Republicans Ask Ketanji Brown Jackson the DUMBEST Questions Imaginable Because OF COURSE
The Humanist Report (THR) is a progressive political podcast that discusses and analyzes current news events and pressing political issues. Our analyses are guided by humanism and political progressivism. Each news story we cover is supplemented with thought-provoking, fact-based commentary that aims for the highest level of objectivity.
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The Invisible Woman [Jayati Ghosh] THE ECONOMIC ROLE OF GENDERS
The Invisible Woman [Jayati Ghosh]
Economics has many flaws, yet few are as broadly oppressive as its illusions about gender.
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👉Mortgage Market Meltdown : Delinquencies Reach Highest Level Since 2011 !!
👉Mortgage Market Meltdown : Delinquencies Reach Highest Level Since 2011 !!
A house was a need, then it became an asset, and now an investment, and even speculative instrument in many cities.
Buying a house in 2020 would be like buying a house in 2006!
Anyone who buys a house right now is either a millionaire or an idiot.
In about September or a little bit after, the government stimulus package will end, and you will see the real economy plays out. Layoffs will skyrocket, followed by bankruptcies, followed by foreclosures, and followed by the great abyss of depression.
The average house is way beyond affordable for the average income in many areas of the country.
We are overdue for a correction.
It is a myth that an average income person should be able to afford an average priced home. There is a reason why less than 2/3 of Americans own their homes, and the rest are renters.
If you have a mortgage or you're looking to take a mortgage out in their future or even refinance, then you definitely need to watch this video to make sure that you're fully informed. There is a clear imbalance between the state of the economy and the price level in the housing market. To take advantage of the low mortgage rate, it's unwise to pay $100K more in the conforming or $200K more in the jumbo market. V-shaped short-term reversal is not 'necessarily' recovery; a recovery is a sustainable event, so it's too early to talk about recovery.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
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Thank You.
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China Preparing To Launch The Digital Yuan: Prepare For The US Dollar Collapse!
China Preparing To Launch The Digital Yuan: Prepare For The US Dollar Collapse!
China will be the first country to launch a digital currency.
China's digital yuan would be a "potentially fatal challenge" to American hegemony.
Honestly, who wouldn't want all one's wealth under the total surveillance and control of China's Communist Government? Sounds like a great idea!
This currency is more designed to further repress the local population.
A new crypto that gives China even more power over its citizens and over the world economy.
The digital Yuan is going to be just another way for a totalitarian government to watch us.
Control over the people via digital currencies is one of the goals of the Great Reset.
The ECB too is moving ahead with its own plans for a digital currency by the mid 2020's.
The Chinese have used a lottery to hand out free digital Yuan to test pilot the new system. It has been received well by residents of Shenzhen.
The Chinese government is not going to have to force anyone to adopt digital currency. The Chinese people will love it.China is the most wired place on earth, and they love it.
Notice how we already have digital currencies but that isn't good enough, they need to make cash illegal. They want to keep track of you and control you with the press of a button, cutting off your ability to buy or sell if you step out of line.
All countries are going to a digital crypto currency even the US which will release its White Paper this summer. Lagarde is going to do the same this summer.....
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This Is What Happens When Millions Of Workers Disappear From The System…
In every corner of America, businesses are deeply struggling to find enough workers and resume normal operations. In the entire history of the United States, we have never seen such a persistent shortage of labor. With each passing day, more disruptions caused by this nationwide staffing shortfall are being reported. Most employers say that they have never experienced anything like this before. In fact, not very long ago, we had a chronic unemployment problem that stretched back for decades. Economists used to insist that our economy would never be able to generate enough jobs for everyone, but that turned out to be wrong. There are currently more than 10 million open positions all around the nation, and employers are scrambling to attract people back to the workforce.
According to the Bureau of Labor Statistics, 4.5 million Americans voluntarily left their jobs in November, which has pushed the quits rate to 3%, matching the high from September. The report also highlighted that workers in the hospitality industry had the highest quits rate, at 6.1%, and those in health care, transportation, warehouse, and utilities came just behind. "Workers continued to quit their jobs at a historic rate. The low-wage sectors directly impacted by the [health crisis] continued to be the source of much of the elevated quitting," explained Nick Bunker, the director of research at the Indeed Hiring Lab. Industry analysts expect this dynamic to persist during the whole year of 2022, especially considering the new wave of virus cases.
