<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Virtual Issues</title>
	<atom:link href="http://virtualissues.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://virtualissues.com</link>
	<description>Exploring Current Social Issues</description>
	<lastBuildDate>Fri, 23 Dec 2011 00:13:14 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
		<item>
		<title>WAZZUB is a Brilliant Concept; It has NEVER Been Done Before</title>
		<link>http://virtualissues.com/2011/12/23/wazzub-is-a-brilliant-concept-it-has-never-been-done-before/</link>
		<comments>http://virtualissues.com/2011/12/23/wazzub-is-a-brilliant-concept-it-has-never-been-done-before/#comments</comments>
		<pubDate>Fri, 23 Dec 2011 00:13:14 +0000</pubDate>
		<dc:creator>MichaelKing</dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[social network]]></category>
		<category><![CDATA[WAZZUB]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/12/23/wazzub-is-a-brilliant-concept-it-has-never-been-done-before/</guid>
		<description><![CDATA[Hello Everyone, I hope you all have a happy wonderful Christmas and to help you into the new year here is something that is free. Join for free, no work to do, tell your friends and get Paid This looks like the &#8220;next Google&#8221; &#38; only needs your email address for initial registration. To get [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">Hello Everyone,</span></span></span></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">I hope you all have a happy wonderful Christmas and to help you into the new year here is something that is free.</span></span></span></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">Join for free, no work to do, tell your friends and get Paid</span></span></span></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">This looks like the &#8220;next Google&#8221; &amp; only needs your email address for initial registration.</span></span></span></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">To get </span></span></span><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small"><strong>pre-release access </strong></span></span></span><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">then please use this link which will then allow you to create &amp; share your own link; where your link id comes up on the web-page as soon as you enter your email address a copy of your own link id will be sent to your nominated email as well: </span></span></span><a href="http://signup.wazzub.info/?lrRef=lzEmH"><span style="color: #1155cc"><span style="font-family: Arial,sans-serif"><span style="font-size: small">http://signup.wazzub.info/?lrRef=lzEmH</span></span></span></a></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">The more people you or your referred people connect then the higher percentage profit share you get from their future advertising revenue. At the time of this email, the item had only recently activated and worldwide only around 5,000 people have registered.</span></span></span></p>
<p><span style="color: #222222"><span style="font-family: arial,sans-serif"><span style="font-size: small">More information is available from this link &amp; registration is free &amp; only requires your email address.</span></span></span></p>
<p><a href="http://www.wazzub.info/facts.htm" target="_blank"><span style="color: #339999"><span style="font-family: arial,sans-serif"><span style="font-size: small">http://www.wazzub.info/facts.htm</span></span></span></a></p>
<p><span style="color: #800000">EXTREMELY IMPORTANT &#8211; PLEASE READ:</span></p>
<p>WAZZUB is a Brilliant Concept; It has NEVER Been Done Before</p>
<p>It is not MLM (multi-level marketing) – WAZZUB is very special!</p>
<p>No other company has ever offered 50% of all its profits to those people who join for F*R*E*E and stay F*R*E*E. WE ARE IN A CLASS BY ITSELF.</p>
<p>WAZZUB is a multi-billion dollar project. It has been in the making since 2007 with over $2,000,000 already invested.</p>
<p>It’s the new Perfect Internet Phenomenon; it&#8217;s here to stay and you are one of the first in the world to know about it. So, it&#8217;s very important to understand what you have in your hands.</p>
<p>TIMING IS EVERYTHING</p>
<p>Enter your email address a copy of your own link id will be sent to your nominated email as well: <a href="http://signup.wazzub.info/?lrRef=lzEmH">http://signup.wazzub.info/?lrRef=lzEmH</a></p>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/12/23/wazzub-is-a-brilliant-concept-it-has-never-been-done-before/&title=WAZZUB+is+a+Brilliant+Concept%3B+It+has+NEVER+Been+Done+Before&text=Hello+Everyone%2C+I+hope+you+all+have+a+happy+wonderful+Christmas+and+to+help+you+into+the+new+year+here+is+something+that+is+free.&tags=your+email%2C+email%2C+wazzub" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/12/23/wazzub-is-a-brilliant-concept-it-has-never-been-done-before/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Blue Gold : World Water Wars</title>
		<link>http://virtualissues.com/2011/12/17/blue-gold-world-water-wars/</link>
		<comments>http://virtualissues.com/2011/12/17/blue-gold-world-water-wars/#comments</comments>
		<pubDate>Sat, 17 Dec 2011 19:03:32 +0000</pubDate>
		<dc:creator>MichaelKing</dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[Water]]></category>
		<category><![CDATA[Blue]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[water wars]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/12/17/blue-gold-world-water-wars/</guid>
		<description><![CDATA[Award-winning featured documentary narrated by Malcolm McDowell. Global Warming is an issue of &#8216;how&#8217; we live, the water crisis is an issue of &#8216;if&#8217; we live. DVD at http://www.bluegold-worldwaterwars.com]]></description>
			<content:encoded><![CDATA[<p>Award-winning featured documentary narrated by Malcolm McDowell. Global Warming is an issue of &#8216;how&#8217; we live, the water crisis is an issue of &#8216;if&#8217; we live. DVD at<a title="BlueGold World Water Wars" href="http://www.bluegold-worldwaterwars.com" target="_blank"> http://www.bluegold-worldwaterwars.com</a></p>
<p><a href="
<p><a href="http://www.youtube.com/watch?v=Ikb4WG8UJRw">www.youtube.com/watch?v=Ikb4WG8UJRw</a></p>
<p> Blue Gold</a></p>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/12/17/blue-gold-world-water-wars/&title=Blue+Gold+%3A+World+Water+Wars&text=Award-winning+featured+documentary+narrated+by+Malcolm+McDowell.+Global+Warming+is+an+issue+of+%26%238216%3Bhow%26%238217%3B+we+live%2C+the+water+crisis+is+an+issue+of+%26%238216%3Bif%26%238217%3B+we+live.+DVD+at...&tags=" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/12/17/blue-gold-world-water-wars/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chinese yuan a currency of the future</title>
		<link>http://virtualissues.com/2011/12/16/chinese-yuan-a-currency-of-the-future/</link>
		<comments>http://virtualissues.com/2011/12/16/chinese-yuan-a-currency-of-the-future/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 03:28:19 +0000</pubDate>
		<dc:creator>MichaelKing</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/12/16/chinese-yuan-a-currency-of-the-future/</guid>
		<description><![CDATA[Chinese yuan a currency of the future Thursday, 15 December 2011 16:15 THE year 2025 will see the Chinese economy overtake the US economy, though the average Chinese will still be four times poorer than the average American. The Chinese economy, however, will continue to power along as Latin America and Africa also continue to [...]]]></description>
			<content:encoded><![CDATA[<table>
<tbody>
<tr>
<td width="100%">Chinese yuan a currency of the future</td>
<td align="right" width="100%"></td>
<td align="right" width="100%"></td>
<td align="right" width="100%"></td>
</tr>
</tbody>
</table>
<table>
<tbody>
<tr>
<td valign="top">Thursday, 15 December 2011 16:15</td>
</tr>
<tr>
<td valign="top">THE year 2025 will see the Chinese economy overtake the US economy, though the average Chinese will still be four times poorer than the average American. The Chinese economy, however, will continue to power along as Latin America and Africa also continue to enlarge their share of Chinese imports and exports.<br />
