Thursday, May 12, 2011
IMF bombshell: Age of America nears end Commentary: China’s economy will surpass the U.S. in 2016
By Brett Arends, MarketWatch
This column has been updated to include a reaction from the IMF.
BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
IMF sees China topping U.S. in 2016
According to the latest IMF official forecasts, China's economy will surpass that of America in real terms in 2016 — just five years from now. Brett Arends looks at the implications for the U.S. dollar and the Treasury market. And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Put that in your calendar.
It provides a painful context for the budget wrangling taking place in Washington right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
More China news: U.S., China to hold economic talks in early May, Shanghai hit by tightening, China 2011 trade surplus may shrink to 2% of GDP
According to the IMF forecast, which was quietly posted on the Fund’s website just two weeks ago, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.
Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.
But they’re miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates.
That’s a largely meaningless comparison in real terms. Exchange rates change quickly. And China’s exchange rates are phony. China artificially undervalues its currency, the renminbi, through massive intervention in the markets.
The comparison that really matters
In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
Just 10 years ago, the U.S. economy was three times the size of China’s.
Naturally, all forecasts are fallible. Time and chance happen to them all. The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt.
TODAY'S TOP INVESTING TIPS | Options screener
Reuters Roubini questions optimism on earnings
So far, he says, profits are faring well. From here on, though, challenges may grow stiffer.
• Sell riskiest investments, Grantham urges
• Navigating small businesses' rough ride
• A strong case t be made for U.S. Steel
• Decipher, don't dump, proxy statements
145580 Reuters So far, he says, profits are faring well. From here on, though, challenges may grow stiffer.
• Sell riskiest investments, Grantham urges
• Navigating small businesses' rough ride
• A strong case t be made for U.S. Steel
• Decipher, don't dump, proxy statements
This is more than a statistical story. It is the end of the Age of America. As a bond strategist in Europe told me two weeks ago, “We are witnessing the end of America’s economic hegemony.”
We have lived in a world dominated by the U.S. for so long that there is no longer anyone alive who remembers anything else. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back.
And both those countries live under very similar rules of constitutional government, respect for civil liberties and the rights of property. China has none of those. The Age of China will feel very different.
14 signs that the collapse of our modern world has already begun
(NaturalNews) A lot of people believe the world as we know it is going to end on December 23, 2012. Nonsense, I say. The far more honest answer is that the end of the world as we know it has already begun. And it doesn't mean the end of the world; it means the closing of one era and the birth of a new one. It is a transition between the ages. This particular transition, however, promises to be the most tumultuous and costly transition humankind has ever seen.
But don't wait around for December 2012 to look for the signs. Here are 14 signs that the world as we know it is unraveling right now. We are living through the end of one era and the birth of a new one. In the future, they'll look back and call this all one moment in history, but when you're living through it, it seems to move forward at almost a snail's pace. But make no mistake: We are living through the opening chapters of the end of the world as we know it, and on the other side of all this will emerge a new world that's very different from the one we know today.
#1 - Tornadoes, hurricanes, earthquakes and tsunamis - At first it seemed like a fluke; but now it's a pattern. The weather is becoming increasingly extreme. Over 120 tornadoes recently struck the U.S. Midwest. Texas is on fire and suffering through an extreme drought. And where there aren't fires and droughts, there are floods. This is only the beginning... watch for more freak weather over the next 18 months.
#2 - The silence of the bees - Colony Collapse Disorder continues to accelerate across North America. We already know it's being caused in part by chemical pesticides (and possibly worsened by GMOs), but the chemical industry is engaged in a full-on cover-up to deny this truth while the pollinators of our world suffer a devastating population collapse. (http://www.naturalnews.com/028218_p...)
#3 - The failure of nuclear science - The Fukushima catastrophe proves one thing: Scientists are dangerously arrogant in their planning of large-scale projects, and they fail to account for the awesome power of Mother Nature. Nuclear science promised us clean, green energy -- but now it has delivered a silent, invisible poison that's infecting our planet.
#4 - The vicious pursuit of Wikileaks - In an age of such rampant deceit, there is no room for the truth. So those who tell the truth (Wikileaks) are viciously pursued as if they were criminals.
#5 - The rise of the medical police state - The armed SWAT raids on Maryanne Godboldo in Detroit are only the beginning (http://www.naturalnews.com/032091_M...). The truth is that the medical system uses guns to force its vaccines and chemotherapy onto children and teens across America. The medical system has become so utterly useless, corrupt and dangerous that it must actually invoke guns in peoples' faces just to "convince" people to take its medicine. This is a gunpoint-enforced medical monopoly that exists as a threat to our health and our freedoms.
#6 - The increasing frequency of food shortages and crop failures - Notice the spike in food prices? That's just the beginning: Food prices will continue to skyrocket in the years ahead due to extreme weather, the loss of pollinators and the global contamination of crops by GMOs. Real food is becoming increasingly scarce in our world. You might want to think about starting a home garden...
#7 - The runaway destruction of the world by energy companies - The radioactive fallout from Fukushima isn't the only way in which energy companies are destroying our world: Don't forget about the Deepwater Horizon and the massive oil spill in the Gulf of Mexico -- a spill that isn't over, by the way. They're still spraying Corexit in the Gulf one year later!
#8 - The continued GMO contamination of our planet - This may be the worst chapter in the coming collapse: The widespread genetic pollution of our planet through GMOs. This is a crime against nature and against humanity. It is a "gene spill" that may never be contained as it spreads its deadly DNA across the world's food crops, leading to crop failures and starvation (http://www.naturalnews.com/032167_g...). The use of GMOs is the closest thing to "Satanic" that you'll find in modern agriculture. The agenda behind this is pure evil.
#9 - The tyranny and criminal crackdowns targeting real food (raw milk) - When you can't even sell honest farm food to your neighbors without being targeted and arrested by the cops, something is terribly wrong with the world. But this is happening today, all across America. Now the feds are even targeting the Amish! (http://www.naturalnews.com/029322_r...)
#10 - The escalation of the counterfeiting of the money supply - In a failed economic system approaching collapse, the moronic leaders can only think of "solutions" that actually accelerate their own downfall. The runaway counterfeiting of money by the Federal Reserve (with its "quantitative easing" and other counterfeit methods) is a classic sign that the end of our current system is fast approaching. The economic insanities are obvious to anyone who can still do math.
#11 - The plummeting intelligence of the masses - One of the most disturbing signs that we're already in the collapse is the great dumbing-down of the masses. The drooling, CNN-watching television zombies who dominate our landscape offer absolutely nothing of value to the world. They are the "mindless consumers" who get vaccinated, watch television and eat processed, pasteurized junk food. They're on psychiatric meds and believe everything the government tells them. Most of these people, of course, won't make it through the collapse.
#12 - The complete and utter fabrication of the mainstream news - Much of the mainstream news is now utterly and completely fabricated these days: The reporting on Obama's long-form birth certificate; the news about the war in Libya; the coverage of the economy and the U.S. debt... it's all so utterly false and unbelievable that an intelligent person watching the news can't help but explode with laughter. It is a sign of this collapse that the information sources relied upon by the masses are unable to report the truth anymore and must resort to weaving politically expedient fictions on everything from health care and medicine to the fate of the U.S. dollar itself.
#13 - The ongoing pharmaceutical pollution of our world - Beyond the GMO contamination and the radiation contamination of our world, we are also experiencing the mass pharmaceutical contamination of our planet. It's not just the pharma factories that dump their products into the rivers (http://www.naturalnews.com/025415_w...); it's also the fact that well over half the population is now taking drugs almost daily, and those drugs pass right through their bodies and end up in the water supply where they contaminate the fish (http://www.naturalnews.com/025933.html). Even beyond that, the drugs end up in the human sewage sludge that's packaged and sold as "organic soil!" (http://www.naturalnews.com/029504_o...)
#14 - The radioactive contamination of the global food supply - Here's one that's really insidious: The global food supply is now contaminated with the radioactive fallout from Fukushima. We're told the levels are "low," but we're not told the truth of how radioactive cesium isotopes persist in the food supply for centuries. How is the human race going to survive its exposure to CT scans, radioactive food, chest X-rays, TSA body scanners and even the secret DHS mobile X-ray vans that can penetrate your body with X-rays as you're walking into a football stadium? The total radiation burden on the human race is now reaching a point of mass infertility. That may be the whole idea, actually.
Think about what's happening around you these days. These are the signs of the last, desperate clutches of a civilization built on utterly unsustainable practices that don't value life on our world. These are the End Times of the corporate oligarchy; the monopolistic for-profit corporation machine that destroyed everything in our world in exchange for a slightly higher quarterly earnings report.
