Hugh Hendry Is Back - Full Eclectica Letter
Hugh
Hendry is back with a bang after a two year hiatus with what so many
have been clamoring for, for so long - another must read letter from
one of the true (if completely unsung) visionary investors of our time:
"I have not written to you at any great length since the winter of
2010. This is largely because not much has happened to change our
views. We still see the global economy as grotesquely distorted by the
presence of fixed exchange rates, the unraveling of which is creating
financial anarchy, just as it did in the 1920s and 1930s. Back then the
relevant fixes were around the gold standard. Today it is the dual
fixed pricing regimes of the euro countries and of the dollar/renminbi
peg."
from KingWorldNews:
John Williams, of Shadowstats, stated in his latest commentary, “The recovery is an illusion.” There are two graphs in this piece from Williams, which show highly manipulated and phony government GDP reporting versus the inflation corrected real GDP. The difference between the two graphs is a shocking revelation of government propaganda at its best. Here is what Williams had to say: “The illusion of an economic recovery continued with today’s (April 27th) headline report of 2.2% growth in first-quarter gross domestic product (GDP) … Official reporting now shows that GDP activity has moved successively higher … Yet, no other major economic series has confirmed that pattern. If the GDP data were meaningful, that circumstance would be nearly impossible.”
Read More @ KingWorldNews.com
John Williams, of Shadowstats, stated in his latest commentary, “The recovery is an illusion.” There are two graphs in this piece from Williams, which show highly manipulated and phony government GDP reporting versus the inflation corrected real GDP. The difference between the two graphs is a shocking revelation of government propaganda at its best. Here is what Williams had to say: “The illusion of an economic recovery continued with today’s (April 27th) headline report of 2.2% growth in first-quarter gross domestic product (GDP) … Official reporting now shows that GDP activity has moved successively higher … Yet, no other major economic series has confirmed that pattern. If the GDP data were meaningful, that circumstance would be nearly impossible.”
Read More @ KingWorldNews.com
Anything The Government Gives You, The Government Can Take Away
"A majority of doctors support measures to deny treatment to smokers and the obese, according to a survey that has sparked a row over the NHS‘s growing use of 'lifestyle rationing'", The Guardian notes, and that’s the trouble with services and institutions run from the taxpayer’s purse, administered by centralists and bureaucrats.
It becomes a carrot or a stick for interventionists to intervene in
your life. Its delivery depends on your compliance with the diktats and
whims of the democracy, or of bureaucrats. It is easier to promote
behaviour desired by the state when a population lives on state
handouts; and increasingly throughout the Western world, citizens are
becoming dependent on the state for their standard of living. With the
wide expansion of welfare comes a lot of power, and the potential for
the abuse of power. Citizens looking for a free lunch or an easier world should be careful what they wish for. Welfare recipients take note: you depend on government for your standard of living, you open yourself up to losing your liberty.Gold Takedown Rejected
Trader Dan at Trader Dan's Market Views - 13 minutes ago
Take a look at the following 5 minute chart and note especially the volume
readings posted below each individual price bar. Look just past the 5:00 AM
Pacific time hour and you will see the enormous volume spike accompanying
the sharp downdraft that occured in the gold price dropping it $15 in the
course of minutes. Analysts are still grasping for an explanation.
The most common is that it was another one of those "fat fingered trades".
Have you ever noticed how many fat fingered human beings apparently camp
out in the trading community. Last time I checked a skinny finger could hit ... more »
Goose-Stepping Hitler-ites Threaten Greece's Utopia
In this case we really do hate to say we-told-you-so but our concerns over social unrest and the rise of extreme nationalism (here, here and here) in an austerity-focused and massively unemployed Europe appear to becoming ever more prescient. Just last week we saw extreme parties in France of all places receive high levels of votes and in a note today from BBC News,
the leader of the Greek Socialist Pasok party, Mr. Creosote himself -
Evangelos Venizelos, told a rally in Patras that voters should not
allow neo-Nazis to "goose-step into Parliament with Hitler salutes". Charting Equity's Hype/Hope
On this slow news and market action day it is worth noting that Equities and Treasuries have dramatically dislocated in the last few days with Treasury yields near multi-month lows and stocks at one-month highs. Whether this is the ($700 billion expected) QE3-trade or a reflection of the increasingly bifurcated world in which we live is unclear but for certain this is the largest disconnect (with equities rich) of the year so far.Is ISDA About To Be Forced To Cave?
