Socio-Economics History Blog

Socio-Economics & History Commentary

The Mercury-Autism Cover Up !

  • What causes Autism? I have come to the conclusion that autism is mostly mercury poisoning via thermirosal in vaccines. Thermirosal is ethyl mercury (49.6% mercury). It is used in vaccines as a preservative. There is no need to use thermirosal in vaccines especially when other alternatives are available and refrigeration is used.
     
  • The smoking gun :
     
    In June of 2000, the Center for Disease Control, the World Health Organization, the FDA, “leading” scientists and representatives of the pharmaceutical industry got together for a secret meeting.
     
    Their focus was the growing public and scientific awareness that mercury used as a preservative in vaccines for children had unleashed an epidemic of autism.
     
    The participants came to three conclusions:
     
    1. They acknowledged the autism/mercury connection was true (or at least highly plausible)
     
    2. They conspired to create a statistical smokescreen to obscure the science
     
    3. They agreed not to disclose anything that took place at the meeting 

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June 16, 2009 Posted by | Medicine & Health | | Comments Off on The Mercury-Autism Cover Up !

Medvedev Questions Dollar’s Role as World Currency

  • The USD endgame is being unfurled right before our eyes. This is history in the making: the collapse of the American USD Financial Hegemony. With it, the collapse of the American empire. Bloomberg reports :
      
    Russian President Dmitry Medvedev questioned the U.S. dollar’s future as a global reserve currency and said using a mix of regional currencies would make the world economy more stable. Russia may consider ruble-yuan swaps.
     
    The dollar “is not in a spectacular position, let’s be frank, and its prospects cause various questions as do the prospects for the global currency system,” Medvedev, who today hosts an international economic forum in St. Petersburg, said in an interview published by the Moscow-based Kommersant newspaper. Regarding the global financial system, “therefore our task is to make it more mobile and at the same time more balanced.”
     
    Medvedev is expected to reiterate his call for creating a new world currency at the forum today in his keynote address on the first lessons of the global crisis. Russia’s president has called for creating regional reserve currencies as part of the drive to address the global financial crisis. Russia’s proposals for the Group of 20 meeting in London in April included the creation of a supranational currency.
     
    It is too early to be fully optimistic that the global financial crisis is easing, Medvedev said in the interview. The most dramatic scenarios for a collapse haven’t occurred, he said.
     
    A new world currency may be on the agenda when Medvedev meets counterparts from Brazil, India and China on June 16 at a summit in the Ural Mountains city of Yekaterinburg, the Kremlin said this month.
     
    Possible Step
    “This idea has potential, even though some of my G-20 colleagues aren’t actively discussing it at the moment,” Medvedev told Kommersant. “However, for example, in the opinion of our Chinese colleagues it is quite a possible step. The most important thing is not to walk away from discussions on this topic.”
     
    A supranational currency may make sense for countries with interrelated economies and business cycles, though this is not the case for so-called BRIC countries, according to
    Elina Ribakova, Moscow-based chief economist at Citigroup Inc. There’s discontent over the dollar, but nobody knows what needs to be done, she said.
     
    Turning the ruble into a reserve currency is still a possibility, especially if some of Russia’s partners start making payments for their oil and gas in rubles, Medvedev said. Russia might consider setting up ruble-yuan swap positions similar to the recent accord suggested between China and Brazil, he said.

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June 16, 2009 Posted by | Economics | , , , , | Comments Off on Medvedev Questions Dollar’s Role as World Currency

China, Japan and Russia: All Trimmed Their Holdings of U.S. Debt.

  • The bond market has been oversold and is now retracing a little. Thus, the rally in their prices. But make no mistake: foreigners continue to exit this market. US treasuries are as good as junk bonds. The risk of default is much higher than most believe. The method of default will likely be a devaluation of the USD via Quantitative Easing. FedRes have to step up buying of treasuries whether they like to or not.
     
  • Wall Street Journal reports :
      
    Net foreign sales of long-maturity U.S. securities totaled $8.8 billion in April, following purchases of $36.5 billion the month before, according to a U.S. Treasury Department report released Monday.
     
    Meanwhile, the report shows that China, Japan and Russia – three large purchasers of U.S. Treasurys – all trimmed their holdings of U.S. debt.
     
