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… will this election, the control of the
CONGRESS and the direction of this
God-forsaken country be decided by
teen and 20-something AIRHEADS
out to get high, get laid, get an abortion,
get free stuff, get your guns, get
queer-married …




Fox News Host Thinks Young Women
Shouldn't Vote or Serve on Juries

October 23, 2014

Fox News anchors have turned their attention to the impact of the female vote in the upcoming elections. In July, "O'Reilly Factor" correspondent Jesse Watters referred to them on-air as “the Beyoncé voters, the single ladies,” and predicted they would be an election-decider this fall.

 “Obama won the single ladies by 76 percent last time, and they made up about a quarter of the electorate. You know, they depend on government because they’re not depending on their husbands. They need things like contraception, health care, and they love to talk about equal pay,” he said. These statements have been debunked by The Atlantic, and have since spawned a strong social media response in reaction to his claims.

On Tuesday's broadcast of Fox News’ “The Five” co-host Kimberly Guilfoyle discouraged young women from participating in elections and serving on juries. “Young women on juries are not a good idea,” she said. “They don’t get it! They’re not in the same, like, life experience of paying the bills, doing the mortgage, kids, community, crime, education, health care.”

… young women are “healthy and hot and running around without a care in the world,” they don’t understand the issues at hand. Her suggested solution? “Excuse them, so they can go back on Tinder and”

ARTICLE HERE~~~>[/size]
Are you aware that you are making a complete fool of yourself in public ?

The members of this forum are highly educated through years of real research. They do not take kindly to wack jobs with batshit crazy rants spouting half truths as packaging for disinformation lies.

This will end very badly for you, if you continue to troll.

I say troll, because all you do is ignore the highly intelligent responses and spout more arse wipe. You make no attempt to engage in any kind of exchange of conversation. We do not appreciate that kind of behavour on this forum.

Evading grid,
When is the last time "highly educated" folks learn from questioning the retail/commercial (Business) Banks directly that you know of?

*I am not trolling, so be careful  with your choice of words.

Much of the understanding I received, is after communicating directly with agencies such as Fannie Mae, or the SDAT or directly with Wells Fargo, or calling the local courthouse and question the land records, or emailing and questioning the MVA or SS office or the local TREASURY  and so on....

The reason why it is difficult to communicate with the "highly educated" is because they are talking about "money" while I am talking about 'credit'.

Fiat currency printed "out of thin air' is not acting as money, it is only acting as credit while being called "money".

Im not sure of your agenda for being the moderator, because I thought this forum was looking out for the "little guys"...the hard working laborers, but some moderators of this forum may be proving otherwise.

Lets have  fresh start and see if we can better communicate, after all, it is a constant learning process...

Ill begin with stating what I do for a living:
I work as a residential laborer (handy man).

*What do you do for a living, or what is your occupation?

*What are some corrections you feel I need to make concerning the fiat currency?

People need to go beyond articles and books and need to go to the sources directly as I have done and still do.

Japan's economy floundering, BOJ to widely miss inflation goal: poll
24 October 2014
, by Kaori Kaneko - Tokyo (Reuters)

Japan's economy is floundering and analysts polled by Reuters cut their annual growth forecast for a fifth straight month, saying there is no chance the Bank of Japan will meet its 2% inflation goal by the next fiscal year.

With demand still suffering from an April sales tax hike and disappointing factory output, most analysts expect the BOJ to ease policy further before the fiscal year ends in March.

The majority expect that to happen early in 2015.

The BOJ launched an unprecedented burst of monetary stimulus last April aimed at reflating the economy, pledging to double the monetary base to 270 trillion yen ($2.50 trillion) over two years, which has helped to send the yen down about 15% against the dollar.

But not a single economist polled said that it would succeed in getting inflation to the 2% target by fiscal 2015/16.

It was last at 1.1%, without the tax hike effect.

"The inflation goal gets out of sight," wrote Stefan Grosse of NORD LB.

Consumer price inflation without the April sales tax hike effect will probably rise 1.1% in this fiscal year and next, roughly in line with the previous survey.

But with oil prices falling sharply, all central banks are soon going to be faced with lower inflation, which is particularly worrying for the BOJ and the European Central Bank as deflation risks loom.

That means those inflation forecasts are likely going to be chopped in coming months.

"The global economy is not helping the plans of (Prime Minister) Shinzo Abe.

Low commodity prices are bad news if the Bank of Japan is absolutely fixed on the inflation goal," said Grosse.