Given
the TBTF's dominant oligopoly of the credit derivatives market (due
mainly to the large exchange's unwillingness to act appropriately when
they know the blow-back from their sell-side clients would be
considerable), it is perhaps surprising that ISDA (the body that 'regulates' watches over and determines credit events in the CDS market) is coming under increasing pressure to honor the spirit of CDS contract after the FUBAR debacle surrounding the Greek restructuring. As Katy Burne notes in today's WSJ, ISDA
is set to decide on a revamp of the CDS rules within weeks as pressure
from the buy-side (the other side of the trade obviously) to alter the
legal wording governing what is (and is not) a credit event trigger. "Whether it is a series of small fixes or a root-and-branch rewrite is still to be decided" but we note that the market - as we discussed in depth with regard to Portugal
over the weekend - is becoming more comfortable once again with the CDS
contract as a hedge against 'problems' in the $2.9 trillion sovereign
credit derivatives market. This is without doubt a positive step
- as opposed to the typical silent arrogance of the ISDA or more broad
dismissal of CDS (ban them - they are to blame) arguments that
political leaders will tend to bias to. The simple fact of the matter
is that CDS have been a much less manipulated market indicator of real-money stress than bonds for much of the last four months
and with Portugal's basis normalizing (presumptively on the back of
lower concerns at CDS event risk dislocation), perhaps real-money will
slow its bond selling (choosing to hedge instead) and/or
Italian/Spanish banks will be forced to buy back protection en masse to
cover the huge leap in exposure they have taken on - especially with
the surcharge chatter of Basel III re-appearing.Chris Duane & SGT: The White Knights Coming to Save Us Are ALL OF US, Not Ninjas
by SGT
This horrifying video footage shows just how dire the situation in Fukushima still is, 13 months after the earthquake and tsunami.
The temporary support structure helping to support SFP #4 is at 4:00. The support provided by that temporary structure – which could easily fail in the event of even a moderate earthquake – is all that stands between humanity and the ingredients for an ‘extinction-level’ event. White sheets can be seen covering the completely exposed fuel pool as rain begins to fall, at 6:00.
As IntelHub has reported, The worst-case scenario drawn up by the government includes not only the collapse of the No. 4 reactor pool, but also the disintegration of spent-fuel rods from all the plant’s other reactors. Read More & See VIDEO…
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This horrifying video footage shows just how dire the situation in Fukushima still is, 13 months after the earthquake and tsunami.
The temporary support structure helping to support SFP #4 is at 4:00. The support provided by that temporary structure – which could easily fail in the event of even a moderate earthquake – is all that stands between humanity and the ingredients for an ‘extinction-level’ event. White sheets can be seen covering the completely exposed fuel pool as rain begins to fall, at 6:00.
As IntelHub has reported, The worst-case scenario drawn up by the government includes not only the collapse of the No. 4 reactor pool, but also the disintegration of spent-fuel rods from all the plant’s other reactors. Read More & See VIDEO…
from Gold Seek:
The Bernank is in a pickle. And when Bernank is in trouble, we’re all in trouble.
Why is Bennie in trouble? He is in trouble because he has a debt, or should I say an obligation to Obama for reappointing him Chairman of the Federal Reserve, the Fed. Here’s where the problem lies. In order to fulfil this bond of duty, Bennie and his buddies down at the Fed will need to pull off slight of hand tricks that would put the best of magicians to shame. They will need to keep people’s attention focused on the left hand while the right continues to do their ‘dirty work’. (i.e. print new currency and create inflation at ever-increasing rates.) They will need to print ever-increasing currency because the hollowed out US economy demands it, Presidential election year or not. But of course because this is an election year, and Bennie has this debt to Obama to make the economy appear as good as possible (so he can get re-elected), you can expect the Fed and all their friends in the larger bureaucracy (government, media, etc.) to work overtime creating obfuscation about what they are doing on one hand, while keeping other fingers on the button – the currency printing button. (i.e. think True Money Supply [TMS] growth, unstated Quantitative Easing [QE], and all the other sources of currency printing not accounted for in “conventional money supply measures”.)
