Thursday, October 31, 2013
Wednesday, October 30, 2013
Wednesday, October 23, 2013
Tuesday, October 1, 2013
Friday, September 27, 2013
The FBI Can Remotely Activate your Android & Laptop Mics!
http://techbeat.com/2013/08/the-fbi-can-remotely-activate-your-android-and-laptop-mics/
Monday, September 23, 2013
Now ITALY!!! is doing depositor seizures with deposit haircuts (you money is ours, go away)
Recall that three weeks ago we warned that "Monti Paschi Faces Bail-In As Capital Needs Point To Nationalization" although we left open the question of "who will get the haircut including senior bondholders and depositors.... given the small size of sub-debt in the capital structures." Today, as many expected on the day following the German elections, the dominos are finally starting to wobble, and as we predicted, Monte Paschi, Italy's oldest and according to many, most insolvent bank, quietly commenced a bondholder "bail in" after it said that it suspended interest payments on three hybrid notes following demands by European authorities that bondholders contribute to the restructuring of the bailed out Italian lender. Remember what Diesel-BOOM said about Cyprus - that it is a template? He wasn't joking.
As Bloomberg reports, Monte Paschi "said in a statement that it won’t pay interest on about 481 million euros ($650 million) of outstanding hybrid notes issued through MPS Capital Trust II and Antonveneta Capital Trusts I and II." Why these notes? Because hybrid bondholders have zero protections and zero recourse. "Under the terms of the undated notes, the Siena, Italy-based lender is allowed to suspend interest without defaulting and doesn’t have to make up the missed coupons when payments resume." Then again hybrids, to quote the Dutchman, are just the template for the balance of the bank's balance sheet.
Why is this happening now? Simple: the Merkel reelection is in the bag, and the EURUSD is too high (recall Adidas' laments from last week). Furthermore, if the ECB proceeds with another LTRO as many believe it will, it will force the EURUSD even higher, surging from even more unwanted liquidity. So what to do? Why stage a small, contained crisis of course. Such as a bail in by a major Italian bank. The good news for now is that depositors are untouched. Unfortunately, with depositor cash on the wrong end of the (un)secured liability continuum it is only a matter of time before those with uninsured deposits share some of the Cypriot pain. After all, in the brave New Normal insolvent world, "it is only fair."
To wit:
“In the new world we’re in, bondholders pick up the tab when they can be forced to,” said John Raymond, an analyst at CreditSights Inc. in London. “State aid rules impose losses where possible.”
European Union Competition Commissioner Joaquin Almunia told reporters on Sept. 7 the bank should receive final approval for its restructuring plan within two months. The lender, which received a 4.1 billion-euro bailout, submitted a revised plan that more than doubles the amount of new capital it intends to raise to 2.5 billion euros as it seeks to repay the aid.
Almunia recommended that “cash outflows from the beneficiary to hybrid capital holders and subordinated debt holders be prevented to the maximum extent possible,” in a letter sent to Italian Finance Minister Fabrizio Saccomanni dated July 16 and seen by Bloomberg News.
More importantly, this is just the start:
Monte Paschi’s 108 million euros of undated, non-cumulative trust preferred stock issued through Antonveneta Capital Trust II fell 5 cents on the euro to 41 cents, according to Bloomberg bond prices. That’s the lowest price since April 23, data compiled by Bloomberg show.
While the bank is halting payments on the bonds that make up its Tier 1 capital, the most-junior layer of debt capital instruments, it also has the equivalent of about 2.6 billion euros of more-senior Upper Tier 2 debt in three issues in euros and pounds.
While Monte Paschi is making payments on these notes, it isn’t clear that it will be able to go on doing so, said Raymond.
Expect an update from the bank on Wednesday when it will hold a conference call.
Investors may be betting the bank will buy back the debt “at or slightly below current trading levels,” according to Eva Olsson, an analyst at Mitsubishi UFJ Securities in London. Individual investors in Italy hold many of the bonds and have been an important source of funds for banks in recent years, she said.
"Monte likely will have to raise capital next year and we view any capital raising exercise in the market as challenging,” Olsson wrote.
Indeed, and best of luck. As for how "bailed in" capital figures in terms of a bank's equity buffer/Tier 1 capital
http://www.zerohedge.com/news/2013-09-23/it-begins-monte-paschi-bails-bondholders-halts-650-million-coupon-payments
As Bloomberg reports, Monte Paschi "said in a statement that it won’t pay interest on about 481 million euros ($650 million) of outstanding hybrid notes issued through MPS Capital Trust II and Antonveneta Capital Trusts I and II." Why these notes? Because hybrid bondholders have zero protections and zero recourse. "Under the terms of the undated notes, the Siena, Italy-based lender is allowed to suspend interest without defaulting and doesn’t have to make up the missed coupons when payments resume." Then again hybrids, to quote the Dutchman, are just the template for the balance of the bank's balance sheet.
Why is this happening now? Simple: the Merkel reelection is in the bag, and the EURUSD is too high (recall Adidas' laments from last week). Furthermore, if the ECB proceeds with another LTRO as many believe it will, it will force the EURUSD even higher, surging from even more unwanted liquidity. So what to do? Why stage a small, contained crisis of course. Such as a bail in by a major Italian bank. The good news for now is that depositors are untouched. Unfortunately, with depositor cash on the wrong end of the (un)secured liability continuum it is only a matter of time before those with uninsured deposits share some of the Cypriot pain. After all, in the brave New Normal insolvent world, "it is only fair."
To wit:
“In the new world we’re in, bondholders pick up the tab when they can be forced to,” said John Raymond, an analyst at CreditSights Inc. in London. “State aid rules impose losses where possible.”
European Union Competition Commissioner Joaquin Almunia told reporters on Sept. 7 the bank should receive final approval for its restructuring plan within two months. The lender, which received a 4.1 billion-euro bailout, submitted a revised plan that more than doubles the amount of new capital it intends to raise to 2.5 billion euros as it seeks to repay the aid.
Almunia recommended that “cash outflows from the beneficiary to hybrid capital holders and subordinated debt holders be prevented to the maximum extent possible,” in a letter sent to Italian Finance Minister Fabrizio Saccomanni dated July 16 and seen by Bloomberg News.
More importantly, this is just the start:
Monte Paschi’s 108 million euros of undated, non-cumulative trust preferred stock issued through Antonveneta Capital Trust II fell 5 cents on the euro to 41 cents, according to Bloomberg bond prices. That’s the lowest price since April 23, data compiled by Bloomberg show.
While the bank is halting payments on the bonds that make up its Tier 1 capital, the most-junior layer of debt capital instruments, it also has the equivalent of about 2.6 billion euros of more-senior Upper Tier 2 debt in three issues in euros and pounds.
While Monte Paschi is making payments on these notes, it isn’t clear that it will be able to go on doing so, said Raymond.
Expect an update from the bank on Wednesday when it will hold a conference call.
Investors may be betting the bank will buy back the debt “at or slightly below current trading levels,” according to Eva Olsson, an analyst at Mitsubishi UFJ Securities in London. Individual investors in Italy hold many of the bonds and have been an important source of funds for banks in recent years, she said.
"Monte likely will have to raise capital next year and we view any capital raising exercise in the market as challenging,” Olsson wrote.
Indeed, and best of luck. As for how "bailed in" capital figures in terms of a bank's equity buffer/Tier 1 capital
http://www.zerohedge.com/news/2013-09-23/it-begins-monte-paschi-bails-bondholders-halts-650-million-coupon-payments
Tuesday, September 17, 2013
Monday, September 16, 2013
Romans 8:27 - 31
27 And he that searcheth the hearts knoweth what is the mind of the Spirit, because he maketh intercession for the saints according to the will of God.
28 And we know that all things work together for good to them that love God, to them who are the called according to his purpose.
29 For whom he did foreknow, he also did predestinate to be conformed to the image of his Son, that he might be the firstborn among many brethren.
30 Moreover whom he did predestinate, them he also called: and whom he called, them he also justified: and whom he justified, them he also glorified.
31 What shall we then say to these things? If God be for us, who can be against us?
28 And we know that all things work together for good to them that love God, to them who are the called according to his purpose.
29 For whom he did foreknow, he also did predestinate to be conformed to the image of his Son, that he might be the firstborn among many brethren.
30 Moreover whom he did predestinate, them he also called: and whom he called, them he also justified: and whom he justified, them he also glorified.
31 What shall we then say to these things? If God be for us, who can be against us?
In November, Tepco plans to begin the delicate operation of removing spent fuel from Reactor No. 4 [with] radiation equivalent to 14,000 times the amount released by the Hiroshima atomic bomb. …. It remains vulnerable to any further shocks, and is also at risk from ground liquefaction. Removing its spent fuel, which contains deadly plutonium, is an urgent task…. The consequences could be far more severe than any nuclear accident the world has ever seen. If a fuel rod is dropped, breaks or becomes entangled while being removed, possible worst case scenarios include a big explosion, a meltdown in the pool, or a large fire. Any of these situations could lead to massive releases of deadly radionuclides into the atmosphere, putting much of Japan — including Tokyo and Yokohama — and even neighboring countries at serious risk.
http://www.zerohedge.com/contributed/2013-09-15/real-fukushima-danger
Sunday, September 15, 2013
THEY want you on the grid, enslaved in urban blight drug cities, that can be effectively controlled with mass surveillance...that's Agenda 21
SmartGrowth is the vision of UN Agenda 21 and is the preferred construction style for Redevelopment. By moving people from their small suburban homes to high rise apartments
NEXUS BETWEEN REDEVELOPMENT AND UNITED NATIONS AGENDA 21 NOTE: Redevelopment is also referred to as Urban Renewal, Tax Increment Financing (TIF), and Revitalization
As you know, a municipality’s General Plan (Comprehensive Plan) takes precedence over zoning. Redevelopment areas are routinely re-General Planned for high density urban development/mixed use and transit oriented development (TOD). These areas are often covered by Form-Based Zoning requirements that dictate the design of the buildings of the future (must be three stories with ground floor retail and two floors of residential above, built to the edge of the sidewalk with parking accessed through alley; one car/unit.) This is the preferred development style for UN Agenda 21. It also damages the property rights of the existing property owner, because seldom is the existing building constructed in this way. That means that the existing use is legal non-conforming. Under Redevelopment Law (Health and Safety Code ss 33000) non-conforming properties are blight. Therefore property in a Redevelopment Area is vulnerable to eminent domain abuse.
Redevelopment gives a municipality the right to take under eminent domain for a minimum of 12 years. The municipality can extend merely by voting itself an extension at the end of 12 years; saying that there is ‘still blight.’ Uncertainty regarding potential long term use is damaging to a property owner, creates financial stress, and discourages investment. This condition results in an exacerbation of or a creation of blight. Therefore a condition that should be alleviated by Redevelopment is instead used to create blight and this becomes a self-perpetuating cycle. A deteriorating area is ripe for UN Agenda 21 because it can be demolished with less cost to the municipality, and re-designed as SmartGrowth.
SmartGrowth is the vision of UN Agenda 21 and is the preferred construction style for Redevelopment. By moving people from their small suburban homes to high rise apartments they will presumably be using less energy. Condominium and apartment living are supposed to encourage community but instead place stresses on those not accustomed to urban life. More services are required for these areas but because they are in Redevelopment areas only a small portion of the property taxes go to the General Fund. That means that less services are available. Less available services leads to reduced property values which then becomes a cycle. This is a goal of UN Agenda 21.
In redevelopment consultants’ reports justifying blight, one of the factors contributing to ‘blight’—a legal term—is ‘too many local businesses.’ This means that corporate business/national retailers will have a clear path to move into an area and dominate it. This is a goal of UN Agenda 21: less independence.
Although redeveloped areas may look nice in the beginning, they will be funneling the property taxes above a base year into the pockets of bond brokers for 30-45 years. When these properties travel through the cycle of economic life and arrive at a decline in 20-25 years there will be no money available to redevelop them at that time. Money that would have been available through the General Fund will not be there. Police and Fire will not be funded. Parks and roads will not be funded. Hospitals and schools will not be funded. This is a goal of UN Agenda 21: a collapse of the affluent lifestyle of Americans.
When SmartGrowth buildings are new the property owners (for-profit owners) will expect high lease rates for the ground floor commercial space. This space is often empty for years because it is poorly configured and too expensive. SmartGrowth design often creates commercial bays that are unsuitable for small local businesses because they contain more space than small businesses can afford. Maximum glass line space (retail with lots of windows) is expensive to maintain and insure and the new property owner will expect to get a much higher lease rate than that local business person was paying before (in the older pre-redevelopment building.) This is a casualty of UN Agenda 21 and creates job loss and dependence on government subsidies. Public private partnerships—a mainstay of Redevelopment and a cornerstone of UN Agenda 21—take advantage of the vulnerability of financially strapped government by partnering it with corporate interests. Often large companies wish to benefit from government money and regulations, and there will be a cross benefit to government officials transitioning to private industry. Small business and property owners who don’t have a ‘track-record’ constructing SmartGrowth will lose out to corporate players through the inability to qualify for loans. SmartGrowth itself requires government subsidies because it doesn’t ‘pencil out.’ This is a factor in UN Agenda 21 because it encourages and increases government dependence on corporate money and decreases private property ownership.
Private property rights suffer with redevelopment and UN Agenda 21 because there is no level playing field with some insiders receiving government subsidies while the small owners and businesses are labeled blighted and removed or starved out. Corporate interests are allowed to dominate since they are a safe bet for local redevelopment agencies that can’t afford to allow the area to develop organically—it won’t produce the tax revenue needed to pay off bond brokers. UN Agenda 21 benefits a few big investors while serving as a green smokescreen.
Here's the latest in California: Senate Bill 1156 sponsored by Darrell Steinberg (author of SB 375 the anti-sprawl bill). This quote from Sacramento Bee columnist Dan Walters lays it out: Senate Bill 1156 would allow cities and counties, separately or together, to create “Sustainable Communities Investment Authorities” with the powers of the old redevelopment agencies. They could issue bonds, divert some property taxes and acquire property — seizing it by eminent domain, if necessary — as long as projects furthered the dense, transit-oriented, greenhouse gas-reducing development that a previous Steinberg bill mandates. Steinberg said, via letter, that the bill “sets forth a new vision of local economic development and housing policy for the 21st century, focused on building sustainable communities and creating the high-skill, high-wage jobs that are the key to our future prosperity.” He also expressed hope that cities and counties, which battle over tax diversions, would cooperate “in furtherance of sustainable economic development.” A worrisome provision of SB 1156 is that the new entities would not have to prove blight before creating projects, thus expanding their scope and potential for crony capitalism. Redevelopment is dead. Long live Redevelopment.
http://www.postsustainabilityinstitute.org/redevelopment-and-un-agenda-21.html
NEXUS BETWEEN REDEVELOPMENT AND UNITED NATIONS AGENDA 21 NOTE: Redevelopment is also referred to as Urban Renewal, Tax Increment Financing (TIF), and Revitalization
As you know, a municipality’s General Plan (Comprehensive Plan) takes precedence over zoning. Redevelopment areas are routinely re-General Planned for high density urban development/mixed use and transit oriented development (TOD). These areas are often covered by Form-Based Zoning requirements that dictate the design of the buildings of the future (must be three stories with ground floor retail and two floors of residential above, built to the edge of the sidewalk with parking accessed through alley; one car/unit.) This is the preferred development style for UN Agenda 21. It also damages the property rights of the existing property owner, because seldom is the existing building constructed in this way. That means that the existing use is legal non-conforming. Under Redevelopment Law (Health and Safety Code ss 33000) non-conforming properties are blight. Therefore property in a Redevelopment Area is vulnerable to eminent domain abuse.
