Wakeup call

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A path not traveled - yet

A different kind of nuclear energy: Molten salt Thorium based reactors

Dirk Bezemer - Growth and Crisis: The Two Faces of Credit

At least since Joseph Schumpeter we know that credit is good for economic growth.
At least since 2007 we know that too much credit foreshadows financial turmoil. Inspired by Keynes and Minsky, Dirk Bezemer pieces together a cross-country data set of credit and debt, investigating whether the two faces of credit are different for different forms of credit. And using agent-based modeling, he strives to capture the interaction between the financial and the real -- this is new economic thinking.

About Dirk Bezemer:

Dirk works on the economics of growth and development. He conducted research on the economics of transition at Imperial College, University of London, and on agricultural and rural development at the Overseas Development Institute in London. He was employed by the UK Department for International Development as an Advisor before accepting a position at the University of Groningen
Information source here

POLICE STATE CANADA: Cops Arrest Father After His Daughter Draws A Picture of Him With A Gun

A Kitchener father is angry at police after he was arrested at his child's school and later strip-searched at the police station, all because his 4-year-old daughter drew a picture of a gun in class.

Study says Mayan civilization was wiped out by drought

A recent study has suggested that the conditions caused by a mild drought might have been the reason for the collapse of the Mayan civilization.


The research published in the journal Nature says a continuous 25 to 40 percent drop in rainfall reduced water supplies in the homeland of the ancient Maya civilization located in what is now southern Mexico and Guatemala.

Researchers at the Yucatan Centre for Scientific Research in southern Mexico and the University of Southampton used modeling techniques in order to estimate the rates of rainfall and evaporation between 800 and 950 CE, the decline period of Maya civilization.

"These reductions amount to only 25 to 40% in annual rainfall, but they were large enough for evaporation to become dominant over rainfall, and open water was rapidly reduced," said Professor Eelco Rohling of Southampton University.

"Societal disruptions and abandonment of cities are likely consequences of critical water shortages, especially because there seems to have been a rapid repetition of multi-year droughts," he added.

Scientists have been analyzing different factors that could have been involved in the collapse of the classic Maya civilization for years offering theories such as social unrest, disease and deforestation.
Article source here

Iran refuses to deliver 500k-barrel oil shipment to Greece

Iran has refused to deliver a 500,000-barrel shipment of oil to Greece in response to EU oil sanctions imposed against the country.


According to a report by Fars News Agency on Sunday, oil tankers that had come to transfer 500,000 barrels of Iranian crude oil to Hellenic refining complex in Greece were forced to return empty-handed after the Islamic Republic refused to deliver the shipment.

European Union foreign ministers agreed on January 23 to ban oil imports from Iran and to freeze the assets of the Iranian Central Bank across the EU. The sanctions will become fully effective on July 1, 2012, to give EU member states enough time to adjust to the new conditions and find alternative crude oil supplies.

The EU decision followed the imposition of similar sanctions by Washington on Iranian energy and financial sectors on New Year’s Eve which seek to punish other countries for buying Iran oil or dealing with the its central bank.
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The marvels of editing

The 2-minute video is a public meeting of former US Ambassador to the UN John Bolton responding to a US war veteran's question. The video shows that FOX then edits-out the audience response to replace it with applause from a different person's question. The proof is that the applause-segment shows a different person walking away from the microphone than the person who asked the question. The veteran testified that the audience booed Mr. Bolton's answer.
Video source here

This is MY yard!

First Man of Finland caught gawping at Danish princess's breasts

The husband of Finland's president was caught on camera casting an admiring glance at the cleavage of Princess Mary of Denmark.

Argentine advice for Greece: ‘Default Now!’

By Adrian Salbuchi for RT

Here in Argentina, when we watch the terrible things that are happening today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in Argentina in 2001 and 2002…!”

­A decade ago, Argentina too went through a systemic Sovereign Public Debt collapse resulting in social turmoil, worker hardship, rioting and street fights with the police.

