Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts

Sunday, June 16, 2013

Is our government preparing for a national emergency related to climate or energy?

Was this covered at the Bilderberg conference in the UK last week? Will it be discussed at the G8 conference coming up? Did Obama and Chinese prime minister Xi discuss it while in California? We are only learning of what is being discussed behind closed doors because of a newspaper in the UK and an NSA leak from Snowden.  Why doesnt the American press cover these topics in greater depth?

What does all this have to do with the FEMA camps that have erected all over the country or Obama's shift to focus on "homegrown terrorism" as stated in his National Security speech a couple of weeks back?

How do natural disasters affect banks? With over $220 trillion dollars in derivatives on the books of the big four banks in the US, just one bad bet could mean the end of FDIC and with the Cyrpus style bail-in legal framework in place in the Dodd Frank Act, we could all see our savings evaporate.  What kind of civil unrest would that cause?


See this article:
In March, President Barack Obama's science advisers sent him a list of recommendations on climate change. No. 1 on the list: "Focus on national preparedness for climate change."


Now read this article:

Pentagon bracing for public dissent over climate and energy shocks

NSA Prism is motivated in part by fears that environmentally-linked disasters could spur anti-government activism
Leo blog : A gas flare burns at a fracking site in rural Bradford County Pennsylvania
US domestic surveillance has targeted anti-fracking activists across the country. Photograph: Les Stone/REUTERS
Top secret US National Security Agency (NSA) documents disclosed by theGuardian have shocked the world with revelations of a comprehensive US-based surveillance system with direct access to Facebook, Apple, Google, Microsoft and other tech giants. New Zealand court records suggest that data harvested by the NSA's Prism system has been fed into the Five Eyesintelligence alliance whose members also include the UK, Canada, Australia and New Zealand.
But why have Western security agencies developed such an unprecedented capacity to spy on their own domestic populations? Since the 2008 economic crash, security agencies have increasingly spied on political activists, especially environmental groups, on behalf of corporate interests. This activity is linked to the last decade of US defence planning, which has been increasingly concerned by the risk of civil unrest at home triggered by catastrophic events linked to climate changeenergy shocks or economic crisis - or all three.
Just last month, unilateral changes to US military laws formally granted the Pentagon extraordinary powers to intervene in a domestic "emergency" or "civil disturbance":
"Federal military commanders have the authority, in extraordinary emergency circumstances where prior authorization by the President is impossible and duly constituted local authorities are unable to control the situation, to engage temporarily in activities that are necessary to quell large-scale, unexpected civil disturbances."
Other documents show that the "extraordinary emergencies" the Pentagon is worried about include a range of environmental and related disasters.
In 2006, the US National Security Strategy warned that:
"Environmental destruction, whether caused by human behavior or cataclysmic mega-disasters such as floods, hurricanes, earthquakes, or tsunamis. Problems of this scope may overwhelm the capacity of local authorities to respond, and may even overtax national militaries, requiring a larger international response."
Two years later, the Department of Defense's (DoD) Army Modernisation Strategy described the arrival of a new "era of persistent conflict" due to competition for "depleting natural resources and overseas markets" fuelling "future resource wars over water, food and energy." The report predicted a resurgence of:
"... anti-government and radical ideologies that potentially threaten government stability."
In the same year, a report by the US Army's Strategic Studies Institute warned that a series of domestic crises could provoke large-scale civil unrest. The path to "disruptive domestic shock" could include traditional threats such as deployment of WMDs, alongside "catastrophic natural and human disasters" or "pervasive public health emergencies" coinciding with "unforeseen economic collapse." Such crises could lead to "loss of functioning political and legal order" leading to "purposeful domestic resistance or insurgency...
"DoD might be forced by circumstances to put its broad resources at the disposal of civil authorities to contain and reverse violent threats to domestic tranquility. Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance."
That year, the Pentagon had begun developing a 20,000 strong troop force who would be on-hand to respond to "domestic catastrophes" and civil unrest - the programme was reportedly based on a 2005 homeland security strategywhich emphasised "preparing for multiple, simultaneous mass casualty incidents."
The following year, a US Army-funded RAND Corp study called for a US force presence specifically to deal with civil unrest.
Such fears were further solidified in a detailed 2010 study by the US Joint Forces Command - designed to inform "joint concept development and experimentation throughout the Department of Defense" - setting out the US military's definitive vision for future trends and potential global threats. Climate change, the study said, would lead to increased risk of:
"... tsunamis, typhoons, hurricanes, tornadoes, earthquakes and other natural catastrophes... Furthermore, if such a catastrophe occurs within the United States itself - particularly when the nation's economy is in a fragile state or where US military bases or key civilian infrastructure are broadly affected - the damage to US security could be considerable."
