Watch this Canadian video.

Here’s why our Masters did it.

The plural of a B-word comes to mind.

De l’efficacité des prothèses
Date de diffusion : 21 février 1964
http://archives.radio-canada.ca/sante/sante_publique/dossiers/65-865/

L’Institut de réadaptation de Montréal devient le lieu de convergence des victimes de la thalidomide.

Son mandat est confié au docteur Gustave Gingras, qui met en place un programme canadien de réadaptation pour les handicapés. Quarante trois cas de malformations et d’amputations congénitales y sont traités.

En 1963, l’Institut introduit au Canada une prothèse à air comprimé. L’année suivante, il est le premier en Amérique du Nord à utiliser et à perfectionner la prothèse myoélectrique.

Des prothèses artificielles sont créées afin de faciliter la mobilité des victimes et de normaliser leur apparence physique.

Mais très vite, l’équipe du docteur Gingras prend conscience que les enfants nés sans membres ne possèdent pas de représentation mentale de leurs membres, contrairement aux amputés traumatiques.

Leur cerveau ne peut donc pas se servir du membre artificiel que représente la prothèse. Le suivi psychologique est donc capital.

Don’t forget; Thalidomide ‘was created by the Nazis’

Grünenthal apparently purchased the trade name of the drug – Contergan – and therefore probably the substance itself, from a French firm, Rhône-Poulenc, which was under Nazi control during the war years.
(From The Sunday Times
February 8, 2009
Thalidomide ‘was created by the Nazis’
http://www.timesonline.co.uk/tol/life_and_style/health/article5683577.ece

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

Update 1 added the top question

Update 2 adds the final sentence

If I was forced by Society to do it, how can Ramsay Scott be prevented by the same Society from being in the position of possibly doing it?

3 years and 9 months for Ramsay Scott     
Written by David Rawcliffe     
Friday, 25 September 2009 06:02 
http://www.adamsmith.org/blog/justice-and-civil-liberties/3-years-and-9-months-for-ramsay-scott-200909254181/
SNIP
Take pity on Ramsay Scott, a 21 year-old man sentenced on Wednesday to 3 years and 9 months in prison for firearms possession. The student, who has been diagnosed as suffering from Asperger’s Syndrome or a schizoid personality disorder, had bought £20,000 worth of gun components on the internet, and amassed a collection including pistols, sub-machine gun parts and ammunition.
There is no evidence whatsoever that Scott had ever harmed anyone else with these weapons, nor that he had any intention of doing so. As Lord Uist remarked to the High Court in Edinburgh on sentencing him:
It is probably impossible to say what, if anything, you would have done with the weapons had the police not intervened.
He explained that Scott’s was guilty not because he had actually hurt someone else, but because:
There must have been at least the possibility that you would have used them to cause injury to others
UNSNIP

“There must have been at least the possibility that you would have used them to cause injury to others. “

On me, thalidomide monster, the Heidelberg quacks forced a hook 40 years ago when I was seven.

Yes, everybody was afraid of me, But still, they forced me.

They didn’t tell that I could have used that hook to cause injury to others.
No they forced me.

And one year later, I had to run against a car

Both femurs broken and 6 weeeks of coma

And after that, they still forced me.

Témoignage thalidomide : Les Monstres de Heidelberg
par Ivo Cerckel
mercredi 2 septembre 2009
http://www.agoravox.fr/tribune-libre/article/temoignage-thalidomide-les-60989

Free Ramsay Scott!

See also the comments (not mine) and all the arguments in the article and in the comments at the Adam Smith Institute link above.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

At the end of the day, Merkel will have nothing to regulate.

From The Sunday Times
February 8, 2009
Thalidomide ‘was created by the NAZIS’ (1)

Regulators allowed thalidomide on the market and when the whistle on thalidomide was blown at a Düsseldorf congress of neurologists on 30 April – 01 May 1960, those same regulators have not done anything.
Thalidomide was eventually taken from the market on 27 November 1961, by its maker, Chemie Grünenthal GmbH, and thus not by the regulators who had allowed it in the first place.  (2)

Comprendo?

And then they argue that we need product liability laws, just like in Pittsburg, the G20 is now conspiring to destroy everything.

