Friday, May 31, 2013

Banks and bankers. Permanent deflation of the poor 99% by the rich 1% fat cat bankers

Bob, Smaller banks deflate the sheeple -- All banks charge a higher interest rate on loans than what they pay out in interest or they would not stay in business. So money accumulates in banks and the bankers get paid large bonuses. Bigger banks deflate the smaller banks. Money flows from the small banks to the big banks that have better access to capital markets and rich corporations that are more profitable and can pay higher interest rates. That is why the big banks are called "money center" banks "too big to fail" http://www.investopedia.com/terms/m/money-center-banks.asp http://en.wikipedia.org/wiki/Interbank_lending_market http://www.treasurydirect.gov/instit/statreg/fraud/fraud_prime1.pdf Central banks are "deflators in chief." They are owned by banks and controlled by mostly the big money center banks. Especially big New York banks -- the New York Federal Reserve president is the only regional Fed with a permanent seat on the Open Market Committee that determines monetary policy http://en.wikipedia.org/wiki/Federal_Open_Market_Committee#Membership Big fish eat little fish. Big banks deflate little banks. Little banks deflate the sheeple. The law of the jungle. This will continue until all the valuable fiat money is in the big banks and the sheeple are broke. Similarly the junk food corporations will inflate themselves by deflating your health until you are deceased. Or the government will draft you into military service where you will be beheaded in Iraq. The rich 1% use fiat money to control the banks, companies, military, and government of the sheeple 99%. If rich bankers create any money they will keep it for themselves and pay themselves a big fat bonus. Bankers do not have to give any money to the sheeple. The government will allow some welfare, drugs, and junk food stamps that will insure dementia and prevent revolution. This has been going on for centuries. Europe (and the world) was run by monarchs for most of its history. The king, emperor, pharaoh owned everything while most of the people were peasants, serfs... 99% deflated, allowed just enough food to work and reproduce. USA now is becoming a third world banana republic with a negro president figurehead who is too weak to challenge the banks or any of the schemes that the 1% use to hold power. Every study finds that income and wealth is becoming more concentrated in the top 1%. More like a third world dictatorship. This trend will be hard to reverse -- permanent deflation of the 99%. USA looking more like a poor colony of European powers. France is still the largest and richest country in Europe, and Paris the richest city in the world http://en.wikipedia.org/wiki/List_of_metropolitan_areas_in_the_European_Union_by_GDP http://en.wikipedia.org/wiki/%C3%8Ele-de-France_(region) French also have the best food and wine and almost the longest lives despite all that food and wine http://en.wikipedia.org/wiki/French_cuisine http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy French central bankers meet in the most opulent meeting room of any bank. No other country (except the Vatican) or even the USA president can meet in any such room: [youtube http://www.youtube.com/watch?v=mG2vmVvEb_8&w=560&h=315] Bob wrote: > > Subject: Inflationary War Boom vs Deflationary Peace Depression > preferred by Veteran Bankers > > Bob, > > Bankers were burned by inflation in the 1970s so they established the > > current deflationary regime. Hippie draft dodgers benefited from that > > inflation. Inthe 1950s and 1960s banks were run by Veterans of WWII and > > Korea, mostly male white Protestant. Lots of bricks and mortar. Pay was > > low and risk was low. Bank failure was rare > > http://en.wikipedia.org/wiki/List_of_largest_U.S._bank_failures > > This peaceful state of affairs was disrupted was by the 1974 Muslim OPEC > > Oil Embargo. Oil prices quadrupled causing double digit inflation that > > carried interest rates higher. (Interest rates tend to be a little > > higher than the inflation rate r=rr+inflation, see attached). Franklin > > National Bank wentbankrupt (run by Sicilian Mafia). > > *Banks make their money by borrowing short and lending long*. *We’re > talking about different banks, I see. The banks I’m referring to don’t > need to /borrow /any money, they create it at will. No depositors > either, unless you count “excess reserves” overnight. You are > referring to commercial (neighborhood) banks. I’m talking Central > Banks who actually set interest rates and manipulate prices globally.* > > Depositors > > put their money in for short periods of timebut want long term loans > > (human nature, they want more now, impatient). Banks lost a lot of money > > as inflation and interest rates went higher and higher in the 1970s. > > They had to pay highinterest rates to attract deposits but they were > > stuck with long term loans at low interest rates. Disintermediation got > > worse during the 1980s leading to the collapse of the Savings and Loan > > industry and expansion of derivatives hedging contracts to reduce such > > bankruptcies. >

Chicago Online Retailing Conference

I need to go to the University of Chicago and Illinois soon (if it ever quits raining). This Chicago conference next week is another reason to go. Online is where a lot of business transactions are headed. I am amazed at the clumsiness and inefficiencies in the obsolete older methods that will soon fall to Schumpeter's "creative destruction" ( /schöpferische Zerstörung/). Streets, bricks, mortar should be converted back to grasslands where bison can freely roam. People can stay home glued to iphones, ipods, ipads, TV, Radio, media, computers... like paleolithic cavemen in their caves watching embers glow. http://irce.internetretailer.com/2013/ *Online Retailing and the New Retail Economy* We didn’t know it at the time, but when the Berlin Wall fell in 1989, it triggered a movement toward democratization and free enterprise that spread—and is still spreading—around the world, freeing up once-closed societies. In its own way, the transformation of the global economy wrought by e-commerce is as momentous a phenomenon when it comes to dissolving barriers—in this case, to an entirely new retail economy. Like the Wall separating East and West, there existed many barriers in traditional retailing, confining retailers and consumers alike—barriers that made entry to established markets difficult and prevented retailer-consumer interaction on a mass-market level. These barriers also inhibited merchants from offering more personalized services and highly targeted marketing. Lastly, such barriers discouraged retailing on a global scale, forcing shoppers to travel to regional malls and tailor their shopping preferences to meet the merchant’s requirements on everything from store hours to store inventories. With a mind-blowing expansion of new web-based technologies and online retailing strategies, e-commerce is rapidly breaking through all these traditional barriers. The industry is creating a new retail order that puts the consumer in total control even as it spawns major competitive opportunities for the retailers and consumer marketers who embrace it. The 9^th annualInternet Retailer Conference and Exhibition *,*the world’s largest e-commerce event, which will be held at Chicago’s McCormick Place West from June 4-7, 2013, will analyze the social, mobile, global, personal, interactive and managerial changes that e-commerce players are bringing to the new retail economy. This is a major educational event that offers online retailing and wholesaling professionals and consumer marketers the insights and analysis they need to give their businesses a competitive advantage in this expanded world of possibilities. Larger than America’s other two major e-retailing events combined, IRCE 2013 expects to draw 9,500 e-retailing executives from more than 40 countries. They will be treated to a customizableagenda that features205 speakers and 120 sessions,plus 5 workshops (pre- and post-conference, held on June 4 and 7, respectively) and 10 tracks running concurrently on the two main conference days (June 5 and 6) on subjects that include, but are not limited to: * Maximizing the effectiveness of rapidly evolving, consumer-empowering interactive technologies and social media platforms * Designing search marketing strategies for success in an increasingly competitive and demanding search environment * Seizing the opportunity to establish a viable global footprint as e-commerce continues to render the borders between national markets meaningless * Targeting on-the-go consumers with the latest mobile technologies and marketing developments * Dismantling internal barriers within an organization to facilitate more profitable web-based businesses * Exceeding expectations in order fulfillment and delivery of ever-more-demanding web shoppers * Exploring the top financial, operational and legal issues today’s e-commerce executives must master
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Wednesday, May 29, 2013

Deflated Detroit, Inflated Washington DC houses. Los Angeles, San Diego

Detroit houses are deflated (black majority). Cleveland, Atlanta prices are also depressed. Washington DC is the most inflated (money in politics). Los Angeles and San Diego are also expensive boom towns. If you can't beat them, join them. They must be doing something right. California budget running a surplus helps. The table below summarizes the results for March 2013. Metropolitan Area Level Change (%) Change (%) 1-Year Change (%) Atlanta 98.29 1.3% 0.0% 19.1% Boston 155.71 1.2% 0.1% 6.7% Charlotte 117.56 2.4% -0.2% 7.3% Chicago 110.73 0.0% -0.8% 7.8% Cleveland 99.26 0.0% -0.8% 4.8% Dallas 122.30 1.3% 0.2% 6.8% Denver 135.79 1.4% -0.2% 9.8% Detroit 80.70 0.0% -0.5% 18.5% Las Vegas 108.36 2.7% 1.4% 20.6% Los Angeles 186.30 2.3% 1.0% 16.6% Miami 155.89 1.2% 0.3% 10.7% Minneapolis 123.15 -1.1% -0.8% 12.5% New York 161.54 -0.4% 0.4% 2.6% Phoenix 130.29 1.7% 1.1% 22.5% Portland 145.52 2.7% 0.7% 12.8% San Diego 167.84 2.2% 0.6% 12.1% San Francisco 153.94 3.9% 0.5% 22.2% Seattle 145.20 3.0% -0.2% 10.6% Tampa 139.91 2.6% 0.6% 11.8% Washington 189.70 1.7% -0.5% 7.7% Composite-10 161.48 1.4% 0.4% 10.3% Composite-20 148.65 1.4% 0.3% 10.9% http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldocumentfile&blobtable=SPComSecureDocument&blobheadervalue2=inline%3B+filename%3Ddownload.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1245352206396&blobheadervalue3=abinary%3B+charset%3DUTF-8&blobnocache=true http://www.usnews.com/news/blogs/home-front/2013/05/28/case-shiller-home-prices-soar-in-march Home prices continued to speed upward in March, posting their biggest year-over-year gain since April 2006, according to a widely-followed index. Property values shot up almost 11 percent in March over the past year according to the S&P/Case-Shiller home price index released Tuesday. March's gain comes on top of a more than 9 percent gain in February, sparking fears that some U.S. housing markets might be overheating.
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prevent dust bowl by cows, horses,... healthy diet