The study also warned of a possible shortfall in global oil output by 2015:
"A severe energy crunch is inevitable without a massive expansion of production and refining capacity. While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions."
That year the DoD's Quadrennial Defense Review seconded such concerns, while recognising that "climate change, energy security, and economic stability are inextricably linked."
Also in 2010, the Pentagon ran war games to explore the implications of "large scale economic breakdown" in the US impacting on food supplies and other essential services, as well as how to maintain "domestic order amid civil unrest."
Speaking about the group's conclusions at giant US defence contractor Booz Allen Hamilton's conference facility in Virginia, Lt Col. Mark Elfendahl - then chief of the Joint and Army Concepts Division - highlighted homeland operations as a way to legitimise the US military budget:
"An increased focus on domestic activities might be a way of justifying whatever Army force structure the country can still afford."
Two months earlier, Elfendahl explained in a DoD roundtable that future planning was needed:
"Because technology is changing so rapidly, because there's so much uncertainty in the world, both economically and politically, and because the threats are so adaptive and networked, because they live within the populations in many cases."
The 2010 exercises were part of the US Army's annual Unified Questprogramme which more recently, based on expert input from across the Pentagon, has explored the prospect that "ecological disasters and a weak economy" (as the "recovery won't take root until 2020") will fuel migration to urban areas, ramping up social tensions in the US homeland as well as within and between "resource-starved nations."
NSA whistleblower Edward Snowden was a computer systems administrator for Booz Allen Hamilton, where he directly handled the NSA's IT systems, including the Prism surveillance system. According to Booz Allen's 2011 Annual Report, the corporation has overseen Unified Quest "for more than a decade" to help "military and civilian leaders envision the future."
The latest war games, the report reveals, focused on "detailed, realistic scenarios with hypothetical 'roads to crisis'", including "homeland operations" resulting from "a high-magnitude natural disaster" among other scenarios, in the context of:
"... converging global trends [which] may change the current security landscape and future operating environment... At the end of the two-day event, senior leaders were better prepared to understand new required capabilities and force design requirements to make homeland operations more effective."
It is therefore not surprising that the increasing privatisation of intelligence has coincided with the proliferation of domestic surveillance operations against political activists, particularly those linked to environmental and social justice protest groups.
Department of Homeland Security documents released in April prove a "systematic effort" by the agency "to surveil and disrupt peaceful demonstrations" linked to Occupy Wall Street, according to the Partnership for Civil Justice Fund (PCJF).
Similarly, FBI documents confirmed "a strategic partnership between the FBI, the Department of Homeland Security and the private sector" designed to produce intelligence on behalf of "the corporate security community." A PCJF spokesperson remarked that the documents show "federal agencies functioning as a de facto intelligence arm of Wall Street and Corporate America."
In particular, domestic surveillance has systematically targeted peaceful environment activists including anti-fracking activists across the US, such as the Gas Drilling Awareness Coalition, Rising Tide North America, the People's Oil & Gas Collaborative, and Greenpeace. Similar trends are at play in the UK, where the case of undercover policeman Mark Kennedy revealed the extent of the state's involvement in monitoring the environmental direct action movement.
University of Bath study citing the Kennedy case, and based on confidential sources, found that a whole range of corporations - such as McDonald's, Nestle and the oil major Shell, "use covert methods to gather intelligence on activist groups, counter criticism of their strategies and practices, and evade accountability."
Indeed, Kennedy's case was just the tip of the iceberg - internal police documents obtained by the Guardian in 2009 revealed that environment activists had been routinely categorised as "domestic extremists" targeting "national infrastructure" as part of a wider strategy tracking protest groups and protestors.
Superintendent Steve Pearl, then head of the National Extremism Tactical Coordination Unit (Nectu), confirmed at that time how his unit worked with thousands of companies in the private sector. Nectu, according to Pearl, was set up by the Home Office because it was "getting really pressured by big business - pharmaceuticals in particular, and the banks." He added that environmental protestors were being brought "more on the radar." The programme continues today, despite police acknowledgements that environmentalists have not been involved in "violent acts."
The Pentagon knows that environmental, economic and other crises could provoke widespread public anger toward government and corporations in coming years. The revelations on the NSA's global surveillance programmes are just the latest indication that as business as usual creates instability at home and abroad, and as disillusionment with the status quo escalates, Western publics are being increasingly viewed as potential enemies that must be policed by the state.
Dr Nafeez Ahmed is executive director of the Institute for Policy Research & Development and author of A User's Guide to the Crisis of Civilisation: And How to Save It among other books. Follow him on Twitter @nafeezahmed

