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Tag Archives: FED
Gold, Monetary Theory, Of Money and Metals, Silver, The Mint
Perpetuation of the Trillion dollar coin solution to US Debt
As our site name implies, we have more than a passing interest in monetary theory. As such, ideas for new types of coin and currency are of special interest. When the value of the coins proposed contains an insane amount of seigniorage, we are compelled to call it out.
The Fiscal Cliff melodrama playing out in the halls of US Federal Government's Capital has given rise to the above mentioned monetary insanity.
As the so called, moronic "Fiscal Cliff" false alarm approaches, it becomes more common for those of a Socialist/Statist leaning philosophy to search for easy solutions to what amounts to enabling catastrophic policy failures, out of control spending, and unsustainable debt pacts.
This is not surprising, as Socialism and economics are incompatible philosophies. Anyone who claims otherwise either mistakenly applies small system theory to large scale systems or is a shill. From one of these insane theorists comes the idea of the US Treasury coining a trillion dollar platinum coin to deposit at the FED, who would then cancel the Treasury's debts.
This will not happen, first and foremost, because the insane monetary system relies on debt as its lifeblood, as such, any debt cancellation by the underlying foundation of US Treasury debt is out of the question.
Second, it must be recognized that coining a trillion dollar coin, theoretically equal to 1/60 of global GDP, that anyone other than the FED would accept at face value, is impossible, it simply flies in the face of reason. The FED has been paying 100 cents on the dollar for the MBS toilet paper that banks have sold to them for years now, as such, any concept of value left the halls of the Federal Reserve years ago.
The third reason is that the US debt at the FED has already been largely canceled via the FED's various QE operations over the past several years. For the reasoning as to why the official US Debt held by the FED hasn't been lowered to better reflect its true drag on GDP, we refer fellow taxpayers back to reason one.
We will present more data to back this claim in the coming week. In the meantime, if someone offers you a trillion dollar coin, be sure to check the spot price of platinum before making a more reasonable counter-offer. In any event, you are better off holding the platinum, as someday it will be worth are least a trillion Federal Reserve notes, the shills at the FED and Treasury have assured it.
FEDFederal ReserveinflationplatinumSocialismTrillion dollar coinUS national Debt
The FED draws on its RRP Revolvers; Inflation solves the National Budget crisis and crushes the poor
"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than output" – Milton Friedman
Today we came across evidence that the massive amounts of money created out of thin air may no longer be benignly parked at the Federal Reserve. From Lee Adler at the wallstreetexaminer.com:
"The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest withdrawals from its deposit accounts that were not associated with quarterly tax payments since February of 2009…The Fed was apparently forced to take extraordinary measures to fund these withdrawals. These included the outright sale of nearly $24 billion in its Treasury note and bond holdings from the System Open Market Account. As a result, the Fed's System Open Market Account (SOMA) fell to $2.611 trillion, some $43 billion below the Fed's stated target of $2.654 trillion."
Mr. Adler goes on to state that in order to meet these withdrawls, the FED had to borrow $43 billion from foreign central banks through "Reverse Repurchase Agreements (RRPs)". In a sense, the FED had to make the equivalent of a good old fashioned margin call that foreign central banks had to scramble to make good on.
Could this be the reason that Italian Bonds yields are surging and the ECB cut rates unexpectedly last week?
Could this be the reason that the BoJ had to expand its Yen debasement program to the tune of 5 trillion yen?
Ever since the FED opened swap lines with foreign central banks, it has generally been the FED lending money to the foreign banks to assure liquidity. In this unexpected turn, the FED had to call in some of those loans to meet its own liquidity needs.
The FED is forced to draw on its RRP Revolvers
Could this be the first of what history will call a "Central Bank Run"? Only time will tell, but we would expect the FED to announce another, large scale dose of QE (Quantitative Easing) of its own in the next few weeks in an attempt to meet a similar event with fresh cash instead of a disruptive firing of its RRP revolvers.
In a way, this is the moment that the FED and all of the taxing authorities on the planet have been waiting for. Inflation is a government's best friend. It allows the wealth destruction that these defense and welfare agencies engage in to continue while socializing the costs in a manner that is imperceptible to the untrained eye.
Even the Deficit Super Committee is onto this fact. They are now discussing the use of the "Chained Consumer Price Index (CPI)" in place of the current CPI calculation for everything from Social Security COLAs to tax brackets to welfare qualification thresholds. From AP:
"Just as 55 million Social Security recipients are about to get their first benefit increase in three years, Congress is looking at reducing future raises by adopting a new measure of inflation that also would increase taxes for most families –(with) the biggest impact falling on those with low incomes.
If adopted across the government, the inflation measure would have widespread ramifications. Future increases in veterans' benefits and pensions for federal workers and military personnel would be smaller. And over time, fewer people would qualify for Medicaid, Head Start, food stamps, school lunch programs and home heating assistance than under the current measure.
Taxes would go up by $60 billion over the next decade because annual adjustments to the tax brackets would be smaller, resulting in more people jumping into higher tax brackets because their wages rose faster than the new inflation measure. Annual increases in the standard deduction and personal exemptions would become smaller."
Do you see how it works, fellow taxpayer? Inflation, combined with statistical shenanigans intended to mask it, is the magic pill for broken government finances. It is no secret that the Government's finances are a disaster, which is why we expect to inflation in generous doses.
How exactly does "Chained CPI" differ from the current CPI calculation? The article goes on to explain:
"Many economists argue that the chained CPI is more accurate because it assumes that as prices increase, consumers switch to lower cost alternatives, reducing the amount of inflation they experience.
For example, if the price of beef increases while the price of pork does not, people will buy more pork. Or, as opponents mockingly argue, if the price of home heating oil goes up, people will turn down their heat and wear more sweaters."
Are you laughing yet? Perhaps crying? Now listen to how the Government justifies it:
"A report by the Moment of Truth Project, a group formed to promote the deficit reduction package produced by President Barack Obama's deficit commission late last year, supports a new inflation measure. "Rather than serving to raise taxes and cut benefits, switching to the chained CPI would simply be fulfilling the mission of properly adjusting for cost of living," it argues."
If you are not yet laughing, crying, or laughing to avoid crying, allow us to assist you. What they are trying to say is that in the parallel universe in which the Government operates, the need to substitute more expensive goods for cheaper ones does not constitute a real loss of the purchasing power of the currency with which those goods are purchased.
After all, you can always put on a sweater, right?
Where the Government's logic, and ultimately society, begins to break down is at the point when all prices, beef, pork, heating oil, and sweaters begin to rise astronomically in tandem with each other. At that point, it becomes painfully obvious that the problem lies in the currency, not with the producers.
Unfortunately, at that point, the Government will have long since vilified and persecuted speculators and producers for alleged price gouging to the point that the productive part of society, those who grow food and produce raw materials, will have completely ceased to produce and/or fled the country. The subsequent lack of production will result in an increasingly scarce stock of real goods being quickly priced and re-priced in a currency which is produced at an incredible surplus.
In layman's terms, these events will be summed up in the phrase "hyperinflation."
If the FED has to draw once again on its RRP revolvers, it will be clear that the benign growth in the M2 money supply will have become malignant, and that hyperinflation will soon be in full bloom.
Chained CPICOLACPIDeficitFEDforeign central bankshyperinflationIncome TaxinflationPovertyReverse Repurchase AgreementsRevolverRRPSocial SecuritySOMASuper CommitteeWages
The Dow Rises against a Wave of Bad News, The Inflation Mega-Trend Releases Caged Currency into the Wild
The fairy tale of the world's current financial system continued today. Stocks crept higher in the face of what seems to be a deluge of bad news:
"Frustration mounts for MF Global clients" – Jon Corzine's firm cannot account for $600 million in client funds. Beyond the inability to deliver client funds on demand, MF Global clients began receiving margin calls as their collateral with the firm vanished. The ripple effect was so severe that commodities exchanges relaxed their margin rules in order to to avoid wider damage. The fall of MF Global was like an earthquake, now it is time to brace for the financial Tsunami.
"New Census data raise number of poor to 49 million" – The official poverty rate is 15.1%. However, it hits 16% when you slide the income bar just a bit higher to $24,343 for a family of four. In other words, one in six Americans is currently living below this slightly adjusted poverty measure.
"Italy bond yields soar; euro zone troubles deepen" – Lest we forget that the euro financial system is a complete disaster, Italian yields are climbing and the Italian bond market is beginning to resemble the leaning tower of Pisa. Then came reports that Spain only had 20 billion Euros in reserves at the end of August (they must have spent their savings on vacation!) and as their banking system crumbles, they are largely helpless to intervene to save it. Meanwhile France is now pushing austerity leaving Germany and the ECB as the only backstops in Europe.
Yet in spite of this disasterous news, the Dow is holding just above 12,000. What does it mean?
Far from signaling economic recovery, the action appears to be further evidence that what Nadeem Walayat at the Market Oracle calls the Inflation Mega-Trend (and consequent Stealth Bull Market in stocks) is firmly in place.
The Mega-Trend, as Mr. Walayat calls it, is the simultaneous debasement of the currency and spreading of deflationary propaganda intended to delay the public's reaction to the inflation caused by said debasement.
Think about it, while the FED, ECB, BoJ, and nearly every other Central Bank in the world pump money into their financial systems in order to "fight deflation" or "stimulate the export market," the average person has watched gas, food, and the price of nearly everything else (besides their paycheck) steadily rise over the past decade.
The the public is told that these steady increases are "healthy inflation" which is currently "understood" to be roughly 2% a year. This 2% in reality represents the indirect tax rate imposed on anyone who chooses to hold a currency as an asset or accept the currency as wages. There is not time here to properly refute the fallacy that inflation is somehow necessary for GDP growth. However, inflation is useful and absolutely necessary to keep an insane, "debt is money", ponziesque, wealth destroying monetary system functioning.
As the Central Bank creates trillions of dollars out of thin air in a vain attempt to stabilize the global financial system, the public is told that it this new currency is "benign" because most of the money is being held on deposit at the Federal Reserve simply to buffer the banks against falling asset prices and keep the ATM machines spitting out cash.
Yet, with the stock market maintaining its optimism in the face of seeming insurmountable odds, can you be sure that the FED's funny money is safely locked up in its electronic vaults, simply waiting to have foreclosed properties written off against it?
Will all of this freshly printed money really be content to simply die a quiet death, never having run through an ATM or point of sale transaction in the real world?
Oh, fellow taxpayer, we have our doubts. You should too. More tomorrow.
Dow Jones Industrial AverageFEDFederal ReserveinflationInflation Mega-TrendItalian BondsItalyMF Globalmonetary policyPoverty
The Bond Market Waterbed, Operation Twist causes the first of many weak US Treasury Auctions
At this point, most FED watchers have heard of the FED's latest move to appear to stimulate the economy while at the same time appear to control inflation, Operation Twist. In theory, the FED is simply reshuffling its bloated portfolio of worthless paper, exchanging the pieces of paper that have dates that are in the near future for pieces of the paper with dates farther off in the future.
Sounds simple enough, the FED is not directly increasing the money supply; rather, it is stepping from one end of the bond market waterbed to the other in an attempt to shake things up.
Now anyone who has ever jumped on or skipped along a waterbed knows it is a dangerous exercise.
The FED prepares to Leap to the Long end. Where will the water go?
Why is it dangerous? Because the FED, whose balance sheet is leveraged 55:1 as of October 5th, is telegraphing its trades in bold letters everywhere it can and is bound to be front run and take some losses. Any mortal bank, bound by the restriction of marking its assets to market, would need to raise capital in the open market, beg the Government for a bailout, or increase its clients' fees to cover these predictable losses.
Not the FED, they have the luxury of keeping their assets on the books at face value, running a negative capital balance, and printing the money necessary to absorb the losses. All of these strategies have the ultimate effect of robbing their depositors (anyone holding US Dollars) of purchasing power.
In the end, the Federal Reserve will become technically and later functionally insolvent.
They true tragedy in this gross, final expression of monetary madness by the FED is that they have no hope of achieving their stated goals. Ostensibly they are selling on the short end of the yield curve in an attempt to raise rates and somehow spur lending, yet at last check, rates on the short end are as low as they have ever been.
Meanwhile, long yields, the ones the FED is theoretically partnering with the "free" market in order to lower rates so that everyone can refinance their underwater variable rate mortgages, are rising.
Inconceivable! Yet true.
If today's US Treasury auction was any indication of things to come (and there is no reason to think that it will not be), then the weakened demand for Treasuries that expressed itself today could overwhelm any attempt for the FED to lower rates and the logical end game is that the FED will be the ONLY entity bidding on long dated Treasuries.
Picture the waterbed. A 300 pound Ben Bernanke jumps from one end to the other, where does the water go? Follow the water, then race to get off the bed. As long is Ben Is jumping on the bed, the bed (i.e. the Government controlled bond market that it represents) won't hold water much longer.
M2 Monetary Base: $9,473,100,000,000 YIKES!!!!!!!
Central BankruptcyFEDFederal ReserveOperation TwistTreasury AuctionWaterbedYield Curve
If the FED is the only Lender of US Dollars, the System has Collapsed
The dust is beginning to settle after what must have been a tense weekend for bank execs on both sides of the Atlantic. We can only imagine that banks pulled out all the stops to somehow make their numbers for the third quarter end. In a practical sense this meant putting the stranglehold on equity and commodity positions and hanging on to dollars with all their might.
The vacuum action in the dollar funding markets was so extreme that at one point it was rumored that US dollar funding for banks in Europe was apparently non-existent. We speculated that banks were holding on to cash in the absence of clear direction from the Eurozone as to how they intend to bail out their large institutions and governments.
The action looks like a sumo wrestling battle royal on the edge of a cliff.
The FED came to the rescue and re- opened its swap lines with European banks to provide dollars and avoid widespread panic. According to a report that we saw from Bloomberg, the FED had gone from its role as the lender of last resort to a role as the lender of ONLY resort.
We left off with a question which we will consider today:
Does the fact that the FED is the only institution willing to lend dollars indicate that the US Dollar system has technically collapsed?
On the surface, it would appear that the evidence points to just the opposite. The US Dollar index has gone through the roof which would indicate a preference for dollars, making them more valuable. Doesn't this prove that the US Dollar is alive and well?
Bernanke Readies his Helicopters
Were the Dollar backed by something real, the above would be true. However, in the current, insane, "Debt is Money" currency regime, it tells us quite the opposite. The fact that the Federal Reserve, the creator of the current version of the US Dollar, is the only institution willing to lend said Dollars is in fact evidence that the system has failed.
It has failed because it is no longer self sustaining. The willingness to take on new debt, which is the life blood of a debt based currency regime, is non-existent. The usurers need fresh blood in order to sustain themselves and finding no new victims, are beginning to feed on each other.
Financial Institutions are attempting to hoard dollars on a net basis. Instead of lending them to productive enterprises, they are paying down their dollar denominated liabilities. In other words, the productive classes have begun to shun the dollar on a net basis and the ultra leveraged financial sector is beginning to vaporize as the productive debts are cancelled.
Financial institutions see this vaporization taking place at their counterparties and are unwilling to extend them credit on any terms. The financial institutions which cannot meet their day to day funding requirements then turn to the Federal Reserve to lend them the Dollars necessary to meet their commitments.
The inter day funding action has, in effect, become a high stakes game of musical chairs.
