Fukushima nuclear disaster , effects of radiation and maps of radiation readings

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This chart provides an excellent explanation of the dangers of radiation exposure. There are also several links to radiation level maps in Japan and related videos.

Radiation Effects Fukushima Japan

Radiations Monographie Effets sante valeurs millisieverts mSv Japon

The Wall Street Journal was providing an excellent interactive map of radiation levels in Japan up until April 2011 and then stopped reporting further details. Wonder why?

A map of citizen measured radiation levels shows radioactivity is distributed in a complex pattern reflecting the mountainous terrain and the shifting winds across a broad area of Japan north of Tokyo which is in the center of the of bottom of the map. Radiation limits begin to be exceeded at just above 0.1 microsieverts/ hour blue. Red is about fifty times the civilian radiation limit at 5.0 microsieverts/hour. Because children are much more sensitive than adults, these results are a great concern for parents of young children in potentially affected areas.

Radiation readings in Japan Map

Radiation readings in Japan Map

Radiation Level Map of North America

Radiation Map of North America

Real time World Map of Jet Stream

Jet Stream Map

List of Radiation And Jet Stream Forecast Monitoring Sites around the World courtesy of Rense.com

Fukushima radiation nuclear fallout map

Fukushima Japan radiation testing

Poison in the our drinking water

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Exposure to fluoride may lower children’s intelligence says a study pre-published in Environmental Health Perspectives, a publication of the National Institute of Environmental Health Sciences.

Fluoride is added to 70% of U.S. public drinking water supplies.

According to Paul Connett, Ph.D., director of the Fluoride Action Network, “This is the 24th study that has found this association, but this study is stronger than the rest because the authors have controlled for key confounding variables and in addition to correlating lowered IQ with levels of fluoride in the water, the authors found a correlation between lowered IQ and fluoride levels in children’s blood. This brings us closer to a cause and effect relationship between fluoride exposure and brain damage in children.”

In this study we found a significant dose-response relation between fluoride level in serum and children’s IQ.

“What is also striking is that the levels of the fluoride in the community where the lowered IQs were recorded were lower than the EPA’s so-called ‘safe’ drinking water standard for fluoride of 4 ppm and far too close for comfort to the levels used in artificial fluoridation programs (0.7 – 1.2 ppm),” says Connett.

In this study, 512 children aged 8-13 years in two Chinese villages were studied and tested – Wamaio with an average of 2.47 mg/L water fluoride (range 0.57-4.50 mg/L) and Xinhuai averaging 0.36 mg/L (range 0.18-0.76 mg/L).

Poison in tap water

Tap water is being poisoned

The authors eliminated both lead exposure and iodine deficiency as possible causes for the lowered IQs. They also excluded any children who had a history of brain disease or head injury and none drank brick tea, known to contain high fluoride levels. Neither village is exposed to fluoride pollution from burning coal or other industrial sources.

About 28% of the children in the low-fluoride area scored as bright, normal or higher intelligence compared to only 8% in the “high” fluoride area of Wamaio. In the high-fluoride city, 15% had scores indicating mental retardation and only 6% in the low-fluoride city.The study authors write: “In this study we found a significant dose-response relation between fluoride level in serum and children’s IQ.”

In addition to this study, and the 23 other IQ studies, there have been over 100 animal studies linking fluoride to brain damage (all the IQ and animal brain studies are listed in Appendix 1 in The Case Against Fluoride available online at http://fluoridealert.org/caseagainstfluoride.appendices.html).

One of the earliest animal studies of fluoride’s impact on the brain was published in the U.S. This study by Mullenix et. al (1995) led to the firing of the lead author by the Forsyth Dental Center. “This sent a clear message to other researchers in the U.S. that it was not good for their careers to look into the health effects of fluoride” particularly on the brain,” says Connett.

Connett adds, “The result is that while the issue of fluoride’s impact on IQ is being aggressively pursued around the world, practically no work has been done in the U.S. or other fluoridating countries to repeat their findings. Sadly, health agencies in fluoridated countries seem to be more intent on protecting the fluoridation program than protecting children’s brains.”

