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31 December, 2010

Happy New Year!

Since I rarely post on weekends, let me take a moment to say Happy New Year!

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Today's Dollar Buys Less Than a Nickel’s Worth of Goods and Services in Woodrow Wilson’s Time



The Long Goodbye: The Declining Purchasing Power of the Dollar

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Ashton Kutcher Predicts Worthless Currency And Mass Panic, Recommends Getting As Buff As Possible

Ashton Kutcher Predicts Worthless Currency And Mass Panic, Recommends Getting As Buff As Possible: "Ashton Kutcher has an interesting theory about why you should get as fit as possible in 2011.

According to Kutcher, the apocalypse is coming.

Last year, if you'll remember, at the beginning of 2010, it was Barton Biggs who recommended people prepare for the apocalypse.

Our society has peaked, Biggs said, and the end of days, which is near, will bring nothing but crazy pillagers to your home to take everything you own.

Kutcher's theory is a lot more badass. The mass-panic he pictures is in the form of zero electricity, followed by pillagers and ... wild boar? (You'll have to read what he says.) To prepare for it, he's doing a crazy ultimate survival-style get-fit routine in case he has to fight off hordes of people (or father the next generation).

He also has updated the preparation tactics for the new year. Biggs' tips for 2010 were to buy a farmhouse and stock it with plenty of guns, seed fertilizer, wine, medicine, etc.

Kutcher's tips are to beef up. According to Just Jared, he told Men's Fitness that he's learning killer fighting if for nothing else than to protect the ones he loves for the worst case scenario..."


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Gulf CEO: Oil May Near $150 a Barrel by Summer

Gulf CEO: Oil May Near $150 a Barrel by Summer: "Crude oil’s price could soar to nearly $150 a barrel by summer, Joe Petrowski, chief executive of Gulf Oil and the Cumberland Gulf Group, told CNBC Thursday.

'If we’re not producing it domestically, because we’re trying to achieve administratively what we don’t seem to want to pass legislatively, and our imports are going down and demand’s up, it sets the stages,' he told CNBC.

'I think we'll be at $100 in the first quarter,' he added, 'and there’s one-in-four chance we’ll take out the $147 highs before Memorial Day'..."

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Former Prez of Shell Oil Sees $5 Gasoline by 2012

$5 for a gallon of gasoline in 2012 - Dec. 27, 2010: "The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.

In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases..."

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30 December, 2010

Should Have Been Carrying An Emergency Kit

Hundreds Spend Frigid Night on New York Subway Train: "It took hours for Christopher Mullen to get off a plane from sunny Cancun and on to a half-empty subway car, his only way home. It would be another eight hours and more - a night spent huddled under a thin blanket on the frigid, grungy car - before he could get off the A train.

His feet soaked to the bone, with no food, water and hardly any heat, Mullen and 400 others lived through a New York nightmare on an elevated subway track, one of hundreds of stories of hardship caused by the crushing snowstorm that dropped more than 2 feet of snow on the Northeast..."


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Water Chaos Affects Thousands in Northern Ireland

BBC News - Water chaos affects thousands in Northern Ireland: "Thousands of homes and businesses in Northern Ireland are still without water, some since before Christmas.

Northern Ireland Water said an unprecedented number of leaks caused by the thaw have been putting 'big pressure' on its systems.

It has warned the drought could last for several more days..."


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Bailed Out Banks on Brink of Bankruptcy — Again

Bailed Out Banks on Brink of Bankruptcy — Again: "About 100 banks bailed out by the government are teetering on the brink of bankruptcy again, The Wall Street Journal reports.

Based on a review of third-quarter results, 98 banks were battling weakening capital levels, mounting bad loans and heat from regulators, up from 86 in similar trouble in the second quarter.

The banks in question took more than $4.2 billion from the Treasury Department under the Troubled Asset Relief Program (TARP), which was created for healthy banks only..."

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Recession Creates Spike in Multifamily Households

Recession Creates Spike in Multifamily Households - NYTimes.com: "... In February, after being evicted from their Gainesville apartment, Holly, James, Madison and their good-natured pit bull, Caley, moved into a cramped bedroom in the house where Holly grew up. Neither of Madison’s parents had been able to find work for more than a year.

