New Asian Union Means The Fall Of The Dollar

“Since at least 2005, China has been taking the exact steps required to counter the brunt of a global debt collapse; not enough to make it untouchable, but enough that its infrastructure will survive. One could even surmise that China’s actions indicate a foreknowledge of the events that would eventually escalate in 2008. How they knew is hard to say, but if the available evidence causes you to lean towards collapse as a Hegelian creation (and it should if you are paying any attention), then China’s activity begins to make perfect sense. If a globalist insider told you that in a few short years the two most powerful financial empires in the world were going to topple like bowling pins under the weight of their own liabilities, what would you do? Probably separate yourself as much as possible from the diseased dynamic and construct your own replacement system. This is what China has done…

“China started with the circulation of Yuan denominated bonds, like T-Bonds, meant to securitize Chinese debt, creating an outlet for the currency to go global. China’s considerable forex and bond reserves make this move a rather suspicious one. With so much savings at their disposal, why bother to issue bonds at all? Why threaten the traditional export based economy and the uneven trade advantage that the country had been thriving on for decades? The success of Chinese bonds would mean the internationalization of the Yuan, a floating valuation of the currency, and the loss of the desirable trade deficit with the U.S. Back in 2005, this all would surely seem like a novelty that was going nowhere fast. Of course, today China’s actions suggest an unprecedented push to convert to a consumer hub at the center of a massive trading bloc. To put it simply; China knew ahead of schedule that the U.S. was no longer going to be a viable customer, and reliance on such a country would spell disaster. They have been preparing to break away from America’s consumer markets and the dollar for some time.

“In 2008, after China announced the use of the Yuan in cross border trade on a limited basis, I began to write about the possibility that China was preparing to break from the Greenback. For the past few years my primary focus in terms of finance has been the East as a kind of warning bell for the state of the global economy. In 2009 and 2010, it became absolutely clear that China (with the help of global corporate entities) was developing the skeleton of a new system; a trade network that that had the capacity to supplant the U.S. and end the dollar’s world reserve status.” …

http://www.zerohedge.com/news/guest-post-new-asian-union-means-fall-dollar-0

 

Dismantling Corporations: The Mortality Angle

Entities which claim human rights must also accept human mortality if they are to remain within a framework of human laws.

“We are out of the habit of contesting the legitimacy of the corporation, or challenging concocted legal doctrines, or denying courts the final say over our economic lives.

For most of this century, citizens skirmished with corporations to stop doing harm, but failed to question the legitimacy of the harmdoers. We do not use the charter and the chartering process to stop corporate harm, or to define the corporation on our terms.

For one hundred years after the American Revolution, citizens and legislators fashioned the nation’s economy by directing the chartering process.

The laborers, small farmers, traders, artisans, seamstresses, mechanics and landed gentry who sent King George III packing feared corporations. As pamphleteer Thomas Earle wrote:

Chartered privileges are a burthen, under which the people of Britain, and other European nations, groan in misery.

They knew that English kings chartered the East India Company, the Hudson’s Bay Company and many American colonies in order to control property and commerce. Kings appointed governors and judges, dispatched soldiers, dictated taxes, investments, production, labor and markets. The royal charter creating Maryland, for example, required that the colony’s exports be shipped to or through England.

Having thrown off English rule, the revolutionaries did not give governors, judges or generals the authority to charter corporations. Citizens made certain that legislators issued charters, one at a time and for a limited number of years. They kept a tight hold on corporations by spelling out rules each business had to follow, by holding business owners liable for harms or injuries, and by revoking charters.

What passes for political debate today is not about control, sovereignty, or the economic democracy which many American revolutionaries thought they were fighting to secure.

Too many organizing campaigns accept the corporation’s rules, and wrangle on corporate turf. We lobby congress for limited laws. We have no faith in regulatory agencies, but turn to them for relief. We plead with corporations to be socially responsible, then show them how to increase profits by being a bit less harmful.

How much more strength, time, and hope will we invest in such dead ends?”

http://www.ratical.org/corporations/TCoB.html

Pentagon Finds No Fault in Ties to TV Analysts

“The results of the inquiry … confirm that the Pentagon under Donald Rumsfeld made a concerted effort … to build and sustain public support for the wars in Iraq and Afghanistan. The inquiry found that from 2002 to 2008, Rumsfeld’s Pentagon organized 147 events for 74 military analysts. The inquiry confirmed that Rumsfeld’s staff frequently provided military analysts with discussion points before their network appearances.”

http://www.nytimes.com/2011/12/25/us/pentagon-finds-no-fault-in-its-ties-to-tv-analysts.html

Question for the military: Did they parrot the administration’s lies or actually offer expert commentary?  Either way it’s unethical, but if they spread lies it’s also treasonous.

How Independent Are Vaccine Defenders?

