ECONOMIC NEWS
From www.MoneyNews.com
- BOND EXPERT GUNDLACH: HOUSING COLLAPSE TO SPARK SECOND FINANCIAL MELTDOWN
“The housing market is dropping . . . and about to go to a new low," he tells CNBC. "I think we're looking at some type of echo in the credit crisis coming up here. That's what I'm afraid of." “There is very little, if any, good news about housing,” David Blitzer, chairman of the Case-Shiller index committee at S&P, said in a statement accompanying the latest report. “The 20-city composite is within a hair’s breadth of a double-dip.” Read more: Bond Expert Gundlach: Housing Collapse to Spark Second Financial Meltdown
Any Economy that has to depend on a residential housing market for its health is doomed. People can only buy houses when they have jobs; so without first creating jobs that pay a decent wage, building houses is like putting the cart before the horse. And since most of the good manufacturing have been shipped overseas, and continue to be shipped overseas, there will neither be a housing market recovery nor an Economic recovery; it’s all a mirage!
DEVELOPING FAMINES AND FOOD SHORTAGES
From Guardian UK: http://www.guardian.co.uk/
European dry spell and commodities speculation combine to push up average cereal costs by 71% to record levels. Food prices are expected to hit new highs in the coming weeks, tightening the squeeze on UK households and potentially triggering further unrest in developing countries unless there is heavy rainfall across drought-affected Europe, the United Nations has warned. With the dry spell forecast to continue for several weeks across Europe, Abdolreza Abbassian, senior grains economist at the FAO, said: "Europe is entering a very critical month. We can't do without rain any more. If the current situation continues prices will respond very aggressively."
ONGOING AND DEVELOPING WARS LEADING TO WORLD WAR III
From Yahoo News
DEAUVILLE, France – Rich countries and international lenders are aiming to provide $40 billion in funding for Arab nations trying to establish true democracies, officials said at a Group of Eight summit Friday. Officials didn't fully detail the sources of the money, or how it would be used, but the thrust was clearly to underpin democracy in Egypt and Tunisia — where huge public uprisings ousted autocratic regimes this year — and put pressure on repressive rulers in Syria and Libya.
On the surface moves such as this report about the G-8 giving $40 billion for the Arab Spring are totally insane. Here is a group of countries, massively in debt and flat broke throwing money around like this was a Monopoly game (which in reality it is!) Since when did the G-8 or G-20 or any rich nation or person really care about abstract ideals such as freedom and democracy? After supporting and propping up totalitarian regimes all around the world from The Soviet Union to Communist China to Saudi Arabia, why this sudden outburst of humanitarianism? In reality the motives of the G-8 may be a bit more insidious than the ones being reported in the media. I believe this money will be used to foment revolutions and revolts, to further destabilize the region and cause one or major wars, that together will become World War III.
From www.TIME.com
It might have been easy, amid the raucous cheering at Prime Minister Benjamin Netanyahu's Capitol Hill pep rally on Tuesday, for Israelis to ignore President Obama's earlier warning of a gathering storm on Israel's horizon. But Wednesday's announcement that Egypt plans, on Saturday, to effectively end the siege of Gaza by permanently opening the Rafah border crossing brought home the harsh truth of Israel's increasingly isolated position. (Obama, the same day, got a non-commital response from Prime Minister David Cameron in London when urging Britain to join the U.S. in opposing a September U.N. vote recognizing Palestinian statehood.)
Wars, wars, and more wars!!! The wars of Israel that date back to the time of Moses are still ongoing, and will not end until the battle of Armageddon, when all nations will gather together in the valley of Megiddo. These Israel / Palestine games began in the 19th century, continued non – stop in the 20th with the Balfour Declaration, and then the formation of the State of Israel, have now made their way into the 21st century. While the populations of Palestine, Jewish or otherwise may genuinely desire peace, the Powers that be will never allow it to happen. That’s why the forked tongue proclamations of every President since Carter and every European leader should be taken with more than just a grain of salt; these warmongers have no real desire for peace. Leaders that may have had a real desire to see lasting peace, such as Anwar Sadat of Egypt soon find themselves to be targets of an assassin’s bullets.
Extreme Weather News
- WHY ARE THERE SO MANY NATURAL DISASTERS IN 2011?
The news just keeps getting worse and worse.
Now, on top of everything else, the path of Super Typhoon Songda (with sustained winds of 160 mph and gusts up to 195 mph) could take it directly over the Fukushima complex. Needless to say, that could potentially be a nightmare. Sadly, more catastrophic seismic events may be on the way. As I have written about previously, there is a growing body of evidence that the "Ring of Fire" is waking up.... Read more
SINKHOLES, EARTH CRACKING, GIANTS RIFTS APPEARING WORLDWIDE
A 35-mile rift in the desert of Ethiopia will likely become a new ocean eventually, researchers now confirm. The crack, 20 feet wide in spots, opened in 2005 and some geologists believed then that it would spawn a new ocean. Read more
In my last update I had made note of the ever increasing phenomenon of giant sinkholes and rifts appearing worldwide. Even to a layperson like myself, it is obvious that as seismic, volcanic and mega storm activity increases, these phenomenon are going to become bigger and it would not surprise to hear of a whole town or region sinking into the ground as depicted in the movie 10.5. Tragically fiction like that depicted in this movie will become fact in the not too distant future.
From Extinction Protocol blog: http://theextinctionprotocol.wordpress.com/
May 28, 2011 – MANILA, Philippines - Nearly 400 metric tons of milkfish were found floating in Taal Lake in the northern Philippines, local officials said today. Talisay Mayor Zenaida Mendoza said that more or less 375 metric tons of milkfish died since Thursday in 84 fish cages in Sampaloc village of the same town in Batangas province. Zeny Macatangay, Municipal Agriculture Officer of Talisay, said that initial investigation disclosed that the fish death was due to “sudden change of water temperature” in the lake where Taal Volcano is located. Alert Level 2 is still in effect over Taal Volcano, with the interpretation that magma has been intruding towards the surface, the Philippine Institute of Volcanology and Seismology said. Six volcanic earthquakes were recorded in the past 24 hours near the volcano. Read more
It amazes me how most of the world goes about life with ‘Business as usual’ attitude in what has been a remarkably devastating year so far in 2011. If a disaster is not on their doorstep, people believe it will never arrive there and make no preparations whatsoever! However I firmly believe that what we have seen so far in 2011 is but an appetizer, the main course has yet to be served, and when it is it will take the world by storm – literally. Hollywood fiction such as ‘Day After Tomorrow’ and ‘2012’ is about to become reality all around the world and it all but certain that not one person on earth will have a ‘Business as usual’ attitude any longer.
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