There is no doubt that, should China navigate its political landscape well, the yuan is the currency of the future. And more importantly Chinese banks might be willing to extend loans in this currency.<br />
Perhaps this is what Reserve Bank governor Gideon Gono means by suggesting that the prevailing multi-currency system be restructured by replacing the United States dollar with the Chinese yuan.<br />
He might feel that with sufficient praise singing, the Chinese might settle our crippling US$7 billion debt to the West in exchange for a yuan-denominated one and other concessions on the raw material front.<br />
From a Zanu PF perspective, it may be a way out of our inability to raise funds elsewhere. It has some merit; if only we were credible borrowers even in the eyes of the Chinese.<br />
Eric Bloch’s article “No tothe Chinese yuan” (Zimbabwe Independent, December 9) against the yuan is more driven by emotion than by trends, over the last few decades, on the ground.<br />
At the end of the day gold reserves in our own central bank are the fail-safe way of guarding the national savings for a rainy day. The rest of the currencies, as both Gono and Bloch agree, are just a casino.</p>
<p>&nbsp;</p>
<p>The Spectator,<br />
Harare.</td>
</tr>
</tbody>
</table>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/12/16/chinese-yuan-a-currency-of-the-future/&title=Chinese+yuan+a+currency+of+the+future&text=+++Chinese+yuan+a+currency+of+the+future++++++++++Thursday%2C+15+December+2011+16%3A15+++THE+year+2025+will+see+the+Chinese+economy+overtake+the+US+economy%2C+though+the+average+Chinese+will+still+be+four...&tags=chinese" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/12/16/chinese-yuan-a-currency-of-the-future/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Carriers Admit to Installing Hidden App</title>
		<link>http://virtualissues.com/2011/12/16/carriers-admit-to-installing-hidden-app/</link>
		<comments>http://virtualissues.com/2011/12/16/carriers-admit-to-installing-hidden-app/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 00:24:59 +0000</pubDate>
		<dc:creator>MichaelKing</dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[Terrorism]]></category>
		<category><![CDATA[cellphones]]></category>
		<category><![CDATA[gather intelligence]]></category>
		<category><![CDATA[hidden application]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/12/16/carriers-admit-to-installing-hidden-app/</guid>
		<description><![CDATA[Carriers Admit to Installing Hidden App Friday 2 December 2011 by: Josh Levy, Save the Internet [3] &#124; Report The cellphone spying saga is heating up. On Friday, Rep. Ed Markey joined Sen. Al Franken in demanding answers [4] from Carrier IQ, the company that has worked with mobile carriers to install a hidden application that has the ability to secretly [...]]]></description>
			<content:encoded><![CDATA[<h2>Carriers Admit to Installing Hidden App</h2>
<div>Friday 2 December 2011</div>
<div>by: Josh Levy, <a href="http://www.savetheinternet.com/blog/11/12/02/carriers-admit-installing-hidden-app">Save the Internet</a> [3] | Report</div>
<div>
<div>
<p>The cellphone spying saga is heating up.</p>
<p>On Friday, Rep. Ed Markey joined Sen. Al Franken in <a href="http://www.politico.com/morningtech/" target="_blank">demanding answers</a> [4] from Carrier IQ, the company that has worked with mobile carriers to install a hidden application that has the ability to secretly track nearly everything users do — including the keys they press, the numbers they dial and the websites they visit — on more than 140 million cellphones. Researcher Trevor Eckhart uncovered the secret app.</p>
<p>Rep. Ed Markey has asked the Federal Trade Commission to investigate Carrier IQ.</p>
<p>News about the issue has spread like wildfire, and every tech blog worth its salt is <a href="http://techmeme.com/" target="_blank">on the case</a> [5]. Here are a few updates that have come in since we first dug into this issue Thursday:</p>
<p>AT&amp;T and Sprint have admitted to <a href="http://www.theverge.com/mobile/2011/12/1/2604327/att-samsung-carrier-iq/in/2365736" target="_blank">installing Carrier IQ’s software on their phones</a> [6].</p>
<p>The Wall Street Journal’s tech blog AllThingsD spoke to Larry Lenhart and Andrew Coward, Carrier IQ’s CEO and VP of marketing, whose<a href="http://allthingsd.com/20111201/carrier-iq-speaks-our-software-monitors-service-messages-ignores-other-data/" target="_blank"> carefully scripted responses </a>[7]left a lot to be desired. “The software receives a huge amount of information from the operating system,” Lenhart said. “But just because it receives it doesn’t mean that it’s being used to gather intelligence about the user or passed along to the carrier.” In other words, Carrier IQ has the ability to track nearly everything you’re doing, but it doesn’t necessarily do anything with all that info. Why should we trust this company to do the right thing?<br />
Also of interest is how Lenhart and Coward passed the buck on to the carriers. They’re essentially saying, “We just provide the tools to spy on you. The carriers decide how they want to use them.”</p>
<p>HTC (the maker of the phone that Eckhart used to expose Carrier IQ) <a href="http://www.theverge.com/2011/12/1/2603544/htc-says-it-doesnt-receive-data-from-carrier-iq-investigating-ways-to" target="_blank">claims it doesn’t receive data </a>[8]from Carrier IQ. Nevertheless, HTC and Samsung got <a href="http://paidcontent.org/article/419-samsung-and-htc-hit-by-wiretapping-lawsuit-over-tracking-software/" target="_blank">hit with a lawsuit </a>[9]claiming that, as others have suggested, the software <a href="http://www.forbes.com/sites/andygreenberg/2011/11/30/phone-rootkit-carrier-iq-may-have-violated-wiretap-law-in-millions-of-cases/" target="_blank">violates laws against wiretapping</a> [10]).</p>
<p>Free Press is continuing to press Congress and the Justice Department to <a href="http://act2.freepress.net/sign/carrier_IQ/?source=HuffPo" target="_blank">investigate Carrier IQ</a> [11].</p>
<p>People are tired of these unwarranted, unannounced intrusions into their online lives. As Sophos analyst Chester Wisniewski <a href="http://www.pcmag.com/article2/0,2817,2397156,00.asp" target="_blank">put it</a>[12], “the community is becoming fed up with being spied upon, our personal lives and habits being invaded through secret programs and increasingly complicated and confusing privacy statements.”</p>
<p>JOSH LEVY</p>
<p>Josh Levy is the Internet Campaign Director for Free Press and the Free Press Action Fund. He was formerly the managing editor of Change.org, a social action site, and was a frequent commentator on the use of technology in the 2008 election as associate editor of techPresident and the Personal Democracy Forum.</p>
<p>Link to original article:</p>
<p><a href="http://www.truth-out.org/carriers-admit-installing-hidden-app/1323187523">http://www.truth-out.org/carriers-admit-installing-hidden-app/1323187523</a></p>
</div>
</div>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/12/16/carriers-admit-to-installing-hidden-app/&title=Carriers+Admit+to+Installing+Hidden+App&text=Carriers+Admit+to+Installing+Hidden+App+Friday+2+December+2011+by%3A+Josh+Levy%2C%26%23160%3BSave+the+Internet%26%23160%3B%5B3%5D%26%23160%3B%7C+Report+++The+cellphone+spying+saga+is+heating+up.+On+Friday%2C+Rep.&tags=josh+levy%2C+carrier%2C+press" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/12/16/carriers-admit-to-installing-hidden-app/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Military Detention Versus We the People</title>
		<link>http://virtualissues.com/2011/11/29/military-detention-versus-we-the-people/</link>
		<comments>http://virtualissues.com/2011/11/29/military-detention-versus-we-the-people/#comments</comments>
		<pubDate>Tue, 29 Nov 2011 00:46:58 +0000</pubDate>
