Archive | February 11, 2013

100 Mile Border Around the U.S.

100 Mile Border Around the U.S.*

100 Mile Border Around the U.S.*

By Matt Bewig

Fourth Amendment rights might fade into the history books  as the infamous Department of Homeland Security, DHS, create a border where unreasonable stop, search and confiscation becomes the rule.

That border affects everyone living in Florida, Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New Jersey, Delaware, Maryland, Washington, DC, Michigan, New York, Los Angeles, Chicago, Houston and Philadelphia.

What initially seemed to only affect Mexicans deemed illegal by the illegal occupation of their land through The Treaty of Guadalupe Hidalgo  began t extend its powers since the Universal Levelling began (Pluto in Capricorn) in 2008 that manifested as the global economic crisis.  Those powers have been for Mexicans, and now is for anyone living and/or within that border have been and will be subject to the abuse of border control agents. Without a warrant a traveller with any form of electrical device including laptops, cell phones, tablets, and cameras can have thse personal properties seized. To date, already 6,500 travellers have been subject t that harassment according to the findings of the civil liberties organization, ACLU after obtaining a Freedom of Information Act request. This is detailed in the undisclosed DHS according to the findings of ACLU.


Bewig, M “Homeland Security Approves Seizure of Cell Phones and Laptops within 100 Miles of Border; Report Remains Secret”

Related Topics:

The Hypocrisy of Anti-Immigration in Arizona 

The American Iron Curtain

Unplugging from the Lie*

Heavenly Signs: 2012 Galactic Conjunction

Today is the Beginning of a New Era*

PsyOps Soldiers at Local TV Stations

Partial Victory Over Arizona Immigration Law

The Doctrine of Discovery

Running Out Of Dollars!?*

moneyblackholeRunning Out Of Dollars!?*

Late on Friday Venezuela shocked the world when instead of reporting an update on the ailing health of its leader, as many expected it would, it announced the official devaluation of its currency, the Bolivar by nearly 50% against the dollar yet still well below the unofficial black market exchange rate. By doing so, it may have set off a chain reaction among the secondary sovereigns in the world, those who have so far stayed away from the “big boys” currency wars, or those waged by the Big 6 “developed world” central banks, in an attempt to also “devalue their way to prosperity” and boost their economies by encouraging exports even as the local population sees a major drop in its purchasing power and living standards. So in the game, where the last player to crush their currency inevitably loses, the question is who is next. The answer may well be America’s latest best north African friend, and custodian of the Suez Canal: Egypt.

As Reuters reports, in the ongoing underreported counterrevolution against the Muslim Brotherhood’s US-backed regime, the local population is increasingly scrambling to preserve their local-denominated paper wealth by converting it into the same currency that Bernanke is hell bent to crush some by some $85 billion per month. Problem is – Egypt is out of dollars.

A run on Egypt’s pound has left foreign currency in short supply and driven some dealers into the streets in search of people with U.S. dollars to sell, spawning a new black market.

The currency’s decline was triggered by a political uprising that swept Hosni Mubarak from power in 2011 and it has officially lost 8 percent of its value since Dec. 30.

Black market rates are even weaker, a sign that although the central bank managed to stem the slide in official trade last week, Egyptians are nervous about holding on to pounds.

“There are no dollars. Everyone that walks in asks for dollars but supply is scarce,” said one of the dealers.

The central bank took steps last week to manage the rate including narrowing the pound’s trading band. It was last bid at 6.71 to the dollar on Sunday in interbank trade.

That is 13.4 percent weaker than its level on the eve of the uprising that led to Mubarak’s downfall, pitching Egypt into two years of turmoil that has scared off tourists and investors.

It is the fear that the weakness in the EGP will only get much worse, that has citizens rushing to hit any USD bids, even if it means black market rates that are drastically higher than the official exchange rate: “On Cairo’s streets, one dealer offered to sell dollars at a rate of 6.95 on Thursday – 3.5 percent weaker than the official price. Another asked for 6.89 pounds to the dollar.”

Yet where it may get much worse, is that the nation itself may soon run out of dollars. As we reported last week, Egypt’s foreign currency reserves have plunged to just $13.6 billion, some 60% less than the $36 billion held at the bank on the eve of the uprising against Mubarak, and below the $15 billion required to cover three months imports.

And while the government itself is at risk of having its foreign trade ground to a halt, the bigger risk is that very soon Egypt will have no choice but to follow in Argentina’s footsteps and order a price freeze, or else risk a run on the supermarket:

One senior executive at an Egyptian company that imports goods from abroad said companies were able to source their dollar needs from the black market, but forecast that supply would tighten further in the coming weeks.

“Corporates are not having problems arranging for U.S. dollars from the open market. However, there is a spread that ranges between 16 to 20 piasters between the bank rates and the open market,” he said.

Speaking on condition of anonymity because he was discussing an illegal market, he forecast that dollar supply would dry up further because of factors such as political uncertainty.

“What will happen? Most probably you will start seeing products disappearing from supermarket shelves,” he said. “The challenges that we are facing now are nothing compared to what we could be heading to.”

He could well be speaking about the entire developed world. And sadly, there is no simple resolution, because while the Egyptian government may promptly devalue the EGP overnight by some 20%, 40% or more, as Chavez just did, it will merely accelerate the scramble to procure hard assets (in lieu of a hard currency), and further destabilize an economy already on the bring of a second civil war.

And the worst news is that should Egypt indeed devalue just as Venezuela did, it is assured that everyone else in the “less than developed” world category will suddenly scramble to be the next just so they are not the last. What happens then is anyone’s guess.


Related Topics:

Billionaires Dumping their U.S. Stocks*

Navigating 2013!

The US Razing Hell through 35 African Countries*

That Dark Night of the Soul

Labour Pains of a New Worldview

The New Middle East vs. the Arab Spring