When the National Research Council of the National Academies reviewed this topic in their 507-page report “Fluoride in Drinking Water: A Review of EPA’s Standards” published in 2006, only 5 of the 24 IQ studies were available in English. Even so the panel found the link between fluoride exposure and lowered IQ both consistent and “plausible.”

According to Tara Blank, Ph.D., the Science and Health Officer for the Fluoride Action Network, “This should be the study that finally ends water fluoridation. Millions of American children are being exposed unnecessarily to this neurotoxin on a daily basis. Who in their right minds would risk lowering their child’s intelligence in order to reduce a small amount of tooth decay, for which the evidence is very weak.” (see The Case Against Fluoride, Chelsea Green, October 2010)

SOURCE Fluoride Action Network (http://www.FluorideAction.org)

Take action today support the Fluoride Action Network and those promoting their work like Alex Jones. Visit infowars.com buy a t-shirt and educate your neighbours.





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Poison in our drinking water - help stop Fluoridation.



fluoride in the drinking water - there is a poison there

Poison in our drinking water

Harper Conservatives Win Majority in 2011 Canada Elections

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Harper has finally done it. He has won his majority thanks to the feeble Liberals and the total collapse of the Bloc Quebecois. In this election we see the destruction of two parties and the rise of the an American style two party system between the Conservatives and the New Democratic Party (NDP) . The choice is very clear now in Canada – the far right or the far left. Do you prefer capitalism run rampant or do you want capitalism with limits? In Ontario the provincial elections in October might see the entire Canadian political system take a sharp right turn if Hudak and his crew can capture power in Ontario. The Toronto municipal elections has already seen the elections of the far right Rob Ford administration. And now Harper’s reich wing administration being in charge for at least the next four years will see a plethora of immigration friendly, small business friendly, working class friendly policies that will make his idols proud. The saying goes people get the government they deserve. Canada has made its choice clear and will have to live with the consequences for the next few years. God help us all. Buy gold and silver and prepare for more deception about the coming depression.

Fuhrer Harper

Fake administration, fake birth, and now a fake death – a trifecta of lies and deception

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How many lies can you put out there before people realize something is not quite right? Obama campaigned as a peace maker and has turned out to a worse war monger than even Bush. He then faked his own birth certificate when the pressure became too much and when that did not work and his ratings started to plunge it was time to launch the ultimate lie and pull out the Osama has been killed lie. Osama died years ago of kidney failure or was he not killed by US troops in 2003 or I thought we killed him on the cave of  Tora Bora? Take your pick. The latest photoshop fraud is even worse than the birth certificate debacle. My bet is they will use the fake Osama death to launch a full out war in Pakistan, which will divert attention from the fake birth certificate, and then the fake peace monger (remember the book 1984 by Orwell and “peace is war”) will use these events as a pretext to roll out further draconian measures to protect our liberty. The slogans of Newspeak are “War is Peace”, “Freedom is Slavery” and “Ignorance is Strength.” Obama or Osama take your pick is now in Elvis and Hoffa territory. Where is the body? Fake DNA samples and mysterious burials at sea? How dumb, docile, and domesticated have we become? The body will never be shown because he died years ago and we only have the fake photoshop version now.

Kenyan Birth Certificate President Obama

Kenyan Birth Certificate President Obama

President Obama Long Form Birth Certificate

President Obama Long Form Birth Certificate - Official Whitewashed Version

obama or osama offon

Faked Obama Birth Certificate

Faked Obama Birth Certificate - as per Grandma Dunham version

Canadian Obama Birth Certificate

Canadian Obama Birth Certificate

Fake Osama bin Laden Photoshop Photo - Deception and Lies!

Our Future and the End of the Oil Age

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This slide presentation by Dmitry Orlov is a thought provoking look into a future without oil. The time wean ourselves of this dependency is now and not when a barrel of oil reaches $200 a barrel.


The United States of Usury and the Takedown of the World Financial System – Oops!

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The United States of Usury and the Takedown of the World Financial System. Reminds a line from the Britney Spears song – Oops I did it again!

