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Peter Schiff -There Will be Riots in the Streets
Peter Schiff says that ultimately the United States will go the same way as Greece. Before the entire country goes, a state like California may go bankrupt.
The major problem is all of the unfunded liabilities. Social Security is a big problem, but even worse may be all of the guaranteed pensions for government employees.
Of course, one woman on the panel thinks that raising taxes on the rich will solve all of the problems. Peter Schiff explains that he already pays 45% of his income in income taxes. He says that if he is so tired of getting taxed that he would rather work less than to pay more taxes.
The main problem with Europe is that everyone is addicted to their entitlements. Of course, that would also accurately describe a large portion of the American public. If the government defaults on its debt, the people who are hurt the most will be ex-government workers and the elderly who may mostly rely on monthly checks from the federal government.
American Warships Heading to Egypt
Connecticut’s newspaper The Day noted on January 24th:
Connecticut National Guard Detachment 2, Company I, 185th Aviation Regiment of Groton has mobilized and will deploy to the Sinai Peninsula, Egypt, to support the Multinational Force and Observers.
The unit left Connecticut Jan. 15 for Fort Benning, Ga., for further training and validation. The unit operates C-23C Sherpa aircraft and has deployed three times in the last seven years in support of the conflicts in Iraq and Afghanistan.
The unit will provide an on-demand aviation asset to the Multinational Force and Observers commander to support its mission of supervising the security provisions of the Egypt/ Israel Peace Treaty.
Yesterday, the Los Angeles Times reported:
The Pentagon is moving U.S. warships and other military assets to make sure it is prepared in case evacuation of U.S. citizens from Egypt becomes necessary, officials said Friday.
The Kearsarge, an amphibious assault ship carrying 700 to 800 troops from the 26th Marine Expeditionary Unit, and the Ponce have arrived in the Red Sea, putting them off Egypt’s shores in case the situation worsens.
Pentagon officials emphasized that military intervention in Egypt was not being contemplated and that the warships were being moved only for contingency purposes in case evacuations became necessary.
In addition to the Marines, the Kearsarge normally carries around four dozen helicopters and harrier jets that would permit evacuations and other humanitarian operations, the officials said. More than 1,000 Marines from the Kearsarge were sent to Afghanistan last month on a temporary deployment, leaving roughly one-third still aboard, officials said.
The Kearsarge is an attack vessel.
As Wikipedia notes:
In carrying out her mission, Kearsarge not only transports and lands ashore troops, but also Read more…
Mubarak could be worth $40 billion to $70 billion
Egyptian President Hosni Mubarak and his half-Welsh wife Suzanne
According to analysis by Middle East experts, Mubarak has taken much of the gains overseas and deposited much of his wealth in secret bank accounts in British and Swiss banks, The Guardian reported on Friday.
Observers say the Mubaraks have also invested in real estate in Read more…
All American Ambassadors Called Back to Washington!
In an unprecedented move, apparently one that has never happened before, nearly all U.S. Ambassadors to all nations have been called back to Washington for a summit conference. This event, mostly unreported, concluded on 4-Feb-2011.
politico.com reports, “Ambassadors from almost all 260 U.S. embassies, consulates and other posts in more than 180 countries are expected to convene at the State Department for what’s being billed as the first meeting of its kind.”
huffingtonpost.com, “Secretary of State Hillary Rodham Clinton is convening an unprecedented mass meeting of U.S. ambassadors.”
The first logical thought that comes to mind…
Looking back at all previous world crisis, what might now be so important, evidently more-so than anything ever in the past, to call all Ambassadors back to Washington? And why has the press not reported on such an unusual event involving every U.S. diplomatic ambassador in the world? Read more…
Three Cases of Cholera Confirmed by New York City Officials
The first known cases of cholera in New York since the outbreak of the disease in Haiti last year were confirmed on Saturday by city officials.
A commercial laboratory notified health officials on Friday that three New Yorkers had developed diarrhea and dehydration, classic symptoms of the disease, after returning from a wedding on Jan. 22 and 23 in the Dominican Republic, where the government has been trying to prevent the disease from spreading from neighboring Haiti.
The three who contracted cholera were adults who returned to the city within days of the wedding.
None were hospitalized. Dr. Sharon Balter, a medical epidemiologist for the city Department of Health and Mental Hygiene, said on Saturday that the victims had all recovered.
Officials declined to release the names of the patients or where they lived.
City health officials are now working with the Centers for Disease Control and Prevention in Atlanta to determine what the New York victims ate and to see if the strain of the disease they contracted is linked to the cholera epidemic that has ravaged Haiti, killing thousands since October and infecting many more.