		<dc:creator>MichaelKing</dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[- Senator Carl Levin (D-Mich.)]]></category>
		<category><![CDATA[Military Detention]]></category>
		<category><![CDATA[National Defense Authorization Act]]></category>
		<category><![CDATA[Senator John McCain (RAriz.0]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/11/29/military-detention-versus-we-the-people/</guid>
		<description><![CDATA[Military Detention Versus We the People Sunday 27 November 2011 by: Shahid Buttar, Truthout &#124; News Analysis Congress has a deserved reputation for cluelessness. Our leaders have a habit of ignoring real crises like housing, education, mass incarceration, and climate change, while contriving distractions like the budget debate that essentially froze Washington, DC for the [...]]]></description>
			<content:encoded><![CDATA[<h2>Military Detention Versus We the People</h2>
<div>Sunday 27 November 2011</div>
<div>by: Shahid Buttar, Truthout | News Analysis</div>
<div>
<p>Congress has a deserved reputation for cluelessness. Our leaders have a habit of ignoring real crises like housing, education, mass incarceration, and climate change, while contriving distractions like the budget debate that essentially froze Washington, DC for the past year.</p>
<p>In 2010, the Tea Party rejected the legitimacy of the DC debate, paving the way for the Occupy movement to do the same in 2011. And while those contrasting movements may compete on many issues, they share in common a rejection of Washington’s political establishment.</p>
<p>On Monday, the Senate will grapple with Congress’ latest bipartisan foolishness, the <a href="http://armed-services.senate.gov/press/SASC%20NDAA%20Markup%2002%2011-15-11.pdf" target="_blank">National Defense Authorization Act</a>. Ironically opposed by both the White House and the Pentagon, it would expand preventive and arbitrary detention beyond Guantánamo Bay and the CIA’s shuttered black sites, importing it into the domestic United States.</p>
<p>The Senate Armed Services Committee, led by Senators Carl Levin (D-Michigan) and John McCain (R-Arizona), approved the bill despite its provisions for military detention of any suspect (even those apprehended within the United States) accused (not proven) of involvement in any terror-related offense. Presumably, military detention would include those accused of offenses as innocuous as &#8220;lying to a federal agent,&#8221; unrelated to actual terrorism yet classified as terror-related.</p>
<p>The most glaring problem with the committee&#8217;s legislation is its violation of our nation’s most fundamental values shared across our political spectrum.</p>
<p>First, the committee’s proposal accepts prosecutors as the arbiters of guilt. We have courts in America to check executive power.  Impartial judges limit over whom the state may exercise its coercive power to deny freedom.  We don’t trust prosecutors to make those decisions, because we presume innocence. Being considered &#8220;innocent until proven guilty&#8221; is a bedrock constitutional norm, a cornerstone in the edifice our Founders constructed to defend freedom from the potential tyranny that Levin &amp; McCain casually invite.</p>
<p>On the one hand, racial and ethnic profiling in the wars on drugs, immigrants, and terror have already shredded the presumption of innocence. Millions of Americans routinely treated as presumptively guilty due to their race or ethnicity have been subjected to illegitimate prison sentences or deportation. But at least those cases involve a judicial process of some kind.</p>
<p>A separate fundamental principle restrains the military from operating domestically. Levin and McCain invite domestic military deployment.</p>
<p>Beyond its blatant violation of fundamental American principles, Levin and McCain also play loose with the system. Their bill passed the Armed Services Committee essentially in secret, without even a single hearing on their radical and seemingly Soviet-inspired proposal.</p>
<p>Moreover, their committee overstepped its jurisdiction, invading the spheres of the Judiciary and Intelligence Committees. Senators Patrick Leahy (D-Vermont) and Dianne Feinstein (D-California), who chair those committees, <a href="http://www.feinstein.senate.gov/public/index.cfm/press-releases?ID=d5f1339a-44cc-4e09-86e5-c961d9c30b13" target="_blank">raised their voices in protest</a>&#8211;and Senator Mark Udall (D-Utah) introduced an amendment that would reverse Levin-McCain’s detention provisions. Even within a single, insular, tone deaf political party, the left and right hands actively work at cross purposes.</p>
<p>Republican complicity in Sino-Chinese inspired security policies, like the Patriot Act, is by now well established.  The support from some Democrats for this proposal, however, reflects what is wrong with Washington&#8211;beyond policy.</p>
<p>In every election cycle since 1998, the electorate has loudly demanded to &#8220;throw the bums out.&#8221; In 2008, We the People rejected the Bush administration&#8217;s War on Terror to choose a candidate who, inspired by our Founders, pledged instead to &#8220;reject the false choice between liberty and security.&#8221; Congressional Democrats doubling down on Bush era abuses betray their own supporters.</p>
<p>We live in a nation where, apparently, we enjoy no electoral alternative to human rights abuses. Will the real Americans please stand up?</p>
<p>Even worse than the betrayal of Democrats, however, is the betrayal of Congress&#8211;by itself. Our Founders dedicated the Constitution’s first Article to Congress, to reflect its primacy after our revolution against a unilateral monarchy.  The central theme of the Constitution is its system of checks &amp; balances to limit executive power and prevent tyranny.</p>
<p>But rather than resist executive power, today’s congressional leaders actively expand it. Over the past decade, Congress has granted presidents from both political parties every power they have sought: the power to eavesdrop en masse on every American household without individualized suspicion, the power to ignore the Nuremberg principle and torture with impunity, the power to initiate unilateral war, and more.</p>
<p>Levin-McCain is substantively, procedurally, and structurally even worse: It actively outflanks the executive, granting powers that neither the White House nor the Pentagon want, and have even pledged to resist. Madison and Jefferson would each roll in their graves at Congress betrayal of their legacy.</p>
<p>The one positive aspect to Levin-McCain’s essentially Soviet proposal is the hope it offers to inspire unity among Americans. There may yet remain principles, even if merely as meager as the right to trial, on which we all can agree.</p>
<p>Torn between the Tea Party, Occupy Wall Street movement and alienated moderates, much of America shares a rejection of Washington&#8217;s habitual foolishness. And with these competing movements having already organized and mobilized so many diverse Americans, there has been no better time to <a href="http://bordc.org/action/">come together</a>.</p>
<p>This work by Truthout is licensed under a <a href="http://creativecommons.org/licenses/by-nc/3.0/us/" rel="license">Creative Commons Attribution-Noncommercial 3.0 United States License</a>.</div>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/11/29/military-detention-versus-we-the-people/&title=Military+Detention+Versus+We+the+People&text=Military+Detention+Versus+We+the+People+Sunday+27+November+2011+by%3A+Shahid+Buttar%2C+Truthout+%7C+News+Analysis++Congress+has+a+deserved+reputation+for+cluelessness.&tags=our+founders%2C+their%2C+power%2C+those%2C+detention%2C+military" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/11/29/military-detention-versus-we-the-people/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bernanke is Wrong, Gold is Money</title>
		<link>http://virtualissues.com/2011/07/13/bernanke-is-wrong-gold-is-money/</link>
