PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
An observer
 
Comments: 5
Article views: 0
 
 
Latest Badges:



 
View all An observer's badges.
 

This article has been selected as an Editor’s Choice report. Articles are selected based on quality of writing, audience response, newsworthiness and originality, and is at the discretion of the MyNews24 editors.

What does 2012 hold in store for us?

04 April 2012, 10:40
The year 2012, that has been prophesised by many different cultures to be a turning point, and is turning out to be a REALLY interesting year. Locally, we are faced with 2 pieces of legislation that are have the potential of disrupting our equilibrium and therefore our day-to-day lives, namley the Secrecy Bill and the e-tolling issue. Then, we are going to witness the "bloodbath of Mangaung".

Petrol prices are leaping ahead and will continue to do so as oil prices skyrocket. The USA have imposed sanctions on Iran from 30 June, for no reason other than they "believe" Iran is developing a nuclear capability, and feel threatened by it. What this means for South Africa, is that we are told by the USA that we must reduce our oil imports from Iran. We currently import about 25% of our oil from that beautiful country. As the sanctions against Iran begin to take hold we will suffer further increases in the price of oil, and possibly a shortage of oil.

This all seems like a bad news 2012, so if the world ends, then it can't be too bad, not so? Except that this is not going to happen. Internationally, we have many EU countries who are over-borrowed and are unable to meet their debt commitments, and so we read about "bale out packages".

Why did they over-borrow in the first place? What does this mean for us at the southernmost tip of Africa?There was an interesting revelation and request in the British parliament in February by one of the members of the house of lords, that defied rationality. The Lord in question was one Lord James of Blackheath. He informed the parliament in London that he had been following something that amused him from the year 2009. It appeared that an amount of $15 TRILLION (yes, that is what he said, equal to the national debt of the USA) had been transferred from the Federal Reserve Bank (via JP Morgan Bank, via HSBC Bank) to the Royal Bank of Scotland, and he requested that this transaction should be "investigated". He had copies of all the SWIFT transaction confirmations, and "oodles" of other evidence.

Did any of you notice this? Probably not.The signatories on the SWIFT notification are non other than the Secretary for the US Treasury, Bernanke, and the, then governor of the New York Federal Reserve, Alan Greesnspan, who it seems were conspiring with one George Bush, to redeem the EU banks. (Where does that money come from and who owns it?) It transpires, subsequently, that these funds had been transferred to 11 other banks.

One in particular caught my eye. It is the holding bank of our own Absa Bank that is in the process of mass retrenchment of staff. Now there have been no other further public revelations regarding this, but one wonders whether these banks have been asked to pay back the amount, or are greedily, "making hay while the sun shines".

Another interesting development has been the confiscation of US Treasury Bonds in Italy, US$ 3 trillions worth. Then there was the resignation of their Prime Minsiter Berlusconi, and subsequent charges of fraud against him. Have you been following this - US$ 3 trillion?Then our own South African, Greg Smith, takes on the largest bank in the USA, Goldman Sacks (for which he worked for 9 years and became a director), and describes them as a "toxic bank" who describe their customers as "muppets" from whom they conspire to "make as much money" as they possibly can. One has to ask, "Is the tyranny of the banks beginning to crumble?"

Between our own local differences and international developments, my advice is, "Hold onto your hats", preferably hard hats. 2012 is shaping up to be a huge rollercoaster ride.Let us all hold a thought for Iranians though. They are being targeted unjustly and unfairly, and I really hope that the USA will not decide to kill more people without recourse, and let us hope that our government will not give into the US demands.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
KevinKing
Oscar, guilty even if proven inno...

I was never intending to write anything on the Oscar Trial, but after reading an article titled “Pistorius Trial: The arrogance, the privilege, the farce, the insult” I suddenly have a lot to say. Read more...

1 comments 253 views
Submitted by
Mamokhele Sebatane
I spit on Oscar's 5 year sentence

I don't know much about law, or about the justice system. But I know the pain of losing someone, especially to death. Read more...

3 comments 94 views
Submitted by
Zulu Mkhise
"Some" justice

At least some justice was was served today, OP has remorse for his actions. Read more...

0 comments 807 views
Submitted by
Anne Els
OP vs OJ

I am so not impressed! In my opinion it is too light and he will probably only serve the 1/6th (10 months) and some other loophole will be found to get him out and into "House arrest". Read more...

12 comments 694 views
Submitted by
Vincent Van G
Pistorius: A slap on the wrist

I think this amounts to nothing but a slap on the wrist, and sends out the wrong message to society. Read more...

2 comments 256 views
Submitted by
Thando Nozenza Mohlomi
Disappointed by Pistorius judgmen...

He deserved to spend more time in prison 5 years is nothing compared to what Steenkamp's family losing their loved one. Read more...

0 comments 171 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.