In the quest for more money, humanity has sacrificed its food supply, its pollinators, it's oceans, forests and soils. Greed-driven humans have used other humans as medical experiments and cannon fodder. We have created wars to sell more bombs, and we've invented disease to sell psychiatric chemicals.
These are the practices of a failed civilization... and one whose days are numbered. Watching it all crumble is far more interesting than watching it continue its destructive ways, of course, because those of us paying attention realize a future civilization must rise up in the place of this one after the collapse.
Because, let's face it: The root cause of most these problems that are bringing down our world right now is bad government. It is bad government (Big Government) that approved the GMOs. Bad government enforced the medical monopoly and allowed the pesticides to kill the honeybees. Bad government drove us into inescapable debt and costly foreign wars. Bad government outlawed health freedom and protected the monopolistic practices of the food companies, drug companies and chemical companies.
The downfall of modern human civilization is, as you probably guessed, also the downfall of the very idea that Big Government creates a better society. Because if there's one idea that needs to stay dead after the collapse, it's the idea that We the People somehow need another group of people (government workers) to live off our hard work while hounding us with their false authority, directing every little detail of our lives.
What we need in our world isn't more government, but more freedom. If we had freedom, integrity and personal responsibility, we wouldn't even be facing the global collapse that has already begun. But alas, the human race is an infant species and it must learn some lessons the hard way, it seems.
This lesson should be long remembered: If you let the corporations, the banks and the governments run your economies, your farms and your lives, they will enslave you and steal your future while you sleep; they will inject silent poisons into the very world around you until you awaken one day to find that all you created has been destroyed. They will promise you paradise but deliver only death. Beware of any entity that is not a living person -- no government, no institution, no corporation has a soul, nor a heart, nor a conscience. They are forces of organized destruction that decimate those things we hold dear while delivering to us things that will only enslave us or harm us.
Beware the corporation; the government; the non-profit institution working as a front group for private industry. Never allow yourself to be ruled over by any institution which exists only as a fictional construct organized from the projection of human greed.
And be ready for the acceleration of the collapse. Because if you are reading this, you are the future of the human race. You have a duty to stay alive, keep your genes intact, and be around to help create the Next Society after this one crumbles into history.
But don't wait around for December 2012 to look for the signs. Here are 14 signs that the world as we know it is unraveling right now. We are living through the end of one era and the birth of a new one. In the future, they'll look back and call this all one moment in history, but when you're living through it, it seems to move forward at almost a snail's pace. But make no mistake: We are living through the opening chapters of the end of the world as we know it, and on the other side of all this will emerge a new world that's very different from the one we know today.
#1 - Tornadoes, hurricanes, earthquakes and tsunamis - At first it seemed like a fluke; but now it's a pattern. The weather is becoming increasingly extreme. Over 120 tornadoes recently struck the U.S. Midwest. Texas is on fire and suffering through an extreme drought. And where there aren't fires and droughts, there are floods. This is only the beginning... watch for more freak weather over the next 18 months.
#2 - The silence of the bees - Colony Collapse Disorder continues to accelerate across North America. We already know it's being caused in part by chemical pesticides (and possibly worsened by GMOs), but the chemical industry is engaged in a full-on cover-up to deny this truth while the pollinators of our world suffer a devastating population collapse. (http://www.naturalnews.com/028218_p...)
#3 - The failure of nuclear science - The Fukushima catastrophe proves one thing: Scientists are dangerously arrogant in their planning of large-scale projects, and they fail to account for the awesome power of Mother Nature. Nuclear science promised us clean, green energy -- but now it has delivered a silent, invisible poison that's infecting our planet.
#4 - The vicious pursuit of Wikileaks - In an age of such rampant deceit, there is no room for the truth. So those who tell the truth (Wikileaks) are viciously pursued as if they were criminals.
#5 - The rise of the medical police state - The armed SWAT raids on Maryanne Godboldo in Detroit are only the beginning (http://www.naturalnews.com/032091_M...). The truth is that the medical system uses guns to force its vaccines and chemotherapy onto children and teens across America. The medical system has become so utterly useless, corrupt and dangerous that it must actually invoke guns in peoples' faces just to "convince" people to take its medicine. This is a gunpoint-enforced medical monopoly that exists as a threat to our health and our freedoms.
#6 - The increasing frequency of food shortages and crop failures - Notice the spike in food prices? That's just the beginning: Food prices will continue to skyrocket in the years ahead due to extreme weather, the loss of pollinators and the global contamination of crops by GMOs. Real food is becoming increasingly scarce in our world. You might want to think about starting a home garden...
#7 - The runaway destruction of the world by energy companies - The radioactive fallout from Fukushima isn't the only way in which energy companies are destroying our world: Don't forget about the Deepwater Horizon and the massive oil spill in the Gulf of Mexico -- a spill that isn't over, by the way. They're still spraying Corexit in the Gulf one year later!
#8 - The continued GMO contamination of our planet - This may be the worst chapter in the coming collapse: The widespread genetic pollution of our planet through GMOs. This is a crime against nature and against humanity. It is a "gene spill" that may never be contained as it spreads its deadly DNA across the world's food crops, leading to crop failures and starvation (http://www.naturalnews.com/032167_g...). The use of GMOs is the closest thing to "Satanic" that you'll find in modern agriculture. The agenda behind this is pure evil.
#9 - The tyranny and criminal crackdowns targeting real food (raw milk) - When you can't even sell honest farm food to your neighbors without being targeted and arrested by the cops, something is terribly wrong with the world. But this is happening today, all across America. Now the feds are even targeting the Amish! (http://www.naturalnews.com/029322_r...)
#10 - The escalation of the counterfeiting of the money supply - In a failed economic system approaching collapse, the moronic leaders can only think of "solutions" that actually accelerate their own downfall. The runaway counterfeiting of money by the Federal Reserve (with its "quantitative easing" and other counterfeit methods) is a classic sign that the end of our current system is fast approaching. The economic insanities are obvious to anyone who can still do math.
#11 - The plummeting intelligence of the masses - One of the most disturbing signs that we're already in the collapse is the great dumbing-down of the masses. The drooling, CNN-watching television zombies who dominate our landscape offer absolutely nothing of value to the world. They are the "mindless consumers" who get vaccinated, watch television and eat processed, pasteurized junk food. They're on psychiatric meds and believe everything the government tells them. Most of these people, of course, won't make it through the collapse.
#12 - The complete and utter fabrication of the mainstream news - Much of the mainstream news is now utterly and completely fabricated these days: The reporting on Obama's long-form birth certificate; the news about the war in Libya; the coverage of the economy and the U.S. debt... it's all so utterly false and unbelievable that an intelligent person watching the news can't help but explode with laughter. It is a sign of this collapse that the information sources relied upon by the masses are unable to report the truth anymore and must resort to weaving politically expedient fictions on everything from health care and medicine to the fate of the U.S. dollar itself.
#13 - The ongoing pharmaceutical pollution of our world - Beyond the GMO contamination and the radiation contamination of our world, we are also experiencing the mass pharmaceutical contamination of our planet. It's not just the pharma factories that dump their products into the rivers (http://www.naturalnews.com/025415_w...); it's also the fact that well over half the population is now taking drugs almost daily, and those drugs pass right through their bodies and end up in the water supply where they contaminate the fish (http://www.naturalnews.com/025933.html). Even beyond that, the drugs end up in the human sewage sludge that's packaged and sold as "organic soil!" (http://www.naturalnews.com/029504_o...)
#14 - The radioactive contamination of the global food supply - Here's one that's really insidious: The global food supply is now contaminated with the radioactive fallout from Fukushima. We're told the levels are "low," but we're not told the truth of how radioactive cesium isotopes persist in the food supply for centuries. How is the human race going to survive its exposure to CT scans, radioactive food, chest X-rays, TSA body scanners and even the secret DHS mobile X-ray vans that can penetrate your body with X-rays as you're walking into a football stadium? The total radiation burden on the human race is now reaching a point of mass infertility. That may be the whole idea, actually.
It's accelerating, too
December, 2012 may be a useful date as some sort of mid-point in the crisis, or perhaps as a trigger date for some further acceleration of society's rapid unraveling. But make no mistake: We are already living in the collapse of our modern world. And you have a front-row seat! (Exciting, huh?)Think about what's happening around you these days. These are the signs of the last, desperate clutches of a civilization built on utterly unsustainable practices that don't value life on our world. These are the End Times of the corporate oligarchy; the monopolistic for-profit corporation machine that destroyed everything in our world in exchange for a slightly higher quarterly earnings report.
In the quest for more money, humanity has sacrificed its food supply, its pollinators, it's oceans, forests and soils. Greed-driven humans have used other humans as medical experiments and cannon fodder. We have created wars to sell more bombs, and we've invented disease to sell psychiatric chemicals.
