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Camels in The Highest Arctic, Again, Soon.

Pliocene Camels Lived As Close To The Pole As One Can Get On Foot

Abstract: Logic and, or, independent observations, show that, considering the present CO2 (and other human made greenhouse gases) density, the High Arctic will be ice free pretty soon (except for the highest mountains, but that’s to be expected).

Once again, Jihadists decided to kill those who draw with a pen. Fortunately, they met a Texan police officer who was very good at shooting his pistol. (More on this soon.) Here I am going to consider here another type of drawing. A rudimentary, yet enlightening, computation of mine. It is important, because it is about what keeps the Arctic cold: what is inexorably disappearing, the sea ice itself. And it does? Above is the picture (let Jihadists shoot me, for daring to represent God’s creatures).

Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode

Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“. The most famous bond expert on the planet, Bill Gross, recently confessed that he has a sense that the 35 year bull market in bonds is “ending” and he admitted that he is feeling “great unrest”. Nobel Prize–winning economist Robert Shiller has added a new chapter to his bestselling book in which he argues that bond prices are “irrationally high”. The global bond bubble has ballooned to more than 76 trillion dollars, and interest rates have never been lower in modern history. In fact, 25 percent of all government bonds in Europe actually have a negative rate of return at this point. There is literally nowhere for the bond market to go except for the other direction, and when this bull market turns into a bear it will create chaos and financial devastation all over the planet.

In a recent piece entitled “A Sense Of Ending“, bond guru Bill Gross admitted that the 35 year bull market in bonds that has made him and those that have invested with him so wealthy is now coming to an end.

Stanley Druckenmiller, George Soros, Ray Dalio, Jeremy Grantham, among others warn investors that our 35 year investment supercycle may be exhausted. They don’t necessarily counsel heading for the hills, or liquidating assets for cash, but they do speak to low future returns and the increasingly fat tail possibilities of a “bang” at some future date. To them, (and myself) the current bull market is not 35 years old, but twice that in human terms. Surely they and other gurus are looking through their research papers to help predict future financial “obits”, although uncertain of the announcement date. Savor this Bull market moment, they seem to be saying in unison. It will not come again for any of us; unrest lies ahead and low asset returns. Perhaps great unrest, if there is a bubble popping.

And the way that he ended his piece sounds rather ominous.

I wish to still be active in say 2020 to see how this ends. As it is, in 2015, I merely have a sense of an ending, a secular bull market ending with a whimper, not a bang. But if so, like death, only the timing is in doubt. Because of this sense, however, I have unrest, increasingly a great unrest. You should as well.

Bill Gross is someone that knows what he is talking about. I would consider his words very carefully.

Another renowned financial expert, Yale professor Robert Shiller, warned us about the stock bubble in 2000 and about the real estate bubble in 2005. Now, he is warning about the danger posed by this bond bubble.

In the first edition of his landmark book “Irrational Exuberance,” published in 2000, the Yale professor of economics and 2013 Nobel Laureate presciently warned that stocks looked especially expensive. In the second edition, published in 2005 shortly before the real estate bubble crashed, he added a chapter about real estate valuations. And in the new edition, due out later this month, Shiller adds a fresh chapter called “The Bond Market in Historical Perspective,” in which he worries that bond prices might be irrationally high.

For years, ultra-low interest rates have enabled governments around the world to go on a debt binge unlike anything the world has ever seen. Showing very little restraint since the last financial crisis, they have piled up debts that are exceedingly dangerous. If interest rates were to return to historical norms, it would instantly create the greatest government debt crisis in history.

A recent letter from IceCap Asset Management summarized where we basically stand today.

Considering:

1) governments are unable to eliminate deficits

2) global government debt is increasing exponentially

3) 0% interest rates are allowing governments to borrow more to pay off old loans and fund deficits

4) Global growth is declining despite money printing and bailouts And, we’ve saved the latest and greatest fact for last: as stunning as 0% interest rates sound, the mathematically-challenged-fantasyland called Europe has just one upped everyone by introducing NEGATIVE INTEREST RATES.

As of writing, over 25% of all bonds issued by European governments has a guaranteed negative return for investors.

Germany can borrow money for 5 years at an interest rate of NEGATIVE 0.10%. Yes, instead of Germany paying you interest when you lend them money, you have to pay them interest.

These same negative interest rate conditions exist across many of the Eurozone countries, as well as Denmark, Sweden and Switzerland.

Negative interest rates are by nature irrational.

Why in the world would you pay someone to borrow money from you?

It doesn’t make any sense at all, and this irrational state of affairs will not last for too much longer.

At some point, investors are going to come to the realization that the 35 year bull market for bonds is finished, and then there will be a massive rush for the exits. This rush for the exits will be unlike anything the bond market has ever seen before.  Robert Wenzel of the Economic Policy Journal says that this coming rush for the exits will set off a “death spiral”.

Anyone who holds the view that the Fed will not soon raise interest rates,and soon, fails to understand the nature of the developing crisis. It will be led by a collapse of the bond market.

Market forces, somewhat misleadingly called bond-vigilantes, will lead the charge.

I am not as bearish in the short-term on the stock market. The equity markets will be volatile because of the climb in rates and look scary at times but the death spiral will be in the bond market.

As this death spiral accelerates, we are going to see global interest rates rise dramatically. And considering the fact that more than 400 trillion dollars in derivatives are directly tied to interest rates, that is a very scary thing.

And in case you are wondering, the stock market will be deeply affected by all of this as well. I believe that we are going to witness a stock market crash even greater than what we experienced in 2008, and other experts are projecting similar things. For example, just consider what Marc Faber recently told CNBC.

“For the last two years, I’ve been thinking that U.S. stocks are due for a correction,” Faber said Wednesday on CNBC’s “Trading Nation.” “But I always say a bubble is a bubble, and if there’s no correction, the market will go up, and one day it will go down, big time.”

“The market is in a position where it’s not just going to be a 10 percent correction. Maybe it first goes up a bit further, but when it comes, it will be 30 percent or 40 percent minimum!” Faber asserted.

Where we are right now is at the end of the party. There are some that want to keep on dancing to the music for as long as possible, but most can see that things are winding down and people are starting to head for the exits.

The irrational global financial bubble that investors have been enjoying for the past few years has stretched on far longer than it should have. But that is the way irrational bubbles work – they just keep going even when everyone can see that they have become absolutely absurd. However, eventually something always comes along and bursts them, and once that happens markets can crash very, very rapidly.

The post Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode appeared first on The Economic Collapse.

Teaching The Dark Side Subconsciously

How Respect For Infamy Subconsciously Taught

Does USA Academia Teach Respect for Wealth & the Leader Principle?

In a society, institutions teach insidiously the subconscious often more efficiently than what they profess officially. Precisely because, being insidious, the “teaching” is subconscious, surreptitious, thus undefended against.

American Academia teaches the Leader Principle (Hitler’s Fuerer Prinzip in German) in subtle ways.

One way to do that is to give a human being’s name to prestigious chairs. Then proudly, firmly and very officially, it is announced, often by the beneficiary himself, that said beneficiary of the Chair is “The Blah Blah Von Bloh Bloh Bloh Professor of Such and Such at the University of This and That”).

Thus, the impression is imprinted on teenagers that it is by the good grace of someone extremely wealthy that the professing professor seems to have been created. Hence wealth creates intellectual, academic authority.