Of the myriad ways the Great Recession has altered the country’s social fabric, the surge in households like the Maggis’, where relatives and friends have moved in together as a last resort, is one of the most concrete, yet underexplored, demographic shifts..."


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29 December, 2010

Eating Well On $1 A Day

Eating Well On $1 A Day - Grocery Coupon Guide: "I was talking with my sister and explaining to her that with couponing, I think that I could live on $1 a day for food and have plenty to eat. She looked at me skeptically thinking that I was exaggerating.

'No, really, I could live on $1 a day and not be hungry,' I said.

'All you would eat is cereal and junk food,' she countered. That is not a healthy diet for a month.

'I think I could have a fairly healthy diet on $1 a day,' I replied. 'At least a lot healthier than you think.'

'Including fruits and veggies?' she asked, the skepticism in her voice coming through again.

'Including fruits and veggies,' I said.

'You couldn’t last a month,' she said sure of herself.

Thus the 'Eating Well on $1 A Day' challenge was born..."



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DIY Snow Tires for Your Bike


DIY snow tires for your bike | 22 Words

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More Dim Bulbs: California Banning 100-watt Incandescent Light Bulbs

More dim bulbs: California banning 100-watt incandescent light bulbs: "The state of liberal bastion, California, will start phasing out the 100-watt incandescent light bulb on Jan. 1, 2011. By the beginning of the year 2012, it will be gone from sale in stores. Specialty lights that use less than 40 watts and more than 150 watts, and three-way bulbs are exempt, but will later be required to use less energy.

California wants to get a head start in banning this bulb because they claim state regulations will reduce energy consumption.

Thanks to President George W. Bush for signing the Energy Independence and Security Act, incandescent light bulbs will be phased out of the entire country by 2014..."


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28 December, 2010

Coburn: Control Government Spending or Face 'Apocalyptic Pain'

Coburn: Control Government Spending or Face 'Apocalyptic Pain' - FoxNews.com: "'Apocalyptic pain' from an out-of-control debt could cause 18 percent unemployment and a massive contraction in the economy that would destroy the middle class, a leading Republican deficit hawk said in an interview that aired Sunday.

Sen. Tom Coburn, R-Okla., who recently issued a report on government waste, warned that the U.S. only has about three or four years to get its fiscal house in order or it could find itself facing austerity measures seen in Greece, Ireland, Spain, Portugal and earlier in Japan.

'The history of republics is they average 200 years of life. And they all fail in the history over fiscal matters. They rot from within before they collapse or are attacked,' Coburn told Fox News Sunday..."

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Blizzard Moves From U.S. to Canada, Sowing Chaos

Blizzard moves from US to Canada, sowing chaos - Yahoo! News: "A powerful blizzard paralyzed much of northeast America Monday shutting down New York airports and crippling ground transport, as huge snowfalls snarled plans for many holiday travelers.

The storm that started early Sunday began to abate Monday afternoon as blue skies finally reappeared, revealing a snow-and-ice encrusted region, deserted highways, stranded cars and stuttering public transport.

The National Weather Service said the storm was due to move fully north out of the area later on Monday and into Canada. The first blasts hit Canada early Monday, dealing the Atlantic coast there a dose of the same snow and gale force winds that pummeled the US northeast..."

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Winter Storm Wreaks Havoc on Travel; Airlines Cancel Hundreds of Flights

Winter Storm Wreaks Havoc on Travel; Airlines Cancel Hundreds of Flights - WSJ.com: "Heavy snow, high winds and low visibility left parts of the Northeast at a near standstill Monday, with thousands of flights canceled, rail service suspended or delayed and some major roads impassable.

Airlines scrambled to rebook thousands of passengers—more than 1,400 flights out of the New York City area's three major airports were canceled—but said they didn't expect normal service to resume until Tuesday.

John F. Kennedy International Airport, the top U.S. departure point for nonstop international flights, and LaGuardia remained closed Monday, as did New Jersey's Newark Liberty International Airport. Boston's Logan International Airport was open, but few flights were arriving or departing..."