Read More @ GoldSeek.com
The Bernank is in a pickle. And when Bernank is in trouble, we’re all in trouble.
Why is Bennie in trouble? He is in trouble because he has a debt, or should I say an obligation to Obama for reappointing him Chairman of the Federal Reserve, the Fed. Here’s where the problem lies. In order to fulfil this bond of duty, Bennie and his buddies down at the Fed will need to pull off slight of hand tricks that would put the best of magicians to shame. They will need to keep people’s attention focused on the left hand while the right continues to do their ‘dirty work’. (i.e. print new currency and create inflation at ever-increasing rates.) They will need to print ever-increasing currency because the hollowed out US economy demands it, Presidential election year or not. But of course because this is an election year, and Bennie has this debt to Obama to make the economy appear as good as possible (so he can get re-elected), you can expect the Fed and all their friends in the larger bureaucracy (government, media, etc.) to work overtime creating obfuscation about what they are doing on one hand, while keeping other fingers on the button – the currency printing button. (i.e. think True Money Supply [TMS] growth, unstated Quantitative Easing [QE], and all the other sources of currency printing not accounted for in “conventional money supply measures”.)
Read More @ GoldSeek.com
IN
OUR common narrative, the modern era of global finance—what we call the
Old Order—begins with the Great Depression and New Deal of the 1930s.
The economic model put in place by President Franklin D. Roosevelt and
others at the end of World War II is seen as a political as well as
economic break point.
by Christopher Whalen, nationalinterest.org
As America comes to accept that there are real limits on its economic and military power, the leading role of the dollar in the global economy eventually may have to end. In that event, the world will face a future with no single nation acting as the guarantor of global security and economic stability. Instead, we may see a world with many roughly equal nations competing for a finite supply of global trade and economic resources, precisely the situation that prevailed prior to World War I. The choice facing all societies going back to the Greeks, Romans, the British Empire and now America seems to lie between using inflation and debt to stimulate economic growth when real production proves inadequate and turning to war to create growth at the expense of others.
Read More @ nationalinterest.org
by Christopher Whalen, nationalinterest.org
As America comes to accept that there are real limits on its economic and military power, the leading role of the dollar in the global economy eventually may have to end. In that event, the world will face a future with no single nation acting as the guarantor of global security and economic stability. Instead, we may see a world with many roughly equal nations competing for a finite supply of global trade and economic resources, precisely the situation that prevailed prior to World War I. The choice facing all societies going back to the Greeks, Romans, the British Empire and now America seems to lie between using inflation and debt to stimulate economic growth when real production proves inadequate and turning to war to create growth at the expense of others.
Read More @ nationalinterest.org
by Saman Mohammadi, Prison Planet:
Reality does not have a liberal bias; it has a conspiracy bias. Liberals and conservatives deny reality when they deny the validity of falsely labeled “conspiracy theories.”
But the denial camp is running out of steam. The documented deception about the Osama Bin Laden assassination provides the proof of reality’s conspiracy bias. These three articles destroy the credibility of the official mythic story of Obama’s takedown of Osama in Abbottabad: ’10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax’ by Paul Joseph Watson; ‘Osama bin Laden’s Second Death’ and‘How Many SEALs Died?’ both by Paul Craig Roberts.
To date, the U.S. government has offered zero evidence that a) Osama Bin Laden was killed on the night of May 1st, 2011, and b) Osama Bin Laden was responsible for the September 11 events. They have not presented to the global public neither photos or videos related to the capture and killing of Osama not because of national security reasons but because they are lying about the story of his death. On top of not providing any evidence to back up their claims, they gave the lame excuse that they buried Osama’s body in the sea. Only fools believe this nonsense.
Read More @ PrisonPlanet.com
Reality does not have a liberal bias; it has a conspiracy bias. Liberals and conservatives deny reality when they deny the validity of falsely labeled “conspiracy theories.”
But the denial camp is running out of steam. The documented deception about the Osama Bin Laden assassination provides the proof of reality’s conspiracy bias. These three articles destroy the credibility of the official mythic story of Obama’s takedown of Osama in Abbottabad: ’10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax’ by Paul Joseph Watson; ‘Osama bin Laden’s Second Death’ and‘How Many SEALs Died?’ both by Paul Craig Roberts.
