Category Archives: U.S.

Business/Economics, International, U.S.

Government Incompetence & What Economic Recovery? Japan & U.S. want mo money for Afghanistan, another $15 billion!!!

On Sunday, 08 July 2012, Japan will host a conference that is pushing for the international community (ie; governments who’ll squeeze their tax payers) to come up with at least $15 billion USD for Afghanistan.  That’s in addition to what’s already been pledged in the past year!

Attendies to the conference will include Afghan President Hamid Karzai, U.S. Secretary of State Hillary Clinton, and UN Secretary General Ban Ki-moon.

Karzai has already announced that he wants another $3.9 billion USD for more “reconstruction”!

How can there be any economic recovery in the western countries when their governments are getting deeper in debt by giving away money they don’t have?

On 28 June 2012, Norway joined dozens of countries in pledging money in a military pact with Afghanistan. The pact will be officially signed in September.

Also on 28 June 2012, India hosted an international conference on private investment into Afghanistan.   Afghanistan’s Foreign Minister, Zalmai Rassoul, said investors will get a big return on their investment because: “While it is true that there are certain areas in Afghanistan where the security situation is not ideal, we should remember that these areas represent a small part of the country.”

Yeah right! Read my U.S. occupation of Afghanistan updates to know that’s a lie.

Business/Economics, International, U.S.

Chock Full o’Crap Western News Media: United States caves to Pakistan’s demands for mo money to open NATO occupation supply routes! $9 million for starters!

“We can seize any item, anything that be, if it is not mentioned in the agreements between Pakistan and Afghanistan and Pakistan and NATO.”-Qamar Thalho, Customs official

The full o’crap western news media has been reporting that Pakistan re-opened U.S./NATO supply routes into Afghanistan, because U.S. officials apologized for last year’s killing of Pakistani soldiers.  Wrong! It’s all about the money.

What the western media is not telling the tax payers of the U.S. and other NATO affiliated countries, is that Pakistan is now being paid about $6,000 for every U.S./NATO occupying force supply truck that crosses the Pakistani border into Afghanistan.

There are currently 1,500 trucks waiting to go through, that’s $9 million USD!!!  Pakistani news media said U.S. officials agreed to the higher fee because the alternate supply routes through other countries costs even more money!

Example: The Pentagon says its costs $100 million per month to take supplies through Central Asia, Russia and the Caucasus!!!

Question: Is this bull shit War on Terror in Afghanistan (a country where not one of the residents were involved with the 11 September 2001 attacks on the U.S.) really worth it?

To top it off, the new U.S./NATO supply agreement allows the Pakistani Customs officials to seize any truck that’s carrying “lethal” supplies!

Business/Economics, International, U.S.

Corporate Evil & Global Food Crisis: Monsanto found guilty of poisoning farmers! New study confirms Roundup destroys soil, reduces crop nutrition!

“I am alive today, but part of the farming population is going to be sacrificed and is going to die because of this.”-Paul Francois, victim of Monsanto’s LASSO 384

In February 2012, for the first time, a French court found Monsanto guilty of chemically poisoning a farmer who used an herbicide called LASSO 384. The active ingredient is called Alachlor.

This is the first court case that directly links Monsanto’s products with illnesses.

In 2004 the farmer suffered sever neurological problems that included memory loss, stammering and headaches, after using LASSO.  In 2007 the French government banned LASSO.  France has the largest agricultural economy of the European Union.

In 2003 Monsanto quietly paid a settlement of $700 million USD to victims of poisonings in Anniston, Alabama.

To add to the court cases, a recent study found that Kanup 480 SL (aka Roundup) actually destroys the soil it’s used on.  No shit Sherlock!!!  I’ve worked in landscaping for long enough to see the damage it causes to soil, and actually got in trouble with my bosses for refusing to use Roundup!

The study was published in Current Microbiology, and says the active ingredient, glyphosate, destroys beneficial microorganism that live in the soil, and results in crops with less nutritional value!  (I wounder if this has anything to do with mass colony collapse in bees?)

For example, the microorganism used in yogurt, Lactobacillus cremoris, has actually disappeared in areas where Roundup was used extensively.  The study also said such destruction occurres with much lower doses of Roundup, than what is recommended by Monsanto.

But it was discovered that many farmers end up using more and more Roundup, year after year, to fight the growing number of super weeds.  The results are huge tracks of farmland that are producing crops with very little nutrition!

 

 

 

Business/Economics, International, U.S.

Corporate Evil: Mystery disease killing children in Cambodia? Remember Vientam’s Kanup/Roundup/Monsanto disaster?

