Socio-Economics History Blog

Socio-Economics & History Commentary

Lavrov: Still NO Proof of Iran’s Nuclear Weapon Decision !

February 26, 2010 Posted by | GeoPolitics | , , , , | 4 Comments

Dennis Gartman: The Euro Is ‘Doomed’ !

  • We are seeing the beginning of the global monetary crisis. It will spread like wildfire from Europe to Japan and finally America. When these major currencies collapse, it affects the entire world. Practically all countries have reserves in USD and many have it in Euro or Japanese Yen. Will currencies in other countries be affected? I think so. Collapse of major currencies will affect all currencies. Dennis Gartman gies his views to Lara Crigger:
      
    Dennis Gartman is the mind behind The Gartman Letter, a daily newsletter discussing global capital markets. For over 20 years, The Gartman Letter has tackled the political, economic and social trends shaping the world’s markets, and Gartman himself is a frequent guest on CNBC, Bloomberg and other financial media outlets.
     
    Recently, IndexUniverse Associate Editor Lara Crigger sat down with Gartman to discuss his thoughts on the fate of the euro, including how Greece could doom the dollar, why you should dump dollar-denominated gold and whether inflation or deflation is yet in store.
     
    Crigger: Recently we’ve been seeing the dollar trade higher relative to the euro. Is this due to strength in the dollar, or is it weakness in the euro?
    Gartman: The latter. Actually, the euro isn’t just weakening relative to the U.S. dollar. The euro is weakening relative to the Australian dollar, the New Zealand dollar, the Canadian dollar. While it’s holding its own relative to the other European currencies that are not members of the European Monetary Union—the pound sterling and the Swiss franc—the euro is very weak relative to dollars overall. So I think that argues that the euro that is weak, not the [U.S.] dollar being demonstrably strong.
     
    Why is that so? It’s because of the problems that are extant right now with Greece. We know the problems that Greece has fiscally, and if Europe—or really, Germany and France, because for all intents and purposes, that’s who the European Monetary Union really is—if Germany and France come to Greece’s aid, then who’s next? Maybe then Portugal. And if they bail out Portugal, then Spain’s next. Where does it stop? It doesn’t.
     
    Crigger: So which is worse for the euro: a Greek default or a Greek bailout?
    Gartman: I think a Greek bailout would be worse. Again, if they bail out Greece, then it’s only a matter of time before the next group asks to be bailed out. If they were to throw Greece out of the European Union and out of the political union, and say, “You know what guys? You never had the stream of income that you said you had; you have a horrifyingly tax-averse public, who is at the same time even more horrifyingly willing to drink at the trough of federal payments … you lied to us. You’re out.” If they did that, then maybe that would be beneficial. But are they really going to do that?
     
    Crigger: With this bleak situation facing the European Union, is the euro doomed?
    Gartman: Yes. For all intents, I think the euro is doomed. There were many who said they didn’t think the euro would make it past the first important recession. Well, this is really the first important recession since the creation of the euro. And I’ve been surprised it has lasted as long as it has. Honestly, I think the euro is a doomed currency.
     
    But these things take time to play out. The euro will still be extant by Feb. 28. It will still be around by March 30. It’ll probably still be around by the end of April, and the end of this year, and it will probably still be here a year and a half, two years from now. But I think these are terminal problems that the monetary union and the political union are facing, and it’s only a matter of time before it ceases to exist. Will it happen overnight? No. It will happen in a slow, very painful, long-standing, horribly drawn-out, ugly affair.
     
    Crigger: A few years from now, when we look back at this time, are we going to say the Greece crisis was the turning point?
    Gartman: I think the turning point was in late November of last year. That’s when I think the market began to understand that there were problems coming. What was important was that the technicians saw it first. The euro broke its uptrend that had extended back for 18 or 20 months. Now we understand why it broke.
     