The economy will grow just 0.2% for the fiscal year to March 2015, a Reuters poll of 24 analysts showed, down from a 0.3% projection made last month and falling from a 1.0% growth forecast in May.

They project only 1.3% growth in the next fiscal year starting April 2015, with a slowdown from that in 2016/17 to 1.2%, unchanged from September's poll.

"The likelihood of economic stagnation has been rising," said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance.

During the third quarter, the economy probably rebounded an annualized 2.9%, according to the poll, but that would be less than a half of the 7.1% contraction in the second quarter, the biggest contraction since early 2009, after the sales tax hike bit harder than expected.

That also is a sharp downgrade from 3.6% growth forecast in the September Reuters poll.

But economists expect 2.1% expansion in the fourth quarter, unchanged from last month's projection.

Even with the prospect of economic stagnation, thanks in part to the April tax hike, a majority of analysts said they expect the government to proceed with plans for another sales tax hike next October.

But not all of them think that's a good idea.

"Given the prospects of a slower global growth, it would be difficult for the prime minister to risk another tax hike slump on the economy," said Grosse.

At its next policy meeting on Oct. 31, the BOJ is preparing to roughly halve its 1% economic growth forecast for this fiscal year, but keep policy unchanged and maintain its prediction that inflation will hit its 2% target in the year from next April.

Abe is set to make a final decision by the end of this year on whether to proceed with the second sales tax hike to 10% from 8%, after examining economic data to see if the economy can withstand it.

The poll showed 18 of 21 analysts predict the government will raise the tax as planned, while three said it would postpone it, hardly changed from last month's survey.

Adding to gloomy views on the economy, the recent resignation of two important cabinet ministers have raised worries about Abe's government and the fate of the second tax hike.
China economic growth seen slowing well into next year, no rate cut seen: poll
24 October 2014
, Beijing (Reuters)

China's economy is likely to grow at its slowest pace in 24 years this year and will cool further in 2015, weighed down by a cooling property sector and factory overcapacity and as top leaders push structural reforms, a Reuters poll showed.

Growth in the world's second-largest economy slowed from 7.5% earlier in the year to 7.3% in the third quarter, which was the weakest since the global financial crisis.

A similar pace is expected in the current quarter, leaving full-year growth at 7.4%, just shy of the government's target of 7.5%.

The median estimate from 41 analysts, most of whom are based outside of China, predicts growth will slip further to 7.1% in 2015.

The weakest forecast was for 6.5% and the highest 8.0%.

A senior government economist said on Friday the economy was likely to grow by 7.4% this year, and 7% in 2015.

"We expect the policy stance to remain supportive of growth, through the stimulation of infrastructure investment, further relaxing of property market policies and more 'targeted' monetary easing steps," Louis Kuijs, chief China economist at Royal Bank of Scotland in Hong Kong.

"However, we think policymakers will not resort to more significant and higher profile measures unless growth takes another turn for the worse.

If it does, we can imagine more significant measures, including a cut in benchmark lending rates."

The majority of a smaller sample of economists said the central bank would keep interest rates unchanged over the coming year, with the benchmark one-year lending rate seen remaining at 6% until the end of 2015. Benchmark one-year deposit rates were also seen unchanged at 3%.

Data on Friday showed Chinese home prices fell for the fifth straight month in September, wiping out a year's gains, reinforcing expectations that the government will have to roll out fresh stimulus to avert a sharper slowdown.

Accounting for about 15% of China's economy, the property cooldown has crimped demand in 40 sectors ranging from steel to cement and furniture, becoming the single biggest drag on domestic activity.

Policy measures so far this year include accelerated construction of railway and public housing projects, cuts in reserve requirements (RRR) for some banks and loosening of property controls by some local governments to support the housing market.

Premier Li Keqiang has stated repeatedly that authorities will tolerate growth slightly below the 2014 official target as long as the labor market remains healthy and as the government tries to reshape the economy so it is driven more by domestic consumption and less by exports and investment.

Li told delegations to an Asia-Pacific Economic Cooperation (APEC) finance ministers' meeting this week that despite improvement in employment reforms will take time.

In line with moderating economic activity, consumer price pressures are forecast to remain subdued. Annual inflation is seen running at 2.3% in 2014, well under the government's 3.5% target.

China's current account surplus is also expected to hover at 2.3% and 2.4% of GDP this year and next respectively, comfortably below the 4% mark proposed by former U.S. Treasury Secretary Timothy Geithner as a level that indicates a balanced economy.

I think if you cut the official China GDP numbers in half you are much closer to the real economic growth numbers.

