Archive for category Politics

Chinese Yuan Currency Trading Directly with Japanene Yen

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

As expected, China has achieved a major milestone in international finance and banking by continuing its direct currency trades with Japan, the 3rd lartest economy as measured by GDP.  The effect of direct trades is that it makes unnecessary for currencies of one country have to use US Dollar as intermediary currency to reach its destination.  In this case, Japanese

China, Japan to Back Direct Trade of Currencies

Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan

Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan

Nelson Ching/Bloomberg

Yoshihiko Noda, prime minister of Japan, left, is greeted by Wen Jiabao, prime minister of China, during a welcoming ceremony at the Great Hall of the People in Beijing.

Yoshihiko Noda, prime minister of Japan, left, is greeted by Wen Jiabao, prime minister of China, during a welcoming ceremony at the Great Hall of the People in Beijing. Photographer: Nelson Ching/Bloomberg

Enlarge image Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan

Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan

Yen-Yuan Trade Plan to Cut Dollar Dependence of China, Japan

Nelson Ching/Bloomberg

Yoshihiko Noda, Japan’s prime minister, is on a two-day official visit to China.

Yoshihiko Noda, Japan’s prime minister, is on a two-day official visit to China. Photographer: Nelson Ching/Bloomberg

Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government said.

Japan will also apply to buy Chinese bonds next year, allowing the investment of renminbi that leaves China during the transactions, the Japanese government said in a statement after a meeting between Prime Minister Yoshihiko Noda and Chinese Premier Wen Jiabao in Beijing yesterday. Encouraging direct yen- yuan settlement should reduce currency risks and trading costs, Japan’s government said.

China is Japan’s biggest trading partner with 26.5 trillion yen ($340 billion) in two-way transactions last year, from 9.2 trillion yen a decade earlier. The pacts between the world’s second- and third-largest economies mirror attempts by fund managers to diversify as the two-year-old European debt crisis keeps global financial markets volatile.

“Given the huge size of the trade volume between the Asia’s two biggest economies, this agreement is much more significant than any other pacts China has signed with other nations,” said Ren Xianfang, a Beijing-based economist with IHS Global Insight Ltd.

China also announced a 70 billion yuan ($11 billion) currency swap agreement with Thailand last week as part of a plan outlined in October to promote the use of the yuan in the Association of Southeast Asia Nations and establish free trade zones. Central banks from Thailand to Nigeria plan to start buying yuan assets as slowing global growth has capped interest rates in the U.S. and Europe.

Offshore Yuan

The yuan traded in Hong Kong’s offshore market gained 0.5 percent offshore last week and touched 6.3324 per dollar, the strongest level since trading started in July 2010. Its discount to the exchange rate in Shanghai narrowed to 0.1 percent, from a record 1.9 percent on Sept. 23.

The yuan gained 0.05 percent in Shanghai to 6.3330 per dollar today and was little changed at 6.3450 in Hong Kong. It strengthened 4.3 percent this year, the best-performing Asian currency excluding the yen. The currency is allowed to trade 0.5 percent on either side of that rate. The yuan is a denomination of the renminbi.

Biggest Trading Partner

Japan exported 10.8 trillion yen to China in the year through November, and imported 12 trillion yen, according to Ministry of Finance data. The deficit with China widened to 1.2 trillion yen, from 418 billion yen in January-to-November 2010. About 60 percent of the trade transactions are settled in dollars, according to Japan’s Finance Ministry.

Finance Minister Jun Azumi said Dec. 20 buying of Chinese bonds would help reveal more information about financial markets in China. Noda said in September 2010, when he was finance minister, that Japan should be able to invest in China given that its neighbor buys Japanese debt. Japan holds $1.3 trillion of foreign-currency reserves, the world’s second largest after China’s $3.2 trillion.