To date, the U.S. government has offered zero evidence that a) Osama Bin Laden was killed on the night of May 1st, 2011, and b) Osama Bin Laden was responsible for the September 11 events. They have not presented to the global public neither photos or videos related to the capture and killing of Osama not because of national security reasons but because they are lying about the story of his death. On top of not providing any evidence to back up their claims, they gave the lame excuse that they buried Osama’s body in the sea. Only fools believe this nonsense.
Read More @ PrisonPlanet.com
from The American Dream:
When most people think of the economic decline that is happening in
America, most of them think of states like California and cities like
Detroit. In both cases, unemployment is rampant, government finances
are a mess, and businesses and families are both leaving in droves. So
what is causing this? What do California and Detroit have in common?
Well, for one thing, both the state of California and the city of
Detroit have been run by anti-business socialist control freaks for
decades. Once upon a time millions of young Americans that dreamed of a
better life flocked to California and Detroit was one of the most
vibrant manufacturing cities in the history of the world. But now both
of them are in an advanced state of decline, and a lot of the blame can
be placed at the feet of the politicians in both cases. Both
California and Detroit have become very unfriendly places to businesses
and families, so businesses and families have been leaving both
California and Detroit in very large numbers. At the same
time, the socialist welfare policies in both places have caused them to
become magnets for those that enjoy being dependent on the government.
Welfare recipients are not likely to pack up and move down to Texas
because they know that their benefits would not be nearly as good down
there. So both California and Detroit will continue to attract those
that want to live under socialist control freaks and it will continue to
drive away those that do not want to live under socialist control
freaks.
Read More @ EndOfTheAmericanDream.com
When most people think of the economic decline that is happening in
America, most of them think of states like California and cities like
Detroit. In both cases, unemployment is rampant, government finances
are a mess, and businesses and families are both leaving in droves. So
what is causing this? What do California and Detroit have in common?
Well, for one thing, both the state of California and the city of
Detroit have been run by anti-business socialist control freaks for
decades. Once upon a time millions of young Americans that dreamed of a
better life flocked to California and Detroit was one of the most
vibrant manufacturing cities in the history of the world. But now both
of them are in an advanced state of decline, and a lot of the blame can
be placed at the feet of the politicians in both cases. Both
California and Detroit have become very unfriendly places to businesses
and families, so businesses and families have been leaving both
California and Detroit in very large numbers. At the same
time, the socialist welfare policies in both places have caused them to
become magnets for those that enjoy being dependent on the government.
Welfare recipients are not likely to pack up and move down to Texas
because they know that their benefits would not be nearly as good down
there. So both California and Detroit will continue to attract those
that want to live under socialist control freaks and it will continue to
drive away those that do not want to live under socialist control
freaks.Read More @ EndOfTheAmericanDream.com
Information lockdown by Secret Service and city officials
by Paul Joseph Watson, Infowars:
City and federal authorities have reacted bizarrely to the revelation
that the Red Cross has been ordered to prepare for the possible
evacuation of Chicago during next month’s NATO summit by refusing to
acknowledge that the directive came from them.
As we reported last week, Red Cross volunteers in the Milwaukee area were sent an email instructing them that, “The American Red Cross in southeastern Wisconsin has been asked to place a number of shelters on standby in the event of evacuation of Chicago.”
by Paul Joseph Watson, Infowars:
City and federal authorities have reacted bizarrely to the revelation
that the Red Cross has been ordered to prepare for the possible
evacuation of Chicago during next month’s NATO summit by refusing to
acknowledge that the directive came from them.As we reported last week, Red Cross volunteers in the Milwaukee area were sent an email instructing them that, “The American Red Cross in southeastern Wisconsin has been asked to place a number of shelters on standby in the event of evacuation of Chicago.”
According to a chapter Red Cross spokesperson, “Our direction has come from the City of Chicago and the Secret Service.”
However, according to a CBS 2 report, the Secret Service has refused to even acknowledge the issue and “Chicago officials say the plan didn’t come from them.”
Read More @ Infowars.com
by J.D. Heyes, Natural News:
If you’re not familiar with “Washingtonspeak” – that odd, unique
variance of the English language in which words don’t really mean what
they are supposed to mean – you might not know that the lawmakers who
wrote the new Cyber Intelligence Sharing and Protection Act (CISPA)
aren’t really too concerned about the protection aspect of the
legislation, at least as it applies to the general public’s concern
about privacy.
