Category: 03 Economy

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Gold Transformer: QE3, Gold, Financial Stability of US and World

03 Economy, Government
Gold Transformer

While it addresses gold, the major point is the financial instability of America and the world.

Economic Effects Of QE3 Will Soon Enter The Markets

September 20, 2012, at 6:24 pm

by Jim Sinclair

My Dear Extended Family,

Everyone has an opinion of QE3. Almost all are wrong.

What has taken place here in its size, and in an almost simultaneous international unified approach has no precedent in economic history.

QE1 and QE2 were not failures. Do you have any idea what the world would have looked like if every major bank in the Western financial world broke?

It is easy to be a naysayer and say let the banks go broke, but you have no idea how hard it would have hit you and yours and maybe gold and silver. This is not to say that Debt Monetization, which QE represents, is correct, but it was the only tool available to central banks that would create infinite cash for the Fed and Treasury to use in a totally discretionary manner. Governments, because of the size of their debt, were incapable of applying the better tool for reviving economic activity, which is fiscal stimulation. One thing for certain is the infrastructure of the USA is collapsing in front of your eyes. Dar es Salaam airport looks better on approach than JFK. Dubai is beyond description. Roads from the Beijing airport are brand new. The USA infrastructure is disgraceful for a major power. New York City roads look like “Mad Max and the Day After.” However when you are the major debtor nation fiscal stimulation is simply not possible. It will not happen because it cannot happen.

Please stop listening to those that tell you QE will have no effect. They are “Ignorant to Infinity.” QE3 is going to have an unprecedented effect, as it is now simultaneous and global in scope.

Please make note of all the governments that screamed at the Fed for the use of QE1 and QE2 that are now applying QE to infinity.

There will be no QE4 because QE3 is going to go on continually with a month or two off now and then. Please recognize that it is hard for markets to discount what they do not believe in and therefore by definition do not anticipate.

Know within 90 days the economic effects of QE3 will be entering markets for money and therefore the markets for gold, silver, and most certainly the dollar.

Gold is going to at least $3500. Silver will certainly perform well also. The real support for the US dollar is .7200 on the USDX and it will trade there. The euro will trade at $1.35 and $1.40.

Ron McEwen of MUX fame said it correctly: “Patience is bitter; but the fruit is sweet!”

Respectfully,
Jim

Source

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Yoda: India’s Economic Policy Change in Favor of Foreign Retailers and Foreign Ownership of Natural Resources

03 Economy, 03 India, Corruption, Government
Got Crowd? BE the Force!

Any country that can marshal 100 million protesters on a single call, or produce 2,000 suicides among debt-ridden farmers distraught by draught, is by definition a “crowd” economy that will not respond well to any repetition of the Industral-Era mistakes of the USA that rigged the system in favor of the few at the expense of the many. Below are multiple headlines, the most critical being – predictably but not dismissively – from the World Socialist Web Site.

India is a demographic power — the most complicated on the planet, with far more diversity (good) and religious or ethnic friction (bad) than any of the other demographic powers (Brazil, China, Indonesia, Russia).  Any policy that is inconsistent with the needs of the larger demographic base should be suspect.

India is opening up to investors who bring with them false money – money created by financial fraud against other publics – and false propositions, including the fiction that wealth for the many can be created by any form of top-down favoritism.  What India SHOULD be doing is rethinking public governance and true cost economics (especially water), connecting every citizen to the Internet with free hand-held devices (OpenBTS), and providing free education one cell call at a time via a mix of government call centers and the global diaspora.  Infinite wealth is achievable by India if it leverages the infinite energy and intelligence of its distributed public — there is not enough money on the planet to “invest” or “buy” growth on the scale that India needs to achieve.

All-India general strike against pro-investor “big bang” economic “reforms”

Strike over economic reforms shuts India

Skepticism and Caution Greet India’s New Policy on Retailers

What are the BJP's alternatives to the government policies it bashes?

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Steven Aftergood: CRS on Poverty and on Intelligence

01 Poverty, 03 Economy, 06 Family, 11 Society, Congressional Research Service, IO Impotency
Steven Aftergood

POVERTY IN THE UNITED STATES, AND MORE FROM CRS

“In 2011, 46.2 million people were counted as poor in the United States, the same number as in 2010 and the largest number of persons counted as poor in the measure's 53-year recorded history,” according to a timely new report from the Congressional Research Service.  See Poverty in the United States: 2011, September 13, 2012.

Other new and newly updated CRS reports that have not been made publicly available include the following.

Intelligence Authorization Legislation: Status and Challenges, updated September 18, 2012

Latin America and the Caribbean: Fact Sheet on Leaders and Elections, updated September 17, 2012

Phi Beta Iota:  The juxtaposition of a report from the Congressional Research Service (CRS) on poverty in America – a hot issue being kept under wraps at this time – with a report on the intelligence authorization bill by two experienced analysts new to the account (Richard Best finally retired and Al Cumin is on assigment elsewhere), is encouraging.  In the latter instance, Richard F. Grimmett (CRS International Security analyst) and Rebecca S. Lange (an Air Force Fellow) demonstrate intelligence with integrity in tackling the militarization of intelligence and the excessive focus of intelligence on defense targets to the exclusion of all others (Whole of Government).

