Tuesday, November 30, 2010
Every month, JPMorgan Chase dispatches a researcher to several supermarkets in Virginia. The task is to comparison shop for 31 items.
In July, the firm’s personal shopper came back with a stunning report: Wal-Mart had raised its prices 5.8% during the previous month. More significantly, its prices were approaching the levels of competing stores run by Kroger and Safeway. The “low-price leader” still holds its title, but by a noticeably slimmer margin.
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Within this tale lie several lessons you can put to work to make money. And it’s best to get started soon, because if you think your grocery bill is already high, you ain’t seen nothing yet. In fact, we could be just one supply shock away from a full-blown food crisis that would make the price spikes of 2008 look like a happy memory.
Fact is, the food crisis of 2008 never really went away.
True, food riots didn’t break out in poor countries during 2009 and warehouse stores like Costco didn’t ration 20-pound bags of rice…but supply remained tight.
Prices for basic foodstuffs like corn and wheat remain below their 2008 highs. But they’re a lot higher than they were before “the food crisis of 2008” took hold. Here’s what’s happened to some key farm commodities so far in 2010…
•Corn: Up 63%
•Wheat: Up 84%
•Soybeans: Up 24%
•Sugar: Up 55%
What was a slow and steady increase much of the year has gone into overdrive since late summer. Blame it on two factors…
•Aug. 5: A failed wheat harvest prompted Russia to ban grain exports through the end of the year. Later in August, the ban was extended through the end of 2011. Drought has wrecked the harvest in Russia, Ukraine and Kazakhstan – home to a quarter of world production
•Oct. 8: For a second month running, the Agriculture Department cut its forecast for US corn production. The USDA predicts a 3.4% decline from last year. Damage done by Midwestern floods in June was made worse by hot, dry weather in August.
America’s been blessed with year after year of “record harvests,” depending on how you measure it. So when crisis hits elsewhere in the world, the burden of keeping the world fed falls on America’s shoulders.
According to Soren Schroder, CEO of the food conglomerate Bunge North America, US grain production has filled critical gaps in world supply three times in the last five years, including this summer…
•In 2010, when drought hit Russian wheat
•In 2009, when drought hit Argentine soybeans
•In 2007–08, when drought hit Australian wheat
So what happens when those “record harvests” no longer materialize?
In September, the US Department of Agriculture estimated that global grain “carryover stocks” – the amount in the world’s silos and stockpiles when the next harvest begins – totaled 432 million tons.
That translates to 70 days of consumption. A month earlier, it was 71 days. The month before that, 72. At this rate, come next spring, we’ll be down to just 64 days – the figure reached in 2007 that touched off the food crisis of 2008.
But what happens if the U.S. scenario is worse than a “nonrecord” harvest? What if there’s a Russia-scale crop failure here at home?
“When we have the first serious crop failure, which will happen,” says farm commodity expert Don Coxe, “we will then have a full-blown food crisis” – one far worse than 2008.
Coxe has studied the sector for more than 35 years as a strategist for BMO Financial Group. He says it didn’t have to come to this. “We’ve got a situation where there has been no incentive to allocate significant new capital to agriculture or to develop new technologies to dramatically expand crop output.”
“We’ve got complacency,” he sums up. “So for those reasons, I believe the next food crisis – when it comes – will be a bigger shock than $150 oil.”
A recent report from HSBC isn’t quite so alarming…unless you read between the lines. “World agricultural markets,” it says, “have become so finely balanced between supply and demand that local disruptions can have a major impact on the global prices of the affected commodities and then reverberate throughout the entire food chain.”
That was the story in 2008. It’s becoming the story again now. It may go away in a few weeks or a few months. But it won’t go away for good. It’ll keep coming back…for decades.
There’s nothing you or I can do to change it. So we might as well “hedge” our rising food costs by investing in the very commodities whose prices are rising now…and will keep rising for years to come.
“While investor eyes are focused on the gold price as it touches new highs,” reads a report from Japan’s Nomura Securities, “the acceleration in global food price is unrestrained. We continue to believe that soft commodities will outperform base and precious metals in the future.”
So how do you do it? As recently as 2006, the only way Main Street investors could play the trend was to buy commodity futures. It was complicated. It involved swimming in the same pool with the trading desks of the big commercial banks. And it usually involved buying on margin – that is, borrowing money from the brokerage. If the market went against you, you’d lose even more than your initial investment.
Nowadays, an exchange-traded fund can do the heavy lifting for you, no margin required. The name of the fund is the PowerShares DB Agriculture ETF (DBA).
There are at least a half-dozen ETFs that aim to profit when grain prices rise. We like DBA the best because it’s easy to understand. It’s based on the performance of the Deutsche Bank Agriculture Index, which is composed of the following:
•Live Cattle 12.5%
•Feeder Cattle 4.2%
•Lean Hogs 8.3%
So you have a mix here of 50% America’s staple crops of corn, beans, wheat and sugar…25% beef and pork…and 25% cocoa, coffee and cotton. It might not be a balanced diet (especially the cotton), but it makes for a good balance of assets within your first foray into “ag” investing.
