Rising global demand for food and fuel pushed up the U.S. cost of living more than forecast in January, a sign the risk of a damaging drop in prices is ebbing.
ST. LOUIS – Global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank.
World food prices reached their highest level ever recorded in January and are set to keep rising for months, the UN food agency said on Thursday, warning that the hardest-hit countries could face turmoil.
Isaac Newton gave us a fundamental law of physics. Every action has an equal and opposite reaction. In the investment world, currency is the action. Since the US is still the biggest economic player, the US dollar moves everything. Some things have the same action as the dollar. Others are the opposite reaction of the change in the value of the dollar.
Like it or not, commodities like oil and sugar rise in price when the dollar drops in value versus other currencies. More precisely, commodities rise in price when the dollar drops in value versus gold. Commodities are the equal and opposite reaction of the currency trend action. We can make the same analogy with gold and silver. As the dollar falls, gold and silver rise. The chart this week (see below) shows the relationship of the intraday trading for this past week with the US dollar represented by the green line (the ETF UUP) and the gold ETF, GLD, represented with the candlestick line. They are opposite action and reaction. The only question of the day is whether or not gold is in a bubble.
John Paulson scared the pants off of a packed audience at New York’s University Club recently as he warned them of huge changes in the economic environment in the years to come.
Forbes’ Bob Lenzer reports Paulson’s saying:
“If you don’t own a home buy one.”
”If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
Federal government admits not testing for arsenic, mercury or other toxic heavy metals in seafood
The US government, and even President Obama himself, have said that Gulf seafood is safe to eat in the wake of the massive BP oil spill.
But an admission from the federal government that it hasn’t been testing Gulf seafood for toxic heavy metals, and news that fishermen are being forced to sign waivers making them liable for toxins in their catch, suggest not everyone is convinced of the safety of Gulf seafood.
Louisiana fishermen’s activist Kindra Arnesen says dock owners are asking fishermen to sign waivers that put the full responsibility for toxins found in the catch on the fishermen themselves.
As the final convoy of the Army’s 4th Stryker Brigade Combat Team, based at Fort Lewis, Wash., entered Kuwait early Thursday, a different Stryker brigade remained in Iraq.
Soldiers from the 2nd Stryker Brigade Combat Team of the 25th Infantry Division are deployed in Iraq as members of an Advise and Assist Brigade, the Army’s designation for brigades selected to conduct security force assistance.
So while the “last full U.S. combat brigade” have left Iraq, just under 50,000 soldiers from specially trained heavy, infantry and Stryker brigades will stay, as well as two combat aviation brigades.
The second largest shareholder in News Corp. — the parent company of Fox News — has donated hundreds of thousands of dollars to causes linked to the imam planning to build a Muslim community center and mosque near Ground Zero in Manhattan, says a report from Yahoo!News.
According to the report from Yahoo!’s John Cook, Saudi Prince Al-Waleed bin Talal, who owns seven percent of News Corp., “has directly funded [Imam Feisal Abdul] Rauf’s projects to the tune of more than $300,000.”
Cook reports that Prince Al-Waleed’s personal charity, the Kingdom Foundation, donated $305,000 to Muslim Leaders of Tomorrow, a project sponsored by two of Rauf’s initiatives, the American Society for Muslim Advancement and the Cordoba Initiative, which is building the Manhattan mosque.
This is going to be a rarity, a different kind of post for me. I am just a person asked to help maintain this website since I happen to read a lot of news from around the globe and care about human freedom, the U.S. Constitution and equal justice. Occasionally I write some original blogs but mainly I just repost stories I find interesting that I feel help demonstrate the overall tapestry of collectivism descending upon this once free country. I try not to get into subject matter that is too “conspiratorial” in that there is a natural aversion to explanations that fall outside of the mainstream, and by that I really mean tightly controlled establishment media. Today, I may slightly cross that path and speak honestly after reading the White House National Security Strategy released in May of this year.