Investing in Chinese debt has become easier for central banks as issuance of yuan-denominated bonds in Hong Kong more than tripled to 112 billion yuan ($18 billion) this year and institutions were granted quotas to invest onshore. Japan will start to buy “a small amount” of China’s bonds, a Japanese government official said on condition of anonymity because of the ministry’s policy, without elaborating.

China sold the second-biggest net amount of Japanese debt on record in October as the yen headed for a postwar high against the dollar and benchmark yields approached their lowest levels in a year. It cut Japanese debt by 853 billion yen, Japan’s Ministry of Finance said on Dec. 8.

Separately, the Japan Bank for International Cooperation, JGC Corp., Mizuho Corporate Bank Ltd., the Export-Import Bank of China and other Chinese companies will establish a $154 million fund to invest in environment-related businesses such as recycling and energy, the Japanese government said.

Riots in Wall Street New York Intensifying

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

We capture the News of the riots in New York.  This follows our predictions accurately.

Wall Street Protest Spreads

By ANDREW GROSSMAN in New York and JACK NICAS in Chicago

The anti-Wall Street protest in Lower Manhattan entered its third week with hundreds of arrests after the group blocked traffic Saturday on the Brooklyn Bridge, and budding copycat movements across the U.S. continued to stage smaller-scale protests, planning them online on social networking sites.

Protesters held sizable gatherings in Chicago and Los Angeles. In other cities, like San Francisco and Pittsburgh, protests were smaller or existed only in a planning stage. A website,, lists groups that are offshoots of the New York protest. Activists have begun organizing outside the U.S., including in Prague, Melbourne and Montreal.

In New York, the protesters initially set out to occupy Wall Street but were rebuffed by police. Instead, the group set up in a nearby park, keeping the “Occupy Wall Street” moniker. The spread to other cities appears largely organic—the protests don’t have a central organizer—and the idea came from a Canadian magazine and grew on social media websites.

Those protesting in New York have been circulating a list of grievances, most of which are aimed at corporations that they say are too powerful and often unethical. Among the complaints: bank executives received “exorbitant” bonuses not long after receiving taxpayer bailouts and companies have “poisoned the food supply through negligence” and “continuously sought to strip employees of the right to negotiate better pay and safer working conditions.”

Many of the protesters are young. Joblessness seems to be a persistent theme. A blog that has become popular has pictures of people’s faces next to stories of economic woe and messages of support for the protesters.

Greece Bond Yield Exceeds 47%

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

Yields on Greek 2-year government bonds hit 47.20% today, an eurozone record. The surge in yields which started thru the month of August follows a report that $8 Billion in bailout funds could be held back after Greece missed its reform objectives and that Euro finance official will walk away for 10-days to reflect on the outcome.

The pause in talks — which will allegedly give Greece time to do a technical study of its economic data — has been taken as a bad sign in the developing drama over the Greece bailout, regardless of anything said.

The fact that we are dealing with an issue of CONFIDENCE, is more of what it to the public psychic than the fundamentals (given that the fundamentals are already atrocious).

Bottomline is that the interest being paid by Greece for the high risk Bond (2 yr Bond) investors are willing to take was 26.5% (July 2011) and today is 47%. Greece is the 27th largest economy in GDP in the world.  The public sector contributes to 40% of its GDP.  It has now over 350 Billion in debt (over 150% of GDP at present and projected to be 167% of GDP by 2012).  It’s economic situation and new budget is assuming that the GDP growth will turn positive in 2012.  (it has been negative since 2000 with nearly 80 Billion Euros in deficit thru 2010 and another projected 9.5 Billion euros for 2011).

To find sources of repayment for the Bond interest, the government is restructuring its social programs like pension and healthcare (which the public objects) , tax pension recipients, sell national assets and privatize certain industries, of course increase taxes (which the public also objects) – increase taxes for people arning more than 8,000 Euro annually and add another extra tax for those earning 12,000 Euro annually.

Here is a snapshot of how interest rates has been surging in the last year alone.  Each new trench of bail out comes ever more expensive than the prior one.