Some months before Argentina exploded, then-President Fernando de la Rúa – forced to resign at the height of the 2001 crisis – had called back as finance minister the notorious pro-banker, Trilateral Commission member and Rockefeller/Soros/Rhodes protégée Domingo Cavallo.

Cavallo was the gruesome architect of Argentina’s political and economic capitulation to the US and UK when he was President Carlos Menem’s foreign minister and economy minister in the ’90s.

Menem and Cavallo are primarily responsible for Argentina’s signing of a formal Treaty of Capitulation with the UK/US after the 1982 Falklands War, opening up our economy to unrestricted privatization, deregulation and grossly excessive US Dollar-indebtedness, almost tripling our sovereign debt in a few short years (see my February 11, 2012 article British Laughter in the Falklands).

The Plan? Prepare Argentina for planned weakening, bankster take-over and collapse, so that a new weakening-takeover-collapse cycle could begin. In 2001, Cavallo was back to finish his work…

During that very hot summer in December 2001, true to its Latin temperament, Argentina even had four (yes, 4!) presidents in just one week. One of them, Adolfo Rodriguez Sáa, who only lasted three days, at least did one thing right, even if he did it the wrong way: he declared Argentina’s default on its sovereign debt.

All hell broke loose! The international bankers and IMF did everything they could to break Argentina’s back; global media pundits predicted all kinds of impending catastrophes. Debt default meant Argentina would have to weather the pain and agony alone, being cast out by the “international financial community”.
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Americans Changing Attitude Toward Guns

By Michael Chester



While gun ownership continues to be a political hot button issue, one trend is clear. The number of Americans who own guns has continued to rise. 2011 saw a dramatic rise in gun sales and, so far, 2012 appears to be an even better year for the manufacturers.

In January 2012, the National Shooting Sports Foundation’s (NSSF) adjusted National Instant Criminal Background Check System (NICS) numbers showed an increase of 17.3 percent in gun purchase related checks compared to the same time period the previous year. January marks 20 straight months of increased NICS report requests. While background checks don’t automatically turn into purchases, it is unlikely that many people would go through the trouble and expense of getting a background check and then not make a purchase.

The Shooting, Hunting, Outdoor Trade Show (SHOT Show) held in Las Vegas in January, reached a new record with more than 61,000 in attendance, including over 36,000 buyers and 1,600 exhibitors. Much inventory was ordered and sales are expected to remain strong.

With money currently tight, why are people increasingly choosing to purchase relatively expensive guns and ammunition?
Interesting article posted here

A headscratcher

The New Mediterranean Oil and Gas Bonanza

by F. William Engdahl

A recent major oil and gas find is bound to change dramatically the geopolitical equation in the Eastern Mediterranean region and beyond. To start with, it has sent Israel from rags to riches in terms of energy independence and security. However, Lebanon contends that part of the gas field lies within its territorial waters, and Washington happens to agree. Engdahl explores the implications of this key development, which have already rippled into the U.S. electoral scene, with Netanyahu betting on Republican race horses against Obama.
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Shipping indexes tell sobering tale

The Baltic Dry Index (BALDRY) is a number which indicates the cost of chartering ships for carrying dry raw materials across the world's oceans. Chart source here

The Harper Petersen shipping index (HARPEX) is a number indicating the cost of chartering ships to carry finished products across the world's oceans. Index source here

The two indexes above indicate a significant reduction in freight rates for goods, both raw materials and finished products. It has been argued that the reduced freight rates are a result of increased tonnage coming on stream, and while this may have some impact on the numbers, the correlation between the two indexes indicates that other forces are at play as well.

Slavery abolished 150 years ago? - Yeah, right.

