Tag Archives: ows

Global Economic War: China playing ping pong game with U.S. & European bonds

A report in the Chinese media got me thinking.  There’s a definite pattern to China’s buying and selling of U.S., and European, government bonds (sovereign debt).

In the first three months of 2011 China sold off U.S. bonds.  Then, from April through July bought U.S. bonds.  In August China sold off U.S. bonds big time; $36.5 billion worth! Now they’re back to buying.

The U.S. bond sell offs happen when news of the performance of the U.S. economy is really bad, and Europe is looking better.  In August, the big sell off came when the credit rating for the U.S. got downgraded.  For the past few months the really bad economic news is coming from Europe countries, and China has been buying U.S. bonds big time.

China is playing a sovereign debt investment ping pong game.  The ball is their money, and the paddles are the United States and Europe.

The Chinese media even reports that the Chinese holding of foreign exchange reserves must be flexible and ever adjusting to market conditions.

But I wonder, which is coming first, the chicken or the egg?  I’ve also noticed that Chinese officials tend to lead European and U.S. officials into thinking China is about to make big strides towards bailing out their economies, then the Chinese back off.  So, from here on out it would be wise to watch the timing of offers of economic help, then backing off of those offers, with the buy ups and sells offs of U.S. and European bonds.

Occupy America! Where are the 1%? California, New York, Texas, Florida & Illinois

So just where do the 1% of the richest people in the United States live?

According to Wealth-X, California is number one, followed by New York, Texas, Florida and Illinois.

10,390 UHNW (ultra high net worth) individuals officially live in California.  8,215 in New York, 5,550 in Texas, 3,615 in Florida and 2,680 in Illinois.  These top five home states of the 1% represent at least 50% of the wealth in the United States!

Occupy the World! Forget the 1%, what about the 0.000003% who control most of the World’s wealth?

Three millionths of a percent, that’s how many people throughout the world actually control the majority of the wealth.

According to a survey by Wealth-X (a Singapore based company that serves the interests of the ultra-rich, it says so on their web site) most of the world’s wealth is held by only 0.000003% of the people!

Ultra high net worth (UHNW) individuals are people with $30 million or more in assets.  That means real wealth, not wealth that’s ‘on paper’.  Wealth-X says there are only 185,795 UHNW people globally!  Of that, only 1,235 people are true billionaires!

Wealth-X breaks it down for the United States: 57,860 UHNWs, 455 of which are true billionaires. This means that of the 1% in the U.S., 1/54th controls 13.5% of the country’s wealth!

For Europe there are 54,325 UHNWs, in Asia there are 42,525 UHNWs, and 15,100 UHNWs in Latin America. Interestingly there’s nothing about ultra wealthy in Africa or the Middle East.

The Wealth-X survey is titled A Wealthy Head Count.


World War 3: Syria allows Arab League observers, and the Russian Navy, to come on in

Recently the Arab League voted to send observers into Syria, and the Syrian government agreed.  The Arab League wants to make sure civilians are not being unjustifiably targeted, in what is turning out to be a civil war.

But the Syrian government is also letting Russian military forces in.

According to Syrian media reports, the Russian navy will send ships to patrol Syrian territorial water.  The move is part of Russia’s desire to prevent ‘Western’ military aggression in Syria.

World War 3: Turkey oppossed to military action against Syria & Iran

“Turkey, as a friend of the neighboring country of Iran, will never accept a measure that would harm Iran under any condition.”-Abdullah Gul, President of Turkey

Despite building up troops on the border between Turkey and Syria, the Turkish President, Abdullah Gul, also says they will not support any military action against Syria: “We are opposed to any attack on Syria. And incidents in Iraq and Libya should not be repeated in this country. Enemies are making attempts to wage a religious war, and regional countries should not fall into this trap.”

However, British media are reporting that the Turkish Prime Minister, Recep Tayyip Erdogan, has made statements supporting war with Syria and Iran: “No doubt, the problems both in Syria and in the Middle East in general are global problems. Therefore, we have to see the tragedy in the area, hear the screams and urgently take measures to stop the bloodshed for the safety of energy supplies as much as global peace and calm.”

Could this be because Turkey finds itself between a rock and a hard place?  Literally, geographically, between the West and the Middle East.

