The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– Filed Under Exponential (ZeroHedge, July 31, 2011):
By now everyone has seen this, as it has been posted on Zero Hedge about n+1 times. And if the haven’t, they should.
They should also see this. We will shortly update where this chart will be by the 2012 election, somewhere around 120% of GDP.
And for those requesting it, here again is the log scale chart.
Source: NYT
This event has been reviewed by a seismologist.
Magnitude 6.1
Date-Time Sunday, July 31, 2011 at 14:34:49 UTC
Monday, August 01, 2011 at 01:34:49 AM at epicenter
Location 16.995°S, 171.630°E
Depth 19.4 km (12.1 miles)
Region VANUATU REGION
Before:
– The New Libyan Rebel Leader Spent The Past 20 Years In Suburban Virginia:
WASHINGTON – The new leader of Libya’s opposition military spent the past two decades in suburban Virginia but felt compelled — even in his late-60s — to return to the battlefield in his homeland, according to people who know him.
Khalifa Hifter was once a top military officer for Libyan leader Moammar Gadhafi, but after a disastrous military adventure in Chad in the late 1980s, Hifter switched to the anti-Gadhafi opposition. In the early 1990s, he moved to suburban Virginia, where he established a life but maintained ties to anti-Gadhafi groups.Late last week, Hifter was appointed to lead the rebel army, which has been in chaos for weeks. He is the third such leader in less than a month, and rebels interviewed in Libya openly voiced distrust for the most recent leader, Abdel Fatah Younes, who had been at Gadhafi’s side until just a month ago.
– Libyan rebel commander killed by allied militia (Reuters, July 30, 2011):
Libyan rebels say the gunmen who shot dead their military chief were militiamen allied in their struggle to overthrow Muammar Gaddafi, raising questions about divisions and lawlessness within rebel ranks.
The assassination of Abdel Fattah Younes, apparently by his own side, has hurt the opposition just as it was winning broader international recognition and launching an offensive against Gaddafi’s forces in the Western Mountains.
After 24 hours of confusion, rebel minister Ali Tarhouni said Younes had been killed by fighters who were sent to fetch him from the front and his bullet-riddled and partially burned body was found at a ranch near the rebel capital of Benghazi.
Read moreAnd Now … Libyan Rebel Commander Killed By Allied Militia
?- The Globalist Imperial Network, As Explained by a Globalist (Activist Post, July 30, 2011):
Bangkok, Thailand July 30, 2011 – The mechanics of world empire, in particular the current corporate-financier oligarchy has been examined in great detail. The US State Department, supporting NGOs funded directly by both US taxpayers’ money as well as funds from the Fortune 500 corporations they serve, alone constitute a global-spanning, incessantly meddling homogeneous network working to undermine both personal and national sovereignty while replacing national governments around the world.
Photo: Globalist warmongering degenerate Anne-Marie Slaughter makes her rounds at the Fortune 500-funded Chatham House. She is the author of the book “A New World Order” and believes foreign policy should be shifted into the unelected, unaccountable hands of corporations, foundations, and NGOs.
This is far from a conspiracy theory – it is stated fact admitted to by the US State Department itself who regularly announces its funding of subversive activities around the globe from training, equipping, and funding hordes of youth activists years before the “Arab Spring” unfolded, to helping dupes in China circumvent national cyber defenses, to forming brigades of youth fodder to take to the streets in Belarus and Malaysia, to propping up pro-globalist propaganda outlets like Prachatai in Thailand.
Perhaps sensing that the secrecy and public ignorance the global elite have been operating behind for decades is now fading, globalist footstool and degenerate warmonger Anne-Marie Slaughter has written a sweeping essay openly admitting “foreign policy” is moving beyond governments and being put into the hands of unelected organizations, corporations, NGOs, and “social movements.” By social movements, Slaughter cites and apparently is referring to the “Arab Spring” which is on record the result of US meddling and organizing, and nothing close to resembling true grassroots activism. It is merely the latest trick out of the social engineering, human exploitation, propagandist playbook.