9/11 Video fakery

by Jim Fetzer



Perhaps no question within the scope of 9/11 research generates as much heat and as little light as questions that have arisen over the role of the aircraft on 9/11, which has come to be known by the name of “planes/no planes” and of “video fakery”. While I had long since concluded that no plane had crashed in Shanksville and that, while a Boeing 757 appears to have flown toward and then over the Pentagon, I was personally unable to bring myself to take the idea that no real airplanes had hit the North or the South Tower until nearly two years of being verbally assailed by Morgan Reynolds, who understood these issues far better than I, where his studies can be found on his web site, nomoregames.net, especially a response to criticism he has received for raising the issue during a FOX News appearance.
In depth article posted here

Can a return to the drachma save Greece as unemployment soars?

The EU-ECB-IMF troika is imposing a further 150,000 public-sector job cuts in Greece over three years, without any offsetting Marshall Plan to rescue private industry. Photo: EPA



Greece’s unemployment bomb has detonated. After a deceptive calm, the surge in job losses since last summer is shocking even for those who never believed that combined fiscal and monetary contraction could possibly lead to any result other than ruin.


By Ambrose Evans-Pritchard

A variant of this lies in store for Portugal as its "internal devaluation" starts in earnest. The young Schumpeterians in charge of the Portuguese economy insist otherwise - cocksure that shock therapy will triumph without the cushion of debt relief and devaluation - but events have a habit of demolishing dreams.

In November alone 126,000 Greeks lost their jobs in a country of 11 million, equivalent to three and a half million Americans in a single month. The unemployment rate jumped from 18.2pc to 20.9pc.

This has not yet fed through into social breakdown. Greeks receive unemployment support for an average of thirty weeks, with a ceiling of €454 a month, according to Professor Manos Matsaganis from Athens University. Those with civil service tenure are placed on labour reserve for two years at half their basic pay, or a third of their actual pay.

Once these cushions are exhausted, Greeks are on their own. The monthly ratchet effect will then become painfully evident. It is why the Orthodox primate Hieronymos II warned in a letter to the prime minister that ever further doses of the same "deadly medicine" is becoming dangerous.

"The voices of the desperate, the voices of Greeks are being provocatively ignored. Fear is giving way to rage and the risk of a social explosion can no longer be ignored by those who give orders and those who execute their lethal recipes," he said.
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Middle East review with Stephen Lendman

Coming up - planetary convergence

U.S. Coast Guard Patrolling Persian Gulf

Socreds demonstrate for Bitumen Upgrading in Alberta

February 14, 2012



The Alberta Social Credit Party held its second Bitumen Upgrading Demonstration at the Alberta Legislature on February 13, 2012. Len Skowronski, Leader of the Alberta Social Credit Party was introduced to the Legislative Assembly by Harry Chase, MLA for Calgary-Varsity, “Thank you, Mr. Speaker. I’m pleased to introduce to you and through you to all members Len Skowronski, leader of the Alberta Social Credit Party. Len and the Socred picketers outside are here today because they are very concerned about the billions of dollars Albertans are losing in added value from our oil sands by exporting bitumen instead of synthetic crude oil. They hope to encourage the government to legislate a policy that would require all bitumen produced from our oil sands to be upgraded to synthetic crude oil in Alberta. Please stand, Len, and receive the greetings of the Assembly.”

Slogans on the pickets included: “OUR OILSANDS ARE WORTH $150 TRILLION. HOW MUCH OF THIS WEALTH WILL BENEFIT ALBERTANS”, “WE ARE LOSING $24,000,000/DAY OF ADDED VALUE”, “LET’S GET FULL VALUE FOR OUR OILSANDS. IT’S ABOUT OUR MONEY!”, “WHAT ALBERTA UPGRADES, UPGRADES ALBERTA”, “PROVIDE JOBS FOR ALBERTANS BY BUILDING AND OPERATING UPGRADER PLANTS”, “WITH KEYSTONE XL WE WILL LOSE $40,000,000/DAY OF ADDED-VALUE”, “EXPORT SYNTHETIC CRUDE OIL NOT BITUMEN”, “BUILD UPGRADERS NOT BITUMEN PIPELINES”, “STOP BITUMEN EXPORTS NOW”, “STOP THE KEYSTONE COPS! (CANADIAN OIL PROFITS going SOUTH)”.