How many more insults will the world serfs take? The United States of Usury is being used and manipulated to bring down the entire world financial system. You have to wonder if Bernake and Obama are actually trying to “fix” things or if they are actually there to put the “fix in”. These agents of destruction need to be recognized and outed for what they really are. The United States of Usury is a fake economy, built on a fiat currency, run on the a financial model called fraud by the Federal Reserve. God help us all for the coming storm and serfdom…

Protect yourself – buy physical gold and silver, pray, eat healthy foods, exercise, read, become self-sufficient, stop buying garbage at the malls, and prepare.

  • More lucid commentary by Max Kesier
  • Max Keiser on Alex Jones
  • John Perkins and the Confessions of an Economic Hitman
  • Aquaponics
  • Window Farms

Text me if there is a revolution? The Al Jazeera Deception.

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Were the recent events in Egypt, Tunisia, Yemen, Algeria and now Libya examples of a Twitter, FaceBook, or Al Jazeera based revolution? Some have labelled it the Jasmine Revolution or Revolution 2.0. Is this analysis correct? If you examine the how information really spreads the fastest it is through basic face to face communications. And if you consider that the internet was deliberating killed for several days how is it that Twitter and Facebook were such powerful forces? In advertising it is called word of mouth and remains one of the most powerful means for organizing and influencing individual behaviour. It is this face to face based communications that has the greatest legitimacy and is most effective way of spreading revolution.

Another point of view to consider is the analysis by Imran Hosein the how the news network Al Jazeera is being used to deceive the Arab masses.

For more videos and lectures by Imran Hosein see this website.

Why are food prices rising around the world?

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Food prices have been rising around the world. What is behind this trend? Food has now become a commodity for price manipulation and criminal speculation. These articles help to explain the fraud, market manipulation, and forces behind this destabilizing phenomena.

THE EGYPTIAN TINDERBOX: HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD

Ellen Brown

February 2nd, 2011

“What for a poor man is a crust, for a rich man is a securitized asset class.”

–Futures trader Ann Berg, quoted in the UK Guardian

Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people’s incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.

Follow the Money

The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve’s “quantitative easing” program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for rising prices.

The problem with that theory is that the global money supply has actually shrunk since 2006, when food prices began their dramatic rise. Virtually all money today is created on the books of banks as “credit” or “debt,” and overall lending has shrunk. This has occurred in an accelerating process of deleveraging (paying down or writing off loans and not making new ones), as the subprime housing market has collapsed and bank capital requirements have been raised. Although it seems counterintuitive, the more debt there is, the more money there is in the system. As debt shrinks, the money supply shrinks in tandem.

That is why government debt today is not actually the bugaboo it is being made out to be by the deficit terrorists. The flipside of debt is credit, and businesses run on it. When credit collapses, trade collapses. When private debt shrinks, public debt must therefore step in to replace it. The “good” credit or debt is the kind used for building infrastructure and other productive capacity, increasing the Gross Domestic Product and wages; and this is the kind governments are in a position to employ. The parasitic forms of credit or debt are the gamblers’ money-making-money schemes, which add nothing to GDP.

Prices have been driven up by too much money chasing too few goods, but the money is chasing only certain selected goods. Food and fuel prices are up, but housing prices are down. The net result is that overall price inflation remains low.

While quantitative easing may not be the culprit, Fed action has driven the rush into commodities. In response to the banking crisis of 2008, the Federal Reserve dropped the Fed funds rate (the rate at which banks borrow from each other) nearly to zero. This has allowed banks and their customers to borrow in the U.S. at very low rates and invest abroad for higher returns, creating a dollar “carry trade.”

Meanwhile, interest rates on federal securities were also driven to very low levels, leaving investors without that safe, stable option for funding their retirements. “Hot money” – investment seeking higher returns – fled from the collapsed housing market into anything but the dollar, which generally meant fleeing into commodities.

New Meaning to the Old Adage “Don’t Play with Your Food”

At one time food was considered a poor speculative investment, because it was too perishable to be stored until market conditions were right for resale. But that changed with the development of ETFs (exchange-traded funds) and other financial innovations.

