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Ignoring China’s Military Buildup At Our Own Peril
The coming US Depression has an added dimension: “…a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension” which may fuel unprecedented unrest.
by Tom Dennen
Money talks and here is what it is saying: Here are the Current Account Balances of 163 Countries in the World COMPARED WITH LEVELS OF STREET VIOLENCE (all except Egypt at the bottom of the debt list) :
Notice the amazing entry at the bottom of this list (scroll down) taken from Gerald Celentes’ Trends Journal, the full report, 2011.The Current Account Balance records a country’s net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
China is No. 1, Hong Kong No. 15, Egypt N.37 … check who is No. 163
World Ranking – Current Acct Balance (in Millions of US$)
1 People’s Republic of China (PRC) 179,100
2 Japan 174,400
3 Germany 134,800 Read more…
Economic Warning Signs
Do you see all of the warning signs that are flashing all around you? These days it seems like there is more bad economic news in a single week than there used to be in an entire month. 2011 is already shaping up to be a very dark year for the world economy. The price of food is shooting through the roof and we have already seen violent food riots in countries like Egypt, Algeria and Tunisia. World financial markets are becoming increasingly unstable as the sovereign debt crisis continues to get worse. Meanwhile, the number of Americans applying for unemployment benefits is up, foreclosures are up and poverty continues to spread like a plague throughout the United States. What we are starting to see around the globe is a lot like the “stagflation” of the 1970s. All of the crazy money printing that has been going on is overheating prices for agricultural commodities and precious metals, but all of this new money is not doing much to help the average man or woman on the street. Read more…
Other Nations Outclass U.S. on Education
In every town in America, the back-to-school rush is on, reports CBS News correspondent Jim Axelrod.
In Croton, N.Y., the Arturo brothers are already cracking the books.
“I feel we get our money’s worth in Croton,” said the boys’ mother. “Especially for three kids.”
The public schools have done right by the Arturos, but that’s not the case across the board, says education consultant Mark Schneider.
“Our top students are just not world class anymore,” Schneider told CBS News.
And he’s right. Of 30 comparable countries, the United States ranks near the bottom. Take math – Finland is first, followed by South Korea, and the United States is number 25. Same story in science: Finland, number one again. The United States? Number 21.
Where does the United States outrank Finland? On the amount spent per student: just over $129,000 from K through 12. The other countries average $95,000. Read more…
Falling off the American Dream treadmill – Real median U.S. household income falls under $50,000. Poverty rate has grown exponentially since 2000, during the housing bubble.
The U.S. Census Bureau recently released troubling data on the status of American families. The first disturbing point was that 43.6 million Americans now fall under the poverty category. This works out to 1 out of 7 Americans. The growth has come from many people falling off the middle class treadmill. While the echoes of recovery blast through Wall Street the grim reality for most people is that there is a greater and greater divide occurring. The top 1 percent still has significant control over financial resources and wealth disparity is as high as it was during the 1920s. While many American families wait in lines outside of Wal-Marts so their food assistance debit cards refill to buy food, those calling a recovery are usually those who have been protected via bailouts since the recession started.
The data on poverty is grim and disturbing:
Source: Census
This data takes into full account the deeper blow of the recession. The supposed recovery is nowhere Read more…
American Riots Coming Soon…
What in the world is happening to America? The things that you are about to see in the videos posted in this article are so disturbing and so violent that it is hard to believe that it is actually Americans that are doing this to one another. Once upon a time, Americans generally conducted themselves with humility, grace, civility, honor and with a tremendous amount of respect for others. Sadly, those days are now long gone. Now, large numbers of people in this country are just going wild. Unfortunately, the videos you are about to watch are not isolated incidents. Stuff like this is going on all over the country. So what is going to happen when the economy collapses and shortages begin? What kind of violence and rioting should we expect to see at that point? Just recall what we witnessed in the aftermath of Hurricane Katrina. Sadly, if the videos below are any indication, the thin facade of civilization that we all take for granted every day could Read more…
United States of Shame…Where does YOUR State Rank?
PATRIOT Act extension would add judicial oversight
Bill would shift next extension away from election year
Senate Judiciary Committee Chairman Patrick Leahy (D-VT) introduced legislation to the Senate Wednesday that would extend expiring provisions of the controversial PATRIOT Act.
“Congress now faces a deadline to take action on the expiring provisions of the USA PATRIOT Act,” Sen. Leahy said in a statement. “The USA PATRIOT Act Sunset Extension Act of 2011 will preserve law enforcement and intelligence techniques that are set to expire on February 28, 2011, and extend them to December 2013.”
The legislation, titled “The USA PATRIOT Act Sunset Extension Act of 2011,” would extend the roving wiretap provisions, the “lone wolf” measure and the “library records” provision. The provisions allow authorities to conduct surveillance without identifying the person or location to be wiretapped, permits surveillance of “non-US” persons who are not affiliated with a terrorist group, and lets the government gain access to “any tangible thing” during investigations, respectively.
The bill also increases judicial oversight of government surveillance powers, such as requiring authorities to list the facts that justify obtaining a court order and raising the standards for gaining permission to conduct wiretaps.
“While this bill makes important changes to the Patriot Act to increase oversight of its powers, it unfortunately allows many dangerous provisions to continue,” Michelle Richardson, American Civil Liberties Union legislative counsel, said. Read more…
Justice Department seeks to have all web surfing tracked
Mandatory data retention ‘raises serious privacy and free speech concerns’
WASHINGTON — The US Justice Department wants Internet service providers and cell phone companies to be required to hold on to records for longer to help with criminal prosecutions.
“Data retention is fundamental to the department’s work in investigating and prosecuting almost every type of crime,” US deputy assistant attorney general Jason Weinstein told a congressional subcommittee on Tuesday.
“Some records are kept for weeks or months; others are stored very briefly before being purged,” Weinstein said in remarks prepared for delivery to the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security.
He said Internet records are often “the only available evidence that allows us to investigate who committed crimes on the Internet.”
Internet and phone records can be “crucial evidence” in a wide array of cases, including child exploitation, violent crime, fraud, terrorism, public corruption, drug trafficking, online piracy and computer hacking, Weinstein said, but only if the data still exists when law enforcement needs it.
“In some ways, the problem of investigations being stymied by a lack of data retention is growing worse,” he told lawmakers.
Weinstein noted inconsistencies in data retention, with one mid-sized cell phone company not keeping records, a cable Internet provider not tracking the Internet protocol addresses it assigns to customers and another only keeping them for seven days. Read more…
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