This page has been archived and commenting is disabled.

Good morning, worker drones: This Week In Mayhem

Project Mayhem's picture





 

Good morning, worker drones: This Week in Mayhem

by Project Mayhem

Project Censored releases top censored news stories of 2009, Market Skeptics highlights catastrophic fall in global food production, gold bounces off $1100, Copenhagen succeeds in building global governance framework, Pakistan and Yemen sink further into chaos..



LAST WEEK IN MAYHEM

Project Censored releases list of 25 censored news stories of the past year

* 1. US Congress Sells Out to Wall Street
* 2. US Schools are More Segregated Today than in the 1950s
* 3. Toxic Waste Behind Somali Pirates
* 4. Nuclear Waste Pools in North Carolina
* 5. Europe Blocks US Toxic Products
* 6. Lobbyists Buy Congress
* 7. Obama’s Military Appointments Have Corrupt Past
* 8. Bailed out Banks and America’s Wealthiest Cheat IRS Out of Billions
* 9. US Arms Used for War Crimes in Gaza
* 10. Ecuador Declares Foreign Debt Illegitimate
* 11. Private Corporations Profit from the Occupation of Palestine
* 12. Mysterious Death of Mike Connell—Karl Rove’s Election Thief
* 13. Katrina’s Hidden Race War
* 14. Congress Invested in Defense Contracts
* 15. World Bank’s Carbon Trade Fiasco

http://www.projectcensored.org/top-stories/category/two-thousand-and-ten-book/

2010 Food Crisis for Dummies


The countries that make up two thirds of the world's agricultural output are experiencing drought conditions.

The following article is HIGHLY recommended for anyone trading in the commodities futures markets or interested in possible future outcomes in 2010.

"If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.

So far the crisis has been driven by the slow and steady increase in defaults on mortgages and other loans. This is about to change. What will drive the financial crisis in 2010 will be panic about food supplies and the dollar’s plunging value. Things will start moving fast."

http://www.marketskeptics.com/2009/12/2010-food-crisis-for-dummies.html


Gold bounces off $1100

Gold has bounced off $1100, as expected, but the question  is whether this level will hold.  This is almost impossible to predict...what we do know is that gold is going much higher intermediate-term.  Short-term, we could see pricing pressures on gold until we get a new leg down in the economic crisis and/or war in Central Asia.  Things are heating up around the world, particularly in Yemen and Pakistan.  Regardless, we expect a hard floor for the gold price in the range of $1000-1050.  We will watch carefully for the next two business weeks leading into Jan 1st, as this will involve year-end mark-to-market for gold on many balance sheets so expect volatility.  In terms of the next year (2010) we are expecting a dollar crisis so it would be wise to own gold under such circumstances.

Tarpley - Hyperinflation possible in 2010
http://eclipptv.com/viewVideo.php?video_id=9059

Gerald Celente - 2010 - Prepare for the Worse
http://eclipptv.com/viewVideo.php?video_id=9060


Copenhagen Treaty yields start of Global Governance

The Copenhagen treaty was a success despite the massive scientific scandal; the global bankster-gangsters got precisely what they wanted.  The objective was to establish the framework for a world government, which is often called 'global governance' in policy planning circles. The seeds of this were successfully planted.  There were two main accomplishments at Copenhagen:  1) agreement on a global transaction tax on GDP, paid to the World Bank  and 2) agreement on preliminary funding for global governance, conservatively $100bn by 2020 but we believe this number will be much much higher (probably in trillions).

"In 2004, it was less than $300 million. But in 2005, the trade really started to soar, ending the year with $10.8 billion-worth of transactions. A year later, in 2006, the "carbon" market had grown to $31 billion. In 2007, again it more than doubled its turnover, to $64 billion. Last year, it did it again, reaching a colossal $126 billion. By 2020, some estimates suggest the annual value will reach $2 trillion."

http://eureferendum.blogspot.com/2009/12/protecting-big-carbon.html

"This is the biggest heist in history. As they poured carbon over snow-covered Denmark from their gas-guzzling jets, world leaders were congratulating themselves on securing a deal which will make their backers and financiers a trillion pounds a year. These riches will come from buying and selling permits, the so-called 'carbon credits' which allow industry and electricity generators in developed countries to emit carbon dioxide.

