JPM, Hong Kong Monetary Authority, December 2011
"it does not last for ever" (037)
us E3ri tsk\ n
I
I
Netherl
J
Sp sn n
1-400
1750
2100
Az elmult felezer ev soran a vilagtortenelemben eloszor tett kiserletet a vilag egyik civilizacioja, a Nyugat, ana, hogy a sajat letertelmezesi elveit, es arra epiilo gyakorlatat a vilagra kenyszeritve, univerzalis civilizaciot hozzon letre. Bar a kiserlet latszolag sikeres, am a tektonikai melysegu fesziiltsegek egyre nyilvanvalobba teszik: ez egy vegzetes optikai csalodas. Reszben azert, mert az emberi vilagot nem lehet egyseges univerzalis civilizaciova szervezni, masreszt pecug a nyugatias letszervezodesi elvek onmagukban is a semmibe vezetnek A Nyugat azonban nem volt kepes egyseges vilagbirodalomkent fellepni a vilag egeszevel szemben, hanem evszazadonkent egy nyugati nemzetallam latta el a vilagbirodalmi funkciokat. Hatszaz ev alatt hat birodalom emelkedett fei es hullott ala
De lei lesz a hetedik birodalom, lesz-e egyaltalan?
According to the IMF, 6l% of allocated foreign exchange reserve holdings are claimed in US , a value equaling $11.9 trillion. The yen dollars and pound each have about a 4% share. The Australian and Canadian dollars both represent less than 2% of global holdings, and the euro’s share is about 24.5%, down from a record 28% in 2009. In a Central Banldng publication released on June 23rd, the euro lost 1% compared to a year earlier according to the 62% of banks surveyed.
A vilag devizatartalekanak penznemenkenti megoszlasa (201 6. utolso negyedev, %) egyeb
m
frank •••
juan
ausztral dollar
kanadai dollar jen
font euro dollar 0%
Forras: IMF, Portfolio
10%
20%
30%
40%
50%
60%
70%
1967-74 •1967-ben De Gaulle hat-hetezer tonna aranyat kerne •1968-banazonbanegy pusztito polgarhaborutkap
•••
••••
1969-ben keptelen kezelni a valsagot, ezert lemond
••••
•1970 novembereben pedig
tavozik az elok sorabol •••• 1971-ben aztan Nixon elnok felfuggeszti a dollar aranyra valo 35 dollaros fix arfolyamon valo atvaltasat •• •1972-ben titkos egyezseg az USA es Szaud Arabia kozott arrol, hogy koolajat csak dollarert lehet eladni.. 1973-ban a koolaj ara hatszorosara emelkedik, es ez atszivja Europabol a gigantikus dollartomeget USA-ba
•
Most: Traded Currencies By Value (2016) 87.696
United States Dollar
31.396
Euro
]
21.696
Japanese Yen
12.896
British pound
6.996
Australian Dollar
1*1 Canadian Dollar
S.196
C 3 Swiss Franc
Chinese Yuan
2.296 Mexican Peso |
j
Swedish Krona
2.296
2.196 |
New Zealand Dollar Singapore Dollar Hong Kong Dollar
:IZ
!
1.896
|1.796
| 1.796 South Korean Won|1.696 Norwegian Krone
Turkish Lira
1.496
Indian Rupee
| 1.196
Russian Ruble
1.196
Brazilian Real |1.096
ยงZZ South African Rand
1.096 096
1096
2096
3096
4096
S096
6096
7096
8096
96 Daily Share Source: Bank for international Settlements (BIS)
โ ขThe total sum is 20096 because each currency trade always involves a currency pair.
9096 10096
Mexican violence. American drugs
The
Sharia in the West
Economist
Rethinking Stalin and Hitler The public-sector pensions scandal
m uvÂť
How light at night might make you fat
1M MlÂŤ
r W
L
4
B r
. y-
r*
,
w
v
1
Phoenix \ standing on Burning Money
2018
on coin
/ -W
-
INSIDE THIS WEEK: A SPECIAL REPORT ON HONG KONG Britain's n
The
prime minister
The EU summit's rotten outcome
Eco no m1st
Crackdown in Iran The drugs industry goes niche The Pope ora Jesus
Still S' &ÿ$:>'
m
.
7 •
v
J:
c-.
•a
de meddig?
