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Clifford Taylor Fleischbein has been in full-time self-employment since 1975 earning revenue as a entrepreneur consultant, with the most recent passage of twenty years generating income from On-demand services for Information technology consulting, Database Management, Marketing, Change Management, and Customer relationship management job projects.

Threats to Global Economic Recovery Warning From G-20 Economists

G20 warns of threats to global economic recovery

DOW JONES NEWSWIRES  18 APR, 4:40 AM
ECONOMY GLOBAL NEWS

The world’s top finance leaders warned Friday that currency volatility, low inflation and high debt levels threaten to undermine an already uneven global economic recovery.

In an official statement after two days of meetings, finance ministers and central bankers from the Group of 20 largest economies backed more easy-money policies in wealthy nations as critical accelerants for growth.

 “In many advanced economies, accommodative monetary policies are needed to anchor inflation expectations and support recovery,” said the G-20 statement.

The G-20, which acts as the world’s economic executive board, affirmed its support for central bank stimulus in Europe, Japan and the US Officials are increasingly worried that the global economy could get stuck in a long period of anemic output, given the slowdown in many of the largest emerging markets that have been key drivers of global growth.

But as the US Federal Reserve contemplates when it should start raising borrowing costs for the first time in nearly a decade, the G-20 expressed concern that an easy-money exit could send shock waves through markets across the globe.

 “In an environment of diverging monetary policy settings and rising financial-market volatility, policy settings should be carefully calibrated and clearly communicated to minimize negative spillovers,” the group said.

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk.

After finance officials wrapped up three days of talks, the International Monetary Fund’s policy committee set a goal of working toward a “more robust, balanced and job-rich global economy” while acknowledging growing risks to achieving that objective.

The Greek finance minister, Yanis Varoufakis, held a series of talks with finance officials on the sidelines of the spring meetings of the 188-nation IMF and World Bank, trying to settle his country’s latest crisis.

Mario Draghi, head of the European Central Bank, said it was “urgent” to resolve the dispute between Greece and its creditors.

A default, he said, would send the global economy into “uncharted waters” and the extent of the possible damage would be hard to estimate. He told reporters that he did not want to even contemplate the chance of a default.

Earlier in the week, IMF Managing Director Christine Lagarde had rejected suggestions that her agency might postpone repayment deadlines for Greece. On Saturday, she cited constructive talks with Varoufakis and said the goal was to stabilize Greece’s finances and assure an economic recovery and “make sure the whole partnership hangs together” between Greece and its creditors.

In its closing communique, the policy-setting panel for the World Bank expressed concerns about the unevenness of global growth and pledged to work with the IMF to provide economic support for poor nations that have been hit hard by falling commodity prices.

But international aid group Oxfam expressed disappointment that the IMF and World Bank did not devote more time to exploring ways to lessen widening income gaps.

“Given that rising inequality continues to make the headlines everywhere in the world, it is surprising how the issue remained almost totally absent from these spring meetings,” said Nicolas Mombrial, head of the Washington office of Oxfam International.

Greece is in negotiations with the IMF and European authorities to receive the final 7.2 billion euro ($7.8 billion) installment of its financial bailout. Creditors are demanding that Greece produce a credible overhaul before releasing the money.

The country has relied on international loans since 2010. Without more bailout money, Greece could miss two debt payments due to the IMF in May and run out of cash to pay government salaries and pensions.

Fears that Greece could default and abandon the euro currency group sent shockwaves through global markets Friday. After being down nearly 360 points, the Dow Jones industrial average recovered a bit to finish down 279.47.

U.S. Treasury Secretary Jacob Lew said that a Greek default would “create immediate hardship” for Greece and damage the world economy.

In a speech Saturday to the IMF panel, Lew urged South Korea, Germany, China and Japan to do more to increase consumer demand in their own countries instead of relying on exports to the United States and elsewhere for growth.

 “We are concerned that the global economy is reverting to the pre-crisis pattern of heavy reliance on U.S. demand for growth,” Lew said. “As we all know, such a pattern will not lead to strong, sustainable and balanced global growth.”

The negotiations over Greece’s debt have proved contentious but all sides have expressed optimism that the differences can be resolved.

A number of countries directed criticism toward the U.S. for the failure of Congress to pass the legislation needed to put into effect IMF reforms that would boost the agency’s capacity to make loans and increase the voting power of such emerging economic powers as China, Brazil and India.