Excellent article below agrees with a lot of what I have learned the past 3 years, often disagreeing with my former opinions. To save planet earth USA needs to restore the large herds of cattle on the great plains (I was born on the formerly largest ranch in the world). Traditional organic grass fed beef is very healthy. Unfortunately people nowadays are eating too much GMO sugar, wheat, corn, and soybeans and other plant foods that are not healthy leading to diabetes, obesity, cancer, heart attacks, etc. Missouri has quite a diverse population subgroups and in the Branson resort I am learning to tell the populations apart by diet and lifestyle. Many are very unhealthy. It is amazing that what is good food for the people is good for the environment. Both require return to traditional practices. More cows, horses, trains, etc. http://articles.mercola.com/sites/articles/archive/2013/05/25/great-plow-up.aspx?e_cid=20130525_DNL_art_1&utm_source=dnl&utm_medium=email&utm_content=art1&utm_campaign=20130525 the best way to not only stop desertification, but also reverse it, by dramatically increasing the number of grazing livestock. In the early 1900s, the grasslands of the southern US plains were rapidly plowed up and turned into wheat fields. The ramifications of this wheat boom can still be felt today, as wheat (along with corn and soybeans) remains one of the most common crops grown in the US. In fact, wheat, along with corn and rice, make up 60 percent of human caloric intake1

prevent dust bowl by cows, horses,... healthy diet

Excellent article below agrees with a lot of what I have learned the past 3 years, often disagreeing with my former opinions.

To save planet earth USA needs to restore the large herds of cattle on the great plains (I was born on the formerly largest ranch in the world).

Traditional organic grass fed beef is very healthy. Unfortunately people nowadays are eating too much GMO sugar, wheat, corn, and soybeans and other plant foods that are not healthy leading to diabetes, obesity, cancer, heart attacks, etc. Missouri has quite a diverse population subgroups and in the Branson resort I am learning to tell the populations apart by diet and lifestyle. Many are very unhealthy.

It is amazing that what is good food for the people is good for the environment. Both require return to traditional practices. More cows, horses, trains, etc.

http://articles.mercola.com/sites/articles/archive/2013/05/25/great-plow-up.aspx?e_cid=20130525_DNL_art_1&utm_source=dnl&utm_medium=email&utm_content=art1&utm_campaign=20130525

the best way to not only stop desertification, but also reverse it, by dramatically increasing the number of grazing livestock.

In the early 1900s, the grasslands of the southern US plains were rapidly plowed up and turned into wheat fields.

The ramifications of this wheat boom can still be felt today, as wheat (along with corn and soybeans) remains one of the most common crops grown in the US. In fact, wheat, along with corn and rice, make up 60 percent of human caloric intake1 -- a dietary shift that is contributing to the rising rates of insulin resistance and its related chronic degenerative diseases now plaguing many developed countries.

These “amber waves of grain” had another unforeseen effect as well, an almost “other worldly” manmade disaster known as The Dust Bowl, which is chronicled in the PBS film.

The Worst Manmade Ecological Disaster in American History

In the early 1900s, farmers swarmed the southern Plains to take advantage of cheap land offers, even though the area – with its high winds, hot summers and frequent droughts – was not well suited for agriculture. During World War I, in particular, wheat was a sought-after commodity. With wheat prices soaring, and promises from land developers that “rain follows the plow,” farmers quickly turned millions of acres of grasslands into wheat fields, paving the way for what would be one of the worst manmade disasters ever recorded.

As History reported:2

“When the drought and Great Depression hit in the early 1930s, the wheat market collapsed. Once the oceans of wheat, which replaced the sea of prairie grass that anchored the topsoil into place, dried up, the land was defenseless against the winds that buffeted the Plains.”

“Black Blizzards” Crossed the Plains

Monday, May 27, 2013

Inflationary War Boom vs Deflationary Peace Depression preferred by Veteran Bankers

Bob,

Bankers were burned by inflation in the 1970s so they established the current deflationary regime. Hippie draft dodgers benefited from that inflation. Inthe 1950s and 1960s banks were run by Veterans of WWII and Korea, mostly male white Protestant. Lots of bricks and mortar. Pay was low and risk was low. Bank failure was rare http://en.wikipedia.org/wiki/List_of_largest_U.S._bank_failures

This peaceful state of affairs was disrupted was by the 1974 Muslim OPEC Oil Embargo. Oil prices quadrupled causing double digit inflation that carried interest rates higher. (Interest rates tend to be a little higher than the inflation rate r=rr+inflation, see attached). Franklin National Bank wentbankrupt (run by Sicilian Mafia).

Banks make their money by borrowing short and lending long. Depositors put their money in for short periods of timebut want long term loans (human nature, they want more now, impatient). Banks lost a lot of money as inflation and interest rates went higher and higher in the 1970s. They had to pay highinterest rates to attract deposits but they were stuck with long term loans at low interest rates. Disintermediation got worse during the 1980s leading to the collapse of the Savings and Loan industry and expansion of derivatives hedging contracts to reduce such bankruptcies.

Many liberal hippie draft dodgers graduated from high school collegebefore the 1970s inflation took hold. They took easy jobs as police, teachers, firefighters, city bureaucrats, professors etc. They took out low interest rate loans for 1, 2, or more houses. In California and many other states those houses greatly escalated in price. Plus they have lots of pensions, collected jewelry, cars, boats, coins, art, rugs, and other assets that did well in the inflation.

At the same time the Veterans working in banks were not getting paid much because thebanks were not profitable because of the inflation. So the hippie draft-dodgers were winning while the Veterans were losing (and retired poor).Then 1979 along came deregulationand Volcker-Reagan proved that by holding back the money supply and spiking interest rates that inflation could be reduced. This set the stage for declining interest rates that continued until present. Now interest rates are near zero, back to where they were in the great depression. Graph attached

Bankers learned their lesson. They have increased their power over government and will force deflation for the indefinite future. Obama has bought into their agenda although he is a socialist leaning liberal Black Muslim sympathizer. Blacks and Muslims are the poorest in the world-- they need inflation. Obama would like to inflate blacks more but the bankers paid for his electionand will pay forthe next president too, no matter which party wins. So Obama is helping the deflationbecause of money in politics. So contrary to their instincts, liberal Obama joins with liberal Bernanke to deflate the poor by helping rich bankers hoard money and pay themselves bonuses. It would probably be a worse deflation of the poor under the republicans -- reduction of food stamps, unemployment, social security, medicare, medicaid, etc. Bob Dole called for closingthe Republican Party for repairs
http://www.realclearpolitics.com/video/2013/05/26/bob_dole_republican_party_should_put_a_sign_up_that_says_closed_for_repairs.html The article below is interesting. Schillings book is essential reading for those interested in inflationand deflation. There will probably be more deflation and concentrationof wealth in the hands of 1% rich bankers and others. There is actually much more deflation than what the government statistics indicate.

http://www.bloomberg.com/news/2013-03-20/why-global-economies-face-an-age-of-deflation.html

Why Global Economies Face an Age of Deflation

By/*A. Gary Shilling*/

In recent years, monetary and fiscal stimulus across the world have led to the assumption that serious inflation, if not hyperinflation, is on its way.

I believe chronic deflation is more likely.

The expectation of rising prices is reasonable.
Mostpeople have only experienced inflation. The last meaningful episode of deflation was in the 1930s. That’s also the last time the U.S. was truly at peace. Deflation is a peacetime phenomenon.
The U.S.’s bouts of inflation, however, have historically occurred during wartime. That applies not only to shooting wars, but to theCold War and the War on Poverty. These are periods when vastoverspending by the federal government is combined with a robust private economy. These aren’t the conditions we have today, when government stimulus can’t offset private-sector weakness.
In the 95 wartime years since 1749, wholesale price increases averaged 5.7 percent. In the 168 peacetime years, they fell 1.2 percent annually on average. As the U.S. withdraws from Iraq andAfghanistan and asdefense spending declines, peacetime conditions are likely to prevail.
Furthermore, we tend to have biases that cloud our perception of inflation. When we pay higher prices, we think inflation is at work, but we believe lower prices are a result of our smart shopping and bargaining skills. Consumer Prices
Even though deflation has been forestalled in the past decade, disinflation -- declining rates of inflation -- has prevailed since the early 1980s. Indeed, the consumer-price index fell in November and December and was unchanged in January. For February, the cost of living in the U.S. was up 0.7 percent, the first increase in four months and the biggest since June 2009. Nonetheless, expectations for inflation over the next 10 years are for a continued drop.
Deleveraging: In a normal economy, chronic deflation would already be well established. Our global economy, however, is dominated by deleveraging in the private sector and financial institutions, and is highly deflationary. These actions are overpowering the effects of stimulus programs since 2007. Even with all the government measures, the U.K. is in a recession, as is the euro area. China ’s gross-domestic-product growth has slowed considerably and the U.S. reported a mere 0.1 percent annual increase in real GDP for the fourth quarter of 2012.
The liquidity created bycentral banks is tiny compared with the destruction wrought by deleveraging financial sectors. The decline in securitizations is just one aspect of this contraction. Banks are eliminating or writing down off- balance-sheet vehicles substantially. Governments are increasingcapital requirements even as banks dump assets to raisecapital ratios .
Increased Saving: The U.S. household-savings rate fell to 1 percent in 2005 from 12 percent in the early 1980s. This decline of about one-half a percentage point per year meant that consumer spending rose on average around a half percentage point faster than GDP, adding about the same growth to total economic activity once multiplier effects are included. U.S. imports drove growth in Asian and other export-led economies.
Americans are now being forced to save more. First, as a result of the volatility in stocks
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Inflationary War Boom vs Deflationary Peace Depression preferred by Veteran Bankers