The frenzied negotiations we have just seen were never about 'saving the planet'. They were always about money."

http://www.dailymail.co.uk/debate/article-1237235/ANALYSIS-Saved--trillion-pound-trade-carbon.html

Copenhagen accord keeps Big Carbon in business

"The part played at Copenhagen by all the tree-huggers, abetted by the BBC and their media allies, was to keep hysteria over warming at fever pitch while the politicians haggled over the real prize, to keep the Kyoto system in place.

The only tree they were concerned with hugging was the money tree and all the vast political apparatus that now supports it, allowing governments to tax and regulate us into handing over ever more of our money, largely without realising it, every time we drive a car, fly in a plane, pay our electricity bill or carry out any of a vast range of activities that involve the emission of CO2. "

http://www.telegraph.co.uk/comment/columnists/christopherbooker/6845686/Copenhagen-accord-keeps-Big-Carbon-in-business.html

Saudis rain missiles down on Yemen



Saudi warplanes rain '1,011 missiles' on Yemen

"Houthi fighters say Saudi warplanes have fired some 1,011 missiles on the borderline with Yemen where the Shia population is already under heavy state-led and US-aided bombardment. "
http://www.presstv.ir/detail.aspx?id=114162&sectionid=351020206


US air raids kill 63 civilians in Yemen

"Yemen’s Houthi fighters say scores of civilians, including many children, have been killed in US air-raids in the southeast of the war-stricken Arab country."
http://dprogram.net/2009/12/19/us-air-raids-kill-63-civilians-in-yemen/

Obama Ordered U.S. Military Strike on Yemen Terrorists
"The Yemen attacks by the U.S. military represent a major escalation of the Obama administration's campaign against al Qaeda."
http://abcnews.go.com/Blotter/cruise-missiles-strike-yemen/story?id=9375236

 

 

 

Pakistan on brink ;  Obama feigns surprise


Internally displaced Pakistani women and children, aka alQueda

Pakistan continues to deteriorate, as we have been expected since the election of Obama.  There is definitely a new war brewing in the region.  The most likely conflict is either an event justifying going into Pakistan, or an event justifying going into Iran.  In either case, doing so would land us in deep deep trouble, and would escalate into a regional war.  Pakistan is a nuclear-armed country, with ballistic and cruise missiles, and Iran has advanced Russian weaponry.  War in either country would be a big mistake with catastrophic consequences for the world, but our fearless leaders do not seem to care about the people of the world or their lives.  Regardless, the CIA and ISI are doing an excellent job of destabilizing Pakistan, which seems to be the policy objectiive.

Pakistan political crisis deepens

"THE political crisis in Pakistan has deepened after the Government's anti-corruption agency sought a warrant for the arrest of the country's Interior Minister."

http://www.theage.com.au/world/pakistan-in-crisis-as-creeping-coup-unfolds-20091219-l6lf.html

Symptom of a Deeper Malady Pakistan's Refugee Disaster

In the meantime, with the winter months fast approaching, hundreds of thousands of "unintegrated" refugees who do not find more durable shelter, even as military sweeps continue, could face exposure and starvation. Some aid groups are demanding that the United States pressure Pakistan to respect international humanitarian law and allow independent access to the refugees.

http://uruknet.com/index.php?p=m61206&hd=&size=1&l=e


 

THIS WEEK IN MAYHEM

 


source: cmegroup

Not much happening this week due to the Christmas holiday. Tuesday brings us the GDP number and existing home sales, Wednesday is new home sales, and Thursday is durable goods orders and jobless claims.  This week we are watching Yemen and Pakistan.

Have a great week and Merry Christmas


Project Mayhem Research (PMR) is a DC/Baltimore-based grassroots think tank dedicated to exposing corruption worldwide. PMR is affiliated with Zerohedge.com, a popular and growing anti-corruption site, through contribution of free articles for the public. Topics include the politics of war and weapons systems, unexpected applications of cybernetics, the growing international surveillance state, global warming 'deindustrialization' economics, broad systemic international corruption , in-depth policy analysis of studies from bank and military funded research groups, genetic analysis and surveillance of pandemic influenza, corruption in the international gold market, the power structure and history of the global elite, and analysis of their political objectives expressed through monopolistic international finance capital (read: powerful banks) between now and 2050.

