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The Way Forward by Charles Hugh-Smith April 25, 2013 Absolutely nothing within the Status Quo can possibly be truly reformed until the default option of doing nothing will guarantee collapse. Even those at the top of the neofeudal debtocracy know our economy and political order need real reform. Behind closed doors, they will discuss this with others in the Power Elite and gloomily shake their heads. The usual reasons why real reform is impossible are duly [...] by Michael The world is heading into a horrific economic nightmare, and an inordinate amount of the suffering is going to fall on innocent children. If you want to get an idea of what America is going to look like in the not too distant future, just check out what is happening in Greece. At this point, Greece is experiencing a full-blown economic depression. As I have written about previously, the unemployment rate [...] from RT: Things are about to get a little weird. This according to the National Intelligence Council, at least, a US-based coalition of spy agencies that has just released its predictions for what’s in store for the Earth in 2030. The NIC released on Monday “Global Trends 2030: Alternative Worlds,” an 140-page report that brings together the best brains within the intelligence sector to find out what we might expect a few [...] J.D. Tuccille| Doctor with syringeWhat are the prospects for Obamacare and for American healthcare in general as government “reforms” and increasingly regulates the already tightly controlled industry? To judge by the responses to a survey conducted by the Physicians Foundation and released last week, you might want to front-load your doctor visits, since we’re all likely to find appointment slots in short supply in the not-too-distant future. That’s because [...] Science Magazine reports that the secret to making your data last a million years is to use a drive that’s made out of sapphire.
It might seem like a silly pursuit, but the project was born when nuclear waste repositories needed a way to catalog where they’d buried waste for the future. And they wanted to make sure that the very distant future would be able to access the data. Read more: http://www.businessinsider.com/sapphire-hard-drive-2012-7#ixzz20VpVCN7U ‘Dead’ stars surrounded by dust of planets that bear a striking resemblance to our own world The shattered remains of planets that bear a striking resemblance to our own Earth have been found around white dwarf stars – offering a vision of what will one [...] Published on May 1, 2012 by usawatchdog http://usawatchdog.com/ - Greece, Portugal and Ireland have all been in the spotlight with money troubles. Now, Spain is taking center stage, and its debt is more than double the previous three countries. The most underreported story this week is the European debt crisis. There has been one bailout after another. Nothing is working as many EU countries plunge into recession. Charles Biderman, CEO of Trim Tabs Investment [...] by The Economic Collapse
Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with [...] http://billhicksisdead.blogspot.com/2012/03/nasas-slow-collapse-continues.html Quote from the artiicle: The sidelining of the Mars program is one of several depressing developments at NASA. The space shuttles will never fly again, and the agency’s reliance on Russian rockets to ferry astronauts to the space station is likely to be extended, because financing of commercial companies to take over that task has been limited. The James Webb Space Telescope, meant as the successor to the Hubble Space Telescope, [...] Let’s suppose Bibi wants to bomb Iran. We know there’s a sizeable fraction of the elites in the US who agree that bombing Iran is a good idea. My question is whether or not the US has the cred to back up Israel after the Israelis attack a Muslim country without provocation. They claim that an Iranian a-bomb is an existential threat, but what does that mean, really? An Iranian [...] Doug Casey Interviewed by Louis James US-Iranian saber-rattling or impending shoot-out? In his usual, candid manner, contrarian investor Doug Casey talks about why he believes it’s serious this time… why the US is the greatest threat to peace today… why Iran might move towards a gold standard… and what smart investors should do. L: Doug-sama, I’ve heard you say you think the US is setting Iran up to be the [...] From Doug Casey, Chairman, Casey Research interviewed by Louis James: L: Doug-sama, I’ve heard you say you think the U.S. is setting Iran up to be the next fall guy in the wag-the-dog show – do you think it could really come to open warfare? Doug: Yes, I do. It could just be saber rattling during an election year, but Western powers have been provoking Iran for years now – two decades, [...] From spiegel.de:
When Carlo Ponzi, a dishwasher from Parma, Italy, immigrated to the United States in 1903, he had $2.50 in his [...] By Alexander Jung REUTERS A work by the graffiti artist Banksy in London. When Carlo Ponzi, a dishwasher from Parma, Italy, immigrated to [...] Yesterday’s news that China (#2 global GDP) and Japan (#3 global GDP) will now trade in their native currencies is a huge erosion in the reserve currency status of the US dollar. The BRICS (41% of global GDP) and OPEC have been publicly unhappy with dollar policy for nearly 2 years. and may not be far behind. A large portion of the dollars currently in circulation are held internationally to support the [...] My step daughter is a supervisor at a fabric store and has noticed the same attitude in so many young people that they interview (and sometimes hire). It is a sort of “this job is beneath me” mentality. Unjustified pride. I think it’s because many schools have been teaching self-esteem without accomplishments. And television and movies have been teaching unrealistic expecations to us and the rest of the world. My ex [...] Daily Ticker With troubles in Europe’s banking system threatening to contaminate the global financial system, it’s beginning to look a lot like 2008 to many observers. History doesn’t repeat, but it often rhymes which is why Robert Wiedemer of Absolute Investment Management believes investors need to prepare for another 2008-style maelstrom — or something even worse. “I do think we’ll have another meltdown within 2 to 4 years,” [...] Every re-election race — from city council to president — ultimately comes down to a simple question: Are you better off than you were (fill-in-the-blank) years ago?
