Jerry Jackson

Posts Tagged ‘Middle East’

Reporters Without Borders protests against crackdown on media in Syria

In Activism, Human Rights, Internet Censorship, Military, Society, Syria, World Government, World News on May 5, 2011 at 12:16 am

Reporters Without Borders activists gathered outside the Syrian embassy in Paris at 11 a.m. today, World Press Freedom Day, to protest against the Syrian government’s crackdown on the media.

Chanting “Huriyat Al-Sahafa fi Suriya!” (Freedom of the press in Syria), the demonstrators threw buckets of blue paint at the embassy’s perimeter walls and used the paint to write: “It is ink that should flow, not blood.” Police detained 30 of the press freedom organization’s activists for a few hours.

“Syria is the country that worries us most at the moment,” Reporters Without Borders secretary-general Jean-François Julliard said. “No one knows what is going on there. How many of the demonstrators have been killed? How many have been wounded? No one knows because journalists are being prevented from working. Foreign reporters cannot get visas to go there and local journalists are all being jailed or forced to remain silent.”

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Julliard added: “Defending freedom of information in Syria above all means defending the Syrian people’s right to know what is going on in their own country. The government must end this news blackout. Acts of violence are almost certainly taking place at this very moment in Syria but nothing is being reported because the media are banned from going there. This is unacceptable.”

Reporters Without Borders hails the release of Khaled Sid Mohand, an Algerian journalist who had been detained in Syria. It shows that all the demonstrations on his behalf in France and Algeria paid off. Journalists nonetheless continue to be targeted in Syria, as they have been since the start of the wave of protests there. Arrests, physical attacks and deportations are all being used to ensure a complete news blackout.

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The crackdown is continuing. Yesterday, the Syrian writer and journalist Omar Koush was arrested on arrival at Damascus airport after participating in a conference in Turkey, while Al-Jazeera announced that it had lost contact with one of its journalists, Dorothy Parvaz (who has US, Canadian and Iranian citizenship), since her arrival in Damascus on 29 April. Al-Jazeera previously announced on 27 April that it was suspending all activities throughout Syria until further notice because of the many threats and acts of intimidation against its crews.

Three other journalists are currently known to be held by the Syrian authorities. They are Fayez Sara, a Syrian journalist and writer who was arrested on 11 April; Mohamed Zaid Mistou, a Norwegian journalist of Syrian origin, who was arrested on 7 April; and Kamal Sheikhou, a Syrian blogger who was arrested on 15 March.

At the same time, there has been no news of the journalists Akram Abu Safi and Sobhie Naeem Al-Assal since 24 March.

As part of its actions marking World Press Freedom Day, Reporters Without Borders today released the 2011 version of its list of Press Freedom Predators, this one with 38 heads of state and warlords who sow terror in the media. The most important changes in this year’s list have been in North Africa and the Middle East, where dramatic and sometimes tragic events have taken place in recent months.


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20 Signs That A Horrific Global Food Crisis Is Coming

In Activism, Economics, Human Rights, Society, World News on April 17, 2011 at 11:27 am

