Thursday, December 29, 2011

THE ECONOMY IN 2012

Sao Paulo in Brazil (http://www.fotosedm.hpg.ig.com.br/)

The quotes below are from the January 2012 edition of the UK's Money Observer.

1. The world economy has been growing very fast.

"The world economy... is set to reach $70 trillion by the end of 2011."

"Only a decade ago, the world economy was only $32 trillion."


- Iain Murray

Indonesians

"The people of Asia are motivated and driven."

- Jim Rogers.

BBC News - the Brazilian economy has overtaken the UK's

By 2020, Britain's economy is likely also to have been overtaken by Russia and India.

By 2028, Brazilians will enjoy a per capita income equivalent to Britain's.

John Kampfner: Brazil's success heralds the new world order

A favela in Niterói city, Brazil by Zimbres

2. Countries such as China, India, Indonesia and Brazil may see pressure for big wages rise.

"China has been growing at 9 - 10% a year...

"I suspect the sustainable growth rate will be 4 - 5%."

- Bruce Stout.

China - Website for this image

3. The US economy is in trouble

"The Chinese have plied the greedy and gullible American public with temptingly low-cost goods and supplied the cheap finance which has lured the US government close to fiscal ruin."

- Barry Riley

"The US is the largest debtor in the history of the world."

"The US will default one way or another."

- Jim rogers
Website for this image

4. The problems of Europe may not have too big an effect on the USA.

"US companies only have 15% exposure to Europe (revenues coming from Europe)."

- Ruth Emery

"The US is a fairly closed economy - exports account for just 10% of its output."

- Heather Connon

Website for this image

5. In the long run, commodities such as timber, silver, and wheat may be a good investment.

"Reserves of all commodities are falling by 6% a year."

- Jim Rogers.

Goldman Sachs sold $250 million of BP stock before spill.

The Pentagon takes an interest in economic warfare.

And BP may have been a US target.

In March 2009, the Pentagon sponsored a war game focused on economic warfare. (Pentagon preps for economic warfare - Eamon Javers - POLITICO.com)

"This was an example of the changing nature of conflict," said Paul Bracken, a professor and expert in private equity at the Yale School of Management.

One might ask: DID AMERICANS SABOTAGE AIR FRANCE 447?

In February 2010, Wayne Madsen reported that "the Obama administration authorized the anti-Toyota campaign as a warning shot to Japan over its reformist government’s insistence that the U.S. pull its military troops out of Okinawa." (Obama waging economic warfare on several fronts, including Japan)

therearenosunglasses/ asked Is the US Waging Economic Warfare Against Corporate Foreign Competitors.:

"It would seem only logical... for a puppet president to order covert attacks upon foreign competitors. GM (government motors) has now pulled ahead of Toyota...

"BP has fallen from its formerly unassailable status as world's top oil company and may be subject to "hostile takeover."

"The fact that the Deepwater Horizon explosion has been blamed on faulty sealing work on the seabed drill hole done by Halliburton (Cheney's company) should set-off alarm bells.

"It is worth recalling here that Halliburton was at the center of another international/environmental catastrophe, the Kuwaiti "cross-drilling" operation that ignited the 'Gulf War' and the resultant hundreds of oil well firings."

Was BP sabotaged?

We will see more economic warfare.

We have just seen the fast growing economies of Tunisia, Egypt and Libya wrecked by the CIA's Arab Spring.

6 comments:

Anonymous said...

What would CIA asset Aung San Su Kyi would say?

http://news.yahoo.com/yangon-blast-kills-17-injures-80-myanmar-police-003001206.html

Anonymous said...

http://poorrichards-blog.blogspot.com/2011/12/israeli-defense-firm-that-tallies-iowa.html

Anonymous said...

Good to see the cover for Confessions of an Economic Hit Man, by John Perkins.

Perkins points out:

Credit (debt) is extended to countries that can never repay the debt (it is intended that these countries can never repay the debt) and in turn sign over natural resources and/or physical assets, or provide military bases, or set up laws favorable for foreign investors, which allow them to gain control of the most profitable parts of the economy.

This strategy benefits the corporations that end up getting the natural resources and/or physical assets, et al., but it doesn't benefit the American People as a whole, and over the long run diminishes opportunities for balanced trade with mature healthy economies of sovereign nations.

Peaceful nationalism (yes, that can happen) with balanced trade can be an effective basis for long-term peaceful stability among nation-states.

As opposed to a head-long rush into world governance (nation-states lose sovereignty and their people lose the ability to run their communities and nations via the rule of law) by a corrupt, fascist global elite.

CanSpeccy said...

With reference to your item on BP Under US attack, it seems of interest to note that in each of his first three conversations with Barak Obama after his appointment as Prime Minister, David Cameron is reported to have raised the issue of BP and its relations with the US Government.

In his first conversation as Prime Minister with Barak Obama, which took place by telephone on July 14, 2010, David Cameron:

expressed his sadness at the ongoing human and environmental catastrophe in Louisiana... [and] stressed the economic importance of BP to the UK, US and other countries...

In his first face to face meeting with Obama, which took place in Washington DC on July 20, 2010, David Cameron assured Obama that:

the release of Abdel Baset al-Megrahi (convicted for his supposed role in the bombing of a Pan Am airliner over Lockerbie Scotland) from a Scottish prison was not the doing of the British government nor, apparently, the result of any lobbying by BP to win oil concessions from Libya.

In his third conversation with Obama, which took place on July 29 during the G20 summit in Canada David Cameron elicited Obama's agreement to the proposition that:

that it was to both countries’ advantage for BP to remain a strong and stable company.

A remarkable effort by a newly appointed PM on behalf of a single corporation. But if that corporation was understood to be under threat of destruction by a foreign power, the expenditure of so much energy would make sense.

Anonymous said...

ref did Americans sabotage Air France 447??
there is this "documentary" made by BBC, featuring predominatly Tony Cable, a "chief investigator" also involved in the Lockerbie "investigation"..
The entire report gives all kinds of explanations, why sabotage could not have been involved..
see
http://www.youtube.com/watch?v=ecX1wxWjpgs&feature=related

it would be interesting to have this video assessed by a commercial IFR pilot. From my own limited knowlege of the subject, I consider the "documentary" deliberately misleading..
Caveman

Levantine said...

No matter how good is a nation's monetary policy, if it's sovereign it is a threat to world order, says chief of the world’s organisation of central banks, BIS (Bank of International Settlements).

http://www.bis.org/speeches/sp111223.htm

"I agree with Tommaso's rejection of the "house in order" doctrine, which claims that if each national policy player keeps its house in order, then the world itself would be in order."

"[W]e are progressively recognising the need for competence and action that go beyond the self-sufficient Westphalian state, which exercises unchallenged sovereignty within its own territory."

On EU: "[F]urther progress toward the construction of a political union would, over time, be critical for the potential and ultimate success of the single currency".

About the current financial crisis: "[S]upervision, not regulation, was the main problem. Stronger enforcement of the existing rules [supervision] would have sufficed to avoid the disaster."

 
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