Germany Leading To Change Economic Fundamentals

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

 Germany stands firm to fix the problem by slashing public debt.  We will see how the market pressure and other governments react to that position.  News of today shows the contrast.

Merkel defies pressure on debt crisis

Angela Merkel on Sunday urged Europe to stand firm in the face of market pressure and the “dramatic crisis” gripping the eurozone, insisting the solution was for states to slash public debt and boost competitiveness.

“Politics cannot and will not simply follow the markets,” Germany’s chancellor said, repeating her refusal to countenance funding indebted nations with a bond guaranteed by all members of the single currency bloc.

The markets want to force us into doing certain things, and that we won’t do,” Ms Merkel said, shrugging off last week’s gyrations in equity and bond markets.

Her remarks came as a leading French banker warned that anxiety swirling around European banks could continue for months to come.

“Nervousness around banking stocks could last at least until the beginning of November,” Frédéric Oudéa, chief executive of Société Générale, told a French newspaper.

We see the effect of band-aids and holding on to ever increasing news of institutions that come with surprising request for bail outs like the following:

Greece’s four biggest banks on Sunday stepped in to rescue a small lender and avert a run on the country’s fragile banking system. The deal to recapitalise Proton Bank was essential to prevent “creating a mood of fear with unpredictable consequences”, one banker said.

Introduction to the Zhou Dynasty 周朝

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

The Zhōu Dynasty (周朝)  was a Dynasty period in China (1046–256 BCE) that followed the Shang Dynasty and preceded the Qin Dynasty (the Qin Dynasty was called Chin in prior romanization and the name China derived from it). Zhou is the longest lasting dynasty in Chinese history running for 790 years.  The first part of the dynasty (Western Zhou), the actual political and military control of China was with the Zhōu Dynasty’s ruling clan, the Ji Family (姬氏) and in the 2nd part (Eastern Zhou) power and control was in the hands of the nobles with consideration and loyalty to the ruling Ji Family (姬氏).


The Zhou lineage traditionally begins with Di Ku () who was the great-grandson of the Yellow Emperor. In specific, Diku was the son of Jiăo Jí 蟜极), the grandson of Shăohào (少昊), where Shaohao (少昊) was the son of the Yellow Emperor and his principal wife Leizu.

From Diku, the Zhou clan lineage proceeds with his son Ji Qi (姬棄), better known as Houji (后稷, literally meaning Lord of Millet) and becomes the founding ancestor of the royal house of the Zhou Dynasty, and adopting the surname Ji (姬). Ji Qi (姬棄) or Houji (后稷) was worshipped as one of the patron gods of abundant harvests. He was posthumously elevated to Prince of Millet (后稷)) by King Chen Tang of Shang, founder of the Shang Dynasty. An ode in commemoration of Houji appears in The Book of Poetry (, the Odes).

From  Ji Qi (姬棄), then follows a lineage of descendants of the Ji clan (姬氏): Buku, Ju, and then Gongliu (公刘), Qingjie, Huangpu, Chafu, Huiyu, Gongfei, Yayu, Gongshu Zulei, and then finally to Gugong Danfu (古公亶父)。

Gugong Danfu (古公亶父) or King Tai of Zhou (周太王) was a semi-legendary-to-historical person of ancient China, who shaped the Zhou clan (by surname Ji  – 姬氏) into what would become the longest-tenured dynasty in the History of China. Gugong was a title meaning Elderly Duke, a sign of great respect. Thus, Gugong Danfu, or AElderly Duke Danfu, led the Zhou clan and their associated people out of their former homeland of Bin (部) and into a new land, in the Wei River Valley () where they founded a new town that became central to the Zhou Clan’s growing prosperity under the Shang Dynasty. From this fertile plateau, at the foot of Mount Qishan, located in the upper part of this valley, the Zhou’s would mount their eventually successful take-over of the Shang Dynasty.

