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With the Newsweek claim that they have found the purported founder of Bitcoin, Satoshi Nakamoto, starting 15 minutes in to the interview with Tim Richardson on The Agenda with Steve Paikin, he states:

I also happen to know a little about Japanese culture; I’ve lived in Japan, speak Japanese.

And regarding the name Satoshi Nakamoto:

The choice of that word for him has many ramifications if you look at Japanese culture and Japanese history.

and:

The reason why you would pick a person like that, say versus a Korean, or a person from Latin America.

While Richardson wouldn’t say whether he thought this Satoshi Nakamoto was the real founder or not, his words to me imply that the name was invented, or that they chose this person from among a team of founders to be identified as the founder of Bitcoin for a very specific purpose.

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Photo of the Cofrentes (Spain) nuclear power p...

On April 3, 2011, I wrote the article, Who is behind enenews.com?, in which I wrote:

Who is behind enenews.com, the site known as Energy News, which, for the time being, has been focusing solely on the fallout of the Japanese nuclear disaster?

The short answer is, we don’t know.

It later came out that it is run by an anonymous, self-described lawyer with a penchant for posting hyped and fear-based articles about nuclear power.

As I commented on June 22, 2011:

Enenews.com keeps putting out the scary headlines, but what they’re not going to do is get into the unnecessary reasons for the disaster in the first place.

If nuclear power wasn’t so heavily subsidized, if the government got out of building nuclear plants and if the private sector could get insurance to build them and the consent of neighbouring property owners who would be most affected, then go ahead with building more nuclear plants.

But no, it’s about putting out the fear.

Sadly, as of August 15, 2012, according to Alexa.com, the site is more popular than ever, and predictably, its author still isn’t advocating any solutions.

My proposal for immediate redress of the current situation concerning nuclear power — which the most rabid anti-nuclear activists and the most laissez-faire free market advocates should find common ground in supporting — is this:

  • Eliminate all government funding for nuclear power research
  • Eliminate all government funding for the operation and insurance of nuclear plants
  • Sell all government-owned nuclear plants to the private sector, or close those that aren’t sold
  • Require the consent of local property owners for the continued or new operation of nearby nuclear power plants

It may be that the implementation of these proposals eventually results in the end of nuclear power as we know it, and I think that could prove to be the case, but the longer time goes without any well-known, so-called “green” organizations advocating such proposals, the more I question their commitment to their espoused principles.

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James CorbettThe late Bob Chapman was known as the International Forecaster, and the new International Forecaster is James Corbett, as seen on theinternationalforecaster.com.

Corbett will be the weekly Monday regular guest on Dr. Stan Monteith’s Radio Liberty show as Bob Chapman had been, and his debut episode was July 30, 2012.

He established his independence from Bob early on, by differing with him over gold and silver certificates versus physical gold and silver, in favouring physical gold and silver. He also disclosed that he is a Canadian living in Japan, which definitely gives him an international perspective.

For my articles on the late Bob Chapman, see here.

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Question mark

Who is behind enenews.com, the site known as Energy News, which, for the time being, has been focusing solely on the fallout of the Japanese nuclear disaster?

The short answer is, we don’t know.

A domain registration lookup shows its private registration with the mysteriously named DomainSecrecy.net.

A ping of the domain shows the address of 98.158.182.89, which traces back to the internet domain host provider UK2 Group, which is located in Providence, Utah.

It is a mysterious site, indeed, with no About page, no mention of its authors, contact info, or its sources of funding, despite 144 posts since its inception on March 18, 2011.

With less than one full month online, the site already has a one-month Alexa rating of 129,331th place among over 20 million ranked sites on the Web.

What we do see, however, are scary headlines citing mass media sources, with added editorial.

For instance, the March 29 headline, Radioactive Iodine-131 in Pennsylvania rainwater sample is 3300% above federal drinking water standard.

3300% higher is 33 times higher, but 3300% sounds a lot scarier. The headline also draws a word association between rainwater and drinking water, despite going on to mention the mass media source that says a 3300% higher amount of radioactive iodine in rainwater samples is still 25 times less than would be of concern. Also, nowhere does the article mention that the half-life of radioactive iodine is eight days.

The article, however, adds emphasis in bold to the amount of radiation found in the rainwater samples and to the maximum EPA levels for drinking water, further making an association.