Yes, the word “protection” is in the title, but a closer examination of the language of the bill, as well as its intent, by those who know how things works on Capitol Hill, find that the only “protection” the bill offers is that afforded the federal government.
Read More @ NaturalNews.com
If you’re not familiar with “Washingtonspeak” – that odd, unique
variance of the English language in which words don’t really mean what
they are supposed to mean – you might not know that the lawmakers who
wrote the new Cyber Intelligence Sharing and Protection Act (CISPA)
aren’t really too concerned about the protection aspect of the
legislation, at least as it applies to the general public’s concern
about privacy.Yes, the word “protection” is in the title, but a closer examination of the language of the bill, as well as its intent, by those who know how things works on Capitol Hill, find that the only “protection” the bill offers is that afforded the federal government.
Read More @ NaturalNews.com
Austerity Staggers, Germany Blows Up?
from The Daily Bell:
Hollande’s ‘Growth Bloc’ spells end of German hegemony in Europe … For two years Germany has had its way in Europe, treating historic nations much as Bismarck treated Bavaria – sovereign only in name … The French-led counter-attack and rumblings of revolt through every branch of the EU
institutions last week have brought this aberrant phase of the eurozone
crisis to an abrupt end … “If I am elected president, there will be a
change in Europe’s construction. We’re not just any country: we can
change the situation,” he said. European allies are flocking to his
cause from left and right, he claims. Not even Austria supports
Germany’s austerity drive any longer. This then is the birth of a
Euroland growth bloc with well over 200m people and a commanding
majority vote in the European Council, a defining moment in this saga. Mario Draghi at the European Central Bank
is quickly bending to the new political dispensation with calls for a
“Growth Compact”. The Commission – liberated at last – is finding ways
to “extend deadlines” on fiscal targets. – UK Telegraph
Dominant Social Theme: Everything is under control, and EU austerity is working …
Free-Market Analysis: Here’s another winning analysis from UK Telegraph columnist Ambrose Evans-Pritchard, in our view. As spectacularly wrong as he was about Spain avoiding a collapse (and we called him on it then, months ago) so we think he’s correct about the demise of austerity in Europe.
Read More @ TheDailyBell.com
Hollande’s ‘Growth Bloc’ spells end of German hegemony in Europe … For two years Germany has had its way in Europe, treating historic nations much as Bismarck treated Bavaria – sovereign only in name … The French-led counter-attack and rumblings of revolt through every branch of the EU
institutions last week have brought this aberrant phase of the eurozone
crisis to an abrupt end … “If I am elected president, there will be a
change in Europe’s construction. We’re not just any country: we can
change the situation,” he said. European allies are flocking to his
cause from left and right, he claims. Not even Austria supports
Germany’s austerity drive any longer. This then is the birth of a
Euroland growth bloc with well over 200m people and a commanding
majority vote in the European Council, a defining moment in this saga. Mario Draghi at the European Central Bank
is quickly bending to the new political dispensation with calls for a
“Growth Compact”. The Commission – liberated at last – is finding ways
to “extend deadlines” on fiscal targets. – UK TelegraphDominant Social Theme: Everything is under control, and EU austerity is working …
Free-Market Analysis: Here’s another winning analysis from UK Telegraph columnist Ambrose Evans-Pritchard, in our view. As spectacularly wrong as he was about Spain avoiding a collapse (and we called him on it then, months ago) so we think he’s correct about the demise of austerity in Europe.
Read More @ TheDailyBell.com
from Silver Vigilante:
Student loans are an excellent example of how the modern lending system manifests ancient modes of control. In the United States, long before the modern student loan, for the promise of prosperity thousands of individuals came to the New World as indentured servants. Once they arrived in ‘America,’ ‘twas their job to work to pay off their sail across the pond, an endeavor which lasted years and a decision most young men did not make for themselves. Instead, their fathers worked out the terms and signed the legal papers, handing custodianship of son over to ship captain. Sound familiar?
In the last decade, as student loan debt increased, so too did the price of silver. Both trends are poised to continue over the medium term. (5 years+)
First up is a chart based on New York Federal Reserve data for household debt.