“We’re providing support to the state, with lab testing, in determining which strain” is at issue, said Candice Burns Hoffmann, a spokeswoman for the C.D.C. “And I know there is an Read more…
Gold buying spree grips Chinese households
In this world of chaos and tumult, the Chinese people know what to do to preserve their wealth – they buy gold. When Americans finally wake up, if that ever happens, there is a good chance that there won’t be any gold to buy at any price.
By David Lew
BEIJING (Commodity Online):An unprecedented investor interest in gold is turning Chinese households as store houses of wealth these days as people are on a gold buying spree across the rural and urban areas of the dragon country.
Bundles of news stories are these days written on the gold buying spree by the Chinese households. If not an overstatement, it is now a fact that people’s houses in China have soared in value thanks to the rising prices of gold in the last two years.
“People in China are buying gold like never before. They believe that gold is the best form of investment. So they are buying gold coins, bars and jewelery items and stocking up safely in their homes,” says Beijing-based bullion dealer J Kim Lee.
Quoting the World Gold Council figures, Lee says that if the gold buying spree by Chinese households goes on at the current pace, private gold Chinese demand may overtake Indian gold demand by 2014, giving the world’s two most populous nations two ounces of gold in every five sold worldwide that year.
Indian households are estimated to be owning 15,000 tonnes of gold. India continues to the largest consumer and importer of gold worldwide.
According to precious metals analyst Steven Jon Kaplan, a significant percentage of gold’s price increase in 2009-2010 was caused by the incremental demand from Read more…
Google Earth finds Saudi Arabia’s forbidden archaeological secrets
An armchair archaeologist has identified nearly 2,000 potentially important sites in Saudi Arabia using Google Earth, despite never having visited the country.
David Kennedy, a professor of classics and ancient history at the University of Western Australia, used Google Earth satellite maps to pinpoint 1,977 potential archaeological sites, including 1,082 teardrop shaped stone tombs.
“I’ve never been to Saudi Arabia,” Dr Kennedy said. “It’s not the easiest country to break into.”
Dr Kennedy told New Scientist that he had verified the images showed actual archaeological sites by asking a friend working in the Kingdom to photograph the locations.
The use of aerial and satellite imaging has been used in Britain to locate Iron Age and Roman sites in Britain, as well as Nazca lines in Peru and Mayan ruins in Belize.
But few archaeologists have been given access to Saudi Arabia, which has long been hostile to the discipline. Hardline clerics in the kingdom fear that it might focus attention on the civilisations which flourished there before the rise of Islam – and thus, in the long term, undermine the state religion.
In 1994, a council of Saudi clerics was reported to have issued an edict asserting that preserving historical sites “could lead to polytheism and idolatry” – both punishable, under the Kingdom’s laws, by death.
Saudi Arabia’s rulers have, in recent years, allowed archaeologists to excavate some sites, including the spectacular but little-known ruins of Maidan Saleh, a 2,000 old city which marked the southern limits of the powerful Nabataean civilisation.
For the most part, though, access to ancient sites has been severely restricted.
CO2 Fears After Amazon Rainforest Droughts
Two severe Amazon droughts have sparked fears that the rainforest’s ability to absorb carbon emissions is being diminished – and, worse still, it may soon release almost as much CO2 as the US.
A rare drought in 2005 – billed as a once-in-a-hundred-years event – was then followed by another drought in 2010 that may have been even worse, according to a study by a team of British and Brazilians scientists in the journal Science.
With a huge number of trees dying as a result of the droughts, the scientists predict that the Amazon will not be able to absorb as much carbon dioxide from the atmosphere as usual in future.
This would remove an important global buffer against pollution.
Even worse, rotting trees may release into the atmosphere as much as five billion tons of C02 in the coming years.
That would be almost as much as the 5.4 billion tons emitted from fossil fuel use by the US in 2009.
Based on the impact of the dry spell on tree deaths in 2005, the team projected that Read more…
HIGH RANKING BILDERBERG MASON SPILLS THE BEANS ON HIS DEATH-BED
worthless as THEY usher in the new One World Currency. The world as we know it now will be completely different in 2012. Disruption of
currencies plotted so pull your money out of the Banks, spend it NOW!
“China are the strong ones” – China are the New World Order
Leaders with America reduced to Third World status! Timothy Geithner of the US Treasury speaks fluent Chinese! (KEVIN RUDD SPEAKS MANDARIN ALSO. ED.) Within 2 years we will not recognize America. The Elites have altered their Time Line. After 2 years we will be so poor, we will not be able to rebel!
3 – Gold and Silver is all you can rely on – convert your assets and
cash to Gold ASAP – Urgent. Don’t hang around because the Illuminati are going to crash the banks further very soon. We are entering into a depression whereby we are ALL going to be utterly poor within two years from now – peasant attitude and peasant way of life.. Don’t depend on Real Estate, Assets!
4 – Crude Oil will be $150 – $200 per barrel in the next Read more…
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