Infinite Unknown

Investors are fleeing from the U.S. stock market, Sending the Dow to Worst June Since Depression, looking for places to secure their wealth.

There is an unprecedented cash flow of ‘hot money’, which is usually defined as short-term global speculative funds moving among financial markets in search of the highest short-term return, moving into China:
Is China flooded with ‘hot money’ because of an expected meltdown in the U.S.?

Let’s further examine the prospects that we would experience a total crash of the entire financial system:

- Fortis Bank Predicts US Financial Market Meltdown Within Weeks

We have seen the Dow suffering it’s worst 1st half since ‘70 accompanied by a lot of bad news for the economy like:
- US: Big Trouble for General Motors, Crysler and Ford
- America’s Aviation System About To Collapse
- Starbucks to cut as many as 12,000 positions
And now the corporations are cheating you at the supermarkets: America’s Shrinking Groceries

The Dollar is being destroyed by the Federal Reserve, which has created in the last three years 4 Trillion Dollars of new money out of thin air: Ron Paul on Iran and Energy June 26, 2008

Ron Paul is further warning that: This coming crisis is bigger than the world has ever experienced
and that: We are at the beginning of a huge Dollar bubble.

The US Federal Reserve intentionally created inflation and that is why its credibility has fallen “below zero” and that is why Barclays warns of a financial storm as Federal Reserve’s credibility crumbles.

More dire warnings:
- RBS issues global stock and credit crash alert
- Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve
- Central bank body warns of Great Depression
- Credit crisis expands, hitting all kinds of consumer loans
- How Low Can The Dollar Go? Zero Value

Investors like Jim Rogers are telling us to “Avoid The Dollar At All Costs” and have told us that the Federal Reserve will fail and that Bernanke should be fired (alhough that isn’t possible because of his contract), because he has created the worst recession in the end and thats why he said: “Abolish the FED” on CNBC 2008.03.12.

The Fed is only doing good for the big corporations on Wall Street. If you would continuously come close to bankruptcy, because you have irresponsibly wasted your money, who will continuously give you billions of Dollars and bail you out, because you might fail? So I agree totally with Marc Faber: ‘Misleading’ Fed Should Let Banks Fail.

Well those corporations are said to be to “Big to Fail”, but they eventually will fail, because the entire system will fail and the Dollar is being destroyed in the process and so the people will end up with nothing, because their life savings are worthless paper. You are already paying the price for this policy, but maybe you haven’t looked at it that way:
The Price Of Food: 2007 - 2008
What inflation really is, is a taxation on monetary assets. And guess who is paying for all of that?

I just love this video. A must see:
The Stock Market and the Monetary System are on the verge of collapse!

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Tags: 9/11, airlines, bank failure, Barclays, Ben Bernanke, bubble, China, Citigroup, Condoleezza Rice, Constitution, crash, Credit Crisis, Dennis Kucinich, Depression, Dick Cheney, Dollar, Donald Rumsfeld, Dow Jones, ECB, Fed, Federal Reserve, Food Prices, G. W. Bush, General Motors, Gold, Government, Great Depression, Hyperinflationary Depression, IMF, Inflation, Iran, Meltdown, Monetary System, Morgan Stanley, mortgage crisis, Mortgages, New World Order, Oil, Oil Prices, Pentagon, Ron Paul, Silver, Starbucks, Stock Market, U.S., Wall Street, War

Related articles:
- Floods may boost world food prices for years
- Floods wipe out US crops
- The Best Farmland in the U.S. Is Flooded; Most Americans Are Too Stupid to Panic
- The Price Of Food: 2007 - 2008
- The U.S. Has No Remaining Grain Reserves
- Nine meals from anarchy - how Britain is facing a very real food crisis
- Time to Stockpile Food?
- Food Riots are Coming to the U.S.
- UN alert: One-fourth of world’s wheat at risk from new fungus
- THE FOUR HORSEMEN APPROACH - FAMINE IS IN THE AIR

A catastrophe for Iowa farmers will not be just a catastrophe for Midwestern Americans. In the Iowa floods, we’ll see more evidence of how the problems of weird weather (climate change) combine and ramify the problems associated with Peak Oil. In this particular case they lead to an inflection point sometime around the 2008 harvest season, which will also be our time of political harvest.

These are not your daddy’s or granddaddy’s floods. These are 500-year floods, events not seen before non-Indian people started living out on that stretch of the North American prairie. The vast majority of homeowners in Eastern Iowa did not have flood insurance because the likelihood of being affected above the 500-year-line was so miniscule - their insurance agents actually advised them against getting it.

The personal ruin out there will be comprehensive and profound, a wet version of the 1930s Dust Bowl, with families facing total loss and perhaps migrating elsewhere in the nation because they have no home to go back to.