Gǔgōng Dǎnfù’s son, Jìlì(季历), as a vassal  of the Shāng Dynasty’s King Wen Ding (文丁), went to fight a battle against the Rong people (戎) for King Wen Ding in Yanjing (燕京) but Jili (季历) was defeated by Rong.  Finally, in the fourth year of Shang Dynasty’s King Wen Ding regime, Jili (季历) again attacked Rong (戎) at Yuwu (余无) and was victorious, Yuwu becoming a subject to Zhou.  Jìlì(季历) fought again the Rong several years later at Hu (呼) and again was vicotrious and again at Xitu (翳徒). However, worrying that the Zhou clan was growing more powerful, King Wen Ding gave Jìlì(季历) many treasures as a reward for his victories and sent him to a city called Saiku (塞库). Then Wen Ding killed Jìlì(季历) at Saiku.

Jìlì’s son, had inherited the position of ruler of Zhou’s after his father’s death and was named King Wen of Zhou (周文王).  He moved the Zhōu capital downstream to Fenghao (沣镐)  present day Shaanxi Province.

The Setup for a New Dynasty

Diyi (帝乙) or Emperor Yi  succceded King Wen Ding of Shang(文丁) as king of the Shang Dynasty from 1101BC to 1076BC (25 years).  And Emperor Xin of Shang 辛 or Dixin() became King of the Shang from 1075 BC – 1046 BC (29 years) also called King Zhou of Shang (帝纣王, this romanized name of Zhou, 纣, is not to be confused with the other Zhou, 周). Di Xin (帝辛) initially was a good ruler but after after taking Daji as Consort, he became a ruthless ruler. Many starting calling for change in the Shang Dynasty.

In his later years, Di Xin ((帝辛) would use his name King Zhou (帝纣王) and would become more wicked given over to drinking, women, sex and a lack of morals, preferring these to the proper governance of the country, and ignored almost all affairs of state. He with his beautiful consort Daji, would become famous for hosting festive orgies where many people engage in sex at the same time with his concubines and created songs with crude (erotic) lyrics and poor rhythm. In order to fund King Dixin’s heavy expenses each day, extremely heavy taxes were implemented.  King Zhou (帝纣王) would go down in history as the worst example of a corrupted king in China.

(The naming convention stated changing in these times were King (王) and Emperor (帝) are intermixed).  To further clarify, Emperor Xin of Shang is also known as King Di Xin (纣辛王) of Shang also called King Zhou of Shang (this Zhou , 纣, is a different chinese character than Zhou, 周).

King Wen of Zhou (周文王), now the ruler of the State of Zhou (周国), who was still a Shang vassal, was given the title “Count of the West” by King Di Xin (纣辛王) of Shang. King Di Xin (纣辛王) used King Wen ((周文王) to guard his rear while he was involved in a south-eastern campaign.

Eventually King Di Xin (纣辛王), fearing King Wen’s growing power, imprisoned him in Youli (羑里 – present day Tangyin in Henan Province). However, many officials respected King Wen of Zhou (周文王) for his honourable governing. They gave King Di Xin (纣辛) many gifts including gold horses and women, and requested King Wen’s release.  King Di Xin (纣辛王) agreed and freed King Wen of Zhou (周文王).

Although King Wen of Zhou (周文王) was later released, the tension between Shang (商) and Zhou (周) grew. King Wen of Zhou (周文王) prepared his army, and conquered a few smaller loyal states to Shang (商), slowly weakening Shang’s allies. However, King Wen of Zhou (周文王) died in 1050 BC before Zhou’s (周) actual offense against Shang (商).  Before his death and while preparing to go against Shang ( (商), King Wen, following the advice of his father and grandfather before him, was in search of talented people. In fact, he had been told by his grandfather, the Grand Duke of Zhou, that one day a sage would appear to help rule the Zhou state (周国).  One day, King Wen found an elderly man called Jiang Ziya (姜子牙) fishing.  This first meeting between King Wen and Jiang Ziya is recorded in the book that records Jiang’s teachings to King Wen and his son King Wu (周武王), the Six Secret Teachings ( 太公六韬).

