Socio-Economics History Blog

Socio-Economics & History Commentary

Boy Diagnosed with Guillain-Barre Syndrome After Swine Flu Shot!

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November 12, 2009 Posted by | Medicine & Health | , | Comments Off on Boy Diagnosed with Guillain-Barre Syndrome After Swine Flu Shot!

What Our Children Are Dying For In Afghanistan!

November 12, 2009 Posted by | GeoPolitics | , | Comments Off on What Our Children Are Dying For In Afghanistan!

China Signals That It May Allow Currency to Rise Against Dollar!

  • This is inevitable and necessary for China’s success. However, it is painful. Because an appreciation of the CNY(Chinese Yuan) against the USD means that their USD denominated reserves of about US$2.3T is being depreciated away. My suspicion is that the Chinese have diversified a great portion of this US$2.3T into commodities and especially gold. They are thus, more comfortable with allowing the CNY to appreciate. My guess is CNY6.5 to the USD ie. about 5% appreciation during Q1 2010.
     
  • If they do not do so, they will be importing inflation due to the rapid depreciation of the USD and the current fixed rate of CNY6.826 to the USD. If they maintain this level when the USD collapses, it means that the CNY will collapse along with it. Thus, their need to revalue the CNY. The question is: Are the Chinese signalling that they are willing to let the USD collapse?
     
  • By revaluing the CNY against the USD, it releases alot of stress on the Euro. The Euro has been appreciating rapidly because of the depreciating USD. This is hampering economic growth in the EU. Already, the EU is having difficulty competing with China. With a weaker CNY, the EU is heading towards economic crisis. So, the Chinese is behaving rather responsibly by allowing their CNY to appreciate! CNBC reports :
     
    China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
      
    In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable at a reasonable and balanced level.” It hinted instead at a shift from an effective dollar peg that has been in place since the middle of last year.
     
    “Following the principles of initiative, controllability and gradualism, with reference to international capital flows and changes in major currencies, we will improve the yuan exchange-rate formation mechanism,” the central bank said in a 46-page monetary policy report.
     
    The comments, published just days before a visit to Shanghai and Beijing by U.S. President Barack Obama, set out the possibility of a return to exchange rate appreciation that began with a landmark July 2005 revaluation.
     
    The yuan strengthened by nearly 20 percent against the dollar until concern over the impact of the global financial crisis prompted Beijing to hit the brakes in the middle of last year to protect exporters. The yuan has been stuck at around 6.83 per dollar ever since, drawing increasing ire from other countries, especially as it has followed the dollar downwards against other currencies. The dollar has dropped 13 percent against a basket of major currencies including the yen and euro since mid-February.
     
    Back to a Basket?
    Some analysts have called for the return to a genuine basket of currencies, which the central bank said in 2005 it would use as a reference for the yuan.
      
    “I think the wording change … shows that it is an irresistible trend for China to resume yuan appreciation,” said Xing Ziqiang, an economist at China International Capital Corp (CICC) in Beijing. “It is not sustainable for the yuan to always be pegged to the U.S. dollar; after all, the repegging since late 2008 was just part of China’s measures to address the global financial crisis, and now the impact of the financial crisis is fading, so the yuan should resume appreciation sooner or later.”
     
    The central bank’s report came just hours after data that showed the world’s third-largest economy had firmly put the worst of the global financial crisis behind it. Factory output growth surged to a 19-month high of 16.2 percent in October. While exports were still down in year-on-year terms, economists pointed to the likelihood that they would start growing again soon. Some analysts said the statement could have been timed to send a signal ahead of Obama’s Nov. 15-18 visit to China. Obama told Reuters on Monday that he planned to raise the currency issue during his trip.
     
    However, Beijing is increasingly facing complaints about its currency from other emerging economies, which see an undervalued yuan as undercutting them in global markets.
     
    No Sudden Shift
    Those concerns were evident in a draft statement from APEC finance ministers circulated on Wednesday, in which they call for flexible interest rates and exchange rates as a way of redressing economic balances.
     
