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- Talk of a Greek Exit Gets Louder
- Doug Casey on Taxes and Freedom, Part II
- Is Facebook the Rusty Hinge of the Stock Market?
- Fitch Downgrades Japan
- Doug Casey on Taxes and Freedom
- Greeks Run on Banks as Euro-Confidence Wanes
- To the Class of 2012
- Hedge Funds Bail On Euro Now
- Expatriation in the Wake of the Facebook IPO
UN Guidelines Use Corporations in African “Land Grab”
Whoever controls the land controls the nation.
Corporations and foreign governments have been “ land-grabbing” from third world nations to control agriculture.
“What is missing the most in terms of land grabbing is a clear condemnation of this practice. That was one of the baseline demands of civil society,” Stephane Parmentier from aid agency Oxfam. “It was impossible to include it, because it was too sensitive and too controversial for quite a lot of member states.”
Nations like Ethiopia, South Sudan, Democratic Republic of Congo and Sierra Leone, in Africa have “voluntarily” signed agreements with multi-national corporations and foreign investors, allowing them to control agricultural land. The nation’s leaders believe that giving access to their resources will benefit their people; however this is just another manipulative ploy to coercively acquire control over land, food production and securitization.
The world’s governments have agreed to follow UN dictated guidelines over land, and who controls the fate of land.
The United Nations (UN) has enacted global guidelines on purchasing agricultural land from developing nations like Africa and Asia.
The UN claims that to secure equality for the poor and disadvantaged, this international body must control their lands through the allowance of mutli-national corporations and governments who will develop the land for agriculture and securitize the crop yields; thereby giving the UN control over the global food supply.
The document entitled “ The UN Global Compact and the OECD Guidelines for Multinational Enterprises” outlines through “voluntary” means, the UN will implement their international guidelines with respect to corporate conduct, standards and abilities.
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US Companies Are Furiously Creating Jobs… Abroad
Whatever one thinks of the practical implications of the Kalecki equation (and as we pointed out a month ago, GMO’s James Montier sure doesn’t think much particularly when one accounts for the ever critical issue of asset depreciation), it intuitively has one important implication: every incremental dollar of debt created at the public level during a time of stagnant growth (such as Q1 2012 as already shown earlier) should offset one dollar of deleveraging in the private sector. In turn, this should facilitate the growth of private America so it can eventually take back the reins of debt creation back from the public sector (and ostensibly help it delever, although that would mean running a surplus – something America has done only once in the post-war period). This growth would manifest itself directly by the hiring of Americans by US corporations, small, medium and large, who in turn, courtesy of their newly found job safety, would proceed to spend, and slowly but surely restart the frozen velocity of money which would then spur inflation, growth, public sector deleveraging, and all those other things we learn about in Econ 101. All of the above works… in theory. In practice, not so much. Because as the WSJ demonstrates, in the period 2009-2011, America’s largest multinational companies: those who benefit the most from the public sector increasing its debt/GDP to the most since WWII, or just over 100% and rapidly rising, and thus those who should return the favor by hiring American workers, have instead hired three times as many foreigners as they have hired US workers. Those among us cynically inclined could say, correctly, that the US is incurring record levels of leverage to fund foreign leverage, foreign employment, and, most importantly, foreign leverage.
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Pakistan And India To Go To War Over Water?
A peaceful and stable Pakistan is integral to western efforts to pacify Afghanistan, but Islamabad’s obsessions with its giant eastern neighbor may render such issues moot.
Since partition in 1947, Pakistan and India have fought four armed conflicts, in 1947, 1965, 1971 (which led to the establishment of Bangladesh, formerly East Pakistan) and the 1999 Kargil clash.
With the exception of the 1971 conflict, which involved rising tensions in East Pakistan, the others have all involved issues arising from control of Kashmir.
But now a rising new element of discord threatens to precipitate a new armed clash between southern Asia’s two nuclear powers – water.
