Saturday, September 20, 2014

Smithfield Farms

 Smithfield Farms


Maybe some of you are aware of these goings on, but you still
need to take the time to read this.
   
Smithfield Farms, the largest pork producing farm in the USA
was sold in September to China with the  unanimous support of its stockholders.

The hogs will still be raised here, but slaughtered and packaged for sale there before being sent back here. 
This includes labels: of Morrell, Eckrich, Krakus, Cudahy, Premium Hams, Cook's, Gwaltney.

The same is true with chickens under these labels.  They can now be   
shipped there, but when they come back all that needs to be on the   
label is that they... WERE RAISED IN THE USA. 
Not that they were processed in China. 
Our great FDA at work. 


The chickens under these labels will all be processed and most sold to fast
food restaurants, schools and supermarkets.  The China slaughter and processing requirements are, for the most part, unregulated and far inferior to requirements of the U.S.A.
  
  
We recently learned that Starkist Tuna is now owned by Korea and is in conflict with the U. S. concerning quality, safety, and records keeping, which Korea refuses to produce.
  
   
I read several articles on Google about this, and even one that was defending the eating of tilapia fish said to avoid the fish that came from China.

Also, I had just returned home from buying Albertson's 4-day special of 4 bags of frozen tilapia for the price of one.  Sure enough, on the top of the bags it read "farm raised", and on the bottom, in small print, it said: "China”.
  
Recently, on TV, a Food inspector said he had lived overseas and he had seen the filthy conditions their foods are raised and processed in. It is enough to make you throw-up.

Some foreign workers have to wear masks as they work in these places because the food is so rotten and filthy, it makes them want to throw up. Many of their fish on Fish Farms are fed raw sewage daily. He said he has seen so much filth throughout their food growing and processing that he would "never" eat any of it. They raise this filth, put some food coloring and some flavorings on it, then they ship it to the USA & Canada for YOU to consume and feed to YOUR families. They have no Food & Safety Inspectors. They ship it to you to buy and poison your families and friends.  Imported food we eat is junk!
  
  
  
Green Giant frozen vegetables are from China (Mexico too), and so are most of Europe's Best.  Arctic Gardens are Okay. So is Birdseye.   
  
Never buy the grocery store garlic unless it is clearly marked from USA or Canada, the other stuff is grown in people's... dung (even worse than chicken poop). China is the largest producer of garlic in the world; U. S. is next.
  
  
Buy only local honey, much honey is shipped in huge containers from China and packaged here.
  
  
  
Cold-FX is grown and packed in China and is full of fecal bacteria. Doesn't work anyway; it is a big scam.
  
  
  
If the country of origin on a product is not clearly marked "beware."  If the product is produce, ask an employee.
   
  
Watch out for packages which state "prepared for," "packed by" or "imported by" or "distributed by." We advocate mandatory labeling, especially the produce.
    
  
The country of origin should be clearly shown on the item in the store.
  
  
  
Go to the local farmers' markets in season for your produce and keep a wary eye open the rest of the year.

Please read this very carefully, and read to the very bottom. It's important for all of us.

  
The above facts indicate how is it possible to ship food from China cheaper than having it produced in the U. S. or Canada.
  
  
PLEASE NOTE--THE "OUR FAMILY" BRAND OF MANDARIN ORANGES SAYS
  
RIGHT ON THE CAN 'FROM CHINA'. SO, FOR A FEW MORE CENTS, BUY THE LIBERTY BRAND, GOLD BRAND OR DOLE ARE FROM CALIFORNIA.
  
  
  
Beware, Costco sells canned peaches and pears in a plastic jar that come from China.  Lots of the jar items at Dollar Tree are from India!
  
  
  
ALL "HIGH LINER" AND MOST OTHER FROZEN FISH PRODUCTS COME FROM CHINA OR INDONESIA. THE PACKAGE MAY SAY "PACIFIC SALMON" ON THE FRONT, BUT LOOK FOR THE SMALL PRINT.