Read More @ SilverVigilante.com
Student loans are an excellent example of how the modern lending system manifests ancient modes of control. In the United States, long before the modern student loan, for the promise of prosperity thousands of individuals came to the New World as indentured servants. Once they arrived in ‘America,’ ‘twas their job to work to pay off their sail across the pond, an endeavor which lasted years and a decision most young men did not make for themselves. Instead, their fathers worked out the terms and signed the legal papers, handing custodianship of son over to ship captain. Sound familiar?
In the last decade, as student loan debt increased, so too did the price of silver. Both trends are poised to continue over the medium term. (5 years+)
First up is a chart based on New York Federal Reserve data for household debt.
Read More @ SilverVigilante.com
by Steve St. Angelo, Silver Investing News:
Let’s look at the important factors that will impact silver in the future:
CRITICAL FACTOR #1: Controlling Silver Market Sentiment
CRITICAL FACTOR #2: Energy Supply & Diesel Consumption
CRITICAL FACTOR #3: Declining Average Ore Grades
CRITICAL FACTOR #4: Future Silver Mine Supply
CRITICAL FACTOR #5: Nationalization & Monetization of Precious Metals
Unfortunately, the majority of the public gets their news from the TV and mainstream media. From this perspective, gold is only something to be hocked at the pawn shop or to be sold to those rip-off gold dealers advertised on late night TV. Silver, on the other hand, is totally off their radars altogether. Very few individuals understand the real reason to buy and hold precious metals.
Currently, the world is witnessing the disintegration of the global fiat monetary system.
Read More @ SilverInvestingNews.com
Let’s look at the important factors that will impact silver in the future:
CRITICAL FACTOR #1: Controlling Silver Market Sentiment
CRITICAL FACTOR #2: Energy Supply & Diesel Consumption
CRITICAL FACTOR #3: Declining Average Ore Grades
CRITICAL FACTOR #4: Future Silver Mine Supply
CRITICAL FACTOR #5: Nationalization & Monetization of Precious Metals
Unfortunately, the majority of the public gets their news from the TV and mainstream media. From this perspective, gold is only something to be hocked at the pawn shop or to be sold to those rip-off gold dealers advertised on late night TV. Silver, on the other hand, is totally off their radars altogether. Very few individuals understand the real reason to buy and hold precious metals.
Currently, the world is witnessing the disintegration of the global fiat monetary system.
Read More @ SilverInvestingNews.com
by Shivom Seth, MineWeb.com
Gold is near the crucial $570 per ten gram ($1773/ounce) mark in India, with most traders insisting that gold could cross another record soon with the Indian, U.S. and Eurozone economies all seen as faltering
For the first time ever, gold appears to be nudging the $570.77 (Rs 30,000) per ten gram mark in India, driven by consistent investment and speculative demand in the country. Gold prices have surged all of last week to touch a new peak at the bullion market, with prices edging past the crucial $562 per ten gram mark on Saturday. Because of the premium paid for gold on Indian markets this price level, equivalent to around $1773/oz, is higher than that quoted on Western markets.
The precious metal appears to have staged a comeback, rising nearly $12 per 10 gram over the last week.
Read More @ MineWeb.com
Gold is near the crucial $570 per ten gram ($1773/ounce) mark in India, with most traders insisting that gold could cross another record soon with the Indian, U.S. and Eurozone economies all seen as faltering
For the first time ever, gold appears to be nudging the $570.77 (Rs 30,000) per ten gram mark in India, driven by consistent investment and speculative demand in the country. Gold prices have surged all of last week to touch a new peak at the bullion market, with prices edging past the crucial $562 per ten gram mark on Saturday. Because of the premium paid for gold on Indian markets this price level, equivalent to around $1773/oz, is higher than that quoted on Western markets.
The precious metal appears to have staged a comeback, rising nearly $12 per 10 gram over the last week.
Read More @ MineWeb.com
from ENE News:
This image was published on the photo blog of Takashi Morizumi. It
appears Dr. Satoshi Mori was responsible for the x-ray-like view showing
black dots spread throughout the body of a small bird from Iitate
Village. The dots are said to be radioactive particles of Cs-137
internalized by eating contaminated insects.
