Monday, 12 November 2012

China and Russia are Acquiring Gold, Dumping US Dollars

Global Research, November 11, 2012

Url of this article:

There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases.

A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.

US dollar holdings and US dollar denominated debt instruments are in effect being traded in for gold, which in turn puts pressure on the US dollar.

In turn, both China and Russia have boosted domestic production of gold, a large share of which is being purchased by their central banks:

It has long been assumed that China is surreptitiously building up its gold reserves through buying local production. Russia is another major gold miner where the Central bank has been purchasing gold from another state entity, Gokhran, which is the marketing arm and central repository for the country’s mined gold production. Now it has been reported by Bloomberg that the Venezuelan Central Bank director, Jose Khan, has said that country will boost its gold reserves through purchasing more than half the gold produced from its rapidly growing domestic gold mining industry.

In Russia, for example, Gokhran sold some 30 tonnes of gold to the Central Bank in an internal accounting exercise late last year. In part, so it was said at the time, the direct sale was made rather than placing the metal on the open market and perhaps adversely affecting the gold price.

China is currently the world’s largest gold producer and last year it confirmed it had raised its own Central Bank gold holdings by more than 450 tones over the previous six years. Mineweb.com – The world’s premier mining and mining investment website Venezuela taking own gold production into Central Bank reserves – GOLD NEWS | Mineweb

The 450 tons figure corresponds to an increase in the gold reserves of the central bank from 600 tons in 2003 to 1054 tons in 2009. If we go by official statements, China’s gold reserves are increasing by approximately 10 percent per annum.

China has risen to now be the largest gold producing nation in the world at around 270 tonnes. The amount bought in by the government initially looks like 90 tonnes per annum or just under, 2 tonnes a week. Before 2003 the announcement by the Chinese central bank that gold reserves had been doubled to 600 tonnes, accounted for similar purchases before that date. Why so small an amount you may well ask? We think local and national issues clouded the central bank’s view as it was the government that bought the gold since 2003 and have now placed it on the central bank’s Balance Sheet. So we would conclude that the government has ensured central bank gold purchasing must continue. “How will Chinese Central Bank Gold Buying affect the Gold Price short & Long-Term?” by Julian Phillips. FSO Editorial 05/07/2009

Russia

Russia’s Central bank holdings are in excess of 20 million troy ounces (January 2010)


click to enlarge

Russia’s Central Bank reserves have increased markedly in recent years. The RCB reported in May 2010 purchasing 34.2 tons of gold in a single month.Russian Central Bank Gold Purchases Soar In May – China Too? | The Daily Gold

The diagram below shows a significant increase in monthly purchases by the the RCB since June 2009.


(click on chart to enlarge)

Central Banks in the Middle East are also building up their gold reserves, while reducing their dollar forex holding.

Gold reserves of GCC states is less than 5 percent:

Dubai International Financial Centre Authority economists released a report yesterday calling for local countries to build gold reserves, according to The National.

Despite a high interest in gold, GCC states maintain less than 5 percent of their total reserves in gold. Compared to the ECB, which holds 25 percent of reserves in gold, that leaves a lot of room for growth. http://www.businessinsider.com/gcc-boost-gold-holdings-2010-12#ixzz18FEqpTy3

GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA).

Diversifying more of their reserves from US dollars to the yellow metal would help to offer central banks in the region higher investment returns, said Dr Nasser Saidi, the chief economist of DIFCA, and Dr Fabio Scacciavillani, the director of macroeconomics and statistics at the authority.

“When you have a great deal of economic uncertainty, going into paper assets, whatever they may be – stocks, bonds, other types of equity – is not attractive,” said Dr Saidi. “That makes gold more attractive.”

Declines in the dollar during recent months have dented the value of GCC oil revenues, which are predominantly weighted in the greenback.GCC urged to boost gold reserves

According to a report in People`s Daily;

The latest rankings of gold reserves show that, as of mid-December, the United States remains the top country and the Chinese mainland is ranked sixth with 1,054 tons of reserves, the World Gold Council announced recently.

Russia climbed to eighth place because its gold reserves increased by 167.5 tons since December 2009. The top ten in 2010 remains the same compared to the rankings of the same period of last year. And Saudi Arabia squeezed to the top 20.

Developing countries and regions, including Saudi Arabia and South Africa, have become the main force driving the gold reserve increase. … .

The International Monetary Fund (IMF) and the European central bank are the major gold sellers, and the IMF’s gold reserves decreased by 158.6 tons. (China’s gold reserves rank 6th worldwide – People’s Daily Online

It should be understood that actual purchases of physical gold are not the only factor in explaining the movement of gold prices. The gold market is marked by organized speculation by large scale financial institutions.

The gold market is characterised by numerous paper instruments, gold index funds, gold certificates, OTC gold derivatives (including options, swaps and forwards), which play a strong role, particularly in short-term movement of gold prices. The recent increase and subsequent decline of gold prices are the result of manipulation by powerful financial actors.

Copyright © 2012 Global Research

Hormones force kids to grow up fast

Boys are going through puberty up to two years earlier, with their voices starting to crack at the age of 9 in some cases, according to new numbers in the journal Pediatrics. 

That's only third or fourth grade, for crying out loud. 

But on the other hand, maybe they're just keeping up with their classmates -- because girls are also going through puberty earlier than ever. 

For the girls, puberty kicks in so much earlier these days because they're exposed to estrogen at every turn -- the hormone is in meat, milk, soy, packaged foods, canned drinks, toys, shower curtains, scented candles, and more. 

There's even estrogen in the water! 

Boys are getting estrogen from all those same sources, of course. In theory, that should delay puberty for them -- so researchers are stumped. 

But I'm not. 

In lakes and rivers around the country, male frogs and fish are spontaneously turning into females -- and it's because of all the estrogen in the water. 

It's not happening in humans -- not literally, not yet -- but take a look around. Today's young “men” are weepy, wimpy girlie-men -- and most of them even have their own pair of manboobs. 