In recent months, the conditions in the labor market have become so critical that businesses closures related to severe staffing losses are being reported on an almost daily basis, with small businesses being particularly hard hit. Zoe Olson, the executive director of the Nebraska Restaurant Association, notes that the problem is a confluence of many factors: from workers’ health concerns to lack of child care amid the gathering restrictions, just to name a few. “It’s a perfect storm,” Olson said. And it’s affecting all sectors of the economy -- not only restaurants -- from suppliers to truck drivers, he added.
At this stage of the crisis, even some of the biggest corporations in the country can't find enough workers. Last month, many consumers were shocked to learn that Apple has closed every single one of their stores in New York. All around the nation, public-facing businesses are going through yet another wave of shutdowns as employers quit their jobs amid the worsening health crisis. What's even more worrying is that there are other institutions where a lack of workers can literally put the lives of thousands of people in danger. Right now, hospitals are severily struggling with a critical staff shortage, and many facilities had to permanently or temporarily halt some services.
With the number of available workers drastically reduced, many businesses are starting to come up with very creative alternatives to stay afloat. For instance, in California, some hotels are now utilizing robots. As the hospitality industry faces mounting pressure to provide attentive service, in Silicon Valley, robots are filling the gap left by workers. Even though that may sound strange, industry executives say that this is where things are headed now. And there are many advantages to using robots for everyday services. According to Cousins, the robot only needs to be trained once to be able to navigate the lobby and hallways, and it is even adapted to call for an elevator and press the destination floor. This trend is just the beginning. One CNN report estimated that by 2030, robots could have taken over 20 million manufacturing jobs around the world.
Perhaps that has been the plan of the elites all along. Unfortunately, when the economy starts sliding and people try to come back to these jobs, they won't be there anymore. Our world is rapidly becoming an extremely bizarre place, and it is safe to say that things will soon become even weirder. Those who are still waiting for things to come back to normal can stop waiting because it simply is not going to happen. As technology advances, our society will continue to be transformed at a breathtaking pace, and we must be ready to face a different world as global events accelerate even further as we hurtle through the early stages of 2022.
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This Is Not Just A Supply Chain Shortage, It Is An Organized Blockage!
This Is Not Just A Supply Chain Shortage, It Is An Organized Blockage!
Supply chain issues are only worsening.
The government sabotaged the supply chain, and now they can't undo the damage they did. It's gonna be a rough winter for a lot of folks.Higher prices at the gas pump .Stores charging two times more for stuff
U.S. ports currently jammed with ships waiting to be unloaded.
As of late September, 2021 there is an average of 60 vessels – and as many as 73 – at anchor outside the Ports of L.A. and Long Beach, so the problem peaked this month.
Ships not getting past the offloading bottleneck at the ports.
This has to do with huge increase in demand, No workers on the docks and no Power in China.
There's a shortage of truckers at the ports for the goods to be taken off awaiting ships to come into port and offload.
There are no port workers thanks to cheap pay.
More and more parked ships waiting offload.
There is a shortage of cranes to unload the ships.
CDL drivers to transport to distribution centers are lacking.
The ports are full of goods awaiting trucks to take the goods across America.
This is partly caused by a California Truck Ban which says all trucks must be 2011 or newer ,and a law called AB 5 which prohibits Owner Operators.
Traditionally the ports have been served by not unionized Owner Operators . California has now banned all Owner Operators.
Long term truckers in California are not investing in new trucks because California has a law that will outlaw it in 2035. They want them to purchase electric trucks which do not exist yet.
25% of truck drivers have QUIT driving because of the new $ 15 min wage they can make elsewhere.
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The Dangers of The Great Reset Explained !!
The Dangers of The Great Reset Explained !!
The Great Reset” began trending on Twitter after Canadian Prime Minister Justin Trudeau said the pandemic had provided an “opportunity for a reset.
“This pandemic has provided an opportunity for a reset – this is our chance to accelerate our pre-pandemic efforts to re-imagine economic systems that actually address global challenges like extreme poverty, inequality and climate change,” he added.