The meat weighting in here looks especially attractive compared to some of DBA’s competitors, which are more geared to the grains. It takes about six months for higher grain prices to translate to higher cattle and hog prices.
You can capture that potential upside right now…and you’ll be glad you did when you sit down to a good steak dinner a few months down the line. After all, it’s going to cost you more.
What is Tel Aviv to do now that it's known Israelis and pro-Israelis 'fixed' the intelligence that induced the U.S. to war in Iraq?
Fool me once, shame on you. Fool me twice, shame on me. Con me consistently for six decades and the relationship is over, as is Israel's credibility as a legitimate nation state.
Tel Aviv knows this. But what can the Zionist state do about it? Answer: Wikileaks.
Why now? Misdirection. Shine the spotlight on Washington to take it off Tel Aviv. That's good old-fashioned psy-ops. And challenge the credibility of the U.S. That's Wikileaks.
Any credible forensics would start by asking: to whose benefit? Then look to means, motive and opportunity plus the presence of stable nation-state intelligence inside the U.S.
Other than Israel, who else is a credible candidate? Notice how quickly Israel's role in the peace process vanished from the news. Now it's Iran, Iran and more Iran. To whose benefit?
Tel Aviv knows that the phony intelligence on Iraq leads to those skilled at waging war "by way of deception"-the motto of the Israeli Mossad. Wikileaks are noteworthy for what's missing: the absence of any material damaging to Israeli goals.
But still Tel Aviv faces an unprecedented peril: transparency. Americans know they were duped. And Israel rightly fears that Americans will soon realize by whom.
Tepid Support will not Suffice
Obama has behaved as anticipated by those who produced his presidency. Anyone surprised at the lack of change in U.S. policy in the Middle East fails to grasp the power of the Israel lobby.
Did he hesitate to support their latest Israeli strategy for scuttling peace negotiations? Absent peace, the U.S. will continue to be the target of those outraged at America's unflinching support for Israel's thuggish behavior in pursuit of its expansionist goals.
Confirming the lobby's influence, Netanyahu announced he would not agree to halt settlements on Palestinian land until Obama reduced to writing a $3 billion bribe.
In return for a proposed 90-day freeze, what form of bribe will America provide? Twenty F-35 jets at $150 million each plus parts, maintenance, training and armaments.
That's $231 million per week or $1,373,626 per hour. What will the U.S. receive in return? A temporary partial freeze on settlements. How many more times can this ruse work?
Israel has evaded a peace agreement since it drove Palestinians from their land in 1948 and seized more land in 1967 to shape today's geopolitics.
Should Israel reach an agreement with the Palestinians, Secretary of State Hillary Clinton proposes a "comprehensive security agreement." At what cost no one knows. The U.S. Congress has already budgeted $30 billion for Israel over 10 years. This latest $3 billion is on top of that.
That doesn't include the cost to American credibility posed by an offer to veto U.N. recognition of Palestine as a state. And a pledge Never Again to pressure Israel on settlements. Plus the freeze omits East Jerusalem where Tel Aviv insists on moving ahead with new housing starts.
Timing Is Everything
By scheduling its latest incursion into Gaza between Christmas 2008 and the January 2009 Obama inaugural, Tel Aviv ensured only muted opposition during political down time in the U.S. Thus it came as no surprise to see an agent provocateur operation on Thanksgiving Day 2010 as Israel demolished a West Bank Mosque and a Palestinian village.
After seven hours of nonstop talks, Hillary Clinton praised Netanyahu as a "peacemaker." In return, he agreed only to "continue the process." Meanwhile, U.S. elections marked a major victory for Israel when incoming Republican Majority Leader Eric Cantor, a Jewish Zionist, announced that the new majority would "serve as a check on the Obama administration."
The Israel lobby has good reason to gloat. Confirming ongoing duplicity, Israeli Foreign Minister Avigdor Lieberman proclaimed: "a permanent agreement is impossible."
Wikileaks' release of confidential diplomatic cables provides Israel an opportunity to undermine U.S. relations worldwide while also inflicting lasting damage on U.S. interests in the Middle East. After this, what nation would trust the U.S. to maintain a confidence?
In October, Turkey asked that the U.S. not share intelligence with Israel. Now who dares share intelligence with the U.S.?
This may signal the beginning of the end for the Obama presidency his domestic policy failures are eclipsed by his failures in foreign policy.
This may also signal pre-staging for the 2012 presidential primary with a weakened Obama forced to name Clinton as his running mate or stepping aside so she can lead the ballot.
Her 2008 presidential campaign promised recognition of Israel as a "Jewish state" and promised an "undivided Jerusalem as the capital." Tel Aviv was elated. A second Clinton presidency would ensure another victory for Israel-and no peace.
Israeli psy-ops typically serve multiple purposes. Wikileaks is no exception.
Jeff Gates is author of Guilt By Association-How Deception and Self-Deceit Took America to War. See www.criminalstate.com
Sunday, November 28, 2010
Saturday, November 27, 2010
Sunday, November 21, 2010
Saturday, November 20, 2010
Quakes And More Quakes
There was a minor earthquake in Nebraska that literally shook up residents in this "stable" Midwest state. TRhe tremore occurred along the northern edge of the ancient fault line I have been telling you about for years. It starts in North Texas and ends in Nebraska. Both ends have been moving, especially in Oklahoma.