Slaughter’s admissions should send shivers down the spines of anyone who believes in a constitutional representative government, personal and national sovereignty, and freedom in general – for the world Slaughter proposes is one run by unaccountable, self-appointed arbiters, the likes of which have been covered ad nauseum within these pages. Self-serving hypocrisy has already rendered contrived institutions like the International Criminal Court illegitimate, as it turns its head at documented war crimes committed by Libyan rebels while pursuing in earnest cases against Libya’s Qaddafi based on evidence not even collected within the nation itself.
As we peel back the layers of Slaughter’s vision of the “new foreign policy frontier,” we see nearly every institution, organization, NGO, or consortium mentioned lined with Fortune 500 corporate sponsors and representatives pursing an agenda of global economic and military hegemony. No one would suggest that manipulating people on a massive scale, leveraging legitimate ideals such as democracy, human rights, or freedom to further a corporate-financier oligarchy’s agenda constitutes anything progressive, nonetheless, Slaughter seems to believe this is not only the future of foreign policy, but an appropriate future at that.
Image: The cover of globalist, degenerate warmonger Anne-Marie Slaughter’s book “A New World Order.” Slaughter believes the future belongs to “global networks” which upon closer examination are all chaired, funded, and directed by the Fortune 500.
….It should be noted that Slaughter has sat upon the boards of Fortune 500 corporations McDonald’s and Citigroup as well as a Council on Foreign Relations board member. She is the author of a book literally titled, “A New World Order” whose catch line is “Global governance is here.” In it she argues that such governance is done through “a complex global web of government networks.” Upon examination it is obvious to anyone who looks into these “networks” that they represent the Fortune 500, answer to no one, and apply the rule of law as an arbitrary reflection of their self-serving interests subject to change upon a political whim. Despite Slaughter’s enthusiasm for a “New World Order,” in reality it is the recipe for a corporate fascist planetary regime and constitutes the greatest threat to humanity.
The New Foreign Policy Frontier
Read moreGlobalism Explained By A Globalist: Anne-Marie SLAUGHTER Explains The New World Order
See also:
– Farmer To Farmer: The Truth About GMO Crops (Documentary)
– Incompetence Sets A Precedent- GE Alfalfa (MORPHcity, July 29, 2011):
The USDA, FDA and EPA favor corporations over human health and the environment, especially when it comes to genetically engineered (GE) organisms.
Contemporary law is no longer based on the Constitution and common law, but has been replaced by case law precedents. The GE alfalfa case (Forage Genetics and Monsanto v Geertson Seed Farms) is disturbing because it appears that a dangerous precedent has been set.
Alfalfa is a perennial plant that lives more than 2 years, so it is especially prone to contamination. The USDA deregulated or allowed open, restriction-free planting of of GE alfalfa on January 27, 2011. The Center for Food Safety (the lawyers opposing Monsanto and Forage Genetics) filed a lawsuit on March 19, 2011, and the case will not be heard until December 2011.
GE alfalfa has been allowed to be planted openly since Spring 2011 and will contaminate conventional and organic alfalfa fields as well as polluting the organic dairy and meat markets because it is used primarily for animal feed. GE alfalfa is pointless because over 90% of alfalfa grown in the US needs no herbicide, so the purpose of GE alfalfa appears to be the contamination of natural alfalfa for profit and to create a monopoly as alfalfa is the 4th largest crop in the US.
An overwhelming amount of incompetence surrounds this case.
TIMELINE OF EVENTS:
See also:
– Goldman’s new money machine: warehouses (Reuters, July 29, 2011):
In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
The derelict neighborhood off Michigan Avenue is a sharp contrast to Goldman’s bustling skyscraper headquarters near Wall Street, but the two operations share one important element: management by the bank’s savvy financial professionals.
A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes of the industrial metal aluminum, about a quarter of global reported inventories.
Simply storing all that metal generates tens of millions of dollars in rental revenues for Goldman every year.
There’s just one problem: much less aluminum is leaving the depots than arriving, creating a supply pinch for manufacturers of everything from soft drink cans to aircraft.
The resulting spike in prices has sparked a clash between companies forced to pay more for their aluminum and wait months for it to be delivered, Goldman, which is keen to keep its cash machines humming and the London Metal Exchange (LME), the world’s benchmark industrial metals market, which critics accuse of lax oversight.
