EDITORIAL: Make Love, not War MAGAZINE: Vogue Italia September 2007 MODELS: Agyness Deyn, Missy Rayder, Caroline Trentini, Raquel Zimmermann,
Julia Stegner, Daniel Pimentel, Blaine Cook, CHad Dunn, Chad White, Isaac Haldeman,
Nathan Nesbitt, Oraine Barrett, Rodrigo Calazans, Travone Hill PHOTOGRAPHER: Steven Meisel CREDIT:www.style.it
In the September issue of Italian vogue, fashion photographer Steven Meisel (the man behind Madonna’s controversial Sex book) stirs up controversy with his glamorized imagery of the war in Iraq. His ‘Make Love Not War’ series (mostly) depicts sweaty, dirty soldiers in the middle of a war-zone interacting with models in a very “heated fashion” Apparently, claims are being made by ‘Women In Media and News’ suggesting this series of photographs are pornographic and evoke sexualizations of horrific situations, also saying that violence is erotic. Am quiet certain everyone would agree by this “surface” reading, but is that the point of the message? What do they mean to you? Check out the rest.
Seems like these stories about pirates just get ignored.... but things are heating up...
...wobei was Gordon Brown schreibt, scheint mir vernünftig
Zitat von GordonBrown
Ein Wort zum Commodity Hype insbesondere Öl:
Ich war vor einigen Wochen nach Dubai eingeladen und wir sprachen natürlich auch über die Commodity-Märkte. Du Jungs da drüben sollten sich ja die Plauze lachen über die schön hohen Preise. Doch dem ist nicht so.Den der schwache Dollar macht ihnen die Freude zu nichte. Da ist auch nicht die Rede von peak-Oil und der enormen Nachfrage aus China. Das können die alles liefern. Aus deren Sicht ist Öl und andere Rohstoffe wie ein Perpetuum Mobile. Die Araber,Russen, Südamerikaner und Afrikaner ziehen den Ölpreis hoch wegen des schwachen Dollar. Die Hedgefonds stürzen sich auch drauf, weil sie ja irgendwie geld verdienen müssen. Uns so bleibt alles oberhalb seines Fair Value. Die Presse macht dann daraus ein Weltuntergangsszenario mit Peak Oil und Hungerkatastrophen.
Mit Hochdruck arbeiten die Leute die mich eingeladen haben an einer eigenen Währung für den arabischen Raum, die ähnlich bedeutend ist wie GBP,USD.EURO oder JPY. In dem Moment wenn das Geschehen ist, wird Öl aus diesem Raum nur noch in ihrer Währung fakturiert.Sobald dies passiert, wird der aktuelle Preis nicht mehr gehedgt werden müssen.Er würde dann wieder in Richtung Fair Value wandern. Fair Value liegt aus deren Sicht bei ca. 80-85 USD. Die Jungs sind auch nicht besonders glücklich mit der Situation,da sie ja wissen, dass sie die nachfrage mit hohen preisen drücken und alternative energie fördern.
Das einzige Problem das ich sehe, ist das sich ein Haufen netter Araber einigen.....
Doch wenn, korrigiert der Ölpreis von alleine.
......wow this is just like religion, we put our faith in a person(s). I am not saying I do not follow any guru, I just don't. I think we want to hear what we want to hear, If we are gold bugs and a guru tells you gold will go through the roof its what you like to hear, if Jim said the gold run is over and expects it to drop 20-30% what would you think of him now? would you sell?
Earth Day und Earth Week: Weltweite Aktionen zum Schutz unserer Umwelt Der Earth Day findet alljährlich am 22. April weltweit in über 150 Ländern statt. Das Earth Day-Motto, "Global denken, lokal handeln", soll deutlich machen, dass es hier nicht nur um das heutige Wohlbefinden der Menschen geht. Gesunde Erde heißt gesunde Umwelt und lebenswerter Ort für die Zukunft. Dies bedeutet eine Verwirklichung der Visionen des UN-Erdgipfels in Rio 1992 in den Städten und Gemeinden, am Wohnort.