Bob, Bankers were burned by inflation in the 1970s so they established the current deflationary regime. Hippie draft dodgers benefited from that inflation. Inthe 1950s and 1960s banks were run by Veterans of WWII and Korea, mostly male white Protestant. Lots of bricks and mortar. Pay was low and risk was low. Bank failure was rare http://en.wikipedia.org/wiki/List_of_largest_U.S._bank_failures This peaceful state of affairs was disrupted was by the 1974 Muslim OPEC Oil Embargo. Oil prices quadrupled causing double digit inflation that carried interest rates higher. (Interest rates tend to be a little higher than the inflation rate r=rr+inflation, see attached). Franklin National Bank wentbankrupt (run by Sicilian Mafia). Banks make their money by borrowing short and lending long. Depositors put their money in for short periods of timebut want long term loans (human nature, they want more now, impatient). Banks lost a lot of money as inflation and interest rates went higher and higher in the 1970s. They had to pay highinterest rates to attract deposits but they were stuck with long term loans at low interest rates. Disintermediation got worse during the 1980s leading to the collapse of the Savings and Loan industry and expansion of derivatives hedging contracts to reduce such bankruptcies. Many liberal hippie draft dodgers graduated from high school collegebefore the 1970s inflation took hold. They took easy jobs as police, teachers, firefighters, city bureaucrats, professors etc. They took out low interest rate loans for 1, 2, or more houses. In California and many other states those houses greatly escalated in price. Plus they have lots of pensions, collected jewelry, cars, boats, coins, art, rugs, and other assets that did well in the inflation. At the same time the Veterans working in banks were not getting paid much because thebanks were not profitable because of the inflation. So the hippie draft-dodgers were winning while the Veterans were losing (and retired poor).Then 1979 along came deregulationand Volcker-Reagan proved that by holding back the money supply and spiking interest rates that inflation could be reduced. This set the stage for declining interest rates that continued until present. Now interest rates are near zero, back to where they were in the great depression. Graph attached Bankers learned their lesson. They have increased their power over government and will force deflation for the indefinite future. Obama has bought into their agenda although he is a socialist leaning liberal Black Muslim sympathizer. Blacks and Muslims are the poorest in the world-- they need inflation. Obama would like to inflate blacks more but the bankers paid for his electionand will pay forthe next president too, no matter which party wins. So Obama is helping the deflationbecause of money in politics. So contrary to their instincts, liberal Obama joins with liberal Bernanke to deflate the poor by helping rich bankers hoard money and pay themselves bonuses. It would probably be a worse deflation of the poor under the republicans -- reduction of food stamps, unemployment, social security, medicare, medicaid, etc. Bob Dole called for closingthe Republican Party for repairs http://www.realclearpolitics.com/video/2013/05/26/bob_dole_republican_party_should_put_a_sign_up_that_says_closed_for_repairs.html The article below is interesting. Schillings book is essential reading for those interested in inflationand deflation. There will probably be more deflation and concentrationof wealth in the hands of 1% rich bankers and others. There is actually much more deflation than what the government statistics indicate. http://www.bloomberg.com/news/2013-03-20/why-global-economies-face-an-age-of-deflation.html Why Global Economies Face an Age of Deflation By/*A. Gary Shilling*/ In recent years, monetary and fiscal stimulus across the world have led to the assumption that serious inflation, if not hyperinflation, is on its way. I believe chronic deflation is more likely. The expectation of rising prices is reasonable. Mostpeople have only experienced inflation. The last meaningful episode of deflation was in the 1930s. That’s also the last time the U.S. was truly at peace. Deflation is a peacetime phenomenon. The U.S.’s bouts of inflation, however, have historically occurred during wartime. That applies not only to shooting wars, but to theCold War and the War on Poverty. These are periods when vastoverspending by the federal government is combined with a robust private economy. These aren’t the conditions we have today, when government stimulus can’t offset private-sector weakness. In the 95 wartime years since 1749, wholesale price increases averaged 5.7 percent. In the 168 peacetime years, they fell 1.2 percent annually on average. As the U.S. withdraws from Iraq andAfghanistan and asdefense spending declines, peacetime conditions are likely to prevail. Furthermore, we tend to have biases that cloud our perception of inflation. When we pay higher prices, we think inflation is at work, but we believe lower prices are a result of our smart shopping and bargaining skills. Consumer Prices Even though deflation has been forestalled in the past decade, disinflation -- declining rates of inflation -- has prevailed since the early 1980s. Indeed, the consumer-price index fell in November and December and was unchanged in January. For February, the cost of living in the U.S. was up 0.7 percent, the first increase in four months and the biggest since June 2009. Nonetheless, expectations for inflation over the next 10 years are for a continued drop. Deleveraging: In a normal economy, chronic deflation would already be well established. Our global economy, however, is dominated by deleveraging in the private sector and financial institutions, and is highly deflationary. These actions are overpowering the effects of stimulus programs since 2007. Even with all the government measures, the U.K. is in a recession, as is the euro area. China ’s gross-domestic-product growth has slowed considerably and the U.S. reported a mere 0.1 percent annual increase in real GDP for the fourth quarter of 2012. The liquidity created bycentral banks is tiny compared with the destruction wrought by deleveraging financial sectors. The decline in securitizations is just one aspect of this contraction. Banks are eliminating or writing down off- balance-sheet vehicles substantially. Governments are increasingcapital requirements even as banks dump assets to raisecapital ratios . Increased Saving: The U.S. household-savings rate fell to 1 percent in 2005 from 12 percent in the early 1980s. This decline of about one-half a percentage point per year meant that consumer spending rose on average around a half percentage point faster than GDP, adding about the same growth to total economic activity once multiplier effects are included. U.S. imports drove growth in Asian and other export-led economies. Americans are now being forced to save more. First, as a result of the volatility in stocks
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Sunday, May 26, 2013

Inflation vs Deflation

Actually Bernanke is not a banker. He is a professor from a non-wealthy background. And like other poor people he is biased toward liking inflation such as others on the Princeton faculty such as Krugman, Blinder, Stiglitz, etc. But for esteem and money they get pushed into accepting more deflation than they would otherwise.

He should be enough of a theorist to know that inflation and deflation do not make any difference, per se. The main problem is unexpected inflation and deflation. People can shield themselves from inflation by contracts if they expect inflation. Similarly for deflation. Your quote on deflation must be out of context. He would be clear on whether it was expected, unexpected, who was doing the expecting and what models they were using for doing the expecting.

The talk on TV about inflation and deflation is mostly about unexpected inflation and deflation, not expected inflation and deflation. They are not clear in what they are saying, usually, because they are not clear on what they are thinking. That is one reason I avoid journalism, and I avoid even professors talking to journalists. They use words in different ways to appeal to various audiences that are not precise enough to determine if it is correct or not. I glance over headlines to get the general gist of what their presentations were about.

Once professors decide to be precise they drag out mathematics and equations with careful definitions. That will not be understandable to journalists lay persons so it is rarely done.

Anything Bernanke says must be taken in the context of Obama's powers and the congress. As I said liberals want inflation so he has to show some inflation, but not enough to anger the bankers that he represents. Thus the 2% goal.

There is no shortcut to understanding monetary economics. People have to spend 8 years in college after being born in a banking or business family, preferably. Some internships in business and banks and the federal reserve would help. These have to be the right colleges and banks. One has to move and live there. Then the jobs are boring and not well paid. The money is in the computer systems and trading systems. More math and engineering than politics and economics. So if a monetary economist says something it may not be worth listening.

There is no theory that says banks need inflation. Basic math and history shows the opposite is the case. Plunk some numbers into the gordon model and you will see that banks can go bankrupt under inflation very easily. RR=NR-IR basic identies such as that. I may write a little history on this on Veterans day.

Tangible-Asset Deflation: The big increase in commercial real estate in the 1980s was spurred by beneficial tax-law changes and by financial deregulation that allowed savings-and- loan banks to make commercial-real-estate loans. Deflation set in later that decade due to overbuilding and the changes in the 1986 tax law. Bad loans mounted and the S&L industry went bust. Today, commercial real estate is recovering, though inflation and deflation have occurred repeatedly in that sector since World War II

via The Five Ways Deflation Has Already Taken Hold - Bloomberg.

The Five Ways Deflation Has Already Taken Hold - Bloomberg

Of the seven varieties of deflation, five are already at work in the U.S. economy.