So, sure, they're going through early puberty... FEMALE puberty! In a generation or two, they may even start menstruating (assuming they haven't already). 

By the way, all that estrogen is obviously disastrous for kids. But it's not much better for older folks, and can increase the risk of everything from diabetes to cancer. 

Don't wait for the government to act. Protect yourself and your family by swapping hormone-laced processed foods for an all-natural diet of fresh organic meats and dairy, and filtering your own water with reverse osmosis. 

Separating the boys from the girls, 

William Campbell Douglass II, M.D.

Saturday, 10 November 2012

Chemtrails. The Realities of Geoengineering and Weather Modification


Global Research, November 08, 2012



Over the past decade evidence has increasingly emerged indicating how geoengineering and weather modification programs designed to inflict major impacts on the atmosphere and environment are fully operational.
Despite such developments the CO2-specific anthropogenic theory of global warming touted by foundation-funded environmental groups and public relations dominates much of popular discourse and the prevailing worldview of intellectuals.
By drawing attention away from actually existing efforts of atmospheric experimentation and manipulation, such coordinated efforts are complicit in the impending environmental catastrophe they profess to be rallying against. The repeated claim of CO2-driven climate change without acknowledgment of geoengineering-related environmental intervention is a severe perversion of both meaningful scientific inquiry and public opinion with overwhelming implications for all life on earth.
“While scientists continue research into any global climatic effects of greenhouse gases, we ought to study ways to offset any possible ill effects. Injecting sunlight-scattering particles into the stratosphere appears to be a promising approach. Why not do that?”—Edward Teller[1]
“To accept opinions in their terms is to gain the good solid feeling of being correct without having to think. “—C. Wright Mills[2]
For anyone who looks up in the sky every so often while fostering some recollection of what a sunny day used to resemble, the reality of geoengineering—what are often referred to as “chemtrails”—can no longer be easily dismissed. For over a decade military and private jet aircraft have been spraying our skies with what numerous independent researchers, journalists, and activists observe to be an admixture of aluminum, barium, strontium, and other dangerous heavy metals. Such substances distributed into the atmosphere as microscopic subparticulates eventually descend to earth where they are breathed by living things and absorbed by the soil and plant life.
“A glimpse into new death technologies” intended to modify weather and the environment “is in legislation introduced by Ohio Congressman Dennis Kucinich,” investigative writer Amy Worthington wrote almost a decade ago. Kucinich’s
unsuccessful Space Preservation Act of 2001 was intended to ban space deployment of:
*electronic, psychotronic and information weaponry
*high altitude ultra low frequency weapons
*plasma, electromagnetic, sonic and ultrasonic weapons
*laser weapons
*strategic, theater, tactical or extraterrestrial weapons
*chemical biological, environmental climate or tectonic weapons
*chemtrails (this term was stricken from a later version, suggesting duress)

