Saturday, September 23, 2017

"The Essential Thing..."

"The most important thing in life is not the triumph but the struggle. 
The essential thing is not to have conquered but to have fought well."
- Pierre de Courbertin

The Daily "Near You?"

Longview, Texas, USA. Thanks for stopping by!

"O Brave New World..."

"How many goodly creatures are there here! 
How beauteous mankind is!
 O brave new world, That has such people in't."
- William Shakespeare, "The Tempest"

And then reality sets in...

“The ‘Social Contract’ Is a Fraud”

 
“The ‘Social Contract’ Is a Fraud”
by Bill Bonner

“There are many theories to explain government. Most are nothing but scams, justifications and puffery. One tries to put something over on the common man, the other claims it was for his own good, and the third pretends that he'd be lost without it. Most are not really "theories" at all but prescriptions, blueprints for creating the kind of government the "theorist" would like to have. Not surprisingly, the blueprints flatter his intellect and engage his imagination.

The "social contract," for example, is a fraud. You can't have a contract unless you have two willing and able parties. They must come together in a meeting of the minds - a real agreement about what they are going to do together. But what is the "social contract" with government? There was never a meeting of the minds. The deal was forced on the public. And now, imagine that you want out. Can you simply "break the contract"? You refuse to pay your taxes and refuse to be bossed around by TSA agents and other government employees. How long would it be before you got put in jail?

What kind of contract is it that you don't agree to and can't get out of? They can dress it up, print out a piece of paper, have a solemn ceremony in which everyone pretends it is a real contract. But it's not worth the paper it's not written on. Also, what kind of a contract allows for one party to unilaterally change the terms of the deal? Congress passes new laws almost every day. The bureaucracy issues new edicts. The tax system is changed. The pound of flesh they got already wasn't enough; now they want a pound and a half!

Here are the critical questions: Why do we let other people tell us what to do; are we not all equal? What is the purpose of government? What does it cost, and what benefits does it confer?

A theory should explain something without reference to something else. That is, a metaphor doesn't work. It's just a description. If you say that government is a kind of "social contract," you are merely describing how it seems to you or what you think it might be comparable to.

Let's try a simpler insight: Government is a natural phenomenon, an expression of power relationships, in which some people seek to dominate others by force. These dominators gather "insiders" together so that they can take money, power and status away from other people, the "outsiders." Many people think that government provides some service. That is true, but it is incidental. Governments often deliver the mail. But they don't have to. They would still be governments even if they didn't control the Post Office.

And what if they didn't have a department of inland fisheries, or a program to teach retarded Democrats to count to 20? They would still be in the government business, and still have their helicopters, chauffeurs and expense accounts. But if they lost control of the police or the army, it would be an entirely different matter. Force is the essence of government, not a decorative detail. Without armies and police, they would no longer be governments, but voluntary associations like the Kiwanis Club or the Teamsters Union.

In 2016, the US faced a major presidential election. Several people came forward offering to take charge of the US government. What exactly were they going to take charge of? Government is a fact. It exists. It is as common as stomach gas. It is as ubiquitous as lice and as inescapable as vanity. But what is it? Why is it? And what has it become?

We know very little about the actual origins of government. All we know, and this from the archeological records, is that one group often conquered another. There are skeletons more than 100,000 years old, showing the kind of head wounds that you get from fighting. We presume this meant that "government" changed. Whoever had been in charge was chased out or murdered. Then, someone else was in charge. Tribal groups, or even family groups for that matter, probably had "chiefs." They could have been little more than bullies or perhaps respected elders.

Over the millennia, there were probably as many different examples of primitive "government" as there were tribes. Some elected their leaders. Some may have chosen them randomly, for all we know. Many probably simply conferred leadership by consensus. Some probably had no identifiable leaders at all. But it seems to be a characteristic of the human race that some people want to be in charge, and many people want someone to be in charge of them.

In adversity, there was probably an advantage to having a leader. Hunts were often collective enterprises. There were also group decisions to be made, about how food was stored up or rationed out, for example, that would affect the survival of the whole group. Under attack from another group, a strong, able leader could make the difference between life and death.

We can guess that people enter into leader/follower roles today because they are programmed for it by evolution. Those who can't or won't, well, perhaps they died out many millennia ago.

We don't have to look back to the last glacial period to see what happens in small political units. We can see them today. They are all around us. Every church has its governing board. Every community has some form of government. Every corporation, group, club, every place where humans get together seems to develop rules and power relationships. Leaders arise. Informal groups typically yield to the strong personality. Juries try to control it. Families resist it. Dinner parties try to avoid it. But that's just the way it is. Some people seek to dominate. Others like being dominated.

Trouble is, there is usually more than one person or one group that wants to do the dominating. This leads to conflict. Treachery. Murder. Rivalry. And elections. But let's not get ahead of ourselves. We're talking about the origins of government and trying to guess what they were like. On a small scale, we conclude, governments are both extremely variable in form and extremely limited in scope. That is, how much governing can you get away with in a small group? Not much. You can boss people around, but they won't take too much bossing. And there is always a rival bosser who is ready to topple the big boss if he should lose his popular support.

In a tribal setting, we imagine that the strongest, fiercest warrior might have been able to set himself up as the governing authority. But he could be stabbed in the back as he slept, or even shot with an arrow in a "hunting accident." Even in the best of circumstances, his reign wouldn't last much longer than his own strength. In a small town, government proceeds tolerably well. There is not much distance between governors and the governed. The latter know where the former live, and how they live, and how little difference there is between them. If the governors overreach, they are likely to find themselves beaten in the next election, or in the middle of the street.

But as the scale increases, as the distance between the governed and the governors increases, and as the institutional setting grows and ages, government becomes a bigger deal. More formal. More powerful. It can begin governing more grandly.

The first large scale, long-term government we know about was in Egypt. After the unification of the Upper and Lower Kingdoms in about 3,150 BC, the dynastic period began. It continued for two millennia, not ending until the Romans conquered Egypt in 30 BC. We don't know exactly how government worked during those many centuries, but we know that a theory of government arose out of them. At the time, it was not considered a theory at all, but a fact. The ruler was divine. A god.

As a theory, it is a good one. It answers the question: Why should you take orders from another human being? In Ancient Egypt, the question didn't arise. Because Pharaoh was not another human being. He was something else. Precisely what he was, or what people thought he was, is not clear. But the archeological record shows that he was treated as though he was at least a step or two higher up on the ladder than the rest of us. If not a full god, he was at least a demi-god, on the mezzanine between Earth and heaven.”

"The Sandcastle"

"The Sandcastle"
By Jeff Thomas

"The decline from democracy to tyranny is both a natural and inevitable one. That’s not a pleasant thought to have to consider, but it’s a fact, nonetheless. In every case, a democracy will deteriorate as the result of the electorate accepting the loss of freedom in trade for largesse from their government. This process may be fascism, socialism, communism or a basket of “isms,” but tyranny is the inevitable endgame of democracy. Like the destruction of a sandcastle by the incoming tide, it requires time to transpire, but in time, the democracy, like the sandcastle, will be washed away in its entirety.