In the meantime, while many Americans are being focused on a very serious crisis for the Japanese, their focus is consequently shifted away from the more directly relevant unlawful presidential war decree on Libya, and the zero prosecutions for fraud against those who knowingly marketed subprime securities as AAA, unlike the more than a thousand convictions of the criminals involved in the far smaller savings and loan crisis of the 1980s.

Update 06/25/11: A reader pointed out eight days after my article, on April 11, that the author of enenews.com is also the one behind floridaoilspilllaw.com, and that can be found in the earlier comments.

On April 18, the author finally got around to creating an About page, wherein he claimed he is not a lawyer trying to sue. On June 24, after enenews.com had gone down for hours as it has several times in the past few months, someone pointed out that the author has since revealed he is a lawyer.

To those who say this information is now evident, it wasn’t when I published this article on April 3, and the scary headlines with an anti-nuclear editorial bent, the lack of other energy news coverage, and no positive solutions haven’t stopped either.

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Seal of the Central Intelligence Agency of the...

As of February 10, 2011, the CIA World Factbook is still reporting December 31, 2008, numbers for the Market Value of Publicly Traded Shares.

Rounding out the Top 10 are (T represents trillions of USD):

1. United States 11.740T
2. European Union 7.564T
3. Japan 3.220T
4. China 2.794T
5. United Kingdom 1.852T
6. France 1.492T
7. Russia 1.322T
8. Hong Kong 1.320T
9. Germany 1.108T
10. Canada 1.002T

On February 28, 2009, I recorded their Top 10 for 2007.

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From the U.S. Treasury Department’s latest numbers of major foreign holders of treasury securities, we see that China owned $877.5 billion and Japan owned $768.50 billion in February 2010.

From their historical data, we see that China overtook Japan as the largest foreign holder of treasury securities as recently as September 2008, the month that the world’s economic system was thrown into turmoil by the collapse of Lehman Brothers and the stock and real estate market.

However, Japan isn’t the second-largest holder of U.S. treasury securities — the privately owned Federal Reserve Bank of New York is. That is, one of the 12 member banks of the illegal privately owned Federal Reserve System of the United States.

From their official numbers on April 21, 2010, they owned $771.57 billion in U.S. treasury securities — $3 billion more than Japan did in February.

Their parent organization, the Federal Reserve, lies about interest-free United States Notes, the currency that Congress issued to fund the Civil War, when the bankers were demanding 20-30% interest.

While United States Notes didn’t benefit the bankers, they clearly benefitted the American people, by not having to pay any interest during their entire lifetime, including to this very day. On the other hand, the Federal Reserve Bank of New York is receiving interest from their $771 billion in treasury securities, and as a member bank of the Federal Reserve, it receives a 6% annual dividend on its stock in the Federal Reserve System, with the proceeds going to private interests.

Even calculating with the current all-time low Federal Funds Rate of 0.25% on all the bank’s $771 billion in treasury securities, that’s nearly $2 billion a year in interest that could be saved by this and future generations, which will be compounded every year, and will reach $15-50 billion when annual interest rates reach a more historically recent level of between 2-6%.

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On October 22, 2009, Charlie Rose conducted one of the most impressive interviews with any political leader I have ever seen. Former Prime Minister of Singapore, Lee Kuan Yew, who transformed the country from third-world status in 1965, to one of the “Asian tigers” and leading port city in the world, by 1990. His intelligence, focus, communication skills, and, in my estimation, impeccable and accurate insight, show how he accomplished what he did. I believe the U.S., Europe, and people from all around the world would do well to heed his words.

The major world changes currently taking place, and the 300-year recovery of India and China:

LEE KUAN YEW: I see in Iraq and Afghanistan as distractions. That is not going to change the world whatever happens in Iran or Afghanistan, because the major changes that are taking place is the recovery of China, and to a lesser extent of India, places occupied three centuries ago before western colonization blanketed them.

Three centuries ago, they were, between the two of them, 60 percent of the world GDP, just the population and the production they put out.

On when China will catch up to the U.S. economically:

LEE KUAN YEW: Even in three decades it won’t reach its full strength. In three decades its per capita is still about one-third of America.

CHARLIE ROSE: It’s gross domestic product.

LEE KUAN YEW: For it to reach America’s standard of living and standard of technology will take more than 100 years.