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In case you haven’t noticed, the world is on the verge of a horrific global food crisis. At some point, this crisis will affect you and your family. It may not be today, and it may not be tomorrow, but it is going to happen. Crazy weather and horrifying natural disasters have played havoc with agricultural production in many areas of the globe over the past couple of years. Meanwhile, the price of oil has begun to skyrocket. The entire global economy is predicated on the ability to use massive amounts of inexpensive oil to cheaply produce food and other goods and transport them over vast distances. Without cheap oil the whole game changes. Topsoil is being depleted at a staggering rate and key aquifers all over the world are being drained at an alarming pace. Global food prices are already at an all-time high and they continue to move up aggressively. So what is going to happen to our world when hundreds of millions more people cannot afford to feed themselves?
Most Americans are so accustomed to supermarkets that are absolutely packed to the gills with massive amounts of really inexpensive food that they cannot even imagine that life could be any other way. Unfortunately, that era is ending.
There are all kinds of indications that we are now entering a time when there will not be nearly enough food for everyone in the world. As competition for food supplies increases, food prices are going to go up. In fact, at some point they are going to go way up.
Let’s look at some of the key reasons why an increasing number of people believe that a massive food crisis is on the horizon.
The following are 20 signs that a horrific global food crisis is coming….
#1 According to the World Bank, 44 million people around the globe have been pushed into extreme poverty since last June because of rising food prices.
#2 The world is losing topsoil at an astounding rate. In fact, according to Lester Brown, “one third of the world’s cropland is losing topsoil faster than new soil is forming through natural processes”.
#3 Due to U.S. ethanol subsidies, almost a third of all corn grown in the United States is now used for fuel. This is putting a lot of stress on the price of corn.
#4 Due to a lack of water, some countries in the Middle East find themselves forced to almost totally rely on other nations for basic food staples. For example, it is being projected that there will be no more wheat production in Saudi Arabia by the year 2012.#5 Water tables all over the globe are being depleted at an alarming rate due to “overpumping”. According to the World Bank, there are 130 million people in China and 175 million people in India that are being fed with grain with water that is being pumped out of aquifers faster than it can be replaced. So what happens once all of that water is gone?
#6 In the United States, the systematic depletion of the Ogallala Aquifercould eventually turn “America’s Breadbasket” back into the “Dust Bowl”.
#7 Diseases such as UG99 wheat rust are wiping out increasingly large segments of the world food supply.
#8 The tsunami and subsequent nuclear crisis in Japan have rendered vast agricultural areas in that nation unusable. In fact, there are many that believe that eventually a significant portion of northern Japan will be considered to beuninhabitable. Not only that, many are now convinced that the Japanese economy, the third largest economy in the world, is likely to totally collapse as a result of all this.
#9 The price of oil may be the biggest factor on this list. The way that we produce our food is very heavily dependent on oil. The way that we transport our food is very heavily dependent on oil. When you have skyrocketing oil prices, our entire food production system becomes much more expensive. If the price of oil continues to stay high, we are going to see much higher food prices and some forms of food production will no longer make economic sense at all.
#10 At some point the world could experience a very serious fertilizer shortage. According to scientists with the Global Phosphorus Research Initiative, the world is not going to have enough phosphorous to meet agricultural demand in just 30 to 40 years.
#11 Food inflation is already devastating many economies around the globe. For example, India is dealing with an annual food inflation rate of 18 percent.
#12 According to the United Nations, the global price of food reached a new all-time high in February.
#13 According to the World Bank, the global price of food has risen 36% over the past 12 months.
#14 The commodity price of wheat has approximately doubled since last summer.
#15 The commodity price of corn has also about doubled since last summer.
#16 The commodity price of soybeans is up about 50% since last June.
#17 The commodity price of orange juice has doubled since 2009.
#18 There are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less and the world was already on the verge ofeconomic disaster before this year even began.
#19 2011 has already been one of the craziest years since World War 2. Revolutions have swept across the Middle East, the United States has gotten involved in the civil war in Libya, Europe is on the verge of a financial meltdown and the U.S. dollar is dying. None of this is good news for global food production.
#20 There have been persistent rumors of shortages at some of the biggest suppliers of emergency food in the United States. The following is an excerpt from a recent “special alert” posted on Raiders News Network….
Look around you. Read the headlines. See the largest factories of food, potassium iodide, and other emergency product manufacturers literally closing their online stores and putting up signs like those on Mountain House’s Official Website and Thyrosafe’s Factory Webpage that explain, due to overwhelming demand, they are shutting down sales for the time being and hope to reopen someday.
So what does all of this mean?
It means that time is short.

For years, many “doom and gloomers” have been yelling and screaming that a food crisis is coming.
Well, up to this point there hasn’t been much to get alarmed about. Food prices have started to rise, but the truth is that our stores are still packed to the rafters will gigantic amounts of relatively cheap food.
However, you would have to be an idiot not to see the warning signs. Just look at what happened in Japan after March 11th. Store shelves were cleared out almost instantly.
It isn’t going to happen today, and it probably isn’t going to happen tomorrow, but at some point a major league food crisis is going to strike.
So what are you and your family going to do then?
You might want to start thinking about that.
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Global Military Spending Hits High But Growth Slows

In Economics, Human Rights, Military, Society, World Government, World News on April 12, 2011 at 8:28 am


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Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.


