Category Archives: Business/Economics

Business/Economics, International, U.S.

World War 3: Gaddafi is gone, yet Obama continues sanctions against Libya. It’s a personal vendetta

Nobel prize winner, U.S. President Barack Obama, is extending sanctions against Libya, even though the person supposedly responsible for the sanctions is dead!

In February 2011, Obama placed “emergency” sanctions against Gaddafi.  But Gaddafi was beaten and finally shot to death towards the end of last year.

On February 23, 2012, Obama claimed: “The situation in Libya continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.”

Those “extraordinary” threats are the surviving members of Gaddafi’s family.  So this sounds personal, as if the leadership of the United States wants all the male members of the Gaddafi family dead, just like what happened to the Hussein family in Iraq.

Business/Economics, International, U.S.

World War 3: United States imposes sanctions on Japan, U.S. been doing business with Yakuza

February 23, 2012, the United States imposes sanctions against the Yamaguchi-gumi.

The U.S. Treasury Department froze the assets held in the United States by the organized crime family. The U.S. has also banned the Yamaguchi-gumi from doing anymore business in the United States.

While this sounds good, it should raise the question: “How long has the U.S. knowingly done business with the Japanese Yakuza?” And I wounder if freezing their assets is just a tricky way to raise cash for a broke U.S. government?  The Obama administration estimates they have billions in their U.S. accounts!

Business/Economics, International, Technology, U.S.

More suicides at Chinese Slave Wage Factory Cities

Chinese media reporting that a man jumped to his death on February 18, and a woman did the same on February 15.  The local government officials claim they are investigating.

The two slave wage employees worked at Nanshan International Stationery.  The man had been trapped their for eight years!  Many people in the United States don’t realize these Chinese factory cities are literally walled in cities.  When you sign a contract to work there you’re stuck inside.

Nanshan International Stationery has Western investors, through Hong Kong.  Officials at the factory said “personal problems” were the cause of the suicides. Yeah, I agree that eight years trapped in a factory city would cause personal problems!

 

 

 

Business/Economics, International, U.S.

Black Horse & What Economic Recovery? Greeks right about sinister plots against them, yet again the latest Bail Out is put on hold!

How many times is this gonna happen: World finance leaders announce a done deal for a Greek bail out loan, only to retract it not even 24 hours later.

Yet again European Union leaders, and the International Monetary Fund (IMF), are using excuses to hold back the latest 130 billion Euro loan.

“Greece has obviously made significant efforts, and now we need to continue the work and that the entirety of the elements, particularly furnished by the other parties, are also put into place.”–Christine Lagarde, IMF

The IMF’s Christine Lagarde said, February 21, 2012, that the new loan deal is now going to be scrutinized by the IMF, and a decision to approve, or not, will be made by the second week of March!

Many Greeks believe their country is deliberately being destroyed economically.

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

Business/Economics, International

World War 3: Iran makes Oil offer to European countries. But still; France, Britain No Oil For You!

Iran has made a new oil deal offer to European countries, except the countries of Britain and France: “They must know that our country is in a position which must be talked to and treated on equal standing and through mutual respect, and they must forget about their past empires and exploiting other countries.”-Ramin Mehmanparast, Foreign Ministry of Iran

For all other European countries Iran is willing to continue shipping oil to them if: “They…must sign medium, or long term contracts covering periods of three to five years….and ban….oil customers from unilaterally canceling their contracts.”-Ramin Mehmanparast, Foreign Ministry of Iran

Iranian officials say that by signing the long term contracts European countries could get a fixed price for Iranian oil.  If they don’t sign contracts, then no more oil for you: “We make decisions in our own country and we have sanctioned hostile states; if other countries do not specify their decision about long term oil contracts, Tehran will make a decision about them as well.”-Rostam Qassemi, Oil Minister of Iran

Iranian officials claim they don’t really need the European market, saying only 18% of all of Iran’s oil production goes to Europe.

Business/Economics, International, Technology, U.S.

What Economic Recovery? Mazda in trouble, needs $2.87 billion cash!

After announcing some very fuel efficient vehicles (which will not be sold in the U.S. for some reason), Mazda has announced that it needs at least $2.87 billion cash! (early reports from Japan said $1 billion)

For the year 2011, Mazda’s said it expected an annual net loss of about $1 billion (to be officially reported at the end of March).  It would make four years in a row that Mazda has lost big money!

To raise the billions of dollars Mazda needs, they’re issuing more stocks. Officials want to get $2.87 billion for the new stocks, but hope stock prices stay high enough that they would get at least $1.25 billion.  Also, Mazda plans to borrow more than $870 million, on top of the cash raised by stock issues!