Commodity Deflation: In 2009 and 2010, the increases in commodity prices revived memories of the 1970s inflation spiral that resulted from the earlier mushrooming costs of the Vietnam War and the Great Society programs. Speculators and investors further inflated that bubble. Many pension and endowment funds, as well as individuals, became convinced that commodities were a legitimate investment class, like stocks and bonds, and they piled in and even doubled their bets as prices soared.

via The Five Ways Deflation Has Already Taken Hold - Bloomberg.

The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: Anat Admati, Martin Hellwig: 9780691156842: Amazon.com: Books

What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid.

Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned.

Admati and Hellwig seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms. The Bankers' New Clothes calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately.

via The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: Anat Admati, Martin Hellwig: 9780691156842: Amazon.com: Books.

Bankers New Clothes

What is wrong with today’s banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers’ New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid.

The book argues that we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. Banks are as fragile as they are not because they must be, but because they want to be–and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks.

via Bankers New Clothes.

More on Deflation

Banks are spreading the rumor of inflation to make it look like they are inflating when they are deflating you. Relentless propoganda.

Bernanke says he is inflating to deflect criticism that he is doing nothing. Yellin says give them 2%. Not much compared to the 70s. Volcker 78 really hit the economy. Roosevelt even more.

I can put my republican banker hat and argue for more deflation and cut taxes on the rich.
I can put my democrat economist hat on and argue for more inflation and boost taxes 94% on the rich.
I can see it both ways and fastidiously cultivate alternative ways of looking at issues.

Both miss the big problems in economics and finance and are not solid theories. Just news stuff that I studied as a teenager and haven't read in decades. If I were interested in the topic I would read Gary Schilling and similar to get a balanced perspective. But there are more important topics nowadays, and better theoretical structures than when Schilling was educated decades ago.

Every day I wish I did not buy something in the past because it is cheaper and/or better now. Look at the chromebook $199 better than my $1000 macbook for most people. Computer deflation is very important because computers are getting into everything and doing lots of work that people used to waste a lot of time on. Soon people will be completely deflated worthless eaters while the world will be run by computers and robots.

Deflation Depression. Or Inflation Boom.

Of course banks will try to impose deflation on you and everybody except themselves. They can write a 30 year mortgage at 3% and then use those interest payments to buy a dozen such houses at deflated prices while you are stuck with one at the end of that period.

Deflation can be a real boon to banks if they are allowed to force deflation to happen. That is what the song and dance in Washington DC is all about. Banks want deflation while liberals want inflation. I have watched inflation hysteria since the 1970s --- paying for Great Society Welfare, Vietnam war, Muslim oil, etc. when there really was inflation. Now Obama wants to give money to poor blacks for medical Obamacare which will drive up the spending and prices on medical care like food stamps drove up the price of food and Kuwait Iraq Afghan wars drove up the price of oil again,... While stingy Bernanke will only mildly stimulate the banks, just enough for banker bonuses and banks covering their new capital requirements imposed by Basle III. But the Obama deflation depression is so serious that even conservatives at the Fed moved are more inclined toward stimulus lately -- especially if they can benefit their broker buddies selling stocks and gold. If the economy does not improve then bankers know that Obama and the liberals can force more stimulus like Franklin D Roosevelt 94% tax rate on rich bankers to finance more welfare for the poor. However Obama has caved to the bankers and is not likely to get much on his social agenda and will have to cut war spending to even get that. The balance leans more toward deflation than inflation right now.

The rich and the Fed do not like to be told what to do. The Fed did not even tell congress what they were doing until the law forced them to do so. So the rich will allow a little inflation (2% Yellin the incoming Fed Chairwoman) and a lot of advertising to induce hyperinflation hysteria and to sell gold. Sheeple are always not always right! No matter how many bloggers agree with them.

There are some contrarians like me who sing a different tune than the lamestream media trying to convince you that we are in an inflationary boom so you should buy gold. Shilling is getting older but can still write ok. He is rich and not easily bought by used coin salesmen.


http://www.amazon.com/Age-Deleveraging-Updated-Investment-Strategies/dp/111815018X


Top economist Gary Shilling shows you how to prosper in the slow-growing and deflationary times that lie ahead

While many investors fear a rapid rise in inflation, author Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of de-leveraging and weak growth, which makes deflation far more likely and a far greater threat to investors than inflation. Shilling explains in clear language and compelling logic why the world economy will struggle for several more years and what investors can do to protect and grow their wealth in the difficult times ahead. The investment strategies that worked for last 25 years will not work in the next 10 years. Shilling advises readers to avoid broad exposure to stocks, real estate, and commodities and to focus on high-quality bonds, high-dividend stocks, and consumer staple and food stocks.

Written by one of today's best forecasters of economic trends-twice voted by Institutional Investor as Wall Street's top economist
Clearly explains what to invest in, what to avoid, and how to cope with a deflationary, slow-growth economy
Demonstrates how Shilling has been consistently right about major economic trends since he began forecasting in the early 1980s

Filled with in-depth insights and practical advice, this timely guide lays out a convincing case for why investors need to be prepared for a long period of weak growth and deflation-not inflation-and what you can do to prosper in the difficult times ahead.

A.Gary Shilling is President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor. He has been a columnist for Forbes magazine since 1983, frequently appears on business news programs, and is quoted regularly in the print media. Shilling has been warning about the long-term threat of deflation for several years and has even created a board game, aptly title The Deflation Game. He received his bachelor's degree from Amherst College and earned his master's degree and PhD in economics at Stanford University. Previously, Shilling was chief economist of White, Weld& Co, Inc. and set up the economics department at Merrill Lynch, Pierce, Fenner & Smith, where he served as the firm's first chief economist.

A. Gary Shilling, a Bloomberg View columnist, is president of A. Gary Shilling & Co., a consultancy in Springfield, New Jersey. He is the author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.”

While on the West Coast, he served on the staffs of the Federal Reserve Bank of San Francisco and the Bank of America. Before establishing his own firm in 1978, Shilling was senior vice president and Chief Economist of White, Weld & Co. Earlier, he set up the Economics Department at Merrill Lynch, Pierce, Fenner & Smith at age 29, and served as the firm’s first chief economist.

He has been cited repeatedly by The Wall Street Journal as one of the top bond-market analysts and stock forecasters. Twice, a poll of financial institutions conducted by Institutional Investor magazine ranked Shilling as Wall Street’s top economist. Futures magazine also ranked him the country’s number one Commodity Trading Advisor. And in 2003, MoneySense ranked him as the third best stock market forecaster, behind Warren Buffett.


http://www.bloomberg.com/news/2013-03-25/the-benefits-of-chronic-deflation.html

The Five Ways Deflation Has Already Taken Hold

Saturday, May 25, 2013

Coffee, Coconut fights Alzheimers and many diseases. Anti-viral anti-bacterial,...

I have coffee and coconut oil first thing every morning. That is about all I have so I stay in ketosis (fasting) most of the day. My brain works fine on ketones(as I discovered at age 19). Paleolithic caveman lived on fat all winter and most of the year. People must burn fat (their own) well or they would not have survived. A high saturated fat diet also fights cancer, heart disease, and most modern degenerative diseases.Coconut oil is also the most saturated fat and the most powerful natural antiviral around: coconut oil. The antiviral activity in coconut oil is unparalleled, even among the most resistant viruses. Destroys viruses that cause influenza, measles, herpes, mononucleosis hepatitis C, AIDS; bacteria that can cause stomach ulcers, throat infections, pneumonia, sinusitis, urinary tract infections, meningitis, gonorrhea, and toxic shock syndrome; fungi and yeast that lead to ringworm, candida, and thrush; and parasites that can cause intestinal infections such as giardiasis."http://www.naturalnews.com/026624_oil_coconut.html

http://www.adcs.org/research/eNewsLetter/ADIN_E-Newsletter_July_2012.pdf

“Moderate daily consumption of caffeinated coffee appears to be the best dietary option for long-term protection against Alzheimer’s memory loss,” “Coffee is cheap, readily available, easily gets into the brain, and has few side-effects for most of us. caffeine and coffee directly attack the Alzheimer’s disease process.” In addition to Alzheimer’s disease, moderate caffeine/coffee intake appears to reduce Parkinson’s disease, stroke, Type II diabetes, and breast cancer. A study tracking the health and coffee consumption of more than 400,000 older adults for 13 years, and published earlier this year in the New England Journal of Medicine, found that coffee drinkers reduced their risk of dying from heart disease, lung disease, pneumonia, stroke, diabetes, infections, and even injuries and accidents.

coconut oil in the treatment of Alzheimer's Disease. Coconut oil has medium chain triglycerides, which are a good source of energy, in the form of ketone bodies. Ketones are byproducts of the breakdown of fats in the body; small amounts are normally produced. However, ketone levels rise when you fast (which can lead to a state called ketosis), in response to low glucose intake.

http://www.dailymail.co.uk/health/article-2258665/Alzeimers-Can-coconut-oil-ease-Families-whove-given-loved-ones-swear-it.html

Most of the time our brains rely on glucose from carbohydrates, but if that isn’t available — because we haven’t eaten anything for a while or because we’re eating almost no carbohydrates — then our brain cells can switch to using the energy from our fat stores. This energy comes in the form of small molecules called ketones. ‘Coconut oil contains a lot of a particular sort of fat that our bodies can use to make more of the ketone “brain food”. 'It’s known as MCT (medium chain triglycerides)

He had been suffering from Alzheimer’s for eight years. The results after he started taking coconut oil were remarkable. ‘He began to get his short-term memory back,’ ‘His depression lifted, he became more like his old self. The problem he’d had with walking improved. An MRI scan showed his brain had stopped shrinking.’So what prompted her to use the oil in the first place? ‘Some years ago, I came across a small study suggesting that Alzheimer’s patients had a problem using glucose in the brain and that ketones could be an alternative source of fuel.

http://www.naturalnews.com/026624_oil_coconut.html
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Coffee, Coconut fights Alzheimers and many diseases. Anti-viral anti-bacterial,...

