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Gold and Silver • Why Has $1 Billion in Gold been Shipped from New York to Sou

Why Has $1 Billion in Gold been Shipped from New York to South Africa?
Posted on May 14, 2013

http://libertyblitzkrieg.com/2013/05/14 … th-africa/

In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New York to some undisclosed location in South Africa. While it remains unclear what purpose this gold serves, it seems the most likely explanation is to fulfill demand for Krugerrands (South Africa’s popular gold bullion coin) to meet elevated demand in the face of constricted mine production. This story is timely coming on the heels of the article I posted yesterday about how Dubai’s gold demand is running at 10x normal levels. This is a bizarre story, so if anyone has further color I’d love to hear it. From Quartz:

Examining US trade data, we were surprised to see that South Africa’s $402 million trade surplus with the United States in January had turned into a $689 million deficit by March. Why?

It turns out the $1.1 billion swing is entirely due to unusual shipments of gold from the US to South Africa in February and March. So far this year, 20,013 kg of unwrought gold, worth $982 million, has left John F. Kennedy International Airport (JFK), in New York, for somewhere in South Africa, according to the US Census Bureau’s foreign trade division. (Unwrought gold includes bars created from scrap as well as cast bars, but not bullion, jewelry, powder, or currency.)

The shipments from JFK were the only unwrought gold to leave the US for South Africa in 2013; another large shipment occurred in September 2012.

However, the strikes that rocked South Africa’s mining industry last year briefly caused gold output to fall sharply, around the same time as last autumn’s big gold shipment from JFK. Overall 2012 production declined by a relatively modest 6% (pdf) over the year before, according to a preliminary figure from the US Geological Survey; but those first estimates have sometimes proven wide of the mark. (In 2009 the USGS estimated South Africa’s 2008 production to be 250 tons; it subsequently revised the figure to 213 tons.) So it could be that the strikes dealt a more severe blow to the country’s gold industry than the data show.

Still, even if gold output did fall precipitously, it’s not clear why South Africa would need to start importing it. One possible destination for the gold is the South African Mint, which produces legal-to-own gold coins called Krugerrands; the gold used in them is first refined by the Rand refinery. Calls to the South African embassy in Washington, DC were not returned.

Meanwhile how about this chart, courtesy of the Quartz article.

Full article here.

In Liberty,
Mike

Statistics: Posted by DIGGER DAN — Thu May 16, 2013 10:58 pm


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American • From Rags to Riches on You and Your Neighbor’s Tax Dollars

80% of Dept. of Energy loans went to companies owned by or connected to President Barack Obama’s top campaign fundraisers
From Rags to Riches on You and Your Neighbor’s Tax Dollars

By Jerry McConnell

Thursday, May 16, 2013

The wheels of TRUE justice, not those of the Obama-Holder unJustice Department, are beginning to move, if ever so slightly; but moving they do appear to be. With all the roadblocks the dastardly duo of Obama and Holder are placing in the path of progress, it’s a wonder that they are moving at all.

Those two conniving chameleons of corruptness and chicanery run the most illegitimate department of justice in the history of this one-time great country (BO – Before Obama). In fact, to call it the Justice Department is the most improper and nonfactual title that could be bestowed on it. Justice does not dwell within its parameters.

It is only fitting that officials holding office in the Congressional House of Representatives are finally stirring with comments that include the word ‘impeachment’. It is about time and probably close to FIVE years late; but I shouldn’t be saying “late” as it is NEVER too late to bring daylight to the dark and mysterious corridors of that terribly mismanaged and mishandled Executive Department. The apparent sins of the Treasury Department’s former tax-Cheat Secretary and currect Internal Revenue Service are childish when compared to the unJustice Department.

As columnist Wynton Hall has stated in a TownHall.com column “Report: Obama Spent $11.45 Million per ‘Green Job’ Created” online on May 08, 2013, that alone should have been enough ammunition for a legitimate Justice Department to get ITS wheels moving. But alas, no such thing at the Obama-Holder vice den of obfuscation and corruption.

Truthfully, the entire Energy Department loan guarantee program has been a veritable money fountain of wealth to Obamanistas and the man himself. As Wynton Hall says in his TownHall.com column: “In 2008, then-candidate Barack Obama promised to create 5 million “green jobs” if elected president. However, an analysis by the Institute for Energy Research (IER) finds that since 2009, the Department of Energy’s (DOE) $26 billion loan program created just 2,298 permanent jobs, at a cost of $11.45 million per job created.”

Any way you look at it two thousand, two hundred and ninety eight green jobs is one hell of a long way from FIVE MILLION green jobs; in other words, four million, nine hundred ninety seven thousand, seven hundred and two jobs short. And Obama PROMISED to CREATE FIVE MILLION GREEN JOBS. So far as I know the ONLY promise he has fulfilled during his whirlwind campaign prior to the election in November 2008 is that he would take care of his constituents and with 47 million of them on food stamps today he is keeping his word; AT OUR EXPENSE.

But let’s look at the BIG picture. That number of less than 3,000 jobs at $11.45 million per job comes to a total of $26.3 BILLION. Now you, Mr. and Mrs. Taxpayer are paying for those jobs. That’s your $26 billion plus that you paid in taxes with the honest expectation that it would be spent honestly; but you were wrong; DEAD WRONG! When this Administration smells or sees money they can figure a lot of ways to make it disappear. And their always-ready-to-collude, party members, are fully complicit.

As Mr. Hall states, “The losers are the American workers who would otherwise be gainfully employed but for the tremendous waste of taxpayer dollars on the administration’s obsession with ‘green energy,’” said Institute for Energy Research (IER) Policy Associate Alex Fitzsimmons. “As the economy continues to suffer and dollars for federal programs get harder to come by, it is getting increasingly difficult to defend a program that costs so much and produces so little.”