Sign up for free news updates and future subscription information--



Subscribe/Unsubscribe to Project Mayhem Research


* Required





Powered by Dada Mail 3.0.5 Stable Mailing List Manager


 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/22/2009 - 01:43 | Link to Comment JR
JR's picture

The Report From Iron Mountain should now be considered…not a dark hoax, conspiracy theory or paranoid suspicious plot…but as nothing less than the grand curtain opening for Copenhagen.

The Report, released in 1966 and produced by the Hudson Institute, founded and directed by CFR member Herman Kahn formerly of the Rand Corporation, is a fitting prelude for the Copenhagen climate change conference.

That secret report, confirmed by Harvard professor John Kenneth Galbraith at the time who said he knew first hand of the report’s authenticity, stipulated that in order to create a world government disciplined by a world army and a disarmed people, a credible global threat must be found--one that threatens the entire world. And if one was not found, one must be invented.

In the Report’s words: “Allegiance requires a cause, a cause requires an enemy.  This much is obvious; the critical point is the enemy that defines the cause must seem genuinely formidable.”

G. Edward Griffin who reviewed the Report in 1994 said, “The final candidate for a useful global threat was pollution of the environment.  This was viewed as the most likely to succeed because it could be related to observable conditions such as smog and water pollution—in other words, it would be based partly on fact and, therefore, credible…

“Their purpose would be to frighten, not to inform.  It might even be necessary to deliberately poison the environment… The masses would then more willingly accept a falling standard of living, tax increases, and bureaucratic intervention in their lives as simply ‘the price we must pay to save Mother Earth.’”

According to Griffin, the Report was commissioned by then Secretary of Defense Robert McNamara. It reads:  “It may be that gross pollution of the environment can eventually replace the possibility of mass destruction by nuclear weapons as the principal apparent threat to the survival of the species…[W]e must emphasize that one must be found of credible quality and magnitude, if a transition to peace is ever to come about without social disintegration.  It is more probable, in our judgment, that such a threat will have to be invented.”

When the report was publicly leaked, then Special Assistant for National Security Affairs and CFR member Walt Rostow was quick to denounce it as a spurious work.  But on November 26, 1967, the report was reviewed in the book section of the Washington Post in News of War and Peace You’re Not Ready For by Herschel McLandress, the pen name for Galbraith, who said he had been invited to  participate in it.

As Griffin said then, and as verified now by ClimateGate, “The Report From Iron Mountain has already created our present.  It is now shaping our future.”

Mon, 12/21/2009 - 23:32 | Link to Comment Anonymous
Mon, 12/21/2009 - 23:28 | Link to Comment Anonymous
Mon, 12/21/2009 - 21:51 | Link to Comment Anonymous
Mon, 12/21/2009 - 18:50 | Link to Comment Anonymous
Mon, 12/21/2009 - 21:24 | Link to Comment Mad Max
Mad Max's picture

1) Michigan is only a drop in the bucket in the ag sector.  It is a major factor only in fruit and sugar beets.  All its other crops are small on the national scene, much less the global scene.

2) Michigan's harvest was delayed considerably.  Not as much as the states cited, but enough to be a problem.  Much of the corn crop was damaged by an early frost that froze still-green corn, resulting in less yield than normal.  Certainly Michigan is not a disaster for the 2009 harvest, but it is somewhat below normal for corn.  (Wheat and soybeans not affected much.)

Mon, 12/21/2009 - 18:50 | Link to Comment Anonymous
Mon, 12/21/2009 - 21:24 | Link to Comment Mad Max
Mad Max's picture

Excellent summary.  Be wary of peering behind the curtain lest you be blinded.

Tue, 12/22/2009 - 10:06 | Link to Comment AN0NYM0US
Mon, 12/21/2009 - 17:41 | Link to Comment JR
JR's picture

MERRY CHRISTMAS! in caps!