In their quest to remain top dog in the kill chain, the purveyors of perpetual war have deliberately dimmed earth’s life-giving sunlight, and reduced atmospheric visibility with lung-clogging particulates and polymers. This ecological terrorism has severely compromised public health, according to thousands of testimonials.[3]
A recently discovered NASA document from 1966 indicates that weather modification efforts have been underway since the 1940s. “There is ... great motivation to develop effective countermeasures against the destructive measures of weather,” the paper observes,
and, conversely, enhance the beneficial aspects. The financial and other benefits to human welfare of being able to modify weather to augment water supplies, reduce lightening, suppress hail, mitigate tornados, and inhibit the full development of hurricanes would be very great.[4]
According to the report, in 1964 the National Science Foundation formed a Special Commission on Weather Modification. Thereafter, weather weapons in the form of cloud seeding were used to flood North Vietnamese supply lines during the Vietnam War.[5] More recent documentation points to private and government bodies’ active pursuit of weather modification, including the US Department of Homeland Security’s Hurricane Aerosol and Microphysics Program.[6] And in mid-2012 scientists proposed a $5 billion geoengineering plan to potentially unleash one million tons of particulates in the upper atmosphere each year to “cut world greenhouse gas emissions.”[7]
Since this is such an open program—taking place in plain sight directly over our heads—why is there almost complete silence about it in academic circles as well as mainstream and “alternative” progressive media outlets, particularly if one is to conclude that academe and the press are where disinterested inquiry and the dissemination of information and ideas in the public interest are allegedly anticipated and guaranteed? Indeed, geoengineering and weather manipulation are “a scientific taboo,” Michel Chossudovsky points out.
The possibility of climatic or environmental manipulations as part of a military and intelligence agenda, while tacitly acknowledged, is never considered as relevant. Military analysts are mute on the subject. Meteorologists are not investigating the matter, and environmentalists are strung on global warming and the Kyoto protocol.[8]
In this way such a condition is also attributable to the deleterious effect of intellectual disengagement and naivete originating within scholarly and journalistic communities that, combined with well-funded public relations efforts promoting the CO2-specific theory of global warming, eventually compromises the reasoning and communicative capacities of the broader public sphere.
The Trouble with Normal
When individuals share certain understandings and rationalities about themselves, their profession, and the broader society and culture, as is the overwhelming case in academe or journalism, they possess a binding ideology, and thereby a basis where certain perceptions and beliefs may become readily embraced or dismissed. Concepts inimical to such firm convictions are verboten. Moreover, the heavy reliance on foundation funding combined with rigid hiring and peer review processes ensure that ideas and research challenge this institutional matrix and the broader order of things in only playful and generally non-threatening ways.
Speaking as someone who works in the academy, the fear of being rejected as a crackpot also plays a large role in self-censorship. I never wholly dismissed the chemtrail phenomenon or the reports of chemtrail activists. Yet the very idea of such a nefarious program was so disturbing and surreal that several years ago I half-heartedly sought out a variety of what appeared to be conflicting information of both chemtrail activists and skeptics via online sources to placate and thereby suppress my concerns. After all, I thought, if there was anything to such claims they would be interrogated and ferreted out by university research itself and the independent progressive-left news media and intelligentsia that I relied on so heavily to form my worldview. The real problem, clearly articulated by United Nations agencies, Noble laureates and from seemingly every corner of our mediated environments is the abundance of carbon dioxide and the threat it poses in the form of melting glaciers, rising sea levels, and severe weather events.
Not until 2010, when I happened across the documentary What in the World Are They Spraying? (WITWATS) did I become more fully convinced that coordinated geoengineering programs not only exist, but that they are far-reaching in scope and have major implications for life on earth. Perhaps alongside the alleged scourge of CO2-induced global warming, geoengineering programs that are purportedly in place to “curb” such processes actually pose the greatest threat to humanity and the environment. Like Monsanto, which seeks to control all facets of agriculture and thus our physiological makeup, the US military’s self-admitted objective is to “control the weather” through atmospheric manipulation by 2025.[9]
Living in a tropical climate and spending much of the time outdoors I eventually became something of a novel “skywatcher.” Upon closer observance it has become increasingly difficult to ignore the activity of numerous high altitude aircraft leaving plumes that over the course of several hours expand and coalesce to make massive cloudlike formations that could be easily mistaken for overcast above sometimes naturally-occurring cumulus clouds. I recognized how throughout most of the year this was an almost daily phenomenon initiated by planes with sometimes bizarre and inconsistent flight paths.
When I contacted to Federal Aviation Administration in Fort Lauderdale on a day with high aerial activity of this nature, I was consoled by an overly polite FAA agent that the trails were merely “water vapor,” and that dispersal of any substances several miles overhead would have but negligible effects at ground level. While it is true that jet engines can briefly produce plumes akin to cirrus clouds resulting from the exhaust process, the prevalence of this activity once I became aware of it struck me as highly unusual, and geoengineering activists contend that the inexplicable and often dangerous admixture of microscopic heavy metal particulates now common in our air—particularly aluminum—originate in the persistent contrails. A variety of air samples, most recently by activists at losangelesskywatch.com, confirm this phenomenon.[10]
In late 2011 my six year old daughter had a long-running respiratory ailment which prompted me to send off a small sample of her hair for lab analysis. The results indicated a high level of aluminum.[11] This was disturbing especially given that she had received an abbreviated vaccine regimen, drank water run from a state-of-the-art reverse osmosis filter, and ate only organic food. Her pediatrician expressed some astonishment, asking whether we use aluminum cookware. Apart from this he could offer no explanations and merely prescribed a popular antibiotic for the cough. While there may have been no correlation between the symptoms, it seemed as if the often obscure and bizarre government projects pointed to by “conspiracy theorists” had now struck home in a most intimate way.
It was around this time that I proposed to my department chair we invite WITWATS co-director Michael Murphy to screen his film and give a public talk on campus. Earlier that year a colleague hosted De Franklin Lopez, the director of EndCiv, a provocative documentary profiling the ideas of radical environmental activist and writer Erick Jensen that compares CO2-producing activities with the severest forms of colonial exploitation and Nazi war crimes while advocating violence and vandalism to save the earth. The screening was well-attended by faculty and graduate students.
At the time our department also included on faculty a talented documentary filmmaker whose work has become a platform for proselytizing on anthropogenic global warming and the many lifestyle changes necessary to thwart it. I took for granted that the university was a place where a variety of ideas, however controversial, could be presented, scrutinized, and pondered. However, after emailing the WITWATS YouTube link to my superior I was told in no uncertain terms, “That’s far right propaganda.”
Following a lengthy and good-natured exchange (which included an apology) there was no moral or monetary support forthcoming, which prevented me from approaching other university-related funding sources. Aided by Murphy’s honest willingness to forego an honorarium, I helped to support his campus visit to speak to one of my classes and present the film to the broader public. The screenings and question and answer sessions were very well-received by the students especially, all of whom can detect baloney a mile or two away. Yet despite publicity for the screening and personal invitations to colleagues I found it instructive that none were in attendance.
The story provides a microcosmic demonstration of the limited parameters for the exchange of information and ideas, that are at least as constrictive in the academy—which asserts a license on what constitutes truth and knowledge—as they are in the broader public sphere that is typically policed by ideas and assumptions that have legitimacy and rootedness in academic circles. Along these lines, within mainstream and specifically progressive media the hypothesized ecological dangers of CO2 have become the default line of reasoning for environmental issues. And, as public discourse in the aftermath of Hurricane Sandy suggests, such notions overwhelmingly constitute the precognitive conditions and informational frames through which “extreme weather” events are interpreted.
The CO2 Noise Machine
A significant portion of the underlying research and public relations maneuvers of conventional environmental groups alleging CO2’s baneful and poisonous nature are funded almost entirely by major philanthropic foundations, and this goes a long way in drowning out other arguably more clear-cut and well-documented explanations of weather events, above all geoengineering and weather modification programs.
A foremost reason for the CO2 climate change theory’s endurance is the perceived legitimacy of its proponents, a widescale uncritical acceptance of its assumptions by mainstream and purportedly “alternative/progressive” media figures and outlets, and a limited understanding of the dubious science often based on drastically tortured and opaquely-constructed measurements and data. That a minority of climate scientists and seemingly impartial United Nations entities such as the United Nations Intergovernmental Panel on Climate Change have apparently managed to convince a wide swath of opinion leaders and policy makers that the atmosphere is heating up because of genuinely miniscule increases in carbon dioxide is a feat that takes substantial resources and coordination.[12]
A passage from “economic hitman” John Perkins’ second semiautobiographical book provides an illustrative example how the CO2 theory of climate change becomes a deep-seated component of an ostensibly well-informed individual’s outlook and belief system.
I checked the clock on the bookcase and, aware that I had dallied too long, headed for the shower. As I passed the radio I flicked it on the local NPR station ... Then suddenly the words of the radio announcer caught my attention.
“Within less than a hundred years,” she said, “all the maple trees—and the fall foliage—will be gone from Massachusetts. According to a recent scientific study, global warming will make our climate here similar to North Carolina’s. So” she sighed, “enjoy this year’s display. We may not have many more like it.” I stood there for a moment staring through the bathroom window. Outside, the old red maple next to the house bowed in the wind, its branches scrapping against the wall. The familiar sound now seemed foreboding, a death rattle. I felt absolutely devastated.[13]
Scratching the veneer of some of the major climate change movers and shakers one finds a very well-financed assemblage of entities with major philanthropic foundation ties. Indeed, the Rockefeller Foundations alone are major players behind the anthropogenic global warming “activism” and propaganda. For example, in 2009 the Rockefeller Family Foundation gave $3,500,000 to Grace Communications Fund, an organization that “builds partnerships and develops innovative media strategies that increase public awareness of the relationships among food, water, and energy systems.” Also in 2009 Rockefeller gave $775,000 to the Natural Resource Defense Council, whose foremost agenda is “curbing global warming” and “creating a clean energy future.” Another $650,000 was channeled to the World Wildlife Federation, $350,000 to the Center for Climate Strategies, and $200,000 to the Sierra Club.[14]
As bizarre as it may seem, such organizations are funded to such a degree because of their express intent on austerity and even depopulation programs. Toward this end they speak in one powerful voice that climate change is caused by the CO2-specific consumptive practices of human beings. Curiously, however, these extremely well-funded groups completely ignore actually existing or impending environmental upheavals brought about by geoengineering, dangerously designed nuclear power plants, the wanton disbursal of depleted uranium, and the proliferation of genetically modified organisms throughout the food supply.
A leading mouthpiece of the CO2 global warming hysteria is science author and journalist Bill McKibben, who oversees the popular 350.org publicity outlet. Through this effort McKibben has succeeded in convincing young and old alike to draw attention to the “scientific” assertion that atmospheric carbon dioxide levels are advancing from the low 300s to 400 parts per million of overall atmospheric gases—an ominous .01 percent—by sending in money, buying 350.org paraphernalia, partaking in civil disobedience and even hiking across the United States. This is an impressive public relations accomplishment. More importantly, however, such antics cleverly lend themselves toward authenticating the notion that most every extreme weather event is attributable to dangerous CO2 levels. This conjecture has become as central part a part of the powerful liberal and progressive opinion generating apparatus as the declarations of eugenicists seeking to build a master Nordic race a century ago—an assemblage of scientists and publicists who were, uncoincidentally, funded by some of the same interests.
McKibben’s 350.org project is the public face of his 501(c)(3) 1Sky Education Fund, which between its founding in 2007 and 2009 took in close to $5,000,000 in foundation money and “public contributions.” In 2010 the Rockefeller Brothers Fund gave 1Sky $200,000. The key “scientific” paper McKibben points to as support for his dire warnings on climate change, “Target Atmospheric CO2: Where Should Humanity Aim,” coauthored by NASA scientist James Hansen, was partially funded through Rockefeller Foundation money.[15]
The piece is not so much a scientific report as it is a set of mandates calling for drastic social and political action to avert continued CO2 “buildup.” “Preservation of a climate resembling that which humanity is accustomed,” the authors assert, “requires that most remaining fossil fuel carbon is never emitted to the atmosphere.” Independent researchers and journalists assert that such proposed policies based on tying carbon emissions to atmospheric decay, many of which are already underway in some US states at the local level, will inevitably curtail further industrial development (and consequently economic growth) of almost every type and circumvent existing property rights while ushering in a new age of near-feudal hardship.[16]
McKibben and 350.org are an especially proficient example of the many foundation-supported promotional outlets that, in the tradition of Edward Bernays, have since the late 1990s fundamentally altered public perception and discourse on weather and the climate. This is particularly the case among members of the intelligentsia who disturbingly accept the pronouncements of calculating figures such as McKibben and Vice President Al Gore—individuals that routinely demonstrate their contempt for science and the public interest by trumpeting the assumed inevitability of an uncertain theory. As a result the CO2 explanatory phantom dominates center stage and wholly removes from consideration far more probable causes of unusual and extreme weather.
Piece of Mind through Conformity
The established intellectual communities’ uncritical acceptance of the CO2-specific description of climate change has far less to do with its plausibility or scientific soundness—the “science” is too opaque for pedestrian comprehension and its accompanying shortcomings and qualifications are routinely and fraudulently downplayed—than it does with the overall ubiquity of the notion and an especially naïve faith in the fair and equitable production and dissemination of scientific knowledge.
The reasoning goes something like this. If non-CO2-related explanations of unusual weather patterns existed, the benevolent and impartial foundations would recognize their significance and fund such countervailing scientific research. As the histories of modern medicine, psychiatry, eugenics, and public education suggest, however, the reality is that the dominant paradigm is not the one that is ultimately the most valid and principled, but rather the one that is best funded. In this regard the foundations’ wealthy benefactors call the tune and run the show.
The overall effort has been a public relations coup of immense proportions not because it has seized the hearts and minds of the general public, many of which remain skeptical of the theory, but rather among educated opinion leaders who through personal mystification with their own credentials and titles are the most steadfast in the beliefs they are inured to accept. Even the few who have misgivings about the prevalent explanation of climate change and less examined yet entirely conceivable causes will seldom speak their minds for fear of incurring the wrath of their colleagues and peers, thus perpetuating a professional sphere that more closely resembles a Stalinist inquisition than one where free and open debate are fostered.
In order to preserve ones sanity, reputation and specialized status one need recognize the importance of alignment with an unexamined belief in what one has been told by the “experts” and their spokespersons while simultaneously assuming excessive skepticism toward the readily apparent phenomena of everyday life, however well-documented and alarming they may be. We may seldom have any more clear, sunny days, storms may be of mainly synthetic derivation and direction, and in less than a generation children could be developing Alzheimer’s by their late teens, but are these sufficient reasons to jeopardize one’s professional and social standing?
To broach the topic of weather control and geoengineering programs not only indicates an unhealthy lack of faith in overwhelmingly powerful yet poorly understood institutions and their guiding rationales. It also runs counter to that “good solid feeling of being correct without having to think.” Such dialogue suggests bad taste, especially when one can discuss Paul Krugman’s latest column or where to buy the best arugula. For these reasons I’ve tentatively resigned myself to a fate befitting a well-educated and properly conditioned member of the intellectual class. Realizing that my destiny and that of my loved ones can no longer be considered exclusively our own, I’ve finally learned to stop worrying and love chemtrails.
Notes