MOST OF THESE PRODUCTS COME FROM FISH FARMS IN THE ORIENT WHERE THERE ARE NO REGULATIONS ON WHAT IS FED TO THESE FISH.
  
  
  
Recently The Montreal Gazette had an article by the Canadian Government on how Chinese feed the fish: They suspend chicken wire crates over the fish ponds, and the fish feed on chicken dung.
   
  
If you search the Internet about what the Chinese feed their fish, you'll be alarmed; e. g, growth hormones, expired anti-biotic from humans. Never buy any type of fish or shellfish that comes from these countries: Vietnam, China, Philippines.
    
Check this out personally.  Steinfeld's Pickles are produced in India - just as bad!
  
Another example is canned mushrooms. No-Name brand comes from Indonesia...
  
Also check those little fruit cups. They used to be made in Canada, in the Niagara region, until about 2 years ago. They are now packaged in China. 
Most sold in Aldi stores.
  
  
  
While the Chinese export inferior and even toxic products, dangerous toys, and goods to be sold in North American markets, the media wrings its hands! Yet, 70% of North Americans believe that the trading privileges afforded to the Chinese should be suspended.
  
  
  
Why do we need the government to suspend trading privileges?
  
THIS IS A YOURSELF PROJECT.
  
Simply look on the bottom of every product you buy, and if it says 'Made in China' or 'PRC' (and that now includes Hong Kong), simply choose another product or none at all. You will be amazed at how dependent you are on Chinese products, and you will be equally   amazed at what you can do without.
  
  
THINK ABOUT THIS:
  
If 200 million North Americans refuse to buy just $20 each of Chinese goods, that's a billion dollar trade imbalance resolved in our favor... fast! The downside? Some Canadian/American businesses will feel a temporary pinch from having foreign stockpiles of inventory.
  
  
  
Just one month of trading losses will hit the Chinese for 8% of their North American exports. Then they will at least have to ask themselves if the benefits of their arrogance and lawlessness are worth it.
  

Share with your friends.  Start reading labels more closely and buy something else even if it cost a few cents more

1960 - NELSON RIDDLE, Theme to "ROUTE 66"

The Rumor Mill News Reading Room 
1960 - NELSON RIDDLE, Theme to "ROUTE 66"
Posted By: hobie [Send E-Mail]
Date: Saturday, 20-Sep-2014 17:23:59

Hi, Folks -
From back in the days when the theme music was an important part of the TV 'viewing experience':
"Route 66" was a CBS show that ran from 1960 through 1964, in which two young men traveled the country in a Corvette, following Route 66 - and each week, drama ensued. :)
Here's the wonderful theme Nelson Riddle wrote for that show. It became a pop hit at the time (and is still worth listening to today :).
Thanks to YouTuber hankgwe.
=====
http://www.youtube.com/watch?v=vcZ1k4d02KA

=====
--hobie 

Nadita File For 9-19-14

Nadita File For 9-19-14

09/20/2014
Nadita File – 09/19/2014 -- Post Brought From Dinar Daily

 Good evening everyone, thanks for watching Nadita File where the spin starts here J


Fighting ISIS :     Chess reported Pres. Obama praised Senate passage of plan to train and arm Syria rebels to fight ISIS.  Measure attached to government spending bill.  Army Chief of Staff says it will be increasingly hard to make precision strikes against ISIS hiding among Iraqi population.  Killing civilians will be worst mistake we could make.

