Replies to post #1134 on Direxion Daily Financial Bull 3X Shares (FAS)

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Shoe missed the IMF chief >> Police clash with protesters outside finance meeting in Turkey


((((((~~~ The saga of God vs Mammon continues. What the mammon does not understand is that --- HEAR YE, HEAR YE --- JESUS already established NWO when He was born. They are attempting what is already accomplished. duh ~~~))))))))))



ISTANBUL, Turkey (CNN) -- Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.

Demonstrators threw paving stones and vandalized parked cars, according to CNN Turk.

The violence came as top officials of the IMF and World Bank wrapped up their annual session and made a public call to establish a "new world order" of economic relations in the wake of the global economic crisis.

During Tuesday's protests, Turkish authorities said they arrested at least 80 demonstrators. The protesters set up make-shift barricades, briefly blocking major streets and threw Molotov cocktails.

On Tuesday, one Turkish newspaper headline read: "Socialists Under Smoke." Another paper headline announced: "While leaders are delivering speeches defending the struggle against poverty at the IMF meetings, protesters outside declared war on the IMF in the name of poverty."

Turkish Prime Minister Recep Tayyip Erdogan denounced the protesters, in a speech Tuesday morning at Istanbul's Yildiz Technical University.

"Protest does not mean attacking. Protest does not mean smashing windows," he said. "By smashing windows, you take away shopkeepers weekly, monthly profit.

The meetings sparked passions from the start. Last week, a protester threw his shoe at IMF director Dominique Strauss-Kahn during a question-and-answer session at an Istanbul university. The shoe missed the IMF chief.

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Bernanke scam continues >>> Economic crisis hits property that may have sheltered Capone

(((~~~ Sure, ruthless bust and steal from all. Did note worse than mafiat, now, stealing from the US Treasury. ~~~)))))

By Stephanie Chen

(CNN) -- Al Capone's legend of bootlegging, gangland slayings and tax evasion lives on more than 60 years after the Chicago gangster's death. Now comes a footnote that is a sign of the times: foreclosure.

A Wisconsin lodge that may have been one of Capone's old hideouts goes on the auction block this week with a starting bid of $2.6 million.

The two-story stone lodge, tucked away on 407 acres in Couderay, Wisconsin, was owned by the Capone family in the 1920s. It will be auctioned Thursday on the steps of the Sawyer County Courthouse, three hours from Minneapolis, Minnesota, according to an ad in the Chicago Tribune.

The property includes a 37-acre lake and eight-car garage.

The Tribune ad was placed in September by the Chippewa Valley Bank. The property, owned by Hideout Inc. owner Guy Houston, went into foreclosure in April 2008.

The Houston family purchased the property in the 1950s and transformed the home into a tourist spot. Visitors paid a few dollars for a walking tour of Capone's reputed hideout. iReport.com: More views of Capone's compound

The lodge is fortified with stone walls at least a foot thick and a guard tower. There is a separate facility that resembles a jail on site.

"There has been a ton of interest since we ran the article," said Joe Kinnear, vice president of Chippewa Valley Bank in Wisconsin. He added that at least 100 buyers have expressed interest.

Neither Houston nor the property owner's attorney, Todd Smith, could be reached by CNN.

Since bank officials announced a few weeks ago that Capone's hideaway was for sale, the news has traveled across the country -- and the world.

The property holds enormous nostalgic value, Kinnear said. After all, he noted, Al Capone's name is closely associated with Chicago, Illinois.

"This guy really has incredible fame power," said John Russick, senior curator at the Chicago History Museum. "He became this icon for a whole profession of underworld figures, and people are fascinated with that."

With his expensive suits, wide-brimmed fedora and cigar, the gangster who relished the media spotlight became the face of lawlessness during the Prohibition era.

From 1925 to 1931, Capone was Chicago's most notorious organized-crime boss. He ruthlessly relied on intimidation, bribes and violence, according to gangster lore.

Even some state and local law enforcement officers turned a blind eye when Capone's gang committed crimes, leaving the feds to chase him, historians say.

