All Posts Tagged With: "Global economy"
Americans fear debt to China more than terrorism
A new Zogby poll indicates Americans are wisely beginning to question the manner in which we have financed the war against terrorism. Meanwhile China engages in female infanticide.
More than twice as many U.S. adults (58%) say that debt owed to China is a more serious threat to the long-term security and well-being of the U.S than is terrorism from radical Islamic terrorists (27%).
Interestingly there was little variation by party identification with a majority of Democrats, Republicans and independents all agreeing that the debt owed by the United States to China poses the greater threat.

Meanwhile, in a painful snapshot of the social values of Americas largest creditor ‘gendercide’, discarding infant girls at birth, is still practiced in China to bad effect.
XINRAN XUE, a Chinese writer, describes visiting a peasant family in the Yimeng area of Shandong province. The wife was giving birth. “We had scarcely sat down in the kitchen”, she writes (see article), “when we heard a moan of pain from the bedroom next door…The cries from the inner room grew louder—and abruptly stopped. There was a low sob, and then a man’s gruff voice said accusingly: ‘Useless thing!’
“Suddenly, I thought I heard a slight movement in the slops pail behind me,” Miss Xinran remembers. “To my absolute horror, I saw a tiny foot poking out of the pail. The midwife must have dropped that tiny baby alive into the slops pail! I nearly threw myself at it, but the two policemen [who had accompanied me] held my shoulders in a firm grip. ‘Don’t move, you can’t save it, it’s too late.’
The result of the male female imbalance is that unpartnered young adult males turn to crime and violence.
Throughout human history, young men have been responsible for the vast preponderance of crime and violence—especially single men in countries where status and social acceptance depend on being married and having children, as it does in China and India. A rising population of frustrated single men spells trouble.
The crime rate has almost doubled in China during the past 20 years of rising sex ratios, with stories abounding of bride abduction, the trafficking of women, rape and prostitution. A study into whether these things were connected† concluded that they were, and that higher sex ratios accounted for about one-seventh of the rise in crime. In India, too, there is a correlation between provincial crime rates and sex ratios. In “Bare Branches”††, Valerie Hudson and Andrea den Boer gave warning that the social problems of biased sex ratios would lead to more authoritarian policing. Governments, they say, “must decrease the threat to society posed by these young men. Increased authoritarianism in an effort to crack down on crime, gangs, smuggling and so forth can be one result.”
Gender discrepancy is happening all over the world with a corresponding rise in violence… boys need girls and we girls need boys in equal numbers or all hell breaks out.
Also, while on the subject of China, South Africa is now accepting major investments in energy and rare earth mining and refining from China. Like America, they hope to develop jobs and improve the South African economy. Relying heavily on China hasn’t worked out so well here.
Goldman Sucks – a video ode to Goldman Sachs
This video montage is based upon Matt Taibbi’s, Inside The Great American Bubble Machine The other day I learned that GS owns the Mountain Pass rare earth mine in California. The video is right, GS is everywhere.
Colbert – Greece’s economic downfall – Sheherezade Rehman
“Scheherazade Rehman discusses the likelihood of Greece receiving a bailout from the European Union” Arguments are strong that Goldman Sachs contributed to the fall of Greece just to make a buck…
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already bloated deficit….
Creative accounting took priority when it came to totting up government debt.Since 1999, the Maastricht rules threaten to slap hefty fines on euro member countries that exceed the budget deficit limit of three percent of gross domestic product. Total government debt mustn’t exceed 60 percent…
Greece’s debt managers agreed a huge deal with the savvy bankers of US investment bank Goldman Sachs at the start of 2002. The deal involved so-called cross-currency swaps in which government debt issued in dollars and yen was swapped for euro debt for a certain period — to be exchanged back into the original currencies at a later date.
Decentralized energy is the logical solution to climate change and water shortage
Living in the hydro-rich Pacific Northwest it is hard to imagine rationing showers and lawn watering in order to have a few hours a day of electricity, but that is what is happening in Venezuela right now.
One of the severest droughts in decades has given Venezuela’s socialist president a political nightmare as hydro-electrical power dribbles to a standstill, unleashing blackouts, rationing and protests. The waters behind the Guri dam, which supplies more than half the nation’s power, have touched perilously low levels.
Nevertheless, with energy production requiring as much water as agriculture and once mighty rivers like the Rio Grande no longer reaching the ocean and energy usage expected to grow beyond existing capacity, unless we decentralize now, it will happen here.
There are many reasons I focus upon wind energy, not the least being the ample supply…this from the November 2009 Scientific American.
