Socio-Economics History Blog

Socio-Economics & History Commentary

Gold Spells Trouble for Greenback: Gold and Silver Charts

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November 5, 2009 Posted by | Economics | , , , | Comments Off on Gold Spells Trouble for Greenback: Gold and Silver Charts

Ukraine Flu Outbreak Worries EU Neighbors!

  • Is this A/H1N!? Not likely. Even if it is, it has mutated badly and the current vaccine will not be effective. There are obviously a lot of Big Pharma people trying to take advantage of this situation in Ukraine to push their vaccines! UPI reports :
      
    BRUSSELS, Nov. 4 (UPI) — An explosive outbreak of influenza in Ukraine is worrying EU member nations that border it, observers say. Kiev has issued a call for international help in obtaining anti-viral drugs, saying 71 people have died in the past week and another 240 people hospitalized in serious condition among more than 250,000 reported cases of flu-like infection, the EUobserver reported Wednesday.
     
    The publication said blood tests have not confirmed the presence of the
    H1N1 variety known as “swine flu,” but the rapid pace of the infections have prompted a high level of concern among Ukraine’s neighbors. “The priority is to obtain the Tamiflu anti-viral drug, as well as antibiotics, respirators, protective masks and test kits for identifying the A/H1N1 virus,” the Ukrainian government said in a statement Wednesday.
     
    EU countries such as Poland, Slovakia, Hungary and Romania that share land borders with Ukraine are worried, and are offering help. The EUobserver reported that Polish newspapers are saying Slovakia has already sent 200,000 protective masks to Ukraine.
     
    Warsaw is also reportedly concerned about the flu situation in Belarus because of that country’s closed, authoritarian government. The publication said critics contend Belarus is concealing a large flu outbreak.

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November 5, 2009 Posted by | Medicine & Health | , , | 4 Comments

Dethroning of the U.S. Dollar Will Happen Sooner Than You Think !

  • In the G20 meeting I believe they will discuss the fate of the USD and how they can restructure their economies away from America as an engine for growth. Many moves in the past 6 months have been made for the final eventuality: the end of the USD hegemony, the end of the current financial order. Although, all seem quiet, when it comes it will be pretty earth-shaking. Empires seldom go quietly. Keith Fitz-Gerald writes:
      
    Let’s take a look at the three key reasons that this shift away from the U.S. dollar happening – and sooner rather than later:
     
    1. The Asian Region Currency Partnership: Japan, once the staunchest of U.S. allies, is leading the charge to form a regional currency partnership based on closer ties between itself, China and South Korea. Ostensibly part of the second trilateral “leader’s meeting,” that happened earlier this year, financial cooperation was front and center on the agenda (at Japan’s invitation) as a means of coping with the ongoing global financial crisis and with the subsequent resumption of worldwide financial growth. It was also key to the Association of Southeast Asian Nations (ASEAN) discussions that took place this past weekend – with the waning influence of the U.S. economy again playing a key role in the discussion amongst potential ASEAN trading block partners.
      
    At a time when U.S. leaders are fooling only themselves by pretending this country remains the key player in the health of the worldwide economy, Japan’s newly elected Prime Minister Yukio Hatoyama didn’t mince words following the trilateral meeting when making such comments as “until now we have been too reliant on the United States” and “I would like to develop policies that focus more on Asia” to press-corps attendees.
     
    Having spent 20 years in the region, I can’t say I’m surprised by this development. And you shouldn’t be, either. Between China, South Korea and Japan, we’re talking about 16% of the world’s gross domestic product (GDP) – a figure that’s growing almost daily, by the way.
       ……..
    2. When “Black Gold” is No Longer Quoted in Greenbacks: Middle Eastern nations and members of the Organization of the Petroleum Exporting Countries (OPEC) finally couldn’t contain themselves any longer and leaked information a few weeks back that they’re pursuing a non-U.S. dollar trading basket as a replacement for the current U.S. dollar-traded oil markets.
     
    We’ve been forecasting this for some time. The difference this time around is that the Middle Eastern nations are now all but openly in cahoots with China, Russia, Japan and France – all of whom the United States continues to blithely believe it can outmaneuver.
     
    While the meetings have been held in secret, my sources in Hong Kong and the Persian Gulf region suggest that the move is imminent and that the establishment of an independent trading market is all that’s keeping us from a day in which oil prices are no longer quoted in dollars. Oil will instead trade in the combined basket using currencies from the nations I just mentioned. Led by China and potentially – although this is a big leap – tied in good measure to the yuan.
     
