Compenetration Weblog

fusion of inner and outher space

Is this the bad movie we live in? When at the begining you can fortell the end.

.
Dollar crises, food crises, oil crises, nuclear threat… Paradise for neocons to push their agenda of New American century. Just from reading few articles this week, it’s so obvious what is going on. The history has taught us that many big crises were provoked and caused by those who wanted to profit from them.
.

Attack on Iran

Iran Ended Oil Transactions in U.S. Dollars  at the end of  April. All of the sudden media started with strong evidences of all kind of “knowledge” of Iran’s nuclear treats.  And just today emerged 2nd “highly confidential paper” on a train!  How stupid do they think people are? Where are evidences of WMD in Iran?  “The government papers, left on a train destined for Waterloo station, on Wednesday, contain criticism of countries such as Iran that are signed up to the global Financial Action Task Force (FATF), an inter-governmental body created to combat financial crime and the financing of terrorism.” The confidential files outline how the trade and banking systems can be manipulated to finance illicit weapons of mass destruction in Iran

Another two connected stories from today, 16th of june 2008.

Iran withdraws $75 billion from Europe, 16.june:

Bush and Brown issue Iran warning. “Action will start today in new phase of sanctions on oil and gas. We will take any necessary action so that Iran is aware of the choice it needs to make,” Brown said.Bush said he has not ruled out the use of force to end Iran’s suspected nuclear weapons program, but added that he preferred to resolve the dispute diplomatically. “…

Was the same 1979 when Iran wanted to nationalised oil. They brought Homeini and flamed revolution,..   add kept their presence there.
Behind:  control of middle east and oil production. 
.
Video: WE’RE GONNA BOMB IRAN, & THERES NOTHING YOU CAN DO
.

Food crises,

mostly inflated by speculations, is great opportunity to force the world to use genetically modified products (see article US wants biotech to help solve global food crisis). Even not reported i am sure that Bush with current visit in Europe again tried to push Europe into Monsanto arms. How can GM food help, since is known that brings lower yield instead of higher, increased use of herbicide instead less of them, it’s dangerous for health and destroys biodiversity ?! Strong connection between White House and Monsanto are clear. Monsato is owner of 80% of GM seeds.  And they have patent on every GM seed. Licence fee of food! How perverted. Indian farmers make suicide cos can’t cope wit it. As European i am strongly against any invasion of Monsanto in Europe. But than…how can i know?
Behind: control of world’s food production.
.
Video: The Genetic Conspiracy (1/3) – about Monsanto
 
 

Dollar crises

causes range of problems around the world. FED is the one who is very much responsible for that. And how really perverted. They want to solve the problem to give FED even more power worldwide (see article bellow NY Fed chief urges global bank framework ).
Behind: control of world’s money circulation.
.
Video: FEDERAL RESERVE (Zeitgeist) —how history repeats itself with same players
.

Oil Crises

Market Manipulation and the Causes of Outrageous Energy Prices. According to a number of oil industry executives and market analysts, around a third of today’s crude oil price is pure speculation driven by large trader banks and hedge funds, and much of it on electronic futures exchanges free from U.S. oversight.“Excessive speculation on energy trading facilities is the fuel that is driving this runaway train in crude oil prices,”said Gerry Ramm, Senior Executive, Inland Oil Company of Ephrata, WA. 
.
=============================================
.
Articles:

Iran Ends Oil Transactions in U.S. Dollars

OPEC’s Second-Largest Producer Now Pegs Petroleum To Euros And Yen

TEHRAN, Iran, April 30, 2008. Although OPEC has traditionally tied its price of oil to U.S. dollars, Iran has announced it has shifted sales of its oil to euros and yen. 

(AP) Iran, OPEC’s second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran’s nuclear program and suspected involvement in Iraq.

Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency.

Oil is priced in U.S. dollars on the world market, and the currency’s depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves.

“The dollar has totally been removed from Iran’s oil transactions,” Oil Ministry official Hojjatollah Ghanimifard told state-run television Wednesday. “We have agreed with all of our crude oil customers to do our transactions in non-dollar currencies.”

Iranian President Mahmoud Ahmadinejad called the depreciating dollar a “worthless piece of paper” at a rare summit last year in Saudi Arabia attended by state leaders from the Organization of Petroleum Exporting Countries.

US wants biotech to help solve global food crisis

Jun 13, 2008; A senior US official on Friday urged countries to remove barriers to the use of biotechnology and other innovations that would increase food production at a time of crisis.

“We must address the policies and trade barriers that increase food prices by preventing access to food and to the best technologies available to produce food,” Deputy Secretary of State John Negroponte said.

“In the long term, we believe sustainable food security will come from advances in science and technology and the creation of an efficient global market for both agriculture products and food production technologies,” he said.

“We therefore are strongly encouraging countries to remove barriers to the use of innovative plant and animal production technologies, including biotechnology,” Negroponte said.

“Biotechnology tools can help speed the development of crops with higher yields, higher nutrition value, better resistance to pests and diseases, and stronger food system resilience in the face of climate change,” he said.

“Are there negative food andclimate change implications associated with increased demand for biofuels?” he asked.

“We think this has had minor impact, but are dedicating substantial resources for research for cellulosic biofuel technology,” he said.

“We are also working hard to conclude a successful Doha agreement that will reduce and eliminate tariffs and other barriers as well as market-distorting subsidies for agriculture goods,” he said.