SEC refuses to say why Bear enquiry dropped: report
2 hours, 29 minutes ago
NEW YORK (Reuters) - Regulatory officials turned down a congressional request to reveal why they aborted an inquiry into whether Bear Stearns Cos (BSC.N) improperly valued complex debt securities, hurting investors in the process, the Wall Street Journal reported on Wednesday.
The U.S. Securities and Exchange Commission cited confidentiality for its decision, the report said.
Sen. Charles Grassley, an Iowa Republican, sent the SEC a letter on April 2 asking for details on why the regulatory body dropped its investigation into the Wall Street firm, the Journal said.
The report added that SEC Chairman Christopher Cox replied in an April 16 letter, saying: "The Commission does not disclose the existence or nonexistence of an investigation or information generated in any investigation unless made a matter of public record in proceedings brought before the Commission or the courts."
Bear Stearns agreed last month to be bought by JPMorgan Chase & Co (JPM.N) for $10 a share in an all-stock transaction to save it from bankruptcy.
The SEC and Bear Stearns were not immediately available for comment.
The food crisis got worse yesterday just as it seems to get worse as each week passes. CostCo (COST) is having to limit fulfilling huge orders for items like flour. According to Reuters "with global tensions over food supplies mounting, prices of world staples rice and corn surged on Tuesday amid strong demand and concerns over slow planting of the new U.S. corn crop."
Not only is the problem of rising food costs increasing inflation; it is cutting away at the world's ability to feed the poor.
At recent G-7 finance minister meetings and the IMF gathering, food prices were identified, by many measures, as being a larger issue for the global economy than the credit crisis which is doing so much damage to financial market liquidity.
According to The Wall Street Journal "Surging commodity prices have pushed up global food prices 83% in the past three years -- putting huge stress on some of the world's poorest nations." Food inflation rates in China are nearly 20%.
Feeding the starving sits way higher on the set of priorities for food supply than inflation does, but solving the two problems is related in almost all ways, and, it defies resolution in almost every way.
There are, at least, possible solutions to the rising price of oil. OPEC may see that its actions are gutting the GDP growth of many nations and decide that its is their own best interest not to see the global financial ecosystem come apart at the seams. The US could let out some of the petrol in the strategic oil reserves. The action, by itself, might push down speculation in oil and bring crude down by several dollars.
The credit issues plaguing banks and seizing up the capital markets has the potential, at least, of being resolved over the next year by central banks pumping money into the system.
Food supply and demand has no central system for driving a resolution, no central banks or oil cartel.
Many of the world's leaders believe the US is at fault for much of the food shortage. They reason that selling crops for biofuels is a profitable but cruel use of a commodity which is in short supply. There is some truth in the finger pointing, but it is not the whole truth.
Crop yields in large agricultural economies like the US, Canada, and Russia is at an all-time peak, Better land management, fertilizer, and seed have seen to that. But, the sad fact is that the number of the world's poor and under-nourished grows with the global population increase and war pushes more and more people off of producing land and into huge refuge camps which grow no crops by have an unusually immediate need for food.
With food production worldwide running at levels which are unlikely to rise and the number of people who need food for survival moving up, there is no ready solution to bringing down the inflation rate of agricultural commodities.
Unless and until the central banks are willing to underwrite the cost of food by purchasing commodities and selling them below market nothing will happen. They have taken bad paper from banks in exchange for good cash. Some counties, like China, already underwrite the cost of fuel to keep their economies growing.
Bring down food prices involves buying up the fruits of the global farming system and "loaning" it to many of the world's nations. But, who has a check-book that large?
Douglas A. McIntyre - http://www.247wallst.com/
Central Banks - den Betrügern und Zockern noch mehr Geld in den Ar*** schieben - dafür die Ärmsten verrecken lassen
One-fifth of corn and almost one sixth of the U.S. grain harvest overall goes toward ethanol production, according to the institute’s report. And while the world’s production of grain will grow by about 20 million tons this year, 70 percent of the increase could be used to generate ethanol for U.S. automobiles, Brown says.
Harvests of corn and other crops are likely to be drawn into a tug of war between people's need for food and their need for fuel, agricultural economists say.
Corn is the most cost-efficient and popular raw material used in the United States to make ethanol. That's important because the fuel has gotten increasingly competitive with gasoline as oil prices have risen.
