Watching the Dollar Die

By Paul Craig Roberts

13/03/08 “ICH ” — – I’ve been watching the dollar die all my life. I sometimes think I will outlast it.

When I was a young man, gold was $35 an ounce. Today one ounce gold bullion coins, such as the Canadian Maple Leaf, cost more than $1,000.

Our coinage was silver. Our dimes, quarters, and half dollars had purchasing power. Even the nickel could purchase a candy bar, ice cream cone or soft drink, and a penny could purchase bubble gum or hard candy. If a kid could collect 5 discarded soft drink bottles from a construction site, the 2 cents deposit on the returnable bottles was enough for the Saturday afternoon movie. Gasoline was 32 cents a gallon. A dollar’s worth was enough for a Saturday night date.

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The Day After the Bombing of Iran

Imagine yourself sitting down transfixed and watching video footage of U.S. bombs hitting Iran. You see children ripped limb from limb, mothers screaming and wailing, people panicked, tortured, traumatized, and killed. Imagine asking yourself at that point: What was I doing these past many months that I thought was more important than preventing this?Now ask yourself today: What am I doing that is more important than ending the ongoing hell of the U.S. occupation of Iraq?

Are you struggling to support your family? So are many, many other people who still find hours and days to commit. While congress members and senators have the gall to tell constituents that opposing Pelosi or Reid and cutting off the funding lies outside their “comfort zone,” citizens are going without sleep, ruining marriages and friendships, losing money, fasting, and risking serious jail time for nonviolent protests. Are those children hit by the bombs living within a “comfort zone”?

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World warned on high food costs – BBC NEWS

UN Secretary General Ban Ki-moon has said he is deeply concerned about the sharp rise in global food prices.

Mr Ban said the trend would hinder progress towards the millennium development goals (MDGs), which aim to halve extreme poverty by 2015.

The UN World Food Program (WFP) and other agencies may be forced to ration food aid, he said in a BBC interview.

He said shortages might be eased by a “green revolution” to transform farming methods in Africa.

Global food prices have risen by 40% in nine months and food reserves are at their lowest for 30 years.

The WFP is facing a $500m (£248m) shortfall in its attempts to feed 73 million people this year.

Read moreWorld warned on high food costs – BBC NEWS

Cyclone heads to Mozambique tourist area and Madagascar

MAPUTO, March 13 (Reuters) – The tropical cyclone that has lashed parts of Mozambique, killing 10 people, is expected to hit the southern tourist region of the country before gathering speed on its way to Madagascar, authorities said on Thursday.

Cyclone Jokwe struck ferociously last Friday, displacing 55,000 people, destroying electricity pylons and uprooting trees in the northern Nampula province.

“It is too dangerous for shipping. It is now over the Mozambique channel on its current course and is likely to strike both Mozambique and Madagascar again,” Mussa Mustafa, head of the National Institute of Meteorology, said in an interview.

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Billions at risk from wheat super-blight – New Scientist

wheat-rust.jpgPossible migration routes of wheat rust Ug99

Possible migration routes of wheat rust Ug99

“This thing has immense potential for social and human destruction.” Startling words – but spoken by the father of the Green Revolution, Nobel laureate Norman Borlaug, they are not easily dismissed.

An infection is coming, and almost no one has heard about it. This infection isn’t going to give you flu, or TB. In fact, it isn’t interested in you at all. It is after the wheat plants that feed more people than any other single food source on the planet. And because of cutbacks in international research, we aren’t prepared. The famines that were banished by the advent of disease-resistant crops in the Green Revolution of the 1960s could return, Borlaug told New Scientist.

Read moreBillions at risk from wheat super-blight – New Scientist

Derivatives Have Become the World’s Biggest Black Market

Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen

ARROYO GRANDE, Calif. – “Charlie and I believe Berkshire should be a fortress of financial strength” wrote Warren Buffett. That was five years before the subprime-credit meltdown.

“We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

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Plan To Spray Toxic Biological Chemicals Over San Francisco Announced

(NaturalNews) People of the world, the US Government is planning to poison more than two million people, in California, using an untested biological “pesticide” this summer. The chemical to be sprayed is classified by the EPA as a “pesticide” and the plan is to douse cities with this chemical designed to stick on everything for 90 days or longer. This application is not a one time event, but will continue every 1-3 months for as long as five years. The pesticide to be sprayed is not designed to harm the light brown apple moth’s who it is designed for, but merely to confuse its mating habits. While harmless to moths, the pesticide has been documented to harm humans.Side effects range from vomiting and flu like systems, to male and female reproductive cycle disruption. One child nearly died from the exposure, and some people have developed asthma from being exposed to this chemical concoction. It is cause for alarm that a chemical being labeled as harmless and “safe” even in minute doses, causes severe health effects in some people. The government is racing to cover up and hide the dangerous health effects so that they can continue their aerial spray plans this summer. Your attention and action on this subject is needed in the most important way.

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Why the US has really gone broke

Global confidence in the US economy has reached zero, as was proved by last month’s stock market meltdown. But there is an enormous anomaly in the US economy above and beyond the subprime mortgage crisis, the housing bubble and the prospect of recession: 60 years of misallocation of resources, and borrowings, to the establishment and maintenance of a military-industrial complex as the basis of the nation’s economic life

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Monks under siege in monasteries as protest ends in a hail of gunfire

Tibetan Buddhist monks on a hillside above the Drepung Monastery where the protests began
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Paramilitary police have surrounded Tibet’s most important monasteries after hundreds of monks shouting “Long live the Dalai Lama” defied Beijing in the biggest protest in the Himalayan region for almost 20 years.

Witnesses described violent clashes between monks and police on the outskirts of Lhasa on Monday afternoon and reported hearing as many as 60 gunshots as troops forced the monks to return to their quarters early yesterday. They said that about 60 monks from Drepung monastery were detained on the edge of the Tibetan capital and about 11 from Sera monastery were arrested after shouting anti-Chinese slogans.

Read moreMonks under siege in monasteries as protest ends in a hail of gunfire