Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1374797 Comments:2390
After losing market share Sany responded by unlocking GPS disablement that are normally included in vendor finance deals and removing the 20% deposit requirement on new machinery .
As China slows,
As China slows, its construction equipment makers have been accelerating production based on the simple idea that long-term survival can be ensured by getting big, fast.
....plan of raising huge bank loans of up to 140 billion yuan (US$22.2 billion) , this seems an extraordinary amount of debt to raise for as yet an unstated purpose.
who with that heavy machinery available built one of those ghost cities you keep hearing about (if you follow this Google map link you can explore the scale of these cities for yourself)
This is economic madness on a scale never before seen in history and it wont end well for anyone."
ALL of the Above is written about extensively in Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and ... after reading Charles MacKay's classic, Memoirs of Extraordinary Delusions ...
mcgowanjm posted on 2012-07-08 9:36:44 ET Reply Trace Private Reply Edit #465. To: All (#464)
Argentina announces Capitol Controls on the US $.
Reasons for having dollars. Savings not one of those reasons.
According to Argentina....;}
# Argentina: it's official, no more dollars! | beyondbrics blogs.ft.com markets
1 day ago Latin America & Caribbean ... The Argentine government formally announced on Thursday that its ... will no longer be able to convert their savings from pesos to dollars, ... People doing these transactions will have to make the payments in ... Tags: Argentina peso, Argentina-dollar, capital controls, foreign ...
1 post - 1 author - yesterday The Argentine Central Bank announced on Thursday it will officially ... The latest move banning the purchase of dollars for savings is an ... In reality since last June 14, it was impossible to legally purchase US dollars for savings since no ... The central bank said banks will have to put 5% of their total private ...
A Bronx Tale:
Neighbor hood Wise Guy to Idiot Bar Crashing Bikers:
'I'm askin' youse to leave now.'
Idiots ignore warning. Proceed to start trashing bar.
Of course, it remains quite unclear just how much wealth is left anywhere under the conditions of extreme overshoot, and equally unclear where a Pigman should go to escape the oncoming Capital Controls likely to spring up everywhere.
The carefree life of Simon Black jetting around the world First Class, holding multiple passports and not paying Taxes in ANY jusrisdiction is coming to a close here, but Simon doesnt want to see this end. He really doesnt want to farm the 1100 Acres he bought in Chile, and if he HAS to move there permanently he likely hopes Da Chilean Goobermint will recognize his Title and will allow him to run his Estate as a Feudal Kingdom, hiring poor Chilean Peasants to plow HIS land.
The Capital Controls are coming, and every Pigman website from Zero Hedge to the Daily Capitalist will complain about them and tell you how horrible they are. They sure are horrible for PIGMEN! They cant go and jump ship with all the MONEY when the Titanic goes down.
RE
What's not understood, except by the very few (ALWAYS and EVERYTIME in the End Game PREVIEW of Panics & Mania's :twisted: ) is that there WILL be a Debt Jubilee.
IT can be controlled and doled out, at FIRST, but then the Collapse Continuum is reached and you find yourself behind the curve. THEN, CREDIT is what you hold in your hand when deciding each and every debt.
And The Number One issue of Collapse is that Most Everyone thinks that if they don't hear about it, It ain't happenin....
which is why the Truth Replaced by Silence works (sorta until it don't;) and is evil....
And when Electricity fails, you're all of a sudden in 1873...
and No one will know you're there.
1. Some areas still without power service
Parkersburg News - 1 day ago ... it has been a week and one day since the derecho storm ripped through the Mid-Ohio Valley, thousands are still without power. ... By JEFFREY SAULTON (jsaulton@newsandsentinel.com) , Parkersburg News and Sentinel ...
1. Thousands still without power MyFox Washington DC - 3 days ago 2. Tens of thousands still without electricity through July 4 WBAL Baltimore - 3 days ago
You're definitely not going to understand this....;}
'Nature has the right to exist'
Posted by Gerry Canavan
Art. 1. Nature or Pachamama, where life is reproduced and exists, has the right to exist, persist, maintain and regenerate its vital cycles, structure, functions and its processes in evolution.