Redevelopment gives a municipality the right to take under eminent domain for a minimum of 12 years. The municipality can extend merely by voting itself an extension at the end of 12 years; saying that there is ‘still blight.’ Uncertainty regarding potential long term use is damaging to a property owner, creates financial stress, and discourages investment. This condition results in an exacerbation of or a creation of blight. Therefore a condition that should be alleviated by Redevelopment is instead used to create blight and this becomes a self-perpetuating cycle. A deteriorating area is ripe for UN Agenda 21 because it can be demolished with less cost to the municipality, and re-designed as SmartGrowth.
SmartGrowth is the vision of UN Agenda 21 and is the preferred construction style for Redevelopment. By moving people from their small suburban homes to high rise apartments they will presumably be using less energy. Condominium and apartment living are supposed to encourage community but instead place stresses on those not accustomed to urban life. More services are required for these areas but because they are in Redevelopment areas only a small portion of the property taxes go to the General Fund. That means that less services are available. Less available services leads to reduced property values which then becomes a cycle. This is a goal of UN Agenda 21.
In redevelopment consultants’ reports justifying blight, one of the factors contributing to ‘blight’—a legal term—is ‘too many local businesses.’ This means that corporate business/national retailers will have a clear path to move into an area and dominate it. This is a goal of UN Agenda 21: less independence.
Although redeveloped areas may look nice in the beginning, they will be funneling the property taxes above a base year into the pockets of bond brokers for 30-45 years. When these properties travel through the cycle of economic life and arrive at a decline in 20-25 years there will be no money available to redevelop them at that time. Money that would have been available through the General Fund will not be there. Police and Fire will not be funded. Parks and roads will not be funded. Hospitals and schools will not be funded. This is a goal of UN Agenda 21: a collapse of the affluent lifestyle of Americans.
When SmartGrowth buildings are new the property owners (for-profit owners) will expect high lease rates for the ground floor commercial space. This space is often empty for years because it is poorly configured and too expensive. SmartGrowth design often creates commercial bays that are unsuitable for small local businesses because they contain more space than small businesses can afford. Maximum glass line space (retail with lots of windows) is expensive to maintain and insure and the new property owner will expect to get a much higher lease rate than that local business person was paying before (in the older pre-redevelopment building.) This is a casualty of UN Agenda 21 and creates job loss and dependence on government subsidies. Public private partnerships—a mainstay of Redevelopment and a cornerstone of UN Agenda 21—take advantage of the vulnerability of financially strapped government by partnering it with corporate interests. Often large companies wish to benefit from government money and regulations, and there will be a cross benefit to government officials transitioning to private industry. Small business and property owners who don’t have a ‘track-record’ constructing SmartGrowth will lose out to corporate players through the inability to qualify for loans. SmartGrowth itself requires government subsidies because it doesn’t ‘pencil out.’ This is a factor in UN Agenda 21 because it encourages and increases government dependence on corporate money and decreases private property ownership.
Private property rights suffer with redevelopment and UN Agenda 21 because there is no level playing field with some insiders receiving government subsidies while the small owners and businesses are labeled blighted and removed or starved out. Corporate interests are allowed to dominate since they are a safe bet for local redevelopment agencies that can’t afford to allow the area to develop organically—it won’t produce the tax revenue needed to pay off bond brokers. UN Agenda 21 benefits a few big investors while serving as a green smokescreen.
Here's the latest in California: Senate Bill 1156 sponsored by Darrell Steinberg (author of SB 375 the anti-sprawl bill). This quote from Sacramento Bee columnist Dan Walters lays it out: Senate Bill 1156 would allow cities and counties, separately or together, to create “Sustainable Communities Investment Authorities” with the powers of the old redevelopment agencies. They could issue bonds, divert some property taxes and acquire property — seizing it by eminent domain, if necessary — as long as projects furthered the dense, transit-oriented, greenhouse gas-reducing development that a previous Steinberg bill mandates. Steinberg said, via letter, that the bill “sets forth a new vision of local economic development and housing policy for the 21st century, focused on building sustainable communities and creating the high-skill, high-wage jobs that are the key to our future prosperity.” He also expressed hope that cities and counties, which battle over tax diversions, would cooperate “in furtherance of sustainable economic development.” A worrisome provision of SB 1156 is that the new entities would not have to prove blight before creating projects, thus expanding their scope and potential for crony capitalism. Redevelopment is dead. Long live Redevelopment.
http://www.postsustainabilityinstitute.org/redevelopment-and-un-agenda-21.html
Wednesday, September 11, 2013
Tuesday, September 10, 2013
Trying To Stay Sane In An Insane World
Submitted by Jim Quinn of The Burning Platform blog,
In the first three parts (Part 1, Part 2, Part 3) of this disheartening look back at a century of central banking, income taxing, military warring, energy depleting and political corrupting, I made a case for why we are in the midst of a financial, commercial, political, social and cultural collapse. In this final installment I’ll give my best estimate as to what happens next and it has a 100% probability of being wrong. There are so many variables involved that it is impossible to predict the exact path to our world’s end. Many people don’t want to hear about the intractable issues or the true reasons for our predicament. They want easy button solutions. They want someone or something to fix their problems. They pray for a technological miracle to save them from decades of irrational myopic decisions. As the domino-like collapse worsens, the feeble minded populace becomes more susceptible to the false promises of tyrants and psychopaths. There are a myriad of thugs, criminals, and autocrats in positions of power who are willing to exploit any means necessary to retain their wealth, power and control. The revelations of governmental malfeasance, un-Constitutional mass espionage of all citizens, and expansion of the Orwellian welfare/warfare surveillance state, from patriots like Julian Assange, Bradley Manning and Edward Snowden has proven beyond a doubt the corrupt establishment are zealously anxious to discard and stomp on the U.S. Constitution in their desire for authoritarian control over our society.
Anyone who denies we are in the midst of an ongoing Crisis that will lead to a collapse of the system as we know it is either a card carrying member of the corrupt establishment, dependent upon the oligarchs for their living, or just one of the willfully ignorant ostriches who choose to put their heads in the sand and hum the Star Spangled Banner as they choose obliviousness to awareness. Thinking is hard. Feeling and believing a storyline is easy.
A moral society must be inhabited by an informed, educated, aware populace and governed by honorable leaders who oversee based upon the nation’s founding principles of liberty, freedom and limited government of, by and for the people. A moral society requires trust, honor, property rights, simple just laws, and the freedom to succeed or fail on your own merits. There is one major problem in creating a true moral society where liberty, freedom, trust, honor and free markets are cherished – human beings. We are a deeply flawed species who are prone to falling prey to the depravities of lust, gluttony, greed, sloth, wrath, envy and pride. Men have always been captivated by the false idols of dominion, power and wealth. The foibles of human nature haven’t changed over the course of history. This is why we have 80 to 100 year cycles driven by the same human strengths and shortcomings revealed throughout recorded history.
Empires rise and fall due to the humanness of their leaders and citizens. The great American Empire is no different. It was created a mere 224 years ago by courageous patriots who risked their wealth and their lives to create a Republic founded upon the principles of freedom, liberty, and the pursuit of happiness; took a dreadful wrong turn in 1913 with the creation of a privately held central bank to control its currency and introduction of an income tax; devolved into an empire after World War II, setting it on a course towards bankruptcy; sealed its fate in 1971 by unleashing power hungry psychopathic elitists to manipulate the monetary and fiscal policies of the nation to enrich themselves; and has now entered the final frenzied phase of pillaging, currency debasement, war mongering, and ransacking of civil liberties. Despite the frantic efforts of the financial elite, their politician puppets, and their media propaganda outlets, collapse of this aristocracy of the moneyed is a mathematical certainty. Faith in the system is rapidly diminishing, as the issuance of debt to create the appearance of growth has reached the point of diminishing returns.
Increase in Real GDP per Dollar of Incremental Debt
“At the root of America’s economic crisis lies a moral crisis: the decline of civic virtue among America’s political and economic elite. A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world.” – Jeffrey Sachs
Five Stages of Collapse The day of reckoning for a century of putting our faith in the wrong people with wrong ideas and evil intentions is upon us. Dmitry Orlov provides a blueprint for the collapse in his book – The Five Stages of Collapse – Survivors’ Toolkit:
Stage 1: Financial Collapse. Faith in “business as usual” is lost. The future is no longer assumed to resemble the past in any way that allows risk to be assessed and financial assets to be guaranteed. Financial institutions become insolvent; savings wiped out and access to capital is lost.
Stage 2: Commercial Collapse. Faith that “the market shall provide” is lost. Money is devalued and/or becomes scarce, commodities are hoarded, import and retail chains break down and widespread shortages of survival necessities become the norm.
Stage 3: Political Collapse. Faith that “the government will take care of you” is lost. As official attempts to mitigate widespread loss of access to commercial sources of survival necessities fail to make a difference, the political establishment loses legitimacy and relevance.
Stage 4: Social Collapse. Faith that “your people will take care of you” is lost, as social institutions, be they charities or other groups that rush to fill the power vacuum, run out of resources or fail through internal conflict.
Stage 5: Cultural Collapse. Faith in the goodness of humanity is lost. People lose their capacity for “kindness, generosity, consideration, affection, honesty, hospitality, compassion, charity.” Families disband and compete as individuals for scarce resources. The new motto becomes “May you die today so that I can die tomorrow.”
The collapse is occurring in fits and starts. The stages of collapse do not necessarily have to occur in order. You can recognize various elements of the first three stages in the United States today. Stage 1 commenced in September 2008 when this Crisis period was catalyzed by the disintegration of the worldwide financial system caused by Wall Street intentionally creating the largest control fraud in world history, with easy money provided by Greenspan/Bernanke, fraudulent mortgage products, fake appraisals, bribing rating agencies to provide AAA ratings to derivatives filled with feces, and having their puppets in the media and political arena provide the propaganda to herd the sheep into the slaughterhouse.
The American people neglected their civic duty to elect leaders who would tell them the truth and represent current and future generations equally. They have neglected the increasing lawlessness of Wall Street, K Street and the corporate suite. The American people have lived in denial about their responsibility for their own financial well-being, willingly delegating it to a government of math challenged politicians who promised trillions more than they could ever deliver. The American people have delayed tackling the dire issues confronting our nation, including: $200 trillion of unfunded liabilities, the military industrial complex creating wars across the globe, militarization of our local police forces, domestic spying on every citizen, allowing mega-corporations and the financial elite to turn our nation from savings based production to debt based consumption, and allowing corporations, the military industrial complex, Wall Street, and shadowy billionaires to pick and control our elected officials. The civic fabric of the country is being torn at the points of extreme vulnerability.
“At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where, during the Unraveling, America will have neglected, denied, or delayed needed action. Anger at “mistakes we made” will translate into calls for action, regardless of the heightened public risk. It is unlikely that the catalyst will worsen into a full-fledged catastrophe, since the nation will probably find a way to avert the initial danger and stabilize the situation for a while. Yet even if dire consequences are temporarily averted, America will have entered the Fourth Turning.” - The Fourth Turning – Strauss & Howe – 1997
Our Brave New World controllers (bankers, politicians, corporate titans, media moguls, shadowy billionaires) were able to avert a full-fledged catastrophe in the fall of 2008 and spring of 2009 which would have put an end to their reign of destruction. To accept the rightful consequences of their foul actions was intolerable to these obscenely wealthy, despicable men. Their loathsome and vile solutions to a crisis they created have done nothing to relieve the pain and suffering of the average person, while further enriching them, as they continue to gorge on the dying carcass of a once thriving nation. Despite overwhelming public outrage, Congress did as they were instructed by their Wall Street masters and handed over $700 billion of taxpayer funds into Wall Street vaults, under the false threat of systematic collapse. The $800 billion of pork stimulus was injected directly into the veins of corporate campaign contributors. The $3 billion Cash for Clunkers scheme resulted in pumping taxpayer dollars into the government owned union car companies, while driving up the prices of used cars and hurting lower income folks.
Ben Bernanke has peddled the false paradigm of quantitative easing (code for printing money and airlifting it to Wall Street) as benefitting Main Street. Nothing could be further from the truth. He bought $1.3 trillion of toxic mortgage backed securities from his Wall Street owners. He has pumped a total of $2.8 trillion into the hands of Wall Street since September 2008, and is singlehandedly generating $5 billion of risk free profits for these deadbeats by paying them .25% on their reserves. Drug dealer Ben continues to pump $2.8 billion per day into the veins of Wall Street addicts and any hint of tapering the heroin causes the addicts to flail about. Ben should be so proud. He should hang a Mission Accomplished banner whenever he gives a speech. Bank profits reached an all-time record in the 2nd quarter, at $42.2 billion, with 80% of those profits going to the 2% Too Big To Trust Wall Street Mega-Goliath Banks. It’s enough to make a soon to retire, and take a Wall Street job, central banker smile.
“The money rate can, indeed, be kept artificially low only by continuous new injections of currency or bank credit in place of real savings. This can create the illusion of more capital just as the addition of water can create the illusion of more milk. But it is a policy of continuous inflation. It is obviously a process involving cumulative danger. The money rate will rise and a crisis will develop if the inflation is reversed, or merely brought to a halt, or even continued at a diminished rate. Cheap money policies, in short, eventually bring about far more violent oscillations in business than those they are designed to remedy or prevent.” – Henry Hazlitt – 1946
Any serious minded person knew Wall Street had too much power, too much control, and too much influence in 2008 when they crashed our economic system. When something is too big to fail because it will create systematic collapse, you make it smaller. Instead we have allowed our sociopathic rulers to allow these parasitic institutions to get even larger. Just 12 mega-banks control 70% of all the banking assets in the country, with 90% controlled by the top 86 banks. There are approximately 8,000 financial institutions in this country. Wall Street will be congratulating themselves with record compensation of $127 billion and record bonuses of $23 billion for a job well done. It is dangerous work making journal entries relieving loan loss reserves, committing foreclosure fraud, marking your assets to unicorn, making deposits at the Fed, and counting on the Bernanke Put to keep stocks rising. During a supposed recovery from 2009 to 2011, average real income per household grew pitifully by 1.7%, but all the gains accrued to Bernanke’s minions. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Therefore, the top 1% captured 121% of the income gains in the first two years of the recovery. This warped trend has only accelerated since 2011.
