Extinction Level Event
The Extinction Level Event Nobody Seems to Want to Talk About
Ruvy
Jul 16, 2010
http://ruvysroost.blogspot.com/2010/07/extinction-level-event-nobody-seems-to.html
If this bubble bursts, then the ocean floor will rise, and then fall, like a woman putting a sheet on a bed, and this fall will cause a tsunami. Best guesses for a time frame seem to be mid August to early September. The tsunami will cause a wave of poisoned water to race across the area at between 400 to 600 mph creating a wave of water washing over the land that will be 20 to 80 feet high – which will flood out Florida entirely – and which will go from 50 to 200 miles inland. That is what a number of these podcasts suggest.
Even if this does not occur, there are no good scenarios here. There is at the minimum, poisons and oil being lifted into the atmosphere by hurricanes and tossed on land, poisoning it for a long time. In addition, the methylene chloride, hydrogen sulfide and benzene, along with the petroleum itself, is now flowing in the Gulf Stream of the Atlantic Ocean, and where it goes, it will, like a Dementor from the Harry Potter novels, kiss the ocean floor with death, creating dead zones all over the Atlantic as the current carries it through the seas. It will kill plankton and all life it touches, and therefore all life dependent on the plankton will also die. That is happening already. At the worst, as already mentioned, is the caldera event developing underneath the ocean floor, causing it to rise and fall like a sheet on a bed, and causing a tsunami that can kill millions of people. This tsunami can result, over time, in the permanent destruction of about a quarter of the United States. In sum, this is an Extinction Level Event, which is a nice way of saying that lots of people, animals and plants die over a short period of time.
It is clear that there is a media blackout of events in the Gulf. The administration has outlawed any media from coming closer than 65 feet to the zone being worked on, and British Petroleum has bought key-words so as to be able to manipulate where people using search engines can get their data. It has been hard to get late breaking news from the region. The latest story I've been able to get has been from Sorcha Faal, an Irish news source that has links to Russian intelligence. In fact, one could view Sorcha Faal as analogous to Debkafiles. Debkafiles is the Mossad's "back door" for leaks, and Sorcha Faal may well be the "back door" of Russian intelligence for the same purpose. A careful look at these articles from Sorcha Faal gives you a feel for my assertion. Obama Warns World Leaders 'Millions Could Die' From Gulf Oil Disaster, from 27 June; NATO Orders All 'Critical Assets' Moved 100 Miles From Gulf Oil Spill Region, from 4 July; NATO Orders 7,000 Marines to Costa Rica as Quake Fears Grow, from 8 July. Now the important thing to realize from these articles, all of them, is that as one goes through the links, vetting the articles, the links are legit. But in all of them is some allegation that just does not smell right. And all of the articles seem to lobby for the use of a small tactical nuke to close the spill, an act that could effectively shut down access to the oil altogether. When you realize that there are only two really massive untapped sources for abiotic oil - Russia and the Gulf of Mexico - you realize where that puts Russia in terms of controlling the world's oil supplies.
But Sorcha Faal may not be the only source for seeing an Extinction Level Event in the Gulf Oil Disaster.
Helium.com, has an interesting Doomsday article called How the BP Gulf Disaster May Have Triggered a World-Wide Killing Event. The article, from Terrence Aym, explores the theories of bio-chemical engineer, Gregory Ryskin of Northwestern University, who seems to believe that "The oceans periodically produce massive eruptions of explosive methane gas. He has documented the scientific evidence that such an event was directly responsible for the mass extinctions that occurred 55 million years ago." According to the article,
The warning signs of an impending planetary catastrophe—of such great magnitude that the human mind has difficulty grasping it-would be the appearance of large fissures or rifts splitting open the ocean floor, a rise in the elevation of the seabed, and the massive venting of methane and other gases into the surrounding water.
Such occurrences can lead to the rupture of the methane bubble containment—it can then permit the methane to breach the subterranean depths and undergo an explosive decompression as it catapults into the Gulf waters.
All three warning signs are documented to be occurring in the Gulf.
The article did not go by without disputation from others. Tom Burnett's comments are worth looking at in that regard.
Getting the Bum's Rush?
Folks working to deal with the situation created by this disaster were driving along the Gulf one night when they saw an interesting sight - hundreds of buses and vans that they had never seen before. Do they portend an evacuation, perhaps one at gunpoint? The situation in terms of the declining air and water quality, the likelihood that there will be no work, and that the first big hurricane will leave everything it touches barren might point in that direction. On 1 July, I had compiled the four e-mails I sent out to numerous individuals in an article on my blog-site. From one of my correspondents I received this story of a possible evacuation being planned with a martial law alert. When I looked at the story, I traced it to southern California, and a group that keeps an eye on acts by law-enforcement authorities and others, that might indicate the imposition of martial law. To cut to the chase, the fellow who posted the story, who uses the moniker, "Darkelf" said the following in his post
Due to toxic gases from the fractured oil well in the Gulf of Mexico, the possible off-gassing of the highly-toxic Corexit 9500 (the chemical dispersant used by BP in the oil spill clean-up), acid rain and various as-yet-unknown forms of environmental damage, we believe that the government will have no choice but to relocate millions of people away from the Gulf Coast. Those living in Florida are presently at the highest risk, but the danger also appears likely to spread to all Gulf Coast states east of Louisiana and possibly even to the entire Eastern half of the United States once hurricane season begins.
Sounds familiar? Well, to make it all even more convincing, Darkelf provides us with a map of the Gulf of Mexico illustrating how far inland 200 miles really is. If you go from left to right, you see that 200 miles in from the coast stretches from Monterey, Mexico almost to Piedras Negras on the border with the US, stretching almost as far in as Waco, Tyler (TX), Shreveport, Monroe (LA), Jackson (MS), and stretching all the way to Savannah, Georgia on the Atlantic coast. ALL OF FLORIDA IS INCLUDED IN THIS ZONE. The source for this? It's called the SOCAL Martial Law Alerts Meetup Group.
This "meetup group" is kind of what the podcast I referred to a few paragraphs above talked about. Citizens organized to help each other, and work as a group for the group's benefit. I suggest that anybody reading this article who lives near the Gulf read this link in its entirety. I lived on the street once and I remember the bum's rush all too well. It's hard enough when you are single and it is just you yourself you worry about, and it is a McDonald's you are being kicked out of. But when a guy is showing you, your wife and your kids out of your homes permanently with a gun pointed at you, it can get a lot more painful.
As I said at the beginning of this article, there are no good scenarios here. I personally am persuaded that at some time in the near future, this will turn catastrophic in an apocalyptic way. I said so in that long e-mail I referenced above. But even if it doesn't, I think we are seeing an Extinction Level Event.
That is hard to write. But I will not lie to you.
Saturday, July 17, 2010
Thursday, July 1, 2010
BP, Illusion of a False Spill
BP, Illusion of a False Spill
Forebiddenknowledge
Jun 20, 2010
http://shtf411.com/bp-illusion-of-a-false-spill-t7065.html
The 'disaster' in the Gulf of Mexico is beyond a false flag; it's an illusion. What I'm about to reveal will more than likely go by the wayside, and the charade will continue. The reason for writing this is not for attention, games, or folly, but to expose the biggest scam in the 21st century, and to relieve some aching hearts. There is no need for fear as this is a staged event.