Iowa in 2008 will be an even slower-motion disaster than Hurricane Katrina in 2005. Beyond the troubles of 25,000 people who have lost all their material possessions is a world whose grain reserves stand at record lows. The crop losses in Iowa will aggravate what is already a pretty dire situation. So far, the US public has experienced the world grain situation mainly in higher supermarket prices.

Cheap corn is behind the magic of the American processed food industry - all those pizza pockets and juicy-juice boxes that frantic Americans resort to because they have no time between two jobs and family-chauffeur duties to actually cook (note: reheating is not cooking).

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Tags: biofuel, climate change, corn, Disaster, erath changes, flood, Food, Food Prices, Food Riots, Food shortages, Grain, Iowa, Oil, Oil Prices, U.S.

American supermarkets are epics of excess: it often seems like every item in the store comes in a “Jumbo” size or has “Bonus!” splashed across the label. But is it possible that the amount of food Americans are buying is, in fact… shrinking? Well, yes. Soaring commodity and fuel prices are driving up costs for manufacturers; faced with a choice between raising prices (which consumers would surely notice) or quietly putting fewer ounces in the bag, carton or cup (which they generally don’t) manufacturers are choosing the latter. This month, Kellogg’s started shipping Apple Jacks, Cocoa Krispies, Corn Pops, Froot Loops and Honey Smacks containing an average of 2.4 fewer ounces per box.

Similar reductions have recently happened or are on the horizon for many other products: Tropicana orange juice containers are shrinking from 96 ounces to 89; Wrigley’s is dropping its the 17-stick PlenTPak in favor of the 15-stick Slim Pack; Dial soap bars now weigh half an ounce less, and that’s even before they melt in the shower. Containers of Country Crock spread, Hellmann’s mayonnaise and Edy’s and Breyer’s ice cream have all slimmed down as well (although that may not necessarily be a bad thing).

“People are just more sensitive to changes in price than changes in quantity,” says Harvard Business School Professor John Gourville, who studies consumer decision-making. “Most people can tell you how much a box of cereal costs, but they have no clue how much is actually in it.” Other segments of the economy have made similar moves to pass on their higher costs to the consumer without raising prices directly. American Airlines announced in May that it would charge $15 each way for a single checked bag, part of what airlines have dubbed “a la carte” pricing, which - along with the industrywide drive to put price tags on former freebies like soft drinks, meals and headphones - some airline observers say is really an effort to avoid increasing base ticket prices.

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Tags: Commodities, corporations, Food, Food Prices

Related article (Typhoon Fengshen):
- Fishing industry suffers after ferry tragedy:

“The government suspended all diving operations to recover bodies inside the vessel and banned fishing around the island on Friday after it was revealed the ferry was carrying a highly toxic pesticide.”

“Should the chemicals leak into its pristine waters the impact on local marine life would be devastating, according to marine biologists.”
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ILOILO CITY, Philippines - A “food shortage” looms in the next one to two months after massive floods due to typhoon “Frank” (international codename: Fengshen) devastated farm lands and livestock in the Western Visayas, President Gloria Macapagal-Arroyo’s adviser for the region said Sunday.

“We may face a food shortage, that is the extent of the damage from the typhoon,” Presidential Adviser on the Western Visayas Raul Bañas told reporters here after he received a delivery of relief supplies from Armed Forces Chief of Staff General Alexander Yano.

“In our aerial sorties, we saw firsthand how grave the damage is to crops. I think that’s one of the major problems we are facing,” he said.

Bañas said one of the affected provinces, Iloilo, is one of the top three rice-producing provinces in the country.

He said the floods destroyed 22 hectares or rice lands, equivalent to 66,000 metric tons of rice, and “almost wiped out” livestock and fisheries in the region.

In Cadiz town in Negros Occidental, Bañas said the storm destroyed half a billion pesos worth of fishing boats.

Bañas appealed for donations of potable water, saying the water systems destroyed by the storm have not been repaired.

By Joel Guinto
06/29/2008

Source: Inquirer.net

Tags: Disaster, Food, Food Prices, Food shortages, Gloria Macapagal-Arroyo, Government, Philippines, rice, rice price, Typhoon

Thousands of Manila’s poorest scavenge for recyclables daily at the city’s main waste disposal site in a smouldering district known as “Smokey Mountain.” Rice price spikes have caused greater hardship.

A spike in rice prices means increased hardship for millions of Filipinos living on less than $2 a day

MANILA - Amid the sprawl and stench of this city’s main dump - its air thick with charcoal and fleas - Redentor Escarcha is beaming.

The sinewy 26-year-old, his skin glistening with sweat, is one of thousands who come here every day to mine the Philippines’ capital’s garbage for recyclables: cans, cardboard, copper cables, anything of value.

It’s only 11 a.m. but Escarcha knows that what he has collected in his sack so far is worth more than 200 pesos (about $4.50). Most days this father of four earns about $3.