Global spending rose 1.3 percent in real terms, a slowdown from 5.9 percent the year before as the economic downturn caused by the 2008 financial crisis hit military spending, the Stockholm International Peace Research Institute said.

“In many cases, the falls or slower increases represent a delayed reaction to the global financial and economic crisis that broke in 2008,” it said in a statement, adding that there were regional differences.

Spending in Europe shrank 2.8 percent to $382 billion as governments started to rein in soaring budget deficits.

The biggest cuts were in small economies in central and eastern Europe, and in crisis-struck southern European countries such as Greece.

“Further cuts are expected in most of Europe in 2011 and subsequent years, although these are likely to remain relatively modest in the major spending countries,” SIPRI, which conducts independent research on international security, armaments and disarmament, said in a statement.


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Saudis ask U.S. for price quotes for warships with air and missile defenses

In Activism, Economics, Human Rights, Military, Society, World Government, World News on April 9, 2011 at 5:07 am


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Last month a Saudi Web site reported that a popular cleric has issued a fatwa urging Muslims to target Israeli interests everywhere, to avenge the attacks on the Gaza Strip.

Saudi Arabia has asked the United States for prices for surface warships with integrated air and missile defenses, helicopters, patrol craft and shore infrastructure, the U.S. Navy said on Friday.

The Navy is preparing a rough cost estimate that would be delivered possibly as soon as May, Navy spokeswoman Captain Cate Mueller told Reuters.

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Saudi Arabia is the biggest U.S. arms buyer and is expected to remain so despite political upheaval in the Middle East.

The request for medium surface combat ships and the rest of the hardware was received by the Navy in July through the Saudi Ministry of Defense and Aviation, Mueller said.

Earlier on Friday, Lockheed Martin Corp executives said the first phase of the so-called Saudi Naval Expansion Program-II could be worth e20 billion, attributing the estimate to U.S. Navy officials. The company would likely vie for any such orders.

Other likely competitors would be Australia’s Austal Ltd and General Dynamics Corp, which teamed up to build a Littoral Combat Ship for the U.S. Navy, as is Lockheed.

Paul Lemmo, a Lockheed vice president for business development, said the company would pitch a multi-mission version of its fast new coastal combat ship, perhaps fitted with Lockheed’s Aegis weapon system.

In October, the Obama administration notified Congress of a proposed arms sale to Saudi Arabia potentially worth as much as e60 billion over 15 to 20 years. It would be the largest arms deal on record if all purchases are made, including 84 Boeing F-15 fighter jets and upgrades to 70 more F-15s that the Saudis already have.

Last month a Saudi Web site reported that a popular cleric has issued a fatwa urging Muslims to target Israeli interests everywhere, to avenge the attacks on the Gaza Strip.

The site, Rasid, posts news about Saudi Arabia’s Shiite community and on Sunday said that Sheik Awadh al-Garni has issued a religious edict urging Muslims to strike anything that has a link to Israel, calling it a legitimate target for Muslims everywhere.

Al-Garni, whose is popular in the kingdom, is not a member of the official religious establishment.

Fatwas are not legally binding, and it is up to the individual Muslim to follow them.

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Libya is a Continuation of Neocon War to Remake Middle East

In Activism, Human Rights, Libya, Society, World Government on April 2, 2011 at 1:39 am


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Statement on Libya – Defining U.S. National Security Interests, Before the Foreign Affairs Committee, US House of Representatives, 31 March 2011The American people have once again been suckered into an unconstitutional, undeclared, illegal, and unwise war. This is not a war in response to an attack on the United States. This is not a war against a regime that has threatened the United States. This is a preventative war. The president never claimed that any large-scale slaughter of civilians was taking place in Libya. Rather, the president has spent close to a billion dollars – so far – bombing a country because its government might at some point harm its civilians.