As first devised, speculation in food futures was fairly innocuous, since when the contract expired, somebody actually had to buy the product at the “spot” or cash price. This forced the fanciful futures price and the more realistic spot price into alignment. But that changed in 1991. In a revealing July 2010 report in Harper’s Magazine titled “The Food Bubble: How Wall Street Starved Millions and Got Away with It,” Frederick Kaufman wrote:

The history of food took an ominous turn in 1991, at a time when no one was paying much attention. That was the year Goldman Sachs decided our daily bread might make an excellent investment. . . .

Robber barons, gold bugs, and financiers of every stripe had long dreamed of controlling all of something everybody needed or desired, then holding back the supply as demand drove up prices.

As Kaufman explained this financial innovation in a July 16 interview on Democracy Now:

Goldman . . . came up with this idea of the commodity index fund, which really was a way for them to accumulate huge piles of cash for themselves. . . . Instead of a buy-and-sell order, like everybody does in these markets, they just started buying. It’s called “going long.” They started going long on wheat futures. . . . And every time one of these contracts came due, they would do something called “rolling it over” into the next contract. . . . And they kept on buying and buying and buying and buying and accumulating this historically unprecedented pile of long-only wheat futures. And this accumulation created a very odd phenomenon in the market. It’s called a “demand shock.” Usually prices go up because supply is low . . . . In this case, Goldman and the other banks had introduced this completely unnatural and artificial demand to buy wheat, and that then set the price up. . . . [H]ard red wheat generally trades between $3 and $6 per sixty-pound bushel. It went up to $12, then $15, then $18. Then it broke $20. And on February 25th, 2008, hard red spring futures settled at $25 per bushel. . . . [T]he irony here is that in 2008, it was the greatest wheat-producing year in world history.

. . . [T]he other outrage . . . is that at the time that Goldman and these other banks are completely messing up the structure of this market, they’ve protected themselves outside the market, through this really almost diabolical idea called “replication” . . . . Let’s say, . . . you want me to invest for you in the wheat market. You give me a hundred bucks . . . . [W]hat I should be doing is putting a hundred bucks in the wheat markets. But I don’t have to do that. All I have to do is put $5 in. . . . And with that $5, I can hold your hundred-dollar position. Well, now I’ve got ninety-five of your dollars. . . . [W]hat Goldman did with hundreds of billions of dollars, and what all these banks did with hundreds of billions of dollars, is they put them in the most conservative investments conceivable. They put it in T-bills. . . . [N]ow that you have hundreds of billions of dollars in T-bills, you can leverage that into trillions of dollars. . . . And then they take that trillion dollars, they give it to their day traders, and they say, “Go at it, guys. Do whatever is most lucrative today.” And so, as billions of people starve, they use that money to make billions of dollars for themselves.

Other researchers have concurred in this explanation of the food crisis. In a July 2010 article called “How Goldman Sachs Gambled on Starving the World’s Poor – And Won,” journalist Johann Hari observed:

Beginning in late 2006, world food prices began rising. A year later, wheat price had gone up 80 percent, maize by 90 percent and rice by 320 percent. Food riots broke out in more than 30 countries, and 200 million people faced malnutrition and starvation. Suddenly, in the spring of 2008, food prices fell to previous levels, as if by magic. Jean Ziegler, the UN Special Rapporteur on the Right to Food, has called this “a silent mass murder”, entirely due to “man-made actions.”

Some economists said the hikes were caused by increased demand by Chinese and Indian middle class population booms and the growing use of corn for ethanol. But according to Professor Jayati Ghosh of the Centre for Economic Studies in New Delhi, demand from those countries actually fell by 3 percent over the period; and the International Grain Council stated that global production of wheat had increased during the price spike.

According to a study by the now-defunct Lehman Brothers, index fund speculation jumped from $13 billion to $260 billion from 2003 to 2008. Not surprisingly, food prices rose in tandem, beginning in 2003. Hedge fund manager Michael Masters estimated that on the regulated exchanges in the U.S., 64 percent of all wheat contracts were held by speculators with no interest whatever in real wheat. They owned it solely in anticipation of price inflation and resale. George Soros said it was “just like secretly hoarding food during a hunger crisis in order to make profits from increasing prices.”

An August 2009 paper by Jayati Ghosh, professor at the Centre for Economic Studies and Planning at Jawaharlal Nehru University in New Dehli, compared food staples traded on futures markets with staples that were not. She found that the price of food staples not traded on futures markets, such as millet, cassava and potatoes, rose only a fraction as much as staples subject to speculation, such as wheat.

