Banksters Inflate Speculative Food Bubble, U.N. Offers Global Governance Solution

September 27, 2010 § Leave a comment

Never let a good crisis go to waste. The international bankers are taking advantage of the “food crisis” by driving up food prices in what is shaping up to be a classic case of a manufactured bubble.  It is also looking like a clear model of Problem-Reaction-Solution methodology. Create the food inflation problem (of course profiting all the way up), force an enraged reaction among the public, and take more sovereignty away with the solution of global food regulation.

Take a look at the commodity price charts for wheat and corn. Pay particularly close attention to what has happened since July 1st:

wheat

Wheat Prices – Source: Commodity Charts

wheat

Corn Prices – Source: Commodity Charts

These charts look like a technical trader’s dream, almost as if a computer program was set to incrementally increase the prices as to not make too many headlines on the way up.  The recent market speculation has now driven food commodity prices for corn and soybean to their 2-year highs. An emergency meeting Friday by the U.N.’s Food and Agriculture Organization in Rome to address the urgent shortages and sudden surge in prices had this to say:

In the past few weeks, global cereal markets experienced a sudden surge in international wheat prices on concerns over wheat shortages prompted by the drought in the Russian Federation. These unexpected events raise important questions not only about the stability of markets but, even more importantly, about the accuracy of production forecasts and ultimately the overall supply and demand prospects. However, with an increasing proportion of world grain supplies originating from the Black Sea region, an area known for large variations in yields, unexpected production shortfalls are likely to emerge more as a common feature rather than an exception in the years to come.

The Guardian reported on the meeting that, “Environmental disasters and speculative investors are to blame for volatile food commodities markets, says U.N.’s special adviser.” The article went on to quote from a research paper by the U.N.’s “special rapporteur” on food, Olivier De Schutter, which summarizes how speculation is inflating a food bubble:

‘[Beginning in ]2001, food commodities derivatives markets, and commodities indexes began to see an influx of non-traditional investors,; De Schutter writes. ‘The reason for this was because other markets dried up one by one: the dotcoms vanished at the end of 2001, the stock market soon after, and the US housing market in August 2007. As each bubble burst, these large institutional investors moved into other markets, each traditionally considered more stable than the last. Strong similarities can be seen between the price behaviour of food commodities and other refuge values, such as gold.’

He continues: ‘A significant contributory cause of the price spike [has been] speculation by institutional investors who did not have any expertise or interest in agricultural commodities, and who invested in commodities index funds or in order to hedge speculative bets.’

Certainly, the flurry of reports about the growing concerns over global food production, extreme weather, and a record-weak dollar have offered sufficient excuses for the speculation.  While at the same time, the human ramifications of these events are immeasurably awful.  Here’s just a few headlines from this week alone:

Global food risk from China-Russia pincer

USDA reduces grain-production estimates

Australian prime wheat in demand, supply outlook tight

Canadian farmers hit by rain face latest foe — frost

Brazil Crops Shrivel as Amazon Dries Up to Lowest in 47 Years

Gold Climbs to $1,300 on Dollar Concern; Silver at 30-Year High

These are very real concerns for feeding the human population.  And indeed, they are urgent matters to be solved.  However, it seems too convenient to see the banksters profit, the public suffering turn to outrage, and the bank-owned government agencies to scramble for a “solution.” Haven’t we seen this Three-card Monte game enough by now?  It’s a scam.

  • A d v e r t i s e m e n t

Almost right on cue, here comes the reaction from the food aid groups desperately calling for “swift action.”  An ActionAid‘s hunger campaigner, Alex Wijeratna, was quoted in the Guardian article: ”The emergency U.N. meeting in Rome is a clear warning sign that we could be on the brink of another food price crisis unless swift action is taken. Already, nearly a billion people go to bed hungry every night — another food crisis would be catastrophic for millions of poor people.”
If we believe Jacques Diouf, Director-General of the UN Food and Agriculture Organization, we can expect to be offered the solution of global food regulation.  In June of 2009, in response to the 2008 food crisis, he called for “bolstered global governance system for world food security” under the cover of feeding the hungry.  He said, “We have to build a more coherent and effective system of governance for world food security; we have to correct the policies and international trade system that have resulted in more hunger and poverty.”

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Incidentally, the organization’s plans for increased global governance seem to mainly focus on divvying up the elite’s table scraps to the poor hungry nations. Under this governance, we will likely see food continue to be used as an economic weapon.  It is also likely that more “free trade” agreements will be forced for food.  And, finally, we can expect more focus on increasing crop yields — no doubt with the help of big agribusiness. The one thing that we are most likely NOT to see is the prosecution or regulation of the banking speculators who hold the real power to starve the poor.

And the moment we’ve all been waiting for…

Wiretapped phones, now Internet? | StarTribune.com

September 27, 2010 § Leave a comment

WASHINGTON – Federal law enforcement and national security officials are preparing to seek sweeping new regulations of the Internet, arguing that their ability to wiretap criminal and terrorism suspects is “going dark” as people increasingly communicate online instead of by telephone.

Essentially, officials want Congress to require all services that enable communications — including encrypted e-mail transmitters such as BlackBerry, social networking websites such as Facebook and software that allows direct “peer-to-peer” messaging such as Skype — to be technically capable of complying if served with a wiretap order. The mandate would include being able to intercept and unscramble encrypted messages.

The legislation, which the Obama administration plans to submit to Congress next year, raises fresh questions about how to balance security needs with protecting privacy and fostering technological innovation. And because security services around the world face the same problem, it could set an example that is copied globally.