“Over 40 developing countries unwisely have put trade-restrictive policy measures into place,” he said, adding that export restrictions should be lifted.

“They (the export restrictions) have taken food off the global market, driven prices higher, and isolated farmers from the one silver lining of the rise in food prices — higher incomes for agriculture producers,” he said.

Negroponte was speaking at a ceremony to name former US senators Robert Dole and George McGovern the winners of the 250,000 dollar World Food Prize for their role in “encouraging a global commitment to school feeding.”

———————————————————

NY Fed chief urges global bank framework

June 8 2008; Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York.

Writing in Monday’s Financial Times, Mr Geithner, a key US policymaker throughout the credit crisis and one of the main architects of the rescue of Bear Stearns, says that the US Federal Reserve should play a “central role” in the new regulatory framework, working closely with supervisors in the US and round the world.

“At present the Fed has broad responsibility for financial stability not matched by direct authority and the consequences of the actions we have taken in this crisis make it more important that we close that gap,” Mr Geithner says, in an excerpt of a speech to be delivered today at the Economic Club of New York.

The credit crisis has heightened pressure on US policymakers to consider sweeping changes to a regulatory system for financial institutions which has commercial banks such as JPMorgan Chase and Citigroup regulated by the Fed and investment banks such as Goldman Sachs and Lehman Brothers more loosely regulated by the Securities and Exchange Commission.

Mr Geithner called the system “a confusing mix of diffused accountability, regulatory competition and a complex web of rules that create perverse incentives and leave huge opportunities for arbitrage and evasion”.

However, legislation to overhaul US financial regulation is unlikely to start advancing through Congress until next year when the new administration takes office.

In his speech, Mr Geithner will also say the Fed is examining whether to make “permanent” some of the new liquidity facilities put in place during the credit crisis, and called for central banks to establish a “standing network of currency swaps, collateral policies and account arrangements” to bolster liquidity during a future crisis.

Meanwhile, Malcolm Knight, the general manager of the Bank of International Settlements, the Basel-based central banking group, told the FT that the financial system now faces a growing risk of exchange-rate volatility as investors and central banks grapple with the impact of rising commodity prices and other inflationary pressures.

“It is not clear if the rest of the world is going to continue to fund the US current account deficit at current levels of exchange rates,” he said. “The pattern of the exchange rates is subject to considerable uncertainty now.”

The comments are likely to be closely watched by investors and policymakers, since they come at a time of renewed market focus on the outlook for the dollar relative to the euro and other currencies. Last week, Ben Bernanke, Fed chairman, broke with the US central bank’s traditional silence on currency matters to make clear that it does not want any further dollar weakness.

While the dollar rallied on Mr Bernanke’s remarks, it retreated later in the week after European Central bank comments suggested an interest rate rise and as the price of crude oil soared, heightening inflation fears.

“There is a perception that after a long period of quiescent inflation, things are changing,” Mr Knight said. “This is quite visible in terms of commodity prices in energy markets but also in terms of what is happening with other commodities too.”

Geithner stresses Fed role in dollar stance

By Aline van Duyn and Michael Mackenzie in New York

Published: June 9 2008 23:20 | Last updated: June 9 2008 23:20

Timothy Geithner, president of the New York Federal Reserve, has appeared to dismiss the market perception that the US Treasury calls the shots for the dollar, saying responsibility is a “delicate balance” between the Treasury and the Fed.

Referring to his time as a Treasury official, he said the balance of responsibility for the dollar was “60:40”, with the Treasury taking the lead but the central bank clearly playing an important role.

The dollar strengthened on Monday after Mr Geithner said the Fed was paying “very close attention” to its value. “No government or central bank can be indifferent to changes in the value of its currency,” he said in a question-and-answer session at the Economic Club of New York.

Hank Paulson, US Treasury secretary, also told CNBC on Monday that he would not rule out intervention to stabilise the dollar. The currency rallied after setting a six-week low on Monday and was up 1 per cent at $1.5622 against the euro in late trade.

Last week Ben Bernanke, Federal Reserve chairman, broke a taboo on Fed officials commenting on the dollar when he drew links between a weaker currency and higher import costs and consumer price inflation.

The Fed has cut benchmark overnight interest rates sharply to 2 per cent since September. Now markets expect a rate increase later this year to address inflationary pressures.

Mr Geithner has been a key US policymaker throughout the financial crisis and one of the main architects of the rescue of Bear Stearns. The bank was bought by JPMorgan, which Mr Geithner said was the only way to avoid a default.

“Our first and most immediate priority remains to help the economy and the financial system get through this crisis,” he said. After the system had stabilised, the regulatory system had to have an overhaul.

“The severity and complexity of this crisis makes a compelling case for a comprehensive reassessment of how to use regulation to strike an appropriate balance between efficiency and stability,” he said.

The establishment of a central clearing house for credit derivatives was an important goal of a meeting held on Monday afternoon at the New York Fed with 17 big firms, Mr Geithner said.

Changes in the derivative market’s infrastructure, expected over the next six months, “will help improve the system’s ability to manage the consequences of failure by a major institution”, he said.

The dealers and Fed will outline a number of changes in the way over-the-counter derivatives trades are processed, including a central clearing house, reduced outstanding contracts, and greater automation of trading and settlement.

June 15, 2008 Posted by | conspiracy, Daily bites, Documentary, Politics | , , , , , , , | 1 Comment