How many times has Obama passed billions of dollars on the “greening” of America only to see his campaign financiers take to create “green” corporations and then see them go belly up with all those tax dollars disappearing into thin air and Obama donors’ pockets.

In his New York Times bestselling book “Throw Them All Out”, Government Accountability Institute President Peter Schweizer revealed that 80% of Department of Energy loans went to companies owned by or connected to President Barack Obama’s top campaign fundraisers.

Read that again – EIGHTY PERCENT OF THE DOE LOANS WENT TO OBAMA’S FUNDRAISERS. Who knows how much was skimmed off in the process.

Don’t forget, Obama came into politics from a job as a street hustler for public service, traditionally exceptionally POORLY paid work; today he is worth multi-millions. You do the math. It’s your money he has now and he is the only one still smiling in America.

SUCKER! How do you like that title, Mr. and Mrs. America?

http://canadafreepress.com/index.php/article/55266

Statistics: Posted by yoda — Thu May 16, 2013 4:04 pm


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International News • Amazon received more money from UK grants than it paid in c

Amazon received more money from UK grants than it paid in corporation tax
Amazon is on a fresh collision course over its contribution to the UK exchequer, after the American internet giant revealed it received more money in government grants last year than it paid in corporation tax in Britain.

Amazon’s British subsidiary employed 4,191 people at the end of 2012, and thousands more via contracting agencies
By Katherine Rushton, US Business Editor6:14PM BST 15 May 2013
Amazon’s UK operation generated £4.2bn of sales last year, but it used a subsidiary in Luxembourg to help it reduce its corporation tax bill in the country to just £2.4m in 2012. According to documents filed at Companies House, the company received £2.5m in government handouts over the same period.
The figures have reignited controversy over the tax paid in Britain by American corporations, such as Amazon, Apple, Starbucks and Google, whose executives have been summoned to appear before the Public Accounts Committee on Thursday to clarify previous evidence they gave about their tax status.
Justin King, chief executive of Sainsbury, has complained the current UK tax laws do not create a “level playing field” for online retailers and their bricks and mortar rivals.
Amazon, like Google and Apple, consistently argue that they operate within the law, and make many other tax contributions to Britain, such as National Insurance payments.
But Margaret Hodge, chairman of the Public Accounts Committee, described Amazon’s tax contribution as “just a joke”.

Amazo
“What people will find particularly galling is that the amount Amazon is paying in tax is actually less than they are taking from UK taxpayers in the form of government grants. Companies like Amazon should pay their fair share of tax based on their economic activity in this country and the profits they make here.
“Its behaviour is not only unfair, it is anti-competitive, putting British businesses that do pay their proper tax at a disadvantage.”
An Amazon spokesman said: “Amazon pays all applicable taxes in every jurisdiction that it operates within. Like many companies, Amazon has received assistance in relation to major investments in the UK”.
The Seattle-based company would not say which investments the UK Government has helped with, but last year it opened a new distribution plant in Hemel Hempstead, creating 600 jobs, promising to open three more over the next two years.
It also took an eight-storey office in London to act as its global headquarters for “digital media development”. The site is one of the linchpins in TechCity, Prime Minister David Cameron’s project to redevelop the area around Shoreditch and Old Street as a hub for technology companies.
The Government is fearful that a severe crackdown on tax loopholes used by global companies could deter them from investing in Britain. Mr Cameron has called for a coordinated international effort to tighten tax legislation.
Amazon’s British subsidiary employed 4,191 people at the end of 2012, and thousands more via contracting agencies, but the company classed it as a service provider to its Amazon EU Sarl business in Luxembourg to reduce its tax bill. The UK business is funded by fees from Amazon EU Sarl, but these are only just enough to cover its operating costs, leaving little in the way of profits to be taxed.

http://www.telegraph.co.uk/finance/pers … n-tax.html

Statistics: Posted by yoda — Thu May 16, 2013 12:38 am


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Big Sugar Tries to Protect Its Sweet Deal from “Big Candy”

David Boaz

We’ve written about the outrageous sugar import quotas here many times. And Chris Edwards wrote in March about the American Sugar Alliance’s ad in the Washington Post titled “Big Candy’s Greed.” But we couldn’t link to the ad because for some reason the American Sugar Alliance has not chosen to put a version of the ad on its website. But the Alliance ran its expensive quarter-page ad in the Post last week, so we’re now able to provide the public service of making it available online.

Note that what candy producers and other sugar users want is to be allowed to buy sugar from the world’s most efficient producers at world market prices—just like every company in a free market. This protectionist nonsense “Big Candy” is fighting has been going on for decades. In 1985, the Wall Street Journal and then the New York Times reported that the Reagan administration had slapped emergency quotas on “edible preparations” such as jams, candies, and glazes—and even imported frozen pizzas from Israel—lest American companies import such products for the purpose of extracting the sugar from them. Apparently it might have been cheaper to import pizzas, squeeze the tiny amount of sugar out of them, and throw away the rest of the pizza than to buy sugar at U.S. producers’ protected prices.

As Chris Edwards noted, a critic of Big Sugar quoted in this article summarized the sad reality of sugar growers: “They are unlike any other industry in Florida in that they aren’t in the agricultural business, they are in the corporate welfare business.” 

Please enjoy “Big Candy’s Greed,” brought to you by the coddled, protected, price-supported, politically active U.S. sugar industry:

Big Sugar Ad

View full post on Cato @ Liberty

Biased Media • Eric Holder Recuses Himself From Leak Investigation

BREAKING: Eric Holder Recuses Himself From Leak Investigation
Katie Pavlich | May 14, 2013

Attorney General Eric Holder has recused himself from the Associated Press leak investigation. He will officially announce his recusal at a press conference Tuesday afternoon. Fox News is reporting his recusal comes partially because Holder has testified about potential national security leaks surrounding a May 7, 2012 Associated Press story.

