulrich
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The U.S. State Department is trying to block Russian supplies going to Syria’s embattled government despite the risk that collapsing the regime would create a vacuum filled by the Islamic State or Al Qaeda.
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NOTICIAS IN SPANISH

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jueves, 10 de septiembre de 2015

SEPT 10 SIT EC y POL

SEPT 10 SIT EC y POL


VIDEO on chances of war between US-RU:   www.youtube.com/watch?v=5fL0qokdJis 
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ZERO HEDGE



[Obama sabe que Iran merece el respeto de todo Estado soberano. Iran negocio de buena fe un acuerdo diplomático que jamás comprometió su autonomía. No hay nada en ese acuerdo que obligue a Iran a poner en peligro el futuro de su nación. Y es lo que hace cuando decide ayudar a erradicar el terrorismo hijadista. Se apuntaba con estos hacia Iran y hasta aquí llegaron. Los que amamos la paz saludamos la decisión de erradicar el terrorismo  islámico de una vez por todas.  No hay ninguna humillación a Obama, al contrario Iran esta haciendo lo que nosotros prometimos hacer. Humillación seria que nos condenen como criminales de guerra ]
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The latest twist in what we have been warning for months has the makings of the biggest proxy shooting war in years, one that will come as a major humiliation to the Obama administration,today we find out that none other than America's most recent diplomatic sweetheart in the Gulf region, Iran, has deployed ground soldiers into Syria in the past few days in cooperation with Russia's President Vladimir Putin.
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[ Now ISIS has to send back to their countries all mercenaries .. the US & UK already announced they are ready to receive them as heroes .. ISIS is going to be decimated inside Syria & Iraq .. the only support they have is Turkey y este pais va a tener que aliarse con los Rusos si quiere paz con el PPK .. Era hora de que se le ajuste cuentas a los terroristas islámicos, adiós al jihadism..Hay luz en el tunel ]
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Despite the biggest intervention surge in offshore Yuan on record ("predatoring" any excess speculative fervor on PBOC actions in the spot market), a 'PBOC Advisor' noted that "long-term FX intervention was not their target." The Hong Kong Dollar is pressuring the strong-end of its range against the USD, trapped between the USD peg and weak economy (like so many others). Chinese stocks continue to tread water as China's Premier Li rules out QE …  PBOC strengthened the Yuan Fix tonight (just modestly)

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Nomi Prins: Mexico, The Fed, & Counterparty Risk Concerns.   by Nomi Prins via NomiPrins.com, Submitted by Tyler Durden on 09/10/15 [Here only extracts ]

This level of global inter-connected financial risk is hazardous in Mexico, where it’s peppered by high bank concentration risk. No one wants another major financial crisis. Yet, that’s where we are headed …  Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets. The difference is that now, in contrast to the 1980s and 1990s debt crises, loan and bond amounts have not just been extended by private banks, but subsidized by the Fed and the ECB.  The risk platform is elevated. The fall, for both Mexico and its trading partners like the US, is likely much harder.
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Capital Flight due to US Rate Hikes, Real or Anticipated

The possibility of US rate hikes, or even the threat of them, could freeze demand for non-US stocks and bonds - everywhere. If we learned anything from the US financial crisis, economic hardship in Greece and other Southern European countries, and the rout in the Chinese stock market, it’s that capital flight, particularly leveraged capital flight, can crucify an economy, especially high debt burdens accentuate the process.

In addition, heightened “de-risking” (or the reducing of counter-party agreements and cross-border remittances between the US and Mexico) will impact future remittance flows. Though de-risking practices are officially designated to thwart money launderers and drug-dealers – the true effect of the closing of bank branches or reduction of services that enable remittance flows burdens the population and the local banks that rely on them.