    Crigger: The European Monetary Union expended so much time and effort in creating the euro. Won’t that help propel the euro forward?
    Gartman: That has propelled the euro forward. That’s why the euro made it to fruition in the first place, in that so much mental capital and political capital had been expended in the 20 years to get it up and running. So much so, that even though Germany was not enamored with the notion of a unified currency, everyone else had spent so much time and there was so much invested in it, that they had to go with it. They had to bring it to the market.
     

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February 26, 2010 Posted by | Economics | , , , , , , , , | 11 Comments

Canada On The Verge Of Approving Enviropigs – Millions Of Canadians Will Soon Be Eating Mouse/Pig Hybrids!

Pig-Human hybrid. Reared for their organs?

  • There are simply too many mad scientists and greedy capitalists out there who thinks they know what they are doing. All these toxic Genetically Modified seeds/agricultural products they are foisting on the world is going to result in unforeseen evil consequences. Strange new creatures are going to come out of these Frankenstein experiments. I will not eat any of these products. The problem is, they are infecting all food products in unknown ways. How do you know whether the farm raised chickens you are buying are not fed with GM corn? 
      
    The Canadian government is on the verge of approving the introduction of extremely bizarre genetically modified pigs into the Canadian food supply.  These new mouse/pig hybrids have been dubbed “enviropigs” and are being touted as being much better for the environment.  This new “breed” of Yorkshire pigs was created by scientists in Ontario at the University of Guelph, who spliced in genes from mice to decrease the amount of phosphorus produced in the pigs’ excrement.  So soon millions of Canadians will be eating meat from mouse/pig hybrid creatures and most of them will not even realize it.  It is expected that approval for this new “brand” of pigs will be sought in the United States as well.  But this is hardly the first time that scientists have mixed two kinds of animals together in an attempt to create creatures that will be beneficial for humanity.   
     
    The truth is that scientists around the world are now creating bizarre hybrid “animals” on a regular basis.  Over the past couple of decades the field of genetic modification has made extraordinary advances, and now researchers and scientists seem very eager to exploit these new technologies. So what kind of weird, mysterious creatures have scientists been creating?  Well, what would you think of a cat that glows in the dark? They really exist.
     
    A genetically modified cat named Mr. Green Genes was
    the very first fluorescent cat created in the United States.  Under an ultraviolet light, Mr. Green Genes puts off a very strange bright green glow. So perhaps in the future not only can your cat cuddle up to you and keep you warm – it could also serve as a night light.
     
    But U.S. researchers were not even the first ones to do this to cats.  A team of scientists in South Korea had previously created a cat that glows red under ultraviolet light. Now why in the world would scientists do this kind of a thing? Well, because they can. But scientists have created creatures that are even more bizarre than fluorescent cats.
     
    One Canadian company is actually producing spider goats. Yes, it is true.  A Canadian company known as Nexia has created goats that are genetically modified to be part spider. The reason for this bizarre genetic modification is to get goats that will produce spider silk protein in their milk.  This spider silk protein is then collected, purified and spun into incredibly strong fibers. Reportedly, the fibers that are produced are more durable than Kevlar, more flexible than nylon, and stronger than steel. This substance has industrial and military applications that are apparently extremely valuable. But when you tell most people that spider goats exist they will just laugh at you.
     
    If that is the response that you get when you tell someone about spider goats, just show them the following video. The YouTube video posted below contains a television news report that discusses how these spider goats are created and what this company is doing with the spider silk that these spider goats are producing…
     

     
    So does all of this tampering with the environment disturb you? After all, at least scientists are not creating human/animal hybrid creatures, right? Wrong.
      
    The truth is that human/pig hybrid creatures will soon be legally grown inside of the United States.  This is being publicly announced and almost nobody is getting upset about it. What is being described as a “cutting edge” new program will actually
    produce pigs with human genes in them.  These hybrid pigs will be “grown” in order to produce organs for transplants into humans. Does this bother you? Perhaps it would bother you more if you knew exactly where these pigs are to be grown. In Missouri. That’s right – human/pig hybrids are going to be raised right in the middle of the United States.
     