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The president consulted NATO, the United Nations, and the Arab League for permission and authorization to use US military force against Libya. He ignored the one body that has the legal authority to grant that permission, the US Congress.While we have not seen credible proof – nor has it been claimed – that the Gaddafi regime has engaged in any large-scale slaughter of Libyan civilians, we see increasing reports of civilians who have been killed in airstrikes by the forces that are supposed to protect them! It seems we may be causing the very problem our intervention was supposed to prevent.After days of the administration’s public speculation about whether or not to arm the Libyan rebels, we hear from the media that the president already instructed the CIA to arm and assist the rebels several weeks ago. So we have gone from the phony pretext of stopping a massacre of civilians to engaging the US military and covert operatives directly to fight on one side of a civil war.Who are the rebels we are fighting for in Libya? We don’t fully know. Press reports suggest that there are some 1,000 jihadists fighting on their behalf. Are we arming al Qaeda in Libya? It certainly appears possible.This is not really a new war. It is in fact a continuation of the neoconservatives’ 22-year war to remake the Middle East. Unfortunately the president has ignored the US constitution and decided instead to continue this misguided policy. This is a deeply flawed foreign policy that will only lead to escalation, blowback, and unintended consequences. Ultimately it is leading us to financial catastrophe. We must abandon the fantasy that we can police the world before it’s too late. Congress must stand up and say “no” to this illegal war.


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Libya: War for World Government

In Activism, Human Rights, Libya, Society, World Government, World News on March 29, 2011 at 7:45 am



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“It is a test that the international community has to pass. Failure would shake further the faith of the people’s region in the emerging international order and the primacy of international law.”–Brookings Institute’s “Libya’s Test of the New International Order,” February 2011.The media expects you to believe placard waving peaceful demonstrators have somehow, in just days, transitioned into tank driving, jet flying rebel forces – just like in Hollywood. Photo: BRQ Network.While a parade of politicians and pundits cite the “international community,” the UN, and the “Arab street” as giving them the justification to not only wage illegal war on Libya, but to threaten illegal war against Syria as well, it should be remembered that it was neither the UN nor the “international community” that laid the ground work for this campaign.What started out, supposedly, as spontaneous, simultaneous uprisings across the Middle East, has transformed clearly into an aggressive Western-backed blitzkrieg of destabilization and regime change. This was a plan that was years in the making, talked about in 2007 by then, presidential hopeful, CFR member, and International Crisis Group trustee Wesley Clark.