“Takashi Morizumi is a photojournalist who covers topics in Japan and overseas such as the effects of US military bases and environmental problems. In particular, since the later half of the 90s, he has covered the damages caused by nuclear mining, testing, power plants, and the use of depleteted uranium and other nuclear weapons.”
Read More @ ENEnews.com
This image was published on the photo blog of Takashi Morizumi. It
appears Dr. Satoshi Mori was responsible for the x-ray-like view showing
black dots spread throughout the body of a small bird from Iitate
Village. The dots are said to be radioactive particles of Cs-137
internalized by eating contaminated insects.“Takashi Morizumi is a photojournalist who covers topics in Japan and overseas such as the effects of US military bases and environmental problems. In particular, since the later half of the 90s, he has covered the damages caused by nuclear mining, testing, power plants, and the use of depleteted uranium and other nuclear weapons.”
Read More @ ENEnews.com
from The Daily Bell:
Canada
Introduces New Plastic Currency … Canada may be permanently swapping
paper for plastic, providing its recently-released polymer $100 note is
well-received. The brand new bill was put into circulation starting Nov.
14, with $50 and $20 bills scheduled for 2012 and $10 and $5 bills
slotted to come out in 2013. Polymer currencies, first developed in the
1980s in Australia, have helped countries cut back on counterfeit bills.
Australia introduced polymer cash in 1988. A transparent maple leaf and
a clear portion on the left side of the bill with holographs that
change color in the light are designed to foil counterfeiters attempting
to create fake notes. – ABC News
Dominant Social Theme: Cash evolves like everything else. Eventually we’ll get rid of it. In the meantime we’ll make it look as much like a credit card as possible.
Free-Market Analysis: Used to be that money was at least in part gold and silver, circulating as gold and silver or as bank notes that represented gold and silver.
Read More @ TheDailyBell.com
Canada
Introduces New Plastic Currency … Canada may be permanently swapping
paper for plastic, providing its recently-released polymer $100 note is
well-received. The brand new bill was put into circulation starting Nov.
14, with $50 and $20 bills scheduled for 2012 and $10 and $5 bills
slotted to come out in 2013. Polymer currencies, first developed in the
1980s in Australia, have helped countries cut back on counterfeit bills.
Australia introduced polymer cash in 1988. A transparent maple leaf and
a clear portion on the left side of the bill with holographs that
change color in the light are designed to foil counterfeiters attempting
to create fake notes. – ABC NewsDominant Social Theme: Cash evolves like everything else. Eventually we’ll get rid of it. In the meantime we’ll make it look as much like a credit card as possible.
Free-Market Analysis: Used to be that money was at least in part gold and silver, circulating as gold and silver or as bank notes that represented gold and silver.
Read More @ TheDailyBell.com
from The Economic Collapse Blog:
What
happens when debt-fueled false prosperity disappears? Just look at
Spain. The 4th largest economy in Europe was riding high during the
boom years, but now the Spanish economy is collapsing with no end in
sight. When a debt bubble gets interrupted, the consequences can be
rather chaotic. Just like we saw in Greece, austerity is causing the
economy to slow down in Spain. But when the economy slows down, tax
revenues fall and that makes it even more difficult to meet budget
targets. So even more austerity measures are needed to keep debt under
control and the cycle just keeps going. Unfortunately, even with all of
the recently implemented austerity measures the Spanish government is
still not even close to a balanced budget.
Read More @ TheEconomicCollapseBlog.com
What
happens when debt-fueled false prosperity disappears? Just look at
Spain. The 4th largest economy in Europe was riding high during the
boom years, but now the Spanish economy is collapsing with no end in
sight. When a debt bubble gets interrupted, the consequences can be
rather chaotic. Just like we saw in Greece, austerity is causing the
economy to slow down in Spain. But when the economy slows down, tax
revenues fall and that makes it even more difficult to meet budget
targets. So even more austerity measures are needed to keep debt under
control and the cycle just keeps going. Unfortunately, even with all of
the recently implemented austerity measures the Spanish government is
still not even close to a balanced budget.Read More @ TheEconomicCollapseBlog.com
by Matt Roper, Daily Mail:
Probe found four Obama officials hired prostitutes in Brasilia nightclub – It comes a week after scandal over the President’s Security Staff using prostitutes in Colombia.