    As a side note, this may at least partially explain the rise in gold prices as enlightened traders begin to hedge the dollar’s ultimate demise. This makes sense for two reasons:
     
    – First, China uses oil in an incrementally greater proportion than the United States because it remains less energy efficient. That means that China will take in an increasingly larger percentage of world supplies.
     
    – Second, gold is the only “currency” that is potentially liquid enough to serve as a transitional store of value until the new currency basket arrives. Pun absolutely intended.
     
    Incidentally, you can expect Brazil and India to join the party shortly, leaving the United States even further out in the cold. And while we’re at it, my guess is that the new oil markets will be based in Shanghai, and not in New York or Chicago.
     
    Watch, too, as the United Kingdom is dragged – kicking and screaming – to the euro because it will have no choice but to abandon the U.S. dollar.
      
    3. U.S. Firms Are Already Adopting a China Focus: While ostensibly supporting the recovery here, major U.S. companies are already looking at what it will take to list their shares on China’s stock exchanges. Although I’ve been following this story for at least two years, it’s received almost no attention in the U.S. news media. When it does happen – and it will – this will be one of the biggest wakeup calls yet for those Western investors who refuse to acknowledge Asia’s economic ascendance.
     
    I’m not talking about fringe companies here, either. I’m talking about stalwarts like Wal-Mart Stores Inc. (NYSE: WMT), The Coca-Cola Co. (NYSE: KO), and General Electric Co. (NYSE: GE), to name just a few. In short, companies that U.S. investors view as American as apple pie are pushing to be viewed as Asian as quickly as possible.
     
    I originally thought this wouldn’t happen for five to seven years (which is still faster than most investors believed possible). Instead, I give this shift 12 months to 24 months – at most – before we see the first listings.
     
    The fallout from this will be considerable. The historic financial centers of London and New York will take yet another step to the sideline as new Asian markets emerge.

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November 5, 2009 Posted by | Economics | , , , , , , , , , , | Comments Off on Dethroning of the U.S. Dollar Will Happen Sooner Than You Think !

Spanish Doctor on Engineered Viruses And Depopulation!

Part   5    Part   6  

  • TERESA FORCADES, doctor in Public Health, reflects on the history, and gives scientific data, of A type flu and lists all the irregularities related to this subject. She explains the consequences of the declaration of a PANDEMIC, the political consequences from this declaration and makes a proposal to keep calm. She calls for an urgent activation of all legal mechanism and the participation of all citizens in this matter.

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November 5, 2009 Posted by | Medicine & Health | , , , | 4 Comments

Israel Preparing Public for a New War(Genocide) in Gaza !

Star_of_David

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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November 5, 2009 Posted by | GeoPolitics, History | , , , , , , , | 17 Comments

£4,350 per Family to Bail Out Britain’s Banks!

  • The world is rule by Illuminati banksters. There is 1-2 Satanic bankster families that control the world in the shadows. Why do you think governments bow their heads to banksters’ requests for bailouts? These banksters are not at all sorry and have also declared generous bonuses for themselves. What a world we live in. The Telegraph UK reports:
     
    Every family in the country is now facing a tax liability of £4,350 to prop up Britain’s banking system after Alistair Darling announced the biggest bail-out in history.
      
    The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, and declared that it was the only way to keep the business alive. Taxpayers have poured a total of £53.5 billion into RBS, including the £20 billion part-nationalisation last year and another £8 billion that was set aside as insurance against further trouble in the future.
       
    In total, the Government has put £74 billion of taxpayers’ money into the banks, including RBS, Lloyds and HBOS, since the start of the financial crisis last year. The Conservatives claimed the latest bail-out equated to an extra tax liability of £2,000 for every one of the 17 million families in the country. This comes on top of the £2,350 to which every household is already exposed as a result of previous attempts to prop up the financial system.
     
    It is likely that the new bail-out will have to be funded by government borrowing, which could only be repaid through swingeing cuts to public services or substantial tax rises over the coming years. However, despite consumers picking up the bill for yet more billions for the banks, experts said that the money would still not be enough to get them to increase lending to struggling home owners and businesses.
     
    The bail-out of RBS, which was driven to the brink of collapse in 2008 after a series of reckless investments, now ranks as the biggest in the world.

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November 5, 2009 Posted by | Economics | , , , , , , | Comments Off on £4,350 per Family to Bail Out Britain’s Banks!

Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally !

