Socio-Economics History Blog

Socio-Economics & History Commentary

Japan’s Exports Plummet 45.7% in January!

  • We are in the midst of a worldwide economic collapse! This is not a recession. When you see exports plunging 45.7%, it means the economic engine is having a heart attack and is dying. This depression will be much worse than the 1st Great Depression.
     
  • Bloomberg reports Japan’s Recession May Deepen After Exports Drop Record 45.7% :
      
    Feb. 26 (Bloomberg) — Japan faces its worst postwar recession as the collapse in consumer spending abroad pummels the country’s exports.
     
    Shipments from Asia’s largest economy will contract further this year, analysts predict, after plunging a record 45.7 percent in January from a year earlier. Last month’s slide, reported yesterday by the Finance Ministry in Tokyo, pushed the trade deficit to a record 952.6 billion yen ($9.9 billion). Sales to the U.S. alone fell 52.9 percent.
     
    “We’re set up for a very, very deep contraction in first- quarter exports,” said David Hensley, director of global economic coordination at JPMorgan Chase & Co. in New York. “There’s no way you’re going to reverse this situation. The quarter’s pretty much already written as of January.”
     
    Gross domestic product shrank at an annual pace of 12.7 percent last quarter and won’t do any better in the first three months of this year, Hensley estimates. The slump could force Prime Minister Taro Aso’s government, whose popularity has dwindled to less than 10 percent, to push for more fiscal stimulus. Meantime, factories are closing and workers are losing their jobs.
     
    Japan became more reliant on exports for growth in the past decade, making the economy more vulnerable to the global recession. Manufacturers shipped 21 percent of their goods abroad in 2008, up from 16 percent in 1998, according to the central bank. ….
     
    The Japanese economy’s contraction last quarter was the worst since the 1974 oil shock, and analysts predict the slump will drag into next fiscal year. Output may shrink a record 4 percent in the year starting April 1, according to economists surveyed.
     
    Japan’s shipments to Europe slid 47.4 percent in January from a year earlier, the Finance Ministry said. Exports to China fell 45.1 percent and those to Asia dropped 46.7 percent. Imports fell 31.7 percent from a year earlier.
     
    “Japan remains an economy that is very dependent on trade,” said Lewis Alexander, chief economist at Citigroup Inc. in New York. “The pace of the contraction of global trade is very extreme.” 
     

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February 26, 2009 Posted by | Economics | , , , , | Comments Off on Japan’s Exports Plummet 45.7% in January!

Dubai – Is the Party Over ?

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February 26, 2009 Posted by | Economics | , | 2 Comments

Battle Brewing Between US States & Federal Government!

  • 25 states have introduced bills declaring sovereignty from the federal government and the number is increasing by the week! The Feds have been ‘screwing’ Americans big time. The Feds seem intent on declaring martial law, instituting military draft, confiscating all guns and preventing the sale of ammunition…. What are they up to? It cannot be good for America.
     
  • Wakey! Wakey! Lawmaker Warns Of “Forced Servitude” Under Obama :
     
    New Hampshire state representative Dan Itse, who is one of many lawmakers leading the charge to assert state sovereignty against federal encroachment, has warned that the Obama administration seeks to institute “involuntary servitude”.
     
    Appearing on Fox News to discuss the states’ rights movement, Itse told hosts Steve Doocy and Brian Kilmeade, “This is about drawing a line in the sand and saying we’ve tolerated usurpations for so long but we’re not going to tolerate you violating the constitution, we’re going to hold you accountable.”
     
    Asked if his warning about involuntary servitude under Obama meant young people being forced to attend community service, Itse responded, “Exactly, I mean, if you are required to do a job against your will with a pay scale not set by you or not agreed to by you, that’s involuntary servitude.”
     
    Despite denials that Obama plans to institute a mandatory program of national service,
    his original change.gov website stated that Americans would be “required” to complete “50 hours of community service in middle school and high school and 100 hours of community service in college every year”. The text was only later changed to state that Americans would be “encouraged” to undertake such programs.
     
    In addition, Obama’s Chief of Staff,
    Rahm Emanuel, publicly stated his intention to help create “universal civil defense training” in 2006. Such fears were also stoked when Obama himself said that a “national civilian security force,” that is “just as powerful, just as strong, just as well-funded” as the U.S. military was required.
     
    Itse cited the No Child Left Behind program as an example of the federal government encroaching on states’ rights. “They dangle a dollar in front of us and we chase it like the donkey with a carrot on a stick but ultimately they are infringing upon our domestic policies in the states, manipulating our domestic policies and we need to stand up and say that’s not your job, that’s our job,” said Itse, adding that if enough states stood up to Washington then they would have to pay attention.
     
    In response to increasing federal encroachment,
    a growing number of states have passed and proposed resolutions to assert the Tenth Amendment and the Bill of Rights of the Constitution.
     
