Armenian Genocide 1915

Today, it is 100 years since the Armenian Genocide in April 1915.

The Ottoman Empire forced Armenian civilians out of their country, marching them to prison camps and murdered as much as 1,5 million people. Christian Armenian men, woman and kids were killed, but Turkey and the United States still does not officially recognize the tragedy as a genocide.

What in the world is going on here?

 

Armenian_AmbassadorMorgenthautelegram

(A telegram sent by Ambassador Henry Morgenthau, Sr, to the State Department on 16 July 1915 describes the massacres as a “campaign of race extermination”.)

 

The Armenian Genocide is also known as Armenian Holocaust, the Armenian massacres and, traditionally by Armenians, as Medz Yeghern («Great Crime»). The Ottoman Empire started the Genocide on 24 April 1915, arrested and executed some 250 Armenian intellectuals and community leaders in Constantinople.

The genocide was carried out during and after World War I and implemented in two phrases; the wholesale killing of the able-bodied male population through massacre and subjection of army conscripts to forced, followed by the deportation of woman, children, the elderly and infirm on death marches leading to the Syrian desert.

Driven forward by military escorts, the deportees were deprived of food and water and subjected to periodic robbery, rape, and massacre.

Raphael Lemkin was explicitly moved by the Armenian annihilation to coin the word genocide in 1943 and 1944 and define systematic and premeditated exterminations within legal parameters.

The Armenian Genocide is acknowledged to have been one of the first modern genocides.

It is because scholars point to the organized manner in which the killings were carried out in order to eliminate the Armenians, and it is the seconds most-studied case of genocide after the Holocaust. To date, 23 countries have officially recognized the mass killings as genocide.

Armenian_Morgenthau336

(Of this photo, the United States ambassador wrote, “Scenes like this were common all over the Armenian provinces, in the spring and summer months of 1915. Death in its several forms—massacre, starvation, exhaustion—destroyed the larger part of the refugees. The Turkish policy was that of extermination under the guise of deportation)”

 

Pope Francis spoke at the Vatican a few days ago to mark the centenary of the slaughter, and said it is «widely considered the first genocide of the 20th century». A quote from Pope John Paul II, who said some of the same words in 2001, but Pope Francis said more;

Equating the destruction of the Armenians to the Nazi Holocaust and the Soviet bloodbath under Stalin. But that`s not all. He also linked the genocidal Ottoman assault on Armenia, the World`s oldest Christian nation, with the epidemic of violence against Christians today, especially by such radical Islamist terror groups as ISIS, Boko Haram, and Al Shabab.

Turkey reacted angrily.

The Turkish foreign minister denounced the pope for fueling «hatred and animosity» with his «unfounded allegations.» The Turkish government denied, and to this day, the use of the word «genocide» to describe the killing of the Armenian is a criminal offence in Turkey.

Some Turkish authorities claim it is an international conspiracy against them. Someone who look like friends, but want to kill them. The Turkish Prime Minister claim that the Pope are joining a conspiracy of an evil front against Turkey.

Tayyip Erdogan blocked Twitter and Facebook last year. Turkey is one of the strictest internet censors in the world. Erdogan said the social media is the worst menace to society.

Hundreds of eyewitnesses, including the neutral United States and the Ottoman Empire’s own allies, Germany and Austria-Hungary, recorded and documented numerous acts of state-sponsored massacres.

Photographs exist that may suggest the Germans participated in the mass killing. One photograph shows two unidentified German army officers standing amidst human remains. The discovery of this photograph prompted English journalist Robert Fisk to draw a direct line from the Armenian Genocide to the Holocaust.

The powerful Ottoman interior minister during World War I, certainly didn`t disguise his objective. «The Government… has decided to destroy completely all the indicated (Armenians) persons living in Turkey,» he brusquely reminded officials in Aleppo in a September 1915 dispatch. «An end must be put to their existence… and no regard must be paid to either age or sex, or to conscientious scruples.»