The Government, corporations, and the people behind them have pulled out all the stops to insure the truth doesn't come out. They are the reason why the beaches have private security contractors, insuring no one is able to gain access to the oil on shore. They are the reason the Gulf of Mexico is a no fly zone. They are the reason why the gulf states are being locked down by military. They are the reason why the well head you see is different in many videos that BP releases. Without this measure of control the illusion would fail.
The large oil spills washing up on the shores are not from BP Deep Horizon. They are indeed from surrounding wells, that were already leaking by design. These wells can be verified through a simple online search. You'll notice that much of the oil is actually in the form of tar. Usually tar balls; sizes of these have reached 2000+ pounds.
From the start, BP, Haliburton, and co-conspirators knew where they were drilling. Using specific equipment, such as the German ship RV Sonne, they had detailed maps of the ocean bottom. The ship, and a specific college study from 2005, in the Gulf of Mexico, are your starting points to what's really happening in the gulf. Here's a link to what the study synopses
http://geology.about.com/cs/volcanology/a/aa051604a.htm
What BP, Haliburton, and other co-conspirators intentionally drilled into was an Asphalt Volcano. Sounds scary doesn't it? It really is not. In fact, after you read the above link you'll know that the Gulf of Mexico is literally coated in oil, tar, and methane hydrate at the bottom. The study went on to find that massive aquatic life has specifically adapted to living off of the hydrocarbons. That in fact these asphalt volcanoes are a natural part of the ocean ecology, and their eruptions actually benefit the sea life over the long duration of time.
Another aspect to what I was directly told is that BP, Haliburton, and other co-conspirators drilled intentionally into the 'mid side' of this particular asphalt volcano. Basically from what I understand, it is a soda bottle effect. If they had drilled into the top of the volcano, then all the gas would rise out, and explode as would bottled carbonated liquid. The effect of drilling into the side permits a safely controlled release of gas, tar, liquified asphalt, and other related gases. What was done is a more or less controlled release; almost natural in fact!
The Asphalt volcano was a win win situation for this false flag: as it presented the best illusion to all outside parties. Not only do the conspirators need to fool the general public, but also the oil industry, and scientific community. The public is easy to fool, but the latter two groups take a little more effort; this is the main reason why the Gulf is being isolated by security contractors, and military. Anyone well versed on this giant debacle in the Gulf knows that it is surrounded with stories, and claims of negligence. This was the first purposeful aspect to make the story seem credible to all outside parties; as the story is more easily believed, when it is chalked up to human error, or incompetence.
Besides using inferior, shotty, or flat out negligent craftsmanship, as the well was intended to fail from the onset, the conspirators knew that the pressure produced from the volcano would blow out even better equipment. This was the second mechanism to fool other industry experts. All experts, and scientific communities only know what they are told, and that is the well tapped into a large high pressure hydrocarbon pocket. To even a trained eye, what they are being told appears to be a massive oil gusher, when in fact it's a controlled event.
In watching the videos, or live feeds looks horrible, and very ominous, but upon closer examination the tell tale signs of what it really is shows through, what you are actually viewing is a man made(well bore) large "Black Smoker". You should take note, as the evidence has built, the live feed appears to have been tampered with. I suspect it is because of the video below. The man narrating the video has it correct, it is a volcano! But those aren't flames. From the link provided above, they are a combination of gases; specifically Sulfur, and Iron are what create the flame effect. Since the airing of that video, several of the live feeds have been proven to be tampered footage, or faked.
http://www.youtube.com/watch?v=en9CoYb0OHs
You need to realize that an illusion is only as good as it's weakest link. All scientific evidence on paper coming from the government, and corporations is being fudged. In the case of this staged, and controlled event that weak link is the oil, or more specifically the tangible tar that can be collected. As I mentioned much of the oil that has been seen, or noticed is tar rather than heavy crude oil. Out at sea closest to the Deep Horizon site, "shrimpers" have been hired to boom the oil/tar together, and set it ablaze. There are several huge fires right now out in the Gulf. The reason is for this is to hide the evidence. The distinct asphalt volcano tar, is actually coated with naturally produced oil eating microbes, and other natural safe guards produced by Mother Earth; these types of organisms are not present in a regular oil well, but commonly in the Asphalt Volcanoes, and large tar flows at the bottom of the Gulf of Mexico.
To continue with why the asphalt volcano was a win win to drill into, is the heaviness of the tar. Read the linked article provided above, the tar will cling to lighter oil, and fall to the bottom of the Gulf at some point, near in the future. Also, the microbes, and other organisms that naturally occur from this will multiply. They will not only eat the tar, but the other control released oil that they are pumping into the Gulf.
We've all seen the videos of beaches not lined so much with oil, but with tar balls of varying sizes. Also, we've all noticed BP's overall lack of concern for cleanup. We've seen booms which aren't tied together. We've heard first hand account of staged clean ups on the beaches. As soon as a press conference, or media event is done BP stops work. The reason is simple, it's not that they don't care, but that they already know what's gonna happen. The oil will start naturally being cleaned up via decomposition, oil eating organisms, and falling to the already naturally tar covered bottom of the Gulf of Mexico.
What's the benefit of this scam? MONEY, and population control. Read this article
http://theintelhub.com/2010/06/18/gulf-spill-disaster-or-a-well-organized-plan/
If you're still reading this article, and even beginning to grasp the sinister nature of the fraud being perpetrated, then you'll realize that the corexit9500, and other dispersant's are not needed. They are purposely being sprayed by Evergreen Air/CIA to cull the population along the Gulf Coast.
Also, explained to me, is the large amount of useless eaters, pond scum, or undesirables living along the gulf coast. These would be the Americans living off of the government. I will not beat around the bush with pleasantries, or politically correct statements here. This coastal area from Texas to Florida has the highest, or most dense population of targets of illimination by the US Govt., and corporations. These are the populations living on welfare(in this area dominated by African Americans), and the older population living on Social Security(mainly Florida). These people are going to start dropping like flies over the next few years, and greatly reduce the burden to government coffers.
In this respect this is a doomsday event, but it's not the end of the food chain, death of the oceans, or as some have warned an extinction level event. It's only bad for the targeted populations.
To cover the money aspects of this fraudulent event, are somewhat self evident. Primarily, as President Obama (note he's not very worried, think about it) has just pointed out, they are using this false flag to move forward with the Carbon Tax, followed by Cap, and Trade. Another aspect of profit is the clean up of this disaster; those boats aren't running around for free in the Gulf. From there, is the very real aspect of banks calling their notes on the remaining mortgaged properties along the Gulf, and peninsula of Florida. Remember Katrina? They never gave the land back, but sold it to casinos, and other businesses. Almost all beach front property will end up in the hands of the banks, and government. They'll play this disaster off for a few years, and explain the mysterious disappearance of oil on kindness from mother nature.
