HILLARY CLINTON IS NOTHING MORE THAN A CLONE OF BARACK OBAMA, ONE OF THE MOST INCOMPETANT AND CORRUPT PRESIDENTS IN AMERICAN HISTORY.
LIKE THE OBOMB, HILLARY IS OUT THERE HISPANDERING FOR THE ILLEGALS' VOTES WITH PROMISES OF OBAMA'S AMNESTY, CONTINUED OPEN BORDERS, NO E-VERIFY AND NO LEGAL NEED APPLY.
"As long as the public is gullible enough to buy into this strategy, and even if they don’t, Hillary will continue to set up these sham topics. She has no choice. She was not only a failure as a Secretary of State but she seized upon her position in government to enable her husband to make tens of millions in speaker’s fees. Her emails prove her participation. "
"Hillary’s handling of emails as Secretary of State is a very serious issue. She violated many Title 18 provisions and committed many federal felonies. If not for the FOIA requests of Judicial Watch the voting public would not have seen any of her emails. She did everything possible to cover up her felonious behavior."
OBAMA'S CRONY BANKSTERS LOVE THEIR HILLS!!!
GET THE DIRTY LOW DOWN HERE:
Clinton Cash Scandal News
While the majority of the documents do not contain the fees that Clinton charged for his speaking services, those that are disclosed reveal that the former president routinely received six-figure honorariums for his advice to the international investment counseling firms and banking institutions, including:
- Barclays Capital Singapore – $325,000
- Needham Partners South Africa – $350,000
- Cumbre de Negocios (sponsored by Nacional Financiera and El Banco Fuerte de Mexico) – $275,000 and $125,000)
- NTRPLC (which describes itself as “developing a new investment portfolio of wind projects in Ireland and the UK”) – $125,000
Bernie Sanders is Hillary's Sham Opponent
This is very suspicious, since Democrats never admit to anything. Before both of her Presidential campaigns, for many months Hillary wouldn’t even admit she was running for President. For Bernie Sanders to admit at a debate venue on national TV that his campaign was engaged in unethical campaign practices is out of step with the Democrats’ characteristic of never admitting to mistakes.
Read more: http://www.americanthinker.com/articles/2015/12/bernie_sanders_is_hillarys_sham_opponent.html#ixzz3uysg8y00
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OBAMA-CLINTONOMICS: Serving their crony banksters and Wall Street paymasters!
“Sentiment is horrendous. It’s the worst since the financial crisis—and it’s getting worse every day.”
"The lack of confidence in the country’s growth prospects in the upper echelons of the financial and economic elites is exemplified by the flight of capital, with foreign exchange reserves recording their third-largest monthly fall in November."
"His decrees range from the idiotic to the grotesque -- his order to the EPA to shut down the coal industry, the repurposing of NASA as a Muslim PR effort, the post-legislative changes to ObamaCare (the most recent requiring full coverage for sex-change operations), and perhaps the most egregious, his gift of one and a half trillion dollars to his pals in the financial industry."
"Critics say the central bank's actions made Wall Street and the super-rich even fatter, fueling a stock market surge while leaving many ordinary workers no better off and widening the nation's wealth inequality."
"First, the supply of trillions of dollars of ultra-cheap money by the Fed and other central banks has done nothing either to resolve the crisis which erupted in 2008 or bring about a genuine economic recovery."
"Yellen seemed flustered and largely dodged the question. She could not provide a convincing answer because the collapse in oil and commodity prices and the persistence of ultralow inflation reflect the reality of economic slump and the failure of the Fed and the other major central banks to engineer a genuine recovery in the real economy, despite the funneling of trillions of dollars into the banking system.
"It has, however, subsidized a vast transfer of wealth from the bottom to the top, fuelling a tripling of stock prices, record corporate profits and CEO bonuses, and ever greater levels of social inequality. The vast sums handed to the banks and hedge funds have not, for the most part, been invested in production, but used instead to fund parasitic activities such as job-slashing corporate mergers, stock buybacks and dividend increases. To pay for the resulting bankrupting of state treasuries, governments around the world have imposed brutal austerity measures against the working class."
"Second, these policies have only created the conditions for another financial crisis, whose consequences are potentially even more devastating than those triggered by the sub-prime mortgage collapse. The deepening decline in the real economy and the mounting signs of financial distress demonstrate that the source of the global economic crisis is the capitalist system itself, which cannot be reformed, but must be overthrown and replaced by the international working class in the fight for socialism."
"The figures are remarkable. The share of the national wealth accruing to middle-income households, the study reported, was 43 percent in 2014, down from 62 percent in 1970. The median wealth of middle-income households has fallen by 28 percent over the past decade and a half. The share of income going to upper-income households has risen from 29 percent to 49 percent over the same period."
"This analysis was absolutely correct, and more than two-and-a-half decades of ever greater appropriation of the national wealth by the top fraction of the super-rich, under both the Bush and Obama administrations, have only imparted greater ferocity and bitterness to those "terrific tensions."
After Fed rate hike, global economic fault lines deepen
After Fed rate hike, global economic fault lines deepen
19 December 2015After an initial rise following the decision by the US Federal Reserve to lift interest rates by 0.25 percentage points on Wednesday, stock markets around the world have experienced significant declines over the past two days.
The biggest falls were in the United States, where the Dow was down by 368 points at the close of trade on Friday, a drop of more than 2 percent, while the more broadly based S&P 500 fell by 1.8 percent. The CBOE VIX index, which measures market volatility and is often referred to as the “fear gauge,” went over 20, a level regarded as indicating a high degree of market stress.
Markets also fell around the world after rising in the immediate aftermath of the Fed decision. The Euro Stoxx index dropped by 1.4 percent on Friday after rising earlier in the week. In Japan, the Nikkei index closed 1.9 percent lower.
