The lunacy of our media is easily seen when it talks about say, oil prices or the value of the dollar in international markets. High gasoline prices in the US are due to many forces: the value of the dollar has been deliberately manipulated by our Federal Reserve to make it weaker vis a vis the euro and yen and this obviously makes it less valuable when buying oil, for example. This, in turn, hits US consumers in food and fuel buying power. Inflation rages in these areas here. The media refuses to explain so people get mad at politicians, nearly all of whom work for AIPAC and thus, Israel, and therefore, don’t give a heck about the other problems we face.
This is true in all the budget debates: money spent on many wars against a billion Muslims is off the table as well as money for Israel while money for absolutely everything we need here is being cut. People are unhappy and go after AIPAC politicians only to vote for more AIPAC politicians. Ditto with Wall Street: no blame is placed there while Wall Street money bag men run for Congress except those who are the bribers like Romney. We are stuck between a rock and a hard, hard place and we are not the only people stuck. Our top allies are also doomed.
Today’s oil prices are the product of years and decades of exploration, automobile design and ingrained consumer habits combined with political events in places such as Sudan and Libya, anxiety about possible conflict with Iran, and the energy aftershocks of last year’s earthquake in Japan. “This notion that a politician can wave a magic wand and impact the 90-million-barrel-a-day global oil market is preposterous,” said Paul Bledsoe, strategic adviser to the Bipartisan Policy Center and a former Clinton administration official.
The ‘political events’ are actually US wars. The ‘event’ in Iran is the US-engineered boycott of oil from Iran. The US has used up vast oceans of diplomatic capital strong arming many countries into destroying themselves by running this unfortunate boycott. The Iranians laugh at us because they know if the boycott hurts them, it hurts us much more. They are in a race with time: will the US finally blow up and attack Iran or will the US slide into bankruptcy like Russia did after 10 years of invading Afghanistan?
I would place my bets on the US violently attacking Iran illegally. The US has become more and more a rogue nation as time passes. We now assassinate even Americans. We think unlawfully entering foreign countries to openly machine gun down families is heroic. We think we can pick and choose who gets ‘whacked’ as the Mafia puts it. We went from ‘whacking’ South and Central American elected governments to whacking murderous assassin groups on the other side of the planet who love playing Mafioso-style wars of attrition. They practically invented this.
Due to economic woes here in the US brought about by the floating fiat currency system and free trade, the US public is becoming more defensive and angry at foreigners. Only, this ire is often aimed at the wrong people and our media owners wish this to continue. The media owners want all of Islam to be crushed so we want this. Also, the ancient battles of the Christians versus the Jews versus the Muslims is being heated up in preparation for the Apocalypse. All of this is bad, of course. But addictive. Easy to grasp, the End of Times hysteria is deeply embedded in human minds and leads to mindless violence.
Even La Belle France is going Madame Defarge as Sarkozy Delivers Ultimatum To EU On Schengen, “Buy European” – WSJ.com
French President Nicolas Sarkozy delivered a stern ultimatum to the European Union at an election rally Sunday, saying France will withdraw from the Schengen accords, which allow free circulation within most of the bloc’s borders, unless the E.U. hardens its immigration policy.
The incumbent president, who is trailing Socialist rival Francois Hollande in polls, also said that–if re-elected–he will demand its EU partners pass a “Buy European Act” similar to the “Buy American Act” adopted by the U.S., which required the government to prefer U.S.-made products in its purchases. Failing significant progress within the year, France will apply the rule unilaterally, he said.
Actually, this is happening all over Europe. In England subjects were enraged with the news that of one million jobs created in the last two years, 90% of these went to foreigners. The problem of immigration is big. As it is in the US. The left lost a lot of power with the main voting population due to support of illegal aliens, for example. Just as the support for heavy energy taxes to stop global warming fell flat due to high energy costs suddenly shooting upwards at a mad rate.
Nationalism and protectionism always surges when there is an economic collapse caused by free trade and easy credit. This is an iron rule of politics which a lot of people wish wasn’t a law but alas, it is. Pretending it doesn’t happen leads to gross miscalculations by liberals. Libertarians are at fault, too. They love ‘free trade’ and can’t understand why masses would want protection from foreign competition.