Yesterday, the Associated Press revealed the Department of Justice had been secretly monitoring both the personal and work phones of numerous AP editors and reporters. DOJ responded to these revelations by releasing the following statement.

We take seriously our obligations to follow all applicable laws, federal regulations, and Department of Justice policies when issuing subpoenas for phone records of media organizations. Those regulations require us to make every reasonable effort to obtain information through alternative means before even considering a subpoena for the phone records of a member of the media. We must notify the media organization in advance unless doing so would pose a substantial threat to the integrity of the investigation. Because we value the freedom of the press, we are always careful and deliberative in seeking to strike the right balance between the public interest in the free flow of information and the public interest in the fair and effective administration of our criminal laws.://townhall.com/tipsheet/katiepavlich/2013/05/14/breaking-eric-holder-recuses-himself-from-leak-investigation-n1594600

Statistics: Posted by yoda — Tue May 14, 2013 10:57 am


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What Washington State Can Expect From Higher K-12 Spending

Andrew J. Coulson

Just over a year ago, the Washington State Supreme Court ruled that the legislature was insufficiently funding K-12 education, and ordered it to boost that funding. A bi-partisan consensus now seems to have emerged that spending an extra $1 billion over the next two years is the proper first step in abiding with the Court’s ruling. Additional increases are likely to follow in later years. In a special budget session to begin today, the legislature will decide what balance of tax increases and economies in other areas will be used to raise the extra funds. 

So Washington state taxpayers are looking at the prospect of ever higher taxes to pay for ever higher education spending far into the future. Unless business blossoms unexpectedly in the next few years, that’s liable to be economically painful. Will it be worth it? As a guide, we might look at how effective previous increases in spending have been. 

Despite an increase in annual spending of $1.5 billion even after taking enrollment growth into account, academic performance has barely budged. The most hopeful signs are from the 4th (and uncharted 8th) grade NAEP scores, but there is good reason to doubt that even these very modest upticks lead to real reimprovements by the end of high school. One obvious indication of the problem is that SAT scores are essentially unchanged over the period. Another reason is that evidence from the NAEP Long Term Trends study reveals a pattern in which modest gains in the early grades evaporate by the end of high school (as can be seen on this nationwide chart of the performance of 17-year-olds). Based on the SAT scores, the same pattern likely holds in Washington state, but neither the Long Term Trends NAEP data series nor test results for older students are available at the state level.

Moreover, Washington state residents seem to drastically underestimate how much is spent per pupil in their public schools. In a 2012 survey, about half of respondents thought it was less than $8,000 / pupil. In fact, as shown in the chart above, total spending from all funds was $12,467 / pupil in that year. The survey also finds that when the public is informed about actual spending levels, support for increased K-12 spending falls dramatically (and that is true despite the fact that the survey in question misleadingly represented a lower partial spending figure as if it were total spending).

So Washington state has already tried even larger increases in spending than the one currently contemplated in Olympia with little or no academic effect. What’s the alternative? How about a proven policy for improving the achievement of students in both public and private schools that simultaneously saves millions of dollars?

View full post on Cato @ Liberty

Tax and Expenditure Limits: The Challenge of Turning Mitchell’s Golden Rule from Theory into Reality

Daniel J. Mitchell

The main goal of fiscal policy should be to shrink the burden of government spending as a share of economic output. Fortunately, it shouldn’t be too difficult to achieve this modest goal. All that’s required is to make sure the private sector grows faster than the government.

But it’s very easy for me to bluster about “all that’s required” to satisfy this Golden Rule. It’s much harder to convince politicians to be frugal. Yes, it happened during the Reagan and Clinton years, and there also have been multi-year periods of spending discipline in nations such as Estonia, New Zealand and Canada.

But these examples of good fiscal policy are infrequent. And even when they do happen, the progress often is reversed when a new crop of politicians take power. Federal spending has jumped to about 23 percent of GDP under Bush and Obama, for instance, after falling to 18.2 percent of economic output at the end of the Clinton years.

This is why many advocates of limited government argue that some sort of external force is needed to somehow limit the tendency of politicians to over-tax and over-spend.

I’ve argued on many occasions that tax competition is an important mechanism for restraining the greed of the political class. But even in my most optimistic moments, I realize that it’s a necessary but not sufficient condition.

Another option is budget process reform. If you can somehow convince politicians to tie their own hands (in the same way that alcoholics can sometimes be convinced to throw out all their booze), then perhaps rules can be imposed that improve fiscal policy.

But what sort of rules? Europe has “Maastricht” requirements that theoretically limit deficits and debt, and 49 states have some sort of balanced budget requirement, but these policies have been very unsuccessful – perhaps because they mistakenly focus on the symptom of red ink rather than the underlying disease of government spending.

Are there any budget process reforms that do work? Well, I’ve written about Switzerland’s “debt brake,” which has generated some good results over the past 10 years because it actually imposes an annual spending cap.

Some American states also impose expenditure limits. Have they been successful?

Unfortunately, they usually don’t seem to do a good job of controlling spending. Here are some key passages from a new study by Benjamin Zycher from the American Enterprise Institute.

…tax and expenditure limits (TELs) vary substantially in terms of their details, definitions, and underlying structures, but the empirical finding reported here is simple and powerful: TELs are not effective. …The ineffectiveness of TELs is unambiguous in terms of summary statistics, case-study examination of the records of several individual states, and estimation of an econometric model. This model was estimated for both state and local spending combined and state outlays considered alone.

The author finds some positive impact, but it’s unclear whether the results are meaningful…or durable.

In terms of the growth rates of per capita outlays, 20 of the 30 states display a decline in that growth rate during the periods when the respective TELs were effective, but none of those differences is statistically significant. …to the (highly limited) extent that spending limits prove effective, they are likely to be subject to erosion driven by the same political factors that yield the fiscal pressures.