The side effects of this scam are negligible; in the eyes of the perpetrators, they've done nature a favor. They've opened up an asphalt volcano from the side, and will shut it down in the next few months by equalizing the pressure. The equalization of pressure will come by way of the two relief wells; which are not wells, but vents. when they do this, I have no clue what excuse they'll use, but the current gusher will stop. I said stop, it will not slow down, but literally stop. Remember, all they have done is aided nature in something that is a very common, and naturally occurring event at the bottom of the Gulf of Mexico.
That's about all I have to say. I will pop in to answer any if at all questions. The reason I came forward with this information is that I myself was worried about the level of this event. Honestly, knowing the reasoning of what, why, and how has given me peace. Anyone who has family anywhere near where they are spraying these chemicals need to alert their family to leave; they are the target of this false flag. To anyone who finds credence, or a shred of truth in what I've written, please pass this on; as we all are the target on the grand scale. The target by way of the coming carbon tax, cap, and trade.
Forebiddenknowledge
Jun 20, 2010
http://shtf411.com/bp-illusion-of-a-false-spill-t7065.html
The 'disaster' in the Gulf of Mexico is beyond a false flag; it's an illusion. What I'm about to reveal will more than likely go by the wayside, and the charade will continue. The reason for writing this is not for attention, games, or folly, but to expose the biggest scam in the 21st century, and to relieve some aching hearts. There is no need for fear as this is a staged event.
The Government, corporations, and the people behind them have pulled out all the stops to insure the truth doesn't come out. They are the reason why the beaches have private security contractors, insuring no one is able to gain access to the oil on shore. They are the reason the Gulf of Mexico is a no fly zone. They are the reason why the gulf states are being locked down by military. They are the reason why the well head you see is different in many videos that BP releases. Without this measure of control the illusion would fail.
The large oil spills washing up on the shores are not from BP Deep Horizon. They are indeed from surrounding wells, that were already leaking by design. These wells can be verified through a simple online search. You'll notice that much of the oil is actually in the form of tar. Usually tar balls; sizes of these have reached 2000+ pounds.
From the start, BP, Haliburton, and co-conspirators knew where they were drilling. Using specific equipment, such as the German ship RV Sonne, they had detailed maps of the ocean bottom. The ship, and a specific college study from 2005, in the Gulf of Mexico, are your starting points to what's really happening in the gulf. Here's a link to what the study synopses
http://geology.about.com/cs/volcanology/a/aa051604a.htm
What BP, Haliburton, and other co-conspirators intentionally drilled into was an Asphalt Volcano. Sounds scary doesn't it? It really is not. In fact, after you read the above link you'll know that the Gulf of Mexico is literally coated in oil, tar, and methane hydrate at the bottom. The study went on to find that massive aquatic life has specifically adapted to living off of the hydrocarbons. That in fact these asphalt volcanoes are a natural part of the ocean ecology, and their eruptions actually benefit the sea life over the long duration of time.
Another aspect to what I was directly told is that BP, Haliburton, and other co-conspirators drilled intentionally into the 'mid side' of this particular asphalt volcano. Basically from what I understand, it is a soda bottle effect. If they had drilled into the top of the volcano, then all the gas would rise out, and explode as would bottled carbonated liquid. The effect of drilling into the side permits a safely controlled release of gas, tar, liquified asphalt, and other related gases. What was done is a more or less controlled release; almost natural in fact!
The Asphalt volcano was a win win situation for this false flag: as it presented the best illusion to all outside parties. Not only do the conspirators need to fool the general public, but also the oil industry, and scientific community. The public is easy to fool, but the latter two groups take a little more effort; this is the main reason why the Gulf is being isolated by security contractors, and military. Anyone well versed on this giant debacle in the Gulf knows that it is surrounded with stories, and claims of negligence. This was the first purposeful aspect to make the story seem credible to all outside parties; as the story is more easily believed, when it is chalked up to human error, or incompetence.
Besides using inferior, shotty, or flat out negligent craftsmanship, as the well was intended to fail from the onset, the conspirators knew that the pressure produced from the volcano would blow out even better equipment. This was the second mechanism to fool other industry experts. All experts, and scientific communities only know what they are told, and that is the well tapped into a large high pressure hydrocarbon pocket. To even a trained eye, what they are being told appears to be a massive oil gusher, when in fact it's a controlled event.
In watching the videos, or live feeds looks horrible, and very ominous, but upon closer examination the tell tale signs of what it really is shows through, what you are actually viewing is a man made(well bore) large "Black Smoker". You should take note, as the evidence has built, the live feed appears to have been tampered with. I suspect it is because of the video below. The man narrating the video has it correct, it is a volcano! But those aren't flames. From the link provided above, they are a combination of gases; specifically Sulfur, and Iron are what create the flame effect. Since the airing of that video, several of the live feeds have been proven to be tampered footage, or faked.
http://www.youtube.com/watch?v=en9CoYb0OHs
You need to realize that an illusion is only as good as it's weakest link. All scientific evidence on paper coming from the government, and corporations is being fudged. In the case of this staged, and controlled event that weak link is the oil, or more specifically the tangible tar that can be collected. As I mentioned much of the oil that has been seen, or noticed is tar rather than heavy crude oil. Out at sea closest to the Deep Horizon site, "shrimpers" have been hired to boom the oil/tar together, and set it ablaze. There are several huge fires right now out in the Gulf. The reason is for this is to hide the evidence. The distinct asphalt volcano tar, is actually coated with naturally produced oil eating microbes, and other natural safe guards produced by Mother Earth; these types of organisms are not present in a regular oil well, but commonly in the Asphalt Volcanoes, and large tar flows at the bottom of the Gulf of Mexico.
To continue with why the asphalt volcano was a win win to drill into, is the heaviness of the tar. Read the linked article provided above, the tar will cling to lighter oil, and fall to the bottom of the Gulf at some point, near in the future. Also, the microbes, and other organisms that naturally occur from this will multiply. They will not only eat the tar, but the other control released oil that they are pumping into the Gulf.
We've all seen the videos of beaches not lined so much with oil, but with tar balls of varying sizes. Also, we've all noticed BP's overall lack of concern for cleanup. We've seen booms which aren't tied together. We've heard first hand account of staged clean ups on the beaches. As soon as a press conference, or media event is done BP stops work. The reason is simple, it's not that they don't care, but that they already know what's gonna happen. The oil will start naturally being cleaned up via decomposition, oil eating organisms, and falling to the already naturally tar covered bottom of the Gulf of Mexico.
What's the benefit of this scam? MONEY, and population control. Read this article
http://theintelhub.com/2010/06/18/gulf-spill-disaster-or-a-well-organized-plan/
If you're still reading this article, and even beginning to grasp the sinister nature of the fraud being perpetrated, then you'll realize that the corexit9500, and other dispersant's are not needed. They are purposely being sprayed by Evergreen Air/CIA to cull the population along the Gulf Coast.