Why should this be so? Well, as I commented some years ago, “The concept of government is that the people grant to a small group of individuals the ability to establish and maintain controls over them. The inherent flaw in such a concept is that any government will invariably and continually expand upon its controls, resulting in the ever-diminishing freedom of those who granted them the power.” 

Unfortunately, there will always be those who wish to rule and there will always be a majority of voters who are complacent enough and naïve enough to allow their freedoms to be slowly removed. This adverb “slowly” is the key by which the removal of freedoms is achieved. The old adage of “boiling a frog” is that the frog will jump out of the pot if it’s filled with hot water, but if the water is lukewarm and the temperature is slowly raised, he’ll grow accustomed to the temperature change and will inadvertently allow himself to be boiled.

Let’s have a look at Thomas Jefferson’s assessment of this technique. “Even under the best forms of Government, those entrusted with power have, in time, and by slow operations, perverted it into tyranny.” Mister Jefferson was a true visionary. He knew, even as he was penning the Declaration of Independence and portions of the Constitution, that his proclamations, even if they were accepted by his fellow founding fathers, would not last. He recommended repeated revolutions to counter the inevitable tendency by political leaders to continually vie for the removal of the freedoms from their constituents.

Around the same time that Mister Jefferson made the above comment, Alexander Tytler, a Scottish economist and historian commented on the new American experiment in democracy. He’s credited as saying, “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.” 

So, was each of the above gentlemen throwing a dart at a board, or did they each have some kind of crystal ball? Well, actually, neither. Each was a keen student of history. Each knew that the pattern, by the end of the 18th century, had already repeated itself time and time again. In fact, as early as the fourth century BC, Plato had quoted Socrates as having stated to Adeimantus, “Tyranny naturally rises out of democracy and the most aggravated form of tyranny and slavery comes out of the most extreme form of liberty.” 

Today, much of what was called the “free world” only half a century ago has deteriorated into a combination of residual capitalism, which has been largely and  increasingly buried by socialism and fascism. (It should be mentioned that the oft-misinterpreted definition of “fascism” is the joint rule by corporate and state – a condition that’s now manifestly in place in much of the former “free” world.)

Today, many people perceive fascism as a tyrannical condition that’s suddenly imposed by a dictator, but this is rarely the case. Fascism is in fact a logical step. Just as voters succumb over time to the promises of socialism, so a parallel decline occurs as fascism slowly replaces capitalism. Fascism may appear to be capitalism, but it’s the antithesis of a free-market. As Vladimir Lenin rightly stated, “Fascism is capitalism in decline.”

Comrade Lenin understood the value of fascism for political leaders. Whilst he retained a close relationship with New York and London bankers and a healthy capitalist market was tapped into for Soviet-era imports, he was aware that his power base depended largely on denying capitalism to his minions.

So, from the above quotations, we may see that there’s been a fairly erudite group of folks out there who have commented on this topic over the last 2500 years. They agree that democracies, like sandcastles, never last. They generally begin promisingly, but, given enough time, any government will erode democracy as quickly as the political leaders can get away with it and the progression always ends in tyranny.

We’re presently at a major historical juncture – a time in which much of the former free world is in the final stages of decay and approaching the tyranny stage. At this point, the process tends to speed up. We can observe this as we see an increase in the laws being passed to control the population – increased taxation, increased regulation and increased promises of largesse from the government that they don’t have the funding to deliver.

When any government reaches this stage, it knows only too well that it will not deliver and that, when the lie is exposed, the populace will be hopping mad. Therefore, just before the endgame, any government can be expected to ramp up its police state. The demonstrations by governments that they’re doing so are now seen regularly – raids by SWAT teams in situations where just a small number of authorities could handle the situation just as well. Displays of armed forces in the street, including armoured vehicles, in instances of disruption.

In London, Ferguson, Paris, Boston, etc., the authoritarian displays have become ever-more frequent. All that’s now necessary is a series of events (whether staged or real) to suggest domestic terrorism in several locations at roughly the same time. A state of national emergency may then be declared “for the safety of the people.” It’s this justification that will assure the success of tyranny. Historically, the majority of people in any county, in any era, choose the illusion of safety over freedom. As John Adams was fond of saying,“Those who would trade freedom for safety will have neither.”

From this point on, it would be wise for anyone who lives in the EU, US, UK, etc. to watch events closely. If a rash of “domestic terrorism” appears suddenly, it could well be the harbinger that the government has reached the tipping point – when tyranny under the guise of “protecting the safety of the people” is inaugurated.

The most essential take-away here is that, although some may object (even violently), the majority of the people will trade their freedom for the promise of safety.”

"How It Really Is"

"Uncle Sam vs. Russia in Eastern Syria: the Nightmare Scenario"

"Uncle Sam vs. Russia in Eastern Syria:
 the Nightmare Scenario" 
By Mike Whitney

"The impending collapse of ISIS has touched off a race for territory in the oil-rich eastern part of Syria pitting US-backed forces against the Russian-led coalition of Syria, Iran and Hezbollah. This is the nightmare scenario that everyone wanted to avoid. Washington and Moscow’s armies are now converging on the same area at the same time greatly increasing the probability of a conflagration between the two nuclear-armed superpowers. The only way a clash can be avoided is if one party backs down, which seems increasingly unlikely.

The situation can be easily explained. The vast swath of territory captured by ISIS is steadily shrinking due to the dogged perseverance of the Syrian Arab Army (SAA) which has liberated most of the countryside west of the Euphrates River including the former ISIS stronghold at Deir Ezzor, a critical garrison at the center of the fighting. ISIS is also getting pressure from the north where the US-backed SDF is pounding their capital at Raqqa while deploying troops and tanks southward to the oil fields in Deir Ezzor province.

Washington has made it clear that it wants its proxy-army to control the area east of the Euphrates establishing a soft partition between east and west. The US also wants to control Deir Ezzor’s vast oil resources in order to provide a reliable revenue stream for the emergent Kurdish statelet.

Syrian President Bashar al Assad has said many times that he will never agree to the partitioning of the country. But the decision will not be made by Assad alone. His coalition partners in Moscow, Beirut and Tehran will also help shape the final settlement. As far as Putin is concerned, it seems extremely unlikely that he’d risk a protracted and bloody war with the United States simply to recapture every square inch of Syrian territory. The Russian president will probably allow the US to keep its bases in the northeast provided that critical areas are conceded to the regime. But where will the line be drawn, that’s the question?

The US wants to control the area east of the Euphrates including the lucrative oil fields. This is why they deployed troops from the SDF southward even though they’re still needed in Raqqa. Earlier in the week, it looked like the Syrian Army had a leg up on the SDF as troops and armored vehicles crossed the Euphrates headed east to the oil fields. But reports that appeared late Thursday indicate that the SDF has beaten them to the punch. This is from South Front: “On Thursday, the US-backed Syrian Democratic Forces (SDF) captured Tabiyeh and al-Isba oil fields in the northwestern Deir Ezzor countryside, according to pro-Kurdish sources. If these reports are confirmed, the SDF will be in control over a half of Syria’s oil reserve. Moreover, that will mean that the SDF at least partly blocked the SAA way on the eastern bank of the Euphrates river.” (“Syrian Democratic Forces Capture Key Oil Fields In Deir Ezzor”, South Front)

This is a major setback for the Russian coalition. It means that the SAA backed by the Russian Airforce will have to fight a group which, up to this point, has been an ally in the war against ISIS. Now it’s clear that the mainly-Kurdish SDF is no ally, it’s an enemy that wants to steal Syria’s resources and carve a state out of its eastern flank.

