Archive for April 30th, 2009
More Copper Reserves for China
Posted by: adonis49 on: April 30, 2009
More Copper Reserves for China (April 30, 2009)
The price of copper was forecasted to fall 20% this year in this economic recession but it increased 50% instead: China is willing to pay around $5,000 the ton of copper instead of buying more US Treasury Bonds. China has purchased 375,000 tons of copper in March and increasing each month. The Chinese Central Bank governor Xiaochuan view the US financial famine to a black hole since the US is about to print more dollars to paying the Chinese State, thus practically devaluing the US currency and reselling the Chinese more hot air. The Chinese are not about to re-value the Yuan before the US and the European Union restore credibility and confidence in the financial system.
Among the many industrial usage of copper is the manufacture of hybrid engines in cars that China is putting in its market. Italy has been promoting hybrid cars for a while and many more gas stations are filling methane gas. Methane does not emit carbon dioxide. The driver would start and accelerate on regular gas and then shift into methane combustion. As a matter of fact, the Green Peace advocates regards the European Union policy of selling carbon dioxides permits to the heavier polluters is not reducing the CO2 in the atmosphere. For example, Germany has reduced its polluting energy consumption by 15% by relying on Aeolians, solar panels, and biomass; thus, Germany would sell 15% reduction in pollution to Poland and Slovenia that are still relying on coal.
I read in a post the following information: 62% of the World’s copper is used for the production of small denomination coins such as the penny. 84% of small denomination coins are classed by the World’s Governments as missing – it is presumed that members of the public have stashed the coins as savings. On average, each person in the World has stashed $22.34 worth of copper in small denomination coins.
Goldman Sachs predicts that the GNP of China will surpass Japan by 2010 and the USA before 2030. India will surpass Japan by 2030 and become third after the USA. Brazil will be fifth after Japan in 2030.
China is using its two trillion dollars surplus to accumulating reserves in aluminum, zinc, nickel, titanium, indium and rhodium so that it may resume its industrial acceleration once the current crisis is stabilized. This policy of purchasing minerals instead of US Treasury Bonds is compatible with China recommendation of creating an international banknote indexed on the prices of a basket of raw materials as was proposed by John Maynard Keynes at Bretton Woods in 1944; the “bancor” of Keynes was based then on 30 raw materials.
I suggest in a previous post “The Third World War is Tolling” the folowing:
“First, the developed States have to agree on another tangible standard (like gold) for currencies. Gold would not do because the US has abolished it in 1967 because all the gold in the world could not sustain the huge amount of paper dollars circulating or intended to circulate around the world. The alternative is a basket of depleting minerals that are essentials for manufacturing and production. The processed minerals do not have to be rare but very essentials for development. The US can agree to this idea since it has huge reserves in many important minerals.
Second, all the States that can account for at least 3% of all curency circulation should join an “International Money Printing Council” with tight control and monitoring creteria. Any combined States with over 40% of cash money shares in the global market should have a veto power.
Failing a convincing and sustainable agreement for monetary stability the Third World War is altready in the planning stage as the easiest and quickest way out of that morass. Only in major wars do printed money with no tangible backing has mythical values. No, the next region for the war scene is not Iran: no European or US soldiers want to fight in this “cursed region”. It won’t be Afghanistan: if Afghanistan was worth it then Bush Junior would not have invaded Iraq before stabilizing Afghanistan. It won’t be North Korea: it is bordering China. The batlefield will not be in any area bordering Russia. It won’t be the Congo River zone: no Western soldiers is about to step in this infested and contagious disease plagued region with AIDS consuming 30% of the population. The next world war is in Sudan, this continent/State rich in oil and all kinds of minerals”.
Actually, Sudan is the focus of investment for China in the last two decades.
Minorities in the Process of Disappearing: Iraq Case (April 29, 2009)
Germany has selected over 2,500 minority refugees of Iraq from the concentration camps in Jordan and Syria to be given political asylum. These selected refugees are mostly minority Christians and some Kurds of the Yazidy denomination. The first batch is of 120 refugees. The first phase is the transit camp of Friedland, close to Gottingen, where the refugees undergo medical examination, learn the German Language, and dwell in austere furnished rooms, well heated with showers and toilet along the corridors. There is nothing to do within the transit camps and the best meeting period is at meal time. The next phase is assigning the refugees to districts and temporary residences until they find jobs. A refugee may apply to his preferred location but it up to the German government to assign him.
Beside formal refugees there are many adolescents (less than 18 of age) not accompanied by adults (about 5,000) who were whisked away by their parents outside Iraq, Afghanistan, and Eritrea “for better life opportunities”. These non accompanied adolescents land in one of eight camps reserved for minors. They are aided to depositing asylum applications, learning the German Language, and offered medical assistance. Half the minor refugees obtain residency permit and the other half are tolerated to stay 6 months and renewable. Then they are directed to youth foyers. At the age of 18 the adolescents can rejoin families who accept them in their homes.
There are over a dozen minorities of ethnic and religious sects in Iraq. The Christian minority sects were expulsed from the Byzantium Empire after the conclave of Necee (in current coastal Turkey) in 325 on grounds of “heresies”. Emperor Constantine had supposedly converted to Christianity in an empire that was “pagan” prevalently. Many of these Christian sects seek refuge on inaccessible mountains in Mount Lebanon and in regions outside the Byzantium Empire such as in Armenia, Iraq, and Iran. These sects managed to survive for two thousand years; the first 600 years they survived because the successive Persian Empires were lenient with religious beliefs; when Islam conquered Persia and the major part of the Byzantium Empire in Syria, Lebanon, Egypt and the eastern part of Turkey starting in the year of 640 these sects enjoyed the formal recognition and protection in verses of the Koran. The Prophet Muhammad named the Christian, Jewish, and Yazidy sects are believers in the One and Unique God Allah. The other main factor for their survival was avoiding daily mingling with the Moslems and deciding to be secluded in isolated communities: They had their particular traditions and religious laws and they preferred to keep low profiles.
Many of these sects have their own verbal and written languages and have their literature. For example, the Sabi2a sect writes in “mandaic”, a language mingling Aramaic and ancient Sumerian. The Sabe2a (baptismal) revere John the Baptist and had communities by the Tigre River south of current Baghdad and wore white robes and had Spartans daily customs of avoiding meat and fire for cooking. They were around 30,000 and are now reduced to around 6,000. Among these minorities we have the Assyro-Chaldean sect and the Kurdish Yazidy sect who are remnants of the Zoroaster religion.
The regime of Saddam Hussein protected and even favored many of the Christian sects. As the US invaded Iraq, al hell broke loose; the extremist Sunni Moslems (Arabs and Kurds) waged campaigns of terrorism and extermination against these minorities. Finally, Sweden permitted many minorities who mainly fled to Syria to apply for asylum.
Adonis Diaries 