Thursday, May 17, 2012

A Special Report On the Fukushima Nuclear Catastrophe

The news is so biased against certain parts of the world and certain nationalities. 

When it comes to Chernobyl, the whole world was in a state of alarm.  But now with Fukushima things are obviously much worse and the threats are global but nobody cares because the Japanese are on "our side".  

Is that what we are going to tell the next 10,000 species that die-off specifically because of this event?  This is sizing up to be the biggest threat the modern world has seen and where is the lame stream news?  Nowhere to be found. 

If alternative news doesn't replace lame stream, we will be truly lame as a species as far as fixing problems or stopping mad science from running amok.

Article follows below...

http://cosmicconvergence.org/?p=641

A Special Report On the Fukushima Nuclear Catastrophe

Just prior to the Supermoon of March 18th, 2011, the world witnessed a natural and manmade disaster of epic proportions. What transpired off the coast of Honshu Island, Japan on March 11 has forever altered the planet and irremediably affected the global environment. Whereas the earthquake and tsunami proved to be truly apocalyptic events for the people of Japan, the ongoing nuclear disaster at Fukushima is proving to be cataclysmic for the entire world.

Most of the world community is still unaware of the extremely profound and far-reaching effects that the Fukushima nuclear disaster has had. If the nations of the world really understood the implications of the actual ‘fallout’ – past, current and future – the current nuclear energy paradigm would be systematically shut down. For those of us who are in the know, it is incumbent upon each of us to disseminate the relevant information/data necessary to forever close down the nuclear power industry around the globe.

There is now general agreement that the state of the art of nuclear power generation is such that it was deeply flawed and fundamentally dangerous from the very beginning. This fact was completely understood to be the case by the industry insiders and original financiers of every nuclear power plant ever built. Nuclear engineers had a very good understanding of just how vulnerable the design, engineering and architecture was at the startup of this industry. Nevertheless, they proceeded with this ill-fated enterprise at the behest of who?  

Therefore, this begs the question, “Why would such an inherently unsafe technology and unstable design be implemented worldwide in the first place?”

More importantly, “Who ought to be responsible for mitigating this ongoing planetary nuclear disaster?” And, is there any practical way this predicament can be fixed? Is there technology available which can address this situation in any meaningful way?

With the increasing energy needs of the global economy pushing energy-poor nations like Japan into nuclear power, the economic incentive has always overridden good judgment. Especially in Japan do we see a nation that was literally set up to be a poster child for the nuclear power industry. This, in a place that is known to be the most seismically active region in the world!

“Does anyone in their right mind believe that nuclear power plants can ever be designed, engineered or constructed to withstand 9.0 earthquakes followed by 15 meter high tsunamis? Sorry if we offend, but such a display of so deadly a combination of ignorance and arrogance must represent the very height of hubris. Particularly in view of the inevitable consequences which have manifested at Fukushima, how is it that so few saw this pre-ordained and disastrous outcome, except by willful blindness?”
Japan: A Nation Consigned To Nuclear Armageddon

Numerous headlines over the past few weeks have been relentless in trumpeting Japan’s begrudging response to this global wakeup call. For the first time since nuclear power has been used in the land of Nippon, all 55 nuclear power plants now sit idle. This is of course very good news for the people of Japan. The question now remains how to go about remediating all of these vulnerable and unsafe nuclear reactors. Particularly because of those nuclear plants that are located anywhere along the Japanese coastline is this remediation imperative an existential necessity.

Japan nuclear power-free as last reactor shuts

Japan switches off last nuclear power plant; will it cope?

International Forces Are Responsible For Fukushima;
An Immediate Global Response Ought To Formulated

Since the very first news about the Fukushima nuclear disaster came to light, many industry researchers and various investigations have unveiled the multi-decade plot to foist nuclear power onto the islands of Japan. The many forces arrayed against the Japanese people were so formidable that this ill-fated enterprise could only come to such an unfortunate outcome. Just as humankind learned from the folly of dropping atomic bombs on Hiroshima and Nagasaki, Fukushima has served as an example of how not to implement nuclear power generation.

“Quite purposefully, no one ever stopped to consider the obvious and far-reaching ramifications of constructing 55 nuclear reactors on the most seismically active piece of property on planet Earth! And, that doesn’t count another 12 reactors in various stages of planning or development.”
An Open Letter to the People of Japan

If Japan is to remain habitable for future generations, there are certain (nuclear) matters confronting every corner of this island nation which must be addressed post haste. We know the people of Japan are up to it. The real question is whether the powers who have controlled their destiny are willing to back off for once since WWII.

Can the USA, the UK, Israel and France completely let go of their control of the Japanese economy, energy infrastructure and political process? Not only does the very existence of Japan rely on this relinquishment of control, the futures of the USA, UK and France do as well.

“Tokyo has the largest greater metro population in the world at about 34.3 million. Tokyo has the largest GDP of all major cities in the world – larger than both New York City and London. Tokyo is the economic/financial capital of the world’s 3rd largest national economy, as well as the primary economic engine of East Asia.”
As Fukushima Goes, So Goes Japan

Most are not aware, even at the very highest levels of the Global Control Matrix, but as Fukushima goes, so goes Japan. Taken to its logical conclusion we can say with absolute certainty that as Japan goes, so goes the entire planet. In reality, Japan is not only a super-charged trigger point in the Pacific Ring of Fire, it is also a lynchpin for the world economy as the previous article well explains. Therefore, we would highly advise the Anglo-American power structure to take proper responsibility for this unprecedented global catastrophe and show up in great force on the Honshu coastline to remediate and de-activate wherever still possible.

Global “Manhattan Project” Required

It is quite quizzical that those who run the Global Control Matrix have not yet seized the day. What is clearly at stake is the Pacific Ocean, its shorelines, numerous national economies, as well as myriad ecosystems and aquatic environments.
If they persist in this display of passivity and willful neglect, the planet may never recover. Surely, we can offer the observation that as the Pacific becomes exposed to massive volumes of radioactive water being dumped from the Fukushima site, eventually this radiation will find its way to the four corners of that ocean and beyond.

There has been a steady barrage of headlines lately aimed at those who can respond to this global catastrophe with some degree of cogency. A uniquely cohesive international response is urgently required if there is to be any hope of a successful remediation. Only a fully represented international think tank and implementation team has any chance of formulating a strategy that might be successful at fixing Fukushima.

We’re thinking of a Manhattan Project type of gravity. After all, if such a serious project was established in the interest of creating an atomic bomb, surely a similar endeavor can be initiated in the interest of saving the same country, that was ravaged by nuclear war, from Fukushima-generated radiation.

Japan has clearly shown that this disaster is way beyond their ability to manage and capacity to address in any meaningful way. Their entire culture seems to ensure that the real problems will be constantly swept under the rug. The problem this time around is that there may be no rug soon to sweep it under.

As Fukushima Goes, So Goes Japan

The preceding article clearly sets forth the thesis that if Tokyo requires evacuation in the future, the Japanese economy will immediately collapse. This eventuality would merely be the first domino to fall toward the collapse of the entire global economy. The prospect at this point is so real that those decision-makers at the top of the Global Control Matrix can’t afford not to inaugurate a worldwide effort to remediate Fukushima.

The Pacific Ocean Is Dying

How about the rest of the Pacific Ocean? What does the future hold in store for the largest body of water on Earth. One that circulates more water than any other ocean and possesses more coastline than all the others put together. The following headlines portend the future health of the Pacific, so all are encouraged to take serious notice.