There also have been tremors increasing in Southeastern Missouri and Western Tennessee along the New Madrid fault line. These rae indications of an event building in that region.
The same is happening along the St. Lawrence Seaway fault line with quakes popping up in New Brunswick, Maine and New York.
Lots of tension building in the Earth's crust right now. There will be a BIG release soon, somewhere. Same tensions are building in people. So, I expect a civil disorder event in a large city as well.
You all know what to do by now. Keep up your protection and release work.
November 19, 2010
In a statement, ABC confirmed the envelope was received at the show’s production office and the substance was determined to be talcum powder.
Hazardous materials officials with the city of Los Angeles, the Los Angeles Fire Department, Los Angeles Police Department and the FBI responded to CBS Studios where the hit ABC show is staged, authorities said.
An initial field screening was negative for hazardous substances, but the letter will be transported to a regional lab for further testing, FBI spokeswoman Laura Eimiller said.
The FBI and LAPD are conducting a joint investigation, Eimiller said.
Thursday, November 18, 2010
I saw south park spoof this last night, but I thought the new cooling product was fake. They always making some nasty ass perverted shiit!
LOUISVILLE, Ky. -- A Louisville man has been charged with murder in connection with the disappearance of an 18-year-old Sullivan University student.
Andrew Compton was last seen Oct. 28. His parents have put up fliers with his picture in store windows, on the Internet and Facebook, hoping someone saw something and can tell them where their son is.
"Most of the time, it's all I think about, nig More..ht and day or I wake up in the middle of the night. Think of, try to think of, some place where he might be, but he had only been here a month," said Compton's mother, Angela Compton. Andrew Compton was a freshman at Sullivan University, studying culinary arts. Classes started in September.
His parents said he often met people online and did so the night he vanished.
Early Tuesday morning, Louisville Metro Police arrested 40-year-old Gregory O'Bryan and charged him with murder.
According to arrest records, a search of Compton's computer found e-mails between Compton and O'Bryan.
Louisville Police have confirmed that Compton and O'Bryan met on a dating website.Police said surveillance video shows Compton meeting up with O'Bryan at Sullivan University on the night he disappeared. Police said O'Bryan originally told them that he picked Compton up on Oct. 28, bought alcohol and took him back to his apartment, where they had sex.
O'Bryan told detectives that Compton left his apartment on foot.
On Monday, police executed a search warrant at O'Bryan's apartment. According to arrest records, O'Bryan admitted to detectives that Compton died during sex. Police said O'Bryan also admitted to having sex with Compton's after his death and to disposing of the body.O'Bryan is charged with murder, tampering with physical evidence and abuse of a corpse.
Police said they are searching the landfill in Indiana for Compton's remains.
Compton graduated from Carmel High School, in Carmel, Ind., this year. Tuesday, John Williams, principal of Carmel High School, issued a statement on Compton's death:
“We are deeply saddened to hear of the tragic death of one of our fellow Greyhounds, Andrew Compton, a 2010 graduate of Carmel High School. Our thoughts and prayers are with his family during this time of great loss. Andrew spoke frequently with his teachers about his passion for the culinary arts. He will be missed by all who knew him.”
O'Bryan's family released a statement Tuesday afternoon that read, "Our sincere thoughts and prayers go out to the Compton family. We ask that the media respect our privacy during this difficult time."
Is there a limit to what white folks will do? SMH or maybe a shorter list would be to write the shiit that they won't do!
SENECA, SC (WCSC) - A burglary call for Oconee County sheriff's deputies turned bizarre Monday morning when their suspect was found naked with a mouse in his rectum and apparently drugged, an incident report shows.
Authorities responded to Bernwood Circle near the town of Seneca late Monday morning after a resident complained of a burglar. When deputies arrived, they found Noah Smith, 31, lying face down and naked inside the doorway of the victim's home, the report stated.
When the deputy tried to make contact with Smith, he slapped the deputy. In return, the deputy deployed his taser, which had no effect on Smith, the report stated.
With reinforcements, deputies approached Smith again in the victim's bedroom. A deputy managed to handcuff Smith before he jumped off the victim's bed and tried to kick other deputies in the room, the report stated.
Then, according to the report, Smith was pepper sprayed. Undeterred, Smith continued to kick at the officers and otherwise evade capture. He was struck with a police baton several times, and Smith attempted to bite the deputy.
Smith's head and mouth were covered with a blanket to prevent him from biting. He was wrestled down so shackles could be placed on his legs and his arms were hog-tied, the report stated. An EMS crew responded and provided a stretcher to which Smith was also tied.
Deputies and officers from the Seneca Police Department opined that Smith might have been high on mushrooms, and identified equipment that could be used to get high in the victim's home.
During a medical exam at a nearby hospital, medical personnel found a mouse tail hanging from Smith's rectum. An X-ray revealed a mouse lodged inside Smith.
He told emergency room personnel that he could not remember what had happened to him.
