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Posts tagged ‘United States’

China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan

by Tyler Durden

With the US shale revolution set to make America the largest exporter of crude,
however briefly, the influence of Saudi oil is rapidly declining. This has been
felt most recently in the cold shoulder the US gave Saudi Arabia and Qatar first
over the Syrian debacle, and subsequently in its overtures to break the ice with
Iran over the stern objections of Israel and the Saudi lobby (for a good example
of this the most recent soundbites
by Prince bin Talal
). But despite the shifting commodity winds and the
superficial political jawboning, the reality is that nothing threatens the US
dollar’s hegemony in what many claim is the biggest pillar of the currency’s
reserve status – the petrodollar, which literally makes the USD
the only currency in which energy-strapped countries can transact in to purchase
energy. This may be changing soon following news that the Shanghai
Futures Exchange could price its crude oil futures contract in yuan, its
chairman said on Thursday, adding that the bourse is speeding up preparatory
work to secure regulatory approvals.
……………

full article : http://www.zerohedge.com/news/2013-11-21/china-fires-shot-across-petrodollar-bow-shanghai-futures-exchange-may-price-crude-oi

U.S. Blasts Germany’s Economic Policies

 

Employing unusually sharp language, the U.S. on Wednesday openly criticized Germany’s economic policies and blamed the euro-zone powerhouse for dragging down its neighbors and the rest of the global economy.

In its semiannual currency report, the Treasury Department identified Germany’s export-led growth model as a major factor responsible for the 17-nation currency bloc’s weak recovery. The U.S. identified Germany ahead of its traditional target, China, and the most-recent perceived problem country, Japan, in the “key findings” section of the report.

The U.S. is itself dealing with persistently weak growth and has faced complaints from some countries about its attempts at reviving a sluggish economy, including the Federal Reserve’s easy money policies. Finance leaders have also taken aim at the U.S. over the global economic impact of fiscal wrangling between the White House and Congress, including the government shutdown and debt-ceiling fight………………………..

see full article here:

http://online.wsj.com/news/articles/SB10001424052702304527504579168113091545256?mod=mktw

Innocent people abused by U.S park police for dancing!!

By Thomás Aengus O Cléirigh

As an Irishman I am wondering where the US went wrong, growing up in the Ireland of the 1960 and 1970’s practically every Irish home had three pictures in the main living room of the house (every house was the same! One picture was Dev another was the President of America Kennedy and the third was of the Blessed Virgin or of Jesus you know the ones with the red or blue light! Such was the reverence given to the USA its president was placed on the same level as Jesus and his mother! To-day no one has a picture of the American president over their mantelpiece! America is now placed in the same heap as the Nazis and by the way the police treat the ordinary Joe I wonder why the ordinary people of America don’t start a new revolution!

We in Ireland have our constitution and our police force could not use the same force on its own people without being sued and been brought before the courts of the land. the police cannot take a sample of my DNA or my Prints with my say so yet on going to the US I would be forced to give the US authorities  all of my finger prints and also photos of my Iris. The way one is treated like a criminal is so off putting and I have opted to spend my hard earned money elsewhere as a result!

This video is a sad example

THE STRUGGLE FOR MONEY

Excerpt: “The Struggle for Money” by H. M. Murray 1957.

 

The 4 Step Social Credit Solution to the World’s Financial Crisis:

 

1.             Set up a National Credit Account. At present we have only a National Debt Account; the banks having usurped all our National Credit—to create our National Debt!

 2.             Institute a National Dividend;

 3.             Finance New Production by drafts on the National Credit Account, not out of Savings; and

 4.             Allow a Just Price Discount on all personal purchases, out of income, for final use or consumption—     to adjust book prices to actual incomes.

                (This counters inflation and guides and motivates society      as a whole to increase or decrease, as           required, production).

 

 Reference:    http://www.scribd.com/doc/171650693/Struggle-for-Money-by-H-M-Murray-Final-Edit

 

QE Worked For The Weimar Germany For A Little While Too

By: LewRockwell

Michael Snyder writes: There is a reason why every fiat currency in the history of the world has eventually failed.  At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money.  Sometimes, the motivation for doing this is good.  When an economy is really struggling, those that have been entrusted with the management of that economy can easily fall for the lie that things would be better if people just had “more money”.  Today, the Federal Reserve finds itself faced with a scenario that is very similar to what the Weimar Republic was facing nearly 100 years ago.  Like the Weimar Republic, the U.S. economy is also struggling and like the Weimar Republic, the U.S. government is absolutely drowning in debt.  Unfortunately, the Federal Reserve has decided to adopt the same solution that the Weimar Republic chose.

The Federal Reserve is recklessly printing money out of thin air, and in the short-term some positive things have come out of it.  But quantitative easing worked for the Weimar Republic for a little while too.  At first, more money caused economic activity to increase and unemployment was low.  But all of that money printing destroyed faith in German currency and in the German financial system and ultimately Germany experienced an economic meltdown that the world is still talking about today.  This is the path that the Federal Reserve is taking America down, but most Americans have absolutely no idea what is happening.

