Sunday, June 16, 2013
What does all this have to do with the FEMA camps that have erected all over the country or Obama's shift to focus on "homegrown terrorism" as stated in his National Security speech a couple of weeks back?
How do natural disasters affect banks? With over $220 trillion dollars in derivatives on the books of the big four banks in the US, just one bad bet could mean the end of FDIC and with the Cyrpus style bail-in legal framework in place in the Dodd Frank Act, we could all see our savings evaporate. What kind of civil unrest would that cause?
See this article:
In March, 's science advisers sent him a list of recommendations on climate change. No. 1 on the list: "Focus on national preparedness for climate change."
Now read this article:
Sunday, May 19, 2013
Mine is signature 113,188 on this Petition to Reinstate the Glass-Steagall Act http://t.co/WfxCB9q1as via @moveon #GlassSteagall
— Sarah Reynolds (@Sarah__Reynolds) July 7, 2013
— Sarah Reynolds (@Sarah__Reynolds) July 7, 2013
Despite all the tragedy filling the airwaves these days, there is a glimmer of hope. After many years of obvious deception, fraud, and blatant theft both by investment and commercial bankers, lawyers, and accountants, there could be a restoration of the banking sector to its original purpose and scale.
Paving the Way for Economic Crises
Since 1999, banks have been allowed to use commercial deposits and assets as fuel for securities trading on the derivatives market. Because commercial and speculative assets are so heavily comingled, the government is forced to protect the assets of banks making risky bets through near perpetual bailouts and purchasing of toxic debt. It was the derivatives bubble that blew up the system and bankrupted the US banks in the 2007-2008 crash.
Restoring Proper Financial Regulation
Glass-Steagall forces separation of commercial from investment banks, it ends Too Big To Fail, bars government bailouts, and will stop the onset of hyperinflation.
Specifically, the draft legislation has four components:
1. Commercial Banking institutions have one year to divest themselves of all non-commercial banking units, with no cross management or ownership between commercial and non-commercial units.
2. Commercial Banks are barred from using more than 2% of its capital for the creation, sale, or distribution of securities (certain bank-qualified securities are exempted)
3. Prevents Commercial Banks from loaning their commercial deposits into such vehicals as would support the creation and circulation of securities.
4. No securities of low or potentially low value can be placed by a bank into its insured commercial bank units. * Adds provision stating Glass-Steagall is the preeminant regulator of the banks, limiting banks from putting its depositors and shareholders at risk.
If you need more details on the Glass-Steagall Act of 1933 and why it is important to restore, watch this video. Max Keiser is an excellent financial news reporter that does not hold back any punches for any banker fraud and conspiracy.
And in case you need still more reason to support restoring Glass-Steagall, hear what Elizabeth Warren has to say about it. Remember she was warning us all of the impending doom from 2005-2008 as the housing bubble and financial crisis was bubbling.
If you want to know more about who was responsible for repealing Glass-Steagall, watch this video and look to Alan Greenspan.
Thursday, September 8, 2011
Friday, May 27, 2011
Peak oil and the Fall of the Soviet Union: Lessons on the 20th Anniversary of the Collapse
Read more at www.theoildrum.com
Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However, a more plausible explanation is the decline in Soviet oil production caused by peak oil. This gives the world an example of a modern economy confronted by peak oil and what lessons we can learn from it.
Its happening. The fallout of the financial crisis of 2008 is finally unfolding around the world. Expect to see 3-10 EU nations default by December 2011
“BDO’s cozy relationship with the Stanford Financial Group
was steeped in conflicts of interest and required ongoing
deception and duplicitous manipulation of the facts to enable
the Ponzi scheme to grow exponentially for over a decade,”
investors said in the complaint. “The result is the loss of
thousands of investors’ life savings.”
Read more at www.bloomberg.com
Stanford Investors Sue Former Auditor BDO US for $10.7 Billion Over Fraud
Tuesday, May 24, 2011
Beyond Peak Oil
Read more at www.beyondpeak.com
Hemp vs. Marijuana
- Hemp and marijuana are varieties of the Cannabis sativa plant.