96 Percent Of Americans Expect More Civil Unrest In U.S. Cities This Summer

Are you ready for rioting, looting and mindless violence in major U.S. cities all summer long? According to a brand new Wall Street Journal/NBC News poll, 96 percent of all Americans believe that there will be more civil unrest in America this summer. That leaves only 4 percent of people that believe that everything will be just fine. In this day and age, it is virtually impossible to get 96 percent of Americans to agree on anything. So the fact that just about everyone agrees that we are going to see more civil unrest should really tell you something. The anger that has been building under the surface for so many years in this country has finally started to erupt. If you have been following my website for a while, you know that this is something that I have been warning about for a very long time. Many people may have thought that I was exaggerating when I talked about the civil unrest that was coming to American cities. But I was not exaggerating at all. In fact, if anything I was downplaying it. In the years to come, we are going to see things happen in our cities that are going to absolutely shock the world.

Ever since the violence first erupted in Baltimore, what has surprised me more than anything has been the level of hate that I am seeing all over the Internet. I am seeing white people openly proclaim how much they hate black people. I am seeing black people openly proclaim how much they hate white people. I am seeing things said about the police that are absolutely horrifying. Yes, there has been a tremendous amount of police brutality in this nation. In fact, I have been one of the leaders in writing about it. But most police officers are just trying to serve their communities the very best that they can. So why is there so much hate for anyone that is a police officer these days?

If all of this hate continues to grow, it is going to eat our nation alive. Why can’t we just learn to forgive one another, love one another and work together to rebuild our once great nation?

I know that what I just said is going to mostly fall on deaf ears. But it needs to be said.

I wish that we could change course as a nation and avoid all of the rioting, looting and senseless violence that is coming. Unfortunately, I don’t see that happening, and neither does the rest of the country.

Americans are bracing for a summer of racial disturbances around the country, such as those that have wracked Baltimore, with African Americans and whites deeply divided about why the urban violence has occurred, a new Wall Street Journal/NBC News poll has found.

A resounding 96% of adults surveyed said it was likely there would be additional racial disturbances this summer, a signal that Americans believe Baltimore’s recent problems aren’t a local phenomenon but instead are symptomatic of broader national problems.

What happened in Ferguson set the precedent, and now what has happened in Baltimore has provided the spark for a national movement. Similar “demonstrations” are popping up all over the nation, and a number of them have already turned violent.

For example, check out what happened in Seattle on Friday night.

Demonstrations turned violent in Seattle after night fell, with police reporting that protesters hurled rocks and wrenches at officers and damaged 25 vehicles. Police reported that an “explosive device” was thrown at officers, and a trash bin was pushed down a hill toward police.

Three officers were injured, two seriously enough that they were taken to a hospital, Seattle police said on Twitter. At least 16 people were arrested Friday night, police said.

And just down the coast in Portland, we also witnessed some very ugly violence.

One Portland, Oregon, police officer was injured by a protester, according to police. Portland Police reported on Twitter that protesters were throwing “projectiles” and “incendiary devices” at officers.

Police used pepper spray on protesters who tried to march on a bridge Friday afternoon and later sheriff’s deputies used stingballs, filled with tiny rubber balls, on protesters who were throwing chairs at police, according to the department.

These protesters are just copying what they saw in Baltimore. And things would not have ever gotten so bad in Baltimore if the police had not been ordered to stand down and let the riots spiral out of control. Now, we have learned that many police officers were so outraged by this that they want Baltimore Mayor Stephanie Rawlings-Blake to immediately resign.

During a Baltimore-based radio talk show on Thursday, a man who identified himself as a Baltimore police officer named “Jeff” called into the program and said fellow police officers were organizing to push out the city’s mayor.

There is right now over 50 of us officers who are immediately asking for [Baltimore Mayor] Stephanie Rawlings-Blake to step down for what she did to us Monday,” the caller told WBAL radio host Derek Hunter.

The Baltimore mayor has denied giving “stand down” orders and blamed the media for misinterpreting her comments about providing “a space” for protesters to loot.

“Any other time in my career, if somebody were to throw a brick or a block at me, we would take immediate actions to pull our weapons on them. Numerous times on Monday when our officers were being injured, our commanders are telling us ‘stand down, stand down.’ You had no idea what it did to us as police officers to sit there,” said the self-described “21-year veteran” of the Baltimore police department.

Scenes of protesters attacking police were broadcast all over the nation, and it was inevitable that we would start to see “copycat attacks” against the police start to happen. In New York City, a plainclothes police officer was shot in the head on Saturday.

A plainclothes New York City police officer was shot in the head and critically injured while in an unmarked police car Saturday as he and his partner attempted to stop and question a man they suspected of carrying a gun, officials said.

Officer Brian Moore and his partner, Erik Jansen, noticed Demitrius Blackwell “walking and adjusting an object in his waistband” when they pulled up on him in their car, exchanging words with him before he turned and suddenly fired at least two rounds into the car, police Commissioner William Bratton said.

“The man immediately removed the firearm from his waistband and turned in the direction of the officers and deliberately fired several times at the vehicle, striking Officer Moore in the head,” Bratton said at a press conference at a Queens hospital. The 25-year-old Moore was undergoing surgery but listed in stable condition.

We are seeing the same thing when it comes to racially-motivated violence. This is something that we witnessed in Baltimore, and now all over the nation people are being attacked just because of the color of their skin.

For instance, one young man in California attacked a random passerby with a baseball bat.

A Fontana man accused of beating a passerby with a bat in an apparently random attack in Rialto, leaving the victim with life-threatening injuries that he was not expected to survive, was charged Wednesday with attempted murder allegedly committed as a hate crime.

Jeremiah Ajani Bell, 22, was arrested Monday, a day after a daylight assault on 54-year-old Armando Barron, who was walking down the street when he was attacked.

So why did this happen? Well, apparently it was because the passerby had the wrong skin color.

“It appears he was targeting anybody who wasn’t black,” Rialto police Detective Sgt. Paul Stella said Wednesday.

We witnessed an even more disturbing example of racially-motivated violence just the other day in South Carolina.

Witnesses and police say a mob of 60 black teens took to the streets of Charleston, South Carolina, to unleash attacks on unsuspecting drivers and pedestrians, all but one of whom were white.

And of course police in some areas of the country are also using unnecessary violence. Just consider what happened to a group of peaceful protesters in Denver on Wednesday.

With much of the nation focused on the police abuse protests happening in Baltimore and New York City, the Denver police and their actions against a group of protesters on Wednesday has largely gone unnoticed.

But police were dressed for war. Paramilitary style. And they weren’t going home without using a few cans of pepper spray and filling up a paddy wagon.

Video that surfaced shows a group of about 100 protesters walking the streets of downtown Denver where they were met with line of motorcycle cops who forced the group on to the sidewalk.  One overzealous officer can be seen breaking away from the pack chasing down pedestrians, using his motorcycle as a large weapon.

It’s war on the streets of America, and this is only just the beginning.

As we enter the next major economic downturn, people are going to become angrier and even more desperate. And desperate people do desperate things. The next few years are not going to be a good time to be living in urban areas. Even if you only have peace and love in your heart, that doesn’t mean that you won’t get caught in the crossfire as the violence escalates.

For years, most of our politicians have been preaching hate and division. For years, the mainstream media has been preaching hate and division. For years, Hollywood has been preaching hate and division.

Now we have a nation that is deeply, deeply divided and that is filled with hate.

Things didn’t have to turn out this way, but they did. I hope that you are getting ready for what comes next.

The post 96 Percent Of Americans Expect More Civil Unrest In U.S. Cities This Summer appeared first on The Economic Collapse.

Correct Globalization

First, some answers to some questions:

Kevin ponders: “Truth Saved Germany After 1945,″

and asks: “How real, how deep was denazification, really? Both internationally (case in point, the USA) and domestically?”

Answer: Germany is still denazifying. I follow German TV and I can tell you today’s Germans view the Nazis as monsters from another planet. Today’s Germans are completely French republicans, as far as Nazism is concerned.