The World Economic Forum's Great Reset initiative is picking up steam on Twitter. The Great Reset is basically the organization's plan to impose socialism on the world, and the World Economic Forum wants to use the pandemic as a reason to do so.
So What is “the Great Reset”?
For the full transcript go to https://financearmageddon.blogspot.com
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This Is Why The Supply Chain Crisis Will Get Worse In 2022
This Is Why The Supply Chain Crisis Will Get Worse In 2022
Over the past 18 months, U.S. consumers have been facing extensive shortages and acute price increases. Since last year, government officials have been telling us that this is a temporary crisis that will soon be over. At this stage, shortages should already be gone. But instead, conditions are only getting worse. In fact, each one of the crises we faced in 2020 have gotten significantly worse in 2021. And now that 2022 is just around the corner, the cheerful voices have disappeared. Even the optimists are finding it hard to say anything positive about the coming year. On top of facing shortages of food staples and everyday essentials, many Americans are struggling to find food for their pets. The U.S. is going through a severe pet food shortage for almost eight months, but now things have gotten so bad that this peculiar shortage has gotten media attention.
The Wall Street Journal recently released an article entitled “The Pet-Food Shortage Is Real, and Owners Are Scrambling,” in which it explained that import and production holdups have hit dog food and cat food just like human food. This particular shortage is another example of how vulnerable supply chains are right now. Even the simplest of items cannot be found anywhere anymore. Of course, this is just an exemplification of how the import crisis is affecting food inventories all over the country. In a recent interview, Patrick Penfield, professor of supply chain practice at Syracuse University’s Whitman School of Management, said that international foods are among the products in short supply all across America. “As you walk through a lot of stores you won’t see the quantity and quality of items you are accustomed to seeing,” Penfield said. “Unfortunately, as we progress through the holiday season, we are seeing more bare shelves and stockouts of popular items.”
One very popular item that people will scramble to find this season is peppermint Candy Canes. In fact, the New York Post has called this shortage “the great Candy Cane Crisis of 2021.” According to the outlet, many retailers are having trouble keeping candy canes in stock, due to "a combination of ongoing supply chain issues and a downturn in this year’s peppermint crop". “We only received half of our candy cane order for the holiday season and sold out almost immediately. We currently have zero in stock,” said Mitchell Cohen, the owner of New York City’s Economy Candy. “Raw material and ingredient shortages globally have had quite an impact.” Cohen exposed that this was the first time that his 84-year-old store has ever run out of these popular stocking stuffers. "Since candy canes were invented, we've had candy canes," he said.
Data released by the U.S. Department of Agriculture's statistics show that peppermint production has dropped by nearly 25 percent in the United States. To make things worse, U.S. mint crops, including peppermint and spearmint, have been threatened by Verticillium wilt, a fungal disease that can't be exterminated by any fungicide, but can destroy entire fields of mint. This shortage has become a nationwide phenomenon, and it illustrates how America's crop failures can impact the production of items we usually take for granted. This Christmas, our tables may look very different than in previous years. And that's because a series of the essentials for setting the table like disposable plates, cups and cutlery are in short supply. Food items, such as cream cheese, cranberry sauce, chicken tender, and Lunchables will be harder to find too. A recent study conducted by the business consultancy firm KPMG found that 71% of grocery consumers said they were very concerned about shortages or stockouts, and 35% are having to switch brands when their favorite items are out of stock.
This has been an exceedingly painful year for millions of Americans, especially for those who have never gotten a proper chance to recover from the recession that started in 2020. That's why so many of us are desperately hoping for a major turnaround in 2022. But realistically speaking, that's not going to happen. For many decades, our leaders have been making foolish decisions that have led us to this point. And it will take years to resolve the crises we're currently facing. Politicians, policymakers, and all of our other “leaders” in Washington don't seem to know what they're actually doing. And many people are still hoping that they will find a way to navigate us out of this mess. The blind are leading the blind. And most Americans don't realize the dangers that lie ahead as we walk into a horrifying economic abyss.
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This Fed Driven Bubble Destined To End Badly
This Fed Driven Bubble Destined To End Badly
Reassurance from central banks is only emboldening investors to add to their risks. Regardless of what he says Fed Chair Powell has confirmed the Fed plans to continue its role as the great enabler. Every time the Fed signals more easing or that it will keep rates low it boosts the ability of other central banks to do the same and governments to add to their stimulus packages. This is why those demonizing the dollar may be wrong, if anything all fiat currencies that are under pressure from this expansion of the money supply.
