I open iTunes and I received this error message (-45054), then my iTunes closes. How can I fix this?

After the latest update I did, 23Oct2013 7:30pm PT, my iTunes no longer opens up without the error message (-45054). I click "ok" to acknowledge the message and it immediately closes iTunes with no further information. Any help would be greatly appreciated, expecially if it's an actual employee of Apple. They seem to be way to into the user-helping-user system they need to step up.

Hi,
re: the dialogue:  You do not have enough access privileges for this operation  Error code -45054
A fellow musican I know had an identical issue with this and asked me to check it out.  I fixed it and wrote a long set of instructions on my blog.  His problem was with 10.6 but it was an update he did preparing to move to Mavericks.
I was able to reproduce the error by just removing the /Shared folder from /Users
Here is the link to the problem and the instructions on how I fixed1t
http://fixed1t-mac-support.blogspot.co.uk/2013/10/fixing-itunes-you-do-not-have- enough.html
Regards fixed1t
In order to comply with this form, I must point out that the fixed1t blog site does sell cheap Garageband and sampler support software and that I will benefit if you buy it. The reality is, nobody buys these days LOL  ;-)

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