As hard as our “leadership” tries to act surprised, the current Middle Eastern conflagration has been years in the making.We now know that the protesters from Tunisia to Egypt had been trained by US created and funded CANVAS of Serbia. We have learned that the US State Department openly admits to providing funding to tech firms to assist protesters across the Middle East and Northern Africa to circumvent cyber-security inside target nations. Perhaps most alarming of all, we now know that the US State Department is also funding corporations like BBC to undermine the governments of China and Iran, revealing the full-scope of their ambitions.The “international community” that feckless stooges like Joe Lieberman talk about, or his French equal in impotency, Nicolas Sarkozy’s “new post-UNSC 1973 model of world governance” are concepts not born of these “elected representatives,” but rather the product of the corporate think-tanks that hand them their talking points. It is the corporate-financier oligarchy that constitutes the “international community” and who aspires to rule through “world governance.” Their goal is to eliminate national sovereignty and assert their agenda and the laws & regulations to achieve it homogeneously across all national borders.To see who Lieberman and Sarkozy are channeling, we look to the Brookings Institute report “Libya’s Test of the New International Order” back in February 2011. In it, it talks about the primacy of international law over national sovereignty and considered it being at stake in Libya. Allowing Libya to defy the “international community,” they worried, could ultimately threaten its “resolve and credibility.”Another telling Brookings Institute report, “Bifurcating the Middle East,” mentions rallying “the Arab street” to confront defiant states like Libya, Syria, and Iran, all of which are mentioned by name. Nowhere was oil mentioned, nor the tremendous profits defense contractors would surely reap, and while these are primary motivators to garner support for the regional campaign within the corporate combine, they are by no means the primary motivators for the campaign itself. The final goal is world government, the elimination of borders, and a monopolistic corporate-financier cartel that can systematically eliminate all challenges to its hegemony – in other words, the dream of all oligarchs since the beginning of time.In Syria, resistance to the Western-backed opposition is a similar direct challenge to the corporate-financier oligarchs. Nations like Syria, Iran, Libya, Burma, Belarus, and many others are demonized and systematically isolated and undermined not because they are a threat to the world, but because their independence and refusal to acquiesce is an obstacle before a corporate-financier ruled world government.We are given childish explanations that prey on the most ignorant and feeble of minds as to why we are fighting in Libya, and why we are threatening war with Syria and Iran. Nowhere in Lieberman or Sarkozy’s ranting statements is talk of who these rebels are; that they’ve been fighting on and off against Qaddafi for nearly three decades with US help, that their opposition is based in London and the United States, and that they have overt ties to Al-Qaeda, with rebel leaders themselves openly admitting their affiliations to the terrorist group. We are now told that recently returning to Libya to lead the rebels is Khalifa Hifter, who has spent the last 20 years in “suburban Virginia,” and has spent his time in America lending support to anti-Qaddafi groups.After fighting a decade in Afghanistan and Iraq at the cost of nearly 6,000 US lives, supposedly to stop the ubiquitous “Al Qaeda,” an organization the US itself created in the mountains of Afghanistan in the 1980′s to fight the Soviets, we have come full circle, with CIA/Al-Qaeda assets fighting side-by-side in Libya, complete with US air support.Do regular folks forget that Syria was mentioned as part of George Bush’s “Axis of Evil” and that Obama is merely carrying on a continuous agenda that has transcended administrations up to this very day? Considering the agenda revealed by Wesley Clark in 2007, we see how seamlessly “Obama’s war” against Libya fits in. If we are to believe Obama and Bush are ideological opposites, what other explanation can be given as to why this agenda, scorned by the political left under Bush, has now found a new home in Obama’s administration?Quite clearly politics in America is but a mere illusion. So to is the “War on Terror,” as the US helps Al-Qaeda sweep westward towards Tripoli. It is all empty rhetoric carrying the agenda of global government forward. Despite losing nearly 6,000 of their brothers in arms, the US military carries on, following orders despite the absolute, overt absurdity of their mission. They are literally providing air support now for the men that helped send their buddies back in pine boxes from Iraq. They do this while the media that lied them into a decade of war now celebrates their enemy, these rebels of Benghazi, as heroes of democracy. Again – we come full circle as the Mujaheddin fighting the Soviets were once “heroes” of the West as well.None of this makes any sense from the political left or right perspective. None of this makes sense from a West verses “Muslim extremist” perspective. The only perspective from which it makes sense, is if a cartel of corporations has been lying to us all along, saying anything and everything to get us to jump through the appropriate hoops. With their plans becoming bolder, perhaps even desperate, they have begun to mix up their narratives to the extent that they are bombing “Al Qaeda” in Pakistan and giving “Al Qeada” air support in Libya. They are admittedly strafing civilians from the air in Pakistan, but imposing no fly zones on Qaddafi over unverified claims of doing the same.


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As the globalists admittedly strafe civilians in Afghanistan and Pakistan, they have lobbied for war with Libya over verified lies of doing the same.Indeed, this is not a war of America, the UN, NATO, or the European Union. The feckless politicians that pose as our leadership are merely taking orders from the powers that be – the corporate-financier oligarchs. If we are to frustrate these oligarchs, we would be wise to waste little time on their front men and instead get straight to the issue. Boycott these corporations and systematically replace them on a local level. While they wage war to eliminate the nation state, from its borders down to our own individual rights and liberties, we must wage a campaign to undermine and eliminate them, from their crass consumerist networks that infest our towns, to the parasitic monstrosity that is the international banking system which infests this planet.While they must wage their battle through murder, lies, and deceit, we must wage our battle through constructive pragmatic solutions, ingenuity, hard work, community, and self-sufficiency. This is not a war for Libya – this is a war for world government, that if won by the globalists, means our defeat as well.