Central banks across the globe have been able to lower their rates or do additional stimulus without causing concerns their currency would crater. The fact that so many loans across the world are based and loaned in dollars means countries and businesses must buy dollars to repay their obligations. This puts a bit of a foundation under the dollar going forward. It could be argued the reason several countries have reduced their US Treasury holdings is not that the dollar is slated to fall but is more related to the fact they have problems at home and need dollars in order to service their debt obligations.
Adding to the complexity of money flows is that America's stimulus packages are simply putting more icing on China's cake and the other countries that enjoy a trade surplus with America. We are carrying the world on our shoulders. Rather than paying rent or making mortgage payments, it seems from the exploding trade deficit that Americans are taking much of the money they get from Uncle Sam and buying imported goods.
For the full transcript go to Bruce Wilds/AdvancingTime Blog
http://brucewilds.blogspot.com/
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The Death of Neoliberalism [Suresh Naidu]
The Death of Neoliberalism [Suresh Naidu]
Since the Agrarian Revolution, technological progress has always fueled opposing forces of diffusion and concentration. Diffusion occurs as old powers and privileges corrode; concentration occurs as the power and reach of those who control new capabilities expands. The so-called Fourth Industrial Revolution will be no exception in this regard.
Already, the tension between diffusion and concentration is intensifying at all levels of the economy. Throughout the 1990s and early 2000s, trade grew twice as fast as GDP, lifting hundreds of millions out of poverty. Thanks to the globalization of capital and knowledge, countries were able to shift resources to more productive and higher-paying sectors. All of this contributed to the diffusion of market power.
But this diffusion occurred in parallel with an equally stark concentration. At the sectoral level, a couple of key industries – most notably, finance and information technology – secured a growing share of profits. In the United States, for example, the financial sector generates just 4% of employment, but accounts for more than 25% of corporate profits. And half of US companies that generate profits of 25% or more are tech firms.
The same has occurred at the organizational level. The most profitable 10% of US businesses are eight times more profitable than the average firm. In the 1990s, the multiple was only three.
Such concentration effects go a long way toward explaining rising economic inequality. Research by Cesar Hidalgo and his colleagues at MIT reveals that, in countries where sectoral concentration has declined in recent decades, such as South Korea, income inequality has fallen. In those where sectoral concentration has intensified, such as Norway, inequality has risen.
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America in Terminal Decline While China , Russia and India are Rising
America in Terminal Decline While China , Russia and India are Rising
The Rise of Eurasia & The Decline of America and The West !!
Asian players are proving to be conceptually and bureaucratically better positioned in the 21st century’s Great Game that involves tectonic geopolitical shifts with the emergence of what commonly called the Eurasian continent which is the fusion of Europe and Asia into a “supercontinent.” While China and Russia solidify their economic and political alliance, the U.S. is missing an historic chance to join a multilateral world, instead clinging to military empire. Since Saudi Arabia, which mostly consists of flat desert with oil wells, spends more on "defense" than the entire 11 time zones of the nuclear power Russian Federation, it seems they are not spending particularly wisely. Putin dropped the hint about the Saudis acquiring the S-400 when asked point blank about the early Saturday major drone attack on the Aramco facilities, citing the need for Riyadh to protect its oil infrastructure., joking that Saudi Arabia should buy the same S-400 anti-missile defense system that Moscow already sold to Tehran ,amid the laughter of Iranian officials, including President Rouhani .
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Charles Nenner Warns : The Coming Market Crash will be much worse than what people think !!
👉Charles Nenner Warns : The Coming Market Crash will be much worse than what people think !!
Charles Nenner Warns The Coming Market Crash will be much worse than what people think !!
Today we have a distinguished guest, the legendary market analyst Charles Nenner, President of Charles Nenner Research : https://www.charlesnenner.com/ free-trial
Charles Nenner is a Technical Analyst. A medical doctor, a geopolitical and financial cycle expert. He has been an analyst for over 30 years - including providing analysis from his unique models for Goldman Sachs for almost 15 years.