After the medical exam, he was charged with resisting arrest, 1st and 3rd degree assault a battery charges, and indecent exposure. Smith was transported to the Oconee County Detention Center.
Thursday, November 11, 2010
A disturbing story erupted in the blogosphere yesterday. For a while, Amazon was selling a self-published Kindle e-book entitled The Pedophile’s Guide to Love and Pleasure: A Child-Lover’s Code of Conduct, that seems to be pretty much exactly what it sounds like. The author, 47-year-old Philip Greaves, claimed not actually to be a pedophile himself, but wrote from his own pre-teen and teen experiences after having been involuntarily hospitalized for manic depression.
Before the book drew widespread attention, Greaves said he had sold one copy (link probably NSFW). But after enraged commentary hit social networks and blogs, it sold enough copies to reach #80 on Amazon’s top 100 books list before Amazon finally pulled it.
Oddly, only hours before yanking the book, Amazon strongly defended selling it, even though Amazon’s own policies prohibit content that includes “offensive material” or that “may lead to the production of an illegal item or illegal activity.”
Amazon believes it is censorship not to sell certain books simply because we or others believe their message is objectionable. Amazon does not support or promote hatred or criminal acts, however, we do support the right of every individual to make their own purchasing decisions.
Apparently thousands of people proclaiming an intent to boycott Amazon over this title, followed by attention from the non-Internet media such as Dr. Phil, were sufficient to cause Amazon to change its mind. Still, I find it more than a little strange that Amazon should have been so quick to defend the right to sell a pedophilia guide when, 18 months ago, it drew widespread “Amazonfail” derision for stripping sales rankings from gay and lesbian books. Hypocritical much, Amazon?
Paul Carr takes a thoughtful look at the controversy surrounding the book and the meaning behind Amazon’s decision to pull it—not a moral decision or even censorship, but a “rational economic decision” based on the likelihood of a boycott.
But what the ban most certainly is not is an anti-pedophile victory of any meaningful kind, any more than YouTube’s decision (under pressure, in part, from the British government) to remove hate speech by Anwar al Awlaki was a particularly meaningful triumph in the war against terror. In fact, if either ban has achieved anything (and it probably hasn’t) it’s simply to drive another vile little man further underground, to join the thousands of other vile little men (and the occasional vile little woman) who ooze far below the surface of the Internet, in private chat rooms and IRC channels and password protected forums. Philip R Greaves’ fetid little fantasies haven’t been destroyed, but rather will now be added to the countless other sick fictions and how-tos – not to mention the far more troubling, and illegal, images and videos of actual criminal acts – that lie in the darkest corners of the web, away from the glare of public derision.
I have little doubt that pedophilia has its own sick subculture sites where people afflicted with pedophilia discuss their common interests. Neither this book being offered for sale, nor it being pulled from Amazon, are likely to change that, and I find it unlikely that many of the people who frequent that kind of site would want to call attention (or leave a paper trail) to themselves by buying this book. (For one thing, they probably know what’s in it already.)
All the same, this kind of book is absolutely disgusting, and I find it hard to argue in favor of making that kind of content available even from a slippery-slope, “then they came for me” perspective. All the same, there are other books casting pedophilia in a positive light that Amazon continues to sell: Firefly by Piers Anthony, for just one example.
As Dianna Dilworth at eBookNewser and Devin Coldewey at TechCrunch observe, this issue points to a dilemma that Amazon and other e-book self-publishing sites will be running into more and more as years go by: the question of how to censor, or at least filter, self-published titles. Amazon seemed to be having trouble straddling the line between “censoring” a controversial book and filtering out offensive material yesterday—boldly declaiming against removing it one moment and then quietly doing just that the next.
I suspect that, early on, some lower-echelon PR flak decided that, in absence of orders to the contrary, the safest thing to do was toe the party line and send out a standard boilerplate “hell no, we won’t censor” response that I imagine they keep handy for complaints about any controversial book. It’s easy to follow orders blindly, because you don’t have to think for yourself—and some corporate structures actually punish initiative in the lower ranks. Then, a couple of hours later, someone higher up took a good look at was actually going on, and sanity prevailed.
It reminds me a little of Amazon’s oddly passive-aggressive “surrender notice” to Macmillan’s agency pricing back in January—that was buried on a Kindle user forum, a week before Amazon actually got around to restating new sales of Macmillan titles. In both cases Amazon produced a strange little statement that seemed to bear little actual relationship to what happened next.
I wonder whether this incident will be quickly forgotten, or whether the issues it stirs up will have repercussions down the road? I would not be surprised to see it lead to more stringent policies concerning what types of books Amazon will and will not publish in the future.
Well, this is a sign of things to come. In 20 or so years, there will be “paedophile rights” just as there are gay rights now. And maybe the world will move on to “bestiality rights” in another 40 or so years. Our parent’s generation all reacted with horror at homosexuals, and look at where we are now. I’m not saying it’s right, i’m not saying it’s wrong. I’m just saying open your eyes and see what is happening to our societies. And ask yourself, “what will i do?”