It was not the case after the war. Thanks in great part to the influence of the USA reinvigorated by its campaign of annihilation of French ports, just because they could, countless Nazis escaped prosecution. Even more were put in leadership roles, from financial bankster Schacht, creatur of JP Morgan, genitor of Hitler, to top Nazi Marshall Von Manstein (who blocked denazification in the German army), to the industrialist Thyssen (author of the 1940 book “I paid Hitler”).

But then from trial to trial, and revelation to revelation, the truth has come out. The latest guy on trial, then a young accountant at Auschwitz, fully admits how terrible the Nazi system was and his role in it.

The Bush family was never asked to regurgitate the fortune it made from managing his arms industry for Hitler. This is tyoical of the absence of denazification of the USA.

(Whereas of course the heroic SNCF, the French Railways, which suffered hundreds of summarily executed resistance fighters, was required to pay reparations, by USA Jews, for having transported Jews under the gun.)

Kevin: “Is today’s “German mindset” that far removed from yesterday’s (case in point, Germany’s recent conduct in the EU)? The Nazi’s enablers are still here, untouched, unpunished, how can there be truth?”

Well the austerity thing is a very vast problem, which, as you hint, did not originate in Germany. (Actually in the 1930s France was austerian, whereas the USA, the UK and Germany, starting in 1933, were all very much into default, devaluation and massive liquidity creation!)

The Nazi enablers” were more based in New York-the USA than Berlin (this is one of my main theses). It is not just a question of Ford financing Hitler (1920), or of Schacht-JP Morgan (1923), or the Wall Street Morgenthau plan of 1928.

Kevin: “Hell, I’d even say that as WWII fades more and more into History, it becomes a mythology, if not a religion, a unction divine if you will (case in point, the system below, its drivers, its collaborators and its parasites). Where is the truth, where there is myth only?”

This is exactly why it is important to understand that Hitler was a plutocratically constructed phenomenon, in the general sense of the word “plutocracy”. And that much of Hitler’s power, and advice, came from the global plutocracy, based in the UK and the USA.

It is important to get the mythology right. It’s not obvious, as the Nazis themselves spread disingenuously the disinformation that they were against “plutocrats” (while feeding at their teat).

Kevin: “Patrice says: “What I reproach to Gandhi was to view the minor problem (getting the British exploitation of India to stop) to be major,”

What about [the free trade deals]? The “major” problem is not the above-mentioned Islam in this case, but the global (Anglo, it never can hurts to point out) exploitation system you rail against, which is triumphing overall (and thus exhausting itself, along with everything else).

There is no jumping out of the runaway train”

These global free trade treaties have caused massive unemployment in the industrial workers class in the USA, recent studies have shown. Even the Wall Street Journal (!) had an editorial about this, a few days ago, and said that had to be fixed.

This evidence was long denied by the economists paid by plutocrats in the last 35 years that plutocracy has reigned over the minds, in the West.

The question, thus is not so much about “Anglo” than about “Pluto”. For a long time, the average denizen of the UK and the USA profited from empire. But now it’s clearly not the case in Britain. And clearly, in the USA, the writing is on the wall: although fracking has been profitable for the average citizen of the USA, as the Greenhouse Crisis gathers pace, this is not going to be the case anymore. The anti-flooding (from sea level rise) plan of New York City cost (put in place by Mayor Blumberg) cost 20 billion dollars (when Antarctica starts to melt big time, stopping the sea will not be a possibility.

So how to fix a lot of things?

A carbon tax.

It should be applied, worldwide.

When? The Conference in Paris is the place to impose it. Although I do not think it is on the agenda. Instead complicated laws are supposed to be brought forward. That will not work.

A carbon tax will increase the availability of local work (as it taxes world transportation: ships emit lots of CO2). It is also absolutely necessary if one wants to be serious about decreasing CO2 emissions.

I will explain this next.

Patrice Ayme

Major U.S. Retailers Are Closing More Than 6,000 Stores

If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable.

So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a major “turning point” for the U.S. economy, and I still feel that way. And since I started The Economic Collapse Blog at the end of 2009, I have never seen as many indications that we are headed into another major economic downturn as I do right now. If retailers are closing this many stores already, what are our malls and shopping centers going to look like a few years from now?

The list below comes from information compiled by About.com, but I have only included major retailers that have announced plans to close at least 10 stores. Most of these closures will take place this year, but in some instances the closures are scheduled to be phased in over a number of years. As you can see, the number of stores that are being permanently shut down is absolutely staggering.

180 Abercrombie & Fitch (by 2015)

75 Aeropostale (through January 2015)

150 American Eagle Outfitters (through 2017)

223 Barnes & Noble (through 2023)

265 Body Central / Body Shop

66 Bottom Dollar Food

25 Build-A-Bear (through 2015)

32 C. Wonder

21 Cache

120 Chico’s (through 2017)

200 Children’s Place (through 2017)

17 Christopher & Banks

70 Coach (fiscal 2015)

70 Coco’s /Carrows

300 Deb Shops

92 Delia’s

340 Dollar Tree/Family Dollar

39 Einstein Bros. Bagels

50 Express (through 2015)

31 Frederick’s of Hollywood

50 Fresh & Easy Grocey Stores

14 Friendly’s

65 Future Shop (Best Buy Canada)

54 Golf Galaxy (by 2016)

50 Guess (through 2015)

26 Gymboree

40 JCPenney

127 Jones New York Outlet

10 Just Baked

28 Kate Spade Saturday & Jack Spade

14 Macy’s

400 Office Depot/Office Max (by 2016)

63 Pep Boys (“in the coming years”)

100 Pier One (by 2017)

20 Pick ’n Save (by 2017)

1,784 Radio Shack

13 Ruby Tuesday

77 Sears

10 SpartanNash Grocery Stores

55 Staples (2015)

133 Target, Canada (bankruptcy)

31 Tiger Direct

200 Walgreens (by 2017)

10 West Marine

338 Wet Seal

80 Wolverine World Wide (2015 – Stride Rite & Keds)

So why is this happening?

Without a doubt, Internet retailing is taking a huge toll on brick and mortar stores, and this is a trend that is not going to end any time soon.

But as Thad Beversdorf has pointed out, we have also seen a stunning decline in true discretionary consumer spending over the past six months.

What we find is that over the past 6 months we had a tremendous drop in true discretionary consumer spending. Within the overall downtrend we do see a bit of a rally in February but quite ominously that rally failed and the bottom absolutely fell out. Again the importance is it confirms the fundamental theory that consumer spending is showing the initial signs of a severe pull back. A worrying signal to be certain as we would expect this pull back to begin impacting other areas of consumer spending. The reason is that American consumers typically do not voluntarily pull back like that on spending but do so because they have run out of credit. And if credit is running thin it will surely be felt in all spending.

The truth is that middle class U.S. consumers are tapped out. Most families are just scraping by financially from month to month. For most Americans, there simply is not a whole lot of extra money left over to go shopping with these days.

In fact, at this point approximately one out of every four Americans spend at least half of their incomes just on rent.

More than one in four Americans are spending at least half of their family income on rent – leaving little money left to purchase groceries, buy clothing or put gas in the car, new figures have revealed.

A staggering 11.25 million households consume 50 percent or more of their income on housing and utilities, according to an analysis of Census data by nonprofit firm, Enterprise Community Partners.

And 1.8 million of these households spend at least 70 percent of their paychecks on rent.

The surging cost of rental housing has affected a rising number of families since the Great Recession hit in 2007. Officials define housing costs in excess of 30 percent of income as burdensome.