While musical chairs is fun to watch, it is not evidence in and of itself of the collapse. The evidence of the collapse emerges as we fix our gaze on the logical end of this vicious feedback loop. The logical end is this: The Federal Reserve ends up holding every worthless paper asset on the planet on its balance sheet which theoretically backs the dollars which it is emitting in exchange. The banks, which are left with the dollars as their own "paper asset" and the Federal Reserve are left with staggering liabilities which they pass back and forth as investors, businesses, and consumers increasingly shun their paper.
For the moment, the world may have reached a peak in monetization, and the FED's money machine is now backing up as the sewage of every bad loan on the planet begins to flood their balance sheet.
It is getting ugly. How ugly? So ugly that Bank of America's website has been down for three straight days, presumably for technical reasons but avoiding an online bank run and forcing customers to pay $8 to bank at the branches come to mind as compelling technical reasons for a website failure.
Meanwhile, Europe is having their own "TARP moment" as Slovakian resistance is sure to be swiftly dealt with. We know where that will lead.
Yes, the end of the insane system is approaching. It won't be long now until the authorities pull out their ultimate trump card, a wholesale change of the currency. With nearly every government and bank on the planet heading to the poorhouse, it is the only trick that the currency regime has left.
Don't fall for it, fellow taxpayer, for it too shall fail.
BACBank of AmericaEuroEURO TARPFEDSlovakiaSystem Collapse
Reports of the FED as "Only" Lender of US Dollars, The Definition of a System Collapse
September 28, 2011 David Mint
We have taken a small breather here at The Mint. What has occurred in the past week simply boggles the mind. Precious metals have taken a beating and it is our guess that they will continue through tomorrow. The most interesting reasoning for the drop in Gold and Silver that we have heard is that there will be an announcement on October 4th limiting short positions on the COMEX.
Guess who has a huge short position in silver that needs to be covered this week? JP Morgan, to the tune of 121 million ounces. We can only guess at the machinations but needless to say, it would be very convenient for them to be able to cover their positions at a discount. Hence the increase in margin requirements at the COMEX last Friday which has shaken out the weak long positions this week.
Across the board in commodities, current prices reflect a rush to cash, not changing fundamentals.
Some interesting reading on the current, sorry state of employment in the US from US News:
15 Stunning Statistics About the Job Market
It is much worse than most imagine.
Other than that, chaos is reigning as the dollar funding markets for banks in Europe are apparently non-existent. As September 30, 2011 approaches, banks are holding on to cash in the absence of clear direction from the Eurozone as to how they intend to bail out their large institutions.
In the meantime, the FED has apparently opened up swap lines (read printing presses) to provide dollars to these banks. According to a report that we saw from Bloomberg, the FED has gone from its role as the lender of last resort to a role as the lender of ONLY resort.
We take this to mean that nobody is willing to lend US Dollars at any price to the largest banking institutions in the world.
Does this indicate that, at long last, the US Dollar system has technically collapsed?
Key Indicators for September 28, 2011
CommoditiesEuropean Debt CrisisFEDGoldSilverSystem CollapseUS Dollar
Economics, Events, The Mint
A run on BNP, Europe's Financial Collapse begins in earnest
While it was a rough day for equity markets everywhere, in light of what is occurring, they (the markets) were amazingly resilient. A testimony to how fast the monetary spigots at the Central Banks are running.
There are two events that appear to be on a collision course with destiny today (No, neither of them is the NASA space junk hurtling towards the earth). It feels as if the world is reaching a sort of inflection point in modern history. Perhaps a great awakening is about to occur. Will people's faith in Central Banking finally be broken?
The colliding events are the Palestinian bid for official recognition by the United Nations, scheduled for tomorrow, and the emerging institutional bank run on BNP Paribas.
The Palestinian situation needs no further discussion. It is clear to most that it is an explosive topic to which the bid for recognition threatens to detonate, much in the way the Israeli Declaration of Independence ignited war in Palestine in 1948.
The Institutional run on BNP Paribas is an event that is occurring as we write and it is unclear how it will play out. Reggie Middleton at the BoomBustBlog, is chronicling this event in real time. If you are interested, we highly recommend following the event there.
Real Money Fleeing the Continent!
We have read reports of Lloyds of London, the famous Insurance Marketplace, pulling a great deal of its deposits out of banks on the continent. We have also read reports of Siemens pulling deposits and parking them directly at the ECB.
Then there was the report of the ECB making an emergency loan of $500 million US Dollars to an unidentified bank (read BNP) with similar loans to other institutions in the cue. It is clear that the banking crisis in France is dwarfing the ability for the French government to deal with it.
There is no use pointing out the many lessons that society will learn from this, for only one is expedient at the moment. That lesson is that digital bits on a computer screen or numbers on a bank statement are worthless if the counterparty cannot make good on their commitments.
The run on BNP will intensify the focus on Western Central Banks, which have balance sheets that make BNP, BAC, and all of the other large sinking banks look good by comparison. This is important because a good part of the world is to some extent a counterparty to the Central Banks.
Need proof? Open your wallet. If you have US Dollars or Euros, you are a counterparty to (owed money by) the Federal Reserve or the ECB, whose management is currently buying every worthless paper asset on the planet with leverage that is unimaginable for mere mortals.
Dollar and Euros are about to become extremely hot potatoes, which makes trading them for potatoes, spuds, or anything real, a real good idea.
Let us pray for the peace of Jerusalem, and that tomorrow passes uneventfully on all fronts.
Bank RunBNP paribasECBEuroEuropean Debt CrisisFEDFederal ReserveIsraelLloyds of LondonPalestineSiemensUS Dollar
Economics, Politics, The Mint
Markets go up, Slovenia goes down, Dissing the State, Embracing Anarchy
The Stock market is absolutely resilient in the face of news ranging from bad to UGLY. Presumably, the slow motion debt market collapse occurring in Europe is priced in, and it may be this very collapse that is driving money into US equities. In the insane "debt is money" system, the money can only go so many places, and there is currently so much money sloshing around that it is a wonder everything isn't going up in price.
Oh, wait, it is! The CPI came in at 0.4% for August. Nothing to write home about but at this pace the annual CPI could hit 5%, well above the FED's 2% target.
And we haven't seen anything yet. Tomorrow, the Federal Reserve will meet and be expected to "do something." Lately, "do something" has meant that the FED offers to throw perfectly good Federal Reserve notes at various forms of bad paper issued by companies and governments who never intend to make good on them.
At this stage in the game, it is now a given that if perfectly willing market participants won't buy the paper, surely the FED must do it. "So what?" say you, "Let the FED waste its own money!" If only it were that simple, fellow taxpayer.
Unfortunately, the FED's money, by decree, is everybody's money. Every bad decision by the FED reduces the purchasing power of every dollar holder on the planet, making nearly all of us involuntary shareholders of this worthless enterprise, and management at the FED has been making some very bad decisions with very large sums for about four years now.
As a concerned involuntary shareholder of the FED we are compelled to offer the following unsolicited advice: Why not just wait until January, when the 0% FED funds "trickle" their way down to Main Street? Then things will really be interesting. That is when the US Dollar in its present form will go the way of every other paper currency in the history of mankind.
Fellow taxpayer, prudence demands that one make immediate plans to replace anything that depends upon the value of the US Dollar with something real. By the time the FED gets around to doing it for you, by introducing a New Dollar, current inaction will have caused anyone with faith in the dollar to suffer horrendously tremendous losses in relative purchasing power.
Back in the rotting old world, to quote Nabokov, the Euro debacle just became more complicated as the Slovenian government failed a confidence vote. The President is now left trying to cobble together a government and the rest of the Eurozone will presumably have to wait at least 30 days to get Slovenia's approval for the next round of good money to be thrown at Greece.
It is useless to point out that the Eurozone governments, like their American counterparts, are simply throwing good money after bad. As we have observed here before, throwing money at failing enterprises is their only solution. Besides, they have banking interests to protect. Soon they will be spreading propaganda that ATMs won't spit out Euros and the world will end if the Greeks are not supported.
That may be true, but these unpleasant outcomes will eventually come to pass no matter what the Euro FEDs do.
This is how the State, which by definition can do nothing but destroy wealth, operates. Western societies, and dare we say, the entire world are now beginning to suffocate under the weight of the current form of welfare/warfare state which exists to make promises on behalf of its productive citizens to its unproductive citizens.
Then, after enslaving the productive citizens, the State then makes promises to support the banking and military interests in order to ensure that the productive citizens remain enslaved.
Is Anarchy the Answer?
At some point, each citizen decides that they are either better off becoming an unproductive citizen, working for the State taskmaster as a banker or provider of "security", or fleeing beyond the State's ability to enslave them. Western society is quickly approaching the tipping point where a majority of its productive citizens will be forced to make this choice.
Faced with such facts, an intelligent fellow taxpayer such as yourself is surely asking (or should be asking, if we may prompt you), "Isn't there a better way?"
In other words, is the State really necessary? Today we read a brilliant essay on this very subject by Stefan Molyneux. We encourage you to peruse it at your leisure. You can see it by clicking on the link below:
The Stateless Society – An Examination of Alternatives
If you are limited on time, it is enough to say that Molyneux lays out compelling, logical arguments about how the free market would more effectively take care of the tasks which are currently relegated to the State. Specifically, he examines three activities which pro-State apologists claim that the free market will not solve on its own, making the State's existence a necessity: Dispute Resolution, Collective Services, and Pollution.
After reading Molyneux's arguments, it seems that now more than ever that embracing Anarchy is the answer to what ails society.
Much more than simply the answer, it is clear that the true chaos in not created by the Stateless Anarchist model, rather the present chaos is a product of entrusting the State with too much power.
How else can one explain how every present effort the Government uses to "improve" its citizen's lives serves to collectively impoverish them?
Anarchy. GreeceECBEuroFEDFederal ReserveMolyneuxNew DollarPollutionSloveniaStateless SocietyUS Dollar
The Disguise, Greece plays roulette with the Eurocrats, How inflation will express itself in USD Prices
The moment of truth is approaching for Greece. Today the headlines flashed that the markets were pricing in a 98% chance of the Greeks defaulting on their sovereign debt. A great lesson is about to be learned. Is anyone paying attention?
The great lesson is the following: Reliance on governmental and/or central bank action to stave off a default is not a sound strategy. You may get lucky once, twice, even three times. If one is particularly unfortunate, the strategy may even work many times in succession.
The government reliance strategy is like idly watching spins a roulette wheel with all your chips on red. With enough spins, the ball will eventually drop on a black. Think of it as the governmental version of a black swan.
Gambling on Government intervention
In the case of Greece, who abandoned its 2,000 year old currency to join the Euro club, there seems to be a lack of political will to ink the rubber stamp which approves the Greek's next ration of Euros. The taskmasters of the Eurozone are starting to realize that each time the stamp is inked, the sewage of Greek finances leaks a little further into their well.
The populace is starting to get sick to their stomach, as are large banks on both sides of the Atlantic. The French banking giants are queasy because much of the Greek debt is on their books. In the New World, where about half of Greek debt is insured, the banking giants are getting nauseas. It is the nausea of a drunk man realizing he will be stuck with the bar tab after his buddies sneak out of the tavern.
Meanwhile, as the politicians and central banks continue to bungle their way through this information, the market has already priced it in.
"Priced in?" Astute, shocked, and astounded readers are surely thinking, "Then where is the crash in stocks and bonds?"
Astute readers, of course, are right. There is a crash occurring right now in stocks and bonds. However, bond yields are down and the stock market is up because the crash is occurring against the backdrop of rapidly depreciating currencies and as such, the debauched currencies are disguising the crash.
The Disguise
Astute readers now have a collective light bulb in their head illuminating as they clearly see that inflation in consumer prices is set to accelerate in the near future. Naturally, this obvious inflation would not be tolerable and as such must be masked in order for the general public to peacefully accept it.
For this acceptance to peacefully take place, the inflation must come in disguise. Here is what is likely to occur once the loosened up monetary policies of the FED, ECB, BoJ, and BoE are in sync (with apologies to the 1990's boy band):
A new dollar will be introduced with a convertibility ratio from old dollars of 10:1. In other words, each current dollar will be the equivalent of a new dime.
Voila! No inflation here. The new and improved dollar now buys more than ever!
The Debauched Dollar in disguise
Why choose a 10:1 ratio? There are two compelling reasons for the US Currency to go through a reverse 10:1 split. First and foremost, it is simple. Since a majority of the world's commerce is conducted in dollars, the disguise must be mathematically simple. What could be simpler than moving a decimal place?
The second reason is less obvious but perhaps more compelling from the point of view of the monetary authorities. The disguise would immediately eliminate the need for pennies and nickels and increase the demand for dollar coins.
At this stage in the game, it costs the US Mint more to create pennies and nickels than they are worth. While we are not certain of the exact numbers as of today, some estimates have the value of the metals needed to create a nickel valued at $0.07 while the metals needed to create a penny are valued at $0.012. This is before considering the energy and equipment necessary to strike the coins and distribute them.
At current metal prices, which are unlikely to drop in the near future, the US Mint is producing nickels and pennies at a loss.
This embarrassing detail makes the purchase of nickels and pennies a better risk free investment than US Treasury Bonds, the world's current safe haven of choice. The metal premium for Platinum, Gold, and Silver coins is widely known. At some point, nickels and pennies will disappear from circulation and their metal premium will take precedence over their face value.
Still, one may ask, "What difference does it make? This 10:1 switch sounds like a great idea. I'm sick of pennies!"
Oh, if only the switch were price neutral, it would make no difference at all. How, then, do the stock, bond, and almost every other market continue to rally in the face of questionable macroeconomic fundamentals?
Tune in tomorrow.
Trust Jesus and Stay Fresh!
Inflation Rate (CPI): 0.5%!!! UP 0.7% IN ONE MONTH, 8.4% ANNUALLY AT THIS PACE!!!
Dow Jones Industrial Average: 11,061 TO THE MOON!!!
BoEBoJECBEuroEurocratsEuropean Debt CrisisFEDFederal ReserveGreeceinflationNew DollarRouletteUS Dollar
Economics, Jesus, The Mint
Forgiveness, the FED, Bank of England, Bank of Japan, and ECB to coordinate actions, will they formally peg exchange rates?
September 9, 2011 David Mint
9/9/2011 Portland, Oregon – Pop in your mints…
Much ink is being spilled today in anticipation of what may or may not happen as the 10th anniversary of the events that occurred on September 11, 2001. Here at The Mint, we take the somewhat radical view of the Amish in response to tragic loss. We must forgive. An important part of forgiveness is to avoid making or observing a memorial to the offense. Memorializing an event is to keep it present before us.
As the US Empire is now conducting at least three extremely expensive military adventures which have their origins in the events that occurred that fateful day, forgiveness is probably not on many people's minds this weekend. Meanwhile, millions of dollars are being spent to memorialize it.
We must forgive. It is our opportunity to choose the tree of life over the tree of the knowledge of good and evil. To repair the fateful error made in Eden.
Under the cover of this memorial, we sense that an extraordinary event will occur which will impact the fortunes of many in the US, England, Japan, and Europe and others outside their borders with exposure to their respective currencies.
The Event which we refer to is the coordinated debauchery of their currencies.
For the past four years, the FED, BoE, BoJ, and ECB have been engaged in a desperate attempt to debauch (devalue) their currencies. They have had the predictably mediocre to poor results that one would expect from efforts made by this rare hybrid of an agency which combines the laziness of the banking class with the incompetence of the governing class.
The goal seems simple enough. Print money to pay existing debts and encourage people to spend and to take on new debt. So simple, that each of these Central Banks is currently running at their own pace down this calamitous path with little regard to how the outside world is reacting.
Guess what? The outside world is not reacting as expected.
What they did not take into account, at least until now, was that there is quite a bit of money to be made from the fact that they are all running at different paces down the same path. The nature of international finance is such that one Central Bank's unbridled effort to debauch its currency leads to an opportunity to profit by borrowing in that nation's currency and purchasing one of the other three currencies, which undermines the debauchery of the currency that is being purchased.