He knows the precise value of everything here - and he should. Escarcha is a veteran who has worked this dump for 19 years, ever since he was 7 years old.

He was born here.

“I was just lucky,” he says, explaining how he hit upon a treasure trove of high-quality glass this particular morning.

Lucky?

Yes. In Escarcha’s value system, today is another day he’ll be able to feed his family.

To appreciate the impact of increases in the cost of food in the developing world, you have to appreciate the depths of its poverty.

Here in “Smokey Mountain,” as this dump is known, poverty runs about as deep as it can get.

An estimated 15,000 to 20,000 people live on the margins of the landfill.

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Tags: children, Food, Food Prices, Food Riots, Food shortages, Government, Philippines, rice

Related articles:

- Floods wipe out US crops

- The Best Farmland in the U.S. Is Flooded; Most Americans Are Too Stupid to Panic
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LEVEES on the cresting Mississippi River held today as the worst US Midwest flooding in 15 years began to ebb, but multibillion-dollar crop losses may boost world food prices for years.

Water levels on the river receded for the second straight day as mostly clear weather gave saturated areas a chance to start draining. Forecasts for similar dry weather in coming days gave further encouragement.

The swollen river was expected to crest tomorrow in St Louis at 11.9 metres, 3.3 metres below the record set in 1993 and a level considered “manageable”, said US Army Corps of Engineers St Louis District spokesman Alan Dooley.

“The crest in the areas up the Mississippi River in the district has passed,” Dooley said. “The water is still up very high and it is up against levees.”

Continue reading »

Tags: flood, Food, Food Prices, Food shortages, Mississippi

Related articles:
- The U.S. Has No Remaining Grain Reserves
- Floods wipe out US crops
- Nine meals from anarchy - how Britain is facing a very real food crisis
- Time to Stockpile Food?
- Food Riots are Coming to the U.S.
- UN alert: One-fourth of world’s wheat at risk from new fungus
- THE FOUR HORSEMEN APPROACH - FAMINE IS IN THE AIR

The meat prices will very soon go through the roof too, because the livestock is fed with corn, soybeans and hay. And the prices will continue to rise because of accelerating inflation, the missing bees, flooding and more natural disasters coming. - The Infinite Unknown
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Source: Cattle Network

Tags: climate change, earth changes, Food, Food Prices, Grain, Inflation, rice, soybeans, wheat

Jun 27, 2008

In 2002, Scott Ritter, the former chief United Nations weapons inspector In Iraq, publicly accused the Bush administration of lying to Congress and the public about assertions that Iraq was hiding a chemical and biological weapons arsenal.

By speaking out publicly, Ritter emerged as one of the most prominent whistleblowers since Daniel Ellsberg leaked the Pentagon Papers to The New York Times in the early 1970s.

Ritter’s criticisms about the Bush administration’s flawed prewar Iraq intelligence have been borne out by numerous investigations and reports, including one recently published by the Senate Armed Services Committee that found President George W. Bush, Vice President Dick Cheney, and other senior administration officials knowingly lied about the threat Iraq posed to the United States.

Now Ritter, who was a Marine Corps intelligence officer for 12 years, is speaking out about what he sees as history repeating itself regarding U.S. policy toward Iran and the inevitability of a U.S.-led attack on the country, which he believes will happen prior to a new president being sworn into office in January 2009.

“We’re going to see some military activity before the new administration is sworn in.” Ritter said. But he added that “Iran is not a threat to the United States and Iran is not pursuing a nuclear weapons program. That’s documented.” Ritter teamed up with the Los Angeles-based U.S. Tour of Duty’s Real Intelligence, a nonprofit organization that represents former intelligence officials who openly discuss domestic and foreign policy issues. Ritter went on the road nearly a year ago to promote his recently published book, Waging Peace: The Art of War for the Antiwar Movement. But over the past several months, issues related to Iran have dominated his discussions.

In a wide-ranging interview with The Public Record, Ritter said he has been keeping close tabs on the issue for years and continues to approach the issue as if he were still employed as an intelligence officer. He explained why he believes the U.S. is gearing up toward launching a military strike in Iran and how the media has misrepresented a recent report by the International Atomic Energy Association (IAEA) regarding Iran’s continued enrichment of uranium.

AIPAC

He said one of the reasons he believes Democratic lawmakers have been reluctant to address the issue is the powerful Israeli lobby, such as the American Israel Public Affairs Committee (AIPAC). AIPAC has been pressuring the Bush administration to be even tougher on Iran. The lobby is largely responsible for drafting a resolution calling for stricter inspections and harsher economic sanctions against the country, which is expected to be voted on by the House next week.

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Tags: AIPAC, Air Force, Bush administration, CIA, Congress, Dick Cheney, Food, Food Prices, G. W. Bush, Government, Iran, Iraq, Israel, Military, Nuclear weapons, Oil, Oil Prices, U.S., uranium, War, White House