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Bank Economist Warns of ‘Food Price Riots in the UK’

In Activism, Economics, Human Rights, Society, World News on March 10, 2011 at 2:14 am

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A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar. Speaking on Jeff Randall Live, senior global economist Karen Ward cautioned that the UK could experience the kind of food riots seen in other countries.

“Even in the developed world I think we have very, very low wage growth, so people aren’t getting more in their pay packet to compensate them for food and energy, and I think we could see social unrest certainly in parts of the developed world and the UK as well.”

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Why is Hillary Not Defending the Rights of Saudis to Protest?

In Activism, Human Rights, Society, World News on March 9, 2011 at 12:23 am


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Secretary of State Hillary Clinton had been exhaustively in front of cameras promoting the right for people to protest in Egypt, Bahrain, Iran, and Libya.  She’s been touting the freedom to use social networking sites as a way for Arab people to organize against their oppressive regimes.  Now, the Administration is even considering arming the opposition in Libya.

Clinton’s perpetual propaganda efforts exposed her blatant hypocrisy when a silent peaceful protester was violently removed from one of her recent speeches on the very subject. However, the hypocrisy now seems to go much deeper in her deafening silence over the prospect for protests in Saudi Arabia.

After Human Rights Watch revealed that a nationwide “Day of Rage” protest had been planned in Saudi Arabia for this week, March 11th, Bloomberg reported that the Saudi government claims that demonstrations and marches are “strictly” prohibited by law.  A Saudi Interior Ministry official said protests “contradict Islamic values” and “They harm public interest, infringe on the rights of others, spread chaos and lead to bloodshed.”

This prohibition of popular dissent proves beyond a shadow of doubt that Saudi Arabia is indeed the most tyrannical authoritarian regime in the Arab world.  Yet, U.S. Administration officials have been strangely silent about supporting the people’s uprising there.

Perhaps they think the protests won’t be large enough to warrant a response.  Well, that certainly did stop their best propaganda push to stoke the puny protests in Iran, so the size or ferocity of unrest shouldn’t matter to their exploits of supposedly backing human freedom.  And one would think that given what has happened to oil prices due to the unrest in Libya and Egypt, even a minor protest in the largest oil-producing dictatorship in the world would draw more public response from the White House.

Or perhaps the Administration believes that the hastily-crafted $35 billion social aid package ordered by King Abdullah will be enough to tamp down escalating tensions in Saudi Arabia.  So far, there have only been reports of small Shiite protests in Saudi Arabia, mostly demanding the release of political prisoners held by the Sunni monarchy.

These protests would seem to be very minor in comparison to the sea of people revolting in Cairo. However, the revolutionary whispers must clearly be getting louder as the Saudi stock market plummeted 11% in just two days of wild trading to its 7-year low on fears of civil unrest.  It’s noteworthy that the plunge was reportedly led by large banks and insurers.

If Clinton is to stand by her new-found rhetoric, certainly she’ll call for restraint on the part of the Saudi government should a protest erupt, right?  And surely she’ll demand that the kings of Internet censorship in the Arab world, Saudi Arabia, will open communication channels so the people can freely unite, right?  And if push comes to shove in Saudi Arabia, she’ll definitely support arming the people’s opposition to the royal family, right?  Eh hum . . . don’t count on it.

Regardless, many analysts believe the Saudi regime is the next to fall with or without the prodding of the U.S.

 


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Oil wealth ‘must be shared’ with citizens says Soros

In Activism, Economics, Human Rights, Libya, Society, World News on March 7, 2011 at 10:38 pm

Oil wealth ‘must be shared’ with citizens says Soros

Citizens of oil producing nations must see more benefit from their country’s national resources, billionaire investor George Soros has told the BBC.

Revolts in Libya were partly the result of “revulsion against a corruption” fed by the misuse of oil money, he added.

More “transparency and accountability” was needed from other producers such as Russia and Saudi Arabia he said.

Mr Soros also predicted the Iranian regime would be overthrown in the “bloodiest of the revolutions”.