“They’re some of the most trusted voices in the defense of vaccine safety: the American Academy of Pediatrics, Every Child By Two, and pediatrician Dr. Paul Offit. But CBS News has found these three have something more in common – strong financial ties to the industry whose products they promote and defend. The vaccine industry gives millions to the Academy of Pediatrics for conferences, grants, medical education classes and even helped build their headquarters. The totals are kept secret, but public documents reveal bits and pieces. A $342,000 payment from Wyeth, maker of the pneumococcal vaccine – which makes $2 billion a year in sales. A $433,000 contribution from Merck, the same year the academy endorsed Merck’s HPV vaccine – which made $1.5 billion a year in sales. Every Child By Two, a group that promotes early immunization for all children, admits the group takes money from the vaccine industry, too – but wouldn’t tell us how much. Then there’s Paul Offit, perhaps the most widely-quoted defender of vaccine safety. He’s gone so far as to say babies can tolerate “10,000 vaccines at once.” In fact, he’s a vaccine industry insider. Offit holds in a $1.5 million dollar research chair at Children’s Hospital, funded by Merck. He holds the patent on an anti-diarrhea vaccine he developed with Merck. And future royalties for the vaccine were just sold for $182 million cash.”

http://www.cbsnews.com/stories/2008/07/25/cbsnews_investigates/main4296175.shtml

Bt Crops Failures & Hazards

The claim that genetically modified organisms are the most promising way of increasing crop yields is falsified by many independent scientific studies, as well as direct experience with GM crops in India, China, Argentina and the United States.  Dr. Eva Sirinathsinghji reviews evidence on Bt crops.

Rising insect resistance to genetically modified (GM) crops including Monsanto’s biggest selling crop, Bt corn, is threatening their utility and profitability. Insect resistance has prompted a new investigation by the Environmental Protection Agency (EPA). According to documents in the newly opened docket (Docket No: EPA-HQ-OPP-2011-0922) [1], “severe” damage to corn by rootworm has occurred in four states in the US. Further, the EPA describe Monsanto’s insect resistance monitoring program as “inadequate”. The EPA will collect public information to tackle the damage that could cause serious crop and economic damage. Amidst this investigation, Monsanto are seeing significant falls in their share prices [2]. Comments and information regarding insect resistance can be submitted to the EPA on their website [1].

In 2010, GM crops engineered to produce insecticidal toxins from the Bacillus thuringiensis (Bt) bacterium, were grown on more than 58 million hectares of land globally [3]. First commercialised in the US in 1996, it is also the only commercialised GM crop grown in the EU, with Spain being the largest producer. Despite their widespread commercialisation, the evidence for their functionality is still elusive, while evidence of their harm to the environment, people’s health, economic security and self-determination is continually mounting.

GM proponents have repeatedly claimed that Bt crops can help combat world hunger by increasing crop yields while reducing pesticide use, thereby providing a more productive and environmentally safe option over traditional varieties. However, as highlighted by a recent report conducted by 20 Indian, Southeast Asian, African and Latin American food and conservation groups representing millions of people, these claims are false. Pesticide use has increased, while GM crop yields are lower than conventional varieties (see [4] Transgenic Cotton Offers No Advantage, SiS 38) and world hunger is at epic proportions [5].

Risk assessments of Bt toxins to date have been inadequate, not least due to inexplicable lack of reliable data on the concentrations of Bt toxin produced in plants, including the roots and pollen. The purported efficacy and safety of these products cannot be established when exposure levels have not be reliably determined. A new study reported a standardised method to test Bt toxin levels and still found significant variation in results, highlighting the variability in previous studies [6]. In particular, reports of declining concentrations in the food chain and soils are unreliable and need to be re-evaluated and repeated. Despite these inadequacies in risk assessments so far, evidence of the Bt toxicity to environment and health is steadily accumulating.

The present review summarises all the evidence surrounding the efficacy and safety of Bt crops with regards to pest control, human health and environmental impact.”

http://www.i-sis.org.uk/Bt_crops_failures_and_hazards.php

Corporate psychopaths

“In a paper recently published in the Journal of Business Ethics entitled “The Corporate Psychopaths: Theory of the Global Financial Crisis”, Clive R Boddy identifies these people as psychopaths.

“They are,” he says, “simply the 1 per cent of people who have no conscience or empathy.” And he argues: “Psychopaths, rising to key senior positions within modern financial corporations, where they are able to influence the moral climate of the whole organisation and yield considerable power, have largely caused the [banking] crisis’.

And Mr Boddy is not alone. In Jon Ronson’s widely acclaimed book The Psychopath Test, Professor Robert Hare told the author: “I should have spent some time inside the Stock Exchange as well. Serial killer psychopaths ruin families. Corporate and political and religious psychopaths ruin economies. They ruin societies.”

Cut to a pleasantly warm evening in Bahrain. My companion, a senior UK investment banker and I, are discussing the most successful banking types we know and what makes them tick. I argue that they often conform to the characteristics displayed by social psychopaths. To my surprise, my friend agrees.

He then makes an astonishing confession: “At one major investment bank for which I worked, we used psychometric testing to recruit social psychopaths because their characteristics exactly suited them to senior corporate finance roles.”

Here was one of the biggest investment banks in the world seeking psychopaths as recruits.” …

http://www.independent.co.uk/news/business/comment/brian-basham-beware-corporate-psychopaths–they-are-still-occupying-positions-of-power-6282502.html

Transparency in all things