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Wednesday, March 9, 2011

Million dead fish swamp L.A.-area marina

Sardines and other small fish in the hundreds of thousands washed up dead overnight in the harbor area of Redondo Beach, Calif., just south of Los Angeles, puzzling authorities and triggering a cleanup effort.

Local television news footage showed the mass of dead fish, said by a police spokesman to be about a foot deep on the surface, choking the waters in and around dozens of private boat slips in the King Harbor Marina.

California  Department of Fish and Game spokesman Andrew Hughan came with the silly idea of

"It looks like they just swam in the wrong direction and ended up in a corner of the pier that doesn't have any free-flowing oxygen in it," Hughan said.
It is one of the biggest dead fish cases since the beginning of the 2011 when the dead birds and fishes begging to appear.

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Russia says will complete Bushehr project 'in near future'

Iran started the Bushehr project in 1976

Russia will complete the nuclear reactor in Iran's Bushehr in the near future, the Russian ambassador in Tehran said Tuesday, two weeks after operation of the long-anticipated facility was delayed.
Iran had to unload fuel from the reactor at the Bushehr power plant in late February, the latest delay to hit the project. The giant plant was meant to start feeding electricity into the national grid in the same month.
The fuel was provided by Russia, which built the plant.
Russia said a breakdown in one the reactor's cooling pumps necessitated the removal of 163 fuel rods from its core.
Observers say the Stuxnet computer virus which Iran previously admitted had infected the reactor in September may be responsible.
Envoy Alexander Sadovnikov said it was better to solve the problem now in order to prevent similar setbacks happening in the future.
"We will finish the project in the near future," Sadovnikov said in an interview with Iran's semi-official Mehr news agency. "It is as much an objective for us as it is for Iran."
Iran is subject to a series of UN Security Council sanctions over its refusal to stop uranium enrichment.


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U.S. Inflation Caused Algeria, Tunisia, Egypt, and Libya Unrest