Jiang Ziya (姜子牙) had faithfully served the Shang  (商) court for approximately twenty years, Jiang came to find Di Xin ((帝辛) insufferable, and feigned madness in order to escape court life and the ruler’s power. Jiang was an expert in military affairs and hoped that some day someone would call on him to help overthrow the king. Jiang disappeared for many years, only to resurface in the Zhou (周) countryside at the apocryphal age of seventy-two, when he was recruited by King Wen of Zhou (周文王).

An account of Jiang Taigong’s life written long after his time says he held that a country could become powerful only when the people prospered. If the officials enriched themselves while the people remained poor, the ruler would not last long. The major principle in ruling a country should be to love the people; and to love the people meant to reduce taxes and corvée labour. By following these ideas, King Wen is said to have made the Zhou state prosper very rapidly.

Jiang Ziya (姜子牙) a brilliant military strategist, became to serve King Wen of Zhou (周文王) as prime minister.  After King Wen death, his son King Wu of Zhou (周武王) with the help of Jiang Taigong (姜太公) aka Jiang Ziya (姜子牙), led the Zhou in a revolt a few years later. The reason for this delay was because King Wu believed that the “heavenly order” to conquer Shang had not been given and plus with the advice of Jiang Taigong (姜太公) was to wait for the right opportunity.

The Battle of Muye

The Battle of Muye (牧野之戰) was fought in 1046 BC.  With Jiang Ziya (姜子牙) as the strategist,  King Wu of Zhou (周武王) led an army of about 50,000 and 300 chariots accross the Yellow River in 1046 BC. The Shang army of King Di Xin’s (纣辛王)  was at war in the east, but he still had about 530,000 men to defend the Shang capital city of Yin. But to further secure his victory, he gave weapons to about 170,000 slaves to protect the capital.   The slaves who were relatively untrained for battle and were inside the capital city did not want to fight for the corrupted Shang  (商)Dynasty, and defected to the Zhou (周) army side instead.  This event greatly lowered the morale of the Shang troops. When engaged, many Shang (商) soldiers did not fight and held their spears upside down, as a sign that they no longer wanted to fight for the corrupted Shang (商). Some Shang soldiers joined the Zhou (周) side altogether in addition to the slaves.

The Zhou (周) troops were much better trained, and their morale was high. In one of the charges, King Wu (周武王) broke through the Shang ‘s defense line. King Di Xin of Shang (帝辛王) was forced to flee to his palace, and the remaining Shang troops fell into further chaos. Jiang Taigong (姜太公) charged at the head of the troops, beating the battle drums and then with 100 of his men drew the Shang (商) troops to the southwest. King Wu’s (周武王) troops moved quickly and surrounded the capital.  The Zhou were victorious and showed little mercy to the defeated Shang, shedding enough blood “to float a log”.  Inside the city capital with the help of the slaves and the defected Shang soldiers , the Shang King Di Xin’s (纣辛王) realizing that the capital city was surrended and with internal revolt turning against him gathered all his treasures around himself in the Palace, and then set fire to his palace and committed suicide.

King Di Xin (帝辛王) of Shang and his posthumous name King Zhou of Shang (纣辛王, different than Zhou Dynasty character 周) would become as a representation of his actions of both dishonor and cold-heartedness and go down in history as the worst example of a corrupted king in China.


King Ping of Zhou (周平王), was the thirteenth sovereign of the Chinese Zhou Dynasty and the first of Eastern Zhou Dynasty. He was the son of King You of Zhou and Queen Shen who were the last King of the Western Zhou Dynasty.  King Ping moved the capital from west from Haojing (鎬京/镐京) to east Luoyi (雒邑) – thus the name Eastern Zhou, and officially ending the Western Zhou Dynasty period and beginning the Eastern Zhou Dynasty first part called the Spring and Autumn Period (the second part being the Warring States Period).