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27 December, 2010

Tin Foil House: Russian Man Builds 2012 Doomsday Capsule


YouTube - Tin Foil House: Russian Man Builds 2012 Doomsday Capsule

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Solar Radio Doubles As USB Charging Multitool for Adventurers

Solar Radio Doubles As USB Charging Multitool for Adventurers: "Eton's Raptor doesn't know if it's a radio, a weather-gauge or a bottle opener. An inbuilt solar-panel charges the li-Ion battery, powers the AM/FM/digital tuner, and also juices-up your phone through the miniUSB port.

Planning an expedition through uncharted territory? You also get a compass, chronograph, altimeter and barometer to keep you on track and informed of atmospheric conditions. There's a clip for your utility belt and of course, it's rubberized for waterproofing and shock protection. There's even a line-input for amplifying your iPod, too.

And the feature you'll probably end up using the most? The bottle opener of course. On sale soon..."

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A Village Was Swallowed by the Earth

A village was swallowed by the earth: "It seems like a movie of Mark Robson (Earthquake, 1974), but at this time I write this post, a Colombian village, Gramalote in North Santander, is being swallowed by the earth. Another chapter of the tragic 2010 winter in Colombia. The minister of interior, German Vargas Lleras, visited the place of the disaster and sentenced that the town will disappeared in few hours. The 90 percent of its population has been evacuated and rescue teams try to recover official and historical documents from government buildings that were destroyed by the strain natural phenomenon.

Gramalote is a municipality of 918.942 inhabitants. It was founded in 1857 on a geological fault of the Eastern ranges of the Colombian Andes. Minister Vargas said to the media that the order to evacuate was followed quickly by the population, so there is not deadly victims. About four thousand inhabitants from the affected sectors of the town were located in special camps. The minister and a journalist of Caracol, Eduardo Galeano, reported that the buildings were falling like a house of cards.

Most of the houses of the town are damaged and others are already buried, said the minister, so in a couple of days Gramalote will cease to exist. A hill that is next to the town, is falling on it..."

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23 December, 2010

2010's World Gone Wild: Quakes, Floods, Blizzards

2010's world gone wild: Quakes, floods, blizzards - Bloomberg: "This was the year the Earth struck back.

Earthquakes, heat waves, floods, volcanoes, super typhoons, blizzards, landslides and droughts killed at least a quarter million people in 2010 — the deadliest year in more than a generation. More people were killed worldwide by natural disasters this year than have been killed in terrorism attacks in the past 40 years combined.

'It just seemed like it was back-to-back and it came in waves,' said Craig Fugate, who heads the U.S. Federal Emergency Management Agency. It handled a record number of disasters in 2010.

'The term '100-year event' really lost its meaning this year.'

And we have ourselves to blame most of the time, scientists and disaster experts say..."

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10 Trends for 2011 by Gerald Celente

10 Trends for 2011 by Gerald Celente: "After the tumultuous years of the Great Recession, a battered people may wish that 2011 will bring a return to kinder, gentler times. But that is not what we are predicting. Instead, the fruits of government and institutional action – and inaction – on many fronts will ripen in unplanned-for fashions.

Trends we have previously identified, and that have been brewing for some time, will reach maturity in 2011, impacting just about everyone in the world..."

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Debt Crisis Threatens to Bring Down 100 U.S. Cities

$2tn debt crisis threatens to bring down 100 US cities | Business | The Guardian: "More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.

Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.

'Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,' Whitney told the CBS 60 Minutes programme on Sunday night..."

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Oil Prices Climb Amid Cold Snap

Oil prices climb amid cold snap: "Crude oil prices advanced on Monday, as bitterly cold weather in Europe and the United States boosted expectations of rising heating fuel demand over the Christmas holiday period, analysts said.

Brent North Sea crude for delivery in February climbed 20 cents to 91.87 dollars a barrel in London trade.

New York's main contract, light sweet crude for January delivery, gained 29 cents to 88.31 dollars.

'Crude oil prices rose slightly higher ... as freezing conditions in Europe and the US northeast increased the demand for heating oil,' said analyst Myrto Sokou at the Sucden brokerage in London..."

