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Posts posted by bostonangler

  1. Do you recognize the signs of groupthink among your friends and family members who follow Trump?


    Symptoms of Groupthink 

    1. Illusions of invulnerability lead members of the group to be overly optimistic and engage in risk-taking.
    2. Unquestioned beliefs lead members to ignore possible moral problems and ignore the consequences of individual and group actions.
    3. Rationalizing prevents members from reconsidering their beliefs and causes them to ignore warning signs.
    4. Stereotyping leads members of the in-group to ignore or even demonize out-group members who may oppose or challenge the group's ideas.
    5. Self-censorship causes people who might have doubts to hide their fears or misgivings.
    6. "Mindguards" act as self-appointed censors to hide problematic information from the group.
    7. Illusions of unanimity lead members to believe that everyone is in agreement and feels the same way.
    8. Direct pressure to conform is often placed on members who pose questions, and those who question the group are often seen as disloyal or traitorous
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  2. Eddie Money, the prolific singer and songwriter whose songs “Baby Hold On,” “Two Tickets to Paradise,” “Shakin'” and “Take Me Home Tonight” soundtracked popular music in the 1980s, died Friday (Sept. 13). He was 70.

    A statement provided by his family reads: “The Money Family regrets to announce that Eddie passed away peacefully early this morning. It is with heavy hearts that we say goodbye to our loving husband and father. We cannot imagine our world without him. We are grateful that he will live on forever through his music.”

    Money recently revealed that he had been diagnosed with stage 4 esophageal cancer.

    A reality television series about Money and his family, “Real Money,” had aired on AXS TV starting in April 2018. It chronicled his life at home and with his family, revealing his health struggles.

    Money made his home in the Bay Area where he performed at the city’s clubs regularly. A star of MTV’s formative years, during which he starred in a series of comedic music videos, he saw major chart success with such songs as “Baby Hold On” and “Two Tickets to Paradise” and in 1986 “Take Me Home Tonight”, a duet with Ronnie Spector, which was a radio hit. He was signed to Columbia Records and released 11 albums throughout his career.

    Known also for his comedic manner, both in his music videos and in interviews, he told Rolling Stone last year that, despite his string of hit songs, he “missed the boat when it [came] to the big money.” In his typically self-deprecating manner, Money capped the conversation with this view: “The kids aren’t in jail, they’re not in rehab, nobody’s wrecked the car this week and there’s still milk in the refrigerator. I’m having a good month.”

    Money is survived by his wife Laurie and five children.



    Hope you brought your passport... RIP Eddie.


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  3. WASHINGTON (Reuters) - U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.

    The Trump administration's year-long trade war with China, which has sapped business confidence, is threatening to derail the longest economic expansion in history.

    Fed Chair Jerome Powell reiterated last week that the U.S. central bank would continue to act "as appropriate" to keep the expansion, now in its 11th year, on track. President Donald Trump on Wednesday renewed criticism of the Fed and urged policymakers to push interest rates down to zero or into negative territory.

    "The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt," Trump tweeted. "No Inflation! A once in a lifetime opportunity that we are missing because of Boneheads."

    The Labor Department said its producer price index for final demand edged up 0.1% last month as a jump in the cost of services offset the largest drop in the price of goods in seven months. The PPI gained 0.2% in July. In the 12 months through August, the PPI advanced 1.8% after increasing 1.7% in July.

    Economists polled by Reuters had forecast the PPI would be unchanged in August and rise 1.7% on a year-on-year basis.

    Excluding the volatile food, energy and trade services components, producer prices jumped 0.4% last month after dipping 0.1% in July, the first decline since October 2015. The so-called core PPI climbed 1.9% in the 12 months through August after increasing 1.7% in July.

    "Underlying producer price pressures are quite modest and will not give Fed officials any confidence that there is any daylight yet in that long tunnel of stubbornly low inflation," said Chris Rupkey, chief economist at MUFG in New York.

    "We expect the soft patch for inflation and inflation expectations will allow Fed officials to give the White House the rate cuts it wants starting at next week's meeting."

    The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures (PCE) price index for monetary policy. The core PCE price index rose 1.6% on a year-on-year basis in July and has undershot its target this year.

    The dollar rose against a basket of currencies on hopes of further stimulus from the European Central Bank on Thursday to boost the euro zone economy. U.S. Treasury prices largely fell.

    Stocks on Wall Street were trading higher after China's finance ministry said some U.S. goods would be exempted from additional retaliatory tariffs ahead of a planned meeting between trade negotiators.