L:
._ ’
:
—
•
y
i i
r f
A
* r
L
>
#
Birodalmi agonia •Amerika kettos szerkezetu, van egy nemzetallam Amerika terben egy birodalmi Amerika. Am koltsegvetes csak egy van, a nemzetallam Amerikae, es ebben kell bele szoritani a birodalom kiadasait is. A birodalom harom fo pillerje a globalis penzhatalom, a planetaris katonai ero, es az „amerikai alom” mitologiajara epiild globalis mediarendszer. A hanyatlo birodalom azonban a hetvenes evek ota egyre inkabb sorsara hagyja e „kirakat” Amerika foszereplojet az addig irigyelt kdzeposztalyt, ami most polgarhaborus helyzet fele sodorja a nemzetallam Amerikat. Donald Trump elndksege ezt a helyzetet jeleniti meg. Make America Great Again es felette a szimbolikus
/
-
L •
/j
V|\'
[IT
)
,
1
Skÿ:
/
\ /
V\
iVr.
£ÿ 7 ;
=x™|
—
__
m
VI
V-ÿc
L-
c-
y
—
/
v /
>7f
V.x SiO
\
%
y
&?.
*1
rv J/
«
«.**•
:\s&&&WKMC
2S£\ *7
k
JiilUul
lki
v.
£
»-» yv» co*n
;ÿ»•
"I v Vy
\
<\
V
'%
\
*
III A /
t
tlv,
»
,1
//
i jj
Wk
V/ /
/I
V
AVlVY
/
r<
\
yta.
*v
i C7
WA
V/J
\
VA
>x
»i
SlftS:
7 t
VJw,
CfcN
Si
'i
•> .vfl
MCJ3U
v
p
>' \
L
m
i-Zu /
ch< lWinmi Hernia
X*i
,o
I
Si, *
.
N‘f\
/
/
/A
a if?
The Empire's propaganda machine â&#x20AC;˘Trump
can already be credited with an immense
achievement: his campaign has forced the US corporate media to show its true face - the face of an evil, morally propaganda lying? corrupt machine. The American people by their vote have rewarded their media with a gigantic â&#x20AC;&#x153;f*ckyou!â&#x20AC;? - a vote of no-confidence and total rejection which will forever demolish the credibility
of the Empire s propaganda machine.
The founding myths of the US Empire are crashing down Likewise, the election of Trump has already proved that the US media is a prostitute and that the majority of the American people hate their ruling class. Again, this is a direct blow to the credibility and legitimacy of the entire The founding socio-political order.
myths of the US Empire are crashing down and what remains is a system
which can only rule by force.
r tph
Picking win
rt gla
rging markets
P
<
; HR
m 0 k.
•
*
* \ V
*
•
Increase in market value since 2016 US presidential election Nov. 8, 2016-Feb. 14, 2017 Bank of America JP Morgan Wells Fargo Citigroup
Goldman Sachs Morgan Stanley
$72 bn
70 62 28 27
21
I
«P
L
I
w
'
4V\V
'••it
;l!
iM
M 1
si
V
2 ,'>> 3 itijj
?S s
oit , >
®fI*i
.
iA
//l >*/ji
P
I
I
f
•
% feu >0o
OK 0
H
I
i
I
y
i
1
§
•
i
1i
. •f i
I
•
•l! i
l
4
•
I i
W
® MI
•
*• k
i
w\
r
1
«
I
il •••
il
* •I • •
I
lI
I
• I
Ii
i
LI I
••
I.* i•i I
i
I.1!
•I
*
m
ii
a
j*1 1 1
Jm
•
r».i
%
•
i i
I
| I
•
1U
RIB 4 H\ \%l? ••
%
.dm •• i
•Vi7,t>a
If you want to understand the Trump phenomenon, dig up the much more detailed county map. Here's how the nation voted county by county in the 2012 election , red is Republican. Blue islands in an ocean of red. The cities are less than 4 percent of the land mass, but 62 percent of the population and easily 99 percent of the popular culture. Our movies, shows, songs, and news all radiate out from those blue islands.
And if you live in the red, that fucking sucks.
i
L.
