1. The job numbers are expected flat but quite a few expect a positive surprise - in any case the number will be faked up to kick off a good year as the manipulators from DC and Wallstreet wish us to believe in so the can dumb worthless paper at overvalued prices into our hands. So even this negative number 0f minus 85k is downsizing more severe declines but all statistics are faked anyway as a revolution would happen if the truth would be unveiled. That's the funny part as the truth is unofficially unveiled the ignorance of the people is staggering as they rather choose to be angry but still not face the truth and duty which would come from accepting it-democracy is not about voting once or twice a year - everybody has responsibilities and the most important one is to hold the evil forces responsible and take care that they can not undermine the society - that are the real terrorists.
2. Inflation gearing up to hyperinflation is taking up speed now even with nature as a unwanted helper. The extreme weather conditions which are indicated by the extreme Astro constellations are already showing up and the effects on the crop will be visible soon. Quite a bit of the very cold winter effects will disturb retailer's budgets as they might have to spend ( substantially) more on heating. Last winter crude was in the 50-60$ region and should spend this year's cold season around 80$ is one obvious effect. The other will be that extreme weather will cut into productivity as infrastructure was disturbed hence more costs meeting lesser output has also a inflationary effect. Finally governments do take hidden tax increases very visible by fuel prices in Europe as I saw in 3 countries that the gasoline prices are close to all time highs although crude has halved and even Euro being stronger overall did not drop prices hence the tax portion should be higher after all.
3. Geithner is a criminal starting with his undeclared taxes to many actions as the Fed supervisor of Investment banks - Clinton,Bush,Obama and their real masters and helpers ( like Greenspan ,Summers, Rubin, Paulson, Bernanke etc.) should be prosecuted for betraying the people and helping banksters to steal money from the people of America. The FED is not a federal agency as even Bernanke dared tp claim in hearings - which is an obvious lie.
NY Fed Sought to Limit AIG Disclosures: Emails
The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released on Thursday showed.
The email exchanges, between the New York Fed and American International Group Inc lawyers, showed that AIG initially proposed disclosing to the U.S. Securities and Exchange Commission in early December 2008 that it would pay counterparties 100 cents on the dollar to liquidate credit default swaps it sold them.
But the decision to pay Goldman Sachs [GS.N 177.67 --- UNCH (0) ], Societe Generale and other global banking giants in full with taxpayer funds was not disclosed by AIG until March 2009, when it announced a $93 billion payoff that stoked public rage over the bailout.
Adding fuel to the fire, Geithner, who by then had become the U.S. Treasury secretary, was forced to allow AIG to pay $165 million in bonuses to top executives of the division that nearly caused its collapse.
Representative Darrell Issa, a California Republican who requested the emails from AIG and made them public, said they show that the New York Fed tried to suppress politically sensitive information about the bailout.
"It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information to the SEC," he said in a statement.
"The American taxpayers, who own approximately 80 percent of AIG, deserve full and complete disclosure under our nation's securities laws, not the withholding of politically inconvenient information."
The emails showed that an explicit reference to counterparties receiving 100 percent of par value and other information on the transaction was crossed-out from a proposed SEC filing that was "marked up" by attorneys working for the New York Fed.
When the regulatory filing, disclosing a deal for the New York Fed's Maiden Lane III fund to take on an additional $16 billion of AIG obligations, was finally made on Dec. 24, 2008, it made no reference to the counterparty payment percentage.
But it did note that about $15.9 billion in payments and surrendered collateral would satisfy a $16 billion "par amount" of obligations.
Treasury Secretary Timothy Geithner
Banks ultimately received $27.1 billion in payments from Maiden Lane III to liquidate the credit default swaps — part of the overall $93 billion AIG payout that critics have labeled a stealth bailout of the institutions.
Geithner 'Officially Recused'
The New York Fed during Geithner's final weeks at the bank also has been chided for not negotiating hard enough for concessions from the banks after a bailout he helped engineer along with Fed Chairman Ben Bernanke and former Treasury Secretary Henry Paulson.
All but one bank refused to offer any discount on their holdings. Geithner, who has faced criticism for his handling of the AIG bailout throughout his first year in office, was nominated for Treasury secretary on Nov. 24, 2008, by then president-elect Barack Obama, the day much of the email traffic started.
Geithner recently said there was little leverage to negotiate with counterparties and that "selectively defaulting" on the obligations could have had disastrous consequences for a financial system in crisis.
Republican Representative Roy Blunt of Missouri said the emails meant Geithner "has some explaining to do." "Finding out that the leader now responsible for shepherding our economy through these troubled times encouraged bailout recipients to hide the ball is nothing short of stunning," Blunt said in a statement.
Treasury spokeswoman Meg Reilly said that on the day he was nominated, Geithner was "officially recused" from dealing with matters relating to specific companies, including AIG, because of his nomination.
"Secretary Geithner played no role in these decisions," Reilly said.
SEC Wants Counterparty Details
The email traffic, which Issa requested from AIG in October, shows that attorneys for the New York Fed requested delays in AIG disclosures to the SEC and sought to delete references to "synthetic" collateralized debt obligations and the list of payments to counterparties.
"We believe that the agreements listed in the index (i.e., the Master Investment and Credit Agreement and the Shortfall Agreement) do not need to be filed," Peter Bazos, a Davis Polk & Wardwell lawyer representing the New York Fed, wrote to AIG attorneys on Nov. 25, 2008. "Please let us know your thoughts in this regard."
Six days after the Dec. 24 filing, the SEC said in a private letter to AIG's then chief executive, Edward Liddy, that the insurer should disclose listings of collateral postings for the swaps and name the bank counterparties that were paid.
This led to the March disclosure. Spokespersons for both AIG and Davis Polk in New York declined to comment on the matter.
Thomas Baxter, the New York Fed's general counsel, said it was appropriate for the bank to weigh in on the disclosures, but the final decision rested with AIG and its lawyers.
"Our focus was on ensuring accuracy and protecting the taxpayers' interests during a time of severe economic distress," he said in a statement.
"All information was in fact disclosed that was required to be disclosed by the company, showing that counterparties received par value. There was no effort to mislead the public," Baxter said.