		<comments>http://virtualissues.com/2011/07/13/bernanke-is-wrong-gold-is-money/#comments</comments>
		<pubDate>Wed, 13 Jul 2011 17:49:26 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Federal]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[quantitative easing]]></category>
		<category><![CDATA[Reserve]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/07/13/bernanke-is-wrong-gold-is-money/</guid>
		<description><![CDATA[It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation.]]></description>
			<content:encoded><![CDATA[<div><span style="font-family: Arial;font-size: medium">Federal Reserve Chairman Ben Bernanke today said that the Federal Reserve is prepared to act with an additional round of quantitative easing if there is any weakening of the U.S. economy and threat of deflation. Bernanke also said that the Fed could act in other ways to stimulate the economy, such as cutting the interest rate that the Fed pays to banks on their $1.5 trillion in excess reserves that they currently keep parked at the Fed. NIA believes this $1.5 trillion alone would multiply into $15 trillion once it circulates through the U.S. economy and if Bernanke on top of that unleashes any additional quantitative easing, it will just about guarantee hyperinflation. Bernanke has made it very clear that he is prepared to print money until the U.S. dollar becomes worthless and the incomes and savings of all U.S. citizens are destroyed.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">Ron Paul today asked Bernanke whether or not he watches the price of gold and if he thinks gold is money. Although Bernanke admitted that he does watch the price of gold, Bernanke said that gold is not money, but it is only an asset. Bernanke explained that central banks only hold gold as a &#8220;tradition&#8221;. The truth is, gold has been accepted as money throughout all civilizations over periods of thousands of years. Bernanke doesn&#8217;t want U.S. citizens to wake up and realize that they can opt-out of the criminal Federal Reserve system if they get rid of their U.S. dollars and store all of their wealth in gold and silver. To see a video of Ron Paul&#8217;s exchange today with Bernanke, simply visit our blog at: <a href="http://inflation.us/blog/2011/07/video-of-ron-paul-asking-bernanke-if-gold-is-money/" target="_blank">http://inflation.us/blog/2011/07/video-of-ron-paul-asking-bernanke-if-gold-is-money/</a><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">The U.S. Constitution defined gold as legal tender and the current fiat currency system we have today where Bernanke can steal from the purchasing power of the poor and middle-class and redistribute this wealth to his banker friends on Wall Street is unconstitutional, immoral, and illegal. The U.S. dollar originally only had purchasing power because it was backed by gold. Today, the U.S. dollar is a fiat currency that is backed by nothing. Any remaining purchasing power the U.S. dollar still has is just an illusion and will soon evaporate due to Bernanke&#8217;s actions.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">In order for an item to function as money, it should be liquid and easily tradable, easily transportable, and durable. It should be divisible into smaller units without destroying its value and should also be fungible, meaning one unit of equal weight must be equivalent to another (which is why diamonds can&#8217;t be used as money). The item must also be a specific weight, measure, or size, so that it is easy to count. It must be long lasting, durable, and not perishable or subject to decay (which is why food items can&#8217;t be used as money).</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">Money must be easily recognizable and most importantly, it must be difficult to counterfeit. The U.S. dollar simply isn&#8217;t real money because Bernanke has been counterfeiting trillions of dollars out of thin air. Money shouldn&#8217;t require a mark or image to be valuable, but it should just be valuable based on weight and measure. Gold is valuable based on its weight and measure, and fits all of these other qualities and characteristics as well. Never do people explore shipwrecks hoping to discover U.S. dollars, because dollars that Bernanke can print at will even if they could survive the corrosion of the ocean, simply won&#8217;t have any purchasing power left by the time explorers can locate them. People explore shipwrecks for gold, because it will last underwater for thousands of years and always retain its value.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">When Zimbabwe&#8217;s President Robert Mugabe ordered their central bank to implement exactly the same monetary policies that Bernanke has been ordered to implement here in the U.S., the Zimbabwe dollar became worthless and Zimbabweans were forced to pan their rivers for gold. Citizens of Zimbabwe who were able to find 0.1 gram of gold after a long hard day&#8217;s work of shifting through thousands of buckets full of mud, were able to take that 0.1 gram of gold and exchange it for a loaf of bread. Those who were too old or weak to pan for gold simply couldn&#8217;t afford food and starved to death.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">NIA recommends to all U.S. citizens that they read this eHow article about homemade gold panning:<a href="http://www.ehow.com/how_7763218_homemade-gold-panning.html" target="_blank">http://www.ehow.com/how_7763218_homemade-gold-panning.html</a> This is a skill all Americans will need to have in order to survive hyperinflation. Unfortunately, unlike in Zimbabwe, most gold in U.S. rivers has already been explored for, so Americans might not be as lucky as Zimbabweans.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">In order for an asset to be considered money, its supply must be kept scarce. Bernanke has spent a total of $4.7 trillion since the financial crisis of late-2008, which has flooded the world with excess liquidity of U.S. dollars and led to massive inflation in the prices of food and energy, the two items that Americans need most to live and survive. The inflation problems in China are a direct result of their currency peg to the U.S. dollar and willingness to accept the dollars we print in return for the real goods they produce. As soon as the Chinese central bank decides to end their currency peg, China&#8217;s currency will increase in purchasing power and all of the monetary inflation the U.S. has exported to them will flow back to the U.S. like a giant tsunami.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">Ron Paul today pointed out exactly what we said in our last article. Since the last Presidential election about three years ago, the U.S. dollar has lost about half of its purchasing power priced in gold. Although the U.S. government&#8217;s Bureau of Labor Statistics (BLS) has reported only 2% annual price inflation over the past three years, when you account for how the U.S. government used to calculate price inflation before the implementation of hedonics and quantitative easing, annual price inflation has actually been closer to 9%. Soon when price inflation begins spiraling out of control, Bernanke will be forced to raise the Fed Funds Rate north of 10%, which will cause our interest payments on the national debt to soar to over $1 trillion per year. The U.S. government will then need to immediately end Social Security, Medicare, Medicaid, and all other entitlement programs, to have any chance of survival.</span></div>
<div><span style="font-family: Arial;font-size: medium"><br />
</span></div>
<div><span style="font-family: Arial;font-size: medium"> </span></div>
<div><span style="font-family: Arial;font-size: medium">It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at:<a href="http://inflation.us/" target="_blank">http://inflation.us</a></span></div>