Sunday, May 19, 2013

More Hope than Tragedy Awaits Us All if Glass-Steagall is Passed

Background


Despite all the tragedy filling the airwaves these days, there is a glimmer of hope.  After many years of obvious deception, fraud, and blatant theft both by investment and commercial bankers, lawyers, and accountants, there could be a restoration of the banking sector to its original purpose and scale.


Paving the Way for Economic Crises



The Glass-Steagall Act was repealed in 1999 under pressure from Wall Streetbankers trafficking in bundled subprime mortgages, derivatives, collateralized debt obligations, credit default swaps and the like. Inventing evermore exotic investment vehicles, the money movers pumped up a global financial bubble that eventually burst.

Officially it was blandly named the Banking Act of 1933 but around the world it is better known as Glass-Steagall, the ground-breaking piece of legislation that prevented commercial banks which took deposits from embarking on risky trading activities.

Carter Glass and Henry Steagall were the revolutionaries of the time. The years after the Great Depression sparked a debate in the US about how to prevent such devastation hitting the economy again, after nearly 5,000 banks collapsed.


Glass-Steagall forced commercial and investment banks to separate. Commercial banks were not allowed to underwrite the sales of stocks and bonds, while investment banks could not take in deposits from customers.

It remained in place for half a century before it was repealed in 1999 through the Financial Services Modernisation Act, again better known by the names of the politicians who promoted the legislation – Gramm, Leach and Bliley.

Since 1999, banks have been allowed to use commercial deposits and assets as fuel for securities trading on the derivatives market. Because commercial and speculative assets are so heavily comingled, the government is forced to protect the assets of banks making risky bets through near perpetual bailouts and purchasing of toxic debt.  It was the derivatives bubble that blew up the system and bankrupted the US banks in the 2007-2008 crash. 

Restoring Proper Financial Regulation 


Glass-Steagall forces separation of commercial from investment banks, it ends Too Big To Fail, bars government bailouts, and will stop the onset of hyperinflation.

On Friday Sen. Tom Harkin (D-Ia.) introduced Senate Bill 985 (#SB985) to reinstate Glass Steagall. While the full text of the Harkin bill has not yet been posted by the Library of Congress, the fact that there is now a Senate bill to reinstate full separation of commercial banking from all other brokerage and speculative activities is a dramatic development. The fight for Glass Steagall has now moved to a new level.

This comes at a very precise and fortunate time.  Earlier this year, Rep. Marcy Kaptur, D-Ohio, introduced HR 129 to restore Glass-Steagall, saying, “The response of Congress to the 2008 financial crisis has been completely inadequate.”  Currently #HR129 – The Return to Prudent Banking Act– has 60 bipartisan co-sponsors in the House.  Four states have passed resolutions calling for reimplementation of Glass-Steagall, and a dozen other legislatures, including Virginia’s, are considering similar measures.


Specifically, the draft legislation has four components:

1. Commercial Banking institutions have one year to divest themselves of all non-commercial banking units, with no cross management or ownership between commercial and non-commercial units.

