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
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."
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.
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."
"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."
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. "
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. "
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."
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."
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."
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.
THIS WEEK IN MAYHEM
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.
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