05 July 2012, Cambodian health officials have turned to the UN World Health Organization for help in finding out what is killing their children.  A similar thing happened in Vietnam.

In Vietnam the mystery disease was made public in April this year.  It looks like a case of villagers incorrectly using a Monsanto product called Kanup 480 SL (Roundup in the United States).  The villagers had never used herbicides prior to a chemical company sale person tricking them into using the Roundup.

Now, Cambodian officials are reporting the deaths of at least 61 children.  The deaths began in April of this year.  Symptoms include sudden onset of fever, neurological problems and severe respiratory problems.  Officials say it is not contagious, implying it is not a virus or bacteria.

Cases have been reported in 14 Cambodian provinces.  At this point health officials are treating this as a traditional disease.

Business/Economics, International, U.S.

Chock Full o’Crap Western News Media: Korea South caves to Iran’s growing Purchasing Power!

“Iran is one of the major importers of Korean products. And in the eventuality that the policy of sanctioning Iranian oil is implemented, then that nation will suffer.”-Rostam Qasemi, Iranian Oil Minister

On 02 July 2012, I posted how Korea South (a U.S. ally/puppet) was getting around oil sanctions against Iran, by using Iranian tanker ships.

On 03 July 2012, Iranian media revealed the reason Korea South went against its master’s (United States) wishes: Iran has more purchasing power than the United States!

On 26 June 2012, Korea South announced they would stop oil shipments from Iran.  Iranian diplomats quickly threatened the embargo of all products made in Korea South.  Officials in the southern half of Korea did the math and decided it was not economically sound to go along with the puppet master’s (U.S.) oil embargo against Iran.

Just how much does Korea South rely on Iran for trade?

In 2007 Korea South signed a trade agreement with Iran.  According to the Korea International Trade Association, exports to Iran have increased 32%, while imports of Iranian goods increased 63.7% (the way the data was presented wasn’t clear, the percentages could be 32% for imports and 63.7% for exports)!

“Korea’s shipments to Iran amounted to $6 billion [USD] last year.”-Korea Times

The Korean Times reported that the threat by Iran, to embargo all southern Korean products, would slam 2,900 companies!

There are at least two petroleum companies from southern Korea working in Iran, and they have backing from U.S. investors!  In fact U.S. companies are involved with at least $1.4 billion USD worth of North American investments into Iran!

Here’s the bottom line; Iran is a big spender, and they pay in cash or trade!  The United States is broke, and they pay with credit, or steal it from you with bogus War on Terror tactics.  Who’s gonna get the World’s business in the long run?

 

Business/Economics, International, U.S.

More proof of Chock Full o’Crap Western News Media: Iran selling $3 billion worth of gas bonds, and investors are buying them up!

On 25 June 2012, Iranian banks began selling bonds on behalf of the Pars Oil and Gas Company.  The plan is to raise $3 billion USD to use for development of the massive South Pars natural gas field.

So far $5 million USD in tax free bonds have been sold.

The people who buy the bonds can remain anonymous, and can transfer them to a third party. Any profits on the bonds are calculated on a daily bases, and paid out every three months.

If full o’crap western news media reports are true, about Iranian petroleum products being backlogged because of the sanctions, they why is Iran pushing so hard to expand their petroleum industry?

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

Economic Recovery? Japan’s Elpida gets owned by Idaho’s Micron! Take over of Taiwan’s Rexchip in the works. Expect higher prices for your gadgets!

“Under the proposed arrangement with Powerchip, if Micron entered into an agreement to acquire Elpida, Micron would have the right to purchase the Rexchip shares held by Powerchip.”-Dan Francisco, Micron Technology

03 July 2012, failed Japanese microchip maker, Elpida Memory, has agreed to become a subsidiary of Idaho’s Micron Technology.  Of course, the U.S. main stream media says it’ll be good for the U.S. economy.

Elpida was a major supplier to Apple.

The major move makes Idaho’s Micron one of three chip makers who’ll dominate 90% of the World’s memory chip market!  The other two are Samsung Electronics and SK Hynix.

In recent years the memory chip market got flooded with so many chips that the bottom fell out, and even Micron was adversely affected (once the biggest employer in the Boise, Idaho, not anymore).

The result was a dog eat dog situation between international chip makers.  In 2007, Pocatello, Idaho’s AMI Semiconductor (not necessarily memory chips, but the same thing happened with this industry) was taken over by Arizona based ON Semiconductor.  Following that ON went on to take over dozens of other companies right on up to February 2011.