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22 December, 2010

How to Survive the Collapse of America

Activist Post: How to Survive the Collapse of America: "It's a sure sign of the times that a book titled, How to Survive the End of the World as We Know It: Tactics, Techniques and Technologies for Uncertain Times becomes a National Bestseller. First printed a year after the October financial crash of 2008 when the world awoke to the fragility of the 'system,' author James Wesley, Rawles offers a pragmatic and thorough guide to survive other potentially more severe future crashes.

The book does not go into extended detail about what may trigger the breakdown of civilization, but uses its precious 316 pages to inform readers of how to prepare for nearly any disaster. Many survival books are great references to have in your library should a disaster take place, but this book is essential to read and implement well before disaster occurs..."

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10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching

10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching: "Selling government debt is a gigantic confidence game. For decades, investors all over the globe have gobbled up massive amounts of U.S. debt at incredibly low interest rates because they believed that it was a certainly that they would be paid back and be able to make a little bit of profit on top of it. Unfortunately, things have changed. Confidence is U.S. Treasuries is dying, and if confidence in U.S. government debt completely collapses at some point we could literally be looking at financial Armageddon. Why is that so? Well, when the world totally loses faith in U.S. Treasuries, interest rates on U.S. Treasuries will have to keep going up until enough investors are found to buy them. But much higher interest rates will mean much higher interest on the national debt and thus much higher federal budget deficits. That will erode confidence in U.S. Treasuries even further. In the end, a vicious cycle of eroding confidence and higher interest rates could ultimately lead to hyperinflation as the U.S. government and the Federal Reserve flood the system with endless amounts of paper money to try to keep the system solvent..."

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Doomsday for the U.S. Dollar

Doomsday for the US Dollar | Opinion Maker: "Paul Volcker is worried about the future of the dollar and for good reason. The Fed has initiated a program (Quantitative Easing) that presages an end to Bretton Woods 2 and replaces it with different system altogether. Naturally, that's made trading partners pretty nervous. Despite the unfairness of the present system–where export-dependent countries recycle capital to US markets to sustain demand—most nations would rather stick with the 'devil they know', then venture into the unknown. But US allies weren't consulted on the matter. The Fed unilaterally decided that the only way to fight deflation and high unemployment in the US, was by weakening the dollar and making US exports more competitive. Hence–QE2..."

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To Warm The Homeless, A Coat That's A Sleeping Bag

To Warm The Homeless, A Coat That's A Sleeping Bag : NPR: "If you look at a house under construction these days, you'll likely see Tyvek, a paper-thin, white insulating wrap. But in Detroit, an enterprising art student is using the plastic-like home insulation in a different way — to help homeless people stay warm.

The idea seems simple enough: Design a product that keeps the wind out and heat in. How about an inexpensive jacket that quickly turns into a warm sleeping bag? A casual review of this holiday's catalogs reveals no such product. Enter Veronika Scott, a student at the College for Creative Studies..."

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21 December, 2010

Millions Facing Fuel Rationing Over Christmas As Heating Oil Runs Low

Millions facing fuel rationing over Christmas as heating oil runs low - Telegraph: "As snow began falling again across the country, the Government confirmed that the situation could become “very serious,” with some households already facing waits of up to four weeks before they can receive supplies.

The Office of Fair Trading announced that it was monitoring allegations of price fixing among suppliers, as the average cost of a litre of oil leapt to more than 70p from just over 40p a month ago.

Around six per cent of households rely on heating oil, many in remote areas away from mains supplies. Six out 10 families in Northern Ireland, 505,000 homes, are dependent on oil deliveries.

There are another 828,000 users in England and 155,000 in Scotland. Figures are unavailable for Wales, but are likely to be significant due to the high levels of households outside of towns and cities.

Across the United Kingdom, a number of public bodies, including rural schools and hospitals, also depend on oil for heat..."