Nomi Prins, writing in Mother Jones in 2008, also blamed the price hikes on speculation. She observed that agricultural futures and energy futures were being packaged and sold just like CDOs (collateralized debt obligations), but in this case they were called CCOs (collateralized commodity obligations). The higher the price of food, the more CCO investors profited. She warned:

[W]ithout strong regulation of electronic exchanges and the derivatives products that enable speculators to move huge proportions of the futures markets underlying commodities, putting a bit of regulation into the London-based exchanges will not alleviate anything. Unless that’s addressed, this bubble is going to take more than homes with it. It’s going to take lives.

What Can Be Done?

According to Kaufman, the food bubble has now increased the ranks of the world’s hungry by 250 million. On July 21, 2010, President Obama signed a Wall Street reform bill that would close many of the regulatory loopholes allowing big financial institutions to play in agriculture commodity futures markets, but Kaufman says the bill’s solutions are not likely to work. Wall Street innovators can devise new ways to speculate that easily dance around cumbersome, slow-to-pass legislation. Attempts to ban all food speculation are also unlikely to work, he says, since firms can pick up the phone and do their trades through London, or arrange over-the-counter (private) swaps.

As an alternative, Kaufman suggests a worldwide or national grain reserve, so that regulators can bring wheat into the market when needed to stabilize prices. He notes that we actually kept a large grain reserve in the Clinton era, before the mania for deregulation. President Franklin Roosevelt pledged to maintain a large grain reserve in his second Agricultural Adjustment Act in 1938.

Chris Cook, former director of a global energy exchange, maintains:

The only long term solution is to completely re-architect markets. Firstly, cutting out middlemen — which is a process already under way. Secondly, a new settlement between producer and consumer nations — a Bretton Woods II.

Speculative markets today are driven more by fear, says Cook, than by greed. Investors are looking for something safe that will give them an adequate return, which means something they can live on in retirement. They need these investments because their employers and the government do not provide an adequate safety net.

At one time, federal securities were a safe and adequate investment for retirees. Then federal interest rates plunged, and investors moved into municipal bonds. Now that market too is collapsing, due to threats of bankruptcy among bond issuers. Cities, counties and states floundering from the credit crisis have been denied access to the quantitative easing tools used to bail out the banks — although it was the banks, not local governments, that caused the crisis. See “The Fed Has Spoken: No Bailout for Main Street.”

Meanwhile, pensions are being slashed and social security is under attack. Arguably, along with the grain reserves institutionalized under Franklin Roosevelt, we need an Economic Bill of Rights of the sort he envisioned, one that would guarantee citizens at least a bare minimum standard of living. This could be done through job guarantees when people were able to work and social security when they were not. The program could be funded with government-created credit or government-bank-created credit, and this could be done without causing hyperinflation. To support that contention would take more space than is left here, but the subject has been tackled in my book Web of Debt. In the meantime, the credit needed to get local economies up and running again can be furnished through publicly-owned banks. For more on that possibility, see http://PublicBankingInstitute.org.

Source: http://www.webofdebt.com/articles/egyptian_tinderbox.php

———————————

The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation

Food inflation is now a reality for much of the world. It contributed to the overthrow of the Tunisian government, has led to riots across the Middle East and North Africa, driven up costs in China and India, and may only be getting started. Whether you blame a bad crop or bad monetary policy, food inflation is here. Nomura produced a research report detailing the countries that would be crushed in a food crisis. One, Tunisia, has already seen its government overthrown. Their description of a food crisis is a prolonged price spike. They calculate the states that have the most to lose by a formula including:

  • Nominal GDP per capita in USD at market exchange rates.
  • The share of food in total household consumption.
  • Net food exports as a percentage of GDP.

We’ve got the top 25 countries in danger here and the list, including a major financial center, may surprise you.