<p>&nbsp;</p>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/07/13/bernanke-is-wrong-gold-is-money/&title=Bernanke+is+Wrong%2C+Gold+is+Money&text=Federal+Reserve+Chairman+Ben+Bernanke+today+said+that+the+Federal+Reserve+is+prepared+to+act+with+an+additional+round+of+quantitative+easing+if+there+is+any+weakening+of+the+U.S.&tags=purchasing+power%2C+gold+and%2C+quantitative+easing%2C+bernanke%2C+money%2C+inflation%2C+dollar%2C+their" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/07/13/bernanke-is-wrong-gold-is-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monsanto and Gates Foundation Push GE Crops on Africa</title>
		<link>http://virtualissues.com/2011/07/12/monsanto-and-gates-foundation-push-ge-crops-on-africa/</link>
		<comments>http://virtualissues.com/2011/07/12/monsanto-and-gates-foundation-push-ge-crops-on-africa/#comments</comments>
		<pubDate>Tue, 12 Jul 2011 22:37:09 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Food]]></category>
		<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Gates Foundation]]></category>
		<category><![CDATA[GE Crops]]></category>
		<category><![CDATA[Monsanto]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/07/12/monsanto-and-gates-foundation-push-ge-crops-on-africa/</guid>
		<description><![CDATA[Skimming the Agricultural Development section of the Bill and Melinda Gates Foundation web site [5] is a feel-good experience: African farmers smile in a bright slide show of images amid descriptions of the foundation's fight against poverty and hunger. But biosafety activists in South Africa are calling a program funded by the Gates Foundation a "Trojan horse" ]]></description>
			<content:encoded><![CDATA[<div>Tuesday 12 July 2011</div>
<div>by: Mike Ludwig, Truthout | Report</div>
<div><img src="http://virtualissues.com/wp-content/uploads/2011/07/071211ludwig.jpg" alt="" width="240" /></p>
<div>
<p>Joel Mbithi (left), farm manager of the Kenya Agricultural Research Institute&#8217;s Kiboko Research Station, and Yoseph Beyene, CIMMYT maize breeder, discuss experimental plots. They are developing drought tolerant top-cross hybrids as part of the Water Efficient Maize for Africa (WEMA) project. This is run by the African Agricultural Technology Foundation (AATF) in partnership with Monsanto and CIMMYT, which supplies germplasm and expertise. (Photo: <a href="http://www.flickr.com/photos/cimmyt/5114494399/" target="_blank">Anne Wangalachi/CIMMYT.</a> [3])</p>
</div>
</div>
<div>
<p><a href="https://members.truth-out.org/bgift20-gift/choose-type-donation" target="_blank">&#8220;The World According to Monsanto,&#8221; a groundbreaking documentary on this insidious company&#8217;s massive influence, was a recent Truthout Progressive Pick of the Week. Get the DVD by making a donation of $30 or more to Truthout!</a> [4]</p>
<div>
<p>Skimming the Agricultural Development section of the Bill and Melinda Gates Foundation <a href="http://www.gatesfoundation.org/agriculturaldevelopment/Pages/default.aspx" target="_blank">web site</a> [5] is a feel-good experience: African farmers smile in a bright slide show of images amid descriptions of the foundation&#8217;s fight against poverty and hunger. But biosafety activists in South Africa are calling a program funded by the Gates Foundation a &#8220;Trojan horse&#8221; to open the door for private agribusiness and genetically engineered (GE) seeds, including a drought-resistant corn that Monsanto hopes to have approved in the United States and abroad.</p>
<p>The Water Efficient Maize for Africa (WEMA) <a href="http://www.monsanto.com/ourcommitments/Pages/water-efficient-maize-for-africa.aspx" target="_blank">program</a> [6]  was launched in 2008 with a $47 million grant from mega-rich philanthropists <a href="http://www.gatesfoundation.org/leadership/Pages/warren-buffett.aspx" target="_blank">Warrant Buffet</a> [7] and Bill Gates. The program is supposed to help farmers in several African countries increase their yields with drought- and heat-tolerant corn varieties, but a report released last month by the <a href="http://www.biosafetyafrica.org.za/" target="_blank">African Centre for Biosafety</a> [8] claims WEMA is threatening Africa&#8217;s food sovereignty and opening new markets for agribusiness giants like Monsanto.</p>
<p>The Gates Foundation claims that biotechnology, GE crops and Western agricultural methods are needed to feed the world&#8217;s growing population and programs like WEMA will help end poverty and hunger in the developing world. Critics say the foundation is using its billions to shape the global food agenda and the motivations behind WEMA were recently called into question when <a href="http://seattletimes.nwsource.com/html/localnews/2012751169_gatesmonsanto29m.html" target="_blank">activists discovered</a> [9] the Gates foundation had spent $27.6 million on 500,000 shares of Monsanto stock between April and June 2010.</p>
<p>Water shortages in parts of Africa and beyond have created a market for &#8220;climate ready&#8221; crops worth an estimated $2.7 billion. Leading biotech companies like Monsanto, Syngenta, Bayer and Dow are currently racing to develop crops that will grow in drought conditions caused by climate change, and by participating in the WEMA program, Monsanto is gaining a leg up by establishing new markets and regulatory approvals for its patented transgenes in five Sub-Saharan African countries, according to the Centre&#8217;s report.</p>
<p>Monsanto teamed up with BASF, another industrial giant, to donate technology and transgenes to WEMA and its partner organizations. Seed companies and researchers will receive the GE seed for free and small-scale farmers can plant the corn without making the royalty payments that Monsanto usually demands from farmers each season.</p>
<p>Monsanto is donating the seeds for now, but the company has a reputation for aggressively defending its patents. In the past, Monsanto has <a href="http://www.percyschmeiser.com/conflict.htm" target="_blank">sued</a> [10]farmers for growing crops that cross-pollinated with Monsanto crops and became contaminated with the company&#8217;s patented genetic codes.</p>
<p>In 2009, Monsanto and BASF discovered a gene in a bacterium that is believed to help plants like corn survive on less water and soon the companies developed a corn seed know as MON 87460. It remains unclear if MON 87460 will out-compete conventional drought-tolerant hybrids, but the United States Department of Agriculture could <a href="http://www.aphis.usda.gov/newsroom/2011/05/ea_corn.shtml" target="_blank">approve</a> [11] the corn for commercial use in the US as soon as July 11. Monsanto plans to make the seed available to American farmers by next year.</p>
<p>GE crops like MON 87460 can only be tested and sold in countries that, like the US, are friendly toward biotech agriculture. WEMA&#8217;s target areas could add five countries to that list: South Africa, Uganda, Tanzania, Kenya and Mozambique. The Biosafety Centre reports that WEMA&#8217;s massive funding opportunities pressure politicians to pass weak biosafety laws and welcome GE crops and the agrichemical drenched growing systems that come with them. Field trials of MON 87460 and other drought-tolerant varieties are already underway in South Africa, where Monsanto already has considerable<a href="http://www.biosafetyafrica.org.za/index.php/20110516358/Activists-approach-Competition-Commission-to-Investigate-Monsantos-dominance-in-South-Africa/menu-id-100026.html" target="_blank">political influence</a> [12]. Kenya, Tanzania and Uganda are expected to begin field trials of WEMA corn varieties in 2011.</p>
<p><em><a href="https://members.truth-out.org/donate" target="_blank">Make a tax-deductible donation to Truthout this week, and your contribution will be doubled by an anonymous foundation! Keep independent journalism strong &#8211; support Truthout by clicking here.</a> [13]</em></p>