  • I would tend to agree that the commodities market rally is not a bubble. It is about a flight away from the USD into hard assets. Implied in this, is inflation and collapse of the USD. As for the US stock market, I view it more as a consequence of irresponsible money printing and speculation/manipulation by banksters. I still see the bear market resuming. I suppose you never can tell, with the amount of money sloshing around, not being lent out, they are chasing stock prices higher and higher. It will all end in grief for the US stock market. Bloomberg reports:
      
    Jim Rogers, the investor who predicted the start of the commodities rally in 1999, said that Nouriel Roubini is wrong about the threat of bubbles in gold and emerging-market stocks. Many commodities are still down from record highs and equity markets aren’t on the brink of collapse, Rogers, chairman of Singapore-based Rogers Holdings, said in an interview on Bloomberg Television today. The price of gold will double to at least $2,000 an ounce in the next decade, he said.
     
    Roubini, the New York University professor who warned in 2006 about the coming financial crisis, said on Oct. 27 that investors are borrowing dollars to buy assets and creating “huge” asset bubbles. Rogers said that he’s not buying stocks now, though he may buy more gold. “What bubble?” Rogers said, when asked if he agreed with Roubini’s view. “It’s clear Mr. Roubini hasn’t done his homework, yet again.”
     
    Roubini told a conference in South Africa last month that investors were doing “the mother of all carry trades” by buying assets with borrowed dollars. He said emerging-market equities are showing a bubble, that gains in some developing- nation currencies are becoming “excessive” and that the rally in oil is “not justified by the fundamentals.”
    The MSCI Emerging Markets Index has gained 62 percent this year and crude oil has risen 47 percent.
     
    ‘That’s a Good Year’
    Rogers countered Roubini’s arguments by saying that Chinese stocks and sugar, silver, coffee and cotton have all dropped from their historical highs by at least 50 percent. When asked if gains made this year pointed to a bubble, he said: “It’s not a bubble if something is up 100 percent this year, but down 70 percent from its high. That’s not a bubble, that’s a good year. That’s a great year. Maybe it’s too high for this year, but that’s not a bubble.”
      
    Gold climbed to a record $1,095.40 an ounce in London today, a 24 percent gain this year. Gold also reached a record in New York as the dollar fell and India’s central bank added to its bullion reserves. “I suspect it’s going to go over $2000 some time in the bull market, but depending on what happens in the world it could go much, much higher,” Rogers said. “The old high, back in 1980 adjusted for inflation, would be over $2000 now, just to get back to the old high. So we’ll certainly get there some time in the next decade.”
     
    Dollar Pessimism
    Rogers agreed with Roubini that the dollar’s decline was encouraging investors to buy more commodities and assets. The U.S. currency has dropped 13 percent since the start of March against a trade-weighted basket of currencies. “Right now, everybody including me is pessimistic on the U.S. dollar,” Rogers said. “That usually leads to a rally, whatever the asset is, and I would just suspect it’s going to happen again this time.
     
    “How long will it last? I don’t know,” he said. “It depends on how the world evolves. Somewhere along the line, I expect I’ll have to sell the rest of my dollars.” “I don’t know any emerging market stock markets that are so high I’d call them a bubble,” Rogers said. “They’re certainly all up a lot, maybe they’re too high, but being too high is not a bubble for anyone who knows financial markets.” In contrast to Roubini, Rogers said the only bubble he sees in the Western world now is in U.S. bonds.
     
    “I cannot conceive of lending money to the U.S. for 30 years,” he said. “Other than that, I don’t see any bubbles going on, unless he knows something the rest of us don’t know.”

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November 5, 2009 Posted by | Economics | , , , , , , , | Comments Off on Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally !

Reported Cases in Ukraine Double in Two Days!

  • Hopefully this disease will die down after the initial scare much like what happened in Mexico earlier in the year. We just have to keep an eye on this for the next 7 days. After which, the truth should be much clearer, rumours dispelled and severity determined. The hospitalization rate stated below is pretty high.
     
    Recombinomics Commentary 14:34
    November 4, 2009
     
    478,456  Influenza/ARI
    24,003  Hospitalized
    60  Ventilators
    81 Deaths
     
    The above numbers are from the latest update from Ukraine.  The number of infected patients has almost doubled to just under ½ million, compared to the report two days ago (see map).  Hospitalized patients also have spiked higher, to 24K from 15K.  ICU cases are not listed, but 60 on ventilators are.  However, most (37) of those on ventilators are Chernivisti Oblast, but Lviv, which has the most fatalities and cases, has none, suggesting the data is incomplete or there are significant shortages of ventilators.  The number of dead has risen to 81, but media reports describe additional fatalities, include those in the Kiev Oblast.
     
    The explosion of cases again raises concerns that the number of fatalities is significantly higher than the 81 listed.  Media reports have described an equal number of pneumonia fatalities which were not considered flu related.  The basis of these exclusions remains unclear.  Similarly, anecdotal reports suggest the number of fatalities is markedly higher than the 81 in the table.
     
