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Author Topic: Money  (Read 29822 times)

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AGelbert

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Fri, 04/17/2020 - 13:25

Authored by Lance Roberts via RealInvestmentAdvice.com,

SNIPPET:

Over the last decade, investors have been trained to “buy” the markets every time the Federal Reserve was engaging in providing liquidity to the financial markets. As I noted in “Pavlov’s Dogs:”

Quote
“Classical conditioning (also known as Pavlovian or respondent conditioning) refers to a learning procedure in which a potent stimulus (e.g. food) is paired with a previously neutral stimulus (e.g. a bell). What Pavlov discovered is that when the neutral stimulus was introduced, the dogs would begin to salivate in anticipation of the potent stimulus, even though it was not currently present. This learning process results from the psychological ‘pairing’ of the stimuli. Importantly, for conditioning to work, the ‘neutral stimulus,’ when ntroduced, must be followed by the ‘potent stimulus,’ for the ‘pairing’ to be completed.”

Since the financial crisis, there has been very little organic economic growth. Importantly, the rate of growth remained below pre-recessionary highs. The Fed’s zero-interest-rate policies, and expansion of the balance sheet, did little to improve that weakness. In fact, we argue that their incredibly loose monetary policy which fed speculative investments, deterred from economic growth.

"Between the Federal Reserve injecting a massive amount of liquidity into the financial markets, and corporations buying back their own shares, there have been effectively no other real buyers in the market.”




Quote
“It is hard for consumers to remain ‘confident,’ and continue spending, when they have lost their source of income. This is why consumer confidence doesn’t ‘go gently into the night,’ but rather ‘screaming into the abyss.'”

Full article:


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Re: Money
« Reply #841 on: April 17, 2020, 08:27:56 pm »

COVID-19 Was a Trigger, But Capitalism Caused the Economic Crash

RICHARD D. WOLFF, TRUTHOUT

Naming economic crashes after their triggers only distracts attention from capitalism's innate vulnerabilities.
Read the Article →
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Billionaire Taxes Decreased By 79% Since 1980
« Reply #842 on: April 18, 2020, 01:21:14 pm »
Agelbert NOTE: I placed this news here because it is about money, but it fits equally in the "Corruption in Government" topic, it being that the TAX " CODE" in the USA is a bipartisan effort (SEE: Mutt and Jeff Empire Duopoly mens rea modus operandi). I am not holding my breath waiting for any of the rational and reasonable  proposals put forth in this article to be enacted. The USA is not run by rational and reasonable people.

Billionaire Taxes Decreased By 79% Since 1980
By Bob Lord and Chuck Collins. Inequality.org. Conventional economic wisdom says a time of crisis is not the moment to enact tax increases. But, as Eric Toder at the Tax Policy Center recently pointed out: “[Tax experts] can begin to think of the time after the pandemic passes and how government should respond to massive increases in the public debt, and the new tax increases that Congress will need to enact to fund them.” Initial tax increases should hold harmless working- and middle-class families who will be the most economically vulnerable coming out the pandemic. The first several trillion in new revenue should come from... -more-
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Workers File Sexual Harassment Class-Action Lawsuit Against McDonald's
By Kate Taylor, Business Insider. On Monday, Florida McDonald's workers announced they had filed a $500 million class-action lawsuit against McDonald's, alleging the fast-food giant has a "systemic sexual harassment problem."  Jamelia Fairley and Ashley Reddick are the named plaintiffs in the suit, which was filed on behalf of the 5,000 women who worked at the 100 corporate-run McDonald's locations in Florida since 2016. Fairley and Reddick were coworkers at a McDonald's location in Florida, where they say that women faced physical assaults, groping, and sexually-charged comments on the job. Reddick said she dealt with sexual... -more-
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Agelbert COMMENT: Professor Wollf ✨ takes apart, piece by disingenuous piece, all the 😈 Social Darwinist True Believer excuses trotted out by CAPITALIST professionals, be they doctors or anybody else pushing the "I deserve more MONEY because I studied a longer time" BULLSHIT. In addition, he methodically destroys the (Social Darwinist = Capitalist) LIE that trickle UP economics is "inflationary". This video is a must for anyone that wants to know the truth about how it is NOT Socialism, but Capitalism's empathy deficit disordered cruelty that opens the door to Fascist Tyranny.