Armenians_Turkish_statesman_denounces_atrocities

(Mehmed Serif Pasha was a prominent member of the Young Turk government who, in a New York Times article dated 10 October 1915, condemned the massacres and declared that the Armenians were being “annihilated” due to CUP’s policies).

 

Eitan Belkind was a Nili member who infiltrated the Ottoman army as an official. He was assigned to the headquarters of kamal Pasha. He claims to have witnessed the burning of 5,000 Armenians. Lt. Hasan Maruf of the Ottoman army describes how a population of a village were taken all together and then burned. Vahakn Dadrian wrote that 80,000 Armenians in 90 villages across the Mus plain were burned in «stables and haylofts».

Trabzon was the main city in Trabzon province; Oscar S. Heizer, the American consul at Trabzon, reported: “This plan did not suit Nail Bey… Many of the children were loaded into boats and taken out to sea and thrown overboard”. (This exactly whats going on in Libya today).

Dr. Ziya Fuad and Dr. Adnan, public health services director of Trabzon, submitted affidavits reporting cases in which two school buildings were used to organize children and send them to the mezzanine to kill them with toxic gas equipment.

Jeremy Hugh Baron writes: “Individual doctors were directly involved in the massacres, having poisoned infants, killed children and issued false certificates of death from natural causes.

About 2 million Armenian lived in the country in 1914 (before the genocide started). By 1918, 10 percent was left. Many was killed while others fled for their lives. The Armenians were not only victims of genocide, but also of jihad.

The jihadists of 1915 murdered «bishops, priests, religious men and woman, the elderly and defenseless children and the infirm.

Eyewitnesses want to remind us that the jihadist savagery of ISIS and Al Qaeda is not an innovation.

 

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Tech reports on the way

Earnings reports are back on track again, and this time I will as usual follow tech companies. It is a huge day for tech company earnings tomorrow, and we will see reports from Amazon.com (AMZN), Google Inc (GOOG/GOOGL), Digi International Inc (DIII), Ericsson (ERIC), Verisign Inc (VRSN) and the good old Bill Gates company Microsoft Inc (MSFT).

It is a very important day for Amazon.com tomorrow. More important than their previous reports, and analysts expect a loss of 12 cents per share on a revenue of $22,43 billion. Some people I have talked with expect profits of 1 cent per share.

The most exited issue about the report tomorrow will probably be their AWS (Amazon Web Services) revenue number.

Amazon Prime Air

We will probably see an all time high if the AWS numbers is good, and this is why Amazon.com is some different from Google and Microsoft. Synergy Research Group said Amazon`s AWS has a market share of 28 percent of the global cloud infrastructure market. Microsoft have 10 percent and Google 5 percent, but be aware that we are in an early stage.

Keep in mind that Amazon also can start to deliver packages at the cost of only $1! Last year, Amazon announced Prime Air which is Amazon`s company to deliver packages to the customers by a drone (UAV). If FAA say yes for this business, I think the traditional transport sector will be hit hard and shares of Amazon will fly high. Amazon shares is up 26,8% YTD, trading at $389,53.

Google and Microsoft will both report earnings on thursday, and the big question is; can Microsoft`s Nr. 2 search-engine Bing challenge the internet search giant Nr 1 Google?

Microsoft has been a Nr 2 for a while with 19,8% market share. Google is a clear winner in the U.S search market with a market share of 64,5%.

Google is still big and dominant, but Bing has become a major player in the search market. To compare; Yahoo is the third biggest in the U.S with a market share of 12,8%. AOL; 1,1%. But this is based on desktop search.

Desktop is one thing, but mobile is another. Google dominates the mobile search market with a 93% market share. Bing`s desktop market share can rise up if their Windows 10 are taking off with Bing as a major default search engine, but taking market share in the mobile market will be more difficult.