I have coffee and coconut oil first thing every morning. That is about all I have so I stay in ketosis (fasting) most of the day. My brain works fine on ketones(as I discovered at age 19). Paleolithic caveman lived on fat all winter and most of the year. People must burn fat (their own) well or they would not have survived. A high saturated fat diet also fights cancer, heart disease, and most modern degenerative diseases.Coconut oil is also the most saturated fat and the most powerful natural antiviral around: coconut oil. The antiviral activity in coconut oil is unparalleled, even among the most resistant viruses. Destroys viruses that cause influenza, measles, herpes, mononucleosis hepatitis C, AIDS; bacteria that can cause stomach ulcers, throat infections, pneumonia, sinusitis, urinary tract infections, meningitis, gonorrhea, and toxic shock syndrome; fungi and yeast that lead to ringworm, candida, and thrush; and parasites that can cause intestinal infections such as giardiasis."http://www.naturalnews.com/026624_oil_coconut.html http://www.adcs.org/research/eNewsLetter/ADIN_E-Newsletter_July_2012.pdf “Moderate daily consumption of caffeinated coffee appears to be the best dietary option for long-term protection against Alzheimer’s memory loss,” “Coffee is cheap, readily available, easily gets into the brain, and has few side-effects for most of us. caffeine and coffee directly attack the Alzheimer’s disease process.” In addition to Alzheimer’s disease, moderate caffeine/coffee intake appears to reduce Parkinson’s disease, stroke, Type II diabetes, and breast cancer. A study tracking the health and coffee consumption of more than 400,000 older adults for 13 years, and published earlier this year in the New England Journal of Medicine, found that coffee drinkers reduced their risk of dying from heart disease, lung disease, pneumonia, stroke, diabetes, infections, and even injuries and accidents. coconut oil in the treatment of Alzheimer's Disease. Coconut oil has medium chain triglycerides, which are a good source of energy, in the form of ketone bodies. Ketones are byproducts of the breakdown of fats in the body; small amounts are normally produced. However, ketone levels rise when you fast (which can lead to a state called ketosis), in response to low glucose intake. http://www.dailymail.co.uk/health/article-2258665/Alzeimers-Can-coconut-oil-ease-Families-whove-given-loved-ones-swear-it.html Most of the time our brains rely on glucose from carbohydrates, but if that isn’t available — because we haven’t eaten anything for a while or because we’re eating almost no carbohydrates — then our brain cells can switch to using the energy from our fat stores. This energy comes in the form of small molecules called ketones. ‘Coconut oil contains a lot of a particular sort of fat that our bodies can use to make more of the ketone “brain food”. 'It’s known as MCT (medium chain triglycerides) He had been suffering from Alzheimer’s for eight years. The results after he started taking coconut oil were remarkable. ‘He began to get his short-term memory back,’ ‘His depression lifted, he became more like his old self. The problem he’d had with walking improved. An MRI scan showed his brain had stopped shrinking.’So what prompted her to use the oil in the first place? ‘Some years ago, I came across a small study suggesting that Alzheimer’s patients had a problem using glucose in the brain and that ketones could be an alternative source of fuel. http://www.naturalnews.com/026624_oil_coconut.html
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Friday, May 24, 2013

Banks run government

Hey, Guess what? Banks are still running the government. The rich are getting richer. The poor will bail them out if they get into trouble. http://nyti.ms/12zPbnE New York Times: Banks’ Lobbyists Help in Drafting Financial Bills In a sign of Wall Street’s resurgent influence in Washington, bank lobbyists are aiding lawmakers in preparing legislation that softens financial regulations.

recovery of housing and business loans. Give QE3 money to veterans VA mortgages.

The attached graphs show: 1) Business loans have recovered almost to where they were before the Bush crash 2) People are paying down their credit cards -- delinquencies are the lowest in decades 3) Mortgage rates are the lowest in decades 4) More new housing is being started than any time since the crash but still not much, less than a million units. 5) Home mortgage delinquency rates are improving but still around 10%, the highest in decades. Trends are positive, but not completely out of the woods. If progress continues then Hilary Clinton will be the next president. People vote their wallets. People don't care about Benghazi. People want houses, etc. Republicans need to take some of the QE3 money going to banks and divert that money to voters. I never took a VA loan. There is a paperwork fee of several thousand dollars. QE3 money should pay such fees to help veterans get home loans. In fact QE3 is so much money the government should just pay off veteran loans. That would really stimulate the economy.
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Thursday, May 23, 2013

corporate profits and stock prices in the Obama boom

Corporate profits are exploding in the Obama boom -- much higher than the Clinton and Bush booms. Stock prices need to rise more to catch up to earnings. On the other hand a smooth steady price increase is better than overshooting equilibrium P/E ratio. Problem is humans get greedy and irrational. They usually bid prices up too high leading to a sharp correction. The chart shows that stock prices fall sharply after a bull market. Similar to what just happened in Gold and Silver.
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Top of the world live by the Dixie chicks

[youtube http://www.youtube.com/watch?v=ymlI2Ks_gYw&w=420&h=315]

British soldier hacked to death. Multiculturalism gone awry

Knives do not kill people. People kill people. Obama should not ban knives. However, religious fanatics are dangerous. Muslim fundamentalists are behind the recent attacks. Obama is too pro-Muslim because his father was a black Muslim. Multiculturalism is proving more trouble than it is worth in many countries Multiculturalism may be contributing to worsening of military performance in response to increasing attacks. [youtube http://www.youtube.com/watch?v=bt-ySTx3xH8&w=560&h=315] http://www.telegraph.co.uk/news/
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Wednesday, May 22, 2013