1. Edward Teller, “Sunscreen for Planet Earth,” Hoover Institution Digest, no. 1, 1998, http://www.hoover.org/publications/hoover-digest/article/6791. Article originally published under title, “The Planet Needs a Sunscreen,”Wall Street Journal, October 17, 1997.
2. C. Wright Mills, The Power Elite, New York: Oxford University Press, 312.
3. Amy Worthington, “Chemtrails: Aerosol and Electromagnetic Weapons in the Age of Nuclear War,” GlobalResearch.ca, June 1, 2004,http://globalresearch.ca/articles/WOR406A.html
4. Geoengineeringwatch.org, “1966 US Government Document Outlines National Weather Modification Programs and Implications,” November 1, 2012,http://www.geoengineeringwatch.org/a-recomended-national-program-in-weather-modification-icas-report-10a/
5. Paul Joseph Watson, “Exclusive Video: The Father of Weaponized Weather,” Infowars, February 2, 2011, http://www.infowars.com/the-father-of-weaponized-weather/
6. Richard W. Spinrad to William Laska, “Response to Statement of Work: Hurricane Aerosol and Microphysics Program,” US Department of Commerce, National Oceanic and Atmospheric Administration, Silver Springs, MD, July 29, 2009,http://voices.washingtonpost.com/capitalweathergang/noaa_letter_dhs_hurricane_modification.pdf
7. Allister Doyle and David Fogarty, “’Sunshade’ to Fight Climate Change Costed at $5 Billion Year,” Reuters, August 31, 2012,http://in.reuters.com/article/2012/08/30/climate-sunshade-idINDEE87T0K420120830
8. Michel Chossudovsky, “The Ultimate Weapon of Mass Destruction: ‘Owning the Weather for Military Use,’” GlobalResearch.ca, September 27, 2004,http://www.globalresearch.ca/articles/CHO409F.html
9. Tamzy J. House, James B. Near Jr. et al, “Weather as a Force Multiplier: Owning the Weather by 2025,” United States Air Force, 1996,http://csat.au.af.mil/2025/volume3/vol3ch15.pdf
10. Losangelesskywatch.org, “Lab Test Results,” n.d., http://losangelesskywatch.org/lab-test-results
12. Donna LaFramboise, The Delinquent Teenager Who Was Mistaken for the World’s Top Climate Expert, CreateSpace Independent Publishing, 2011.
13. John Perkins, The Secret History of the American Empire: Economic Hit Men, Jackals, and the Truth About Global Corruption, New York: Dutton, 271-272.
14. All tax-related information obtained through GuideStar, http://www2.guidestar.org/Home.aspx, and Foundation Center, http://foundationcenter.org/
15. James Hansen, Makiko Sato, Pushker Kharecha et al, “Target Atmospheric CO2: Where Should Humanity Begin?” 2008 (Unpublished)http://arxiv.org/abs/0804.1126 or www.columbia.edu/~jeh1/2008/TargetCO2_20080407.pdf
16. See, for example, Rachel Koire, Behind the Green Mask: UN Agenda 21, The Post-Sustainability Press, 2011. Also Susanne Posel’s excellent coverage and analysis of Agenda 21 at http://occupycorporatism.com/category/united-nations-2/agenda-21/