Every person, people, community or nationality, will be able to demand the recognitions of rights for nature before the public organisms. The application and interpretation of these rights will follow the related principles established in the Constitution.
With the public ratification of its new constitution last week, Ecuador has for the first time anywhere in history granted inalienable rights to nature. The new constitution also includes strict egalitarian provisions about food production, water access, and protection for indigenous peoples and uncontacted tribes.
As the Guardian link makes clear, this unprecedented act stems in part from Ecuador's custodianship of the Galápagos Islands and in part from its long history of abuse at the hands of multinational corporations:
"The problem here we are faced with is that ONGOING are HIGH CRIMES AGAINST HUMANITY. This is not just limited to such outstanding and obvious Crimes like the Macondo Well Blowout in the GOM or FUK-U-Shima Fiasco, which is clearly a result of EXTREME levels of corruption between both Goobermint and Private Industry in Japan. It extends to the AUSTERITY being forced down the throats of J6Ps all over the world as their Pensions are cut and current workers are laid off, all to SAVE THE BANKSTERS! Bond Holders MUST be preserved at ALL COSTS! Such costs of course include Greek Senior Citizens committing Suicide because they see their future Eating out of Dumpsters."
#1615. To: Zesta, A K A Stone, All (#1614)(Edited)
It extends to the continuing POISOINING of the Food Supply by Monsanto and other corporations with GMO Foods. It extends into the pharmaceutical industry with Mercury based Vaccines. It extends into the Banking Industry with faulty MERS Titles and Foreclosures. It extends into the highest tiers of Goobermint, where Politicians are literally paid MILLIONS to vote in the interest of Lobbies rather than their constituencies. These Crimes Against Humanity are ONGOING, and they are ALREADY taking thousands if not Million of lives."
11 inches in 3 hours....Climate Change is here....;}
Death toll of Russian flood rises to 171
Local people walk along a flooded street in the southern Russian town of Krymsk on July 8, 2012. Mon Jul 9, 2012 2:8AM GMT 0 At least 171 people have been killed in devastating floods in the Black Sea region of southern Russia in the worst natural disaster to hit the region in decades.
In fact, the connections apparent across the piece of this rapidly developing scandal suggest that nobody saved the banking system in 2008: key players intimately involved in the sector simply lied about the cost of borrowing .using a fraud both well-established and near universal by then.
Even when non-oil products are considered, total liquids have barely budged, up just 3.5 percent for the entire period from 2005 to 2011. Even if these liquids were interchangeable with oil, they would be making very little headway in substituting for it.
But because few of the non-oil products now being lumped in with oil supplies are genuine substitutes and the ones that are have serious limitations on the volume they could provide, we should consider the truth about oil.
Its supply is stagnant which accounts for the record prices of recent years. And, the promise that high prices would bring on copious new supplies has proven to be nothing more than wishful thinking. The limitations on oil supplies are now upon us. The salient issue is the rate of production, not the supposedly huge resources that optimists may conjure up in their imaginations.
How much oil you can get out out of the ground on a daily basis is what counts, and it's getting harder and harder to extract the amount of oil we desire from the Earth's crust each day. We extracted the easy stuff first.
We cannot now expect to extract the difficult stuff at the same high rates as the easy stuff. And, we cannot expect that total percentage recoveries from the smaller, more complex and challenging reservoirs which we are now forced to exploit will be as high as those we've gotten from large, simple, straightforward reservoirs in the past.
The world has over a thousand multibillionaires. These people conspire with each other to expand free trade, increase government debts and eliminate capital from banking systems. All reforms must pass their inspection and anything curbing their astronomical accumulation of wealth is nixed whereas anything that increases it is shoved forwards. The result is an international banking collapse, a government debt crisis in nearly all first world countries and increasing violence at the bottom of society.
Very few of those living in the old paradigm of consumption, debt, and 40-hour work weeks will be able to maintain this lifestyle over the coming decade.
Nearly four years after the financial collapse of 2008 the majority of global economic indicators in America, Europe and China are suggesting that the situation has worsened, not moved into a recovery phase. What weve seen so far in terms of the vaporization of wealth, the destruction of jobs and the impoverishment of millions of once middle-class families is but the opening salvo in a world-wide depression that is sure to change the presumptions we have about global economic and geo-political stability.
