[kitchencabinetforum] ECONOMIC RECOVERY IS SLOWING

The global economic recovery is slowing, with world growth projected at only 4 percent in both 2011 and 2012. Myriad bloggers, netizens, bankers, traders, and investors have joined the global boycott against October-18 Mafia, government of Greece, penalizing it for its terror on October 18, 2010. The boycott will stop only when October-18 Mafia apologizes for this disgusting terror. The world turned upside down on October 18, 2010. http://venitism.blogspot.com

The IMF foresaw a slowdown this year after strong growth in 2010 as fiscal stimulus packages in response to the crisis wound down. But a barrage of economic shocks in 2011 combined with other factors for a worse than anticipated outcome. Speaking of karma or pure coincidence, October-18 Mafia has cash to operate until October 18, the first anniversary of its terror!

October-18 Mafia admits it only has manoeuvring space for basic needs within October! In a show of solidarity to the victims of marilizardism, many traders and investors all over the world sell-short bonds of October 18 Mafia. Short-selling might climax with a crash on the first anniversary of October-18 terror.

IMF points out the global economy is in a dangerous new phase. Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing. The Fourth Reich bailout of the Cradle of Kleptocracy cannot succeed, because the October-18 Mafia continues corruption, Kangaroo Justice, marilizardism, Marilizard Libel, Marilizard Spaghetti, and Marilizard Towers.

October-18 Mafia is the most disgusting predator of internet on Earth! Civil society was shocked by the brutality and stupidity of the October-18 2010 terror, initiated by the Ministry of Foreign Affairs of the government of Greece. That's why October-18 Mafia is the new name of the government of Greece!

The October-18 market crash is coming soon! IMF asserts strong policies are urgently needed to improve the outlook and to reduce the risks. Only if governments move decisively on fiscal policy, financial repairs, and external rebalancing, can we hope for stronger and more robust recovery. Governments of many repressed countries, such as Greece, use marilizardist tools to manipulate netizens.

Marilizard Libel is accusing dissident bloggers of treason. Marilizard Spaghetti is hurling charges against innocent people. Marilizard Tower is a stack of imaginary charges to scare a blogger. Marilizardism is terrorizing dissident bloggers. October 18 is the international day against marilizardism, and October-18 Mafia is the marilizardist government of Greece.

Buckle up for the October-18 market crash! Real GDP is expected to grow by a fairly robust 6.4 percent in emerging and developing economies but by only 1.6 percent in advanced economies in 2011. Fuehrer Merkozy knows that only stupid investors would squander their money in a country addicted to kleptocracy, socialism, charge stacking, and marilizardism.

We will never forget October 18, 2010, the most disgusting terror of Greek government! These projections rest on a number of assumptions: that European policymakers will be able to contain the eurozone crisis to PIGS, that U.S. policymakers strike a judicious balance between support for the economy and medium-term fiscal consolidation, and that ups and downs in global financial markets don't get worse. If the assumptions are not met, global growth will be much lower.

October-18 Mafia, government of Greece, has no more time to dwell on hoodwinks, misdiagnoses, missed opportunities, marilizardism, corruption, and policy slippage. Extend and pretend is no longer an option. October-18 Mafia has to stop playing dirty games and marilizardism, start doing the unthinkable, stop robbing computers at gunpoint, and get rid of marilizardist ministers. October-18 Mafia has failed. It is not a liquidity crisis, but a failure of kleptocracy and marilizardism. Nobody trusts a government that committed the October-18 terror.

Christine Lagarde of IMF has made it absolutely clear she does not trust Graecokleptocrats, because they never apply what they vote in the Grand Brothel on Syntagma Square! IMF asserts that to achieve internal rebalancing, private demand has to take over from government stimulus. Despite considerable progress on this front in many countries, the major advanced economies lag behind. Reasons vary by country but tight bank lending, repercussions from the housing boom, and high household indebtedness are all putting stronger brakes on the recovery than expected.