For decades, the U.S. economy was powered by a free spending middle class that had plenty of discretionary income to throw around. But now that the middle class is being systematically destroyed, that paradigm is changing. Americans families simply do not have the same resources that they once did, and that spells big trouble for retailers.

As you read this article, the United States still has more retail space per person than any other nation on the planet. But as stores close by the thousands, “space available” signs are going to be popping up everywhere. This is especially going to be true in poor and lower middle class neighborhoods. Especially after what we just witnessed in Baltimore, many retailers are not going to hesitate to shut down underperforming locations in impoverished areas.

And remember, the next major economic crisis has not even arrived yet. Once it does, the business environment in this country is going to change dramatically, and a few years from now America is going to look far different than it does right now.

The post Major U.S. Retailers Are Closing More Than 6,000 Stores appeared first on The Economic Collapse.

No Reconciliation Without Better Truth

"Gandhi Was Confused: “Being You” & Being Correct Are Not The Same. Yesterday's You Is Not Necessarily Tomorrow's Truth

Can we have true peace without truth about the conflict it is supposed to put an end to?

No.

An excellent example is World War One. It caused World War Two, because the war did not expose the truth. Instead the lousy peace of 1919 nurtured bigger lies, and tolerance for horrendous war crimes. On the German side. The mistake was not renewed in 1945. In 1945, truth was allowed to crush a lot of (German) lies. (Lies made in the USA, or UK, were allowed to prosper, though.)

On August 1, 1914, the fascist German dictatorship headed by the so-called “Kaiser” Wilhelm II, had attacked, by surprise, the world in general, and the French Republic in particular (knowing full well Britain was going to declare war, but hoping to crush France before Britain could raise an army, and before Russia against which it had declared war to, became a problem).

In 1919, the Peace Conference in Paris brought no prosecution for the so-called “Rape of Belgium” (it was worse than rape, as it involved, well documented examples of the most atrocious crimes, such as deliberately Prussian troops killing Belgium toddlers, after an immensely costly counter-attack of the French army, which had strangely infuriated the Teutonic invaders).

After attacking France, Luxembourg and Belgium, the German empire proceeded to deploy a whole panoply of war crimes (the Allies answered in kind for gas attacks, but only for gas attacks: the first gas killed thousands of French troops and would have caused a hole in the front, had the Germans been more ready for it).

This lack of prosecution for German war crimes was not just a lack of prosecution of criminals, but also a lack of pursuit of truth.

All what German military personnel retained from the non-prosecution of their horrendous crimes, starting with war of aggression, was that the Allies did not mind war crimes. Adolf Hitler himself wrote that the Armenian genocide had been well accepted, and that the will of democracies and Christians was too weak to do anything for this sort of things.

One of Gandhi’s Errors:

Most of the following quote is entirely correct. Yet it is poisoned with an insidious error. Contrarily to what Gandhi thought, the truth is not about “You” always. The truth is not just about “being you“. All sorts of fanatics were very much about being themselves all too much, throughout history. Sometimes, being “You” is a disease. And a contagious, lethal one.

16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here

Get Prepared Now

If U.S. economic growth falls any lower, we are officially going to be in recession territory. On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015. That was much lower than all of the “experts” were projecting. And of course there are all sorts of questions whether the GDP numbers the government feeds us are legitimate anyway. According to John Williams of shadowstats.com, if honest numbers were used they would show that U.S. GDP growth has been continuously negative since 2005. But even if we consider the number that the government has given us to be the “real” number, it still shows that the U.S. economy has stalled out. It is almost as if we have hit a “turning point”, and there are many out there (including myself) that believe that the next major economic downturn is dead ahead. As you will see in this article, a whole bunch of things are happening right now that we would expect to see if a recession was beginning. The following are 16 signs that the economy has stalled out and the next economic downturn is here.

#1 We just learned that U.S. GDP grew at an anemic 0.2 percent annual rate during the first quarter of 2015.

The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year. The pace fell well shy of the 1 percent mark anticipated by analysts and marked the weakest quarter in a year.

#2 If you strip a very unusual inventory buildup out of the GDP number, U.S. GDP would have actually fallen at a -2.5 percent annual rate during the first quarter.

The only good news: the massive inventory build, the largest since 2010, boosted GDP by nearly 3.0%. Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.

#3 Our trade deficit with the rest of the planet is absolutely killing our economic growth. According to the Reality Chek Blog, U.S. economic growth would have been a total of 8 percent higher since the end of the last recession if we actually had balanced trade with other nations.

As of the new first quarter figures, the worsening of the trade deficit has reduced the cumulative real growth of the U.S. economy by 7.99 percent since the current recovery began in the second quarter of 2009.

#4 According to numbers that were just released by the Bureau of Labor Statistics, in one out of every five American families nobody has a job. So how in the world can the “unemployment rate” be sitting at “5.5 percent” when everyone is unemployed in 20 percent of all families in the United States? It doesn’t make any sense.

#5 The rate of homeownership in the United States has just hit a brand new 25 year low. How can anyone claim that the middle class is “healthy” when the percentage of Americans that own a home is the lowest that it has been in more than two decades?

#6 Back in 2013, 31 percent of all Americans said that they did not anticipate buying a home “for the foreseeable future”. Just two years later, that number has risen to 41 percent.

#7 The student loan bubble is clearly bursting. According to Bloomberg, only 37 percent of all student loan borrowers are actually up to date on their payments and reducing their balances.

With borrowers increasingly struggling to repay their student loans, Moody’s Investors Service is warning it may take investors longer than promised to get their money back. The credit grader said this month it may lower rankings on $3 billion of top-rated debt as investors face the threat of slowing principal payments or even receiving no interest.

The concern underscores the fallout from a record $1.2 trillion in U.S. student loans that’s spreading to everything from the housing market and consumer spending to taxpayers. As a sluggish economic recovery forces borrowers to miss payments or tap relief programs, only 37 percent are current and reducing their balances, according to a Federal Reserve Bank of New York presentation this month.

#8 Procter & Gamble has announced that it will be cutting up to 6,000 more jobs from their payroll. Why would they be doing this if the economy is “getting better”?

#9 McDonald’s plans to permanently shut down 700 “poorly performing” restaurants over the course of 2015. Why would they be doing this if the economy is “getting better”?

#10 It is being projected that half of all fracking companies in the United States will be either “dead or sold” by the end of 2015.

#11 Retail sales in the U.S. have not dropped this rapidly since the last recession.

#12 Wholesale sales in the U.S. have not dropped this rapidly since the last recession.

#13 Factory orders in the U.S. have not dropped this rapidly since the last recession.

#14 Credit requests are being declined at a rate that we haven’t seen since the last recession.

#15 U.S. export growth has gone negative for the first time since the last recession.

#16 As the U.S. economy begins to head into another downturn, most Americans are completely unprepared for it. In fact, one recent survey discovered that 62 percent of all Americans are currently living paycheck to paycheck.

Don’t let this next recession take you by surprise.

Back in 2008 and 2009, millions of Americans suddenly lost their jobs or businesses because of the sharp economic downturn. Because most of them were living paycheck to paycheck, all of a sudden a whole lot of Americans could not make their mortgage payments and foreclosures surged to unprecedented heights. Millions of families that thought they were operating on a solid foundation saw their middle class lifestyles evaporate in just a matter of a few months.

That is why it is so vital to prepare yourself financially, mentally, emotionally, physically and spiritually for the great storm that is coming ahead of time. Over the past couple of years, I have been working on a new book entitled “Get Prepared Now” which talks about how to make these preparations. On Wednesday, it was finally released to the public. I hope that you will check it out.