All reforms must pass their inspection and anything curbing their astronomical accumulation of wealth is nixed whereas anything that increases it is shoved forwards. The result is an international banking collapse, a government debt crisis in nearly all first world countries and increasing violence at the bottom of society.
The US in particular has its head buried in the sand and this is partially the fault of the media owners who like things kept this way. For example, the ongoing news about how crummy our occupation of Afghanistan is going is usually tiny headlines on the back pages like todays story: NATO confirms 6 troops killed in roadside bombing Sunday in Afghanistan were Americans.
All the pro-US military speeches, all the flag waving, all the pretend interest in our troops is a false front. The US governments operational owners, the rich, dont give a (shit). Indeed, they studiously ignore the dead and the mental deterioration of the troops as they slowly are ground down by repeated cycles patrolling hostile Muslim territories.
"AP: 2 years later, fish sick near BP disaster -- Sores, parasitic infections, gashes, mysterious black streaks -- Fish, coral, seaweed, dolphins, mangroves, more April 20th, 2012 at 08:31 AM
11 1 Comments Confirmed BP drilled 3 wells - 3 distinct wellheads at Macondo Site. Mon May 28, 2012 12:40 AM EDT
It is beyond doubt this was a planned disaster. The evidence speak for themselves. Willful Ignorance has been the biggest single contributor to the downfall of past civilisations.
Continue reading this entry ... bp, demolition, macondo, nuke, detonation, gom, gulf-oil-spill, 3-wells 11 3 Comments CONFIRMED wellhead of the 3rd illegal well in doctored ROV video Sun May 27, 2012 2:58 PM EDT
Your Masters have succeeded in slowing justice to a crawl and doing Media Blackouts on the rest
and that makes you happy.
Super....Stay Ignorant and blissful for the little while longer, A K....maybe some bible study now....LMFAO
"11 1 Comments Confirmed BP drilled 3 wells - 3 distinct wellheads at Macondo Site. Mon May 28, 2012 12:40 AM EDT
It is beyond doubt this was a planned disaster. The evidence speak for themselves. Willful Ignorance has been the biggest single contributor to the downfall of past civilisations.
Continue reading this entry ...
Imagine this is your Master's World......;}
Now THAT"S blowing smoke.....BUWAHAHAHAHAHAHAHAHAHA...8D
You said it was going to be evacuated and millions would die.
But then I found out that the USSA does not do evacs.
According to the website Marine Traffic, the Holiday, flying under the American flag, departed out of Port Fourchon and arrived at a destination listed as MC 252" (the abbreviation for the location of the Macondo Prospect) on Nov. 5 at 9:00 a.m. (see file photo below).
MarineTraffic.com
My guess is the cost per day of operating a fleet of nine vessels like this has to be in the seven-figure range. You have to wonder what kind of alarming subsea scenario would demand that kind of expenditure.
Here is a map of Schumakers flight path. You can see the Deepwater Horizon site, marked by the black square labeled DWH. The other black squares signify the vessels in the area (see link to Bonny Schumakers On Wings of Care website below for full report, photos and video).
About 4 million visitors came to the city last year, still down from the more than 8 million that visited pre-Katrina but significantly higher than the years immediately after the storm, according to city figures. Last year, the city scored $20 million from casino revenue, a sign that the casinos which make up nearly half of the citys budget are rebounding.
Its all relative, isnt it? First of all, its barely a 50 percent comeback, and the story notes as is fairly common with all these gambling-powered comebacks the poorest neighborhoods have been left behind. The more powerful issue, though, is that Biloxis tourism used to rooted in the natural splendor of its beaches. No more. Today, Gulf Coast tourism centers on folks spending their money indoors, in smoke-filled windowless gambling emporiums. Maybe thats because weve already rolled the dice on the Gulfs environment, and it came up snake eyes.
First of all, evidence is mounting that shrimping in the Gulf once a lynchpin of the economy has been decimated since the BP spill. Heres the latest:
DELCAMBRE, LA (KTRK) Two years after the BP oil spill, shrimpers in the Gulf of Mexico say things have changed for the worse. Some say theyre hesitant to take settlement money from BP because the catch has been so bad the last two years, and theyre not sure when it will get better.
