Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Rogers: Dollar Rally Will End in Currency Crisis!

  • Getting closer and closer. The death of the USD prognosticated by many is coming. The sucker has given all the doomsayers some real fight. But the final eventuality of the USD turning into toilet paper will come. What most people don’t see is a global monetary meltdown. Bloomberg reports :
      
    The dollar’s rally is set to end in a “currency crisis,” investor Jim Rogers said, adding that he may bet on a slide in equities after nine weeks of gains.
     
    The advance in the U.S. currency has been driven by investors covering their short sales, Rogers, 66, said in an interview with Bloomberg Television in Singapore. He may consider adding to his holdings of the yen and prefers the euro to the dollar or the pound, the investor added.
     
    “We’re going to have a currency crisis, probably this fall or the fall of 2010,” Rogers said. “It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”
     
    The dollar has climbed against all of the so-called Group of 10 currencies except the yen over the past 12 months, according to data compiled by Bloomberg. The U.S. currency was at $1.3592 per euro today from $1.3582.
     
    Rogers joins “Black Swan” author
    Nassim Nicholas Talebin avoiding the U.S. currency. Taleb told a May 7 conference in Singapore he preferred gold and copper to the dollar and the euro as the global economy faces a “big deflation.”
     
    Gains in U.S. stocks also signal a “correction,” Rogers said. He’s avoiding equities for the next two to three years because prospects haven’t changed, he added.

end

May 13, 2009 Posted by | Economics | , , , , , | Comments Off on Jim Rogers: Dollar Rally Will End in Currency Crisis!

YouTube Free Speech Purge Accelerates, Infowarrior Channel Banned

  • Looks like the ruling elite is putting the screws on the alternative news media. There are plans underway to curtail and control free speech via the internet. There are plans to totally controlled the internet such that only the MSM views are aired. Paul J Watson reports :
      
    You Tube accelerated its aggressive purge against free speech today after the video networking website suspended the Infowarrior Channel, which was the replacement for the previously censored Alex Jones Channel.
     
    When attempting to visit the
    Infowarrior Channel this morning, one is met with the message, “This account is suspended.” Just as before, no credible reason has been provided for the suspension of channel. The original Alex Jones Channel was suspended because You Tube claimed that showing a computer print out of a Pittsburgh Post-Gazette news article on camera constituted “copyright violation,” despite the fact that the Pittsburgh Post-Gazette denied ever making a copyright complaint.
     
    The real reason for the censorship is of course
    You Tube’s move towards becoming nothing more than a corporate shell for big studio production companies.The company is hemmoraging money because its current format is not a sustainable business model. However, despite doing what any normal company would do in such a situation and accepting advertising, You Tube has decided to just hand over the direction of its whole content to corporate interests.
     
    According to communication we have had with You Tube employees, You Tube has abandoned any pretense of copyright claims and is now embarking on a blanket campaign to ban all Alex Jones videos from their website.
     
    However, You Tube’s decision to ban both the Infowarrior and the Alex Jones Channel has seemingly backfired, with more Alex Jones videos appearing on You Tube than ever before.
     
    A
    general video search by date of the term “alex jones” on the You Tube website shows that You Tube users have met our challenge to fight back against Internet censorship, not by admitting defeat and abandoning You Tube, but by bombarding the website with more Alex Jones video uploads than ever before.
     
    Not only are there multiple times more Alex Jones videos being added to You Tube on an hourly basis, but they are being uploaded from numerous different user accounts, making it difficult for You Tube to target individual accounts for suspension.
     
    At time of writing, the first two pages of Alex Jones related videos, when one searches by “recently added,” have been uploaded by no less than 14 different user accounts.

end

May 13, 2009 Posted by | GeoPolitics | Comments Off on YouTube Free Speech Purge Accelerates, Infowarrior Channel Banned

Federal Reserve Inspector General Does Not Know Where the Trillions of Bailout Money Has Gone To?

  • Amazing video on the questions posed to Inspector General of the Federal Reserve: Elizabeth Coleman. Apparently, she does not know and is not tracking where the trillions of dollars have gone to.

end

May 13, 2009 Posted by | Economics | , | 1 Comment

Swine Flu Cultured in Lab? WHO Probes Claim

  • Human error? More like deliberate attempt at genocide. Yes, I still hold to the view that this is a bio-engineered weapon. Bloomberg reports :
      
    The World Health Organization is investigating an Australian researcher’s claim that the swine flu virus circling the globe may have been created as a result of human error.
     
    Adrian Gibbs, 75, who collaborated on research that led to the development of Roche Holding AG’s Tamiflu drug, said in an interview today that he intends to publish a report suggesting the new strain may have accidentally evolved in eggs scientists use to grow viruses and drug makers use to make vaccines. Gibbs said that he came to his conclusion as part of an effort to trace the virus’s origins by analyzing its genetic blueprint.
     