Though three states seem to have generated genuine budgetary savings.

Among the 30 states with TELs in effect during 1970–2010, the econometric analysis finds that only three of those limits had the effect of reducing total outlays, by approximately 4–6.5 percent. This evidence does not provide grounds for optimism that an emphasis on spending limits would prove useful in terms of reducing long-term fiscal pressures.

Looking at all the evidence, Zycher is not very optimistic about expenditure limits, though he does recognize the valuable role of tax competition.

…a TEL is unlikely by itself to reverse the underlying conditions that yield expanding government. In particular, the incentives of interest groups to circumvent and neutralize the effects of TELs are unsurprising; that may be one central lesson from the California and Washington experiences. Future efforts to restrain the growth in government spending may find greater success if they are directed at increasing competition… One obvious way to achieve this is to strengthen the institutions of federalism, thus forcing states and localities to compete with each other.

Other researchers also have looked at tax and expenditure limits, so let’s see whether they have different perspectives.

Matt Mitchell (no relation) has a slightly more optimistic assessment. Here’s some of what he wrote in a study for the Mercatus Center.

…some varieties of TELs can decrease state spending as a share of state income, but the effect is small—in the range of about 2 to 3 percent. …Certain characteristics can make TELs more effective. These include constitutional (as opposed to statutory) codification, a focus on spending rather than on revenue, a provision that automatically and immediately refunds surpluses, and—of particular importance—a provision that requires either a supermajority vote or a public vote for override.

Here are some of his specific findings.

Weak TELs…tend not to impact state spending very much in either low or high-income states. At best, they decrease spending by about 1/10 of one percentage point in low-income states. At worst, they increase spending by less than 1/100 of one percentage point in high-income states. The most-stringent TELs, on the other hand, do have an appreciable impact on state spending. …Those TELs that limit budgets to inflation plus population growth seem to limit combined state and local spending. In states with this variety of TEL, state and local spending as a share of state income is about 6/10 of a percentage point less than in other states (this is a 3-percent difference relative to the average state and local spending share). …This variety of TEL is often favored by advocates of limited government because it is particularly restrictive (the sum of inflation and population growth is typically less than income growth).

Michael New of the University of Michigan-Dearborn also found that the design of a TEL makes a big difference. Here are some excerpts from his study, which was published in the State Politics and Policy Quarterly.

…most TELs have been enacted by state legislatures, and it is not clear that legislators have the incentive to reduce their autonomy by placing meaningful constraints on their own behavior. …Conversely, TELs enacted through citizen initiatives are likely to be drafted by interest groups that actually possess an interest in limiting state spending, giving them considerably greater potential for effectiveness.

Here are some of his results.

Why has Colorado’s TABOR been more effective than other fiscal limits? …the results of Models 2 and 4, which categorize TELs based on how they were adopted, lend considerable support to my hypothesis. These models indicate that TELs enacted by citizen initiative are the most effective at limiting the size of government. Model 2 predicts that after a TEL is passed by a citizen initiative, annual growth in per capita state and local expenditures will be reduced by $35.70. Similarly, Model 4 predicts that the annual growth in per capita state and local revenues will be reduced by $35.64. Both findings are statistically significant.

Professor New’s research shows that it is very important to limit spending so it grows at inflation plus population rather than letting it climb as fast as personal income.

…holding increases in expenditures to increases in personal income is a relatively easy threshold for a state to maintain. …During the early 1990s, however, two states enacted TELs with a lower limit. Both Colorado’s Taxpayer’s Bill of Rights (TABOR) and Washington state’s Initiative 601 (I-601) established a limit of inflation plus population growth. …Table 4 provides further evidence that strong TELs have been able to restrict government growth. Holding other factors constant, strong TELs annually reduce growth in both state expenditures and state revenues by over $100 per capita. …Both the coefficient for TABOR and the coefficient for I-601 are negative in all four regressions and statistically significant in three of the four. …My analysis provided solid evidence that these two TELs were even more effective at restraining expenditures and revenues as demonstrated by both statistical analysis and case studies.

Some people would conclude from the research of Zycher, Mitchell, and New that spending limits are not very effective. But that’s a hasty conclusion. The real lesson is that spending limits work, but only if they actually limit spending so that it grows slower than personal income, just as suggested by my Golden Rule.

In other words, spending limits are like speed limits in school zones. They are only effective if they’re set low enough to actually protect taxpayers and children.

This debate reminds me of the intellectual fight over the starve-the-beast hypothesis. Some have argued that tax cuts are not an effective way of limiting spending. But the research actually shows that tax cuts are an effective way of “starving the beast” if lawmakers don’t subsequently raise taxes.

The bottom line is that expenditure limits – if properly designed and enforced – are an effective way of controlling government spending. That doesn’t mean that politicians won’t figure out ways to over-spend, just like locks on doors don’t always stop burglars. But both are better than the alternative of no limits or no locks.

In prior posts, I’ve shared research showing that the United States today would be very close to a balanced budget if we had implemented something akin to the Swiss Debt Brake.

So far as I know, there’s no legislation to impose a spending cap specifically modeled on the Swiss system, but I’ve previously noted that Senator Corker’s CAP Act and Congressman Brady’s MAP Act both have sequester-enforced spending limits.

And the good news about sequestration is that the savings are real, unlike the gimmicks that you get when the politicians are in charge of “cutting” spending.

View full post on Cato @ Liberty

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet

Earth From SpaceWhen is the economic collapse going to happen?  Just open up your eyes and take a look around the globe.  The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet.  Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day.  Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay.  Remember, a bubble is always the biggest right before it bursts.  The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well.  I hope that you are ready.