    “We agreed that flexible prices, including exchange rates and interest rates, play a critical role in allocating resources efficiently, and can facilitate the adjustments needed to support balanced and sustainable global growth,” said the latest draft statement by the finance ministers dated Nov. 10.
        
    While the statement could change in its final form, a deputy Chinese finance minister was present at discussions on it, suggesting some level of agreement by Beijing on the wording. However, analysts were quick to caution against expecting any sudden shift in the yuan’s actual value, given China’s penchant for carrying out any reforms gradually.
     
    “The central bank’s worries about capital flows, liquidity, and inflation signal growing pressure for yuan appreciation,” said Ben Simpfendorfer, strategist with the Royal Bank of Scotland in Hong Kong. “But I’m not looking for gains in the currency until the second quarter as the export sector still faces large challenges and margin pressure.” Markets priced in a slightly greater appreciation over the coming year.

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November 12, 2009 Posted by | Economics | , , , , , , , | 5 Comments

Vietnam To Lift Ban And Allow Unlimited Gold Imports!

  • Gold is becoming currency again. You are going to hear more and more such stories. Countries are abandoning their USD reserves for gold. They know that a time is coming when the USD will not be accepted for international trade settlement. The alternative is clearly gold. Everyone accepts it! The next phase of the gold stampede is about to start. This is the phase where the sheeple rush to accumulate gold. This will result in a parabolic rise in the price of gold!
     
  • In Vietnam’s case, their currency the Dong is not accepted in international trade. It is a weak and largely worthless currency outside its borders. Thus, they need to buy USD for international trade settlement. Why are Vietnamese buying more and more gold? They understand that it is better than the USD. Forbes reports:
     
    Vietnam’s central bank on Wednesday lifted a 1-1/2-year-old ban on gold imports in a bid to stabilise the market after a sharp rise in prices helped drive the country’s dong currency to a record low.
      
    ‘The State Bank of Vietnam will allow gold imports with a volume sufficient to intervene in the market in order to stabilise the market, combat speculation and prevent an impact on the interests of the people,’ the central bank said on its Web site,
    www.sbv.gov.vn.
     
    Five or six companies would be allowed to import unlimited quantities of gold, state-run news Web site VNexpress.net quoted State Bank of Vietnam Governor Nguyen Van Giau as saying on Wednesday afternoon. He did not give details or a timeframe.
     
    The ban on gold imports since May 2008 led to a gap between domestic and international prices, and recently traders say that spread, plus the rise in gold prices globally, triggered a surge in demand for dollars.

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November 12, 2009 Posted by | Economics | , | 2 Comments

US is Trying to Solidify Control Over Latin America !

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November 12, 2009 Posted by | Economics | , , | 6 Comments

Sharp Rise of 300,000 Norwegians Infected with Swine Flu Last Week.

  • Swine flu A/H1N1 spreads quickly but is largely mild. It is way milder than seasonal flu. In fact, a lot of people recover without seeing the doctor. The mortality rate is far lower than that of seasonal flu too. So, we must not submit to the fear mongering of the pharmaceutical cartel. I am highlighting this case, because I believe swine flu is bio-engineered. Coupled with the hemorrhagic pneumonia of Ukraine, we need to keep an eye on unusual flu ‘events’.
     
  • Keep in mind that Obama declared a pandemic swine flu emergency on the 23 October. The Ukraine epidemic started end October. Coincidence?? Yeah right?! The Satanic cabal who rules the world wants to set off a worldwide pandemic to thin the sheeple herd. Google Translate :  Note: Amendment due to miscalculation by FHI Department: (original reported figure of 500,000 is incorrect, it should be 300,000)
      
    Wednesday evening FHI reported that the number of infected people is 900,000, and the number of infected last week 500,000. This was due to a miscalculation by the Department. 
     
    The entire 13 per cent of Norway’s population is now infected with the swine flu. The estimates of Public Health (FHI) for the latest updated situation report that was published late Wednesday night.
     
    Both the incidence of influenza-like illness and the number of confirmed flu cases has increased sharply throughout the country in recent weeks. Men i forrige uke gikk kurven bratt oppover. But last week was a steep upward curve. 
     