In 2001, Charles Nenner founded and was president of the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities worldwide: hedge funds, banks, brokerage firms, family offices, and individual clients.
Charles Nenner uses advanced mathematical models/algorithms to identify profitable patterns in the market, such as the Fibonacci ratio, the Golden Mean.
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Dr. Marc Faber Exclusive Interview With The Atlantis Report
Dr. Marc Faber Exclusive Interview With The Atlantis Report
We are proud to bring you Dr. Marc Faber of the https://www.gloomboomdoom.com
Dr. Marc Faber, you are the author, the editor, and the publisher of The Gloom Boom and Doom report, which highlights unusual investment opportunities, and you are the author of several books, including Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets.
And Tomorrow’s Gold – Asia’s Age of Discovery, which was first published in 2002 and highlighted future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. You are a regular speaker at various investment seminars, Dr. Faber. You are well known for your contrarian investment approach. Your contrarian views have earned you the nickname of Doctor Doom. You are a world-class investor and a regular speaker at various investment seminars.
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How China Escaped Shock Therapy !!
How China Escaped Shock Therapy!!
A story spanning thousands of years, there is far more to China's market reformation than many Western scholars might have you believe.
Isabella Weber (UMass Amherst) discusses her new book on how China managed its transition from central planning to markets, available now: https://www.routledge.com/How-China-E...
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China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
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Warning : China Enters Economic Chaos !!
An important Chinese State-owned enterprise is collapsing; as are multiple Chinese banks. China’s banking sector is showing signs of strain, with more than 13% of 4,379 lenders now considered “high risk” by the central bank. Something is starting to severely crack in China's financial system. Only three days after we posted a video about the self-destructive doom loop that is lacerating China's smaller banks, where a second bank run occurred in just two weeks - an unparalleled event for a country where up toearlier this year not a single bank was allowed to fail publicly and has so far this year no less than five banks high profile nationalizations/bailouts/runs . China is facing the biggest state-firm offshore debt failure in 20 years.China Braces For December D-Day: The unparalleled and Unprecedented Default Of A Massive State-Owned Enterprise. Tewoo , a major Chinese commodity trader, looks poised to become the most high-profile state-owned enterprise (SOE) to default in the US dollar bond market in over two decades. In a fresh sign that Beijing is more willing to allow failures in the politically sensitive SOE sector, Tewoo Group has offered an unparalleled debt restructuring plan that implies deep losses for investors or a trade for new bonds with considerably lower returns. Commodity giant Tewoo Group reportedly could become one of China's all-time high profiled state-owned enterprises to default on a U.S. dollar bond. «Tewoo Group is very likely to default on its 300 million US dollar bond due December 16 » Bloomberg said in a report citing unnamed buy-side sources linked to the firm’s offshore debt manager. Tianjin-based Tewoo has businesses in infrastructure, logistics, mining, autos, and ports, its website said, with presence in the U.S., Germany, Japan, and Singapore. In 2017, the unlisted firm reportedly generated an annual revenue of $66.6 billion and housed more than 17,000 employees. Dollar bonds? It’s the FEDs problem then. This is HUGE! Welcome to Atlantis Report. Tianjin-based Tewoo Group Co is owned by the local government and operates in a number of industries, particularly as regards of infrastructure, logistics, mining, autos, and ports, as reported by its website. It also has footprints in countries, including the US, Germany, Japan, and Singapore. The trader ranked 132 in 2018's Fortune Global 500 list, higher than many other conglomerates, including service carrier China Telecommunications Corp and financial titan Citic Group Corp. It had an annual revenue of US$66.6 billion, profits of about US$122 million, assets worth US$38.3 billion, and more than 17,000 employees as of 2017, according to Fortune's website. Sixty-six billion in revenue but only 122 million in profits ; something is wrong. The loans are all US dollar loans, so it's America's problem. All companies in China are state owned. They get a 51% stake in everything. People are better off not working for the state and just growing their own food, and staying at home, let the government starve. Make them come and take 51% of your rice. The firm is neither listed on any stock exchange nor rated by the top three international rating companies. Tewoo Group's financial difficulties came to the fore in April when it sought debt extension from its lenders and sold copper below market rates amid a cash crunch. That month, Fitch Ratings slashed the company's credit score by six notches in one go to B- to reflect its weak liquidity and higher-than-expected leverage. Tewoo's likely default suggests that Beijing is finding it increasingly hard to bail out troubled SOEs, let alone private firms, after the worst economic slowdown in three decades. It also heightens issues over Tianjin, where it's based, following a series of rating downgrades and financing difficulties endured by some of the city's state-run firms. The metropolis near Beijing also has the topmost ratio of local government financing vehicle bonds to GDP in China. Investors anticipate high debt levels to limit the Tianjin authorities' capacity to lend support to the city's distressed firms, inducing them to reject the latter's debt.