Fukushima Daiichi Worker: Nothing can be done except to leak radioactive water! — Honestly feel that we are dumping massive amounts into ocean — Will spread all over world, reaching Hawaii and US soon

Nuclear Professor: 5,000 Hiroshima bombs worth of cesium-137 in spent fuel pool No. 4 — “Low estimate”

Doomsday scenarios spread about No. 4 reactor at Fukushima plant

Former Ambassador: No. 4 reactor a top national security issue for entire world — Could start “the ultimate catastrophe”

Japan Nuclear Expert: Humanity as a whole has literally never experienced something like Fukushima — “We will be fighting this radiation on the order of tens or hundreds of years”

The upshot of each of these articles is that the Pacific Ocean is extremely vulnerable to the radioactive waste being dumped into her waters at Fukushima. Should another catastrophic earthquake occur, it could create a new and more complicated nuclear disaster scenario that is truly irreparable. Even without any seismic activity affecting the nuclear sites, the current state of affairs has taken for granted that the Pacific Ocean will become a nuclear dumping ground for decades to come. It has not been lost on us that such an inevitability appears to be the only practical expedient available.

We are truly saddened by the great loss of marine life and harm to myriad aquatic and shoreline ecosystems. As the nuclear radiation is exported around the Asian Ring of Fire, genetic mutation will begin to affect every form of life — from phytoplankton to whales, from seabirds to mangroves, from dolphins to krill. Everything that lives near the Pacific will be at risk to some degree. Anyone who lives, works or plays in or around the Pacific will be compelled to evaluate their relationship to this great ocean.

What have we done to Mother Earth by siting nuclear power plants in the most seismically active region of the world?!

What in God’s Creation can possibly be done to fix it?

Never in the history of humankind has the planet been confronted with such a grave set of circumstances. Fukushima represents all that can go wrong when scientific applications and technological advancement within a crude industrial context have gone awry. Unfortunately, given the many trajectories that numerous fields of technological innovation are currently on, Fukushima and the BP Gulf oil spill of 2012 may only be the beginning of an accelerating period of technospheric breakdown which will plague the Earth.

Earthquake, Tsunami and Nuclear Meltdown Converge to Create Global Perfect Storm

Cosmic Convergence Research Group
Submitted: May 5, 2012
cosmicconvergence2012@gmail.com

Author’s Note:
NuclearReader.info has provided an invaluable service to the worldwide internet community by giving away their ebook currently linked here: http://www.nuclearreader.info/
The first chapter entitled “Hazards of Low Level Radioactivity” ought to be a must read for anyone impacted by Fukushima.
Also of critical significance, there is a phenomenon known as the Photoelectric Effect which weighs heavily throughout the entire contamination zone associated with the Fukushima nuclear disaster. The following article gives an important overview for those who want to know what we are really dealing with as a planetary civilization.
Photoelectron Induction in Uranium Particles by Chris Busby, PhD

Addendum:
There has been no mention in this essay of the massive amount of debris pollution brought about by the Japan earthquake and tsunami of March, 2011. We have chosen a photo-documentary instead to portray this state of affairs in the following addendum.

Here is the current flow and future map of debris pollution.

This debris is found in the "The Great Pacific Garbage Patch"

Special Notice:
The following article gives a much broader view of the current predicament which prevails across the planet. Clearly, technospheric breakdown is a phenomenon which few foresaw, otherwise we would not find ourselves at the edge of the precipice with respect to so many risky and dangerous technologies and misapplications of scientific developments.
For example, so committed is the world community to the hydrocarbon fuel paradigm that there appears to be no way of lessening our dependence on such an environmentally destructive energy source. Likewise, even in the face of Fukushima, many nations are unwilling to reconsider their dependence on the nuclear power paradigm.
This essay elucidates the forces and motivations at work which militate against sound, rational and safe energy policy.

Technospheric Breakdown Accelerates Epochal Change On Planet Earth

©2012 Cosmic Convergence 2012®. All rights reserved
Permission is granted to post this essay as long as it is linked back to the following url: http://cosmicconvergence.org/?p=641

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Thursday, April 19, 2012

Schiff on Gold

Peter Schiff.  He was ridiculed by the mainstream press for being wrong on the housing bubble before it happened. But then it happened.  And now the mainstream press look like fools. Google "peter schiff was right" and watch the youtube assault on Peter when he was predicting totally accurate housing crash.

The more things change, the more they stay the same.

Now the mass media hates gold.  Of course they do, but on what basis of logic?  None.  So here is Peter Schiff on gold and I bet he is right again.  Let's listen...

"Betting against gold has been the wrong trade. Over time, gold keeps making new highs. The same could be said for gold stocks, albeit at a slower rate. The gold shares reflect the fact that you’ve got a lot of skepticism. This is the antithesis of a bubble. Instead of there being euphoria and people speculating on a gold rally, they are all betting against it. Meanwhile, gold continues to climb a wall of worry.

"The gold bears don’t understand the fundamentals. These were the same people that didn’t see the housing bubble or the financial crisis. This is why you will see the few people that bet right on subprime, are also the ones that are betting on gold. These savvy players have a better understanding of the macro-economic fundamentals."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/17_Peter_Schiff_-_Gold_Bears_to_Get_Pummeled,_No_Crash_in_Stocks.html

 

You can't have esponential doubling rates on currency printing and still have gold stay still or go down.  Gold can't go down or stay stable.  It will rocket up compared to fiat currency because fiat currency is being taken out with the trash.

Silver is an even better investment due to industrial "draw down" of above ground supplies.  Do keyword searches on that to find out more.

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Tuesday, April 17, 2012

Big Energy Picture Increasingly Understood (and going mainline)

Increasingly, varioius segments of social and economic strata globally are coming to the grips of the coming mighty crash.  Judging from the fundamental drivers pushing this thing, it will be a crash on a scale not seen since the days of Noah.

Whereas, 12 years ago the term Peak Oil wasn't even coined yet, these days the big picture of energy as it relates to food and population and ecology and of course petro dollars / fiat currency is increasingly going mainline.

John Embry of Sprott Asset Management, indicates that the investment world is taking note of the fundamental shifts in the world affecting us all.

Check this out..

Embry also added: “There was an interesting article in Forbes. It was an interview with the CEO of Shell, Peter Voser. He was talking about their view on the demand for oil in the next 30 or 40 years, out to 2050. Shell believes the demand for energy could double by 2050.

Voser is not at all optimistic about alternative energies during that time frame. So, basically oil is going to have to supply most of the new demand. He responded to the question have we reached peak oil, which I believe we have, but he says that we’ve certainly hit cheap peak oil.

Consequently, if you are going to have any kind of growth like that, it’s going to be with extremely expensive energy. I don’t think that’s possible. I just don’t think the world can absorb dramatic increases in the energy costs and continue to grow or the population continue to grow for that matter.

It means that there is going to be some disruption coming. I find it amusing that people talk about ten billion people on earth by 2050, and everything running as normal. We are having trouble functioning now, with seven billion people. The fact that we’re going to try to feed and provide energy for 50% more people doesn’t seem to be doable. Time will tell.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/16_Embry_-...

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Tuesday, March 13, 2012

The absolute worst mainstream media war propaganda video ever

There it is, the absolute worst mainstream media war propaganda video ever.

It is funny.  It is pitiful.  It is disgusting.  It is all three on volume ten (ten out of ten) at the same time.

Posted via email from The Hook of Magog

Thursday, January 19, 2012

Recent roundup from www.kingworldnews.com

Got precous metals?