Plenty of Supply
Today the maximum power consumed worldwide at any given moment is about 12.5 trillion watts (terawatts, or TW), according to the U.S. Energy Information Administration. The agency projects that in 2030 the world will require 16.9 TW of power as global population and living standards rise, with about 2.8 TW in the
U.S. The mix of sources is similar to today’s, heavily dependent on fossil fuels. If, however, the planet were powered entirely by WWS, with no fossil-fuel or biomass combustion, an intriguing savings would occur. Global power demand would be only 11.5 TW, and U.S. demand would be 1.8 TW. That decline occurs because, in most cases, electrification is a more efficient way to use energy. For example, only 17 to 20 percent of the energy in gasoline is used to move a vehicle (the rest is wasted as heat), whereas 75 to 86 percent of the electricity delivered to an electric vehicle goes into motion.Even if demand did rise to 16.9 TW, WWS sources could provide far more power. Detailed studies by us and others indicate that energy from the wind, worldwide, is about 1,700 TW
Another reason I favor wind is that wind is the only renewable energy source that does not require any water during the production of electricity. Even solar requires massive amounts of water when used in a centralized system.
According to the American Wind Energy Association, to generate one kilowatt hour of electricity from nuclear power 2.3 litres of water are needed. Coal requires 1.9 litres and oil consumes 1.6 litres…Some CSP technology utilises rows of curved mirrors focus heat onto a tube filled with oil which boils water to make steam, in turn spinning a turbine a turbine – this is called a trough system. Another uses reflective mirrors called heliostats to reflect and concentrate sunlight onto liquid-filled tubes used to generate steam and spin turbines.
In the case of trough technology, the water footprint is considerable – around 3.6 litres per kilowatt hour.
This video produced in England shares the benefits of decentralizing even if still using fossil fuels.
More reasons why the liberal elite and the working class need to work together
Have the economic elite engineered a coup? To quote Sarah Palin, ‘you betcha’ and it is against the 99% of us who are not economically elite. Here are some startling statistics
America is the richest nation in history, yet we now have the highest poverty rate in the industrialized world with an unprecedented amount of Americans living in dire straights and over 50 million citizens already living in poverty.
The government has come up with clever ways to downplay all of these numbers, but we have over 50 million people who need to use food stamps to eat, and a stunning 50 percent of U.S. children will use food stamps to eat at some point in their childhoods. Approximately 20,000 people are added to this total every day. In 2009, one out of five U.S. households didn’t have enough money to buy food. In households with children, this number rose to 24 percent, as the hunger rate among U.S. citizens has now reached an all-time high.
Bankruptcies are up 32% in 2009 from 2008. Americans have lost $5 trillion in pension money and $13 trillion in home value. America now has 3,000,000 homeless with single parents with children being the largest part of that demographic. Taking in all factors and statistics we have 30,000,000 unemployed or underemployed and 5,000,000 people will lose unemployment benefits in June.
Americans can’t wait for the shining corporate knight to ride in and save ‘em, the knight is only there to pick up the last spoils. If we don’t start creating our own reality, not the Wall Street reality that says we should transfer our wealth to the centralized banking system, or the health insurance industry or the investor owned utilities, we are doomed. Damn it, we are supposed to be tough, independent Yankees with drive and ambition and work ethic but we stand around like puppies with our tails between our legs waiting for ‘the boss man’ to throw us some crumbs and tell us how we are supposed to live.
Time for middle and working class America to take commerce into our own hands, because ‘the boss man, well he just don’t care.’
The boy who harnessed the wind
This is a great and inspiring story and a lesson to people everywhere that it is possible to innovate a way out of adversity and hard times without genuflecting before invasive corporations.
Maddow – Naomi Klein – Little shock of horrors
Naomi Klein has been speaking out about crony capitalism and believes the bailout will go down as the biggest heist of public money in history
Olbermann – Special Comment – Time to get tough on bankers
How many ways can banks misuse bailout money? How many ways can the American taxpayer be screwed?
Countdown – Cheney sent forth to rewrite history
Press Secretary Gibbs suggests Limbaugh must have been busy and highly recommends the last thing anyone should do is take financial advice from Dick Cheney.
The Daily Show – Jim Cramer face off
Jon Stewart and Jim Cramer settle in for a little mano a mano and Jon talks Cramer into doing real investigative reporting.
You can watch the entire, unedited interview here
The Daily Show – Cable host wars – the Cramer saga continues
The Daily Show – In Cramer We Trust
Jim Cramer took issue with The Daily Show analysis of CNBC and their forecasting skills. Jon Stewart, after careful analysis was compelled to apologize….
The Daily Show – CNBC gives financial advice
Take it from CNBC… whatever they say, they’re wrong.