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Local Police Using High-Tech Spying Techniques


YouTube - Local Police Using High-Tech Spying Techniques

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U.S. Headed Down a Path of Destruction

U.S. Headed Down a Path of Destruction: "With gold consolidating and tremendous volatility in bonds King World News interviewed Michael Pento, Senior Economist at Europac. Regarding the US situation Pento stated, 'We had a chance in 2008 to de-leverage as a country, but we chose the easy path which was more debt and more inflation. The idea that we will ever be able to unwind this leverage without disastrous consequences is completely ridiculous. I wish I had better news, but unfortunately the central planners on the US side have sent this country down a path of destruction.'

Michael Pento continues:

'In the very short-term the recent rise in real interest rates is putting pressure on the precious metals sector. The selling of bonds came from an epiphany on the part of investors that we are not going to enter a deflationary cycle, which by the way I always thought was a specious argument.

However, in the longer-term in 2011 I expect the secular bull market in gold and silver to continue because the rise in nominal rates will be less than the increase in the rate of inflation'..."

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20 December, 2010

The 10 Things You Must Have in an Emergency Kit

The 10 Things You Must Have in an Emergency Kit: "There’s nothing scarier than being stranded on a dark, blistery night with nothing to keep you warm and full but your unheated car and a few crumbs left in a potato chip bag. Whether you’re dealing with a broken-down car or natural disaster, it’s important to keep an emergency kit around. Here are 10 things that you MUST keep in the kit to ensure your survival..."

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Food Prices Rise Sharply - and There's More to Come

Food prices rise sharply - and there's more to come: "For the first time since 2008, inflation is hitting consumers in the stomach.

Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.

Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year..."

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Droughts, Floods, Snow and Cold Hit Global Commodities

Droughts, floods, snow and cold hit global commodities: "Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans.

Australia typically ranks as second in the league of global sugar exporters after Brazil, but rains have forced its top sugar exporter Queensland Sugar Ltd (QSL) to consider buying raw sugar from its South American rival and from Thailand to keep up with its export commitments to sugar buyers.

Brazil, too has felt the impact of adverse weather conditions on its sugar operations. Dry weather has hurt yields and cut the volume of cane its crushers expect to process...

... Farmers across eastern Australia are assessing the impact of the wettest spring on record. The quality of the waterlogged wheat crop is suffering, and much of what is expected to be a record harvest has been downgraded from high-quality wheat used to make noodles in Asia and flat bread in the Middle East to grain fit for animal feed.

While Australia faces deluge in the east, in the west drought has cut the annual wheat yield by two-thirds to around 3 million tonnes..."

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The Dire Collapse Taking Place

The Dire Collapse Taking Place : Welcome To Jim Sinclair's MineSet: "My Dear Friends,

There is a dire collapse taking place below the radar screens of the public. The financial condition of the fellow states of a currency union is the most critical component of a common union currency’s value today. It is the challenged financial integrity of member states and their constituents, the cities, towns and villages that make up the state where risk is most prevalent.

The municipal bond market is today in a second freefall as such entities now are failing in paying their obligations to suppliers and services. In many instances the overdue payments are 6 to 9 months in arrears.

Simple common sense tells you that if suppliers and servicers cannot be paid, you cannot meet your interest due obligation to the bond funding upon which these constituents of the state depend..."

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Any Talk of Recovery Is False

Financial Data -- Including Unemployment Rate, GDP, And Retail Sales -- Show Economic Recovery Is Far Off | Markets | Minyanville.com: "Have you noticed the latest sound bites coming from the punditry in the corporate mainstream media? Here's the latest wisdom flowing from Wall Street, Washington DC, and mega corporations:


The economy is recovering and employment is growing.

Consumers are deleveraging, saving, and using cash for purchases.

Retailers are doing fantastic as consumers increase spending.



How can consumers be deleveraging, saving, and increasing spending at the same time? Let's examine the facts..."

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17 December, 2010

10 Cooking Staples That Can Outlast You

10 cooking staples that can outlast you | MNN - Mother Nature Network: "Now that the holiday season has begun, many people are making extensive grocery lists in preparation for parties, dinners and cookie swaps. But before you shop, Janice Revell, co-founder of StillTasty.com, says 'Look in your pantry and your cabinets and check whether the items really do need to go. You'll be shocked by what you really don't need to throw away.'