The median household income has fallen by $2,400 to $52,100 since the government proclaimed the end of the recession in 2009. Real wages for real people continue to fall. A record 23.1 million households (20% of all households) are receiving food stamps. After four years of “recovery” propaganda, we are left with 2.2 million less people employed (5 million less full time jobs) and 22 million more people on SNAP and SSDI. A record 90.5 million working age Americans are not working, with labor participation at a 35 year low. Ben’s money has not trickled down, but his inflation has fallen like a load of bricks on the heads of the middle class. Bernanke’s QE to infinity constitutes a transfer of purchasing power away from the middle class to the bankers, mega-corporations and .1%. This Cantillon effect means that newly created money is neither distributed evenly nor simultaneously among the population. Some users of money profit from rising prices, and others suffer from them. This results in a transfer of wealth (a hidden tax) from later receivers to earlier receivers of new money. This is why the largest banks and largest corporations are generating the highest profits in history, while the average person sinks further into debt as their real income declines and real living expenses (energy, food, clothing, healthcare, tuition) rise.
Ben works for your owners. Real GDP (using the fake government inflation adjustment) since July 2009 is up by a wretched 5.6%. Revenue growth of the biggest corporations in the world is up by a pathetic 12%. One might wonder how corporate profits could be at record levels with such doleful economic performance. One needs to look no further than Ben’s balance sheet, which has increased by 174%. There appears to be a slight correlation between Ben’s money printing and the 162% increase in the S&P 500 index. With the top 1% owning 42.1% of all financial assets (top .1% own most of this) and the bottom 80% owning only 4.7% of all financial assets, one can clearly see who benefits from QE to infinity.
The key take away from what the ruling class has done since 2008 is they have only temporarily delayed the endgame. Their self-serving exploits have guaranteed that round two of the financial collapse will be epic in proportion and intensity. This Fourth Turning Crisis is ongoing. The linear thinkers who control the levers of power keep promising a return to normalcy and resumption of growth. This is an impossibility – mathematically & socially. Fourth Turnings do not end without the existing social order being swept away in a tsunami of turmoil, violence, suffering and war. Orlov’s stages of collapse will likely occur during the remaining fifteen years of this Crisis. We are deep into Stage 1 as our national Detroitification progresses towards bankruptcy, with an added impetus from our trillion dollar wars of choice in the Middle East. Commercial collapse has begun, as faith in the fantasy of free market capitalism is waning. The race to the bottom with currency debasement around the globe is reaching a tipping point, and the true eternal currencies of gold and silver are being hoarded and shipped from the West to the Far East.
Monetary Base (billions of USD)
When the financial collapse reaches its crescendo, the just in time supply chain, that keeps cheese doodles and cheese whiz on your grocery store shelves, Chinese produced iGadgets in your local Wal-Mart Supercenter, and gasoline flowing out of gas station hoses into your leased Cadillac Escalade, will break down rapidly. The strain of $110 oil is already evident. The fireworks will really get going when ATM machines run dry and the EBT cards stop functioning. Within a week riots and panic will engulf the country. “At some po
int we are bound to hear, from across two oceans, the shocking words “Your money is no good here.” Fast forward to a week later: banks are closed, ATMs are out of cash, supermarket shelves are bare and gas stations are starting to run out of fuel. And then something happens: the government announces they have formed a crisis task force, and will nationalize, recapitalize and reopen banks, restoring confidence. The banks reopen, under heavy guard, and thousands of people get arrested for attempting to withdraw their savings. Banks close, riots begin. Next, the government decides that, to jump-start commerce, it will honor deposit guarantees and simply hand out cash. They print and arrange for the cash to be handed out. Now everyone has plenty of cash, but there is still no food in the supermarkets or gasoline at the gas stations because by now the international supply chains have broken down and the delivery pipelines are empty.” – Dmitry Orlov – The Five Stages of Collapse
We are witnessing the beginning stages of political collapse. The government and its leaders are being discredited on a daily basis. The mismanagement of fiscal policy, foreign policy and domestic policy, along with the revelations of the NSA conducting mass surveillance against all Americans has led critical thinking Americans to question the legitimacy of the politicians running the show on behalf of the bankers, corporations and arms dealers. The Gestapo like tactics used by the government in Boston was an early warning sign of what is to come. Government entitlement promises will vaporize, as they did in Detroit, with pension promises worth only ten cents on the dollar. Total social and cultural collapse could resemble the chaotic civil war scenarios playing out in Libya and Syria. The best case scenario would be for a collapse similar to the Soviet Union’s relatively peaceful disintegration into impotent republics. I don’t believe we’ll be this fortunate. The most powerful military empire in world history will not fade away. It will go out in a blaze of glory with a currency collapse, hyper-inflation, and war on a grand scale.
“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to culminate in total war, fought until the losing side has been rendered nil – its will broken, territory taken, and leaders captured.” – The Fourth Turning – Strauss & Howe – 1997
In Whom Do You Trust? “Use of money concentrates trust in a single central authority – the central bank – and, over extended periods of time, central banks always tend to misbehave. Eventually the “print” button on the central banker’s emergency console becomes stuck in the depressed position, flooding the world with worthless notes. People trust that money will remain a store of value, and once the trust is violated a gigantic black hole appears at the very center of society, sucking in peoples’ savings and aspirations along with their sense of self-worth. When those who have become psychologically dependent on money as a yardstick, to be applied to everything and everyone, suddenly find themselves in a world where money means nothing, it is as if they have gone blind; they see shapes but can no longer resolve them into objects. The result is anomie – a sense of unreality – accompanied by deep depression. Money is an addiction – substance-less and unreal, and sets itself up for a severe and lengthy withdrawal.” – Dmitry Orlov – The Five Stages of Collapse
Our modern world revolves around wealth, the appearance of wealth, the false creation of wealth through the issuance of debt, and trust in the bankers and politicians pulling the levers behind the curtain. The entire world economic system is dependent on trusting central bankers whose only response to any crisis is to create more debt. The death knell is ringing loud and clear, but people around the globe are desperately clinging to their normalcy biases and praying to the gods of cognitive dissonance. It seems the only things that matter to our controllers are stock market levels, the continued flow of debt to the plebs, continued doling out of hush money to those on the dole, and of course an endless supply of brown skinned enemies to attack. With every country in the world attempting to the same solution of debasing their currencies, we are rapidly approaching the tipping point. India is the canary in the coal mine.
Government, Household, Financial & Non-Financial Debt (% of GDP)
An exponential growth model built upon cheap plentiful energy and debt creation has its limits, and we’ve reached them. With the depletion of inexpensive, easily accessible energy resources, higher prices will continue to slow world economies. Demographics in the developed world are slowing the global economy as millions approach their old age with little savings due to over consuming during their peak earnings years. Bernanke has already quadrupled his balance sheet with no meaningful benefit to the economy or the financial well-being of the average middle class American. Financial manipulation that creates nothing has masked the rot consuming our economic system. The game has been rigged in favor of the owners, but even a rigged game eventually comes to an end. Americans and Europeans can no longer maintain a façade of wealth by buying knickknacks from China with money they don’t have. The US and Europe are finding that their credit is no longer good in the exporting Far East countries. This is a perilous development, as the West has depended upon foreigners to accommodate its never ending expansion of credit. Without that continual expansion of debt, the Ponzi scheme comes crashing down. As China, Japan and the rest of Asia have balked at buying U.S. Treasuries with negative real yields, the only recourse for Ben has been to monetize the debt through QE and inflation. The doubling of ten year Treasury rates in a matter of three months due to just talk of possibly slowing QE should send shivers down your spine.
We are supposedly five years past the great crisis. Magazine covers proclaimed Bernanke a hero. If we are well past the crisis, why are the extreme emergency measures still in effect? If the economy is growing and jobs are being created, why do we need $85 billion of government debt to be monetized each and every month? Why are the EU, Japan, and China printing even faster than the Fed? The answer is simple. If the debt was not being monetized, it would have to be purchased out in the free market. Purchasers would require an interest rate far above the 2.9% being paid today. The debt levels in the U.S., Europe and Japan are so large that a rise in interest rates of just a few points would explode budget deficits and lead to a worldwide financial collapse. This is why Bernanke and the rest of his central banker brethren are trapped by their own ideology of bubble production. Just the slowing of debt creation will lead to collapse. Bernanke needs a Syrian crisis to postpone the taper talk. Those in control need an endless number of real or false flag crises to provide cover for their printing presses to keep rolling.
There are a couple analogies that apply to our impending doom. The country is like a 224 year old oak tree that has been slowly rotting on the inside due to the insidious diseases of hubris, apathy, selfishness, dependence, delusion, and debasement. The old oak gives an outward appearance of health and stability. Winter has arrived and gale force winds are in the forecast. One gust of wind and the mighty aged oak will topple and come crashing to earth. I think an even more fitting analogy is the sandpile with grains of sand being added day after day. Seven out of ten Americans receive more in government benefits than they pay in taxes. Goliath corporations and the uber-wealthy use the tax code and legislation to syphon hundreds of billions from the national treasury every year. We spend $1 trillion per year on past, current and future wars of choice. Annual interest on the debt we’ve racked up in the last few decades already approaches $400 billion per year. The entire Federal budget totaled $400 billion in 1977. The sandpile grows ever higher, while its instability expands exponentially. One seemingly innocuous grain of sand will ultimately cause the pile to collapse catastrophically. Will it be an unintended consequence of a missile launch into Syria? Will it be a spike in oil prices? Will it be the collapse of one of the EU PIIGS? Will it be an assassination of a political figure or banker? No one knows. But that innocuous grain of sand will trigger the collapse of the entire pile.
Worried people are looking for solutions. They often get angry at me because they don’t think I provide answers to the issues I raise about our corrupt failing system. They want easy answers to intractable problems. Sadly, I’ve come to the conclusion that our system and majority of citizens are too corrupted to change our course through the ballot box or instituting policies along the lines of those proposed by Ron Paul and many other thoughtful liberty minded people. We are experiencing the downside of a representative democracy. Once a person is democratically elected a gulf is created between the electors and the person they elected, as the representative becomes corrupted and bought by moneyed interests. Elected officials become a class unto themselves. The political class grows to be puppets that resemble human beings but are nothing but cogs in a vast corporate run machine, pawns in an enormous game of chess played by powerful vindictive immoral men. There are no cures for our disease. It’s terminal. Anyone telling you they have the answers is either lying or trying to sell you something. More people and organizations are on the take than are playing by the rules. The producers are being overrun by the parasites. The barbarians are at the gate. An implosion of societal trust is underway. The next stage of this crisis, which I believe will materialize within the next twelve months will try the souls of the weary.
“As the Crisis catalyzes, these fears will rush to the surface, jagged and exposed. Distrustful of some things, individuals will feel that their survival requires them to distrust more things. This behavior could cascade into a sudden downward spiral, an implosion of societal trust. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market with no buyers. Or it could be a series of downward ratchets linked to political events that sequentially knock the supports out from under the residual popular trust in the system. As assets devalue, trust will further disintegrate, which will cause assets to devalue further, and so on.” – The Fourth Turning – Strauss & Howe – 1997
As a nation we have squandered our inheritence, born of the blood of patriots. A freedom loving, liberty minded, self-responsible, courageous people have allowed ourselves to fall prey to selfishness, apathy, complacency and dependency. Once we allowed our human appetites of greed, power seeking, and control to override the moral responsibilty for our own lives and the lives of future unborn generations, collapse was inevitable. The danger now is what happens after the unavoidable collapse. Will the millions of dependency zombies beg for a strong dictator to protect them, provide for them and lead them into further bondage? Or will the spark of liberty and freedom reignite, allowing citizens to throw off the shackles of banker and corporate control? I believe most of the people in this country are good hearted. We are merely pawns in this game of Risk being played by those seeking power, wealth and world domination. We are all trapped in our own forms of normalcy bias. Have I cashed out my retirement funds, sold my suburban house and built a doomstead in the mountains? No I haven’t. Do I second guess myself sometimes? Yes I do. But even the aware have families to support, jobs to go to, bills to pay, laundry to do, lawns to mow, and lives to live. I can’t live in constant fear of what might happen. We only get 80 or so years on this earth, if we’re lucky. The best we can do is leave a positive legacy for our children and their children. A drastic change to our way of life is coming, but most of us are trapped in a cage of our own making.
Each living generation will need to do their part during this Crisis if we are to survive the coming storm. Since no one knows the nature of how the next fifteen years will unfold, it would be wise to at least make basic preparations for food, water, heat and protection. This is easier for some than others, but you don’t have to star on Doomsday Preppers in order to stock up on items that can be purchased at Wal-Mart today, but won’t be available when the global supply chain breaks down. Make sure you have neighbors and family you can rely upon. A small community of like minded people with varied skills are more likely to succeed in our brave old world than rugged individualists. With no financial means to maintain our globalized world, living locally will take on a new meaning. After much turmoil, chaos, violence, and likely mass casualties the best outcome would be for the Great American Empire to break into regional republics, incapable of waging global war, led by law abiding moral liberty minded individuals, and willing to trade freely and honestly with their fellow republics. Daily life would revert back to a simpler Amish like time. Would that be so bad?
This Fourth Turning could end with a whimper or a bang. There are enough nuclear arms to obliterate the world ten times over. There are enough hubristic egomaniacal psychopathic men in power, that the use of those weapons has a high likelihood of happening. It will be up to the people to not allow this horrific result. I love my country and despise my government. The Declaration of Independence clearly states that when a long train of abuses and usurpations lead toward despotism, it is our right and duty to throw off that government and provide new guards of liberty. My family comes first with my country a close second. I will fight with whatever means necessary to protect my family and do what I can to influence the future course of our country. Time is running out. Will we have the courage, fortitude and wisdom to make the right decisions over the next fifteen years? Will we choose glory or destruction? The fate of our nation hangs in the balance. Are you prepared? Are you ready to fight for your family and your rights?