2. Commercial Banks are barred from using more than 2% of its capital for the creation, sale, or distribution of securities (certain bank-qualified securities are exempted)

3. Prevents Commercial Banks from loaning their commercial deposits into such vehicals as would support the creation and circulation of securities.

4. No securities of low or potentially low value can be placed by a bank into its insured commercial bank units. * Adds provision stating Glass-Steagall is the preeminant regulator of the banks, limiting banks from putting its depositors and shareholders at risk.

What is important about this legislation over all others is that there would be absolutely no room for loopholes.  There can be no accidental oversight or negligence.  Investment banking would be completely separated from commercial banking.   

This is NOT to be confused with the red herring that Obama supported earlier in his first term, known as the "Volcker rule" named after former Federal Reserve chairman Paul Volcker .  That was a more complicated piece of legislation meant to stall real effective rules.  There is a reason for that.  Obama has received millions of dollars from investment banks, just like Romney, Bush, and all other presidential candidates.  The banks always hedge their bets and play both sides against the other.  DO NOT BE DECEIVED THIS TIME!

Additional Commentary


If you need more details on the Glass-Steagall Act of 1933 and why it is important to restore, watch this video.  Max Keiser is an excellent financial news reporter that does not hold back any punches for any banker fraud and conspiracy.


And in case you need still more reason to support restoring Glass-Steagall, hear what Elizabeth Warren has to say about it.  Remember she was warning us all of the impending doom from 2005-2008 as the housing bubble and financial crisis was bubbling.




If you want to know more about who was responsible for repealing Glass-Steagall, watch this video and look to Alan Greenspan.


Thursday, September 8, 2011

Internal Goldman Documents Predict Global Collapse of 2012

GS_StateOf the Markets

Friday, May 27, 2011

Soviet #collapse lessons for #USA and #EU? #2012 #peakoil #IMF #DSK

Clipped from www.theoildrum.com

Peak oil and the Fall of the Soviet Union: Lessons on the 20th Anniversary of the Collapse

Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However, a more plausible explanation is the decline in Soviet oil production caused by peak oil. This gives the world an example of a modern economy confronted by peak oil and what lessons we can learn from it.

Read more at www.theoildrum.com
 

Stanford and BDO Ponzi Scheme #CDS #collapse #global #economy #IMF contributes #transition #peakoil

Its happening. The fallout of the financial crisis of 2008 is finally unfolding around the world. Expect to see 3-10 EU nations default by December 2011

Clipped from www.bloomberg.com

“BDO’s cozy relationship with the Stanford Financial Group
was steeped in conflicts of interest and required ongoing
deception and duplicitous manipulation of the facts to enable
the Ponzi scheme to grow exponentially for over a decade,”
investors said in the complaint. “The result is the loss of
thousands of investors’ life savings.”

Stanford Investors Sue Former Auditor BDO US for $10.7 Billion Over Fraud

Read more at www.bloomberg.com
 

Tuesday, May 24, 2011

Hemp as part of #USA #energy policy #2012 #colapse #peakoil

Clipped from www.beyondpeak.com

Hemp

Beyond Peak Oil

Peak Oil hemp cartoon

Hemp vs. Marijuana



Similarities




  • Hemp and marijuana are varieties of the Cannabis sativa plant.

  • They're both illegal to grow in the United States, although hemp products are legal.

  • Both have similar aromas when in bloom.



Differences




  • Smoking marijuana makes the user high. Smoking hemp doesn't. (Hemp contains less than 1 percent of the active ingredient THC, marijuana has 10 to 20 percent.)

  • Marijuana plants tend to be short and bushy, hemp can be as high as 25 feet tall.

  • Marijuana can be used to smoke or eat. Hemp can be used to produce more than 25,000 products.
Read more at www.beyondpeak.com
 

Wednesday, May 18, 2011

Great News: US Manufacturing Wages Will Be Lower Than China's in 5 yrs @collapse #peakoil @chrislhayes @maddow

Really? The BCG study suggests that US manufacturing workers are 3x more productive than China's, that their wages are growing rapidly, and that companies are opening plants in the US because labor is so cheap.

