105.
Prayer
for Relief
Wherefore
Pro Se Slave Negro Louis Charles Hamilton II (USN), herein, and “Plaintiffs”
collectively seeks “Third and foremost Chief Defendant
The
Federal Reserve Bank et al, The Federal Reserve System et al, The Federal
Reserve et al, The Fed et al “Chief Defendant(s) et al” herein
Federal
Reserve Heads “Bill Dudley” and “Dennis Lockhart” over measuring gross domestic
product major GDP discrepancy
Dudley, the New York Fed chief, is locking
horns with Lockhart, the Atlanta Fed president, over accuracy.
Apparently
the New York Fed has been suffering some serious GDP envy over Lockhart’s
GDPNow, a real-time gauge of growth (or not) in the US.
So
Dudley’s crew decided to compete directly with its Atlanta sibling by
publishing its brand-new “Nowcasting Report” last week
“PLANTIFFS”
assert before the Honorable Justice” We all know the economy is of vital
importance in the upcoming presidential election.
As
I’ve said for years, an accurate GDP is the most important — and best —
measurement of economic health of a nation, In global politics, size matters,
and GDP figures prominently in determining that size.
The
New York Fed’s first “Nowcasting Report” calls for first-quarter GDP growth to
be 0.8 percent on Friday.
That’s
0.5 percentage points more than the extraordinarily accurate Atlanta Fed’s
GDPNow estimate of 0.3 percent.
How
do two Federal Reserve banks — using the same data — come up with such
disparate readings for first-quarter economic growth, even though both are
dreadfully low?
I
hope Dudley’s rosier forecast isn’t a covert audition for a role on a presidential
candidate’s economic team after the election in November.
Because
only politicians like big, bold forecasts and seemingly couldn’t care less when
they don’t come to fruition.
The
rest of us geeks like our predictions to be accurate.
But
then again, the Federal Reserve chiefs for the past seven years have predicted
3 percent annual growth, which never materialized….
Gross domestic product (GDP) is a monetary
measure of the value of all final goods and services produced in a period
(quarterly or yearly).
Nominal GDP estimates are commonly used to
determine the economic performance of a whole country or region, and to make
international comparisons.
“PLANTIFFS”
DNA Negro Americans Race legally herein, with Original Complaint’, and Attached
Exhibit(s) and all “Third Party” attached Complaint(s) filed as further exhibit(s)
herein
“PLANTIFFS”
affirm, state and fully declare all allegation, contention, disputes,
disputation, argument, conflict and disharmony, fully cause of action for a “Direct
PLANTIFFS Audit” of
The Federal Reserve Bank et al, The Federal Reserve System
et al, The Federal Reserve et al, The Fed et al “Chief Defendant(s) et al”
herein
Official
inspection of The Federal Reserve et al, organization's monetary accounts, full
inspection, examination, 1000% verification, scrutiny, probe, investigation,
assessment, appraisal, evaluation, review,
PLANTIFFS
collectively analysis an audit of all reserves, stock, store, supply,
stockpile, pool, hoard, gold cache and all Transactions made under the
direction of the
Federal
Reserve Bank et al, The Federal Reserve System et al, The Federal Reserve et
al, The Fed et al “Chief Defendant(s) et al” herein from exact dates of
December 23rd 1913 – December 23rd 2015
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