 Hundreds of muslims in Sydney suburb protesting police raids authorities say thwarted an ISIS plot.  Police says ISIS planned to carry out and videotape randowm beheadings.
~~~
Other News :     Kenshin7 takes a deep breath to hear Scotland votes to remain part of UK.  Unprecendented 85% turnout.  Scots voted 55% to 45% to remain part of the UK.

 Yemen says foreign airlines have halted flights into capital of Sanaa.  That’s due to heavy fighting between Shiite rebels and Sunni militias.  Iran and 6 world powers holding more talks today.  Trying to work out deal on Iran’s nuclear program.  They appear no closer to a deal.

Rockfl9 heard First shipment of increased American military aid to help fight Ebola epidemic landed in Liberia.  More supplies and personnel to follow.

 Littlesam feels bad to hear authorities in Bell, FL say a man killed six grandchildren, his daughter and himself.  Identified as Don Spirit, had served time on a gun charge.

San Diego’s school district to return military surplus vehicle after negative reaction.  Had intended to use MRAP as rescue vehicle.

 California officials say huge wildfire that’s scorched 114 sq miles was started by man with a long criminal history.  Calkid11 shakes his head in disbelief of what Wayne Huntsman did.  He is set for arraignment today.

 The bull climbed 14 points on the slippery slope.  Gold closed at $1,217, silver at $17.81, copper at $3.09.  Crude oil closed at $92.45

 Alibaba (BABA) is the talk of the day! Alibaba shares traded as high as $99.70 after IPO at $68.  The stock gained 38%, closed at $93.89.  Alibaba traded 100M shares within the first 10 minutes, topping Walmart’s market cap.  Overallotment will be exercised over the next 30 days.

Alibaba market cap will be about the size of BOA.  It would be bigger than e-commerce rivals like eBay and Amazon.  Annual active buyers : 279M, Annual orders : $14.5B, Q2 Revenue : $2.54B, Employees : nearly 27,000.

 Roughly 10% of Alibaba stock went to retail, friends of execs.  Bookrunners for the IPO : Citi, Credit Suisse,  Goldman Sachs, JPMorgan, Morgan Stanley, Deutsche Bank.

 Uneek wonder what Yahoo is going to do with the proceed of Alibaba.  Yahoo is expected to get $8.3B cash infusion from selling part of its stake in Alibaba.

 Genx4me is glad she is not one of the card members shopping at Home Depot in April.  Home Depot says malware threat linked to data breach eliminated.  May have affected 56M cards.

 Apple is upgraded to buy at Cowen with price target $110.  Apple begins selling its iPhone 6 and Iphone 6+ in stores today, after record pre-orders.  iPhone 6 uses Qualcomm 4G LTE modem, chips from Avago (AVGO) and Skyworks (SWKS).  If you are lucky today, you would have been greeted by Tim Cook at San Alto, CA store.

 EagleEye is eyeing Fireeye (FEYE) reiterated as overweight at Piper Jaffray, price target $40.

 Galaxy or iPhone 6? Boosterbglee can’t decide what she wants.  Samsung says wireless carriers will start taking orders today for its Galaxy Note 4 smartphone.  Its screen is slightly larger than Apple’s iPhone 6+.

European Commission approves Gilead’s (GILD) drug Zydelig to treat two incurable blood cancers.  France’s Vivendi seals deal to sell its Brazilian broadband business to Spain’s Telefonica.  Price tag is $9.3B.

 From Dinar Land :   Captl1 reported France conducted its first airstrike against ISIS today.  French jets destroyed an ISIS logistics depot in northeastern Iraq.  France says other operations will follow in the coming days.

France is the first foreign country to add military muscle to US airstrikes against ISIS.  Pres. Hollande said France will participate in the fight against ISIL in Iraq but will not bomb targets in Syria where ISIL headquarter is.  Observers predict that Britain will follow suit after Scotland ordeal.

 A-J516 heard security forces at Beiji Refinery foiled another attack by ISIL, destroying two of ISIL’s vehicles and sending 5 worker bees to their heaven.

The Spokeman of the joint forces, Saad Maan said the attack killed 24 and injuring 90 civilians.  Ministry of Justice warned that this attack was to free terrorists from prison and ordered increased security there as ISIL is planning to storm the prison.

 Religious authority warned against making the foreign military assistance a gateway for Iraqi security forces and the volunteers,  joining them loose their focus on being the first and foremost combat team in fighting ISIL.