Big Bank Concentration and Counterparty Risk

Mexico’s domestic bank concentration problems have marginally improved since the financial crisis, but not by much. As of 2014, just five of Mexico’s private sector banks hold 72 percent of all financial assets. The top two, Banamex, a unit of Citigroup Inc., and BBVA Bancomer, a unit of Spain's Banco Bilbao Vizcaya Argentaria SA, hold 38 percent of all assets. (Source) (Source)

Concentration has accelerated in the US. Since the financial crisis, the Big Six US banks (JPM Chase, Citigroup, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley) have grown in terms of assets, deposits, cash, trading assets and derivatives volume. … The main foreign banks in Mexico, and those engaging in business with Mexican banks, can quickly close services and shift capital and credit from the country, or place barriers to retrieve it, in a pinch.

Ongoing US Bank Bailouts and Mexican Fallout

The US Federal Reserve buying program, though officially over, has rendered the Fed the largest hedge fund in the world, with a $4.5 trillion book of securities, more than a dozen times the figure of seven years earlier. The mortgage backed securities component remains at about $1.5 trillion, up from zero seven years ago.

Mexico was fortunate not to have been on the US bank radar screen to receive, or be induced to borrow against, the $14 trillions of dollars of toxic US-bank made assets. US bankers mostly focused on selling these subprime assets into Europe. Thus, Mexico escaped the fallout that countries like Greece and Spain felt.  … Still, Mexico’s financial conditions are showing increasing signs of weakness, despite comparatively low inflation and, as a result, the ability to keep interest rates around 3 percent (the same as in Chile) below those in Columbia and Peru.

Aside from business problems, the amount of people living in poverty in Mexico increased from 49 million in 2008 to 53 million in 2012. In addition, Mexico came in last of the 34 countries examined by the Organization for Economic Co-operation and Development OECD for inequality. The combination of poverty and inequality on the ground, plus incoming instability on a business and banking basis could prove a disastrous mix in Mexico (and in the US) in the face of possible rising interest rates, a strengthening dollar in the near-term, or enhanced volatility.

EM (Emerging Markets)  Debt Defaults and Bond-Stock Divergence

Credit default risk looms as well. The amount of corporate and bank debt issued since the Fed embarked on its zero-interest rate and QE policy and pushed it on the world, has escalated. Thus, rising interest rates or corporate defaults in the US would impact Mexican (and other EM) corporate bond prices and default rates.

The divergence between credit-risk as reflected by rising high-yield bond spreads (up from seven year lows in mid-2014) and equities is predominantly predicated on the 60 percent drop in oil prices this year, which as of August 20th, hit a six and a half year low. The energy sector represents 15 percent of the high yield market.

Energy stocks have dropped nearly thirty percent. If commodity prices continue falling, other sectors and the stock markets would be more effected. Countries reliant on oil revenues, such as Mexico where 30 percent of the federal budget is based upon them, are impacted directly from profit loss and secondarily by defaults. (Source)

According to a recent report issued by the Institute of International Finance,  “Corporate Debt in Emerging Markets: What should we be worried about?”, emerging market (EM) non-financial corporate debt rose to a record high of 83 percent of GDP, up from 67 percent in 2009.  The total size of the EM non-financial corporate bond market has more than doubled to $2.4 trillion in 2014 vs. 2009.

Between 2015 and 2017, about $645 billion of that debt is set to mature with US dollar denominated bonds comprising $108 billion of that figure. Meanwhile, the volume of non-performing loans and general debt payment burdens have risen on US dollar strength, meaning EM banks, particularly those exposed to high degrees of foreign-currency lending, are increasingly in trouble.