Sunday, 4 November 2012

The Virtual Economic Recovery

Global Research, October 30, 2012
Url of this article:

Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers.

During the Clinton administration, Republican economists pushed through a change in the way the CPI is measured in order to save money by depriving Social Security retirees of their cost-of-living adjustment. Previously, the CPI measured the change in the cost of a constant standard of living. The new measure assumes that consumers adjust to price increases by lowering their standard of living by substituting lower quality, lower priced items. If the price, for example, of New York strip steak goes up, consumers are assumed to substitute the lower quality round steak. In other words, the new measure of inflation keeps inflation down by reflecting a lowered standard of living.

Statistician John Williams (shadowstats.com), who closely follows the collecting and reporting of official US economic statistics, reports that consumer inflation, as measured by the 1990 official government methodology has been running at about 5%. If the 1980 official methodology for measuring the CPI is used, John Williams reports that the current rate of US inflation is about 9%.

The 9% figure is more consistent with people’s experience in grocery stores.

Officially the recession that began in 2007 ended in June 2009 after 18 months, making the Bush Recession the longest recession since World War II. However, John Williams says that the recession has not ended. He says that only the GDP reporting, distorted by an erroneous measurement of inflation, shows a recovery. Other, more reliable measures of economic activity, show no recovery.

Williams reports that the economy began turning down in 2006, falling lower in 2008 and 2009, and bottom-bouncing ever since. Not only is there no sign of any recovery, but “the economic downturn now is intensifying once again.” The absence of an economic recovery “is evident in the [official] reporting of nearly all major economic series. Not one of these series shows a pattern of activity that confirms the recovery [shown] in the GDP series.”

Williams concludes that “the official recovery simply is a statistical illusion created by the government’s use of understated inflation in deflating the GDP.” In other words, the reported gains in GDP are accounted for by price increases, not increases in real output.