Well, they finally came up with a clever cover story to "explain" the mystery missile over LA . A defense expert, John Pike, said it was a plane contrail. He also said:
"Why the government is so badly organized that they can't get somebody out there to explain it and make this story go away ... I think that's the real story," Pike added.
Notice the words--" make this story go away." That is a clue. It tells you it is a cover up of what really happened.
If it was a plane contrail, then which flight was it? What airline? Was it on radar? Why don't they have that information?
People on the ground saw it. I think they know what a plane looks like. How stupid do they think people are? Very, apparently. I think most people are accepting this explanation. It is much easier to think it was a plane contrail instead of a missile or something worse.
Mind-controlled people will accept the government story. Just like 911, or Iraq or any Al Qaeda information given on the media. Blind acceptance with no questioning. Perfect robots. Very sad.
Tuesday, November 9, 2010
Woman Says Police Officers Beat Her
Attorney: 2 Police Officers Ambushed Woman In Jail Cell
FARMINGTON HILLS, Mich. -- A 25-year-old Wayne woman said she was beaten and humiliated by two Westland police officers while she was in custody in August.
Krystal Gardner is suing the male officers and Westland Police Department over the assault she said happened Aug. 18, while she was in custody after being arrested in connection with a domestic dispute involving her sister.
During a news conference Tuesday with her attorney, Arnold Reed, Gardner said she was ambushed in her holding cell by the two officers, who beat her until one of her eyes was swollen shut, her nose bled and she was nearly unconscious.
She said the officers also humiliated her by kicking her between the legs, causing her skirt to lift up and her vaginal area to be exposed.
“It was the most humiliating and most horrible situations I have ever been in,” Gardner said.
Reed said the officers tried to cover up the incident by dropping the original domestic violence against Gardner and charging her with the assault and battering of a police officer.
Gardner admitted she had been banging on the walls of her cell, but it was because she is a diabetic and was being denied her medication and a blanket.
"I'm sitting down and he just comes in and jumps on me. The other officer comes in later and continues to beat me as well," she said. “I was screaming for help.”
Gardner said she spent two days in the hospital recovering from her injuries.
Reed said he has jail video that will support his case.
"They humiliated her. They called her a series of names, including the 'B' word, a whore and animal," Reed said. "This was a complete breakdown of the justice system."
The lawsuit is asking for a monetary reward of $2 million.
Westland's police chief did not return phone calls. But, according to a police report, officers said they used force with Gardner because she was assaulting them. The report states Gardner spit in the officers’ faces. Click link to watch video below.
HIGHLAND PARK, Mich. (WXYZ) - In any community, police officers are supposed to be the city’s “moral barometer,” exhibiting ethical behavior of the highest standard. But the troubled past of one of the highest ranking cops in a local department is raising questions about whether she’s the right woman for the job.
Police officers are supposed protect and serve.. but one local mother says she was victimized by an off duty cop – and now she tells Action News Investigator Heather Catallo that she wants to know why the officer is still carrying a badge. Please be warned: a few of the pictures in this story are pretty graphic.
Flood’s Bar in Downtown Detroit is usually a place to see and be seen. But on a night in November of 2007…the Detroit institution was a crime scene. And the suspect: off-duty Detroit Police Sgt. Lanesha Jones.
“Never would have thought that I would be struck by someone who’s supposed to protect the citizens.. and they’re hurting the citizens,” said Emily.
The woman we’re talking to, who we’ll call Emily, asked that she not be identified. She’s known Sgt. Jones for years, and the two have never gotten along. And on that night in November 2007, things were no different.
Standing near the bar, things got tense…the women argued, and suddenly, wielding a glass, the off-duty Sergeant struck Emily in the head, knocking her to the floor. Emily said the sergeant ground the glass pieces into her head.
When it was all over, this is what the Sgt. had done: leaving deep lacerations in Emily’s head. One witness would later tell officers she saw “blood running down everywhere,” and that she could “see the bone” exposed in Emily’s head. It would take 20 stitches to close the wounds.
“I never saw it coming. I couldn’t see. It was blood all in my eyes and my face,” said Emily.
But that’s just where this story begins. Despite being convicted of assault and despite being terminated by the Detroit Police Department. Sgt. Jones is still a police officer. In fact, she just got a promotion.
Volcker Says in China He Remains Concerned About Global Economic Imbalance And Gold Futures Rise to Record on Speculation Dollar Will Decline
Former Federal Reserve Chairman Paul Volcker, who is also chairman of President Barack Obama’s Economic Recovery Advisory Board, said he continues to be concerned by global economic imbalances.
Developing economies such as China still have a “heavy dependence” on the U.S. as a market for their exports and the U.S. still has an “inability to produce savings,” Volcker said at a financial forum in Beijing today.
“The imbalances remain and those imbalances are particularly categorized with the relationship between the U.S. and China, the two leading countries in the world now,” Volcker said. “Concerns about adjustments that I had five years ago remain.”
Volcker’s comments come as Obama, Chinese President Hu Jintao and other world leaders are to gather this week for the Group of 20 Nation’s meetings in Seoul. South Korean President Lee Myung Bak said Nov. 3 that he expected G-20 leaders to agree on “guidelines” for current-account positions to ease global trade imbalances.