    So is it possible that such creatures could end up in our food supply?No? You don’t think they would ever do that to us? Don’t be so sure. The FDA has already announced
    that the offspring of cloned animals could be in our food supply right now and that there is nothing that they can do about it. Of course they have plenty of time to conduct military style raids of Amish farmers, but apparently they have no time to figure out if our food supply is tainted by cloned animals. Yes, this is really happening.
     
    In fact, the FDA has said that it is basically a non-issue to them. Of course most Americans eat tomatoes with roach genes in them and most Americans eat corn with insecticide grown inside of it on a regular basis, so why should we get upset about what is in our meat? So does any of this seem incredibly evil to you? It should. That is because all of this is incredibly evil. Creating bizarre hybrid creatures is not a new thing.
     
    Did you know that the 3000 year old book of Jasher (a book of ancient history that is quoted in the Biblical books of Joshua and II Samuel) speaks of genetic engineering that was going on in the days of Noah? It is true.  How they did it remains a great unexplained mystery, but according to ancient sources this is apparently what was going on. Jasher 4:18 tells us this….
     
    “and the sons of men in those days took from the cattle of the earth, the beasts of the field and the fowls of the air, and taught the mixture of animals of one species with the other, in order therewith to provoke the Lord”
     
    According to the book of Jasher, God was not pleased at all that they were corrupting the wonderful environment that He had created for all of us. This mixing of animals is also reflected in the ancient book of Enoch.  The book of Enoch is directly quoted by the book of Jude in the New Testament, and it tells us a great deal about what was going on in the world before the Flood.  Enoch 7:14 tells us this….
     
    And they began to sin against birds, beasts, reptiles, and fish, to eat their flesh one after another, and to drink their blood.
     
    So apparently they were not only mixing animals together – they were eating them too. Just like we are starting to do. But instead of learning the lessons of the past we are making the same mistakes. We think that we are so “technologically advanced”, but the reality is that we are just indulging in the same foolishness as they did in the ancient world. So what is so wrong with genetic modification? The truth is that once you let the genie out of the bottle you can’t put it back in.
     
    We have found that out with genetically modified crops.  Natural strains can literally be bred into extinction once strains of genetically modified crops become widespread enough. We may think that we are improving the environment through our reckless experimentation, but what if our best efforts go horribly, horribly wrong? The unintended consequences of our reckless genetic meddling may be far worse than any of us ever imagined. The reality is that God said not to mix plants and animals together like this. But we are doing it anyway. Hopefully we are not completely destroying the one and only earth that we have in the process.

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February 26, 2010 Posted by | Science & Technology, Social Trends | 3 Comments

Lindsey Williams: The Elite Speak (Disk 2 of 3), Planned Financial and Economic Collapse!

Part  5  Part  6  ,  Part  7  ,  Part  8 

end

February 26, 2010 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , | 10 Comments

China To Purchase 191 Tonnes of IMF’s Gold!

  • Although, I am unable to confirm this, there is more than a grain of truth in this. China will not publicly acknowledge this as it will drive up the price of gold.. All the talk about central banks no longer interested in buying physical gold from the IMF is pure propaganda. It is the attempt by the gold cartel to manipulate the price of gold lower to protect their fiat currencies. Many Asian central banks are looking to buy gold and dump the USD! This looks like the trigger for the next gold rally to $1500/ounce minimum. Remember, after India bought 200 tonnes from the IMF, gold went on a run to $1226/ounce! The reality is, China need to dispose of its US$2.5 Trillion of USD denominated reserves, mostly treasuries and USD. They need to buy something like 5,000 – 6,000 tonnes conservatively, to shore up their gold reserves. Pravda reports:
     
    China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
      
    World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
     
    The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
     
    China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
     
    “Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.
     
    Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid
    inflation, Rough & Polished agency said. The IMF has received the profit of $7.2 billion from gold sales. A part of the funds is to be used for crediting poor countries.

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February 26, 2010 Posted by | Economics | , , , , , | 5 Comments

   

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