It will more difficult because Bing has no presence on Apple iOS, nor Android devices.

More exited tech reports and news is coming out. Not only on thursday, but on monday next week. I guess Apple and CEO Tim Cook will talk about Apple Watch on monday. Tim Cook`s first major product launch under his leadership.

Tim Cook is stepping out from Steve Jobs` enormous shadow and Apple Watch officially goes on sale on Friday. Apple haven`t revealed any pre-order sales data, but third-party estimates look great so far.

Any awful news for other smartwatch companies on monday?

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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What is TPP?

European Union`s (EU) got competition, and the new competitor is TPP. The economic power of this group is 40% larger than EU, and the TPP agreement came into effect in 2006.

The Trans-Pacific Partnership (TPP) is a proposed regional regulatory and investment treaty. The proposed agreement began in 2005 as the Trans-Pacific Strategic Partnership Agreement (TPSEP or P4).

The TPSEP was previously known as the Pacific Three Closer Economic Partnership (P3-CEP), and it`s negotiations was launched on the sidelines of the 2002 APEC Leaders` Meeting in Los Cabos, Mexico, by Prime Ministers Helen Clark of New Zealand, Goh Chok Tong of Singapore and Chilean President Ricardo Lagos.

TPP_map

(Green dark; Currently in negotiations   Green light; Announced interest in joining   Blue; Potential future members)

 

All original and negotiating parties are members of the Asia-Pacific Economic Cooperation (APEC). The TPSEP and TPP are not APEC initiatives, but the TPP is considered to be pathfinder for the proposed Free Trade Area of the Asia-Pacific (FTAAP), an APEC initiative.

(21 APEC countries account for about 45% of global trade. They also make up some 40% of the world`s population).

It is a comprehensive agreement, affecting trade in goods, rules of origin, trade remedies, sanitary and phytosanitary measures, technical barriers to trade, trade in services, intellectual property, government procurement and competition policy.

Among other things, it called for reduction by 90 percent of all tariffs between member countries by 1 January 2006, and reduction of all trade tariffs to zero by the year 2015.

On the last day of the 2010 APEC summit, leaders of the nine negotiating countries endorsed the proposal advanced by US President Barack Obama that set a target for settlement of negotiations by the next APEC summit in November 2011. However, negotiations have continued through 2012, 2013 and 2014.

Japan officially joined the TPP negotiations on 23 July 2013. According to the Brookings Institution, Prime Minister Abe’s decision to commit Japan to joining the TPP should be understood as a necessary complement to his efforts to stimulate the Japanese economy with monetary easing and the related depreciation of the Yen. These efforts alone, without the type of economic reform the TPP will lead to, are unlikely to produce long-term improvements in Japan’s growth prospects.

Members and potential members are Brunei, Chile, New Zealand, Singapore, United States, Australia, Peru, Vietnam, Malaysia, Mexico, Canada, Japan, Taiwan and Republic of Korea. South Korea is interested in joining the club. So are Taiwan, Philippines, Laos, Colombia, Indonesia, Cambodia, Bangladesh and India.

China and Thailand is also interested in joining the TPP club.

The negotiations goes on and it seems to be difficult for some countries to make an agreement which causes delays. Wikileaks’ exposure of the Intellectual Property Rights and Environmental chapters of the TPP revealed “just how far apart the US is from the other nations involved in the treaty, with 19 points of disagreement in the area of intellectual property alone.

One of the documents speaks of ‘great pressure’ being applied by the US.” Australia in particular opposes the US’s proposals for copyright protection and an element supported by all other nations involved to “limit the liability of ISP`s for copyright infringement by their users.” Another sticking point lies with Japan’s reluctance to open up its agricultural markets.

According to The Nation`s interpretation of leaked documents in 2012, countries would be obliged to conform all their domestic laws and regulations to the TPP’s rules, even limiting how governments could spend their tax dollars.