Richard D. Wolff ✨ - Is the Coronavirus the end of Capitalism & the Revival of Socialism?
13,515 views•Apr 17, 2020


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In this interview we have an in depth discussion with Marxist economist, author and co-founder of Democracy at Work Richard D. Wolff about the U.S. healthcare approach to the coronavirus and its economic implications. Furthermore we examine the U.S medical industrial complex, globalisation and the role financialization has played on healthcare. We also talk about whether government intervention can lead to distortions in the economy and even authoritarianism. Additionally, we discuss whether the concept of democracy at work can function during imminent crises such as the recent pandemic. Lastly, Wolff provides his opinion on Bernie Sanders endorsing Joe Biden and voting for the lesser of two evils.

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#coronavirus #covid19 #capitalism #corona #socialism
Category News & Politics
« Last Edit: April 19, 2020, 03:17:25 pm by AGelbert »
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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"I would rather surf elevator shafts."
« Reply #845 on: April 20, 2020, 03:50:54 pm »
"I would rather surf elevator shafts."


Mon, 04/20/2020 - 13:25

SNIPPET:

Via Global Macro Monitor,

Caveat freaking emptor.


The chart is stunning enough but check out the data table. 👀


As of the Friday close, the big five alone make up 17.97% of the value of almost all publicly traded stocks in the United States as measured by the Wilshire 5000.  Stunning :o. ... ...

We talked to a lot of traders over the weekend still trying to time the market and trade the noise.  Hard to get out even with your stops with 10 percent daily trapdoor moves, fellas (both feminine and masculine).  I would rather surf elevator shafts. ;D

The twenty- somethings in designer Nikes and physics degrees just haven’t learned or have enough context to understand monetary policy is more placebo than economics or that their is a tipping point when the printing presses run to hot.

full article:

He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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"Today was historic..." 😵
« Reply #846 on: April 20, 2020, 04:33:36 pm »

by Tyler Durden Mon, 04/20/2020 - 16:00

Today was historic... 😵


...for a number of reasons.

SNIPPETS:

Russell 2000 'VIX' has never been higher relative to Nasdaq 'VIX' than today (The widening gap reflects the damage being done to smaller companies by the coronavirus, Julian Emanuel, head of equity and derivatives strategy at BTIG LLC, wrote in a report.)...

US Macro-economic data crashed at a record pace back to the worst levels since the peak of the 2008 financial crisis...

Finally, the price of a barrel of oil has traded generally between 2.5oz and 5oz of silver for over 40 years... until today - using the June contract, it now costs just 1.3oz of silver to buy a barrel of oil - the cheapest ever.

Full article:


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Bank Stops Seizing Stimulus Checks After Exposé
« Reply #847 on: April 20, 2020, 05:00:50 pm »
Bank Stops Seizing Stimulus Checks After 🗽 Exposé
2,877 views•Apr 20, 2020


The Real News Network
395K subscribers

The American Prospect's David Dayen says the feds allowed banks to seize customer's coronavirus stimulus checks to payoff outstanding debt.

Subscribe to our page and support our work at https://therealnews.com/donate.
Category News & Politics
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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👉 You're Kidding, Right? 👀
« Reply #848 on: April 21, 2020, 12:39:13 am »

   
Agelbert NOTE: No, they aren't kidding. BUT, it's a future's contract thing so don't plan on being paid to fill up your tank any time soon. Howevah, you CAN COUNT on lots of shut down rigs AND Fracker Corporation bankruptcies very soon 


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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by Tyler Durden

Tue, 04/21/2020 - 12:58


Quote
Eugen Weinberg, Commerzbank AG’s head of commodity research: “There is a possibility it will change perceptions forever.”

Update (1345ET): Here we go again. June WTI is now crashing - trading below $7 - down over 65% on the day...


Agelbert NOTE: It has now been confirmed that De Oil Bidness has the Economic CoronavirU.S. ;D. In a sane country this would be celebrated. Unfortunately, the USA is not run by sane people.