These are the practices of a failed civilization... and one whose days are numbered. Watching it all crumble is far more interesting than watching it continue its destructive ways, of course, because those of us paying attention realize a future civilization must rise up in the place of this one after the collapse.
Say goodbye to the false power of institutions
It would be nice if our future leaders remembered the importance of liberty and personal responsibility, of course. The answer to all the world's problems, it turns out, is freedom -- freedom in medicine, freedom in economics and freedom from government tyranny.Because, let's face it: The root cause of most these problems that are bringing down our world right now is bad government. It is bad government (Big Government) that approved the GMOs. Bad government enforced the medical monopoly and allowed the pesticides to kill the honeybees. Bad government drove us into inescapable debt and costly foreign wars. Bad government outlawed health freedom and protected the monopolistic practices of the food companies, drug companies and chemical companies.
The downfall of modern human civilization is, as you probably guessed, also the downfall of the very idea that Big Government creates a better society. Because if there's one idea that needs to stay dead after the collapse, it's the idea that We the People somehow need another group of people (government workers) to live off our hard work while hounding us with their false authority, directing every little detail of our lives.
What we need in our world isn't more government, but more freedom. If we had freedom, integrity and personal responsibility, we wouldn't even be facing the global collapse that has already begun. But alas, the human race is an infant species and it must learn some lessons the hard way, it seems.
This lesson should be long remembered: If you let the corporations, the banks and the governments run your economies, your farms and your lives, they will enslave you and steal your future while you sleep; they will inject silent poisons into the very world around you until you awaken one day to find that all you created has been destroyed. They will promise you paradise but deliver only death. Beware of any entity that is not a living person -- no government, no institution, no corporation has a soul, nor a heart, nor a conscience. They are forces of organized destruction that decimate those things we hold dear while delivering to us things that will only enslave us or harm us.
Beware the corporation; the government; the non-profit institution working as a front group for private industry. Never allow yourself to be ruled over by any institution which exists only as a fictional construct organized from the projection of human greed.
And be ready for the acceleration of the collapse. Because if you are reading this, you are the future of the human race. You have a duty to stay alive, keep your genes intact, and be around to help create the Next Society after this one crumbles into history.
Radiation from Fukushima - Map from Norwegian Institute of Air Research
From: transport.nilu.no
Full mid levels of Cesium , Xenon, and Iodine.. particulate matter, in the cloud vapor from surface level to 5000m (15,000 feet) ..
It is up to you to decide how you want to approach this data.
Personally, I believe it to be IN THE PRECIPITATION for sure.. which means you do not want to get the rain or snow on you, and do not want to injest the fluid.. (i.e. drink the water) until levels deminish.
Read more: Radiation Spreads throughout the Northern Hemisphere
Full mid levels of Cesium , Xenon, and Iodine.. particulate matter, in the cloud vapor from surface level to 5000m (15,000 feet) ..
It is up to you to decide how you want to approach this data.
Personally, I believe it to be IN THE PRECIPITATION for sure.. which means you do not want to get the rain or snow on you, and do not want to injest the fluid.. (i.e. drink the water) until levels deminish.
Read more: Radiation Spreads throughout the Northern Hemisphere
Nuclear plant workers release unknown amount of radioactive tritium into Mississippi River
by Ethan A. Huff | NaturalNews.com
Workers at the Grand Gulf Nuclear Plant in Port Gibson, Miss., last Thursday released a large amount of radioactive tritium directly into the Mississippi River, according to the US Nuclear Regulatory Commission (NRC), and experts are currently trying to sort out the situation. An investigation is currently underway to determine why the tritium was even present in standing water found in an abandoned unit of the plant, as well as how much of this dangerous nuclear byproduct ended up getting dumped into the river. Many also want to know why workers released the toxic tritium before conducting proper tests.
The Mississippi Natchez Democrat reports that crews first discovered the radioactive water in the plant’s Unit 2 turbine building after heavy rains began hitting the area last week. Unit 2 was a partially-constructed, abandoned structure that should not have contained any radioactive materials, let alone tritium, which is commonly used to manufacture nuclear weapons and test atomic bombs (http://www.nirs.org/radiation/triti...).
According to reports, alarms began to go off as workers were releasing the radioactive storm water into the river, which engaged the stop flow on the release pump. Neither NRC nor plant officials know how much tritium was released into the river during this release.
"Although concentrations of tritium exceeded EPA drinking water limits, the release should not represent a hazard to public health because of its dilution in the river," insisted Lara Uselding, public affairs officer at NRC Region IV, to reporters.
Read the full article at: naturalnews.com
Workers at the Grand Gulf Nuclear Plant in Port Gibson, Miss., last Thursday released a large amount of radioactive tritium directly into the Mississippi River, according to the US Nuclear Regulatory Commission (NRC), and experts are currently trying to sort out the situation. An investigation is currently underway to determine why the tritium was even present in standing water found in an abandoned unit of the plant, as well as how much of this dangerous nuclear byproduct ended up getting dumped into the river. Many also want to know why workers released the toxic tritium before conducting proper tests.The Mississippi Natchez Democrat reports that crews first discovered the radioactive water in the plant’s Unit 2 turbine building after heavy rains began hitting the area last week. Unit 2 was a partially-constructed, abandoned structure that should not have contained any radioactive materials, let alone tritium, which is commonly used to manufacture nuclear weapons and test atomic bombs (http://www.nirs.org/radiation/triti...).
According to reports, alarms began to go off as workers were releasing the radioactive storm water into the river, which engaged the stop flow on the release pump. Neither NRC nor plant officials know how much tritium was released into the river during this release.
"Although concentrations of tritium exceeded EPA drinking water limits, the release should not represent a hazard to public health because of its dilution in the river," insisted Lara Uselding, public affairs officer at NRC Region IV, to reporters.Read the full article at: naturalnews.com
German Central Bank Admits that Credit is Created Out of Thin Air
From: georgewashington2.blogspot.com
Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many times more than they actually have in reserves.
But very few people - with the exception of those in the banking industry and financial experts - know where credit really comes from.
Germany's central bank - the Deutsche Bundesbank (German for German Federal Bank) - has admitted in writing that banks create credit out of thin air.
As the Bundesbank states in a publication entitled "Money and Monetary Policy" (pages 88-93; translation provided by Google translate, but German speaker and economic writer Festan von Geldern confirmed the basic translation)
Private banks don't make loans because they have extra deposits lying around. The process is the exact opposite:
Of course, as I pointed out Tuesday, Bernanke is pushing to eliminate all reserve requirements in the U.S. If Bernanke has his way, American banks won't even have to borrow from the Fed or other banks after the fact to have reserves. Instead, they can just enter into as many loans as they want and create endless money out of thin air (within Basel I and Basel II's capital requirements - but since governments are backstopping their giant banks by overtly and covertly throwing bailout money, guarantees and various insider opportunities at them, capital requirements are somewhat meaningless).
The system is no longer based on assets (and remember that the giant banks have repeatedly become insolvent) It is based on creating new debts, and then backfilling from there.
It is - in fact - a monopoly system. Specifically, only private banks and their wholly-owned central banks can run printing presses. Governments and people do not have access to the printing presses (with some limited exceptions, like North Dakota), and thus have to pay the monopolists to run them (in the form of interest on the loans).
See this and this.
At the very least, the system must be changed so that it is not - by definition - perched atop a mountain of debt, and the monetary base must be maintained by an authority that is accountable to the people.
Here's a translation by Scott A:
Money Creation by Banks
Money comes into existence through "money creation". Both state central banks as well as private commercial banks are able to create money. In the Euro-system, money comes into existence primarily through the origination of loans, and additionally through the acquisition of assets by central or commercial banks, such as gold, foreign currencies, real estate or securities. When the central bank extends a loan to a commercial bank and credits the amount to the [commercial] bank's account at the central bank, then "central bank money" comes into existence. Commercial banks need this in order to fulfill their fractional reserve requirements, to satisfy the demand for cash, and for their payments transactions.
Money Creation by Commercial Banks
>> Commercial banks create money through loan originations <<
Commercial banks can also create money - so-called fiat money. The process of money creation by commercial banks can be explained by the associated bookkeeping entries: When a commercial bank extends a loan to a customer, the bank makes an entry for a credit claim against the customer on the assets side of its balance sheet, for, say, 100,000 Euros. The bank simultaneously credits 100,000 Euros to the customer's checking [OR: current] account, which is entered on the liabilities side of the bank's balance sheet. This credit entry increases the deposits in the customer's account. Money comes into existence, which increases the money supply.