But life as a crime kingpin brought a growing list of enemies, said Arthur J. Lurigio, a professor of criminology at Loyola University Chicago, who is also working on a documentary and book about organized crime in Chicago.

"He wanted to get away from his enemies," Lurigio explained. "He had already escaped death several times."

Lurigio said the Wisconsin hideout was probably just one of many retreats. Capone found respite at properties in Indiana, Michigan and Florida, too. The rural locations were ideal because Capone's rivals wouldn't travel that far to hunt him down, Lurigio said.

No one can say for certain whether Al Capone ever stayed in the Wisconsin lodge. Because he operated an illegal business, there are few written documents with clues on where he spent his time, historians say.

State University of New York at Oswego professor emeritus Luciano Iorizzo, who wrote "Al Capone: A Biography" in 2003, said he has never come across evidence that Capone visited the Wisconsin hideout.

Jim Ferguson, vice president of the Sawyer County Historical Society, said there is no hard evidence that Capone visited the property, though some locals say they spotted Capone in their community.

More likely, Ferguson said, Capone's brother, Ralph, who was in charge of soda bottling plants, lived on the property at some time.

"It was a very nice place," said Ferguson, who visited the property several times when it was open to tourists. "There was an open staircase going up to the second floor and a second-floor balcony."

The lodge, which the owners claims has the original Capone furnishings, was cozy, he recalled. The antique furniture captured the wooded Wisconsin lifestyle, Ferguson said. Animal pelts and elk heads decorated the walls.

If Capone did indeed retreat to the Couderay property, there was plenty of game to hunt, and the lakes are famous for fishing. According to historians, the 6-foot-tall, 200-pound crime boss enjoyed outdoor sports. He was an amateur athlete who began boxing in his adolescence and battled top fighters of the time, including Lou Ordoni and Babe Lancaster.

Henry Binford, a professor of history at Northwestern University, theorizes that the hideout was a stopover in the transportation of liquor to Chicago during Prohibition. It's rumored among locals that planes from Canada that were filled with alcohol docked on the small lake.

"Being an ostensible businessman, he had a lot of channels of supply," said Binford, who points out that the lodge is located close to the Canadian border.

Capone's illegal activities caught up with him in the 1930s. His most infamous mob war, the 1929 Saint Valentine's Day Massacre in Chicago that killed seven rivals, further enticed federal agents to catch him. In 1931, he was convicted of tax evasion and sent to Alcatraz prison in California.

This summer, when the hideout tours were shut down, Leslie Strapon, assistant executive director of the Hayward Chamber of Commerce, said her office received hundreds of calls from disappointed tourists.

"Everyone is patiently waiting to see what's going to happen with the place," she said. "It would be nice if it fell into the hands of someone who was wiling to reopen and carry on the tradition."

All AboutAl Capone • Wisconsin • Tourism • Chicago

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Sue FED for $100T for 100yrs of fraud >> Direxion Shares ETF Trust Named by Weiss & Lurie in Class Action

If you purchased or otherwise acquired shares in the FAZ Fund, you may move the court no later than November 17, 2009, to serve as a lead plaintiff of the class.


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A class action lawsuit against Direxion Shares ETF Trust (“Direxion” or the “Company”) and certain individuals associated with the Company was commenced in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired shares in the Financial Bear 3X Shares Fund (NYSE:FAZ) Arca (the “FAZ Fund”) offered by Direxion pursuant or traceable to Direxion’s allegedly materially false or misleading Registration Statement issued in connection with the FAZ Fund’s shares (the “Class”) during the period November 3, 2008 through April 9, 2009 (the “Class Period”).

The complaint charges Direxion and certain of its executive officers with violations of the Securities Act of 1933. The complaint alleges that defendants misrepresented or omitted information regarding, among other things, true risks of the Company’s highly leveraged ETF products for those investors in the FAZ Fund for more than a day.