The crisis is due to unbacked at least irredeemable paper money and fractional-reserve banking. (3)

But German chancellor Angela Merkel, who’s coming up for re-election or not this week-end in Germany, is arguing that market regulation is more important than the rebalancing of the economy. (4)

That’s what our Masters, who let thalidomide on the market for 18 months after the Düsseldorf 30 April – 01 May 1960 warning, also said after thalidomide: “we, bureaucrats, need more regulation”.

At the end of the day, Merkel will have nothing to regulate.

From The Sunday Times
February 8, 2009
Thalidomide ‘was created by the Nazis’ (1)

For your consideration …

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
http://www.timesonline.co.uk/tol/life_and_style/health/article5683577.ece

(2)
http://bphouse.com/honest_money/human-testing/
[If the link does not work, try to copy it and paste it in your browser]

(3)
http://bphouse.com/honest_money/worthless-digital-liquidity-and-fractional-reserve-banking-are-fraudulent-%e2%80%93-let-the-system-collapse-now/

Guv’mints want to have their cake and eat it too. It is about time they get out of the way.

Liverpool Thalidomide victim Gary Skyner goes on hunger strike for compensation
Liverpool News , Sep 22 2009
by Liza Williams, Liverpool Daily Post
http://www.liverpooldailypost.co.uk/liverpool-news/regional-news/2009/09/22/liverpool-thalidomide-victim-gary-skyner-goes-on-hunger-strike-for-compensation-92534-24747475/
SNIPS
A MERSEYSIDE thalidomide victim has gone on hunger strike in protest at the Government’s refusal to pay compensation to those affected by the drug.
+
The father-of-two said: “I am prepared to go all the way with this but we have been forgotten for too long, enough is enough.
“I was diagnosed with a cardiac complaint in April and will therefore most likely not have a normal life expectancy.
“If this process has to accelerated because of our cause, then so be it.
+
“The Government need to take responsibility because they granted a UK licence for the drug.
UNSNIP

Ivo:
Any law book on product liability will tell you that thalidomide shows that and why we need product-liability laws.

Guv’mints are liable for thalidomide because their regulators allowed thalidomide on the market and when the whistle on thalidomide was blown at a Düsseldorf congress of neurologists on 30 April – 01 May 1960, those same regulators have not done anything.
Thalidomide was eventually taken from the market on 27 November 1961, by its maker, Chemie Grünenthal GmbH, and thus not by the regulators who had allowed it in the first place. Comprendo?
http://bphouse.com/honest_money/human-testing/
[If the link does not work, try to copy it and paste it in your browser]

Gary says that he has not a normal life expectancy and that if this process has to be accelerated because of our cause, then so be it.

Yes, our Masters continue to argue that thalidomide shows the need for a welfare state, c.q. a police state,
while at the same time continuing to refuse compensation for the damage thalidomide monsters like myself suffer as a result of the guv’mints’ intentional acts of letting thalidomide be marketed for more than 18 months after 01 May 1960.

It is about time that this comedy stops.

Potverdorie!

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

In the real world, some people know that gold and oil are real wealth no matter what currency price is put on it.
It is the movement of gold in the hidden background that has kept oil at these low prices.
Oil must be billed at its correct “value” which must be reflected in FreeGold.

I said in my 09 September 2009 “Gulf dinar to be backed by gold hiding in oil”-post that the Gulf oil-wealth will back up the Gulf dinar, the Gulf Co-operation Council (GCC)’s single currency (1)

In my “Why use dollar for int’l trade? – former Malaysian PM”-post of 16 September 2009, I quoted former Malaysian prime minister Tun Dr Mahathir Mohamad as asking last week why the planet should continue to use the dollar in international trade and as saying that the new reserve currency, the new currency settling international trade, will have to be gold backed. (2)
Dr Mahathir is thereby departing from his earlier proposal to use the Islamic gold dinar in trade between countries.

Now I want to examine how the GCC’s gold and oil reserves backing the Gulf dinar will determine the dinar’s value.

People erroneously believe that the dollar has the power to buy oil, just like US president Barack Obama thinks that at this week’s G20 summit in Pittsburgh, he can safeguard “our” global financial system by enacting another batch of regulations.