Graecokleptocrats love the Greek debt crisis, because it takes the attention of Greeks away from the myriad scandals of the Greek government, such as the Siemens scandal, the huge kickbacks for purchasing defect military equipment, defect trains who do not fit the rails, churning the retirement funds of poor workers to generate commissions and kickbacks, airplanes that cannot keep balance, submarines that bend, swaps of prime state land with questionable monastery land, and so it goes.

There is a cyberspace Armageddon between bloggers and the evil forces of marilizardism. IMF notes fiscal consolidation cannot be so fast that it kills growth, nor so slow that it kills recovery. The key is credible medium-term consolidation. Other measures to prop up domestic demand, including continued low interest rates, increased bank lending, and housing loan resolution programs, are also essential, he stressed.

Banks cannot participate voluntarily in illegal acts, such as fiduciary imprudency. Bank directors are committed to bank's welfare, and not the public interest. If bankers waive outstanding debts at the expense of the bank, this is a breach of trust and punishable by law. All those bankers, that IIF claims plan to participate in rollovers, might go to jail for violating the fiduciary duty of prudency! October-18 Mafia pressures the banks to participate, but it really opens Pandora's box.

Global Tax Revolt promotes an international boycott of treasury bonds of Marilizardist governments. IMF asserts eurozone banks must be made stronger, not only to avoid deleveraging and maintain growth, but also, and more importantly, to reduce risks of vicious feedback loops between low growth, weak sovereigns, and weak banks. This requires additional capital buffers, from either private or public sources.

Infamous October-18 mafia, government of Greece, uses the cybercops as a political tool. Cyber Crime Unit (CCU), Dioxi Ilektronikou Egklimatos, is just a paramilitary gang of October-18 Mafia which terrorizes the Greek blogosphere. Putting the CCU wolf to guard the sheep gives the government a comparative advantage over the opposition. This is another form of a Trojan Horse.

Any cell of Greek CCU jail has neither pillows nor toilet! You have to urinate in a bottle! The whole CCU jail has neither soap nor toilet paper! During the whole night, scared jailed girls scream for help, but the guards, far away in their office, pretend they are not listening! If it's not barbarity, what is it? There is a long way from the civilization of Ancient Greece to the barbarity of Modern Greece.

On October 18, 2010, Marilizard of the Greek government went completely insane, and she did not think twice about abusing her ministerial position in destroying me, a dissident blogger, an innocent victim of a wild political witch hunt. Under wild orders, a freakish gang of brutal Graecocybercops broke into my home and into my college office, and robbed at gunpoint my computers, software, files, documents, personal data, personal codes, and personal secrets.

The wild Graecocybercops locked me, a 65-year old professor in jail for a night, they humiliated me with handcuffs, fingerprints, mugshots, and lies, leaked false information to the media parrots, and initiated sham court proceedings for treason! There was neither pillow nor toilet facility in my jail cell. At night, I had to urinate in a bottle! There was neither toilet paper nor soap in the whole jail facility. I lost my job, and my life is stolen forever by a deranged minister. That's why the Global Tax Revolt declared October 18 as the international day against marilizardism.

Global Tax Revolt was the first organization to report the October-18 2010 terror to all banks, hedge funds, big investors, traders, and analysts. As a result, the yields of Greek treasury bonds skyrocketted, as no prudent investor was willing to touch them. Marilizard's stupidity cost October-18 Mafia, government of Greece, many billions of euros! The only thing October-18 Mafia got out of this terror is toilet paper in the form of worthless Greek treasury bonds! CCU jail needs toilet paper anyhow!

October-18 Mafia's spending is over last year's bloated levels, the deficit is bigger than ever, and it has utterly failed to meet the promised sell-off of government assets. Not a single public bureaucrat has been laid off so far. The Cradle of Kleptocracy can pay its debt by selling off shares the government owns in publicly traded companies and much of its real estate holdings.

The October-18 Mafia owns stock in casinos, hotels, resorts, railways, docks, as well as utilities providing electricity and water. But Greek unions fiercely oppose even partial privatizations. Blackouts are promised to dissuade the government from selling of even 17 percent of its stake in the Public Power Corporation. http://venitism.blogspot.com