The news about the SDF’s arrival at the oil fields came just hours after the Russian Defense Ministry spokesman Major General Igor Konashenkov issued a terse warning to the US and SDF that Russia would retaliate if  SAA positions were attacked again by SDF mortar or rocket fire. Quote: “Russia unequivocally told the commanders of US forces in Al Udeid Airbase (Qatar) that it will not tolerate any shelling from the areas where the SDF are stationed. Fire from positions in regions [controlled by the SDF] will be suppressed by all means necessary.”

In retrospect, it looks like the SDF had already decided to make a clean break with the government leaving no doubt of where they stood. Washington is using the SDF to seize the oil fields and to claim to the entire east side of the Euphrates for its own. There’s no doubt that these combat units of the SDF are accompanied by US Special Forces who are providing critical communications, logistic and tactical support. This operation has Washington’s fingerprints all over it.

On Friday morning, loyalist forces led by the 5th Assault Corps ISIS Hunters, established full control over Khusham village on the eastern bank of the Euphrates River near Deir Ezzor city. The strategically-located village blocks a key road linking the area held by the SDF to the Omar oil fields.

Get the picture? US-backed forces and Russian coalition members are now operating cheek-to-jowl in the same theatre trying to seize the same oil-rich scrap of land. This has all the makings of a major head-on collision.

Putin is a cautious and reasonable man, but he’s not going to hand over Syria’s oil fields without a fight. Besides, Assad needs the oil receipts to finance the rebuilding of his decimated country. Equally important, he needs the territory east of Deir Ezzor to for an overland route connecting Beirut to Damascus to Baghdad to Tehran, the so-called Arab Superhighway. Putin’s job is to glue as much of the country together as needed to create a viable state. So while he may allow the SDF and US military to occupy parts of the northeast, he’s not going to surrender crucial resources or strategically-located territory.

So what does it all mean? Does it mean that Russia will support Assad’s attempts to liberate the oil fields even if it could trigger a broader war with the United States? Yes, that’s exactly what it means. Putin doesn’t want a slugfest with Uncle Sam, but he’s not going to abandon an ally either. So there’s going to be a confrontation because neither party is willing to give up what they feel they need to achieve success.

So there you have it. As the standoff begins to take shape in east Syria, the two rival superpowers are preparing themselves for the worst. Clearly, we have reached the most dangerous moment in the six year-long war.”

"Fukushima Update: 15,325.2 Hiroshima Bombs Today, More Tomorrow"

"Now I am become Death, the destroyer of worlds.”
- Shiva

Updated September 23, 2017: Fukushima Equals 15,325.2 Hiroshima Bombs Today, More Tomorrow; There is No Place On Earth to Escape the Rad: The 3 melted-through cores of the destroyed reactors, now melted together into a single "corium" totaling over 600 tons, at Fukushima daily release the radioactive equivalent of 6.45 Hiroshima bombs directly into the atmosphere and the Pacific Ocean. As of September 23, 2017 - 2,376 days since the disaster began - this equals the detonation of 15,325.2 Hiroshima atomic bombs and it is still going strong, with no end in sight, considering that the half-life of uranium-238 is about 4.47 billion years and that of uranium-235 is 704 million years. There is no technology on this planet to deal with this situation. There are only 336 cities on Earth with more than one million people. That is the equivalent of 45.61 Hiroshima atomic bombs apiece. Now add a minimum of 600 tons per day of highly radioactive ground and "coolant" water flowing directly into the Pacific Ocean, as it has for the last 2,376 days. Do your own research, consider and see with your own eyes the many mass die-off videos on YouTube. Verify all the information, and, as always, draw your own informed conclusions as to the consequences. - CP

"Your Radiation This Week, September 23, 2017"
by Bob Nichols

"YRTW ELE is published every two weeks on Saturday. 
The next publication date is October 7, 2017 on the Road to Extinction."

"First thing, grasp the difficult concept that this is an ELE or Extinction Level Event. The deadly meltdown and dispersion of radioactive fuel throughout the world is on-going to this day. There is no escaping our fate, there are no solutions. No one is exempt. The radioactive particles are all over the world now. The Rad lethality will continue to increase because that is what Rad lethality does. The simple reason is some of the uranium decays to plutonium. When that happens the Rad count increases. Once set free, the change cannot be altered or stopped by anyone or anything. The Rad is the ultimate power and its mission is to kill You.

Lethality: There are 1,946 radioactive isotopes according to the Oak Ridge Nuclear Weapons Lab. In the Earth’s atmosphere all are produced by nuclear weapons and nuclear power plants. There are no other sources. Lethality is the power to kill and injure. It exists and is measured by humans in deaths and in calculations. The perfectly odd thing about radiation is the Lethality goes up while the radioactivity goes down. That has killed many a person who only counted the radioactivity. This is perfectly logical when you recognize radioactive Isotopes change from one Isotope to another for billions of years. The Isotope Uranium changes to Plutonium and many others. Plutonium is the ultimate killing machine, so bad that the Medical Director of the Livermore Nuclear Weapons Lab, Dr. John Gofman, said “Plutonium 239 is the most dangerous substance in the universe.”

All of life on Earth is radioactive by now and it only took about 70 years. This is a planetary Death Sentence for all. Everyone is included. There is no way out. There is nothing we can do to stop it. The Rad will take us all out. Yeah, that includes all of us; plus the life driving around in our air, lakes, rivers and oceans. The Rad also nails the long lived remnants of the dinosaurs; y’know, the birds. They don’t have a prayer. All of us are included; none are left out. That is reality, anything else is just wishful thinking or a purposeful lie. The amount of Rad in the air now dooms Humanity to a relatively quick extinction. Done in by our own war toys, how moronic is that?! I can’t say it any plainer than that." 
When posted, Bob Nichols' current “Your Radiation This Week”
 report can be viewed here:

Total Gamma Radiation 2017.3 Year to Date USA - 
WITH USA ANNUAL RAD TOTALS SINCE 2016
Normal Radiation is 5 to 20 CPM. 50 CPM is an alert level.
"2017 Year-To-Date Gamma Radiation Numbers For 98 Cities"
by Bob Nichols
"I added a new measurement that will help residents understand the Rad. The Rad is with us all 24/7 constantly. It never goes away. It is better to know what the Rad level is than to not know. Be prepared for a shock, these Year to Date totals are really big radiation numbers. Colorado Springs, Colorado is number one in the US right now having endured 46,136,977 Gamma CPM, or Counts per Minute, since January 1, 2017." Table of Poisoned American Cities, Total Gamma Radiation Year to Date, CPM and nanoSieverts by City and State can be viewed here:
"Aboard the aircraft carrier USS Ronald Reagan, 100 miles offshore of Fukushima: "During that March 13 phone call, Cleveland wrote, Troy Mueller - the deputy administrator for naval reactors at the US Department of Energy - said the radiation was the equivalent of “about 30 times what you would detect just on a normal air sample out at sea.” “So it's much greater than what we had thought,” Mueller reportedly warned other American officials after taking samples on the Reagan. “We didn't think we would detect anything at 100 miles.” After Mueller made that remark, according to Cleveland’s transcript, Deputy Secretary of Energy Daniel Poneman asked him if those levels were “significantly higher than anything you would have expected.” He responded yes. When Poneman later asked Mueller, “How do the levels detected compare with what is permissible?” Mueller said those on the scene could suffer irreversible harm from the radiation within hours. “If it were a member of the general public, it would take- well, it would take about 10 hours to reach a limit,” he said. At that point, Mueller added, “It’s a thyroid dose issue.” If people are exposed to levels beyond the Protective Action Guideline threshold released by the Energy Department, Cleveland acknowledged in his report, radiation could have ravaged their thyroid glands."

"German Analysis of Certain Isotopes after Meltdown: Hold on to your hat. In 1992 Germany calculated that in reactor meltdowns like Fukushima Daiichi the radioactive isotope Strontium 90 would aggressively poison the environment for 109.2 years and then decline slowly over the next 273 years. Of course, we will ALL be long dead by then. Other deadly Rad isotopes put Strontium 90’s generous life span to shame. The German study is here for those brave enough to tackle it. Source: The IAEA: Dispersion of radionuclides and radiation exposure after leaching by groundwater of a solidified core-concrete melt by Bayer, A.; Tromm, W.; Al-Omari, I. (Kernforschungszentrum Karlsruhe (Germany)) from 8. International congress of the International Radiation Protection Association (IRPA8)"
"What We Know Now about Fukushima" 
by Bob Nichols

"Here is what was known 75 days after reactors at the Fukushima Daiichi Nuclear Reactor Plant started a disastrous and lethal nuclear meltdown on March 11, 2011:

• March 11, 14:46, a One Million Kiloton Earthquake measuring 9.0 on the Richter Scale hammered Japan off-shore near the six Japanese reactors. The reactors attempted to shut down automatically when electronic sensors detected the earthquake. The huge earthquake dropped the reactors three feet, moved Japan 8 inches to the West and altered the tilt of the Axis of planet Earth.

• March 11, about 15:30, the giant Earthquake caused a tsunami up to 30 meters (98.4 Ft) high washed away all the fuel tanks for the reactors Emergency Generators and all the reactors’ outside electrical feeds. This was the Death Blow to the reactors. The six Fukushima Daiichi reactors were dead in the water and their fate sealed. Without an external source of electricity for the water pumps and hot reactors, they are just so much radioactive scrap iron – good for nothing. The internal temperature of the reactors started climbing immediately.

• March 11, about 18:00, only two and a half hours later, multiple reactor cores started melting down as the reactors internal temperatures skyrocketed to the melting point of uranium and beyond – a measured 1,718 Deg C (3,124.4 Deg F) past the melting point.

Uranium melts at 1,132.2 Deg C (2,069.9 Deg F.) The internal reactor temperatures reached at least 2,850 Deg C, (5,162 Deg F.) The millions of 1 mm Uranium fuel pellets in the reactors and in the core pools had no defense at all without the powerful water pumps and millions of gallons of cooling water against those temperatures.

The Uranium pellets simply melted forming a white hot lava-like radioactive uranium isotope blob that then burned through the high temperature steel around the graphite seals of the General Electric Mark 1 Reactor Control Rods at the bottom of the American submarine-based reactor design of US Navy Admiral Hyman Rickover, now deceased. (General Electric copied the US Government financed Navy nuclear reactor design for many commercial nuclear reactors.) The radioactive blobs trickled together to form a huge, highly radioactive, burning lava blob like that of Chernobyl, called a "corium".

The corium is releasing as much as a TEPCO (Tokyo Electric Power Company) measured 10 Quadrillion (10,000 Trillion Bq) radioactive counts per second of deadly radioactive smoke particles into the Earth’s atmosphere. The invisible, killing radioactive smoke is already all over the Northern Hemisphere and everyone in it – each and every one – is radiologically contaminated. Note that the lethality of radioactive reactor cores goes up the first 250,000 years they are out of the reactor – not down.

This much is known. All radioactive exposures are cumulative for each human, animal and plant. What’s more, mutated genetic codes are passed on to offspring forever. This means all Japanese and all Northern Hemisphere inhabitants are suffering internal radioactive contamination from Fukushima Daiichi reactors already."

Fukushima Equals 3,000 Billion Lethal Doses: Dr Paolo Scampa, a widely know EU Physicist, single handedly popularized the easily understood Lethal Doses concept. “Lethal Doses” is a world wide, well understood idea that strips Physics bare and offers a brilliant, understandable explanation for all the physics gobbledygook Intelligence agencies and their respective governments use to disguise the brutal truths of the Fukushima Daiichi Disaster. Three thousand billion (3,000,000,000,000) (3 Trillion) Lethal Doses of Radiation means there are 429 Lethal Doses chasing each and every one of us on the planet, to put it in a nutshell."

A Search of this blog will reveal many posts about Fukushima, covered since day one.

Friday, September 22, 2017

Musical Interlude: 2002, "Starwalkers"

2002, "Starwalkers"

Musical Interlude: Flash And The Pan, “Hey, St Peter”


 Flash And The Pan, “Hey, St Peter”
- http://www.youtube.com/watch?v=17L-QaTq3LA

"A Look to the Heavens"

“This colorful skyscape features the dusty, reddish glow of Sharpless catalog emission region Sh2-155, the Cave Nebula. About 2,400 light-years away, the scene lies along the plane of our Milky Way Galaxy toward the royal northern constellation of Cepheus.  
 Click image for larger size.
Astronomical explorations of the region reveal that it has formed at the boundary of the massive Cepheus B molecular cloud and the hot, young, blue stars of the Cepheus OB 3 association. The bright rim of ionized hydrogen gas is energized by the radiation from the hot stars, dominated by the bright blue O-type star above picture center. Radiation driven ionization fronts are likely triggering collapsing cores and new star formation within. Appropriately sized for a stellar nursery, the cosmic cave is over 10 light-years across.”

Chet Raymo, “Reaching For The Stars”

“Reaching For The Stars”
by Chet Raymo

“Here is a spectacular detail of the Eagle Nebula, a gassy star-forming region of the Milky Way Galaxy, about 7,000 light-years away (click to enlarge). This particular spire of gas and dust was recently featured on APOD (Astronomy Picture of the Day). The Eagle lies in the equatorial constellation Serpens. If you went out tonight and looked at this part of the sky - more or less midway between Arcturus and Antares - you might see nothing at all. The brightest star in Serpens is of the third magnitude, perhaps invisible in an urban environment. No part of the Eagle Nebula is available to unaided human vision. How big is the nebula in the sky? Hold a pinhead at arm's length and it would just about cover the spire. I like to think about things not mentioned in the APOD descriptions.