Fiat money created in this manner can be used by the bank to purchase goods and to pay for services. At first glance one might think that the loan customer has become richer via this creation of money. However, this is not the case, as the customer's increased balance which was created by the borrowing is offset by an obligation in an equal amount, namely the requirement to pay back the loan. In addition, the customer must continually pay interest.
The requirement to pay interest provides a strong incentive to take out a loan only in such cases where the associated resource is actually necessary. For a business, this means that what it does with the loan has to be productive, so that it's able to realize a return which at least covers the interest expense. The origination of loans and the associated creation of money lead in this way to investments, increased production, and the creation of economic value. However, this value creation is not attributable to the money creation act itself, but rather to the productive, value-creating usage of the loan, motivated by the interest.
Loan originations and fiat money creation increase the assets and liabilities of both the borrower and the commercial bank by the exact same amounts. And the bank also does not make a profit through the act of fiat money creation considered in and of itself. But the bank does earn a commission from the loan as well as from the continual interest income. This potential for profit is offset, however, by the risk that the customer might not pay back the loan. Then the bank suffers a loss. This risk provides an incentive for the bank to exercise caution when originating loans and creating fiat money. Once created, money circulates in the economy. Either it flows from account to account, when for example payments are made via transfers. Or it is withdrawn in cash from the account and then goes from hand to hand in the form of banknotes and coins. If the loan is paid off and not replaced by a new one, then the money created by it is withdrawn from circulation. In industry jargon, this is referred to as "money destruction".
Limits to Money Creation
>> The central bank can influence the volume of loan origination and money creation <<
The above description could give the impression that commercial banks have the ability to create an infinite amount of money. If that were actually the case, then it could have an inflationary effect. For this reason, the central bank exerts some control over the volume of loan origination and money creation: it requires the commercial banks to maintain fractional reserves. To illustrate this concept, the simple example from the preceding section will be continued (in reality loan originations are a bit more complicated): if the commercial bank has increased its customer deposits by 100,000 Euros by means of the loan origination, then it must also increase its fractional reserve deposits at the central bank. Since the fractional reserve rate in the Euro-system is currently 2 percent, in this case the commercial bank needs an additional 2,000 Euros in central bank money.
Commercial banks can typically create central bank money only by having a loan extended to them from the central bank. Commercial banks must pay interest to the central bank on these loans. If the central bank increases the interest rate - the "prime rate" - then the central banks in turn generally raise the interest rates on the loans which they themselves originate. This leads to an overall increase in the level of interest rates. This, however, has a tendency to dampen the demand from businesses and households for loans. By raising or lowering the prime rate, the central bank can thereby exert an influence on the economy's demand for loans - and also on loan origination and money creation.
Commercial banks need central bank money not only for their fractional reserves, but also to cover the cash needs of their customers. Every customer can have his bank account deposit paid out in cash. If banks' cash holdings become tight, then only the central bank can take remedial action - as only it is authorized to put additional banknotes into circulation: from the central bank to the commercial banks, and from them to the bank customers.
Central bank money is additionally used for the settlement of non-cash payments transactions. If a customer transfers money from his account to a customer at another bank, this often leads to a situation where the sending bank must transfer central bank money to the receiving bank. Central bank money then moves from one bank to another.
...
Commercial banks can use their surplus central bank money to originate additional loans to businesses and households. As described above, the origination of additional loans gives rise to an additional need for central bank money - which in this special situation of great uncertainty among banks can be covered by the excess liquidity already in existence. Overabundant provision of liquidity relieves a bank from the considerations it would otherwise normally make about HOW MUCH CENTRAL BANK MONEY IT WILL NEED *AFTER* ORIGINATING LOANS, how it should be obtained, and at what cost. With the help of the so-called money creation multiplier, it's possible to estimate how big the potential for additional loan originations is. [emphasis added]
Source: georgewashington2.blogspot.com
Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many times more than they actually have in reserves.
But very few people - with the exception of those in the banking industry and financial experts - know where credit really comes from.
Germany's central bank - the Deutsche Bundesbank (German for German Federal Bank) - has admitted in writing that banks create credit out of thin air.
As the Bundesbank states in a publication entitled "Money and Monetary Policy" (pages 88-93; translation provided by Google translate, but German speaker and economic writer Festan von Geldern confirmed the basic translation)
4.4 Creation of the banks money
Money is created by "money creation". Both [central banks] and private commercial banks can create money. In the euro monetary system [money creation] arises mainly through the granting of loans, as well as the fact that central banks or commercial banks to buy assets such as gold, foreign currencies, real estate or securities. If the central bank granted a loan from a commercial bank and crediting the amount in the account of the bank at the central bank, created “central bank money.”***
Money creation by commercial banksIn other words, money is created as book-entry by purchasing assets or entering credits on the left side of the balance-sheet and corresponding deposits on the right side. In other words, credit is created out of thin air.
The commercial banks can create money itself, the so-called bank money. The money creation process through which commercial banks can be explained by the related postings: If a commercial bank to a customer a loan, they booked in its balance sheet as an asset against a loan receivable the client - for example, 100,000. At the same time, the bank writes down the customer's checking account, which is run on the liabilities of the bank's balance sheet, 100,000 euros good. This credit increases the deposits of customers on its current account - it creates deposit money, which increases the money supply.
Frontiers of money creationAs I've previously pointed out, the Federal Reserve is taking the same tack, creating conditions that guarantee that American banks will have huge excess reserves so as to prevent inflation. Back to the publication:
The above description might leave the impression that the commercial banks are able to draw an infinite amount of money in bank accounts. If this were really so, this could be inflationary. The central bank therefore takes effect on the extent of lending and money creation. It requires commercial banks to hold the reserve.
Central banks, commercial banks can typically obtain only by the fact that the central bank granted them credit. For these loans, commercial banks have to pay the central bank interest rate. Increase this rate, the central bank, the "prime rate", the commercial banks usually raise their part, the rates at which they lend themselves. There will be a general rise in interest rates. This, however, dampens the tendency of businesses and households, the demand for loans. By raising or lowering the key interest rate the central bank can thus influence the business sector demand for credit - and thus on Lending and bank money creation.Do you get it now?
The commercial banks need central bank money to cover not only for the reserve, but also to the cash needs of its customers. Each bank customer may be credit in the bank account into cash to pay off. If the stocks of the banks in cash to be in short supply, the central bank can create only remedy. Because only they are permitted to bring additional notes in circulation. To meet the cash needs of its clients, the commercial bank must therefore include, where appropriate, with the central bank for a loan. This leads to the creation of central bank money. The so-purchased assets for central bank money can pay off the commercial bank in cash let. Thus, the cash is in circulation: from the central bank to commercial banks and from these to the bank customers.
Central Bank money is also to cover the non-cash payments are required: a customer transfers money from its credit to a customer at another bank, this results in many cases led to the sending bank central bank needs to transfer money to the receiving bank. The central banks then moves from one bank to another.
***
The commercial banks can use the surplus of central bank money and to award additional credits to businesses and households. As previously described, arises from the award of additional credits additional demand for central bank money - which can be covered in this special situation of great uncertainty among banks by the existing excess liquidity. The abundant supply of liquidity relief, a bank that wants to provide a loan, from the traditional consideration of how much money they need after the award of credit is, how it is constituted, and at what cost. Using the so-called money creation multiplier can be estimated how large the potential for additional Credit limit is.
Private banks don't make loans because they have extra deposits lying around. The process is the exact opposite:
(1) Each private bank "creates" loans out of thin air by entering into binding loan commitments with borrowers (of course, corresponding liabilities are created on their books at the same time. But see below); thenIt's not just Bernanke ... the central banks and their owners - the private commercial banks - have been running the printing presses for hundreds of years.
(2) If the bank doesn't have the required level of reserves, it simply borrows them after the fact from the central bank (or from another bank);
(3) The central bank, in turn, creates the money which it lends to the private banks out of thin air.
Of course, as I pointed out Tuesday, Bernanke is pushing to eliminate all reserve requirements in the U.S. If Bernanke has his way, American banks won't even have to borrow from the Fed or other banks after the fact to have reserves. Instead, they can just enter into as many loans as they want and create endless money out of thin air (within Basel I and Basel II's capital requirements - but since governments are backstopping their giant banks by overtly and covertly throwing bailout money, guarantees and various insider opportunities at them, capital requirements are somewhat meaningless).
The system is no longer based on assets (and remember that the giant banks have repeatedly become insolvent) It is based on creating new debts, and then backfilling from there.
It is - in fact - a monopoly system. Specifically, only private banks and their wholly-owned central banks can run printing presses. Governments and people do not have access to the printing presses (with some limited exceptions, like North Dakota), and thus have to pay the monopolists to run them (in the form of interest on the loans).
