Tuesday, September 6, 2016

Today's links

1--US has ‘false economy’ & artificial stock market – Trump


We have a very false economy,” Reuters reported Trump as saying in answering to a journalist’s question while campaigning in Ohio on Monday.“They’re keeping the rates down so that everything else doesn't go down,” Trump added in response to the question, which was about a possible rise in interest rates by the Federal Reserve this month.

At some point the rates are going to have to change,” Trump said. “The only thing that is strong is the artificial stock market.”

We have to rebuild the infrastructure of our country. We have to rebuild our military, which is being decimated by bad decisions. We have to do a lot of things. We have to reduce our debt, and the best thing we have going now is that interest rates are so low that lots of good things can be done – that aren’t being done, amazingly,” Trump said back in April.


2--Trump Slams Yellen: The Fed Has Created A "Stock Bubble" And "A False Economy" To Boost Obama


...speaking to a reporter traveling on his plane who asked Trump about a potential rate hike by the Fed in September, Trump took his vendetta to the next level, saying that the Fed is "keeping the rates artificially low so the economy doesn't go down so that Obama can say that he did a good job. They're keeping the rates artificially low so that Obama can go out and play golf in January and say that he did a good job. It's a very false economy. We have a bad economy, everybody understands that but it's a false economy. The only reason the rates are low is so that he can leave office and he can say, 'See I told you.'"...


On whether we can have a rate hike in September: "Well, the only thing that's strong is the artificial stock market. That's only strong because it's free money because the rates are so low. It's an artificial market. It's a bubble. So the only thing that's strong is the artificial market that they're created until January. It's so artificial because they have free money... It's all free money. When rates are low like this it's hard not to have a good stock market."

3--Are markets too worried about the Fed?


Important

4--It's a Gas, Gas, Gas:  --Syrian War: 'Nothing to Do With Daesh, It is Energy Battle for Future Pipelines'


German online newspaper Deutsche Wirtschafts Nachrichten has provided its own analysis on the developments in Syria, noting that the severest clashes occur only in places of major pipelines or where new routes are planned to run; hence it says, the conflict is nothing more than a fight for the best positions to start oil and gas supplies to Europe.

5--'Plan B': Washington Still 'Seeking to Divide Syria Into Separate Enclaves'


"The essence of the American plan B for Syria is the distribution of its regions into enclaves and the consequent isolation of the central authorities. While Bashar Assad remains in power, Washington and its allies will be promoting separatist sentiments across Syria to sabotage any attempts to transfer the Syrian conflict into the peaceful reconciliation process," Ivanov suggests.
...
The Russian academic suggests that the Turkish "Euphrates Shield" operation could be part of Kerry's "Plan B" and calls attention to the fact that Ankara and the Free Syrian Army (FSA) are now controlling a 60-mile long and 25-mile wide sector along the Turkish-Syrian border.

Indeed, Turkish President Recep Erdogan continues to promote the creation of a "no-fly zone" in northern Syria — along Turkey's southern border between Jarablus on the western bank of the Euphrates and Azaz.
...

Anton Mardasov of Svobodnaya Pressa called attention to the fact that by stepping in in Syria, Turkey has blocked the creation of the so-called Federation of Northern Syria-Rojava declared by the Syrian Kurdish Democratic Union Party (PYD) back in March 2016 and championed by the US-backed Kurdish People's Protection Units (YPG).

In this context Turkey's move has played into the hands of those forces which are trying to preserve Syria's territorial integrity. Mardasov highlighted that simultaneously Ankara has softened its stance on Assad remaining in a transitional Syrian government.





This was the first meeting of world leaders since the referendum vote in the UK to quit the European Union, a distorted reflection of growing opposition to the drive to austerity and cuts in living standards. The growing hatred of the political establishment has been reflected in the US, both in the rise of the far-right Republican Trump presidential candidacy, the widespread support for the self-styled “democratic socialist” Bernie Sanders in the race for the Democratic Party nomination and the broad hatred for the party’s nominee Hillary Clinton.

The communiqué pointed to the growing concerns in ruling circles over this social opposition with a series of empty phrases about meeting the needs of “present and future generations,” ensuring public support for expanded growth in a globalised economy and the need for an “integrated narrative for strong, sustainable, balanced and inclusive growth.”...

The so-called backlash against globalisation is the expression of a deeper phenomenon—growing hostility to the operation of the capitalist profit system itself. The leaders of the countries named in the Financial Times report have reasons for concern, along with their counterparts in other countries, as statistics on the rise of social inequality make clear.

In the UK, real wages between 2007 and 2015 fell by 10.4 percent, a figure only matched in Greece, where workers were savaged by the austerity drive of the IMF and the EU.

In the US economic inequality leap ahead in 2015 with the average incomes of the top 1 percent rising twice as fast as the rest of the population. The top 10 percent of the population collected more than half of total US household income.
Last year the Organisation for Economic Co-operation and Development, which covers 35 of the wealthiest countries, reported that income inequality had reached an all-time high, a situation which is certain to have worsened since then....

The underlying fear of the ruling class, which saw partial expression at the G20 summit, is that the present inchoate opposition to the capitalist order will take the form, not of a “backlash against globalisation” but the development of a socialist movement based on the understanding that civilisation can only be advanced by the overthrow of the socially-destructive and historically-outmoded profit system.


9--Rebel/US/Turkish failure at Aleppo is absolute.






Turkish President Recep Tayyip Erdoğan has reiterated his previous call for the formation of a “safe zone” inside Syria to help solve the migrant problem, while also calling for the creation of a “no-fly zone” in order to secure the region’s security. 

Stating that despite his previous calls for a no-fly zone being formed inside Syria with the aim at helping solve the migrant crisis not receiving any return, Erdoğan said he once again brought the issue up with the leaders of the world’s top 20 economies who attended the G-20 Summit on Sept. 4-5.

“We raised the issue of the formation of a safe zone in Syria to all our friends at the summit,” Erdoğan said, during a televised press conference on the sidelines of the G-20 Summit in China’s Hangzhou on Sept. 5. ...

Erdoğan also said that a no-fly zone in northern Syria needed to be established in order to secure the region’s security, adding that he had proposed this option to both U.S. President Barack Obama and Russian President Vladimir Putin during his meetings with the leaders over the weekend on the sidelines of the G-20 Summit in China.

“We are in the endeavor to take this step,” Erdoğan said.

11 --Turkey ‘offers possibility of gas supplies through Turkish Stream to border with Greece’

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