Chinese Vice Premier Wang Qishan met Volcker in Beijing yesterday, the official Xinhua News Agency reported. Wang and Volcker discussed economic relations between China and the U.S., Xinhua said.
The Federal Reserve’s plan to buy $600 billion of Treasuries to pump money into the world’s biggest economy has been criticized by Chinese officials including Vice Foreign Minister Cui Tiankai, who said yesterday that so-called quantitative easing may undermine the global economic recovery.
Dai Xianglong, chairman of China’s national pension fund and a former governor of the nation’s central bank, said today at the Beijing forum where Volcker spoke that the world needs a stable dollar. Dai proposed setting a trading range for the dollar.
Nov. 11 (Bloomberg) -- Gold surged to a record $1,119.10 an ounce in New York on speculation a decline in the dollar will spark demand for the precious metal as an alternative asset.
The metal climbed for the eighth straight session, the longest rally since January 2006. Before rebounding today, the dollar extended a slump to a 15-month low against a basket of currencies. India’s central bank bought gold last month to diversify reserves.
“The interest that central banks have shown for gold has really lit a fire under the market,” said Matt Zeman, a metals trader at LaSalle Futures Group Inc. in Chicago. “People are questioning the value of not only the U.S. currency, but all paper currencies. Investors are more comfortable holding gold.”
Gold futures for December delivery climbed $12.10, or 1.1 percent, to $1,114.60 on the New York Mercantile Exchange’s Comex division. The price has jumped 7.1 percent this month, while the dollar dropped 1.5 percent against the currency basket. The metal is headed for a ninth straight annual gain.
Gold for immediate delivery jumped to a record $1,118.88.
The dollar has declined more than 7 percent since December, when the Federal Reserve cut its benchmark lending rate close to zero percent to pull the U.S. economy out of recession.
“The dollar is not going to get any firm footing with rates at zero,” Zeman said. “The dollar is going to continue to be the victim of the carry trade. People are selling dollars and putting it in higher-yielding assets. All commodities are going higher.”
The Bank of England’s benchmark rate is 0.5 percent while the European Central Bank’s key rate is 1 percent.
Governments in the U.S. and other nations have cut borrowing costs and boosted spending amid the deepest recession since World War II, spurring some investors to buy bullion as a hedge against inflation.
“What’s the value of paper money?” said John Hathaway, the managing director of New York-based Tocqueville Asset Management LP and the manager of the Tocqueville Gold Fund. “It depends on what happens in the next three years to the efforts of the Federal Reserve and other world central banks to bring about an economic recovery.”
“Would they be able to retract the liquidity they put into place?” Hathaway said today in a Bloomberg Television interview. “If they have a hard time doing it, I think we’ll see inflation, and gold will go much higher.”
India’s central bank last month bought 200 metric tons of gold from the International Monetary Fund for $6.7 billion. Sri Lanka also said it has been buying gold. That prompted analysts at Bank of America Merrill Lynch, Societe Generale SA and Barclays Capital to forecast further purchases by central banks, already the biggest holders of gold.
Palladium futures climbed to a 15-month high today.
Absolutely nothing, until you look at it from the side… This picture of very phallic pink elephant trunk was inside a harmless looking children’s pop-up book called “The Very Lazy Lion,” written by Jack Tickle.
Pedophilia much? They always planting subliminal messages in children minds. Do you think the elephant was intentionally drawn this way? Do you think this is too much for a kids book or is it innocent enough? And look in the corner of the book and read what it says. With a name like jack "tickle" (author) you have to wonder if this is a drawing of his white, Caucasoid, cock!
Monday, November 8, 2010
One Piece Of Moderately Good Economic News And 14 Pieces Of Bad Economic News That Are So Horrifying You Might Not Want To Read Them Standing Up
Today the financial world was buzzing with excitement because there was one moderately good piece of news for the U.S. economy. U.S. employers added 151,000 jobs during the month of October and the unemployment rate remained unchanged at 9.6%. This is certainly welcome news, but these days it seems as though there are at least ten pieces of bad economic news for every hopeful economic signal. So don't get fooled when the U.S. economy takes one step forward, because it is about to take another dozen or so steps backwards. We are living in the middle of a nightmarish long-term economic decline that has been building for generations. The deindustrialization of the United States, the horrific trade deficit caused by globalization and the skyrocketing national debt are problems that have taken decades to develop. The Federal Reserve has been ripping the guts out of our financial system since 1913. These are not things that are going to be fixed overnight. In fact, there are some statistics that just keep getting worse and worse and worse as time goes by. We are heading straight for a devastating economic collapse and hopefully we can all warn as many people as possible while there is still time.
The more research that you do into our economic situation the more depressing it becomes. We are in big, big, big trouble. The following are 14 pieces of bad economic news that are so horrifying you might not want to read them standing up....
#1 More than 42 million Americans were on food stamps during the month of August. That is a new all-time record, and that number is 17 percent higher than it was one year earlier. In fact, the number of Americans on food stamps is up more than 58 percent since August 2007.