Top Cleric Abdul Mahdi al-Karbalani said Iraq must remain independent, united, and focus on regaining all territories from ISIL occupation.  Sunni and Shiite religious leaders urged Iraqis to remain united and put the country’s best interest before their personal agenda.

 ISIL terrorists have vacated many of its positions and abandoned their tanks and armored vehicles in oil rich Deir al-Zour province in anticipation of US airstrikes.

The terroristsl mingle with civilians which make it difficult for airstrikes to hit target without hurting civilians, which ISIL may use as propaganda against US airstrikes as killing the muslim randomly.

 US Commanders said this will not deter them to bomb terrorists as gymrat76541 is the best person to conduct the airstrikes with the technology exists to pinpoint selected targets.

 Japan’s FM said Japan offered Iraq millions of dollars in humanitarian assistance aimed at helping displaced people.  Japan’s investments in Iraq is to renovate and build the whole Iraqi shoreline at the tip of the gulf.

 Ministry of Public Works said  they will continue to work in repairing and rebuilding the roads, bridges and overpasses in Baghdad.  There is no lack of funds but security is the issue at times to prevent crews to work.

 PM Abadi arrived in Sulaimaniyah Province for a crucial and important meeting with former KRG president Talabani.  Abadi is facing challenges to unify Iraq and please every sector and political bloc.  His spokesman said Abadi will work tirelessly to bring Sunnis, Kurds, and Shiites to fight against ISIL and regain occupied areas, cities, and towns.

 A spokesman for PM Abadi said GOI and KRG are about to enter into the most comprehensive talks to resolve all major issues especially about the oil exportation from Kurdistan region.

 The goal is to keep the country united and provide the region with its financial needs.  Similar talks with Sunni leaders are to follow where Sunnis will gain more decision making in their internal affairs and sharing the wealth which will weaken the ISIL grip especially in Anbar, Nineveh, and Diyala provinces.

This is what the new government is planning to achieve in spite of objections of some powerful Shiite parties and blocs.

 From Rumor Land :   Aggiedad77 says 2014 budget will reach parliament on the 10/10, but he thinks it will be sooner than later.  Pepperoni on pizza says Iraq does nothing fast despite the outcries from everyone in the media to do so.

Tman23 says another article proving the government is not seated as the Kurds have not yet agreed to participate.  Poppy3 says he wants to see all banking laws passed and implemented.

From the desk of Stryker says the deal seems to be completed on their oil agreement, close on Article 140 and the rest will follow nicely.  DC says everything is planned again and ready to go.

Exogen says UNSC meeting is the game changer.  Iraq is officially has the full support of planet earth.  Full Santa suit alert now.

 The spin stops here J send your comments to #naditafile,  Dinar Thug is next, good night everyone J

Have a blessed week with your family J

Indian Settlements Now Completed!

Subject: Indian Settlements Now Completed!

ANOTHER GREAT SIGN THAT CMKX FUNDS ARE SOON TO BE RELEASED!  IT WAS ALWAYS SAID TO WATCH FOR THE INDIANS TO BE FULLY PAID (THEY WERE IN FIRST IN LINE), AND IT WOULD HAPPEN JUST BEFORE CMKX WAS RELEASED.  WELL, THE FINAL PAYMENT TO THE INDIANS OVER THE COBELL TRUST, A TRUST THAT WAS STOLEN BY CROOKS RUNNING THE GOVERNMENT IN THE EARLY 1990'S, HAS NOW BEEN RELEASED.  

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  I DON'T THINK SO. 

WE WATCH AND WAIT, BUT I BELIEVE NOT TOO MUCH LONGER.


THRIVE Solutions Group Catalyzes Colorado GMO Labeling Movement



Dear Thrive Movement,

This week we want to give a shout out to THRIVE Denver- who created a Solutions Hub group focusing on GMO Labeling.

Although labeling is clearly only a first step in the banning of GMOs, the Colorado initiative can raise awareness and hopefully provide increasing interim protection.

They called their GMO initiative Right To Know Colorado and with limited financial resources but vast commitment and hundreds of volunteers, they created Proposition 105 and got it on the November ballot.



Toward a thriving world,

Kimberly , Foster and The THRIVE Team



  
      Like us on Facebook     Visit our blog     Follow us on Twitter    
  