    The monthly Treasury report highlights cross-border acquisitions of securities with maturities of more than one year including nonmarket transactions such as stock swaps and principal repayment on asset-backed securities.
     
    The closely watched figure, excluding transactions that don’t occur on an open market, recorded net purchases of $11.2 billion in long-term U.S. securities, after purchases of $55.4 billion in March, according to the monthly Treasury International Capital report, known as TIC.
     
    The report’s most comprehensive category, “monthly net TIC flows,” includes nonmarket flows, short-term securities and changes in banks’ dollar holdings. This measure of net foreign capital outflow was $53.2 billion in April, versus an inflow of $25.0 billion the previous month.

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June 16, 2009 Posted by | Economics | , , , , , | Comments Off on China, Japan and Russia: All Trimmed Their Holdings of U.S. Debt.

Is the Japanese Government Dumping US$134.5B of Treasury Bonds?

  • So, American treasury bonds are perfectly safe assets, right? I don’t think so! Who in their right mind will continue investing in treasuries with America totally broke and completely unable to pay off their debts?
     
  • Countries the world over are getting out of US treasuries. The trick for big bond holders like Japan, China and Russia is to do it quietly. Otherwise, the bond value will plummet and they will lose even more. All the propaganda statements from the MSM about foreign countries having confidence in the USD and treasuries are signs that things are heating up. You do not need to make such statements if things are really alright.
     
  • Karl Denninger opines :
      
    It just gets more and more odd after my original report, with the latest coming from a German newspaper (translation courtesy of Google):
     
    Hit for the Zöllner: The contraband securities valued at 134 billion U.S. dollars are apparently real. Die italienische Finanzpolizei hatte zwei Japaner ertappt, die im doppelten Boden eines Koffers milliardenschwere Anleihen in die Schweiz schaffen wollten. The Italian financial police had two Japanese caught in the false bottom suitcase billion-dollar bonds in Switzerland wanted to create.
    Von dem Fund profitiert das hochverschuldete Italien.
     
    Note that this has received very little coverage in the so-called “mainstream US media” – but it is everywhere in Europe and Asia.
     
    Japan, for its part, oddly said the following as soon as this story started to hit the press:
     
    “We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”
     
    Uh huh.  And the Japanese said in December of 1941 that all was well too.  Anyone remember what happened on the morning of the 7th?
    Let’s apply a little “Occam’s Razor” to this entire story.
     
    You’re not going to walk into a bank with $130 billion in bearer bonds and cash them.  Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it.  They will be authenticated before you get one dime out of them – no matter who you think you’re going to “give” them to. 
     
    So if they’re fakes and you’re “just screwing around”, there is no reason to hide them.  Nor is there any particular reason to have authentic and recent original bank documents in your luggage with them, as has been reported.
      ….
    …. let’s assume that the certificates are real, as German media seems to believe and which, by the way, makes logical sense given what they were and the sheer impossibility of cashing a fake $500 million bond.
     
    Ok, who has $130 billion in bearer bonds?  Remember, bearer instruments haven’t been issued by the Treasury since 1982, when they became illegal to issue, at least to US institutions and residents (there was an exception carved out for Treasury instruments issued to non-US residents in 1985 – a time of high deficits)  The answer to that question:
    it is rather unlikely that there remains $130 billion of legitimate US Bearer issuance outstanding anywhere – to anyone.
      ….
    As Mr. Holmes is famously rumored to have said,
    “once you eliminate the impossible, whatever remains, however implausible, must be the truth.”
     
    So what remains?  Let’s run a theory here – one of the few possible remaining options, given the exclusion of what we know not to be true…
     
    Are we willing to assume that all the “issue” of Treasury bonds has been done “above board” as required by law.  If Treasury has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years, …..
      ….
    It is, however, one of the few explanations that actually fits the facts, and for that reason, I think we need some answers.  If in fact previous administrations were issuing “off-book” Treasury debt in this fashion to sovereigns then implications are truly explosive as such issues are blatant and outrageous unlawful acts and would expose everyone involved to severe criminal penalties.
     
    Let’s hope we get those answers, and this isn’t one of those “funny things” that just disappears into the night.
     
  • See also :
     
    2 Japanese Carrying US$134B Worth of US Bonds Detained in Italy

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June 16, 2009 Posted by | Economics | , , , , | 1 Comment