THE ARCHITECTS

The architects of the New Oil-Standard know that it is the movement of gold in the hidden background that has kept oil at these low prices. Not military might, not a strong dollar, not political pressure, no it was real physical gold. In very large amounts. Oil is the only commodity in the world that was large enough for gold to hide in. (3)

The architects of the New Oil-Standard know that the fact that the dollar is still being used as the intermediary numéraire for oil-trade settlement, as the intermediary basic “standard” by which values are measured for oil-trade settlement, gives this dollar-paper the backing of oil becomes an indispensable valuable.

The architects of the New Oil-Standard know that once oil will see no more reason to support/back the dollar, oil will “openly” shift towards gold and back it (through demand for gold) so as to create the new market for physical gold in association with the gold-friendly numéraire which the Chinese yuan or renminbi is.

The architects of the New Oil-Standard long-suspected that China is increasing its gold reserves in order to achieve FreeGold, a free-floating price of Gold as an alternative to the dollar regime. FreeGold makes gold the natural vehicle to temporarily or eternally store one’s wealth in, in order to be able to later convert it into tangible wealth.
More recently, China became alarmed by the money printing by the Federal Reserve, the US central bank, (4) and said it will continue to buy gold on the dips as a systematic policy. (5)

The Chinese want the world to know that they are increasing their gold, not euro (6), reserves so that the product (the “fruit”) of their wealth be consolidated with a view to further fructifying.

In the real world, some people know that gold and oil are real wealth no matter what currency price is put on it.

THE OLD GOLD-STANDARD

The old gold-standard could not change human nature which dictates that no ruler can withstand the pressure to print more receipts than he has gold in reserve. (7) The old gold-standard did moreover not provide for the possibility that an increase of the ounces, kilograms, or tonnes of gold held in reserve would lead to an increase in the currency’s value. Its chief weakness was however that it could be repealed by the politicians. (8)

Before 15 August 1971, when US president Richard Nixon broke the 1944 Bretton Woods agreements which linked the US dollar at fixed parity to gold and all other currencies to the said dollar, oil producers accepted the ease of trading oil for dollars because these “casino chips” could be exchanged at the cashier window (the gold window). Then, in 1971 the “cashier” was closed for good. Hence, the 1973 (first) oil crisis. (9)

Before 15 August 1971 the dollar was backed by gold. Since then, the dollar is backed by demand for the “subjective use-value” of the dollar for oil (the Gulf dinar), oil (the Gulf dinar) still being priced in dollar. People need to use the dollar to buy oil (the Gulf dinar). The dollar is thus being backed by this need, the buyers of the dollar demanding dollars in order to be able to buy oil (the Gulf dinar).

As Ludwig von Mises points outs:
Use value in the “objective” sense is the relation between a thing and the effect it has the capacity to bring about. It is to objective use-value that people refer in employing such terms as the “heating value” or “heating power” of coal.
“Subjective” use-value is not always based on true objective use-value.
There are things to which subjective use-value is attached because people erroneously believe that they have the power to bring about a desired effect. On the other hand, there are things able to produce a desired effect to which no use-value is attached because people are ignorant of this fact. (10)

THE NEW OIL-STANDARD

The old gold-standard was not perfect, but at least it disciplined the monetary authorities in some way.

In order to return to some discipline, the Gulf dinar should have a gold component and a paper component, but put a “firewall” between the two so that gold’s valuation as a wealth-preserving asset cannot be pulled lower by the inevitable inflation of the paper component of circulating currencies. It is the marking to market (MTM) of the gold reserves of the GCC Central Bank (GCB) which should provide that wall.

Nothing prevents the GCC Monetary Union (GCC MU, GMU in short) from copying what the Chinese are doing and keep gold (the Mona Lisa) in the strong rooms (the Louvres) of its central banks and mark it to market (MTM) price
(not to the model of 44 dollar an ounce or so like the Fed, the US central bank)
on a regular basis.

Every individual of the planet would then be free to copy the concept of FreeGold.

In that case, every increase in the price of gold, would lead to an increase in the value (of the reserves) of the central bank and/or the individual.

Just like it would never enter the mind he owner of the Mona Lisa daily to organise a “test-action” to establish what today’s value of his wealth is, neither do the Chinese organise test auctions. Once FreeGold will have arisen, gold will continuously be auctioned … freely and on a global basis.

MTM of oil means that the objective use-value of oil in FreeGold must correctly reflect the wealth which oil produces for the planet.