FUEL VS. FOOD. Cars such as this one, which burns fuel that's 85 percent corn-derived ethanol and just 15 percent gasoline, could compete with people for the 280 million tons of corn harvested annually in the United States.
Department of Energy
"The lines between the food economy and the energy economy [are] becoming blurred," says agricultural economist Lester R. Brown, president of the Earth Policy Institute in Washington, D.C. Last week, his organization issued an economic analysis on the subject.
The analysis found an emerging "competition between the 800 million people who own automobiles and the 2 billion low-income people, many of whom already spend over half their income on food," Brown says. Furthermore, he says, "taxpayers may be subsidizing a rise in their own food prices."
To encourage the use of alternative fuels, U.S. law subsidizes ethanol production at 51 cents per gallon and production of other so-called biofuels at up to $1 per gallon. Those incentives tempt farmers to sell crops to biofuel distilleries or, if they instead sell to food manufacturers, to demand higher prices than they otherwise would.
One-fifth of corn and almost one sixth of the U.S. grain harvest overall goes toward ethanol production, according to the institute's report. And while the world's production of grain will grow by about 20 million tons this year, 70 percent of the increase could be used to generate ethanol for U.S. automobiles, Brown says.
Combustion vs. consumption
"Ethanol plants [are] being built, and they're starting to pull more corn their way," comments agricultural economist Chad E. Hart of Iowa State University in Ames. "We're seeing already higher projected prices than normal for the 2007 crop."
Predicting that the growth of the ethanol industry could drive up food prices as early as next year, Hart notes that corn futures are trading at about $3 per bushel, or about 50 cents higher than usual.
With demand for corn rising, production is also likely to increase, Hart says. Higher corn prices will lure farmers to devote more acres to cultivating corn and fewer to other crops. That, he says, will encourage "an across-the-board increase in crop prices"—as well as in the price of animal feed derived from such crops.
"If corn price goes up, you'll probably feel it more in the cost of your steak than the cost of your cornflakes," Hart says.
Processing, packaging, and distribution costs account for more than 90 percent of the commercial price of cornflakes, bread, and other grain-based products. "Most of the cost of [products such as] bread is not in the cost of the raw materials," Hart says.
By contrast, the cost of feed for animals and other expenses incurred on livestock farms account for about half of the commercial price of meat and eggs, and nearly a third of the cost of cheese. Therefore, Hart says, higher corn prices aren't likely to translate into penny-for-penny increases in food costs.
In addition, Hart says, byproducts of ethanol production from corn, such as corn-gluten meal, can be used to feed livestock. That way, not all the corn used to make fuel is diverted from the food supply.
"So the price impact on livestock products will likely be relatively small in comparison to the change in corn prices," he says.
A technological shift away from corn-based ethanol toward ethanol made from non-crop plants could eventually reverse the anticipated rise in crop costs, Hart says.
But if ethanol remains the primary alternative fuel in the United States, a possible replacement for corn could be cellulose from other plants. A weedy plant called switchgrass, for instance, is a productive source of that material, and the plant can be grown in abundance on land unsuitable for crops.
Of a mostly switchgrass-based ethanol industry, Hart says: "While it's technically feasible, it's not commercially viable at this time. For the U.S., corn is the best model going right now."
Politik - International Indien spricht USA das Recht ab, über Irans Atomwaffen zu urteilen
18:05 | 23/ 04/ 2008
NEU DELHI, 23. April (RIA Novosti). Die USA sollen sich laut dem indischen Außenminister Pranab Mukherjee nicht das Recht anmaßen, zu urteilen, ob Iran Atomwaffen herstellt oder nicht.
Am Montag hatte das US State Department Indien aufgerufen, den iranischen Präsidenten Mahmud Ahmadinedschad, der am 29. April nach Neu Delhi kommt, unter Druck zu setzen und zum Verzicht auf das Atomprogramm zu bewegen.
"Wir haben den USA empfohlen, die Verantwortung nicht auf sich zu nehmen und nicht zu entscheiden, ob Iran Atomwaffen herstellt oder nicht", sagte Mukherjee am Mittwoch. Nach seinen Worten ist allein die Internationale Atomenergie-Organisation (IAEO) berechtigt, darüber zu entscheiden.