Big changes on the precious metals front.  The noise from knowledeable insiders is unified, loud, clear and urgent.  Dump whatever you can for whatever it is worth and get into the action for massive rewards long term.

Each number is a different article, hyperlink directly to the story provided at the beginning of the text.
  1. Bill Haynes, President and owner of CMI Gold & Silver - “I’m shocked by the demand for eagles.  As an example we just had a buyer who picked up $1.5 million of one ounce silver eagles and that’s all he wanted -- the eagles.  The significant thing I’m seeing here, Eric, is there is next to no selling by retail customers.  It would appear the gold and silver, held by the public, is in extremely strong hands... “What I would add to this is investors who can handle silver’s bulk and weight really need to be there.  They need to be buying silver because that is where the greatest upside potential is.  With the gold/silver ratio this high, people need to be buying silver... The people I deal with are buying aggressively on the dips and almost cheering when the price drops because they can add to their positions at a lower price. Somewhere in here we will get into the third phase, years from now, when prices will go parabolic.”
  2. Michael Pento, of Pento Portfolio Strategies, writes for King World News to warn about a coming US default and subsequent gold explosion.   Pento had this to say about the situation:  “If you ask most investors what is the main driver for the price of gold they are likely you tell you that it’s the direction of the U.S. dollar.  Therefore, the only due diligence most investors perform is a perfunctory glance at the Dollar Index (DXY).  While it is true that the purchasing power of the dollar is a key metric to judge the direction of gold prices, the DXY will only tell you what the dollar is doing against a basket of 6 other flawed fiat currencies.”  Since the intrinsic value of the dollar continues to deteriorate, investors would do well to ignore the dollar’s temporary and beneficial measurement against the Euro and focus on its true fundamentals, which are forcing investors towards gold.” 
  3. Keith Barron consults with major gold companies around the world as well as major brokerage houses and Keith is responsible for one of the largest gold discoveries in history.  Here is what Barron said about a coming mania:  “Oh yes, that’s coming.  I met with a gentleman last week, I’m not going to mention his name because a lot of listeners would know who he is and he was saying to me, ‘Look, we haven’t even got to first base yet.’  He thinks gold is going to between $3,500 to $5,000. You get all of this talk in the media, especially on CNBC, saying that gold is in a bubble.  Every time it goes up a couple hundred dollars it’s in a bubble again.  The American government, as we know, is cooking the books as far as the inflation numbers go.  Anyone who buys groceries or gasoline certainly knows it’s getting more expensive every day....That’s just going to continue on.  We are going to see it in Europe as well.  The only way these various governments can create jobs and spend largesse is too print money.  That’s very inflationary and that will take gold and silver much, much higher... The US Mint is selling silver American eagles like there is no tomorrow.
  4. Jim Rickards clients include private investment funds and banks, government directorates around the globe in national security and defense and he has worked directly with the Fed and US Treasury.  Jim is also a KWN resident expert and author of the extraordinary book, “Currency Wars: The Making of the Next Global Crisis.”  (whole article below)

     

    By Jim Rickards, Sr. Managing Dir. Tangent Capital

    January 17 (King World News)  -  The ongoing financial crisis in Europe is the biggest financial story in the world today and is covered daily. The stories are filled with doom and gloom and predictions of imminent collapse of the currency and the monetary union. Our view is the euro sovereign bonds are in distress and European banks are mostly insolvent but that does not mean the currency will fail. The bonds, banks and currency are three different things and the failure of the first two does not mean failure of the third. The reasons for this are based on the fact that the U.S., China and Germany are united in their desire for a strong euro. The U.S. and China both need a strong euro so Europeans can buy more of their exported goods to maintain growth. China's leverage comes from the fact that it can prop up the European bond market with fresh purchases. The U.S. leverage comes from the fact that it provides the dollar liquidity Europe needs via central bank swap lines. Germany has a demonstrated capacity, dating to the 1970's and earlier, to remain an export powerhouse even with a strong currency and a strong euro all but eliminates intra-European competition. In this sense, the euro is the biggest loser in the currency wars.

     

        The Chinese growth story is so taken for granted that markets and analysts have difficulty imagining anything else. In fact, Chinese growth is on the brink of collapse - something the world and the markets have not fully priced in. Chinese growth has been driven about 70% by investment mostly directed by the Communist Party. Initially this could be efficient as the low-hanging fruit of fairly productive projects such as ports and roads were harvested through the use of debt. The result was a "machine" of debt creation, infrastructure development, constructions, jobs, cronyism, kickbacks, bribes and new projects that fed on itself and cascaded into progressively less productive and even wealth destroying white elephant projects such as "ghost cities," bridges to nowhere and high-speed trains that fly off the tracks. This process will clearly end in a debt debacle and the leadership understands this. They will wind down investment and deleverage banks while increasing bank reserves and shutting down shadow lenders when they can. This will be problematic and time consuming at best and risks an investment collapse and bank run at worst. Meanwhile the much-vaunted Chinese consumer will find that his savings are suppressed to prop up bank balance sheets so there is nothing left over for consumption. The result will be 4% growth for the next ten years at best, or collapse at worst. In time, China may even devalue its currency, contrary to all expectations of upward revaluation, in order to help growth. The cumulative effect will be to pull growth from Europe and the U.S. thus exacerbating global problems of too much debt and not enough growth.


        The U.S. has benefitted in the short run from the strong euro and the appreciating Chinese yuan. But if growth stalls in China, as expected, the Chinese may actually turn to currency devaluation again at the expense of U.S. exports thus hurting growth here. Also, as much as the U.S. and China both want a strong euro, declining growth in China and continued bond market and bank stock distress in Europe may cause a renewed flight to quality to the U.S. dollar and a strengthening U.S. dollar against the wishes of the Fed and Treasury. This will hurt U.S. growth, as net exports have been the one bright spot lately. It is also likely to lead to a third round of Quantitative Easing ("QE") under the name of "targeting Nominal GDP". The key to forecasting QE3 is not the level of interest rates but rather the level of the USD/EUR and USD/CNY exchange rates since the purpose of QE in the first place is to cheapen the dollar. So, if the euro remains strong, QE3 is off the table, but if the euro crashes on a flight to quality in the U.S. dollar, then you will see QE3.  Using QE3 is the secret weapon of the U.S. in the currency wars.


        The key to all of the above analysis is to move away from the traditional approach of thinking about "currency pairs" such as USD/EUR and USD/CNY and to see USD, EUR and CNY in a triangular relationship. If CNY and EUR are both strong then the U.S. is the winner in the currency wars and has some prospect of growth. But if CNY devalues on a Chinese growth collapse and EUR devalues on fears of financial distress, then the result will be strong U.S. dollars making the U.S. the temporary loser in the currency wars. At that point, the U.S. will bring out its secret weapon, Quantitative Easing, dressed up as nominal GDP targeting, to fight back and cheapen the U.S. dollar to preserve growth in the U.S.  This is the ultimate futility of currency wars - it just propagates round after round of competitive devaluations. In the end, all of the major currencies will devalue at once against the only money than cannot fight back - gold. The result will be sharply higher gold prices and global commodity inflation, which will trigger consumer inflation - exactly what central banks want to devalue debt and stimulate the velocity of money. Will it work? Maybe, but maybe not. If it works we’re in for a bout of global inflation worse than the 1970's. If it fails there may be a collapse of faith in paper money across the board.