Also, explained to me, is the large amount of useless eaters, pond scum, or undesirables living along the gulf coast. These would be the Americans living off of the government. I will not beat around the bush with pleasantries, or politically correct statements here. This coastal area from Texas to Florida has the highest, or most dense population of targets of illimination by the US Govt., and corporations. These are the populations living on welfare(in this area dominated by African Americans), and the older population living on Social Security(mainly Florida). These people are going to start dropping like flies over the next few years, and greatly reduce the burden to government coffers.
In this respect this is a doomsday event, but it's not the end of the food chain, death of the oceans, or as some have warned an extinction level event. It's only bad for the targeted populations.
To cover the money aspects of this fraudulent event, are somewhat self evident. Primarily, as President Obama (note he's not very worried, think about it) has just pointed out, they are using this false flag to move forward with the Carbon Tax, followed by Cap, and Trade. Another aspect of profit is the clean up of this disaster; those boats aren't running around for free in the Gulf. From there, is the very real aspect of banks calling their notes on the remaining mortgaged properties along the Gulf, and peninsula of Florida. Remember Katrina? They never gave the land back, but sold it to casinos, and other businesses. Almost all beach front property will end up in the hands of the banks, and government. They'll play this disaster off for a few years, and explain the mysterious disappearance of oil on kindness from mother nature.
The side effects of this scam are negligible; in the eyes of the perpetrators, they've done nature a favor. They've opened up an asphalt volcano from the side, and will shut it down in the next few months by equalizing the pressure. The equalization of pressure will come by way of the two relief wells; which are not wells, but vents. when they do this, I have no clue what excuse they'll use, but the current gusher will stop. I said stop, it will not slow down, but literally stop. Remember, all they have done is aided nature in something that is a very common, and naturally occurring event at the bottom of the Gulf of Mexico.
That's about all I have to say. I will pop in to answer any if at all questions. The reason I came forward with this information is that I myself was worried about the level of this event. Honestly, knowing the reasoning of what, why, and how has given me peace. Anyone who has family anywhere near where they are spraying these chemicals need to alert their family to leave; they are the target of this false flag. To anyone who finds credence, or a shred of truth in what I've written, please pass this on; as we all are the target on the grand scale. The target by way of the coming carbon tax, cap, and trade.
Thursday, June 17, 2010
Is It Raining Oil in Florida? This Is Just The Beginning
Is It Raining Oil in Florida? This Is Just The Beginning - Breaking News!!!
clk211bu
May 30, 2010
http://www.youtube.com/watch?v=7Evqr855igU
It's Raining Oil - Toxic Oil Spill Rains Warned Could Destroy North America Breaking News!
Reports coming in it's raining oil in parts of Florida and Texas. Think it's not possible? Look at what happened in The Jaipur Oil Depot Fire in 2009. The After-Effects brought black rains in villages and withered farmers' crops.
We're in trouble folks! Humanity, have you had enough of your masters? Keep watching humanity as your world crashes all around you with black rains falling.. We designed and agreed on the current Money System as well as the Political System, the Education System, etc.
Upon realizing the systems are not working - crashing on all levels all around us ...We Stand up in Agreement and Stop all Current Systems beginning with the Current Money system, and we redesign it within an Equal Money System where all receive Equal Money from birth till death so that all can provide for themselves with food, water, and a place to live.
We begin from this point and move ourselves forward in Self Forgiveness and Self Honesty. Stand Up - Support an Equal Money System - Apply self forgiveness and self honesty in seeing your world, then
Stand Up and declare we STOP!
http://www.sott.net/articles/show/209378-Is-It-Raining-Oil-In-Florida-This-Is-Just-The-Beginning
http://retro.f2bbs.com/bbs/show_topic/243662/2
http://www.eutimes.net/2010/05/toxic-oil-spill-rains-warned-could-destroy-north-america/
clk211bu
May 30, 2010
http://www.youtube.com/watch?v=7Evqr855igU
It's Raining Oil - Toxic Oil Spill Rains Warned Could Destroy North America Breaking News!
Reports coming in it's raining oil in parts of Florida and Texas. Think it's not possible? Look at what happened in The Jaipur Oil Depot Fire in 2009. The After-Effects brought black rains in villages and withered farmers' crops.
We're in trouble folks! Humanity, have you had enough of your masters? Keep watching humanity as your world crashes all around you with black rains falling.. We designed and agreed on the current Money System as well as the Political System, the Education System, etc.
Upon realizing the systems are not working - crashing on all levels all around us ...We Stand up in Agreement and Stop all Current Systems beginning with the Current Money system, and we redesign it within an Equal Money System where all receive Equal Money from birth till death so that all can provide for themselves with food, water, and a place to live.
We begin from this point and move ourselves forward in Self Forgiveness and Self Honesty. Stand Up - Support an Equal Money System - Apply self forgiveness and self honesty in seeing your world, then
Stand Up and declare we STOP!
http://www.sott.net/articles/show/209378-Is-It-Raining-Oil-In-Florida-This-Is-Just-The-Beginning
http://retro.f2bbs.com/bbs/show_topic/243662/2
http://www.eutimes.net/2010/05/toxic-oil-spill-rains-warned-could-destroy-north-america/
Sunday, June 13, 2010
Has BP Summoned the Fires of Hell?
Has BP Summoned the Fires of Hell?
Rick Ackerman
June 13, 2010
http://www.rickackerman.com/2010/06/has-bp-tapped-the-fires-of-hell/
We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, the Dow Industrials would plummet 6000 points in mere days. And the news has been grave, indeed. America’s wholly imagined economic recovery died for good on Friday with the release of shocking retail figures for May. Household incomes have been falling, consumer credit imploding, M3 plummeting, and now it turns out that corporations have allowed $1.8 trillion to sit idle in low-yielding bank accounts, hastening the economy’s deflationary collapse and the onset of a Second Great Depression. We face the impossible task of getting out from beneath $130 Trillion of debt and liabilities amassed by government at all levels. The nation is adrift under a weak president whose radical politics have sharply divided the voters. Iran and Turkey (a NATO member!) have declared war on Israel, sending warships to run the Gaza blockade. Europe’s financial house of cards is within months, or even weeks, of total collapse. The jihadists may be turning the tide against U.S. and British forces in Afghanistan.
Unfortunately the list does not end there. For in fact, there is one crisis that greatly overshadows all of them: the seabed irruption in the Gulf of Mexico. We won’t even pretend any longer that there is a market “angle” to this story. In fact, the markets are a side show, and politics a droll burlesque, in comparison to the geophysical dreadnought taking shape in the Gulf. Because it could eventually threaten all life on this planet, there may be no “investable issues” here.
Seabed Fissures
The problem is no longer a leak or a spill, you see, but a volcanic gusher – one that appears to be defeating the efforts of the most capable petroleum engineers in the world. More and more, it is looking like a sci-fi disaster film with no hero and an unhappy ending. Even our supposed best hope for containing the gusher – a second well that would intersect and plug the leak by sometime in August – may be doomed to failure, since the well casing itself may be too damaged to seal off. Read about this by clicking here. But the scariest story currently making the rounds is that there are fissures springing up all over the seabed, and that if the weak bedrock that holds the oil gives way, it will release a quantity of hydrocarbons greater in volume than the Gulf itself. Click here for that story.