    The World Health Organization received the study last weekend and is reviewing it, Keiji Fukuda, the agency’s assistant director-general of health security and environment, said in an interview yesterday. Gibbs, who has studied germ evolution for four decades, is one of the first scientists to analyze the genetic makeup of the virus that was identified three weeks ago in Mexico and threatens to touch off the first flu pandemic since 1968.
     
    A virus that resulted from lab experimentation or vaccine production may indicate a greater need for security, Fukuda said. By pinpointing the source of the virus, scientists also may better understand the microbe’s potential for spreading and causing illness, Gibbs said.
     
    Caution
    “The sooner we get to grips with where it’s come from, the safer things might become,” Gibbs said in a telephone interview from Canberra today. “It could be a mistake” that occurred at a vaccine production facility or the virus could have jumped from a pig to another mammal or a bird before reaching humans, he said.
     
    Gibbs and two colleagues analyzed the publicly available sequences of hundreds of amino acids coded by each of the flu virus’s eight genes. He said he aims to submit his three-page paper tomorrow for publication in a medical journal.
     
    “You really want a very sober assessment” of the science behind the claim, Fukuda said yesterday at the WHO’s Geneva headquarters. The U.S. Centers for Disease Control and Prevention in Atlanta has received the report and has decided there is no evidence to support Gibbs’s conclusion, said Nancy Cox, director of the agency’s influenza division. She said since researchers don’t have samples of swine flu viruses from South America and Africa, where the new strain may have evolved, those regions can’t be ruled out as natural sources for the new flu.
     
    No Evidence
    “We are interested in the origins of this new influenza virus,” she said. “But contrary to what the author has found, when we do the comparisons that are most relevant, there is no evidence that this virus was derived by passage in eggs.”
     
    The WHO’s collaborative influenza research centers, which includes the CDC, and sites in Memphis, Melbourne, London and Tokyo, were asked by the international health agency to review the study over the weekend, Fukuda said. The request was extended to scientists at the Food and Agriculture Organization in Rome, the World Organization for Animal Health in Paris, as well as the WHO’s influenza network yesterday, he said.
     
    “My guess is that the picture should be a lot clearer over the next few days,” Fukuda said. “We have asked a lot of people to look at this.”
     
    Lab Escape
    Gibbs wrote or co-authored more than 250 scientific publications on viruses during his 39-year career at the Australian National University in Canberra, according to
    biographical information on the university’s Web site.
     
    Swine flu has infected 5,251 people in 30 countries so far, killing 61. Scientists are trying to determine whether the virus will mutate and become more deadly if it spreads to the Southern Hemisphere and back. Flu pandemics occur when a strain of the disease to which few people have immunity evolves and spreads.
     
    Gibbs said his analysis supports research by scientists including Richard Webby, a virologist at St. Jude Children’s Research Hospital in Memphis, who found the new strain is the product of two distinct lineages of influenza that have circulated among swine in North America and Europe for more than a decade.
     
    In addition, his research found the rate of genetic mutation in the new virus outpaced that of the most closely related viruses found in pigs, suggesting it evolved outside of swine, Gibbs said.
     
    Some scientists have speculated that the 1977 Russian flu, the most recent global outbreak, began when a virus escaped from a laboratory.
     
  • See also :
     
    Is Swine Flu A Biological Weapon?
    Swine Flu Epidemic & Avianized Flu Pandemic
    Pandemic Flu: Something Wicked This Way Comes!
    Previous Swine Flu Outbreak Originated At Fort Dix!
    Mexican Swine Flu – An Advanced Biowar Event ?
    Alex Jones: Swine Flu Pandemic
    Swine Flu Was “Cultured In A Laboratory” !
    Do Not Take A Swine Flu Vaccine!
    Live Avian Flu Virus Placed in Baxter Vaccine Materials Sent to 18 Countries
    Flashback: Homeless People Die After Bird Flu Vaccine Trial in Poland
    Alex Jones – Weaponized Avian Flu ?
    US Air Force Study Suggests 2009 Influenza Pandemic in 1996
    Is the World Heading Towards Pandemic Avian Flu ?
    Bayer Exposed (HIV Contaminated Vaccine)! 
    Plans for Mass Graves Confirmed: Government Surveying Cemetery Readiness for Flu Outbreak
    Avian Flu, Population Control, H5N1, Biological Warfare
    The Pentagon’s Alarming Project: Avian Flu Biowar Vaccine!

end

May 13, 2009 Posted by | Medicine & Health | | 6 Comments