So before you throw out that years-old sugar or replace that bottle of vanilla that's been gathering dust, consult our list of 'forever foods.' You may be surprised how many of your kitchen staples have a shelf life of decades — even after they've been opened..."

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Want To Ruin Your Own Country? Assume Your Banks’ Liabilities

Gonzalo Lira: Want To Ruin Your Own Country? Assume Your Banks’ Liabilities: "Recently, I read up on how Iceland is doing—surprisingly well, actually. Unemployment is down, the Krona is going back up. Good balance of trade, good fiscal balance sheet. Quite the turnaround, after its troubles over the last couple of years—

—so then if Iceland is doing OK, why then are we in the hole that we’re in?


Why is the American economy slogging along? Why is Europe circling the drain? Why are the bond markets queasy as a patient with a low-grade malarial fever? Why is Ben Bernanke’s chin quivering and his voice quaking on 60 Minutes? (And by the way: Was that a terrifying spectacle or what?) Why has the conversation turned from bond market risk to sovereign debt risk? Why are commodities rising, equities moving jagged and irrational, and all of a sudden silver is now the new darling of the retail investor?..."


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Top 10 States People Are Fleeing

Top 10 States People Are Fleeing - Yahoo! Real Estate: "... At No.1 on our list, New York is expected to wave goodbye to 49,000 more people than it gains this year. The state has seen a steady loss of residents over the past five years, losing an average of 100,000 people per year. Karp explains that, because New York is a large state, it may report greater movement than others, but notes that population size is not the only reason residents are fleeing...

... The Prairie State came in at No. 2. Illinois is expected to lose 27,000 people this year, consistent with its average annual loss over the last five years. The losses are likely linked to the state's economy and tax structure. Job losses in manufacturing and industrial machinery are likely pushing people out of the state, Karp says, adding that state taxes have also been 'an issue' for many residents.

Midwestern states, in fact, are well-represented in the top-10 list. Nebraska (No. 4), Kansas (No. 5) and North Dakota (No. 9) are among the many central states projected to lose residents in 2010..."

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16 December, 2010

Warning: Muni Bond Chaos Imminent

Warning: Muni Bond Chaos Imminent: "Whenever folks from Washington or Wall Street try to persuade you that the Great Debt Crisis is now “over,” I suggest you shake their hands politely, usher them to the door, and tell them to never come back.

They didn’t see the crisis coming. And they have no idea when or how it might end.

The reality: We now have not one — but FOUR — sweeping debt crises striking at the same time..."

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Global Eruption Rocks the Sun

Global Eruption Rocks the Sun - NASA Science: "On August 1, 2010, an entire hemisphere of the sun erupted. Filaments of magnetism snapped and exploded, shock waves raced across the stellar surface, billion-ton clouds of hot gas billowed into space. Astronomers knew they had witnessed something big.

It was so big, it may have shattered old ideas about solar activity.

'The August 1st event really opened our eyes,' says Karel Schrijver of Lockheed Martin's Solar and Astrophysics Lab in Palo Alto, CA. 'We see that solar storms can be global events, playing out on scales we scarcely imagined before'..."

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Nouriel Roubini Sees ‘The Roots of the Next Crisis in the Current One’

Nouriel Roubini sees ‘the roots of the next crisis in the current one’ | Analysis & Opinion |: "Nouriel Roubini is #12 on on Foreign Policy’s list of the 100 Top Global Thinkers of 2010. Over the past few years, the economist at New York University says he’s been thinking most about why financial crises occur and whey they are occurring more frequently than we have expected.

Contrary to the conventional notion that crises are random and infrequent events, Roubini has been arguing for the better part of a decade that financial crises can be predicted based on macroeconomic and policy mistakes. In fact, they occur every few years in some country around the world, he says. Roubini characterizes these financial crises as a 'white swan' event. He emphasizes their regularity in his recent book Crisis Economics. Roubini says the pattern of crises is always the same: initially there is an economic boom, which drives up asset prices, leading to an excessive build-up of debt and leverage, which eventually leads to a downturn and then a market crash and bust..."