Analysts question why London’s metals market allows big financial players like Goldman to own the warehouses which store huge quantities of metal even as they trade the commodity. Robin Bhar, a veteran metals analyst at Credit Agricole in London says the conflict of interest is so acute he wants U.S. and European anti-trust regulators to weigh in.
“I think it makes a mockery of the market. It’s a shame,” Bhar said. “This is an anti-competitive situation. It puts (some) companies at an advantage, and clearly the rest of the market at a disadvantage. It’s a real, genuine concern. And I think the regulators have to look at it.”
Just playing games so that the people continue to live in the illusion that there exist two different parties in America.
– Obama Privately Told The Banksters: We’re Not Defaulting
– GOP leader: ‘We’re very close’ to debt deal with Obama (USA Today):
President Obama and congressional Republicans are close to nailing down a debt ceiling deal just two days before a possible government default, negotiators said today.
White House adviser David Plouffe told NBC’s Meet The Press that “we don’t have deal,” but there has been progress and “today is a critical day.”
Over on CNN’s State of the Union, Senate Minority Leader Mitch McConnell, R-Ky, said “we’re very close” and “had a very good day yesterday.”
McConnell had announced Saturday he has been talking with Obama and Vice President Joe Biden about ways to raise the $14.3 trillion debt ceiling that could pass a divided Congress.
– Late Attempt at Debt-Limit Deal to Avert Default (Fox News)
– White House, GOP discuss potential debt limit pact (AP)
– Deal Framework Is Said Reached on Raising U.S. Debt Ceiling (San Francisco Chronicle)
– US House rejects Harry Reid debt ceiling plan (Xinhua):
BEIJING, July 31 (Xinhuanet) — The US House of Representatives has voted to reject the debt ceiling plan put forward by Democratic Senate leader Harry Reid. This adds fresh uncertainty to the debt talks gridlock.
The House voted down the measure to lift the debt limit by 2.4 trillion dollars and cut spending by 2.2 trillion dollars over a decade.
In a similar move, 43 Republican Senators said they opposed the Reid debt ceiling plan, saying it failed to alter the spending trajectory that is putting the US economy and national security at risk.
The federal government’s borrowing limit, currently at 14.29 trillion dollars, was reached on May 16. The Treasury Department says the nation will begin to default on its debts unless the Congress agrees to lift the limit by August the second.
More than 400,000 people were urged to leave their homes amid flooding in Niigata and Fukushima prefectures [AFP]
– Floods threaten thousands in northern Japan (Al Jazeera, July 30, 2011):
One dead and five missing as heavy rains burst rivers and dykes in Niigata and tsunami-hit Fukushima prefectures.
Heavy rains have claimed their first victim in Japan, where the government has urged nearly half a million people to leave their homes amid flooding in the northern Niigata and tsunami-hit Fukushima prefectures.
River banks gave way to swollen rivers at several points on Saturday and more than 400,000 people were advised to head to evacuation centres.
As Al Jazeera’s Aela Callan reported from Yasuda city in Niigata prefecture, the worst-hit towns were swamped by water levels that reached as high as 12 metres. But she said the rain had stopped by midday and authorities predicted that the worst of the rains had ceased.
– TSA Threatens Congressman For Disclosing 25,000 Security Breaches (Public Intelligence, July 16, 2011):
YouTube A complete video of the July 13, 2011 hearing in which Rep. Chaffetz discussed the 25,000 breaches.
Homeland Security to Chaffetz: Stop the leaks of sensitive information (Washington Post):
The Department of Homeland Security has complained to Rep. Jason Chaffetz (R-Utah) about what it says was an inappropriate disclosure of sensitive security information to the press by the House transportation panel that he chairs.
In a letter dated Wednesday, a clearly miffed Department of Homeland Security Deputy Counsel Joseph B. Maher told Chaffetz that “sensitive security information” provided to his subcommittee by the Transportation Security Administration was illegally disclosed to the press.
“This document was marked as [Sensitive Security Information],” Maher wrote, “and provided clear notice that unauthorized disclosures of the document violated federal law.”
The letter was obtained by the Washington Post from an administration official.
USA Today and other news outlets reported this week that “newly released” DHS documents revealed 25,000 security breaches at U.S. airports since November 2001.
Maher called the information on past security breaches “a topic of particular interest to our adversaries” and said the law against unauthorized disclosure is designed to protect air travelers.