See Also:

Graphic: Intelligence Requirements Definition for the 21st Century

2008 Rebalancing the Instruments of National Power–Army Strategy Conference of 2008 Notes, Summary, & Article

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Koko: Arsenic in US-Grown Rice – Threat to Babies

01 Agriculture, 03 Economy, 04 Education, 06 Family, 07 Health, 11 Society, Earth Intelligence
Koko

Koko:  Humans still don't understand Earth as a whole (closed) system.

Reported arsenic levels in rice prompt concern

(CBS News) Consumer Reports found significant levels of arsenic in apple juice earlier this year, and now, the magazine has a new study, showing many brands of rice also contain the toxin.

The arsenic enters into the rice when it is grown, according to Dr. Philip Landrigan, a pediatrician at New York's Mount Sinai School of Medicine. He explained the rice with the highest levels of arsenic is from Texas and Louisiana, and along the Gulf coast where fields were used to grow cotton a century ago.

“When there was cotton there they had to treat the cotton with arsenic pesticides to control the bowl weevil,” he said. “Now a century later, that arsenic is still in the soil, the rice is very effective at pulling it out of the soil in and it concentrates in the rice.”

Arsenic causes lung, skin and bladder cancer, Landrigan said. He added that arsenic is also very harmful to babies' brain development. If a baby is exposed to arsenic in the womb because the mother is eating arsenic or if a baby ingests arsenic in the first months of life in cereal, rice milk or other food, the arsenic could interfere with brain development, reduce the child's intelligence, and cause behavioral problems.

Continue reading “Koko: Arsenic in US-Grown Rice – Threat to Babies”

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Berto Jongman: Article and Book About Deep Web Marketplace

03 Economy, Autonomous Internet
Berto Jongman

Article now, book later.

The good and the bad of the Deep Web

Article Published on The Hacker New Magazine – September Edition “Security in a serious way”

Introduction

The Deep Web (or Invisible web) is the set of information resources on the World Wide Web not reported by normal search engines, according a raw estimation of some security experts clear web represents only a small portion of the overall web content, the remaining part is unknown to the majority of web users.

NOT YET AVAILABLE

Ordinary web users are literally shocked when understand the existence of the Deep Web, a network of interconnected systems, not indexed, having a size hundreds of times higher than the current web, around 500 times.

To explain the Deep Web I use to cite the definition provided by the founder of BrightPlanet, Mike Bergman, that compared searching on the Internet today to dragging a net across the surface of the ocean: a great deal may be caught in the net, but there is a wealth of information that is deep and therefore missed.

Read full description with marketplace data (invisible anonymous trade).

See Also:

Deep Web Technolgies (Abe Lederman)

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Owl: Drugs of War – The Imperial Trade, Banks on Top

03 Economy, 07 Other Atrocities, 09 Justice, 10 Transnational Crime, 11 Society, Commerce, Commercial Intelligence, Corruption, Director of National Intelligence et al (IC), Economics/True Cost, Government, Knowledge, Law Enforcement, Media, Military, Money, Officers Call, Politics
Who? Who?

A Jaw-Dropping Explanation of How Governments Are Complicit in the Illegal Drug Trade

The drug war is far, far more than just simply criminals at work, says scholar Oliver Villar.

Note: The following interview helps us understand the drug war from a dramatically different perspective than the one the corporate media paints. Instead the traditional portrayal of the war on drugs as a fight between law enforcement and illicit drug dealers, scholar Oliver Villar explains that the illegal drug trade is a tool of empire a means of “social control” as much as profit. Villar, a lecturer in politics at Charles Sturt University in Bathurst, Australia's insight is well worth the read.

EXTRACT:

LS: Catherine Austin Fitts, a former investment banker from Wall Street, shared this observation once with me:

Essentially, I would say the governments run the drug trade, but they're not the ultimate power, they're just one part, if you will, of managing the operations. Nobody can run a drug business, unless

the banks will do their transactions and handle their money. If you want to understand who controls the drug trade in a place, you need to ask yourself who is it that has to accept to manage the transactions and to manage the capital, and that will lead you to the answer who's in control. [2]

What are your thoughts on this essential equation?

Read full interview.

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Chuck Spinney: Russian Land, Chinese Labor – The North Evolves

01 Agriculture, 02 China, 03 Economy, 06 Russia, 11 Society, Cultural Intelligence, Culture, Economics/True Cost
Chuck Spinney

Interesting evolution of Russo-Chinese relations

Nation Rich in Land Draws Workers From One Rich in People

By ANDREW E. KRAMER

The New York Times, 10 September 2012

OSTANINO, Russia — When a Chinese investor bought a farm outside this village a few years back, he was pleased enough to name it Golden Land. The soil was rich, the sunshine and rain bountiful.

The land, deep in rural Russia, was also largely devoid of people.

No more. Today, row upon row of greenhouses here teem with dozens of Chinese farmhands picking tomatoes. And in a season with a bumper crop of tomatoes, the foreman said he would happily have employed hundreds more.

The influx of Chinese farm labor in Russia reflects the growing trade and economic ties between the two countries, one rich in land and resources, the other in people.

For years after the breakup of the Soviet Union, both countries have struggled to convert these complementary strengths into real business opportunities. A few mining ventures are succeeding. And state companies have struck big oil, coal and timber deals that form the backbone of the economic relationship.

Read full article.