If the Sun were at the bottom of the spire, Alpha centauri, our nearest stellar neighbor, would be about halfway up the column. Sirius, the brightest star in Earth's sky, would be near the top. Let's say you sent out a spacecraft from the bottom of the spire that travelled at the speed of the two Voyager craft that are now traversing the outer reaches of the Solar System. It would take more than 200,000 years to reach the top of the spire.

The Hubble Space Telescope cost a lot of money to build, deploy, and operate. It has done a lot of good science. But perhaps the biggest return on the investment is to turn on ordinary folks like you and me to the scale and complexity of the universe. The human brain evolved, biologically and culturally, in a universe conceived on the human scale. We resided at its center. The stars were just up there on the dome of night. The Sun and Moon attended our desires. "All the world's a stage," wrote Shakespeare, and he meant it literally; the cosmos was designed by a benevolent creator as a stage for the human drama. All of that has gone by the board. Now we can travel in our imagination for 200,000 years along a spire of glowing, star-birthing gas that is only the tiniest fragment of a nebula that is only the tiniest fragment of a galaxy that is but one of hundreds of billions of galaxies we can potentially see with our telescopes.

Most of us still live psychologically in the universe of Dante and Shakespeare. The biggest intellectual challenge of our times is how to bring our brains up to speed. How to shake our imaginations out of the slumber of centuries. How to learn to live purposefully in a universe that is apparently indifferent to the human drama. How to stretch the human story to match the light-years.”

"The Most Important..."

“The Man Who Saved the World by Doing Absolutely Nothing”

“The Man Who Saved the World by Doing Absolutely Nothing”
by Megan Garber

“It was September 26, 1983. Stanislav Petrov, a lieutenant colonel in the Soviet Air Defence Forces, was on duty at Serpukhov-15, a secret bunker outside Moscow. His job: to monitor Oko, the Soviet Union's early-warning system for nuclear attack. And then to pass along any alerts to his superiors. It was just after midnight when the alarm bells began sounding. One of the system's satellites had detected that the United States had launched five ballistic missiles. And they were heading toward the USSR. Electronic maps flashed; bells screamed; reports streamed in. A back-lit red screen flashed the word 'LAUNCH.'"

That the U.S. would be lobbing missiles toward its Soviet counterpart would not, of course, have been out of the question at that particular point in human history. Three weeks earlier, Russians had shot down a South Korean airliner that had wandered into Soviet air space. NATO had responded with a show of military exercises. The Cold War, even in the early '80s, continued apace; the threat of nuclear engagement still hovered over the stretch of land and sea that fell between Washington and Moscow.

Petrov, however, had a hunch- "a funny feeling in my gut," he would later recall- that the alarm ringing through the bunker was a false one. It was an intuition that was based on common sense:  The alarm indicated that only five missiles were headed toward the USSR. Had the U.S. actually been launching a nuclear attack, however, Petrov figured, it would be extensive- much more, certainly, than five. Soviet ground radar, meanwhile, had failed to pick up corroborative evidence of incoming missiles- even after several minutes had elapsed. The larger matter, however, was that Petrov didn't fully trust the accuracy of the Soviet technology when it came to bomb-detection. He would later describe the alert system as "raw."  

But what would you do? You're alone in a bunker, and alarms are screaming, and lights are flashing, and you have your training, and you have your intuition, and you have two choices: follow protocol or trust your gut. Either way, the world is counting on you to make the right call. 

Petrov trusted himself. He reported the satellite's detection to his superiors- but, crucially, as a false alarm. And then, as Wired puts it, "he hoped to hell he was right." He was, of course. The U.S. had not attacked the Soviets. It was a false alarm. One that, had it not been treated as such, may have prompted a retaliatory nuclear attack on the U.S. and its NATO allies. Which would have then prompted … well, you can guess what it would have prompted.  As Petrov, now retired and living in a town near Moscow, puts it of his decision: "That was my job. But they were lucky it was me on shift that night."

Thirty-four years later, there are lingering questions about the specific events of September 26, 1983. Was it really up to Petrov, the single man, to make the call? Weren't there other failsafes that would allow for malfunctioning technology? Wouldn't other cool heads, finally, have prevailed? Petrov, for his part, emphasizes the ambiguity of the situation, saying after the incident that he was never convinced the alarm was erroneous. (The odds of his getting it right, he now figures, were pretty much 50-50.) 

One thing that seems clear, however, is that the world carried on into September 27, 1983 in some part because Stanislav Petrov decided to trust himself over malfunctioning machines. And that may have made, in a very broad and cosmic sense, all the difference. Petrov's colleagues were professional soldiers with purely military training; they would, being trained to follow instructions at all costs, likely have reported a missile strike had they been on shift at the time. Petrov, on the other hand, trusted his own intelligence, his own instincts, his own gut. He made the brave decision to do nothing. And we're here to read about him because of it.”

X22 Report, “The Fed Is Distracting Everyone From The Real Crisis”

X22 Report, “The Fed Is Distracting Everyone From The Real Crisis”
Related followup report:
X22 Report, “GCHQ Warns Of A Category 1 Cyber Attack Coming Soon”

The Daily "Near You?"

Barkerville, Ontario, Canada. Thanks for stopping by!

The Poet: Joy Harjo, "A Map to the Next World"

"A Map to the Next World"

"In the last days of the fourth world I wished to make a map
for those who would climb through the hole in the sky.
My only tools were the desires of humans as they emerged from the killing fields,
from the bedrooms and the kitchens.
For the soul is a wanderer with many hands and feet.

The map must be of sand and can't be read by ordinary light.
It must carry fire to the next tribal town, for renewal of spirit.
In the legend are instructions on the language of the land,
how it was we forgot to acknowledge the gift, as if we were not in it or of it.
Take note of the proliferation of supermarkets and malls, the altars of money.
They best describe the detour from grace.

Keep track of the errors of our forgetfulness; a fog steals our children while we sleep.
Flowers of rage spring up in the depression, the monsters are born there of nuclear anger.
Trees of ashes wave good-bye to good-bye and the map appears to disappear.

We no longer know the names of the birds here,
how to speak to them by their personal names.
Once we knew everything in this lush promise.

What I am telling you is real and is printed in a warning on the map.
Our forgetfulness stalks us, walks the earth behind us,
leaving a trail of paper diapers, needles and wasted blood.

An imperfect map will have to do little one.
The place of entry is the sea of your mother's blood,
your father's small death as he longs to know himself in another.
There is no exit.

The map can be interpreted through the wall of the intestine-
a spiral on the road of knowledge.
You will travel through the membrane of death,
smell cooking from the encampment where our relatives make a feast
of fresh deer meat and corn soup, in the Milky Way.
They have never left us; we abandoned them for science.
And when you take your next breath as we enter the fifth world there will be no X,
no guide book with words you can carry.
You will have to navigate by your mother's voice, renew the song she is singing.

Fresh courage glimmers from planets.
And lights the map printed with the blood of history,
a map you will have to know by your intention, by the language of suns.

