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lol... CCP hits panic button... eases rates and credit as numbers show implosion of Chinese economy...

China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain.

Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged 16-24 climbed to 19.9%, a record high and headache for the Communist Party as it gears up for a major congress in coming months that’s expected to give President Xi Jinping a precedent-defying third term in power.

“July’s economic data is very alarming,” said Raymond Yeung, Greater China economist at Australia & New Zealand Banking Group Ltd. “Authorities need to deliver a full-fledged support from property to Covid policy in order to arrest further economic decline.”

The data suggest a crisis of confidence among Chinese businesses and households, adding another threat to the world economy as global demand for everything from Apple iPhones to luxury goods take a knock. At the same time, a worsening property slump is being felt at home and abroad as commodity prices such as iron ore and copper plummet.

China’s bonds surged and the offshore yuan weakened as investors absorbed the disappointing data prints and surprise rate cut. A stock rally cooled across Asia, commodities tumbled and the dollar rose as the gloomy news spread across financial markets.

China’s leadership has ruled out large-scale stimulus and vowed to continue with its stringent Covid Zero policy, requiring authorities to shut down businesses and lock down the population when major outbreaks occur -- as is the case now in the resort island of Hainan. That’s dimming the growth outlook for the rest of the year, which economists are downgrading further below 4%.

Obama and his stolen Connecticut Social Security number


Barack Obama has used a stolen Social Security number most of his adult life. The one he uses was issued on March 28, 1977 to someone living in Connecticut, born in 1890, now long deceased. Obama was fifteen years old that day, living in Hawaii and playing on the junior varsity basketball team at Punahou. I uncovered the SSN information and include it in my memoir, The Rubbish Hauler's Wife versus Barack Obama.

Obama violated federal law by using a phony number. From the United States Code: "Identity theft laws under 18 U.S.C §1028 makes it a crime to misuse someone's identifying information, whether personal or financial. Personal identifying information can include social security numbers, driver's license number, credit card or bank account information, and PIN numbers obtained through the internet."

Obama is a felon — plain and simple. He should have a Hawaiian Social Security number like his half-sister, Maya, starting with the numbers 575 or 576. He claimed he worked at Baskin-Robbins when he was fifteen. It would have required a Social Security number. Instead, Obama has a number starting with 042, used for the exclusive use of CT residents, and which appeared on his 2009 tax return while he was president. Someone forgot to remove the number.

From 1936 until June 2011, Social Security numbers were assigned by the address on the SS-5 form used to apply for one. Under Obama, the law was changed to randomize where the applicant was living when he applied. Imagine that.

When Social Security numbers were first issued in 1936, the program was supposed to augment retirement plans. The Social Security Trust Fund was not a part of any other government program until President Jimmy Carter raided it in 1977 and combined it with the general fund. To date, the government has borrowed $2.7 trillion from the Social Security Trust Fund to pay for other government spending. That is 38% of the intra-government debt.

So — the government is stealing our retirement money (thanks to a peanut farmer and the second worst president we ever had), and in a couple of years the worst president we ever had, and a felon, will receive Social Security benefits using a contrived and illegal Social Security number.

What a great country we live in!

Time will tell how the season actually plays out.

Lots of wins still on the table. Pitt game will be the usual battle and OK looks to be reloaded. The rest look like ducks on the pond ready to be taken. The next few games will tell who our QB is remainder of the season. If Nicco gets an opportunity he needs to grab it and run with it. Not sold in Greene as our starter. The team needs a stable leader with all the skills required for that position to be successful.

Not looking forward to syphering through all the daily bullshit noise in hopes of finding a reasonable response.
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Play calling!

I know everybody, including myself is disappointed right now, but someone please explain this to me. 4th down and short, you bring in your back up quarterback who hasn’t been in the game at all to make the first down. I mean Donaldson and Green both have been running pretty well. Someone educate me on that play call because I just don’t understand.
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