Whenever we’ve tried to predict the “black swan” event that might eventually send the U.S. and global economies into deepest coma, we believed in our heart that, no matter what happened, everything would turn out all right. The real estate market might collapse, taking our standard of living with it, but Americans would somehow get through hard times together and emerge better and stronger for it. Even the prospect of a nuclear conflagration in the Middle East implied a beginning and an end — a radioactive half-life, as it were.
Human Error
Who could have imagined that there was an even bigger disaster lurking — or that mere human error could trigger a cataclysm of seismological proportions? Or will it be of Biblical proportions, with rivers and seas turned into wormwood? Has BP tapped, not an oil well, but a hole into volcanic Hell? While these questions are almost too frightening to contemplate, the answers may be staring us in the face within months or even weeks. For the moment, though, it has become difficult to sort out fact from fiction. Are clean-up workers getting sick from toxic hydrogen sulfide fumes? Is the Obama administration covering up the true magnitude of the crisis to avoid a panic? Why are nearly all of the satellite photos of the spill on the Web a month old? Can BP really handle a crisis whose costs may soon mount into the trillions? Is the problem even solvable?
Rick Ackerman
June 13, 2010
http://www.rickackerman.com/2010/06/has-bp-tapped-the-fires-of-hell/
We’ve railed at traders and speculators recently for their arrogant and sometimes breathtaking stupidity in failing to discount an onslaught of world-shattering news. If the dolts, rubes, bozos and mountebanks who have kept stocks afloat even remotely understood what has been going on in this world, we wrote here recently, the Dow Industrials would plummet 6000 points in mere days. And the news has been grave, indeed. America’s wholly imagined economic recovery died for good on Friday with the release of shocking retail figures for May. Household incomes have been falling, consumer credit imploding, M3 plummeting, and now it turns out that corporations have allowed $1.8 trillion to sit idle in low-yielding bank accounts, hastening the economy’s deflationary collapse and the onset of a Second Great Depression. We face the impossible task of getting out from beneath $130 Trillion of debt and liabilities amassed by government at all levels. The nation is adrift under a weak president whose radical politics have sharply divided the voters. Iran and Turkey (a NATO member!) have declared war on Israel, sending warships to run the Gaza blockade. Europe’s financial house of cards is within months, or even weeks, of total collapse. The jihadists may be turning the tide against U.S. and British forces in Afghanistan.
Unfortunately the list does not end there. For in fact, there is one crisis that greatly overshadows all of them: the seabed irruption in the Gulf of Mexico. We won’t even pretend any longer that there is a market “angle” to this story. In fact, the markets are a side show, and politics a droll burlesque, in comparison to the geophysical dreadnought taking shape in the Gulf. Because it could eventually threaten all life on this planet, there may be no “investable issues” here.
Seabed Fissures
The problem is no longer a leak or a spill, you see, but a volcanic gusher – one that appears to be defeating the efforts of the most capable petroleum engineers in the world. More and more, it is looking like a sci-fi disaster film with no hero and an unhappy ending. Even our supposed best hope for containing the gusher – a second well that would intersect and plug the leak by sometime in August – may be doomed to failure, since the well casing itself may be too damaged to seal off. Read about this by clicking here. But the scariest story currently making the rounds is that there are fissures springing up all over the seabed, and that if the weak bedrock that holds the oil gives way, it will release a quantity of hydrocarbons greater in volume than the Gulf itself. Click here for that story.
Whenever we’ve tried to predict the “black swan” event that might eventually send the U.S. and global economies into deepest coma, we believed in our heart that, no matter what happened, everything would turn out all right. The real estate market might collapse, taking our standard of living with it, but Americans would somehow get through hard times together and emerge better and stronger for it. Even the prospect of a nuclear conflagration in the Middle East implied a beginning and an end — a radioactive half-life, as it were.
Human Error
Who could have imagined that there was an even bigger disaster lurking — or that mere human error could trigger a cataclysm of seismological proportions? Or will it be of Biblical proportions, with rivers and seas turned into wormwood? Has BP tapped, not an oil well, but a hole into volcanic Hell? While these questions are almost too frightening to contemplate, the answers may be staring us in the face within months or even weeks. For the moment, though, it has become difficult to sort out fact from fiction. Are clean-up workers getting sick from toxic hydrogen sulfide fumes? Is the Obama administration covering up the true magnitude of the crisis to avoid a panic? Why are nearly all of the satellite photos of the spill on the Web a month old? Can BP really handle a crisis whose costs may soon mount into the trillions? Is the problem even solvable?
Monday, May 31, 2010
How Washington is Destroying the American Dream from A to Z
National Suicide : How Washington is Destroying the American Dream from A to Z
Jim Puplava
Martin L. Gross
May 22, 2010
http://www.youtube.com/watch?v=BqQ_VtfQx2U
Jim Puplava talks to Martin L. Gross about his books National Suicide : How Washington Is Destroying the American Dream from A to Z and The Government Racket : Washington Waste A to Z
Jim Puplava
Martin L. Gross
May 22, 2010
http://www.youtube.com/watch?v=BqQ_VtfQx2U
Jim Puplava talks to Martin L. Gross about his books National Suicide : How Washington Is Destroying the American Dream from A to Z and The Government Racket : Washington Waste A to Z
Tuesday, May 11, 2010
It's Going To Implode: Buy Physical Gold - NOW
It's Going To Implode: Buy Physical Gold - NOW
Gordon Gekko
March 11, 2010
http://gordongekkosblog.blogspot.com/2010/03/its-going-to-implode-buy-physical-gold.html
Any unbiased observer who knows how to put two and two together will be able to tell that something very fishy is going on. The urgency with which trillions in debt is being shoved down the market's throat at the worst possible time for the US Economy has the distinct smell of the government trying to extract every last bit of money from those stupid enough to buy the bonds before it all blows up. Rest assured, a huge chunk of this money is being funneled to the insiders who are most likely covertly using it up to buy real assets for themselves while keeping the crowds distracted with the stock market circus.
The bond market is the backbone of the US Ponzi Finance system. When it goes – and the day is not far in my opinion - the whole enchilada will come crashing down. Any type of financial asset that has a counterparty – which is pretty much all the paper assets in the world – bonds, futures, any and all derivatives and yes, even the paper currency – will crash. What will they crash against? Yes, that’s right - Gold. All the world’s capital – trillions, perhaps quadrillions of it - will come rushing into the very tiny physical (NOT paper) Gold market. Remember, the world’s real physical capital – real assets such as land, oil-refineries, mines, infrastructure, etc. will not vanish, only it will be re-priced in terms of Gold and its ownership transferred to those who hold it. Since everything stays on this planet, it is a zero-sum game and the winner will be Gold. In other words, an ounce of physical Gold will command a lot more in real purchasing power than it does today. Just like a national currency is a claim on goods and assets within that country, Gold will be a claim on global goods and assets worldwide.