    Rekorduke
    According to the NIPH was all as many as 300,000 Norwegians infected with swine flu only last week. 
     
    – We estimate that just under 630,000 Norwegians are now infected and that nearly 300,000 were infected just last week. There are a large number and it tells us that we are in the middle of a new and powerful wave of infection which is significantly stronger than the one we had this summer, “said Hans Blystad, superintendent at the NIPH. 
     
    He will not mean anything if, or when, we can expect to reach a temporary peak of infection, but said a leveling off of the number of new infected first is probably when even more is vaccinated.Infection estimates of the NIPH is based on reported cases in the last week from 201 physician offices spread across the country, including laboratory tests and how many were diagnosed with “influenza-like illness”. 
       
    14 percent of those who went to the doctor last week had this diagnosis. Of the tests that were done in more detail in the laboratory showed all samples swine influenza virus.
     
    Hospitals
    Svineinfluensavirset has now spread epidemic in the whole country, and is most extensive in the Southeast and West Coast. So far, 772 Norwegians hospitalized in connection with the swine flu pandemic. 94 received intensive treatment, and 16 are dead. 13 of them died in hospital. Yesterday was the 93 people hospitalized, and 20 in intensive care. Deputy Health Director Bjorn Guldvog believe that the number of infected in Norway will increase.
     
    – We believe we are on a rising wave in the number of infected people. But soon, almost all the risk groups vaccinated, so we hope for a avflating in the number of critically ill and died, “said Guldvog. 

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November 12, 2009 Posted by | Medicine & Health | , , | 27 Comments

WHO: Ukraine Could Face Second, Longer Bout of A/H1N1 Flu!

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November 12, 2009 Posted by | Medicine & Health | | 1 Comment

Ukraine Dead Increase to 213 – Still No DNA Sequences!

  • The rate of infections seems to be steadily going down. It has clearly come down from 200,000 per day last week to below 100,000 per day this week. So, this is great news. However, the hospitalization rate of 4,000-5,000 per day is still worrisome. I am not sure how the hospitals are coping. If there are 200 hospitals in Ukraine (population about 48 million), it means an increase of average of 300+ flu patients since end October. I have my doubts there are 200 hospitals in Ukraine!
      
    Recombinomics Commentary 21:36
    November 11, 2009
     
    1,192,481 Influenza/ARI
    62,462 Hospitalized
    213 Dead
     
    The above figures are from the latest update from the Ukraine Ministry of Health.  The biggest increase in cases was again in Kiev, with 6958 new cases report in the past 24 hours.  The 83,243 reported cases is the second highest, which again signals the spread of the virus to the east.  Lviv oblast still has the most cases, 171,781, and deaths, 81.  Only 7 of the 27 reporting locations have not crossed the epidemic threshold, and now most locations have reported deaths (see map).  The jump in reported deaths to 213 represents an increase of 24 in 24 hours and raises concerns that the death toll will continue to rise due to the large number of patients who are still hospitalized (25,968 of the hospitalized patients above have been discharged).
     
    The deaths include the 90 who were detailed previously, but media reports claim that only 17of the 213 are due to swine flu, which is due to the limited testing / collection of samples.  These under-representations of swine flu cases and deaths are widespread and create continual confusion.  The only flu circulating in Europe is swine flu, which accounts for the vast majority of the more than 1 million cases listed above.
     
    The number of cases and fatalities is unusually high, and has raised concerns about the sequences of the H1N1 circulating in Ukraine.  Although earlier announcements from WHO indicated details on the sequences would be forthcoming, such information has been delayed.  The recent release of H1N1 sequences from fatal cases in Sau Paulo, Brazil with receptor binding domain changes at position 225 (D225N and D225G) have raised concerns that similar changes will be present in the Ukraine sequences, leading to more virulence resulting in the hemorrhagic pneumonia described in fatal cases when both lungs were destroyed.  Although such cases have been reported previously, the number of such cases in Ukraine was unusually high.
     
    The sequences at Mill Hill should be released immediately. 

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November 12, 2009 Posted by | Medicine & Health | , | 2 Comments