deflated Walmart slaves. Immigration reform. Re: fiat money, AI

Beautiful weather. I made a contact who worked inside Walmart HQ information technology. He says a whole building 1000 people is almost all Indians working for Indian salaries with the chance to "learn the American system." They get a dorm room and food. They do the work that "Americans do not want to do" according to the immigration reform propaganda. Computer programming jobs should pay well but not if they import slaves to work free or real cheap. This is the strategy of many technology companies and universities. Big shot professors import poor third world students who work free for 10 years in exchange for a dorm room, food, tuition, and a degree. Like the million dollar professors moving from UCLA to USC. http://www.latimes.com/news/local/la-me-usc-ucla-recruit-20130518,0,725550.story The rich are deflating both poor and middle class Americans. Illegal Mexicans working for $4 per hour in construction, housekeeping, gardening, etc. are depressing the wages of lower income Americans who end up on welfare and food stamps watching television until they get so fat that they die. College graduates get their jobs exported to India so they go to work at McDonalds where they cannot repay their college loans, so they eventually go bankrupt and join the poor on welfare and food stamps. Whether educated or unskilled labor, worker's wages get deflated so they cannot afford to pay much for anything, so prices slide. I think I heard on the radio that food stamps average $145 per month for a total cost of $80 billion per year for the 50 million recipients that roughly agrees with my calculations 133 = 80,000,000,000 / 50,000,000 /12 Food stamps raises food prices higher than they would be otherwise. And recipients eat more than they would otherwise -- not a good choice in view of rising obesity, diabetes and other diseases of excess consumption. I think the food stamps program (SNAP) should be completely eliminated. Let food prices deflate to market equilibrium prices. Give the poor 3 acres, a cow, a pig, chickens, and seeds. Would be much healthier than the junk food in stores as well as provide free exercise. http://www.fns.usda.gov/ORA/menu/Published/SNAP/FILES/Other/BuildingHealthyAmerica.pdf http://en.wikipedia.org/wiki/Supplemental_Nutrition_Assistance_Program#Costs I grew up on the math of "decision theory." Unfortunately they applied it to "how people do behave" more than "how people should behave." Amazing they could not statistically reject most such models that were obviously wrong. One big problem with this whole line of research was lack of data. Now some of that data is coming online. Called "big data." So I may actually get to use some of that math. i.e. Walmart handles a million transactions per hour. I would love to get my hands on this data http://en.wikipedia.org/wiki/Big_data#Private_sector Joe > Joe. > > a couple of brief comments on some of your recent emails: > > c1. i broadly agree that the current combination of fed policy and > presidential / congressional fiscal policy, is especially favorable > for the wealthy. i am working on developing some (practical, for me) > strategies which will let me tap into this flow of funds. > > c2. my opinion is: it would be better if the US leadership could > figure out a way of 'stabilizing' and 'stimulating' the economy which > incentivizes the middle class, requiring them to work hard and also > show some initiative (start small businesses etc). > > c3. you are certainly right that artificial intelligence is here > today, and has been (and is) responsible for building many sizable > fortunes, from huge (google, which is basically an AI company) to > quite respectable (pandora, whose competitive edge is AI music > selection algorithms). this trend is increasing. i should add that > the more or less classical mathematics of decision theory and > statistics is a large subset of this kind of AI. 'big data' is a > euphemism for AI. > > more later. >> >> I was working in this field 20 years ago and saw one of the first >> working demos in Berkeley "geometry recovery" as an input to "machine >> learning" that I heard an important seminar some years before then. >> The math is rather simple. It is everywhere now. A transcript of >> the 60 minutes show was on the internet a week before it aired. >> Cameras and computers have been getting cheaper for decades and >> everybody knew this was coming and there have been college classes >> addressing the subject for decades. "Moore's law" >> >> You don't have to give a photo of your face to Facebook. I uploaded >> photos of a bush and flowers. The government already has your photo >> from drivers licenses, military induction, arrests, etc. The >> government can already follow what you do by telephone (many >> decades), email (20 years), opening letters, following your car, >> every transaction you make, every store you visit (especially gun or >> gold stores), money laundering, etc. If you don't have a Facebook >> account the government may get suspicious that you have something to >> hide. >> >> For you and most people Facebook is easier to use than email which is >> why Facebook is replacing email. Facebook grabs links and just the >> right amount of each news article to let you know if you want to read >> more. Then it opens in a window fast at the right size. Photos get >> resized right. Lengthy text gets hidden so just the right amount >> shows. Facebook has a large staff to get this right. Enabled by >> advertising revenues. >> >> Google, Apple, Facebook etc. are private companies often at odds with >> the government. They want to make more fiat money so they give you >> the best possible product at the lowest possible price to get you to >> buy from them and use their services. >> >> Customers don't have to use them. There is a lot of competition. If >> they get too cozy with the government they will slow down (waste time >> dealing with lazy bureaucrats) and not be competitive and go >> bankrupt. Or if they violate privacy too much people will leave and >> they will go bankrupt. >> >> These free or cheap services can be useful if you use common sense. >> Don't brag about how you use gold to dodge taxes or money launder or >> put your nude photos online. Email is easier for the government to >> monitor than Facebook because email is much older and gets tossed >> onto the internet wires in ASCII predictable form instead of stuck in >> databases in the cloud in changing formats that are hard to >> understand. Phones are real easy to listen in to, by wiretaps. >> >> Facebook is ad supported. I don't mind a few ads. Their ads are >> often better than old-style ads, targeted to me. Let them make a >> little money off ads for awhile. They very well may go bankrupt in a >> few years when the next big thing comes along. In the meantime I get >> a free product. Deflation cannot be stopped. Free is the new >> normal. Or real cheap. >> >> Rich company owners want more fiat money so they give you a service >> that you need free if you watch some ads. Just like TV or radio. >> That model has worked for decades. I discovered my dumb phone has >> an FM radio. I get free news while walking. >> >> In some countries (Europe) companies have to get your permission to >> take your picture. Big strong government can be useful to control >> what companies do. May be a useful law in the USA so you can shop, >> eat, or go to a movie without being bombarded with customized >> advertisements. But that has not happened yet because the technology >> is not here yet. >> >> >> Last nights '60 Minutes' had a 'Facebook' 'Face Recognition' story ! >> Once your face is stored on Facebook, Corporations/Governments >> steal that image and feed it into a Super-Computer, so they can >> recognize you everywhere ! Cameras are multiplying fast, wherever >> you go! That is the future ! Total strangers will address you by >> name ! >> Every store you shop, every Restaurant you eat in ! Scary ! (Only >> Celebrities had that problem) >> Privacy gone ! >> I remember [in the Army] before Basic Training during data >> collecting, a soldier refused to give his fingerprints. He told >> me that it was illegal, unconstitutional ! He had never been >> fingerprinted ! >> I don't know what happened to him. >> We have come a long way since then, losing many more of our Rights. >> DNA bank next ? Chips are everywhere in our phones etc. (GPS) >> Cashless [society] banking will seal our total enslavement ! >> >> Sent from my iPad >> >>> As I have been saying. Survivalblog.com >>> has an entire article about how one >>> should not only avoid social networking but how to delist. Just >>> scroll down their main page and share with Joe. >>> >>> >>> >>> IRS mining eBay, Facebook, emails to catch cheaters | >>> Inman News >>> >>> Source: inman.com >>> >>> Is the IRS checking on your Facebook page? Quite possibly. The >>> IRS has discovered “big data.” In 2011, it created an Office of >>> Compliance Analytics that it has staffed with experts in data >>> analytics and predictive modeling. They have been busy working >>> with private partners like IBM to figure out ways to use the >>> mass of data available in the on-line world to catch tax >>> scofflaws. Big data is all the rage these days, and it seems >>> that everyone’s using it. But the IRS has one big advantage over >>> ever... >>> >>> >> >> >> >

Tuesday, May 21, 2013

fiat money for the rich 1%

Ron, Yes, the elites control society by their control of fiat money. Money and politics. The rich 1% use their fiat money to buy up productive assets. So over time they increase their ownership of the productive parts of the economy. And they buy up non-productive assets such as gold, silver, and bitcoins when prices are low so they can resell them at a profit to the sheeple during the next up-cycle. So the rich get more fiat money by taking it away from the poor by a variety of clever transactions. The rich inflate themselves by deflating the poor 99% who end up without enough money to pay much for products. The rich benefit from deflation because they lend out or otherwise invest their money. Under deflation the poor (who are in debt) will have to repay more valuable deflated dollars back to satisfy their loan contract -- a losing proposition. Because the rich own the banks and the federal reserve they get what they want -- deflation. The rich hoard money so that the poor cannot spend that money to push up inflation. There is no medium of exchange on the horizon that can replace the dollar. The rich and poor alike will continue to demand and use dollars. Europe has been warring states for thousands of years. The USA has not had a war between the states in 150 years. With an increasingly common language, culture, currency, and infrastructure it is unlikely to split apart. Even unwieldy California has needed to be split up for decades is still stuck together as one big state with little chance if getting split up. Other states even less so, or has not even been suggested even by the lunatic fringe. Regional differences are disappearing except where there has been a lot of immigration. Europe and the Euro are more vulnerable than USA and the dollar. I would not be surprised to see a breakup. That would strengthen the dollar and the US economy. Joe I agree with Amsel Rothschild in that control of the money supply and not laws are the key to controlling nations. The elites with ever expanding technology seek to create a centralized police state. Their wishes are not controlling because financially the western world is devolving into smaller units. Zealously attacking alternative currencies such as Bitcoin and gold and silver can only temporarily slow down the pace of dollar demise. The breakup of the Soviet Union in 1991 was a taste of what is to come. The increasing violence and chaos in the European Union is due to the absolute insistence of solidarity by Lagarde and their elite when the underpinning of the Euro specifically and dying IMF system in general will not support such a union. The Roman drachma held the disparate parts of that empire together and when the drachma was chipped and died so did the empire. I also believe as Professor Orlov has predicted that the U.S will break apart. The only thing that holds the U.S. together is the dollar based federal reserve system. As the value of the dollar so goes the union of the United States. The Elites believe that if a Police state is in place that a transition can be made to a new financial system and control eventually solidified. I do not believe this is possible even with the technology in place for such a police state. Increasing economic chaos in a large geographical area involving 320 million persons would prove unstoppable by a central authority without common financial underpinnings. Creating trillions in fiat dollars and directing that illusion of wealth only to parties on their side will eventually breakdown.

IRS mining eBay, Facebook, emails to catch cheaters

I was working in this field 20 years ago and saw one of the first working demos in Berkeley "geometry recovery" as an input to "machine learning" that I heard an important seminar some years before then. The math is rather simple. It is everywhere now. A transcript of the 60 minutes show was on the internet a week before it aired. Cameras and computers have been getting cheaper for decades and everybody knew this was coming and there have been college classes addressing the subject for decades. "Moore's law" You don't have to give a photo of your face to Facebook. I uploaded photos of a bush and flowers. The government already has your photo from drivers licenses, military induction, arrests, etc. The government can already follow what you do by telephone (many decades), email (20 years), opening letters, following your car, every transaction you make, every store you visit (especially gun or gold stores), money laundering, etc. If you don't have a Facebook account the government may get suspicious that you have something to hide. For you and most people Facebook is easier to use than email which is why Facebook is replacing email. Facebook grabs links and just the right amount of each news article to let you know if you want to read more. Then it opens in a window fast at the right size. Photos get resized right. Lengthy text gets hidden so just the right amount shows. Facebook has a large staff to get this right. Enabled by advertising revenues. Google, Apple, Facebook etc. are private companies often at odds with the government. They want to make more fiat money so they give you the best possible product at the lowest possible price to get you to buy from them and use their services. Customers don't have to use them. There is a lot of competition. If they get too cozy with the government they will slow down (waste time dealing with lazy bureaucrats) and not be competitive and go bankrupt. Or if they violate privacy too much people will leave and they will go bankrupt. These free or cheap services can be useful if you use common sense. Don't brag about how you use gold to dodge taxes or money launder or put your nude photos online. Email is easier for the government to monitor than Facebook because email is much older and gets tossed onto the internet wires in ASCII predictable form instead of stuck in databases in the cloud in changing formats that are hard to understand. Phones are real easy to listen in to, by wiretaps. Facebook is ad supported. I don't mind a few ads. Their ads are often better than old-style ads, targeted to me. Let them make a little money off ads for awhile. They very well may go bankrupt in a few years when the next big thing comes along. In the meantime I get a free product. Deflation cannot be stopped. Free is the new normal. Or real cheap. Rich company owners want more fiat money so they give you a service that you need free if you watch some ads. Just like TV or radio. That model has worked for decades. I discovered my dumb phone has an FM radio. I get free news while walking. In some countries (Europe) companies have to get your permission to take your picture. Big strong government can be useful to control what companies do. May be a useful law in the USA so you can shop, eat, or go to a movie without being bombarded with customized advertisements. But that has not happened yet because the technology is not here yet.