Agustin Carstens, the head of Mexico’s central bank and the chair of the IMF policy panel, said that “pretty much all of the members expressed deep disappointment” that a failure of Congress to act is blocking implementation of the reforms. The IMF panel directed IMF officials to explore whether any interim reforms could be put into effect pending congressional action.

The finance ministers urged central banks including the Federal Reserve to clearly communicate future policy changes to avoid triggering unwanted turbulence in financial markets.

Lagarde told reporters Saturday that the Federal Reserve had made it clear that it planned to “always communicate and help everybody anticipate” its future moves on interest rates.

Fed Chair Janet Yellen along with Lew represented the U.S. at the finance meetings.

___  Associated Press writer Luis Alonso contributed to this report.

Group of 20 leaders back more easy-money policies German Finance Minister Wolfgang Schäuble, right, and U.S. Federal Reserve chairwoman Janet Yellen at the IMF/World Bank spring meetings in Washington on Friday. ENLARGE German Finance Minister Wolfgang Schäuble, right, and U.S. Federal Reserve chairwoman Janet Yellen at the IMF/World Bank spring meetings in Washington on Friday.
Group of 20 leaders back more easy-money policies
German Finance Minister Wolfgang Schäuble, right, and U.S. Federal Reserve chairwoman Janet Yellen at the IMF/World Bank spring meetings in Washington on Friday. ENLARGE
German Finance Minister Wolfgang Schäuble, right, and U.S. Federal Reserve chairwoman Janet Yellen at the IMF/World Bank spring meetings in Washington on Friday.

WASHINGTON—The world’s top finance leaders warned Friday that currency volatility, low inflation and high debt levels threaten to undermine an already uneven global economic recovery.

In an official statement after two days of meetings, finance ministers and central bankers from the Group of 20 largest economies backed more easy-money policies in wealthy nations as critical accelerants for growth.

“In many advanced economies, accommodative monetary policies are needed to anchor inflation expectations and support recovery,” the G-20 said.

The G-20 affirmed its support for central-bank stimulus in Europe, Japan and the U.S. Officials are increasingly worried that the global economy could get stuck in a long period of anemic output, given a weak recovery in some rich countries and a slowdown in many of the largest emerging markets that have been key drivers of global growth.

The International Monetary Fund warned this past week that if the Federal Reserve raised short-term rates sooner or more quickly than markets anticipate, it could cause a rapid jump in longer-term interest rates and a whirlwind of volatility as investors adjust their portfolios across assets and markets.

 

The IMF noted the large gap between the Fed’s expectations for rate increases and market expectations.

Renewed G-20 support for easy-money policies—essentially backing currency depreciation as a tool for promoting growth—underscores concern about the global economy getting stuck in a low-growth rut. It also marks an implicit acknowledgment of the failure across the globe to enact longer-lasting structural overhauls to major economies after years of relying on short-term spending and other temporary stimulus programs.

Treasury Secretary Jacob Lew, in a statement prepared for the IMF’s policy-setting committee, warned that long-standing efforts to rebalance the global economy are at risk given the reliance of key economies on exports. Some economies “appear increasingly dependent on external demand to boost growth, rather than pursuing more balanced policies to catalyze domestic demand,” Mr. Lew said. “We are concerned that the global economy is reverting to the precrisis pattern of heavy reliance on U.S. demand for growth.”

The dollar has surged in the past year as the U.S. economy has shown signs of strengthening and markets expect the Fed to raise rates. Combined with weak growth and aggressive easy-money policies in Europe and Japan, the U.S. currency has experienced one of the fastest and strongest surges in decades.

Still, U.S. officials are concerned enough about a prolonged stagnation in its leading trading partners that they have encouraged easy-money policies overseas even though the subsequent dollar strengthening weighs on American exports and growth.

In its latest outlook published this week, the IMF said global economic growth will accelerate only marginally this year as slowing output in major emerging markets and a feeble expansion in wealthier countries drag down near-term prospects.

The low-growth worry is also trumping other risks fomenting in global markets amid the accelerating divergence in exchange-rate values and interest rates. For example, many emerging markets bulked up on dollar-denominated debt, a liability that increases with the rise of the dollar’s value, especially for emerging-market governments and firms whose revenue are in local currencies. Some countries have also pegged the value of their currencies to the dollar, damping their competitiveness and growth prospects.

Those competing pressures are putting authorities in policy binds, and could “trigger a cascade of disruptive adjustments,” the IMF said.