World War 3: The West alone against Iran; 120 countries issue statement supporting Iran

120 countries, members of the Non Aligned Movement (if you haven’t heard of it you can thank your corporate/government controlled mainstream media) have issued a statement of support for Iran’s nuclear program.

In the statement ‘NAM’ stands of Non Aligned Movement, and ‘Agency’ stands for the UN’s International Atomic Energy Agency.

Here it is:

Mr. Chairperson,

1- The Vienna Chapter of the Non-Aligned Movement wishes to thank the Director General, Mr. Yukiya Amano, for his report on the Implementation of the NPT safeguards agreement in the Islamic Republic of Iran as contained in document GOVl2011/65.

2- At the same time, NAM wishes to reaffirm the importance of Director General reports being issued in a timely manner. The late issuance of reports results in Member States having to prepare for meetings of the Board of Governors under significant time constraints.

3- Before expressing its comments on the Director General’s Report, NAM would like to reiterate its principled positions on the matter:
a. NAM reaffirms the basic and inalienable right of all states to the development, research, production and use of atomic energy for peaceful purposes, without any discrimination and in conformity with their respective legal obligations. Therefore, nothing should be interpreted in a way as inhibiting or restricting the right of states to develop atomic energy for peaceful purposes. States’ choices and decisions, including those of the Islamic Republic of Iran, in the field of peaceful uses of nuclear technology and its fuel cycle policies must be respected.
b. NAM recognizes the IAEA as the sole competent authority for verification of the respective safeguards obligations of Member States and stresses that there should be no undue pressure or interference in the Agency’s activities, specially its verification process, which would jeopardize the efficiency and credibility of the Agency.
c. NAM emphasizes the fundamental distinction between the legal obligations of states in accordance with their respective safeguards agreements, as opposed to any confidence building measures undertaken voluntarily and that do not constitute a legal safeguards obligation.
d. NAM considers the establishment of a nuclear- weapons-free-zone (NWFZ) in the Middle East as a positive step towards attaining the objective of global nuclear disarmament and reiterates its support for the establishment of such a zone in accordance with relevant General Assembly and Security Council resolutions.
e. NAM reaffirms the inviolability of peaceful nuclear activities and that any attack or threat of attack against peaceful nuclear facilities -operational or under construction -poses a serious danger to human beings and the environment, and constitutes a grave violation of international law, of the principles and purposes of the Charter of the United Nations, and of regulations of the IAEA. NAM recognizes the need for a comprehensive multilaterally negotiated instrument prohibiting attacks, or threat of attacks on nuclear facilities devoted to peaceful uses of nuclear energy.
f. NAM strongly believes that all safeguards and verification issues, including those related to Iran, should be resolved within the IAEA framework, and be based on sound technical and legal grounds. NAM further emphasizes that the Agency should continue its work to resolve the Iranian nuclear issue within its mandate under the Statute of the IAEA.
g. NAM stresses that diplomacy and dialogue through peaceful means as well as substantive negotiations without any preconditions amongst the concerned parties must remain the means whereby a comprehensive and lasting solution to the Iranian nuclear issue is found.

4- NAM stresses that the issue of non-proliferation should be resolved through political and diplomatic means and that measures and initiatives taken in this regard should be within the framework of international law, relevant, conventions and the United Nations Charter.

5- NAM takes note that the Director General has stated once again that the Agency has been able to continue to verify the non-diversion of declared nuclear material in Iran at nuclear facilities and locations outside facilities where nuclear material is customarily used (LOFs) as declared by Iran under its Safeguards Agreement.

6- NAM welcomes the clear distinction made by the Director General between obligations emanating from Iran’s Safeguards Agreement and other requests by the United Nations Security Council. In this regard, NAM notes that the Director General has stated in his report that “Iran is not implementing a number of its obligations” emanating from relevant provisions of the United Nations Security Council resolutions. NAM recalls that the Director General has previously reported Iran’s assertion that some of the Agency’s requests “had no legal basis since they are not falling within Iran’s Safeguards Agreement”, an assertion elaborated by Iran in Document INFCIRC/810 as well. NAM encourages Iran to enhance its cooperation with the Agency to provide credible assurances regarding the absence of undeclared nuclear material and activities in Iran in accordance with international law.