When you emerge note the tracks of the monster slayers
where they entered the cities of artificial light and killed what was killing us.
You will see red cliffs. They are the heart, contain the ladder.
A white deer will come to greet you when the last human climbs from the destruction.
Remember the hole of our shame marking the act of abandoning our tribal grounds.

We were never perfect.
Yet, the journey we make together is perfect on this earth
who was once a star and made the same mistakes as humans.
We might make them again, she said.
Crucial to finding the way is this: there is no beginning or end.
You must make your own map."

- Joy Harjo,
"A Map to the Next World: Poems"

"There Is A Theory..."

"There is a theory which states that if ever anybody discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another theory which states that this has already happened."
- Douglas Adams

"How It Really Is"

"The Sum of Risks – Global, Strategic, Political, and Financial”

"The Sum of Risks – 
Global, Strategic, Political, and Financial”
by Raymond Matison

“Never before, not since the founding of America even including our Civil War of the 1860’s, not in the history of the entire world has a confluence of risks risen and coalesced to the degree that makes the next few years the most dangerous on this planet since monkeys evolved to walking upright. Immense risks are prevalent in America, Europe, Middle East, and Asia – essentially covering most of our globe. 

These risks are structural in the sense that political tinkering can no longer obviate nor reduce them, they are also political within each sovereign country or region with conflicting goals to those of other countries or regions, they are often driven by technological innovation and development changing global manufacturing processes, job availability and worker incomes. Our world has become more interconnected because of instant communications, instant money transfers, manufacturing which involves single country assembly of global components – and therefore, it has become more interdependent than ever. This interdependence is particularly dangerous in its global financial system based on central bank money creation where decades-long dollar preeminence has distorted countries trade balance, currency values, and bloated sovereign debt. America’s military, industrial, and financial dominance with its petrodollar since the 1970’s is now being challenged as never before by a growing number of countries which are grouping together with a desire to no longer be dominated by the geopolitical policies of the United States – and who seek an alternative or escape from America’s hegemony.

The following article attempts to highlight many, but not all of these risks. In this period of almost unbridled optimism regarding investment markets it is helpful to be reminded of the accumulated risk level extant in our world presently which can and will cause disruption in our markets, banking system, economies, and societies. It is also helpful to be reminded as why in a period when jobs and incomes appear to be increasing, improving the economic mood of people signaling a significant positive change in the direction of the whole country – its destination still remains unchanged.

Political Risks: America and its people have elected a Republican majority both in the House of Representatives and in the Senate. A Republican President was chosen from outside political ranks with a populist mandate. This should have meant that the policies of this silent majority would visibly and increasingly be implemented. However, the facts to date are quite contrary to this reasonable or logical expectation. Thus far, Congress has little to show for any accomplishments or legislation for the benefit of citizens. There continues to be great acrimony among and within both political parties, with special vitriol aimed at the sitting President. One could argue that opposition from the entrenched political swamp, which President Trump vowed to clear, has thus far prevented him from even governing effectively.

President Trump’s recent order to launch rockets into Syria and committing more troops to Afghanistan – quite contrary to his stated campaign platform demonstrates that it is the deep state and the swamp that have sidelined the President and the hopes of those who elected him. Certainly appearances are that neoconservatives and the military industrial complex have neutered his previously stated platform. The sale of nearly $100 billion of military hardware to Saudi Arabia, and the prospect of such sales to Japan and South Korea, in light of North Korea’s seemingly continuing provocations, does not provide confidence for a reduction in the risk of military conflict. If any such military conflict is to include United States troops, it will more rapidly raise our national debt further debilitating our economy - while providing great profit to the owners of the military/industrial complex.

Perhaps the most risky event to happen recently was our Treasury Secretary’s conditional declaration of war against China. When and How? It happened when Mr. Mnuchen announced that the U.S. will institute a sanction on China which will stop  its ability to use the international SWIFT money transfer system – if it were to violate the sanctions the U.S. has already placed on North Korea. Since China holds over $1 trillion of U.S. debt, the implementation of freezing its assets in this way is a declaration of war against China. Many will understand that only Congress can declare war, but since America has previously abandoned this constraint anyway, it now appears that the Treasury Secretary can initiate a global financial and possibly its consequent nuclear war. Such pointed mandates are not constructive but dangerous, seem desperate, yet add significantly and unnecessarily to this “Sum of Risks”. 

Our national debt has risen at an alarming rate over the last three presidential cycles from $8 to $20 trillion. This national debt cannot be repaid under any conceivable national economic growth or taxation program. The present political agreement to eliminate the nation’s debt ceiling completely is not a special achievement, since politicians in every prior instance have raised it when it appeared necessary. These previous actions demonstrate that there never was a real debt ceiling, but that it was just political theatre. The undesirable alternative option to devalue this debt through inflation will reduce the value of our dollar currency such as to cause a global meltdown from both its effect on Americans regarding their domestic purchasing power, and trillions of dollars evaporating in asset values held by foreign governments and their banks.

It is not only the national debt that is excessive, but bank debt and credit extended in every loan category. News of store and mall closings has been prevalent in the media for some time, yet there seems little acknowledgment that commercial real estate debt must be faltering. Residential real estate transactions and building permits have stalled as current outstanding mortgage loan levels now exceed those in the 2008 financial crisis. Both student and automobile loans currently both hover around $1 trillion, as their default rate has risen to record highs. Regardless of the stated and faked unemployment rate, the proportion of Americans working is at decade low levels, which with stagnant wages in middle class jobs means that the population’s ability to repay existing debt and credit is impaired. It also means that an economy which is 70% driven and comprised of consumer spending – can neither pay down debt, increase spending nor grow that economy.

New regulations now require that state, county and local governments show unfunded pension liabilities utilizing more realistic actuarial assumptions regarding interest rates and contribution levels. This revelation will ultimately confirm that nearly 99% of these pension funds for states, municipal governments, and corporations are underfunded to an extent that they cannot possibly fulfill their present contractual commitments, and that the previously touted benefits will ultimately need to be cut for all participants. The future-insolvent status of our Social Security system has been widely pronounced in the past from many credible sources, which will also require drastic benefit and contribution changes. Add to this the funding hole of Medicaid/Medicare/Obamacare – and these shortfalls taken together means that we have discovered the financial version of what in astronomy is called a black hole, where a whole galaxy gets swallowed with nothing not even light coming out. When the whole of the populace understands and starts to experience the full drastic impact of this Ponzi scheme on their individual lives, it is likely that there will be a revolution with pitchfork marches on every level of government and corporations. 