Underlying the volatility on share markets are a series of widening fault lines in the global economy produced by the deepening trend toward stagnation and slump. The increased turbulence in financial markets is an expression of the fact that massive financial speculation, fuelled by the Fed and other central banks’ pumping of trillions of dollars into the banking system since the 2008 Wall Street crash, is being overwhelmed by developments in the real economy, particularly the decline in industrial production.
So far, this interaction has found its sharpest expression in the market for high-yield, or “junk,” corporate bonds, particularly in the energy sector, because of the sharp fall in oil and other energy prices, coupled with the decline in basic industrial commodity prices to their lowest levels since the global financial crisis.
This week, the price of Brent crude oil hit a seven-year low of $36.33 per barrel, further heightening problems in the energy junk bond market, where money poured in to finance risky ventures when the price of oil was trading at around $100 per barrel less than two years ago.
But the turbulence is not confined to energy-related finance. According Lipper, a Thomson Reuters company that supplies information to financial markets, investors withdrew $5.1 billion from US mutual funds that purchase bonds rated as investment grade by credit-rating agencies—the largest such withdrawal since 1992. This was accompanied by a further withdrawal of $3 billion from junk bond funds. In the week to December 16, it is estimated that $15.4 billion was withdrawn from taxable bond funds.
In a report on the state of financial markets issued this week, the Office of Financial Research (OFR), set up by the US Treasury after the 2008 crisis, painted a picture of, in the words of Financial Times economic commentator Gill Tett, a “distinctly distorted American financial system” resulting from seven years of ultra-low interest rates.
The OFR said that “credit risk in the US non-financial business sector is elevated and rising.” It went on to warn that “higher base rates may create refinancing risks… and potentially precipitate a broader default cycle.”
In other words, a situation has been created where a default or a series of defaults in high risk areas could set off a chain reaction in the system as a whole, recalling the effects of the sub-prime mortgage collapse. When that crisis emerged in 2006 and 2007, then-Fed Chairman Ben Bernanke brushed it off as a relatively small problem that could be easily contained.
The worsening financial situation is compounded by the divergence in the policies of the world’s major central banks. While the Fed has moved towards tightening, although at a very gradual pace, the European Central Bank and the Bank of Japan are continuing with various forms of “quantitative easing” aimed at pumping more money into the financial system.
BLOG: HERE COME THE NEXT ROUND OF CRONY BANKSTER BAILOUTS!
In the midst of growing financial turbulence, however, the official mantra is that the US is in the midst of an expanding economic recovery and is considered to be a “bright spot” in the world economy.
This soothing scenario is belied by both longer-term developments and the immediate situation. Since the US economy started growing in the June quarter of 2009, its gross domestic product has increased by only 2.2 percent per year, the lowest pace for any post-recession phase in post-World War II history. As a result, it took five years for the US economy just to make up for the loss of employment and economic output sustained as a result of the financial crisis.
Now figures from the industrial sector point to another downturn. US industrial production last month was down by a seasonally adjusted 0.6 percent from October, the biggest drop since March 2012 and the third straight month it has fallen. Manufacturing output, which comprises three quarters of industrial production, was flat. Mining output was down 1.1 percent for the month and is now 8.2 percent below the level of a year ago.
According to a report published in the Financial Times on Tuesday, a common theme of major companies supplying industry, such as Caterpillar and Deer & Co, is that “tough times are back,” with some even pointing to “the arrival of an industrial recession.”
The stagnation in US industry is part of an emerging global trend. Data on industrial employment in China—the world’s major manufacturing centre—shows that aggregate employment in manufacturing fell by 1.9 percent in the year ending in October. In the third quarter, employment growth in the sector was at its lowest rate on a quarterly basis since 2000. The biggest declines are in heavy industry, with iron ore mining and processing employment down by 12 percent, coal mining down 7 percent, and steel employment down 6 percent.
The slowdown in China is impacting on so-called emerging markets more generally. Of 22 big emerging markets tracked by JPMorgan Chase, 21 have had their growth forecasts for 2016 downgraded. Brazil, which is highly dependent on the Chinese economy, is the sharpest expression of this trend. Its economy is contracting by 4.5 percent according to the latest data. Brazil’s worsening situation was highlighted this week when Fitch became the second of the major credit rating agencies to downgrade the country’s debt to junk status.
The World Bank has warned of “the beginning of an era of weak growth for emerging markets.” This will have a significant impact, as these economies account for almost 40 percent of global output. They could also be hit by significant financial turbulence, with the International Monetary Fund warning that they have incurred $3 trillion more in debt than is warranted by commodity prices and global demand.
Two inescapable conclusions flow from the latest economic data and the growing turbulence in financial markets.
First, the supply of trillions of dollars of ultra-cheap money by the Fed and other central banks has done nothing either to resolve the crisis which erupted in 2008 or bring about a genuine economic recovery.
It has, however, subsidized a vast transfer of wealth from the bottom to the top, fuelling a tripling of stock prices, record corporate profits and CEO bonuses, and ever greater levels of social inequality. The vast sums handed to the banks and hedge funds have not, for the most part, been invested in production, but used instead to fund parasitic activities such as job-slashing corporate mergers, stock buybacks and dividend increases. To pay for the resulting bankrupting of state treasuries, governments around the world have imposed brutal austerity measures against the working class.
Second, these policies have only created the conditions for another financial crisis, whose consequences are potentially even more devastating than those triggered by the sub-prime mortgage collapse. The deepening decline in the real economy and the mounting signs of financial distress demonstrate that the source of the global economic crisis is the capitalist system itself, which cannot be reformed, but must be overthrown and replaced by the international working class in the fight for socialism.