ISA_9/11 War Crimes Tribunal Judge Alfred Lambremont Webre { REMINDER }

Whereas,  The President of the United States of America, having signed H.R. 3723 on October 11, 1996, has protected this transaction by allowing Corporations the right to declare their Contracts, Clients, Internal Procedures and Information, and the transactions they engage in as a Corporate or Trade Secret fully protected under the Economic and Industrial Espionage Laws of the United States of America and the International Economic Community.

Sent: Saturday, September 20, 2014 2:49 PM
Subject:  Tribunal Judge Alfred Lambremont Webre: 9/11 War Crimes Tribunal

Jean posted: " 9/11 Treason Summarized "In Terms Of Six Questions" | 9/11 and Ground Zero Memo to US Congress: 6 key Questions - Treason 9/11 War Crimes Tribunal: Affidavit of Leuren Moret dated Octobe 19, 2012 - 9/11 War Crimes Tribunal 9/11 Judge Alfred Webre"


2012: What's the 'real' truth?


Alfred Lambremont Webre: 9/11 War Crimes Tribunal

9/11 Treason Summarized "In Terms Of Six Questions" | 9/11 and Ground Zero Memo to US Congress: 6 key Questions - Treason 9/11 War Crimes Tribunal: Affidavit of Leuren Moret dated Octobe 19, 2012 - 9/11 War Crimes Tribunal 9/11 Judge Alfred Webre: 9/11 Tribunal in session; Welcomes Witness & Experts’ evidence; Will issue Verdicts […]


cc: Veterans Today - Lee E Wanta
       Bureau Chief / Editor
        A - 1010, Vienna (Wien), Austria - Europa 



Cheerleaders buck the system and end up leading hundreds into prayer

Notice to Congress—The Days of Legalizing Theft Are Over

Notice to Congress—The Days of Legalizing Theft Are Over
 
The most recent round of fraud began on March 28, 1861.  That was the day the Congress of the united States of America adjourned for lack of quorum and never reconvened.  Ever since, “Congress” has functioned in one of three roles—(1) as a corporate Board of Directors for private, mostly foreign-owned and deceptively named governmental services corporations operated by banking cartels (the Federal Reserve running the “United States of America, Inc.” and the IMF running the “UNITED STATES”) or (2) the government of a legislative democracy calling itself the United States of America (Minor)—American “states” more often thought of as federal territories and possessions—Guam, Puerto Rico, etc., or (3) operating as a plenary oligarchy ruling the Washington DC Municipal Government.
 
All this time that you thought the members of Congress were representing you and your interests, they’ve been representing other interests entirely.  That explains a lot, doesn’t it? 
 
On March 6, 1933 the “President” of the “United States of America, Inc.” Franklin Delano Roosevelt attended a Conference of Governors meeting.  These “Governors” were all “State” franchise managers of the United States of America, Inc., exactly like local franchise owners of Burger King or Sears.  They got together and pledged the assets of their customers—their employers—the American states and people——as “sureties” for their private corporate debts.  And then they bankrupted the “United States of America” and all the “State” franchises.
 
The “federal” States that were created by the 14th Amendment of their private for-profit corporation’s look-alike, sound-alike “constitution” published as the “Constitution of the United States of America” are not the same as the actual States of the Union, nor are their “State” citizens the same as American State Citizens, nor are their “US citizens” the same as Citizens of the united States, but they pretended that they were and the banks gleefully agreed. To secure the debt owed by the “United States of America, Inc.” the banks established maritime salvage liens against every parcel of land, every business, every man, woman, and child in America, and continued to operate their doppelganger corporation under Chapter 11 Reorganization. They laid claim to your “good faith and credit” —stole your credit cards— and your identity as an American State Citizen, and they never bothered to tell the victim.  
 