From the docks of Chalmette to the quiet waters of Delcambre in Louisiana, business is slow.
GO on down and buy yourself a shrimper, A K....;}
The MS Estuary will never recover in our lifetimes.
Millions wishing they HAD left the Redneck Riviera.....;}
Too late now...
And FUck bp and anyone who apologizes for them....;}
All the pro-US military speeches, all the flag waving, all the pretend interest in our troops is a false front. The US governments operational owners, the rich, dont give a (shit). Indeed, they studiously ignore the dead and the mental deterioration of the troops as they slowly are ground down by repeated cycles patrolling hostile Muslim territories.
Miss Julie, while I may agree you about some things (this particular topic, for instance), there's still a gaping chasm in our beliefs. You appear to ignore the half of any equation that includes goodness.
Can't even get a handle on it's tuberculosis outbreak....;}
You expectin them to force a USSAbp solution?
Florida accused of concealing worst tuberculosis outbreak in 20 years By Muriel Kane Sunday, July 8, 2012 18:57 EDT
"The high number of deaths in this outbreak emphasizes the need for vigilant active case finding, improved education about TB, and ongoing screening at all sites with outbreak cases, the CDC report urged.
Now the strain has not only spread beyond the underclass but has started appearing in other parts of the state, including Miami.
The Republican legislator who was the motive force behind the health department consolidation, Rep. Matt Hudson, told the Post on Friday that he was unaware of both the outbreak and the CDC warning. When filled in by a reporter, he promised that as chairman of the House Health Care Appropriations Committee he would see to it that there was funding for TB treatment.
That treatment will not come cheap. The drugs to treat a simple case of TB cost only $500, but if a patient does not take them regularly and the strain becomes drug-resistant, the cost skyrockets to $275,000. And, as the Post notes, the itinerant homeless, drug-addicted, mentally ill people at the core of the Jacksonville TB cluster are almost impossible to keep on their medications.
Image by WPA Federal Art Project, Dis. 4 [Public domain], via Wikimedia Commons
You just can't get anything correct, EVER, can you jimma boy?
"#1600. To: Fred, Mad Dog, All (#1596)"
.-.
The only thing that you can pull jimma boy is your pud.
Eat Shit and DIE jimma boy
Your own brother PISSES on YOU jimma boy, as do we ALL.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Re: PEAK OIL, TOTAL COLLAPSE, AND THE ROAD TO THE OLDUVAI 071012.... :twisted: :? 8-)
Today's the Day.
No movement is a Decision in and of itself.
Note that Silence is regularly replacing the truth now, so it could be some time for the Event to come out.
Example:
The Afghans today:
The USSA Version:
Three suicide bombers were on a motorcycle when their explosives went off in Kandahar, killing children [EPA]
At least 19 people are reported to have been killed and 39 others wounded in four bombing and shooting attacks in southern Afghanistan.
Officials said Gunmen begin attacking in three locations in Kandahar, in southern Afghanistan, on Monday, sparking a two-hour gunfight with Afghan security forces.
Bernard Smith reports from Kabul
"Fourteen attackers, some of them equipped with explosive suicide vests, were killed in today's gunfight with Afghan forces," Kandahar Governor Toryalai Weesa told a news conference after the gunfight ended.
The first attack began when three assailants - part of the group of 14 - triggered a bomb on a motorbike, killing themselves and two children.
The children were aged between eight and 12 and were playing at the time of the explosion, an official said.
Minutes later, several others attacked Kandahar's police headquarters and a private bank. Weesa said that three policemen were killed in attacks while 24 other, including 18 police officers, were wounded.
The shooting was followed by two explosions at the entrance of the headquarters. The Taliban militants took responsibility for attacks in Kandahar city.
The attack on the police headquarters, about three kilometres away, began with an explosion and continued for around an hour after at least three fighters took over a nearby school and fired on police, officials said.