‘Rebelled’Libya produces 1.6 million barrels of oil per day and is the 17th largest producer in the world.

And Colonel Gaddafi‘s hold on power has been dependent on the billions of dollars in oil revenue that pour into the country.

Talking of the wave of governments being challenged in North Africa and the Middle East, Mr Soros said: “What has caused the revolutions is a revulsion against a corruption that is fed by the misuse of natural resources like for instance in Libya.

“Transparency and even more importantly accountability in the use of natural resources is what you need for people living in those countries to get the benefit of those national resources.

“Libya produced enormous wealth which Gaddafi took as his own and now the people rebelled against it.”

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‘Tremendous improvement’Asked whether there should be more transparency with what happened to oil incomes, Mr Soros said: “Very much so.”

And he said the US and Europe needed to more actively support the revolutions in Libya and elsewhere so that the new regimes will co-operate with the West.

“What is happening today in the Middle East is very similar to what happened in the former Soviet Union in 1989-91. But then it was a regime hostile to the West that was destroyed by the revolution,” he said.

“Now it is regimes supported by the West, so the West has to regain the allegiance of the people in those countries by actually supporting the transition to democracy.

“It’s very important that Europe and the US should be in front of the revolution rather than behind it because if they are behind it, they are going to lose the allegiance of the new regimes that are emerging and if they are properly supported they will be democratic regimes and it will be a tremendous improvement.”

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People Of Earth: Prepare For Economic Disaster

In Economics, Society, World News on March 6, 2011 at 4:10 am


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It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe. The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst. In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly. Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food. But now the price of oil and the price of food are both increasing dramatically. So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents? How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent? For decades, most of the major economies around the globe have been able to take for granted that massive amounts of cheap oil and massive amounts of cheap food will always be there. So what happens when that paradigm changes?
At last check, the price of U.S. crude was over 104 dollars a barrel and the price of Brent crude was over 115 dollars a barrel. Many analysts fear that if the crisis in Libya escalates or if the chaos in the Middle East spreads that we could see the all-time record of 147 dollars a barrel broken by the end of the year. That would be absolutely disastrous for the global economy.
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But it isn’t just the chaos in the Middle East that is driving oil prices. The truth is that oil prices have been moving upwards for months. The recent revolutions in the Middle East have only accelerated the trend.
Let’s just hope that the “day of rage” being called for in Saudi Arabia later this month does not turn into a full-blown revolution like we have seen in other Middle Eastern countries. The Saudis keep a pretty tight grip on their people, but at this point anything is possible. A true revolution in Saudi Arabia would send oil prices into unprecedented territory very quickly.
But even without all of the trouble in the Middle East the world was already heading for an oil crunch. The global demand for oil is rising at a very vigorous pace. For example, last year Chinese demand for oil increased by almost 1 million barrels per day. That is absolutely staggering. The Chinese are now buying more new cars every year than Americans are, and so Chinese demand for oil is only going to continue to increase.Much could be done to increase the global supply of oil, but so far our politicians and the major oil company executives are sitting on their hands. They seem to like the increasing oil prices.
So for now it looks like oil prices will continue to rise and this is going to result in much higher prices at the gas pump.
Already, ABC News is reporting that regular unleaded gasoline is going for $5.29 a gallon at one gas station in Orlando, Florida.
The U.S. economy in particular is vulnerable to rising oil prices because our entire economic system is designed around cheap gasoline. If the price of gas goes up to 5 or 6 dollars a gallon and it stays there it is going to have a catastrophic effect on the U.S. economy.
Just remember what happened back in 2008. The price of oil hit an all-time high of $147 a barrel and then a few months later the entire financial system had a major meltdown.
Well, as the price of oil rises it is going to create a whole lot of imbalances in the global financial system once again.
This is definitely a situation that we should all be watching.
But it is not just the price of oil that could cause a global economic disaster.
The global price of food could potentially be even more concerning. As you read this, there are about 3 billion people around the globe that live on the equivalent of 2 dollars a day or less. Those people cannot afford for food prices to go up much. Read the rest of this entry »

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