Oil must be billed at its correct “value” which must be reflected in FreeGold whereby the exchange rate between the objective use-value of oil and the objective use-value of FreeGold remains constant or stable whatever the currency, that is, whereby the objective use-value of oil is “pegged” to the objective use-value of FreeGold.

That’s how the GCC oil-wealth will back up the Gulf dinar.

In the real world, some people know that gold and oil are real wealth no matter what currency price is put on it.

For the moment, the movement of gold keeping oil at these low prices is occurring in the hidden background. There is however no more reason for oil to back the dollar. The time has come for oil to “openly” shift towards the Gulf dinar and back it.

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

NOTES

(1)
Gulf dinar to be backed by gold hiding in oil
Posted by Ivo Cerckel on September 9th, 2009
http://bphouse.com/honest_money/2009/09/09/gulf-dinar-to-be-backed-by-gold-hiding-in-oil/
[If the link does not work, try to copy it and to paste it in your browser.}

(2)
Why use dollar for int’l trade? - former Malaysian PM
Posted by Ivo Cerckel on September 16th, 2009
http://bphouse.com/honest_money/2009/09/16/why-use-dollar-for-int%e2%80%99l-trade-former-malaysian-pm/
[If the link does not work, try to copy it and to paste it in your browser.}

(3)
ANOTHER (THOUGHTS!)
Foundational Gold Trail Commentary
The Inside Story on the Gold-for-Oil Deal that could Rock the World's Financial Centers
"Think now, if you are a person of "great worth" is it not better to acquire gold over years, at better prices? If you are one of "small worth", can you not follow in the footsteps of giants? I tell you, it is an easy path to follow!" --ANOTHER (THOUGHTS!) 1/10/98

http://www.usagold.com/goldtrail/archives/another1.html

Date: Sun Oct 05 1997 21:29
ANOTHER ( THOUGHTS! ) ID#60253:
SNIP
oil is being partially used to pay for gold! We are going to find out that the price of gold, in terms of real money ( oil ) has gone thru the roof over these last few years.

(4)
China alarmed by US money printing
The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.
By Ambrose Evans-Pritchard, in Cernobbio, Italy
Published: 9:06PM BST 06 Sep 2009
http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html

(5)
China, Bernanke, and the price of gold 
By Ambrose Evans-Pritchard
Last updated: September 7th, 2009
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100000821/china-bernanke-and-the-price-of-gold/
SNIP
Mr Cheng was until recently vice chairman of the Communist Party's Standing Committee and is now a sort of economic ambassador for China around the world […}
What he said about US monetary policy and gold -- this bit on the record -- would appear to validate the long-held belief of gold bugs that China has fundamentally lost confidence in the US dollar and is going to shift to a partial gold standard through reserve accumulation.
He played down other metals such as copper, saying that they could not double as a proxy currency or store of wealth.
"Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not stimulate the market," he said.
In other words, China is buying the dips, and will continue to do so as a systematic policy. His comment captures exactly what observation of gold price action suggests is happening. Every time it looks as if the bullion market is going to buckle, some big force steps in from the unknown.
Investors long-suspected that it was China.

(6)
contrast this to
European-Union Economic and Monetary Affairs Commissioner Joaquin Almunia who said on Friday
that China would rush into euros
and that this would have negative consequences for Europe by pushing up the value of its single currency,
adding that he thought a Chinese proposal to base a new global currency on the International Monetary Fund's Special Drawing Rights was inevitable.
(UPDATE 1-EU's Almunia hopes China won't rush into euros
09.18.09, 08:22 AM EDT   
By Jason Webb
MADRID, Sept 18 (Reuters) –
http://www.forbes.com/feeds/afx/2009/09/18/afx6903084.html

No, Mr Almunia, China doesn’t want SDRs. China wants the yuan to be gold backed.

With Chinese Freegold from a reserve currency to a world standard
by Ivo Cerckel
Tuesday, 2 September 2003
http://www.free-europe.org/english/2003/09/with-chinese-freegold-from-a-reserve-currency-to-a-world-standard/
[replace "derivates" in the text with "derivatives"]

Only Iran shifts its reserves towards and sells oil in euros.

