Friday, May 27, 2011

Renewable amd clean energy with #hemp oil to fuel economic recovery, reduce deficit

Honestly, non narcotic strains should be legal across the country

Clipped from www.suite101.com

Hemp Fuel For a Better World

Liberate Hemp - Peter Terry

Hemp cultivation could potentially produce enough biofuel to replace fossil fuels, easing pollution and global warming problems.
Read more at www.suite101.com
 

Close the budget deficit with medical marijuana #2012 #hemp

How To Break Into The $1.7 Billion Medical Marijuana Industry

Cannabis plant
See more at www.businessinsider.com
 

#GE only plan to produce #solar for 80000? USA has 100M households

This is one of the worlds largest companies and this is the best they can do. And the CEO gets a seat next to Obama?

Clipped from peakoil.com

Solar May Be Cheaper Than Fossil, Nuclear Power in Five Years, GE Says

The thin-film panels will be manufactured at a plant that GE intends to open in 2013. The company said in April that the factory will have about 400 employees and make enough panels each year to power about 80,000 homes.

Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. (GE)

Read more at peakoil.com
 

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
 

Pemex At Lowest Levels Ever while Carstens Makes a Bid for IMF #peakoil #collapse #dsk

You can be sure that Carlos Slim is heavily invested in PEMEX bonds which essentially is privatizing without public support

Clipped from www.bloomberg.com

Pemex Oil Output Declines at Fastest Rate Since World War II

Jan. 20 (Bloomberg) -- Petroleos Mexicanos, Mexico’s state
oil company, will probably report its fastest drop in production
since 1942, eroding revenue as plunging crude prices limit the
amount of cash available to drill for new reserves.

Pemex last year likely extracted 2.8 million barrels a day,
down about 9 percent from the 3.08 million a day pumped in 2007,
representing a total of $20 billion in lost sales, according to
data compiled by the government and Bloomberg. The Mexico City-
based company, which had revenue of $104 billion in 2007, plans
to report annual production figures tomorrow.

“The fall
in oil prices and lower production is going to make expensive
exploration projects less attractive now.”

Pemex’s “biggest problems have yet to come,” said
Alejandro Schtulmann, head of research at Empra, a political-
risk consulting firm in Mexico City, in an interview. “The fall
in oil prices and lower production is going to make expensive
exploration projects less attractive now.”

Read more at www.bloomberg.com
 

Windfall profits tax on banks and big oil #collapse #teaparty #dems

You're About To Hear The Words "Windfall Profits Tax"

Similarities between 2011 and 2008 are piling up.

So it only stands to reason, that with big oil set to report near-record earnings, per the WSJ and with anyone complaining about higher gas prices, that we revisit the Democrats' big idea from 2008. It was in May of that year that this idea seriously got debated.

Read more at www.businessinsider.com
 

In the coming global economic #collapse, the USA wont be 1st #CDS #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

Default Swaps Trading on U.S. Debt Doubles on Deficit Wrangling

A total of 819 contracts covering a net notional $4 billion
of debt were outstanding as of May 20, up from 449 contracts
covering $2 billion a year ago, according to the Depository
Trust & Clearing Corp.
Average daily trading volume surged to
$490 million last week from $10 million the week before, making
the U.S. the fourth most active among 1,000 contracts tracked by
DTCC, up from 633rd.

“In a way, it’s worse than in Greece because no one can
bail out the U.S.,” said Georg Grodzki, the London-based head
of credit research at Legal & General Investment Management,
which oversees $580 billion of assets. “Complete political
paralysis is OK if your deficit is 3 percent, but not if it’s 10
percent.”

This year’s federal budget deficit is projected to reach
$1.5 trillion, or 9.8 percent of gross domestic product,
according to the Congressional Budget Office. The government
will run out of options to avoid a default if the limit is not
raised by early August, Treasury Secretary Timothy F. Geithner
said May 2.

Greek debt is the world’s most expensive to insure at about
1,400 basis points for five years and more than 2,000 basis
points for one year. Swaps on Norway are the world’s least
expensive at 17 basis points for five years and 5.5 basis points
for one year.

Read more at www.bloomberg.com
 

Mexican Economic Miralce? Carstens for #IMFpost #CDS #collapse #global #economy #transition #peakoil #narco

Mexico's financials are about as open as OPEC's reserves statements. Mexico's economy depends greatly on the USA recovery and yet somehow they are magically growing.

Must be the damn drug trade funneling $60B into the economy untaxed.