Mazda needs the money to increase production, and build a new factory in Mexico.  The majority of Mazda’s new cars will be sold in South America, Australia and Asia, not in the United States.

Business/Economics, International, U.S.

Black Horse & What Economic Recovery? EU approves yet another bail out loan for Greece! Yet again it’s too little to do any good

Early morning February 21, 2012, European Union finance ministers approved a 130 billion Euro bail out loan for Greece.

However, on February 20, EU finance minister Johan van Overtveldt, said it would take at least 200 billion Euros!  Obviously this latest loan is not going to be enough, yet again!

Many Greeks are convinced they are being hit by a sinister plot to turn their country into a Third World nation.

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

Business/Economics, International, Technology, U.S.

Who Owns the Moon? United States declares no fly zone over the Moon, The New Space Race is On! Space War next?

There’s a new space race, thanks in part to Google’s Lunar X Prize, but also because the Moon is indeed full of mineral wealth.

But the new race is not for exploration, it’s for exploitation. The Moon has titanium, trace amounts of water, and rare minerals used in high tech electronics: “In our case it’d be people prospecting for the best places to mine the water, or mine the metals…”-David Gump, Astrobotic Technology

China has a lunar satellite in orbit, and hopes to put an unmanned explorer on the Moon by 2013.  India also has a satellite orbiting the Moon.

You might think Republican Newt Gingrich is crazy with his plans for U.S. domination of the Moon, but he’s not too far off from official policy!

NASA (National Aeronautics & Space Administration) issued a report (dated July 20, 2011) titled How to Protect and Preserve the Historic and Scientific Value of U.S. Government Lunar Artifacts.

It’s not just about artifacts brought back from the Moon, but it recommends that the Apollo sites on the Moon should be declared “no fly zones”, and that the U.S. must make every effort to get back to the Moon: “…we’re coming into an age of exploitation…because of the changing environment, and much more use of space by other groups…we’re beginning to think about it.”– Robert Kelso, author of NASA report

The U.S. government has also declared that the United States is the only country that should have exclusive access to the Moon, simply because it was the first to put people on the Moon!

 

 

Business/Economics, International, U.S.

Black Horse & What Economic Recovery? Bail out delays; Greece needs loans equal to its total GDP! Greece warned of Third World status. Greeks believe the World is against them, sinister plots

February 20, 2012, European Union finance minister, Johan van Overtveldt, said one of the reasons bail out loans keep getting put on hold is because everyday new problems are revealed.

He says Greece now needs loans at least equal to its GDP, in order to get through the next few years: “So we are talking now about a package that in reality is about 200 billion euros, which happens to be exactly the amount equal to Greek gross domestic product.”

Overtveldt also said what many independent, and traditional economists have been saying; that cuts to Greek government spending will only make things worse: “The negative spiral in which the Greek economy and Greek society have been imprisoned for almost two years will only get worse. The austerity program that is imposed on the country will worsen the recession, which in its turn will worsen the budget outlook.”

He added that it was probably a good thing for Greece to leave the European Union: “It will lead, of course, to a devaluation of the new drachma but that is exactly what is needed to get the economy growing again through international trade.”

In fact many Greeks have been wanting their government to leave the EU, because they think it’s all part of a sinister plot.

Greek author, politician and songwriter, Mikis Theodorakis, says there is a conspiracy to destroy his country: “Germans, for instance, as well as the French, English and Americans, earned billions of Euros from annual sales of war materials, to the detriment of our national wealth….Siemens, for instance, maintained a special department for buying off the influential Greeks in order to sell its products in the Greece market.”

Theodorakis might be right about his beloved Greece being destroyed.  Economist Harlan Green, said the Mediterranean country is on its way to Third World status, and implied that the International Monetary Fund (IMF) was behind it: “Greece is sliding very quickly into being a third world country, and the IMF knows how to deal with third world countries.”

As far as sinister plots go; don’t forget that the new unelected Prime Minister of Greece is a member of the Trilateral Commission!

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

Business/Economics, International, U.S.

What Economic Recovery? U.S. sanctions against Iran means death knell for French steel factory

On February 20, 2012, French steel workers are occupying the ArcelorMittal steel plant in northeast France.  Two blast furnaces have been shut down since October 2011.

I’ve posted how U.S. sanctions against Iran include the steel industry, and it’s having negative affects, not for Iran but the West!

The shut down of the ArcelorMittal blast furnaces is supposed to be temporary, but last week company officials announced an extension to the shut down.  About 200 employees responded by taking over company offices.  Employees fear the temporary shut down is going to become permanent, no thanks in part to the U.S. and European sanctions against Iran.