Posts tagged prices
Gary Franchi and Next News Network interview Trends forecaster Gerald Celente covering our current condition and future paths. Topics discussed cover the economy, the power play behind ever expanding wars and the natural resources involved, Wall Street and the government blessing to the “too big to fail” organizations plus the recent gun control moves by the administration and the history behind it all.
America Sets Its Sights On Controlling African Resources … And Reducing Chinese Influence
The U.S. is sending troops to 35 African nations under the guise of fighting Al Qaeda and related terrorists.
Democracy Now notes:
U.S. Army teams will be deploying to as many as 35 African countries early next year for training programs and other operations as part of an increased Pentagon role in Africa. The move would see small teams of U.S. troops dispatched to countries with groups allegedly linked to al-Qaeda, such as Libya, Sudan, Algeria and Niger. The teams are from a U.S. brigade that has the capability to use drones for military operations in Africa if granted permission. The deployment could also potentially lay the groundwork for future U.S. military intervention in Africa.
[A special American brigade] will be able to take part in nearly 100 separate training and military exercises next year, in nearly three dozen African countries
Glenn Ford writes:
The 2nd Brigade is scheduled to hold more than 100 military exercises in 35 countries, most of which have no al-Qaida presence. So, although there is no doubt that the U.S. will be deeply involved in the impending military operation in Mali, the 2nd Brigade’s deployment is a much larger assignment, aimed at making all of Africa a theater of U.S. military operations. The situation in Mali is simply a convenient, after-the-fact rationale for a long-planned expansion of the U.S. military footprint in Africa.
Timothy Alexander Guzman argues:
AFRICOM’s [the U.S. military's Africa command] goal is to eliminate China and other countries influence in the region. Africa’s natural resources is another important element to consider because it includes oil, diamonds, copper, gold, iron, cobalt, uranium, bauxite, silver, petroleum, certain woods and tropical fruits.
In a must-watch interview, Dan Collins of the China Money Report agrees that the purpose of the deployment is to challenge China’s rising prominence in Africa:
And the U.S. is not shy about backing our “mortal enemies” to topple those standing between us and resources we pine for.
Bid Farewell to Pennies and Nickels!
The penny has run out of luck, both in Canada and in the United States. Back in March, the Royal Canadian Mint announced that they were phasing out the penny due to “low purchasing power and rising production costs”, according to CBC News.
Canada was pigeon-holed into this decision after the penny decreased to 1/20th of its original purchasing power, becoming an unnecessary “burden on the economy.”
The U.S. is following Canada’s footsteps regarding the production of pennies and nickels. According to U.S. Treasury Secretary Tim Giethner, our U.S. Mint intends to remove the penny and nickel coins from circulation beginning early in January 2013.
The Mint currently spends about 4.8 cents per penny due to the rising costs of zinc and copper. A nickel valued at five cents now costs approximately 16.2 cents to make due to inflated nickel prices.
Image credit: http://goldsilver.com
My favourite scene from Good Will Hunting and pertinent to the principles of liberty in its condemnation of killing people abroad who have done no harm to you personally. Taken to it’s logical conclusion this belief should lead anybody who holds it to a pure libertarian position; though most won’t, of course.
http://NextNewsNetwork.com | Next News Network’s WHDT World News Program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://usmediavault.com/WHDT.html
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“Legalized Plunder of the American People” – G. Edward Griffin
Published on Oct 2, 2012 by CaseyResearchFAN
To order the complete audio set from the Navigating the Politicized Economy Summit, available in CD and MP3 format, http://bit.ly/2012FallSummit
G. Edward Griffin discusses the Federal Reserve and it’s role in the declining economy at the recently concluded conference, Navigating the Politicized Economy.
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By Kimberly Paxton
Gas stations in California are locking their doors as they run out of fuel. Today prices have reached a record-setting high of an average of $4.61 per gallon, with many stations charging premium prices for the limited amount of fuel on hand. The current shortages and price increases are a harbinger of the rapidly changing situation across the country.
The current price spike comes after an Exxon refinery in Torrance suffered a power outage earlier in the week. Many stations are charging more than $5 per gallon for regular,some stations ran out of gas because of fuel rationing by their suppliers, while still other stations are running out of gas because they refused to pay the high wholesale prices. Fifteen Costco stations were among those who refused to pay the exorbitant prices.