> t 1
Âť
**
The ever-widening wage gap The chart below shows the growing change since 1973 to wages among men at the top and middle of the earnings distribution. 50th percentile
95th percentile
Upper caste of technocrats, professionals, state Nomenklatura
51.4%
50 40
30 20
10
0.0%
0
â&#x20AC;&#x201D;
1973 Source: Economic Policy Institute
THE WASHINGTON POST
-4.6% 2015 everyone else
U.S Productivity and Real Hourly Compensation, 1948-2013 300% 243.1%
250% 200% Productivity 150% 108.9%
100%
50% 0% 1948
Hourly compensation
1956
1964
1972
1980
1988
1996
2004
2012
\
\
E
fcj ’5
ao*!?
*
V
r
*
i>, ft 77?ÿ-
:\
•'« Y 1 II
1917
Percentage of total net household wealth Selected years, held by: 0
20
-
top 0.1 - 1.0
top 0.1
50
40
bottom 90.0
top 1.0 10.0
60
80
100
I
1917: In the 1910s Americans worried that the massive wealth of the very rich was undermining economic opportunity. The government passed progressive income and estate taxes to address the problem 1913-2012, held by:
40
bottom 90.0 30 20 top 0.1
10
17 T
T
T
T
1910
20
30
40
T
50
60
70
T
T
80
90
0
T
2000
12
>
<
D
i UJ
0
Z
CMS
0)2 O
<
j=MJ
J5(J
c
°S“ D
ID
=gE </>
Oo
immiiiiiiiiiimimii
iiiiiiiiiiiiiiiiiiiiiiiiiii *•«
iiiiii 11 11 1 11 11 1 11 1iiiniiii
...... 1
-m*
§
o
•-*
o
iD
(0
O
1S
aasaa s
mminimiiiiimi
mmmimiiiimiii
iititiii minII mimmimm
IIIIIIIIII
mu mi 1 1 1 11 1 1 1 1 ; i n 1 1 m 1 1
IIIIIMIUIIIIIIIIII iiiiiitiiiiiiiiiuii
lilt
1 1 11II 11 11 II lllllllllllllllll lllltllll lllllllllllllllll
niniiiiitiiiiiHPI
... .... ..... I1IIIIIIIIIIIIIIIIII
••=
lllllllllllllllllll «K mimmmmiii lllllllllllllllllll «K lllllllllllllllllll llllllllllllll ii min iitiiiiiiiiiu
immmmm
llllllllllllllll
in
in
££
........ . .
lllllllll lllllllll
2* •««=
CM
O
.....1 lllllllll lllllllll Mil lllllllll
=: r
£
HK
§
i r 2*
I
45
INEQUALITY
AMEPr •THE WEALTHY*
What Americans
THINK
The Distribution Is
i
THE RICH-
•THE MIDDLE CLASS* THE POOR «ÿÿÿÿÿÿ!
I
HMttftH HHttttH fttttfttftttt tmtttttt tttmtttt ttttf tttt! fttHtHttt tttttttttt HttlfttH tttMHttt
I
o%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
THE
*
ICA
ACTUAL Distribution of
9
Wealth in the U.S. .nfc
THE POO
THE
R.OfJ Iif
mI
MIDDLE CLASSâ&#x20AC;&#x2122;*
HHtttttt ttttfttmt ttttitiiit tttttttttt mtttitit ttHtmtt tttttttttt tmittm tttttttttt itmtm 0%
_
WEALTHY*
10%
20%
50%
40%
50%
60%
70%
80%
90%
t 100%
_
JV
*
2 CTJAL of the U.S.
UJ -J
O
TOP 20%
o
z
What Americans
’ÿTHINK The Di
MIDDLE 20%
TOP 20%
lution Is
Distribution
92% Choose as
MIDDLE 20%
IDEA
BOTTOM 20%
SECOND 20%
MIDDLE 20%
TOP 20%
FOURTH 20%
TOP 20%
Rising morbidity and morlality in nudlile among white
non Hispanic Americans in Ihe 2lsl century Anne Case and Angus Deaton
•This paper documents
a marked increase in the all¬ cause mortality of middle-aged white non-Hispanic men and women in the United States between 1999 and 2013. This change reversed decades of progress in mortality and was unique to the United States; no other rich countryside a similar turnaround. The midlife mortality reversal was confined to white non-
Hispanics; black non-Hispanics and Hispanics at midlife, and those aged 65 and above in every racial and ethnic group, continued to see mortality rates fall. This increase for whites was largely accounted for
by increasing death rates from drug and alcohol poisonings, suicide, liver diseases and cirrhosis. poisonings, suicide, liver diseases and cirrhosis. The study was based on income data derived from 1.4 billion tax records between 1999 and 2014 of individuals aged 40 to 76, and death records obtained from the Social Security Administration. It found that men in the top one percent had an expected age of death of 87.3, compared to 72.7 years for the poorest one percent. The richest women on average lived 88.9 years, while the poorest lived only 78.8 years. "Men in the bottom 1 percent of the income distribution at the age of 40 years in the United States," the study noted,” have life expectancies similar to the
mean life expectancy of 40-year-old men in Sudan and Pakistan.” us men in the top one percent of income distribution have "higher life expectancies than the mean life expectancy for men in all countries at age 40 years” the study found...