The result of the US government’s economic deception is the same as the deception Washington has used to start wars all over the Middle East. The government propaganda produces a make-believe virtual reality that bears no relationship to real reality. In history there have been many governments who have prevailed by deceiving the people, but Washington has moved this success to a new peak. As long as Americans believe anything Washington says, they are doomed.

It is easy to see why there is no economic recovery and cannot be an economic recovery. Look at the chart below (courtesy of John Williams,shadowstats.com).


Real median household income at the end of 2011 is back where it was in 1967-68. Moreover, Williams has deflated household income to get its real value by using the official inflation measure, which substantially understates inflation. If Williams had used the 1990 or 1980 official government methodology for calculating the consumer price index, the real median incomes of households would show a larger decline.

Moreover, the low 2011 real median household income is the summation, in most cases, of two household earners, whereas in 1967-68 one earner could produce the same real income. As Nobel economist Gary Becker, my former colleague as Business Week columnist, pointed out, when both husband and wife have to work in order to maintain the same purchasing power, household income from the wife’s in-kind household services is eliminated. Therefore, the monetary measure of the dual household income overstates income, because it is not adjusted for the lost benefits formerly provided by the wife who at home managed the household.

Americans are far more oppressed by the power brokers in Washington than statistics display. Moreover, the young are born into the oppressive, exploitative American system and do not know any different. They are fed by the Presstitute media with endless propaganda about how fortunate they are and how indispensable their wonderful country is. Americans are kept in a constant state of amusement, and many never grasp the loss of their civil liberties, job and career opportunities, and respect that the US won during the decades-long cold war with Soviet Communism.

On September 13, Federal Reserve Chairman Ben “Helicopter” Bernanke announced Quantitative Easing 3. Bernanke said that the recovery is weak and needs more Fed stimulus. He said the Fed will purchase $40 billion of mortgage bonds per month in order to drive interest rates further below the rate of inflation and help to sell more houses.

But how do you sell houses to households who are getting by with 1967-68 levels of real income and who have absolutely no job security? Their company can be taken over and offshored tomorrow or they can be replaced by foreign workers on H-1B visas. Housing prices have dropped, but not to 1967-68 levels.

Bernanke’s announcement that the Fed’s purchase of mortgage bonds is to spur housing and the economy is disinformation. Bernanke is purchasing the bonds in order to boost the values of the derivatives and debt instruments in the banks’ portfolios. Lower interest rates raise the value of the debt instruments on the banks’ balance sheets. By depriving American savers of a real interest rate on their savings, Bernanke makes the busted banks look solvent.

This is what is happening in “freedom and democracy” America. The vast majority of Americans, especially the retired, are forced to consume their savings and draw down their capital because they can get no real interest on their savings. The beneficiaries are the banksters, who can borrow at near zero interest rates, charge consumers 16% on their credit cards, and use the Federal Reserve’s largess to speculate on interest rate swaps and credit default swaps. The American taxpayers hold the bag for the banksters’ uncovered gambles.

Would you not gamble if the American taxpayers had to cover your bets, but your winnings were yours alone?

The future of the American political order is in doubt. The Bush and Obama regimes have so badly abused the Constitution and statutory law, that the America that Ronald Reagan left to us no longer exists. America is on the path to collapse or tyranny.

Suppose that a miracle produces an economic recovery. What becomes of the enormous excess bank reserves that the Federal Reserve has provided the banks?

If these bank reserves are used for expanding loans, the money supply will outstrip the production of goods and services, and inflation will rise.

If the Fed tries to take the excess reserves out of the banking system by selling bonds, interest rates will rise, thus destroying the wealth of bond holders and draining liquidity from the stock market. In other words, another depression that wipes out the remaining American wealth.

The Federal Reserve’s announcement of QE3 shows that the Fed will continue to create new money in order to protect the values of the insolvent banks’ questionable assets. The Federal Reserve represents the banksters, not the American public. Like every other American government institution, the Federal Reserve is far removed from concerns about American citizens.

In my opinion, the Federal Reserve’s purchase of bonds in order to drive down interest rates has produced a bond market bubble that is larger than the real estate and derivative bubbles. Economically, it is nonsensical for a bond to carry a negative real interest rate, especially when the government issuing the bond is running large budget deficits that it seems unable to reduce and when the central bank is monetizing the debt.

The bubble has been protected by the euro “crisis,” which possibly is more of a virtual crisis than a real one. The euro crisis has caused money to seek refuge in dollars, thus supporting the dollar’s value even while the Federal Reserve prints money with which to purchase the never-ending flow of the governments’ bonds to finance trillion dollar plus annual budget deficits–about 5 times the “Reagan deficits” that Wall Street alleged would wreck the US economy.

Indeed, the US dollar’s exchange value is itself a bubble waiting to pop. The sharp rise in the dollar price of gold and silver since 2003 indicates a flight from the US dollar. (The chart is courtesy of John Williams, shadowstats.com.)

The bond market bubble will pop if the dollar bubble pops. The Federal Reserve can sustain the bond market bubble by purchasing bonds, and there are no limits on the Federal Reserve’s ability to purchase bonds. However, the endless monetization of debt, even if the new money is stuck in the banks and does not find its way into the economy, can spook foreign holders of dollar-denominated assets.

Foreign central banks can decide that they want to hold fewer dollars and more precious metals as their reserves. Other countries, sensing the US dollar’s demise,


are organizing to conduct their trade without the use of the world’s reserve currency. Brazil, Russia, India, China, and South Africa intend to conduct their trade with one another in their own currencies. China and Japan have also negotiated to settle their trade balances with one another in their own currencies.

These agreements substantially reduce the use of the US dollar in international trade and, thus, the demand for dollars. When demand falls, so does price, unless the supply shrinks. But the Federal Reserve has announced, essentially, unlimited supply of US dollars. So we are faced with a paradox. The US dollar is supposed to remain valuable despite its enormous increase in supply.

