Archive
Chinese Troops Seen in Mexico
Rumors have begun to circulate around the internet this week regarding various sources having seen Chinese Troops and military bases set up just north and south of the US border. The simple logic of such a situation defies the sane mind. “If this were true, the United States Government would have to be either directly involved, or completely failed in terms of intelligence. Either of which could actually be a possibility in this day and age. The real concern surrounding this issue is how such a story could be perceived by the National Security and Affairs Department.
The internet has been a great evolution in the enlightenment of the world’s population for the sharing and opening of previously esoteric information.
Some of the websites actually tell of Read more…
‘The West is to be forgotten. We will not give them our oil’ – Gaddafi
This is just the first step in a long line for the US on not receiving any oil that is pumped from any country in the Middle East resulting in third world status. Lindsey Williams mentioned it on the Alex Jones Show almost a month ago.
http://rt.com/news/libya-oil-gaddafi-arab/
Libyan leader Muammar Gaddafi dismissed his Western partners in an exclusive interview to RT, saying he will give all the country’s oil contracts to Russia, China and India.
“We do not believe the West any longer, that is why we invite Russian, Chinese and Indian companies to invest in Libya’s oil and construction spheres” Gaddafi told RT in an exclusive interview about how he sees the current situation in Libya and the international reaction to events there.
“He condemned the Western powers, saying Germany was the only country with a chance of doing business with Libyan oil in the future. “We do not trust their firms – they took part in the conspiracy against us.”
The Libyan leader also added that as far as he is concerned, the Arab League has ceased to exist since it stood up against his country.
According to Gaddafi, the recent upheavals in his country were a “minor event” planned by Al Qaeda that will soon end.
Meanwile, Libyan Deputy Foreign Minister Khaled Kaim promised that Libya will honor Read more…
The Causes of Rising Food Prices
Food prices are rising quickly around the world. Part of the problem is weather. The winter wheat crop in China has been poor. Australia has suffered floods, while Russia has undergone a drought. The earthquake and tsunami in Japan, no doubt, will hammer the very intensive agricultural production of the limited arable land on that archipelago. Weather-related agricultural problems, however, balance out fairly quickly. Mythical “global warming” aside, weather has ups and downs, and farmers, who are smart folks, take that into account. The Soviet Union, whose vassal state the Ukraine was once one of the best farmlands on earth, never managed to feed its people well, because a communist-controlled economy destroys Read more…
Indian Opposition Leader Urges Change to “No-First-Use” Policy
A senior member of India’s main political opposition party on Tuesday called for changing the nation’s longstanding policy of “no-first-use” of its nuclear arsenal, the Indian Express reported (see GSN, Nov. 1, 2010).
(Mar. 16) – Indian Bharitaya Janata Party lawmaker Jaswant Singh, shown last year, on Tuesday urged his country to alter its “no-first-use” nuclear weapons policy (Farooq Naeem/Getty Images).
“I am of the view that the policy-framework that the [National Democratic Alliance] devised in 1998 is very greatly in need of revision because the situation that warranted the enunciation of the policy of ‘no-first-use’ or ‘nonuse against non-nuclear weapons [states],’ ‘credible deterrence with minimum force,’ etc. has long been overtaken by Read more…
Tsunami of Inflation to Hit U.S. with Japan Crisis
The earthquake, tsunami, and nuclear disaster that hit Japan this past week and the destruction that it caused is nothing compared to the tsunami of inflation that will soon hit the U.S. as a result of this crisis. A tsunami of inflation in the U.S. will mean a complete collapse of our monetary system, which could lead to millions of deaths due to a lack of food and heat. 44 million Americans are now dependent on food stamps, but when the U.S. dollar becomes worthless as a result of hyperinflation, the government will no longer have the power to support these Americans and many of them will simply starve to death.