Here is one example: Japanese Teachers Fight Flag Salute, National Anthem Enforcement. Teachers who refuse to sing the anthem are punished. In Israel, the Jews want to punish Palestinians who refuse to sing odes to the Jews-only state. In Japan, fear of dissension is rising as the geiger counter numbers shoot upwards. Distracting people from the problems of the collapse of democracy, the right wingers are going full-bore nationalist in an ugly way: Oral exam: Osaka principal watched teachers’ lips in national anthem crackdown.
I remember during the Cold War when the government became very involved in forcing people to make empty patriotic gestures. The US recently went through this after 9/11. Questioning anything involved with our government’s focus on attacking Muslims was verboten. People who talked about religion and war in a negative way were banned from mainstream online forums. Our government imposed draconian laws that ripped up the Constitution without a peep from a corrupt and religiously unbalanced Supreme Court.
The banking system is collapsing still as assets vanish. We saw this recently with banks holding Greek debt losing 60% of its value. This is a severe loss of assets. Remember: debts held by banks are assets…for them. Default leads to a credit crunch since they can’t use debts being paid as a basis for further lending. The IMF that depends on Europe, Japan and the US for funding is collapsing due to all this, too. So, the BRIC nations are reconsidering how things will work in the future: A World Bank for a new world – Opinion – Al Jazeera English
The world is at a crossroads. Either the global community will join together to fight poverty, resource depletion and climate change, or it will face a generation of resource wars, political instability and environmental ruin.
The World Bank, if properly led, can play a key role in averting these threats and the risks that they imply. The global stakes are thus very high this spring as the Bank’s 187 member countries choose a new president to succeed Robert Zoellick, whose term ends in July.
There it is: the ‘liberal’ agenda. Get rid of ‘poverty’ and resource depletion without forcing Chinese-levels of birth control on out of control nations, for example (Muslim and Catholic countries, for example). The world is at a crossroads: liberal free markets are imploding and wars are exploding. Here is from the future center of world banking, the creditor nation power, China: Central Bank meets the press – Xinhua | English.news.cn
BEIJING, March 12 (Xinhua) — The governor of China’s central bank said Monday that a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest uncertainty for China’s economy this year. Full story
BEIJING, March 12 (Xinhua) — A trade deficit in the first two months this year and its impact on the exchange rate of Renminbi is “a good thing” for China, the governor of China’s central bank said Monday. Full story
BEIJING, March 12 (Xinhua) — Hu Xiaolian, deputy governor of the People’s Bank of China, the central bank, said here Monday that the central bank is not planning to issue larger denomination banknotes in the short term. Full story
BEIJING, March 12 (Xinhua) — China’s chief foreign exchange regulator said Monday China will continue to implement the principle of diversifying its investment in foreign bonds, saying its holdings of eurozone bonds did not register losses as a portfolio. Full story
Both China and Japan are now running trade deficits and this is mainly due to the catastrophes in Japan for China exports heavily to Japan. The high price of oil is also responsible. Commodities Drop on Chinese Trade Deficit this deficit being the biggest in 22 years. And big is isn’t…compared to the US deficits that raged now for over 20 years. US Trade Deficit Surged to 3-Year High in January is bad news for us and it is also due to high oil import costs.
The volume may be down but the price is up. And this is entirely and totally the fault of our government. The GOP yells about how this is Obama’s fault yet 99% of them support the boycott of Iran’s oil! The US trade deficit for January was $52 billion. If this continues for 12 months, it would mean at least a quarter trillion this year. YIKES.
Japan is desperate to export to the US so the BOJ boosts lending by Y2 tril; leaves rates unchanged. Clinging to ZIRP, I see all the major economies being stuck on the The Raft of the Medusa. Cut off from capital, the world economies all drift on the oceans as millions are killed or starve. The elites sail onwards in their Medusa ship. Medusa, by the way, is one of the denizens of the Cave of Wealth and Death. To look at Her, you turn to stone.
