It all seems a little fishy…

Some predictions for 2011 gleaned from that most fascinating of places – the internet.

1. The U.S. will implement QE3/4 when the $600 billion of QE2 is not enough (already it is not enough as admitted by the Fed’s chairman Benjamin Shalom Bernanke recently on CBS’ 60 Minutes).  Except it won’t be called as such in the lamestream media.  QE3/4 will be in the trillions of U.S. dollars (USD) of quantitative easing, i.e., fake digital money printing from the Fed to sop up unwanted U.S. Treasuries.  The unstated and ONLY purpose of QE2 and QE3/4 is to buy up all of the U.S. Treasury debts that the foreign nations are beginning to refuse to buy while they are quietly dumping what they possess on the U.S. and world markets in exchange for real and tangible assets and resources.

2. The major export nations like China, Russia, Brazil, India, Argentina, and others will engage in and increase their non USD-denominated trading among themselves, as exemplified by the recent China-Russia trade agreements whereby they would start trading in Rubles and Yuans, and not use USD as is typically transacted in international trades for commodities and oil.  This will put increasing devaluation pressures on the USD.  So, look forward to the US Dollar Index to drop further from the low 80s now to the low 70s or even lower in 2011.

3. Retail food prices in the U.S. will increase in the low to medium DOUBLE digit ranges (10% to 40%) for everything from the junk/GMO “foods” served by corporations like McDonald’s to healthy/organic foods supplied by companies like Whole Foods Market.  This will take place noticeably in the first half of 2011.

4. The real estate market in Canada will finally begin its collapse suddenly after the new year celebrations are over, mimicking the real estate crash of the U.S. that began in late 2008.  Over heated markets like Vancouver will suffer the most as the average house price there is around $1 million Canadian (the Canadian dollar is almost on par with the USD).  The average homeowner in Vancouver is spending about 70% of its BEFORE-tax income on paying mortgages.  This financial situation is totally unsustainable.  To illustrate a parallel, past example why it is going to be the case:  In 2005, the “median” California family spent almost 73% of their AFTER-tax income on their “median” California house ($477,700), and look what happened to the real estate market in California.  A 50+% devaluation of the Vancouver real estate market is very likely over the next 1-3 years.  But the crash will begin in early half of 2011.

5. The Chinese real estate market, the last investment vehicle in China for those Chinese with money, will also begin its collapse suddenly, hitting hard cities like Shanghai, Beijing, Fuzhou, etc.  According to a very recent article by UK’s Daily Mail Online, there are as many as 64 MILLION empty homes in China with no one occupying these brand new homes!  This China real estate crash will have serious implications for the real estate market in Vancouver.  There won’t be m/any Chinese millionaires plunking down $1+ million CASH for buying real estate in Vancouver, as has been the case over the recent years.

6. Inflation will run rampant in China as it is already doing so with retail food prices.  See my recent article (www.rense.com/Currency%20Wars%20For%20Dummies.pdf) as to the real causes of huge inflation in China.  Unless China allows its Yuan to appreciate (increase in value) against the ever falling USD, rampant inflation in China will continue its course unabated.  If China allows its Yuan to appreciate by any significant amount (7% or more), such an action will DECIMATE its export industries and manufacturers, because of the extremely thin profit margins that their exporters have to work with.  China will raise its interest rates to try to stop inflation but that will not do the job.  In fact, raising interest rates will only cause more foreign currencies to go into China in search of higher yields, unless China imposes strict restrictions on the importation of foreign currencies and investments.

7. The EU will continue its financial collapse, as nations like Spain, Portugal, and Italy will join Greece and Ireland in facing the stark choice between (Option 1) bailing out THEIR banksters or (Option 2) having THEIR nation go bankrupt.  The IMF/World Bank model of “rescuing” these EU nations were perfected on the so-called Third World nations such as Argentina (viz., John Perkins’ book, “Confessions of an Economic Hitman”).  In 2001, Argentina defaulted on its IMF loans, i.e., it was forced to take Option 2, and its people suffered tremendously as the majority of its middle class was literally wiped out overnight.  The Banksters in Argentina (with such strange and exotic names like JPMorgan Chase, Citibank, etc.) were able to fly out their billions of USD on private jets before the forced conversion and devaluation of the Argentina pesos/savings were implemented on the masses.  Millions of Argentineans keep their savings as USD in their banks before the collapse.  When the forced conversion and devaluation of those USD savings were imposed on its citizens, the banks were closed and ATMs withdrawals were limited to a few hundred pesos (less than $50 USD) per person per day.  Overnight, Argentineans saw their savings lose over 75% in value (the peso went from 1:1 to 4:1, requiring 4 pesos to buy 1 USD overnight).  And then the multi-national corporations came in like financial vultures and bought up the natural resources and public utilities for pennies on the USD.  THAT is IMF’s Option 2 for Spain, Portugal, and Italy.  Option 1 is long term financial servitude and slavery for the citizens of the bankrupt country as is happening to Ireland.