What This All Means

This level of global inter-connected financial risk is hazardous in Mexico, where it’s peppered by high bank concentration risk. No one wants another major financial crisis. Yet, that’s where we are headed. … Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
The difference is that now, in contrast to the 1980s and 1990s debt crises, loan and bond amounts have not just been extended by private banks, but subsidized by the Fed and the ECB.  The risk platform is elevated. The fall, for both Mexico and its trading partners like the US, is likely much harder.
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[ Another wishful thinking on China .. it would be more constructive to think on"Endgame Scenarios" of the US crisis and possible alternatives .. then I will believe that this “lover of China” is able to see not only the hair in other eyes  but also the beam in his own eyes. …. Read it only If you have time to spend in bloomberian furts..  if not .. you WON’T miss nothing  ]

In stepped up efforts to close the gap between the onshore and offshore spot and you have yourself a rather untenable situation and as with all things untenable, there will, sooner or later, be an endgame. 
Against this backdrop, we present Daiwa’s list of China’s three possible endgame scenarios (via Bloomberg): 

China’s balance sheet under serious contractionary pressure as money leaves and Fed decision looms, resulting in three endgame scenarios, Daiwa analysts Kevin Lai and Junjie Tang write in note dated Sept. 9.
  • Scenario 1: PBOC actively intervenes by selling FX reserves to support CNY; a painful credit crunch ensues; companies come under pressure to liquidate assets to pay debts in classic case of “debt deflation”
  • Scenario 2: Govt. stops FX intervention and prints massive amounts of money; interest rates and reserve ratio potentially slashed; moves put significant downward pressure on CNY and implications of a currency crisis would be global 
  • Scenario 3: China muddles through between scenarios 1 and 2, where PBOC tries to manage an “orderly” downward adjustment for CNY; stimulus wouldn’t ultimately be large enough to have any meaningful impact

[Here the wishful conclusion] In short, the only "scenario" that doesn't result in an "endgame" [so there are only two endgames ] is for everything to suddenly be fixed overnight, or, as Soc Gen recently put it, "for the RMB to appreciate compared to its current value will require a very positive environment for EM coupled with a cessation of capital outflows and a vibrant cyclical growth and an export recovery." That, obviously, is laughable so all we can say to the PBoC (and also to the Fed, who must consider all of the above when weighing liftoff) is "good luck."
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On September 25th, Pope Francis will address the United Nations General Assembly in New York City. To much fanfare, the Pope will celebrate the unveiling of the UN’s Sustainable Development Agenda 2030. A key plank of this agenda relates to the UN’s “Sustainable Development Goals,” or SDGs. While this sounds all warm and fuzzy, several well meaning participants have become horrified by the extent to which multi-national corporations have influenced the entire process. So much so, that insiders are claiming the UN is actually marginalizing the very people it claims to be saving. The poor, the weak, and the voiceless.

[ Este pope cree que los Latinos nos olvidamos de que fue sirviente del Dictador Videla -ARG .. uno de los implementadores del genocida Plan Condor de la CIA para asesinar Izquierdistas  anti- Pinochet ]
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Reuters reports that Iran has cut its quarterly selling price (for its flagship 'light' crude) to its lowest (relative to Saudi) since Q4 2012. According to recent tanker loading data, Iran's oil sales in September are set to hit a six-month low, and this price reduction is just one of the steps taken by the OPEC producer to ramp up output and regain market share lost since U.S. and European sanctions aimed at its nuclear program cut its crude oil exports by more than half.

[That shot was good .. dos pájaros de un tiro .. quemaron las sanciones US-EU  y los bolsillos del panzón Saudi que visito la Casa Blanca ]
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With the war drums beating louder by the day, US officials are now warning that Russia's military buildup in Syria is "unprecedented" and is "beginning to look like Crimea." Meanwhile, the Kremlin has accused the US of "international boorishness" for Washington's "rubbish" attempts to characterize Moscow's relationship with Damascus unfairly.

[ We were destroying Syria with the pretext of fighting ISIS –there are evidences that we trained & armed them- .. We commit war crimes against their civilian population to implement “regime change”.. there are evidences that we have such purpose … We made alliance with Turkey to kill the Kurds inside Syria & in Irak, there are also evidences in this regard … We are a direct cause of the Syrian  civilian exodus to Europe & that is crime against humanity … Russia instead is really committed to stop the human disaster caused by ISIS .. they have economic business in Syria, so they  are allies.  Then, if Russia is sending troops and military equipment over there .. they have a right cause to do it.. We do not have it .. What is our purpose over there? None but to support the terrorist mercenaries of ISIS in Syria … We have no right cause nor business in Syria.. We are condemned to failure ]
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[ their neo-nazis in power are going to be deposed soon or later.. son la verguenza de Europa ] 
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Fortress Europe Under Threat Submitted by Tyler Durden on 09/10/2015

The lack of leadership to tackle this clear and present danger to Europe's future is truly concerning. Both the migrants and the Europeans might be worse off as a result.