7- NAM encourages the Secretariat to continue to refrain from including extensive technical details pertaining to sensitive proprietary information in the report of the Director General.

8- NAM welcomes the continued cooperation between the Agency and Iran as elaborated in the latest report of the Director General, and in this regard, notes the following:
a. That Iran has declared to the Agency under its Safeguards Agreement, 15 nuclear facilities and 9 LOFs, and that the Agency continues to verify the non-diversion of declared nuclear material at these facilities and LOFs.
b. That the activities of production of nuclear material, particularly those related to enrichment, continue to remain under the Agency’s containment and surveillance and that to date, the Fuel Enrichment Plant (FEP) in Natanz and Pilot Fuel Enrichment Plant (PFEP)have been operating as declared.
c. That the Agency has confirmed that the Fordow Fuel Enrichment Plant (FFEP) corresponded with the design information provided by Iran, that the facility was at an advanced stage of construction, and that Iran and the Agency agreed on a safeguards approach for FFEP. The results of the environmental samples taken at FFEP up to 27 April 2011 did not indicate the presence of enriched uranium.
d. That the Agency has continued to monitor the use and construction of hot cells at the relevant nuclear facilities in Iran, and confirmed that Iran is not conducting reprocessing activities in any of the facilities declared under its Safeguards Agreement.
e. That Iran has provided the Agency with access to the IR-40 heavy water reactor at Arak, at which time the Agency was able to carry out a design information verification (DIV). The Agency verified that the construction of the facility was ongoing, and that the coolant heat exchangers had been installed. According to Iran, the operation of the IR-40 Reactor is planned to commence by the end of 2013.
f. That the Agency also carried out an inspection and a DIV at the Fuel Manufacturing Plant (FMP), and confirmed that Iran has started to install some equipment for the Tehran Research Reactor (TRR) fuel fabrication.

9- NAM notes the standing requests by the Secretariat for further information regarding the design and scheduling of the construction of new nuclear facilities, and continues to encourage Iran to provide design information regarding its nuclear facilities in accordance with its full-scope safeguards agreement with the Agency.

10- NAM notes that the Director General mentioned in his report that he reiterated to Iran his position regarding the need to take steps towards the full implementation of its Safeguards Agreement and its other relevant obligations, in order to establish international confidence in the exclusively peaceful nature of Iran’s nuclear program. NAM recalls that Iran responded by extending an invitation to the Deputy Director General for Safeguards to visit its nuclear facilities and that the question of the possible military dimensions of Iran’s nuclear program was discussed during that visit. NAM welcomes such invitations, and that Iran as a confidence building measure, has provided the Agency during the visit with access to:
a. An installation where research and development (R & D) on advanced centrifuges was taking place, as well as extensive information on its current and future R & D work on advanced centrifuges.
b. The Heavy Water Production Plant (HWPP) for the first time since 2005, at which time the Agency observed that the HWPP was operating.

11- While noting the DG’s concern regarding the issue of possible military dimension to Iran’s nuclear program, NAM also notes that Iran has still not received the documents relating to the “alleged studies”. In this context, NAM fully supports the previous requests of the Director General to those Members States that have provided the Secretariat information related to the “alleged studies” to agree that the Agency provides all related documents to Iran. NAM expresses once again its concerns on the creation of obstacles in this regard, which hinder the Agency’s verification process. NAM recalls that the Director General previously reported in document GOV/2009/55 that:
a. The Agency has limited means to authenticate independently the documentation that forms the basis of the alleged studies.
b. The constraints placed by some Member States on the availability of information to Iran are making it more difficult for the Agency to conduct detailed discussions with Iran on this matter.

12- In light of the aforementioned obstacles, NAM requests further clarification on the methodology adopted by the Agency in arriving at its assessment as contained in paragraph 42 of the report.

13- NAM welcomes the will of Iran “to remove ambiguities, if any”, as well as its suggestion that the Deputy Director General for Safeguards (DDG-SG) should visit Iran for discussions aiming at the resolution of matters. NAM notes the reply by the Director General, indicating his preparedness to send the DDG-SG to “discuss the issues identified” in his report to the Board of Governors. In this context, NAM welcomes the continuation of this positive dialogue and cooperation between Iran and the Agency.

14- NAM requests clarification from the Agency for not incorporating Iran’s comments on all the new information in this report prior to its official release.