Der indische Kommunist Sitaram Yechury von der regierenden Koalition forderte die Regierung zu einer Reaktion auf den Appell des amerikanischen Außenministeriums auf. "Die Regierung muss den amerikanischen Botschafter zitieren und ihm klar machen, dass sich Indien den imperialen Hochmut von Seiten des selbsternannten Weltpolizisten verbittet", sagte er vor Journalisten.
Davor hatte ein Sprecher des Indischen Außenministeriums bereits erklärt, weder Indien noch Iran bräuchten US-Anweisungen zu ihren bilateralen Beziehungen.
Bundeswehrverband fordert Aufstockung in Afghanistan
Dienstag, 22. April 2008, 19:36 Uhr
Berlin (Reuters) - Der Bundeswehrverband fordert noch vor der Sommerpause eine massive Aufstockung der deutschen Truppen in Afghanistan......
....Scharfe Kritik übte Gertz an der Ausrüstung. Im Norden Afghanistans auf einen Hubschrauber des Typs CH-53 zu warten, gleiche nach dem Bericht eines Kommandeurs vor Ort einem Glücksspiel. Es gebe Tage, an denen kein einziger der sechs deutschen Helikopter einsatzfähig sei. Die minengeschützten Schützenpanzer des Typs "Marder", die für die Eingreiftruppe vorgesehen sind, seien den Beanspruchungen schon beim Training im Inland nicht gewachsen - und damit in Afghanistan wohl nicht zu gebrauchen. Auch die gepanzerten Truppentransporter des Typs "Dingo" seien nicht für das hohe Gewicht der Panzerung ausgelegt und zeigten Ausfallerscheinungen......
The Fed pumps out reserve notes, elitist politics position to control, no new petro refineries since the 70s wtf? GM food and bio fuel scams, food price rise is an orchestrated scam based on currency manipulation, news from the Plunge Protection Team, disinformation in WSJ, no victory in Iraq, so blame Iran.......
........The "Big Cull" is now underway as all the speculation, fraud, excess and profligacy of Wall Street and millions of unscrupulous borrowers get shoved up our derrieres in the form of hyperinflation and higher taxes. When the various GSE's, where all the old (and now new) toxic waste is being buried, finally go under, it will be like the China Syndrome, a meltdown to hell. The Fed's general collateral will be used up by then, which will lead to direct monetization of treasuries and rampant inflation. As well, the defaulted debts that are absorbed by the FHA, FHLB, Fannie and Freddie will result in much higher IRS bills as the hapless taxpayers are forced to bail out the cataclysmically decimated system. When, we ask, are the citizens of this country going to have their fill of this bailout tripe? Make sure that every single incumbent other than Ron Paul is voted out of office or we will all be pauperized.
We characterized this situation as the "Big Cull" because that is exactly what is in store for the smaller companies in America, Canada, Mexico, Western Europe and Japan. They will be culled out. Note how only the large insider-banks are being bailed by the Fed, a private central bank which is owned by some of the very companies they are bailing out. Talk about a conflict of interest! Note also how mostly the various transnational conglomerates have any real earnings to speak of due to free trade, globalization, off-shoring, outsourcing, slave labor and a weaker dollar, and even some of these gargantuan concerns are in trouble. The Fed is only giving money to big elitist insider companies, who are hoarding the cash out of fear, yes, but also they will be selectively withholding their largess from any who do not belong to the "Big Game." When hyperinflation from an out-of-control money supply finally hits home fully, consumer spending drops off a cliff and corporate earnings go negative, the Fed will be forced to turn to higher rates to save what is left of the dollar or face being run out of the country which by then will start to resemble Zimbabwe, and the whole system will crash and be purged in the upcoming "Very Large Depression" or, if you prefer, the "Much Greater Depression." Select insiders will be bailed out at taxpayer expense, while those insiders and non-insiders that fail will be merged with, or auctioned off at pennies on the dollar to, the surviving insiders. The elitists have already made plans on which companies will survive and which will fail so they can place their bets accordingly. The final number of businesses and financial corporations which fail in the upcoming economic devastation could well number in the tens of thousands worldwide. Few companies will be able to survive the coming catastrophe without help from their governments and/or from the Fed or the other main central banks like the BOE, ECB and BOJ. Even the Fed itself may be discarded and replaced with a far more malevolent cartel vehicle which is put in charge of everything financial as has been suggested by our "beloved" Treasury Secretary, Hanky Panky Paulson on loan from Goldman Sachs. It is all about driving out the competition so the Illuminati can reign supreme.