Stark, as most thinking persons, cannot stomach the debauchery in his midst
This is commonly known as the carry trade, and these large Central Banks have taken all of the guess work out of it for the past four years.
We suspect that these four Central Banks see the immediate need to eliminate interest rate spreads amongst their currencies which will force those who ply the carry trade to purchase currencies outside of this group.
In effect, this ultimate coordination of interest rate policies will cause these four currencies to "peg" to each other, which should assure that the debauchery of their respective currencies will continue unchecked and likely accelerate.
According to Bloomberg, there is speculation that this type of coordination, a de facto currency peg to the dollar, could begin this weekend at the G-7 Meeting.
Will another stealth disaster befall the US this weekend? If these Central Banks somehow coordinate their collective debauchery of the currency, the economic devastation of millions will march on.
Perhaps this is why Juergen Stark has suddenly stepped down from the ECB. It will be more than any caring Bundesbank official can stomach.
Key Indicators for September 9, 2011
M2 Monetary Base: $9,456,000,000,000YIKES!!!!!!!
9/11AmishBank of EnglandBank of JapanBoEBoJECBEuroFEDForgivenessinflationJuergen Starkmonetary policyPoundUS DollarUSDYen
Economics, Portland, The Mint
Ode to the Auto Feo, Part V – The Bitter End
With the markets relatively calm until the sparks fly later next week, we conclude our tale. Our tale is, among other things, a recount of the recent history of Bank of America wrapped up in a vehicle metaphor: "Ode to the Auto Feo," originally inspired by the recent passing of a vehicle that taught us many valuable lessons.
You can catch up with the "Ode to the Auto Feo", Parts I,II, III, and IV by clicking on the following links.
Ode to the Auto Feo, Part I – The Birth of a "Need"
Ode to the Auto Feo, Part II –Optimism and Desperation are Poor Bedfellows
Ode to the Auto Feo, Part III –Lemon Discovery
Ode to the Auto Feo, Part IV – Acceptance and Admiration
Our story continues:
After careful reflection, we could see that our reasons for adopting the fateful "gasoline only" policy in the Auto Feo were two-fold and that they reflected two of our character traits which, taken individually are admirable, yet when combined, can lead to terrible decision making.
The first and most obvious of these traits is frugality. While we do not think of ourselves as especially frugal, we do tend to choose certain items or activities upon which to focus our frugality. This focused frugality in and of itself can prove extremely useful where investments in proven strategies are concerned.
The second, perhaps less obvious, trait which was expressing itself in this decision was our sense of adventure. This trait can prove extremely useful when there is something to be gained from the undertaking and adequate margin for error for the undertaking's failure.
The terrible decision, then, comes when we combine this sense of adventure, which, we repeat, requires ample margin for error, with our frugality which, by definition, does not provide for any margin of error.
Hence, in retrospect it was obvious that adopting the gasoline only policy in the case of the Auto Feo was a terrible decision. The only thing to be gained was sheer entertainment value reaped by those unaffected by the decision, a group that you, fellow taxpayer, are happily a part of.
Now that we understand the motivation for such a decision, we offer you the inspiration.
We were inspired by the desire to avoid buying a quart of oil each week (frugality) and, by extension, to avoid further staining our driveway with oil spilled out of the engine block. To accomplish this, we discovered (or perhaps imagined) an experiment that the military had conducted in which they had never put oil in new vehicles and had been able to rely on the resulting engine shavings caused by the friction to serve as a sort of permanent lubricant for the pistons as they slammed up and down in the engine block.
Now most sane persons and certainly those who are mechanically inclined will quickly realize that there is a big difference between our situation with a 17 year old vehicle which held two quarts of oil and the military who had new vehicles which had never been filled. There was also a big difference in our respective circumstances. The military could afford to lose a few vehicles to this sort of experiment. We, on the other hand, would be walking if it did not pan out.
The experiment began with promising results. The vehicle's performance, which was not that great to begin with, deteriorated only slightly. This did not concern us as. After all, we only had 1.5 miles to drive each day. We continued through rain and shine, confident that we were actually on the verge of improving the Auto Feo's performance and significantly extending its useful life.
Like so many of today's fiscal and monetary policies, the delusion of sustainability was to be, uh, sustained until the day it came to a catastrophic end.
Six more months passed and two things happened in quick succession. One turned out to be an omen, while the other an illusory victory.
The omen appeared one late Spring evening when we came upon the Auto Feo in the parking garage on our return commute to find that the driver side window had been shattered and the vehicle's contents, which consisted of a Bible and a pair of jumper cables, had been clumsily rifled through. The thief took the jumper cables.
With the bi-annual emissions test that is required in Oregon just one week away, our frugality again kicked in and we resolved to use clear plastic and duct tape to temporarily replace our driver-side window until we could be sure that the vehicle would be cleared by the authorities to operate another two years.
Note to self: If you need to cover a broken out window in a vehicle, make every attempt not to use opaque or transparent plastic.
We hobbled along for a week of near misses at intersections with limited visibility out of our driver's side. On a Saturday, we made the trek to Hillsboro to submit the Auto Feo to the automotive equivalent of a colonoscopy.
Arriving at the emissions testing center, we found ourselves apologizing unnecessarily for the condition of the vehicle and explaining that we wanted assurance that Oregon's green gods would allow the vehicle to continue to operate on the roads of their realm.
"We wanted to see if it would pass before fixing the window," we offered.
"Looks like its seen better days, let's take a look," said the attendant.
She was apparently unfazed by the appearance of the vehicle and we later thought that apart from these people, only body shops and junkyards see more pathetic looking vehicles on a regular basis.
We winced as we watched the attendant place the probe into the Auto Feo's tailpipe and had to remind ourselves that it was not human.
"Looks like it failed," said the attendant. "But it did improve at 2,000 RPMs,"
"Can we give it another try?" we offered in a desperate last ditch effort to forestall the diagnosis.
"Why not?" said the attendant.
And then a miracle occurred. The Auto Feo passed the emissions test.
We joyfully drove home and quickly arranged to have the driver's side window replaced. Our experiment was going swimmingly and the emissions test somehow validated our hypothesis. The military was right, we are better off not adding oil to your vehicle!
The Bitter End - Rest in Peace Auto Feo
Our delusion, which was now government sanctioned, was allowed to carry on.
Astute readers will quickly draw a parallel between our Auto Feo tale and Bank of America and the current banking system in general: Our emissions test is a metaphor for the so-called stress tests that have been run on the banks in America and Europe in an attempt to shore up confidence.
When will these delusions end?
In the case of the Auto Feo, two short months after the government sanctioned emissions test gave it the green light, we were forced to make a journey farther than our normal 1.5 mile daily jaunt.
Through knocks, heaves, and roars, the Auto Feo dutifully carried us on our route until, a mere .5 miles from home, the Auto Feo froze up.
We feared the worst but in our optimism we had the vehicle towed to our house. We waited for the morning.
The next morning, it started! This truly was a miracle.
Alas, the miracle was that the Auto Feo was simply saying goodbye. For in the evening, when we jumped in to drive it home, the Auto Feo did not immediately respond. A brief heave was all it could muster as we cranked the starter. And then, all was silent.
Our experiment was a failure, the Auto Feo had passed on.
Bank of America has been in the news a lot lately, and for all the wrong reasons. The behemoth is too big to succeed and for every client that is making money, there seem to be two or three who are going bankrupt, leaving B of A to foot the bill.
Although management will never admit it, the Bank is now throwing Hail Marys late in the fourth quarter in a desperate attempt to raise capital. While this is exciting to watch, you probably don't want to put your money on the team who has resorted to such a desperation tactic.
Returning for one last, painful look at our automobile metaphor, It appears that the FED has decided not to change the oil (i.e. replace member banks' worthless assets for fresh cash) and the banks will be left to lubricate their engines with the metal shavings as its worthless assets disintegrate on the balance sheet.
How long until B of A seizes up?
Auto FeoB of ABACBank of AmericaColonoscopyEmissionsFEDFederal Reservemonetary policyOilOregon
Economics, Portland, The Mint, Uncategorized
Ode to the Auto Feo, Part II – Optimism and Desperation are Poor Bedfellows
August 24, 2011 David Mint
Today we will continue the saga of the auto feo. If you missed part I, please click here to get up to speed. It shouldn't be difficult as the auto feo is currently at a dead stop.
But first, a quick look at the markets. At this point in the day, everything appears to be literally on hold until the FED chairman Ben Bernanke speaks at Jackson Hole. What will he say? Our guess is not much. Perhaps some dribble about standing prepared with all necessary tools to fight deflation. If He were truly to use his post for something useful, He would encourage Congress to recapitalize US households, not banks.
Speaking of banks, Bank of America seems intent on claiming that they are in no need of capital even as they sit on $2 Triilion in assets of an imploding economy. B of A made perhaps the worst choices of all time when they paid a premium for Countrywide and Merrill Lynch. They may not have had much choice in the matter given the carte blanche that regulators had during the panic of 2007-2008. Whatever the case, they are now choking on the sewage of the above mentioned entities.
Citigroup, on the other hand, may need another reverse split sooner than they think. With that said, we return to our personal story of a bad acquisition.
We left our story yesterday arriving at our rendezvous with the then owner of what would soon become our next "Auto Feo." As we pulled into the parking lot of a large supermarket, nature called. Not seeing the vehicle which we were to inspect, we entered the supermarket to tend to our personal needs. As we were exiting the supermarket, we received a call from the owner, announcing his arrival.
Our pulse quickened.
We exited and there it was! A black beauty of an SUV. At that moment, as the sun began to set over the horizon, the 1993 Isuzu looked like a late model BMW X5. We were about to make the bargain of the century.
Astute readers will note that what we saw that evening was a mirage, born out of the dangerous mix of optimism and desperation that was moving in our body to inhibit our ability to make an informed decision. We can only assume the same was true when B of A was looking over Countrywide Financial in late 2007.
We met the man, an Iranian, who promptly handed us the keys as we hopped in for a test drive. As the engine roared to life, we were able to overlook the cracks in the windshield and somewhat soiled interior. After all, it is a '93, we thought.
As we proceeded around the block, never exceeding 40mph, we were impressed. "This is a solid vehicle," we complimented the owner.
A Solid Vehicle Indeed!
"Yes," he replied, "we purchased it from a family friend and it has been our family car for five years. We have maintained it and most recently replaced the clutch. It was very expensive. In Iran, a clutch costs you $200, here, $800. We have a better car now."
A new clutch! We thought. What a steal. We bonded with the man as we spoke of our children and family life. This was no longer a negotiation, it became a matter of honor. As we parked the vehicle, there was only one hope for us.
The spousal veto.
For those of you who have never been married, this is commonly known as "running the idea by our wife," which in most cases can save one from making a bad decision or fending off persistent salesmen.
Excusing ourselves, for it seemed an unnecessary step when we were obviously getting a BMW X5 for a mere $1,350, we made the call.
Our wife was predictably skeptical.
"Don't you want to see other options?"
We assured her that this was the best deal out there.
"It's not that urgent, come home and sleep on it and see how you feel about it in the morning."
Out of the question, I did not want to waste another trip to Vancouver or Gladstone just to pass on a car.
Again, astute readers will recognize this last objection as the sunk cost fallacy. We, of course, did not.
"Well, if you are sure…"
And with that, our loving, ever supportive wife relenting gave her approval of the purchase and the deal was done.
We went back to the Iranian and, with an unintentional pause before speaking, extracted a $50 reduction in the vehicle's price.
At $1,300, the deal was done. And almost immediately, our problems began…
Key Indicators for August 24, 2011
MINT Perceived Target Rate*: 2.00% EASIEST MONEY EVER COMING IN JAN 2012!!!
1993Auto FeoBACBank of AmericaBen BernankeCCitigroupCountrywide FinancialFEDIsuzuMerrill LynchRodeoUsed Cars
Portland, The Mint
Apart from earthquakes on the US East coast and Colorado all appears calm relative to the past two weeks. Ben Bernanke is scheduled to speak in Jackson Hole today which may or may not change that. As we have stated recently, with the FED's most recent announcement of its intention to hold its funds rate below 0.25% until at least 2013, they essentially told the world that they were stepping back to let the chips fall where they may.
With the fate of the US dollar apparently sealed, we have a personal anecdote to share. Like central banking, this is for entertainment purposes only.
A little over a year ago, our second car, which we affectionately call the "Auto Feo" (Spanish for "ugly car") died. It was a vehicle which had been struck by another vehicle on the passenger side, denting the wheel well. The damage was cosmetic and only noticeable when one opened the passenger door, causing a horrendous sound of metal crushing metal. While driving, the car would "bark" (as in, it sounded like a dog was after us) if the front wheel on the passenger side hit a sizeable bump, causing the tire to rub against the crimped wheel well.
The car served its purpose until the automatic transmission went out. Even then, we were able to salvage a year of commuter service out of it before the transmission had a catastrophic failure, after which we finally took it to the junk yard.
Without much time to mourn, we set our sights on finding a replacement for the Auto Feo.
Based on a previous good experience, we wanted an Isuzu Trooper or Rodeo, any model year that could be had for $1,300 or less. After passing on what in retrospect was the best option at the time (a 1995 Trooper) we were eager, perhaps too eager, to not let the next opportunity pass us by.
The Auto Feo - One vehicle, many lessons
We were ready to be taken for a ride, literally, figuratively, and with a pun intended in the worst possible way.
After doing our due diligence by surfing Craigslist, we found a 1993 Isuzu Rodeo with 143,000 miles on it which the owner was selling for the incredibly low price of $1,350. We were intrigued. In retrospect, we were sold before even driving the vehicle. A dangerous frame of mind when one considers Craigslist's non-existent vetting of sellers. (Editor's note: We are not criticizing Craigslist, which offers a tremendous service, but rather our own lack of diligence.)
We were foolish, impatient, and determined. It is a dangerous frame of mind to be in when making any purchase and a deadly combination of states of being when trolling the internet for a used vehicle.
As the warning lights in our mind began to go off, we pressed on. We called the number and arranged to "see" (read "purchase" as it should have obvious that our mind was made up) the vehicle that very evening.
It was a warm early summer evening, pleasant in every way. The wind was at our back, traffic was smooth as we wound our way across Portland to Gladstone. What could possibly go wrong?
As we approached the rendezvous with our mystery seller, we were relaxed, optimistic, and the epitome of P.T. Barnum's sucker…
1993Auto FeoBen BernankeFEDGladstoneIsuzuNeedsPortlandRodeoTrooperUsed Cars
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There will be a Social in Connaughtons on Friday June 11th. Music by the Coyles.
The U-12 girls have qualified for the county semi-final which they play next week. They await the winners of Padraig Pearses and St Croan's.
Congratulations to the U-12 girls of Drum/Clonown who continued their winning ways in the community games with victories over Ballaghdereen and Castlerea in the last week.
The U-8s and U-10s played in an underage Blitz in Johnstown the weekend before last. The next Blitz is on the 12th June.
Hard luck to Clann girls Ciara Costello, Ciara Quinn and Saoirse McManus who lined out for Roscommon U-14s in their defeat to Tipperary on Saturday last in Banagher.
Congratulations to Martina O'Brien who played for the Roscommon Minor Ladies in their recent Connacht B Final victory over Leitrim, and to Rosa Shine, Niamh O'Brien and Michelle Harney-Nolan who are part of the panel.
Also congratulations to Orla O'Neill who captained The Bower Convent to victory in the Leinster U-14B Schools Final over Castleknock recently. The Bower girls won by a goal and Orla who played at centre-forward scored 1-3.
Cornafulla boys team have qualified for the Cumann na mBunscoil Big Schools Final while the Cornafulla girls play Creagh in their semi-final. Both Cornafulla teams are undefeated so far in the competition. Both matches were due to be played this week but have been postponed until a later date.
Ardkeenan N.S. defeated Brideswell in the 3-4 Teacher schools semi-final on Tuesday 1st June in Johnstown at 1.30. They also are unbeaten having defeated Brideswell previously and will now play Creggs next Tuesday. Despite winning all 6 matches so far, they are only at semi-final stage as their category has 32 schools involved.