Chinese manufacturing cant grow 17% a year for 5 yrs without ENERGY and we understand that China is facing the worst energy crisis ever.
http://www.foxnews.com/world/2011/05/17/chinas-energy-crisis/?test=latestnews

So where will the US get all the natural resources and steel needed to manufacture goods? Especially with oil costing more than $120 a barrel?

Ok, here is the jobs plan from US politicians.

Oh, but wait it also says this: If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing.

That means US Sweat Shops Likely - productivity means more hours, no unions, no healthcare, etc. USD drops and thats good for us! Yahoo.

Clipped from econintersect.com
manufacturing Econintersect (Updated May 5):  According to a report by the Boston Consulting Group (BCG), manufacturing is on the increase within the the U.S.  The study concludes that the U.S. will surpass China in manufacturing production of goods sold in North America over the next four years.  The U.S. lost the world lead in manufacturing that it had held for most of the twentieth century during the weak recovery from The Great Recession.  According to data from IHS Global Insight, quoted by the Financial Times, China had 19.8% of world manufacturing output with the U.S. second at 19.4% in 2010.
A key factor in the U.S. manufacturing resurgence comes from labor productivity, which is more than 3x that of China.  With the wages in China growing at a much higher rate than in the U.S. the productivity advantage is drawing domestic production back home, especially for the "more sophisticated" producrs mentioned in the FT article.
Among the U.S. corporations mentioned by the FT which have announced plans for major investments in new U.S. manufacturing are Caterpillar, General Electric and Ford.  In the first quarter of 2011 manufacturing production in the U.S. rose by 9.1% (annual rate), making it the fastest growing segment in the U.S. economy.
On May 5, as discussed at GEI Analysis by Steven Hansen, The BLS (Bureau of Labor Statistics) reported an unexpected drop in labor productivity growth.  Productivity is a key component of the projections for manufacturing reported in this news brief.  If the U.S. can not maintain or expand its wide productivity advantage vs. China the the projections quoted are likely to be modified to the detriment of U.S. manufacturing. 
The BCG study says that Chinese manufacturing wage costs seem likely to rise 17 per cent a year in the next five years, compared with only 3 per cent a year in the US.
Read more at econintersect.com
 

Friday, April 22, 2011

Collapse of Industrialized World

This is a great film that should be understood by most and should not be construed as the liberal media agenda. National Geographic should be a trusted source of what's going on in the world.

Clipped from movies.netflix.com

National Geographic: Collapse

National Geographic: Collapse

This National Geographic production looks ahead to a bleak hypothetical future, in which our civilization has completely collapsed. In the year 2210, a team of scientists set out to learn exactly what took down our seemingly indestructible society. Did we make the same mistakes the Romans, Incas and Mayans did that led to the collapse of their empires, or did a whole new set of circumstances lead to our downfall?

Read more at movies.netflix.com
 

Thursday, April 21, 2011

Fossil Fuel's Last Ditch Effort #peakoil

Oil and gas companies that refuse to accept the finiteness of the resources they plunder are making every effort to stall the transition to renewables. What they fail to realize is that stalling with mean their demise will come even faster.

See Michael Ruppert's "Collapse"

Clipped from www.guardian.co.uk

Fossil fuel firms use 'biased' study in massive gas lobbying push

Industry urging governments and business to reject renewables in favour of 'green' shale gas

Is shale gas as green as the companies say?

Read more at www.guardian.co.uk
 

Thursday, April 14, 2011

Who's UR Daddy? Banks, Oil, Pharma,Govt?

So this farmer says he is beholden to oil (fertilizer) and oil / pharma (drugs) and he is against all those that live off of government aid.

Clipped from www.ritholtz.com
I am a rancher and produce enough beef to feed approximately 6,000 people. But having to do that without cheap fuel, fertilizer, and life-saving drugs for the cattle, I will produce much less. But protein is one of the necessities needed to survive and something the pioneers treasured. If you succeed and prosper as our great country makes its comeback, you will have moved up the ladder of social and economic ranking. Survival of the fittest, and we will be rid of all those who live off of government aid. So don’t be caught with just a lot of gold and silver when the collapse comes. Sell some and buy the tools you will need to survive so you can use the metals latter when civilization returns.

The ‘How’ of a Collapse Is Not Our Only Concern

See more at www.ritholtz.com