Nathan Martin left this blazing Merry Christmas! display on his website Nathan’s Economic Edge before he hit the road Sunday until Christmas, with this comment: “Amazing Christmas display with 176 channels and 45,000 lights!  The show is so popular it requires a crew of 3 people to manage the traffic."

Amazing Grace Techno - Computer Controlled Christmas Lights

by Richard Holdman

http://economicedge.blogspot.com/

And a Happy New Year! PM and all, hopefully but doubtfully, with less mayhem!!

J.R.

Mon, 12/21/2009 - 16:37 | Link to Comment Anonymous
Mon, 12/21/2009 - 20:01 | Link to Comment the grateful un...
the grateful unemployed's picture

I was reading the most recent SSB futures report, and they echo the disconnect; their projections in the grains are across the board lower than the USDA, but we have seen this movie before. Lower fuel and food prices are in your best interest, don't ask questions. We have seen Bernanke and co buying their own bonds through foreign surrogates to put a bid under the price.

As for those who laugh at conspiracy theorists, for years Bernie Schaeffer and others talked about the Plunge Protection Police, but when the lid finally blew, it turns out that government intervention to buy S&P futures contracts was just a drop in the bucket. The extremes of price volatility when (commodity, and stocks are rapidly approaching commodity status)  markets revert to the mean cause extreme distortions (oil to $170 before the recession hit, and the price found some balance in supply and demand) Just as gold traces out a similar scenario? Yes this is like the movie Avatar, high tech costumes, same old story. 

Mon, 12/21/2009 - 22:49 | Link to Comment Anonymous
Mon, 12/21/2009 - 16:28 | Link to Comment jbcorwin
jbcorwin's picture

Love the articles, look forward to them all week.

Mon, 12/21/2009 - 20:24 | Link to Comment I need more asshats
I need more asshats's picture

If you want proof of who's really fucking up the world food supply look no further than Monsanto.

Here is a documentary for those of you who would like a good movie for the holiday(free). You'll like this movie.

http://thepiratebay.org/search/the%20world%20according%20to%20monsanto/0...

Or search for `The World According to Monsanto`.

If you don't have a torrent client here is a starting point.
http://www.utorrent.com

Ask yourself a question after watching. Could a seed company control a plants yield?

Tue, 12/22/2009 - 00:14 | Link to Comment Marley
Marley's picture

Two other good ones are:

"The Future of Food" and "King Corn"

PM: Good summary as usual, thanks.

To all the world's people I wish peace and happiness.

Mon, 12/21/2009 - 14:56 | Link to Comment Prophet of Wise
Prophet of Wise's picture

And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. The Book of the Revelation 6:6

Mon, 12/21/2009 - 14:53 | Link to Comment spekulatn
spekulatn's picture

Great work as usual PM. Thanks for the efforts. ZH deserves you.

Merry Christmas and here's to the little guy/gal really fuckin shit up in 2010;) 

Mon, 12/21/2009 - 14:35 | Link to Comment Anonymous
Mon, 12/21/2009 - 17:06 | Link to Comment Mad Max
Mad Max's picture

The map is quite obviously divided only by country, not within each country.  Last I checked Alaska was part of the US.

Mon, 12/21/2009 - 16:43 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

The first rule of conspiracy theory is, this is the biggest conspiracy ever and only we know the truth.

Mon, 12/21/2009 - 15:05 | Link to Comment lookma
lookma's picture

India news program discussing 20% food inflation and what the Reserve Bank of India might do in response.  Apparently record low rates in trying to follow the USA down the ZIRP free money hole might not be a sustainable policy.

http://www.youtube.com/watch?v=W8wuSG3rZRE&feature=player_embedded

Mon, 12/21/2009 - 14:02 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

What do you think the Devil is going to look like if he's around? Nobody is going to be taken in if he has a long, red, pointy tail. No. I'm semi-serious here. He will look attractive and he will be nice and helpful and he will get a job where he influences a great God-fearing nation and he will never do an evil thing... he will just bit by little bit lower standards where they are important. Just coax along flash over substance... Just a tiny bit. And he will talk about all of us really being salesmen. And he'll get all the great women.'
-Aaron Altman (Broadcast News) 