This action seeks to recover damages on behalf of investors who purchased Direxion securities. Plaintiff is represented by Weiss & Lurie, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of shareholders in federal and state courts throughout the United States. Weiss & Lurie has been responsible for collectively recovering more than a billion dollars on behalf of class members and is one of the nation’s leading firms representing shareholders in securities class actions.

If you purchased or otherwise acquired shares in the FAZ Fund, you may move the court no later than November 17, 2009, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.

If you want to obtain a copy of the complaint or want more information about Weiss & Lurie or this action, or if you want to obtain a Certification form to serve as a lead plaintiff, please visit www.weisslurie.com. If you wish to receive an investor package or if you wish to discuss this action, have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact:

Joseph H. Weiss and/or Mary A. Nastasi, [phone] or [phone] or via Internet electronic mail at [e-mail] or by writing Weiss & Lurie, The French Building, 551 Fifth Avenue, Suite 1600, New York City 10176.

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Madoff clone: Bernanke/Goldman are fraudulent report experts -- economic numbers are misleading and fraudulent.

>>> And that adds risk to any relatively upbeat assessment, since foreclosures depress the value of nearby properties while eroding the net worth of homeowners and the tax base for communities nationwide.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42299385

Based on the manipulated economic data, they hyped financials and markets. The Madoff clones should be sent to jails.

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FED fraud: FAS 86.70 3.28 3.93% 14,584,556


Abolish FED -- there is no hope under the Fed fraud.

After the FED fraud >> US No Longer Top Global Financial Center: Roubini

(((~~ of course those criminal has stolen trillions out of Americans and continuing to still from the country on the way to bankrupt the nation!! These economic commentators are also fraudulent and misleading to defraud many. After the criminals stealing from the country and Americans, what else can anyone expect! ~~~)))

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| 08 Oct 2009 | 10:51 AM ET

The United States has lost its perch as the global financial center of the world, something economist Nouriel Roubini attributes to the lingering effects of the 2008 credit collapse.

In a survey released Thursday morning, the World Economic Forum lists the US third behind the United Kingdom and Australia as the world's top centers.

The UK maintained its rating even though, like the US, it has suffered from the problems in the financial system and the resulting effects across the business spectrum.

"Certainly there's been a significant drop in the overall score of the US and UK relative to last year," Roubini, a professor at New York University and head of RGEMonitor.com, said during a live interview on CNBC. "Right now the difference between them and the rest is smaller, and in terms of financial stability they look very weak."

Roubini said the rankings look at financial sector development, currency trading and derivatives as well as banking and non-banking activities.

The US is followed on the list by Singapore and Hong Kong.

Roubini also repeated his contention that the US economy is facing a U-shaped recovery of prolonged slow growth, saying "there's still a significant amount of damage in the financial system."


URL: http://www.cnbc.com/id/33223870/

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Bernanke Fraud >> Fed Is Split Over Timing of Rate Rise (((~~ Using all kinds of deception and distraction, the fraud continues robbing and stealing from the nations. ~~~)))



| 09 Oct 2009 | 10:47 AM ET

Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.

With Fed officials forecasting that unemployment will average 9.8 percent in 2010, nobody appears to be arguing that monetary policy should be tightened anytime soon. The central bank’s official mantra continues to be that the overnight federal funds rate will remain “exceptionally low” for “an extended period.”

But Fed officials have hinted at new disagreement in recent weeks. The arguments go beyond the traditional split between hawks, who worry that easy money will stoke inflation, and doves, who contend that unemployment is the top problem.

The more devilish debates are about how fast to act once the decision has been made, and how to carry it out. Beyond raising the overnight federal funds rate, the Fed also has to unwind $2 trillion in special programs that prop up paralyzed banks and credit markets.

Where Ben S. Bernanke, the Fed chairman, stands in the emerging argument is a question mark. At a conference held by the Fed on Thursday evening, he assured economists that the central bank had a detailed list of tools to reverse course but offered no new hint of when he planned to begin his exit strategy.

“When the economic outlook has improved sufficiently, we will be prepared to tighten the stance of monetary policy and eventually return our balance sheet to a more normal configuration,” Mr. Bernanke promised.