Japan’s citizens were smart enough to save up $885.9 billion in U.S. treasuries to spend in a situation like it finds itself in today. The U.S. has no such savings and is the world’s largest Read more…
Central Banks Dump Treasuries As Dollar’s Reserve Currency Status Fades
Official inflows vs total reserve accumulation – Nomura
Demand for US assets, especially Treasuries, has been waning since the beginning of 2011, with central banks around the world increasing reserve accumulation while dumping the greenback. More signs that the dollar is dead as the world’s only reserve currency?
Nomura’s FX research and strategy team analyzed the latest numbers from the Treasury’s International Capital System. “It looks like the trend of weak central bank demand for USD assets is persisting into 2011 (after a very weak Q4),” wrote Nomura’s global head of G10 FX strategy, Jens Nordvig in an email. From November to January, central banks reduced their US dollar holdings by $9 billion; “given a fairly strong trend in global reserve accumulation Read more…
India #1 for Arms Imports Over Last 5 Years
India (NEWSTABULOUS) – Arms importers: You would probably be surprised to know that over the last five years, the most weapons have been imported by India.
According to “Yahoo Finance”, The Stockholm International Peace Research Institute (SIPR) said, as it released its latest report on trends in the international arms trade, “India is the world’s largest arms importer”.
The largest arms suppliers have been in competition to trade with Arab countries involved in the current pro-democracy and anti-government uprisings, including Libya.
Of the total amount of international arms received during 2006-2010, 9% were received by India, and Russia was responsible for 82% of the imports by India. India’s imports of arms skyrocketed 21% from the prior 5 year span and 71% of orders were for Read more…
As UN debates Libya, Kadhafi vows to crush rebels
(AFP)
TRIPOLI — Libyan strongman Moamer Kadhafi said he was determined to crush the month-old uprising against him, while at the UN, proposals for a no-fly zone to ground his warplanes met stiff resistance.
And as Kadhafi’s army announced it would soon move against the rebel bastion of Benghazi, anti-aircraft batteries and heavy artillery opened up in the rebel stronghold.
“If this is a foreign plot, we will crush it; if it is a domestic plot, we will crush it,” said Kadhafi, who has repeatedly blamed Al-Qaeda and Western powers for the revolt against his four decades of rule.
Late Tuesday, Kadhafi’s army said it would soon move on the opposition stronghold of Benghazi, 1,000 kilometres (600 miles) east of Tripoli, Libya’s second city.
A statement addressed to its residents said: “The armed forces are arriving to ensure your security, undo the injustice done to you, protect you, restore calm and bring life back to normal.
“This is a humanitarian operation being undertaken in your interests, and is not aimed at Read more…
Vladimir Putin offers to relocate 100 Million Japanese
Vladimir Putin has offered up a plan to relocate 100 Million Japanese to Russia’s far east in advent of a worst case nuclear scenario.
In the advent that central Japan would become a uninhabitable because of nuclear contamination, Russia is offering a long term lease of Russia’s far east including Kamchatka and Sakhalin Island. Certainly there would be an astronomical dollar value attached to the deal but Japan may need a homeland and Russia can use an extra Trillion dollars per year. China has been pushing hard on Russia’s southern border and the great untapped resources of the region represent the greatest undeveloped area on the earth.
Japan catastrophe could make U.S. debt costlier
The U.S. Treasury market could feel financial aftershocks from Japan’s tragic U.S. Treasury. Offloading some of the Asian giant’s $1 trillion of foreign reserves could raise cash to help rebuild after Friday’s disaster. Meanwhile, the Federal Reserve is due to end its Treasury bond-buying program in June. If Japan, the second-biggest foreign holder, starts selling that’s another support gone — with the potential to make borrowing more expensive for the U.S. government.
It’s too early to estimate the cost the Japanese government and private sectors will have to shoulder for reconstruction efforts. But bond investors can’t any longer take for granted that Japan will leave its ample reserves intact as it has, broadly speaking, for the past several years. For the government, cashing in could be more palatable than yet more borrowing. Japan’s debt already amounted to more than 200 percent of Read more…
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