The following are 10 scenes from the economic collapse that is sweeping across the planet…

#1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece

The economic depression in Europe just continues to get worse with each passing month.  According to the Daily Mail, the unemployment rate in Greece has nearly tripled since 2009…

Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout.

Greece’s jobless rate has almost tripled since the country’s debt crisis emerged in 2009 and was more than twice the euro zone’s average unemployment reading of 12.1 percent in March.

While the overall unemployment rate rose to 27 per cent, according to statistics service data released on Thursday, joblessness among those aged between 15 and 24 jumped to 64.2 percent in February from 59.3 percent in January.

#2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash

I love to write about Detroit because it is a perfect example of where the rest of the country is headed.  They have just gotten there first.  At this point, Detroit is essentially bankrupt, and the new emergency financial manager is saying that Detroit may totally run out of cash next month

Detroit may run out of cash next month and must cut long-term debt and retiree obligations, according to emergency financial manager Kevyn Orr’s preliminary plan to save Michigan’s largest city from bankruptcy.

Orr’s report says the cost of $9.4 billion in bond, pension and other long-term liabilities is sapping the ability to provide public safety and transportation. He listed cutting debt principal, retiree benefits and jobs among his options.

“No one should underestimate the severity of the financial crisis,” Orr said yesterday in a statement. He called his report “a sobering wake-up call about the dire financial straits the city of Detroit faces.”

#3 Economic Despair In France

France is going down the same path that Greece, Spain, Portugal and Italy have gone.  The following is an excerpt from a recent article in the Economist

HELDER PEREIRA is a young man with no work and few prospects: a 21-year-old who failed to graduate from high school and lost his job on a building site four months ago. With his savings about to run out, he has come to his local employment centre in the Paris suburb of Sevran to sign on for benefits and to get help finding something to do. He’ll get the cash. Work is another matter. Youth unemployment in Sevran is over 40%.

#4 7,000 Abandoned Buildings In Dayton, Ohio

All over the upper Midwest, there are formerly great cities that are dealing with thousands of abandoned buildings.  Dayton, Ohio is one example…

Like many urban cities in recent years, Dayton still finds itself knee-deep in abandoned, dilapidated properties as the result of the foreclosure crisis and economic downturn five years ago.

Boarded up buildings that appear to be on their last legs litter the city as it attempts to recover.

Kevin Powell, the city’s acting manager of housing inspection, says officials plan to use $5.2 million — half from the state’s Moving Ohio Forward program and a matching grant from the city’s general fund — to raze 475 abandoned properties by the end of September.

That will scratch the surface of an estimated 7,000 abandoned property problem that is growing.

#5 Overwhelmed By Squatters In Spain

In Spain, unemployment is rampant and people have become incredibly desperate.  In fact, in some Spanish cities you can now find entire apartment buildings that are being overwhelmed by squatters

A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters.

“This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters.”

#6 The Collapse Of Chinese Power Consumption

Energy consumption tends to closely mirror economic activity.  That is why the recent collapse of Chinese power consumption is so alarming.  The following is from Zero Hedge

According to CLSA’s Chris Wood using NEA data, China’s monthly power consumption (the most accurate proxy for underlying economic strength according to the current premier) growth slowed from 5.5% YoY in Jan-Feb 2013 to 1.9% YoY in March, the slowest growth rate since May 2009 (as discussed in-depth here).

#7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet

The economic data that has been coming out of the second largest economy on the globe has been quite alarming recently…

For starters, China’s recent economic data, as massaged as it is to the upside, is downright awful. China’s PMI numbers were the worst in two years. Staffing levels in the Chinese service sector decreased for the first time since January 2009 (remember that year).

China’s LEI also shows no sign of recovery. If anything, it indicates China is heading towards an economic slowdown on par with that of 2008. And if you account for the rampant debt fueling China’s economy you could easily argue that China is posting 0% GDP growth today.

#8 One Out Of Every Five U.S. Households On Food Stamps

Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, even though we are supposedly in the midst of an “economic recovery”, food stamp enrollment continues to soar to new highs.  The following is from CNS News

The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 – an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.

The most recent statistics from the United States Census Bureau– from December 2012– puts the number of households in the United States at 115,310,000. If you divide 115,310,000 by 23,087,866, that equals one out of every five households now receiving food stamps.

#9 Child Hunger In America

Those that work for the big banks on Wall Street may have no problems feeding their children, but overall there is a rapidly growing child hunger crisis in America today.  Just check out the following statistics from one of my previous articles

*For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

*In Miami, 45 percent of all children are living in poverty.

*In Cleveland, more than 50 percent of all children are living in poverty.

*According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

#10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About

There are billions of people around the globe that are deeply suffering but that do not have a voice.  We usually never hear about the desperate poverty that these people are living in, but that doesn’t mean that they don’t exist.  The following statistics that Stephen Lendman recently compiled should shock and alarm you…

At least 80% live on less than $10 a day. Over three billion people live on less than $2.50 a day. More than 80% live in countries where income disparity is increasing.

The poorest 40% of world population has 5% of global income. The bottom fifth has $1.5%. The top 20% has 75%.

According to UNICEF, 22,000 impoverished children die daily. They “die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death.”

An estimated 28% of children in developing countries are underweight, malnourished and/or stunted.

How can so many people be living like that in a world with such wealth?

Sadly, things are going to get much worse.  The economic and financial systems of the world are rapidly breaking down, and in a few years these are going to look like “the good old days”.

And a growing number of people are starting to realize the direction that things are headed.  For example, according to a survey that has just been released, 48 percent of all Americans believe that the best days of America are now behind us.

So what do you think?

Are our best days behind us, or are they still ahead of us?

Please feel free to post a comment with your thoughts below…

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Other • 10 Scenes From The Economic Collapse That Is Sweeping Acros

10 Scenes From The Economic Collapse That Is Sweeping Across The Planet
By Michael, on May 13th, 2013
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day. Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts. The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well. I hope that you are ready.