8. Silver and gold will continue to climb in 2011.  Silver will increase much more than gold in 2011, as the “Crash JP Morgan, Buy Silver” viral campaign started by Max Kaiser in early November will take off exponentially in 2011.  Silver will breach $50 per ounce in 2011.

9. A major war will break out somewhere in the world in 2011 (if not in 2011 then definitely in 2012) involving the U.S. and/or one of its proxy allies, i.e., Israel, South Korea, etc.  The very recent massive war exercises conducted by South Korea and the U.S. were meant to provoke a military response from North Korea.  Fortunately, the North Koreans didn’t take the bait.  This will be the final American Bubble to inflate as the U.S. will try to use “shock and awe” on either North Korea or Iran or even maybe a country in Africa in a futile attempt to bypass and cover up the greatest economic and financial collapse in world’s history.

CREDIT: DAVID CHU

Props to Kas for pointing me to this…

Oil in Eden: The Battle to Protect Canada’s Pacific Coast from Pacific Wild on Vimeo.

It’s one of the last bastions of Canadian wilderness: the Great Bear Rainforest, on BC’s north and central Pacific coast. Home to bountiful marine mammals, fish, and wildlife – from orca and humpback whales to wild salmon, wolves, grizzlies, and the legendary spirit bear – this spectacular place is now threatened by a proposal from Enbridge to bring an oil pipeline and supertankers to this fragile and rugged coast.

The plan is to pump over half a million barrels a day of unrefined bitumen from the Alberta Tar Sands over the Rockies, through the heartland of BC – crossing a thousand rivers and streams in the process – to the Port of Kitimat, in the heart of the Great Bear Rainforest. From there, supertankers would ply the rough and dangerous waters of the BC coast en route to Asia and the United States. Dubbed the Northern Gateway Pipeline, the project is of concern for three main reasons: 1. It would facilitate the expansion of the Tar Sands, hooking emerging Asian economies on the world’s dirtiest oil; 2. the risks from the pipeline itself; 3. the danger of introducing oil supertankers for the first time to this part of the BC coast.

Now a growing coalition of First Nations, conservation groups, and concerned citizens from Canada and around the world is banding together to say no the Enbridge project, in what is shaping up to be the defining Canadian environmental battle of our time. Produced by Canadian filmmaker Damien Gillis for Pacific Wild, This 16 min short documentary – featuring stunning images from the Great Bear Rainforest – provides a summary of the key issues involved in this battle over the pipeline, tankers, and Canada’s Pacific coast.

#1: The US Fed is now the second largest owner of US Treasuries.

#2:  “There are only about $550 billion of Treasuries outstanding with a remaining maturity of greater than 10 years.”

#3: The US will Default on its Debt

Full article on Zero Hedge here.

Default, hyperinflation, or war?

Jumping on the Gold bandwagon…

Details here…

Who can really predict the future? I dont know but these are all renown individuals and organisations making predictions about the USEconomy and the fall out for the rest of the world.

Their verdict in a word? Bleak.

Bob Chapman

First 6 months of 2010, Americans will continue to live in the ‘unreality’the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications (source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Streetbelieves there is a 100% chance of crash in bond market, especially municipals sometime during 2010. The dollar will be devalued by the end of 2010.

Gerald Celente

Terrorist attacks and the “Crash of 2010″. 40% devaluation at first = the greatest depression, worse than the Great Depression.

George Ure

Markets up until mid-to-late-summer. Then “all hell breaks lose” from then on through the rest of the year.

Igor Panarin

In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June ­ start of July 2010, as he specified on 10 December 2000

Neithercorps

Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

(continue reading…)

I’m a little late on this as it was released in 2008 but just watched this profoundly important movie.
I imagine one of the reasons I had never heard of it is that it was probably denied publicity by pressure from the likes of Monsanto and other vested interests…

It is quite graphic at times, but it is hugely important to gain awareness of where our food comes from…

One of the biggest impressions I was left with was the massive centralisation of power and control in the food industry and the ineffectiveness of the bodies charged with regulating it. It seems that this process is systematic in many of the industries (banking comes to mind!) in the US in particular but also elsewhere in the world.

Wake up people! This is just the start…

The end result? A new world currency? How convenient…

Speculators could make a quick killing on the outcome of Thursday’s General Election and undermine the borrowing plans of a new Government, after the futures market in bonds agreed to open for the first time in its history from 1am on Friday.

Rest of the article here.

Cuts to public services after the election will cause such anger that the ruling party will be kept out of office for a generation, the Bank of England Governor has said.

Italy owes France $511 Billion dollars!

Greece’s sovereign debt crisis is clearly just the start…

(Figures above converted in to USDollars as the graffic came from the NY TImes – funnily enough its obviously in the US interest that the Euro gets nailed as it makes the USDollar look far more attractive than it really is)