See this and this.
At the very least, the system must be changed so that it is not - by definition - perched atop a mountain of debt, and the monetary base must be maintained by an authority that is accountable to the people.
Here's a translation by Scott A:
Money Creation by Banks
Money comes into existence through "money creation". Both state central banks as well as private commercial banks are able to create money. In the Euro-system, money comes into existence primarily through the origination of loans, and additionally through the acquisition of assets by central or commercial banks, such as gold, foreign currencies, real estate or securities. When the central bank extends a loan to a commercial bank and credits the amount to the [commercial] bank's account at the central bank, then "central bank money" comes into existence. Commercial banks need this in order to fulfill their fractional reserve requirements, to satisfy the demand for cash, and for their payments transactions.
Money Creation by Commercial Banks
>> Commercial banks create money through loan originations <<
Commercial banks can also create money - so-called fiat money. The process of money creation by commercial banks can be explained by the associated bookkeeping entries: When a commercial bank extends a loan to a customer, the bank makes an entry for a credit claim against the customer on the assets side of its balance sheet, for, say, 100,000 Euros. The bank simultaneously credits 100,000 Euros to the customer's checking [OR: current] account, which is entered on the liabilities side of the bank's balance sheet. This credit entry increases the deposits in the customer's account. Money comes into existence, which increases the money supply.
Fiat money created in this manner can be used by the bank to purchase goods and to pay for services. At first glance one might think that the loan customer has become richer via this creation of money. However, this is not the case, as the customer's increased balance which was created by the borrowing is offset by an obligation in an equal amount, namely the requirement to pay back the loan. In addition, the customer must continually pay interest.
The requirement to pay interest provides a strong incentive to take out a loan only in such cases where the associated resource is actually necessary. For a business, this means that what it does with the loan has to be productive, so that it's able to realize a return which at least covers the interest expense. The origination of loans and the associated creation of money lead in this way to investments, increased production, and the creation of economic value. However, this value creation is not attributable to the money creation act itself, but rather to the productive, value-creating usage of the loan, motivated by the interest.
Loan originations and fiat money creation increase the assets and liabilities of both the borrower and the commercial bank by the exact same amounts. And the bank also does not make a profit through the act of fiat money creation considered in and of itself. But the bank does earn a commission from the loan as well as from the continual interest income. This potential for profit is offset, however, by the risk that the customer might not pay back the loan. Then the bank suffers a loss. This risk provides an incentive for the bank to exercise caution when originating loans and creating fiat money. Once created, money circulates in the economy. Either it flows from account to account, when for example payments are made via transfers. Or it is withdrawn in cash from the account and then goes from hand to hand in the form of banknotes and coins. If the loan is paid off and not replaced by a new one, then the money created by it is withdrawn from circulation. In industry jargon, this is referred to as "money destruction".
Limits to Money Creation
>> The central bank can influence the volume of loan origination and money creation <<
The above description could give the impression that commercial banks have the ability to create an infinite amount of money. If that were actually the case, then it could have an inflationary effect. For this reason, the central bank exerts some control over the volume of loan origination and money creation: it requires the commercial banks to maintain fractional reserves. To illustrate this concept, the simple example from the preceding section will be continued (in reality loan originations are a bit more complicated): if the commercial bank has increased its customer deposits by 100,000 Euros by means of the loan origination, then it must also increase its fractional reserve deposits at the central bank. Since the fractional reserve rate in the Euro-system is currently 2 percent, in this case the commercial bank needs an additional 2,000 Euros in central bank money.
Commercial banks can typically create central bank money only by having a loan extended to them from the central bank. Commercial banks must pay interest to the central bank on these loans. If the central bank increases the interest rate - the "prime rate" - then the central banks in turn generally raise the interest rates on the loans which they themselves originate. This leads to an overall increase in the level of interest rates. This, however, has a tendency to dampen the demand from businesses and households for loans. By raising or lowering the prime rate, the central bank can thereby exert an influence on the economy's demand for loans - and also on loan origination and money creation.
Commercial banks need central bank money not only for their fractional reserves, but also to cover the cash needs of their customers. Every customer can have his bank account deposit paid out in cash. If banks' cash holdings become tight, then only the central bank can take remedial action - as only it is authorized to put additional banknotes into circulation: from the central bank to the commercial banks, and from them to the bank customers.
Central bank money is additionally used for the settlement of non-cash payments transactions. If a customer transfers money from his account to a customer at another bank, this often leads to a situation where the sending bank must transfer central bank money to the receiving bank. Central bank money then moves from one bank to another.
...
Commercial banks can use their surplus central bank money to originate additional loans to businesses and households. As described above, the origination of additional loans gives rise to an additional need for central bank money - which in this special situation of great uncertainty among banks can be covered by the excess liquidity already in existence. Overabundant provision of liquidity relieves a bank from the considerations it would otherwise normally make about HOW MUCH CENTRAL BANK MONEY IT WILL NEED *AFTER* ORIGINATING LOANS, how it should be obtained, and at what cost. With the help of the so-called money creation multiplier, it's possible to estimate how big the potential for additional loan originations is. [emphasis added]
Source: georgewashington2.blogspot.com
Follow The Alexander Higgins Blog on Twitter Alexander Higgins Alexander Higgins Blog The Latest Buzz, Analysis, and News Without the Snooze! * Home * Headlines * Authors * About * Subscribe, Friend or Follow * Advertise * Headlines * Member Submitted * Projects * The Alexander Higgins Show * Uncategorized * Web Development Email Subscription Comments Posts Head Of CIA – Reports Obama Watched Bin Laden Die Are Lies, Admits NO LIVE VIDEO FOOTAGE of Assassination Raid
By Alexander Higgins:
The head of the CIA admitted yesterday that there was no live video footage of the raid on Osama bin Laden’s compound as further doubts emerged about the US version of events, basically proving several days of news reports were lies.
For days now several officials inside the US Government and several corporate media outlets have reported that President Obama and other US officials watched live video footage of the Osama Bin Laden assassination raid inside the situation room at the White House.
Yes, the stories we have been hearing for days, lies. The dramatic media reports, told over and over again in graphic detail to make it sink into our heads that Bin Laden has finally been killed, nothing more than sick imagination of those writing the script for this massive propaganda piece.
That’s correct, newspeak right out of a chapter of Orwell’s 1984. All lies planted into our high by a lying federal government. Obama and all of the other officials who told all of our corporate media outlets they watch live video of Osama Bin Laden being assassinated, an intriguing story that never happened.
Was staged!
Bottom line here is either this entire raid never happened, they didn’t kill Osama Bin Laden, or the US Seals killed Osama and the other alleged “terrorists” at the scene in some manner so hideous that politicians and bureaucrats in this photo are afraid will come out and be tied to them. For example, not one wants to be party to having a building full of “alleged terrorists” surrendering and then taking them down stairs in front of a group of woman and children were they were executed on the order of the President or some other high level official in the room.
Yet this is exactly the scenario that Bin Laden’s 12-year-old daughter, who was in the Bin Laden compound during the raid, has told news reporters happened. She says the US Navy Seals captured Osama Bin Laden alive and then later executed him in front of his entire family. Looking at the photos of the other dead “terrorists” on the scene it appears every one of dead men was bleeding from the back of their heads like they were forced onto their knees and shot execution style.
Most in the CT crowd think this never even happened in the first place and it is all one big psych op because OBL was killed years ago.
The idea that this never happened makes some sense here as well. Why would all of the officials in the photo above allow newspapers to run stories for days stating they were watching a live video feed when they never were? Why?
See Also:
For days now several officials inside the US Government and several corporate media outlets have reported that President Obama and other US officials watched live video footage of the Osama Bin Laden assassination raid inside the situation room at the White House.
Several Sources and News Organizations Reported Obama Watched Live Video Of The Bin Laden Raid From The White House Situation Room
Obama Watched Bin Laden Die On Live Video As Shoot-out beamed to White House
Obama Watched Him Die
All of those stories — LIES! CIA Chief Admits There Was NO Live Video Footage Of Osama Bin Laden Compound Raid
The head of the CIA who was responsible for delivering the live video feed to the White House situation room admitted in a PBS interview there was no live footage of the raid.The Head Of The CIA Admitted yesterday there was no video footage of the raid
That’s correct, newspeak right out of a chapter of Orwell’s 1984. All lies planted into our high by a lying federal government. Obama and all of the other officials who told all of our corporate media outlets they watch live video of Osama Bin Laden being assassinated, an intriguing story that never happened.
So, the story about watching a live feed in this photo was a total lie, and this photo…Osama bin Laden dead: Blackout during raid on bin Laden compound
The head of the CIA admitted yesterday that there was no live video footage of the raid on Osama bin Laden’s compound as further doubts emerged about the US version of events.