In an angry response directly to DHS Secretary Janet Napolitano late Friday, Rep. Darrell Issa (R-Calif.), head of the House Oversight Committee, called Maher’s assertions “meritless” retaliation for the committee’s efforts to address “TSA deficiencies.”
Issa called Maher’s letter a “threat to the entire legislative branch that this administration will seek retribution when non-classified information is shared with the public.” Issa denied that the security breach data was classified information. His staff said lawmakers and open-government groups have long debated whether security classifications are often used to hide embarrassing information.
– Second Video Emerges Of Hot-Tempered Canton Police Officer (Pixiq, July 29, 2011):
A second dash cam video has emerged showing Canton police officer Daniel Harless overreacting to finding a gun in a man’s car.
The video is from July 29, 2010, exactly one year ago today.
Like the video that emerged earlier this month (second half of story), Harless can be heard threatening to kill the driver because of the gun that was found.
Unlike the last video, it is not clear whether the driver had a concealed weapons permit.
But the one thing that is clear is that Harless has a very hot temper and does nothing to deescalate a potential violent situation.
Here is just a small sample of what Harless told the man he pulled over.
“Do not move a muscle or I will put you in the grave.”
“I’ll shoot you in the face and I’ll go to sleep tonight.”
The first video to emerge has prompted gun advocate groups to call for Harless’ resignation.
Canton residents also created a Facebook page demanding his removal.
CANTON, Ohio -— An arrogant police officer angrily confronts a motorist, William Bartlett, for legally carrying a hidden gun. Bartlett has a permit to carry the concealed weapon and said that he tried to tell the cop that he had a gun when he was pulled over on in the early morning hours of June 8, 2011 in a high crime area. But the 52-year-old Brewster man said that the officer “would not let [me] talk. Would you have yelled ‘I have a gun?’. I just kept my mouth shut, I kept my hands on the wheel like I had been instructed to, I had my CCW in hand, I tried to hand it to him and he wanted no part of it.” Bartlett said that Patrolman Daniel Harless flew into a rage a short time later when he revealed he was carrying a gun. He said that Harless then began to threaten his life. “If you had a man threatening to execute you, what would you think? That’s where I’ll leave it at that,” said Bartlett. Patrolman Harless has been placed on administrative leave due to the incident. William Bartlett was charged with carrying a concealed weapon, which is odd because he has a license to carry one.
– Driver Says Rights Were Violated By Canton Officer (WJW TV, July 26, 2011):
CANTON, Ohio — Video of a Canton police officer angrily confronting a motorist legally carrying a concealed weapon has gone viral on the internet.
The target of that confrontation, William Bartlett, told Fox 8 on Tuesday that his rights were violated.Bartlett has a permit to carry a concealed weapon and said he tried to tell the officer that he had a gun when he was pulled over on in the early morning hours of June 8th in a high crime area.
But the 52-year-old Brewster man said the officer would not let him talk.
Bartlett told Fox 8, “Would you have yelled ‘I have a gun?’. I just kept my mouth shut, I kept my hands on the wheel like I had been instructed to, I had my CCW in hand, I tried to hand it to him and he wanted no part of it.”
Bartlett said Patrolman Daniel Harless flew into a rage a short time later when he revealed he was carrying a gun.
“I thought I was in trouble, deep trouble, more than just going to jail trouble”, said Bartlett.
He said Officer Harless then began to threaten his life.
“If you had a man threatening to execute you, what would you think? That’s where I’ll leave it at that,” said Bartlett.
“As such, it is perhaps the most promising tool for behavioral change to have come along in decades.”
– Harnessing the Power of Feedback Loops (Wired, June 19, 2011):
The premise of a feedback loop is simple: Provide people with information about their actions in real time, then give them a chance to change those actions, pushing them toward better behaviors. Photo: Kevin Van Aelst
In 2003, officials in Garden Grove, California, a community of 170,000 people wedged amid the suburban sprawl of Orange County, set out to confront a problem that afflicts most every town in America: drivers speeding through school zones.
Local authorities had tried many tactics to get people to slow down. They replaced old speed limit signs with bright new ones to remind drivers of the 25-mile-an-hour limit during school hours. Police began ticketing speeding motorists during drop-off and pickup times. But these efforts had only limited success, and speeding cars continued to hit bicyclists and pedestrians in the school zones with depressing regularity.