<p>The agency that is implementing WEMA is the African Agricultural Technology Foundation (AATF), a pro-biotechnology group funded completely by the US government&#8217;s USAID program, the United Kingdom and the Buffet and Gates foundations. The AATF is a nonprofit charity that lobbies African governments and promotes partnerships between public groups and private companies to make agricultural technology available in Africa. The Biosafety Centre accuses the AATF of essentially being a front group for the US government, allowing USAID to &#8220;meddle&#8221; in African politics by <a href="http://www.aatf-africa.org/news/ministers_researchers_identify_benefits_of_biotechnology_canvass_passage_of_biosafety_bill/en/" target="_blank">promoting</a> [14] weak biosafety regulation that makes it easier for American corporations to export biotechnology to African countries.</p>
<p>WEMA and AATF swim in a myriad <a href="http://www.cgiar.org/centers/bios.html" target="_blank">alphabet soup</a> [15] of NGOs and nonprofits propped up by Western nations and wealthy philanthropists that promote everything from fertilizer to food crops with enhanced nutritional content as solutions to world hunger. Together, these groups are promoting a <a href="http://www.bayer.com/en/second-green-revolution.aspx" target="_blank">Second Green Revolution</a> [16] and sparking a worldwide debate over the future of food production. The Gates Foundation alone has committed $1.7 billion to the effort to date.</p>
<p>There was nothing &#8220;green&#8221; about the first Green Revolution of the 1950s and 1960s. As population skyrocketed during the last century, multinationals pushed Western agriculture&#8217;s fertilizers, irrigation, oil-thirsty machinery and pesticides on farmers in the developing world. Historians often <a href="http://www.livinghistoryfarm.org/farminginthe50s/crops_13.html" target="_blank">point out</a> [17]that promoting industrial agriculture to keep developing countries well fed was crucial to the US effort to stop the spread of Soviet Communism.</p>
<p>The Second Green Revolution, which is focused on Africa, seeks to solve hunger problems with education, biotechnology, high-tech breeding, and other industrial agricultural methods popular in countries like the US, Brazil and Mexico.</p>
<p>Africa has landed in the center of a global food debate over a central question: with the world&#8217;s growing population expected to reach nine billion by 2045, how will farmers feed everyone, especially those in developing countries? The lines of the debate are drawn. The Second Green Revolutionaries are now facing off with activists and researchers who doubt the West&#8217;s petroleum and technology-based agricultural systems can sustainably feed the world.</p>
<p>The African Centre for Biosafety and its allies often point to a report recently released by IAASTD, a research group supported by the United Nations (UN), the World Health Organization, and others. IAASTD found that industrial agriculture has been successful in its goal of increasing crop yields worldwide, but has caused environmental degradation and deforestation that disproportionately affects small farmers and poorer nations. Widespread use of pesticides and fertilizer, for instance, cause dead zones in coastal areas. Massive irrigation projects now account for 70 percent of water withdrawal globally and approximately 1.6 billion people live in water-scarce basins.</p>
<p>Increasing crop yields is the bottom line for groups like the Gates Foundation, but the IAASTD recommends that sustainability should be the goal. The report does not rule out biotechnology, but suggests high-tech agriculture is just one tool in the toolbox. The report promotes &#8220;<a href="http://www.agroecology.org/" target="_blank">agroecology</a> [18],&#8221; which seeks to replace the chemical and biochemical inputs of industrial agriculture with resources found in the natural environment.</p>
<p>In March, a UN expert released a report showing that small-scale farmers could double their food production in a decade with the simple agroecological methods. The report flies in the face of the Second Green Revolutionaries.</p>
<p>&#8220;Today&#8217;s scientific evidence demonstrates that agroecological methods outperform the use of chemical fertilizers in boosting food production where the hungry live &#8211; especially in unfavorable environments,&#8221; said Olivier De Schutter, the UN Special Rapporteur on the right to food and author of the report. &#8220;Malawi, a country that launched a massive chemical fertilizer subsidy program a few years ago, is now implementing agroecology, benefiting more than 1.3 million of the poorest people, with maize yields increasing from 1 ton per hectare to 2 to 3 tons per hectare.&#8221;</p>
<p>De Schutter said private companies like Monsanto will not invest in agroecology because it does not open new markets for agrichemicals or GE seeds, so it&#8217;s up to governments and the public to support the switch to more sustainable agriculture. But with more than a billion dollars already spent, the Second Green Revolutionaries are determined to have a say in how the world grows its food, and agroecology is not on their agenda. To them, sustainability means bringing private innovation to the developing world. The Gates Foundation can donate billions to the fight against hunger, but when private companies like Monsanto stand to benefit, it makes feeding the world look like a for-profit scheme.</p>
</div>
</div>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/07/12/monsanto-and-gates-foundation-push-ge-crops-on-africa/&title=Monsanto+and+Gates+Foundation+Push+GE+Crops+on+Africa&text=Tuesday+12+July+2011+by%3A+Mike+Ludwig%2C+Truthout+%7C+Report+++Joel+Mbithi+%28left%29%2C+farm+manager+of+the+Kenya+Agricultural+Research+Institute%26%238217%3Bs+Kiboko+Research+Station%2C+and+Yoseph+Beyene%2C+CIMMYT...&tags=the+second%2C+mon+87460%2C+the+report%2C+the+world%2C+monsanto%2C+foundation%2C+farmers%2C+report%2C+world%2C+african" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/07/12/monsanto-and-gates-foundation-push-ge-crops-on-africa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Gold Affects Currencies</title>
		<link>http://virtualissues.com/2011/07/11/how-gold-affects-currencies/</link>
		<comments>http://virtualissues.com/2011/07/11/how-gold-affects-currencies/#comments</comments>
		<pubDate>Mon, 11 Jul 2011 13:40:27 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Gold Backed Currency]]></category>
		<category><![CDATA[world currencies]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/07/11/how-gold-affects-currencies/</guid>
		<description><![CDATA[Gold is one of the most widely discussed metals due to its prominent role in both the investment and consumer world. Even though gold is no longer used as a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/30/investopedia6457.DTL#ixzz1RkUbECie]]></description>
			<content:encoded><![CDATA[<p>Kalen Smith, provided by<br />
<a href="http://www.investopedia.com/" target="_blank"><img src="http://virtualissues.com/wp-content/uploads/2011/07/investopedia_articles.gif" border="0" alt="" /></a></p>
<p>Thursday, June 30, 2011</p>
<p>Gold is one of the most widely discussed metals due to its prominent role in both the investment and consumer world. Even though gold is no longer used as a primary form of currency in <a href="http://www.investopedia.com/terms/d/developed-economy.asp?partner=sfgate">developed</a> nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and the strength of currencies trading on foreign exchanges.</p>
<p><strong> </strong></p>
<p><strong> </strong>To help illustrate this relationship between gold and foreign exchange trading, consider these five important aspects:</p>
<p><strong>1. Gold was once used to back up fiat currencies.<br />
</strong>As early as the Byzantine Empire, gold was used to support <a href="http://www.investopedia.com/terms/f/fiatmoney.asp?partner=sfgate">fiat</a> currencies, or the various currencies considered legal tender in their nation of origin. Gold was also used as the world <a href="http://www.investopedia.com/terms/r/reservecurrency.asp?partner=sfgate">reserve currency</a> up through most of the 20th century; the United States used the <a href="http://www.investopedia.com/terms/g/goldstandard.asp?partner=sfgate">gold standard</a> until 1971 when President Nixon discontinued it.</p>