The Fourth Turning could spare modernity but mark the end of our nation. It could close the book on the political constitution, popular culture, and moral standing that the word America has come to signify. The nation has endured for three saecula; Rome lasted twelve, the Soviet Union only one. Fourth Turnings are critical thresholds for national survival. Each of the last three American Crises produced moments of extreme danger: In the Revolution, the very birth of the republic hung by a thread in more than one battle. In the Civil War, the union barely survived a four-year slaughter that in its own time was regarded as the most lethal war in history. In World War II, the nation destroyed an enemy of democracy that for a time was winning; had the enemy won, America might have itself been destroyed. In all likelihood, the next Crisis will present the nation with a threat and a consequence on a similar scale. – The Fourth Turning – Strauss & Howe – 1997
http://www.zerohedge.com/news/2013-09-10/guest-post-trying-stay-sane-insane-world-worlds-end
In the first three parts (Part 1, Part 2, Part 3) of this disheartening look back at a century of central banking, income taxing, military warring, energy depleting and political corrupting, I made a case for why we are in the midst of a financial, commercial, political, social and cultural collapse. In this final installment I’ll give my best estimate as to what happens next and it has a 100% probability of being wrong. There are so many variables involved that it is impossible to predict the exact path to our world’s end. Many people don’t want to hear about the intractable issues or the true reasons for our predicament. They want easy button solutions. They want someone or something to fix their problems. They pray for a technological miracle to save them from decades of irrational myopic decisions. As the domino-like collapse worsens, the feeble minded populace becomes more susceptible to the false promises of tyrants and psychopaths. There are a myriad of thugs, criminals, and autocrats in positions of power who are willing to exploit any means necessary to retain their wealth, power and control. The revelations of governmental malfeasance, un-Constitutional mass espionage of all citizens, and expansion of the Orwellian welfare/warfare surveillance state, from patriots like Julian Assange, Bradley Manning and Edward Snowden has proven beyond a doubt the corrupt establishment are zealously anxious to discard and stomp on the U.S. Constitution in their desire for authoritarian control over our society.
Anyone who denies we are in the midst of an ongoing Crisis that will lead to a collapse of the system as we know it is either a card carrying member of the corrupt establishment, dependent upon the oligarchs for their living, or just one of the willfully ignorant ostriches who choose to put their heads in the sand and hum the Star Spangled Banner as they choose obliviousness to awareness. Thinking is hard. Feeling and believing a storyline is easy.
A moral society must be inhabited by an informed, educated, aware populace and governed by honorable leaders who oversee based upon the nation’s founding principles of liberty, freedom and limited government of, by and for the people. A moral society requires trust, honor, property rights, simple just laws, and the freedom to succeed or fail on your own merits. There is one major problem in creating a true moral society where liberty, freedom, trust, honor and free markets are cherished – human beings. We are a deeply flawed species who are prone to falling prey to the depravities of lust, gluttony, greed, sloth, wrath, envy and pride. Men have always been captivated by the false idols of dominion, power and wealth. The foibles of human nature haven’t changed over the course of history. This is why we have 80 to 100 year cycles driven by the same human strengths and shortcomings revealed throughout recorded history.
Empires rise and fall due to the humanness of their leaders and citizens. The great American Empire is no different. It was created a mere 224 years ago by courageous patriots who risked their wealth and their lives to create a Republic founded upon the principles of freedom, liberty, and the pursuit of happiness; took a dreadful wrong turn in 1913 with the creation of a privately held central bank to control its currency and introduction of an income tax; devolved into an empire after World War II, setting it on a course towards bankruptcy; sealed its fate in 1971 by unleashing power hungry psychopathic elitists to manipulate the monetary and fiscal policies of the nation to enrich themselves; and has now entered the final frenzied phase of pillaging, currency debasement, war mongering, and ransacking of civil liberties. Despite the frantic efforts of the financial elite, their politician puppets, and their media propaganda outlets, collapse of this aristocracy of the moneyed is a mathematical certainty. Faith in the system is rapidly diminishing, as the issuance of debt to create the appearance of growth has reached the point of diminishing returns.
Increase in Real GDP per Dollar of Incremental Debt
“At the root of America’s economic crisis lies a moral crisis: the decline of civic virtue among America’s political and economic elite. A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world.” – Jeffrey Sachs
Five Stages of Collapse The day of reckoning for a century of putting our faith in the wrong people with wrong ideas and evil intentions is upon us. Dmitry Orlov provides a blueprint for the collapse in his book – The Five Stages of Collapse – Survivors’ Toolkit:
Stage 1: Financial Collapse. Faith in “business as usual” is lost. The future is no longer assumed to resemble the past in any way that allows risk to be assessed and financial assets to be guaranteed. Financial institutions become insolvent; savings wiped out and access to capital is lost.
Stage 2: Commercial Collapse. Faith that “the market shall provide” is lost. Money is devalued and/or becomes scarce, commodities are hoarded, import and retail chains break down and widespread shortages of survival necessities become the norm.
Stage 3: Political Collapse. Faith that “the government will take care of you” is lost. As official attempts to mitigate widespread loss of access to commercial sources of survival necessities fail to make a difference, the political establishment loses legitimacy and relevance.
Stage 4: Social Collapse. Faith that “your people will take care of you” is lost, as social institutions, be they charities or other groups that rush to fill the power vacuum, run out of resources or fail through internal conflict.
Stage 5: Cultural Collapse. Faith in the goodness of humanity is lost. People lose their capacity for “kindness, generosity, consideration, affection, honesty, hospitality, compassion, charity.” Families disband and compete as individuals for scarce resources. The new motto becomes “May you die today so that I can die tomorrow.”
The collapse is occurring in fits and starts. The stages of collapse do not necessarily have to occur in order. You can recognize various elements of the first three stages in the United States today. Stage 1 commenced in September 2008 when this Crisis period was catalyzed by the disintegration of the worldwide financial system caused by Wall Street intentionally creating the largest control fraud in world history, with easy money provided by Greenspan/Bernanke, fraudulent mortgage products, fake appraisals, bribing rating agencies to provide AAA ratings to derivatives filled with feces, and having their puppets in the media and political arena provide the propaganda to herd the sheep into the slaughterhouse.
The American people neglected their civic duty to elect leaders who would tell them the truth and represent current and future generations equally. They have neglected the increasing lawlessness of Wall Street, K Street and the corporate suite. The American people have lived in denial about their responsibility for their own financial well-being, willingly delegating it to a government of math challenged politicians who promised trillions more than they could ever deliver. The American people have delayed tackling the dire issues confronting our nation, including: $200 trillion of unfunded liabilities, the military industrial complex creating wars across the globe, militarization of our local police forces, domestic spying on every citizen, allowing mega-corporations and the financial elite to turn our nation from savings based production to debt based consumption, and allowing corporations, the military industrial complex, Wall Street, and shadowy billionaires to pick and control our elected officials. The civic fabric of the country is being torn at the points of extreme vulnerability.
“At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where, during the Unraveling, America will have neglected, denied, or delayed needed action. Anger at “mistakes we made” will translate into calls for action, regardless of the heightened public risk. It is unlikely that the catalyst will worsen into a full-fledged catastrophe, since the nation will probably find a way to avert the initial danger and stabilize the situation for a while. Yet even if dire consequences are temporarily averted, America will have entered the Fourth Turning.” - The Fourth Turning – Strauss & Howe – 1997
Our Brave New World controllers (bankers, politicians, corporate titans, media moguls, shadowy billionaires) were able to avert a full-fledged catastrophe in the fall of 2008 and spring of 2009 which would have put an end to their reign of destruction. To accept the rightful consequences of their foul actions was intolerable to these obscenely wealthy, despicable men. Their loathsome and vile solutions to a crisis they created have done nothing to relieve the pain and suffering of the average person, while further enriching them, as they continue to gorge on the dying carcass of a once thriving nation. Despite overwhelming public outrage, Congress did as they were instructed by their Wall Street masters and handed over $700 billion of taxpayer funds into Wall Street vaults, under the false threat of systematic collapse. The $800 billion of pork stimulus was injected directly into the veins of corporate campaign contributors. The $3 billion Cash for Clunkers scheme resulted in pumping taxpayer dollars into the government owned union car companies, while driving up the prices of used cars and hurting lower income folks.
Ben Bernanke has peddled the false paradigm of quantitative easing (code for printing money and airlifting it to Wall Street) as benefitting Main Street. Nothing could be further from the truth. He bought $1.3 trillion of toxic mortgage backed securities from his Wall Street owners. He has pumped a total of $2.8 trillion into the hands of Wall Street since September 2008, and is singlehandedly generating $5 billion of risk free profits for these deadbeats by paying them .25% on their reserves. Drug dealer Ben continues to pump $2.8 billion per day into the veins of Wall Street addicts and any hint of tapering the heroin causes the addicts to flail about. Ben should be so proud. He should hang a Mission Accomplished banner whenever he gives a speech. Bank profits reached an all-time record in the 2nd quarter, at $42.2 billion, with 80% of those profits going to the 2% Too Big To Trust Wall Street Mega-Goliath Banks. It’s enough to make a soon to retire, and take a Wall Street job, central banker smile.
“The money rate can, indeed, be kept artificially low only by continuous new injections of currency or bank credit in place of real savings. This can create the illusion of more capital just as the addition of water can create the illusion of more milk. But it is a policy of continuous inflation. It is obviously a process involving cumulative danger. The money rate will rise and a crisis will develop if the inflation is reversed, or merely brought to a halt, or even continued at a diminished rate. Cheap money policies, in short, eventually bring about far more violent oscillations in business than those they are designed to remedy or prevent.” – Henry Hazlitt – 1946
Any serious minded person knew Wall Street had too much power, too much control, and too much influence in 2008 when they crashed our economic system. When something is too big to fail because it will create systematic collapse, you make it smaller. Instead we have allowed our sociopathic rulers to allow these parasitic institutions to get even larger. Just 12 mega-banks control 70% of all the banking assets in the country, with 90% controlled by the top 86 banks. There are approximately 8,000 financial institutions in this country. Wall Street will be congratulating themselves with record compensation of $127 billion and record bonuses of $23 billion for a job well done. It is dangerous work making journal entries relieving loan loss reserves, committing foreclosure fraud, marking your assets to unicorn, making deposits at the Fed, and counting on the Bernanke Put to keep stocks rising. During a supposed recovery from 2009 to 2011, average real income per household grew pitifully by 1.7%, but all the gains accrued to Bernanke’s minions. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Therefore, the top 1% captured 121% of the income gains in the first two years of the recovery. This warped trend has only accelerated since 2011.
The median household income has fallen by $2,400 to $52,100 since the government proclaimed the end of the recession in 2009. Real wages for real people continue to fall. A record 23.1 million households (20% of all households) are receiving food stamps. After four years of “recovery” propaganda, we are left with 2.2 million less people employed (5 million less full time jobs) and 22 million more people on SNAP and SSDI. A record 90.5 million working age Americans are not working, with labor participation at a 35 year low. Ben’s money has not trickled down, but his inflation has fallen like a load of bricks on the heads of the middle class. Bernanke’s QE to infinity constitutes a transfer of purchasing power away from the middle class to the bankers, mega-corporations and .1%. This Cantillon effect means that newly created money is neither distributed evenly nor simultaneously among the population. Some users of money profit from rising prices, and others suffer from them. This results in a transfer of wealth (a hidden tax) from later receivers to earlier receivers of new money. This is why the largest banks and largest corporations are generating the highest profits in history, while the average person sinks further into debt as their real income declines and real living expenses (energy, food, clothing, healthcare, tuition) rise.
Ben works for your owners. Real GDP (using the fake government inflation adjustment) since July 2009 is up by a wretched 5.6%. Revenue growth of the biggest corporations in the world is up by a pathetic 12%. One might wonder how corporate profits could be at record levels with such doleful economic performance. One needs to look no further than Ben’s balance sheet, which has increased by 174%. There appears to be a slight correlation between Ben’s money printing and the 162% increase in the S&P 500 index. With the top 1% owning 42.1% of all financial assets (top .1% own most of this) and the bottom 80% owning only 4.7% of all financial assets, one can clearly see who benefits from QE to infinity.
The key take away from what the ruling class has done since 2008 is they have only temporarily delayed the endgame. Their self-serving exploits have guaranteed that round two of the financial collapse will be epic in proportion and intensity. This Fourth Turning Crisis is ongoing. The linear thinkers who control the levers of power keep promising a return to normalcy and resumption of growth. This is an impossibility – mathematically & socially. Fourth Turnings do not end without the existing social order being swept away in a tsunami of turmoil, violence, suffering and war. Orlov’s stages of collapse will likely occur during the remaining fifteen years of this Crisis. We are deep into Stage 1 as our national Detroitification progresses towards bankruptcy, with an added impetus from our trillion dollar wars of choice in the Middle East. Commercial collapse has begun, as faith in the fantasy of free market capitalism is waning. The race to the bottom with currency debasement around the globe is reaching a tipping point, and the true eternal currencies of gold and silver are being hoarded and shipped from the West to the Far East.
Monetary Base (billions of USD)
When the financial collapse reaches its crescendo, the just in time supply chain, that keeps cheese doodles and cheese whiz on your grocery store shelves, Chinese produced iGadgets in your local Wal-Mart Supercenter, and gasoline flowing out of gas station hoses into your leased Cadillac Escalade, will break down rapidly. The strain of $110 oil is already evident. The fireworks will really get going when ATM machines run dry and the EBT cards stop functioning. Within a week riots and panic will engulf the country. “At some po
int we are bound to hear, from across two oceans, the shocking words “Your money is no good here.” Fast forward to a week later: banks are closed, ATMs are out of cash, supermarket shelves are bare and gas stations are starting to run out of fuel. And then something happens: the government announces they have formed a crisis task force, and will nationalize, recapitalize and reopen banks, restoring confidence. The banks reopen, under heavy guard, and thousands of people get arrested for attempting to withdraw their savings. Banks close, riots begin. Next, the government decides that, to jump-start commerce, it will honor deposit guarantees and simply hand out cash. They print and arrange for the cash to be handed out. Now everyone has plenty of cash, but there is still no food in the supermarkets or gasoline at the gas stations because by now the international supply chains have broken down and the delivery pipelines are empty.” – Dmitry Orlov – The Five Stages of Collapse
We are witnessing the beginning stages of political collapse. The government and its leaders are being discredited on a daily basis. The mismanagement of fiscal policy, foreign policy and domestic policy, along with the revelations of the NSA conducting mass surveillance against all Americans has led critical thinking Americans to question the legitimacy of the politicians running the show on behalf of the bankers, corporations and arms dealers. The Gestapo like tactics used by the government in Boston was an early warning sign of what is to come. Government entitlement promises will vaporize, as they did in Detroit, with pension promises worth only ten cents on the dollar. Total social and cultural collapse could resemble the chaotic civil war scenarios playing out in Libya and Syria. The best case scenario would be for a collapse similar to the Soviet Union’s relatively peaceful disintegration into impotent republics. I don’t believe we’ll be this fortunate. The most powerful military empire in world history will not fade away. It will go out in a blaze of glory with a currency collapse, hyper-inflation, and war on a grand scale.