In addition, China, America’s largest creditor and in the past a reliable purchaser of US Treasury bonds, holds some two trillion in dollar-denominated assets, primarily Treasury bonds. How is Washington treating its largest foreign creditor? Not with appreciation or deference. Washington is surrounding China with naval and air bases, interfering in China’s disputes with other countries, and bringing contrived actions against China in the World Trade Organization. Washington claims that US corporations are deserting the US not because of the lower cost of labor in China, but because of Chinese “subsidies” to the relocated US firms.

In my April 30 column, “Brewing a Conflict with China,” I wrote that Washington would like to substitute a cold war with China for the hot wars in the Middle East. The problem with the hot wars is the loss of superpower face from Washington’s inability to prevail after eleven years, and although the hot wars are profitable for the military/security complex, the wars don’t generate the level of profits that would flow from a high-tech arms race with China. Moreover, Washington believes that diverting Chinese investment from the economy into a military buildup would slow the rate at which the Chinese economy is overtaking the US economy.

What if instead of taking the bait from Washington, China targets Washington’s Archilles heel–the dollar’s role as reserve currency–and decides it is cheaper to dump one trillion dollars of US Treasury debt on the bond market than to commit to a 30 year arms race? To keep the price of Treasuries from collapsing, the Federal Reserve could print the money to buy the bonds. But if China then dumps the printed one trillion dollars in the foreign exchange markets, Washington cannot print euros, British pounds, Russian rubles, Swiss francs, and other currencies in order to buy up the dollars.

Frantic, Washington would try to arrange currency swaps with foreign countries in order to acquire the foreign exchange with which to buy up the dollars that, otherwise, will drive down the dollar exchange rate and destroy the Federal Reserve’s control over interest rates.

But if the Chinese don’t want the dollars, will other countries want to swap their currencies for the abandoned US dollar?

Some of Washington’s puppet states will comply, but the wider world will rejoice in the termination of Washington’s financial hegemony and refuse the offer.

Sooner or later the dollar will collapse from Washington’s abuse of the dollar’s role as reserve currency, and the dollar will lose its “safe haven” status. US inflation will rise, and US political stability, along with America’s hegemonic power, will wane.

The rest of the world will sigh with relief. And China will have defeated the superpower without an arms race or firing a shot.

Copyright © 2012 Global Research

The Great Transition, Part II: Building a Wind-Centered Economy

By Lester R. Brown 


Earth Policy Release
Plan B Update
October 31, 2012

In the race to transition from fossil fuels to renewable sources of energy and avoid runaway climate change, wind has opened a wide lead on both solar and geothermal energy. Solar panels, with a capacity totaling 70,000 megawatts, and geothermal power plants, with a capacity of some 11,000 megawatts, are generating electricity around the world. The total capacity for the world’s wind farms, now generating power in about 80 countries, is near 240,000 megawatts. China and the United States are in the lead. 

Over the past decade, world wind electric generating capacity grew at nearly 30 percent per year, its increase driven by its many attractive features and by public policies supporting its expansion. Wind is abundant, carbon-free and nondepletable. It uses no water, no fuel, and little land. Wind is also locally available, scales up easily, and can be brought online quickly. No other energy source can match this combination of features.

One reason wind power is so popular is that it has a small footprint. Although a wind farm can cover many square miles, turbines occupy only 1 percent of that area. Compared with other renewable sources of energy, wind energy yield per acre is off the charts. For example, a farmer in northern Iowa could plant an acre in corn that yields enough grain to produce roughly $1,000 worth of fuel-grade ethanol per year, or he could use that same acre to site a turbine producing $300,000 worth of electricity each year.

Because turbines take up only 1 percent of the land covered by a wind farm, ranchers and farmers can, in effect, double-crop their land, simultaneously harvesting electricity while producing cattle, wheat or corn. With no investment on their part, farmers and ranchers can receive $3,000 to $10,000 a year in royalties for each wind turbine on their land. For thousands of ranchers on the U.S. Great Plains, wind royalties will one day dwarf their earnings from cattle sales.

Wind is also abundant. In the United States, three wind-rich states—North Dakota, Kansas, and Texas—have enough harnessable wind energy to easily satisfy national electricity needs. Another attraction of wind energy is that it is not depletable. The amount of wind energy used today has no effect on the amount available tomorrow.

Unlike coal, gas, and nuclear power plants, wind farms do not require water for cooling. As wind backs out coal and natural gas in power generation, water will be freed up for irrigation and other needs.

Perhaps wind’s strongest attraction is that there is no fuel cost. After the wind farm is completed, the electricity flows with no monthly fuel bill. And while it may take a decade to build a nuclear power plant, the construction time for the typical wind farm is one year.

Future wind complexes in the Great Plains, in the North Sea, off the coast of China or the eastern coast of the United States may have generating capacity measured in the tens of thousands of megawatts. Planning and investment in wind projects is occurring on a scale not previously seen in the traditional energy sector.

One of the obvious downsides of wind is its variability. But as wind farms multiply, this becomes less of an issue. Because no two farms have identical wind profiles, each farm added to a grid reduces variability. A Stanford University research team has pointed out that with thousands of wind farms and a national grid in a country such as the United States, wind becomes a remarkably stable source of electricity.

In more densely populated areas, there is often local opposition to wind power— the NIMBY (“not in my backyard”) response. But in the vast ranching and farming regions of the United States, wind is immensely popular for economic reasons. For ranchers in the Great Plains, farmers in the Midwest or dairy farmers in upstate New York, there is a PIMBY (“put it in my backyard”) response.

Farmers and ranchers welcome the additional income from having wind turbines on their land. Rural communities compete for wind farm investments and the additional tax revenue to support their schools and roads.

One of the keys to developing wind resources is building the transmission lines to link wind-rich regions with population centers. Perhaps the most exciting grid project under development is the so-called Tres Amigas electricity hub, a grid interconnection center to be built in eastern New Mexico. It will link the three U.S. electricity grids — the Eastern, Western, and Texas grids. Tres Amigas is a landmark in the evolution of the new energy economy. With high-voltage lines linking the three grids where they are close to each other, electricity can be moved from one part of the United States to another as conditions warrant. By matching surpluses with deficits over a broader area, electricity wastage and consumer rates can both be reduced. Other long distance transmission lines are under construction or in the planning stages.