Can the paint protection film be waxed?
Does Suntek Ultraseal come with warranties?
What is the process to maintain Suntek UltraULTIMATE?
Can Suntek Ultraprotection film be installed on Chrome?
Will the color of Suntek UltraULTIMATE turn yellow over time?
How deep of a scratch can film still heals?
Can I install Suntek Ultraon the windshield?
Can I cover my whole vehicle with Suntek UltraFilm?
Can the car be washed in an automatic car wash?
How thick is Suntek UltraULTIMATE paint protection film?
Is it safe to use a pressure washer, and how soon after install?
Will the vehicle's pain be harmed while removing the film?
Can I install Suntek Ultraon my vehicles headlights and fog lights?
How should I wash the film, can a quick detailer or detail spray be used?
How Can Suntek Ultrabe applied over a vehicle that has had paint touch ups?
Can Suntek Ultrapaint protection film be installed on a brand new vehicle?
Will the edge of the film be noticeable, if partial front end is wrapped?
Does the 10-year warranty on ULTIMATE transfer to another owner if car is sold?
How Once the film has been removed from my vehicle, can I re-use it on another vehicle?
A paint sealant was previously applied to my vehicle, can I have Suntek Ultrainstalled over this protectant?
Can a ceramic coating be applied on top of the film and will it affect the self-healing feature of XPEL?
Q. Can the paint protection film be waxed?
After applying paint protection film on your car, you can wax it. However, make sure that the wax you will be using does not contain Kerosene or Naphtha in over 5% concentration. Also avoid waxes that come with dyes. To achieve best results, ask us about what to use for your new film and we can assist.
Q. Does Suntek Ultraseal come with warranties?
Q. Can I use detailing clay on the film?
Yes, detailing clay is similar to the regular paint. You need to wet the surface with a lubricant. Here you can use soapy water as lubricant and then rub the surface with a clay bar. To remove stubborn insects, hard water strain and bird dropping, use Simple Green as lubricant.
Q. What is the process to maintain Suntek UltraULTIMATE?
Suntek UltraULTIMATE does not require any special maintenance. However, if the film is treated twice a year, it will last longer and will be easier to clean. You can use Suntek UltraFlawless Finish Paint Protection Film Sealant to treat the film. To achieve best results, ask us about what to use for your new film and we can assist.
Q. Can Suntek Ultraprotection film be installed on Chrome?
Yes, any of the Suntek Ultrafilm can be easily applied on chrome. Although, you will find a little difference than what it would have looked if left unprotected. Therefore before installing the film, we recommend applying a small swatch on the desired surface to see what the end result would look like.
Q. Will the color of Suntek UltraULTIMATE turn yellow over time?
Suntek UltraULTIMATE comes with 10 years warranty against a wide range of issues which also includes fading or yellowing of the film. Please ask us if you need further information on how this works!
Q. How deep of a scratch can film still heals?
The clear coat of the film is self healing and its thickness is approximately 13 microns. However, if the layer is penetrated 13 microns deep, the film will not heal.
Q.Can I install Suntek Ultraon the windshield?
Well, no Suntek Ultracannot be installed on the windshield. This is because of the impact absorbency of the PPF, the film's refractive index is way too different from that of the windshield. Therefore because of this difference, installing the film over windshield can cause distortion which is unacceptable to the occupants of the vehicle.
Q.Can I cover my whole vehicle with Suntek UltraFilm?
Yes, smooth surfaces of the vehicle can easily be covered with the help of paint protection film.
Q. Can the car be washed in an automatic car wash?
Yes, you can easily get your car washed at automatic car wash but make sure you wait for 48 hours before washing the car. However we do not recommend it as hand washing is always the best method on caring for a car.
Q. How thick is Suntek UltraULTIMATE paint protection film?
Suntek UltraULTIMATE is 8.5 mils (.0085 inches) thick.
Q. Is it safe to use a pressure washer, and how soon after install?
Yes, you can use pressure washer on Suntek Ultrapaint protection films. You can typically wash the car after 48 hours as this is the time required for the film to dry completely after the installation. However make sure that high pressure water is not used directly on the edges.
Q.Will the vehicle's pain be harmed while removing the film?
There are very low chances that the PPF will cause any damage to the OEM paint. Paint systems used on high end cars nowadays produce minimum bond strength of 16 MPa and maximum of 25 MPa between the panel and the paint. The PPF bond to the painted surface is 0.0753 MPa. Therefore even after years of exposure to heat and sun, the bond increases to 0.17 MPa. Thus even in the worst case scenario the bond of the panel to the factory paint is 94 times stronger than the bond of our film to paint.
Therefore if the film is removed by a professional, it will not cause any harm to the vehicles paint.
Q.Can I install Suntek Ultraon my vehicles headlights and fog lights?
Yes, Suntek Ultracan easily be installed on the fog lights and headlights.
Q.How should I wash the film, can a quick detailer or detail spray be used?
Any standard car wash soap, detail spray or rinse free car wash can be used to clean the film. However make sure the product does not contain more than 5% kerosene or naphtha.
Q.Can Suntek Ultrabe applied over a vehicle that has had paint touch ups?
Yes, you can easily apply Suntek Ultraover any kind of touch-up. However you will be able to achieve best possible appearance if the touch up area has been color sanded smooth and has been buffed after application of the film.
Q.Can Suntek Ultrapaint protection film be installed on a brand new vehicle?
Yes, this is because the factory paint is completely cured before the car is sold.
Q.Will the edge of the film be noticeable, if partial front end is wrapped?
While it is possible to see the edges of the film, they are generally not visible unless a person is specifically looking for them. In case the car is extremely dirty and the dirt has collected along the edges of the film, it will be more noticeable. However once the car is clean, the film cannot be detected.
Q.A piece of road debris scratched the film on my car. Will this self-heal?
The self healing coat of the ULTIMATE and STEALTH film has been designed to repair itself from light scratches and swirl marks from road debris, car wash etc. However, if a piece of debris has penetrated the clear film, it will not self heal. The only way to treat the film would be to get the piece of film replaced.
Q.Does the 10-year warranty on ULTIMATE transfer to another owner if car is sold?
No the film is not resusable and cannot be used once removed.
Q.A paint sealant was previously applied to my vehicle, can I have Suntek Ultrainstalled over this protectant?
If the vehicle is sold, the warranty on Suntek UltraULTIMATE, STEALTH and XTREME will not be transferred to the new owner.
Protectants, sealants and waxes are designed to reduce the surface energy of the paint, which makes it easier to clean. A reduced surface energy will further reduce the ability of the protectant film to adhere to the paint and can further cause adhesion issues. Therefore we recommend removing waxes, sealants or similar products before applying the protectant film. However if it is not possible to remove them, we recommend applying them after adhering the protectant film.
Q.Can a ceramic coating be applied on top of the film and will it affect the self-healing feature of XPEL?
Yes, you can easily apply a coating on the film. Adding a ceramic coating on the film will not affect its self-healing feature. Adding a coating over protective film will only strengthen the protective feature, however it will depend on the coating and its properties. Moreover additional coating feature may or may not be self-healing. If the coating wears down, you can still enjoy the self healing feature of Suntek UltraULTIMATE and STEALTH.