[ Europeans –specially Germans- are in debt with the migrants since they profit from the wars that destroyed their countries.. they like to sell guns, they have to accommodate the survivors now ]
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[ They will continue doing so while they have control of their own Banks .. and they will print more money  for QEs if America decide to raise interest rate.. they will put more cash in the hands of their big companies .. This is the fake economy we like it… we’re going to have it … same in China. ..Where the American “investors” will go? .. no there. .. South America ?.. I do not think so, they are not going to accept more expensive debts .. they may take control of their central Banks & control of the parity with the USD .. the raise of interest will be the “parte olas” from present to future of this system ]
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[ NOPE.. there will be a divorce from EU-US “investors” .. some of the rich in EU already suggested  to split  this costs with  the US .. so, they are happy with the FED idea of raising interest rate .. they will do it too and they will print euros to inundate the world market (they have better trade balance) and they will “buy” the QTs from America .. I guess they are enjoying the FED idea of “Rate Hike” ]
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Late last year, Paul Krugman took a field trip to Japan to observe Keynesian insanity prowling around in its natural habitat. While he was there, he gave Prime Minister Shinzo Abe some sage advice which can be roughly summarized as follows: "Abenomics is working so why would you screw it up by getting fiscally responsible all of the sudden?" Nine months later, Japan is still a deflationary deathtrap and Krugman is "really, really worried"..

[ I don’t think so .. His “Keynesian insanity” worked “perfectly” in Japan and here .. under the limits of insanity of course .. He might be very proud of his insane receipt.. it make the neoliberal zombie continue walking .. Once the final collapse comes.. he will be very worry ]
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The City Of London Has Turned Britain Into A "Civilized Mafia State". Submitted by Tyler Durden on 09/10/2015 [ It always was. The most “Mafioso”  bankers live in London ]

"Public services, infrastructure, the very fabric of the nation: these too are being converted into risk-free investments. Social cleansing is transforming central London into an exclusive economic zone for property speculation. From a dozen directions, government policy converges on this objective. Property in this country is a haven for the proceeds of international crime. Sometimes the UK looks to me like an ever so civilised mafia state."
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If you have been waiting for the market to send you “warning signals”, then you can stop waiting because it is happening right in front of your eyes.
…
Well, the truth is that if there is going to be a full-blown market meltdown, we would expect for there to be wildly dramatic swings in the market both up and down.

A perfect example of this is what we experienced during the financial crisis of 2008.  9 of the 20 largest single day declines in stock market history happened that year, but 9 of the 20 largest single day increases in stock market history also happened that year.  If we are moving into another great financial crisis, there should be massive upsand massive downs, and that is precisely what we are witnessing right now.

There will be more days when the stock market absolutely plummets and there will be more days when it absolutely soars.  No stock market crash in U.S. history has ever gone in just one direction continually.  There are always giant waves of momentum that cause panic sellingand panic buying.

There is one thing that could change that.  A major “black swan event” such as a historic natural disaster, an unprecedented terror attack, or the outbreak of war could potentially be enough to chase all of the buyers out of the marketplace.  And considering the times that we are moving into, those things should not be ruled out. But minus some type of event like that, we should expect lots of wild swings in both directions.

If you already know what is coming and you are already prepared for it, you won’t be freaking out like the rest of the general population will be when things start really going crazy.

