Menu



error This forum is not active, and new posts may not be made in it.
PromoteFacebookTwitter!
Luis Miguel Goitizolo

1162
61587 Posts
61587
Invite Me as a Friend
Top 25 Poster
Person Of The Week
RE: ARE WE NOW IN THE END TIMES?
5/18/2016 2:41:06 PM

U.S. debt dump deepens in 2016

@CNNMoneyMay 17, 2016: 8:35 AM ET


Central banks are dumping America's debt at a record pace.

China, Russia and Brazil sold off U.S. Treasury bonds as they tried to soften the blow of the global economic slowdown. They each sold off at least $1 billion in U.S. Treasury bonds in March.

In all, central banks sold a net $17 billion. Sales had hit a record $57 billion in January.

So far this year, the global bank debt dump has reached $123 billion.

It's the fastest pace for a U.S. debt selloff by global central banks since at least 1978, according to Treasury Department data published Monday afternoon.

Related: Saudi Arabia owns $117 billion in U.S. debt

Treasuries are considered one of the safest assets in the world, but some experts say a sense of panic about the global economy drove the selloff.

"It's more of global fear than anything," says Ihab Salib, head of international fixed income at Federated Investors. "There's still this fear of 'everything is going to fall apart.'"

Judging by the selloff, policymakers across the globe were hitting the panic button often and early in the year as oil prices fell, concerns about China's economy rose and stock markets were very volatile.

In response, countries may be selling Treasuries to prop up their currencies, some of which lost lots of value against the dollar last year. By selling U.S. debt, central banks can get hard cash to buy up their local currency and prevent it from losing too much value.

Also, as investors have pulled money out of developing countries, central bankers seek to replenish those lost funds by selling their foreign reserves.

Related: China posts worst economic growth in 7 years

The leader in the selloff: China.

"We've seen Chinese central bank foreign reserves fall dramatically," says Gus Faucher, senior economist at PNC Financial. "Their currency is under pressure."

Between December and February, China's central bank sold off an alarming $236 billion to help support its currency, which China is slowly letting become more controlled by markets and less by the government. In March, China sold $3.5 billion in U.S. Treasury bonds, Treasury data shows.

Experts say the sell off may be slowing down now that global concerns have eased.

If anything, demand is still high for U.S. Treasury bonds -- it's just coming from private investors. The yield on a typical 10-year bond is just 1.76%, which is very low.

"While central banks may be selling Treasuries to support their currencies, investors seek the safety of Treasuries at the same time," says Jeff Kleintop, chief global investment strategist at Charles Schwab.

--Sophia Yan contributed to this article

"Choose a job you love and you will not have to work a day in your life" (Confucius)

+2
Luis Miguel Goitizolo

1162
61587 Posts
61587
Invite Me as a Friend
Top 25 Poster
Person Of The Week
RE: ARE WE NOW IN THE END TIMES?
5/18/2016 2:51:02 PM
Going for Gold: Russia, China Ditch Billions of Dollars for Prized Bullion

© Sputnik/ Oleg Lastochkin

Global gold demand in the first quarter of 2016 was 21 percent higher compared to 2015, as Russia and China continued to accumulate significant quantities of the precious metal, the World Gold Council reported.

Global demand for gold in the first quarter of 2016 was 1,290 tons, the highest ever for a first quarter, as investors sought a safe haven due to the economic fragility and uncertainty raised by negative interest rates, the World Gold Council reported on Thursday.

The price of the malleable metal has risen 19 per cent since the beginning of this year to $1,275 per troy ounce.

"Looking ahead, we anticipate that ongoing market uncertainty and unconventional monetary policies will continue to support both investment and central bank demand. This, combined with an expected recovery in India, should see gold demand remain healthy over the course of 2016," stated Alistair Hewitt, Head of Market Intelligence at the World Gold Council.

The organization also reported that China and Russia, the two largest purchasers of gold last year, continue to accumulate significant quantities.

Between January and March China purchased 35.1 tons, adding to the 103.9 tons bought in the second half of 2015.