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Q: How to define a draw function for turtle that clears the turtle window before drawing I want to define a function that draws a shape using turtle graphics. I want the function to be able to clear the turtle graphics window once it is called again. Is there a way to do this or a way that  I can close the turtle window once it's done and you press a certain key?
This is the function in question:
import turtle
import math
turtle
def draw(b, d, w, h):
    bDraw = b*10
    dDraw = d*10
    wDraw = w*10
    hDraw = h*10
    bdAngle = abs(math.atan(dDraw/bDraw)*180/math.pi)
    draw = turtle.Turtle()
    draw
    draw.right(90)
    draw.forward(hDraw)
    draw.left(90)
    draw.forward(wDraw)
    draw.left(90)
    draw.forward(hDraw)
    draw.right(90)
    draw.forward(bDraw)
    draw.left(180-bdAngle)
    draw.forward(math.sqrt(dDraw**2 + bDraw**2))
    draw.left(bdAngle)
    draw.forward(wDraw)
    draw.left(90-(180-bdAngle-90))
    draw.forward(math.sqrt(dDraw**2 + bDraw**2))
    draw.left(180-bdAngle)
    draw.forward(bDraw+wDraw)

A: You have created an instance of turtle each time you called the function draw(b, d, w, h).
When initiating a new drawing session, if those turtle instances are no longer needed, call turtle.clearscreen() to delete all previous drawings and those turtle instances used to craft the drawings.
def draw(b, d, w, h):
    turtle.clearscreen()
    bDraw = b*10
    # your codes proceed