KANDAHAR, Jul. 10 Heavy fighting took place in the various areas of Kandahar city on Monday initiated by martyrdom seeking Mujahideen of Islamic Emirate amid operation Al-Farooq, according to officials.
The attacks began at around 02:00 pm local time when a car bomb was set-off near the police headquarters, bringing down the adjacent wall and removing all the enemy barriers after which 4 martyrdom seekers (Abdul Ahad and Abdul Waddod both residents of Kandahar; Hafiz Haroon and Abdul Wali) armed with heavy and light arms as well as explosives vests stormed inside and began
attacking the enemy among whom Abdur Raziq, the provincial chief was also present initially. 22 special border police guards of the puppet provincial chief were killed while dozens of others were wounded.
While the fighting was ongoing inside the police HQ, 2 other martyrdom seekers (Hamid and Jan Muhammad) engaged reinforcement troops on Ciftan Mada intersection while 2 others in Shahidano intersection, triggering a deadly battle in which several enemy were killed, their weapons seized and used against other hireling troops. Then the Mujahideen took up positions Momtaaz Hotel and prevented the enemy from getting close to the police headquarters.
Mujahideen also engaged reinforcements in Hazrat Ji Baba by initially detonating a car bomb and then bringing them under armed attacks, killing and wounding several.
According to reliable information, a total of 35 enemy troops were killed in these operation and 22 others were wounded including key enemy officers whereas several enemy vehicles and tanks as well as buildings were destroyed and badly damaged.
It is worth mentioning that 4 Mujahideen (Lutfullah, Abdul Salam, Ameenullah and Abdul Sattar) were also martyred in the attacks while all the Mujahideen inside the police HQ embraced martyrdom at 09:00 pm (may Allah grant all of them the highest ranks in Jannah).[/quote]
Turkey pays for energy resource import from Iran in gold
9 July 2012, 14:16 (GMT+05:00)
Azerbaijan, Baku, July 9 / Trend A. Taghiyeva /
Turkey began paying for oil and gas imports from Iran in gold since March 2012, Turkish newspaper Vatan said today, citing an official source. According to the newspaper, that's why gold exports from Turkey to Iran have sharply increased since March 2012. For example, gold exports from Turkey to Iran in March-May 2012 amounted to 60 tons.
Turkey and Iran have chosen this method of payment for energy resources imported into Turkey from Iran after the SWIFT Company which was engaged in money transfer to Iran, stopped cooperating with Tehran in March this year. It is reported that Turkey imports eight million tons of oil and eight billion cubic meters of gas from Iran each year.
[quote] Just 18 percent of those polled name it as their top environmental concern.
The findings, along with follow-up interviews with some respondents, indicate that Washingtons decision to shelve action on climate policy means that the issue has receded even though many people link recent dramatic weather events to global warming. And they may help explain why elected officials feel little pressure to impose curbs on greenhouse gas emissions.
I really dont give it a thought, said Wendy Stewart, a 46-year-old bookkeeper in New York. Although she thinks warmer winters and summers are signs of climate change, she has noticed that political leaders dont bring up the subject. Ive never heard them speak on global warming, she said. Ive never heard them elaborate on it.
Michael Joseph, 20, a student at the Wentworth Institute of Technology in Boston, said he sees extreme weather-related events such as the Colorado wildfires and the derecho storm that struck Washington on Friday as having something to do with climate change. But, like Stewart, he added, I dont really hear about it that much.
See my recent post A Preview Of Things To Come?
There is Objective Reality, which scientists attempt to untangle for us. And then there is the Consensus Reality, which comprises the things which humans have agreed (consciously or not) to agree about. And far beyond that, somewhere within the confines of Walt Disney's Magic Kingdom, there is what Americans think is going on.
I'll jump to my conclusion today without preamble. The Human Experiment on Earth has failed. The jury is in, the verdict has been read. Planet Stupid? Bound for self-destruction? Guilty as charged on both counts. What does Objective Reality tell us in this case?
Mother Nature made a Big Mistake in the Pleistocene.[/quote]
There is Objective Reality, which scientists attempt to untangle for us. And then there is the Consensus Reality, which comprises the things which humans have agreed (consciously or not) to agree about. And far beyond that, somewhere within the confines of Walt Disney's Magic Kingdom, there is what Americans think is going on.