Russia increased its gold reserves by 45.8 tons in the first quarter, 52 percent higher than the same period in 2015, when it bought 30.1 tons. Over the course of 2015, Russia's central bank added more than 200 tons of gold to its reserves.

Dimitry Lukashov, an analyst for IFC Markets, told the newspaper Vzglyad that central banks are seeking to diversify away from the US dollar, and also want to hedge their investment against currency volatility more generally.

Buying US Treasuries or other sovereign debt from Western countries has also become a less attractive option for central banks because of their low yields; the yield on ten-year US Treasury bonds is currently 1.76 percent.

"Under these circumstances, increasing currency reserves by investing in precious metals looks absolutely sensible."

"Gold's cost of production has been rising steadily in recent years and is unlikely to fall much in the future. From a geological point of view, our planet's gold deposits are quite well researched and there are no expectations of the opening up of any large new mines that would be cheap to extract," Lukashov said.


Read more: http://sputniknews.com/world/20160517/1039744077/russia-china-buy-gold.html#ixzz491EDtkGF


"Choose a job you love and you will not have to work a day in your life" (Confucius)

+2
Luis Miguel Goitizolo

1162
61587 Posts
61587
Invite Me as a Friend
Top 25 Poster
Person Of The Week
RE: ARE WE NOW IN THE END TIMES?
5/18/2016 3:04:08 PM

Three out of every 10 gay or bisexual men in several cities in the U.S. south have been diagnosed with the AIDS virus, twice the national rate, according to a study about how common HIV infections are in metro areas


FILE - In this Monday, Dec. 1, 2014 file photo, a viewer casts a shadow while looking over some 800 AIDS memorial quilt panels on display as part of World AIDS Day at Emory University in Atlanta. A study by the university released on Tuesday, May 17, 2016 offers a new look at how common HIV is in different metro areas of the U.S. Southern metropolises top the list with HIV diagnosed in about 4 in 10 gay and bisexual men in Jackson, Mississippi, and 3 in 10 in El Paso, Texas; Augusta, Georgia; and Baton Rouge, Louisiana. (AP Photo/David Goldman)

Associated Press


By MIKE STOBBE, AP Medical Writer

NEW YORK (AP) — Three out of every 10 gay or bisexual men in several cities in the U.S. South have been diagnosed with the AIDS virus, three times the national rate, according to a study about how common HIV infections are in metro areas.

The study echoes other research that reported higher rates of HIV diagnoses in the South, in urban areas, and in gay and bisexual men, but it is the first to look at how common HIV diagnoses are in these men by city.

"For the first time, we can see not only the numbers, but the proportions," said Dr. Jonathan Mermin of the U.S. Centers for Disease Control and Prevention.

The report found 21 of the 25 metro areas with the highest levels of HIV diagnosis in gay and bisexual men were in the South. HIV was diagnosed in about 3 in 10 gay and bisexual men in El Paso, Texas; Augusta, Georgia; and Baton Rouge, Louisiana. In Jackson, Mississippi, the rate was 4 in 10, the highest in the nation.

According to the report, about 11 percent of gay and bisexual men had been diagnosed living with an HIV infection nationwide during the time covered by the study.

Emory University researchers produced the new numbers using national counts of HIV diagnoses in different communities. Lacking good census counts of sexually active gay and bisexual men, they used data from previous studies to calculate how many men had sex with other men.

In its look at metro areas, the study counts only those who have tested positive for HIV. Because many HIV cases are not diagnosed, those numbers don't reflect how common HIV infections really are in each area. It's also not clear what factors may vary from city to city that might explain differing rates.

Still, while the largest total numbers of gay and bisexual cases are in large cities like New York and Los Angeles, this research gives a better understanding that the chance of encountering an infected gay or bisexual man is far greater in some smaller communities, some experts said.

The research was released Tuesday through an obscure publication, the Journal of Medical Internet Research. CDC officials described the work as important and useful in deciding how to target HIV prevention funds.