Paper Gold Will FAIL
Today what you think of the price of Gold is nothing but the price of paper Gold. "What is the difference between the two? We are still getting the metal at the price we see on the COMEX, are we not?", you may ask. Sure, but the key word is still. Even today you have to pay "premium" to the futures price to get physical ranging from about $50 for some coins to about $10 for bars. When it all blows, these “premiums” will skyrocket and the price of physical WILL decouple from the official paper price (this is what the guys at EverBank are scared s--tless about), as we already witnessed in 2008 – and this is the good scenario. Indeed, we may have a situation where there is no physical available at any paper price.
1. The GLD ETF
The problems with the GLD ETF are too numerous to enlist here but why bother when they have already mentioned 'em all in their prospectus! It is simply another Wall Street scam designed to rip off the retail investor and rest assured, when the SHTF, you will be the last in line since the insiders need somebody to hold the bag in order for them to get bailed out. YOU will be the one left holding the bag. Unless you have a direct line to Ben Bernanke, I suggest you get the hell out of any paper ETF’s such as GLD, SLV, etc. Remember AIG? It’s all good until it isn’t.
2. The Gold Futures Market
The futures market is nothing but a tool for the dollar managers (US Government/Fed/Bullion banks) to manage/control the price of Gold. Any rational observer with an iota of brain who has watched the gold market for any reasonable length of time can tell that the price is intentionally driven down during the Comex trading hours. If you don’t believe this, either you’re in denial or worse – collusion - and IT WILL end up costing you big time. Given the massive, concentrated and long-term (the entire past decade - they haven't been net-long - not once - during that time period) nature of their short positions, it really isn’t that hard to deduce that the banks do not nearly have enough metal to cover their shorts and that the sole intention of the massive short position is to control the price. Whenever the price rises (or threatens to rise) the big bullion banks ala JP Morgan create massive naked shorts introducing fake supply of Gold in the market, thus driving the price down. “But the price has been rising for the past decade, hasn’t it? So how can you say they are driving it down?”, many people ask. Well, the constraint on the bullion banks has been the availability of the physical metal. If the metal is not available, the fraud of the paper market is exposed and they lose their price managing ability. So they allow the price rise to a level at which there are some weak hands willing to sell and then they hold it there till all the sellers have been exhausted (I am assuming the Fed has already sold all the US Gold during the past decade). So strong are Gold’s fundamentals that despite the massive rigging, all they have been able to do is slow its rise. The weak hands who sell the physical metal at every price rise have helped them in this endeavor. But soon, as the bond market implodes, they will run out of sellers. Treat the availability of real metal at today's paper price a gift and buy as much as you can.
To those who think that the Comex shorts will be crushed one day and the price of paper Gold will do a moonshot, to them I will say that you are dreaming. The Comex shorts will be crushed, but not in their own casino! If and when a majority of paper Gold longs demand delivery a force majure (who do you think the US Government will side with?) will be declared with cash settlements and/or offers of equally worthless GLD shares (don’t tell me you didn’t know about this). By some accounts, this is already happening. What will happen to the paper price then? That’s right – it will utterly collapse even as the physical’s price is rocketing. Paper gold holders will dump it all to buy the physical – which, unfortunately – will most likely not be available at all. Yes, yours truly has been trading the paper [Gold] markets himself, but only with the objective of converting the paper profits onto the metal. Having said that, in light of the sum total of the recent developments mentioned in this update I think it is too risky to be trading right now and one should just sit 100% in physical Gold and some currency for day-to-day needs.
Additionally, there is increasing evidence that the Europeans have withdrawn support from Wall Street’s paper Gold market (COMEX and the LBMA, which also operates on a fractional reserve basis as documented here) and are in favor of setting up a physical only Gold market (this is quite a long story - for details, I suggest you go through FOFOA’s blog). Jim Willie had this to say in a recent piece (he’s been accurate on many things so far, so I at least pay attention when he has something to say):
Fast approaching is the event of GAME OVER for London, a condition that has already reached critical level, according to a key reliable source of information with London connections and direct experience with its market events. How long can a major metals exchange sell contracts but have miniscule supply of gold in their vaulted possession? The paper gold market and the physical gold bullion market have finally separated in a practical manner, meaning actual gold has almost no role anymore in London paper contract settlement. The absence of gold in London requires extraordinary tactics to settle contracts and to obtain gold bullion. Red tape procedures delay delivery for individuals, and bribes accompany gold delivery demands as standard practice. The London Bullion Market Assn has almost zero gold, its supply having been drained in high volumes since early December, a process currently in acceleration. The opportunity to convert fiat money into precious metal at prices considered reasonable is also vanishing. The London gold banker said,
"There is going on a lot more than meets the eye. The physical system is actually consolidating bigtime and is organizing itself with lightning speed, totally hidden from pretty much anyone, even the so-called insiders. The paper precious metal market and the physical precious metal market have defacto disconnected. The paper and physical gold markets currently operate in parallel universes. The outflow of physical metal from bank vaults is happening at a mind bending pace."
Wall Street and the US Dollar are being increasingly marginalized at the global level with China having instructed its companies to renege on Wall Street’s derivative contracts last year; Russia, Middle-East and China setting up their regional currency blocs; Germany calling for an end to the CDS casino and the recent exclusion of Wall Street banks from European Government bond market. For obvious reasons, none of this is getting much play in the lapdog US media.
Physical Gold in your personal possession is the only thing that will survive the coming financial Armageddon. What we are witnessing right now is nothing but the calm before the storm. Keen observers are hearing rumblings beneath the ground signaling an imminent volcanic eruption. Once it blows it will be too late to take action. Trading paper markets for paper gains is like picking up pennies in front of the steamroller. It’s time to stop trading and just buy the physical metal. The window of opportunity to convert your casino chips (fiat money) into real money, i.e. Gold, is getting smaller by the hour. He who panics first, panics best.
GET. GOLD. NOW.
Gordon Gekko
March 11, 2010
http://gordongekkosblog.blogspot.com/2010/03/its-going-to-implode-buy-physical-gold.html
Any unbiased observer who knows how to put two and two together will be able to tell that something very fishy is going on. The urgency with which trillions in debt is being shoved down the market's throat at the worst possible time for the US Economy has the distinct smell of the government trying to extract every last bit of money from those stupid enough to buy the bonds before it all blows up. Rest assured, a huge chunk of this money is being funneled to the insiders who are most likely covertly using it up to buy real assets for themselves while keeping the crowds distracted with the stock market circus.
The bond market is the backbone of the US Ponzi Finance system. When it goes – and the day is not far in my opinion - the whole enchilada will come crashing down. Any type of financial asset that has a counterparty – which is pretty much all the paper assets in the world – bonds, futures, any and all derivatives and yes, even the paper currency – will crash. What will they crash against? Yes, that’s right - Gold. All the world’s capital – trillions, perhaps quadrillions of it - will come rushing into the very tiny physical (NOT paper) Gold market. Remember, the world’s real physical capital – real assets such as land, oil-refineries, mines, infrastructure, etc. will not vanish, only it will be re-priced in terms of Gold and its ownership transferred to those who hold it. Since everything stays on this planet, it is a zero-sum game and the winner will be Gold. In other words, an ounce of physical Gold will command a lot more in real purchasing power than it does today. Just like a national currency is a claim on goods and assets within that country, Gold will be a claim on global goods and assets worldwide.