The past few years have been a period of relative stability for the U.S. economy. A lot of people have been lulled into a false sense of security during that time. These people have become convinced that our problems have been fixed. But they haven’t been fixed at all. In fact, our problems are far, far worse than they were just prior to the last financial crisis.

When the next great financial crisis strikes, we are going to see a spike in the suicide rate just like we did during the last one. Millions will be blindsided by what is coming and will give in to depression and despair. But that doesn’t have to happen to you. It is empowering to know what is coming and to understand why it is coming. It is empowering to get prepared in advance for turbulent times. It is empowering to have a plan for the years ahead.

Even though I write about all of the horrible things that are coming to this country every day, I live my life with no fear, and that is what I want for all of you as well.

Do you want to know who will be giving in to fear and panic when things start to go really crazy?

It will be the people that had no idea what was coming and made no preparations whatsoever.

Yes, the times ahead are going to be extremely challenging, but they can also be the best times of your life.

It is all going to come down to how you respond to a world that is going completely insane.

The choice is up to you.

The post 16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here appeared first on The Economic Collapse.

Too Much Aversion To Aversion Kills Prevention.

Anger Sometimes Not Just Best, But The Only Way:

Many people are conflicted about conflicts. They are told conflicts are intrinsically bad, and they should wrought the conflicts out of themselves. Avert aversion, and conspiracy theories, and the world will be yours. This sweetly insipid medicine is central to the plutocracy of the USA, and is repeated at all levels, from family therapists, to (nearly) all the media, to the presidency. “Black” and variously colored youth seem to increasingly disagree with this treatment. It is getting ever harder to swallow, as more and more youth are starting to understand Obama is more Wall Street than ex-disgruntled youth (whom, actually, he never was. Silver spoon is more like it.)

Anger is actually best, when it is the most appropriate attitude. Obama saved the private banks and the careers of the banksters who managed them, but what did he do for Black youth? If not now, then when, and what? Is breaking the necks and piercing with bullets those who disagree the solution, looking forward?

Look To The Right Of The Burning Police Car: All Obama Cares About Is Trade Deals For His Plutocratic Pets

Genocidal Turkey?

Turkey Ought To Regurgitate What’s Inside The Red Circles

A (good) philosopher ought to tell the truth, a (good) politician, how to sell it. Maybe Obama is acting behind the scene to persuade Turkey to recognize the Armenian Genocide (hope springs, eternal!) The Wall Street Journal talked only of “Armenian Slaughter” (not “Genocide”) on its front page’s cover story with a picture of the French and Russian presidents, commemorating the Holocaust in Armenia. The New York Times, apparently friendlier to mass-murder, completely ignored the Armenian Genocide. Not just that, but the Times’ front page article, instead, celebrated the success of Obama’s drone campaign. Eerie. I guess the meta-idea is that it’s OK to kill civilians when pursuing a higher purpose.

So Times says: holocausts not important, while assassination by CIA drones works splendidly. That is emotionally clear.

[Cilicia used to be known as “Little Armenia”. Historically, the ancient Armenian empire joined both Cilicia and Armenia proper in one ensemble.]

As long as it does not recognize what happened, Turkey is a genocidal country. This means that today’s Turkish state is an accomplice of its direct predecessor of 1915. At the very least, Turkish gendarmes cordoned off Armenians in 1915, so that they could be massacred in peace.

Turkey is still engaging in genocidal policies, and not just against the Kurds. Turkey has been facilitating Daesh (“Islamist State”) and other Islamists.

The dismantlement of Turkey had been decided by the Treaty of Sèvres (10 August 1920). That was one of the treaties to dismantle the Central Fascist Empires which had attacked the entire world in 1914. In a similar vein, in 2014, Daesh, the “Islamist State”, declared war against the entire world and its inheritance.

Turkey got only partly dismantled: the “Young Turks’”army resisted the Franco-Greco-Armenian military assault. It helped that Armenia had been so enormously genocidized before (one cannot have an army when one’s population has been halved, or more).

Genocides Amplify, and Propagate:

Within three months of the Armenian Genocide, German Consuls in Turkey had unanimously officially declared to their government that the government of Turkey had decided the total eradication of Armenian population in Turkey.

Joachim Gauk, the German president just admitted, not just that there was a genocide, but that German officers took part in planning and executing the Holocaust (confirming what I wrote in a simultaneous essay; the next day, overwhelmingly, the German Parliament recognized the Armenian Genocide). Clearly, as I said, for years, World War One was the inception of Nazism. That’s when Hitler and company learned their ethics. The ethics of genocide.

If enough countries recognize the Armenian Genocide, it will have consequences for Turkey. This is why Obama’s cowardly behavior is unforgivable. Humanity has to learn to look at genocides, past and future, in the eye.

Personally, I am for the partial dismantlement of Turkey. Without calling for the full restitution of historical Armenian, part of it ought to be returned. I have met young “Turks” who were livid that their children had to convert to Islam, and deny their cultural heritage. (They are now living in the USA, driving taxis, wondering how to handle their Islamized children.)

Another piece of Turkey ought to go to the Kurds. There are precedent: Singapore separating from Malaysia, Timor from Indonesia, South Sudan from North Sudan.

*

Charles The Evil Ruler:

Prince Charles and one of his sons went to pay their respect to Erdogan, the ruler of Turkey, on the very same day as the 100th Anniversary of the Armenian Holocaust was commemorated. There they were, saluting crisply Erdogan. One must admit that the evil Charles and his evil son wear grand uniforms.

But why the official denial that the Armenian genocide happened?

Everybody knows that Erdogan moved the Gallipoli victory celebration to the same day, as the beginning of the Armenian genocide.

Gallipoli was also a defeat of France, Britain, Australia and New Zealand against the evil regime in Ankara allied to the evil, world war mongering regime in Berlin.

Are the evil Charles and his evil son going to put grand uniforms next and briskly salute the commemoration of the defeat of the British Army at Toulon in 1793, at the hands of Napoleon? Hey, that was another bloody defeat! (Which launched Napoleon’s ill-fated career.)

The behaviors of the leaders of Great Britain and the USA shows that they value their power over the present Turkish government, more than the empire of goodness. Not by coincidence, the USA has been the greatest obstacle to fixing the CO2 problem. Not by coincidence, the USA was built on genocides and related cover-ups, as I related in Quake In Nepal, Or Why Exploitation Does Not Help Natives.

However, for goodness to rule, it has to be coherent. If one ignores Turkey for a holocaust, one may as well ignore North Korea, say, for planned nuclear blackmail, the threat of a nuclear holocaust. And this is exactly what is happening.

Patrice Ayme

In Every City In America There Are People Ready To Riot, Loot And Set Things On Fire

In Every City In America There Are People Ready To Riot, Loot And Set Things On Fire

The city of Baltimore has been transformed into an “absolute war zone“, and the governor of Maryland has declared a state of emergency as the rioting in “Charm City” continues to escalate. The funeral for Freddie Gray has unleashed a firestorm of violence, and none of it is going to do anyone any good. To their credit, some of the leaders of the African-American community are standing up and loudly condemning the violence. They know that smashing cars, throwing rocks at police and looting stores is not going to solve anything. But just like we saw in Ferguson, there are lots of people out there that are ready to riot, loot and set things on fire at the drop of a hat – all they need is an opportunity. The social decay that has been eating away at the foundations of our society for generations is now manifesting in some very ugly ways. We have raised an entire generation of young people in a “value free” environment, and now we are getting to experience some of the consequences of our foolishness. And what we are witnessing in Baltimore right now is just the start. Eventually, we are going to see scenes like this all over the nation.

Thanks to social media, the violence that we saw in Baltimore on Monday is being broadcast to the entire planet. The whole world is getting a really good look at what the decline of America looks like. The following is how the New York Times described what took place.