Once the royal line became broken, the power of the Zhōu court diminished gradually over a 400 year period, and the fragmentation of the kingdom accelerated. From King Pings’s  (the first Eastern Zhou king) reign onwards, the Zhōu kings ruled in name only, with true power lying in the hands of regional nobles. Towards the end of the Zhōu Dynasty, the nobles did not even bother to symbolically acknowledge loyalty the Jī family, declaring themselves to be independent kings. The dynasty ended in 256 BCE when the last king of Zhōu died and none of his sons proclaimed the nominal title of King of China. Qin Shi Huang’s unification of China  concluded in 221 BCE with the establishment of the Qín Dynasty.

King Ping of Zhou (before 771 BC – 720 BC) (ch. 周平王 Zhōu Píng Wáng), also referred to as Crown Prince Yijiu or King P’ing of Chou was the thirteenth sovereign of the Chinese Zhou Dynasty and the first of Eastern Zhou Dynasty. He was the son of King You of Zhou and Queen Shen.

The System of the Zhou Dynasty

The Zhou dynasty became a most successful system based on a decentralized territory which depended on family relationships and relationship with regional rulers which were given vast lands to control. The successful decentralized system of the Western Zhou became strained as the familial relationship between Zhōu Kings and regional rulers thinned over generations and peripheral territories developed local power and prestige a par with that of the Zhōu.

The second part of the Zhou Dynasty, the Eastern Zhou, included the monarchical continuity of the Ji Clan but the decentralized system was becoming ever less effective until it’s end in 221 BC by the Qin Dynasty.

Fēngjiàn (封建) is the political ideology of the Zhou Dynasty. Fengjian is a “decentralized system of government, comparable to European feudalism but with distint differences, though recent scholarship has suggested that fengjian lacks some of the fundamental aspects of feudalism.  In particular, the European feudal society


The sizes of troops and domains a male noble would command would be determined by his rank of peerage:

While before the Han Dynasty a peer with a place name in his title actually governed that place, it had only been nominally true since. Any male member of the nobility or gentry could be called a gongzi (公子 gōng zǐ) (or wangzi (王子 wáng zǐ) if he is a son of a king, i.e. prince).

Four Occupations

The four occupations, or “four categories of the people,” was a social structure developed from Confucian and Legalist philosophers during the latter part of the Zhou Dynasty.

  • shi (士)
  • gong (工)
  • nong (農)
  • shang (商)

The four occupations were the shi (士) the class of “knightly” scholars, mostly from lower aristocratic orders, the gong (工) who were the artisans and craftsmen of the kingdom and who, like the farmers, produced essential goods needed by themselves and the rest of society, the nong (農) who were the peasant farmers who cultivated the land which provided the essential food for the people and tributes to the king, and the shang (商) who were the merchants and traders of the kingdom.

The four occupations under the Fengjian system were different to those of European Feudalism in that people were not born into the specific classes, such that, for example, a son born to a gong craftsman was able to become a part of the shang merchant class, and so on.

Ranking System for Emperors

The Rites of Zhou states that for Emperors, they are entitled to the following:

  • 1 Empress (皇后)
  • 3 Madames (夫人)
  • 9 Imperial Concubines (嬪)
  • 27 Shifus (世婦)
  • 81 Imperial Wives (御妻)

A grand total of 121 women. It was suggested that a system (not necessarily resembling the one listed above) was set up to prevent the situation of having two queens.

Ranking System for Others

According to the Rites of Zhou, Feudal Lords are entitled to 9 consorts in total, and cannot marry again after having 9 consorts, which makes for 1 wife and 8 consorts. For other officers, they are entitled to 1 wife and 1 consort. For normal citizens, only 1 wife is allowed.