So city engineers decided to take another approach. In five Garden Grove school zones, they put up what are known as dynamic speed displays, or driver feedback signs: a speed limit posting coupled with a radar sensor attached to a huge digital readout announcing “Your Speed.”
Read moreMind-Control: Harnessing The Power Of Feedback Loops
– Big Brother is watching you: The town where EVERY car is tracked by police cameras (Daily Mail, July 30, 2011):
A sleepy Home Counties market town has become the first in Britain to have every car passing through it tracked by police cameras.
Royston, in Hertfordshire, has had a set of police cameras installed on every road leading in and out of it, recording the numberplate of every vehicle that passes them.
The automatic number-plate recognition system will check the plates against a variety of databases, studying them for links to crimes, and insurance and tax records, and alerting police accordingly.
There were just seven incidents of vehicle crime in the town last month, and residents believe the unmarked cameras are an invasion of their privacy.
The system, due to be switched on in the next few days, also allows police to compile ‘hotlists’ of vehicles that they are interested in and which will be flagged up when the ANPR system
Read moreBig Brother UK: The Town Where EVERY Car Is Tracked By Police Cameras
This event has been reviewed by a seismologist.
Magnitude 6.4
Date-Time Saturday, July 30, 2011 at 18:53:52 UTC
Sunday, July 31, 2011 at 03:53:52 AM at epicenter
Location 36.966°N, 141.058°E
Depth 43.5 km (27.0 miles)
Region NEAR THE EAST COAST OF HONSHU, JAPAN
Distances 18 km (11 miles) ESE of Iwaki, Honshu, Japan
77 km (47 miles) SE of Koriyama, Honshu, Japan
84 km (52 miles) NE of Mito, Honshu, Japan
184 km (114 miles) NE of TOKYO
All the volcanoes in the world that have webcams list compiled HERE:
Don’t miss:
– Max Keiser on RT: ‘America Will Lose Its Sovereignty’ (To International Banksters) (Video)
– Obama Privately Told The Banksters: We’re Not Defaulting (FOX News)
– Default fears worsen as US Senate blocks debt-ceiling bill (Telegraph, July 30 2011):
Congress was earlier warned that it was “playing with fire” and President Barack Obama appealed for a compromise as the Tuesday deadline for a resolution of the debt crisis talks loomed ever closer.
The Senate is now instead debating a Democrat plan to avoid a US government default, a spectre that has created fears of a fresh world recession. The Treasury department says that the US will default on its financial obligations on Tuesday if agreement is not reached on raising the debt ceiling.
Late on Friday night the Republican-controlled House had passed a bill, which would have lifted the borrowing ceiling only temporarily, by just eight votes. Democrats had opposed it as unacceptable and “extremist” – while conservatives influenced by the Tea party argued that it did not go far enough.
John Boehner, the Republican Speaker of the House, gave an impassioned appeal to his colleagues in the House to approve his plan, slamming his fist on the podium several times.
Read moreDefault Fears Worsen As US Senate Blocks Debt-Ceiling Bill
– Researchers Expose Cunning Online Tracking Service That Can’t Be Dodged (Wired, July 29, 2011):
Researchers at U.C. Berkeley have discovered that some of the net’s most popular sites are using a tracking service that can’t be evaded — even when users block cookies, turn off storage in Flash, or use browsers’ “incognito” functions.
The service, called KISSmetrics, is used by sites to track the number of visitors, what the visitors do on the site, and where they come to the site from — and the company says it does a more comprehensive job than its competitors such as Google Analytics.
Read moreResearchers Expose Cunning Online Tracking Service That Can’t Be Evaded
See also:
– #Radioactive Compost Has Been Sold in 23 Prefectures (EX-SKF, July 29, 2011):
It’s attracting far less attention, but the radioactive leaf compost is getting to be like the radioactive beef.
First, it was 20,000 bags sold in Akita. Then, an unknown number of bags sold in Tottori (link in Japanese). Now it turns out 200,000 bags of the radioactive leaf compost from a retailer based in Gunma Prefecture have been sold at least in 23 prefectures, Tottori included, at the retailer’s 166 outlets throughout Japan.