Paper Gold Will FAIL
Today what you think of the price of Gold is nothing but the price of paper Gold. "What is the difference between the two? We are still getting the metal at the price we see on the COMEX, are we not?", you may ask. Sure, but the key word is still. Even today you have to pay "premium" to the futures price to get physical ranging from about $50 for some coins to about $10 for bars. When it all blows, these “premiums” will skyrocket and the price of physical WILL decouple from the official paper price (this is what the guys at EverBank are scared s--tless about), as we already witnessed in 2008 – and this is the good scenario. Indeed, we may have a situation where there is no physical available at any paper price.
1. The GLD ETF
The problems with the GLD ETF are too numerous to enlist here but why bother when they have already mentioned 'em all in their prospectus! It is simply another Wall Street scam designed to rip off the retail investor and rest assured, when the SHTF, you will be the last in line since the insiders need somebody to hold the bag in order for them to get bailed out. YOU will be the one left holding the bag. Unless you have a direct line to Ben Bernanke, I suggest you get the hell out of any paper ETF’s such as GLD, SLV, etc. Remember AIG? It’s all good until it isn’t.
2. The Gold Futures Market
The futures market is nothing but a tool for the dollar managers (US Government/Fed/Bullion banks) to manage/control the price of Gold. Any rational observer with an iota of brain who has watched the gold market for any reasonable length of time can tell that the price is intentionally driven down during the Comex trading hours. If you don’t believe this, either you’re in denial or worse – collusion - and IT WILL end up costing you big time. Given the massive, concentrated and long-term (the entire past decade - they haven't been net-long - not once - during that time period) nature of their short positions, it really isn’t that hard to deduce that the banks do not nearly have enough metal to cover their shorts and that the sole intention of the massive short position is to control the price. Whenever the price rises (or threatens to rise) the big bullion banks ala JP Morgan create massive naked shorts introducing fake supply of Gold in the market, thus driving the price down. “But the price has been rising for the past decade, hasn’t it? So how can you say they are driving it down?”, many people ask. Well, the constraint on the bullion banks has been the availability of the physical metal. If the metal is not available, the fraud of the paper market is exposed and they lose their price managing ability. So they allow the price rise to a level at which there are some weak hands willing to sell and then they hold it there till all the sellers have been exhausted (I am assuming the Fed has already sold all the US Gold during the past decade). So strong are Gold’s fundamentals that despite the massive rigging, all they have been able to do is slow its rise. The weak hands who sell the physical metal at every price rise have helped them in this endeavor. But soon, as the bond market implodes, they will run out of sellers. Treat the availability of real metal at today's paper price a gift and buy as much as you can.
To those who think that the Comex shorts will be crushed one day and the price of paper Gold will do a moonshot, to them I will say that you are dreaming. The Comex shorts will be crushed, but not in their own casino! If and when a majority of paper Gold longs demand delivery a force majure (who do you think the US Government will side with?) will be declared with cash settlements and/or offers of equally worthless GLD shares (don’t tell me you didn’t know about this). By some accounts, this is already happening. What will happen to the paper price then? That’s right – it will utterly collapse even as the physical’s price is rocketing. Paper gold holders will dump it all to buy the physical – which, unfortunately – will most likely not be available at all. Yes, yours truly has been trading the paper [Gold] markets himself, but only with the objective of converting the paper profits onto the metal. Having said that, in light of the sum total of the recent developments mentioned in this update I think it is too risky to be trading right now and one should just sit 100% in physical Gold and some currency for day-to-day needs.
Additionally, there is increasing evidence that the Europeans have withdrawn support from Wall Street’s paper Gold market (COMEX and the LBMA, which also operates on a fractional reserve basis as documented here) and are in favor of setting up a physical only Gold market (this is quite a long story - for details, I suggest you go through FOFOA’s blog). Jim Willie had this to say in a recent piece (he’s been accurate on many things so far, so I at least pay attention when he has something to say):
Fast approaching is the event of GAME OVER for London, a condition that has already reached critical level, according to a key reliable source of information with London connections and direct experience with its market events. How long can a major metals exchange sell contracts but have miniscule supply of gold in their vaulted possession? The paper gold market and the physical gold bullion market have finally separated in a practical manner, meaning actual gold has almost no role anymore in London paper contract settlement. The absence of gold in London requires extraordinary tactics to settle contracts and to obtain gold bullion. Red tape procedures delay delivery for individuals, and bribes accompany gold delivery demands as standard practice. The London Bullion Market Assn has almost zero gold, its supply having been drained in high volumes since early December, a process currently in acceleration. The opportunity to convert fiat money into precious metal at prices considered reasonable is also vanishing. The London gold banker said,
"There is going on a lot more than meets the eye. The physical system is actually consolidating bigtime and is organizing itself with lightning speed, totally hidden from pretty much anyone, even the so-called insiders. The paper precious metal market and the physical precious metal market have defacto disconnected. The paper and physical gold markets currently operate in parallel universes. The outflow of physical metal from bank vaults is happening at a mind bending pace."
Wall Street and the US Dollar are being increasingly marginalized at the global level with China having instructed its companies to renege on Wall Street’s derivative contracts last year; Russia, Middle-East and China setting up their regional currency blocs; Germany calling for an end to the CDS casino and the recent exclusion of Wall Street banks from European Government bond market. For obvious reasons, none of this is getting much play in the lapdog US media.
Physical Gold in your personal possession is the only thing that will survive the coming financial Armageddon. What we are witnessing right now is nothing but the calm before the storm. Keen observers are hearing rumblings beneath the ground signaling an imminent volcanic eruption. Once it blows it will be too late to take action. Trading paper markets for paper gains is like picking up pennies in front of the steamroller. It’s time to stop trading and just buy the physical metal. The window of opportunity to convert your casino chips (fiat money) into real money, i.e. Gold, is getting smaller by the hour. He who panics first, panics best.
GET. GOLD. NOW.
Friday, April 30, 2010
Update on America's Second Great Depression
Update on America's Second Great Depression (Part 1)
Mike Stathis
April 25, 2010
http://www.avaresearch.com/article_details-519.html
Washington, Wall Street and their partners in crime, the media, have continued to spread the myths of an economic recovery since late summer 2009.
In response to the propaganda, the stock market has continued to rally. But most individual investors have been left out of this tremendous rally.
Yet, the economic data paints a different picture than the media presents. Make no mistake, we are seeing the early stages of what will written in history books as America’s Second Great Depression, just as I predicted in America’s Financial Apocalypse (2006).
Who are you going to trust? The media and their government hacks who have been wrong over and over, or someone who has been right about virtually everything over the past five years?
Who are you going to trust, people with clear political and financial agendas, or someone with neither?
At best, the U.S. will continue to experience economic malaise for well over a decade. As the nation progresses through this treacherous period, any of the small improvements will be offset by longer-term issues that are virtually impossible to overcome.
(1) Most of the 80 million baby boomers will never be able to fully retire. They did not have adequate retirement savings even before the economic collapse. Now they are in much worse shape. As a result, they will not only pull out of the stock market much faster as a means to survive, but they will be dead consumers.