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Monday, December 12, 2011

No Chermicals Allowed! (Ulsaker Bees in New Zealand 2011)

Urban_Bees_Movie_Project_Ulsaker_2011.wmv Watch on Posterous

No Chermicals Allowed!  (Ulsaker Bees in New Zealand 2011)

 

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Untitled

Friday, November 25, 2011

Here's the Risk: "Occupy" ends up doing the bidding of the global elite

"Many OWS participants might be completely unaware of who actually launched it. Upon investigation, what one finds is a daisy chain of non-profit foundations"

www.Globalresearch.ca nails another important story that mainstream news ignores, proving once again that history is not what we percieve through establishment channels.  There is always something deeper going on behind the scenes that betray the simpleton scripts of our mainstream news channels.

http://www.globalresearch.ca/index.php?context=va&aid=27708

Here's the Risk: "Occupy" ends up doing the bidding of the global elite

Global Research, November 17, 2011
The Guardian - 2011-11-16

History shows us it is easy for 'grassroots' campaigns to become co-opted by the very interests they are fighting against.

A 21st-century grassroots movement faces many pitfalls. This was as true back in 1968 as it is today. It could be infiltrated by law enforcement and intelligence agencies, or co-opted by a major party. As the state continues to creep further into our lives, activists can expect that it will use all its resources – not just the violent reaction seen in New York overnight, but also its agents, informants and surveillance packages – in its effort to monitor both sides of any serious social debate. Even bleaker, however, is the possibility that the movement was actually planned and launched by the very establishment activists thought they were waging a battle against in the first place. The larger the movement, the more interested a major party becomes in absorbing it into either the left or the right side of the current two-party paradigm.

The sudden emergence of America's Tea Party movement in 2007 is a good example. Republican presidential candidate Ron Paul, its inventor, used it as a springboard to highlight libertarian and constitutional issues during his 2008 campaign. Soon after, it was co-opted by key political and media influencers from the US right wing, associating itself less with a libertarian manifesto, and more with emerging figures within the Republican establishment. Now it is has morphed into nothing more than a block of voters whom the Republican party can rely to strike a deal with during an election cycle.

Arguably, the Occupy Wall Street movement has already drifted into the shadow of the Democratic party – with a number of Democratic establishment figures from the top down endorsing it. The Democrats' own media fundraising and media machine, Move On, has visibly adopted the cause. Like the Tea Party before it, the Occupy block would swing a close election during a national two-party race, functioning as a pressure-release valve for any issue too radical for the traditional platform.

Alongside this is the threat of being infiltrated. Scores of declassified documents, along with accounts from veteran activists, will reveal many stories of members who were actually undercover police, FBI or M15. In the worst cases of infiltration, undercover agents have acted as provocateurs. Such incidents normally serve to radicalise a movement, thus demonising it in the eyes of society and effectively lessening its wider political appeal.

Although the global Occupy movement has branched out in an open-source way, many of its participants and spectators might be completely unaware of who actually launched it. Upon investigation, what one finds is a daisy chain of non-profit foundations, all tied together by hundreds of millions per year in operational funding. The original call for Occupy Wall Street came from non-profit international media foundation Adbusters. Like many non-profits, Adbusters receives its funding and operating capital from other behind-the-scenes organisations. According to research conducted by watchdog Activistcash, Adbusters takes a significant portion of its money from the Tides Foundation, an organisation partnered with one of Wall Street billionaire oligarch George Soros's foundations, the Open Society Institute.

Although mostly hidden from the public eye, all major foundations and professional thinktanks undertake research and host training seminars, which are used to influence certain public and foreign policies, and thus, must have a political agenda. Theirs is the venue of choice for activities that cannot officially be conducted on the government clock.

Freedom House is another of Soros's Open Society partners. It supports the Centre for Applied Nonviolent Action and Strategies (Canvas), an organisation started by Serbians Ivan Marovic and Srdja Popovic. After playing a pivotal role in the CIA-backed deposing of Serbia's Slobodan Milosevic, the western media hailed Marovic as a democratic genius, but it came out later that his programme came out of an elite Boston thinktank's "regime change" manual, From Dictatorship to Democracy, written by Harvard professor Gene Sharp. Sharp's book is a bible of the colour revolutions – a "regime change for dummies". His Albert Einstein Institution has received funds from the National Endowment for Democracy and the Open Society Foundations, and his work serves as a template for western-backed opposition leaders in soft coups all around the world.

There are also reports of Canvas activity during the early days of Occupy Wall Street, including a video of Marovic himself addressing the general assembly. Currently, Canvas are touting their recent role in working with Egyptian and Tunisian protesters from as early as 2009, teaching skills that helped bring down their presidents and spark regional revolt.

When the dust settles and it's all said and done, millions of Occupy participants may very well be given a sober lesson under the heading of "controlled opposition". In the end, the Occupy movement could easily end up doing the bidding of the very elite globalist powers that they were demonstrating against to begin with. To avoid such an outcome, it's important for a movement to have a good knowledge of history and the levers of power in the 21st century.

• Patrick Henningsen is speaking on Deep Politics and the Revolutions Business at Tent City University at St Paul's on Sunday, 20 November at 4pm


Patrick Henningsen is a frequent contributor to Global Research.  Global Research Articles by Patrick Henningsen

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Thursday, November 24, 2011

Fukushima is 33 times worse than Chernobyl

Fukushima is being quantitatively measured as being 33 times worse than Chernobyl. Where is the mainstream press now, having already repeated the mantra that Fukushima is not as bad as Chernobyl?

In the more scientific press, Fukushima is being called the next level of nuclear disaster, something far beyond Chernobyl in scope, reach, impact.  It is the "China Syndrome" typifying the worst fears connected to a runaway nuclear meltdown.

Cause for comparison - The results of Chernobyl left 1 million dead at an early age, and it continues to shorten lives.

The effects of radiation are fearsome by any objective measurement, and yet we can't avoid the rise in permanent higher levels of "background radiation" around the world. 

Radiation_effects_millisieverts_msv

 

Short Videos of Fukushima

  1. Humorous Youtube vid here - FUKUSHIMA Radiation Levels Are like Gas Prices
  2. Illustrative video of radiation flows on the world map, mostly Northern Hemisphere
  3. Frightening in-depth explanation from Helen Caldicott, a very knowledgeable woman on this subject.  Here, Helen Talks About the Horror of Fukushima and makes it all very understandable.

 

 

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Saturday, June 11, 2011

Bilderberg is Busted - Let's Hope This Trend Continues!

Bilderberg is Busted - Let's Hope This Trend Continues!
 
Today the largest and most influential news site in the world has 5 stories on the Bilderberg Group ( archived here --> http://www.drudgereportarchives.com/data/2011/06/10/20110610_195609.htm )
  1. Swiss Politicians To March On Bilderberg, Demand Arrest Of Kissinger...
  2. Italian Politician 'bloodied' sneaking into Bilderberg hotel...
  3. BEHIND THE CURTAIN...
  4. Secret Agenda Leaked by Mole...
  5. THE LIST...
What is the Bilderberg Group? 

"(I)n 1954, the international financiers decided that the world had become so small and their interests intersected so often, that they must have regular, annual meetings. That year they met at the Bilderberg Hotel in Holland, and took the name "Bilderberg" for themselves." - American Free Press

Why don't you know about this?

"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."  - David Rockefeller, Baden-Baden, Germany 1991

Why are we hearing about this now?