So if they say they had 7.3% growth in the third quarter I think it's closer to 3.7%.
Asia economic growth to languish as China slows: poll
24 October 2014
, by Sumanta Dey - Bangalore (Reuters)

Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed.

Until recently the primary engine of global growth, most Asian economies have slowed, hamstrung by erratic exports, sluggish domestic demand, capital outflows and political and policy uncertainty.

At the same time, many of Asia's major trading partners in the West are grappling with disinflation and weak demand, making it difficult for central banks there to move away from aggressive monetary stimulus.

Estimates for 2015 GDP growth were either cut or left unchanged for nine Asian countries in the latest poll of over 200 economists conducted over the past week, with Hong Kong, Indonesia and Singapore bearing the brunt of the downgrades.

India, Malaysia and Thailand were the few economies for which economists made slight upgrades to growth projections.

These latest lacklustre forecasts follow a similarly tepid performance this year, during which China's economy slumped to its slowest pace of growth since the global financial crisis.

"The Chinese economy is unbalanced at present with an excess of investment, much of which has been financed via debt," said Jay Bryson, global economist at Wells Fargo.

"The slowdown that is under way in China is partially policy-induced, and the days of double-digit Chinese economic growth appear to be a thing of the past."

China's economy is expected to expand 7.4% this year, narrowly missing the government's 7.5% annual target, as Beijing tries to derive more future growth from consumer demand rather than exports.

In 2015, economists predict growth to slow further to 7.1%.

Also among the primary reasons for the protracted slowdown is the risk that China's overheated property market might crash, triggering ripple effects through a highly leveraged economy and further dragging on consumer demand.

While Beijing has undertaken targeted stimulus to ease business lending, liquidity and housing regulations, economists do not expect a major shift in policy or lower interest rates from the People's Bank of China.

Effects from a slowdown in the world's second largest economy have trickled through to South Korea, Hong Kong, Singapore and Indonesia, with growth estimates downgraded in the latest survey.

India, Asia's third largest economy, was among the few bright spots.

Growth there is expected to pick up to its fastest pace this fiscal year since 2010-11 on the view that Prime Minister Narendra Modi will unveil much needed reforms to attract investment.
Specter of no-inflation world looms over Fed's return to normal
24 October 2014
, by Howard Schneider - Washington (Reuters)

After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy.

The soft global inflation backdrop, from sliding oil prices to stagnant wages in advanced economies, has triggered debate over whether the Fed and its peers merely need to wait for a slow-motion business cycle to improve, or face a shift in the underlying nature of inflation after the global recession.

That uncertainty has become the Fed's chief concern in recent weeks, likely to shape upcoming policy statements and delay even further the moment when interest rates, pinned near zero for nearly six years, will start rising again.

Investors have already pushed expectations for an initial rate hike back several months to late next year because of a dimmed global outlook.

The Fed is expected to take note of recent market turmoil and worsened world conditions at its Oct 28-29 meeting even as it ends the bond-buying program launched to fight the financial crisis.

Yet if the Fed keeps struggling getting inflation back to its 2% goal it could prompt a deeper rethinking of its approach.

That could involve an even more open-ended commitment to low interest rates, the renewal of asset buying to pump cash into the financial system, or more aggressive language to encourage households and businesses to invest and spend.

Inflation was already acting out of character during the 2007-2009 recession when it fell less than expected.

Now, its glacial movement during the recovery suggests something basic may have changed, San Francisco Fed President John Williams told Reuters last week.

"Either it is because inflation is no longer a good judge of (economic) slack or there are some other factors" yet to be understood, he said.

"These are things we are trying to understand - what is structural, what is cyclical."

Williams said he still expected that eventually "Economy 101" forces of supply and demand would regain traction, and push up wages and prices around the world.

What if they don't?

That would put the Fed in a bind - with rates at zero, and absent a renewal of the sort of unconventional programs it has been trying to wind down, no tools at hand.

The experience of its Japanese and European peers is far from encouraging.


The Bank of Japan pulled the economy out of a protracted deflation with a massive burst of stimulus, but its inflation goal remains elusive, leaving it with an open-ended promise of extra loose policy for however long it takes.

A similar fight has been underway in the euro zone now for five years.

Fed officials say they are confident the U.S. economy is turning a corner, and have stuck with forecasts showing a gradual rise in inflation over the next year or two that would allow a slow but steady rise in interest rates.

But they have yet to fully explain what has happened in the U.S. economy in the past two years: how a much faster than expected fall in unemployment squares with a much slower than expected rise in inflation.