Write to Ian Talley at ian.talley@wsj.com

The Harbinger: the Ancient Mystery that Holds the Secret of America’s Future

Source: The Harbinger by Jonathan Cahn
(Frontline Publishing, 2011)

Harbinger-logo

Is it possible, that early prophecies from the Bible such as Isaiah 9:7-10:4 and particularly Isaiah 9:10  are a foreshadowing of holy principles seen first in the historic life of Israel 3,000 years ago are now playing out again upon America?

Is it possible that there exists an ancient mystery that holds the secret of America’s future?  That this mystery is behind everything from 9/11 terrorist attack to the collapse of the global economy?  That GOD is now sending a prophetic message on which America’s future hangs?

Before its end as a nation, there appeared in ancient Israel a series of specific omens and signs warning of destruction — these same Nine Harbingers are now manifesting in America with profound ramifications for America’s future and end-time prophecy.

Hidden in an ancient biblical verse from the Book of Isaiah, the mysteries revealed in the book The Harbinger are so precise that they foretell recent American events down to the exact days… the 3,000-year old mystery that revealed the exact date of the stock market collapse of 2008… the ancient prophecy that was proclaimed from the floor of the US Senate and then came true… and more.  The revelations are so specific that even the most hardened skeptic will find it hard to put down.  Though it sounds like the plot of a Hollywood thriller — it’s real.

Written in a riveting narrative style, The Harbinger opens with the appearance of a man burdened with a series of messages he has received in the form of nine seals.  Each seal unveils a prophetic mystery concerning America and its future that takes the reader on an amazing journey that will change the way one will see the world and events, forever.

Isaiah 9:10

The bricks have fallen
But we will rebuild with hewn stone;
The sycamores have been cut down,
Be we will plant cedars in their place.

Isaiah 9:11

Therefore the Lord shall setup
The adversaries of Rezin against him,
And spur his enemies on.

The Isaiah 9:10 Effect

The attempt of a nation to defy the course of its judgement, apart from repentance, will instead, set in motion a chain of events to bring about the very calamity it sought to avert.

The Isaiah 9:10 Effect begins with the nation’s response to the first calamity.  The Effect starts with the proclaiming of the vow on Capitol Hill.  As ancient Israel had attempted to defy the consequences of its first calamity… so did America.

 

All The Presidents’ BANKERS: The Hidden Alliances That Drive American Power

Who Rules America?

 All The Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.

Culled from original presidential archival documents, All The Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics, or greed driving bankers.

The author, Nomi Prins, ushers the reader into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers.  She unravels the multi-generational blood, intermarriage, and protege relationships that have confined national influence to a privileged cluster of people.  These families and individuals recycle their power through elected office and private channels in Washington, DC.

All the Presidents’ Bankers sheds new light on pivotal historic events, such as why, after the Panic of 1907, America’s dominant bankers convened to fashion the Federal Reserve System; how J.P. Morgan’s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt’s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.

Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed America’s superpower status and expansion abroad, while promoting broadly democratic values and social welfare at  home.  But from the 1970s, Wall Street’s rush to secure Middle East oil profits altered the nature of political-financial alliances.  Bankers’ profit motive trumped heritage and allegiance to public service, while presidents lost control over the economy, as was dramatically evident in the financial crisis of 2008.

The unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation.  All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power.  Prins leaves the reader with an ominous choice: either we break the alliances of the power elite, or they will break us.

Don’t Mess With The Old People and Don’t Audit Grandpa

Don’t audit Grandpa

The IRS decides to audit Grandpa, and summons him to the IRS office.  The IRS auditor was not surprised when Grandpa showed up with his attorney.  The auditor said, ‘Well, sir, you have an extravagant lifestyle and no full-time employment, Which you explain by saying that you win money gambling. I’m not sure the IRS finds that believable.’

I’m a great gambler, and I can prove it,’ says Grandpa. ‘How about a demonstration?’  The auditor thinks for a moment and said, ‘Okay. Go ahead.’  Grandpa says, ‘I’ll bet you a thousand dollars that I can bite my own eye.’  The auditor thinks a moment and says, ‘It’s a bet.’  Grandpa removes his glass eye and bites it. The auditor’s jaw drops……

Grandpa says, ‘Now, I’ll bet you two thousand dollars that I can bite my other eye.’  Now the auditor can tell Grandpa isn’t blind, so he takes the bet.  Grandpa removes his dentures and bites his good eye.
The stunned auditor now realizes he has wagered and lost three grand, with Grandpa’s attorney as a witness. He starts to get nervous.