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Does Economics Understand China?
In The Magic of Concepts Rebecca E. Karl interrogates "the economic" as concept and practice as it was construed historically in China in the 1930s and again in the 1980s and 1990s. Separated by the Chinese Revolution and Mao's socialist experiments, each era witnessed urgent discussions about how to think about economic concepts derived from capitalism in modern China. Both eras were highly cosmopolitan and each faced its own global crisis in economic and historical philosophy: in the 1930s, capitalism's failures suggested that socialism offered a plausible solution, while the abandonment of socialism five decades later provoked a rethinking of the relationship between history and the economic as social practice. Interweaving a critical historiography of modern China with the work of the Marxist-trained economist Wang Yanan, Karl shows how "magical concepts" based on dehistoricized Eurocentric and capitalist conceptions of historical activity that purport to exist outside lived experiences have erased much of the critical import of China's twentieth-century history. In this volume, Karl retrieves the economic to argue for a more nuanced and critical account of twentieth-century Chinese and global historical practice.
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The Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN.
The ASEAN Journey
On 8 August 1967, five leaders – the Foreign Ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand – sat down together in the main hall of the Department of Foreign Affairs building in Bangkok, Thailand and signed a document. By virtue of that document, the Association of Southeast Asian Nations (ASEAN) was born.
The five Foreign Ministers who signed it – Adam Malik of Indonesia, Narciso R. Ramos of the Philippines, Tun Abdul Razak of Malaysia, S. Rajaratnam of Singapore, and Thanat Khoman of Thailand – would subsequently be hailed as the Founding Fathers of probably the most successful inter-governmental organization in the developing world today. And the document that they signed would be known as the ASEAN Declaration.
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Japan's Stagnating Economy struggling with Debt Deflation and Depopulation
Japan's Stagnating Economy struggling with Debt Deflation and Depopulation
Japan is very rich in terms of its highly developed economy. The country is positioned as third in terms of nominal GDP and fourth in purchasing power parity (PPP). Japan has also occupied the third place in automobile and electronic manufacturing industries and is also listed under the major innovative countries of the world. In the recent era, the main challenges and competition for Japan are China and South Korea. But at 233 percent, Japan is known to have the highest ratio of debt to GDP among the world’s advanced economies. Japan obviously is known for being stuck in a liquidity trap (where monetary policy is no longer effective because it is a self-fulfilling prophecy), and Japan suffers from deflation or a negative inflation rate. The core CPI (includes fresh food prices only) appears to be quite volatile, and from what I have read, this was caused by a postponed hike of consumption tax, in which simply the cost would have been passed onto the consumer. The non-core CPI, however, looks like a disaster, but there aren’t any “major worries,” according to Kudora of the Bank of Japan, which is being held down by lower energy prices. Japan also suffers from a huge demographic problem. I mean, Japan is old! There are a million factors that go into economic growth in any given quarter, and those will come along and rise and fall and whatever, but Japan has an overwhelming factor that makes economic growth very difficult, and that’s the aging population. Japan has the highest life expectancy in the world (the average person lives to 84 there) and one of the lowest fertility rates (less than 1.5 children per couple). They were one of the first countries in the world to have a below-replacement fertility rate (first hitting that point in 1959). And their current fertility is actually an improvement. Fertility got as low as 1.3 a couple of decades back, As a result of all of this, a third of the population of Japan is over the age of 60. Adult diapers are now outselling baby diapers in the country, which has never happened in any country in history. That means that the working-age population is continually shrinking while having to care for an ever-increasing population of retirees. Japan tends to resist allowing more immigrants to bolster the workforce, so you have fewer and fewer workers trying to grow an economy with limited resources. There’s a number in demographics, known as the “dependency ratio,” which is the ratio between people of working age (15 to 65) to the people outside of that age range. That ratio obviously isn’t the sole factor in economic growth, but it’s a pretty robust predictor of whether a country is capable of it. And Japan’s ratio is terrible and only getting worse. Today, Japan faces a serious economic and demographic disaster. It is a sad reality for a genuinely gracious culture that has innovated a lot over the years. Welcome to The Atlantis Report. Why has Japan's economy not collapsed yet? Well, the answer is Strong export and strong offshore investment. Japan’s economy has been hampered with weak domestic demand. Demographic with people getting old is not good for expecting a generation of demand.