'Hey, don't you know it's a waste of your day
Caught up in endless solutions
That have no meaning, just another hunch
Based upon jumping conclusions
Caught up in endless solutions
Backed up against a wall of confusion
Living a life of illusion.
'
-Joe Walsh 

'Have you ever had a dream, Neo, that you were so sure was real? What if you were unable to wake from that dream? How would you know the difference between the dream world and the real world?'
-Morpheus 

'Now those memories come back to haunt me they haunt me like a curse. Is a dream a lie if it don't come true? Or is it something worse?'
-Bruce Springsteen 

'History repeats itself, first as tragedy, second as farce..'
-Karl Marx 

As mentioned in FT weekend, it is slightly more profitable to be amoral, but even more so to be immoral.

Qn.som.yale.edu :In stocks, vice outperforms virtue, according to the study “Sin Stock Returns” by Frank Fabozzi. Fabozzi and his co-authors created a portfolio of stocks in six vice industries — adult entertainment, alcohol, biotech, gaming, tobacco, and weapons industries — across 21 countries and tracked its performance against stock market index returns. The average sin stock produced an annual return of 19.02% compared to an annual average stock market return of 7.87%. The sin portfolio also outperformed the market in 35 of the 37 years tracked. 

FT notes that a $10,000 investment in sin stocks would have become $6,300,000 versus just $164,000 in standard equities.

Isn't that special?

The struggle of virtue and vice is writ large as the debate between deflationistas and debasionistas. Ones' lens depends on what one means by ones' ends. The deflationistias mean that deflation is the midwife of hyperinflation. The debasionistas mean that America's resilient wealth exporting machine will import higher asset values. The former pines for reason before farce, the latter embraces the tragedy.

This ends with bubbles, in gold and equities. And then a crash and then more bubbles.

Most probably we break the 2007 downtrend next year and bounce off the 1982 uptrend.

If we break the 1982 uptrend, we really risk a hyperinflationary episode for deflation is the hemlock of the elites.

The higher the lower and the lower the higher. The cycle of strife, as it were.

Vice before virtue, farce before reason, the question vexing? Duck or Rabbit Season?

The answer both ... in due time.

Hobbes first law of nature is that every man ought to endeavour peace, as far as he has hope of obtaining it; and when he cannot obtain it, that he may seek and use all helps and advantages of war.

The dollar is the bullet, the Fed is the weapon. The key to the gun cabinet is for Members Only

Mon, 12/21/2009 - 16:57 | Link to Comment JR
JR's picture

Americans must insure that the "key to the gun cabinet" remains in the people's pocket. Else tyranny is sure to repeat itself.

John Adams told Abigail that the British ships-of-war arriving in Boston harbor were the “teeth” of the Townshend Acts being forced on the Colonies.  Soon thousands of Red Coats walked the streets of Boston stirring the initial venom of Americans against a standing army.  These “lobsters,” as Americans called the soldiers, were not there for protection, they were there for enforcement.

Jefferson’s Declaration of Independence charged the King of England with having “kept among us, in times of peace, standing armies, without the consent of our legislatures.”

The American people historically have been opposed to the use of U.S. Military for domestic enforcement.  Witness the rising indignation over military training exercises in urban warfare and the growing defense of their right to keep and bear arms. The Posse Comitatus Act of 1878 limits the power of the national government to use the military for law enforcement. And the instances where the National Guard has been federalized have met with strong public opposition.

I contend that when the U.S. Military starts walking the streets, when the black helicopters begin canvassing the skies at night, that the rising anger and suspicion among the people will lead to events such as occurred when the British Regulars from Halifax walked the streets of Boston.

The moment may be close at hand.  As Washington’s Blog warns, the military already is preparing:  OFFICIALS AND EXPERTS WARN OF CRASH-INDUCED UNREST | December 16, 2009

Numerous high-level officials and experts warn that the economic crisis could lead to unrest world-wide - even in developed countries:

·         Today, Moody's warned that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world, that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics, that a fiscal crisis remains a possibility for a leading economy, and that 2010 would be a “tumultuous year for sovereign debt issuers”.