    Financial markets have fully priced in a rate cut at the Fed's Sept. 17-18 policy meeting against the backdrop of simmering U.S.-China trade tensions, which have tipped both U.S. and global manufacturing into recession. The Fed lowered borrowing costs in July for the first time since 2008.

    U.S. tariffs on Chinese goods were this month broadened to include consumer goods. There are fears the manufacturing downturn could spill over into the broader economy.

    A separate report from the Commerce Department on Wednesday showed wholesale inventories increased slightly in July, suggesting inventory investment could remain a drag on economic growth in the third quarter.

    The economy is being supported by robust consumer spending via a strong labor market.

    In August, wholesale energy prices fell 2.5% after rebounding 2.3% in the prior month. They were weighed down by a 6.6% drop in gasoline prices, the most since January, which followed a 5.2% percent jump in July.

    Goods prices declined 0.5% last month, also the largest drop since January, after rising 0.4% in July. Energy prices accounted for more than 80% of the drop in the cost of goods.

    Wholesale food prices fell 0.6% in August after gaining 0.2% in the prior month. Core goods prices, excluding energy and food, were unchanged last month after edging up 0.1% in July.

    Core producer goods inflation remains muted despite duties on imported Chinese goods.

    "That suggests that any inflationary impact from tariffs has been offset by a weakening renminbi and substitution away from Chinese imports towards other low-cost producers in the region," said Michael Pearce, a senior U.S. economist at Capital Economics in New York.

    The cost of services increased 0.3% after decreasing 0.1% in July. Services were boosted by a 6.4% surge in the cost of guestroom accommodation such as hotels and motels, the largest gain since April 2009.

    The cost of healthcare services rose 0.2% last month after edging up 0.1% in July. Hospital inpatient care prices increased 0.4% and the cost of doctor visits shot up 0.5%, reversing July's 0.5% decrease.

    But the cost of hospital outpatient care dipped 0.1%. Portfolio management fees increased 0.5% after rebounding 0.8% in July. Those fees and healthcare costs feed into the core PCE price index.


    The Fed is lowering rates thus printing more money, just like 2008... Sound familiar?


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  4. I found this article and although it did *iss me off... I thought I would share it





    Trump supporter Hayes Kotseos runs a North Carolina pool-maintenance company, but she’s got a side bet that she thinks might make her fabulously wealthy: the Iraqi dinar.

    The currency is nearly worthless outside of Iraq, but Kotseos bought millions of dinars in April, after watching a video of President Trump at a 2017 press conference. In the clip, Trump says, with characteristic vagueness, that all currencies will soon “be on a level playing field.”

    In reality, Trump was talking about trade imbalances with China. But like other Trump supporters who have fallen into the dinar investment scam, which has existed since at least 2012, Kotseos interpreted Trump’s rambling statement as proof that the Iraqi dinar would soon be worth as much or even more than the dollar, making anyone who had been smart enough to buy in early a millionaire.

    “I love my president, and I was like, ‘Oh my God,’” Kotseos told The Daily Beast.

    The purchase, Kotseos said, cost her and her husband somewhere between $5,000 and $10,000, counting the cut to the company that sold them the dinars. Two of her adult children have bought millions more dinars, too.

    Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow “revalue” or “RV” the currency, boosting its current value of less than $0.001 to $3 or $4.

    Dinar promoters have claimed that near-mythical event will occur for nearly a decade. But if it does it would theoretically make a millionaire of anyone with the foresight to put just a few thousand dollars into dinars.

    “If it happens, it’ll be awesome and there’ll be a huge party at my house,” Kotseos said.

    The rumored wealth surrounding the dinar dates back to its pre-Gulf War price, when each dinar was more than $3. But sanctions and years of war have pummeled its value to less than one-tenth of one U.S. penny.

    Unfortunately for American investors, the long-awaited “RV” never seems to come.

    The persistently low value has inspired warnings from state regulators and several indictments against dinar sellers accused of misleading investors about the currency’s prospects. But that hasn’t stopped dinar investors from buying and counting on the much-awaited “RV” to make them rich.

    While it’s difficult to measure how many Americans have invested in the dinar, court papers related to dinar scams often mention millions of dollars worth of dinar purchases. Dinar holders regularly tweet at Trump and various Iraqi government Twitter accounts, demanding to know when they’ll finally enact the “RV” that will let the money flow in

    The dinar scam has become particularly Trump-centric since 2015, over rumors that Trump has personally invested in the dinar (there’s no evidence that he actually does). Search-engine searches related to Trump and the dinar have shot up, according to Google Trends, returning hoax articles claiming Trump has bought millions of dollars worth of dinars.

