Archive
Hyperinflation Or Great Depression II?
Western Europe has invented two institutions that have taken over the world: the university and the central bank. Today, both are under fire as never before. At the same time, both are in their respective diver’s seats. The greater the criticism, the better they do for themselves.
We are finally seeing articles on the bubble in higher education. It isn’t a bubble. Government money still flows in by the hundreds of billions a year.
We hear that college isn’t worth the money. Well, if it isn’t, why are parents paying it? Because they are buying a consumer good: social acceptance. They are buying off peer pressure. They are unwilling to say to their friends, “Billy Bob is going to become a plumber.” Yes, Billy Bob will always have a good income, but Billy Bob’s parents are unwilling to accept this. Billy Bob will get his hands dirty . . . with “filthy” lucre. Oh, the horror! Better that he should be an unemployed B.A. in sociology with $23,000 of student debt, and his parents $50,000 to $150,000 poorer.
That is to say, people have priorities that are different from what the journalists (with B.A. degrees in a field with a dismal future) write about in their articles. The parents will not admit to Read more…
Walking on thin ice
AntarcticaIcebergs break away as the melting Antarctica landscape yields to glabal warming. Photo: Angela Wylie
Every now and then the magnificent, mute marble coast of Antarctica will suddenly find a voice and let out a shattering exclamation – like a gunshot. The noise travels far and wide, thundering uninterrupted across crystal space until sheer distance exhausts it.
It is the sound of an ice cliff collapsing into the ocean. Or maybe of a new iceberg cleaving itself away from the continent and setting sail. It is part of the natural soundtrack of planet history, though it is only rarely, and recently – in geological timescales – heard by humans.
In little remote scientific communities like the Australian Antarctic Division’s Casey Station, on the East Antarctic coast, a roar from the ice might briefly interrupt the labour or conversation of the scientists and tradesfolk who are resident there, working on some aspect of deciphering the climate story. For those lucky enough to be among them, to hear it, it sends a shiver of humility through your bones. You are, after all, at the mercy of this grumbling giant. The cryosphere Read more…
Record-High CO2 Levels a Bad Sign for Global Climate Goals
Record levels of carbon dioxide (CO2) emissions last year threaten our chances of keeping the Earth’s temperature from rising 2 degrees Celsius, considered by scientists to be the threshold for catastrophic climate change.
CO2 emissions from energy production in 2010 were the highest in history following a recessionary dip the year before, the International Energy Agency (IEA) said in a stark announcement Monday. Existing and planned power plants mean the bulk of energy-related CO2 emissions projected for 2020 are already “locked in.”
“This significant increase in CO2 emissions and the locking in of future emissions due to infrastructure investments represent a serious setback to our hopes of limiting the global rise in temperature to Read more…
Russia to accelerate GLONASS navigation satellite launches
Russia will accelerate the pace of communications satellite launches to give its GLONASS navigation system full global coverage capacity by the end of the year, a senior government official said Wednesday.
Russia’s national space agency is planning to place into orbit six new GLONASS navigation satellites by the end of 2011, said Anatoly Shilov, a spokesman for Russia’s National Space Agency.
GLONASS is a Russia-developed satellite-navigation system similar to the U.S.-developed GPS.
The Russian network currently operates 23 satellites, giving coverage of Russia and the former Soviet Union. It needs between 25 and 30 aloft to provide global coverage, according to news reports.
A top government priority for GLONASS is tracking Read more…
Chile Earthquake Today – Terremoto Felt in Santiago
CORAL GABLES (LALATE) – – Chile was struck by a 6.4 earthquake today. Chile’s earthquake or terremoto was felt in Santiago and struck during the morning rush hour. Today’s temblor is the latest powerful earthquake to strike the country this year. No reports of damage or injury today have been given.
Today’s earthquake activity in Chile produced the highest quake in the region in recent weeks. In April, Chile experienced two major earthquakes with hours of each other. On April 2, a moderate 5.1 quake struck forty-one miles south of San Antonio, Valparaiso. That temblor was followed hours later by an earthquake registering a 5.9 magnitude, centered eighty-three miles east of Iquique in the Tarapaca region stuck.
Like the April earthquakes, today’s temblor struck during the early morning Read more…
Drought continues to tighten its grip on Georgia
UNDATED – The drought continues to push deeper into north Georgia while making it difficult for south Georgia farmers to plant two key crops.
A new report shows roughly 77 percent of the state’s cotton crop and 80 percent of the peanut crop have been planted.
The driest conditions in the state continue to be two pockets in southwest and southeast Georgia.
Meanwhile, the U.S. Drought Monitor says the drought has now pushed as far north as southern Habersham County, south Dawson and south Forsyth, extending westward to the Alabama line near Carrollton and LaGrange. Gainesville and all of Hall County are now considered in a drought. Conditions in all of these areas are considered “abnormally” dry.
A swath of counties just Read more…
Yemen slides into civil war
Antigovernment protesters react as they block the road with rocks and burning tires during clashes with Yemeni security forces in Taiz, Yemen, on Wednesday, June 1.
After months of trying to tamp down unrest, Yemen‘s embattled President Ali Abdullah Saleh and his security forces have become embroiled in a conflict that meets all the classic definitions of a civil war.
He and his security forces are now fighting on three main fronts: In the capital of Sanaa, Saleh loyalists are engaged in a pitched battle with tribesmen under the direction of Sheikh Sadiq al-Ahmar, leader of the powerful Hashid tribal confederation; Islamist militants have taken control of the southern province of Abyan; and in the southern city of Taiz, Saleh’s Republican Guard violently dispersed protesters. Yemeni government forces have reportedly killed more than 50 people since Sunday.
Saleh has Read more…
GMO created foods may be used as a biological weapon
Gene
tically modified organisms (GMO) which are used to create new food seeds and crops, are being tied to use as a potential biological weapon in creating infertility in places around the world.
A report published on May 28th tied together that the international organization Codex, which is seeking to regulate every food, mineral, and herb in the world used for consumption, does not consider GMO created products as food, and thus they are being placed in a separate sphere of attributes that can be used for alternative functions.
Including birth control and creating infertility in a nation or population.
There has been a concerted national effort by citizens to have the US government label GMOs. Opposing it are government intent not only to keep them unlabeled in the US but efforts at the international level by the US government to remove all labeling of GMOs through Codex. The problem is that Codex applies to food, and Read more…
Two Suns Rise over Hawaii: May 29, 2011 (Video)
The “first” rising sun appears to have “cross shaped” planets rising with it. Could the astronomers out there please tell me what we are witnessing here. Looks like it’s time to strike one up for the “Planet X” conspiracry theorists! Nibiru has arrived; the proof is here!
See the reported picture of Nibiru or Planet X below and compare to the rising behemoth and it’s planets in the video.
Fed Ready to Print More Funny Money on QE3 Rumors
Simon Maughn, co-head of European equities at MF Global, has told CNBC that a third round of so-called quantitative easing is in the works. The private Federal Reserve will again become the marginal buyer of bonds.
The latest effort by the Fed to finance the government’s staggering deficit will end in June.
If the private Federal Reserve owned by offshore banksters stops this lending scheme, interest rates will rise significantly which in turn will exert tremendous pressure on the American public. If interest rates surge anytime soon, millions of indebted Americans may default on their debt, thereby bankrupting the American financial institutions, as Puru Saxena, founder of Puru Saxena Wealth Management, notes.
“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
crisisboom
CRISISBOOM 
You must be logged in to post a comment.