I'll jump to my conclusion today without preamble. The Human Experiment on Earth has failed. The jury is in, the verdict has been read. Planet Stupid? Bound for self-destruction? Guilty as charged on both counts. What does Objective Reality tell us in this case?
Mother Nature made a Big Mistake in the Pleistocene.
For those of you who do indeed have a clue about what's going on here on Planet Stupid, you have my complete sympathy and my condolences. Do the best you can here. Don't forget to have a good time on those rare occasions when life presents you with the opportunity to do so. Carpe Diem!
Some of you have children. Some of you may want to apologize to them now. Why wait?
More compelling evidence that the Human Experiment has failed comes to us in the latest episode of ABC's This Week with host George Stephanopoulis. As you know, Americans think that global warming is a political issue which everybody gets to have an opinion about. A subset of them think there are easy political solutions to the problem. These latter blame the others for their denial and obstinacy.
Conservative pundit George Will, also known here on DOTE as The Bowtie Of Understanding, believes he knows why the United States has been plagued with extreme weather events this year. In a word
Summer!
But do not focus solely on George's happy view. The entire roundtable discussion is too ridiculous to ridicule.
In February, PFGBest was fined $700000 for failing to notice a $174 million Forex-trading Ponzi scheme run by a client. What Duke did: North Carolina ...
US broker PFGBest freezes funds after founder's suicide attempt ... www.forexfactory.com Forums Broker Discussion
US broker PFGBest freezes funds after founder's suicide attempt Broker ... million forex-trading Ponzi scheme run by Trevor Cook in Minnesota, ... Get more discussion results
Guess Where ALL of THAT ponzi $$$ is.......
JPMORGAN.....;}
mcgowanjm posted on 2012-07-10 10:33:39 ET Reply Trace Private Reply Edit
TWO really good comments on the DeclineoftheEmpire article:
That poll is amazing; 35% of respondents trust what scientists (presumably, climate scientists) say about global warming "a little or not at all". Only 26% trust what they say "completely or a lot".
Planet stupid, indeed.
Posted by: Mike Roberts | 07/09/2012 at 07:09 PM Anywhere But Here Is Better
This life starts with stupid pain (eviction via the stupidly narrow birth canal). It continues with stupid pain throughout childhood (from crying for more stupid milk to fighting stupid turf wars with parents and siblings to side-stepping truly stupid bullies in the school yard). Painful stupid adolescence kicks you in the balls or tries to barnstorm your vagina, depending on gender and orientation. Adulthood brings pain on a whole new stupid level (from unrequited stupid love to stupidly unfulfilled sexual desire to thwarted stupid ambition). Stupid middle age brings angst, disappointment and growing despair beyond any measure of stupidity. Then old age creeps up on you like a thief with any number of stupid additional dollops of pain (onset of organ failure, decrepitude, senility and spectating as your contemporaries peg it one by one).
Occasional microseconds of joy convince you not to fall accidentally under a train, such as a particularly fine orgasm or a slice of warm chocolate fudge cake or listening to the Ozric Tentacles on headphones in a darkened room. (I recommend the latter as an instant brain repair should you accidentally catch more than five seconds of imbecilic Fox News while channel hopping.)
Yes, I would add it all up and come to the same conclusion as you have Dave, albeit from a slightly different direction. It's just plain stupid, this thing called human life. The pain it inflicts on stupidly sentient us just ain't worth it. And if there was an almighty god in whose image we were made, I'd have just one message to deliver at those pearly gates, en route to my preferred final destination called Oblivion.
"God," I'd intone, calm as a dead parrot in a comedy sketch, "you're fired."
MY EDIT:
The above is EXACTLY why HEAVEN &HELL are here & right now.
And Neither is a Permanent condition unless you WILL IT....;}
Posted by: Anywhere But Here Is Better | 07/09/2012 at 08:29 PM T E Cho
It's gettin worser faster now ...
There WILL be an AHA point of realization, a tipping point of ' wow, this really is for real ' . What will be the reaction then? There's got to be some historical precedents. Perhaps most of humanity is in the 'denial' stage of denial-> anger -> depression -> acceptance . The anger is next, what will that be like?