“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to culminate in total war, fought until the losing side has been rendered nil – its will broken, territory taken, and leaders captured.” – The Fourth Turning – Strauss & Howe – 1997
In Whom Do You Trust? “Use of money concentrates trust in a single central authority – the central bank – and, over extended periods of time, central banks always tend to misbehave. Eventually the “print” button on the central banker’s emergency console becomes stuck in the depressed position, flooding the world with worthless notes. People trust that money will remain a store of value, and once the trust is violated a gigantic black hole appears at the very center of society, sucking in peoples’ savings and aspirations along with their sense of self-worth. When those who have become psychologically dependent on money as a yardstick, to be applied to everything and everyone, suddenly find themselves in a world where money means nothing, it is as if they have gone blind; they see shapes but can no longer resolve them into objects. The result is anomie – a sense of unreality – accompanied by deep depression. Money is an addiction – substance-less and unreal, and sets itself up for a severe and lengthy withdrawal.” – Dmitry Orlov – The Five Stages of Collapse
Our modern world revolves around wealth, the appearance of wealth, the false creation of wealth through the issuance of debt, and trust in the bankers and politicians pulling the levers behind the curtain. The entire world economic system is dependent on trusting central bankers whose only response to any crisis is to create more debt. The death knell is ringing loud and clear, but people around the globe are desperately clinging to their normalcy biases and praying to the gods of cognitive dissonance. It seems the only things that matter to our controllers are stock market levels, the continued flow of debt to the plebs, continued doling out of hush money to those on the dole, and of course an endless supply of brown skinned enemies to attack. With every country in the world attempting to the same solution of debasing their currencies, we are rapidly approaching the tipping point. India is the canary in the coal mine.
Government, Household, Financial & Non-Financial Debt (% of GDP)
An exponential growth model built upon cheap plentiful energy and debt creation has its limits, and we’ve reached them. With the depletion of inexpensive, easily accessible energy resources, higher prices will continue to slow world economies. Demographics in the developed world are slowing the global economy as millions approach their old age with little savings due to over consuming during their peak earnings years. Bernanke has already quadrupled his balance sheet with no meaningful benefit to the economy or the financial well-being of the average middle class American. Financial manipulation that creates nothing has masked the rot consuming our economic system. The game has been rigged in favor of the owners, but even a rigged game eventually comes to an end. Americans and Europeans can no longer maintain a façade of wealth by buying knickknacks from China with money they don’t have. The US and Europe are finding that their credit is no longer good in the exporting Far East countries. This is a perilous development, as the West has depended upon foreigners to accommodate its never ending expansion of credit. Without that continual expansion of debt, the Ponzi scheme comes crashing down. As China, Japan and the rest of Asia have balked at buying U.S. Treasuries with negative real yields, the only recourse for Ben has been to monetize the debt through QE and inflation. The doubling of ten year Treasury rates in a matter of three months due to just talk of possibly slowing QE should send shivers down your spine.
We are supposedly five years past the great crisis. Magazine covers proclaimed Bernanke a hero. If we are well past the crisis, why are the extreme emergency measures still in effect? If the economy is growing and jobs are being created, why do we need $85 billion of government debt to be monetized each and every month? Why are the EU, Japan, and China printing even faster than the Fed? The answer is simple. If the debt was not being monetized, it would have to be purchased out in the free market. Purchasers would require an interest rate far above the 2.9% being paid today. The debt levels in the U.S., Europe and Japan are so large that a rise in interest rates of just a few points would explode budget deficits and lead to a worldwide financial collapse. This is why Bernanke and the rest of his central banker brethren are trapped by their own ideology of bubble production. Just the slowing of debt creation will lead to collapse. Bernanke needs a Syrian crisis to postpone the taper talk. Those in control need an endless number of real or false flag crises to provide cover for their printing presses to keep rolling.
There are a couple analogies that apply to our impending doom. The country is like a 224 year old oak tree that has been slowly rotting on the inside due to the insidious diseases of hubris, apathy, selfishness, dependence, delusion, and debasement. The old oak gives an outward appearance of health and stability. Winter has arrived and gale force winds are in the forecast. One gust of wind and the mighty aged oak will topple and come crashing to earth. I think an even more fitting analogy is the sandpile with grains of sand being added day after day. Seven out of ten Americans receive more in government benefits than they pay in taxes. Goliath corporations and the uber-wealthy use the tax code and legislation to syphon hundreds of billions from the national treasury every year. We spend $1 trillion per year on past, current and future wars of choice. Annual interest on the debt we’ve racked up in the last few decades already approaches $400 billion per year. The entire Federal budget totaled $400 billion in 1977. The sandpile grows ever higher, while its instability expands exponentially. One seemingly innocuous grain of sand will ultimately cause the pile to collapse catastrophically. Will it be an unintended consequence of a missile launch into Syria? Will it be a spike in oil prices? Will it be the collapse of one of the EU PIIGS? Will it be an assassination of a political figure or banker? No one knows. But that innocuous grain of sand will trigger the collapse of the entire pile.
Worried people are looking for solutions. They often get angry at me because they don’t think I provide answers to the issues I raise about our corrupt failing system. They want easy answers to intractable problems. Sadly, I’ve come to the conclusion that our system and majority of citizens are too corrupted to change our course through the ballot box or instituting policies along the lines of those proposed by Ron Paul and many other thoughtful liberty minded people. We are experiencing the downside of a representative democracy. Once a person is democratically elected a gulf is created between the electors and the person they elected, as the representative becomes corrupted and bought by moneyed interests. Elected officials become a class unto themselves. The political class grows to be puppets that resemble human beings but are nothing but cogs in a vast corporate run machine, pawns in an enormous game of chess played by powerful vindictive immoral men. There are no cures for our disease. It’s terminal. Anyone telling you they have the answers is either lying or trying to sell you something. More people and organizations are on the take than are playing by the rules. The producers are being overrun by the parasites. The barbarians are at the gate. An implosion of societal trust is underway. The next stage of this crisis, which I believe will materialize within the next twelve months will try the souls of the weary.
“As the Crisis catalyzes, these fears will rush to the surface, jagged and exposed. Distrustful of some things, individuals will feel that their survival requires them to distrust more things. This behavior could cascade into a sudden downward spiral, an implosion of societal trust. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market with no buyers. Or it could be a series of downward ratchets linked to political events that sequentially knock the supports out from under the residual popular trust in the system. As assets devalue, trust will further disintegrate, which will cause assets to devalue further, and so on.” – The Fourth Turning – Strauss & Howe – 1997
As a nation we have squandered our inheritence, born of the blood of patriots. A freedom loving, liberty minded, self-responsible, courageous people have allowed ourselves to fall prey to selfishness, apathy, complacency and dependency. Once we allowed our human appetites of greed, power seeking, and control to override the moral responsibilty for our own lives and the lives of future unborn generations, collapse was inevitable. The danger now is what happens after the unavoidable collapse. Will the millions of dependency zombies beg for a strong dictator to protect them, provide for them and lead them into further bondage? Or will the spark of liberty and freedom reignite, allowing citizens to throw off the shackles of banker and corporate control? I believe most of the people in this country are good hearted. We are merely pawns in this game of Risk being played by those seeking power, wealth and world domination. We are all trapped in our own forms of normalcy bias. Have I cashed out my retirement funds, sold my suburban house and built a doomstead in the mountains? No I haven’t. Do I second guess myself sometimes? Yes I do. But even the aware have families to support, jobs to go to, bills to pay, laundry to do, lawns to mow, and lives to live. I can’t live in constant fear of what might happen. We only get 80 or so years on this earth, if we’re lucky. The best we can do is leave a positive legacy for our children and their children. A drastic change to our way of life is coming, but most of us are trapped in a cage of our own making.
Each living generation will need to do their part during this Crisis if we are to survive the coming storm. Since no one knows the nature of how the next fifteen years will unfold, it would be wise to at least make basic preparations for food, water, heat and protection. This is easier for some than others, but you don’t have to star on Doomsday Preppers in order to stock up on items that can be purchased at Wal-Mart today, but won’t be available when the global supply chain breaks down. Make sure you have neighbors and family you can rely upon. A small community of like minded people with varied skills are more likely to succeed in our brave old world than rugged individualists. With no financial means to maintain our globalized world, living locally will take on a new meaning. After much turmoil, chaos, violence, and likely mass casualties the best outcome would be for the Great American Empire to break into regional republics, incapable of waging global war, led by law abiding moral liberty minded individuals, and willing to trade freely and honestly with their fellow republics. Daily life would revert back to a simpler Amish like time. Would that be so bad?
This Fourth Turning could end with a whimper or a bang. There are enough nuclear arms to obliterate the world ten times over. There are enough hubristic egomaniacal psychopathic men in power, that the use of those weapons has a high likelihood of happening. It will be up to the people to not allow this horrific result. I love my country and despise my government. The Declaration of Independence clearly states that when a long train of abuses and usurpations lead toward despotism, it is our right and duty to throw off that government and provide new guards of liberty. My family comes first with my country a close second. I will fight with whatever means necessary to protect my family and do what I can to influence the future course of our country. Time is running out. Will we have the courage, fortitude and wisdom to make the right decisions over the next fifteen years? Will we choose glory or destruction? The fate of our nation hangs in the balance. Are you prepared? Are you ready to fight for your family and your rights?
The Fourth Turning could spare modernity but mark the end of our nation. It could close the book on the political constitution, popular culture, and moral standing that the word America has come to signify. The nation has endured for three saecula; Rome lasted twelve, the Soviet Union only one. Fourth Turnings are critical thresholds for national survival. Each of the last three American Crises produced moments of extreme danger: In the Revolution, the very birth of the republic hung by a thread in more than one battle. In the Civil War, the union barely survived a four-year slaughter that in its own time was regarded as the most lethal war in history. In World War II, the nation destroyed an enemy of democracy that for a time was winning; had the enemy won, America might have itself been destroyed. In all likelihood, the next Crisis will present the nation with a threat and a consequence on a similar scale. – The Fourth Turning – Strauss & Howe – 1997
http://www.zerohedge.com/news/2013-09-10/guest-post-trying-stay-sane-insane-world-worlds-end
Saturday, August 24, 2013
we have many millions of tons of non stop radiation contamination radioactive water approaching all our west coast beaches and these people are worried about what.. cigarettes?
http://enenews.com/gundersen-ocean-already-contaminated-from-deluge-of-fukushima-toxic-water-will-stop-eating-fish-from-west-coast-of-u-s-cesium-levels-about-1000-higher-than-normal-in-middle-of-pacific
KILL ALL THE WHITES - says DHS purchasing supervisor in charge of buying weapons and ammunition
I particularly like the part where he says, “We are mandated by our Creator to return to our proper status as rulers of this world.” And then hails the pagan deity Amen Ra. I guess King Barry is a step in the right direction, if you’re INSANE. This guy is a plant. The government wants a war. It's why he hasn't been fired and his website is still up and feeding the fear. Hate crime laws only exist and against if you are just a normal tax-paying heterosexual; everyone else gets a pass. It's all about fear.
http://www.storyleak.com/dhs-official-gun-and-ammo-purchasing-white-deaths-race-war/
http://www.storyleak.com/dhs-official-gun-and-ammo-purchasing-white-deaths-race-war/
Walmart’s Latest Scheme to Replace the Middle Class With an Underclass Forced to Buy its Shoddy Goods
Almost 30 years ago, as the U.S. was bleeding jobs, Walmart launched a “Buy America” program and started hanging “Made in America” signs in its 750 stores. It was a marketing success, cementing the retailer’s popularity in the country’s struggling, blue-collar heartland. A few years later, NBC’s Dateline revealed the program to be a sham . Sure, Walmart was willing to buy U.S.-made goods — so long as they were as cheap as imports, which, of course, they weren’t. Dateline found that Walmart’s sourcing was in fact rapidly shifting to Asia.
This year, Walmart is back with a new “Buy America” program. In January, the company announced that it would purchase an additional $50 billion worth of domestic goods over the next decade. This week, Walmart is convening several hundred suppliers, along with a handful of governors, for a summit on U.S. manufacturing .
This sounds pretty substantial, but in fact it’s just a more sophisticated and media savvy version of Walmart’s hollow 1980s Buy America campaign. For starters, $50 billion over a decade may sound huge at first, but measured against Walmart’s galactic size, it’s not. An additional $5 billion a year amounts to only 1.5 percent of what Walmart currently spends on inventory.
Worse, very little of this small increase in spending on American-made goods will actually result in new U.S. production and jobs. Most of the projected increase will simply be a byproduct of Walmart’s continued takeover of the grocery industry. Most grocery products sold in the U.S. are produced here. As Walmart expands its share of U.S. grocery sales — it now captures 25 percent, up from 6 percent in 1998 — it will buy more U.S. foods. But this doesn’t mean new jobs, because other grocers are losing market share and buying less. What it does mean is lower wages. As I reported earlier this year, Walmart’s growing control of the grocery sector is pushing down wages throughout food production .
Groceries now account for 55 percent of Walmart’s U.S. revenue, up from 24 percent in 2003. The company is planning to grow that ratio even further, with about 100 Neighborhood Market stores (Walmart’s new-ish supermarket format) in the pipeline this year alone, along with 125 new supercenters. So we can expect that at least half of Walmart’s new spending on U.S. goods will be for groceries, with no net gain in jobs and, very likely, a further decline in wages.
As for the rest, to a large extent, Walmart is simply taking credit for a shift that has already happened. Over the last few years, U.S. manufacturing has undergone a modest revival, owing mainly to rising labor costs in China. Unfortunately, it’s not at all clear that this revival will do much to resurrect the American middle class, because a lot of the new production is highly automated and located in the anti-union South.
This is especially true for the companies supplying Walmart. Take 1888 Mills, a Georgia towel maker that has a new (and much-publicized) contract to produce American-made towels for Walmart. The company, which plans to maintain its overseas workforce of 14,000 for the bulk of its production, will be adding only 35 jobs at its U.S. factory to meet Walmart’s multi-year purchase agreement. The jobs pay $12-14 an hour.
In a way, Walmart’s Buy America program represents the home stretch of the economic transformation the company set in motion decades ago, when it set out to replace the American middle class, rooted in small business ownership and unionized jobs, with a vast underclass that has little choice but to rely on the shoddy, short-lived products sold at big-box stores to get by.
http://rinf.com/alt-news/breaking-news/walmarts-latest-scheme-to-replace-the-middle-class-with-an-underclass-forced-to-buy-its-shoddy-goods/62355/
This year, Walmart is back with a new “Buy America” program. In January, the company announced that it would purchase an additional $50 billion worth of domestic goods over the next decade. This week, Walmart is convening several hundred suppliers, along with a handful of governors, for a summit on U.S. manufacturing .