They have also struggled to describe what they might do next - eager to lay the groundwork for an initial rate rise, yet uncertain whether and when it will be possible.

"The Fed is trying to feel this one out...They are trying to be as non-committal as possible," said TD Securities analyst Gennadiy Goldberg.

"They don’t know when inflation will pick up and when disinflation pressures will stop."

Central banks seek to maintain a steady, moderate inflation to keep wages and spending growing, lower relative costs of debt and allow them to use interest rates as the main policy lever.

Fed officials acknowledge that if inflation weakens further, they might need to do more by strengthening their commitment to keep rates low for longer or, in an extreme case, revive the bond buying program.

While that is not their forecast, the recent market dive and Europe's weakness reopened a conversation U.S. central bankers thought they had left behind.

"If we don’t see wage growth or the price inflation that I am looking for then it would be appropriate in my view to further stimulate aggregate demand," said Williams, who was one of several Fed officials in recent days to note that if the economy veers off course they will respond.

Research at the Fed and elsewhere in recent years has delved into how the evolution of the global economy may have changed the way wages, prices and output interact.

Among the possible forces at play, Fed research has noted a steady decline in workers' share of U.S. national income, a result of the shift of manufacturing jobs overseas, technology investment that has raised productivity faster than wages, and perhaps even the decline of labor unions and their bargaining power.

The drop in labor's share, which is expected to continue, means wages no longer drive inflation as much as they did in the past.

"You are not seeing the type of wage pass through dollar for dollar you used to see. The dynamic has just changed," said Sheryl King, senior director of research at Roubini Global Economics.

Outsourcing of production and, increasingly, services overseas may continue to temper inflation; the increasing use of part-time labor, the more rapid rise of lower paid work and automation could also be at play.

All told, the cross-currents are hard to read.

The drop in oil prices helps energy intensive firms and consumers, but it could also be a symptom of global economic weakness and dent investment in a thriving sector of the U.S. economy.

"From the perspective of the 1970s you'd say this is crazy.

Because normally slack gets removed much more quickly, and you would have stronger inflation," Chicago Fed President Charles Evans said in Indiana last week.

"That does not seem to be anything like what we are experiencing now."


Even a child you can explain that money devaluation (called inflation by the FED) trough money printing is not the same as inflation trough a natural growing economy with higher money velocity, higher prices and higher wages as result.

FED members are so deeply intrenched in there academic bubble that they can’t see reality outside that bubble.
Thierry Leyne, partner of DSK, commits suicide in Tel Aviv
23 October 2014
, (AFP)
(google trans from French)


The French-Israeli businessman Thierry Leyne, associate of former IMF chief Dominique Strauss-Kahn, committed suicide Thursday in Tel Aviv, do we learned from his relatives.

Main partner of DSK in an investment fund established in October 2013 and called LSK (Leyne Strauss-Kahn), Thierry Leyne, private banker, had a residence in Tel Aviv.

Engineering graduate from the Technion in Haifa (northern Israel), Mr. Leyne, 48, has spent his entire career in the financial world, including France, Israel and Luxembourg.

His family said he would be defenestrated by jumping off one of the tallest buildings in Tel Aviv. The reasons for this move were not disclosed.

In April, Mr. Leyne told AFP stated at the time of the creation of an investment fund Global Investment DSK created with Strauss-Kahn that it was "a very ambitious project," with the goal of reaching a size of $ 2 billion.

Mr. Leyne pointed out that "many people (were) applicants for the economic analysis of DSK," which he described as "capable of long-term strategy by identifying key trends but also to be able to react quickly to events that may arise. "

Thierry Leyne was head of financial firm Assya Capital, established especially in Tel Aviv, Monaco, Luxembourg and Romania, and founded in 1994.

In 2010, he merged this thriving group with Global Equities Capital Markets, which offers its customers, including Eastern Europe, the full range of financial services, private banking investment advice through the wealth management.

By partnering with Dominique Strauss-Kahn in October 2013, it was renamed the LSK and Partners Group.
The Sh## Has Hit the Fan in NY
Black day for Tesco as profits fall by 92%
23 October 2014
, by Zoe Wood (The Guardian)

Chairman Sir Richard Broadbent stands down as Deloitte finds bigger hole in retailer’s accounts than first estimated

Tesco’s profits for the first six months of 2014 have been nearly wiped out by the toxic combination of the recent accounting scandal and slumping sales at its declining UK store empire.

It is not Incompetence, its Conspiracy to Murder . . .

* cat  dusts off old sparky
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