They also had you declared legally dead and probated your estate and issued bonds based on the value of your labor and private property. Just look at “your” Birth Certificate—signed by the County Registrar, an officer of the probate court, issued in the NAME of a “dead person”—you, numbered as a bond and issued on bond paper.  At the same time, they converted all your private bank accounts to the ownership of the ESTATE trust they created “in your name” and moved the ESTATE offshore to Puerto Rico where you and your assets supposedly came under the foreign maritime jurisdiction of the United States of America (Minor).  Look at the NAME on “your” bank account checks.  Look at the signature line under a high powered magnifier.  The IMF claims that it owns all your bank accounts.  It claims that your ESTATE was “abandoned”, and now all the spoils belong to the bank.  They are pressing “Congress” to pass “laws” to allow them to seize all American bank accounts—your savings, your retirement accounts, your checking accounts, everything.  We’ve seen Dodd-Frank.  Now we are seeing “bail-in” proposals. The Big Banks want “Congress” to front for their greed and criminality—again.
 
This is all fiduciary trust fraud and fiduciary trust fraud has no statute of limitations. 1862 or 1933 or 2014—it makes no difference.  We suggest that members of Congress assume their public offices acting under full 100% individual commercial liability —or be ousted and tried as criminals. Next, we suggest that they honor their contract with America and issue debt-free public money— real American Dollars. Next, liquidate all the “too big to fail” banks, tear up the corporate charters these entities have violated, seize back our purloined assets, and shut them all down. Meanwhile, the market for financial services will open up for banks operated under actual state charters.
 
This thing you have thought of as your government is nothing but a multi-national conglomerate run criminally amok. The real government of this country is vested in each of you. You all hold more civil authority on the land than the entire federal government.  Deal with the “FEDERAL RESERVE” and “IMF” and “CONGRESS” the same way you would deal with “TARGET” or “WALMART” or “ARBY’S” if they grossly endangered, cheated, enslaved, and defrauded you.   Keep calm and get even.  You all know what to do. 
 
You have the guaranteed Universal Right of Self-Declaration provided by United Nations Conventions, plus the protections of the Universal Declaration of Human Rights.  You have the Geneva Conventions and the Lieber Code.  You have the preserved right to Common Law, guaranteed by Uniform Commercial Code 1-308 and recourse guaranteed by 1-103.6, which includes the right not to be bound by any contract that is unilateral, inequitable, involuntary, undisclosed, tainted by fraud, not in-kind, entered in your behalf by others merely claiming to represent you, or deemed to exist as the result of receiving a compelled benefit or fruit of monopoly inducement.  You have the absolute right to Expatriate from their maritime jurisdiction.
 
Do so.
 
When 400 million Americans stand up and clean house, the world will listen and hear the roar. 

LYNDA NEEDS HELP NOW! Repost

Hi John,

I'm sending this to you in hopes that I can get some help now...

I need $90.00 for an electric bill before Monday at 5PM or they will shut me dowm.

I am disabled with spinal damage, breathing problems, both wrists were broke and now don't work very well.

I have no more food and been out for a couple  of days. I am really down and out.

I don't get my disability until the end of the month. No one will wait for that.

All I can say is that when all of the gcr and the rest of this mess gets done and the people get money, I will pay all back. Hopefully this will not be for a very long time..

Please contact me at:


Thank-You in advance for all your help.


Lynda

"Currencies Back on the Agenda" Posted by MDJ at TNT

"Currencies Back on the Agenda" Posted by MDJ at TNT

09/20/2014
TNT:

mdj:  WOW........Currencies are back on the G-20 agenda as diverging monetary policies from the U.S. to Japan threaten to increase exchange-rate volatility.

Foreign-exchange “coordination” will be reflected in tomorrow’s communique in Cairns, Australia, echoing a pledge by Group-of-20 economies in July 2013 in Moscow, South Korean Finance Minister Choi Kyung Hwan said in an interview today


Currencies Back on Agenda as G-20 Monetary Policies Split


 By Angus Whitley, Benjamin Purvis and Cynthia Kim  Sep 20, 2014 6:24 AM ET

Currencies are back on the G-20 agenda as diverging monetary policies from the U.S. to Japan threaten to increase exchange-rate volatility.
....