By Steven Swinford 10:25PM BST 04 May 2011
Leon Panetta, director of the CIA, revealed there was a 25 minute blackout during which the live feed from cameras mounted on the helmets of the US special forces was cut off.
A photograph released by the White House appeared to show the President and his aides in the situation room watching the action as it unfolded. In fact they had little knowledge of what was happening in the compound.
In an interview with PBS, Mr Panetta said: “Once those teams went into the compound I can tell you that there was a time period of almost 20 or 25 minutes where we really didn’t know just exactly what was going on. And there were some very tense moments as we were waiting for information.
“We had some observation of the approach there, but we did not have direct flow of information as to the actual conduct of the operation itself as they were going through the compound.”
Mr Panetta also told the network that the US Navy Seals made the final decision to kill bin Laden rather than the president.
[...]
“To be frank, I don’t think he had a lot of time to say anything. It was a firefight going up that compound. And by the time they got to the third floor and found bin Laden, I think it – this was all split-second action on the part of the Seals.”
The President only knew the mission was successful after the Navy Seals commander heard the word “Geronimo” on the radio, a code word from commandos reporting that they had killed bin Laden.
[...]
[...] According to Pakistani authorities one of bin Laden’s daughter’s, who was present during the raid, claimed that her father was captured alive before he was killed.
There was also growing doubt about the US claims that Pakistan’s intelligence agencies involved in the raid.
Lieutenant General Asad Durrani, former head of the ISI, Pakistan’s intelligence service, said it was “inconceivable” that his government was unaware of the US raid on Osama bin Laden’s compound.
He claimed his country was forced to deny any knowledge of the raid to avoid a domestic backlash. [...]
[...]
Lieutenant General Durrani, however, said that the denial was a “political” maneuver by the intelligence services to avoid claims that they were working too closely with the US.
[...]
Source:Telegraph
Was staged!
Bottom line here is either this entire raid never happened, they didn’t kill Osama Bin Laden, or the US Seals killed Osama and the other alleged “terrorists” at the scene in some manner so hideous that politicians and bureaucrats in this photo are afraid will come out and be tied to them. For example, not one wants to be party to having a building full of “alleged terrorists” surrendering and then taking them down stairs in front of a group of woman and children were they were executed on the order of the President or some other high level official in the room.
Yet this is exactly the scenario that Bin Laden’s 12-year-old daughter, who was in the Bin Laden compound during the raid, has told news reporters happened. She says the US Navy Seals captured Osama Bin Laden alive and then later executed him in front of his entire family. Looking at the photos of the other dead “terrorists” on the scene it appears every one of dead men was bleeding from the back of their heads like they were forced onto their knees and shot execution style.
Most in the CT crowd think this never even happened in the first place and it is all one big psych op because OBL was killed years ago.
The idea that this never happened makes some sense here as well. Why would all of the officials in the photo above allow newspapers to run stories for days stating they were watching a live video feed when they never were? Why?
See Also:
- Numerous “Oddities” In Osama Bin Laden Compound Photos and Videos
- More Alleged Photos Of The Osama Bin Laden Compound – Warning Graphic Photos Of Dead Bodies
- 12 Year Old Daughter Says Osama Bin Laden Captured Alive Then Executed In Front Of Family
- Osama Bin Laden Compound Raid – Exclusive Videos And Photos Live Inside The Kill Site
- 9/11/01 – WTC Hard Drives Show $100 Million In Criminal Credit Transfers Before Towers Fell
- Bin Laden Body Disappears As Media Questions Whereabouts And Other discrepancies In Feds’ Story
- Al-Qaeda terrorists have threatened to unleash a “nuclear hellstorm” on the West if Osama Bin Laden is caught or assassinated
- Live Blog — Obama Got Osama – Breaking News: Feds Finally Admit Osama Bin Laden Is Dead – Assassination Confirmed By DNA Test
- Five Suspected Terrorists Arrested Near UK Nuke Plant As World On High Terror Alert Following Bin Laden Assassination
- Photos And Video Of Reported Downed “Black Hawk” Helicopter Wreckage At The Alleged Osama Bin Laden Compound
FEMA to confiscate food from local farms in emergencies?
(NaturalNews) - Since our nation's founding the federal government has, in times of emergency, claimed extra-constitutional powers and authority. Under the guise of acting in the public's best interests, Washington has taken away privacy rights, free speech, and habeas corpus, among others. There's no reason to think it wouldn't happen again.
With that in mind, would it surprise you to find out that if disaster strikes in your part of the country, the federal government is prepared to take over local food supplies, in part by confiscating farms?
It shouldn't, says "Farmer Brad," a Texas-based farmer who said in an interview about food security with Mike Adams for Natural News TV that during Hurricane Katrina, an inventory of local farms and what they produced was conducted by the Federal Emergency Management Agency.
"FEMA was doing an inventory of all the farms around ... metroplexes," he said, which included nearby Houston and other large cities. "They started calling up farms and wanted to know where farms were, and they were being prepared to maybe take food if they need to, from farms, you know, for a crisis like that."
Brad, of HomeSweetFarm.com, said that while the agency didn't come right out and say they would confiscate crops and cattle, "they were making food assessments, you know, what is in the local food shed in a metroplex."
He said the agency's assessment took into account a number of potential emergencies and disasters, including spikes in fuel prices or even sudden disruptions - anything that might hinder or prevent the delivery of food to stores. Such scenarios would also lead to dramatic increases in food prices as well, Brad said.
"The distribution system for food is so fragile, you know, and there's only enough food in these grocery stores to last, literally, for just a couple of days," he said, noting that store shelves during Katrina were stripped bare "within hours."
Worse, Brad said, because of mass evacuations from the big cities, traffic choked local roads, making even short-distance travel impossible. He said he and his family couldn't even get into town to go to the store.
"We heard all kinds of stories from our local residents about what it was like - people camping out in the Walmart parking lot; grocery stores were empty; food wasn't coming in," he said. "We had people from 90 miles away from Houston and some other metroplexes coming into our town because we were one of the few that still had gas."
Brad said that FEMA didn't send agents to farms but made phone calls instead asking, "what are you producing, how much land do you have, wanting to get the details of the local food sheds in the area." He said he and local farms were voluntarily providing the information but that the food security aspect of the questions made them all "a little suspicious."
As people flee the large cities, Brad says most of them will be unprepared and that his farm - through theft or through confiscation - will likely be "wiped out."
With that in mind, would it surprise you to find out that if disaster strikes in your part of the country, the federal government is prepared to take over local food supplies, in part by confiscating farms?
It shouldn't, says "Farmer Brad," a Texas-based farmer who said in an interview about food security with Mike Adams for Natural News TV that during Hurricane Katrina, an inventory of local farms and what they produced was conducted by the Federal Emergency Management Agency.
"FEMA was doing an inventory of all the farms around ... metroplexes," he said, which included nearby Houston and other large cities. "They started calling up farms and wanted to know where farms were, and they were being prepared to maybe take food if they need to, from farms, you know, for a crisis like that."
Brad, of HomeSweetFarm.com, said that while the agency didn't come right out and say they would confiscate crops and cattle, "they were making food assessments, you know, what is in the local food shed in a metroplex."
He said the agency's assessment took into account a number of potential emergencies and disasters, including spikes in fuel prices or even sudden disruptions - anything that might hinder or prevent the delivery of food to stores. Such scenarios would also lead to dramatic increases in food prices as well, Brad said.
"The distribution system for food is so fragile, you know, and there's only enough food in these grocery stores to last, literally, for just a couple of days," he said, noting that store shelves during Katrina were stripped bare "within hours."
Worse, Brad said, because of mass evacuations from the big cities, traffic choked local roads, making even short-distance travel impossible. He said he and his family couldn't even get into town to go to the store.
"We heard all kinds of stories from our local residents about what it was like - people camping out in the Walmart parking lot; grocery stores were empty; food wasn't coming in," he said. "We had people from 90 miles away from Houston and some other metroplexes coming into our town because we were one of the few that still had gas."
Brad said that FEMA didn't send agents to farms but made phone calls instead asking, "what are you producing, how much land do you have, wanting to get the details of the local food sheds in the area." He said he and local farms were voluntarily providing the information but that the food security aspect of the questions made them all "a little suspicious."
As people flee the large cities, Brad says most of them will be unprepared and that his farm - through theft or through confiscation - will likely be "wiped out."
Here Comes Elenin - By Dr. Mark Sircus, Ac., OMD, DMP
Big seems to be the appropriate word for we now have the first actual astronomical calculations that puts the coma (the part they can see is 50,000 miles in diameter. Yes a big rock!