The National Inflation Association (NIA) announced in its November 5th, 2010, food price projection report that food inflation would take over as America's biggest crisis in calendar year 2011, surpassing the mortgage crisis and high unemployment, which were the top economic concerns of Americans in 2010. NIA's food price projection report received worldwide media attention including being featured by Glenn Beck on the FOX News Network. NIA's prediction about food inflation was strongly reiterated by NIA's President Gerard Adams on November 12th when he was a guest on the FOX Business Network. NIA then included this prediction as one of its 'Top 10 Predictions for 2011' released on January 4th, 2011. We are less than two months into 2011 and already massive food inflation is beginning to affect American citizens in a major way, but not the way most people expected.
The Federal Reserve has held interest rates at near zero percent for over two years, which has flooded the world with trillions of dollars in excess liquidity. The world first saw our rapidly accelerating monetary inflation through rapidly rising gold prices. Gold is the best gauge of inflation and predictor of future inflation. It comes as no surprise to NIA members that gold prices were the first to see major gains as a result of massive inflation.
In late-2009 with gold prices soaring through the roof, the mainstream media wasn't smart enough to figure out that inflation was the cause of rising gold prices. In fact, all of the economists that the mainstream media follows were forecasting deflation. On December 10th, 2009, with gold at $1,100 per ounce, Nouriel Roubini, professor of economics at New York University's Stern School of Business said, "all the gold bugs who say gold is going to go to $1,500, $2,000, they're just speaking nonsense". Roubini went on to say ,"I don't believe in gold" and "gold can go up for only two reasons." Roubini pointed to inflation as being one of those reasons, but said, "we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there's slack in the labor markets with unemployment above 10 percent in all the advanced economies.”
NIA recognized from the very beginning that despite adverse signs from the bond market, gold and U.S. stock prices were rising solely due to inflation, and there was no economic recovery. In fact, in an article released on December 28th, 2009, NIA wrote, "In 2009, we saw the monetary inflation created by the Federal Reserve's zero percent interest rates drive up the prices of U.S. stocks, without dramatically increasing the prices of U.S. consumer goods. We consider 2009 to have been a brief period of euphoria, before a rapid increase in the prices of food, energy, clothes and other necessities Americans need to live and survive."
NIA first warned about food inflation in our October 30th, 2009, article entitled, 'U.S. Inflation to Appear Next in Food and Agriculture'. In this article, NIA said, "Prices are rising all around us, yet agricultural commodities have for the most part been left behind and remain at historically depressed levels. Fundamentals for agriculture are improving on a daily basis. A worldwide shortage of farmers combined with food inventories falling to record lows is setting up the perfect storm for an explosion in agriculture prices." From the release of this article on October 30th, 2009, to their highs this month, we have seen an explosion in agriculture futures with wheat gaining 52%, cotton gaining 177%, corn gaining 72%, soybeans gaining 49%, coffee gaining 86%, orange juice gaining 37%, and sugar gaining 86%.
Luckily for the U.S., because of the dollar's status as the world's reserve currency, the U.S. has been able to export its food inflation to the rest of the world. America's food inflation crisis is so far manifesting itself in Arab nations. It started out early last month with citizens in Algeria marching to the capital chanting, “Bring us Sugar!” It then spread to riots in Tunisia, which saw 14 civilian deaths when protesters clashed with police. Afterwards came the Egyptian Revolution, which saw 365 civilian deaths and thousands more injured, leading up to the resignation of Egyptian President Hosni Mubarak on February 11th. In recent days, the civil revolt has reached Libya, the third largest oil producer in Africa and holder of Africa's largest oil reserves.
Although the U.S. is largely self-sufficient when it comes to the production of food, oil is a very important commodity used in agriculture production and the U.S. needs to import most of its oil. With oil prices soaring through the roof, Arab nations are getting their revenge on the U.S. for the food inflation they are suffering from. Oil is the second largest expense that affects retail prices of food in our supermarkets after the cost of agricultural commodities. The reason a 50% increase or more in nearly all agricultural commodities hasn't caused food prices in U.S. supermarkets to rise by 50% or more in recent months, is because Americans have been blessed with cheap oil. The surging price of oil means that America's food inflation crisis is now imminent.
All American citizens need to be ready for nationwide civil unrest, rioting, looting, and protesting later this year, even worse than what is occurring in Arab nations. The Arab world will survive this crisis because they have oil reserves that they can export to Asian countries when the U.S. can no longer afford to import oil. However, America's survival is dependent on the world's confidence in a piece of paper that has no intrinsic value and is being debased as fast as humanly possible.
The Federal Reserve is 100% responsible for the world's political turmoil and upheaval of governments. As NIA continues to educate the world about the Federal Reserve's destructive monetary policies, we are witnessing surging anger over the Federal Reserve's ability and willingness to steal from the incomes and savings of the American middle class by printing money and transferring this wealth through cheap and easy credit to bankers on Wall Street who produce nothing tangible for the U.S. economy. At the very least, NIA believes this anger will lead to large "End the Fed" protests later this year, which NIA first predicted would occur last year (we overestimated America's eagerness to learn the truth about the U.S. economy and inflation). Worst case scenario, by the end of 2011, we will see the world rush to dump their U.S. dollars and an outbreak of hyperinflation.
Our good friend Gerald Celente first forecast the current North African crisis in an article he wrote in his autumn 'Trends Journal' entitled 'Off With Their Heads 2.0'. In fact, Celente wrote another article just days before the riots in Tunisia entitled 'Youth of the World Unite', which accurately predicted with precise details the deadly riots we now are seeing in Arab nations. Celente will be a guest in NIA's upcoming must see documentary about the U.S. college bubble that is getting ready to collapse.
As accurate as Celente was about the North African crisis, we believe even he was surprised by just how fast the upheaval took place. Absolutely nobody in the mainstream media saw this crisis coming at any time during the recent weeks and months leading up to it. It is shocking just how quickly Egypt went from having peaceful times to their President being forced to resign from office. There were absolutely no warning signs in the weeks leading up to the Egypt unrest. NIA expects U.S. hyperinflation to break out in exactly the same fashion. The only warning signs to prepare for hyperinflation will be the warning signs that are already here today. Americans need to learn how to recognize them for what they truly are, and that is why NIA is here. Please trust us that by the time it becomes obvious to the average American that hyperinflation is right around the corner, there will be no time to prepare.

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Ahmadinejad calls for new world order

Iranian President Mahmoud Ahmadinejad says Iran and India need to help spread justice in the world as the duo share humane perspectives on international affairs.

“Currently, the formation of a new world order is of prime importance and it is upon the independent countries to prevent the same old oppressive order from insinuating itself into a new form,” the website of the Iranian president's office quoted him as saying in a meeting with India's National Security Advisor Shiv Shankar Menon in Tehran on Monday. 

Ahmadinejad underlined the role of Iran's and India's cultural background and said the issue of culture will significantly contribute to the new world order. 

The Iranian chief executive also called for further cooperation between Tehran and New Delhi. 

For his part, the Indian official lauded his country's relations with the Islamic Republic and emphasized India's willingness "to establish all-out strategic relations with Iran.” 

Iran is India's second-largest oil supplier after Saudi Arabia, with New Delhi importing 12 million barrels of Iranian crude on a monthly basis. 

Trade volume between Iran and India reached almost $13 billion in 2007 after business between the two countries jumped by 80 percent. 


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Oil it´s going to be at US$220

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New Zealand Dollar Advances as Technical Indicator Signals Excessive Loss

Bloomberg News, 

New Zealand Dollar Advances on Speculation Loss Was Excessive
March 8 (Bloomberg) -- New Zealand’s dollar advanced, halting a five-day loss, as a technical indicator showed its recent declines may have been excessive.