#1 Bangladesh

  • GDP per capita in USD: $497
  • Food as a percentage of total household consumption: 53.8%
  • Net food exports (as percentage of GDP): -3.3%

#2 Morocco

  • GDP per capita in USD: $2,769
  • Food as a percentage of total household consumption: 63.0%
  • Net food exports (as percentage of GDP): -2.1%

#3 Algeria

  • GDP per capita in USD: $4,845
  • Food as a percentage of total household consumption: 53.0%
  • Net food exports (as percentage of GDP): -2.8%

#4 Nigeria

  • GDP per capita in USD: $1,370
  • Food as a percentage of total household consumption: 73.0%
  • Net food exports (as percentage of GDP): -0.9%

#5 Lebanon

  • GDP per capita in USD: $6,978
  • Food as a percentage of total household consumption: 34.0%
  • Net food exports (as percentage of GDP): -3.9%

#6 Egypt

  • GDP per capita in USD: $1,991
  • Food as a percentage of total household consumption: 48.1%
  • Net food exports (as percentage of GDP): -2.1%

#7 Sri Lanka

  • GDP per capita in USD: $2,013
  • Food as a percentage of total household consumption: 39.6%
  • Net food exports (as percentage of GDP): -2.7%

#8 Sudan

  • GDP per capita in USD: $1,353
  • Food as a percentage of total household consumption: 52.9%
  • Net food exports (as percentage of GDP): -1.3%

#9 Hong Kong

  • GDP per capita in USD: $30,863
  • Food as a percentage of total household consumption: 25.8%
  • Net food exports (as percentage of GDP): -4.4%

#10 Azerbaijan

  • GDP per capita in USD: $5,315
  • Food as a percentage of total household consumption: 60.2%
  • Net food exports (as percentage of GDP): -0.6%

#11 Angola

  • GDP per capita in USD: $4,714
  • Food as a percentage of total household consumption: 46.1%
  • Net food exports (as percentage of GDP): -1.4%

#12 Romania

  • GDP per capita in USD: $9,300
  • Food as a percentage of total household consumption: 49.4%
  • Net food exports (as percentage of GDP): -1.1%

#13 Philippines

  • GDP per capita in USD: $1,847
  • Food as a percentage of total household consumption: 45.6%
  • Net food exports (as percentage of GDP): -1.0%

#14 Kenya

  • GDP per capita in USD: $783
  • Food as a percentage of total household consumption: 45.8%
  • Net food exports (as percentage of GDP): -0.8%

#15 Pakistan

  • GDP per capita in USD: $991
  • Food as a percentage of total household consumption: 47.6%
  • Net food exports (as percentage of GDP): -0.4%

#16 Libya

  • GDP per capita in USD: $14,802
  • Food as a percentage of total household consumption: 37.2%
  • Net food exports (as percentage of GDP): -1.7%

#17 Dominican Republic

  • GDP per capita in USD: $4,576
  • Food as a percentage of total household consumption: 38.3%
  • Net food exports (as percentage of GDP): -1.1%

#18 Tunisia

  • GDP per capita in USD: $3,903
  • Food as a percentage of total household consumption: 36.0%
  • Net food exports (as percentage of GDP): -1.1%

#19 Bulgaria

  • GDP per capita in USD: $6,546
  • Food as a percentage of total household consumption: 49.5%
  • Net food exports (as percentage of GDP): -0.1%

#20 Ukraine

  • GDP per capita in USD: $3,899
  • Food as a percentage of total household consumption: 61.0%
  • Net food exports (as percentage of GDP): 0.9%

#21 India

  • GDP per capita in USD: $1,017
  • Food as a percentage of total household consumption: 49.5%
  • Net food exports (as percentage of GDP): 0.3%

#23 Latvia

  • GDP per capita in USD: $14,908
  • Food as a percentage of total household consumption: 34.3%
  • Net food exports (as percentage of GDP): -1.1%

#24 Vietnam

  • GDP per capita in USD: $1,051
  • Food as a percentage of total household consumption: 50.7%
  • Net food exports (as percentage of GDP): 0.8%

#25 Venezuela

  • GDP per capita in USD: $11,246
  • Food as a percentage of total household consumption: 32.6%
  • Net food exports (as percentage of GDP): -1.0%

Source: http://www.businessinsider.com/governments-food-price-inflation-2011-1?slop=1


Who Benefits From High Food Prices?