    Washington, New Hampshire, Arizona, Montana, Michigan, Missouri, Oklahoma, California, and Georgia have all introduced bills and resolutions declaring sovereignty under the Tenth Amendment. Colorado, Hawaii, Pennsylvania, Arkansas, Idaho, Indiana, Alaska, Kansas, Alabama, Nevada, Maine, and Illinois are considering such measures.
     
    “This is about enforcing the constitution which states to the government, you’re not the boss of us, we’re the boss of you,” concluded the lawmaker.

     
  • Why is the federal government redeploying troops back to America? As many as 20,000 soldiers are now redeployed in America from overseas. The military is actively training soldiers to handle civilian unrest, riots…. why ? Remember the Posse Comitatus Act ?
     
    The Posse Comitatus Act is a United States federal law (18 U.S.C. § 1385) passed on June 16, 1878 after the end of Reconstruction, with the intention (in concert with the Insurrection Act of 1807) of substantially limiting the powers of the federal government to use the military for law enforcement. The Act prohibits most members of the federal uniformed services (today the Army, Air Force, and State National Guard forces when such are called into federal service) from exercising nominally state law enforcement, police, or peace officer powers that maintain “law and order” on non-federal property (states and their counties and municipal divisions) in the former Confederate states.
     
    The statute generally prohibits federal military personnel and units of the National Guard under federal authority from acting in a law enforcement capacity within the United States, except where expressly authorized by the
    Constitution or Congress. The Coast Guard is exempt from the Act.
     
  • What is about to happen to America is not going to be pretty. If you think the Feds is going to bail you out and save you, you are in for a rude shock! See also :
     
    21 States Declare Sovereignty – Rise of Secessionist Movement !
    Indiana Legislators Urge Feds to Cease and Desist !

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February 26, 2009 Posted by | Economics, GeoPolitics, Social Trends | , , , , , | 3 Comments

Eastern Europe Collapsing !

  • Eastern Europe is the too hot to handle potato now. We are very close to a cataclysmic event. Simon Tisdall writes in Fiddling while eastern Europe burns :
      
    As the financial crisis deepens, the EU’s indecision and failure to act threatens to shatter the vision of a united Europe.
     
    If the EU has an answer to the intensifying financial firestorm in eastern Europe, it is keeping it to itself. But the longer member states fiddle about, the greater the risk of a pan-continental conflagration – and of lasting damage to the EU’s core aspiration for wider and deeper union.
     
    A fractious
    meeting of foreign ministers in Brussels this week seemed to sum up all that is wrong and doesn’t work in the EU. Rather than urgently address massive Hungarian debt defaults, plunging Polish output, splintering Baltic coalitions, or Ukrainian street protests, they wasted time arguing over Slovenia’s arcane Adriatic fishing boat dispute with Croatia.
     
    Richer west European states, led by Germany, fear eastern instability could further harm their struggling economies. Austrian bank lending in eastern Europe, for example, is equivalent to about 80% of Austria’s entire GDP. Eastern borrowers must repay $400bn in debt owed to western banks this year – or else everybody gets burned.
     
    But worries about spreading contagion did not prevent “old Europe” holding up an EU commission plan to spend €5bn on energy and other infrastructure projects, part of a €200bn stimulus package that southern members like Spain and Greece say unfairly favours the east. The main concern of Gordon Brown’s Eurosceptic Britain, meanwhile, seems to be stopping its pocket being picked by
    recent arrivals.
     
    Robert Zoellick, the president of the World Bank, says the EU should take the lead in rescuing eastern Europe. But the commission has reportedly already spent nearly half of its €25bn emergency fund on Hungary and Latvia. Much more will be needed. But wealthier EU governments have yet to cough up – while private capital is moving in the opposite direction as western banks reduce their exposure.
     
    It’s far from clear who, other than the eager-to-please Japanese, will fund the EU’s weekend call, backed by the US, for a
    doubling of IMF rescue resources. Yet this gambit was itself evidence of political weakness – an indirect admission that Europe, where many new members (and two old ones, Britain and Denmark) have yet to adopt the euro, lacks union-wide financial institutions with the clout to deliver effective bail-outs. …..
     
    The political ramifications of the EU’s indecision, if it continues, are many – but two main effects stand out. One is the prospective definitive ending of an eastwards enlargement policy already crippled by the Lisbon treaty stalemate.
     
    Not just Serbia, held back in any case by its failure to arrest accused war criminal
    Ratko Mladic, but also Montenegro, Macedonia, other Balkan countries, and Turkey have all seen their EU membership chances recede sharply in recent months as Europe’s weaknesses, economic, political and institutional, have been cruelly exposed.
     
    Other casualties may include Armenia, Azerbaijan, Georgia, Moldova, Belarus, and Ukraine, potential members of the EU’s new “eastern partnership” due to be launched in May. The scheme involves expanded free trade and economic and security cooperation, part of an ambitious nation and democracy-building programme.