The President's Working Group on Financial Markets was created by Executive Order 12631, signed on March 18, 1988 by President Ronald Reagan in the aftermath of the Stock Market Crash of 1987. Eleven years later, in 1999, the Glass-Steagall Act (GSA), which for many decades had prohibited a bank holding company from owning any non-banking financial companies, such as investment banks and brokerage houses, was repealed by the Gramm-Leach-Bliley Act (GLBA) that was signed into law by President Slick Willie Clinton. The GSA had been in effect since 1933 and was passed due to abuses, which were found to be a substantial contributing factor to the Great Depression. This wise piece of legislation had kept us out of trouble for over six decades. Both Executive Order 12631 and the GLBA will go down in history as the most ill-advised and most abused financial orders, laws and regulations ever devised, perhaps in the history of our country. The Executive Order currently gives the PPT the right to enter any markets to create stability in the face of a crisis, but instead they use this power on a 24/7 basis to hide from the public all the damage that has been intentionally or unintentionally done to our economy by various Illuminist schemes, including the abuse of the GLBA which allowed banks to pawn off fraudulently rated toxic waste, which quite often the banks themselves or their subsidiaries had created, on their clients and to hold it for those clients in offshore accounts called SIV's. There are many other versions of toxic waste out there that are waiting to implode, all of which were enabled by the unwise authorization of these incestuous relationships in the GLBA. Asset-backed securities are going to be the next shoe to drop as the cash flows from car loans, credit card accounts, mortgages and such esoteric things as aircraft lease payments, which secure these derivative instruments, are interrupted by rampaging, ever-accelerating defaults on the underlying debt as the economy drops off into a hyperinflationary recession. The PPT hides while the GLBA destroys. That's how it works.
These moronic acts by former Presidents and Congresses are what allowed the psychopathic creation of hundreds of trillions in derivatives by way of "financial engineering" in order to absorb the rampant money being supplied by the Fed to fuel financial sector profits in order to cover up the damage being done to the economy by free trade, globalization, off-shoring, outsourcing and illegal immigration. The money was pumped in through the primary dealers via the repo pool and was loaned out to other foreign and domestic banks and to client dupes like hedge funds, insurance companies, pension funds and other institutional investors in order to purchase the toxic waste, often with maniacal degrees of leverage. The sales proceeds were then re-loaned to the mortgage companies so they could fund more fraudulent mortgages which could then be securitized into more toxic waste for resale, thus rolling the money over and over, with the Fed's periodic money injections allowing them to expand the amount of loan money available overall to keep the bubble going. All caution was thrown to the wind to bring in even the unqualified so that the fees and commissions would keep rolling in.
