The illusive reality of the world economy can best be compared to a holographic image. The global media has transformed a grave stone into a three –dimensional life force. Let us review current news activity:
World stock markets slid to three-month lows on Friday as the worries intensified about a potentially huge bailout and a destabilization of the euro zone. The euro currency dropped to its lowest point since May against the U.S. dollar. "I think we have to be very mindful of the potential failure of domestic economies and of the persistence of some toxic assets in some banks," Flaherty told reporters. Euro zone countries like Greece, Spain and Portugal are under increasing pressure to show that they will bring public finances under control as financial markets' fear about the situation in one country spreading to others.
World stock markets slid to three-month lows on Friday as the worries intensified about a potentially huge bailout and a destabilization of the euro zone. The euro currency dropped to its lowest point since May against the U.S. dollar. "I think we have to be very mindful of the potential failure of domestic economies and of the persistence of some toxic assets in some banks," Flaherty told reporters. Euro zone countries like Greece, Spain and Portugal are under increasing pressure to show that they will bring public finances under control as financial markets' fear about the situation in one country spreading to others.
Clinton appointed special United Nation’s Envoy to Haiti. He will coordinate the international relief effort. Did anyone ask the Haitian government if they wanted Mr. Clinton to oversee this effort? It appears that the fox has taken control of the hen house. All that money will no doubt disappear into that belly of corruption and the USA will quietly usurp Haiti for covert activity.
A grim report given to President Medvedev today by Finance Minister of the Russian Federation Alexei Kudrin; It states that the private European banking conglomerate known as the United States Federal Reserve System…has given a “shock warning” to President Obama that they do not intend to renew the charter given to them on December 23, 1913 by the US Congress and it is set to expire on December 21, 2012, which is also the exact date that the controversial Mayan Calendar predicts will be the end of our present age. Even worse for the American people, this report says, is that in the Federal Reserve’s notification to Obama further stated that they only intend on paying back the US Government $156.3 Billion out of their “huge profits” gained from their looting the United States Treasury of an estimated $23.7 Trillion. This is difficult to verify as the Federal Reserve Act and all its amendments are not available online. The Library of Congress does provide a brief synopsis of its history and the Act but full disclosure is very difficult to obtain.If the above statement is true the U.S. economy will be on a collision course with economic disaster. The “January effect” is in play and financial markets are poised to act adversely for 2010. Cliff High, Web-Bot developer, has made a dire prediction. His computer analytics of human consciousness has determined that July 7, 2010 will see the collapse of the US dollar and the financial markets. This guy predicted 911 and Katrina months before these events occurred. He has also predicted global conflict and war for November of this year. Baba Vanga predicted the same 2010 global conflict prior to her death.
New reports are showing that the Baltic Dry Index (the World’s most reliable indicator of future economic growth) has collapsed over 40% in the past 10-weeks signaling the worst of this Global financial crisis is yet to come. This index tracks worldwide international shipping prices and assesses the price of moving dry cargo by sea. Obviously we have more ships and less cargo and this is why the index is falling.
The stock markets are like a Giffen good, they keep climbing all the while violating the law of demand. But let us put all this aside and examine another major disaster looming in the shadows.
The countries that make up two thirds of the world's agricultural output are experiencing drought conditions. Whether you watch a video of the drought in China, Australia, Africa, South America, or the U.S. , the scene will be the same: misery, ruined crop, and dying cattle. Low stocks of foodstuff make the world's falling agriculture output particularly worrisome......The combined averaged of the ending stock levels of the major trading countries of Australia, Canada, United States, and the European Union have been declining steadily in the last few years:
2002-2005: 47.4 million ton 2007: 37.6 million tons 2008: 27.4 million tons
These inventory numbers are dangerously low, especially considering the horrifying possibility that China's 60 million tons of grain reserves doesn't actually exists. A lack of credit for farmers curbed their ability to buy seeds and fertilizers in 2008/2009 and will limit production around the world. The effects of droughts worldwide will also be amplified by the smaller amount of seeds and fertilizers used to grow crops.
2002-2005: 47.4 million ton 2007: 37.6 million tons 2008: 27.4 million tons
These inventory numbers are dangerously low, especially considering the horrifying possibility that China's 60 million tons of grain reserves doesn't actually exists. A lack of credit for farmers curbed their ability to buy seeds and fertilizers in 2008/2009 and will limit production around the world. The effects of droughts worldwide will also be amplified by the smaller amount of seeds and fertilizers used to grow crops.
These are 2009 statistics. The new millennium will see climate control and not climate change as the global weapon of mass destruction – HAARP on!
Thank you,
Joseph Pede
Joseph Pede
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