Today is a new milestone for alternative news!  Radio talk show host Alex Jones has broken 3 concurrent stories about the secretive Bilderberg Group on the biggest news site in the world, www.drudgereport.com
  1. The first story in red text tells the tale of Swiss People’s Party representative Dominique Baettig promising to march into the Bilderberg meeting and confront various attendees, including Henry Kissinger, and to make arrests.
  2. The second story tells about Italian MEP Mario Borghezio given a bloody nose by Bilderberg security as he attempted to sneak into the the meeting.
  3. The third story is a watered-down assessment of who these people are and the policies they plan to implement on the world from behind closed doors, out of sight from their electorate (a crime in many countries including the US).
  4. The fourth story comes from Alex Jones' site.  His organization is at liberty to report news as they see fit, unencumbered by "editorial review" by the corporate elite (who are not surprisingly represented heavily at Bilderberg meetings).  As this story concludes - "... the plan is to take down national sovereignty, impose drastic austerity measures, hold fire sales on national assets, consolidate wealth and power, and use an endless economic crisis as an excuse to usher in world government, a one-world currency, and a sprawling high-tech police state."
  5. The fifth story is a published list of this year's attendees, a who's who of global elite.  The people who push for their unilateral and autocratic "New World Order" (their term) are represented by the giants of global finance, government, industry and military.
Why is this a big deal? 
 
Bilderberg breaking on a site like Drudge is a big deal because alternative news researchers and whistle blowers have been reporting on this organization for many years without much affect.  Jim Tucker has been following and reporting on the Bilderberg Group for 25-years and hasn't broken anything this big into the mainstream... until now.
 
It all started just recently, only a few years ago.  Groups like "We Are Change" have been confronting Bilderberg attendees about their illegal record of attendance at these meetings and publishing video accounts on Youtube.  Using less conventional means of getting alternative news out to the public, mass media is all but lost in the new Internet media like dinasaurs in a tar pit.  Their only recourse is to restrict the Internet.
 
Where are other credible sources located so that I can research this for myself?
 
There have been many alternative efforts eroding the walls of mass media silence over the years:
 
Investigative Documentaries -
  1. Secret Societies - Conspiracy Theory Jesse Ventura
  2. Wake Up Call - New World Order (2008)
  3. Secret Societies: The Bilderberg Group
Investigative Books -
  1. Review of Jim Tucker's book "Bilderberg Diary"
  2. Review of Daniel Estulin's book "The True Story of the Bilderberg Group"
Archives on Websites -
  1. Bilderberg.org website (ha, are the Bilderbergers too worried about closing down this site for fear of making them more popular?) - http://www.bilderberg.org/
  2. List of news articles and videos on an Alex Jones site -  http://www.prisonplanet.com/archive_bilderberg.html
 
What do Bilderberg members think about all this unwanted openness?
 
According to reports from insider-moles who allegedly go to Bilderberg meetings, the elites are very concerned about being published, confronted, having their record of illegal behind-closed-doors policy making published and critiqued (even aggressively confronted here and here) by the newly informed public.
 
Is the era of Bilderberg secrecy finally coming to an end after over 5 decades of complicit news blackout by the elite mass media (whose owners are also long time attendees)?  Let's hope so. 
 
What else are they accused of conspiring throughout the last 5+ decades?
 
The Bilderberg Group was principally responsible for 1) establishing the EU, 2) the Euro currency, engineering through the media and lawmakers and politicians immigration and social policies that 3) erode national sovereignty of the US and Europe, placing friendly insiders into positions as 4) heads of state to further their global government agenda, 5) expanding profitable resource-wars in the Middle East without votes at home or provocation abroad, bringing about efforts to 6) tax carbon use on small entities while handing out exemptions to their insider buddies, putting out policy papers that seek to 7) restrict and tax the free Internet, expansion of Orwellian 8) police state structures on the false premise that society will be safer if all liberties are taken away and handed over to an unaccountable elite structure that tracks and traces everything we do, and of course the massive transfer of wealth away from state coffers into the hands of insider financiers via the 9) banker bailouts, trillions given to elites who are chiefly responsible for crashing risky derivatives bubbles that set the global recession into motion and now of course these same insiders are using free bailout trillions to buy up depressed assets in the environment of crash that they created.  News media incorrectly calls these people "incompetent" because they are unable to fix the economy with QE1, QE2 and austerity measures.  In fact, these people are not incompetent at all, they are criminals raiding the tresury under the color of law and false pretense.
 
Aren't these the very same people who tell us "If you have nothing to hide then you have nothing to fear" as they track and trace everything the common people do.
 
 
Is Bilderberg really breaking news on Drudge right now?
 
Getting this kind of news onto Drudge is more valuable than the rare opinion piece that makes it through the mass media gatekeepers. Now that the Bilderberg non-secret has made it prominently onto Drudgereport, we can expect to see more of it elsewhere.  Drudge is credited with breaking the attempted spiked story of Monica Lewinsky in 1998, proving that corporate-owned media can't plug all the leaks.  Now more than a decade later, the same lessons are being learned by the corporate media.
 
 
According to MuStat, the Drudge Report reaches 1.5 million unique visitors per day while Alex Jones' main website brings in 350,000 unique visitors per day - about 1/4 as much.  That means, for every day Alex Jones broadcasts his message on Drudge, he is effectively reaching 1.5 million people that wouldn't normally visit his site.  In addition, the Drudge readers tend to be media savvy and consider Drudge to be a news maker.  It only takes a push to set a snowball effect into motion.
 
For collapse-proof strategies that apply locally and for ideas on how to live a healthy post-collapse lifestyle, write to me at InfoHive@gmail.com 
 
The above compiled by Tate Ulsaker
Founder of Direct INFO
Branch Manager of Advanced Personnel in Nelson, NZ
 
"Anyone may publish anything I write anywhere they wish without permission, just please link it back if convenient to do so." - Tate

Posted via email from The Hook of Magog

Tuesday, June 07, 2011

CNN forced to admit - 3 nuclear reactors melted down

 
 
Japan confirms that they are experiencing full-blown "China Syndrome" meltdowns in Fukushima.  Not controlled meltdowns like Chernobyl, but out of control, spilling into the air and ocean and spreading around the world even though the US Environmental Protection Agency and US Food and Drug Administration are refusing to follow protocol and monitor radiation levels in the ocean and fish respectively. 
 
Which countries were telling us that everthing would be fine, not to worry, just continue about your business, trust your government?  That would be Japan, US and most of the western mainstream press.
 
In contrast, which countries were giving warnings, criticizing the response and secrecy of Japanese authorities and specifically Tokyo Electric Power Co?  That would be China, South Korea, Iran and Russia to name a few.
 
There can be no sharper contrast.
 
On March 20, 2011, CNN reported: 
 
 
 
Who was right?  Obama and western mainstream press or is it the media from everyone else?
 
Honesty tends to flow more freely from sources that have less to gain by selling lies and more to gain by being honest.  This is why I like to listen to insiders who step up to the challenge and report difficult truths about their own country or organization.  These people can be found on alternative news sites that are run on a shoestring and reach millions of people because of the content supplied freely over the internet.
 
Alternative news on Fukushima - http://youtu.be/P3lSLpSHBuY 
 
Think about it - Is the western mass media a trustworthy source for informaton about the Fukushima disaster?  If not, then what else are they not trustworthy to report?  I can think of quite a few issues where reporting by western press is collusive, biased and wrong-headed.
 
Lesson - Power Corrupts. 
 
I suppose that when you have so much power consolidated by such a few big brands that own collectively most of the mainstream outlets, you will have collusion and bias and a sellout nature when it comes to reporting.  They collectively want "business as usual" moving forward... even if it means going off a cliff.
 