This sounds pretty substantial, but in fact it’s just a more sophisticated and media savvy version of Walmart’s hollow 1980s Buy America campaign. For starters, $50 billion over a decade may sound huge at first, but measured against Walmart’s galactic size, it’s not. An additional $5 billion a year amounts to only 1.5 percent of what Walmart currently spends on inventory.
Worse, very little of this small increase in spending on American-made goods will actually result in new U.S. production and jobs. Most of the projected increase will simply be a byproduct of Walmart’s continued takeover of the grocery industry. Most grocery products sold in the U.S. are produced here. As Walmart expands its share of U.S. grocery sales — it now captures 25 percent, up from 6 percent in 1998 — it will buy more U.S. foods. But this doesn’t mean new jobs, because other grocers are losing market share and buying less. What it does mean is lower wages. As I reported earlier this year, Walmart’s growing control of the grocery sector is pushing down wages throughout food production .
Groceries now account for 55 percent of Walmart’s U.S. revenue, up from 24 percent in 2003. The company is planning to grow that ratio even further, with about 100 Neighborhood Market stores (Walmart’s new-ish supermarket format) in the pipeline this year alone, along with 125 new supercenters. So we can expect that at least half of Walmart’s new spending on U.S. goods will be for groceries, with no net gain in jobs and, very likely, a further decline in wages.
As for the rest, to a large extent, Walmart is simply taking credit for a shift that has already happened. Over the last few years, U.S. manufacturing has undergone a modest revival, owing mainly to rising labor costs in China. Unfortunately, it’s not at all clear that this revival will do much to resurrect the American middle class, because a lot of the new production is highly automated and located in the anti-union South.
This is especially true for the companies supplying Walmart. Take 1888 Mills, a Georgia towel maker that has a new (and much-publicized) contract to produce American-made towels for Walmart. The company, which plans to maintain its overseas workforce of 14,000 for the bulk of its production, will be adding only 35 jobs at its U.S. factory to meet Walmart’s multi-year purchase agreement. The jobs pay $12-14 an hour.
In a way, Walmart’s Buy America program represents the home stretch of the economic transformation the company set in motion decades ago, when it set out to replace the American middle class, rooted in small business ownership and unionized jobs, with a vast underclass that has little choice but to rely on the shoddy, short-lived products sold at big-box stores to get by.
http://rinf.com/alt-news/breaking-news/walmarts-latest-scheme-to-replace-the-middle-class-with-an-underclass-forced-to-buy-its-shoddy-goods/62355/
Friday, August 23, 2013
They want us all dead. Homeland Security Employee Under Fire for Promoting Race War ‘We are going to have to kill a lot of whites’
http://investmentwatchblog.com/dept-of-hate-dhs-manager-in-order-for-black-people-to-survive-a-lot-of-whites-need-to-be-killed/
Satellites can see AND LISTEN. (we've known this for years)
It's called laser spying and it was perfected in the 1970s, btw.
Guardian reveal NASA succeeded in using space telescope to decipher voices in a room. Telescope analysed the vibrations of the clothing being worn by the room occupants. This was in 2005.
http://12160.info/page/guardian-reveal-nasa-succeeded-in-using-space-telescope-to-deciph
You have to be under a tree to avoid this kind of surveillance. The thousands of leaves constantly shifting disrupt the signal, working like a kind of farraday cage.
Guardian reveal NASA succeeded in using space telescope to decipher voices in a room. Telescope analysed the vibrations of the clothing being worn by the room occupants. This was in 2005.
http://12160.info/page/guardian-reveal-nasa-succeeded-in-using-space-telescope-to-deciph
You have to be under a tree to avoid this kind of surveillance. The thousands of leaves constantly shifting disrupt the signal, working like a kind of farraday cage.
Thursday, August 22, 2013
Viewpoint: Agenda 21 takes away the right to own property
http://www.ravallirepublic.com/news/opinion/viewpoint/article_2e3e7a0c-0ac8-11e3-a158-0019bb2963f4.html
Blaming guns when monarch mind control is the real issue. see for yourself
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| this is your brain when its been fried by the CIA |
ad hominem attacks Al Gore: Climate Change Deniers Like Racists, Homophobes, Alcoholics, Smokers
http://www.breitbart.com/InstaBlog/2013/08/22/Al-Gore-Climate-Change-Deniers-Like-Racists-Homophobes-Alcoholics-Smokers
Germany Govt WARNS: Windows 8 NEVER USE! Microsof...
Sherrie Questioning All: Germany Govt WARNS: Windows 8 NEVER USE! Microsof...: How I can continually being shocked over revelations and Truth of the amount of spying the U.S. government does on it's citizens and...
Obamanomics Working as Planned: Forever 21 Apparel Company Will Have NO Non Management Full Time Employees After August
You will be a slave. You will have NO healthcare. You will obey. You will like it.
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http://www.policymic.com/articles/59981/obamacare-strikes-and-forever-21-cuts-employees-hours
The predictions and fears of the Affordable Care Act’s adversaries have begun to materialize, specifically fears that the law will encourage employers to demote their employees to part-time positions in order to evade federal health care requirements. Popular clothing company Forever 21 is the first of what might be many companies to limit its non-management workers’ hours to 29.5 a week, just below the 30-hour minimum that the ACA deems full-time work.
Explaining that the company “recently audited its staffing levels, staffing needs, and payroll in conjunction with reviewing its overall operating budget,” Associate Director of Human Resources Carla Macias informed employees that effective August 31, they will no longer be full-time employees of Forever 21.
It is a move that will likely harm the reputation of the company, will absolutely harm the economic circumstances of its employees, and will function as a tangible example of the Affordable Care Act’s consequences and shortcomings.
Although the ethical nature of Forever 21’s decision is debatable, it is both rational and understandable. A company that boasts regularly low prices and frequent, sensational sales, Forever 21′s competitive success is largely dependent upon its ability to maintain low manufacturing and operational costs. The ACA is an undeniable burden on this principle, and Forever 21’s management has the prerogative to take any legal measures necessary to avoid raising the costs of its products.
It is a decision that will pose moderate public-relations consequences for the company and it is an unfortunate result for its employees, but it is a pragmatic choice for any profit-driven company to make. Forever 21 will subsequently be just one of many others to take such an action if the ACA isn’t revised or repealed.
The private sector relies on minimizing costs and maximizing earnings. And those who compete within the economy must achieve those standards within the confines of rules established by the government. New rules from the ACA have been set, and Forever 21 has acted accordingly and eventually so too will its competitors and others in different sectors.
It is probable that in a perfect world, Forever 21’s management would love to continue employing full-time workers, provide them with substantial health care benefits, and maintain low prices for its customers. But in a nation with uniquely high health care costs, an issue that the Affordable Care Act fails to address, this is a regrettably unrealistic business model.
As long as health care costs remain as high as they are in the United States, many American companies will not be able to fund their employees’ health insurance and provide their consumers with quality, cheap products. And as is inevitable in a capitalist economy, companies compelled to reduce costs will find a way to do so, even if their employees are disadvantaged in the process.
****************************************************
http://www.policymic.com/articles/59981/obamacare-strikes-and-forever-21-cuts-employees-hours
The predictions and fears of the Affordable Care Act’s adversaries have begun to materialize, specifically fears that the law will encourage employers to demote their employees to part-time positions in order to evade federal health care requirements. Popular clothing company Forever 21 is the first of what might be many companies to limit its non-management workers’ hours to 29.5 a week, just below the 30-hour minimum that the ACA deems full-time work.
Explaining that the company “recently audited its staffing levels, staffing needs, and payroll in conjunction with reviewing its overall operating budget,” Associate Director of Human Resources Carla Macias informed employees that effective August 31, they will no longer be full-time employees of Forever 21.
It is a move that will likely harm the reputation of the company, will absolutely harm the economic circumstances of its employees, and will function as a tangible example of the Affordable Care Act’s consequences and shortcomings.
Although the ethical nature of Forever 21’s decision is debatable, it is both rational and understandable. A company that boasts regularly low prices and frequent, sensational sales, Forever 21′s competitive success is largely dependent upon its ability to maintain low manufacturing and operational costs. The ACA is an undeniable burden on this principle, and Forever 21’s management has the prerogative to take any legal measures necessary to avoid raising the costs of its products.
It is a decision that will pose moderate public-relations consequences for the company and it is an unfortunate result for its employees, but it is a pragmatic choice for any profit-driven company to make. Forever 21 will subsequently be just one of many others to take such an action if the ACA isn’t revised or repealed.
The private sector relies on minimizing costs and maximizing earnings. And those who compete within the economy must achieve those standards within the confines of rules established by the government. New rules from the ACA have been set, and Forever 21 has acted accordingly and eventually so too will its competitors and others in different sectors.
It is probable that in a perfect world, Forever 21’s management would love to continue employing full-time workers, provide them with substantial health care benefits, and maintain low prices for its customers. But in a nation with uniquely high health care costs, an issue that the Affordable Care Act fails to address, this is a regrettably unrealistic business model.
As long as health care costs remain as high as they are in the United States, many American companies will not be able to fund their employees’ health insurance and provide their consumers with quality, cheap products. And as is inevitable in a capitalist economy, companies compelled to reduce costs will find a way to do so, even if their employees are disadvantaged in the process.
Wednesday, August 21, 2013
Again, the MSM is putting this out. Wall Street Journal: THEY WANT YOU TO KNOW. Be advised, they've had their system in since 1994
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| NSA is coming to town... They see you when you're sleeping They know when you're awake They know when you think bad or good So goodthink for goodness sake... |
Flipper the talking Chinese investor: as the NAR chart below reveals, home sales are driven by overseas money, not US ciitizens with the affordability to buy a home for themselves
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| cash beats mortgage every time, to sellers. So much for the American Dream |
Tuesday, August 20, 2013
Saturday, August 17, 2013
Ah Fuckushima...Where's Al Gore, Micheal Moore, GreenPeace, Anyone.............?? Hello? Where are all the sustainable Agenda 21 crowd and bio-diversity zombies? Why all the silence from these satanic network shills?
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| Cancer rates skyrocket and ten bucks says it will be blamed on domestic terrorists one day |
As a comparison: Chernobyl was one reactor, in a rural area, a quarter of the size of one of the reactors at Fukushima. There was no 'spent fuel pool' to worry about. Chernobyl was treated in-situ...meaning everything was pretty much left where it was while the effort to contain it was made (and very expeditiously I might add) not only above ground, but below ground. At Fukushima, we have six top-floor pools all loaded with fuel that eventually will have to be removed, the most important being Reactor 4, although Reactor 3 is in pretty bad shape too.
http://www.zerohedge.com/news/2013-08-17/radioactive-water-leaking-fukushima-what-we-know Scientists on both sides of the Pacific have measured changing levels of radioactivity in fish and other ocean life since the March 2011 earthquake and tsunami triggered a nuclear meltdown at Japan’s Fukushima Daiichi nuclear plant. On Aug. 2, 2013, when Japan’s Tokyo Electric Power Co. (TEPCO) gave its first estimate of how much radioactive water from the nuclear plant has flowed into the ocean since the disaster, the company was finally facing up to what scientists have recognized for years.
"As an oceanographer looking at the reactor, we've known this since 2011," said Ken Buesseler, a marine chemist at the Woods Hole Oceanographic Institute in Woods Hole, Mass. "The news is TEPCO is finally admitting this."
TEPCO estimated that between 20 trillion and 40 trillion becquerels (units of radioactivity representing decay per second) of radioactive tritium have leaked into the ocean since the disaster, according to the Japanese newspaper Asahi Shimbun. The Fukushima plant is still leaking about 300 tons of radioactive water into the ocean every day, according to Japanese government officials. [Infographic: Inside Japan's Nuclear Reactors]
Japan is haunted by two lingering questions from this aftermath of the disaster: First, how the radioactivity might seriously contaminate ocean life that represents a source of seafood for humans; second, whether it can stop the leaks of radioactive water from the Fukushima plant.
Radioactivity is not created equal
The Fukushima plant is leaking much less contaminated water today compared with the immediate aftermath of the nuclear meltdown in June 2011 — a period when scientists measured 5,000 to 15,000 trillion becquerels of radioactive substances reaching the ocean. Even if radioactivity levels in the groundwater have spiked recently, as reported by Japanese news sources, Buesseler expects the overall amount to remain lower than during the June 2011 period.
"The amount of increase is still much smaller today than it was in 2011," Buesseler told LiveScience. "I'm not as concerned about the immediate health threat of human exposure, but I am worried about contamination of marine life in the long run."
The biggest threat in the contaminated water that flowed directly from Fukushima's reactors into the sea in June 2011 was huge quantities of the radionuclide called cesium. But the danger has changed over time as groundwater became the main source for leaks into the ocean. Soil can naturally absorb the cesium in groundwater, but other radionuclides, such as strontium and tritium, flow more freely through the soil into the ocean. (TEPCO is still coming up with estimates for how much strontium has reached the ocean.)
Tritium represents the lowest radioactive threat to ocean life and humans compared with cesium and strontium. Cesium’s radioactive energy is greater than tritium, but both it and tritium flow in and out of human and fish bodies relatively quickly. By comparison, strontium poses a greater danger because it replaces the calcium in bones and stays for much longer in the body.
Not fishing for trouble
A number of fish species caught off the coast of the Fukushima Prefecture in 2011 and 2012 had levels of cesium contamination greater than Japan's regulatory limit for seafood (100 becquerels per kilogram), but both U.S. and Japanese scientists have also reported a significant drop in overall cesium contamination of ocean life since the fall of 2011. The biggest contamination risks came from bottom-dwelling fish near the Fukushima site.
The radioactive groundwater leaks could still become worse in the future if TEPCO does not contain the problem, U.S. scientists say. But they cautioned against drawing firm conclusions about the latest impacts on ocean life until new peer-reviewed studies come out.
"For fish that are harvested 100 miles [160 kilometers] out to sea, I doubt it’d be a problem," said Nicholas Fisher, a marine biologist at Stony Brook University in Stony Brook, N.Y. "But in the region, yes, it's possible there could be sufficient contamination of local seafood so it'd be unwise to eat that seafood."
The overall contamination of ocean life by the Fukushima meltdown still remains very low compared with the effects of naturally occurring radioactivity and leftover contamination from U.S. and Soviet nuclear weapons testing in the 1960s. Fisher said he’d be "shocked" if the ongoing leaks of contaminated water had a significant impact on the ocean ecosystems.