Expect a BIPARTISAN Fed (i.e. 🦖 Polluter Welfare Queen BAILOUT coerced from we-the-people) economic "Ventilator" applied to Frackers everywhere while most people in the USA begin to go hungry.
           👉             
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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🦕 Oil Prices Crash Below Zero for First Time in History Amid Pandemic

By Reuters on Apr 20, 2020 08:08 pm

By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Brent crude, the international benchmark, also slumped, but that contract […] Read full story...


Energy Equities Hang On Despite Negative Oil Price, Tankers Surge

By Bloomberg on Apr 20, 2020 07:57 pm
Crude oil Pipeline

By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. Yet the S&P 500 Energy Index fell just 3.3%, the most […]  Read full story...


Singapore Oil Trader Hin Leong Failed to Declare $800 Million Losses

By Bloomberg on Apr 20, 2020 01:42 pm

Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a much bigger hole in the company’s finances than thought, according to affidavits seen by Bloomberg. The downfall of Hin Leong Trading (Pte) Ltd., one of the biggest […]  Read full story...



By Reuters on Apr 20, 2020 03:11 pm

SNIPPET:

SCOTT SHELTON, ENERGY SPECIALIST, UNITED ICAP:

“The market is now understanding what the true meaning of ultra low refinery runs, open blending arbs and full tanks. There is no bid for May WTI as there is no buyer and we have yet to see a significant reduction in supply at Cushing to offset it.”

Full article:

He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Long Breadlines Form Outside Of Food Banks
« Reply #851 on: April 21, 2020, 10:50:02 pm »

Long Breadlines Form Outside Of Food Banks 💣
April 20, 2020 By Alan Macleod, Mintpress News. At least 10,000 cars line up in an orderly fashion in San Antonio, all full of hungry, increasingly desperate people. Thousands already arrived the night before just to get a chance to eat. “We just can’t feed this many,” said the CEO of the local food bank that Texans have descended upon. It is a scene playing out across the country; 1,300 cars swamped the drive-thru Greater Pittsburgh Food Bank. The United Center, home to the Chicago Bulls and Blackhawks, has been transformed into a huge food warehouse, as COVID-19 has driven a wedge through the cracks in American society, where...

Full article:
https://popularresistance.org/long-breadlines-form-outside-of-food-banks/

He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

Surly1

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We Are Living in a Failed State
« Reply #852 on: April 22, 2020, 07:44:19 am »

Long Breadlines Form Outside Of Food Banks 💣
April 20, 2020 By Alan Macleod, Mintpress News. At least 10,000 cars line up in an orderly fashion in San Antonio, all full of hungry, increasingly desperate people. Thousands already arrived the night before just to get a chance to eat. “We just can’t feed this many,” said the CEO of the local food bank that Texans have descended upon. It is a scene playing out across the country; 1,300 cars swamped the drive-thru Greater Pittsburgh Food Bank. The United Center, home to the Chicago Bulls and Blackhawks, has been transformed into a huge food warehouse, as COVID-19 has driven a wedge through the cracks in American society, where...

Full article:
https://popularresistance.org/long-breadlines-form-outside-of-food-banks/

This can't go on forever.

Found this article yesterday which speaks to this and other concerns.

We Are Living in a Failed State
The coronavirus didn’t break America. It revealed what was already broken.


by George Packer



When the virus came here, it found a country with serious underlying conditions, and it exploited them ruthlessly. Chronic ills—a corrupt political class, a sclerotic bureaucracy, a heartless economy, a divided and distracted public—had gone untreated for years. We had learned to live, uncomfortably, with the symptoms. It took the scale and intimacy of a pandemic to expose their severity—to shock Americans with the recognition that we are in the high-risk category.

The crisis demanded a response that was swift, rational, and collective. The United States reacted instead like Pakistan or Belarus—like a country with shoddy infrastructure and a dysfunctional government whose leaders were too corrupt or stupid to head off mass suffering. The administration squandered two irretrievable months to prepare. From the president came willful blindness, scapegoating, boasts, and lies. From his mouthpieces, conspiracy theories and miracle cures. A few senators and corporate executives acted quickly—not to prevent the coming disaster, but to profit from it. When a government doctor tried to warn the public of the danger, the White House took the mic and politicized the message.