#2 The number of "persons not in the labor force" in the United States has set another new all-time record. The United States has not had such an extended bout of mass unemployment since the Great Depression. The "official" unemployment rate in the United States has been at nine and a half percent or above for 14 consecutive months.
#3 More than 1000 people now live in the 200 miles of flood tunnels that exist under the city of Las Vegas. Once one of the most prosperous cities in the United States, Las Vegas is now little more than a shiny, glittering corpse that it rapidly decaying.
#4 Poverty is absolutely exploding and it is hitting those who are the most vulnerable the hardest. According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.
#5 In the past 60 days alone, the price of cotton is up 54%, the price of corn is up 29%, the price of soybeans is up 22%, the price of orange juice is up 17%, and the price of sugar is up 51%.
#6 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.
#7 The American Bankruptcy Institute says that there will be about 1.6 million consumer bankruptcies in 2010. That would represent a huge increase over 2009.
#8 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.
#9 The individual U.S. states are mostly flat broke. For example, it is being reported that the 15 largest U.S. states spent on average over 220% of their tax receipts over the past decade. Clearly this is not even close to sustainable.
#10 The U.S. government is completely and totally broke. After analyzing Congressional Budget Office data, Boston University economics professor Laurence J. Kotlikoff concluded that the U.S. government is facing a "fiscal gap" of $202 trillion dollars.
#11 In an attempt to keep our financial system solvent, the U.S. Federal Reserve has announced plans to create $600 billion out of thin air and pump it into the U.S. economy. The Fed is calling this "quantitative easing", but what they should really be calling it is "cheating, debasing and inflating".
#12 Many of the major trading partners of the United States are expressing deep resentment regarding the new quantitative easing policy announced by the Fed. Ambrose Evans-Pritchard recently described the growing animosity this way....
Li Deshui from Beijing's Economic Commission said a string of Asian states share China's "deep bitterness" over dollar debasement, and are examining ways of teaming up to insulate themselves from the tsunami of US liquidity.
#13 For many analysts, the economic collapse of the United States comes down to cold, hard math. For example, the former CEO of the tenth largest bank in the United States says that it is a "mathematical certainty" that the U.S. government will eventually go bankrupt.
#14 According to a recent article on CNBC, the financial world is already buzzing about QE3....
"They're already talking about QE3," said Dave Rovelli, managing director of US equity trading for Canaccord Adams. "Eventually we're going to be printing so much money the dollar is going to really go down and everybody's going to try to deflate their currency against us. I just don't know how this could end well."
So is that all the Federal Reserve has left?
Are they just going to keep pouring bags of money into the economy until things get back to "normal"?
Are we going to have "Quantitative Easing 3", "Quantitative Easing 4", and "Quantitative Easing 5"?
It has been a long-running joke, but perhaps by the end of this thing Ben Bernanke will literally go up in a helicopter and start shoveling out huge piles of cash over the countryside.
The era of great prosperity that we have all enjoyed for so long is coming to an end. It would be advisable to use the remaining period of economic stability that we still have to prepare for what is ahead.
These economic problems could have been fixed decades ago if people would have actually listened and would have followed sound economic principles on an individual and on a corporate level, but that did not happen.
Now we are up to our eyeballs in debt and the greatest economic machine in history is rotting all around us.
We are in deep, deep, deep trouble and denying it is not going to make it go away.
ScienceDaily (Nov. 7, 2010) — In an important breakthrough, scientists at McMaster University have discovered how to make human blood from adult human skin.
The discovery, published Nov. 7 in the journal Nature, could mean that in the foreseeable future people needing blood for surgery, cancer treatment or treatment of other blood conditions like anemia will be able to have blood created from a patch of their own skin to provide transfusions. Clinical trials could begin as soon as 2012.
Mick Bhatia, scientific director of McMaster's Stem Cell and Cancer Research Institute in the Michael G. DeGroote School of Medicine, and his team of researchers have also shown that the conversion is direct. Making blood from skin does not require the middle step of changing a skin stem cell into a pluripotent stem cell that could make many other types of human cells, then turning it into a blood stem cell.
"We have shown this works using human skin. We know how it works and believe we can even improve on the process," said Bhatia. "We'll now go on to work on developing other types of human cell types from skin, as we already have encouraging evidence."
The discovery was replicated several times over two years using human skin from both young and old people to prove it works for any age of person.
John Kelton, hematologist and dean and vice-president of health sciences for McMaster University said: "I find this discovery personally gratifying for professional reasons. During my 30 years as a practicing blood specialist, my colleagues and I have been pleased to help care for cancer patients whose lives were saved by bone marrow transplants. For all physicians, but especially for the patients and their families, the illness became more frustrating when we were prevented from giving a bone marrow transplant because we could not find a perfect donor match in the family or the community. "Dr. Bhatia's discovery could permit us to help this important group of patients."
"The Bhatia research effort is building on significant findings in recent years, which have shown that human skin cells can be reprogrammed into pluripotent cells that have the potential to become all cell types.
"The pioneering findings published today are the first to demonstrate that human skin cells can be directly converted into blood cells, via a programming process that bypasses the pluripotent stage. Producing blood from a patient's own skin cells, has the potential of making bone marrow transplant HLA matching and paucity of donors a thing of the past."