JKC:
1
k'
[
m
31
C
30
' <7 L
<_J>
79
§_
-
AA
CO 78
m
77
Ireland
/
lLJir>'
Germany
DenmorK
3
USA 2014 ZOIO
00+
is
zooo
<L>
r
70
1995
mm
1r
75
990 19Mb
V 7-4 1OHO
73
UL
72
71 70 O
1070
800$ 1 .000$
2.000$
3.000$
-4.000S
?
8.000$
0.000$
7.000$
O.OOOS
9.000S
Health Expenditure
price differences botwoon countrio.i) (ad|ustod for Inflotiori and PPP-ad|ustod for rylnx Licensed under CC-BY-SA by tlicÂť author OECO: Llfa expectancy from tho World Bank topic. thin on vlnunll/ntlonn moro nnd Data source: Honlth expenditure from Iho dntn t flo row at OurWbrldlnDatn.org. Thoro you find Tha Interactive data visualization la available
Honor.
GDP-aranyos egeszsegiigyi kiadasok
es
oo<) ho
oio-ben
az OECD-orszagokban
18 16 *4 12 10
8 6 4
<
&C C-C «
a cn us ©
.5 *C
T* c->
ZZ
2 2 Iz.
«
r
'd
r: J C-O -0 V «-
~ -3..=
•
-A-
C
“
M
S*-?? r r
=3
>-
DC ‘7*
ro : .-o r3
Ti
OCQ
• • OO*
»
= f|2 f .2I&£ f C/3
r
v:
SL 7;
o
—
o
N
3
t/1
= <
— T5 % *«o 59
r= r- «
>
N N
7: y;
M
«
©
Os
c-c
—_
:-*
V**
*
N
--r
OC«
C/3
N 7i
o
*• C
O £i
Ji 3
—
CbC &C -O hJ VI
•— -2
:>ÿ
N * 71 X I—
o
°2
M
rs
2
o
Forras: OECD Health Data 2012, Portfolio Jxu 2008-as es 2009-es adatok * * 201o-es es 2011-es adatok
OECD egeszsegiigyipontszam(i-io) 10
9 8 7 6 5 4 3
lim
2 1
O
iiim# ftfiimtfgfefiisjnisifi
#i{/ 50
I 4?
.-:
#/* .£ppt
Forras: OECD Regional Well-Being Indicators Sept 2014,Portfolio
*f
F T3
E. S3 o
o
§
£
709*5
— Top 59b of spenders account for almost half of spending ($623 billion)
6CKV0
—
509*5
—
409*5
—
50.5
34.8 CO
E
309*5
c3
209*5
— —
Total Rcrmnal Health Care Spending SI.259 Trillion
-
$36 Billion
$1,223 Billion
18.8, 10.4
109*5 — 0.0
09*5
o
io
1 5.4
0.1
0.4
1.3
20
30
40
2.9
5.6 95 i 99
T
T
50
60
T 70
80
1 90
TOO
Percent of Civilian Non-lnstitutionalized Population Ordered by Health Care Spending Soinxt Schoonman. Ji*o A. "Tho concentration of health care sponcfcng ' NIHCM Foundation Data Brlel. National Institute of Moaltti Care Management. Washington. DC (?012). (Formatted by wwwCX»V\*x1dlnData org)
400
30
Lung cancer
France
Germany
25
350
Suicide
20
Liver diseases & cirrhosis
300
Canada
250
Sweden
10
Diabetes
US Hispanics
5
200 j
1999 2001 03
05
07
09
11
13
*
0
1999 2001 03
Source: "Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century", by Anne Case and Angus Deaton
:onomist.com
15
05
07
09
11
13
* Drug-related overdoses, etc.