·         The U.S. Army War College warned in 2008 November warned in a monograph [click on Policypointers’ pdf link to see the report] titled “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development” of crash-induced unrest:

The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.” “An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home,” it went on. “Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD [the Department of Defense] would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance,” the document read.

…The chairman of the Joint Chiefs of Staff warned the financial crisis is the highest national security concern for the U.S., and warned that the fallout from the crisis could lead to "greater instability."

…more: http://www.washingtonsblog.com/2009/12/officials-and-experts-warn-of-crash.html

"What, Sir, is the use of a militia? It is to prevent the establishment of a standing army, the bane of liberty. . . .Whenever Governments mean to invade the rights and liberties of the people, they always attempt to destroy the militia, in order to raise an army upon their ruins." - Rep. Elbridge Gerry of Massachusetts, Signer of the Declaration of Independence, VP of the United States 1813-1814, spoken during floor debate over the Second Amendment, I Annals of Congress at 750, August 17, 1789

Tue, 12/22/2009 - 12:10 | Link to Comment WaterWings
WaterWings's picture

Oh, man, I can't get enough of that Gerry quote. Have I seen that before? What part of 'standing army' do gun-grabbers not understand?

Wed, 12/23/2009 - 10:03 | Link to Comment SWRichmond
SWRichmond's picture

"Were I to make a list of our dangerous radicals I should name, first, the Congress of the United States which treats with contempt the plain mandates of the Constitution."
- Congressman George Tinkham, April 5, 1923

Mon, 12/21/2009 - 13:29 | Link to Comment Anonymous
Mon, 12/21/2009 - 17:05 | Link to Comment Mad Max
Mad Max's picture

Go away before the article about "Mother-in-law flu" hits next week.  Or don't say I didn't warn you.

Mon, 12/21/2009 - 16:36 | Link to Comment I need more asshats
I need more asshats's picture

LoL.

Anonymous, bringing the funny since 2009. Good one.

Mon, 12/21/2009 - 13:29 | Link to Comment the grateful un...
the grateful unemployed's picture

I posted in the forum, about the marketsceptics article on famine and the USDA's false crop projections. Their article, or blog is long and a little sloppy, farmers always complain about the weather, but several pages of farmer rants doesn't make the case for a weather related ag disaster. More importantly, is this another instance of the invisible hand of government denying hedge funds and speculators access to the commodity market, a policy which began when financial investors were rumored to be taking physical delivery of oil and taking it off the market to drive up prices (after the Bush people had played their hand, to keep energy prices artificially low, speculators saw the disconnect and they did what they are supposed to do, call them the oil vigilantes if you want).

A similar problem is brewing in the ag markets, as futures prices are dropping, where the producer companies are getting a free ride, and are probably shorting the grain markets to keep prices lower, rather than hedging their purchases, as they normally do.

The bullish MOO:COW spread tells the story, the MOO is a basket of equities, the COW is futures contracts. The equity etf is strong, the futures, or price etf, the COW has been in a mini bear market. The writer contends the futures market may collapse completely, which is counter intuitive. If anything the premium should be put back into these contracts, with a vengence, once the diseased hand of government intervnetion can no longer hold the tiller. The soybean contango, or the oil contango, both lead us down the same path. The Bush admin manipulation of the SPR, ahead of the midterms, was given free pass by the opposition party in Congress, which has no interest in investigating illegal and unethical government intervention in the free markets as long as it benefits their constituents, (the SPR shennaigan involved pumping oil into enterprise storage, after Hurricane Katrina, and then transferring that oil back, on paper, but while leaving it in enterprise storage. The tankers arrive, the storage facilites say sorry, we're full up, but of course the tanks are full of oil which doesn't belong to them, and when oil traders ignore inventory reports, and crack spreads widen, you know something is going on.)

The process by which Republican lawmakers stage a rally with HEALTHCARE lobbyists, to try and defeat the HRC, as abysmally decrepit as it sounds, makes, sorta sense, when you begin to catch the thread.