“The DRAM industry is heading towards an oligopolistic market. The emergence of three major DRAM players will help DRAM chip prices gradually stabilize, bidding farewell to the price-slashing competition of the past.”-Trendforce, Taiwanese technology research company

So when market prices drop too low, when there are just too many chip makers out there, the only recourse is for companies to merge or be taken over. The result will reduce the amount of competition, and soon memory chip prices will rise making our high tech gadgets more expensive (of course people will lose their jobs as well).

Micron is also in the final stages of taking over Taiwan based Rexchip Electronics. The approval of the sale is conditional upon Micron’s take over of Elpida.  A company called Powerchip is selling its controling shares of Rexchip to Micron.  Already the price of Rexchip stocks has jumped 58% since 29 June!

“The deal will reduce price volatility as Micron will have tighter control over capacity expansion and investment plans as it needs to integrate Elpida and Rexchip.”-Song Myung-sub, HI Investment & Securities

The amazing thing about Micron’s take overs is that Micron has lost billions of dollars in the past couple of years. So where’d they get the money to initiate these take over moves?

 

Idaho, U.S.

Pocatello Charlotte Fire update: 100% contained, fireworks for 4th of July, seed for rebuilding community!

02 July 2012, the Charlotte Fire was declared 100% contained.  The Eastern Idaho Interagency Fire Center will turn control over to the city of Pocatello Fire Department at about 22:00 hours Monday night.

Pocatello city officials also lifted the fireworks ban, but only for 04 July 2012, and only from 12:00 hours to 00:00 hours.  Also, not every part of Pocatello is cleared for fireworks so check with police.  The city of next door Chubbuck has also lifted their fireworks ban for the 4th of July, from noon ’till midnight.

Bannock county has purchased $2,500 worth of grass and wildflower seed, to help affected residents start rebuilding their properties. Because the fire hit hilly areas, the seed will be needed to prevent mudslides and flash floods.  Contact Pocatello fire officials for details.

fire fighters call Pocatello a War Zone!

Business/Economics, U.S.

Corporate Evil & Investor Evil: U.S. drug maker hit with record fine for fraudulent claims on Paxil, Avandia and Wellbutrin! Stock price shoots up!

02 July 2012, GlaxoSmithKline reportedly pled guilty to fraudulent activities involving the drugs Paxil, Avandia and Wellbutrin.  The company is being fined a record $3 billion USD!

The U.S. Department of Justice says the pharmaceutical giant claimed the drugs could be used to treat conditions and/or people for which they were not approved!

Paxil is meant for adults only, but was sold for use in children! The antidepressant Wellbutrin was sold as a weight loss drug!  GlaxoSmithKline was also accused of failing to report safety data, concerning the diabetes drug Avandia, to the U.S. Food & Drug Administration from 2001 to 2007.

Also, under a type of probation, for the next five years company executives could lose their bonuses to the government, if any employee is caught conducting fraudulent activity.  As well, sales reps will no longer be paid based on total sales, but on the quality of their job performance.

Interestingly, when news of GlaxoSmithKline’s guilty plea was heard investors jumped on the company’s stock driving the price up!  Why would an ‘honest’ investor want to buy stock in a company who admits to fraud?

Business/Economics, International, U.S.

LIBOR: U.K. orders new investigation! Top three Japanese banks involved in international rate fixing! Bank governor admits banks are “deceitful”! More proof of Trilateral policies, & that the Too Big to Fails caused the economic mess!

“Your working hypothesis should be that every bank in the industry did some version of this same thing. There will be more to come.”-unnamed banking official in letter to British news media

02 July 2012, Marcus Agius, a chairman of evil British Empire’s Barclays has resigned.  Barclays recently settled with U.S. and U.K. regulators over the LIBOR scandal. The settlement was a pittance compared to the damage Barclays, and other banks caused.

The general public in Britain has been calling for Barclays boss, Bob Diamond, to resign as well.  Public officials are calling for criminal charges: “…when we’re setting up the National Crime Agency we should look at the record of the Serious Fraud Office. I suspect financial crime is easier to get away with in this country than practically any other sort of crime.”-Ken Clarke, Justice Secretary of United Kingdom

Barclays “systematically” falsified data to set the London Interbank Offered Rate, or LIBOR.  Regulators from Switzerland and U.K., are investigating at least 20 banks, including the top three banks in Japan (for fraudulent Tokyo Interbank Offered Rate or TIBOR), banks in Canada, U.S. and European Union!  Elites from Japan, North America and Europe are members of the private organization Trilateral Commission.

Mervyn King, Governor of the Bank of England, said LIBOR “is now dead”, and even called the very banking system he represents “deceitful”!  Now the British government is calling for a new independent investigation into the British banking system and LIBOR.

The amount of money manipulated by the LIBOR (and now TIBOR) scandal is estimated at more than $361 trillion USD!!!