As of 2012, US negotiators were pursuing an investor-state dispute settlement mechanism, also known as corporate tribunals, which can be used to attack domestic public interest laws.

This mechanism is a common provision in international trade and investment agreements, that grants an investor the right to initiate dispute settlement proceedings against a foreign government in their own right under international law. For example, if an investor invests in country “A”, a member of a trade treaty, and country A breaches that treaty, then the investor may sue country A’s government for the breach.

Critics of the investment protection regime argue that traditional investment treaty standards are incompatible with environmental law, human rights protection, and public welfare regulation, meaning that TPP will be used to force states to lower standards e.g., environmental and workers protection, or be sued for damages. The Australian government’s position against investor state dispute settlement has been argued to support the rule of law and national energy security.

On March 26, 2015 WikiLeaks released the TPP’s Investment Chapter. According to WikiLeaks, the accord would grant the power to global corporations to sue governments in tribunals organized by the World Bank or the United Nations to obtain taxpayer compensation for loss of expected future profits due to government actions.

Another contentious issue of the TPP negotiations has been currency manipulation, wherein a country devalues its currency to boost exports and gain a trade advantage.

Politicians such as Senator Lindsey O. Graham and Representative Sander M. Levin “gathered a group of economists, manufacturing industry officials and labor leaders who agreed that the TPP should die unless it credibly prohibits countries from manipulating the value of their currency.”

Many economists claim that currency manipulation by Asian manufacturing countries has become pervasive, “allowing them to boost their exports at the expense of manufacturing companies in the United States and Europe.”

Furthermore, organisations such as the WTH or IMF cannot control such currency manipulation, so some are calling upon the US to “use the free-trade talks to force an end to such actions.”

A keynesian economist, Joseph Stiglitz, warned that the TPP presented «grave risks» and «serves the interests of the wealthiest.»

Organized labour in the U.S argued that the trade deal would largely benefit corporations at the expense of workers in the manufacturing and service industries. The Economic Policy institute and the Center for Economic and Policy Research argued that the TPP could result in further job losses and declining wages.

Global Intellectual Property Center (GIPC) has another point of view. In intellectual property (IP)-intensive sectors alone, more than 55 million jobs generate 74% of U.S exports, creating jobs at home while establishing the U.S as a leader in innovation and creativity.

A high standard TPP agreement would provide an opportunity to empower other nations to harness their innovative potential while also fostering American jobs and promoting U.S most cutting-edge industries.

Office of the United States Trade Representative says TPP will make it easier to sell Made-in-America goods and services exports to some of the most dynamic and fastest growing markets in the world, and support homegrown jobs and economic growth.

American small businesses are the backbone of the U.S economy, and have accounted for nearly two-thirds of new private sector jobs in recent decades. The TPP will improve transparency and regulations to help U.S companies engage in and benefit from increased trade in the Asia-Pacific.

The Trans-Pacific Partnership will grow trade with one of the world`s fastest growing regions, Office of the United States Trade Representative said.

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Where is the bottom in Europe and Euro

Many analysts are so positive and belive Europe`s financial crisis is over. ECB`s Precident Mario Draghi started to pump a lot of money into the market and will continue to do that until next year. The Euro has plummeted, trading at 1,07, and many think that this is the bottom.

I see different things in my TA.

Euro symbol

First of all; The inflation rate is still -0,1 percent, and that mean deflation, which is not a good thing. The figure is skewed due to the size of Germany`s economy. Actually, things are worse in other Euro areas. Take a look at this;

Finland -0,1
France -0,1
Greece -2,1
Ireland -0,6
Italy -0,09
Poland -1,5
Spain -0,7
Switzerland -0,9

This is deflation, and this is not a growth story like Venezuela which had an inflation rate of 68,5 (!) in December 2014. How is it going on with the buying power in Europe right now? Falling prices is good for the unemployed people in Europe, because their buying power is weak.