The predictions are wars over water, ESP when a country dams up rivers for their own use, depriving downstream countries of water. African govts damming the Nile, India and Pakistan,Bangladesh, to name 2 areas ripe for conflict.
And this doesnt count the other looming disasters Dave has detailed, ocean acidification, methane from arctic regions, economies worsening, political polarization, obesity/health epidemics, middle class powerlessness, etc. Etc. And water is need for food irrigation, wait till that hits the fan. All the while floods of refugees.
It's beginning to look like an Armageddon, a disaster of biblical proportions, 'myth' becomes reality.
Probably before the end of next year there'll be so much bad news, Dave won't even be able to keep up. He's practically having difficulty now, as he has hinted at. An embarrassment of riches of bad news. No disrespect intended.
So the focus will shift from what will the next 20-40 years look like to what will the next 5 - 15 years look like. Or a shorter time frame even. And the focus will keep getting shorter and shorter.
My $0.02 . But when the US military/ intelligence briefings/predictions begin to sound like something from Revelation, you know we are in for one hell of a ride.
Post Tue Jul 10, 2012 10:35 am by mcgowanjm And the thing about Wall St City folks.
Tyler Durden wrote: MF Global 2 is now official. At least one can never accuse ex-Goldmanite, and current head of the CFTC Gary Gensler, as being behind the curve:
* U.S. COMMODITIES REGULATOR SUES PEREGRINE FINANCIAL GROUP * FIRM HAS $200 MILLION CUSTOMER FUND `SHORTFALL', CFTC SAYS * CFTC LAWSUIT FILED ONE DAY AFTER FIRM ANNOUNCES NFA PROBE
Hopefully, the CFTC's now meaningless action will help all those farmers whose money has just vaporized. Luckily, they can make it all up on record corn profits.
If there's a market, you can't grow it.
If you can grow it, there is no market.
Farmers have lost their positions, moneys, and can only continue to pretend that they're farming USDA REQUIRES adding inputs to crop even if the crop is totaled ALL THE WAY to HARVESTING nubbin' stalks.... :twisted: :roll: :shock: :? 8-)
A rough calculation based on 2012 BP Statistical Review data indicates that the combination of the EU-27, the United States, and Japan spent a little over $1 trillion dollars in oil imports in 2011roughly the same amount as in 2008. Governments have been running up huge deficits and have been keeping interest rates very low to cover up this damage, but it is hard to make this strategy work. The deficit soon becomes unmanageable, as the PIIGS (Portugal, Italy, Ireland, Greece, and Spain) countries in Europe have recently been recently been discovering. The US government is facing automatic spending cuts, as of January 2, 2013, because of its continuing deficits.
Anyone paying attention @ Economic Undertow is familiar with Gails argument: the same high price of crude oil that unravels the waste-based economy is the price needed to bring new oil to markets. Here is another economic paradox: we burn value so as to afford more value to burn. This is as pointlessly counterproductive as burning gold.
Fuel, Money, Climate Posted on July 10, 2012 by steve from virginia
The core of the Eurozone does not want to take on the credit risk involved in any variance of credit mutualization you will have a worse crisis, not six months from now but another, bigger crisis in the next two-weeks Its a perfect storm you could have a collapse of the Eurozone, a US double-dip, a hard-landing of China, a hard-landing of emerging markets and war in the Middle East
The Plan was rolled out.....takes 90 days for the state to position forces, gear up for battle.... that lasts 12 hours..... :twisted:
July 9 (Bloomberg) -- The worst U.S. drought since Ronald Reagan was president is withering the worlds largest corn crop, and the speed of the damage may spur the government to make a record cut in its July estimate for domestic inventories.
Tumbling yields will combine with the greatest-ever global demand to leave U.S. stockpiles on Sept. 1, 2013, at 1.216 billion bushels (30.89 million metric tons), according to the average of 31 analyst estimates compiled by Bloomberg. Thats 35 percent below the U.S. Department of Agricultures June 12 forecast, implying the biggest reduction since at least 1973. The USDA updates its harvest and inventory estimates July 11."