If you'd like to keep those turtle instances for later use, call turtle.resetscreen() instead:
def draw(b, d, w, h):
    turtle.resetscreen()
    bDraw = b*10
    # your codes proceed

redpajama_set_name: RedPajamaStackExchange


text:
Міжнародний аеропорт імені Мохаммеда V (; , ; беберська: ⴰⵣⴰⴳⵯⵣ ⴰⴳⵔⵖⵍⴰⵏ ⵎⵓⵃⵎⵎⴷ ⵡⵙ5;) () — аеропорт, що обслуговує Касабланку, Марокко. Найменовано на честь Мохаммеда V.

Аеропорт є хабом для:
Air Arabia Maroc
Royal Air Maroc
Royal Air Maroc Express

Авіалінії та напрямки

Пасажирські

Вантажні

Примітки

Посилання

 Mohammed V International Airport
 Moroccan Airports Authority

Аеропорти Марокко
Касабланка

redpajama_set_name: RedPajamaWikipedia


text:
Home>Regulatory>Claims
Navigating the Global Omega-3 Regulatory Landscape
TAGS: Lipids Regulatory Archive Supplements Foods

The United States, Canada, Japan and the EU each have their own regulatory framework for permissible EPA and DHA claims—as well as potential to advance omega-3 claims in the short- and long term.

Harry B. Rice | Aug 19, 2016
The United States, Canada, Japan and the EU each have their own regulatory framework for permissible eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) claims—as well as potential to advance omega-3 claims in the short and long term.
In the United States, there are three broad categories of claims permissible in the labeling of dietary supplements and foods: structure/function claims, nutrient content claims and health claims. There's nothing new to report for structure/function claims, but FDA has ruled against nutrient content claims for EPA and DHA.
Nutrient Content Claims
As stipulated in the 2014 Final Rule, "Food Labeling: Nutrient Content Claims; Alpha-Linolenic Acid, Eicosapentaenoic Acid, and Docosahexaenoic Acid Omega-3 Fatty Acids," as of Jan. 1, 2016, the previously allowed nutrient content claims related to EPA and DHA can no longer be used. Without going into the details of how the nutrient content claims came to be and the road FDA took to prohibit their use, it's important to understand the Final Rule neither reflects the well-substantiated benefits associated with EPA and DHA, nor any FDA assessment of the science. Quite simply, the Final Rule is about statutory requirements.
Obviously, the industry considers nutrient content claims for EPA and DHA to be critical in order to communicate the importance of these fatty acids. Once a Dietary Reference Intake (DRI) for EPA+DHA is established, FDA can be petitioned to use EPA- and DHA-specific nutrient content claims based on the level set during the DRI review. Until such time, remember that it's permissible to state "Contains X mg EPA/DHA."
To read more about potential omega-3 health claims in the United States, as well as an update on the international regulatory landscape, click the following link for the Omega-3 Survival Guide Digital Magazine.
And if you're looking for more on the top trends in the omega-3 space and how to develop products that meet consumer demand, join us for the Finding Your Sweet Spot in the Omega-3 Market panel discussion on Friday, Oct. 7, at SupplySide West 2016, which was developed with GOED.
Harry B. Rice, Ph.D., is the vice president of regulatory and scientific affairs for the Global Organization for EPA and DHA Omega-3s (GOED), and the past vice president of the United Natural Products Alliance (UNPA). He has worked in the ingredient, dietary supplement, functional food and consumer packaged goods industries for more than a decade. Among Rice's responsibilities for GOED are monitoring and reporting on regulatory issues, developing written comments and oral testimony to domestic and international government bodies to advance industry positions on critical health issues, and providing scientific analysis of the growing body of scientific literature. Previously, he spent more than six years at Cargill Inc. involved in the development and execution of global regulatory and scientific strategies for a wide range of functional ingredients.