The following are 10 scenes from the economic collapse that is sweeping across the planet…

#1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece

The economic depression in Europe just continues to get worse with each passing month. According to the Daily Mail, the unemployment rate in Greece has nearly tripled since 2009…

Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout.

Greece’s jobless rate has almost tripled since the country’s debt crisis emerged in 2009 and was more than twice the euro zone’s average unemployment reading of 12.1 percent in March.

While the overall unemployment rate rose to 27 per cent, according to statistics service data released on Thursday, joblessness among those aged between 15 and 24 jumped to 64.2 percent in February from 59.3 percent in January.

#2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash

I love to write about Detroit because it is a perfect example of where the rest of the country is headed. They have just gotten there first. At this point, Detroit is essentially bankrupt, and the new emergency financial manager is saying that Detroit may totally run out of cash next month…

Detroit may run out of cash next month and must cut long-term debt and retiree obligations, according to emergency financial manager Kevyn Orr’s preliminary plan to save Michigan’s largest city from bankruptcy.

Orr’s report says the cost of $9.4 billion in bond, pension and other long-term liabilities is sapping the ability to provide public safety and transportation. He listed cutting debt principal, retiree benefits and jobs among his options.

“No one should underestimate the severity of the financial crisis,” Orr said yesterday in a statement. He called his report “a sobering wake-up call about the dire financial straits the city of Detroit faces.”

#3 Economic Despair In France

France is going down the same path that Greece, Spain, Portugal and Italy have gone. The following is an excerpt from a recent article in the Economist…

HELDER PEREIRA is a young man with no work and few prospects: a 21-year-old who failed to graduate from high school and lost his job on a building site four months ago. With his savings about to run out, he has come to his local employment centre in the Paris suburb of Sevran to sign on for benefits and to get help finding something to do. He’ll get the cash. Work is another matter. Youth unemployment in Sevran is over 40%.

#4 7,000 Abandoned Buildings In Dayton, Ohio

All over the upper Midwest, there are formerly great cities that are dealing with thousands of abandoned buildings. Dayton, Ohio is one example…

Like many urban cities in recent years, Dayton still finds itself knee-deep in abandoned, dilapidated properties as the result of the foreclosure crisis and economic downturn five years ago.

Boarded up buildings that appear to be on their last legs litter the city as it attempts to recover.

Kevin Powell, the city’s acting manager of housing inspection, says officials plan to use $5.2 million — half from the state’s Moving Ohio Forward program and a matching grant from the city’s general fund — to raze 475 abandoned properties by the end of September.

That will scratch the surface of an estimated 7,000 abandoned property problem that is growing.

#5 Overwhelmed By Squatters In Spain

In Spain, unemployment is rampant and people have become incredibly desperate. In fact, in some Spanish cities you can now find entire apartment buildings that are being overwhelmed by squatters…

A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters.

“This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters.”

#6 The Collapse Of Chinese Power Consumption

Energy consumption tends to closely mirror economic activity. That is why the recent collapse of Chinese power consumption is so alarming. The following is from Zero Hedge…

According to CLSA’s Chris Wood using NEA data, China’s monthly power consumption (the most accurate proxy for underlying economic strength according to the current premier) growth slowed from 5.5% YoY in Jan-Feb 2013 to 1.9% YoY in March, the slowest growth rate since May 2009 (as discussed in-depth here).

#7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet

The economic data that has been coming out of the second largest economy on the globe has been quite alarming recently…

For starters, China’s recent economic data, as massaged as it is to the upside, is downright awful. China’s PMI numbers were the worst in two years. Staffing levels in the Chinese service sector decreased for the first time since January 2009 (remember that year).

China’s LEI also shows no sign of recovery. If anything, it indicates China is heading towards an economic slowdown on par with that of 2008. And if you account for the rampant debt fueling China’s economy you could easily argue that China is posting 0% GDP growth today.

#8 One Out Of Every Five U.S. Households On Food Stamps

Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, even though we are supposedly in the midst of an "economic recovery", food stamp enrollment continues to soar to new highs. The following is from CNS News…

The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 – an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.

The most recent statistics from the United States Census Bureau– from December 2012– puts the number of households in the United States at 115,310,000. If you divide 115,310,000 by 23,087,866, that equals one out of every five households now receiving food stamps.

#9 Child Hunger In America

Those that work for the big banks on Wall Street may have no problems feeding their children, but overall there is a rapidly growing child hunger crisis in America today. Just check out the following statistics from one of my previous articles…

*For the first time ever, more than a million public school students in the United States are homeless. That number has risen by 57 percent since the 2006-2007 school year.

*In Miami, 45 percent of all children are living in poverty.

*In Cleveland, more than 50 percent of all children are living in poverty.

*According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

#10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About

There are billions of people around the globe that are deeply suffering but that do not have a voice. We usually never hear about the desperate poverty that these people are living in, but that doesn’t mean that they don’t exist. The following statistics that Stephen Lendman recently compiled should shock and alarm you…

At least 80% live on less than $10 a day. Over three billion people live on less than $2.50 a day. More than 80% live in countries where income disparity is increasing.

The poorest 40% of world population has 5% of global income. The bottom fifth has $1.5%. The top 20% has 75%.

According to UNICEF, 22,000 impoverished children die daily. They "die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death."

An estimated 28% of children in developing countries are underweight, malnourished and/or stunted.

How can so many people be living like that in a world with such wealth?

Sadly, things are going to get much worse. The economic and financial systems of the world are rapidly breaking down, and in a few years these are going to look like "the good old days".

