Forex

If you're reading this, it means you've been following the http://forex-exh.blogspot.com address. We switched over to WordPress, and from now on will only post at http://www.WashingtonsBlog.com . The RSS feed for the new site is: http://www.washingtonsblog.com/feed See you there ...

We're in the process of switching over to WordPress. Initially, the website may appear very minimalistic, as the old posts are imported. The old http://forex-exh.blogspot.com address will also no longer be used, and the rss feeds will change to the main site: http://www.WashingtonsBlog.com . Once the switchover happens, please use http://www.WashingtonsBlog.com for everything - it's easier to say and to remember - instead of http://forex-exh.blogspot.com . Finally, because the SEO guru who is generously helping us with all of this is currently tinkering, we are currently locked out of posting at the new site. Bear with us ... it's a work in progress!

Fukushima Nuclear Radiation Will Be Spread By Use of Tents When I first heard that Tepco will place large tents over its leaking Fukushima reactors, I reacted with derision, as did Tyler Durden : Artist's impression of this latest Japanese venture: My reaction a couple of weeks later - after seeing an actual artist's rendering of what the tents would actually look like - was hope that the tents would at least keep radiation from spreading worldwide through the air, even if they didn't do anything to prevent contamination of Japan's groundwater or the Pacific Ocean. But nuclear expert Arnie Gundersen says that the tents - while helping to protect workers at Fukushima - will actually increase the dispersion of radioactive gases. Specifically, Tepco will pump radiation out through stacks, which will push radiation up to a higher elevation, dispersing it even further around the world. Gundersen says that Fukushima is still emitting huge quantities of radiation. Burnin...

More Slaves Today Than Ever Before In History You would assume that - as messed up as things may be today - at least there is not widespread slavery, as in ancient Egypt or the American south. But as Time Magazine noted last year: Despite more than a dozen international conventions banning slavery in the past 150 years, there are more slaves today than at any point in human history . Slaves are those forced to perform services for no pay beyond subsistence and for the profit of others who hold them through fraud and violence. While most are held in debt bondage in the poorest regions of South Asia, some are trafficked in the midst of thriving development. To help fight slavery, read this and - more importantly - get involved here . And given that there are some who would like to put all of us in debt peonage , we should stand up for freedom and justice whenever and wherever we can.

Despite the ongoing efforts to cover up the scope of the disasters, new videos prove that all is not well in Fukushima ... or the BP oil spill site. A strange flash was observed at the Fukushima nuclear power plant: And a new 10-mile oil slick was spotted in the area of BP gulf oil spill:

Labor Day ... Or Serf Day? As I noted in 2020: A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said : "You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the ...

I've repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions ... but that government policy is increasing inequality. I've also pointed out that no one - liberal or conservative - likes runaway inequality. Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer . For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer .

I'm back from a week-long vacation with my family. Thanks to the wonderful guest posters for their great reporting. We'll make guest posting a regular part of Washington's Blog, and we'll also get back to writing ourselves.

By David DeGraw, AmpedStatus.com Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here's an extensive roundup: As I reported last week : Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It's A "Bloodbath" As Wall Street's Crimes Blow Up In Their Face Time to put your Big Bank shorts on! Get ready for a run ... The chickens are coming home to roost... The Global Banking Cartel's crimes are being exposed left & right... Prepare for Shock & Awe... Well, well... here's your Shock & Awe: First up, this shockingly huge $196 billion lawsuit just filed against 17 major b...

By David DeGraw, AmpedStatus.com Tropical storm Lee threatens severe flooding in Alabama, Louisiana, and Mississippi Tropical Storm Lee now has winds approaching 60 miles per hour. Louisiana has heavy rain, and authorities warn of flooding in Alabama and Mississippi as well. States of emergency have been declared. A tropical storm moving toward the Gulf Coast is predicated to bring massive flooding to Alabama, Louisiana, and Mississippi this weekend, particularly in New Orleans where up to 20 inches of rain is expected. Tropical Storm Lee will hit southwest Louisiana by Saturday afternoon. The storm is moving southwest of the Mississippi River with maximum sustained winds approaching 60 miles per hour. Flash flood warnings are in effect, covering Mississippi to Texas. A tropical storm warning is also in effect along the coast, stretching from the Alabama-Florida border to the Sabine Pass in Texas. [ read more ] Despite $10 billion effort to rebuild, New Orleans levees get a near-failin...