___

Online:

The study: http://publichealth.jmir.org/2016/1/e22/

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

+3
RE: ARE WE NOW IN THE END TIMES?
5/18/2016 4:15:53 PM
The forces of DARKNESS is LIMITED to the dark ... those in the LIGHT are
SUPER SAFE ~Amen
Jan aka Jaz



Quote:
Hi Luis,

Very interesting. Matthew 24 has a lot of that I don't understand, because I know it is like a code. There is something there, it is just how do you figure it out. I need to read it all again. I did however, get hit with this statement: The forces of darkness can gain power in the world only because they have already gained power in the soul. How true that statement is, and the more you think about it,the more you know, that you know, how much truth is there. We allow things to happen to us.

You have posted a lot to think about, thank you.

Hugs,
Myrna


+1
Luis Miguel Goitizolo

1162
61587 Posts
61587
Invite Me as a Friend
Top 25 Poster
Person Of The Week
RE: ARE WE NOW IN THE END TIMES?
5/18/2016 4:43:36 PM

Putin Is Being Pushed to Abandon His Conciliatory Approach to the West and Prepare for War

05/17/2016 01:07 pm ET | Updated 22 hours ago

Alastair Crooke
Fmr. MI-6 agent; Author, ‘Resistance: The
Essence of Islamic Revolution’

RIA NOVOSTI / REUTERS

BEIRUT — Something significant happened in the last few days of April, but it seems the only person who noticed was Stephen Cohen, a professor emeritus of Russian studies at New York University and Princeton University.

In a recorded interview, Cohen notes that a section of the Russian leadership is showing signs of restlessness, focused on President Vladimir Putin’s leadership. We are not talking of street protesters. We are not talking coups against Putin — his popularity remains above 80 percent and he is not about to be displaced. But we are talking about serious pressure being applied to the president to come down from the high wire along which he has warily trod until now.

Putin carries, at one end of his balancing pole, the various elites more oriented toward the West and the “Washington Consensus“ and, at the pole’s other end, those concerned that Russia faces both a real military threat from the North Atlantic Treaty Organization and a hybrid geo-financial war as well. He is being pressed to come down on the side of the latter, and to pry the grip of the former from the levers of economic power that they still tightly hold.

putin military

Putin meets Russia’s top military brass in the Kremlin on April 21. (Mikhail Klimentyev/Sputnik, Kremlin Pool Photo via AP)

In short, the issue coming to a head in the Kremlin is whether Russia is sufficiently prepared for further Western efforts to ensure it does not impede or rival American hegemony. Can Russia sustain a geo-financial assault, if one were to be launched? And is such a threat real or mere Western posturing for other ends?

What is so important is that if these events are misread in the West, which is already primed to see any Russian defensive act as offensive and aggressive, the ground will already have been laid for escalation. We already had the first war to push back against NATO in Georgia. The second pushback war is ongoing in Ukraine. What might be the consequences to a third?

Putin is being pushed to wield the knife — and to cut deeply.

In mid-April, General Alexander Bastrykin, the head of Russia’s Investigative Committee (a sort of super attorney general, as Cohen describes it), wrote that Russia — its role in Syria notwithstanding — is militarily ill prepared to face a new war either at home or abroad, and that the economy is in a bad way, too. Russia, furthermore, is equally ill prepared to withstand a geo-financial war. He goes on to say that the West is preparing for war against Russia and that Russia’s leadership does not appear to be aware of or alert to the danger the country faces.

Bastrykin does not say that Putin is to blame, though the context makes it clear that this is what he means. But a few days later, Cohen explains, the article sparked further discussion from those who both endorse Bastrykin and do precisely mention Putin by name. Then, Cohen notes, a retired Russian general entered the fray to confirm that the West is indeed preparing for war — he pointed to NATO deployments in the Baltics, the Black Sea and Poland, among other places — and underlines again the unpreparedness of the Russian military to face this threat. “This is a heavy indictment of Putin,” Cohen says of the revelations from this analysis. “It is now out in the open.”