Clipped from www.bloomberg.com

IMF Candidate Carstens Winning Over Bond Investors at Home: Mexico Credit

Carstens’s “credibility has been enhanced,” Pablo Cisilino, who helps manage $22 billion in emerging-market debt
at Stone Harbor Investment in New York, said in a telephone
interview. “Carstens came out and said we’re going to stay put
and inflation is not going to pick up, it’s going to come down.
Something that you’ve been predicting happens, your credibility
gets enhanced.”
“It definitely says that the market is perfectly happy
with the way that Carstens is conducting monetary policy,”
Kieran Curtis, who helps manage more than $3 billion of
emerging-market assets, including peso debt, at Aviva Investors
in London, said in a telephone interview. “No change for still
a reasonable period of time is quite a reasonable sort of policy
outlook to expect.”
“Weak” economic growth is more responsible for the
decline in consumer prices in Mexico than Carstens, said Benito Berber, Latin America strategist at Nomura Securities.
Mexico has nominated Carstens, who was deputy managing
director at the IMF from 2003 to 2006, to replace Dominique Strauss-Kahn, who resigned as head of the organization last week
to defend himself against criminal charges including attempted
rape. French Finance Minister Christine Lagarde, who is also
seeking the top job at the Washington-based Fund, has won
endorsements from European countries including the U.K., Germany
and Sweden.
Read more at www.bloomberg.com

Japan is Crumbling #CDS #collapse #global #economy #IMF contributes #transition #peakoil

Watch the CDS and IMF, bank bailouts, protests, and austerity measures while security related stocks soar.

Clipped from www.bloomberg.com

Japan’s Credit Outlook Lowered to Negative at Fitch Amid Rising Debt Level

Japan faces the rising risk of a
reduction in its sovereign-debt rating as Prime Minister Naoto Kan struggles to assemble the political support needed to craft
a plan for paring the world’s largest public debt burden.

“It’s an alarm bell for Japan to demonstrate political
leadership to take an action to ensure the credibility of the
nation’s debt,” said Junko Nishioka, chief economist at RBS
Securities Japan Ltd. in Tokyo. “Concerns over Japan’s fiscal
conditions will become an issue again in the bond market in
coming months, which could make it more likely for bond yields
to rise.”

The central bank is poised to keep its monetary stimulus,
contrasting with counterparts from China to India that are
tightening policy to stem inflation. Prices climbed in Japan
after global energy and food costs rose and retailers suffered
product shortages in the aftermath of the natural disaster.

Read more at www.bloomberg.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
 

Thursday, May 26, 2011

Some historical gas price increase due to #oil speculators, more 2 come w/ #peakoil

Investors are anticipating oil price surges due to #peakoil, how broad is that?


Regulators Sue Speculators for $150 million


The Commodities Future Trading Commission (CFTC) announced yesterday that
they are suing two oil traders accused of manipulating the oil markets in
the 2008 run-up to $147 per barrel oil.
Read more at www.wyattresearch.com
 

Climate Capitalism: Google Wind Farms in Mojave Desert

Clipped from peakoil.com

Google invests $55 million in Mojave Desert wind farm

Google Inc. is investing $55 million in a large Mojave Desert wind farm, pumping fresh air into California’s struggling wind power industry.

Google said Tuesday that it was partnering with Citibank, which is also shelling out $55 million to help finance part of the Alta Wind Energy Center, one of the world’s largest wind installations.

When complete, the project in the Tehachapi Mountains will generate 1.5 gigawatts, enough to power 450,000 homes. The installation will help boost wind jobs in the state 20% while feeding more than $1.2 billion into the Kern County economy, according to developers.

Read more at peakoil.com
 

Wednesday, May 25, 2011

Parallels Between the Decline of the American Empire and Britain's? #collapse #peakoil @chrislhayes @maddow

How will it differ in light of the #peakoil and #peakeverything being reached?

Clipped from www.bbc.co.uk

Britain, the Commonwealth and the End of Empire

Churchill: 'This is your victory.'

1945: End of World War Two





The collapse of British imperial power - all but complete by the mid-1960s - can be traced directly to the impact of World War Two.



The catastrophic British defeats in Europe and Asia between 1940 and 1942 destroyed its financial and economic independence, the real foundation of the imperial system.






Britain had survived the war, but its wealth, prestige and authority had been severely reduced.







It also erased the old balance of power on which British security - at home and abroad - had largely depended.



Although Britain was one of the victorious allies, the defeat of Germany had been mainly the work of Soviet and American power, while that of Japan had been an almost entirely American triumph.



Britain had survived and recovered the territory lost during the war. But its prestige and authority, not to mention its wealth, had been severely reduced.



The British found themselves locked into an imperial endgame from which every exit was blocked except the trapdoor to oblivion.




