Archive
IMF Prepares For “Threat To International Monetary System”
Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.” Little did we know that our conclusion “something big must be coming” would prove spot on just a month later after Greece, then Ireland, then Portgual, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: “something bigger must be coming.” As if the IMF’s trillions in open lending facilities (many of which have recently been adjusted to uncapped) were not enough, we now learn that the world lender of last resort (which in theory is the Fed, but apparently Bernanke has been getting a little Read more…
EXTREME WEATHER AND EARTHQUAKE DANGER IMMINENT around 23rd-27th March warns Piers Corbyn
The very active solar region which emerged from the SE limb of the sun on the morning of 21st March is crackling with dangerous activity including extreme UV radiation and up to 50Mev proton bursts and its appearance along with other active regions on the sun fits our WeatherAction.com long-range WARNING for significant weather extremes and earthquakes in the period around 23rd-27th March, issued during February.
WATCH SOLAR ACTION DEVELOP…
Solar activity details: http://spaceweather.com/archive.php?month=03&day=21&year=2011&view=view ( = http://bit.ly/h13CuA use forward button to get to next day) and http://www.lmsal.com/solarsoft/latest_events/ 2nd graph down purple blip is 50Mev. The other levels are different colours. Notice 1Mev is staying high on 22nd also. Note the Spaceweather link already shows a solar wind stream from a coronal hole will hit Earth 23/24th March, the newly reported activity on the sun will lead to earth hits following that. Solar wind hit 527km/sec – that’s fast on 23rd March. Geomagnetic Activity – should increase in 23-27th periods – See http://www.swpc.noaa.gov/rt_plots/kp_3d.html
We warned of these dangers – with weather event detail for USA, West Europe, Australia, New Zealand Read more…
Portugal’s Government May Collapse Before EU Summit
In a report published by Reuters, the Portuguese parliament is expected to reject government austerity measures on Wednesday, which could lead to the collapse of the minority Socialist administration one day before the EU summit.
The country’s Prime Minister, Jose Socrates, has declared that he will resign if the plan is defeated, due to the fact that its rejection would force debt-ridden Portugal to seek a similar international bailout to Greece and Ireland.
If Socrates stands by his word, then he appears to be heading for the exit door as all opposition parties have proposed resolutions calling for the rejection of the measures, which would look to cut the debt by reducing pensions and state spending.
The main opposition is the Social Democrats, and the party has already begun talking about a snap election. When asked if it is likely that the government will step down, Socialist bench leader in parliament Francisco Assis said that, “If all these positions that now seem irreversible are confirmed, then yes.”
“The prime minister does not want to resign, but he cannot govern against his convictions,” Assis said.
Pimco Buying Emerging Market ‘Rising Stars’ as Inflation Looms
March 21 (Bloomberg) — Pacific Investment Management Co. says investors should buy company debt in Russia, Brazil and other emerging markets where rising wages and relatively low public and private debt will help borrowers weather accelerating inflation.
The manager of the world’s biggest bond fund is buying debt of “rising stars” linked to nations with expanding wealth because they will more easily be able to pass on higher materials costs, Mark Kiesel, Pimco’s global head of corporate bond portfolio management, wrote in a report today on the firm’s website. At the same time, he’s avoiding companies dependent on growth in Europe, the U.S. and Japan that will struggle amid stagnant wages and debt-laden governments and consumers.
“Companies which are tied most directly into the strong economic growth engine in the emerging markets should have the most pricing power and ability to either pass through rising costs or absorb them without a significant margin hit,” Kiesel wrote. Those more Read more…
High seismic activity will last 10 years – seismologist
The magnitude-9.0 earthquake in Japan was one of the major events in the natural cycle of the planet’s seismic activity, Evgeny Rogozhin, deputy director of the Institute of Physics of the Earth of the Russian Academy of Sciences told RT.
RT: You have made some controversial predictions in terms of future earthquakes. What exactly are they and what are they based on?
Evgeny Rogozhin: I think that there is no direct connection between the earthquake in Japan and earthquakes that could happen on our territory. But this latest is one of the major events in the chain of earthquakes that recently happened on the planet. You all remember the earthquake on Sumatra in 2004. It was a major earthquake – magnitude 9.5. It was huge. Major loss of life, tsunami, etc. Then there were a number of other earthquakes – in India, where people also died, in China with the magnitude 8 and finally, in Chile last year – 8.8. And now this earthquake in Japan with a magnitude unheard of before in this country – 9.
As you can see the process is taking place in different places on Earth. What does our country look like in this respect? In the last 15 years or so we’ve had about 15 major earthquakes in Read more…
‘The West is to be forgotten. We will not give them our oil’ – Gaddafi
This is just the first step in a long line for the US on not receiving any oil that is pumped from any country in the Middle East resulting in third world status. Lindsey Williams mentioned it on the Alex Jones Show almost a month ago.
http://rt.com/news/libya-oil-gaddafi-arab/
Libyan leader Muammar Gaddafi dismissed his Western partners in an exclusive interview to RT, saying he will give all the country’s oil contracts to Russia, China and India.
“We do not believe the West any longer, that is why we invite Russian, Chinese and Indian companies to invest in Libya’s oil and construction spheres” Gaddafi told RT in an exclusive interview about how he sees the current situation in Libya and the international reaction to events there.
“He condemned the Western powers, saying Germany was the only country with a chance of doing business with Libyan oil in the future. “We do not trust their firms – they took part in the conspiracy against us.”
The Libyan leader also added that as far as he is concerned, the Arab League has ceased to exist since it stood up against his country.
According to Gaddafi, the recent upheavals in his country were a “minor event” planned by Al Qaeda that will soon end.
Meanwile, Libyan Deputy Foreign Minister Khaled Kaim promised that Libya will honor Read more…
The Causes of Rising Food Prices
Food prices are rising quickly around the world. Part of the problem is weather. The winter wheat crop in China has been poor. Australia has suffered floods, while Russia has undergone a drought. The earthquake and tsunami in Japan, no doubt, will hammer the very intensive agricultural production of the limited arable land on that archipelago. Weather-related agricultural problems, however, balance out fairly quickly. Mythical “global warming” aside, weather has ups and downs, and farmers, who are smart folks, take that into account. The Soviet Union, whose vassal state the Ukraine was once one of the best farmlands on earth, never managed to feed its people well, because a communist-controlled economy destroys Read more…
Nuclear nightmare: Japanese reactor meltdown could propel ‘death cloud’ to US West Coast
Some Japanese officials have admitted that Tokyo Electric’s Fukushima Dai-Ichi atomic reactor No. 1 may experience a total meltdown. That disaster would be followed by the release of a deadly radioactive death cloud that would drift over the Pacific and poison the people of the U.S. West Coast.
A worried Nuclear and Industrial Safety Agency spokesman Yuji Kakizaki warned:“If the fuel rods are melting and this continues, a reactor meltdown is possible,” Kakizaki said.
A core meltdown of the nuclear pile occurs from an intense build-up of heat Read more…
Soros: Communist Chinese Model Of Order May Become “The Envy Of The World”
Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.
Soros told the exclusive Travellers Club, that “China’s model of state capitalism, in which the interests of the individual are subordinated to those of the government, poses a danger if its example becomes“the envy of the world.”
“Perfect order and global governance are not realistic expectations.” Read more…
People Of Earth: Prepare For Economic Disaster
It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe. The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst. In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly. Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food. But now the price of oil and the price of food are both increasing dramatically. So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents? How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent? For decades, most of the major economies around the globe have been able to 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.