Note that as of 2006, the financial sector contributed about 8% to our GDP, when in 1947, it was 2.5%. That is because the financial sector no longer greases the skids for a healthy economy that produces real goods and services, but has become an industry unto itself, peddling toxic waste instead of funding the production of real goods and services. It has become a self-perpetuating, gargantuan producer of poppycock and phony bologna, and has become the portal through which the Fed pumps in titanic amounts of money and credit to produce profits in the financial sector that help to offset the damage to US GDP which has been done by the latest incarnation of the British mercantilist system that has beggared our middle class. This continual pumping of money and credit to cover the damage to our GDP has inexorably moved us toward a weaker dollar and hyperinflation. The profits generated by this "puff the fluff" smoke and mirrors operation accounts for much of our so-called GDP growth, and also explains the wild growth in derivatives worldwide from about 80 trillion in notional principal in 1999 to today's 600 trillion plus, with the credit default swaps portion of that total, now about 62 trillion, doubling every three years or so over the past decade. We feel that Real GDP has been negative on average for almost two decades if you make adjustments for actual, as opposed to official, inflation and especially when you factor in the bogus contribution to GDP that has been made by our quickly deteriorating financial system, some 8% instead of what used to be about 4% before we started down this path toward insanity. A good portion of the fees and commissions that comprise the financial sector's contribution to GDP over the past decade have been generated by the fraudulent sale of worthless dot.com stocks and toxic waste OTC derivatives. We ask what value has been added to our economy and what production has occurred when you sell worthless stocks or repackage existing loans that have been made to unqualified buyers, that are supported by inflated appraisals and that have been given fraudulent ratings? Where is the value added to the economy when substantial portions of what is produced is either worthless or worth far less than what is paid for it from the very outset. It's almost akin to the sale of new automobiles where a car's value loses multiple thousands of dollars as they are driven off the dealer's lot by their new owners. At least with a new car the price is determined by the actual cost of the inputs and an established market value, instead of being valued by reference to artificially low rates of interest along with fraudulent, dreamed-up qualifications and appraisals and arbitrary, often imaginary, market values set by theoretical mathematical models. We feel that much of the filthy lucre that has been produced by the financial sector over the past decade is nothing more than profits earned on Ponzi-scheme money that is rolled over repeatedly. How can such profits possibly be attributed to our GDP with any intellectual honesty?
Note how gold and silver are being held down by sales and leasing as they consolidate for the next move up, while oil is allowed to fly. As soon as gold and silver start to rally, watch how quickly oil drops. Large specs should be ready for this move which means nothing because it will be totally contrived. The fundamentals will be just as strong as ever no matter what they do to oil because inflation and balance sheet destruction are both baked into the cake as our real estate markets and economy drop into the tank. All those high oil prices are going to take their toll down the line in lower profits or higher inflation, just wait and see. Also note that any new war adventures will most likely occur after both gold and oil have finished their spring rallies and are at much lower levels for purposes of consolidating what will be their most recent gains. A hard but pointless pounding from the cartel can be expected for precious metals and commodities ahead of any new war adventure that is planned. Kosovo, Iran, Lebanon and the Gaza Strip are all possibilities, and these possibilities will keep oil, precious metals and their related shares well bid while the various general stock markets get hammered by the imploding recessionary economy. If a war does start, get ready for some wild action!
Note that Ron Paul took 16% of the vote in Pennsylvania's Republican Primary, beating Huckabee's 11%. Yet we hear nothing about this in the media. In fact, we don't even hear it mentioned that Ron Paul is still a candidate. Our media and our entire elective process are a disgrace. We are governed by a two party dictatorship. If any of the miscreants offered by the Illuminati are elected, we're leaving the country. Oh, that's right, we already left! And you might want to consider doing so also.......
........Commodities are rising due to American debt, massive monetary increases and now lower interest rates. It is now not only the US due to the credit crisis, the Fed, Wall Street and the money central banks created, but it is also other nations for the past four years that have also increased monetary aggregates by 14%. Again, it is just not interest rates. Isn’t it an inevitable consequence of massive monetary aggregate expansion worldwide that we’d get inflation and speculation? And, lower interest rates are a part of it. Global reserves have increased $2.5 trillion, or 85%, in just the past two years. The dollar is now dysfunctional and the entire world monetary and financial system is out of balance. Again inflation and speculation have to be an obvious conclusion to profligacy. We can expect nothing less in a world of fiat currencies. Once the gold backing was removed from the dollar on 8/15/71 it was all-downhill from there and until we return to gold backed currencies the results will be the same – ultimately disastrous. There is no gold reserve system to restrain monetary expansions. There is no control and no discipline. The result has been an historic inflation in dollar financial claims, which has destroyed the global monetary system and now it’s dismantling financial and economic stability. The destabilizing price movements and myriad inflationary effects are poised to worsen. Once the foreign buyers of dollar denominated assets have had enough the huge dollar reserves will hit our shores and inundate the system.
The Fed and all central banks are on the run and the credit crisis worsens. Trillions of dollars and euros, etc. are being fed into the system in order to just keep it afloat. The world financial system is being nationalized country by country.