James Dempsey, vice president of the Center for Democracy and Technology, an Internet policy group, said the proposal had “huge implications” and challenged “fundamental elements of the Internet revolution” — including its decentralized design.

“They are really asking for the authority to redesign services that take advantage of the unique, and now pervasive, architecture of the Internet,” he said. “They basically want to turn back the clock and make Internet services function the way that the telephone system used to function.”

But law enforcement officials contend that imposing such a mandate is reasonable and necessary to prevent the erosion of their investigative powers.

Federal court cases alleging police abuse increased 25 percent since 9/11

September 27, 2010 § Leave a comment

Federal court cases alleging police abuse increased 25 percent since 9/11

News Link  •  Law Enforcers or Peace Officers

Federal court cases alleging police abuse increased 25 percent since 9/11

09-26-2010  •  Photography Is Not a Crime 

Since the 9/11 terrorists attacks, we’ve seen a sharp increase in First Amendment violations against photographers, usually in the name of keeping us “safe.”

Now it is evident that one of the reasons for this increase is the lowering of police hiring standards in the recruitment frenzy following the September 11 terrorist attacks.

 

 
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EU Set a Secret Group to Save the Euro – WSJ.com

September 27, 2010 § Leave a comment

BRUSSELS—Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it “the group that doesn’t exist.

True Love Waits For a Democrat

September 26, 2010 § Leave a comment

Communists Sue Democratic Party For Stealing Platform : The Current Truth

September 26, 2010 § Leave a comment

In a surprise move, the CPUSA (Communist Party USA) has announced a lawsuit against the Democratic Party and its leadership for the alleged theft of intellectual property. The plaintiffs claim that the entire so-called “new” Democratic agenda is, in fact, the product of a decades-long, painstaking campaign by CPUSA theorists, agitators, and underground subversive cells – which makes it the intellectual property of the Communist Party USA, protected by American copyright laws. “They stole our entire platform, rebranded it ‘progressive’, and claimed it as their own,” declared a CPUSA spokesperson at a press conference in San Francisco. “And we communists say, not so fast! Not in this country anyway, where we still have property rights and the rule of law, thank God! Actually, let me rephrase that…”
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The Communist Party representative explained that government ownership of the auto and financial industries, redistribution of wealth, and free rationed healthcare have always been among the glorious CPUSA objectives: “We held on to these goals through all the difficult years of factional infighting, purges, denunciations, and heroic espionage on behalf of the Soviet intelligence services.

“This may seem like a foreign idea to you, but we sacrificed everything for it – our friends, our neighbors, and our nation. We suffered from all kinds of ulcers and split personality disorders by blindly following Stalin’s directives. We risked our chances of promotion within US government agencies by dutifully advancing Soviet foreign policy. And for what? So that some spoiled Democrats could ride on our backs to power while throwing us crumbs in the form of minor cabinet appointments?

“It’s just like taking someone else’s hard-earned income and redistributing it! … Never mind, bad example… It’s like infiltrating a respectable organization and taking over its management while engaging in subversive propaganda and the rewriting of history… Whoops, bad example again… It’s like being devoid of moral standards and rejecting all the norms and values of Judeo-Christian civilization… No, that was totally inappropriate. Scratch that…

“It’s time we got our fair share of credit from the current administration. As a gesture of good will, we would be pleased to accept the credit in the form of stimulus checks, subsidies, and loan guarantees for our members. If not now, when?”

CPUSA lawyers presented documents to the press showing that the Democratic platform of 2010, almost-line-for-line, reiterates the CPUSA platform of 1963. As the lead attorney for the plaintiffs pointed out, even a casual reading shows that while the rhetoric occasionally varies, the underlying policies are nearly identical.

“If the public knew that all the Democrat ideas are ours, we’d have more high-paying jobs in the Obama administration,” remarked the CPUSA spokesperson. “While all our members can’t be czars, we should at least get royalties. We can’t survive on government handouts alone, not yet anyway.”

This announcement seems to overturn past communist policy favoring the liquidation of czars and royalty.

The Democratic National Committee has declined to issue an official comment on the lawsuit, but a high-ranking White House official stated privately that this development is the result of an historically inevitable “convergence of opposites” – a philosophical concept outlined by Karl Marx and Friedrich Engels – whereby the American public catches up with the glorious promise of communism, while the CPUSA becomes so American that it becomes embroiled in litigation. “Don’t quote me on this,” he added, “but Barack and I believe we can easily reconcile whatever minor differences we have with the CPUSA, and work together to prepare Americans for the final march, in well-organized and neat columns, towards our radiant progressive future.

Czech president tells UN to stay out of economics

September 26, 2010 § Leave a comment

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Louis Charbonneau
Reuters
Sept 26, 2010

Czech President Vaclav Klaus on Saturday criticized U.N. calls for increased “global governance” of the world’s economy, saying the world body should leave that role to national governments.

The solution to dealing with the global economic crisis, Klaus told the U.N. General Assembly, did not lie in “creating new governmental and supranational agencies, or in aiming at global governance of the world economy.”

“On the contrary, this is the time for international organizations, including the United Nations, to reduce their expenditures, make their administrations thinner, and leave the solutions to the governments of member states,” he said.

Klaus appeared to be responding to the address of the Swiss president of the General Assembly, Joseph Deiss, who said on Thursday at the opening of the annual gathering of world leaders in New York that it was time for the United Nations to “comprehensively fulfill its global governance role.”

Full article here