‘Want to go double or nothing?’ Grandpa asks ‘I’ll bet you six thousand dollars that I can stand on one side of your desk, and pee into that wastebasket on the other side, and never get a drop anywhere in between.’  The auditor, twice burned, is cautious now, but he looks carefully and decides there’s no way this old guy could possibly manage that stunt, so he agrees again.

Grandpa stands beside the desk and unzips his pants, but although he strains mightily, he can’t make the stream reach the wastebasket on the other side, so he pretty much urinates all over the auditor’s desk.  The auditor leaps with joy, realizing that he has just turned a major loss into a huge win.

But Grandpa’s own attorney moans and puts his head in his hands.

‘Are you okay?’ the auditor asks.

‘Not really,’ says the attorney. ‘This morning, when Grandpa told me he’d been summoned for an audit, he bet me twenty-five thousand dollars that he could come in here and piss all over your desk and that you’d be happy about it!’

I keep telling you! Don’t Mess with Old People!!

NOW, the original..

1-Paddys-audit-pisses-on-desk

2-Paddys-audit-pisses-on-desk

3-Paddys-audit-pisses-on-desk

4-Paddys-audit-pisses-on-desk

PADDY’S AUDIT CARTOON BASED ON THE JOKE:

The Inland Revenue decides to audit Paddy, and
summons him to an appointment with the most thorough
auditor in the office. The auditor is not surprised
when Paddy shows up with his solicitor.

The auditor says, ‘Well, sir, you have an
extravagant lifestyle and no full-time employment,
which you explain by saying that you win money
gambling.. I’m not sure the Inland Revenue finds that
believable.’

‘I’m a great gambler, and I can prove it,’ says Paddy. ‘How about a demonstration?’
The auditor thinks for a moment and says, ‘Okay. You’re on!’
Paddy says, ‘I’ll bet you a thousand pound that I can bite my own eye.’
The auditor thinks a moment and says, ‘No way! It’s a bet.’
Paddy removes his glass eye and bites it.
The auditor’s jaw drops.
Paddy says, ‘Now, I’ll bet you two thousand pound that I can bite my other eye.’

The auditor can tell Paddy isn’t blind, so he takes the bet.

Paddy removes his dentures and bites his good eye.

The stunned auditor now realises he has
bet and lost three thousand quid, with Paddy’s
solicitor as a witness. He starts to get nervous.

‘Would you like to go double or nothing?’ Paddy
asks. ‘I’ll bet you six thousand pound that I can stand on one side
of your desk and piss into that rubbish bin on the
other side, and never get a drop anywhere in between.’

The auditor, twice burned, is cautious now, but he
looks carefully and decides there’s no way Paddy can
manage that stunt, so he agrees again.
Paddy stands beside the desk and unzips his
trousers, but although he strains for all his worth
he can’t make the stream reach the bin on the
other side, so he pretty much urinates all over the
auditor’s desk.

The auditor leaps with joy, realising that he has just turned a major loss into a big win.

But Paddy’s solicitor moans and puts his head in his hands.
‘Are you okay?’ the auditor asks.
‘Not really,’ says the solicitor.

‘This morning, when Paddy told me he’d been summoned for an audit, he bet me £20,000 that he could come in here and piss all over your desk – and that you’d be happy about it.’

Simple Minds – Don’t You (Forget About Me)

From the movie: The Breakfast Club (02-1985)

 

 

Hey, hey, hey ,hey
Ohhh…

Won’t you come see about me?
I’ll be alone, dancing you know it baby

Tell me your troubles and doubts
Giving me everything inside and out and
Love’s strange so real in the dark
Think of the tender things that we were working on

Slow change may pull us apart
When the light gets into your heart, baby

Don’t You Forget About Me
Don’t Don’t Don’t Don’t
Don’t You Forget About Me

Will you stand above me?
Look my way, never love me
Rain keeps falling, rain keeps falling
Down, down, down

Will you recognise me?
Call my name or walk on by
Rain keeps falling, rain keeps falling
Down, down, down, down

Hey, hey, hey, hey
Ohhhh…..

Don’t you try to pretend
It’s my feeling we’ll win in the end
I won’t harm you or touch your defenses
Vanity and security

Don’t you forget about me
I’ll be alone, dancing you know it baby
Going to take you apart
I’ll put us back together at heart, baby

Don’t You Forget About Me
Don’t Don’t Don’t Don’t
Don’t You Forget About Me

As you walk on by
Will you call my name?
As you walk on by
Will you call my name?
When you walk away

Or will you walk away?
Will you walk on by?
Come on – call my name
Will you all my name?

I say :
La la la…
When you walk on by…
And you call my name…