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Recession Lasting Until 2018 Is Worth Exploring

Business: Washington Post Business Page, Business News: "In an era where forecasts by permabears have gotten ample attention and vindication, few are as disturbing as this: a world recession until 2018.

It comes from Eisuke Sakakibara, Japan’s former top currency official. He is known as 'Mr. Yen' for his ability to move markets. Because Tokyo’s revolving-door politics often sends a new face to each Group of 20 meeting, he is one of the few Japanese constants in market circles. Traders may not know the latest finance minister’s name, but they know Sakakibara.

Japan is the master of muddling along, decade after decade, with little growth to show for it. And Sakakibara was a key player when Japan faced everything from the Asian crisis to Russia’s default to the onset of deflation to a banking collapse that saw the demise of Yamaichi Securities Co.

So, when an economist with Sakakibara’s background says 'the world is set for a long-term structural slump reminiscent of the 1870s' when average global annual growth was about 1 percent, I can’t help but listen. The reason for the slowdown? Governments are putting fiscal austerity ahead of restoring stable growth..."

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15 December, 2010

Risk of War Rising on Korean Peninsula

Mullen: Risk of War Rising on Korean Peninsula - FoxNews.com: "The top U.S. military officer said Monday that the danger of war or hostilities on the Korean peninsula is rising, as North Korea warned that cooperation between its southern neighbor and the United States could trigger a nuclear war.

Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, told troops in Baghdad that North Korea has upped the ante in its aggression against South Korea -- a pattern he said is tied to preparations for Kim Jong Il to pass power to his son..."


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In Mexico, a Legal Breakdown Invites Brutal Justice

In Mexico, a legal breakdown invites brutal justice: "In this dusty farm town, an hour south of the U.S. border, more than 40 people were abducted - one a week - in the first nine months of the year.

Then, on Sept. 21, the kidnappings stopped.

That was the day a gang of kidnappers with AK-47s burst into Lolo's seafood restaurant and tried to abduct the 17-year-old cashier. A mob of enraged residents chased down two of the teenage attackers and lynched them in a cotton field on the edge of town..."

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Detroit Is Halting Garbage Pickup, Police Patrols In 20% Of City: Expect Bankruptcy In 2011

Detroit Is Halting Garbage Pickup, Police Patrols In 20% Of City: Expect Bankruptcy In 2011: "Detroit has been bankrupt for years. It simply refuses to admit it. Detroit's schools are bankrupt as well. A mere 25% of students graduate from high school.

Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger.

In a futile attempt to stave off the inevitable one last time, Mayor Bing's latest plan is to cutoff city services including road repairs, police patrols, street lights, and garbage collection in 20% of Detroit..."

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The New Hungry: College-Educated, Middle-Class Cope With Food Insecurity

The new hungry: College-educated, middle-class cope with food insecurity - CNN.com: "Come Christmas dinner, Rolanda McCarty, a 36-year-old single mother, usually goes all out.

Her table last year featured a rosemary-and-oil rubbed turkey and a sweet ham. She prepared fresh collard greens according to her grandmother's recipe. The dessert -- a rich butter pound cake -- was made from scratch.

But after being laid off from her technical recruiting job in January because of the struggling economy, there will be no fancy holiday feast, no family members pouring into her downsized one-bedroom apartment. She will rely on what she has: canned vegetables and microwavable meals from her community food bank..."


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14 December, 2010

Glenn Beck Warns Of Food Riots, Martial Law & Gun Confiscations


YouTube - Glenn Beck Warns Of Food Riots, Martial Law & Gun Confiscations

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Why Use Gold As Money?

Activist Post: Why Use Gold As Money?: "History shows us that when countries use a valuable commodity for money they have zero or low inflation; zero or minor cycles of economic panic or depression; and more peace, liberty, and prosperity (smaller governments).

For example, the number of grams of gold needed to buy a barrel of oil has been very steady over the years. A key benefit of using gold as money is its value stability. Even better, Econ 101 tells us that a commodity such as gold in limited supply, and with increasing demand for it (growth of the economy), will APPRECIATE in value. This has huge importance because it kills the 'there is not enough gold' argument, and gives a positive incentive to save and avoid debt..."


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