Source of radioactive water
TEPCO is facing two huge issues in stopping the radioactive water leaks. First, groundwater from nearby mountains is becoming contaminated as it flows through the flooded basements of the Fukushima plant's reactor buildings. The water empties into the nuclear plant's man-made harbor at a rate of about 400 tons per day — and TEPCO has struggled to keep the water from leaking beyond existing barriers into the ocean.
"This water issue is going to be their biggest challenge for a long time," said Dale Klein, former head of the U.S. Nuclear Regulatory Commission. "It was a challenge for the U.S. during Three Mile Island [a partial nuclear meltdown in Pennsylvania on March 28, 1979], and this one is much more challenging."
Second, TEPCO must also deal with contaminated water from underground tunnels and pits that hold cables and pipes for the Fukushima nuclear plant’s emergency systems. The underground areas became flooded with highly radioactive water during the initial meltdown of the Fukushima plant’s reactors, and have since leaked water into the ocean despite TEPCO’s efforts to seal off the tunnels and pits.
TEPCO has also been racing to deal with the problem of storing hundreds of thousands of tons of radioactive water from the Fukushima plant, said Hiroaki Koide, a nuclear engineer at Kyoto University in Japan. The Japanese utility is testing a water decontamination system called ALPS that can remove almost all radioactive substances except for tritium, but has put much of the contaminated water in storage tanks in the meantime.
"The tanks are an emergency solution that is not suitable for long-time storage," Koide said. "Water will leak from any tank, and if that happens, it will merge with the groundwater."
What must be done
So what solutions exist beyond building more storage tanks? Klein reviewed a number of possible solutions with TEPCO when he was picked to head an independent advisory committee investigating the Fukushima nuclear accident.
One possible solution involves using refrigerants to freeze the ground around the Fukushima plant and create a barrier that stops the inflow of groundwater from the mountains. TEPCO is also considering a plan to inject a gel-like material into the ground that hardens into an artificial barrier similar to concrete, so that it can stop the contaminated groundwater from flowing into the ocean.
Such barriers could help hold the line while TEPCO pumped out the water, treated it with purification systems such as ALPS, and then figured out how to finally dispose of the decontaminated water.
"My priority would be stop the leak from the tunnel immediately," Klein said. "Number two would be to come up with a plan to stop the inflow and infiltration of groundwater. Number three is to come up with an integrated systematic water treatment plan."
Meanwhile, both Japanese and U.S. scientists continue to gather fresh scientific data on how the radioactivity impacts ocean life. Despite low contamination levels overall, studies have shown great differences in certain species depending on where they live and feed in the ocean.
"The most straightforward thing the Japanese can do now is measure the radionuclides in fish tissue, both at the bottom of the ocean and up in the water column at different distances from the release of contaminated groundwater," Fisher said.
Finally, what is the worst case scenario? What level of contamination are we looking at and how dire would the consequences be for the long-term health of the region?
CC: Extremely dire. This is a terrible answer to have to give, but the worst case scenario could play out in death to billions of people. A true apocalypse. Since we have been discussing Reactor 4, I'll stick to that problem in particular, but also understand that a weather event, power outage, earthquake, tsunami, cooling system failure, or explosion and fire in any way, shape, or form, at any location on the Fukushima site, could cascade into an event of that magnitude as well.
At any time, following any of these possible events, or even all by itself, nuclear fuel in reactor 4's pool could become critical, mostly because it will heat up the pool to a point where water will burn off and the zirconium cladding will catch fire when it is exposed to air. This already happened at least once in this pool that we are aware of. It almost happened again recently after a rodent took out an electrical line and cooling was stopped for days.
Once the integrity of the pool is compromised that will likely lead to more criticalities, which then can spread to other fuel. The heat from this reaction would weaken the structure further, which could then collapse and the contents of the pool end up in a pile of rubble on the ground. This would release an enormous amount of radioactivity, which Arnie Gundersen has referred to as a “Gamma Shine Event” without precedence, and Dr. Christopher Busby has deemed an “Open-air super reactor spectacular.”
This would preclude anyone from not only being at Reactor 4, but at Reactors 1, 2, 3, 5, 6, the associated pools for each, and the common spent fuel pool. Humans could no longer monitor and continue cooling operations at any of the reactors and pools, thus putting the entire site at risk for a massive radioactive release.
Mathematically, it is almost impossible to quantify in terms of resulting contamination, and a separate math problem would need to be performed for every nuclear element contained within the fuel, and whether or not that fuel exploded, burned, fissioned, melted, or was doused with water to try to cool it off and poured into the ocean afterward.
Some researchers have even ventured to say that other nuke plants on the east coast of Honshu may need to be evacuated if levels get too high, which will lead to subsequent failures/fires and explosions at these plants as well. Just how profound the effect will be on down-winders in North America, or the entire northern hemisphere for that matter, will literally depend on where the wind blows and where the rain falls, the duration and extent of a nuclear fire or chain-reaction event, and whether or not that reaction becomes self-sustaining. At least the northern half of Japan would be uninhabitable, and some researchers have argued that it already is.
This is already happening to the nuclear fuel in the ground under the plant, but now it would be happening above ground as well. There is no example historically to draw from on a scale of this magnitude. Everything is theory. But anyone who says this can't happen is not being truthful, because nobody really knows how bad things could get.
The most disturbing part of all of this is that Fukushima has been this dangerous, and precarious, since the second week of March 2011. The ante will definitely be upped once the fuel removal starts.
-------------------------------------------------------------------------------- There's more: RT interviews fallout researcher Christina Consolo, who says that if Japan continues on its course of doing nothing, then years of "duct tape fixes" could result in millions of death. Some excerpts: RT: How serious is the fuel rod situation compared to the danger of contaminated water build-up which we already know about? Christina Consolo: Although fuel rod removal happens on a daily basis at the 430+ nuclear sites around the world, it is a very delicate procedure even under the best of circumstances. What makes fuel removal at Fukushima so dangerous and complex is that it will be attempted on a fuel pool whose integrity has been severely compromised. However, it must be attempted as Reactor 4 has the most significant problems structurally, and this pool is on the top floor of the building. There are numerous other reasons that this will be a dangerous undertaking. - The racks inside the pool that contain this fuel were damaged by the explosion in the early days of the accident. - Zirconium cladding which encased the rods burned when water levels dropped, but to what extent the rods have been damaged is not known, and probably won't be until removal is attempted. - Saltwater cooling has caused corrosion of the pool walls, and probably the fuel rods and racks. - The building is sinking. - The cranes that normally lift the fuel were destroyed. - Computer-guided removal will not be possible; everything will have to be done manually. - TEPCO cannot attempt this process without humans, which will manage this enormous task while being bombarded with radiation during the extraction and casking. - The process of removing each rod will have to be repeated over 1,300 times without incident. - Moving damaged nuclear fuel under such complex conditions could result in a criticality if the rods come into close proximity to one another, which would then set off a chain reaction that cannot be stopped. What could potentially happen is the contents of the pool could burn and/or explode, and the entire structure sustain further damage or collapse. This chain reaction process could be self-sustaining and go on for a long time. This is the apocalyptic scenario in a nutshell. The water build-up is an extraordinarily difficult problem in and of itself, and as anyone with a leaky basement knows, water always 'finds a way.’ At Fukushima, they are dealing with massive amounts of groundwater that flow through the property, and the endless pouring that must be kept up 24/7/365 to keep things from getting worse. Recently there appears to be subsidence issues and liquefaction under the plant. TEPCO has decided to pump the water out of these buildings. However, pumping water out of the buildings is only going to increase the flow rate and create more of these ground issues around the reactors. An enormous undertaking - but one that needs to be considered for long-term preservation of the integrity of the site - is channelling the water away, like a drain tile installed around the perimeter of a house with a leaky basement, but on an epic scale. Without this effort, the soils will further deteriorate, structural shift will occur, and subsequently the contents of the pools will shift too. Any water that flows into those buildings also becomes highly radioactive, as it is likely coming into contact with melted fuel. Without knowing the extent of the current liquefaction and its location, the location of the melted fuel, how long TEPCO has been pumping out water, or when the next earthquake will hit, it is impossible to predict how soon this could occur from the water problem/subsidence issue alone. But undoubtedly, pumping water out of the buildings is just encouraging the flow, and this water problem needs to be remedied and redirected as soon as possible. RT: Given all the complications that could arise with extracting the fuel rods, which are the most serious, in your opinion? CC: The most serious complication would be anything that leads to a nuclear chain reaction. And as outlined above, there are many different ways this could occur. In a fuel pool containing damaged rods and racks, it could potentially start up on its own at anytime. TEPCO has been incredibly lucky that this hasn't happened so far. My second biggest concern would be the physical and mental fitness of the workers that will be in such close proximity to exposed fuel during this extraction process. They will be the ones guiding this operation, and will need to be in the highest state of alertness to have any chance at all of executing this plan manually and successfully. Many of their senses, most importantly eyesight, will be hindered by the apparatus that will need to be worn during their exposure, to prevent immediate death from lifting compromised fuel rods out of the pool and placing them in casks, or in the common spent fuel pool located a short distance away. Think for a moment what that might be like through the eyes of one of these workers; it will be hot, uncomfortable, your senses shielded, and you would be filled with anxiety. You are standing on a building that is close to collapse. Even with the strongest protection possible, workers will have to be removed and replaced often. So you don't have the benefit of doing such a critical task and knowing and trusting your comrades, as they will frequently have to be replaced when their radiation dose limits are reached. If they exhibit physical or mental signs of radiation exposure, they will have be replaced more often. It will be one of the worst, but most important jobs anyone has ever had to do. And even if executed flawlessly, there are still many things that could go wrong. RT: How do the potential consequences of failure to ensure safe extraction compare to other disasters of the sort – like Chernobyl, or the 2011 Fukushima meltdown? CC: There really is no comparison. This will be an incredibly risky operation, in the presence of an enormous amount of nuclear material in close proximity. And as we have seen in the past, one seemingly innocuous failure at the site often translates into a series of cascading failures. Many of their 'fixes' are only temporary, as there are so many issues to address, and cost always seems to be an enormous factor in what gets implemented and what doesn't. As a comparison: Chernobyl was one reactor, in a rural area, a quarter of the size of one of the reactors at Fukushima. There was no 'spent fuel pool' to worry about. Chernobyl was treated in-situ...meaning everything was pretty much left where it was while the effort to contain it was made (and very expeditiously I might add) not only above ground, but below ground. At Fukushima, we have six top-floor pools all loaded with fuel that eventually will have to be removed, the most important being Reactor 4, although Reactor 3 is in pretty bad shape too. Spent fuel pools were never intended for long-term storage, they were only to assist short-term movement of fuel. Using them as a long-term storage pool is a huge mistake that has become an 'acceptable' practice and repeated at every reactor site worldwide. We have three 100-ton melted fuel blobs underground, but where exactly they are located, no one knows. Whatever 'barriers' TEPCO has put in place so far have failed. Efforts to decontaminate radioactive water have failed. Robots have failed. Camera equipment and temperature gauges...failed. Decontamination of surrounding cities has failed. We have endless releases into the Pacific Ocean that will be ongoing for not only our lifetimes, but our children’s' lifetimes. We have 40 million people living in the Tokyo area nearby. We have continued releases from the underground corium that reminds us it is there occasionally with steam events and huge increases in radiation levels. Across the Pacific, we have at least two peer-reviewed scientific studies so far that have already provided evidence of increased mortality in North America, and thyroid problems in infants on the west coast states from our initial exposures. We have increasing contamination of the food chain, through bioaccumulation and biomagnification. And a newly stated concern is the proximity of melted fuel in relation to the Tokyo aquifer that extends under the plant. If and when the corium reaches the Tokyo aquifer, serious and expedient discussions will have to take place about evacuating 40 million people from the greater metropolitan area. As impossible as this sounds, you cannot live in an area which does not have access to safe water. The operation to begin removing fuel from such a severely damaged pool has never been attempted before. The rods are unwieldy and very heavy, each one weighing two-thirds of a ton. But it has to be done, unless there is some way to encase the entire building in concrete with the pool as it is. I don't know of anyone discussing that option, but it would seem much 'safer' than what they are about to attempt...but not without its own set of risks. And all this collateral damage will continue for decades, if not centuries, even if things stay exactly the way they are now. But that is unlikely, as bad things happen like natural disasters and deterioration with time...earthquakes, subsidence, and corrosion, to name a few. Every day that goes by, the statistical risk increases for this apocalyptic scenario. No one can say or know how this will play out, except that millions of people will probably die even if things stay exactly as they are, and billions could die if things get any worse.
"As an oceanographer looking at the reactor, we've known this since 2011," said Ken Buesseler, a marine chemist at the Woods Hole Oceanographic Institute in Woods Hole, Mass. "The news is TEPCO is finally admitting this."
TEPCO estimated that between 20 trillion and 40 trillion becquerels (units of radioactivity representing decay per second) of radioactive tritium have leaked into the ocean since the disaster, according to the Japanese newspaper Asahi Shimbun. The Fukushima plant is still leaking about 300 tons of radioactive water into the ocean every day, according to Japanese government officials. [Infographic: Inside Japan's Nuclear Reactors]
Japan is haunted by two lingering questions from this aftermath of the disaster: First, how the radioactivity might seriously contaminate ocean life that represents a source of seafood for humans; second, whether it can stop the leaks of radioactive water from the Fukushima plant.
Radioactivity is not created equal
The Fukushima plant is leaking much less contaminated water today compared with the immediate aftermath of the nuclear meltdown in June 2011 — a period when scientists measured 5,000 to 15,000 trillion becquerels of radioactive substances reaching the ocean. Even if radioactivity levels in the groundwater have spiked recently, as reported by Japanese news sources, Buesseler expects the overall amount to remain lower than during the June 2011 period.
"The amount of increase is still much smaller today than it was in 2011," Buesseler told LiveScience. "I'm not as concerned about the immediate health threat of human exposure, but I am worried about contamination of marine life in the long run."
The biggest threat in the contaminated water that flowed directly from Fukushima's reactors into the sea in June 2011 was huge quantities of the radionuclide called cesium. But the danger has changed over time as groundwater became the main source for leaks into the ocean. Soil can naturally absorb the cesium in groundwater, but other radionuclides, such as strontium and tritium, flow more freely through the soil into the ocean. (TEPCO is still coming up with estimates for how much strontium has reached the ocean.)
Tritium represents the lowest radioactive threat to ocean life and humans compared with cesium and strontium. Cesium’s radioactive energy is greater than tritium, but both it and tritium flow in and out of human and fish bodies relatively quickly. By comparison, strontium poses a greater danger because it replaces the calcium in bones and stays for much longer in the body.