To win, the incumbent has to convince a majority of voters that the answer to that question is “yes” (or that it will be “yes” in the not-too-distant future).
…according to new polling conducted by the Washington Post/ABC News, nearly [...] ‘Summer Crash’: Is It Over, Or Just Getting Started? Stocks rallied early Monday, taking their cues from Europe which rebounded from last week’s shellacking after Germany’s Angela Merkel opened the door — just a crack — to adopting eurobonds to solve the EU debt crisis. “Solving the current crisis would not be possible with eurobonds, and so eurobonds are not the answer,” Merkel said Sunday, The AP reports. But the [...] From Brandon Smith of Alt Market In A Currency Tug Of War The US Dollar Loses I imagine sometimes in my most optimistic moments that one day I will live in the midst of a true free market economy, where the tides of trade and investment, the ebb and flow of commerce, are a rather beautiful thing. A marketplace without centralized manipulation, were legitimate supply and demand are [...] by ZH Fed’s Plosser says would want to make explicit the Fed’s commitment to a numerical inflation objective Says important to communicate a systemic plan that describes where Fed is going, how it will get there via MarketWatch: The Federal Reserve should hike interest rates from current range near zero to 2.5% within a year under a plan unveiled Friday by Charles Plosser, the president of the Philadelphia Federal Reserve Bank. Plosser did not give a specific time when this exit would begin but said it would have to start in the “not-too-distant future.” In a speech to economists from the monetarist school on Friday, Plosser [...] As oil prices race toward $100 a barrel, the expectations that gasoline prices will make a leap are running high. Some traders say $4 a gallon will be a reality in the not-too-distant future, and prices could shoot even higher. But that might be the exception rather than the average in the United States this year unless the Middle East unrest spreads to Saudi Arabia or another [...] By Greg Hunter’s USAWatchdog.com In November 2010, the Federal Reserve announced a second round of economic stimulus commonly referred to as Quantitative Easing (QE2). The reason, according to the Fed, was “progress toward its objectives has been disappointingly slow.†  So, to try and turn the economy around, the Fed said, “. . . the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end [...] by Free Radical R.I.P, Homo Economicus: On the End of Ubiquitous Poverty and the Beginning of Universal Abundance “I draw the conclusion that, assuming no important wars and no important increase in population, the economic problem may be solved, or be at least within sight of solution, within a hundred years. This means that the economic problem is not – if we look into the future – the [...] by ZH Stephen Roach, chairman of Morgan Stanley Asia, has penned one of the most unapologetic letters bashing the central banking climate we have ever read from an institutional insider (he is still technically part of MS). And Roach should know: From 1972 until 1979, Roach served on the research staff of the Federal Reserve Board in Washington, D.C., where he supervised the preparation of the [...] The spreading cancer that will bring our nation to its knees is the parasitic government employee unions infesting every state and locality and the spineless “girlymen” politicians that suck up to whatever whim the unions demand. ABOLISH the unions and you ABOLISH the arrogant exaggerated senses of entitlement and value to others they represent and try to cram down your throats! The teachers unions (glorified day care center workers) are [...] Not too long ago, stories stated that small investors were still pulling money out of funds, and stashing cash in bond and other fixed income funds. So, this means the rally is being generated by the “market makers” chasing narrow areas of “promise”. This premise is backed by the reality the gains, as of lately, have been followed by quick, brutal sell-offs. The problem with most [...] |
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Debunking The Myth That Chinese Can’t Innovate
In my last post, Doing the Undoable, I discussed the rapid development of genetics, particularly genetic engineering. Having the video presentation of Juan Enriquez available helped get the point across. Today, I’m going to look at a related area that also raises the possibility of “sudden and unexpected” change in the not-so-distant future (anytime from tomorrow on).
Once again, I’m assisted by the work of another commentator who, like Mr. Enriquez, provides [...]