    The rapid rise in reported infections, hospitalizations, and deaths in the past few days raise concerns that the virus is transmitting very efficiently.  Spikes in cases have been reported throughout the northern hemisphere, but the spike in fatalities and the frequency in
    hemorrhagic cases in Ukraine have raised concerns.
     
    Earlier media reports suggest that an update by
    WHO might be issued today and include preliminary analysis of samples sent to Mill Hill in London. Daily updates on the rapidly evolving situation in Ukraine, including sequence analysis, would be useful. 

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November 5, 2009 Posted by | Medicine & Health | | 2 Comments

Ukraine Mystery Flu Update 5 November 2009

  • I seriously doubt that this is the A/H1N1 swine flu, although MSM seems to assume it is. Whatever it is, it does not look like it is going away soon. This is a man made bio-weapon! The Illuminati globalist’s plan of depopulation has been triggered. Remember the Satanic Georgia guidestones: Maintain humanity under 500,000,000 in perpetual balance with nature! Famine is just around the corner. Global war is planned. 
     
    Swine flu scare tightens borders around Ukraine
    LVIV, Ukraine — Russia and Slovakia tightened their borders with Ukraine on Tuesday as the World Health Organization began investigating a suspected swine flu outbreak.
      …….
    Slovakia, which lies on Ukraine’s western border, closed two of its five border crossings with Ukraine to keep the infection from spreading. In Russia, where there have been 14 confirmed swine flu deaths, the Health Ministry said it would examine anyone crossing the border from Ukraine and quarantine people with severe symptoms.

     
    Breaking News: Ukrainian Flu is not just H1N1
    According to sources, test results are starting to come in, there are only a few deaths that can be attributed to the H1N1 Flu Virus; the global media outlets are lying. There are many stricken with a mystery illness, but they are in areas considered to be under the Chernobyl cloud. The Ukraine Government appealed for help to combat a very quick onset of the current flu season. They received vaccinations and Tamiflu. There were also requests for additional doctors, but where not remitted, all aid currently received is simply the supplies.
     
    The Ukrainian Government has appealed to NGO’s from around the world choosing them over WHO, to assist in the epidemiology studies, forensics, and are even requesting aid from Russia.
     
    Officials there believe this “new” disease is actually a combination of persistent flu’s being absorbed by a community already compromised by other ailments including the pollution caused from: mining regions, former Chernobyl province, Chernobyl cloud, etc), The Ukraine Government has looked into possibilities, and fear they are being given the vaccine, and medicine by parties who know that it will not work, and could do more harm than good to the people of those regions as they are already being of compromised health.
     
    They feel it will end up killing more people, and could cause the virus mutate. ….
     
    Ukraine virus mystery deepens
    Ukraine is in a state of hysteria as a mystery flu epidemic grips the country in the run-up to presidential elections. Schools have been closed and there is a ban on public gatherings.
     
     
    The situation is so bad, the mayor of Kiev is even planning to have the Champions League football match between Dynamo Kiev and Italian side Inter-Milan played behind closed doors on Wednesday evening. At the very least – at the least spectators will be asked to wear face masks. The country ordered 650,000 doses of the anti-viral drug Tamiflu at the weekend and hundreds of thousands more doses are already on their way. Millions of face masks are also being produced.  
      …..
    Rumours no surprise
    Given that the Ukraine is still dealing with the consequences of the Chernobyl nuclear disaster ofin 1986, it’s unsurprising that such rumours have arisen. But are they just rumours, or is there some substance to the claims?
      
    In August 2009, a man called Joseph Mosse, who claims to be a former microbiologist with the Israeli intelligence agency Mossad, was arrested in Los Angeles, after having made threats against the White House. Shortly after his arrest there were reports that he had called into a radio show with a warning about a biological weapon being prepared in the Ukraine by a company called Baxter International. According to these reports, Mr Mosse said that the weapon would be spread via a flu vaccine.
      
    Facts vs theories
    Credence is being given to these reports because Mr Mosse’s qualifications as a microbiologist are confirmed by his research profile on
    this website. There is also a story doing the rounds that a light aircraft has been spotted spraying an unidentified substance over the capital, Kiev, but this has been denied by the country’s Office of Emergency Reponse.
     
    Waiting for the outcome
    The Ukrainian Health Minister Vasyl Kniazevych told the national radio station that he believes the as-yet unidentified virus could be one that has already been discovered and is known as California A/H1N1 flu. This is thought to be a more virulent strain of the H1N1 virus. The minister says that efforts to identify the mystery virus are expected to take several weeks. The various competing theories will no doubt continue to circulate as Ukraine and the rest of the world await the findings.

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November 5, 2009 Posted by | Medicine & Health | , | 2 Comments