We know that rapid growth in wind generation is possible. U.S. wind generating capacity expanded by 45 percent in 2007 and 50 percent in 2008. If we expanded world wind generation during this decade at 40 percent per year, the 238,000 megawatts of generating capacity at the end of 2011 would expand to nearly 5 million megawatts in 2020. Combined with an ambitious solar and geothermal expansion, along with new hydro projects in the pipeline, this would total 7.5 million megawatts of renewable generating capacity, enabling us to back out all of the coal and oil and most of the natural gas now used to generate electricity. (See data.)

In addition to the shift to renewable sources of energy, there are two other critical components of this climate stabilization plan: rapidly increasing the energy efficiency of industry, appliances, and lighting, and restructuring the transportation sector, electrifying it as much as possible while ramping up public transit, biking and walking. (With this latter component, we would be able to back out much of the oil used for transportation.)

This energy restructuring would require roughly 300,000 wind turbines per year over the next decade. Can we produce those? For sure. Keep in mind that the world today is producing some 70 million cars, trucks, and buses each year. Many of the wind turbines needed to back out fossil fuels in electricity generation worldwide could be produced in currently idled automobile assembly plants in the United States alone. The plants would, of course, need to be modified to shift from automobiles to wind turbines, but it is entirely doable. In World War II, Chrysler went from making cars to tanks in a matter of months. If we could do that then, we and the rest of the world can certainly build the 300,000 wind turbines per year we now need to build the new energy economy and stabilize the climate.

For the first time since the Industrial Revolution began, we have an opportunity to invest in alternative sources of energy that can last as long as the Earth itself. The choice is ours. We can stay with business as usual, or we can move the world onto a path of sustained progress. The choice will be made by our generation, but it will affect life on Earth for all generations to come.

# # # 


Adapted from “Exciting News About Renewable Energy,” by Lester R. Brown, in the October/November 2012 issue of Mother Earth News.

Lester R. Brown is President of Earth Policy Institute and author of Full Planet, Empty Plates: The New Geopolitics of Food Scarcity.

Data and additional resources at www.earth-policy.org

Feel free to pass this information along to friends, family members, and colleagues!

Media Contact: Reah Janise Kauffman (202) 496-9290 ext. 12 | rjk@earthpolicy.org
Research Contact: Janet Larsen (202) 496-9290 ext. 14 | jlarsen@earthpolicy.org


Drugs giant Roche accused of sitting on trial data for flu treatment

Doubts remain about efficacy and safety of Tamiflu, stockpiled for use in pandemics

By Jeremy Laurance

The Independent

The pharmaceutical giant Roche is being accused of irresponsibly withholding key trial data about a vital flu drug on which governments around the world have spent billions of pounds.

The anti-flu drug Tamiflu has been stockpiled by countries against the outbreak of a flu pandemic since 2004. The UK alone has spent £500m.

Yesterday, the British Medical Journal launched a campaign to persuade Roche to give doctors and patients the full data on Tamiflu, three years after doubts about its safety and efficacy emerged.

In 2009, researchers from the Cochrane Collaboration found that results of eight out of 10 key trials of Tamiflu were never fully published and concluded there was "insufficient data" to show it reduced complications – a vital factor in a pandemic which could save lives.

Roche promised to release the full data, but then reneged on its promise, according to the BMJ. The journal's editor, Fiona Godlee, published an open letter to Sir John Bell, the Regius Professor of Medicine at Oxford University and a board member of Roche, in which she appeals to him to use his influence to persuade the company to release the data "for independent scrutiny".

The two trials that have been published, she says, "were funded by Roche and authored by Roche employees and Roche-paid external experts" and "could not be relied on".

There have now been 123 trials of Tamiflu but 60 per cent of the patient data "remains unpublished", she says. "I am appealing to you as an internationally respected scientist and clinician and a leader of clinical research in the UK to bring your influence to bear," she writes.

"In refusing to release these data of enormous public interest, you [the company's directors] put Roche outside the circle of responsible pharmaceutical companies. Billions of pounds of public money have been spent on [Tamiflu] and yet the evidence on its effectiveness and safety remains hidden from appropriate and necessary independent scrutiny."

The European Medicines Agency announced last week that it was investigating Roche's alleged failure to report side-effects of some of its drugs in as many as 80,000 patients, following a review by the UK Medicines and Health Products Regulatory Agency. If found guilty, the company could be fined up to 5 per cent of its sales in the EU – which amounted to 8.2bn Swiss francs (£5.4bn) in 2011.

In the Commons, the Conservative MP Sarah Wollaston, a GP, called last week for drug companies to publish all clinical trial results, saying it was "vitally important for patient safety" and would give a "completely different evidence base for medicine."

The UK was among the first countries to place bulk orders for Tamiflu (and smaller amounts of Relenza, a rival drug made by GlaxoSmithKline) for stockpiling when fears about a possible avian flu pandemic emerged in 2003 and 2004.

The stockpile was used during the swine flu outbreak of 2009, but because the illness was mild in most people demand remained low.

Dr Godlee said yesterday: "Tamiflu was licensed over 10 years ago and has been in widespread use since. Once a drug is licensed it becomes a drug on which public money is spent and lives may be put at risk. Inevitably if there is information we are not allowed to see we wonder what is in there. There is a legitimate scientific question [about its safety and efficacy] which can only be answered by looking at the data. It is just shocking."

A spokesman for Roche said: "Roche provided the Cochrane group with access to 3,200 pages of very detailed information, enabling their questions to be answered. Roche stands behind the robustness and integrity of our data supporting the efficacy and safety of Tamiflu."

Sir John Bell was not available for comment yesterday.