Souvenir plates depicting Syria’s President Bashar al-Assad and Putin in Damascus on Feb. 8. (REUTERS/Omar Sanadiki)

What is this all about? For some time there have been indications that a key faction within the Kremlin, one that very loosely might be termed “nationalist,” has become deeply disenchanted with Putin’s toleration of the Washington Consensus and its adherents at the Russian central bank and in other pivotal economic posts. The nationalists want them purged, along with Prime Minister Dmitry Medvedev’s perceived Western-friendly government. Putin may be highly popular, but Medvedev’s government is not. The government’s economic policy is being criticized. The opposing faction wants to see an immediate mobilization of the military and the economy for war, conventional or hybrid. This is not about wanting Putin ousted; it is about pushing him to wield the knife — and to cut deeply.

What does this faction want apart from Russia preparing for war? They want a harder line in Ukraine and for Putin to reject U.S. Secretary of State John Kerry’s snares in Syria. In short, Kerry is still trying to force Assad’s removal and continues to push for further U.S. support for the opposition. The American government isreluctant as well to disentangle “moderates” from jihadis. The view is that America is insincere in trying to cooperate with Russia on a settlement and more intent on entrapping Putin in Syria. Perhaps this is right, as Gareth Porter and Elijah Magnierhave outlined.

The Obama administration is acting to weaken Putin and Lavrov’s hand, and therefore strengthening the hand of those in Russia calling for a full mobilization for war.

What this means at a more fundamental level is that Putin is being asked to side with the nationalists against the internationalists aligned with the Washington Consensus, and to purge them from power. Recall, however, that Putin came to power precisely to temper this polarity within Russian society by rising above it — to heal and rebuild a diverse society recovering from deep divisions and crises. He is being asked to renounce that for which he stands because, he is being told, Russia is being threatened by a West that is preparing for war.

The prospect of the seeming inevitability of future conflict is hardly new to Putin, who has spoken often on this theme. He has, however, chosen to react by placing the emphasis on gaining time for Russia to strengthen itself and trying to corner the West into some sort of cooperation or partnership on a political settlement in Syria, for example, which might have deflected the war dynamic into a more positive course. Putin has, at the same time, skillfully steered Europeans away from NATO escalation.

kerry russia

Kerry and Sergey Lavrov in Moscow on March 24. (AP Photo/Andrew Harnik, Pool)

But in both of these objectives the Obama administration is acting to weaken Putin and Lavrov’s hand, and therefore strengthening the hand of those in Russia calling for a full mobilization for war. It is not coincidental that Bastrykin’s alarm-raising article came now, as the Syria ceasefire is being deliberately infringed and broken. Is this properly understood in the White House? If so, must we conclude that escalation against Russia is desired? As Cohen notes, “the Washington Post [in its editorial pages] tells us regularly that never, never, never ... under any circumstances, can the criminal Putin be a strategic partner of the United States.”

Is the die then cast? Is Putin bound to fail? Is conflict inevitable? Ostensibly, it may seem so. The stage is certainly being set. I have written before on, “the pivot already under way from within the U.S. defense and intelligence arms of Obama’s own administration” toward what is often referred to as the “Wolfowitz doctrine,” a set of policies developed by the U.S. in the 1990s and early 2000s. The author of one of those policies, the 1992 U.S. Defense Planning Guidance, wrote that the DPG in essence sought to:

... preclude the emergence of bipolarity, another global rivalry like the Cold War, or multipolarity, a world of many great powers, as existed before the two world wars. To do so, the key was to prevent a hostile power from dominating a ‘critical region,’ defined as having the resources, industrial capabilities and population that, if controlled by a hostile power, would pose a global challenge.

In an interview with Vox, U.S. Secretary of Defense Ashton Carter was clear that this was broadly the bearing by which the Pentagon was being directed to sail. Then again, there is the rather obvious fact that, instead of the much-touted U.S. military pivot ostensibly being to Asia, the actual NATO pivot is being directed to Central Europe — to Russia’s borders. And NATO is plainly pushing the envelope as hard as it dares, up and against Russia’s borders.