Angry youths could be seen surrounding a police cruiser and smashing its windows in what police described as an organized attack by criminals – not demonstrators. Cars were set on fire, and stores’ windows were smashed in. Heavy smoke poured out of a CVS drugstore, which had earlier been overrun by looters. Several other businesses, including a liquor store and a check-cashing shop, were also looted.

You can find some incredible photos of looting in progress right here. Do those young people believe that they are actually doing something constructive that will make a difference in our society? Of course not. They are opportunists that are taking advantage of the chaos to commit crime.

And you know what? A lot of older African-Americans were absolutely disgusted by what they were seeing. The following is just one example.

Barbara Taylor, 60, has lived in the neighborhood near the store for 15 years. As she spoke, a group of teenagers carrying cases of soda and Arizona Iced Tea walked by. “All I can see is crime,” said Taylor. “The people doing this don’t live around here. They’re kids coming in to our neighborhood and breaking it apart. There is no reason for this.”

Of course the biggest targets on Monday were police officers. It is becoming extremely dangerous to be a police officer in America today, and this is something that I wrote an entire article about recently. During the violence on Monday, seven police officers were seriously injured. At least some of the injured had broken bones, and one was described as being “unresponsive”.

“We have seven officers who were injured during the course of this,” said Baltimore Police Capt. Eric Kowalczyk. “They have broken bones, one of them is unresponsive. This is not okay. Our officers went out to that situation to make sure that the people who live in that community were safe and we’re going to continue to do what we can to make sure that those people stay safe.

“It’s a group of lawless individuals,” Kowalczyk said of the rioters. “What we know is that they are a group of criminals with no regard for the people in the community.”

This is what America is becoming, and this is only just the beginning. As I mentioned yesterday, I went on the record publicly regarding my belief that civil unrest was coming specifically to Baltimore during a speech I gave on the evening of April 11th. That was about a week before Freddie Gray died. But little did I know that it would start happening before the end of the month. The following are some tweets that contain scenes from the violence that we witnessed on Monday.

“The scene looks like Gotham.” https://www.ibtimes.com/photos-baltimore-unrest-twitter-pictures-looters-fires-vandals-1898923 #BaltimoreRiots https://twitter.com/IBTimes/status/592840660803264514/photo/1

– IBTimes (@IBTimes) April 28, 2015

Around the Town: Hardworking Teens Take Monthly Inventory In Baltimore Convenience Store . #BaltimoreRiots https://twitter.com/rovibe71/status/592840275250262017/photo/1

– Hillary’s Burrito (@rovibe71) April 27, 2015

Police van on fire as well as car on W North #Baltimore #BaltimoreRiots https://twitter.com/vicbekiempis/status/592800091431432193/photo/1

– Victoria Bekiempis (@vicbekiempis) April 27, 2015

Police vehicle on fire #Baltimore #FreddieGray https://twitter.com/rConflictNews/status/592793643129405440/photo/1

2 MTA cars just exploded in #Baltimore https://twitter.com/NewsThisSecond/status/592802639672418304/photo/1

– News This Second (@NewsThisSecond) April 27, 2015

Another liquor store being robbed. Also reports of looters cutting Fire Department hoses. #BaltimoreRiots https://twitter.com/PrisonPlanet/status/592826672782639104/photo/1

Now they are busting into a bank! #Baltimore #PrayersForBaltimore https://twitter.com/lingling23/status/592805463827292160/photo/1

– Lisa Rohlfing (@lingling23) April 27, 2015

I’m sure #FreddieGray would be delighted with how his death is being avenged. Looted toilet paper. #BaltimoreRiots https://twitter.com/PrisonPlanet/status/592822130267525121/photo/1

CVS Pharmacy set on fire by rioters. Housing complex right behind it. Fire Department cannot respond #BaltimoreRiots https://twitter.com/PrisonPlanet/status/592818032768065536/photo/1

– Paul Joseph Watson (@PrisonPlanet) April 27, 2015

MD police cruiser on fire. We’re in continuous LIVE coverage: #BaltimoreRiots #FreddieGray https://twitter.com/OhMyGOFF/status/592794550894231552/photo/1

Nothing screams justice like. #BaltimoreRiots

– First In Last Out (@4gen234) April 27, 2015

.@justin_fenton @baltimoresun I just watched a guy dragged from his store and sucker punched and stomped https://twitter.com/jtalaiver/status/592829911678722052/video/1

Make sure to watch that last video. It shows a man literally being dragged out of his store and ruthlessly beaten by a gang of young thugs. Because of the decisions that we have made as a society, this is what the future of our country is going to look like. This is something that I have been warning about for years, and now it is here.

So let us mourn for America, because the nation that so many of us love is slipping away a little bit more every single day.

Quake In Nepal, Or Why Exploitation Does Not Help Natives

The Segment Just West Of The 1934 Quake Slipped

It is not very surprising that a 7.9 Richter quake hit Nepal, half way between Pokhara and Kathmandu. It was expected, and overdue (they come every 75 years, latest big one, 8.1 Richter, was in 1934). More worrisome: a “Megathrust” quake could happen throughout the region, a continuation of the one which happened to the east of the Indian plate in 2004. Plates move, that’s what they do, as the Earth’s innards swallow all this carbon, which, otherwise, would turn Earth into Venus.

Many of the quakes, including of the horizontal slip type, are upper crust readjustments from motion that occurred lower down already.

In California, the faults creep roughly twice faster in depth than on the surface. 5 centimeters a year down below, only half that, on the surface (with luck; in many places, the surface is stuck).

The means exist, in developed regions, to build constructions that are impervious to earthquakes, as Japan and Chile have demonstrated. However, steel is expensive.

Everest Looks Like A Giant Wave. It’s A Wave Of Rock Breaking Onto Tibet.
Everest Looks Like A Giant Wave. It’s A Wave Of Rock Breaking Onto Tibet.

In the latest quake, the whole city of Katmandu slipped to the south 3 meters. Severe quakes are expected in notoriously unprepared places such as Tehran and Lima. In general, wherever there are (non totally senile) mountains, quakes are to be expected. In Eurasia, the Indian plate is pressing north at a steady 5 centimeters per year. One does not know exactly if it exactly mashes, compresses, or pass below the Eurasian plate, or a mix of these. Although globally India slips below Eurasia, the world’s largest continental plate.

Within hours, it was known that a Google executive had been killed on Everest, from one of the many avalanches caused by the quake (there were avalanches all over, especially as it is the best season for avalanches). This ‘important’ news attracted a lot of attention in the USA media. Please fasten your seat belt for my own view.

Google had apparently planned to “street view” Everest (the mountain-executed executive headed (the notorious lack of) privacy at Google X, a part of Google into experimental projects).

My sarcastic tone may hurt. I share the pain. However, so many people die in the mountains, and the mountains are such a symbol, an experience, of the good graces, and awe, of nature, that I feel mountains should be approached with reverence, not advertising and an exploitative, self-glorifying mood, masquerading as clownish behavior.

Why reverence? Because reverence is an important emotion. People used to encourage it in temples, mosques and churches. But that was then. And we cannot have reverence, be it only by principle, for our many (more or less self-declared) leaders out there. OK, I pay my respect to the Pope when he commemorates, deplores, condemns and draw the necessary lesson from the Armenian Genocide.

Whereas I can only despise Obama for breaking his promise to recognize the Armenian Genocide, as president, seven year in a row. Here, despising Obama has become a moral duty. Here is a quote:

“The Armenian Genocide is not , an allegation, a personal opinion, a point of view, but rather a widely documented FACT, supported by an overwhelming body of HISTORICAL EVIDENCE” [Obama much reiterated personal opinion, 2007. when I was campaigning for him.]