Foreign-exchange “coordination” will be reflected in tomorrow’s communique in Cairns, Australia, echoing a pledge by Group-of-20 economies in July 2013 in Moscow, South Korean Finance Minister Choi Kyung Hwan said in an interview today.

The U.S. dollar has climbed as the Federal Reserve edges closer to its first interest-rate increase since 2006, while easing by the European Central Bank and the Bank of Japan are weighing on the yen and euro. In Cairns yesterday, U.S. Treasury Secretary Jacob J. Lew renewed a call for member nations to avoid currency intervention in a bid to gain a competitive edge.

Divergent monetary policies “have the risk of increasing uncertainties in global financial markets,” Choi said. Volatile foreign capital flows “could also have an impact on the foreign exchange rates.”

The dollar has climbed over the past three months against all 16 major peers tracked by Bloomberg, touching a six-year high versus the yen and a 14-month peak against the European currency.

‘Stable’ Moves

“It’s important for foreign-exchange rates to move in a stable manner by reflecting economic fundamentals,” Bank of Japan Governor Haruhiko Kuroda, who is also in Cairns, said yesterday. “It’s natural for it to move in accordance with changes in economic fundamentals.”

Kuroda said this month he would do what’s needed to achieve the BOJ’s inflation target as he continues unprecedented easing. The ECB has cut interest rates to record lows and committed to boost its balance sheet to the levels it had at the height of the sovereign debt crisis in 2012.

German Finance Minister Wolfgang Schaeuble told the G-20 meeting today that expansive fiscal and monetary policies could risk creating a bubble in equity and property markets, according to a German delegation official, who briefed reporters on condition of anonymity in line with policy.

ECB Governing Council member Jens Weidmann told Bloomberg News in Cairns that monetary policy should not be expansionary for longer than necessary to ensure price stability.

Fed policy makers, who met on Sept. 16-17, increased their median estimate for the federal funds rate to 1.375 percent at the end of next year, versus June’s forecast for 1.125 percent. The benchmark target rate has been in a range of zero to 0.25 percent since 2008 to support the economy.

More Volatility

The JPMorgan G7 Volatility Index rose as high as 8.08 this month, a level unseen since February. South Korea’s won is up 2.5 percent against the dollar in the past six months, the most among 11 Asian currencies tracked by Bloomberg.

After finance ministers and central bank chiefs met in Moscow in July 2013, they pledged: “We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes.”

Lew yesterday revisited language from that communique. According to a statement from the U.S. Treasury Department, he told South Korea’s Choi that countries must meet “commitments to move toward market-determined exchange rates.”

Carlos Cozendey, secretary for international affairs at Brazil’s Finance Ministry, said ministers and central bankers didn’t really discuss foreign exchange intervention during the first day of G-20 meetings.

“We don’t really have any specific issues or problems on that right now,” he told reporters.

Italian Finance Minister Pier Carlo Padoan said in an interview that the discussion on currencies was limited.

‘Not at All’

In a statement in April this year in Washington, G-20 finance chiefs said they were committed to “exchange rate flexibility” among other steps to help meet their goal of boosting gross domestic product by an additional 2 percent over five years.

Choi said the South Korean government is “not at all” intervening in the foreign-exchange market to determine the won’s level. Lew’s comments were “reiterating the importance” of the issue, rather than singling out South Korea, Choi said.

While Choi said he lets the market determine the strength of the won, it’s different when moves are extreme.

“If there is a very sudden tilting toward one direction in a very short period of time in the foreign exchange market, then there would be some smoothing operations,” he said. “But that is something that is done not only in Korea but in all other countries.”

He described “smoothing” as the minimum level of effort made by the currency authority in times of such extreme fluctuations.

http://www.bloomberg.com/news/2014-09-20/currency-coordination-emerges-as-g-20-monetary-policies-diverge.html

http://www.dinarrecaps.com/our-blog/currencies-back-on-the-agenda-posted-by-mdj-at-tnt