“On April 8th at our Russian observatory we carried out planned observations of Comet C/2010 X1 (Elenin). An analysis of the results of the observations shows a rapid growth of the coma. Besides the internal compact gas envelope, the forming rarified external coma is also visible in the image. Its diameter exceeds 1 minute of arc, or 80,000 km! It is possible that such a rapid growth of the coma is associated with the apparent superposition over it of the comet’s dust tail, which after opposition, still remains invisible to the earthly observer.”
There is a lot of speculation going on about what this comet actually is and what it is composed of but at least now we have an idea of its size. The following video is from a man who explains how the size was calculated and he confirms the above astronomers are not out of their minds.
The Professionals Step In
We have news out of Cornell University that sustains the view that Elenin is playing a direct part in causing large earthquakes. Professor Mensur Omerbashich is saying that his “georesonator concept in which tidally induced magnification of Earth masses’ resonance causes seismicity.” This trashes NASA’s assertion that the humongous earthquake we saw in Japan and before that with the ones in Chile and New Zealand were coincidental with alignments between Elenin, the Earth and the Sun.The earth’s seismicity can arise as a natural response
of our planet to its alignments with other celestial objects.
Professor Mensur Omerbashich
Omerbashich demonstrates empirically that “all strong (~M6+) earthquakes of 2010 occurred during the Earth’s long astronomical alignments within our solar system. He shows that the same holds true for all very strong (~M8+) earthquakes of the decade of 2000s. He asserts that the “comet C/2010 X1 (Elenin) has been adding to robustness in terms of very strong seismicity since 2007. Elenin will continue intensifying the Earth’s very strong seismicity until August-October, 2011.”of our planet to its alignments with other celestial objects.
Professor Mensur Omerbashich
It seems like every time Elenin lines up with Earth and another planet or the Sun we have an earthquake, the nearer Elenin gets the bigger the earthquakes.
Past Elenin Alignments and Earthquakes:
| Past Alignments | Date | Location | Magnitude |
| Elenin – Earth – Sun | Feb 20 2008 | Indonesia | 7.4 |
| Elenin – Earth – Sun | Feb 25 2008 | Indonesia | 7.2 |
| Elenin – Earth – Neptune | May 12 2008 | China | 7.9 |
| Elenin – Earth – Sun | Feb 18 2009 | Kermadec Islands | 7.0 |
| Elenin – Earth -Jupiter | May 18 2009 | Los Angeles, US | 4.7 |
| Elenin – Mercury- Earth | July 15 2009 | New Zealand | 7.8 |
| Elenin – Mercury – Earth | Aug 09 2009 | Japan | 7.1 |
| Elenin – Sun – Earth | Sept 09 2009 | Sunola islands | 8.1 |
| Elenin – Earth – Venus | Feb 18 2010 | China/RU/N.Korea | 6.9 |
| Elenin – Earth-Sun | Feb 25 2010 | China | 5.2 |
| Elenin – Earth-Sun | Feb 26 2010 | Japan | 7.0 |
| Elenin – Earth- Sun | Feb 27 2010 | Chile | 8.8 [Earth knocked off axis] |
| Elenin – Earth- Sun | Feb 27 2010 | Argentina | 6.3 |
| Elenin – Earth – Mercury | Mar 04 2010 | Taiwan | 6.3 |
| Elenin – Earth – Mercury | Mar 04 2010 | Vanuatu | 6.5 |
| Elenin – Earth – Mercury | Mar 05 2010 | Chile | 6.6 |
| Elenin – Earth – Mercury | Mar 05 2010 | Indonesia | 6.3 |
| Elenin – Earth – Mercury | Mar 08 2010 | Turkey | 6.1 |
| Elenin – Earth – Neptune | May 05 2010 | Indonesia | 6.6 |
| Elenin – Earth – Neptune | May 06 2010 | Chile | 6.2 |
| Elenin – Earth – Neptune | May 09 2010 | Indonesia | 7.2 |
| Elenin – Earth – Neptune | May 14 2010 | Algeria | 5.2 |
| Elenin – Earth – Jupiter | Jan 03 2011 | Chile | 7.0 |
| Elenin – Earth – Sun | March 11 2011 | Japan | 9.0 [Earth knocked off axis] |
| Future Alignments | Date | Note |
| Elenin – Mercury – Mars – Earth | Sept 06 2011 | |
| Mercury – Sun – Elenin | Sept 25 2011 | |
| Sun – Elenin – Jupiter | Oct 11 2011 | Elenin 0.246au from Earth; that’s a quarter of the distance to the sun. |
| Oct 17 2011 | Elenin closet to earth 0.232au | |
| Oct 20 2011 | Elenin will enter Earth orbit and we will experience a gravitational pull. | |
| Nov 02 2011 | Earth enter Elenins tail/ previous path | |
| Venus – Earth- Elenin – Mercury | Nov 11 2011 | |
| Sun – Mercury – Earth – Elenin | Dec 04 2011 | |
| Mars – Elenin – Jupiter | Dec 25 2011 | |
| Final Alignment: Elenin – Earth – Sun | Dec 21 2012 | |
So everyone I guess it is not a small pebble after all that is coming our way and I think NASA knows this for how could they calculate its pathway through the inner solar system without knowing its mass or size? But before we blow our gaskets over this I want you to take a look at a most interesting and strange video of a presentation by a most beautiful and intelligent man. It seems that flybys of big objects are not that unusual and that we had a truly big comet almost hit the Sun less than ten years ago. Below we have physicist Nassim Haramein showing a NASA video of something that frightened everyone who was watching yet nothing happened when something should have. When asked why not Haramein said, “I don’t know.”
I trust Nassim, and what he shows goes beyond the pale of scientific understanding. According to him such a large object should have made a mess of the inner solar system but it did not. In the film we actually see the sun protecting itself with a huge and forceful solar flare from what looked like a possible collision with a huge comet.
But now we have another one heading in but this one is already wrecking the earth with 9.0 earthquakes, already resulting in a nuclear catastrophe in Japan. It was only seven days ago when I published:
In this video you will see with mathematical precision that every time this celestial body comes into alignment with the earth and sun we have a huge earthquake. The last three alignments produced the Japanese 9.0 quake, the one in New Zealand and before that the one in Chile. On March 11th Elenin was much further out. When the next alignment happens it will be devastatingly close. The main point to understand is that if Elenin was just a normal comet it would not have the mass to generate a gravity pull that would affect the earth when the Earth swings around into alignment.
The mystery only gets more profound. Cosmic rays crashing into the Earth over the South Pole appear to be coming from particular locations rather than being distributed uniformly across the sky. Similar cosmic ray “hotspots” have been seen in the northern skies too, yet we know of no source close enough to produce this pattern. “We don’t know where they are coming from,” says Stefan Westerhoff of the University of Wisconsin-Madison. It’s a mystery because the hotspots must be produced within about 0.03 light years of Earth. Further out, galactic magnetic fields should deflect the particles so much that the hotspots would be smeared out across the sky. But no such sources are known to exist.Perhaps our incoming comet is hot in terms of radiation and is doing more than putting out gravity fields that are affecting the Earth’s structure. We have an evolving puzzle going on down here on Earth but it will get clearer as the next few weeks or months pass. So far we have many strange “coincidences” that are going unexplained but as they pile up we will be better able to triangulate events into a comprehensible perception of what is in store for us and what to do, if anything, about it.
People pounced on Nassim Haramein for inferring that the NASA video he was showing in his presentation above was proof that Nibiru had come and gone already. It is dangerous to make assumptions but who would have thought that there was more than one big planet-size object that was coming in on comet trajectories within ten years of each other?
This last one that Haramein shows danced with the sun and must have had some Klingon cloaking device—certainly no one I know was aware of such a close call or that comets could be that big. Now according to NASA we have a tiny rock coming in that somehow is big enough to yank on the gravitational/electric/magnetic/structural under-pinnings of our world. Must be made of Krypton or its bigger than NASA is letting on.
Excuse my attempt to lighten up the discussion. I have people crawling all over the place, including inside my own family, who are uncomfortable even knowing what’s going on with comets on their way into our backyard. This one is going to pass close where the other one seen in Haramein’s presentation miraculously left the inner solar system in peace.
What is going to happen is anyone’s guess but Professor Mensur Omerbashich does not seem to be guessing. Perhaps we should all read his paper and study up on his georesonator concept. He is from Cornell one of the most respected Universities in the world so personally I do give him the courtesy and honor of taking him seriously. It is most difficult presenting these topics to the world for their will be great dissention and controversy until September and then we will really get to experience whatever reality is going to offer itself to us on earth. My bet is that events will continue to build in intensity and life will continually get more and more out of hand on every level and dimension.