It is really easy to start printing money, but it is incredibly hard to stop.  Like any addict, the Fed is promising that they can quit at any time, but this month they refused to even start tapering their money printing a little bit.  The behavior of the Fed is so shameful that even CNBC is comparing it to a drug addict at this point…

full article at source: http://www.marketoracle.co.uk/Article42405.html

Exactly As I Warned, “Cyprusization” Goes Mainstream! Ireland On Tap, Next Up For Citizen Fund Confiscation (Again)

from : Reggie Middleton

Last year I wrote “The “Believe In Germany Bailing The EU” Trade: Go Long Magic Wand Raw Materials & Harry Potter Paraphernalia” wherein I warned of both the risk in Germany as a save all, and the risks posed to European FIRE sector companies (and insurers in particular) as a result of this belief in magic over math.

Well, now Bloomberg reports that Poland has literally confiscated private pension manager’s (read insurance companies) bonds with essentially no compensation, ex., they stole them, as per Bloomgerg – Poland to Cancel Bonds From Pension Funds in System Revamp:

Poland will take over and cancel government bonds held by its privately managed pension funds, stopping short of fully “nationalizing” the system as it seeks to curb public debt, Prime Minister Donald Tusk said.

Whaaaat!!!??? Cancel bonds? Outright theft! Listem carefully here. It’s not as if I didn’t tell you so. Now, what happens to those insurers whose pension funds under management were robbed? Again, revisit “The “Believe In Germany Bailing The EU” Trade: Go Long Magic Wand Raw Materials & Harry Potter Paraphernalia“. This plain as day and easy to see coming, and there’s a lot more coming!

Remember my many warnings this year on the Irish and EU banking system:

Transparency In The European Banking? Madness, I say! Sheer, Utter Madness!!!

If I Provide Proof That The Entire Irish Banking System Is A Sham, Does It Set Up A Much Needed System Reboot? Let’s Go For It…), the chances of there being any recovery is somewhere between zilch and nil, give or take a euro or two – reference LGD 100+: What’s the Possibility of Certain European Banks Having a Loss Given Default Approaching 100%? and The Anatomy of a Serial European Banking Collapse to realize that once a counter party driven bank run starts, there may be less than nothing to divy up in the end. Lehman Brothers’ US creditors received roughly 10 to 40 cents on the dollar, but after 5 years of wrangling, the European International arm was full repaid. Hey, do you feel lucky with your life savings? Even if you do feel lucky, you’ll still need 5 years to spare and a ton of cash for legal fees.

However, some member states have not ruled out the possibility that insured deposits, i.e. deposits under €100,000, would be forced to bear losses in the event of a bank collapse even though these deposits would be likely to be protected by the deposit guarantee scheme.

full article at source: http://www.zerohedge.com/contributed/2013-09-07/exactly-i-warned-cyprusization-goes-mainstream-ireland-tap-next-citizen-fund

Fluoride causes cancer

How safe do you think your drinking water is where you live?

Do you filter your water before drinking from the tap?

Fluoride-Free Water does not believe it is safe to drink tap water in Ireland which has been fluoridated.

Why not? Water fluoridation was known, from the start, to cause dental fluorosis in at least 10% of children exposed to it. Dental fluorosis is irreversible tooth enamel damage for life (see pictures below). We believe that drinking the chemicals used in fluoridation is an unecessary risk to health. According to the Department of Health report, Forum on Fluoridation Ireland 2002, “Roughly 50% of an absorbed amount of fluoride will be excreted in the urine during the following 24 hours and most of the remainder will become associated with calcified tissue (bones and teeth).”

Among the agents listed on page 192 of the report by the Department of Health are Arsenic, Mercury, Chromium, Lead, Nickel, Silicon, Fluoride (Hydro Fluoro Silicic Acid – H2SiF6). Currently, 71% of the public water supplies in the Republic of Ireland contain these agents.

We are a non-profit, independent, campaign group who believe that the policy of water fluoridation is very harmful to people, animals, and aquatic life; and that it also damages our environment and is totally unethical, and illegal. The agent, Hydro Fluoro Silicic Acid (H2SiF6), in water fluoridation is a listed poison under Irish Poisons Act 1982, First Schedule, Part 11 (SI 188).

http://youtu.be/ClqK7XvfLg0

 

Most of Europe does not fluoridate its drinking water for health, legal and environmental reasons, as you can see below.

Impact of Dental Fluorosis on your teeth

Dental fluorosis is tooth enamel damage for life. This damage is clearly seen in the photographs of dental fluorosis shown on this page. Promoters of water fluoridation knew in advance that at least 10% of children would be affected with this condition under the water fluoridation policy. Children, their parents and guardians, did not get a chance to refuse water fluoridation and avoid this damage. Help us protect future generations from this damage by saying NO to water fluoridation today……..

full article at source:http://www.fluoridefreewater.ie/

https://www.facebook.com/TheGirlAgainstFluoride?filter=2#!/photo.php?v=497612603658847&set=vb.487438134676294&type=2&theater

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