It was price controls during the first Great Depression which prevented farmers from selling their products in the market, and often plowing crops back into the field while people were going hungry. The benevolent hand of government is conspiring this time around, to keep prices lower, which is equally nefarious, but who are we to argue with them? We like to eat.

That sort of Socialism didn't work too well in the CCCR, but that is not our concern, taking the right position is our concern.

 

Mon, 12/21/2009 - 13:18 | Link to Comment Anonymous
Mon, 12/21/2009 - 13:17 | Link to Comment Ruth
Ruth's picture

Thanks PM, I always look forward to Monday's because of you.  Great job as always!  Merry Christmas to You and Yours!

Mon, 12/21/2009 - 13:09 | Link to Comment crzyhun
crzyhun's picture

Thanks for the many heads up. Stay tuned.

Mon, 12/21/2009 - 13:04 | Link to Comment ilene
ilene's picture

Second attempt to post a link to my newest article in my Swine Flu series (first try vanished) - covering changes in genetics, viral evolution, predictions, vaccines, situation in Ukraine, tamiflu resistance).  This one focuses on increasing findings of tamiflu resistance and withholding of sequence information.  Here's the article:  http://philsbackupsite.wordpress.com/2009/12/20/flu-update-tamiflu-resistance-and-ukraine/

Ilene

Mon, 12/21/2009 - 14:49 | Link to Comment spekulatn
spekulatn's picture

Great stuff ilene. Enjoy your work. Read it daily.

Mon, 12/21/2009 - 16:42 | Link to Comment ilene
ilene's picture

Thanks so much!  Nicest thing I've heard all day... :-) 

Mon, 12/21/2009 - 18:20 | Link to Comment ED
ED's picture

Any word on the usefulness of the H1N1 vaccines?

Mon, 12/21/2009 - 19:45 | Link to Comment ilene
ilene's picture

Hi Ed,

The vaccines would be effective against the seemingly less aggressive wild-type swine flu H1N1, both the vaccines that are injected and the Flu Mist.  However, as it appears that the amounts of variants with changes in the receptor binding domain (D225G, D225N, and D225E) are becoming more common, the effectiveness of the vaccines will depend on whether any of those variants are present in one's particular mix of infecting viruses.  (According to Dr. Niman, these sub-strains are circulating in lower quantities than the wild-type virus, but are increasing.  There is not enough information collected or released to the public to really make quantitative estimates.) 

The Flu Mist - live attenuated viruses - included viruses with the D225G change in the receptor binding domain.  So, Flu Mist confers protection against that variant.  I'm not sure if there is cross reaction with D225E and D225N, other variants which have been isolated from swine flu cases.  Flu Mist also does not contain mercury/thimerosal, and the means of exposure is closer to how you would get the actual flu - which seem like benefits, imo.

The vaccines would be effective against viruses that have resistance to tamiflu, unless the D225 changed as well, which would be the reason for the lack of recognition after being vaccinated against the wild-type virus.  In other words, the normal D225 virus, without a change in the receptor binding domain, should be sensitive to the immune response, even if it had tamiflu-resistant viruses mixed in.

 

 

Mon, 12/21/2009 - 19:51 | Link to Comment ilene
ilene's picture

I should add that my conclusions are more based on logic than on actual testing, at this point. However, there was at least one test supporting the conclusion that the vaccine would not confer protection against a D225G variant.  And given that the Flu Mist included this marker, it is more likely to provide protection.  More studies are in order.

Tue, 12/22/2009 - 09:53 | Link to Comment ED
ED's picture

Thank you for the info ilene,

Regards

Mon, 12/21/2009 - 12:56 | Link to Comment bugs_
bugs_'s picture

So much to think about for 2010.  Canned food.

Bank Holiday.  Colombia.  Yemen.

Iran.

Happy New Year Mayhem! LOL.