And a growing number of people are starting to realize the direction that things are headed. For example, according to a survey that has just been released, 48 percent of all Americans believe that the best days of America are now behind us.

http://theeconomiccollapseblog.com/arch … the-planet

Statistics: Posted by yoda — Mon May 13, 2013 3:53 pm


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Political Correctness • Shadows from the Past: Pedophile Links Haunt Green Party

Shadows from the Past: Pedophile Links Haunt Green Party

By Jan Fleischhauer, Ann-Katrin Müller and René Pfister

DPA
In the 1980s, some members of Germany’s Green Party advocated the legalization of sex with minors. Now the party wants to come to terms with this dark chapter via an independent review of internal documents — some of which show that the influence of pedophiles on the young party was much stronger than previously thought.

He is a boy, roughly 10 years old, with a pretty face, full lips, a straight nose and shoulder-length hair. The wings of an angel protrude from his narrow back, and a penis is drawn with thin lines on the front of his body.

The 1986 image was printed in the newsletter of the Green Party’s national working group on "Gays, Pederasts and Transsexuals," abbreviated as "BAG SchwuP." It wasn’t just sent to a few scattered party members, but was addressed to Green Party members of the German parliament, as well as the party’s headquarters in Bonn.
Documents like this have become a problem for the Greens today. Some 33 years after the party was founded, it is now being haunted by a chapter in its history that many would have preferred to forget. No political group in Germany promoted the interests of men with pedophile tendencies as staunchly as the environmental party. For a period of time in the mid-1980s, it practically served as the parliamentary arm of the pedophile movement.

A look at its archives reveals numerous traces of the pedophiles’ flirtation with the Green Party. They appear in motions, party resolutions, memos and even reports by the party treasurer. That is because at times the party not only supported its now forgotten fellow campaigners politically, but also more tangibly, in the form of financial support.

When the Green Party was founded in 1980, pedophiles were part of the movement from the start — not at the center of its activities, but always hovering along the periphery. At the first party convention in the southwestern German city of Karlsruhe, pacifists, feminists and opponents of nuclear energy were joined by the so-called "Urban Indians," who advocated the "legalization of all affectionate sexual relations between adults and children." From then on, pedophiles, noisy and wearing colorful body paint, were often a visible part of Green Party gatherings.

Possible Independent Review

The aberrations of the early years were eventually forgotten. Today, when party members look at family photos from their early history during anniversary celebrations, they are quick to overlook the proponents of sex with children. No one asks about these strange figures anymore, the ones who turned up at every party convention, claiming that pedophilia was a "human right." Who exactly were they? And what did they want? As it advanced from a protest party to a member of various governments, critical self-examination was replaced by nostalgia.

Until now, that is. In an effort to come to terms with this ugly side of their history, party leaders are expected on Monday to adopt a resolution to conduct an independent academic review of documents from the 1980s. The move comes partly as a result of fierce debate over past statements made by Greens member and European parliamentarian Daniel Cohn-Bendit, who, in his 1975 autobiographical book "Der grosse Basar" ("The Great Bazaar"), described intimate experiences with children as a teacher in an alternative Frankfurt kindergarten. In one passage he writes: "You know, a child’s sexuality is a fantastic thing. You have to be honest and sincere. With the very young kids, it isn’t the same as it is with the four-to-six-year-olds. When a little, five-year-old girl starts undressing, it’s great, because it’s a game. It’s an incredibly erotic game."

Cohn-Bendit, who has since said that the statements were meant as a fictional provocation, calling them a "big mistake," has been repeatedly criticized for the contents of his book. But it sparked renewed controversy last month when the president of Germany’s Federal Constitutional Court cited it as grounds for his refusal to give the speech at an awards ceremony honoring him for his contributions to European democracy with the Theodor Heuss Prize. In hopes of calming the uproar, Cohn-Bendit later declined to accept the prize.

It’s embarrassing for the Greens. No other party depends as heavily on the claim of being on the right side of morality. The Greens also played a leading role from the start — as prosecutors — in the debate over abuse within the Catholic Church, emphatically demanding answers to allegations of sexual abuse of children. And, of course, a Green Party parliamentarian, Antje Vollmer, was also a member of the Bundestag’s round table to address the abuses that took place in mainly church-run children’s homes in the 1950s and 1960s.

How is the party going to explain that it once tolerated people whose agenda had nothing to do with progress and emancipation, but solely with the exploitation of their position of power and trust in relation to minors?

‘The Only Hope for Pedophiles’

In their initial approach to the issue, Green Party leaders have agreed that they are dealing with regrettable but isolated cases. "Protecting children from sexual abuse was and remains a central concern," says party co-chairman Cem Özdemir. "It is unacceptable that some are now trying to reinterpret the positions of individual groups in the past as a supposedly lax position of the Greens toward the sexual abuse of children."

But it isn’t that simple. The Greens are not being accused of having advocated sex with children. The real question is whether they contributed to an atmosphere in which people could feel emboldened to pursue tendencies that are illegal if acted upon, and for good reason.

"In terms of national politics, the Greens were the only hope for pedophiles," says Kurt Hartmann, a member of BAG SchwuP in the 1980s who now heads an association that promotes pedophile literature. "They were the only party that put their necks on the line for sexual minorities in the long term."

The "Schwuppies," as pedophiles are known within the party, made no secret of their sexual preferences. BAG SchwuP memos were circulated within party committees that openly portrayed minors as objects of sexual desire. One typical image is a photo of a boy in skimpy gym shorts, bending forward slightly as he stands on a playground. The official letterhead of the chairman of BAG SchwuP, Dieter F. Ullmann, featured a drawing of an older man with his arm draped over a young boy’s shoulders.

Party leaders claim that SchwuP was an embarrassment to the national party from the beginning. A look at the files, on the other hand, shows that the pedophile organization received funding — amounting to several thousand deutsche marks over the years — from the Green Party itself and from its parliamentary group in the Bundestag.