Lahore’s “The Nation’ newspaper on Sunday published an editorial entitled, “War with India inevitable: Nizami,” the newspaper’s Editor-in-Chief and Nazaria-i-Pakistan Trust Chairman, Majid Nizami, asked his fellow citizens to prepare for a war with India over water issues. Nizami told those attending the “Pakistan-India relations; Our rulers- new wishes” session at Aiwan-e-Karkunan Tehrik-e-Pakistan, which he chaired, “Indian hostilities and conspiracies against the country will never end until she is taught a lesson.”
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The Global Debt Clock – interactive map of government debt across the planet
Economist.com The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have…
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The history of petrodollar recycling…
According to research outlined in Dr. David Spiro’s book, The Hidden Hand of American Hegemony (1999), it was during this time OPEC began discussions on the viability of pricing oil trades in several currencies. This unpublished proposal involved a “basket of currencies” from the Group of Ten nations, or “G-10.” These 10 members of the Bank of International Settlements (plus Austria and Switzerland) included the major European countries and their currencies such as Germany (Mark), France (Franc), and the U.K. (Sterling), as well other industrialized nations such as Japan (yen), Canada (Canadian dollar), and of course the Unites States (U.S. dollar). 35 It should be noted the powerful G-10/BIS Group of Ten also has one unofficial member, the governor of the Saudi Arabian Monetary Authority, or SAMA.
In order to prevent this monetary transition to a basket of currencies, the Nixon administration began high-level talks with Saudi Arabia to unilaterally price international oil sales in dollars only – despite U.S. assurances to its European and Japanese allies that such a unique monetary/geopolitical arrangement would not transpire. In 1974 an agreement was reached with New York and London banking interests which established what became known as “petrodollar recycling.”
That year the Saudi government secretly purchased $2.5 billion in U.S. Treasury bills with their oil surplus funds, and a few years later Treasury Secretary Michael Blumenthal cut a secret deal with the Saudis to ensure that OPEC would continue to price oil in dollars only. 36
In typical understatement Dr. Spiro noted, “…clearly something more than the laws of supply and demand…resulted in 70 percent of all Saudi assets in the United States being held in a New York Fed account.” 37 Naturally, this arrangement with the Saudi government prevented a market-based adjustment, and was the basis for the second phase of the American Century, the Petrodollar phase. What follows is the extraordinary history in which petrodollar recycling was vigorously implemented during the 1970s.
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Agenda 21 in New York State — Home Rule and Article X
Numerous critics condemn the insidious nature of Agenda 21. Usually the arguments are based upon the intrusion of the United Nations to mismanage the planet and reduce people to a sinister petri dish experiment. Their reach and methods used by this octopus that is strangling the globe, include specific actions that force their agenda down the throats of government entities. The recent passage of Article X in New York State illustrates a direct assault on the treasured principle of Home Rule. Connecting the dots and tying the links together forecast a grim reality that is ready to explode into a vicious turf fight.
The United Nations publication for Sustainable Development describes their objectives and announcements.
Agenda 21 is a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment.
Agenda 21, the Rio Declaration on Environment and Development, and the Statement of principles for the Sustainable Management of Forests were adopted by more than 178 Governments at the United Nations Conference on Environment and Development (UNCED) held in Rio de Janerio, Brazil, 3 to 14 June 1992.
The Commission on Sustainable Development (CSD) was created in December 1992 to ensure effective follow-up of UNCED, to monitor and report on implementation of the agreements at the local, national, regional and international levels. It was agreed that a five year review of Earth Summit progress would be made in 1997 by the United Nations General Assembly meeting in special session.
The full implementation of Agenda 21, the Programme for Further Implementation of Agenda 21 and the Commitments to the Rio principles, were strongly reaffirmed at the World Summit on Sustainable Development (WSSD) held in Johannesburg, South Africa from 26 August to 4 September 2002.