The kiwi, the currency’s nickname, rebounded from the weakest level since September against the yen as traders reduced their bets that the central bank will cut interest rates at its meeting this week. Australia’s dollar continued to weaken against most major currencies as oil touched a 29-month high, which spurred concern that global economic growth may slow.

“It seems traders are adjusting their positions after seeing a rapid drop in the kiwi,” said Toshiya Yamauchi, a senior currency analyst in Tokyo at Ueda Harlow Ltd., which provides foreign-exchange margin-trading services. “Rising oil prices will keep weighing on stocks and thus the Australian dollar as long as uncertainty remains in the Middle East.”

The New Zealand dollar rose 0.4 percent to 73.99 U.S. cents at 11:33 a.m. in New York from 73.69 yesterday, after falling to 73.39 on March 4, the weakest since Oct. 1. The kiwi gained 1 percent to 61.23 yen from 60.60 yesterday, when it touched 60.35 yen, the weakest since Sept. 9.
Australia’s currency fell 0.2 percent to $1.0098 from $1.0119 yesterday. It rose 0.4 percent to 83.52 yen from 83.21.

The kiwi rebounded from the lowest level since September against the yen as the 14-day relative strength index for the currencies fell to 29.5 yesterday, below the 30 threshold that some traders see as a sign an asset’s price has fallen too far and is poised to rise. The gauge for New Zealand’s currency versus the U.S. dollar dropped to 32.7 yesterday.

Raise Not Cut
Swaps traders are betting that the Reserve Bank of New Zealand will add 5 basis points to its benchmark rate of 3 percent during the next 12 months, according to a Credit Suisse Group AG index. The gauge signaled a cut of 20 basis points on March 2. A basis point is 0.01 percentage point.

Oil traded near a 29-month high in New York as OPEC members are discussing whether to hold an emergency meeting and any decision on increasing oil output would be taken then, Sheikh Ahmad al-Abdullah, Kuwait’s oil minister said.

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Saudi Arabia drafts in up to 10,000 troops ahead of protests

Saudi Shias protest in Awwamiya

Saudi Arabia is drafting in up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week.

Desperate to avoid mass uprisings against the House of Saud, security forces have deployed in huge numbers across the region.
King Abdullah is also reported to have told neighbouring Bahrain that if they do not put down their own ongoing Shia revolt, his own forces will.
In response to the massive mobilisation, protesters are planning to place women on the front ranks to discourage Saudi forces from firing on them.
In Yemen, President Ali Abdullah Saleh set off a deadly battle for survival last night as he rejected an opposition peace proposal and ordered troops to fire on demonstrators, killing four. Efforts to suppress demonstrations by the key ally in the “war on terror” could jeopardise rising volumes of Western aid flooding into the country, diplomats warned.
President Saleh rejected an opposition proposal that would have brought demonstrations to a standstill in return for a promise to step down by the end of the year. Yemeni troops used rockets and machineguns to attack demonstrators in the north of the country, killing four and injuring nine.

The Telegraph

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Obama: Israelis must show seriousness on peace

Jewish leaders say that during White House meeting president said Palestinians 'don't feel confident that Netanyahu government serious about territorial concessions'

WASHINGTON – US President Obama this week called on Jewish leaders to speak to their colleagues in Israel and to “search your souls” over Israel's seriousness about making peace, the Jewish Telegraphic Agency reported Wednesday.

According to participants, Obama told the Jewish leaders that Palestinian President Mahmoud Abbas is eager to secure his legacy by establishing a Palestinian state and would accept a decent offer if one were on the table.

“The Palestinians don't feel confident that the Netanyahugovernment is serious about territorial concessions,” the president reportedly said.

Obama also reportedly said that the Jewish sections of Jerusalem would remain in Israeli hands as part of any peace deal, but that the Arab sections would not.

JTA reported that in an hour-long meeting at the White House Tuesday with some 50 representatives from the Jewish community’s chief foreign policy umbrella group, the Conference of Presidents of Major American Jewish Organizations, Obama reiterated the US commitment to Israel.

The Jewish leaders noted the president's affirmation of his "deep commitment to Israel's security," according to JTA.

Several participants at the meeting told JTA that the president also implied that Israel bears primary responsibility for advancing the peace process. They interpreted the president’s comments as either hostile, naive or unsurprising.

“Many people felt that their worst fears about Obama were confirmed with respect to Israel,” one participant was quoted as saying by JTA. “They felt an enormous hostility towards Israel.”

However, other participants disagreed and said meeting was a positive one. According to JTA, they described the president as “thoughtful” and “forthcoming” in his remarks, and said no new ground was broken.


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