(2) Most states will continue to struggle with budget gaps for many years. This will lead to even more cuts to vital programs.
(3) The entitlement tsunami will engulf Washington’s budget, causing a sustained period of massive deficits. This will be addressed by further cuts to benefits and premium hikes to Medicare and Medicaid.
(4) The massive national debt will continue to threat the solvency of the U.S. This will lead to a long period of high interest rates even after the approaching interest rate surge, expected to mount within a couple of years.
For a variety of reasons, the climb back up to the previous highs reached in 2006 will take at least another ten years, as stated previously. Furthermore, as more foreclosures hit the market, prices will plunge, erasing any gains made.
Accordingly to government data, the number of unemployed Americans stands at around 16 million, with the U-6 population of unemployed and underemployed at nearly 26 million. My own estimates for U-3 and U-6 are 18 million and 32 million respectively.
The problem with being out of work for an extended period (besides the immediate financial problems it creates), is that the longer one remains out of work, the higher chance that they will have to change careers.
And it’s not likely that a career-change will lead to the same wages as the person earned in their previous career since they are starting fresh. That’s the big problem with the unemployment picture that no one seems to get. What does this mean? It simply adds more fuel to America’s long period of declining living standards.
Even assuming the more optimistic GDP estimate for a 5-year period, the U.S. economy would need to grow by about 5% annually for the remaining 5 years in order to bring unemployment down to around the “fully employed” level of around 5.0%.
GDP growth really doesn’t matter unless you adjust for debt-spending. The U.S. could grow by 5% for five years if Washington borrowed tens of trillions of dollars to pump into the economy. What is needed is real growth, not debt-fueled growth. Without real growth, you have an illusion, just like the growth after the dotcom bubble burst.
Previously, I discussed the fact that there would be no real recovery for most Americans.
The fact is, the results will be the same regardless who is in office because America no longer has a real democratic process. The key decisions are made by a group of individuals you rarely hear about. The president merely serves as the puppet. This has been going on for many years.
This dynamic isn’t going to change without a drastic movement from the masses. But this is unlikely to occur since most Americans have been brainwashed by a media industry controlled by corporations and political interests.
As you can imagine, the decline in sales, income, property and other tax revenues has also hit cities and states very hard. This has resulted in budget deficits for most cities and all but two states.
Has running the currency printing presses in overdrive and accumulating record levels of federal debt been worth the results?
Absolutely not.
Over 40 million Americans are on food stamps, or more than 13% of Americans. This is the highest rate on record, going back 50 years.
Why don't you start with the guys in the media club who have positioned as experts, like Faber, Schiff, Shiller, Prechter and so on. They don't come close.
Once you have convinced yourself of my track record, you need to ask why the media continues to ban me.
Allow me to cut to the chase. The financial media works for Wall Street. Wall Street buys the ads and commercial, so the last thing the media wants is to provide you with credible experts with good track records. Instead, they interview extremists with terrible track record, offering no specific guidance. This is the way it works. If you don't see this by now, you are forever doomed.
Mike Stathis
April 25, 2010
http://www.avaresearch.com/article_details-519.html
Washington, Wall Street and their partners in crime, the media, have continued to spread the myths of an economic recovery since late summer 2009.
In response to the propaganda, the stock market has continued to rally. But most individual investors have been left out of this tremendous rally.
Yet, the economic data paints a different picture than the media presents. Make no mistake, we are seeing the early stages of what will written in history books as America’s Second Great Depression, just as I predicted in America’s Financial Apocalypse (2006).
Who are you going to trust? The media and their government hacks who have been wrong over and over, or someone who has been right about virtually everything over the past five years?
Who are you going to trust, people with clear political and financial agendas, or someone with neither?
At best, the U.S. will continue to experience economic malaise for well over a decade. As the nation progresses through this treacherous period, any of the small improvements will be offset by longer-term issues that are virtually impossible to overcome.
(1) Most of the 80 million baby boomers will never be able to fully retire. They did not have adequate retirement savings even before the economic collapse. Now they are in much worse shape. As a result, they will not only pull out of the stock market much faster as a means to survive, but they will be dead consumers.
(2) Most states will continue to struggle with budget gaps for many years. This will lead to even more cuts to vital programs.
(3) The entitlement tsunami will engulf Washington’s budget, causing a sustained period of massive deficits. This will be addressed by further cuts to benefits and premium hikes to Medicare and Medicaid.
(4) The massive national debt will continue to threat the solvency of the U.S. This will lead to a long period of high interest rates even after the approaching interest rate surge, expected to mount within a couple of years.
For a variety of reasons, the climb back up to the previous highs reached in 2006 will take at least another ten years, as stated previously. Furthermore, as more foreclosures hit the market, prices will plunge, erasing any gains made.
Accordingly to government data, the number of unemployed Americans stands at around 16 million, with the U-6 population of unemployed and underemployed at nearly 26 million. My own estimates for U-3 and U-6 are 18 million and 32 million respectively.
The problem with being out of work for an extended period (besides the immediate financial problems it creates), is that the longer one remains out of work, the higher chance that they will have to change careers.
And it’s not likely that a career-change will lead to the same wages as the person earned in their previous career since they are starting fresh. That’s the big problem with the unemployment picture that no one seems to get. What does this mean? It simply adds more fuel to America’s long period of declining living standards.
Even assuming the more optimistic GDP estimate for a 5-year period, the U.S. economy would need to grow by about 5% annually for the remaining 5 years in order to bring unemployment down to around the “fully employed” level of around 5.0%.
GDP growth really doesn’t matter unless you adjust for debt-spending. The U.S. could grow by 5% for five years if Washington borrowed tens of trillions of dollars to pump into the economy. What is needed is real growth, not debt-fueled growth. Without real growth, you have an illusion, just like the growth after the dotcom bubble burst.
Previously, I discussed the fact that there would be no real recovery for most Americans.
The fact is, the results will be the same regardless who is in office because America no longer has a real democratic process. The key decisions are made by a group of individuals you rarely hear about. The president merely serves as the puppet. This has been going on for many years.
This dynamic isn’t going to change without a drastic movement from the masses. But this is unlikely to occur since most Americans have been brainwashed by a media industry controlled by corporations and political interests.
As you can imagine, the decline in sales, income, property and other tax revenues has also hit cities and states very hard. This has resulted in budget deficits for most cities and all but two states.
Has running the currency printing presses in overdrive and accumulating record levels of federal debt been worth the results?
Absolutely not.
Over 40 million Americans are on food stamps, or more than 13% of Americans. This is the highest rate on record, going back 50 years.
Why don't you start with the guys in the media club who have positioned as experts, like Faber, Schiff, Shiller, Prechter and so on. They don't come close.
Once you have convinced yourself of my track record, you need to ask why the media continues to ban me.
Allow me to cut to the chase. The financial media works for Wall Street. Wall Street buys the ads and commercial, so the last thing the media wants is to provide you with credible experts with good track records. Instead, they interview extremists with terrible track record, offering no specific guidance. This is the way it works. If you don't see this by now, you are forever doomed.
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