Politicians have been deceiving ignorant but basically honest hard-working people forever, and as long as people remain uninformed and uninvolved - the scam will continue. This potentially explosive event of citizen uprising against broken government entitlement promises is likely the real source and need that politicians see for militarizing our local police. It is also the likely stimulus for economists and political proponents to eliminating cash in our economy with the substitution of electronic funds - with which our citizens can be controlled with the simple click of a computer button. The recent security breach at Equifax encompassing over 143 million personal information files putting an entire population at risk of identity theft, gives a glimpse just how a cashless society may work out for consumers. The recently touted proposal for universal minimum income is a scheme to provide a new substitute plan for the failing pension system and long-term job destruction coming from artificial intelligence and robotic automation. Increasing the proportion of income coming from government pension programs and transfer payments would make people even more dependent for their survival on a system in which their trust has been consistently disappointed. Universal minimum income would create a social system comparable to that in Middle East monarchies where a small group of elites rule over a citizenry, which is bought off by the “benevolence” of income provided by the rulers of the hoi poloi.

Reflect that Democrats talk about raising taxes while Republicans talk about lowering them.  However, no political party politicians have talked about the most important topic - that of reducing the size of government which is the nation’s largest employer. Such a reduction on a large enough scale would raise the production level of the nation – as government employees who produce nothing are now paid more than productive industry employees. Republicans could reduce taxes more efficiently by cutting the size of government – and it would stimulate their desire for economic growth. Democrats may think that they can raise taxes without reducing the size of government, but that only works when the size of government is small to begin with – it does not work when government is large. Trusting current politicians who will not raise the issue of over-bloated government is about as safe as trusting prior politicians who created this mess. 

Finally, we need to reflect on the fact that the present political gridlock in Congress and the cultural conflict among the nation’s citizens, together with a reduction of pension benefits for all citizens will cause, start or add to the next economic depression and market downturn. The present euphoria about financial market performance of the last years is being seriously misread; the rising markets do not confirm that the underlying economy is strong or that it is even improving, it is confirming that the dollar is losing value and that more dollars are needed to purchase a portfolio of securities. A doubling of the stock market over the next year would not signal economic strength but instead a loss of confidence in the currency and an inflationary calamity in the making.

Domestic Systemic Risks: One of the major factors negatively affecting economic growth is the slowing or stagnation of our relatively mature and aging population. Economic growth is far easier to achieve when a nation’s birth rate is expanding and its population is rising as opposed to when they are not. Politicians are powerless here as they cannot mandate or pass legislation to increase the nation’s birth rate.

Continuing technological innovation has created great disruption to past business and manufacturing processes, even as it has provided huge new opportunities for those willing to quickly re-educate themselves for the newer higher tech market. The rest are victims to unemployment which, with the passage of time, become ever more unqualified to get a job with good income. Hence income inequality will continue to increase between the high knowledge employees and all others, decimating jobs in our middle and lower class. Add to this evolving employment crisis the coming pension black hole, and we have the basis for universal hardship and convulsion. Jobs and wages have been in decline over several decades, and this trend is likely to remain so for decades more. Therefore, our consumer-driven economic model and its fiat currency need replacement. In the meantime one thing will remain true: when consumer spending drops a little, we will have a recession and when it drops a lot we will have a depression.

Perhaps the most misunderstood and unreported fact of our changing society came in the 1960s with the passing control of our institutions of higher learning to liberals and left-leaning educators. Both Hitler and Stalin brainwashed their youth to make them supporters of their hideous system of governance. Only in America has this brainwashing continued to the present day. They are no longer called Marxists, Leninists, or Communists; today they hide under the appellation of socialists, progressives, leftists, radicals, and seekers of social justice. The recent calls by such groups for the killing of our President, denial of free speech at our universities, and openly violent groups such as the Antifa is hiding an active revolutionary movement that in its actions is unmistakably Communist. This cadre of university educators has grown a new generation of hard-core leftist, Marxist radical students which will continue to attack the most basic principles of this formerly great nation and its genial Constitution. If this nation is to recover, it will first need to cure the radical socialist cancer that has been spread throughout the nation.

The media was also infiltrated by graduates of these leftist teaching universities and consequently has persistently espoused a socialist-leaning position, and failed to alert the populace of this subversion. This systemic risk is now so ubiquitous that our former American exceptionalism has given way to identity politics and divisiveness which may well lead to an internal bloody civil war.

Global Risks: The sum of risks outside the United States parallels those issues affecting America, and in many cases is its mirror image, except that most foreign countries are likely to experience these events more severely. Europe, China, Japan and the developing world has taken on the U.S. as a model for economic growth, and with the decades-long accommodation by the IMF is now also bloated with debt. The noteworthy exception is Russia, which seems to have learned its lesson from the IMF, when in the 1990’s it almost totally collapsed the Russian economy and the ruble because of the debt it had extended to Russia under the guise of promoting economic development. Many other nations have had similar experiences and have learned since then.

Overwhelming sovereign debt in most European Union countries has saturated their bank balance sheets to the extent that combining this risk with their own defaulting business loan portfolios portends the failure of the European Union itself - requiring also a reestablishment of new currencies. Europe’s central bank is still buying failing securities of its constituency, practicing emergency measures, nearly a decade after the original financial crisis with media falsely pronouncing a return to economic normalcy. We still do have a crisis, and it is developing further. 

As an example, extending further loans to Greece, when it was not financially qualified for any additional loans more than ten years ago, demonstrates that political considerations have trumped, and do continue to trounce financial sanity. European bank and sovereign failures will not, because they cannot, reverse without disruptive changes, and will further the unraveling of the European Union itself. As a result of global financial institution connectedness, bank failures can quickly span the globe, precisely because the dollar makes up a major portion of foreign bank reserves. Just consider this: when the dollar loses value, the reserves of global banks will be drastically reduced, dangerously exposing those banks diminished capital levels to defaulted business loans hastening bank failures.

Economically advanced countries such as Canada and Australia are now experiencing their own real estate demise with the attendant problems that loan defaults create for the solidity of banks and other lending organizations. In the U.S., mortgage loan amounts again exceed those of the previous crisis, while capacity for wages and mortgage repayment has not improved. Such default risks are rising globally.

Conflicts in the Middle East, driven by geopolitical goals for energy supremacy and encirclement of perceived challengers to America’s hegemony, are constantly adding to America’s imperial overreach cost.  With military bases across the globe, its effectiveness for concentrated power in one global location is necessarily diluted. Despite America being the foremost military power in the world, it cannot fight wars on multiple fronts at the same time. Therefore, the conflicts in Ukraine and Eastern Europe, which also threaten Finland, Sweden, Norway, and the Baltics from Russia, or within Middle East countries seeking their own true sovereignty, and responding to North Korea with China as its ultimate ally, adding to a potential military action in Venezuela - cannot all be successfully fought at the same time. In addition, these wars would have major domestic civilian resistance, as they are neither wars of defending the violations of America’s borders nor wars of fighting against foreign invaders. American citizenry has already been at war for decades on foreign soil and will reject further neocon military conflict rationalizations for “American national security”.

The ever more tightly developed grouping of countries, initially identified by the acronym of BRICS (Brazil, Russia, India, China, and South Africa) is continuing its economic integration despite outside efforts to undermine it. Their creation of institutions to mirror those of the IMF and World Bank has gained new members which require the acronym to be updated to CRISIS (China, Russia, India, South America, Iran, and South Africa). In addition, China’s development of its One Belt, One Road 21st century version of its two thousand year old, historically famed Silk trade road promises to unite vast geographic portions of the globe in trade that will raise living standards of billions of people and shift economic power back to the Middle Kingdom of China and the East.