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In this article way back in 2008 Nomi Prins rightly argues its market speculators like Goldman Sachs and cohorts that are behind the rise in food prices. As Monsanto and ADM post records profits, the poor the getter poorer, and food prices are increasing.

By Nomi Prins | Wed Jun. 18, 2008


Forget subprime. The next price bubble to watch is food speculation.

Last week, new consumer price data [1] released by the US Labor Department confirmed what most shoppers already suspected: Food prices, which took their biggest one-month leap in nearly two decades in April, rose even further in May. Energy costs, too, went up last month. The big question, though, is why?

At the financial leaders G8 summit [2] that wrapped up over the weekend, food and oil speculation were front and center.And G8 leaders aren’t the only ones expressing concern over traders profiting from the world’s pain. Major hedge-fund stars like George Soros and Michael Masters are also screaming moral foul on commodity speculation—a clear signal there’s more fire than smoke on the horizon.

US Food and Gas Expenditures as % of Income

As Masters told [3] a Senate committee last month, “Institutional investors have purchased over 2 billion bushels of corn futures in the last five years. [They] have stockpiled enough corn futures to potentially fuel the entire United States ethanol industry at full capacity for a year.”

Indeed, the current agricultural price bubble has produced record highs in soybeans and wheat as well. Against this backdrop, a clueless Congress passed US farmer and food-stamp aid within the recent farm bill, without addressing the possibility that speculation could be to blame, or that curtailing speculation could help alleviate the domestic and global food crisis. They should have looked toWall Street’s lead.

The latest grain and oilseed trading report from the Chicago Mercantile Exchange cited first quarter of 2008 trading volume up 32 percent over the last quarter of 2007. That’s extra money coming in from speculators, not corn or wheat farmers hedging their crop prices in case of bad weather.

Additionally, the hot new favorite among traders is betting on packages of energy and agricultural futures. Called CCO’s (collateralized commodity obligations), they are like their subprime cousins, CDO’s (collateralized debt obligations). Their performance is linked to rising commodity prices; the higher the prices, the more profit to the CCO.

There’s another group, besides the standard speculator crew, literally reaping extreme profits from the price squeezes—the crop equivalents of Exxon, multinational agricultural biotechnology corporations. Monsanto, which recently told the 12th Annual Goldman Sachs Agricultural Biotech Forum that its profits would double by 2012, is buzzing (PDF) [4]; the firm’s stock price doubled during the past year. ADM, the nation’s second-largest ethanol producer, saw its annual revenues increase by 64 percent. Even agriculture conglomerate Cargill’s third-quarter profits rose 86 percent.

Last week, a group of senators led by Carl Levin (D-Mich.) introduced the Close the London Loophole Act, which would curtail a situation that allows speculators to bypass all Commodity Futures Trading Commission regulations by trading on foreign exchanges.

But without strong regulation of electronic exchanges and the derivatives products that enable speculators to move huge proportions of the futures markets underlying commodities, putting a bit of regulation into the London-based exchanges will not alleviate anything. Unless that’s addressed, this bubble is going to take more than homes with it. It’s going to take lives.

Nomi Prins – Book TV: After Words: Nomi Prins, \”It Takes a Pillage\”


Crash JP Morgan – Buy Silver

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This time, Max Keiser and co-host Stacy Herbert look at videos from the “Crash JP Morgan, Buy Silver” viral campaign.

“Don’t go to a gunfight with a knife…”
Max Keiser

Arm yourself with knowledge.

THE GOLD DINĀR AND SILVER DIRHAM Download this book by Imran Hosein to understand the truth behind silver and gold.

Abū Bakr ibn Abi Maryam reported that he heard the Messenger of Allah say: “A time is certainly coming over mankind in which there will be nothing (left) that will be of use (or benefit) save a Dinār (i.e., a gold coin) and a Dirham (i.e., a silver coin).” [This prophecy clearly anticipates the eventual collapse of the fraudulent monetary system now functioning around the world.] (Musnad, Ahmad)

Videos

http://www.youtube.com/view_play_list?p=16164F8792524E70

http://www.imranhosein.org/video/42/117-the-gold-dinar-islam-and-future-of-money.html

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