- They're both illegal to grow in the United States, although hemp products are legal.
- Both have similar aromas when in bloom.
- Smoking marijuana makes the user high. Smoking hemp doesn't. (Hemp contains less than 1 percent of the active ingredient THC, marijuana has 10 to 20 percent.)
- Marijuana plants tend to be short and bushy, hemp can be as high as 25 feet tall.
- Marijuana can be used to smoke or eat. Hemp can be used to produce more than 25,000 products.
Wednesday, May 18, 2011
Great News: US Manufacturing Wages Will Be Lower Than China's in 5 yrs @collapse #peakoil @chrislhayes @maddow
Really? The BCG study suggests that US manufacturing workers are 3x more productive than China's, that their wages are growing rapidly, and that companies are opening plants in the US because labor is so cheap.
Chinese manufacturing cant grow 17% a year for 5 yrs without ENERGY and we understand that China is facing the worst energy crisis ever.
So where will the US get all the natural resources and steel needed to manufacture goods? Especially with oil costing more than $120 a barrel?
Ok, here is the jobs plan from US politicians.
Oh, but wait it also says this: If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
That means US Sweat Shops Likely - productivity means more hours, no unions, no healthcare, etc. USD drops and thats good for us! Yahoo.
A key factor in the U.S. manufacturing resurgence comes from labor productivity, which is more than 3x that of China. With the wages in China growing at a much higher rate than in the U.S. the productivity advantage is drawing domestic production back home, especially for the "more sophisticated" producrs mentioned in the FT article.
Among the U.S. corporations mentioned by the FT which have announced plans for major investments in new U.S. manufacturing are Caterpillar, General Electric and Ford. In the first quarter of 2011 manufacturing production in the U.S. rose by 9.1% (annual rate), making it the fastest growing segment in the U.S. economy.
On May 5, as discussed at GEI Analysis by Steven Hansen, The BLS (Bureau of Labor Statistics) reported an unexpected drop in labor productivity growth. Productivity is a key component of the projections for manufacturing reported in this news brief. If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.
The BCG study says that Chinese manufacturing wage costs seem likely to rise 17 per cent a year in the next five years, compared with only 3 per cent a year in the US.Read more at econintersect.com
Friday, April 22, 2011
This is a great film that should be understood by most and should not be construed as the liberal media agenda. National Geographic should be a trusted source of what's going on in the world.
National Geographic: Collapse
Read more at movies.netflix.com
This National Geographic production looks ahead to a bleak hypothetical future, in which our civilization has completely collapsed. In the year 2210, a team of scientists set out to learn exactly what took down our seemingly indestructible society. Did we make the same mistakes the Romans, Incas and Mayans did that led to the collapse of their empires, or did a whole new set of circumstances lead to our downfall?
Thursday, April 21, 2011
Oil and gas companies that refuse to accept the finiteness of the resources they plunder are making every effort to stall the transition to renewables. What they fail to realize is that stalling with mean their demise will come even faster.
See Michael Ruppert's "Collapse"
Thursday, April 14, 2011
So this farmer says he is beholden to oil (fertilizer) and oil / pharma (drugs) and he is against all those that live off of government aid.
I am a rancher and produce enough beef to feed approximately 6,000 people. But having to do that without cheap fuel, fertilizer, and life-saving drugs for the cattle, I will produce much less. But protein is one of the necessities needed to survive and something the pioneers treasured. If you succeed and prosper as our great country makes its comeback, you will have moved up the ladder of social and economic ranking. Survival of the fittest, and we will be rid of all those who live off of government aid. So don’t be caught with just a lot of gold and silver when the collapse comes. Sell some and buy the tools you will need to survive so you can use the metals latter when civilization returns.
The ‘How’ of a Collapse Is Not Our Only Concern