There is certainly no end in sight of this monetary expansion. The mortgage market is being nationalized via Freddie Mae, Fannie Mac and the FHA. The same has been happening in banking as major investment banking firms too big to fail have been expanding assets by 14% to 27% over the past 38 weeks, almost all of that increase coming from the Fed as bank credit expanded 12.6%. During that period there was a $184 billion, 29%, increase in foreign custody holdings for foreign central banks at the Fed. All of these capital injections have for the moment stymied the systemic de-leveraging, but that is for now. The inflationary implications are enormous and the solution to the problem is not at hand and we do not think there is one.
The outlook for our economy and financial situation looks dreadful. There has been no solution in nine months and it looks worse than it did in August. The Fed and ECB have stopped the bleeding for now but there is no solution in sight. There is nothing ordinary regarding the credit breakdown. Usually such corrections track economic developments, but not this time. This time it is different. The US government has assumed all the risk, which is a precedent in cost and scope for the American taxpayer. The tide has been stemmed for now but not for long. As Feldstein says you cannot cut interest rates forever nor can government guarantees continue. Market manipulation by our government cannot continue forever. It will eventually lose its effectiveness. Besides there is nothing government or the Fed can do. This collapse has to run its course. The unbalance and maladjustment is simply too great. Risk is being moved from one place to another. From the markets to government, which is no solution, unless they want the dollar at 20 on the USDX. While all this proceeds so will inflation in an over- liquefied global system that is no longer able to handle such a flood of aggregates. We are in uncharted waters especially if you throw in derivatives. All we can say is the world has lots of problems.........
Dass der Reis immer teurer wird, hat viele Gründe. Vor allem aber treiben Investoren den Preis in die Höhe – und spielen so mit der Grundversorgung von vier Milliarden Menschen in Asien.
.....Weltweit wurden 2007 650 Millionen Tonnen Reis geerntet, etwas mehr als Weizen, 90 Prozent davon in Asien. Indes ist die Reisproduktion in den letzten Jahren langsamer gewachsen als die Weltbevölkerung, die Lagerbestände sind derzeit auf einem langjährigen Minimum. Von den Reis-produzierenden Ländern haben viele, Indien zum Beispiel, ihre Exporte gedrosselt. Die Philippinen, eines der wichtigsten Importländer, können ihren Bedarf kaum decken. In einigen Ländern, etwa in Bangladesh, ist es bereits zu Reis-Unruhen gekommen.......
......Dass der Reispreis so rapide ansteigt, hat viele Gründe: Die Produktion hat in den letzten Jahren, auch weil Agrarland verloren geht, nicht Schritt gehalten mit der Nachfrage; in den USA stellen Reisfarmer auf den Mais-Anbau für Agrotreibstoffe um; der Ölpreis wirkt sich aus, Dünger und der Betrieb von Maschinen werden teurer. Vor allem aber treibt die Spekulation den Reispreis in die Höhe. Und damit Millionen Menschen in den Hunger. Wenn die Industriestaaten jetzt Geld einschiessen, damit die ärmsten Länder Reis kaufen können, belohnen sie die Spekulanten. Wenn sie kein Geld zur Verfügung stellen, überlassen sie Millionen Menschen dem Hunger. Die Reisbörse in Osaka hat vor 250 Jahren den Futures-Handel eingeführt, um die Versorgung der Städte zu sichern. Der Kauf für eine spätere Lieferung sollte eine Preis-Kontinuität sichern und das spekulative Horten verhindern. Derzeit geschieht das Gegenteil: Nach der Internet- und der Hypotheken-Blase treiben so genannte Investoren ihr Spiel mit der Grundversorgung jener vier Milliarden Menschen, die in Asien leben.
19. it's all about the "rebate and switch" checks 03. IRS will begin mailing rebate checks May 9, Bush says
9:19 AM ET, Apr 25, 2008
04. Treasury will direct-deposit some tax rebates Monday: Bush
9:19 AM ET, Apr 25, 2008
von einem AmiBoard: Todays news are sign of a DEPRESSION. Consumer sentiment numbers are at 25 YRS low, munis are about to collapse creating chaos in cities, and... DJ is up! I mean. What do we need? Tanks on Wall Street? Nuclear war? this market is NONSENSE. Corruption is growing fast guys, this is gona be uggly.