- by Tate Ulsaker

Friday, September 24, 2010

"'Nobody's Doing Nothin' - America Is Finished"

 
This guy is upset about the apathy in the US.  Beware of curse.  Anyway, the guy is speaking from the heart and he represents a large and rapidly growing segment of US society.

Wednesday, August 11, 2010

Cameras in Cars is Just Another Indicator of Tyranny

America, if you let this one go through, you deserve what you are going to get.

Come on guys. This isn't about government "helping" you.

Powerful people are tempted beyond their ability to restrain themselves. This is the structure of tyranny shaping up all around you.

God destroyed the Tower of Babylon and gave us diverse languages because humans can't handle positions of obscene power consolidation.

This won't end well. No historical or spiritual or logical reference point can argue that this is a good thing. Naked body scanners, RFID chips, global currency, gene splicing and ownership of life as property, wars of terror, bailing out the bankers with trillions ... isn't this all just part of the same eerie trend towards consolidation of power away from the 99% and towards the 1%.



Are we going to rely on the 1% to "help" us when they own the whole world? This is really silly.

A man on the moon looking at us reading the mainstream media would have a decade long belly laugh at how stupid we are to accept this "help" from the bankers and globalist elites. With "help" like that, who needs slavery?

- Tate Ulsaker

========================================

Proposed Law Would Put Video Cameras In CarsPosted by Swtnlovabl on August 10, 2010 at 10:16pm


View Swtnlovabl's blog

.SACRAMENTO (CBS13) ―

Lawmakers are considering controversial new legislation this week that would allow vehicles to be equipped with dashboard cameras to record the moments leading up to accidents.

The proposed law, AB1942, would promote safer driving habits and reduce accidents by permitting video recorders to be installed on the windshield.
The bill currently allows devices to record video, audio, how fast and which direction the vehicle is traveling, a history of where your car has been, steering and brake performance and seat belt usage.

The devices would record in a continuous loop and would only save information if there is unusual vehicle motion or a crash. They could also be capable of transmitting the information to a central control center the moment of the accident.

Proponents say there are enough safety measures to avoid an invasion of privacy, but others call the proposal a huge overreach of government power.

"Having devices like that, I think infringes on our privacy," said Patricia Lewis. "We have less of that as it is."

The American Civil Liberties Union said they are not opposed to the bill, but have a number of issues they would like to see addressed, including making sure the video monitor is the property of the car owner and ensuring the technology has an on-and-off switch.

Sunday, August 08, 2010




Economy Heading into Hyperinflatinoary GREATER Depression

John Williams of Shadowstats pushes Helicopter Ben Bernanke aside and gives us some meaty truth to nourish our minds.

All of the below text comes from the original article.  I only added the pictures.

Cheers, Tate


================================
http://www.marketoracle.co.uk/Article7540.html

Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression


Economics / Great Depression II

Aug 05, 2010 - 02:29 PM



By: The_Energy_Report





When Fed Chairman Ben Bernanke admits to seeing an "unusually uncertain" economy ahead, it's pretty terrifying to imagine what he's really thinking. What John Williams envisions—and he's by no means looking to the far horizon—is a systemic collapse, a hyperinflationary great depression and the cessation of normal commerce. Despite that bleak outlook, however, when the economist and editor of ShadowStats.com sat down for this exclusive Energy Report interview, he also had some good news.





The Energy Report: A few months back, John, you said, "if you strangle liquidity you always contract an economy and deliberately or not, liquidity is being strangled, resulting in sharp declines in consumer credit, commercial and industrial loans." Does this mean it would spur more economic growth if banks actually started lending?



John Williams: It sure wouldn't hurt. We're still seeing contractions in liquidity, and that's adjusted for inflation. In real terms, M3 money supply is down almost 8% year-over-year. It's the sharpest fall in the post -World War II era. It's not so much the depth of the decline in the liquidity or the duration, but the fact that the liquidity turns negative year-over-year that signals the economy turning down.



We had the signal in December of 2009 indicating intensification of the downturn, in this case, within six to nine months. We're in that timeframe now and see softening numbers. People are talking about a weaker economy. Even Mr. Bernanke has described the economy as "unusually uncertain" in terms of its outlook. Wording like that from the Fed is a pretty good indication that something's afoot.



TER: Why is M3 still contracting?



JW: Just as you noted, the banks are not lending. The money the Fed put into the system in terms of buying mortgage-backed securities from the banks and trying to help bank liquidity ended up back with the Fed as excess reserves. We have well over $1 trillion there; had the banks loaned that money in the normal stream of commerce, it would have added more than $10 trillion to the broad money supply, which otherwise is up around $14 trillion. That certainly would have had some inflationary impact if not in terms of actual business activity. You can't always get the economy to grow by pushing money into it. Sometimes it's like pushing on a string.



TER: And you say that a contracting money supply is a sure sign of trouble?



JW: When it contracts year-over-year adjusted for inflation, that's a signal for a downturn or an intensified downturn. It happens every time. Squeeze liquidity and business activity contracts.



On occasion, we've had recessions without a preceding downturn in the money supply. And sometimes, the money supply has turned positive but the economy has not followed—again, pushing on the string. Expanding money supply has led to upturns as well, so the Feds had to give it a try to stimulate the economy. But the one sure signal is the downturn. You don't get it often but it's very powerful when you do.



We're beginning to see the data break. Some unusual factors have been at work. I expect an accelerating pace of downturn in the next couple of months. The numbers will turn sharply worse. Consensus estimates are already moving in that direction and most everything will follow. Industrial production is still up but retail sales have been falling. Payroll numbers have been flat when you take out the effects of the census hiring. Those employment numbers will turn down in the next month or two, providing an important indicator of renewed economic contraction.



So we'll see how it develops, but we're at that turning point. It is happening as we speak. At the end of July, we got an estimate of the second quarter GDP, where the pace of annualized growth slowed to 2.4%. The early GDP estimates are very heavily guessed at, so most of the time you don't know if you're getting a positive or a negative number. You get a margin of error of plus or minus 3% around the early reporting. That happens also to be about average growth.



Nevertheless, on a quarter-to quarter-basis, I think we'll see GDP down again in the third quarter. With the bulk of the reported GDP in the first half due to inventory building, the stage for renewed contraction has been set. By then we'll find the consensus pretty much in the camp that we're in a double-dip recession. The popular press will describe it as a double dip, but we never had a recovery. Actually, this is just a very protracted, very deep downturn that has had a pattern of falling off a cliff, bottoming out, having a little bit of bump due to stimulus and then turning down again. Sort of shaped like the path of a novice skier going down a jump for the first time. Speeding sharply down the hill, he goes up in the air and starts spinning wildly as he tries to figure out which end is up with his skis. Then he takes a pretty bad tumble. We're beginning to spin in the air.



TER: But we've been in recession for three years now?



JW: The second leg that I'm talking about is the one now underway as we get to the middle of 2010. December 2007 is when this recession officially started, although I contend that it started earlier in 2007. At any rate, the economy plunged through 2008 and well into 2009. The numbers were pretty much bottom-bouncing during the second half of 2009. The auto deals and the homebuyer deals added a little spike to the growth pattern, but that growth was stolen from the future. It didn't create new demand.