American marines injured a Brazilian prostitute after throwing her out of an official Embassy car, it was reported today.
Romilda Ferreira was left with a broken collar bone, two broken ribs and a punctured lung after the incident in Brazil’s capital Brasilia.
The three marines on a U.S. Embassy security team, and an Embassy staff member, were pulled out of the country before police were able to press charges, according to Brazil’s Jornal Nacional programme.
This latest incident, which happened in November last year, came to light after U.S. Defense Secretary Leon Panetta, in Brazil during a Latin American tour, was questioned about it by a Brazilian reporter during a press conference.
Read More @ DailyMail.co.uk
Probe found four Obama officials hired prostitutes in Brasilia nightclub – It comes a week after scandal over the President’s Security Staff using prostitutes in Colombia.
American marines injured a Brazilian prostitute after throwing her out of an official Embassy car, it was reported today.Romilda Ferreira was left with a broken collar bone, two broken ribs and a punctured lung after the incident in Brazil’s capital Brasilia.
The three marines on a U.S. Embassy security team, and an Embassy staff member, were pulled out of the country before police were able to press charges, according to Brazil’s Jornal Nacional programme.
This latest incident, which happened in November last year, came to light after U.S. Defense Secretary Leon Panetta, in Brazil during a Latin American tour, was questioned about it by a Brazilian reporter during a press conference.
Read More @ DailyMail.co.uk
from The Daily Bell:
Fox TV news is no doubt conservative in its political and economic outlook, although it’s by no means libertarian, even civil libertarian. John Stossel is constantly debating with Bill O’Reilly about civil libertarian issues such as the fascist drug laws of the country. Judge Andrew Napolitano, who no longer has his own libertarian program but is still referred to as Fox TV’s expert on legal matters, including the U. S. Constitution, has no patience with denying gays the right to marry or other right wing causes. The roundtable programs on Fox usually include an intelligent left of center voice, even on the Fox business channel.
Of course, people like O’Reilly and Sean Hannity are no-holds-barred right wingers, at least as this is understood in American culture in our time (although critics who throw around the label usually make no distinction between a Right Wing outlook such as the Latin American fascist sort now exhibited by Venezuela’s Leftist Hugo Chavez and that espoused by Mitt Romney, for example).
Read More @ TheDailyBell.com
Fox TV news is no doubt conservative in its political and economic outlook, although it’s by no means libertarian, even civil libertarian. John Stossel is constantly debating with Bill O’Reilly about civil libertarian issues such as the fascist drug laws of the country. Judge Andrew Napolitano, who no longer has his own libertarian program but is still referred to as Fox TV’s expert on legal matters, including the U. S. Constitution, has no patience with denying gays the right to marry or other right wing causes. The roundtable programs on Fox usually include an intelligent left of center voice, even on the Fox business channel.
Of course, people like O’Reilly and Sean Hannity are no-holds-barred right wingers, at least as this is understood in American culture in our time (although critics who throw around the label usually make no distinction between a Right Wing outlook such as the Latin American fascist sort now exhibited by Venezuela’s Leftist Hugo Chavez and that espoused by Mitt Romney, for example).
Read More @ TheDailyBell.com
by Ben Traynor, MineWeb.com
Gold prices remained steady around the $1,650 mark on Friday heading for its seventh successive Friday PM gold fix between $1600 and $1700 an ounce.
SPOT MARKET prices to buy gold remained steady around $1650 an ounce during Friday morning’s London trading – well within their range from mid-March – as stock markets and commodity prices were also flat and US Treasury bonds gained following a credit ratings downgrade for Spain.
Heading into the weekend, gold looked set to record its seventh successive Friday PM gold fix between $1600 and $1700 an ounce.
Read More @ MineWeb.com
Gold prices remained steady around the $1,650 mark on Friday heading for its seventh successive Friday PM gold fix between $1600 and $1700 an ounce.
SPOT MARKET prices to buy gold remained steady around $1650 an ounce during Friday morning’s London trading – well within their range from mid-March – as stock markets and commodity prices were also flat and US Treasury bonds gained following a credit ratings downgrade for Spain.
Heading into the weekend, gold looked set to record its seventh successive Friday PM gold fix between $1600 and $1700 an ounce.
Read More @ MineWeb.com
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