Tuesday, July 21, 2015

Today's Links

1---Obamas plan for mass capital flight

The reckless Association Agreement between the EU and Ukraine took the European taxpayer immediately into the obligation: As in Greece, the Americans will insist that Europeans must keep Ukraine financially afloat. [Whereas the U.S. has few financial obligations there, the EU now is committed to Ukraine via its post-February-2014 Association Agreement. And Russia has already lost what it had risked in Ukraine, and now is relatively immune to Ukraine’s continuing collapse.] The Russians can always carry out their threat, and stop the gas deliveries through Ukraine [if the EU does not pay Ukraine, and Ukraine not pay Russia].
The costs of the “rescue” of Ukraine will exceed those for Greece many times....

The article explains: “So, basically, another Great Depression seems to be predicted here. According to their model, it will probably happen after the interest-rate on 10-year Treasuries rises above 5.2%, when the unrealism of current official projections has become sufficiently clear to the world so that the federal debt resumes soaring and the interest-portion of federal expenditures rises similarly. That would be some time after 2018.”
However: What would happen if, in, say, October 2015, all the rest of the industrialized world crashes and their investors are pouring into U.S. equities? In that case, the Federal Reserve will be able to end their QE and raise U.S. interest rates beyond the magical 5.2% with impunity.

Has Obama’s strategy been to weaken all other major economies so that the U.S. will still be able to avoid a collapse even while the wealth-disparity between America’s rich and poor continues getting ever-wider (largely via the Fed’s monetary policies reinforcing the fiscal policies from a heavily Republican pro-austerity Congress)? For example, is this part of the reason for what Obama has been doing to Ukraine, and to Russia, and soon stopping doing to Iran? Has he been preparing to get foreign aristocrats to pour their money into Wall Street?

2---U.S. Government Bonds Post Biggest Two-Day Selloff Since 2013 July 10

3--China's Record Dumping Of US Treasuries Leaves Goldman Speechless

4--Greek banks face full nationalisation
5--Earth’s Most Famous Climate Scientist Issues Bombshell Sea Level Warning

6--The Iran nuclear pact and US imperialism’s drive for global hegemony\
7--Commodity Rout Worsens as Prices Tumble to Lowest Since 2002

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