Home gardeners in 23 prefectures ended up irradiating their garden soil.
From Mainichi Shinbun Japanese (7/28/2011):
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Tottori Prefecture announced on July 27 that 14,800 becquerels/kg of radioactive cesium was detected from the leaf compost sold at a home/garden center “Cainz Home FC” in Tottori City.
Read moreAnd Now … Radioactive Compost Sold in 23 Prefectures
– House panel approves broadened ISP snooping bill (CNET News, July 28, 2011):
Internet providers would be forced to keep logs of their customers’ activities for one year–in case police want to review them in the future–under legislation that a U.S. House of Representatives committee approved today.
The 19 to 10 vote represents a victory for conservative Republicans, who made data retention their first major technology initiative after last fall’s elections, and the Justice Department officials who have quietly lobbied for the sweeping new requirements, a development first reported by CNET.
A last-minute rewrite of the bill expands the information that commercial Internet providers are required to store to include customers’ names, addresses, phone numbers, credit card numbers, bank account numbers, and temporarily-assigned IP addresses, some committee members suggested. By a 7-16 vote, the panel rejected an amendment that would have clarified that only IP addresses must be stored.
It represents “a data bank of every digital act by every American” that would “let us find out where every single American visited Web sites,” said Rep. Zoe Lofgren of California, who led Democratic opposition to the bill.
Read moreUS House Of Representatives Committee Approves Broadened ISP Snooping Bill
See also:
– Obama Privately Told The Banksters: We’re Not Defaulting
– IMF’s Lagarde Says U.S. Dollar May Lose ‘Privilege’ Amid Debt-Limit Crisis (Bloomberg, Jul 29, 2011):
International Monetary Fund Managing Director Christine Lagarde said the dollar’s standing as the world’s main reserve currency may be diminished as U.S. lawmakers fail to lift the nation’s debt limit.
The U.S. currency has had an “exorbitant privilege because it was the reserve currency that most central banks had,” Lagarde said in an interview on PBS’s “Newshour” yesterday. “If there was a dent in this exorbitant privilege and the confidence that most people have towards the dollar, it would probably entail a decline of the dollar relative to other currencies.”
Read moreIMF’s Lagarde Says US Dollar May Lose ‘Privilege’ Amid Debt-Limit Crisis
YouTube Added: 29.07.2011
The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.
See also:
– Obama Privately Told The Banksters: We’re Not Defaulting
– Marc Faber: The ‘Great (Monetary) Reset’ Will Destroy Cash
– 4 Recent Scientific Blows to the Global Warming Theory (Activist Post, July 28, 2011):
The science behind the anthropogenic global warming theory appears to be falling apart with each new scientific study. Global warming, now often referred to as “climate change,” is still reported as fact in every establishment publication despite increasing evidence to the contrary. It’s difficult to argue that the climate is not shifting in some noticeable way, yet recent reports clearly show that the science is not as settled as some global warming advocates would suggest.
In fact, since the Climategate scandal broke, where top climate scientists were caught manipulating data to fit the theory, polls have shown the number of global warming believers has plummeted to new lows. Notably, this has occurred while every major media outlet has promoted the theory as environmental law. The record number of skeptics has inspired Al Gore to create a new climate re-education project where he claims “The climate crisis is real and we know how to solve it.”
Even though Gore claims to know how to solve an unproven theory, the proposed solutions to global warming are now drawing scathing criticism from some world leaders like Czech President Vaclav Klaus. Klaus, an economist who lived through the rise and fall of communism, recently said that the climate change movement is a threat to democracy.
“I consider (the global warming doctrine) a new dangerous attempt to control and mastermind my life and our lives, in the name of controlling the climate or temperature,” Klaus said to an audience of the Australian-based think-tank Institute of Public Affairs. Klaus also exposed phony environmentalists, “They don’t care about resources or poverty or pollution. They hate us, the humans. They consider us dangerous and sinful creatures who must be controlled by them.”
Rhetoric aside, the science now pouring in appears to further debunk the anthropogenic global warming theory. Here are four recent developments that damage the theory:
1. A biologist who claimed that polar bears were drowning because of melting ice has been suspended and is being investigated for scientific misconduct following his “veracity” in emotionalizing a debunked topic. Get ready for Polarbeargate.