48% rise in death rate 20
0'
•20
40
•60
•80
1990
1994
1998
2002
2006
2010
2014
a
«
Homicides by firearms per 1million people in selected developed countries in 2012 29.7
United States
E3 Belgium II
7.7
Switzerland
6.8 6.2
Luxembourg
Canada M
5.1
Ireland II Finland
4.8
+”
4.5
Sweden SS
4.1
Netherlands Denmark
3.3
Z
Austria
2.2 1.9
Germany
New Zealand ifl
Australia
e®<=>
estatistacharts
2.7
1.6 1.4
Sources: UNODC, Small Arms Survey, via The Guardian
Thc» INDEPENDENT
statista
Incarcerated Americans 2,000.000
--
1920-2006
A
Sources: 1,500,000-- Justice Policy Institute Report: The Punishing Decade, & U.S. Bureau of Justice Statistics Bulletin NCJ 219416 Prisoners in 2006
-
1,000,000
500,000
0
1920
1930 1940
1950
1960 1970
1980
1990
2000
2006
1905
9 1*
nr
*
*
» 1990
!!
E
\
! *
0
nn
2010
2005
“
t 3 199S
=0
•
5
0 1
i1
5z
»• i
»
C «o 1580
M
(D W
J
3 1)15
? 1970 •i
ft
7
•
0
2. I960
3
0
-1955
tl
z
1950
1945
Germany's A North Kor
lection nightm an cf
I th
t wasn't
a9
t bubble 2.0
Int »a
Ga z
Palestinians
»a
b I I issu
on th
•
*
k-
l§3
-
r*
--
'
.
mm
me wtm L fi
a-g
/
/
53 s
>!r
/
"
K i
<y
/
/
SSÿ/ WC>W [t/
KrXI
»
>r QS
9b
l
A
I ,
/
00r-
gw
i
y
*«G
m.
/fV
•
* . 9
r
!ÿ
mr v
J.
x
T\ 1
i
i
1
i
v
VJ
:ÿ f.
T
-ÿ•ÿ
W 5
'
r f -c
7/
z
m>
.i,
«
A. AW ,
y
\
J
L->
**,4
•
It
4L
/
»
wa • #
\v
M
/
*
1 /
Iv, H
\:r
.«W \
/i
T
m
\
/
n I
a . * I* iLiiii/ Jftr
u
J
f
W
I ///
\
I
11
\
r
in
i
r>
)
k-
L
llf/
mm
i
9.
P! ;
f7» * r
\
&
/
'*A e
mm a
*
<ÿTY
mil rhi
&
g/j
/
k
'\
ft
X
OB
&
a
* 4
gfBT
°JP
±A
<5/41
DpfjP nr
V
W/0
#
*vii
e£r
••
/
m k
w
L
n
->g
>v
;
is•••
v
v*-
-••• •
m
-
a
BJHy G
WINNER
RI
£T
'
m
W'
X
-
ANPTHE
a Y:i
YsY A
-
'4
Bf
Global Debt Has Increased By $57 Trillion Since 2007 Global stock of outstanding debt, by type (in trillion U.S. dollars) Household
Corporate
22
Q4 2000
Government
Financial
87
+57 trillion 5j
Q4 2007
Q2 2014
©CD©
5W
Source: McKinsey Global Institute
33
-»
142
58
199
Forbes statista
a
â&#x20AC;˘Ha az
Moralltc
elmult evszazadok tortenelmi logikaja folytatodik, akkor egy-ket evtizeden beliil jon a hetedik birodalom szaz eve. De johet egy szazeves haboru is, vagy egy olyan olanetaris egyezseg-rendszer, ami felvaltja az eddigi Dirodalmi logikat, sot fokozatosan lebontja a Nyugat kenyszen'td hatalman alapulo univerzalis civilizacio-epites zsakutcas kiserletet. Az amerikai nemzetallam es rajta keresztiil a vilag igen sulyos vaisaggai terhes, kritikus evtizedek ele nez. A rejtett globalis hatalmi szuperstrukturan beliili tektonikus fesziiltsegek kezelesenek eselye kizarolag olyan narrativara epulhet, ami kepes mindezt elbeszelni. Az elmondottak ezt probaltak segiteni.