    Trump supporters like Kotseos have also been drawn in by videos showing the “prophecy” of Kim Clement, a South African “prophet” whose fans believe predicted Trump’s election. Before his death in 2016, Clement also often mentioned a dinar revaluation.

    “It was like, OK, well, God said the Iraqi dinar is going to revalue,” Kotseos told The Daily Beast.

    Dinar-related threads on Twitter and YouTube fill up with Trump supporters asking the president to somehow force the revaluation.

    “MR TRUMP. I really admire you….please help us with this RV,” wrote one Twitter user. Another asked Trump to increase the dinar’s value to “give us the financial tools we need to support your efforts.”

    In a video on one of Clement’s prophecies about the dinar, a Trump supporter insisted in October that Trump was central to the whole plan.

    “President Trump is KEY,” the commenter wrote. “Nobody thought he would win, he will trigger the IRAQ RV.”

    Jay Addison, an attorney who follows financial scams, watched for six years as dinar believers’ hopes for a revaluation failed to materialize. After writing a 2012 blog post about why the dinar was a bad investment, Addison heard from dinar investors who insisted the RV was about to occur.

    Six years later, it still hasn’t happened.

    Addison, who calls the hype around the dinar a “study in stupidity,” said he’s personally encountered dinar investors who were otherwise savvy in business but became entranced by the prospect of instant riches.

    “I’ve had a few clients fall for it,” Addison said. “They weren’t really the sharpest knives in the drawer.”

    It’s not that the revaluation is totally impossible, according to Addison. It’s that companies that sell dinars and dinar “gurus” vastly exaggerate the likelihood of a revaluation.

    “They’re basically told that it’s a sure thing. Nine out of 10,” Addison said. “When it’s actually one in a hundred billion.”

    Kotseos, like other dinar holders, have found support in dinar communities online.

    The investors, who call themselves “Dinarians,” gather on forums with names like Dinar Detective to dissect every news item for what, if anything, it could mean for their dinar. On another site, Dinar Vets, would-be posters have to verify or “dinar-ify” themselves by posting a picture of their dinars to prove that they are really committed to the cause.

    Other fans post dinar “unboxing” videos on YouTube, filming themselves as they open envelopes filled with the dinars they hope will make them wealthy. On Facebook, some dinar groups are devoted to praying for the dinar revaluation to come sooner.

    But the dinar-specific corners of the internet are also rife with manipulation. In October, the owners of a Georgia-based dinar reseller that made $600 million selling the dinar and other currencies were convicted of fraud for misleading investors about the dinar’s chances to gain value.

    Their scheme, according to prosecutors, included paying off a dinar “guru” to tell his fans in chat rooms and conference calls that he had high-level sources in American and Iraqi government and international financial institutions who were sure a revaluation was imminent.

    Dinar holders had what one of the accused sellers described as a “cult-like” devotion to their dinar guru’s news. But according to prosecutors, those government “sources” were entirely fictitious.

    The most devoted dinar investors tend to become obsessed with the minute details of Iraqi politics, convincing themselves that a new director of the Iraqi central bank or a particular infrastructure program in Nineveh is all that stands between them and millions of dollars.

    Kotseos herself has dived headfirst into the dinar internet, tweeting regularly about her RV theories. She’s also invested in the Vietnamese dong, a dinar rival that’s worth even less, and she has strong feelings about various Iraqi politicians.

    “With what’s going on in Iraq right now, everything is so hopeful,” Kotseos said.

    Kotseos also spends a portion of each day in a dinar chatroom, where dinar holders try to convince one another that their investment will eventually pay off. Instead, she tries to promote “hopium”—dinar-world slang for optimism about the currency.

    “Some people get a little negative,” said Kotseos, who also tweets about the pro-Trump QAnon conspiracy theory. “You’ve gotta squish it fast. We just support each other.”

    Kotseos said her family can afford to lose their dinar investments, if the currency never appreciates. But she’s convinced that she’ll be able to resell her dinar and at least recover a majority of her investment.

    Those prospects are actually somewhat unclear. Many resellers will only buy back a portion of the dinars they sell, and they tend to sell them at already inflated prices.

    But for now, Kotseos isn’t selling. She said she has seen ads offering to buy back dinar, but she ignores them.