I could literally post hundreds of videos and stories of strange happenings in our world. We do not need a crystal ball to see the relentless Earth changes. We have left the landscape of normalcy behind and are entering into a world where cataclysmic chaos is becoming the new norm. Just ask the people in the Mississippi valley this week. The escalating trend of anomalous weather patterns, massive animal die-offs, inexplicable seismic activities, droughts, famine and increasing food prices supports the view that things are changing quickly and something unseen and uncalculated is participating in this. Can’t blame everything on global warming and CO2!
Below you will see two articles, one from the Washington Post and another from The New York Times from 28 years ago, but read them like they were printed yesterday. Astronomy deals practically with eternity so what is 28 years? NASA came right out and admitted they found a massive very cold body outside the solar system. Now they are not saying a thing about this or whether this past massive comet from 2003, or the current one, have anything to do with their discovery almost three decades ago. What could possibly be their motive for keeping a tight lid on this terribly important subject?
Washington Post
Mystery Heavenly Body Discovered
31-Dec-1983
A heavenly body possibly as large as the giant planet Jupiter and possibly so close to Earth that it would be part of this solar system has been found in the direction of the constellation Orion by an orbiting telescope aboard the U.S. infrared astronomical satellite. So mysterious is the object that astronomers do not know if it is a planet, a giant comet, a nearby “protostar” that never got hot enough to become a star, a distant galaxy so young that it is still in the process of forming its first stars, or a galaxy so shrouded in dust that none of the light cast by its stars ever gets through. “All I can tell you is that we don’t know what it is,” Dr. Gerry Neugebauer, IRAS chief scientist for California’s Jet Propulsion Laboratory and director of the Palomar Observatory for the California Institute of Technology, said in an interview.Mystery Heavenly Body Discovered
31-Dec-1983
The most fascinating explanation of this mystery body, which is so cold it casts no light and has never been seen by optical telescopes on Earth or in space, is that it is a giant gaseous planet, as large as Jupiter and as close to Earth as 50 billion miles. While that may seem like a great distance in earthbound terms, it is a stone’s throw in cosmological terms, so close in fact that it would be the nearest heavenly body to Earth beyond the outermost planet Pluto. “If it is really that close, it would be a part of our solar system,” said Dr. James Houck of Cornell University’s Center for Radio Physics and Space Research and a member of the IRAS science team. “If it is that close, I don’t know how the world’s planetary scientists would even begin to classify it.”
The mystery body was seen twice by the infrared satellite as it scanned the northern sky from last January to November, when the satellite ran out of the super-cold helium that allowed its telescope to see the coldest bodies in the heavens. The second observation took place six months after the first and suggested the mystery body had not moved from its spot in the sky near the western edge of the constellation Orion in that time. “This suggests it’s not a comet because a comet would not be as large as the one we’ve observed and a comet would probably have moved,” Houck said. “A planet may have moved if it were as close as 50 billion miles but it could still be a more distant planet and not have moved in six months’ time.
Whatever it is, Houck said, the mystery body is so cold its temperature is no more than 40 degrees above “absolute” zero, which is 459 degrees Fahrenheit below zero. The telescope aboard IRAS is cooled so low and is so sensitive it can “see” objects in the heavens that are only 20 degrees above absolute zero. When IRAS scientists first saw the mystery body and calculated that it could be as close as 50 billion miles, there was some speculation that it might be moving toward Earth. “It’s not incoming mail,” Cal Tech’s Neugebauer said. “I want to douse that idea with as much cold water as I can.”
The New York Times
Clues Get Warm in the Search for Planet X
30-January-1983
John Noble Wilford
Something out there beyond the farthest reaches of the known solar system seems to be tugging at Uranus and Neptune. Some gravitational force keeps perturbing the two giant planets, causing irregularities in their orbits. The force suggests a presence far away and unseen, a large object that may be the long-sought Planet X.Clues Get Warm in the Search for Planet X
30-January-1983
John Noble Wilford
Evidence assembled in recent years has led several groups of astronomers to renew the search for the 10th planet. They are devoting more time to visual observations with the 200-inch telescope at Mount Palomar in California. They are tracking two Pioneer spacecraft, now approaching the orbit of distant Pluto, to see if variations in their trajectories provide clues to the source of the mysterious force. And they are hoping that a satellite-borne telescope launched last week will detect heat “signatures” from the planet, or whatever it is out there.
The Infrared Astronomical Satellite was boosted into a 560-mile-high polar orbit Tuesday night from Vandenberg Air Force Base, CA. It represents an $80-million venture by the United States, Britain and the Netherlands. In the next six or seven months, the telescope is expected to conduct a wide-ranging survey of nearly all the sky, detecting sources not of ordinary light, but of infrared radiation, which is invisible to the human eye and largely absorbed by the atmosphere. Scientists thus hope that the new telescope will chart thousands of infrared-emitting objects that have gone undetected—stars, interstellar clouds, asteroids and, with any luck, the object that pulls at Uranus and Neptune.
The last time a serious search of the skies was made, it led to the discovery in 1930 of Pluto, the ninth planet. But the story begins more than a century before that, after the discovery of Uranus in 1781 by the English astronomer and musician William Herschel. Until then, the planetary system seemed to end with Saturn.
As astronomers observed Uranus, noting irregularities in its orbital path, many speculated that they were witnessing the gravitational pull of an unknown planet. So began the first planetary search based on astronomers’ predictions, which ended in the 1840s with the discovery of Neptune almost simultaneously by English, French and German astronomers.
But Neptune was not massive enough to account entirely for the orbital behavior of Uranus. Indeed, Neptune itself seemed to be affected by a still more remote planet. In the late 19th century, two American astronomers, William H. Pickering and Percival Lowell, predicted the size and approximate location of the trans-Neptunian body, which Lowell called Planet X.
Years later, Pluto was detected by Clyde W. Tombaugh working at Lowell Observatory in Arizona. Several astronomers, however, suspected it might not be the Planet X of prediction. Subsequent observations proved them right. Pluto was too small to change the orbits of Uranus and Neptune; the combined mass of Pluto and its recently discovered satellite, Charon, is only one-fifth that of Earth’s moon.
Recent calculations by the United States Naval Observatory have confirmed the orbital perturbation exhibited by Uranus and Neptune, which Dr. Thomas C. Van Flandern, an astronomer at the observatory, says could be explained by “a single undiscovered planet.” He and a colleague, Dr. Robert Harrington, calculate that the 10th planet should be two to five times more massive than Earth and have a highly elliptical orbit that takes it some 5 billion miles beyond that of Pluto—hardly next door but still within the gravitational influence of the Sun.
Some astronomers have reacted cautiously to the 10th-planet predictions. They remember the long, futile quest for the planet Vulcan inside the orbit of Mercury; Vulcan, it turned out, did not exist. They wonder why such a large object as a 10th planet escaped the exhaustive survey by Mr. Tombaugh, who is sure it is not in the two-thirds of the sky he examined. But according to Dr. Ray T. Reynolds of the Ames Research Center in Mountain View, CA, other astronomers “are so sure of the 10th planet, they think there’s nothing left but to name it.”
At a scientific meeting last summer, 10th-planet partisans tended to prevail. Alternative explanations for the outer-planet perturbations were offered. The something out there, some scientists said, might be an unseen black hole or neutron star passing through the Sun’s vicinity. Defenders of the 10th planet parried the suggestions. Material falling into the gravitational field of a black hole, the remains of a very massive star after its complete gravitational collapse, should give off detectable X-rays, they noted; no X-rays have been detected. A neutron star, a less massive star that has collapsed to a highly dense state, should affect the courses of comets, they said, yet no such changes have been observed.
More credence was given to the hypothesis that a “brown dwarf” star accounts for the mysterious force. This is the informal name astronomers give to celestial bodies that were not massive enough for their thermonuclear furnaces to ignite; perhaps like the huge planet Jupiter, they just missed being self-illuminating stars.
Most stars are paired, so it is not unreasonable to suggest that the Sun has a dim companion. Moreover, a brown dwarf in the neighborhood might not reflect enough light to be seen far away, said Dr. John Anderson of the Jet Propulsion Laboratory in Pasadena, CA. Its gravitational forces, however, should produce energy detectable by the Infrared Astronomical Satellite.
Whatever the mysterious force, be it a brown dwarf or a large planet, Dr. Anderson said he was “quite optimistic” that the infrared telescope might find it and that the Pioneer spacecraft could supply an estimate of the object’s mass. Of course, no one can be sure that even this discovery would define the outermost boundary of the solar system.
Read more at International Medical Veritas Association (IMVA)
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