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Author Topic: Money  (Read 24957 times)

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AGelbert

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CleanTechnica
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April 14th, 2020 April 14th, 2020 by Johnna Crider

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Thu, 04/16/2020 - 10:22

Agelbert NOTE: The unvarnished truth, as summarized by the following cartoon, was told by many for a LONG, LONG time. The "Greed is Good" Amen CAPITALIST CHORUS, as usual, did not listen. Now even a homeless person on a park bench puts COVID-19 fear in the heart of those greedy evil bastards. 




Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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To the Hydrocarbon Hellspawn fossil fuelers who labor under the "business as usual" DELUSION that that the latest TRUMPIAN (with lots of BIPARTISAN support) GOVERNMENT WELFARE QUEEN PROPOSAL to PAY 🦕🦖 Oil Corporations to NOT Drill, while we-the-people are paid NOTHING for basic needs, will "work:


Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Anti-Capitalist Chronicles: Collective Form of 🗽 Action
1,926 views•Apr 16, 2020


Democracy At Work
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[S2 E08] Collective Form of Action

To our Patreon community: thank you for supporting David Harvey's Anti-Capitalist Chronicles  on Patreon! Your support helps us compensate the staff and additional workers it takes to put an episode together. Thank you for being a part of the ACC team!

If you would like to support this project visit us at https://www.patreon.com/davidharveyacc

In this episode, Prof. Harvey argues that this crisis has afforded us an opportunity for significant change. With so many people out of work, freed up from producing wealth for the capitalist class, instead of hoping that things go back to normal, and people return to the low-paying, exploitative jobs, that we give serious thought to reorganizing our society and work to create something radically different.

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Category News & Politics
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

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:


Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Re: Money
« Reply #845 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 →
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Billionaire Taxes Decreased By 79% Since 1980
« Reply #846 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-
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

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-
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

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


acTVism Munich
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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 »
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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"I would rather surf elevator shafts."
« Reply #849 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:

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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"Today was historic..." 😵
« Reply #850 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:


Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Bank Stops Seizing Stimulus Checks After Exposé
« Reply #851 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
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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👉 You're Kidding, Right? 👀
« Reply #852 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 


Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

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.
           👉             
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

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:

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

 

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