    “You’re not getting my dinar,” Kotseos said.



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  5. President Donald Trump stepped up his criticism of the Federal Reserve Wednesday, upping the ante by declaring the Fed should explore negative interest rates. Investors and economists say this could be a disaster for the U.S.


    The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....


    The Federal Open Market Committee is expected to cut the benchmark interest rate by at least 0.25% when it concludes its meeting next Wednesday, to 1.75%-2.00%. It’s low by historical standards, but rates around the globe are lower still — and some are already in the negative.

    Liz Ann Sonders, chief investment strategist at Charles Schwab, said negative rates are far from a panacea.

    “Do I think that’s the elixir for what ails us? No,” she told Yahoo Finance’s On the Move. “We’re learning that negative interest rates have not been a powerful igniter of economic growth, and I don’t think it would be any different here.”

    The European Central Bank — which is set to make an interest-rate decision Thursday — has held its main refinancing rate at zero since 2016. Germany’s 10-year government bonds have had negative yields since May. Its shorter-term, two-year debt has had a below-zero yield for the past five years. It hasn’t served to boost the nation’s economy; German gross domestic product fell by 0.1% in the second quarter.

    A lot of uncertainty

    Sonders said that cutting rates targets the wrong problem — liquidity — instead of the real problem — the trade war.

    “What ails us right now is a tremendous amount of uncertainty, a serious diminishing of animal spirits, particularly on the corporate side, a rolling-over in capital spending intentions, all tied to the trade war,” she said.

    Cutting rates to zero or below would also disincentivize savers in the U.S. It would theoretically mean banks could pay zero interest on deposits — or that depositors could even pay banks for holding their money.

    “As a highly-leveraged property developer, Trump is thinking about negative rates from the perspective of a borrower, but the Fed’s lukewarm appetite for negative rates is partly because officials know that it could cause outrage among savers and drag the central bank into a political maelstrom,” wrote Paul Ashworth, chief U.S. economist at Capital Economics, in a note responding to the president’s tweets.

    Even the CEO of the country’s largest bank is on guard. Jamie Dimon of JPMorgan Chase said at an industry conference Tuesday that he doesn’t think rates will go negative, but the bank is prepared for the possibility




    Don the con wants you to pay banks to keep you money there. He is now aligned with the IMF saying negative rates are good... You understand that right? Now you get less than 1% interest from your bank. That means if you look at you statement you are getting pennies to keep your money in the bank... Don the con's idea of negative rates means the bank would pull that negative percent out of your account for you to keep you money there... He wants you to pay the bank to keep your money there....I'm glad he fighting for Americans!!!! No wonder he is a failed business. He thinks negative interest is a good thing...



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  6. 4 minutes ago, greeley said:

    Instead of posting a photo of the Twin Towers burning on Sept. 11, 2001, we wanted to share this photo of the Tower of Voices at the Flight 93 Memorial in Shanksville, Somerset County. Standing 93 feet high, it features a wind chime for each of the 40 individuals who died on Flight 93 when the hijacked plane crashed in the field on that fateful day. It's often quite windy there at the 2,200-acre park and the sound of those wind chimes is breathtakingly beautiful. If you have a chance, visit the Flight 93 Memorial and never forget what happened on that tragic day.



    That is a wonderful and positive post... Thank you



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  7. Just now, ladyGrace'sDaddy said:

    Here ya go @bostonangler

    This is what today is About


    I understand... In fact we are having a ceremony downtown today and I will be there with family, friends and neighbors. My rescue teen is going as well to learn about it. She was born right after 911 and her and her friends don't understand the meaning of this tragedy. Like everything else to them they don't think of it as big deal. I'm hoping when they ring the bell and call out the names of the victims, that it may affect her inside... I applaud your thread and postings. I don't applaud the idea this was some socialist democrat plot. In fact, I find the this idea ludicrous... You accused me of hate. You're one posting hate for people who had nothing to do with it. I hope you actually watch the documentary I posted. You will learn a lot from engineers, architects, security experts and many more. I would like you opinion of how and why Americans were killed after watching what all these real people have analyzed.



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  8. Just now, ladyGrace'sDaddy said:

    Does your opinion make any of the thousands of deaths since 9/11 less relevant? This is about the people who died. Try to find a heart in your chest somewhere if you can.


    This is about the people murdered... I think knowing who killed them is quite relevant... This was an attack on American people by our own evil doers for profit... That is more than relevant... In my opinion.



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