Any move to tighten monetary policy over the next year or so could set the stage for a clash between the Fed and the White House. The Obama administration has been outspoken in saying it does not want a quick end to stimulus policies, whether fiscal or monetary.

Policy makers are haunted by the results of previous miscalculations. Mr. Bernanke and others have warned that the central bank should not repeat its error in 1937, when it raised interest rates too early and helped extend the Depression for several years.

At the same time, officials at the Fed are acutely aware that it has been widely blamed for contributing to the housing bubble and the financial collapse by keeping the cost of borrowing too low for too long after the recession of 2001.
# Track Bond Prices Here

One hint of the discord came Tuesday, in a speech by Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City.

Though he stopped short of calling for immediate rate increases, Mr. Hoenig made it clear that he was getting impatient.

“My experience tells me that we will need to remove our very accommodative policy sooner rather than later,” he told an audience of business executives. “Even if we were to start immediately, much time would pass before incremental increases could be considered tight or even neutral policy.”

Mr. Hoenig is not currently a voting member of the Fed’s policy committee, on which the regional Fed presidents hold rotating seats, but he presents his views at all meetings.

And he is not alone.

Richard Fisher, president of the Federal Reserve Bank of Dallas, sent a similar message in a speech on Sept. 29. “That wind-down process needs to begin as soon as there are convincing signs that economic growth is gaining traction,” he told a business group.

Other Fed officials with similar views include Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond; Charles I. Plosser, president of the Philadelphia Fed; and Kevin M. Warsh, an influential Fed governor.

By contrast, some top Fed officials in Washington and New York have repeatedly emphasized that the economy is still extremely weak and that unemployment, already at its highest level since the early 1980s, will probably climb above 10 percent and remain high for several years.

“The turnaround is certainly welcome, but it shouldn’t be overstated,” Daniel K. Tarullo, a Fed governor, said on Thursday in an address to a civic group in Phoenix. “The employment situation continues to be dismal.”

William C. Dudley, president of the New York Fed, presented a detailed case that seemed aimed at responding to those calling for a quick end to low rates.

“Some observers are concerned that this expansion will ultimately prove to be inflationary,” he told an audience at the Corporate Law Center at Fordham University. “This concern is not well founded.”

Mr. Dudley noted that unemployment among working-age men was 10.3 percent — higher than in any other downturn since World War II.

On top of that, he said consumers were reeling from the “wealth shock” caused by the collapse in home prices and by losses to their stock portfolios. That could cause people to increase their saving rate, meaning less consumer spending in the short run.

Finally, Mr. Dudley cautioned that banks faced another wave of losses from loans tied to commercial real estate.

Beyond the disagreements about the relative dangers of rising prices versus rising joblessness, Fed officials are grappling with how to decide on the need for higher interest rates.

Mr. Bernanke and other officials want to see evidence that the economic recovery is self-sustaining, strong enough to generate jobs without the crutch of extremely low interest rates.

But Mr. Warsh, as a Fed governor, has begun arguing that the central bank cannot afford to wait for irrefutable evidence of a solid expansion. Mr. Warsh recently argued that the Fed should take at least some of its cue from stock prices and other financial indicators, which turn around earlier and more quickly than the underlying economy.

“If policy makers insist on waiting until the level of real activity has plainly and substantially returned to normal,” he warned in a speech on Sept. 25, “they will have almost certainly waited too long.”

Mr. Warsh and some other Fed officials also argue that when the time does come to change gears, the central bank may have to raise rates almost as fast as it slashed them when the crisis began.
# Slideshow: The Biggest Holders of U.S. Government Debt

It remains unclear whether Mr. Bernanke agrees with that idea, though he and other Fed officials have emphasized that they have planned carefully for the Fed’s exit strategy and have all the tools in place to reduce the special support programs quickly.
This story originally appeared in the The New York Times

URL: http://www.cnbc.com/id/33240453/

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The Fraud Bernanke, Goldman frankenstein -- world
Goodbye ~ FAS/FAZ