<p>One of the reasons for its use is that it limited the amount of money nations were allowed to print. This is because, then as now, countries had limited gold supplies on hand. Until the gold standard was abandoned, countries couldn&#8217;t simply print their fiat currencies ad nauseum unless they possessed an equal amount of gold. Although the gold standard is no longer used in the developed world, some economists feel we should return to it due to the volatility of the U.S. dollar and other currencies.</p>
<p><strong>2. Gold is used to hedge against inflation.<br />
</strong>Investors typically buy large quantities of gold when their country is experiencing high levels of inflation. The demand for gold increases during inflationary times due to its inherent value and limited <a href="http://www.investopedia.com/terms/s/supply.asp?partner=sfgate">supply</a>. As it cannot be diluted, gold is able to retain value much better than other forms of currency.</p>
<p>For example, in April 2011, investors feared declining values of fiat currency and the price of gold was driven to a staggering $1,500 an ounce. This indicates there was little confidence in the currencies on the world market and that expectations of future economic stability were grim.</p>
<p><strong>3. The price of gold affects countries that import and export it.<br />
</strong>The value of a nation&#8217;s currency is strongly tied to the value of its imports and exports. When a country imports more than it exports, the value of its currency will decline. On the other hand, the value of its currency will increase when a country is a net exporter. Thus, a country that exports gold or has access to gold reserves will see an increase in the strength of its currency when gold prices increase, since this increases the value of the country&#8217;s total exports.</p>
<p>In other words, an increase in the price of gold can create a <a href="http://www.investopedia.com/terms/t/trade-surplus.asp?partner=sfgate">trade surplus</a> or help offset a trade deficit. Conversely, countries that are large importers of gold will inevitably end up having a weaker currency when the price of gold rises. For example, countries that specialize in producing products made with gold, but lack their own gold reserves, will be large importers of gold. Thus, they will be particularly susceptible to increases in the price of gold.</p>
<p><strong>4. Gold purchases tend to reduce the value of the currency used to purchase it.<br />
</strong>When <a href="http://www.investopedia.com/terms/c/centralbank.asp?partner=sfgate">central banks</a> purchase gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, and thereby create an excess supply of the fiat currency.</p>
<p><strong>5. Gold prices are often used to measure the value of a local currency, but there are exceptions.<br />
</strong>Many people mistakenly use gold as a definitive proxy for valuing a country&#8217;s currency. Although there is undoubtedly a relationship between gold prices and the value of a fiat currency, it is not always an inverse relationship as many people assume.</p>
<p>For example, if there is high demand from an industry that requires gold for production, this will cause gold prices to rise. But this will say nothing about the local currency, which may very well be highly valued at the same time. Thus, while the price of gold can often be used as a reflection of the value of the U.S. dollar, conditions need to be analyzed to determine if an inverse relationship is indeed appropriate.</p>
<p><strong>The Bottom Line<br />
</strong>Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a <a href="http://www.investopedia.com/terms/c/commodity.asp?partner=sfgate">commodity</a>can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.</p>
<p>Original story - <a href="http://www.investopedia.com/articles/forex/11/golds-effect-currencies.asp?partner=sfgate">How Gold Affects Currencies</a></p>
<p>URL to Article; <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/30/investopedia6457.DTL">http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/30/investopedia6457.DTL</a></p>
<p>Copyright (c) 2011 Investopedia US. All rights reserved. Investopedia.com is a division of ValueClick, Inc.</p>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/07/11/how-gold-affects-currencies/&title=How+Gold+Affects+Currencies&text=Kalen+Smith%2C+provided+by++Thursday%2C+June+30%2C+2011+Gold+is+one+of+the+most+widely+discussed+metals+due+to+its+prominent+role+in+both+the+investment+and+consumer+world.&tags=the+value%2C+its+currency%2C+the+price%2C+the+gold%2C+currency%2C+value%2C+currencies%2C+there%2C+price%2C+countries" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/07/11/how-gold-affects-currencies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amtrak Gets $562 Million For Electric Trains</title>
		<link>http://virtualissues.com/2011/07/11/amtrak-gets-562-million-for-electric-trains/</link>
		<comments>http://virtualissues.com/2011/07/11/amtrak-gets-562-million-for-electric-trains/#comments</comments>
		<pubDate>Mon, 11 Jul 2011 03:25:05 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Electric Transportation]]></category>
		<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[Amtrak]]></category>
		<category><![CDATA[Electric Trains]]></category>
		<category><![CDATA[Government Loan]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/07/11/amtrak-gets-562-million-for-electric-trains/</guid>
		<description><![CDATA[Amtrak’s attempts at high speed rail may or may not succeed, but its efforts in more regular rail look to be getting a big boost today via word from the U.S. Department of Transportation (DOT) of a massive loan to help the railway purchase and get running new locomotives in the Northeast portion of the country. ]]></description>
			<content:encoded><![CDATA[<p>Amtrak Gets $562 Million For Electric Trains</p>
<p>Posted By <span style="text-decoration: underline">Nino Marchetti</span> On June 29, 2011 @ 2:30 pm In <span style="text-decoration: underline">Transportation</span> | <span style="text-decoration: underline"><a href="http://www.earthtechling.com/2011/06/amtrak-gets-562-million-for-electric-trains/print/#comments_controls">No Comments</a></span></p>
<div>
<p><a href="http://www.earthtechling.com/2011/06/a-high-speed-rail-line-republican-style/">Amtrak’s attempts</a> at <a href="http://www.earthtechling.com/tag/high-speed-rail/">high speed rail</a> may or may not succeed, but its efforts in more regular rail look to be getting a big boost today via word from the U.S. Department of Transportation (DOT) of a massive loan to help the railway purchase and get running new locomotives in the Northeast portion of the country. We first brought you word of this proposed purchase between Amtrak and Siemens for 70 electric locomotives <a href="http://www.earthtechling.com/2010/10/amtrak-moves-to-modernize-aging-trains/">back in October</a>.</p>
<p><a href="http://www.fra.dot.gov/roa/press_releases/fp_FRA14-11.shtml">The DOT said</a> it is giving Amtrak a $562.9 million loan under the Federal Railroad Administration’s <a href="http://www.fra.dot.gov/Pages/177.shtml">Railroad Rehabilitation and Improvement Financing (RRIF) program</a> to help accomplish the purchase of these 70 Sprinter ACS-64 electric locomotives from Siemens. Plans call for the manufacturer to add 250 domestic manufacturing jobs in order to design and build the trains across several states. Additional, it is believed Siemens will work with suppliers from across the country to provide train components, “further boosting U.S. manufacturing.”</p>
<div><img src="http://virtualissues.com/wp-content/uploads/2011/07/amtrak-siemens.jpg" alt="Amtrak Siemens" width="450" height="315" />image via Siemens</p>
</div>