Let me just clarify a bit. Recession, at least traditionally, was defined as two consecutive quarters of contracting real GDP growth adjusted for inflation. The National Bureau of Economic Research, the defining authority as to whether we're in a recession, will deny it, but at one time they used that general guideline as well. They've always used other numbers, too, such as employment and industrial production, trying to time the beginning or the end of a recession to a particular month. Significantly they did not call an end to this recession. They said it was too early to call, but I think they had a pretty good sense of what was going to happen. So what we're seeing now just looks like an ongoing deep recession. The next down leg is going to be particularly painful and I'm afraid particularly protracted.



TER: Can the governments pull any more stimulus levers yet this year?



JW: Oh, I think they'll try, but nothing much they can do will have anything other than short-term impact. If they write everyone a check, people go out and buy things. That would give the economy a quick boost but do nothing to change the underlying fundamentals or to correct the structural problems in this recession. Those are tied to the lack of robust growth in consumer income.



TER: So consumer income is a key factor.



JW: Absolutely. If you put in housing that's related to the consumer, that's three-quarters of the GDP. The average household is not staying ahead of inflation, and unless income grows faster than inflation, the economy won't grow faster than inflation—and that means that GDP is not growing. Income sustains consumption. When income grows, consumption grows. The only way to have sustainable long-term economic growth is to have healthy growth in income. You can buy some short-term economic growth, though, without growth in income, through debt expansion, which is what Greenspan tried.






Most of the growth we'd seen in the last decade prior to this downturn was due to debt expansion. The debt structures have pretty much been put through the wringer and consumers are not expanding credit, generally because it's not available to them. Absent debt expansion and/or significant growth in income, no way can the consumer expand personal consumption. You have to address employment, quality of jobs.



TER: You're suggesting that problems with the quality of jobs, if not the quantity, goes back to Greenspan—before the recession kicked in.



JW: Yes. A lot of high-paying jobs have been lost to offshore competition, to U.S. companies moving facilities offshore and to outsourcing offshore. That's been the primary driver of declining household income.



TER: We no longer really have the option of expanding the debt and it's doubtful that even short-term stimulus will have much impact. Looking at this next leg down against that backdrop, what projections would you make about unemployment, housing prices, GDP as we look through the end of 2010 and into '11?



JW: Unemployment will be a lot worse than most people expect. Housing will continue to suffer in terms of weak demand. But in this crazy, almost perverse circumstance, the renewed weakness to a large extent will help push us into higher inflation. Real estate tends to do better with higher inflation, but it's not going to be a happy circumstance for anyone.



The government is effectively bankrupt. Using GAAP accounting principles, the annual deficit is running in the range of $4 trillion to $5 trillion. That's beyond containment. The government can't cover it with taxes. They'd still be in deficit if they took 100% of personal income and corporate profits. They'd also still be in deficit if they cut every penny of government spending except for Social Security and Medicare. Washington lacks the will to slash its social programs severely, to change its approach to ever bigger government. The only option left going forward is for the government eventually to print the money for the obligations it cannot otherwise cover, which sets up a hyperinflation.



All of what I just described was already in place when the systemic solvency crisis broke. Before this crisis the government was effectively bankrupt. In response to the crisis, the government may have gone beyond what it had to do, but you err on the side of conservatism when you're trying to prevent a systemic collapse. That was a real risk. It still is. Irrespective of the politics of big government spending, quantitative easing, renewed bailing out of banks, whatever is involved, I'd argue that the government still will do whatever it takes to prevent a systemic collapse. That last series of actions had the effect of rapidly exploding the deficit. In just a year, we went from something under $500 billion in official reporting, on a cash basis as opposed to GAAP basis, to something close to $1.5 trillion.



TER: How big will that deficit grow in this second painful and protracted period?



JW: I can't give you a hard number, but I can tell you this. The markets came into this year on consensus projections that we'd have positive economic growth. Forecasts for the federal deficit, treasury funding, banking system solvency, etc. all were based on assumptions of recovery, of positive growth. Those assumptions presumably still underlie what I consider to be an irrational stock market.



But those projections and assumptions were wrong. We're going to have negative growth. The downturn will intensify. We're not in recovery. We have states on the brink of bankruptcy. The federal government isn't going to let California or New York or Illinois collapse. Those are threats to the systemic survival. They're also going to spend a lot more to support people on unemployment. Again, putting aside election year politics and such, the banking industry will need further bailout as solvency issues come to a head again. The federal deficit is going to balloon. It's going to blow up much worse than any formulas would give you, and Treasury funding needs will explode.



TER: Clearly you see us spiraling out of control.



JW: We've been talking about an economic recession, but we are headed for something far worse. I define a depression as a 10% peak-to-trough contraction in the economy. In terms of the broad economy, we're not down 10% in GDP yet. So while we're not formally in depression, we're certainly seeing it in a number of indicators and I think we'll be in a depression, with GDP down 10%, in the near future.



A contraction greater than 25% peak-to-trough puts you in a great depression. That is what I envision, but we'll be taken there by hyperinflation and a resultant cessation of normal commerce.



TER: Hyperinflation means different things to different people. How do you define it?



JW: My definition has been and will remain very simple. When the largest-denomination note in circulation—the $100 bill in the case of the U.S. dollar—has the same value as toilet paper, you have a hyperinflation. You saw that in the Weimar Republic. People papered their walls with money.



TER: I think you've said that the only reason that Zimbabwe's economy survived is because they started using dollars as black market currency.



JW: But you don't have anything like that in the United States as a backup. We're going to have a much rougher time in the U.S., of all places, than they had in Zimbabwe. Zimbabwe was able to function because people could exchange the local currency into dollars, and then buy things with the dollars, so the economy continued to function. Without some kind of a backup system, as the currency becomes worthless you'll see disruptions to key supply chains. When people don't have food, you end up in very dangerous circumstances.



TER: Do you see any real potential for precious metals or another currency as a backup?



JW: Well, yes. I think they will become a backup fairly quickly, but we don't have any widely developed black market for another currency at this point because the dollar remains the world's reserve currency. All sorts of things may develop that we don't anticipate. What will be used to cover for the dollar? Gold and silver? The precious metals are limited in supply and not widely held by the population in general. Hard currency from Canada or Australia? That wouldn't be in wide circulation, at least not early on. I think a barter system is where it will go until the currency system is stabilized, but the currency system can't stabilize until the government's fiscal house is in order.



There's no sense in setting up a currency on a gold standard if you can't live within your means, because you'd just end up going through successive devaluations against gold. So whatever's done to set up a new currency system will have to be in general conjunction with the overhaul of the government's fiscal condition. But in the interim, something of a barter system would evolve. Even that, though, is something that may take six months to get stabilized.



TER: It's hard to imagine.



JW: In the Weimar Republic, you could go into a fine restaurant one evening and enjoy its most expensive bottle of wine with a nice dinner. You'd probably negotiate the price before you sat down, because the price would be higher by the time you finished dinner. By the next morning the empty wine bottle would be worth more as scrap glass than it had been worth as an expensive bottle of wine the night before. That's how rapidly things change in a hyperinflation.



But we have a circumstance that did not exist in the Weimar Republic. Our society is heavily dependent on electronic cash. Say you have a credit card with a $10,000 limit. In hyperinflation, that $10,000 might be enough to buy you a loaf of bread.



TER: There's not even enough physical cash running around anywhere in the United States that actually represents what goes back and forth electronically. If you can't use your debit card, how do you pay for your coffee at Starbucks? And how will companies and banks adjust?



JW: You're not going to have electronic payments that are in-barter equivalent that I can foresee. That would be a fairly sophisticated system and the needs are going to be immediate. When hyperinflation starts to break, it can unfold in a matter of weeks, months. You'll need to be able to handle things rapidly. Frankly I think the system will tend to break down. It's not a happy circumstance. How will a small company get its goods to people? There might be blackouts. Who's going to get the fuel to the power plants?