Read more at www.bbc.co.uk
 

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
 

Wildgoose Arcadia Dyer indicated in oil speculation #cftc #peakoil

Very clever crime followed by very clever investigation. Good job cftc

Monday, May 23, 2011

#BRIC Taking #UK #USA #EU Place in #Geopolitics #2012 @maddow @ezraklein @chrislhayes #collapse

"Britain is no longer one of the world's price setters. We take our prices from international commodity markets driven by China and India. That is something we have got to live with and adjust to. It is painful. It is a challenge to us in government to explain it. The political class as a whole is not preparing the public for how massive the problem is"

Goldman Sachs has argued that, since the four BRIC countries are developing rapidly, by 2050 their combined economies could eclipse the combined economies of the current richest countries of the world. These four countries, combined, currently account for more than a quarter of the world's land area and more than 40% of the world's population.[7][8]

http://en.wikipedia.org/wiki/BRIC

Clipped from www.guardian.co.uk

Vince Cable: People do not understand how bad the economy is

Business secretary says politicians have not made clear the time and pain needed to restructure Britain's broken economic model

Vince Cable has warned that the political class has not yet prepared the public for the scale of the underlying problems facing the UK economy and the coming squeeze on living standards.

In a frank interview with the Guardian the business secretary repeatedly referred to the time and pain that will be needed to restructure what he regards as a broken economic model.

"It is a challenge to us to communicate it better. I don't think it is understood that the British economy declined 6 or 7% – [that is] 10% below trend," Cable said. "We are actually a poorer country, mainly because of the banking crash, the recession that followed it and partly due to the squeeze we are now under from the changing balance of the world economy."

He argued: "Britain is no longer one of the world's price setters. We take our prices from international commodity markets driven by China and India. That is something we have got to live with and adjust to. It is painful. It is a challenge to us in government to explain it. The political class as a whole is not preparing the public for how massive the problem is."

Read more at www.guardian.co.uk
 

UT supports #Gold as good as #USD #collapse #peakoil #2012 #Transition @planetmoney

Transition started?

Clipped from hosted.ap.org
Gold, silver coins to be legal currency in Utah
they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow.

The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

Read more at hosted.ap.org
 

IMF To Be Controlled By BRIC? #dsk #collapse #2012

"debtor countries could not and should not provide the leadership because of possible conflicts of interest" - was the argument for why developing nations couldn't run the show before. Now its ignored so the EU can put its house back in order.

Clipped from www.guardian.co.uk

The IMF needs to change, whoever becomes its next chief

Whether the IMF's next head is a European woman or a man from a developing country doesn't matter – whoever it is must change the way the institution works

Christine Lagarde, who European governments want to take over at the IMF

For more than 60 years now convention, rather than any written rules, has dictated that the appointment of heads of the Bretton Woods institutions has been controlled by the traditional global powers. The US has provided the chief of the World Bank and Europe has provided the head of the IMF. These "conventions" emerged and were entrenched during a period when these two broad groupings controlled the global economy, and polity.

Read more at www.guardian.co.uk
 

Friday, May 20, 2011

Msg to @barackobama: Legalization is the only way to CONTROL drugs #weed #marijuana #2012 #teaparty #gop #dems @maddow

Legalization is the only way for the USA and MEXICAN governments to end the drug war. Calderon and Obama need to figure that out.

Glimpse of History: China's Entry into Capitalism #collapse #2012 #socialism

Clearly China took some lessons away from Vietnam. Did the USA?

Clipped from www.marxists.org

China in Vietnam – An act of aggression to match its return to capitalism


First Published: In Struggle! Vol. 6, No. 31, March 13, 1979
Transcription, Editing and Markup: Paul Saba
Copyright: This work is in the Public Domain under the Creative Commons Common Deed. You can freely copy, distribute and display this work; as well as make derivative and commercial works. Please credit the Encyclopedia of Anti-Revisionism On-Line as your source, include the url to this work, and note any of the transcribers, editors & proofreaders above.

Honourable rulers in capitalist countries around the world: If the Russian bear or any of the regimes backed by the USSR start infringing upon the development plans of your country or the competitiveness of your market, bring out the heavy artillery!’ The new Number One in China, Deng Xiaoping, wants everyone to understand this simple lesson if he has to repeat it a thousand times: “That is the only language the USSR understands.”

The Central Committee of the Communist Party of China decided recently to give back to the industrial and merchant sections of the national bourgeoisie all of the enormous bank deposits and other assets belonging to them... and to re-institute their high salaries and give them the pay which is presently overdue.” (Les Cahiers de la Chine nouvelle, no. 62, February 2, 1979, p. 6, our translation)

China is now an expansionist power which poses a
real threat to the peoples in
other countries. It is now
ready to pokes its head in
each time a country’s policy
will not be to its liking. Vietnam, allied with the social-
imperialist USSR, has talked
a good deal recently about
China’s preparations for a
big war to extend its
hegemony in South East Asia.

The Chinese provocateurs
should be treated for what
they really are: a new
bourgeoisie which is increasingly aggressive, foaming at the mouth at the
prospect of controlling
economically and politically
larger and larger areas of
Asia and the rest of the
world. That is the real lesson, pure and simple that
Deng and the Chinese
leaders want to teach the
world.

Read more at www.marxists.org