Archive for the ‘ Economics ’ Category

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade


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Afghanistan is, by far, the largest grower and exporter of opium in the world today, cultivating a 92 percent market share of the global opium trade. But what may shock many is the fact that the US military has been specifically tasked with guarding Afghan poppy fields, from which opium is derived, in order to protect this multibillion dollar industry that enriches Wall Street, the CIA, MI6, and various other groups that profit big time from this illicit drug trade scheme.

Prior to the tragic events of September 11, 2001, Afghanistan was hardly even a world player in growing poppy, which is used to produce both illegal heroin and pharmaceutical-grade morphine. In fact, the Taliban had been actively destroying poppy fields as part of an effort to rid the country of this harmful plant, as was reported by the Pittsburgh Post-Gazette on February 16, 2001, in a piece entitled, Nation’s opium production virtually wiped out (http://news.google.com/newspapers?n…).

But after 9/11, the US military-industrial complex quickly invaded Afghanistan and began facilitating the reinstatement of the country’s poppy industry. According to the United Nations Drug Control Program (UNDCP), opium cultivation increased by 657 percent in 2002 after the US military invaded the country under the direction of then-President George W. Bush (http://www.infowars.com/fox-news-ma…).


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CIA responsible for reinstating opium industry in Afghanistan after 9/11

More recently, The New York Times (NYT) reported that the brother of current Afghan President Hamid Karzai had actually been on the payroll of the CIA for at least eight years prior to this information going public in 2009. Ahmed Wali Karzai was a crucial player in reinstating the country’s opium drug trade, known as Golden Crescent, and the CIA had been financing the endeavor behind the scenes (http://www.infowars.com/ny-times-af…).

“The Golden Crescent drug trade, launched by the CIA in the early 1980s, continues to be protected by US intelligence, in liaison with NATO occupation forces and the British military,” wrote Prof. Michel Chossudovsky in a 2007 report, before it was revealed that Ahmed Wali Karzai was on the CIA payroll. “The proceeds of this lucrative multibillion dollar contraband are deposited in Western banks. Almost the totality of revenues accrue to corporate interests and criminal syndicates outside Afghanistan” (http://www.thirdworldtraveler.com/A…).

But the mainstream media has been peddling a different story to the American public. FOX News, for instance, aired a propaganda piece back in 2010 claiming that military personnel are having to protect the Afghan poppy fields, rather than destroy them, in order to keep the locals happy and to avoid a potential “security risk” — and FOX News reporter Geraldo Rivera can be heard blatantly lying about poppy farmers being financially supported by the Taliban, rather than the CIA and other foreign interests.



You can watch that clip here:
http://www.youtube.com/watch?v=aj-b…So while tens of thousands of Americans continue to be harmed or killed every year by overdoses from drugs originating from this illicit opium trade, and while cultivation of innocuous crops like marijuana and hemp remains illegal in the US, the American military is actively guarding the very poppy fields in Afghanistan that fuel the global drug trade. Something is terribly wrong with this picture.This article originally appeared at Natural News.Sources for this article include:http://www.youtube.com/watch?v=aj-b…


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China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills


Estimated ownership of US Treasury securities ...

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China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
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Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt.

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Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.

Until October, the Chinese were generally making up for their decreasing holdings in Treasury bills by increasing their holdings of longer-term U.S. Treasury securities. Thus, until October, China’s overall holdings of U.S. debt continued to increase.
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Since October, however, China has also started to divest from longer-term U.S. Treasury securities. Thus, as reported by the Treasury Department, China’s ownership of the U.S. national debt has decreased in each of the last five months on record, including November, December, January, February and March.  

Prior to the fall of 2008, acccording to Treasury Department data, Chinese ownership of short-term Treasury bills was modest, standing at only $19.8 billion in August of that year. But when President George W. Bush signed legislation to authorize a $700-billion bailout of the U.S. financial industry in October 2008 and President Barack Obama signed a $787-billion economic stimulus law in February 2009, Chinese ownership of short-term U.S. Treasury bills skyrocketed.

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By December 2008, China owned $165.2 billion in U.S. Treasury bills, according to the Treasury Department. By March 2009, Chinese Treasury bill holdings were at $191.1 billion. By May 2009, Chinese holdings of Treasury bills were peaking at $210.4 billion.

However, China’s overall appetite for U.S. debt increased over a longer span than did its appetite for short-term U.S. Treasury bills.

In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009– when China started to reduce its holdings in short-term Treasury bills–and ultimately peaked at $1.1753 trillion last October.


As of March 2011,…. continue reading “China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills” at Global Freedom Technology Firm.
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The Decline and Fall of the American Empire


9/11: 34 Facts The Media Won't Discuss And The...

The United States Government and its presstitute media have wasted time and energy creating hysteria over a non-existent “debt ceiling crisis.” After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the US government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.”
What kind of superpower is it, the world wonders, that is willing to go to the eleventh hour to convince the world, which holds its banking reserves in US Treasury debt, that the US government will default on the debt?

Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world.

This is the achievement of the Republicans, who took an ordinary commonplace increase in the debt ceiling limit, an event that has occurred routinely many times over the course of my life, and turned it into a crisis threatening the world financial system.

To be clear, there was never any risk whatsoever of US default as President Obama has power established by President George W. Bush’s Presidential Directive 51 to declare default a National Emergency and to set aside the debt ceiling limit and Congress’ power of the purse, and to continue to issue the debt necessary to fund the US government and its wars.

Continue reading “The Decline and Fall of the American Empire” at Global Freedom Technology Firm.

The Decline and Fall of the American Empire


The United States Government and its presstitute media have wasted time and energy creating hysteria over a non-existent “debt ceiling crisis.” After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the US government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.”

Empire America is Falling

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What kind of superpower is it, the world wonders, that is willing to go to the eleventh hour to convince the world, which holds its banking reserves in US Treasury debt, that the US government will default on the debt?

Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world.

This is the achievement of the Republicans, who took an ordinary commonplace increase in the debt ceiling limit, an event that has occurred routinely many times over the course of my life, and turned it into a crisis threatening the world financial system.
To be clear, there was never any risk whatsoever of US default as President Obama has power established by President George W. Bush’s Presidential Directive 51 to declare default a National Emergency and to set aside the debt ceiling limit and Congress’ power of the purse, and to continue to issue the debt necessary to fund the US government and its wars.


 


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