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2010 Food Crisis for Dummies

If you read any economic, financial, or political analysis for 2010 that doesn't mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The U.S. will experience economic disintegration.

The 2010 Food Crisis Means Financial Armageddon

Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Iceland's economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler), etc... In the face of all these challenges, the demise of the dollar, derivative markets, and the modern international system of credit has been repeatedly forecasted and feared. However, all these doomsday scenarios have so far been proved false, and, despite tremendous chaos and losses, the global financial system has held together.

The 2010 Food Crisis is different. It is THE CRISIS. The one that makes all doomsday scenarios come true. The government bailouts and central bank interventions, which have held the financial world together during the last two years, will be powerless to prevent the 2010 Food Crisis from bringing the global financial system to its knees.


U.S. Plane Attacker "Sneaked" into Nigeria, Nigerian Government Says

© Akintunde Akinleye/Reuters
Exterior view of the Murtala Mohammed International Airport in Nigeria's commercial capital Lagos.
A Nigerian man who tried to blow up a U.S. passenger jet had lived outside the West African nation for some time and only returned on the eve of the foiled attack, the Nigerian government said on Sunday.

Umar Farouk Abdulmutallab, 23, was charged on Saturday in the United States with trying to blow up Northwest Airlines flight 253 as it approached Detroit from Amsterdam on Christmas Day with almost 300 people on board.

The London-educated Nigerian, son of a respected former banker, started his journey to Detroit in Nigeria's commercial hub of Lagos, where he boarded a KLM flight to Amsterdam before going through transit at Schiphol airport.

"The man in question has been living outside the country for a while. He sneaked into Nigeria on the 24th of December and left the same day," Nigerian Information Minister Dora Akunyili told reporters in the commercial capital Lagos.


Is Robert Fisk suffering from the Bernard Lewis syndrome?

Twice I met him, and as many times he delighted me. I can credit Robert Fisk with getting me interested in Lebanon. I have always read his books and articles passionately, and those who know me grew weary of my continuous references to him. But no more. The Fisk I admired is no longer the Fisk that the world knows today. His last article in which he equates Hezbollah, the Lebanese Resistance, with a bunch of anti-Semites is the figurative drop. The reason for this outrageous accusation? Hezbollah's opposition to the teaching of the Anne Frank diary in the schools in the south of Lebanon. Robert Fisk has lived in Lebanon for more than 30 years, and most importantly throughout the savage period of the civil war. It is, nor should it be a secret that Robert Fisk is one of the best western journalists dealing with the Middle East, but that should not impede us from criticizing him on certain critical issues.


Two Mossad operatives institutionalized

Two young Mossad operatives recently hospitalized in psychiatric hospital in center of country. Mossad official assigned to them 24-hours a day to ensure that state secrets not revealed because of their unstable mental state

One of the large mental health hospitals in Israel was recently surprised to receive a young, good-looking patient in a psychotic state who was accompanied by a personal security guard, Yedioth Ahronoth reported on Sunday.

The doctors, who asked why the woman was accompanied by a guard, were shocked to learn that she was a Mossad agent and that the security guard was not assigned to her in order assure her safety or protect her life, but to ensure that she not reveal any state secrets in her shaky mental state.

Bizarro Earth

India: Was Mumbai suspect a double agent for US?

© Verna Sadock/AP
The Indian press is abuzz with news that Indian Home Ministry officials have said they are investigating whether Pakistani-American terror suspect David Coleman Headley was working as a "double agent."

Indian officials reportedly raised questions about Mr. Headley's links with US intelligence agencies - even as another terror suspect accused of involvement in the 2008 Mumbai attacks was denied bail by a US federal court. These latest and widely-publicized accusations against Headley are expected to put pressure on India's ruling Congress Party, which has emphasized closer ties with the US as part of its foreign policy.

The US has not allowed Indian authorities to interrogate Headley over the Mumbai attacks, much to India's consternation.