Not fishing for trouble
A number of fish species caught off the coast of the Fukushima Prefecture in 2011 and 2012 had levels of cesium contamination greater than Japan's regulatory limit for seafood (100 becquerels per kilogram), but both U.S. and Japanese scientists have also reported a significant drop in overall cesium contamination of ocean life since the fall of 2011. The biggest contamination risks came from bottom-dwelling fish near the Fukushima site.
The radioactive groundwater leaks could still become worse in the future if TEPCO does not contain the problem, U.S. scientists say. But they cautioned against drawing firm conclusions about the latest impacts on ocean life until new peer-reviewed studies come out.
"For fish that are harvested 100 miles [160 kilometers] out to sea, I doubt it’d be a problem," said Nicholas Fisher, a marine biologist at Stony Brook University in Stony Brook, N.Y. "But in the region, yes, it's possible there could be sufficient contamination of local seafood so it'd be unwise to eat that seafood."
The overall contamination of ocean life by the Fukushima meltdown still remains very low compared with the effects of naturally occurring radioactivity and leftover contamination from U.S. and Soviet nuclear weapons testing in the 1960s. Fisher said he’d be "shocked" if the ongoing leaks of contaminated water had a significant impact on the ocean ecosystems.
Source of radioactive water
TEPCO is facing two huge issues in stopping the radioactive water leaks. First, groundwater from nearby mountains is becoming contaminated as it flows through the flooded basements of the Fukushima plant's reactor buildings. The water empties into the nuclear plant's man-made harbor at a rate of about 400 tons per day — and TEPCO has struggled to keep the water from leaking beyond existing barriers into the ocean.
"This water issue is going to be their biggest challenge for a long time," said Dale Klein, former head of the U.S. Nuclear Regulatory Commission. "It was a challenge for the U.S. during Three Mile Island [a partial nuclear meltdown in Pennsylvania on March 28, 1979], and this one is much more challenging."
Second, TEPCO must also deal with contaminated water from underground tunnels and pits that hold cables and pipes for the Fukushima nuclear plant’s emergency systems. The underground areas became flooded with highly radioactive water during the initial meltdown of the Fukushima plant’s reactors, and have since leaked water into the ocean despite TEPCO’s efforts to seal off the tunnels and pits.
TEPCO has also been racing to deal with the problem of storing hundreds of thousands of tons of radioactive water from the Fukushima plant, said Hiroaki Koide, a nuclear engineer at Kyoto University in Japan. The Japanese utility is testing a water decontamination system called ALPS that can remove almost all radioactive substances except for tritium, but has put much of the contaminated water in storage tanks in the meantime.
"The tanks are an emergency solution that is not suitable for long-time storage," Koide said. "Water will leak from any tank, and if that happens, it will merge with the groundwater."
What must be done
So what solutions exist beyond building more storage tanks? Klein reviewed a number of possible solutions with TEPCO when he was picked to head an independent advisory committee investigating the Fukushima nuclear accident.
One possible solution involves using refrigerants to freeze the ground around the Fukushima plant and create a barrier that stops the inflow of groundwater from the mountains. TEPCO is also considering a plan to inject a gel-like material into the ground that hardens into an artificial barrier similar to concrete, so that it can stop the contaminated groundwater from flowing into the ocean.
Such barriers could help hold the line while TEPCO pumped out the water, treated it with purification systems such as ALPS, and then figured out how to finally dispose of the decontaminated water.
"My priority would be stop the leak from the tunnel immediately," Klein said. "Number two would be to come up with a plan to stop the inflow and infiltration of groundwater. Number three is to come up with an integrated systematic water treatment plan."
Meanwhile, both Japanese and U.S. scientists continue to gather fresh scientific data on how the radioactivity impacts ocean life. Despite low contamination levels overall, studies have shown great differences in certain species depending on where they live and feed in the ocean.
"The most straightforward thing the Japanese can do now is measure the radionuclides in fish tissue, both at the bottom of the ocean and up in the water column at different distances from the release of contaminated groundwater," Fisher said.
Finally, what is the worst case scenario? What level of contamination are we looking at and how dire would the consequences be for the long-term health of the region?
CC: Extremely dire. This is a terrible answer to have to give, but the worst case scenario could play out in death to billions of people. A true apocalypse. Since we have been discussing Reactor 4, I'll stick to that problem in particular, but also understand that a weather event, power outage, earthquake, tsunami, cooling system failure, or explosion and fire in any way, shape, or form, at any location on the Fukushima site, could cascade into an event of that magnitude as well.
At any time, following any of these possible events, or even all by itself, nuclear fuel in reactor 4's pool could become critical, mostly because it will heat up the pool to a point where water will burn off and the zirconium cladding will catch fire when it is exposed to air. This already happened at least once in this pool that we are aware of. It almost happened again recently after a rodent took out an electrical line and cooling was stopped for days.
Once the integrity of the pool is compromised that will likely lead to more criticalities, which then can spread to other fuel. The heat from this reaction would weaken the structure further, which could then collapse and the contents of the pool end up in a pile of rubble on the ground. This would release an enormous amount of radioactivity, which Arnie Gundersen has referred to as a “Gamma Shine Event” without precedence, and Dr. Christopher Busby has deemed an “Open-air super reactor spectacular.”
This would preclude anyone from not only being at Reactor 4, but at Reactors 1, 2, 3, 5, 6, the associated pools for each, and the common spent fuel pool. Humans could no longer monitor and continue cooling operations at any of the reactors and pools, thus putting the entire site at risk for a massive radioactive release.
Mathematically, it is almost impossible to quantify in terms of resulting contamination, and a separate math problem would need to be performed for every nuclear element contained within the fuel, and whether or not that fuel exploded, burned, fissioned, melted, or was doused with water to try to cool it off and poured into the ocean afterward.
Some researchers have even ventured to say that other nuke plants on the east coast of Honshu may need to be evacuated if levels get too high, which will lead to subsequent failures/fires and explosions at these plants as well. Just how profound the effect will be on down-winders in North America, or the entire northern hemisphere for that matter, will literally depend on where the wind blows and where the rain falls, the duration and extent of a nuclear fire or chain-reaction event, and whether or not that reaction becomes self-sustaining. At least the northern half of Japan would be uninhabitable, and some researchers have argued that it already is.
This is already happening to the nuclear fuel in the ground under the plant, but now it would be happening above ground as well. There is no example historically to draw from on a scale of this magnitude. Everything is theory. But anyone who says this can't happen is not being truthful, because nobody really knows how bad things could get.
The most disturbing part of all of this is that Fukushima has been this dangerous, and precarious, since the second week of March 2011. The ante will definitely be upped once the fuel removal starts.
-------------------------------------------------------------------------------- There's more: RT interviews fallout researcher Christina Consolo, who says that if Japan continues on its course of doing nothing, then years of "duct tape fixes" could result in millions of death. Some excerpts: RT: How serious is the fuel rod situation compared to the danger of contaminated water build-up which we already know about? Christina Consolo: Although fuel rod removal happens on a daily basis at the 430+ nuclear sites around the world, it is a very delicate procedure even under the best of circumstances. What makes fuel removal at Fukushima so dangerous and complex is that it will be attempted on a fuel pool whose integrity has been severely compromised. However, it must be attempted as Reactor 4 has the most significant problems structurally, and this pool is on the top floor of the building. There are numerous other reasons that this will be a dangerous undertaking. - The racks inside the pool that contain this fuel were damaged by the explosion in the early days of the accident. - Zirconium cladding which encased the rods burned when water levels dropped, but to what extent the rods have been damaged is not known, and probably won't be until removal is attempted. - Saltwater cooling has caused corrosion of the pool walls, and probably the fuel rods and racks. - The building is sinking. - The cranes that normally lift the fuel were destroyed. - Computer-guided removal will not be possible; everything will have to be done manually. - TEPCO cannot attempt this process without humans, which will manage this enormous task while being bombarded with radiation during the extraction and casking. - The process of removing each rod will have to be repeated over 1,300 times without incident. - Moving damaged nuclear fuel under such complex conditions could result in a criticality if the rods come into close proximity to one another, which would then set off a chain reaction that cannot be stopped. What could potentially happen is the contents of the pool could burn and/or explode, and the entire structure sustain further damage or collapse. This chain reaction process could be self-sustaining and go on for a long time. This is the apocalyptic scenario in a nutshell. The water build-up is an extraordinarily difficult problem in and of itself, and as anyone with a leaky basement knows, water always 'finds a way.’ At Fukushima, they are dealing with massive amounts of groundwater that flow through the property, and the endless pouring that must be kept up 24/7/365 to keep things from getting worse. Recently there appears to be subsidence issues and liquefaction under the plant. TEPCO has decided to pump the water out of these buildings. However, pumping water out of the buildings is only going to increase the flow rate and create more of these ground issues around the reactors. An enormous undertaking - but one that needs to be considered for long-term preservation of the integrity of the site - is channelling the water away, like a drain tile installed around the perimeter of a house with a leaky basement, but on an epic scale. Without this effort, the soils will further deteriorate, structural shift will occur, and subsequently the contents of the pools will shift too. Any water that flows into those buildings also becomes highly radioactive, as it is likely coming into contact with melted fuel. Without knowing the extent of the current liquefaction and its location, the location of the melted fuel, how long TEPCO has been pumping out water, or when the next earthquake will hit, it is impossible to predict how soon this could occur from the water problem/subsidence issue alone. But undoubtedly, pumping water out of the buildings is just encouraging the flow, and this water problem needs to be remedied and redirected as soon as possible. RT: Given all the complications that could arise with extracting the fuel rods, which are the most serious, in your opinion? CC: The most serious complication would be anything that leads to a nuclear chain reaction. And as outlined above, there are many different ways this could occur. In a fuel pool containing damaged rods and racks, it could potentially start up on its own at anytime. TEPCO has been incredibly lucky that this hasn't happened so far. My second biggest concern would be the physical and mental fitness of the workers that will be in such close proximity to exposed fuel during this extraction process. They will be the ones guiding this operation, and will need to be in the highest state of alertness to have any chance at all of executing this plan manually and successfully. Many of their senses, most importantly eyesight, will be hindered by the apparatus that will need to be worn during their exposure, to prevent immediate death from lifting compromised fuel rods out of the pool and placing them in casks, or in the common spent fuel pool located a short distance away. Think for a moment what that might be like through the eyes of one of these workers; it will be hot, uncomfortable, your senses shielded, and you would be filled with anxiety. You are standing on a building that is close to collapse. Even with the strongest protection possible, workers will have to be removed and replaced often. So you don't have the benefit of doing such a critical task and knowing and trusting your comrades, as they will frequently have to be replaced when their radiation dose limits are reached. If they exhibit physical or mental signs of radiation exposure, they will have be replaced more often. It will be one of the worst, but most important jobs anyone has ever had to do. And even if executed flawlessly, there are still many things that could go wrong. RT: How do the potential consequences of failure to ensure safe extraction compare to other disasters of the sort – like Chernobyl, or the 2011 Fukushima meltdown? CC: There really is no comparison. This will be an incredibly risky operation, in the presence of an enormous amount of nuclear material in close proximity. And as we have seen in the past, one seemingly innocuous failure at the site often translates into a series of cascading failures. Many of their 'fixes' are only temporary, as there are so many issues to address, and cost always seems to be an enormous factor in what gets implemented and what doesn't. As a comparison: Chernobyl was one reactor, in a rural area, a quarter of the size of one of the reactors at Fukushima. There was no 'spent fuel pool' to worry about. Chernobyl was treated in-situ...meaning everything was pretty much left where it was while the effort to contain it was made (and very expeditiously I might add) not only above ground, but below ground. At Fukushima, we have six top-floor pools all loaded with fuel that eventually will have to be removed, the most important being Reactor 4, although Reactor 3 is in pretty bad shape too. Spent fuel pools were never intended for long-term storage, they were only to assist short-term movement of fuel. Using them as a long-term storage pool is a huge mistake that has become an 'acceptable' practice and repeated at every reactor site worldwide. We have three 100-ton melted fuel blobs underground, but where exactly they are located, no one knows. Whatever 'barriers' TEPCO has put in place so far have failed. Efforts to decontaminate radioactive water have failed. Robots have failed. Camera equipment and temperature gauges...failed. Decontamination of surrounding cities has failed. We have endless releases into the Pacific Ocean that will be ongoing for not only our lifetimes, but our children’s' lifetimes. We have 40 million people living in the Tokyo area nearby. We have continued releases from the underground corium that reminds us it is there occasionally with steam events and huge increases in radiation levels. Across the Pacific, we have at least two peer-reviewed scientific studies so far that have already provided evidence of increased mortality in North America, and thyroid problems in infants on the west coast states from our initial exposures. We have increasing contamination of the food chain, through bioaccumulation and biomagnification. And a newly stated concern is the proximity of melted fuel in relation to the Tokyo aquifer that extends under the plant. If and when the corium reaches the Tokyo aquifer, serious and expedient discussions will have to take place about evacuating 40 million people from the greater metropolitan area. As impossible as this sounds, you cannot live in an area which does not have access to safe water. The operation to begin removing fuel from such a severely damaged pool has never been attempted before. The rods are unwieldy and very heavy, each one weighing two-thirds of a ton. But it has to be done, unless there is some way to encase the entire building in concrete with the pool as it is. I don't know of anyone discussing that option, but it would seem much 'safer' than what they are about to attempt...but not without its own set of risks. And all this collateral damage will continue for decades, if not centuries, even if things stay exactly the way they are now. But that is unlikely, as bad things happen like natural disasters and deterioration with time...earthquakes, subsidence, and corrosion, to name a few. Every day that goes by, the statistical risk increases for this apocalyptic scenario. No one can say or know how this will play out, except that millions of people will probably die even if things stay exactly as they are, and billions could die if things get any worse.
As Memory Fades, Motorists Start Paying L.A. County Red-light Camera Tickets Again, Even Though They Don't Have To
http://libertyfight.com/2013/as_memory_fades_losangeles_motorists_pay_unenforced_tickets.html
In August 2013, it was reported that the Obama administration had pressured internet service providers to install surveillance software, so that it could monitor internet traffic without a warrant. Internet service providers who did not cave in to this pressure were threatened by the Obama administration with contempt of court. This violated the Constitution’s ban on warrantless searches. In addition, the executive branch does not have the legal authority to declare contempt of court, as this power is reserved exclusively for the judicial branch.
http://news.cnet.com/8301-13578_3-57596791-38/fbi-pressures-internet-providers-to-install-surveillance-software/
Thursday, August 15, 2013
Smart Meters and Agenda 21
http://www.youtube.com/watch?v=xdcmbJKvm24
http://www.youtube.com/watch?v=CL2JQ0FbgvU
You see it don't you? Anything with the prefix SMART really is code for SLAVE.
http://www.youtube.com/watch?v=CL2JQ0FbgvU
You see it don't you? Anything with the prefix SMART really is code for SLAVE.
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