Thanks for posting that amazing video TR8R! I hope everyone takes the time to watch it, and passes it on. We have until May 2008 - the clock is ticking. I vote we rename ourselves the Freedom & Peace Army... if they take our freedom, what's the use of forex, or any market?
-=Black Knight
Apologies for going off Forex here but a comment on that film is warranted, it was rather frightening but confirms what we have been feeling.
Fortunately I live in the UK, (where it is no longer safe to walk in the streets and you can be detained under the terrorism act for calling out at a political meeting for a recently increased term of 50 days without charges), (we don't need rendition,) however we are having the European constitution forced upon us without a vote, (although we were promised a referendum) we are also having ID cards forced upon us. It was plain that those involved in the film thought that RFID chips could not be forged, we know that the new UK ID cards can be forged just as the new US passports with bio information can be bought now in the UK. The film reminded me of two specific things: Firstly the Illuminatus trilogy and secondly the Builderberger group. The most worrying thing was the lack of intervention and publicising of the situations by the media.
However here we are knowing that it's all fixed, but we just need to know which way it's going and more importantly, when.
I strongly agree with Rob Grespi about the water situation China has very few years left if they continue using and polluting it at the current rate. Australia already has a shortage. The equatorial desert areas expand each year and major water distribution projects need to be built in many countries. However with short term governments in what used to be western democratic countries, these long term infrastructures are always left until crisis point. (Like the power stations in the UK now unable to cope if we have a cold winter since many were closed down to save cost, and being 10-15 years behind in the Nuclear build program) We are also likely to run out of food since there will not be sufficient areas growing it that have enough water and have not been turned over to biofuel crops so basically, we're all gonna die.
This added today 17Nov from Bill Bonner in the Daily Reckoning eletter part only shown:
Bill Bonner in London:
Inflation is not supposed to be a problem. If it is not under house arrest it is at least wearing an ankle bracelet. But there is growing evidence that it is on the loose.
As to why it is supposed to be under control, the usual explanation is that the entry of Asia into the world economy has reduced labour costs. Since labour is such a big part of both manufactured goods and services, it is reasonable to think that lower wages will lead to lower prices.
As to why inflation may now be at large, we offer the following: the Asians have to eat too.
Wages in mainland China are said to be going up at nearly 20% per year. In other words, the cheap labour is not as cheap as it once was…and getting more expensive each year. And now that these wage-earners are coming up in the world, they want a little more meat in their soup.
Money, as we all knows, practically grows on trees. But food does not. (Readers can try to fix that metaphor on their own time.) And putting more Asians to work does not automatically increase the supply of farmland…or what grows on top of it…or what lies underneath of it. So, what we’ve been seeing is just what you’d expect. While increased industrial output has managed to hold prices down for manufactured goods, the rising supply of money has forced up prices for things that don’t come out of factories. Gold, contemporary art, land, and cooking oil come to mind.
Cooking oil comes to mind because it was in the news this week:
“…this past Saturday in Chongqing,” reports the New York Times, “people began lining up before dawn when a Carrefour store offered a discount on large jugs of cooking oil, an essential for a lot of Chinese cooking. When the doors opened, a stampede ensued, killing 3 people and injuring 31. China’s commerce ministry responded on Monday by ordering a ban on limited-time sales promotions.”
Officially, prices are rising at a 6.5% annual rate in China. Even at the official rate, the Chinese have not seen so much inflation in nearly 11 years. But food is rising faster…at a 17.6% rate. This is a big problem in China. Because people don’t earn much money; they have to spend a lot of it on food. That’s why people got killed trying to get a good deal on cooking oil.
We recall that Jacques Diouf, director general of the UN’s Food and Agriculture Organisation had predicted only weeks ago: “If prices continue to rise, I would not be surprised if we began to see food riots.”
Well, there you are, Mr. Diouf. You were right.
But in the meantime, does any body know which LSE listed companies make large water pipes and pumps?