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We Are About To See The Most Violent Crash In History! - Harry Dent
We Are About To See The Most Violent Crash In History! - Harry Dent
We Are About To See The Most Violent Crash In History! - Harry Dent
Harry Dent warns investors about the coming stock market crash. He analyzes markets for months now, and believes the worst crash in nearer than most people think. Prepare Yourself!
Harry Dent is a financial newsletter writer, economist, best-selling author and one of the most outspoken financial editors in America. He's been warning investors for years about the stock market crash that will likely happen this year.
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The Great Battle for Bitcoin : China vs. USA
The Great Battle for Bitcoin : China vs. USA
The technology to likely have the most significant impact on the next few decades is here. It’s not social media or even artificial intelligence, it’s the underlying technologies in all cryptocurrencies such as Bitcoin, and it’s called Blockchain. Blockchain is the next generation of the internet as we know it. It’s a technology that has many applications and holds vast promise for every business, society, and the individual person watching this video . Available data indicate that China is leading the pack when it comes to blockchain technology innovations. As of November 2018, China was the country with the most blockchain projects, with the number standing at 263. Additional data from Blockdata reveals that the country accounts for 25% of all blockchain projects. Similarly, as of December last year, China had 615 registered blockchain firms. Half of these organizations are creating blockchain solutions for the financial sector. Apart from the number of projects and registered companies, China holds the leading position in terms of the number of blockchain patent applications. The closest competitor is the US, which has 28 patents short of China’s number. What is evident from this information is that the state of blockchain In China is advanced more than anywhere else in the world. The cryptocurrency was the primary tool for that. The average person, even in the west, is still not the most familiar with blockchain technology. This being said, I don’t think China pales in comparison to any other country. If anything, blockchain and bitcoin may be more popular in China. China has a significant problem with cash leaving the country by corrupt officials and business people. 80% of the mining power is located in China because electricity is so cheap. Additionally, one of the most popular cryptocurrencies right now, NEO, is based in China. I don’t think there is any shortage of popularity in China in blockchain technology. However, just like the average person of the west, I believe there is a lot more room for growth.
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The True History of Money And Central Banks
The True History of Money And Central Banks
We are approaching a critical turning point in the history of financial systems.
Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies. Opposing forces include, as usual, those of financial innovation, which include independent cryptocurrencies.
In the June issue of our Q-Review series, we will delve deep into the world of digital currencies and the future of monetary systems. To accompany our report, we intend to publish a series of blogs which examine the long history of monetary and financial systems.
Today we will start with a brief summary of the history of money.
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Too Much Money will End by too Many Tears !!
Too Much Money will End by too Many Tears !!
There were a number of inauspicious records set in 2020 and the impacts will continue to reverberate through the economy in the future.
The Federal Reserve created money at a record rate. It also increased its balance sheet to record levels. And not to be outdone, the US government set a budget deficit record.
These three records were actually linked. The money printing and expansion of the Fed balance sheet were necessary to monetize the massive federal debt. And there is no sign that anything will be different in 2021.
When confronted with the reality of the ever-expanding money supply and the skyrocketing debt, most people just shrug. But all of this money printing isn’t without consequences. As economist Pascal Hügli put it, the results are “perfidious.”
Although monetary policy had been ultra expansionary even well before the virus hit the world, central bankers are currently upping the ante once again. While it took the Federal Reserve almost six years to create 3.5 trillion in new US dollar liquidity, this time around it took only ten months to unleash a monetary tsunami of $3 trillion with the projection of at least another $1.8 trillion next year.