When asked if he thought the demonstration’s objective was achieved, Leader Len Skowronski replied “Our goal is to get the government to stop bitumen exports and have all bitumen upgraded to synthetic crude oil in Alberta. Our objective for this demonstration is to prod the government to act on this issue. But knowing the complacency of the cabinet on this issue, probably nothing will be done. Hopefully, Albertans will take notice, embrace this cause and get their MLAs to demand the government move quickly to stop this huge leakage of our wealth.”


Len Skowronski

Leader
Alberta Social Credit Party
Calgary, AB
1-403-288-9695

Debt Crisis? Here's the Simple Solution

British Special Forces Training Syrian Rebels?

05.01.2012

As government forces continue a brutal crackdown on popular uprisings throughout Syria, there has been growing chatter indicating that British Special Forces are in some way assiting forces aligned against the Syrian regime.

Reports from late November last year state that British Special forces have met up with members of the Free Syrian Army (FSA), the armed wing of the Syrian National Council. The apparent goal of this initial contact was to establish the rebel forces' strength and to pave the way for any future training operations.

More recent reports have stated that British and French Special Forces have been actively training members of the FSA, from a base in Turkey. Some reports indicate that training is also taking place in locations in Libya and Northern Lebanon. British MI6 operatives and UKSF (SAS/SBS) personnel have reportedly been training the rebels in urban warfare as well as supplying them with arms and equipment. US CIA operatives and special forces are believed to be providing communications assistance to the rebels.
Impeccable article source here

Editor: Join up now!

‘HOW TO JOIN THE SPECIAL AIR SERVICE – SAS’ Click here
(and be prepared to shoot some women and kids if they get in the way)

Endgame in the Middle East

Ayman Al-Zawahiri, Al-Qaeda’s number one following the official death of Osama Bin Laden, reiterated his call for hijad to overthrow the Baasist regime in Syria.



by Thierry Meyssan


Although the armed clashes are not completely over in the beleaguered district of Homs and that the Syrian and Lebanese authorities have yet to inform public opinion of their recent actions, Thierry Meyssan appeared Monday night on the leading Russian television channel to make an initial assessment of the operations, providing first-hand information which he is sharing with the readers of Voltaire Network


Voltaire Network | Damascus (Syria) | 14 February 2012


For eleven months, the Western powers and the Gulf States have lead a campaign to destabilize Syria. Several thousand mercenaries infiltrated the country. Recruited by agencies in Saudi Arabia and Qatar within the Sunni extremist community, they came to overthrow the "usurper Alawite" Bashar al-Assad and impose a Wahhabi-inspired dictatorship. They have at their disposal the most sophisticated military equipment, including night vision systems, communication centers, and robots for urban warfare. Supported secretly by the NATO powers, they also have access to vital military information, including satellite images of Syrian troop movements, and telephone interceptions.

This has been falsely portrayed to the Western public as a political revolution crushed in blood by a ruthless dictatorship. Of course, this lie has not been universally accepted. Russia, China and the Latin American and Caribbean member states of ALBA repudiate it. They each have a historical background that allows them to readily grasp what is at stake. The Russians are thinking of Chechnya, the Chinese of Xinkiang, and the Latin Americans of Cuba and Nicaragua. In all these cases, beyond ideological or religious appearances, the methods of destabilization by the CIA were the same.
Read in-depth article here

Germany's Carthaginian terms for Greece

The austerity policy being forced on Greece by Germany and the eurozone cannot command democratic consent over time.

The last time Germany needed a bail-out from world creditors, it secured better terms than shattered Greece last week.


By Ambrose Evans-Pritchard

7:21PM GMT 12 Feb 2012


The US, Canada, Britain, France, Greece, and other signatories at the London Debt Agreement of 1953 granted Chancellor Konrad Adenauer a 50pc haircut on all German debt, worth 70pc in relief with stretched maturities. There was a five-year moratorium on interest payments.