Then there is the rhetoric: Russian aggression. Russian ambitions to recover the former Soviet Empire. Russian attempts to divide and destroy Europe. And so on.

Is conflict inevitable?

Why? It may be that NATO simply presumes these envelope-pushing exercises will never actually come to war, that Russia somehow will back off. And that continuously poking the bear will serve America’s interest in keeping Europe together and NATO cohesive, its sanctions in place, divided from Russia. NATO is due to meet in Warsaw in early July. Perhaps, then, the Western language about Russia’s “aggression” is little more than America heading off any European revolt on sanctions by stirring up a pseudo-threat from Russia and that the Russians are misreading American true intentions, which do not go beyond this. Or do they?

The extraordinary bitterness and emotional outrage with which the American establishment has reacted to Donald Trump’s probable nomination as a presidential candidate suggests that the U.S. establishment is far from having given up on the Wolfowitz doctrine. So has Putin’s strategy of co-opting America in the Middle East been the failure that the Bastrykin faction implies? In other words, is it the case that the policy of gaining cooperation has failed and that Putin must now move beyond it, because America is not about to cooperate and is, instead, continuing the process of cornering Russia?

Russian army officers train Syrian army soldiers in Palmyra on May 5. (VASILY MAXIMOV/AFP/Getty Images)

As the Texas Tribune reported on May 4, “For the first time since his own presidency, George H.W. Bush is planning to stay silent in the race for the Oval Office — and the younger former president Bush plans to stay silent as well.”

To get a sense of the war within the Republican Party (and the Democrats are no less conflicted), read this reaction to that story by the two-time Republican presidential candidate Pat Buchanan. Here’s a small selection:

Trump’s triumph is a sweeping repudiation of Bush Republicanism by the same party that nominated them [the Bush’s] four times for the presidency. Not only was son and brother, Jeb, humiliated and chased out of the race early, but Trump won his nomination by denouncing as rotten to the core the primary fruits of signature Bush policies ... That is a savage indictment of the Bush legacy. And a Republican electorate, in the largest turnout in primary history, nodded, ‘Amen to that, brother!’

Buchanan continues in another piece: “The hubris here astonishes. A Republican establishment that has been beaten as badly as Carthage in the Third Punic War is now making demands on Scipio Africanus and the victorious Romans” — a reference to Paul Ryan’s attempts to make Trump adhere to Bush Republicanism. “This is difficult to absorb.”

But here, in this crisis, is an opportunity. America could be heading into recession, corporate profits are falling, huge swaths of debt are looking suspect, global trade is sinking and U.S. policy tools for controlling the global financial system have lost their credibility. And there are no easy solutions to the global overhang of increasingly putrid debt.

Trump can simply say that American — and European — national security interests pass directly through Russia, which they clearly do.

But a President Trump — were that to happen — can lay blame for any perfect economic storm on the establishment. America is all knotted up at present, as the presidential nomination melee made clear. Some knots will take time to undo, but some could be undone relatively easily, and it seems that Trump has some sense of this. It could start with a dramatic diplomatic initiative.

Historically, most radical projects of reform have started in this way: overturn a piece of conventional wisdom and unlock the entire policy gridlock — the momentum gained will allow a reformer to steamroll even the hardest resistance — in this case, Wall Street and the financial oligarchy — into making reforms.

trump putin

A mural in Vilnius, Lithuania, depicting Trump and Putin on May 13. (PETRAS MALUKAS/AFP/Getty Images)

Trump can simply say that American — and European — national security interests pass directly through Russia — which they clearly do — that Russia does not threaten America — which it clearly does not — and that NATO is, in any case, “obsolete,” as he has said. It makes perfect sense to join with Russia and its allies to surround and destroy the so-called Islamic State.

If one listens carefully, Trump seems halfway there. It would cut a lot of knots, maybe even untie the policy gridlock. Perhaps that is what he intends?

(huffingtonpost.com)

"Choose a job you love and you will not have to work a day in your life" (Confucius)

+1