<p>From what’ve we written about the <a href="http://en.wikipedia.org/wiki/Amtrak_Cities_Sprinter">Sprinter ACS-64 model</a> before, we know it likely will operate at speeds up to 125 mph (201 kph) on the Northeast Corridor from Washington, D.C. to Boston and up to 110 mph (177 kph) on the Keystone Corridor from Philadelphia to Harrisburg, Pennsylvania. The 70 Amtrak Cities Sprinter ACS-64 locomotives – said by DOT to still be in the final design phase – will replace existing units that have been in service for 20-30 years with an average of 3.5 million miles traveled.</p>
<p>If all goes as planned, the new trains will begin operating along regional and intercity routes in 2013 in a more energy efficient manner then previous ones used. Amtrak also believes they will help “improve frequency, performance and reliability” to a system not known for being on time most of the time.</p>
<p>&nbsp;</p>
<p>URL to article: <strong>http://www.earthtechling.com/2011/06/amtrak-gets-562-million-for-electric-trains/</strong></p>
</div>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/07/11/amtrak-gets-562-million-for-electric-trains/&title=Amtrak+Gets+%24562+Million+For+Electric+Trains&text=Amtrak+Gets+%24562+Million+For+Electric+Trains+Posted+By%26%23160%3BNino+Marchetti+On+June+29%2C+2011+%40+2%3A30+pm+In%26%23160%3BTransportation+%7C%26%23160%3BNo+Comments++Amtrak%26%238217%3Bs+attempts+at%26%23160%3Bhigh+speed+rail+may+or...&tags=amtrak" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/07/11/amtrak-gets-562-million-for-electric-trains/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Ideological Crisis of Western Capitalism</title>
		<link>http://virtualissues.com/2011/07/10/the-ideological-crisis-of-western-capitalism/</link>
		<comments>http://virtualissues.com/2011/07/10/the-ideological-crisis-of-western-capitalism/#comments</comments>
		<pubDate>Sun, 10 Jul 2011 23:54:01 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[From The Editor]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[deregulated capitalism]]></category>
		<category><![CDATA[Free Market]]></category>
		<category><![CDATA[US deficit]]></category>

		<guid isPermaLink="false">http://virtualissues.com/2011/07/10/the-ideological-crisis-of-western-capitalism/</guid>
		<description><![CDATA[Sunday 10 July 2011 by: Joseph E. Stiglitz, Project Syndicate [3] &#124; Op-Ed (Photo: emperley3 [4]) Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater material well-being [...]]]></description>
			<content:encoded><![CDATA[<div>Sunday 10 July 2011</div>
<div>by: Joseph E. Stiglitz, <a href="http://www.project-syndicate.org/commentary/stiglitz140/English">Project Syndicate</a> [3] | Op-Ed</div>
<div><img class="alignright" src="http://virtualissues.com/wp-content/uploads/2011/07/071011stiglitz_story.jpg" alt="" width="240" height="272" /></p>
<div>
<p>(Photo: <a href="http://www.flickr.com/photos/emperley3/4481874889/" target="_blank">emperley3</a> [4])</p>
</div>
</div>
<div>
<div>
<p>Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, over the course of this ideology’s 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.</p>
<p>Moreover, output growth in the United States was not economically sustainable. With so much of US national income going to so few, growth could continue only through consumption financed by a mounting pile of debt.</p>
<p>I was among those who hoped that, somehow, the financial crisis would teach Americans (and others) a lesson about the need for greater equality, stronger regulation, and a better balance between the market and government. Alas, that has not been the case. On the contrary, a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy – or at least the economies of Europe and America, where these ideas continue to flourish.</p>
<p>In the US, this right-wing resurgence, whose adherents evidently seek to repeal the basic laws of math and economics, is threatening to force a default on the national debt. If Congress mandates expenditures that exceed revenues, there will be a deficit, and that deficit has to be financed. Rather than carefully balancing the benefits of each government expenditure program with the costs of raising taxes to finance those benefits, the right seeks to use a sledgehammer – not allowing the national debt to increase forces expenditures to be limited to taxes.</p>
<p>This leaves open the question of which expenditures get priority – and if expenditures to pay interest on the national debt do not, a default is inevitable. Moreover, to cut back expenditures now, in the midst of an ongoing crisis brought on by free-market ideology, would inevitably simply prolong the downturn.</p>
<p>A decade ago, in the midst of an economic boom, the US faced a surplus so large that it threatened to eliminate the national debt. Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge surplus into record peacetime deficits.</p>
<p>The remedies to the US deficit follow immediately from this diagnosis: put America back to work by stimulating the economy; end the mindless wars; rein in military and drug costs; and raise taxes, at least on the very rich. But the right will have none of this, and instead is pushing for even more tax cuts for corporations and the wealthy, together with expenditure cuts in investments and social protection that put the future of the US economy in peril and that shred what remains of the social contract. Meanwhile, the US financial sector has been lobbying hard to free itself of regulations, so that it can return to its previous, disastrously carefree, ways.</p>
<p>But matters are little better in Europe. As Greece and others face crises, the medicine du jour is simply timeworn austerity packages and privatization, which will merely leave the countries that embrace them poorer and more vulnerable. This medicine failed in East Asia, Latin America, and elsewhere, and it will fail in Europe this time around, too. Indeed, it has already failed in Ireland, Latvia, and Greece.</p>
<p>There is an alternative: an economic-growth strategy supported by the European Union and the International Monetary Fund. Growth would restore confidence that Greece could repay its debts, causing interest rates to fall and leaving more fiscal room for further growth-enhancing investments. Growth itself increases tax revenues and reduces the need for social expenditures, such as unemployment benefits. And the confidence that this engenders leads to still further growth.</p>
<p>Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce growth. But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise. On both counts, confidence is undermined, and a downward spiral is set in motion.</p>
<p>Do we really need another costly experiment with ideas that have failed repeatedly? We shouldn’t, but increasingly it appears that we will have to endure another one nonetheless. A failure of either Europe or the US to return to robust growth would be bad for the global economy. A failure in both would be disastrous – even if the major emerging-market countries have attained self-sustaining growth. Unfortunately, unless wiser heads prevail, that is the way the world is heading.</p>
<p>http://www.truth-out.org/ideological-crisis-western-capitalism/1310127895</p></div>
</div>
<br/><a href="http://www.socialmarker.com/?link=http://virtualissues.com/2011/07/10/the-ideological-crisis-of-western-capitalism/&title=The+Ideological+Crisis+of+Western+Capitalism&text=Sunday+10+July+2011+by%3A+Joseph+E.+Stiglitz%2C%26%23160%3BProject+Syndicate+%5B3%5D%26%23160%3B%7C+Op-Ed+++%28Photo%3A%26%23160%3Bemperley3+%5B4%5D%29+++++Just+a+few+years+ago%2C+a+powerful+ideology+%26%238211%3B+the+belief+in+free+and...&tags=the+national%2C+the+world%2C+growth%2C+expenditures%2C+confidence%2C+would%2C+national" target="_blank"><img src= "http://www.socialmarker.com/bookmark.gif" border="0" /></a><noscript><a href="http://www.socialmarker.com" >Social Bookmarking</a></noscript>]]></content:encoded>
			<wfw:commentRss>http://virtualissues.com/2011/07/10/the-ideological-crisis-of-western-capitalism/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