The express purpose was to give Germany enough oxygen to rebuild its economy, and to help hold the line against Soviet overreach. This sweeping debt forgiveness caused heartburn for the British - then in dire financial straits, themselves forced to go cap in hand to Washington for loans. The Greeks had to forgo some war reparations.

Yet statesmanship prevailed. The finance ministers of the day agreed to overlook the moral origins of that debt, and the moral hazard of “rewarding” a country that had so disturbed the European order.

The Wirtschaftswunder whittled down the burden of German debts to modest levels within a decade. Germany emerged as a vibrant democracy and a pillar of the western security system.

Greece has less strategic relevance, and must comply with tougher terms.
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Greece Riots: Have Greeks Had Enough of Austerity?

Feb 13, 2012 7:07 AM EST

After yet another push for austerity, Greeks have finally had enough, staging massive riots. Barbie Latza Nadeau on how the euro zone’s other teetering economies are taking note.

The burnt-out shells of at least 45 buildings in central Athens were still smoldering on Monday morning after a weekend of angry protests reached its apex on Sunday night in what Greek Prime Minister Luca Papademos called the worst breakdown of violence since 2008. Broken glass, chunks of marble ripped from the public squares, and empty tear-gas canisters lined the streets after an all-night battle pitted protesters against security forces who say they were outnumbered by a 5–1 ratio. Hundreds of protesters and police officers were injured and local Greek Sky television reported that at least twice, security forces ran out of tear gas.
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Wikileaks: A Big Dangerous US Government Con Job

by F. William Engdahl

The story on the surface makes for a script for a new Oliver Stone Hollywood thriller. A 39-year old Australian hacker holds the President of the United States and his State Department hostage to a gigantic cyber “leak,” unless the President leaves Julian Assange and his Wikileaks free to release hundreds of thousands of pages of sensitive US Government memos. A closer look at the details, so far carefully leaked by the most ultra-establishment of international media such as the New York Times, reveals a clear agenda. That agenda coincidentally serves to buttress the agenda of US geopolitics around the world from Iran to Russia to North Korea. The Wikileaks is a big and dangerous US intelligence Con Job which will likely be used to police the Internet.
Informative article posted here

Libya Update

By Will Morrow

The Libyan Transitional National Council (TNC) regime installed by the US-NATO intervention in Libya last year is responsible for ongoing atrocities, particularly against black-skinned Libyans, detainees and other alleged supporters of the previous Gaddafi government.

One of the most recent incidents occurred on February 6 at a former naval base in the Janzour district of the capital, Tripoli. The base is being used as an internal refugee camp for about 1,500 predominantly dark-skinned former residents of the town of Tawergha. The camp inhabitants told Reuters that militiamen from the coastal city of Misrata arrived, searched the camp and attempted to remove several young men. When the unarmed refugees protested, the militia opened fire, killing at least five people.

Female camp resident Huda Bel-Eid told Reuters: “Around 15 of them started shooting us. All the women escaped but the young men stayed. My brother was there and I went to help him because he was shot in the head and neck, then they shot me (in the leg).”

A woman and an elderly man were confirmed dead at a morgue in Tripoli, both with gunshot wounds to the chest. A resident of Janzour told Reuters: “We found two bodies of black people who had been shot on the beach. We told the police, and they have taken them now.”

Former Tawergha residents marched through Janzour later that day in protest, but were again fired upon. According to the “Libya S.O.S.” blog, two Tawerghan children, Mohammad Attia Saleh and Freih Abdel Moula, were among those killed. The report puts the number of dead throughout the day at 12, with 31 wounded.

The reprisals against the Tawerghan population are only the latest revelations of war crimes committed by the US and NATO proxy forces. Amnesty International and Doctors Without Borders have recently published statements protesting against the systematic abuse and torture of prisoners in detention centers controlled by the TNC and tribes.
Read full article published here

Unbelievable arrogance revealed in Europe