Every morning in the endless month of March, Americans woke up to find themselves citizens of a failed state. With no national plan—no coherent instructions at all—families, schools, and offices were left to decide on their own whether to shut down and take shelter. When test kits, masks, gowns, and ventilators were found to be in desperately short supply, governors pleaded for them from the White House, which stalled, then called on private enterprise, which couldn’t deliver. States and cities were forced into bidding wars that left them prey to price gouging and corporate profiteering. Civilians took out their sewing machines to try to keep ill-equipped hospital workers healthy and their patients alive. Russia, Taiwan, and the United Nations sent humanitarian aid to the world’s richest power—a beggar nation in utter chaos.

Read the rest here:
https://www.theatlantic.com/magazine/archive/2020/06/underlying-conditions/610261/

AGelbert

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The **** are in charge.
« Reply #853 on: April 22, 2020, 12:13:19 pm »

Long Breadlines Form Outside Of Food Banks 💣
April 20, 2020 By Alan Macleod, Mintpress News. At least 10,000 cars line up in an orderly fashion in San Antonio, all full of hungry, increasingly desperate people. Thousands already arrived the night before just to get a chance to eat. “We just can’t feed this many,” said the CEO of the local food bank that Texans have descended upon. It is a scene playing out across the country; 1,300 cars swamped the drive-thru Greater Pittsburgh Food Bank. The United Center, home to the Chicago Bulls and Blackhawks, has been transformed into a huge food warehouse, as COVID-19 has driven a wedge through the cracks in American society, where...

Full article:
https://popularresistance.org/long-breadlines-form-outside-of-food-banks/

This can't go on forever.

Found this article yesterday which speaks to this and other concerns.

The coronavirus didn’t break America. It revealed what was already broken.

by George Packer


When the virus came here, it found a country with serious underlying conditions, and it exploited them ruthlessly. Chronic ills—a corrupt political class, a sclerotic bureaucracy, a heartless economy, a divided and distracted public—had gone untreated for years. We had learned to live, uncomfortably, with the symptoms. It took the scale and intimacy of a pandemic to expose their severity—to shock Americans with the recognition that we are in the high-risk category.

The crisis demanded a response that was swift, rational, and collective. The United States reacted instead like Pakistan or Belarus—like a country with shoddy infrastructure and a dysfunctional government whose leaders were too corrupt or stupid to head off mass suffering. The administration squandered two irretrievable months to prepare. From the president came willful blindness, scapegoating, boasts, and lies. From his mouthpieces, conspiracy theories and miracle cures. A few senators and corporate executives acted quickly—not to prevent the coming disaster, but to profit from it. When a government doctor tried to warn the public of the danger, the White House took the mic and politicized the message.

Every morning in the endless month of March, Americans woke up to find themselves citizens of a failed state. With no national plan—no coherent instructions at all—families, schools, and offices were left to decide on their own whether to shut down and take shelter. When test kits, masks, gowns, and ventilators were found to be in desperately short supply, governors pleaded for them from the White House, which stalled, then called on private enterprise, which couldn’t deliver. States and cities were forced into bidding wars that left them prey to price gouging and corporate profiteering. Civilians took out their sewing machines to try to keep ill-equipped hospital workers healthy and their patients alive. Russia, Taiwan, and the United Nations sent humanitarian aid to the world’s richest power—a beggar nation in utter chaos.

Read the rest here:
https://www.theatlantic.com/magazine/archive/2020/06/underlying-conditions/610261/


All true. The root cause is the Capitalist Ideology/Religion of Social Darwinism. Said Ideology/Religion considers it perfectly reasonable to devastate the biosphere, while methodically destroying the lives of most humans as a 'get rid of the "useless eaters" bonus', for elite power and profit. 👉

Now inevitable, the increasingly deadly consequences of Catastrophic Climate Change will be addressed, not in rational viable biosphere, multi-species preserving and protecting cooperative stewardship by caring humans, but by, as the linked article warns, "... the increasing insulation of the world's wealthy minority from the rest of humanity -- buying protection for their fortressed communities from the Halliburtons, Bechtels and Blackwaters of the world while the majority of the poor are left to scramble for survival among the ruins."

The **** are in charge. They will remain in charge until their security forces get tired of watching their non-rich friends die in misery, and not one second later. That is cold comfort considering the fact that the security forces of the **** have the same Social Darwinist Ideology...   



He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

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