redpajama_set_name: RedPajamaCommonCrawl


In the previous parts, we introduced how Trello and StoriesOnBoard work together in an agile workflow. You got insights about a new product's development and got hints and tricks about establishing this workflow in a running project. Previous articles highlighted the opportunity for product rediscovery but didn't expound the topic. Follow us in this part to earn experiences in product rediscovery.
We wrote this article for Trello users but the workflow is suitable for other agile project management methods. Rebuild your product's story map from any old-fashioned backlog. After synchronizing JIRA cards the process will be the same.
The preparation process is no brainer. The only thing you have to do is importing cards from your Trello board into an empty storymap. In the previous part, we advised not to import older and archived cards but they can be useful, so import them. Read more about synchronization.
Although you created the product's plan in a good old way, apparently few features will miss from the final product. You can avoid this sad situation by giving a new chance to create a better backlog. Missing features often belongs to missing steps in the user journey, so we concentrate on users' activities first.
You have two option to rediscover the product. One of the best method when you create a brand new story map. Don't let your team biased by existing tasks. Pick one of your users and tell her story. Follow the narrative flow and create cards from main activities and steps. Split big steps into smaller ones. Thereafter it's time to import Trello cards and to arrange them below activity cards.
If there aren't tasks beneath an activity card, there can be a missing feature. Focus on these user steps. What kind of feature can solve the step or how can a feature serve a better user experience?
After creating new features split them into tasks, prioritize and arrange them below releases.
You can reproduce user journey right after importing cards from Trello. Use this method and you'll get the products backbone faster. Be thorough, don't miss steps out. Avoid this risk and try to retell the story to find the missing jigsaw pieces.
So you found holes and solved the issues but what's next? You have new ideas but don't know how to continue? It's time to find improvement options. Another great benefit of product rediscovery is that you'll get tons of opportunities after story mapping. This step can follow the above-described process.
First, try to make up at least one additional function or feature below each activity. All brand new tasks have to serve a better usability.
Despite visualizing the products puzzled how to deal with the lack of idea? Don't hesitate and organize a brainstorming. Facilitate teammates by using special brainstorming techniques, for example, reverse thinking. On the other hand, you can do market research or collect user requests. We appreciate our users' needs and accepting requests on UserVoice.
When your story map is full of good ideas, create MoSCoW releases and prioritize cards. Don't forget to schedule new tasks and deliver cool features early and often to keep your customers smiling.
An exciting outcome may be a discovered user or a whole user journey. Don't hesitate to add new user stories or even a new story map. StoriesOnBoard supports creating personas on the top level of your story map. Make experiments by retelling only a selected part of the journey using additional story maps. Let us share a little secret. Professionals create several story map and dive deep into a selected part of the backlog to discover missing items. They organizing these mini-projects into collections.
If you are convinced about the new part's importance add it to the original story map. Prioritize and schedule new cards on the product's backlog.
Use these techniques to improve your product like a pro and flood your boss with positive feedback.


The CFPB announced earlier this week that it has initiated an administrative action against a Delaware-based online lender and its CEO for alleged violations of Truth in Lending Act, the Electronic Fund Transfer Act (EFTA), and the CFPA's UDAAP prohibition. The announcement is unusual since it has not been the CFPB's typical practice to announce an administrative action without the simultaneous announcement of a settlement. In the action, the CFPB seeks redress for harmed consumers, as well as a civil money penalty and injunctive relief.
In its press release, the CFPB stated that from May 2008 through December 2012, the lender offered short-term loans to borrowers around the country in amounts ranging from $100 to $1,000. To apply for the loans, borrowers typically entered their personal information into a lead generator website.
Hiding the total cost of loans by using disclosures that were based on a borrower's repayment of a loan in a single payment, even though the loan agreement's default terms called for multiple rollovers and additional finance charges.
Requiring repayment by pre-authorized ACH payments. According to the CFPB, this practice violated the EFTA prohibition on conditioning a loan on the borrower's repayment through recurring pre-authorized electronic fund transfers.
Continuing to debit borrowers' accounts after the borrowers had canceled his or her ACH authorization. According to the CFPB, the lender's loan agreements included a "hidden" provision allowing it to use remotely created checks if a borrower successfully canceled an ACH authorization.


What is the latest on Ryan Brierley's future? What are next steps Manchester Rangers? Who has joined the race for Wellington Albert? Find out more in the rumour and gossip column.
Ryan Brierley faces an uncertain future as his move to Salford Red Devils appears to be looking thin on the ground.
It is understood the Scotland international would be allowed to leave Toronto Wolfpack if he received an offer elsewhere. Salford are keen on signing him but they are struggling to come up with money to get him on board. Red Devils coach Ian Watson had 'nothing to report' on their pursuit of the half-back following their game against St Helens last Thursday. Brierley made his first appearance of the season last Sunday as Toronto won as Dewsbury Rams, but he doesn't feature in Brian McDermott's future plans.
Papua New Guinea prop Wellington Albert is interesting Toronto Wolfpack, as he gets closer to making a decision about his future.
Let go by Widnes following their administration, Albert is eager to stay in the northern hemisphere and prove his worth. Leeds were interested but the Wolfpack now look favourites to sign him.
Halifax are looking at bringing in front-rower Jordan Baldwinson from Wakefield Trinity.
It's unclear whether Fax are aiming to bring him in on a permanent deal or loan as of yet. The 24-year-old's contract with Wakefield expires at the end of the season and has yet to play for Chris Chester's side this season. Baldwinson made two appearances for Fax last season after joining on loan from Trinity, and it's understood Richard Marshall wants to bring Baldwinson back to The Shay.
Huddersfield Giants made a whopping annual salary offer of $500,000 to NRL superstar Gareth Widdop.
However, the 29-year-old opted to sign a three-year deal with Warrington Wolves instead as he aims to help Steve Price's side win their first ever Super League Grand Final. It was a huge offer made to Widdop by Giants' owner Ken Davy, which makes you think Widdop might be on even more than that at Warrington. Huge money for Super League!
Having been denied a place in League 1 this season, it appears that the only hope for Manchester Rangers of joining the professional ranks is if they are to take over or replace one of the existing Greater Manchester teams.
The Rangers had made an offer for Hemel's licence in 2018, but the Stags turned that down before eventually pulling out of League 1 and now their licence apparently going to Eric Perez's latest north American project.
Leeds Rhinos are the frontrunners to sign Cronulla Sharks front-rower Ava Seumanufagai with immediate effect.
The New Zealander, who is of Samoan descent, has been offered to NRL and Super League clubs as the Sharks aim to free up space on the salary cap. The Rhinos are interested in strengthening their pack.
On the other hand, Rhinos' rumoured moves with Australia international Felise Kaufusi and Samoa star Sam Kasiano look unlikely to happen due to their wage demands being too high.


"Evidence-based estimates of outcome in patients irradiated for intraoc" by Evangelos S. Gragoudas, Wenjun Li et al.
BACKGROUND: Melanoma of the eye is the only potentially fatal ocular malignancy in adults. Until radiation therapy gained wide acceptance in the 1980s, enucleation was the standard treatment for the tumor. Long-term results after proton beam irradiation are now available.
METHODS: We developed risk score equations to estimate probabilities of the 4 principal treatment outcomes-local tumor recurrence, death from metastasis, retention of the treated eye, and vision loss-based on an analysis of 2069 patients treated with proton beam radiation for intraocular melanoma between July 10, 1975, and December 31, 1997. Median follow-up in surviving patients was 9.4 years.
RESULTS: Tumor regrowth occurred in 60 patients, and 95% of tumors (95% confidence interval, 93%-96%) were controlled locally at 15 years. Risk scores were developed for the other 3 outcomes studied. Overall, the treated eye was retained by 84% of patients (95% confidence interval, 80%-87%) at 15 years. The probabilities for vision loss (visual acuity worse than 20/200) ranged from 100% to 20% at 10 years and for death from tumor metastases from 95% to 35% at 15 years, depending on the risk group.
CONCLUSIONS: High-dose radiation treatment was highly effective in achieving local control of intraocular melanomas. In most cases, the eye was salvaged, and functional vision was retained in many patients. The mortality rate was high in an identifiable subset of patients who may benefit from adjuvant therapies directed at microscopic liver metastases.
At the time of publication, Wenjun Li was not yet affiliated with the University of Massachusetts Medical School.
Gragoudas, Evangelos S.; Li, Wenjun; Goitein, Michael; Lane, Anne Marie; Munzenrider, John E.; and Egan, Kathleen M., "Evidence-based estimates of outcome in patients irradiated for intraocular melanoma" (2002). Preventive and Behavioral Medicine Publications. 308.