2. Today, new NASA data blows a gaping hole in global warming alarmism: “NASA satellite data from the years 2000 through 2011 show the Earth’s atmosphere is allowing far more heat to be released into space than alarmist computer models have predicted, reports a new study in the peer-reviewed science journal Remote Sensing.”
3. CERN physicists conducted a cosmic ray climate experiment that is said to directly contradict the climate change debate in the political arena. Apparently, so much so that the scientists have been gagged from discussing their findings reportedly proving that cosmic (space-based) energy has a far greater effect on the climate than previously believed.
4. A recent study published in the Proceedings of the National Academy of Science found evidence that coal burning plants may actually be cooling the planet. The findings have been accepted to the point of suggesting using sulfur to combat global warming; “Sulfur’s ability to cool things down has led some to suggest using it in a geo-engineering feat to cool the planet.” If anything, this study proves that the science behind the anthropogenic global warming theory is unproven.
The stakes are incredibly high in the climate change debate, and global solutions are being offered to us by some less-than reputable leaders, including the international banking cartel. We should remain skeptical and continue to gather more evidence, or the proposed solutions for the climate might lead to other changes that we could live to regret.
– Lights Out For The US Economy As Its Biggest Cheerleader Hangs Up The Towel (ZeroHedge, July 29, 20111):
When Deutsche Bank’s Joey perma-LaWronga finally gives up on his call that has been wrong for about 3 years now, it may be time to i) panic or ii) buy everything with three hands (thank you Fukushima). We are leaning to the former, especially after the upcoming downgrade forces the Fed to launch QE3 in about a month.
From Joseph LaVorgna, Deutsche Bank
Growth recession confirmed; H2 dims; waiting to see jobs
Commentary for Monday: Previously, we highlighted the possibility that the economy was on the brink of a growth recession—a sustained period of below trend growth typically accompanied by rising unemployment. The disappointing Q2 GDP results and downward revisions to the prior three quarters lead us to believe that this indeed is the case. Real GDP in Q2 rose just 1.3%, as personal consumption virtually stalled (+0.1% vs. +2.1% previously). The prior quarters were revised as follows: Q3 2010 (2.5% vs. 2.6% as previously reported), Q4 2010 (2.3% vs. 3.1%) and Q1 2011 (0.4% vs. 1.9%). In light of the softer first half performance of just +0.8% AR, we are making adjustments to our outlook for the second half. We are lowering our estimate of Q3 GDP by a full percentage point to 2.5%; and we are reducing Q4 from 4.3% to 3.0%. These estimates will be subject to further revision pending a couple of near term developments, namely the resolution of the debt ceiling impasse and the outcome of the July employment report. (Although the coming week’s data on ISM manufacturing, construction spending and motor vehicle sales will also be important gauges of activity.) Hence, we are likely to make additional adjustments—potentially sizeable ones—in the relatively near term. For example, if financial conditions tighten significantly in response to a sovereign ratings downgrade or there is a Federal government shutdown, we would make more drastic cuts to growth. We estimate that a 2-3 week shutdown could subtract 1.5% from Q3 GDP growth. A lengthier shutdown could have a significantly more deleterious effect, although we continue to believe that this will not be the case.
Read moreLights Out For The US Economy As Its Biggest Cheerleader Hangs Up The Towel
– Apple Now Has More Cash Than The U.S. Government (Business Insider, July 28, 2011):
Here’s something to keep in mind as you follow this evening’s congressional debate over the debt ceiling.
According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple’s last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.
– Turkey’s military chiefs quit ahead of key meeting (Reuters, July 29, 2011):
Turkey said on Friday its top four military chiefs were all seeking retirement, in moves that appeared to reflect a deep rift between the secularist military and a government with roots in political Islam.
State-run Anatolian news agency said the head of the armed forces General Isik Kosaner and the commanders of the ground, naval and air forces were all stepping down, in what some Turkish media initially described as resignations.
The reason for the generals’ move was not immediately clear, but tensions between the military and the government of Prime Minister Tayyip Erdogan have run high in recent years.
Read moreTurkey’s Top 4 Military Chiefs Quit Ahead Of Key Meeting
