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Read entire article HERE.
" The United Arab Emirates and Oman have pulled out of the project."
Showing posts with label dollar. Show all posts
Showing posts with label dollar. Show all posts
12.22.2009
NIA's Top 10 Predictions for 2010
Read more here:
" Major Food Shortages.
For the past several decades, most Americans went to college to get a non-productive job on Wall Street and nobody went to school to become a farmer. There is currently a major lack of farmers in the U.S. and to make matters worse, the Real Estate bubble destroyed immeasurable amounts of farmland to build houses we didn't need and couldn't afford.
Inventories of agricultural products are the lowest they have been in decades yet the prices of many agricultural commodities are down 70% to 80% from their all time highs adjusted for real inflation. Catastrophic food shortages are possible in 2010, not just in the U.S. but all around the world."
" Major Food Shortages.
For the past several decades, most Americans went to college to get a non-productive job on Wall Street and nobody went to school to become a farmer. There is currently a major lack of farmers in the U.S. and to make matters worse, the Real Estate bubble destroyed immeasurable amounts of farmland to build houses we didn't need and couldn't afford.
Inventories of agricultural products are the lowest they have been in decades yet the prices of many agricultural commodities are down 70% to 80% from their all time highs adjusted for real inflation. Catastrophic food shortages are possible in 2010, not just in the U.S. but all around the world."
12.09.2009
North Korean Money Shift Sparks Violence
""They've tried to wind back the system, but they're potentially teaching the people that markets can't be controlled," says Shaun Cochran, head of Korea research at CLSA Asia-Pacific Markets, who published a report on North Korea's move."
11.27.2009
Blame Larry Summers
Read more here:
"Barack Obama's chief economic advisor, Lawrence Summers, is determined to sabotage a second round of stimulus. And, he's getting plenty of help, too. Congressional Democrats are dragging their feet because they're worried about the political backlash and midterm elections, the GOP deficit hawks are looking for a way they can derail the Obama agenda and reestablish their bone fides as fiscal conservatives, and the bailout-traumatized American people are simply opposed to anything that generates more red ink. Even Obama has joined the fray and started badmouthing stimulus stressing the importance of living within our means and trimming the deficits. So it looks like a done-deal; no more stimulus. There's only one problem, without another blast of stimulus the economy is headed for the skids."
"Barack Obama's chief economic advisor, Lawrence Summers, is determined to sabotage a second round of stimulus. And, he's getting plenty of help, too. Congressional Democrats are dragging their feet because they're worried about the political backlash and midterm elections, the GOP deficit hawks are looking for a way they can derail the Obama agenda and reestablish their bone fides as fiscal conservatives, and the bailout-traumatized American people are simply opposed to anything that generates more red ink. Even Obama has joined the fray and started badmouthing stimulus stressing the importance of living within our means and trimming the deficits. So it looks like a done-deal; no more stimulus. There's only one problem, without another blast of stimulus the economy is headed for the skids."
Red Alert: The Second Wave of The Financial Tsunami
Read more here:
"Some two decades ago, it was decided by the global financial elites that the framework for the global economy shall consist of:
1) A global derivative-based financial system, controlled by the US Federal Reserve Bank and its associate global banks in the developed countries.
2) The re-location from the West to the East in the production of goods, principally to China and India to “feed” the developed economies.
The entire system was built on a simple principle, that of a FED-controlled global reserve currency which will be the engine for growth for the global economy. It is essentially an imperialist economic principle.
Once we grasp this fundamental truth, Bernanke’s boast that the “US can produce as many US dollars as it wishes at no cost” takes on a different dimension."
"Some two decades ago, it was decided by the global financial elites that the framework for the global economy shall consist of:
1) A global derivative-based financial system, controlled by the US Federal Reserve Bank and its associate global banks in the developed countries.
2) The re-location from the West to the East in the production of goods, principally to China and India to “feed” the developed economies.
The entire system was built on a simple principle, that of a FED-controlled global reserve currency which will be the engine for growth for the global economy. It is essentially an imperialist economic principle.
Once we grasp this fundamental truth, Bernanke’s boast that the “US can produce as many US dollars as it wishes at no cost” takes on a different dimension."
11.16.2009
Dollar stuck near 15-month lows on benign rate view
Read more here:
SYDNEY (Reuters) - The U.S. dollar was stuck near 15-month lows on Tuesday, though its broad downtrend was intact on a growing view that U.S. rates are likely to stay low for a while, giving a boost to dollar funded carry trades.
Federal Reserve Chairman Ben Bernanke signaled U.S. rates will stay at zero for some time in a New York speech, adding in a rare commentary about the U.S. dollar that the Fed was closely watching the currency's decline as part of its commitment to both jobs growth and price stability.
"He is telling us that despite the greenback's rapid decline, despite a rapid increase in risk appetite and the 'cross-currents' to inflation this represents, despite all that we are going keep rates at an exceptionally low level for an extended period," said Adam Carr, senior economist at ICAP."
SYDNEY (Reuters) - The U.S. dollar was stuck near 15-month lows on Tuesday, though its broad downtrend was intact on a growing view that U.S. rates are likely to stay low for a while, giving a boost to dollar funded carry trades.
Federal Reserve Chairman Ben Bernanke signaled U.S. rates will stay at zero for some time in a New York speech, adding in a rare commentary about the U.S. dollar that the Fed was closely watching the currency's decline as part of its commitment to both jobs growth and price stability.
"He is telling us that despite the greenback's rapid decline, despite a rapid increase in risk appetite and the 'cross-currents' to inflation this represents, despite all that we are going keep rates at an exceptionally low level for an extended period," said Adam Carr, senior economist at ICAP."
11.03.2009
Obama - Front Man for a New World Order
Found this interesting post on blog Rock The Truth:
"Since the creation of the CIA by Congress in 1947, the CIA grew quickly into a very powerful secret element of this government. At the end of his two terms as president, President Eisenhower warned against the increasing power of the military-industrial complex.
What President Eisenhower failed to warn against was the insidious, well hidden power of the private central bankers of the world, namely the Federal Reserve Bank and the Bank of England. Neither the Federal Reserve Bank nor the Bank of England are departments of the federal government. Each is a cartel of private banks. In fact, to the best of my knowledge, about 75% of the Federal Reserve Bank is owned by the Bank of England."
If you think the banking assertions made in the article are the stuff of conspiracy theorists concocting dark stories of evil bankers consider this person who agrees that such bankers are a hazard. Here's an international banking conspiracy theorist you may or may not lend credibility to:
Nixon: International money speculators are the gainers when international monetary crises strike:
"Since the creation of the CIA by Congress in 1947, the CIA grew quickly into a very powerful secret element of this government. At the end of his two terms as president, President Eisenhower warned against the increasing power of the military-industrial complex.
What President Eisenhower failed to warn against was the insidious, well hidden power of the private central bankers of the world, namely the Federal Reserve Bank and the Bank of England. Neither the Federal Reserve Bank nor the Bank of England are departments of the federal government. Each is a cartel of private banks. In fact, to the best of my knowledge, about 75% of the Federal Reserve Bank is owned by the Bank of England."
If you think the banking assertions made in the article are the stuff of conspiracy theorists concocting dark stories of evil bankers consider this person who agrees that such bankers are a hazard. Here's an international banking conspiracy theorist you may or may not lend credibility to:
Nixon: International money speculators are the gainers when international monetary crises strike:
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