Iran shifts currency reserves to euros
Sep 20, 2009 at 21:20
http://business.maktoob.com/20090000375246/Iran_shifts_currency_reserves_to_euros/Article.htm
SNIPS
Iranian President Mahmoud Ahmadinejad has issued an order to shift the oil-rich Persian Gulf nation’s foreign currency reserves from dollars to euro, the semiofficial Mehr news agency reported Sunday.
+
The Persian Gulf country has said it had stopped conducting crude trading in dollars and started using euro instead, Mehr said.

(7)
Roland Leuschel and Claus Vogt, “Das Greenspan Dossier, Wie die US-Notenbank das Weltwährungssystem gefährdet. Oder: Inflation um jeden Preis”, www.finanzbuchverlag.de, 2006, 3rd ed., p. 300

(8)
Leuschel and Vogt, op. cit., p. 304

(9)
DEAD END
WEDNESDAY, JUNE 17, 2009
Posted by FOFOA at 3:11 PM   
http://fofoa.blogspot.com/2009_06_01_archive.html

(10)
Ludwig von Mises, “Human Action – A Treatise on Economics”, Chicago, Contemporary Books, 1966, (originally published 1949), 3rd. rev. ed., p. 120

Tun Dr. Mahathir Mohamad, former Malaysian prime minister, reiterates that:
(a) as the whole world knows, the United States  is existing on unlimited loans by the rest of the world
(b) if the US Dollar were not used for trade payments and loans, then there would be no demand for it.

Dr Mohamad asks:
Why must we use the US Dollar for international trade?
Why can we not use the dinar or any other currency?

Dr Mohamad concludes that;
the actual name of the new reserve currency is not important but backing by gold is important.

Wednesday, September 16, 2009
NEW CURRENCY NEEDED, SAYS UN – BLOOMBERG
As posted by Dr. Mahathir Mohamad at Che Det on September 9, 2009 8:19 AM
http://mahathir-mohamad.blogspot.com/2009/09/new-currency-needed-says-un-bloomberg.html

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

From The Times September 11, 2009
China’s insatiable appetite for gold underpins market
Carl Mortished, World Business Editor
http://www.timesonline.co.uk/tol/news/world/asia/article6829932.ece

Comment
Ivo Cerckel wrote:

Nothing prevents the rest of the planet from copying what the Chinese are doing and keep gold (the Mona Lisa) in the strong rooms (the Louvres) of its central banks and mark it to market (MTM) price
(not to the model of 44 dollar an ounce or so like the Fed, the US central bank)
on a regular basis.
Every individual of the planet would then be free to copy the concept of FreeGold.
In that case, every increase in the price of gold, would lead to an increase in the value (of the reserves) of the central bank and/or the individual.

Just like it would never enter the mind [of the] owner of the Mona Lisa daily to organise a “test-auction” to establish what today’s value of his wealth is, neither do the Chinese organise test auctions. Once FreeGold will have arisen, gold will continuously be auctioned … freely and on a global basis.
September 11, 2009 5:10 AM BST on UK-TimesOnline

China, Bernanke, and the price of gold
By Ambrose Evans-Pritchard
Last updated: September 7th, 2009
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100000821/china-bernanke-and-the-price-of-gold/
SNIP
Mr Cheng was until recently vice chairman of the Communist Party’s Standing Committee and is now a sort of economic ambassador for China around the world […}
What he said about US monetary policy and gold — this bit on the record — would appear to validate the long-held belief of gold bugs that China has fundamentally lost confidence in the US dollar and is going to shift to a partial gold standard through reserve accumulation.
He played down other metals such as copper, saying that they could not double as a proxy currency or store of wealth.
“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not stimulate the market,” he said.
In other words, China is buying the dips, and will continue to do so as a systematic policy. His comment captures exactly what observation of gold price action suggests is happening. Every time it looks as if the bullion market is going to buckle, some big force steps in from the unknown.
Investors long-suspected that it was China. We later discovered that Beijing had in fact doubled its gold reserves to 1054 tonnes. Fait accompli first. Announcement long after.
UNSNIP

Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/

How dare Obama talk healthcare?

Predecessor JFK gave presidential award to thalidomide maker.

http://twitter.com/IvoCerckel/status/3889467875
referring to
http://bphouse.com/honest_money/human-testing/

Ivo Cerckel
honestmoney@maktoob.com