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
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
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
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.
OPEC’s Second-Largest Producer Now Pegs Petroleum 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.
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.”
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.”
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.
“Let the future tell the truth, and evaluate each one according to his work and accomplishments. The present is theirs; the future, for which I have really worked, is mine.” (N. Tesla)
Current world’s crises is mostly spinning around following issues: high oil prices, food shortage, environmental issues, earthquakes on financial markets, huge difference between developed and underdeveloped countries…They are very much connected but where are the roots? Would it be possible to have different world as we have it now?
It’s hypothetical, but less greed at the beginning of 20th century would tremendously change the part of our civilisation. All needed tools were there but in the name of personal power and prestige they were cut for world citizens. The sins and the sinners, how ironically, are the same as 100 years ago.
It was Nikola Tesla, who invented alternating curent electric power and electrified the world. But he invented so much more. He was one of greatest scientist of our millennium. My father gave me his biography at my early age. It was him why i studied electronics in high school. Briliance of his mind, ideas beyond our time, mysticism, x-rays, photographing thoughts, resonanting planeth Earth, vedic philosophy, friendship with Mark Twain…
He was from ex-Yugoslavia, where i lived so I knew him as national hero, but he was much less known worldwide. I’ve read about him a lot, watched movies, but every time he inspires me the same and i am amazed with his vision and work. I recommend every one to dive into his tremendous work and ideas. For me he is The most enigmatic and the most brilliant mind of past century.
I’ve read lately another book of him; Tesla: Man out of time by Margareth Cheney. Very good portrait of Tesla as scientist and person but more than that. It’s overview of industrial revolution, centres of power and newborn elite. Its a pity to read how such a great mind depended so much of funds of J.P. Morgan and elite which still rule the world. And how the same elite blocked inventions which would dramatically change the world and eliminate factors which dictate current world’s crises.
– With free wireless electricity (employing Eart’s own resonance) divide between developed and underdeveloped countries would be much smaller; but which banker would invest money to give electricity to people for free – Morgan withdrew his investment
When the great truth accidentally revealed and experimentally confirmed is fully recognized, that this planet, with all its appalling immensity, is to electric currents virtually no more than a small metal ball and that by this fact many possibilities, each baffling imagination and of incalculable consequence, are rendered absolutely sure of accomplishment; when the first plant is inaugurated and it is shown that a telegraphic message, almost as secret and non-interferable as a thought, can be transmitted to any terrestrial distance, the sound of the human voice, with all its intonations and inflections, faithfully and instantly reproduced at any other point of the globe, the energy of a waterfall made available for supplying light, heat or motive power, anywhere — on sea, or land, or high in the air — humanity will be like an ant heap stirred up with a stick: See the excitement coming!
- “The Transmission of Electric Energy Without Wires” in Electrical World and Engineer (5 March 1904)
– No oil crises due to environmentally clean electric car–> no environmental issues, no wars in the name of oil, no need for bio-fuel so smaller food shortage
With the discovery of electricity, everybody expected that all cars would be electric and run on rechargeable batteries. Tesla had gone one better and actually produced a working automobile that ran on electricity taken from the surrounding ether like an antenna picks up radio waves. This would revolutionize travel just like his AC induction motor had revolutionized the industrial world.
Maybe new Tesla roadster will bring some change in opinion, powered by mobile phone batteries …
Morgan, Rockefeller and Ford had to sabotage his idea at all costs….No air polluting gasoline engine meant no oil monopoly for Rockefeller and the Standard Oil Co. No oil monopoly meant no excuse for Rockefeller to own the U.S. government, and no excuse to be involved in foreign countries . . .
Bulbous nosed baboon J.P. Morgan (1837-1913), was the chief enemy of Tesla’s AC system; his wireless transmission system and his electric car.
J. D. Rockefeller (1838-1937) was the founder of the Standard Oil Co. His killing of the electric car allowed Standard Oil to amass a vast fortune which is still pouring into Rockefeller controlled companies to this very day.
Henry Ford (1863-1947) is credited with mass producing the noisy air polluting gasoline engine. By 1932, Ford controlled over 1/3 of gasoline engine production worldwide. He was very familiar with electricity because he worked for George Westinghouse and Thomas Edison. Hitler admired Ford so much that he kept Ford’s picture in his office. Many of the trucks used by the Nazis during WWII were built by the Ford German and French subsidiaries.
‘Nikola Tesla invented the 20th and 21st Century. A ‘discoverer of new principles,’ Tesla was the sole inventor of the alternating poly-phase current generators that light up every town in the world today. He was the original inventor of the radio, and placed his ideas in print and demonstrated them before the public 5 years before Marconi. By the turn of the century, he had discussed the feasibility of television; he created an atom smasher capable of evaporating rubies and diamonds; he built wireless neon lamps that gave off more light than today’s conventional bulbs provide; he built precursors to the electron microscope, the laser and X-ray photographs. He sent his shadowgraphs to the discoverer of X-rays in 1895 as soon a Roentgen published his famous pictures. Tesla also created Kirlian-like photographs 75 years before they became famous. All of this took place before 1900!’
That’s verified in the Congressional Record for 1917, which reported that “…the J.P. Morgan [banking] interests…. and their subsidiary organizations got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press of the US…. They found it was only necessary to purchase the control of 25 of the greatest papers. …an editor was furnished for each paper to properly supervise and edit information….”
Woodrow Wilson was elected President in 1913, beating incumbent William Howard Taft, who had vowed to veto legislation establishing a central bank. To divide the Republican vote and elect the relatively unknown Wilson, J.P. Morgan and Co. poured money into the candidacy of Teddy Roosevelt and his Progressive Party.
The Council on Foreign Relations was incorporated as the American branch in New York on July 29, 1921. Founding members included Colonel House, and “…such potentates of international banking as J.P. Morgan, John D. Rockefeller, Paul Warburg, Otto Kahn, and Jacob Schiff…the same clique which had engineered the establishment of the Federal Reserve System,” according to Gary Allen in the October 1972 issue of “AMERICAN OPINION.”
The founding president of the CFR was John W. Davis, J.P. Morgan’s personal attorney, while the vice-president was Paul Cravath, also representing the Morgan interests. Professor Carroll Quigley characterized the CFRas “…a front group for J.P. Morgan and Company in association with the very small American Round Table Group.” Over time Morgan influence was lost to the Rockefellers, who found that one world government fit their philosophy of business well. As John D. Rockefeller, Sr. had said: “Competition is a sin,” and global monopoly fit their needs as they grew internationally.