However, as AMERICAN president, Obama has turned into a mouse with Turkey. So how come the FRENCH president is like a roaring lion, and accuse Turkey of genocide, every day, on all TV, radio, media? And gets away with it totally.

Turkey is just forgetting to growl at the French, while threatening tiny Austria with various horrors; notice the deafening also Turkish silence since Germany recognized the genocide, too.

The truth is that Turkey respects German seriousness and French craziness, whereas it knows all to well that Obama just smells the money, ready to follow the scent, as a rat the cheese.

This is why despising Obama about Turkey is a duty (Obama may do something behind the scene, but, since we don’t know, let’s despise.

And that brings us back to commercialization, or, as I call it more generally, the EXPLOITATIVE MENTALITY. So Google wants to “Street View” Everest. Why? Because it’s all about “Beaucoup Bucks”, just as making nice with Turkey is about Beaucoup Bucks. when the American presidency is all about “Beaucoup Bucks” for all to see, Google “Don’t YOU be Evil” can only parrot the attitude. Obama was supposed to lift the morality, instead, he raises money.

When money is the only light that enlightens, one ends down into the abyss, profiting from holocausts and genocides, as if there were no tomorrows.

American presidents do not feel that holocausts are the end-all, be-all. After all, serial genocide is how the USA was built, grew, and prospered.

(Europe has a completely different mentality, because history there has amply shown that what goes around comes around, and holocausts are no way to treat resentful neighbors; Nazis forgot this, and thus Nazis got decimated, and Germany got severely amputated, accordingly, in territory and population.)

That the Exploitative mentality is strong among the Anglos, the Yanks, cannot be questioned. Compare with Spanish and Mexicans (who do not have a particular reputation for gentleness; even the man-eating Aztecs were horrified, as intended, by Spanish tortures!)

Under the Spanish and Mexicans, for centuries, there were around 250,00o Native Americans in California. The Natives lived in reasonably good intelligence with the Spaniards, their “Missions”, and even with the Mexicans. Spaniards and Mexicans protected Indians and wilderness with extensive parks. In the Bay Area, the Oakland-Berkeley Hills were a park, complete with California grizzlies (the largest grizzly subspecies, a bear which did not hibernate). And with, by far, the tallest trees in the world (they were used as beacons for navigation in the San Francisco Bay. To the east of the park were Spanish ranches.

The Spaniards amused themselves by organizing fights between innovative grizzlies and ferocious bulls. (So Spaniards had a vested interest in grizzly survival, as the species was a source of entertainment.)

When the Anglos and their Exploitative Mentality got to California, all of this strange Eden was gone in a few years. Indians and grizzlies were exterminated with relish, as they did not generate Beaucoup Bucks.

So now Everest is the very symbol of exploitation gone mad. Mad, because people who have never climbed anything can get to the top of Everest, pushed, pulled, dragged, oxygenated, attached, ferried, by exploited sherpas. Most tellingly, those freaks of human nature perverted get to show part of their facebooked face and their oxygen mask all over the Internet, to satisfy their pathetic Will to Gossip, and Self-Glorification. While celebrating the power of money over basic human decency.

Frankly, most people who are Chomolungma should not be there. Mountains ought not to be climbed that much artificially, especially the highest.

The first French rescue plane, coming from Abu Dhabi with doctors and medical supplies, circled the airport, but could not land, as the Kathmandu Control Tower did not answer. The obvious method, in future disasters is to send first military transports. Military transports can land on short pieces of runways.

This is one world, and it’s good that it is not one mentality. However, good mentalities ought not to hesitate to stab the bad ones to death.

That there was a quake in Nepal is not surprising. They happened before, there will be (much) worse in the future, maybe even next week (megathrust quakes have often enormous foreshocks). What is surprising is that so little preparedness is in evidence (this being said, even in the city of San Francisco, 50,000 houses are considered ready to collapse, by City Hall, and nothing much is done about it).

Seems like, for most people, the best way to avoid a disaster, is not to think about it.

Nepal is a beautiful place. Visit, appreciate, calmly enjoy, help. Just don’t climb all over it, to turn it into a “street view”. Or face the wrath of fate. That ought to be lesson number one.

Patrice Ayme

Europe Immigration Massacre

Mass Death By Hypocritical Bureaucracy

Something went wrong in the general picture of Europe as the den of horrendous colonialists, projecting force worldwide: the previously allegedly exploited masses swim across the Mediterranean like lemmings, in their apparent desire to be exploited some more.

And they drown like lemmings.

Greece and Italy suffer the brunt of the “invasion” (which should be properly viewed as an opportunity). Just last year Italy imprisoned 171,000 refugees from Africa, and more than 50,000 from the Middle East.

Amnesty International condemned the very latest European measures as “Mesurettes” (little measures in French). I agree. Maybe to compensate for the appearances of measurettes, France and Britain speak about going to the United Nations to get the authorization to sink the boats of the enemy (apparently, the enemy would be all fishers, trawlers and commercial boats from Algeria to Turkey?)

It reminds one of Obama’s drone policy (now “under review“, after killing Western hostages, announced a contrite Obama yesterday). Hey what could go wrong with bombing civilians one has observed, doing stuff? If bombing civilians is good for Obama, worthy of the Nobel Peace Prize, why is it not good for France and Britain? Eternal peace beckons.

In truth, the immigration problem to Europe forces a complete revision of what it means to be a “progressive”, dismantling 70 years of “anti-colonialist” hare-brained self-glorification discourse by pseudo-intellectuals of great renown.

Europe wants the advantages of empire to persist, such as material wealth, health, lack of risk taking, social laziness, and philosophical comfort. While Europe does not want to endure the costs of empire.

Europe is an empire which wants fate to provide, but does not want to contribute to fate with an enlightened vision.

The cost of empire means, first to master one’s vital space (Lebensraum in German). An empire masters its environment through military force, used, threatened, or implicit. Military means are viewed as primitive by (most) Europeans. So are demographic means. Overall, Europe has a timid, not to say senile, approach to the world, a mix of greed, fear, and laziness, physical and philosophical.

The case of Libya is typical: France and Britain finally finished the war France had been engaged with the Libyan dictator, on and off, for decades. However, they were mostly alone in Europe. Strong support came only from Obama’s USA. Any follow-up was no of the advantage of China, Russia, and, generally, all the countries in the world, which do not want to see Europe behave as if it were an empire.

It is OK for Russia, China, the USA, Indonesia, and even Australia, to behave like empires, ravaging the planetary environment, imposing their ways and means, but, for Europe to do so, the Europeans agree that it should not be.

Thus Libya, long part of Europe, as part of its ancestral civilizations of Phoenicia, Greece and Rome, was left to its own instruments, after having been decapitated.

This European self-flagellation and mortification is all for the better, as it fits the mood of dolce vita which Europeans are very much attached to.

In particular, it was self-congratulatory, rather than analytical, for European intellectuals to rant against colonialism. So now here we are: tens of millions of people are trying to get into Europe, thousands are dying, trying to do so.

This is not without similarities with the crisis that put an end to the Roman empire. Rome was depopulating, and increasingly senile. Various barbarians were trying to get in, by force. Rome accepted refugees, but, often without integrating them well.

So here we are again.

Rome ought to have projected force, mental and physical. But plutocracy is fundamentally idiotic, so Rome became ever more stupid. All the moral force provided was Christianism (and thank god for that). So, when the barbarians more or less conquered the empire, at least they were philosophically compatible with Rome.

So what to do?

Fix Africa, fix the Middle-East, by projecting the mental and physical force necessary for the continuation of the advantages of the European empire. Yes, it means American sized military budgets. It also means a strong immigration policy, a chosen immigration and integration policy (as Canada and the USA use).