Life in America in the years ahead is going to look dramatically different from what life in America looks like right now.
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Apparently fed up with the persistent spread between the onshore and offshore yuan, China has decided to add one more spinning plate to its collection by intervening in the offshore spot market.
[ It did not work as you expected .. but at least the “sincerity” of your love for China is working ]
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Submitted by Tyler Durden on 09/10/2015 - 07:35
  • Compare: S&P 500 Futures Advance After U.S. Stocks Ignored Global Rally (BBG)
  • And contrast: Global Stock Rally Grinds to a Halt (BBG)
  • And be very confused: Global Stocks Lower on U.S. Interest Rate Uncertainty (WSJ)
  • Hilsenrath: Fed Wavers on September Rate Rise (WSJ)
  • Time for more QE: Abe Adviser Says Next Month Good Opportunity for BOJ Easing (BBG)
  • Brazil downgraded to junk rating by S&P, deepening woes (Reuters)
  • Kiwi dollar tumbles after New Zealand cuts interest rates (Reuters)
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INFORMATION CLEARING HOUSE


Thank God for Germany. Europe Appears to Have Forgotten the Age-old Lessons of History . By Robert Fisk.  Our state-of-the-art nations did not want these wretched people. They became bloodsuckers, human mosquitoes, people-smugglers, a “swarm”
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Refugee Crisis: What The Media Is Hiding. By Syrian Girl  There are a few things you should know about the Refugee Crisis - Its being used to bomb the country the refugees are running from
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Why The US and Iran Aren’t Cooperating Against IS. By Gareth Porter  The logic of geopolitics, the United States and Iran ought to be cooperating to contain and weaken the Islamic State.  [They’re no doing so ]
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50 Spies Say ISIS Intelligence Was Cooked. By Shane Harris. It’s being called a ‘revolt’ by intelligence pros who are paid to give their honest assessment of the ISIS war—but are instead seeing their reports turned into happy talk.
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Foreign Invasion Force In Yemen Grows. By Moon Of Alabama. The U.S. has now silently joined the fighting  [ Los soldados Americanos tendran que salir .. de lo contrario contaremos la bolsas de plastico que traen sus restos ]
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Secret Warfare. U.S. Special Forces Expand Training to Allies With Histories of Abuse. By Nick Turse. The had him at their mercy. The burly man, hooded and helpless, sat on the ground
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The Invisible Empire. The Making of Global Capitalism. By Chris Hedges. Chris Hedges and professor Leo Panitch examine the genesis of global imperialism and capitalism
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GLOBAL RESEARCH


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NOTICIAS IN SPANISH


Ecuador. Ayer Texaco, hoy Petroamazonas. Editorial de Acción Ecológica
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Refugiados sí, inmigrantes no?. Tras la conmoción por los refugiados, un riesgo que es una paradoja. Javier De Lucas 
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PRESS TV


‘US doesn’t want to destroy ISIL’ Fri Sep 11, 2015 The United States and its allies have created the war in Syria and have destabilized it since 2011, an analyst says. [ What about IRAN?  ]
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Obama celebrates Iran victory. Thu Sep 10, 2015 Barack Obama has hailed Senate Democrats for blocking a resolution disapproving of the Iran nuclear agreement.
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House clears Iran deal bills for debate . Thu Sep 10, 2015 The US House of Representatives cleared three bills related to the Iran nuclear deal for debate on Thursday.
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Dems block GOP bid to sink Iran deal . Thu Sep 10, 2015 Senate Democrats block a Republican resolution disapproving of the Iran nuclear agreement, handing Obama a major political victory.
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‘Europe paying price for policies on Syria’. Thu Sep 10, 2015 Syria's Information Minister Omran al-Zoubi says European countries should bear full responsibility for the influx of Syrian refugees in the continent.
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Sanders ‘stunned’ by his own popularity. Thu Sep 10, 2015 Democratic candidate Bernie Sanders has said that he is “stunned” by his own performance in recent US presidential polls.
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‘US plotting to topple Assad since 9/11’. Thu Sep 10, 2015 The US plots to overthrow the Syrian government are as old as 9/11 terrorist attacks, an American journalist says.

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