Tuesday, November 30, 2010
Protecting the Afghan Opium and Marijuana Crops, and Other Empirical Mandates
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There is no question that the world is at a boil
Germany is drawing anger; N. Korea has attacked S. Korea; flaying about the FED’s Mr. Bernanke blames China for America’s sad economic and financial dilemma; five suits, class action and RICO, have been filed against JPMorgan Chase and HSBC for having manipulated silver prices and class actions are rumored to be in process for naked shorting, which has been rampant in the market for years, a felony hedge fund investigation of insider trading, which the SEC has absolutely refused to pursue. The US is still occupying Iraq and has a war raging in Afghanistan to protect the opium and marijuana crops, the largest in the world, which generate $300 billion in profits a year. Socialists, having recently relinquished power in the US House of Representatives are calling Republicans an axis of depression. The socialist, what they cannot control, they attempt to destroy. It reminds us of Italy’s communists........read on
Remonetization of Silver: At What Price?
By Ryan Jordan:A Very Short History of Silver as Money
Most of the words for currencies in use today derive from names for silver coins. The central European "Thaler," believed by most to be the antecedent to the term Dollar (used by not less than seventeen countries and territories today), was a silver coin. The Peso (used by at least five countries that I can think of) was originally silver, and a Pound Sterling referred to a weight of coined silver, not gold. When the Pilgrims came to Plymouth in 1620, they, like their descendants, were chronically short of precious metal, but if they had any coins with them, they would have had silver in them, and not gold. Fast forward 170 years: Secretary of the Treasury Alexander Hamilton, when devising the currency for the United States, mandated 24.05 grams of pure silver for every silver dollar. Hamilton also mandated that the ratio of gold to silver be 1:15. Over the course of the next seventy years this relationship was more or less intact, except that it did oscillate, and people took advantage of trading in their expensive gold for cheaper silver and vice versa when the market distorted the ratio.......read in full
Wikileaks documents being poured over
An interesting extract of Saudi Arabia offer energy security if they supported actions designed to prevent Iran building a nuclear weapon:
FM SAUD: CHINA NEEDS TO MORE ACTIVELY COUNTER
IRANIAN NUKES
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9. (C) Deputy Foreign Minister Dr. Prince Torki told visiting
NEA A/S Feltman on January 26 (ref C) that FM Saud had
pressed the Chinese Foreign Minister hard on the need to be
more active in working with the rest of the international
community and the UN Security Council to counter the threat
of Iran developing a nuclear weapon. FM Saud told FM Yang
that Saudi Arabia was convinced Iran intended to develop a
nuclear weapon, despite its assurances, and that only
concerted international action could stop that. While no
explicit bargain was discussed, Dep FM Torki explained that
Saudi Arabia understood China was concerned about having
access to energy supplies, which could be cut off by Iran,
and wanted to attract more trade and investment. Saudi
Arabia was willing to provide assurances on those scores to
China, but only in exchange for tangible Chinese actions to
restrain Iran,s drive for nuclear weapons.