If this path is not chosen, actors unfriendly to Europe, such as Daesh, the USA, China, will extend their empire in Africa and the Middle East, Europe’s doorstep, and the door will soon give way.

The number one problem of Europe is demographic and cultural depopulation. Poorly managed immigration and empire make it worse. In a way the migrants are saying that it is empire (of law and goodness), or death. Let’s listen, and learn.

Patrice Ayme

Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil.

During a time of crisis, investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders.

Some things never change – there will be another crisis, and its impact will be felt by the financial market.

The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets

And Dimon is apparently putting his money where his mouth is.

If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals. And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.

Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone.

According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

They’re baaaaack. Yes, “old faithful” is back at it again!

Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.

Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.

In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention.  Let me show you what I mean.

Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:

April 7th: 1,110,000 ounces

April 8th: 1,280,000 ounces

April 9th:  893,037 ounces

April 10th: 1,200,224 ounces

April 14th: 1,073,000 ounces

April 15th: 1,191,275 ounces

April 16th: 1,183,777.295 ounces

This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:

JP Morgan Silver

All in all, JP Morgan has added over 8.3 million ounces of additional silver in just the past 2 weeks alone.

 Full report at The Wealth Watchman (via Steve Quayle and Realist News)

So why is JP Morgan doing this?

Do they know something that the rest of us do not?

Meanwhile, JP Morgan Chase has made another very curious move as well. It is being reported that the bank is “restricting the use of cash” in some markets, and has even gone so far as to “prohibit the storage of cash in safe deposit boxes”.

What is a surprise is how little notice the rollout of Chase’s new policy has received.  As of March, Chase began restricting the use of cash in selected markets, including  Greater Cleveland.  The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and  auto loans.  Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes .  In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,”  one of the highlighted items reads:  “You agree not to store any cash or coins other than those found to have a collectible value.”  Whether or not this pertains to gold and silver coins with no numismatic value is not explained.

What in the world is that all about?

Why is JP Morgan suddenly so negative about cash?

I think that there is a whole lot more going on behind the scenes than we are being told.

JP Morgan Chase is the largest of the six “too big to fail” banks in the United States. The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy. This is an institution that is immensely powerful and that has very deep ties to the U.S. government.

Could it be possible that JP Morgan Chase is anticipating another great economic crisis?

We are definitely due for one. Just consider the following chart from Zero Hedge. It postulates that our financial system is ready for another “7.5 year itch”.

7.5 Year Itch

JP Morgan certainly seems to be preparing for a worst case scenario.

What about you?

Are you getting ready for what is coming?

11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Earth Puzzle - Public Domain

Well, the Nasdaq finally did it. It has climbed all the way back to where it was at the peak of the dotcom bubble. Back in March 2000, the Nasdaq set an all-time record high of 5,048.62. On Thursday, after all these years, that all-time record was finally eclipsed. The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced. So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later. Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong. Just like the last two times, what we are witnessing is an irrational financial bubble. Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst. And even now there are signs of economic trouble bubbling to the surface all around us. The following are 11 signs that we are entering the next phase of the global economic crisis.

#1 It is being projected that half of all fracking companies in the United States will be “dead or sold” by the end of this year.

#2 The rig count just continues to fall as the U.S. oil industry implodes. Incredibly, the number of rigs in operation in the United States has fallen for 19 weeks in a row.

#3 McDonald’s has announced that it will be closing 700 “poor performing” restaurants in 2015. Why would McDonald’s be doing this if the economy was actually getting better?

#4 As I wrote about the other day, we could be right on the verge of a Greek debt default. In fact, we learned on Thursday that the Greek government has been “running on empty” for months.

Greece warned it will go bankrupt next week after failing to stump up enough cash to pay millions of public sector workers and its international debts.

Deputy finance minister Dimitras Mardas set alarm bells ringing yesterday when he declared the country had been ‘running on empty’ since February.

With a debt repayment deadline looming on May 1, Greece faces the deeply damaging prospect of having to snub its own employees to make a €200m payment to the International Monetary Fund.

#5 Coal accounts for approximately 40 percent of all electrical generation on the entire planet. When the price of coal starts to drop, that is a sign that economic activity is slowing down. Just prior to the last financial crisis in 2008, the price of coal shot up dramatically and then crashed really hard. Well, guess what? The price of coal has been crashing again, and it is already lower than it was at any point during the last recession.

#6 The price of iron ore has been crashing as well. It is down 35 percent in the last nine months, and David Stockman believes that this is because of a major deflationary crisis that is brewing in China.

There is no better measure of the true contraction underway in China than the price of iron ore. The Wall Street stock peddlers will tell you not to be troubled by the 70% plunge from the 2012 highs and the 35% drop just in the last nine months. According to them, its all the fault of the big global miners who went overboard opening up massive new iron ore pits and mining infrastructure.

#7 At this point, China accounts for more total global trade than anyone else in the world. That is why it is so alarming that Chinese imports and exports are both absolutely collapsing.

China’s monthly trade data shows exports fell in March from a year ago by 14.6% in yuan terms, compared to expectations for a rise of more than 8%.

Imports meanwhile fell 12.3% in yuan terms compared to forecasts for a fall of more than 11%.

#8 The number of publicly traded companies in the United States that filed for bankruptcy during the first quarter of 2015 was more than double the number that filed for bankruptcy during the first quarter of 2014.

#9 New home sales in the United States just declined at their fastest pace in almost two years.

#10 U.S. manufacturing data has been shockingly weak lately.

On the heels of weak PMIs from Europe and Asia, Markit’s US Manufacturing PMI plunged to 54.2 in April (from 55.7). Against expectations of a rise to 55.6, this is the biggest miss on record. Of course, this is ‘post-weather’ so talking-heads will need to find another excuse as New Orders declined for the first time since Nov 2014.

#11 When priced according to “the average blue-collar hourly wage“, U.S. stocks are the most expensive that they have ever been in history right now. To say that this financial bubble is overdue to burst is a massive understatement.

For a long time, I have been pointing to 2015 as a major “turning point” for the global financial system, and I still feel that way.

But for the first four months of this year, things have been surprisingly quiet – at least on the surface.

So what is going on?

Well, I believe that what we are experiencing right now is the proverbial “calm before the storm”. There is all sorts of turmoil brewing just beneath the surface, but for the moment things seem like they are running along just fine to most people. Unfortunately, this period of quiet is not going to last much longer.

And those that are “in the know” are already moving their money in anticipation of what is coming. For example, consider the words of Snapchat founder and CEO Evan Spiegel.

Fed has created abnormal market conditions by printing money and keeping interest rates low. Investors are looking for growth anywhere they can find it and tech companies are good targets – at these values, however, all tech stocks are expensive – even looking at 5+ years of revenue growth down the road. This means that most value-driven investors have left the market and the remaining 5-10%+ increase in market value will be driven by momentum investors. At some point there won’t be any momentum investors left buying at higher prices, and the market begins to tumble. May be 10-20% correction or something more significant, especially in tech stocks.

It may not happen next week, or even next month, but big financial trouble is coming.

And when it finally arrives, it is going to shock the world, even though anyone with any sense can see the coming crisis approaching from a mile away.

MATH AS NEUROLOGY, NEUROLOGY AS PHYSICS

After demolishing erroneous ideas some 25 centuries old, some brand new, I explain why Mathematics Can Be Made To Correspond To A Subset Of Neurology. And Why Probably Neurology Is A Consequence Of Not-Yet Imagined Physics.

Distribution of Prime Numbers Reworked Through Fourier Analysis: It Nearly Looks Like Brain Tissue