15- Bearing in mind the Agency’s responsibility in protecting safeguards confidential information, NAM remains concerned by recurring incidents of leakage of such information that, in the absence of adequate corrective measures by the Agency, calls into question the credibility of its regime for the protection of safeguards confidential information.

16- NAM welcomes Iran’s resolve to continue cooperating with the Agency, and still looks forward to the safeguards implementation in Iran being conducted in a routine manner. In this context, NAM encourages the Agency and Iran to continue engaging substantively without delay for the purpose of providing clarifications regarding the issues identified in the report, with a view to the prompt resolution of these issues in accordance with the Work Plan on “Understanding of the Islamic Republic of Iran and the Agency on the Modalities of resolution of the Outstanding Issues” (INFCIRC/711).

17- NAM reiterates its principled position that diplomacy and dialogue are the only way for a long term solution of Iran’s nuclear issue. NAM encourages all Member States to contribute positively to that effect.

18- Before concluding, NAM wishes to express its deep concern and dissatisfaction at the selective circulation of the Director General’s report, or parts thereof, to certain Member States prior to its official release to all Member States. This runs counter to the principle of the sovereign equality of all Member States enshrined in the IAEA Statute and should not be repeated in the future.
Thank you, Mr. Chairperson.

 

World War 3: Iran increases anti-aircraft drills, U.S. to give ‘green light’ to Israeli airstrikes

Israeli media claims Iran’s Revolutionary Guards are stepping up anti-aircraft training.  The report comes immediately after the UN’s IAEA passed a resolution against Iran.

Despite Israeli media’s claim, there’s no detailed info about such action on any Iranian media site, so far.

On Russian media sites, they’re claiming the U.S. has just threatened Iran.  U.S. officials have asked Iran to suspend all nuclear activities until the spring of 2012. If Iran does not, then the United States will give Israel the green light for air strikes.  Again, I can’t find any info about this on U.S., or Israeli media sites.

World War 3: IAEA approves resolution against Iran, Russia & China resist the resoluton

“But this is the magic of diplomacy. If you want to get everyone on board you have to sacrifice something. I hope it will lay the ground for future (UN Security Council) resolutions … I really hope so.”-Ehud Azoulay, Israeli envoy

November 18, the International Atomic Energy Agency has passed a resolution against Iran.  However, no details were included in the resolution, as to exactly what action is to be taken, this was the only way the IAEA could get Russia and China to vote for it.

Out of the 35 countries voting on the resolution, 32 voted for it. Cuba and Ecuador voted against.  Indonesia abstained.

 

World War 3, What Economic Recovery? U.S. Defense Secretary says war with Iran will destroy World economy, yet Israeli officials say the World should attack Iran anyway

“I have to tell you… there are going to be economic consequences to that, that could impact not just on our economy but the world economy.”-Leon Panetta, Defense Secretary of the United States

Despite the warmongering rhetoric coming from the White House, and Capitol Hill, U.S. Defense Secretary Leon Panetta is warning of an economic Armageddon scenario if the ‘West’ attacks Iran.

Panetta made the remarks a day before going to Canada, to discuss the very plan to attack Iran with Israeli Defense Minister Ehud Barak.

Meanwhile, Ehud Barak is trying to fan the flames of warmongering by claiming that Iran’s alleged, and unproven, nuclear weapons program is targeting the whole world: “In order to do this we must convince world leaders and the public that the Iranian nuclear program is not only targeting Israel, but the foundations of the entire world order as well.”


 

Occupy California! United Police States of America: California cuts $600 million from social programs, but adds $600 million for new prisons! More proof that the United States will become a giant prison planet

“It’s appalling that while the state is poised to cut another $600 million from already suffering essential programs, including In Home Supportive Services, Medi-Cal, child care, and universities and community colleges, they are forcing forward $600 million to build unnecessary jails. In order to make California a place where everyone can thrive, we need to raise revenues and reduce prison spending immediately!”Nancy Berlin, the California Partnership

“Whether we’re talking about revenue or spending, it comes down to priorities. If decision makers in California continue to prioritize imprisonment over education, over healthcare, over the things that make our communities healthy and sustainable, then social and economic crisis will continue to deepen and the forecasts are going to get much more bleak!”-Emily Harris, Californians United for a Responsible Budget