> Last nights '60 Minutes' had a 'Facebook' 'Face Recognition' story ! > Once your face is stored on Facebook, Corporations/Governments steal that > image and feed it into a Super-Computer, so they can recognize you > everywhere ! Cameras are multiplying fast, wherever you go! That is the > future ! Total strangers will address you by name ! > Every store you shop, every Restaurant you eat in ! Scary ! (Only > Celebrities had that problem) > Privacy gone ! > I remember [in the Army] before Basic Training during data collecting, a > soldier refused to give his fingerprints. He told me that it was illegal, > unconstitutional ! He had never been fingerprinted ! > I don't know what happened to him. > We have come a long way since then, losing many more of our Rights. > DNA bank next ? Chips are everywhere in our phones etc. (GPS) > Cashless [society] banking will seal our total enslavement ! > > Sent from my iPad > Peace,

> > Ron wrote: > > As I have been saying. Survivalblog.com has an entire article about how > one should not only avoid social networking but how to delist. Just scroll > down their main page and share with Joe. IRS mining eBay, Facebook, > emails to catch cheaters | Inman News > > Source: inman.com > > Is the IRS checking on your Facebook page? Quite possibly. The IRS has > discovered “big data.” In 2011, it created an Office of Compliance > Analytics that it has staffed with experts in data analytics and predictive > modeling. They have been busy working with private partners like IBM to > figure out ways to use the mass of data available in the on-line world to > catch tax scofflaws. Big data is all the rage these days, and it seems that > everyone’s using it. But the IRS has one big advantage over ever... > > > >

IRS mining eBay, Facebook, emails to catch cheaters

I was working in this field 20 years ago and saw one of the first working demos in Berkeley "geometry recovery" as an input to "machine learning" that I heard an important seminar some years before then. The math is rather simple. It is everywhere now. A transcript of the 60 minutes show was on the internet a week before it aired. Cameras and computers have been getting cheaper for decades and everybody knew this was coming and there have been college classes addressing the subject for decades. "Moore's law"

You don't have to give a photo of your face to Facebook. I uploaded photos of a bush and flowers. The government already has your photo from drivers licenses, military induction, arrests, etc. The government can already follow what you do by telephone (many decades), email (20 years), opening letters, following your car, every transaction you make, every store you visit (especially gun or gold stores), money laundering, etc. If you don't have a Facebook account the government may get suspicious that you have something to hide.

For you and most people Facebook is easier to use than email which is why Facebook is replacing email. Facebook grabs links and just the right amount of each news article to let you know if you want to read more. Then it opens in a window fast at the right size. Photos get resized right. Lengthy text gets hidden so just the right amount shows. Facebook has a large staff to get this right. Enabled by advertising revenues.

Google, Apple, Facebook etc. are private companies often at odds with the government. They want to make more fiat money so they give you the best possible product at the lowest possible price to get you to buy from them and use their services.

Customers don't have to use them. There is a lot of competition. If they get too cozy with the government they will slow down (waste time dealing with lazy bureaucrats) and not be competitive and go bankrupt. Or if they violate privacy too much people will leave and they will go bankrupt.

These free or cheap services can be useful if you use common sense. Don't brag about how you use gold to dodge taxes or money launder or put your nude photos online. Email is easier for the government to monitor than Facebook because email is much older and gets tossed onto the internet wires in ASCII predictable form instead of stuck in databases in the cloud in changing formats that are hard to understand. Phones are real easy to listen in to, by wiretaps.

Facebook is ad supported. I don't mind a few ads. Their ads are often better than old-style ads, targeted to me. Let them make a little money off ads for awhile. They very well may go bankrupt in a few years when the next big thing comes along. In the meantime I get a free product. Deflation cannot be stopped. Free is the new normal. Or real cheap.

Rich company owners want more fiat money so they give you a service that you need free if you watch some ads. Just like TV or radio. That model has worked for decades. I discovered my dumb phone has an FM radio. I get free news while walking.

In some countries (Europe) companies have to get your permission to take your picture. Big strong government can be useful to control what companies do. May be a useful law in the USA so you can shop, eat, or go to a movie without being bombarded with customized advertisements. But that has not happened yet because the technology is not here yet.



Last nights '60 Minutes' had a 'Facebook' 'Face Recognition' story !
Once your face is stored on Facebook, Corporations/Governments steal that image and feed it into a Super-Computer, so they can recognize you everywhere ! Cameras are multiplying fast, wherever you go! That is the future ! Total strangers will address you by name !
Every store you shop, every Restaurant you eat in ! Scary ! (Only Celebrities had that problem)
Privacy gone !
I remember [in the Army] before Basic Training during data collecting, a soldier refused to give his fingerprints. He told me that it was illegal, unconstitutional ! He had never been fingerprinted !
I don't know what happened to him.
We have come a long way since then, losing many more of our Rights.
DNA bank next ? Chips are everywhere in our phones etc. (GPS)
Cashless [society] banking will seal our total enslavement !












As I have been saying. Survivalblog.com has an entire article about how one should not only avoid social networking but how to delist. Just scroll down their main page and share with Joe.
IRS mining eBay, Facebook, emails to catch cheaters | Inman News
Source: inman.com

Is the IRS checking on your Facebook page? Quite possibly. The IRS has discovered “big data.” In 2011, it created an Office of Compliance Analytics that it has staffed with experts in data analytics and predictive modeling. They have been busy working with private partners like IBM to figure out ways to use the mass of data available in the on-line world to catch tax scofflaws. Big data is all the rage these days, and it seems that everyone’s using it. But the IRS has one big advantage over ever...



tornado maps

I live in an area protected from tornadoes by mountains. And I live in a valley that would block off most of the force. And I have a concrete block building to run to in case a tornado every arrives. I wonder if people pay enough insurance to live in areas with a high probability of tornadoes, floods, hurricanes, earthquakes, fires, etc. Or will the taxpayer pick up the bill? Obama got his photo-op. http://www.spc.noaa.gov/wcm/annualtornadomaps/ [gallery]

Saturday, May 18, 2013

silver price depression for 100 years.

Silver price is volatile but can be depressed for a long time. In the Great Depression 1932 silver price was only a third of prices 100 years before If people get too deflated they will sell metals to buy food.Asians living on less than $3 per day cannot afford to buy much gold or silver. If Obama can boom the economy that is bullish for silver -- people could buy more. Rich people buy when prices are low and sell when prices are high. Poor people buy when prices are high and sell when prices are low. Nobody knows whois long or short anything. Many big players do not have to report anything. Derivatives contracts are private, by law and custom. Sort oflike illegal gambling. Misleading news stories are planted to fleece gullible sheeple. [gallery]

march on washington to demand inflation!

There are about 20,000,000 veterans in the USA. Giveeach veteran $2000 per month and that is only $40,000,000,000 about what Bernanke is wasting on QE3 mortgage backedsecurities in the hands of bankers. Putthat money in the hands of veterans who deserve it, not the bankers! They will spend it to stimulate the economy and finally create some inflation and economic growth. http://en.wikipedia.org/wiki/Quantitative_easing#Amounts Below video on a similar situation during the great depression http://en.wikipedia.org/wiki/Bonus_Army The Bonus Army was the popular name of an assemblage of some 43,000 marchers — 17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C., in the spring and summer of 1932 to demand cash-payment redemption of their service certificates. [youtube http://www.youtube.com/watch?v=IiMuzkpT8Xs&w=420&h=315]

Facebook, politics, poems, images. : wade in lake ground electrons reduce inflammation