TER: And to the gas stations for the cars for people who still have jobs?



JW: Yup. It will get very difficult. Society won't run as we're used to it. People will find a way, but it's going to take a little while for that to stabilize.



In an electronic society it's going to take some creative thinking by businesses. I'm sure some people will figure out some ways to accommodate these changes, but it's going to be a painful, costly process that won't be conducive to normal revenue flows—at least not as measured in inflation-adjusted dollars.



TER: I'm almost afraid to ask, but how will the stock markets fare when the system breaks down?



JW: Stocks generally tend to reflect inflation, since revenues and profits are in inflated dollars. If you look at stock prices adjusted for inflation, you can have a bear market as well as a bull market. But these are not going to be good economic times. So I think we're going to have a real bad stock market adjusted for inflation. I'd stay out of stocks in the U.S. With the U.S. markets in serious trouble, the rest of the world probably will see lower stock prices as well, but they're not going to have the hyperinflation.



TER: What will plunge us into this abyss? And when?



JW: I think the odds are extremely high that we'll see it break within the next year. I would put it six months to a year, outside. We're getting extraordinary protestations from other central banks about the U.S. finances, its solvency, risk of the dollar. Before the current crisis you never would have heard any central banker making such comments. As this breaks, it's going to be obvious that the U.S. is moving to debase its dollar. It'll have no option to do otherwise. I would fully expect some foreign holders looking to dump the Treasuries. With the dollar plunging, the Treasury won't be able to get the funding that it needs from a practical standpoint in the open markets.



The Fed will come in to salvage that situation, becoming the lender of last resort to the Treasury—literally monetizing the Treasury debt. The Fed might have a couple different ways to address the dollar situation, from raising interest rates to direct intervention, slapping on currency controls. I can't tell you exactly how it's going to go. But you'll have an environment that's effectively creating a perfect storm for the U.S. dollar. I hate to use the term but it's a good one.



Heavy dollar selling will be exceptionally inflationary. Oil prices will spike in response to the weakness in the dollar. Oil is a primary commodity that drives consumer inflation; that's how you can have inflation in a recession. The traditional wisdom is that strong demand against limited supply causes inflation, but you can also have inflation due to commodity price distortions, which is what we had back in '73 and what we've seen over the last year or so.



Most of the recent volatility in the CPI has been due to swings in oil prices, which have been directly tied to swings in the value of the U.S. dollar. About $7 trillion in liquid dollar assets that overhang the market outside the U.S. could be dumped overnight. We're going to be seeing a lot of pressure to accept that back in our system, and it will be very inflationary. The Fed's options will be limited, but again I'd expect them to try and maintain systemic solvency.



So what we end up with is a circumstance where the dollar is under heavy selling pressure. People will feel the squeeze on their inflation-adjusted income with much higher prices for gasoline and fuel oil. The route to the monetary inflation will take hold from the Fed's direct monetization of Treasury debt. As we discussed earlier, the mortgage-backed securities taken off the bank balance sheets have generally gone to excess reserves and are sitting with the Fed. That hasn't been inflationary so far because it hasn't gone into the money supply.



TER: How do we get through this, John?



JW: If there's no solution for the system—and I don't see one; I think it just has to run its course—there still is good news. We as individuals have ways of protecting ourselves, our families, our friends, our businesses—whatever is important to us. To do that we have to preserve the value of our wealth and assets in order to ride out the storm. As terrible as it will be, it will end. A time will come when things become self-righting and the people who have been able to survive will be able to do some extraordinary things.



TER: And what do you advocate in terms of individuals preserving wealth and assets?



JW: Hold some gold, silver, precious metals. I'm talking physical possession. Preferably coins because coins, sovereign coins, are recognized as such. They don't have liquidity issues. Having some assets outside the U.S., and certainly some assets outside the U.S. dollar, is a good thing. I like the Australian dollar, the Canadian dollar, the Swiss franc in particular. They won't suffer the same hyperinflation in Australia, Canada and Switzerland as we do in the U.S., so those currencies will tend to act as ways of preserving wealth. Over time real estate is a traditional store of wealth, but it's not portable and sometimes it's not liquid.



If I'm right about what's going to unfold, a significant shift in government is possible; suppose the government moved so far to the left where maybe private ownership of property was not allowed. Having a lot of assets in real estate under those circumstances might not be so good. I think generally real estate is a good bet but you also have to consider the risks. Use common sense. Think through different things that could happen.



Most importantly, build up a store of supplies, more than you would normally consume over a couple of months, particularly food and water, canned goods. Having those goods can save your life in a number of ways. You'd have food to eat, and if you have extra you can use it to barter. I met a guy who'd been through hyperinflation and found for purposes of the barter system those airline-size bottles of high-quality scotch proved quite valuable. Buy things that you would otherwise consume and rotate your inventory. Don't go out buying all sorts of things you'll never use. Keep what makes sense to you and your circumstances. Make sure you have things that are stable. Not too perishable.



I had a professor at Dartmouth who'd lived for a while in a hyperinflationary environment that devolved into a barter system. He told a story about how his father had traded his shirt for a can of sardines. He decided to eat the sardines, which was a mistake because they had gone bad. But nonetheless that can of sardines had taken on monetary value. So when you look to trade things you want to be careful what you're doing.



TER: How long does a hyperinflation environment typically last?



JW: I guess it depends on how comfortable people can be in the environment. It went on for a couple of years in Zimbabwe, but they were able to function. Here, in a system that can't function well with it, it's not going to last too long. You won't have a usable currency. It's likely a barter system would evolve, and if it became stable and functioned well, it could last for a while. People don't want to starve. If that's a real risk, they will take action to protect themselves. We may have rioting in the streets. The government might declare martial law. If people can live comfortably with hyperinflation it would tend to linger. The more difficult things are, the faster people will move to remedy it.



TER: Well on that note is there anything that we can do as voting citizens to turn this around? Or minimize the impact?



JW: If things break slowly enough that people can see what's coming and respond, tremendous change may result from what comes out of elections. Incumbents are going to have a rough time. The circumstance is open for the development of a major third party that could knock out either the Republicans or the Democrats as a second party. Over time, pocketbook issues tend to dominate elections. If things are going well, if people are prosperous, they ignore the corruption in political circles as being just part of the system. But when they're hurting, they turn out the bastards and look to put in some change. We sure need change. I can tell you that. It's not just one party. Both major parties have an equal share of guilt in what's unfolding. . .whichever one is in power keeps making it worse.



TER: Not very happy thoughts, John, but we appreciate your insights and look forward to talking with you again as we move through these trying times.



Walter J. "John" Williams, is a Baby Boomer who has been a private consulting economist and a specialist in government economic reporting for more than 25 years, working with individuals and Fortune 500 companies alike. He received his AB in economics, ***** laude, from Dartmouth College in 1971, and earned his MBA from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. John, whose early work prompted him to study economic reporting and interview key government officials involved in the process, also surveyed business economists for their thinking about the quality of government statistics. What he learned led to front page stories in the New York Times and Investor's Business Daily, considerable coverage in the broadcast media and a joint meeting with representatives of all the government's statistical agencies. Despite a number of changes to the system since those days, he says that government reporting has deteriorated sharply in the last decade or so. On the bright side, it keeps John and his economic consultancy, Shadow Government Statistics, in the limelight. His analyses and commentaries have been featured widely in the popular domestic and international media.



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