But how many are unemployed in Europe right now? The unemployment rate in the Euro Area is 11,30, but once again; it`s even worse in some areas in Europe. Worst is Greece with an unemployment rate of 25,70. This is worse than Nigeria (23,90), and South Africa (24,30).

Spain 23,7
Italy 12,7
France 10,4
Finland 10,1
Ireland 10,0
Poland 11,7

Unemployment rate in the U.S is 5,50 right now, and that`s much better than it was a year ago. The unemployment rate in the Euro Area is better than earlier this year (11,40), but it`s still very high and not low enough to claim that the reversal is underway. Again; the numbers are skewed due to Germany`s low unemployment rate of 4,8 percent.

Youth unemployment rate is 22,90 in the Euro Area, which means about 5 million Europeans under the age of 25 are unemployed. This is a big problem. Take a look at the Youth unemployment rate numbers below;

Finland 21,4
France 24,7
Greece 51,2
Ireland 21,6
Italy 42,6
Poland 20,8
Spain 50,7
United Kingdom 15,9

Youth unemployment rate in the U.S is 12,3, but what is that compared to Greece or Spain with their 51,2 and 50,7 percent youth unemployment? Can you belive that? More than half of the teenagers at the age of 25 or below is unemployed in Greece and Spain.

It`s very expensive for a country to have a lot of unemployed people.

Severe austerity measures continue to this day and they are hollowing out Europe`s economic growth. Just take a look at the numbers. Before the Greek crisis flared up, their debt to GDP stood at 113 percent, but today their debt to GDP is amazing 174,9 percent.

Debt to GDP in Euro Areas is 90,9, but take a look at the other countries in Europe;

Italy 132,1
Ireland 123,3
France 92,2
Finland 59,3
Germany 79,0
Spain 97,7

To compare; Debt to GDP in the U.S is 101,53. In Japan 227,2 to name a few. You can imagine how Europe`s debt is after ECB`s QE program is finnish?

All the austerity measures that Europe has implemented have done nothing to reduce debt levels. Instead, they are hurting the people of Europe, and the economic growth is far away from the truth.

There is NO evidence Europe`s economy is improving, and when you look at the numbers you know that this is gonna take a long time to recover, and I`m not talking about a few weeks, a couple of months or three. But I know there are a lot of them who belive so.

The Euro is trading at 1,07 and its long-term uptrend line is broken and minor cyclical support is declining. If you follow TA, you can see that the Euro can go down to about 0,75. Good news will make the opposite trend.

The Euro can go down to 0,35 but I dont`t think it will go that low. It will be complete chaos in Europe once the currency falls back to its 2001 low of 0,80. Analysts at Morgan Stanley say the euro is undervalued by about 20%, and fair value should be about $1,32, they said.

The Euro Area is in trouble and Greece is running out of money, and the future of the common currency itself is in peril, because some investors is worried that one member`s exit could trigger an unpredictable unraveling.

Analysts at investment bank Morgan Stanley say the euro should be worth $1,59 based on Germany`s strength, and it ought to be $1,09 for Greece. So, Greece is closer to haveing a fair value than Germany. This valuation should trigger the question of who should leave the eurozone. Greece? Germany? Others?

The euro has never been less popular with the international community. Bearish bets have reached a record. People hate the euro, and that is not only because the protester Josephine Witt showered Mario Draghi with confetti.

Average yield on German government debt fell below zero for the first time today. Lending to Germany for ten years will earn you just 0,088 percent in yield. That`s nothing. Investors will soon be paying for owning a 10-year German bond.

Why should you own euros invested in negative-yielding securities when dollars generate positive returns? And how popular will euro be if we face a Grexit?

«Without deep economic reform or further relief, S&P expects Greece`s debt, other financial commitments to be unsustainable,» the rating company Standard & Poor`s Corp said.

The recovery in the U.S has been slow. Now Europe is next with QE. It didn`t work in Japan. Will it work in Europe?

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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