Ron, I think you would like Facebook -- an efficient way for groups of people to interact (you get to choose your groups). Facebook put a huge budget into designing the user interface. Lots of politics etc. especially from your friends. I am reconnecting with high school classmates, old family photos, etc. Politicians subscribe to scans of Facebook and other social networks before setting policies. If you want to have an impact you must say something. The best way is to get a job in Washington DC. But Blogs and Facebook are better than suffering in silence. An interesting phenomenon is such as the attached pictogram. People put text poems, witticisms, etc into a picture (sometimes with plain background). Sort of artistic. Forces economy of expression. iPhone apps do the same. I have been interested in making a product to do this for 10 years. Interesting to see how such products have taken off in the past 2 years. Ron, After walking 10 miles on a lakeside trail I also walk another mile in the lake at the beach -- water provides maximum electrical contact. I am suspicious of the theory below but can feel the difference. Lots of water and lakes around here so I will take advantage of it. Very clean, fresh water. Not much industry or population upstream. http://articles.mercola.com/sites/articles/archive/2012/11/04/why-does-walking-barefoot-on-the-earth-make-you-feel-better.aspx Grounding or Earthing is defined as placing one's bare feet on the ground (especially when humid or wet). When you ground to the electron-enriched earth, an improved balance of the sympathetic and parasympathetic nervous system occurs.The Earth is a natural source of electrons and subtle electrical fields, which are essential for proper functioning of immune systems, circulation, synchronization of biorhythms and other physiological processes and may actually be the most effective, essential, least expensive, and easiest to attain antioxidant.Modern science has thoroughly documented the connection between inflammation and all of the chronic diseases, including the diseases of aging and the aging process itself. It is important to understand that inflammation is a condition that can be reduced or prevented by grounding your body to the Earth, the way virtually all of your ancestors have done for hundreds if not thousands of generations. *Traditionally shoes were made of leather, which actually conducts electrons and therefore maintains a conductive contact between the Earth and your feet. However modern day rubber and plastics are electrical insulators and therefore block the beneficial flow of electrons from the Earth to your body*. The most important health consequence of Earthing is providing your body abundant electrons from the Earth. The scientific research and hypotheses related to Earthing point to a major impact on the inflammatory process as a result of this electron transfer. Your body has evolved a means to kill bacteria using reactive oxygen species (ROS) that are delivered to a site of injury by white blood cells. Although very effective at this task, ROS are also very reactive biochemically and can damage healthy tissues. ROS are usually positively charged molecules that need to be neutralized immediately to prevent them from diffusing into healthy tissues. That is one of the major reasons why your body needs an abundant supply of negative charges. Food based antioxidants like astaxanthin are helpful but a regular supply of electrons from the earth can supply them as well. Nature has solved this problem by providing conductive systems within your body that deliver electrons from your feet to all parts of your body. This has been the natural arrangement throughout most of human history. Negative charges have always been available, thanks to the Earth, to prevent the inflammatory process from damaging healthy tissues. All of this changed when we began to wear shoes with rubber and plastic soles, and no longer slept in direct contact with the Earth. A variety of measures of physiological stress show that the person who is grounded is less stressed and more relaxed. These measures demonstrate a shift from sympathetic to parasympathetic activation, reduction in muscle tension, and increased heart rate variability. Regardless whether or not grounding reduces exposure to environmental fields, these studies firmly demonstrate that Earthing does not stress the body; in fact, Earthing reduces every measure of stress used in studies. http://en.wikipedia.org/wiki/Mandarin_Duck [gallery]

wade in lake ground electrons reduce inflammation

Ron, After walking 10 miles on a lakeside trail I also walk another mile in the lake at the beach -- water provides maximum electrical contact. I am suspicious of the theory below but can feel the difference. Lots of water and lakes around here so I will take advantage of it. Very clean, fresh water. Not much industry or population upstream. http://articles.mercola.com/sites/articles/archive/2012/11/04/why-does-walking-barefoot-on-the-earth-make-you-feel-better.aspx Grounding or Earthing is defined as placing one's bare feet on the ground (especially when humid or wet). When you ground to the electron-enriched earth, an improved balance of the sympathetic and parasympathetic nervous system occurs.The Earth is a natural source of electrons and subtle electrical fields, which are essential for proper functioning of immune systems, circulation, synchronization of biorhythms and other physiological processes and may actually be the most effective, essential, least expensive, and easiest to attain antioxidant.Modern science has thoroughly documented the connection between inflammation and all of the chronic diseases, including the diseases of aging and the aging process itself. It is important to understand that inflammation is a condition that can be reduced or prevented by grounding your body to the Earth, the way virtually all of your ancestors have done for hundreds if not thousands of generations. *Traditionally shoes were made of leather, which actually conducts electrons and therefore maintains a conductive contact between the Earth and your feet. However modern day rubber and plastics are electrical insulators and therefore block the beneficial flow of electrons from the Earth to your body*. The most important health consequence of Earthing is providing your body abundant electrons from the Earth. The scientific research and hypotheses related to Earthing point to a major impact on the inflammatory process as a result of this electron transfer. Your body has evolved a means to kill bacteria using reactive oxygen species (ROS) that are delivered to a site of injury by white blood cells. Although very effective at this task, ROS are also very reactive biochemically and can damage healthy tissues. ROS are usually positively charged molecules that need to be neutralized immediately to prevent them from diffusing into healthy tissues. That is one of the major reasons why your body needs an abundant supply of negative charges. Food based antioxidants like astaxanthin are helpful but a regular supply of electrons from the earth can supply them as well. Nature has solved this problem by providing conductive systems within your body that deliver electrons from your feet to all parts of your body. This has been the natural arrangement throughout most of human history. Negative charges have always been available, thanks to the Earth, to prevent the inflammatory process from damaging healthy tissues. All of this changed when we began to wear shoes with rubber and plastic soles, and no longer slept in direct contact with the Earth. A variety of measures of physiological stress show that the person who is grounded is less stressed and more relaxed. These measures demonstrate a shift from sympathetic to parasympathetic activation, reduction in muscle tension, and increased heart rate variability. Regardless whether or not grounding reduces exposure to environmental fields, these studies firmly demonstrate that Earthing does not stress the body; in fact, Earthing reduces every measure of stress used in studies. http://en.wikipedia.org/wiki/Mandarin_Duck [gallery]

Thursday, May 16, 2013

IRS knows more. Cheaters will get caught. More taxes will get collected thus reducing the deficity

IRS computers are capable of scanning multiple networks at the same time to collect "matching" comprehensive profiles for every taxpayer in America. Such profiles will include shopping records, travel, social interactions and information not available to the public, such as health records and files from other government investigators, according to IRS documents. The IRS did not respond to written requests for information on its program. But George gave Congress an outline last April of the ambitious aims of its $1 billion "modernization" that gave it access to dozens of databases it has not previously used. "This capability is designed to feed into a single, consolidated taxpayer-account database that will support the deployment of the next generation of taxpayer service and enforcement functions," http://money.usnews.com/money/personal-finance/mutual-funds/articles/2013/05/01/irs-data-web-snares-mostly-low--and-middle-income-taxpayers IRS can draw on massive amounts of personal data it routinely compiles on peoples' electronic activities—everything from credit card transactions to Facebook postings. Most recently, the American Civil Liberties Union says it has IRS documents that reveal the IRS believes it has the legal authority even to open private emails without people's knowledge and sometimes without a warrant. The agency has invested heavily in a new technology now coming online to fully exploit new powers to mine personal data that became law five years ago. But the agency has been quiet about what it has been doing. "They hold their cards pretty close to the vest at the IRS," says Bill Smith, managing director at the accounting firm CBIZ MHM. "It's not clear what they are using and how. But for sure don't brag on Facebook about how you are cheating. The IRS can see that. They are not idiots." The IRS has brought in private industry experts to employ similar digital tracking—but with the added advantage of access to Social Security numbers, health records, credit card transactions and many other privileged forms of information that marketers don't see. • Charting and analyzing social media such as Facebook • Targeting audits by matching tax filings to social media or electronic payments • Tracking individual Internet addresses and emailing patterns • Sorting data in 32,000 categories of metadata and 1 million unique "attributes" • Machine learning across "neural" networks • Statistical and agent-based modeling • Relationship analysis based on Social Security numbers and other personal identifiers

UCSB: STRONG MASCULINE MEN More Likely TO LOVE LIBERTY – WEAK, METROSEXUAL, MOMMA’S BOYS More Likely Statists

I am not surprised. Free complete paper downloadable athttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=1798773 http://www.secretsofthefed.com/study-strong-masculine-men-more-likely-to-love-liberty-weak-metrosexual-mommas-boys-more-likely-statists/ Men who are physically strong are more likely to have right wing political views Weaker men more likely to support welfare state and wealth redistribution Link may reflect psychological traits that evolved in our ancestors Strength was a proxy for ability to defend or acquire resources There is no link between women’s physical strength and political views Men who are physically strong are more likely to take a right wing political stance, while weaker men are inclined to support the welfare state, according to a new study. Researchers discovered political motivations may have evolutionary links to physical strength. Men’s upper-body strength predicts their political opinions on economic redistribution, according to the research. The principal investigators – psychological scientists Michael Bang Petersen, of Aarhus University in Denmark, and Daniel Sznycer, of the University of California in the U.S., believe that the link may reflect psychological traits that evolved in response to our early ancestral environments and continue to influence behaviour today. Professor Petersen said: ‘While many think of politics as a modern phenomenon, it has – in a sense – always been with our species.’ In the days of our early ancestors, decisions about the distribution of resources were not made in courthouses or legislative offices, but through shows of strength. With this in mind, Professor Petersen and Professor Sznycer hypothesised that upper-body strength – a proxy for the ability to physically defend or acquire resources – would predict men’s opinions about the redistribution of wealth. The researchers collected data on bicep size, socio-economic status, and support for economic redistribution from hundreds of people in the United States, Argentina and Denmark. In line with their hypotheses, the data revealed that wealthy men with high upper-body strength were less likely to support redistribution, while less wealthy men of the same strength were more likely to support it. Men with less upper body strength are more likely to support the welfare state http://www.cep.ucsb.edu/researchers/Sznycer.html

Angelina Jolie Hoax P.R. Stunt

A hoax. She got paid off. She is not dumb enough to mutilate herself for a pair of falsies that she does not need. BRCA is bogus but makes money off people who would rather sit for Obamacare tests and surgery paid for by taxpayers instead of making themselves work on diet and exercise. http://www.naturalnews.com/040365_Angelina_Jolie_gene_patents_Supreme_Court_decision.html