"Bhatia's convincing demonstration that skin cells can be directly converted to hematopoietic progenitor cells is exciting and will immediately change the paradigms regarding the best way forward for production of hematopoietic cells to be used in regenerative medicine and in the study of human blood diseases," said Cynthia Dunbar, head of the molecular hematopoiesis section of the National Heart, Lung and Blood Institute of the National Institutes of Health in the U.S.
"Bhatia's approach detours around the pluripotent stem cell stage and thus avoids many safety issues, increases efficiency, and also has the major benefit of producing adult-type l blood cells instead of fetal blood cells, a major advantage compared to the thus far disappointing attempts to produce blood cells from human ESCs or IPSCs."
This research was funded by the Canadian Institutes of Health Research, the Canadian Cancer Society Research Institute, the Stem Cell Network and the Ontario Ministry of Research and Innovation.
Carbon: All Living organisms Must contain Carbon to exist on Earth as Physical Life.
The Bulding Blocks of Life.
6 neutrons, 6 protons, 6 electrons.
Once we concider how life started and what the first forms of life looked like, you can ask your self, are mammals so absolute?
OF COURSE NOT!
Reptiles, Insects and mammals all play a roll in our eco system.
All beings are one.........
It's just that simple. Earth chooses which beings will become the majority race, based upon the conditions of a given environment.
Who said Mammals are the highest form of life?
Maybe they are just a Form of Life... that exist in this time especially in other planetary systems. Hence the understanding of what we are is crutial to our future belief & existance. But all is one. And one is All.
Humans seem to look at Reptiles as scaly ugly creatures, however, if you were to have a more open mind about it, you would see remarkable designs in their skeletal structure. Not to mention their exterior design. Visual patterns can be a way to learn more about our own past of existance.
Plants, Flowers, Pine Cones, Trees ...etc... seem to exhibit.. Similar patterns to that of our native creatures here on Earth.
So I ask the question again... Who said Mammals are the highest form of life? ...... All is o1 ! ... Are we not all 1?
Carbon forms the backbone of biology for all life on Earth.
Complex molecules are made up of carbon bonded with other elements, especially oxygen, hydrogen and nitrogen. It is these elements that living organisms need, among others, and carbon is able to bond with all of these because of its four valence electrons. Since no life has been observed that is not carbon-based, it is sometimes assumed in astrobiology that life elsewhere in the universe will also be carbon-based. This assumption is referred to by critics as carbon chauvinism, as it may be possible for life to form that is not based on carbon, even though it has never been observed.
In cinematic and literary science fiction, a moment when man-made machines cross from nonliving to living is often posited, this new form being the first example of non-carbon-based life. Since the advent of the microprocessor in the late 1960s, these machines are often classed as computers (or computer-guided robots) and filed under "silicon-based life", even though the silicon backing matrix of these processors is not nearly as fundamental to their operation as carbon is for "wet life".
The two most important characteristics of carbon as a basis for the chemistry of life are that it has four valence bonds and that the energy required to make or break a bond is just at an appropriate level for building molecules which are not only stable but also reactive.
The fact that carbon atoms bond readily to other carbon atoms allows for the building of arbitrarily long and complex molecules.
There are not many other elements which appear to be even promising candidates for supporting life-like behavior, but the most frequent alternative suggested is silicon. This is in the same group in the Periodic Table of elements and therefore also has four valence bonds. It also bonds to itself, but generally in the form of crystal lattices rather than long chains. However, its compounds are generally highly stable and do not support the ability to readily re-combine in different permutations in a manner that would plausibly support life-like processes.
A second unarmed man in two weeks lost a face off with one-time in Dallas yesterday. And neither shootings even made national news.
The first shooting happened two days before Halloween, and also involved the shooting of an 11-year-old boy.
On Oct. 29, a sergeant and four officers on foot patrol in the Cedar Garden apartments in east Oak Cliff came upon Tobias Arthur Mackey, 25.
They said Mackey concealed his hands and ignored officers’ instructions to show them, then made sudden movements. One of the officers fired at Mackey several times, killing him and wounding an 11-year-old boy who happened on the scene.
Dallas Police Chief David Brown last week promised a full investigation into Mackey’s shooting. Some have alleged that race was a factor in the killing. Mackey was black and the officer who shot him is white.
Yesterday’s incident is even more tragic because dude called the cops who killed him.
An unarmed man was shot and killed by Dallas police early Sunday morning after he asked people in the 3100 block of West Davis Street in west Oak Cliff to call the police for him.
The 911 call came at 5:58 a.m. and indicated that the man had a firearm, police said.
The man, identified as 32-year-old Tony Menchaca, acted erratically when approached by officers. The street was closed to traffic, and a SWAT team was called during a one-hour standoff.
As the team was assembling, Menchaca made “gestures that the officers deemed threatening, and five officers fired on him” at about 7:20 a.m., said Lt. C.L. Williams, a police spokesman. Menchaca was struck several times and died.
An investigation showed that Menchaca was not armed.
Williams said the department has launched criminal and administrative investigations of the incident.
When is this type of shiit going to end?