Riots Intensifying – Spain, Greece and even China

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

Greece riots is certainly intensifying.

Protestor seized by force by Greek police.

However Spain is also gathering pace.  A Major protect in May followed by more and bigger protests.

Spain June 15 2011

Typically peaceful Vancouver, Canada has major riot

June 15 2011 same days…Vancouver Canucks fans watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, British Columbia, on Wednesday, June 15, 2011. Parked cars were set on fire, others were tipped over and people threw beer bottles at giant television screens following the Vancouver Canucks’ 4-0 loss to the Boston Bruins on Wednesday night in Game 7 of the Stanley Cup finals. (AP Photo/The Canadian Press – Geoff Howe)

This is what a mass protest looks and feels like, Yemen May 15 2011

Even China has Protests

More Riots – Greek

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

Greeks rage on austerity, aid deal seen delayed

Demonstrators confront riot police near the Greek parliament in Athens, June 15, 2011. REUTERS/John Kolesidis

On Wednesday June 15, 2011, 9:46 am EDT

By Renee Maltezou and Ingrid Melander

ATHENS (Reuters) – Tens of thousands of angry Greeks massed in front of parliament on Wednesday in a sign of rising opposition to austerity and European officials said a new rescue deal for Athens might be delayed until next month.

Rising risks to the Greek budget plans and signs of deep divisions over the role private creditors should play in a new aid package pushed the euro to a two-week low against the dollar and sent bond yields of peripheral euro states spiraling up.

Doubts about the bloc’s ability to solve its debt woes also hit European banking stocks.

Riots Increasing – As Part of the Cycle

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

Riots are increasing and violence world wide especially in the Middle East.  Here is a recent religious riot.

Rising food inflation has been sparking riots and violence across the Middle East and South Asia since beginning of the year demonstrators protesting the high cost of staple commodities like sugar, rice and milk.

Food prices are now at an all time high, and are trending higher, indicating that this may be only the beginning of the food riot problem.

It is expected that the riots will become more extreme over the next couple of years.

Activity Alert – Riots and Earthquakes Predictions

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

As you may be feeling, the earthquake activity is increasing and the magnitude as larger (above 7 and 8 in the richter scale).  The sun is doing its job.

This also applies to local city tensions that are getting released.  Riots are increasing and is expected to increase to larger ones.  In the local population concerned is likely due to economic pressures.  University students and single people are the most unstable ones and able to react.  Married people and women tend to be more stable.

We are monitoring university activities because riots need a large population to create significant reaction.  Here is a recent riot report from the University of California, Berkeley, known for its activist history.

Riots, Protests Consume University of California–Berkeley

March 02, 2010 02:09 PM ET | Jeff Greer

The University of California–Berkeley is known for its student activism, so it shouldn’t surprise anyone that students at the San Francisco Bay area school have been involved this week in protests and riots, both on and off campus.

The rioters and protesters have clashed with police, resulting in arrests, according to two Daily Californian reports. Five students were arrested Monday during the UC Student Association’s annual lobbying day in Sacramento. Police arrested two people off campus during riots in Berkeley early Friday morning.

On campus on Monday, roughly 200 people silently demonstrated to draw attention to racial tensions at Berkeley and across the UC system, the Daily Californian reports. The students sat in front of Berkeley’s Sather Gate before moving to California Hall to deliver a letter intended for UC–Berkeley President Robert Birgeneau. (Birgeneau wasn’t on campus.)

Such is the state of affairs at UC–Berkeley, where it seems distress is at an all-time high. The Daily Californian‘s editorial board writes about the tensions on campus in its March 2 editorial.

The state of California has been dealing with countless protests—some peaceful, some violent, some destructive—since the state’s university system raised fees 32 percent and slashed education funding. It only adds to the pressure Berkeley is already feeling when students are upset about perceptions of racial discrimination at schools within the UC system.

Improve the web with Nofollow Reciprocity.
Uses wordpress plugins developed by