On India compared to China:

LEE KUAN YEW: (INAUDIBLE) . if India were as well-organized as China, it will go at a different speed, but it’s going at the speed it is because it is India. It’s not one nation. It’s many nations. It has 320 different languages and 32 official languages.

So no prime minister in Delhi can at any one time speak in a language and be understand throughout the country. You can do that in Beijing.

On Japan’s future demographic and financial challenges:

LEE KUAN YEW: I think the Japanese need an overhaul.

CHARLIE ROSE: In terms of their political system?

LEE KUAN YEW: Yes, and in terms of their acceptance of immigrants. Their birth rate — their fertility rate is just slightly higher than ours. We’re 1.29 and they’re 1.30. They are shrinking.

But Japan does not want immigrants, so they’re stuck. Today they have 3.2 working persons to support one adult. In 2055, they’ll have 1.2 persons to support one adult.

On the Chinese mindset:

LEE KUAN YEW: For the Americans, you have got to cease to think in terms of the Chinese as they are today. The Chinese as they are today are people who have been suffering for a very long time, especially under Mao, and who feel that the world is cruel to them. And therefore they’re very edgy.

They are — if you talk to Chinese leaders now, those over 60, they are with Russian as their second language. In 20, 25 years time, they’re going to meet a generation who are now in the lower ranks who have been to America and Britain and Europe and will be English-speaking and have different models in their minds.

And they will know that they’re not going to be the sole power in the world. Not ever again, because this is a globalized world, and they know that they’re dependent on the world for their growth. The resources that…

The importance of technological development to drive economic and social development:

CHARLIE ROSE: Can you make an argument that a country who leads in technology and science, it will go a long way in terms of their place in the world?

LEE KUAN YEW: Yes, of course. That’s why I think the U.S. will still be a very powerful and considerable inventor and creator of new products.

On the continued essential importance of the U.S. in world affairs:

LEE KUAN YEW: I think the U.S. could be a benign stabilizer of the of the world order.

CHARLIE ROSE: But you also say with the United States, it has to realize most problems need an American participation in order to be solved.

LEE KUAN YEW: Yes, absolutely. Absolutely.

On the 21st century:

LEE KUAN YEW: Two things. First, that the 21st century will be a contest for supremacy in the Pacific because that’s where the growth will be. That’s where the bulk of the economic strength of the globe will come from.

If you do not hold your ground in the Pacific you cannot be a world leader. A world leader must hold his ground in the Pacific. That’s number one.

Number two, to hold ground in the Pacific, you must not let your fiscal deficits and dollar come to grief. If it comes to grief in the short term and there’s a run on the dollar for whatever reason, because of deficits are too big and the world — the financial community and the bankers and all the hedge funds and everybody come to a conclusion that you’re not going tackle these deficits and they begin to move their assets out, that’s real trouble.

What surprised him:

LEE KUAN YEW: That the impossible can happen. I never thought the Soviet Union would implode so easily, and I never thought the Chinese would abandon the communist system and move into the free market so readily. It was unthinkable 20 years ago.

Both have happened. The world has changed.

Who China is and where it’s going:

LEE KUAN YEW: No, you don’t have to encourage them. You just have to understand that they are — look, they don’t want to be an honorary member of the west, unlike Russia. They’re quite happy to be Chinese and to remain as such.

So when you tell them you ought to do this or you ought to do that, they say yes, thank you. And in the back of their minds, we have lasted 5,000 years. Have you?

(LAUGHTER)

The Beijing Olympics if you watch it, what was the message?

CHARLIE ROSE: We’re back.

LEE KUAN YEW: No — 5,000 years, and don’t forget, we invented all these things, and we’re going to go ahead in the next 5,000 years. It’s the only country where a language has survived 5,000 years, the only country by the present generation shares the same basic thinking as the past. And they’re very proud of it.

You read Hu Jintao’s speech on the 60th anniversary, translated on the web — what is it? We have 5,000 years of civilization. We’re going to get there.

And it’s a rousing speech. It may take us a long time, we have to work very hard. We will do it. So you don’t have to encourage them.

The imperative social responsibility of a leading world power:

What you have to get them to understand is with it goes responsibility. Hungry Africans, hungry, sick other people. This is a global problem. You can’t just take copper and gold and take it. You have to have a responsibility for the people’s whose copper and gold you’re mining. It goes with the job, and they will have to learn that.

I think they are already beginning to learn that, so they’re giving something back.

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