'Tallest' rail bridge to be a boon for tourism, employment in J&K.
A rail bridge over the Chenab river which, at 359-metre, is claimed will become the world's tallest, will significantly improve Kashmir Valley's connectivity with other parts of the country and also create tourism facilities that are expected to boost local employment.
The construction work on the "engineering marvel" — slated to be completed by 2019 — has already provided employment to over 1,000 local residents and the Railways has plans to turn the area into a major tourist hub with facilities for adventure sports, including bungee jumping.
The 1,315m-long bridge would be 35 metres taller than the Eiffel Tower and will complete the missing rail link between Kashmir's summer capital Srinagar and the rest of the country. It will join Bakkal in Katra town of Reasi district in Jammu region with Kauri in Srinagar district.
Engineers working on the project have braved several challenges, including the difficult topography, and have even had to account for high wind speeds for a structure so high.
The bridge, with a 14m-wide dual carriageway and a 1.2m-wide central verge, is part of Jammu-Udhampur-Srinagar-Baramulla Rail Line (JUSBRL) project of Indian Railways.
The bridge, with a lifespan of about 120 years, has unique safety features. It can withstand an earthquake of high magnitude and also high wind speeds. Sensors would measure the speed of wind and if this exceeds 90 km per hour, trains would not be allowed to pass over the bridge.
The mountainous terrain has entailed the construction of about 200 km of approach roads and this will prove useful in ushering in tourism.
"This project will bring a lot of prosperity to the area. We have already employed over 500 local youths. Construction of more than 200 km of approach roads will provide connectivity to far-flung villages," Railways spokesperson Anil Saxena told IANS.
The railways have also provided permanent jobs to a member of family whose land has been acquired to the extent of 75 per cent. Jobs have been given to 768 persons so far, said an official of the Konkan Railway, which is executing the project.
Project Manager Rajendra Kumar said the place will be a big tourist destination with water sports, different sightseeing points, hotels and other tourism infrastructure.
"The rail line will help bring tourists from different parts of the country. While the bridge will be a tourist attraction, tourists will also visit other parts of the state. The bridge will also significantly improve intra-state connectivity and boost economic development," he said.
The roads along JUSBRL have connected several villages which were were linked only by sheep paths and foot trails. The roads have also proved beneficial to school-going children, patients and farmers looking for better markets for their produce.
The transformation in the lives of locals is also evident from new shops and other commercial establishments coming up to meet needs of the persons working on the project. Bus services have started to connect far flung villages.


Alexis joined the KBOI 2News team in October of 2017 as a Multimedia Journalist.
Before coming to Boise, Alexis lived in Los Angeles. Alexis graduated from the University of Nevada, Reno in 2016 with a Journalism major and Spanish minor. After graduation she began working as a News Assistant at KABC in Los Angeles. Working on the assignment desk, she covered a variety of both local and national breaking news stories.
Outside of work, Alexis loves watching sports with her family and friends. She bleeds blue for her Wolf Pack and Cowboys! When she's not binge watching her favorites shows, she enjoys good food and exploring the outdoors. The Treasure Valley is new to her so if you have any news tips or new adventures to check out, email her at adgoree@sbgtv.com.


text:
package com.cegeka.tetherj.pojo;

import java.io.Serializable;

import com.fasterxml.jackson.annotation.JsonIgnoreProperties;

import lombok.Data;

@Data
@JsonIgnoreProperties(ignoreUnknown = true)
public class DevDoc implements Serializable {

    private static final long serialVersionUID = 297037653570409555L;

    String title;
    private DevDocMethods methods;
}

redpajama_set_name: RedPajamaGithub


I had already read through Using SQL Server 2008 Integration Services with SAP BI 7.0 and felt comfortable with the instructions. Even though we were using SSIS 2012 I knew there was very little differences between the 1.0 connector and the 1.1 connector. I built out our new package and all seemed well. The SAP BW connection in the connection manager hooked up and tested out. The SAP BW source also tested out pulling the metadata and even delivered preview data just fine. Next, I attempted to run the package. Just as I expected it ran and I got the data I expected. The next three attempts all resulted in SAP BW connector timeouts. I kept poking and prodding it. The SAP admin didn't see any issues ether.
Sure enough, it was set to something other than 1.
Now, we get all our records and don't have the timeout issues. The downside seems to be a bit slower performance. If the choice is a faster data pump that only runs once every five or so attempts or one that runs slower but runs every time I'll slow up a bit. The fact that everything verified and I even got preview data on every attempt was hugely frustrating and time consuming. Knowing when to stop and reevaluate the problem and having a good relationship with the SAP administrator probably saved me hours if not days of cursing and shaking my fist at both Microsoft and SAP.
This entry was posted by Wes Brown on November 15, 2012 at 9:30 am, and is filed under SAP, SQLServerPedia Syndication, SSIS, Syndicated. Follow any responses to this post through RSS 2.0.Both comments and pings are currently closed.


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Menu 2020 RostersAtlanta United FCChicago FireFC CincinnatiColorado RapidsColumbus Crew SCFC DallasD.C. UnitedHouston DynamoLAFCLA GalaxyInter Miami CFMinnesota United FCMontreal ImpactNashville SCNew England RevolutionNew York City FCNew York Red BullsOrlando City SCPhiladelphia UnionPortland TimbersReal Salt LakeSan Jose EarthquakesSeattle Sounders FCSporting Kansas CityToronto FCVancouver Whitecaps FC Goalkeepers Player Transactions
Player Transactions
Mandela Egbo
Real Name: Mandela Egbo
HT: 5' 11" WT: 165
Age: 23 (09/17/1997)
Birthplace: Brent, England
Hometown: Brent, England
@MANDELA_E
HOW ACQUIRED: Transferred from SV Darmstadt 98 in the 2. Bundesliga on January 30, 2020, pending receipt of his ITC and P-1 visa.
An England youth international, Egbo came through the ranks of English Premier League side Crystal Palace before moving to Germany with first Borussia Monchengladbach and then SV Darmstadt 98.
OUTSIDE MLS: Egbo signed with Borussia Mönchengladbach from the Crystal Palace academy in 2015, at the age of 17. Egbo became a regular for Mönchengladbach II, making 84 appearances over four seasons, recording three goals and five assists, and contributing to 31 clean sheets. He made his Bundesliga debut for Mönchengladbach's senior team in 2018 before moving to SV Darmstadt 98 in July 2019.
INTERNATIONAL: Egbo represented England through the Under-18 level and helped England's Under-17 squad win the 2014 U-17 UEFA European Championship.
Career Statistics (Regular Season)
SHTS
2020 NY Red Bulls 9 6 1 451 1 5 3 7 0 1 0
Career Totals - 9 6 1 451 1 5 3 7 0 1 0
Career Statistics (Post Season)
2020 NY Red Bulls 0 0 0 0 0 0 0 0 0 0 0
11/08/2020 TOR @ RBNY W 1-2 Subbed on 12 0 0 0 0 1 0 0 0
11/01/2020 RBNY @ NYC L 2-5 Subbed on 13 0 0 1 1 0 0 0 0
10/28/2020 NE @ RBNY W 0-1 Unused Sub 0 0 0 0 0 0 0 0 0
10/24/2020 RBNY @ CHI T 2-2 Unused Sub 0 0 0 0 0 0 0 0 0
10/18/2020 ORL @ RBNY T 1-1 Unused Sub 0 0 0 0 0 0 0 0 0
10/14/2020 RBNY @ TOR T 1-1 Unused Sub 0 0 0 0 0 0 0 0 0
10/10/2020 RBNY @ ATL W 1-0 Unused Sub 0 0 0 0 0 0 0 0 0
10/07/2020 MIA @ RBNY L 2-1 Started 62 0 0 0 0 0 0 0 0
10/03/2020 RBNY @ ORL L 1-3 Started 58 0 0 0 0 2 1 1 0
9/27/2020 MTL @ RBNY W 1-4 Started 58 0 1 0 0 1 0 0 0
9/23/2020 RBNY @ MIA W 4-1 Started 90 1 0 2 1 2 1 0 0
9/19/2020 CIN @ RBNY L 1-0 Unused Sub 0 0 0 0 0 0 0 0 0
9/12/2020 RBNY @ DC W 2-0 Unused Sub 0 0 0 0 0 0 0 0 0
9/06/2020 PHI @ RBNY L 3-0 Started 67 0 0 1 0 0 2 0 0
9/02/2020 DC @ RBNY L 1-0 Unused Sub 0 0 0 0 0 0 0 0 0
8/29/2020 RBNY @ NE T 1-1 Started 80 0 0 1 1 1 1 0 0
8/25/2020 RBNY @ PHI L 0-1 Unused Sub 0 0 0 0 0 0 0 0 0
8/20/2020 NYC @ RBNY W 0-1 Subbed on 11 0 0 0 0 0 0 0 0
Mandela Egbo Latest News
Are the Red Bulls back after big 4-1 win? "We're burning hot and raring to go"
Mandela Egbo Latest Videos
YELLOW CARD: Mandela Egbo, NY Red Bulls - 14th minute
October 3, 2020 (1 min)
HIGHLIGHTS: Inter Miami CF vs. New York Red Bulls | September 23, 2020
September 23, 2020 (4 min)
PK GOAL: Mandela Egbo, NY Red Bulls - 14th minute


Although I absolutely adore Benefit's gorgeous range of blushes, the steep price leaves a lot to be desired.
While perusing Superdrug recently, I came across Me Me Me's blush boxes. These products were clearly "inspired" (ahem, blatant rip off, more like) by Benfit's Coralista, so I've decided to compare the two, while reviewing Rouge.
Rouge is much more "pocket friendly" than Coralista, for roughly the same amount of product. Coralista doesn't have any weight on the box but Rouge is the larger of the two, if anything.
These products both leave a beautiful coral glow on the cheeks, with subtle shimmery undertones.
I much prefer the brush that comes with Coralista - the bristles are much softer and it feels much more "high end". Also, the powder seems to cling better to the Coralista brush. However, I use my Mac 129 to apply both products, so the brush isn't overly important!!
Unfortunately, the lighting in my room isn't great today, so the swatches are a bit of a failure. However, you can see that Rough (on the right) is much more pigmented than Coralista (on the left).
In this little comparison, Rouge is the winner, trumping Coralista in almost every category. All in all, Rouge is probably one of the best blushes I've ever used. Also, Rouge has a cute little mirror inside the lid, meaning that you can re-apply this product during the day!
Unfortunately, the Superdrug I went to was out of the other shades: Bronze, Coral and Pink. I definitely want to try out Bronze and Pink, but I'll probably give Coral a miss, because Rouge is sufficiently coral for me!!
What do you think of Me Me Me's blush boxes?