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Archive for March 11, 2011

Soros: Communist Chinese Model Of Order May Become “The Envy Of The World”

March 11, 2011 Comments off

infowars.com

Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.

Soros told the exclusive Travellers Club, that “China’s model of state capitalism, in which the interests of the individual are subordinated to those of the government, poses a danger if its example becomes“the envy of the world.”

“Perfect order and global governance are not realistic expectations.” Read more…

Scientists deliberately create 127 hybrid viruses from H1N1, then warn they are dangerous

March 11, 2011 Comments off

naturalnews.com

(NaturalNews) Chinese researchers recently warned the world in a study that the H1N1 virus is capable of combining with various other viruses to create “novel pandemic strains.” Published in the journal Proceedings of the National Academy of Science, the paper states that with the proper mixing host in place, viruses can swap genes and mutate into new strains — and researchers discovered this by deliberately creating 127 of them in a laboratory.

After concocting these 127 hybrid viruses, researchers found that eight of them were more harmful than their parent viruses when tested in mice, according to a Reuters report. And researchers warn that these deadly mutant strains may one day be a serious threat to public health because they cause pneumonia, edema, and hemorrhaging.

“The main message is that the H1N1 can combine in certain ways with the H9N2 to create reassortants and some of the viruses had an increased Read more…

China Taps Antisatellite Weapon for Missile Defense: Cable

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China in an early 2010 exercise attempted to intercept a mock enemy missile with the same weapon it had used to shoot down one of its orbiting satellites in a test three years earlier, suggesting the nation’s antisatellite technology was also designed to defend against strategic missiles, the Washington Times reported yesterday (see GSN, Jan. 14, 2010).

The apparent multipurpose nature of China’s SC-19 missile — described in a U.S. State Department communication obtained by the transparency organization WikiLeaks — represents a marked stride in China’s efforts to bolster its armed forces, defense officials said (see GSN, Feb. 7).

“The U.S. Intelligence Community assesses that on 11 January 2010, China launched an SC-19 missile from the Korla Missile Test Complex and successfully intercepted a near-simultaneously launched CSS-X-11 medium-range ballistic missile launched from the Shuangchengzi Space and Missile Center,” the State Department document says.

“An SC-19 was used previously as the payload booster for the January 11, 2007, direct-ascent antisatellite (DA-ASAT) intercept Read more…

The Coming Rout QE3

March 11, 2011 Comments off

chrismartenson.com

There’s a scenario that could play out between May and September in which commodities (including my beloved silver) and the stock and bond markets could all sell off between 20% and 40%.  The trigger will be the cessation of QE II and a multi-month pause before QE III.

This is a reversal in my thinking from the outright inflationary ‘buy with both hands’ bent that I have held for the past two years.  Even though it’s quite a speculative analysis at this early stage, it is a possibility that we must consider.

Important note: This is a short-term scenario that stems from my trading days, so if you are a long-term holder of a core position in gold and silver, as am I, nothing has changed in my extended outlook for these metals.  The fiscal and monetary path we are on has a very high likelihood of failure over the coming decade, and I see nothing that shakes that view.

But over the next 3-6 months, I have a few specific concerns.

It’s time to build on the idea I planted in the Insider article entitled Blame the Victim (February 28, 2011) where I speculated on the idea that the Fed might be forced to end its Read more…

The Oil-Food Price Shock

March 11, 2011 Comments off

thenation.com

When future historians attempt to trace the origins of the current turmoil in the Middle East, they will find that one of the earliest of the many explosions of rage occurred in Algeria and was triggered by the rising price of food. On January 5, young protesters in Algiers, Oran and other major cities blocked roads, attacked police stations and burned stores in demonstrations against soaring food prices. Other concerns—high unemployment, pervasive corruption, lack of housing—also aroused their ire, but food costs provided the original impulse. As the epicenter of youthful protest moved elsewhere, first to Tunisia and then to Egypt and other countries, the food price issue was subordinated to more explicitly political demands, but it never disappeared. Indeed, the rising cost of food has been a major theme of anti government demonstrations in Jordan, Sudan and Yemen. With the price of most staples still climbing—spurred in part by a parallel surge in oil costs—more such protests are bound to occur.

Whatever the outcome of the protests, uprisings and rebellions now sweeping the Middle East, one thing is guaranteed: the world of oil will be permanently transformed.

From crippling droughts in the Ukraine and Russia to region-shaking unrest in Tunisia, rising commodity prices and extreme weather events are already threatening Read more…