Establishing a ‘Pedo-Commission’

BAG SchwuP was upgraded in the summer of 1984, when it became part of the Green Party parliamentary group’s "Law and Society" task force. This gave it a privileged position within the party. From then on, SchwuP played a part in shaping the party’s positions within its parliamentary group. "The goal of providing the Green Party group in the Bundestag with professional support characterizes the work of the national task force," states a Green Party document.

The pedophiles’ core issue was to bring down Section 176 of the German Criminal Code, which criminalizes sexual acts with children. With the Greens they found for the first time a political force that was willing to entertain this debate. Indeed, in March 1980, the Greens held their second national convention in the southwestern city of Saarbrücken, where they approved a program that opposed "discrimination against sexual outsiders." The convention established a "pedo-commission" to specifically address the interests of pedophiles.

Today, Green Party co-chair Claudia Roth insists that the Greens never made the case for sex with children. "At no point did a committee within the Green Party’s national organization adopt a resolution that would have advocated the decriminalization of the sexual abuse of children," she said two weeks ago. But in the 1980s, the environmental party had a very specific idea of what did and did not constitute abuse.

In 1983, an ad for the Greens ran in the gay newspaper Torso. It featured a drawing of the party’s trademark sunflower and the text: "Sections 174 and 176 should be amended to read that only the application or threat of violence, or the abuse of a dependent relationship in connection with sexual acts should be criminalized!" In plain terms, this meant: Adults could have sex with children, as long as they weren’t their own and they weren’t threatened with violence. Such positions were socially acceptable among the Greens, a fact that today’s party members are only too eager to forget.
The pedophiles celebrated their greatest success in March 1985 at the Greens’ state manifesto conference in Lüdenscheid, in the western state of North Rhine-Westphalia. There, the party approved a position paper that sought to generally allow "non-violent sexuality" between adults and children, though the resolution was quickly dropped because of public outrage. Nevertheless, BAG SchwuP did not view this as a defeat because it had finally opened the door to public discussion of the pedophiles’ agenda.

"The subject went from being taboo to part of the political consciousness," reads a SchwuP newsletter from the period. "The fact that, for the first time, the protagonists are becoming the targets of HATE and disgust, scorn and derision, all of this is good and not bad. These emotions always arise at the beginning of a truly deep debate."

Part 2: A Product of the Late 1960s

It should be pointed out that the Greens never amended laws to make life easier for pedophiles, but it’s also true that they lacked the power to do so in their early years. And where they did eventually capture seats in state parliaments, such as in the western state of Hesse in 1985, any rhetoric to the effect never materialized into action. The coalition agreement of the first state government that included the Greens, in an alliance with the center-left Social Democratic Party (SPD), included the pledge to both abolish the notorious Section 175, which made homosexual acts between males a crime, as well as to liberalize other parts of the law governing sexual offences. There were never any practical consequences, though.

The party’s responsibility begins at the point where an atmosphere arose in which sex with children could be viewed as a normal variant of human desire. In this sense, the Greens were entirely a product of the late 1960s generation, which aimed to free society from the shackles of sexual repression. People who were inhibited and dependent were viewed as the root of all evil.

Some results of this struggle for more freedom are certainly viewed as positive to this day. The Greens fought for the sexual autonomy of women and championed the interests of gays and lesbians, for example. But the party lost its sense of proportion by expanding its range of tolerance to encompass everything, arguing that child sexuality should be allowed to develop without prudery and compulsion. In the end, the Greens also protected pedophiles who sought to act out their violent obsessions with children.

No case exposes this more clearly than that of Willi D., a Green Party politician in the state of North Rhine-Westphalia who raped the two-and-a-half-year-old daughter of his female companion in the spring of 1985. After he was sentenced, the Greens’ state party organization advised him to resign from the party, but soon there were those who disagreed. For them, excluding Willi D. from the party would mean "delivering him to the criminal justice system without protection," wrote the "Prison and Justice Task Force" of the Green-Alternative List, the party’s branch in the city-state of Hamburg at the time. The group argued that it was inadmissible to portray D. as someone who had "acted out of conviction and deliberate anti-child intentions." In another document, the Prison and Justice Task Force wrote critically that D. was now being "relegated to the male world of prison," in which an "atmosphere of sexual crudeness prevails."

Losing Influence

An incident that occurred in 1985 shows how aggressively the pedophilia activists defended their views. A young woman using a pseudonym told a Green Party panel how family members had abused her as a child, saying that an uncle would take her to a remote parking lot and force her to play with his penis. "I was 11 at the time, and I experienced how horribly brutish sexuality can be," she said. "He stared at me with a piercing look in his eyes, and before I knew it semen was squirting at the windshield." She said she had been traumatized since then, and that the mere sight of semen made her feel sick.

In all of their documents, the pedophile activists had made it clear that sex with children should only occur if it was consensual. In this case, however, BAG SchwuP and various gay state working groups sent out a joint statement that crassly attacked the woman. It said that the statement’s author apparently didn’t see the need to "acknowledge the discussion that has already taken place in this area. Everyone believes that he/she can simply generalize his/her experiences. ‘Girl’ is generalized as ‘child,’ and AN experience is immediately turned into ‘childhood experienceS.’"

It took a full seven years after the Green Party was founded before the pedophiles lost their influence. One reason was the women’s movement, which could never understand why the Greens became involved with men who want to act out their power fantasies on children. Gays in the party had also had enough of being lumped in with the pedophiles. In early 1987, the SchwuP was dissolved, ending the pedophiles’ involvement with the Greens. From then on, there was only the National Working Group on Gays, chaired by Volker Beck.

He had always felt that the pedophiles’ demands were wrong, the parliamentarian from Cologne says today. "I always wanted to pursue pure gay and lesbian policy."

http://www.spiegel.de/international/ger … 99544.html

Statistics: Posted by yoda — Mon May 13, 2013 12:16 pm


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