Japan is playing several schizophrenic games, yelling at China, insulating China, begging China, threatening China with US troops and ships and in general, going insane. But relentlessly, the Chinese communists continue to reel in the howling Japanese government, tugging at its line as it is reeled in: Japan to buy Chinese gov’t bonds for first time
Under the deal, Beijing gave the nod for Tokyo to buy 65 billion yuan ($10.3 billion) in Chinese public debt, but completing the purchase “will take several months” because of administrative requirements, he said….
…China has already been investing in Japanese government debt in an apparent bid to diversify some of its currency reserves—the world’s biggest—into yen amid concerns about Europe’s debt crisis and prospects for the US dollar.
The December deal, following talks between the Japanese and Chinese premiers in Beijing, aimed to include “supporting sound development of the yen-denominated and the yuan-denominated bond markets.”
…The Asian economic powers also agreed to promote the use of their currencies in bilateral transactions—such as yuan-denominated foreign direct investment by Japanese companies in China—to reduce foreign exchange risks.
Despite frequent spats over animosities from Japan’s 1930s invasion of China and lingering territorial claims, China is Japan’s largest trading partner. But about 60% of their mutual trade is denominated in U.S. dollars.
Many countries are being encouraged by China to do this. To reel in the world’s #3 economy in this way is a HUGE win for China and of course, this news is being ignored in the US and I fear, even readers of my blog might miss it if they don’t read all the stuff I spew here. (Joking, of course!)
Both the US and Japanese elites play this game of using ‘charities’ as funding systems for getting richer: Get rid of money-wasting foundations, ‘amakudari’ before hiking taxes ‹ Japan Today: Japan News and Discussion
Amakudari has two standard patterns. In the first, a bureaucrat accepts a post-retirement position with a private company falling within his or her official jurisdiction. It’s a win-win arrangement, with only the public losing – the company gains influence in official circles, the bureaucrat secures an enviable post-retirement income the prospect of which, critics say, is a perpetual temptation to selectively relax bureaucratic enforcement of regulations.
The second pattern involves an array of government-supported “foundations” whose raison d’etre is often murky and which exist, some observers argue, less for their ostensible functions than to provide retiring bureaucrats with a dignified job title and easy money.
Exhibit A in its case against the “zombies” is the Digital Broadcast Promotion Agency (DPA), established in 2007 to help smooth the path from analog to digital broadcasting. The total budget earmarked for this purpose in fiscal 2012, more than 80% of it covered by government subsidies, is 30.5 billion yen, with 20-odd billion yen going to DPA. These amounts are only a very little less than last year’s – which is odd, says Friday, given that the transition to digital broadcasting was completed last July.
…“It is true that digitalization is complete,” DPA board member Toshifumi Kitahara tells Friday. “But that doesn’t mean our work is done. There remain matters still to be settled, and it all takes money.” What those matters are either Kitahara or Friday does not say.
Like vampires, the game is to suck the system dry. Japan is going bankrupt. There are no reforms in sight any more than either party in the US intend to reform things here. The game is to see how much debt can be piled on the people of Japan and the US (and UK, too) before the bankruptcy comes and forces these looters to then cut social services to the peasant masses.
Japan’s mountain of debt per capita is bigger than the US load and it runs at a higher rate so the end is neigh for Japan. The Fukushima business is just one more nail in Japan’s coffin: Retailers report surging demand for disaster and emergency goods.
Japan struggles to handle plutonium as fast-breeder reactor project becomes unrealistic while Concern over Americium-241 contamination of soy beans around Fukushima — Legumes easily absorb highly toxic product of Plutonium-241 and High radioiodine levels found in thyroids of Fukushima residents post-meltdown so of course, Fukushima hit by M4.5 quake followed by M4.4 yesterday (MAPS).
Asahi: Serious concerns about whether depopulation now a reality — Entire mountainsides to be removed? Bleak hardly does justice to assessments of Fukushima Pref. future. Chernobyl and Afghanistan destroyed the Soviet Union.
The US/Japan axis in Asia is being torn to bits the exact same way. There is no easy fix for any of this. The recent awful news from Afghanistan has caused Congress/Knesset to dig in their heels even as polls show Americans are finally weary of this war. And egging us into a war with Iran and even Syria continues in the face of general refusal to demand wars despite the propaganda machine’s operations.
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