Irish bishop resigns over Dublin sex-abuse scandal

© AP Photo / PA
A Roman Catholic bishop in Ireland has resigned after an investigation into child sex abuse by clergymen accused him of ignoring reports of crimes by priests in his diocese, the Vatican said Thursday.

The one-line announcement that Bishop Donal Murray had resigned did not mention the scandal.

But a statement that Murray read to colleagues and curates in the western Irish city of Limerick left no doubt that he was going because of an Irish government investigation's damning findings about his time as an auxiliary bishop in Dublin from 1982 to 1996.


U.S. land mine policy is shameful

Just before the Thanksgiving holiday, State Department spokesman Ian Kelly revealed that President Barack Obama would follow in President George W. Bush's footsteps and not sign the international Mine Ban Treaty. Many of us had hoped he would embrace President Bill Clinton's pledge that the U.S. would join.

The 1997 treaty was a landmark accomplishment. For the first time, a group of governments and civil institutions joined together to ban a conventional weapon that had been used by virtually every fighting force for decades.

Today, 156 nations are party to the treaty -- including Afghanistan, Australia, Indonesia, Japan, all of Europe except Finland (Poland has signed but not yet ratified), all of sub-Saharan Africa except Somalia, almost half of the countries in the Middle East and North Africa (including Iraq, Jordan, Kuwait and Algeria), and the entire Western Hemisphere, except for the United States and Cuba.


Putin: Russia has no evidence Iran trying to build nukes

Russia has no evidence that Iran is trying to build a nuclear weapon, Russian Prime Minister Vladimir Putin said Thursday.

"We have no information that Iran is working on the creation of a nuclear weapon," Putin said when asked by a reporter if Iran was close to making an atomic bomb.

Russia, a veto-wielding permanent member of the United Nations Security Council, is a key player in efforts to force Tehran to allay Western fears that it is trying to make nuclear weapons.

Moscow has previously supported UN sanctions against Iran only after insisting they be watered down and has so far refused to publicly support calls by the United States for the threat of additional sanctions against the Islamic Republic.


'Caucasian Mujahadeen' Claims Nevsky Express Bombing

© Unknown
Doku Umarov
While Russian investigators claim to have found new leads in their search for the "terrorists" who killed at least 26 people traveling on the Nevsky Express between Moscow and St. Petersburg, the "Caucasian Mujahadeen," under the orders of its leader, Doku Umarov, have claimed responsibility for the November 27 bombing. Intriguingly, the Kremlin's top banker, Boris Yevstratikov, was killed in the blast and derailment.

On Monday Prime Minister Vladimir Putin linked the Nevsky Express bombing with an explosion that occurred that day on a railway line in the internal Russian republic of Dagestan. The Tyumen-Baku line connects southern Russia with the "former" Soviet republic of Azerbaijan. Russia's KGB-communist dictator called the Dagestan bombing a "second terror attempt." No one aboard the second train was hurt and the locomotive sustained only superficial damage from the blast. After Monday's attack, the Kremlin-run rail monopoly, Russian Railways, stated: "Traffic on the railway is closed. Employees of Russian Railways, law enforcement bodies, the FSB [Federal Security Service] and emergency services are working at the scene.'"

Bad Guys

Ukrainian Kids, New Victims of Israeli "Organ Theft"

Organ theft
© PressTV
An international Israeli conspiracy to kidnap children and harvest their organs is gathering momentum as another shocking story divulges Tel Aviv's plot to import Ukrainian children and harvest their organs.

The story brings to light the fact that Israel has brought some 25,000 Ukrainian children into the occupied entity over the past two years in order to harvest their organs. It cites a Ukrainian man's fruitless search for 15 children who had been adopted in Israel. The children had clearly been taken by Israeli medical centers, where they were used for 'spare parts'.

The account was unveiled five days ago by a Ukrainian philosophy professor and author, Vyacheslav Gudin, at a pseudo-academic conference in the Ukrainian capital, Kiev. Gudin told an estimated 300 attendees of the Kiev conference that it was essential that all Ukrainians be made aware of the genocide Israel was perpetrating.