 

Mon, 12/21/2009 - 12:52 | Link to Comment SWRichmond
SWRichmond's picture

Benjamin Franklin, at the Constitutional Convention in Philadelphia, 2 June 1787:

And there will always be a party for giving more to the rulers, that the rulers may be able in return to give more to them.--Hence as all history informs us, there has been in every State & Kingdom a constant kind of warfare between the Governing & Governed: the one striving to obtain more for its support, and the other to pay less. And this has alone occasioned great convulsions, actual civil wars, ending either in dethroning of the Princes or enslaving of the people. Generally indeed the ruling power carries its point, the revenues of princes constantly increasing, and we see that they are never satisfied, but always in want of more. The more the people are discontented with the oppression of taxes; the greater need the prince has of money to distribute among his partizans and pay the troops that are to suppress all resistance, and enable him to plunder at pleasure. There is scarce a king in a hundred who would not, if he could, follow the example of Pharoah, get first all the peoples money, then all their lands, and then make them and their children servants forever.

Mon, 12/21/2009 - 15:12 | Link to Comment JR
JR's picture

The excesses of rulers, history indicates, eventually can remove both the excesses and the rulers. Case in point of current ruler excess is the actual purchase of United States senators to buy votes for Big Healthcare.

This violation of the people’s rights and livelihoods for the benefit of an Obama-corporatized health care industry and Obama Rule reminds one of the excesses of George III, the British ruler during the American Revolutionary War.  The King’s purchase of members of Parliament became known as “Golden Pills.” The price of seats as well as votes in Parliament rose to 4000 pounds as the king distributed rewards and punishments to get measures passed.  His excesses, of course, cost him the loss of his imperial rule, and with his loss of America, the beginning of the breakup of the British Empire.

In today’s Congress, of course, the price is much higher than 4000 pounds. Just ask senators Mary Landrieu of Louisiana, Ben Nelson of Nebraska, and Joseph Lieberman of Connecticut, the leading prostitutes of “this week in mayhem”.

It is true that the Republicans have held together famously to oppose the health care legislation and that their amendments have been strategically placed. But let’s be clear: the Obama election and the 60 welfare state votes that this increasingly unpopular man was able to carry into the Senate were delivered by none other than the former Republican leadership in the Congress.  It was delivered, of course, with the unbelievable adherence of President Bush and his legislative leaders to the blueprint of the neo conservatives in their drive to support their plan for the Middle East.  Only Obama, with his mysterious promises during the campaign and his vote against Iraq War funding, appealed to enough independent voters to carry him to victory and bring along this large group of marginal Democrats.

Of course the financial industry led by Goldman Sachs was key to the "Bush" policies leading seamlessly to the dominance of the "Obama" policies. It is my hope that the excesses of the Democrats this year will not only expose them to voter wrath in 2010 but will identify their sponsors, namely the investment bankers who have called every tune.

Mon, 12/21/2009 - 21:33 | Link to Comment Unscarred
Unscarred's picture

Great post, JR.  Great perspective.  Solid understanding of the mechanics in play.  Objective and non-partisan.  Look forward to reading more.

Mon, 12/21/2009 - 12:52 | Link to Comment butchee
butchee's picture

PM
Nice work! Any comment on this? http://abcnews.go.com/Business/wireStory?id=9388577 Is all the volume worldwide destined to be either dark pool or HFT? Can't they name them something more like vortex or maelstrom or event horizon?
Solstice in an hour or so...that seems like a real event to celebrate...no debate on whether days will be getting longer, is there?

Mon, 12/21/2009 - 15:29 | Link to Comment loki
loki's picture

Days will definitely be getting longer....yet most Americans are perpetually in the dark...

Mon, 12/21/2009 - 12:44 | Link to Comment Anonymous
Mon, 12/21/2009 - 12:48 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Enlightening as ever - holiday kudos, Project Mayhem! (off to google, bing or yahoo Mike Connell). 

Here we go: http://rawstory.com/news/2008/Killed_GOP_pilot_suspected_plane_had_1222.html

Mon, 12/21/2009 - 12:40 | Link to Comment Señor Tranche
Señor Tranche's picture

The linked article on food production shows mainly damage to crops due to extremely wet conditions, whereas the map on this post shows the US in "historic drought." How do these data points reconcile? 

Do NOT follow this link or you will be banned from the site!