Financial Risks: The FED, a privately owned institution, was founded over one hundred years ago when America’s population was growing, and neither the people nor government had much debt. The immediate extension of credit to consumers as we know it today was not then even in existence. As the FED could print money against Treasury debt, it did so quickly after its founding in 1913 to finance America’s participation in WWI, which started its century-long inflation of the nation’s currency. 

An acceleration of currency printing and reduction of interest rates stimulated risk-taking, established new business endeavors, and generally grew the economy as a whole. When the FED decelerated its money growth, and raised the cost of borrowing money it stopped the formation of new business ventures, caused debt-based business failures and generally created recessions or worse. Yet somehow, overall, the quality of life in the 20th century seemed to improve for the average citizen. While these quality of life improvements may have had more to do with advancement in technology rather than genial central bank management, nobody cared as long as there were plenty of jobs, and an ability to earn a living wage. Thus, the Keynesian FED central bank model was accepted by most, and embraced by spendthrift politicians.

Today, with consumers, corporations, and all levels of government drowning from debt, and population growth decelerating, this economic model is no longer viable. Actually its model may never have been viable for the long term, but it just happened to correlate positively during America’s rapid population growth period, its late entry in two world wars whereby contending countries manufacturing facilities were completely destroyed opening its markets to American products, and global dollarizing of finance provided the illusion that central bankers and their economic models are democratic, far-sighted and infallible.

During the 2008 financial crisis the FED increased its balance sheet by approximately $4 trillion, meaning that it has created this much currency with which to buy risky bank assets. The nation’s national debt has increased to $20 trillion, while foreign banks are said to hold $12 trillion. When Congress queried Ben Bernanke about the amount the FED had printed and extended to failing foreign banks, he refused to answer. Over the last decade large national banks both domestic and foreign have paid billions of dollars in fines and penalties for criminal activities including mortgage fraud, money laundering, precious metal price rigging, LIBOR interest rate fixing, and other illegal activities. Using these bank leaders, none of which have been imprisoned, as representative of financial morality likely to be found also at central banks, and since FED board members are not accountable to anyone except its owners, are above the law, and neither the FED nor America’s gold holdings have been audited, why would anyone believe anything its representatives say?  

In any case there has been an immense amount of fiat money creation. The FED’s systemic freedom to intervene in fixed income, equity, precious metals, and other commodity markets has allowed it to manipulate those markets. It can even manipulate markets by moral suasion merely stating that the FED will keep interest rates low for the next several years. In Europe, its central bank chairman simply stated that the central bank will do “whatever it takes”, and for five years this statement seems to have sufficed to keep European banks and governments from panicking.

Yet the evidence is there that the economy and its metrics cannot be controlled as expected. For example, the FED and its cousins in Japan and Europe have been trying to achieve a stated goal of 2% inflation for a number of years without success. It is another sign that their economic model is not working as desired even when driven by targeted FED or other central bank policies. Yet with the dollar being the major reserve currency of the world, all banks are more interconnected than is desirable. Any reduction in the dollar’s status or a major diminishing in its value relative to other currencies will bring disaster to the global banking system. That is the hit that foreign countries will have to take in order to be free of the dollar system, but it appears that the world is readying exactly for this event.

Increasingly there are major risks to the value of the dollar.  Foreign countries, long incentivized or forced to use dollars for trade, over decades have experienced harsh re-negotiations of debt and often have had to surrender their financial sovereignty to institutions such and the IMF. Their collective experience has prompted them to seek independence from the dollar. The BRICS nations have moved far along a path to construct an economic and banking zone free of the dollar’s influence. China and Russia’s are already trading oil and other products in the yuan or ruble. Having these currencies officially backed by gold is likely to be the event that will bring about a permanent currency devaluation of the dollar. Oil future contracts are ready in yuan and convertible into gold, as gold can be purchased for yuan on the Shanghai Gold Exchange. A new dinner table seating arrangement is being set up for global governance elitists.

To keep our financial hegemony intact, the IMF is likely to print a world reserve currency called the Special Drawing Rights (SDR) as a logical sequel to the existing now problematic dollar. This would be highly attractive to the U.S. and likely acceptable to the rest of the world - as the dollar is the major component of the SDR, which also includes the Euro, British pound, Japanese yen, and Chinese yuan. But the more important consideration is that the creation of SDR global money does not preclude or negate BRICS countries using and developing yuan/ruble gold-backed trade. This would still be a democratization of currency acceptance, and individual countries could make their sovereign decisions for their reserve currency choices. By contrast, singular world embrace of the SDR would become the mother of all centralizations, fully attendant with its risks of control, corruption, and geopolitical games.

This all means that America’s petrodollar hegemony will be undone. It also means that the trillions of dollars in bank-held derivative contracts will be looking for collateral, which will not be able to be satisfied. It also means that America’s ability to utilize currency wars and sanctions effectively will be severely reduced weakening geopolitical influence. Finally, it means that if America’s leaders themselves do not officially devalue the dollar against gold as it did in the last century, there will be a foreign-forced revaluation of gold severely devaluing the dollar. It looks as if the country’s majority of “deplorables” all will have to sit at the table of our leader-created consequences of the last decades, and eat the same meal and bear the same consequences.

Conclusion: Never in the history of America nor in the history or the world have we had such connectedness and interdependency. Never have people and countries been so aware that the present financial system with its mountainous debt abetted by its vulnerable fiat currency is not sustainable, and that it has been in the process of demise and conversion. Both leaders and common folk are aware that this long multi-decade process is coming to a predictable end. That long process will now be supplanted by the coming of a relatively short but disruptive global financial reset event. This has been well described by Nobel winning economist Dr. Hyman Minsky where excess debt starts a financial crisis, but trivialized by the vision that one last fallen snowflake on a snow-bank starts the avalanche.

Throughout and after this difficult reset period as measured in years, the more tech- savvy employed will hardly notice the problems associated with those who cannot qualify for a job, and will see their lives continually improved by amazing new innovative electronic technology and gadgets. Their quality of life will improve a lot.  As the novelty of the first robot providing hot towels to its hotel guests or cooking and serving a hamburger in a restaurant becomes commonplace over time, the long-term rate of those employed will continue to decline. Over decades this paradigm may return our society to its old feudal ways with those tech-savvy people with jobs as “landed barons” with the rest seen as the toilers in the fields. The future for the employed will be very good indeed – but not so good for the rest.

However, for the vast majority of people on this planet, initially this systemic economic, currency and financial tsunami will impoverish every household, inundate every bank and other financial institutions such as insurance companies, will destroy bond and stock markets around the globe, cause the coup d’état or overthrow of country governments, drastically change the moral values in our societies, cultures, and even a number of civilizations in unpredictable ways. So profoundly mankind will be affected that perhaps many years in the future a historian-authored book may raise the question as to how some of us humans could have been so arrogant, tyrannical, power hungry, elitist – or so myopic, lacking in empathy, compassion and foresight.  How could we allow the “Sum of Risks” to become so large?!”