California already has the highest fuel prices in the country. A special blend designed to meet strict environmental guidelines costs more and is highly taxed by the state government. This blend is made only at a few specific West Coast refineries, which is why the state was particularly hard-hit by the Torrance power outage issue.
According to the New York Times, the prices should soon level off.
Refining experts said the rationing and exceedingly high prices would probably last a couple of weeks at the most. Tom Kloza, chief oil analyst at the Oil Price Information Service, said California customers might get some relief in the next few days because traders were suddenly lowering the prices of their bulk sales almost as fast as they were raising them over the last few days. He said the wholesale price for gasoline on the West Coast dropped 50 cents on Friday from a high of $4.25 a gallon.
“The prices are incredibly erratic,” Mr. Kloza said. “It’s gone from incredibly excessive pricing to just plain excessive.”
However, the relief may be short-lived as tensions in the Middle East continue to rise. Oil prices in general rose after the Turkish military fired on Syria. The Middle East and North Africa are responsible for about a third of the world’s oil supply. As well, American attempts to enforce economic sanctions on Iran may backfire by affecting the prices Americans pay at the pumps.
Show this post to anyone who thinks Ron Paul has crazy economic ideas
Ron Paul’s understanding of the economy is a matter of public record.
In 1983 he predicted the 1987 recession.
In 1998 he predicted the 2000 dot com crash.
In 2001 he predicted the housing bubble crash and what the Fed would do in response.
And of course he has told us this year Mar. 2012 about the Bond Bubble currently forming.
In fact he has accurately predicted very single economic down turn in the last 3 decades, with an explanation of why he believes they will happen.
No other politician that I know of has this track record. In fact no member of the Federal Reserve has this track record. And most noteworthy there are very few people in the financial sector with this impressive record of accuracy.
To put our trust in the people that never saw these coming to fix the problems makes no sense, especially since their fix is doing more of what Dr. Paul has identified as the cause.
The time is NOW to take back our personal liberties and freedoms!
Ron Paul 2012: Restore America Now
Please visit Ron Paul’s official campaign site by following the link below and donate today!
Iran has cut oil exports to Germany one day after halting crude sales to Spain as part of its counter sanctions against the European Union (EU).
Tehran has already stopped oil exports to France, Britain, and Greece and is now considering halting crude sales to Italy.
Iran’s decision to cut crude exports to six European countries — including the Netherlands, Spain, Italy, France, Greece and Portugal — was made after the EU foreign ministers agreed on January 23 to ban oil imports from Iran and freeze the assets of the country’s Central Bank across the EU.
On February 19, Iran’s Oil Ministry cut oil exports to British and French firms.
Tehran’s decision to impose counter sanctions on European countries has led to a hike in global oil prices, pushing gasoline prices in the US and the UK to record highs. The rising gasoline prices have also become a major issue in the US presidential election campaign.
The US and EU accuse Iran of pursuing a military program under the cover of its nuclear energy work despite the fact that the International Atomic Energy Agency (IAEA) has found no evidence to this end.
Tehran refutes their claims arguing that as a committed member of the IAEA and a signatory to the Non-Proliferation Treaty it is entitled to peaceful uses of the nuclear energy.
By Bill Robinson
The gasoline prices are nearly double what they were a year ago because the value of the U.S. dollar is shrinking, U.S. Sen. Rand Paul, R-Ky., told a join meeting of the Richmond and Berea chambers of commerce Friday.
“Gasoline is not more scarce than it was a year ago,” he said. “The value of your dollar is shrinking because your government runs up a massive debt and then prints money to pay it.”
Working-class people, the elderly on fixed incomes and new graduates entering the work force need to realize, “Big government is not your friend,” the senator said.
“When they say, ‘We’re going to give you this. It’s free.’ It’s not free. They’re destroying the dollar,” he said. “This year you’ll pay four bucks for a gallon of gas. Next year you’ll pay five.”
About 40 percent of every dollar the federal government spends is borrowed, Paul continued. That is about $4 billion a day and adds up to more than $1 trillion a year.
“This is unsustainable,” Paul said.
America is close to having half of its people receiving a government check, he said, and that promises to induce an economic crisis such as Europe is experiencing.