Genetically modified crops failing worldwide
It was revealed last week that China is dealing with an explosive infestation of the formerly inconsequential mirid bug in its orchards and cotton fields. The bug’s population exploded as a result of widespread planting of cotton that had been genetically altered to be resistant to the bollworm, formerly cotton’s worst enemy. Cotton farmers stopped spraying insecticides, since their plants shrugged off the bollworms, and thus allowed other insects, especially the mirid bug, to multiply without interference.
Address all complaints to the Monsanto corporation…
Throughout the American heartland, farmers who were persuaded to stop cultivating, stop spraying more toxic weed sprays and give their faith to Roundup are being overcome by resurgent weeds. One of them, pigweed, is a mutant monster that can reach seven feet in height and can ruin a combine. The high costs of the modified seed, the increasing cost of applying more and more Roundup to less and less effect, added to the need to resume tilling and the use of older chemicals, adds up to “…the single largest threat to production agriculture that we have ever seen,” according to Andrew Wargo III, the president of the Arkansas Association of Conservation Districts.
What a great economic time for this to happen. We’re in a recession headed toward a depression, cropland is being used to grow corn for fuel rather than food, and now we’re having shortages in harvests due to genetically modifying our food! Cotton based textiles will now go up in price in a time where we need to use our money to buy genetically modified food!
The State Department Can’t Be Trusted with Iran Sanctions | Foreign Policy
If passed, the new law will hammer Iran’s lucrative energy sector, making it even harder for cash-strapped Tehran to finance its illicit nuclear program
So much for objective journalism!
In short, Congress should reward good work with more work. It should give the Treasury Department increased authority to target the Iranian energy sector and give sanctions every opportunity to stop Iran’s drive to build a nuclear bomb.
Of which there is no evidence!
How close are we to another Great Depression?
The author of this article hits the nail on the head. Good stuff to keep in mind when hearing the “official” unemployment rates and the people affected.
We all know by now that our economy is on the decline, and the the dollar’s purchasing power has fallen; it is clear that we are past the point of “recession” and either on the edge of or just beyond the edge of a depression.
There have been reports of our economy plummeting in November of this year, and now there is more ammo for that gun. Many investors, and financial analysts claiming that China’s economy will tank this year due to their own real estate bubble.
Cornerstone Wealth Management CEO David Hefty predicts that the Dow will drop to 5000 this year after China’s economy goes tits up.
“You can’t build cities for millions of people and have them half full – there’s problems with that, and not only are they going to be facing this real estate crash themselves but they’re facing inflation, so they’re going to have to slow their economy down in the midst of a real estate crash, and I didn’t even mention Europe,” said Hefty.
Business Week has been keeping an eye on the Chinese markets:
China’s Shanghai Composite Index may drop as much as 6 percent after breaching the 250-day moving average for the first time in a year, Shenyin & Wanguo Securities Co. said.
The benchmark gauge plunged 4.8 percent to 2,980.3 yesterday, the most in eight months, on concern government measures to curb real estate speculation will slow economic growth. The index may extend losses until reaching the next support level of 2,803…
Bloomburg notes this about the Chinese economy:
In China, where property prices rose at a record pace in April and consumer prices climbed at the fastest rate in 18 months, the economy faces the risk of a “significant slowdown,” Roubini said.
“China should be tightening monetary policy, increasing interest rates and let its currency appreciate over time,” he said. “They are too slow, they are not doing it fast enough.”
Perhaps all of the fuss I’ve heard about our economy being flushed in November is due to China’s real estate bubble bursting and rippling throughout the globe leading us to another Great(er) Depression.
Recently I have been wrestling with the idea of leaving corporate America in my past. I have had the same job now for 6 years, and have been in the telecommunications industry for the last 10 years; always doing IT work.
The company I started with 6 years ago was recently (within 6 months) acquired by a large telecom who, I’ve learned, engages in shady business practices, treats employees with disdain, and by their actions have proven to be against the American people. It is difficult for me to come into work everyday and help further this agenda.
I have a hard time not feeling like a hypocrite every time I walk through the doors. How can I say I support the freedoms of this country if I work for a company who has helped erode those freedoms? How can I believe in my heart that I am against corporate dominance if I help this company further their agendas?
I’ve spoken with a few people on the matter, explained to them what it is that is bothering me; nearly every single person has told me to bury my principles on the matter and keep on keeping on. The only person I’ve spoken to on this that has provided another point of view is my lovely, lovely wife. She is with me 100%, but we are now at a loss as to how to go about being happy, but with less dependence on green paper that passes itself as currency these days.
Have you done it? Have you thrown off the shackles of societal expectations? If so, how did it turn out? How did you do it? Please share your thoughts in the comments.
Ron Paul: Euro Bailout Will Lead To Currency Collapse
Nice to know that our economy is strong enough to bail out other countries. It sickens me to know that our purchasing power is declining every day, and now our government is going to add this?!
It seems to me that our foreign policies need to be rethought. We need the money we are sending overseas desperately! In my hometown, schools are having their budgets cut, social services that help children have had their budgets cut and we still continue to send money overseas. Outrageous!