While these astronomical numbers don’t really speak to the general public anymore, another astonishing fact resonated with them: after March 2020 alone, the US banking system is reported to have increased the M1 money supply by 37 percent. What this means in plain words is that 37 percent of all outstanding dollars and dollar bank deposits that have ever existed have been created this year. If one bears in mind that monetary aggregates like M0, M1, and M2 today no longer give an accurate account of all the money in the system because they do not account for the shadow banking’s collateral multiplier, one can only guess that the actual extent of monetary expansion must be a lot greater.
Fiscal Policy as Disguised Monetary Policy.
The swaths of liquidity created by the world’s central banks are complemented by fiscal measures on the part of governments. Here, too, the US government is leading the way, having launched stimulus packages in the trillions, and other countries are also eagerly going into debt to counteract the recession. Because of all this borrowing, by the end of this year, global debt levels are expected to reach a new record of $277 trillion, according to an estimate by the Institute of International Finance. This would amount to a debt-to-GDP ratio of 365 percent.
In politics, it is currently debated whether monetary or fiscal policy should have precedence. This debate is just a mirage, though. Today fiscal policy in the form of government stimulus is monetary policy, after all. Government debt has become the most popular and most sought-after asset in monetary policy actions. Fiscal policy has thus mutated into monetary policy in disguise as newly created debt is increasingly taken in by central banks and siloed in their balance sheets. The inevitable consequence is that the quality of their balance sheets—and thus the quality of our money—is continuously deteriorating.
The Consequences of Too Much Money.
To have central banks conduct ever more expansionary monetary policy based entirely on debt is politicians’ go-to solution today, as it marks the path of least resistance. Creating ever more money is convenient because this way virtually any interest group can be financially sedated.
The obvious yet perfidious result of this: too much money is sloshing around looking for yields. Governments like Spain’s or Portugal’s, which are hardly known to be model boys when it comes to financial prudence as reliable debtors, are currently able to borrow money at zero cost. This seems to be completely nuts if one bears in mind that during the European debt crisis their high borrowing costs—in Portugal’s case up to 14 percent for its ten-year bond—forced the European Union to approve multibillion-euro bailout packages
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Globalization -- the Rise and Fall of an Idea That Swept The World
Globalization refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. The markets where globalization is particularly significant, include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, including demands for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics. The globalization of sport and entertainment is also a feature of the late 20th and early 21st centuries. Globalization means that the world is becoming interconnected by trade and culture exchange. in this video, we will look at the reasons for globalization and its positive and negative influences. Welcome to The Atlantis Report. So What is Economic Globalization, and what is Free Trade? Globalization is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalization has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries. Globalization has been taking place for hundreds of years but has sped up enormously over the last half-century.
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The Tsunami of Layoffs and Bankruptcies just Starting
The Tsunami of Layoffs and Bankruptcies just Starting
The U.S. economy was supposed to be turning a corner by now, but instead it looks like we are headed for an exceedingly painful winter. All over the country, big companies are laying off thousands of workers, and in some cases the numbers are even larger than that. As you will see in this article, Disney just announced that they will be laying off tens of thousands of workers, and the airline industry is warning that 100,000 workers could soon permanently lose their jobs if the federal government doesn’t bail them out. Meanwhile, we have been seeing businesses fail at a pace that is absolutely stunning. According to the Wall Street Journal, this year we are on pace to set new records for retail stores closings, retail bankruptcies, and retail liquidations…
Retail store closings in the U.S. reached a record in the first half of 2020 and the year is on pace for record bankruptcies and liquidations as the Covid-19 pandemic accelerates industry changes, particularly the shift to online shopping, according to a report on the downturn’s severity.
👉 For the full transcript go to https://financearmageddon.blogspot.com
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More Government Debt Means Less Economic Growth
More Government Debt Means Less Economic Growth
The US government continues to borrow money at a frenetic pace in order to cover its massive spending spree. It runs huge deficits month after month and there is more spending coming down the pike. The national debt is over $28 trillion and it is about to begin surging upward again. But with the exception of a few contrarians, most people don’t worry about the national debt. The conventional wisdom seems to be that since none of the doomsday predictions about skyrocketing debt haven’t come to pass, there’s nothing to worry about.
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