       
  • See also :
     
    European Monetary System At Breaking Point ! Eastern Europe Bad Debts set to Bankrupt European Banks!
    Eastern Europe Contagion Fear ! Ukraine Crumbling !
    Next Wave of Banking Crisis to come from Eastern Europe
    Eastern Europe Economic Collapse & Looming Debt Defaults
     

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February 26, 2009 Posted by | Economics, GeoPolitics | , , , , , , | 2 Comments

Medical Professionals for 9/11 Truth

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AE911Truth.org info card front: The Case for Explosive Demolition of the WTC Towers

  • More people are beginning to open their eyes to the 9/11 event. Did it really happen the way the US government said it did? I doubt so! There are more than enough evidence to say that the official story is a blatant lie! Any sane mind who looks over the evidence will conclude that there is a big government cover up.
     
  • Government officials don’t lie right? If you believe that I have some Martian real estate I want to sell you. Remember George Bush’s Weapons of Mass Destruction (WMD) in Iraq? Remember he said Saddam Hussein was linked to the 9/11 event? Both blatant lies!
     
  • Now, along with Architects and Engineers, Firefighters, Lawyers, Pilots, Veterans, Religious Leaders for 9/11 Truth… the medical professionals are declaring their 9/11 Truth movement :
     
    As medical professionals, we are dedicated to the service of humanity; to alleviating suffering, to improving health, and to preserving life. We are horrified by the terrorist acts of 9/11 and the senseless suffering and loss of life resulting from them.
     
    The terrorist acts of 9/11 resulted in the immediate deaths of 3,000 emergency service workers and innocent citizens. The inhalation of toxic dust in the weeks following 9/11 will result in the premature deaths of additional thousands of rescue and construction workers and New York residents. The acts of 9/11 have been further used to justify the invasions of Afghanistan and Iraq, which have resulted in the deaths of thousands of military personnel and hundreds of thousands of innocent civilians.
     
    As medical professionals, we are trained in science and logical reasoning. We are appalled by the lack of scientific rigor and the substantial omissions and blatant distortions in the official account of 9/11 as embodied in the 9/11 Commission Report and related government documents.
     
    We are not alone in our concerns about the validity of the 9/11 Commission Report. A group of 25 senior U.S. intelligence services and law enforcement veterans sent a joint letter to the U.S. Congress expressing similar concerns and their desire for a new investigation. Several very senior CIA veterans have called the 9/11 Commission Report “a cover up” and “a joke” and have called for a new investigation. Several former Republican administration senior appointees have called for a new investigation. Several U.S. State Department veterans have called for a new investigation. And dozens of former senior U.S. military officers have also called for a new investigation.
     
    It is imperative that we have an accurate understanding of 9/11 so that those responsible can be identified and brought to justice in order that they and similarly-minded people never again commit such heinous crimes.
     
    It is also imperative that we have an accurate understanding of 9/11 so that governmental policies resulting from 9/11 are based on truth rather than deception.
     
    We join with other organizations of professionals, such as Architects and Engineers for 9/11 Truth, Pilots for 9/11 Truth, Firefighters for 9/11 Truth, and Lawyers for 9/11 Truth, and millions of individual citizens in demanding a thorough, impartial, open and transparent reinvestigation of the terrorist acts of 9/11.
     
    PETITION:
     
    We, the members of Medical Professionals for 9/11 Truth, believe that whereas:
     
    There is incontrovertible publicly available evidence since 9/11/01 that the official account of the events of that day is incomplete and fraught with errors; 
     

    • The 9/11 Commission Report inadequately answered, and in numerous cases even failed to address, many of the most important questions that were called to its attention;
       
    • The blatant disregard of extensive compelling evidence that clearly refutes the official account raises rational suspicion of intentional deception by agents of the U.S. Government;
       
    • U.S. Government policies have been, and continue to be, founded upon assumptions about the events of 9/11 that are likely to be erroneous;
       
    • Life-threatening maladies caused by toxic environmental conditions at Ground Zero in New York City persist today and will continue to develop in the future; and
       
    • The perpetrators of the heinous crimes against humanity that were committed on 9/11 have still not been brought to justice.

Therefore, we, the members of Medical Professionals for 9/11 Truth, call for a new and independent investigation into the events of 9/11/01 by a duly constituted legal body with the authority to subpoena and require testimony under oath, and with authority to prosecute if criminal activity is discovered, so that the perpetrators of these crimes against humanity can at last be brought to justice.

                      Signed by the following 56 medical professionals:

…..  continues at  link …..

  • Non so blind as those who refuse to see the truth. I suppose it is entirely possible that all these people are nut cases with too much free time. But I don’t think so!

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February 26, 2009 Posted by | GeoPolitics | , , | 27 Comments