by F. William Engdahl

A secret study by the World Bank, which reportedly has not been made public on pressure from the Bush Administration, concludes that bio-fuel cultivation in especially the USA and EU are directly responsible for the current explosion in grain and food prices worldwide. The US Government at the recent Rome UN Food Summit claimed that “only 3% of food prices” were due to bio-fuels. The World Bank secret report says that at least 75% of the recent price rises are due to land being removed from agriculture—mainly maize in North America and rapeseed and corn in the EU—in order to grow crops to be burned for vehicle fuel. The World Bank study confirms what we wrote more than a year ago about the madness of bio-fuels. It fits the agenda described in the 1970’s by Henry Kissinger, namely, ‘If you control the food you control the people.’

According to the London Guardian newspaper which has been given a copy of the suppressed report, the World Bank study was completed in April, well before the June Rome Food Summit, but was deliberately suppressed as “embarrassing to the position of the Bush Administration.” The President of the World Bank, Robert Zoellick, is a former top Bush Administration official. Washington is trying to use a crisis which its bio-fuel subsidies created, since a new Farm bill passed in 2005, to advance the spread of Genetically Manipulated Organisms such as GMO maize, soybeans, rice and other crops patented by Monsanto and other “gene giants.”

Their strategy is to use the explosive rise in grain prices worldwide, a rise fuelled by hedge funds and troubled US and European banks and investment funds pouring billions of dollars into speculation that grain prices will continue to soar. In other words, the food “crisis” is a crisis of speculation in food futures. The planned EU and USA bio-fuel acreage quotas and the periodic droughts and floods in key growing regions such as the USA Midwest then provide backdrop for speculative price run-ups. But the main driver is that tens of millions of hectares of prime agriculture land in the world’s two largest food export regions—the USA and the EU– are being permanently removed from food production in order to grow raw material to be burned for vehicle fuel.

Full Report HERE

(extract)
Dear Colleagues,

Of course with the grace of God Almighty a hopeful trend is flourishing in the heart and soul of human societies. The universal eagerness for justice, purity, and love for others, monotheism and the quest for perfection is clearly and increasingly on the rise. A universal resistance against the acquisitiveness, aggression and selfishness of the bullying powers is being formed.

Today, the bullying powers’ thoughts, practices and strategies are rejected by nations and governments, and all are seeking to establish new human relations based on justice with a view to attain prosperity, perfection, security, and sustainable welfare. This is the very auspicious phenomenon that all the traditions of creation and the ruling laws of the universe emphasize and support

Fortuitously, opportunities are accessible. With the grace of God Almighty, the existing pillars of the oppressive system are crumbling. Great developments in favor of humankind as well as its true and real rights are on the way. A golden and brilliant future is awaiting mankind.
A global community filled with justice, friendship, brotherhood and welfare is at hand, as I have elaborated.

A community which will tread the path of beauty and love under the rule of the righteous and perfect human being, the One promised by all divine prophets and the One who is the true lover of humanity. A community that will be devoid of any fear, despair and privation. Such a community will soon be ours. The community promised by the great divine Prophets Noah, Abraham, Moses, Jesus Christ and Mohammad (PBUH) is about to materialize.

Full Speech Here - Worth Reading

Treasury Pulled the Number Out of Thin Air

You know the $700 billion price tag of the proposed bailout? Treasury pulled that number out of thin air.

As Forbes writes:

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
Forbes.com

***Exclusive spycam video of Treasury meeting***

ALMOST ARMAGEDDON

MARKETS WERE 500 TRADES FROM A MELTDOWN

The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The NY Post.

Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.

According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening. The total money-market capitalization was roughly $4 trillion that morning.

The panicked selling was directly linked to the seizing up of the credit markets - including a $52 billion constriction in commercial paper - and the rumors of additional money market funds “breaking the buck,” or dropping below $1 net asset value.

The Fed’s dramatic $105 billion liquidity injection on Thursday (pre-market) was just enough to keep key institutional accounts from following through on the sell orders and starting a stampede of cash that could have brought large tracts of the US economy to a halt.

While many depositors treat money market accounts as fancy savings accounts, they are different. Banks buy a variety of short-term debt, including commercial paper, with the assets. It is an important distinction because banks use the $1.7 trillion commercial-paper market to fund their credit card operations and car finance companies use it to move autos.

Without commercial paper, “factories would have to shut down, people would lose their jobs and there would be an effect on the real economy,” Paul Schott Stevens, of the Investment Company Institute, told the Wall Street Journal.

Rest of article Here