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Monday, October 31, 2011

Massive early snowstorm claims at least 11 lives, millions without power

We could not care less about the fact that today is Halloween, a celebration of Death, but the fact that this has been the most amount of snow on the East coast of N. America this early in the year is a notable event. This year around the world but more so in North America has been a record breaking year for extreme weather. However I'm afraid that the time to sound the All-Clear with sunny skies and gentle breezes is not just yet. We fully expect the weather to become much more extreme next year and in the years ahead, so tighten your seatbelts and hold on for turbulent times and not just in regards to weather lie straight ahead.

Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; 26 Men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

ABC World News Now: Northeast October Snow Storm 2011 / In this ABC report a lady caught in the storm is quoted as saying, NO HEAT, NO FOOD, NO POWER... we have been warning for a while now that such times are going to be the norm in the near future and not the exception, multitudes will die because they were UNPREPARED. The world as we have always known it is vanishing before our eyes, yet as in Noah's days people are hypnotically oblivious of this fact.

NEW YORK | Mon Oct 31, 2011 9:27am EDT

Eurozone Crisis designed to institute Financial dictatorship on Europeans

The following video from a German website, shows the truly draconian proposals of the International Banking authorities to implement a Financial Dictatorship on Europeans, especially the Germans. German people will be required to pay unlimited amounts into a fund that they will have no control over. The Master rulers who will control the fund will be completely indemnified from any legal proceedings even if they misuse the funds, they will take the money but not be held repsonsible in any way as to what they do with it, what con job! Yet the politicians, Merkel, Sarkozy etc. happily go along with these freedom and sovereignty destroying plans of the Global elite. Is is because they too are a part of the elite, working on their behalf, not on the behalf of their citizens? This is how WORLD GOVERNMENT will be instituted, create an un-resolvable financial catastrophe; provide a pre-planned solution to exponentially increase the power of unelected officials and organizations that will supposedly restore fiscal balance but will in fact destroy national economies and then as the crisis deepens to concentrate more and more power in the hands of a central body that is not accountable to any nation or region. Globalization had to have been implemented before a Global Government could take shape, and since the world is linked economically and financially like never before in history, the stage has been set to move to the next phase from Global trade to Global Dictatorship. The Antichrist is the Global Dictator that will make Hitler and Stalin look like Gandhi. 

Revelation 13:7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.

EU: Treaty of Debt (ESM) -Stop it now! - German video (video is in English)

The following description of the video is in German, the Google translation is listed below it.
"EU: Treaty of debt (ESM) - stop it now!" on
Die EU droht sich in eine schuldenbasierte Transferunion, eine Haftungsgemeinschaft, zu verwandeln. Außerdem soll das Haushalts- und Budgetrecht der nationalen Parlamente an einen EU-Gouverneursrat abgegeben werden. Grundlage hierfür ist der erst vor kurzem bekannt gewordene Vertragsentwurf zum sog. "Europäischen Stabilitätsmechanismus (ESM)", über den die Mitglieder des Deutschen Bundestages vermutlich nach der Sommerpause noch 2011 entscheiden werden. Deutsche Steuergelder sollen für die Schuldenpolitik anderer EU-Länder geradestehen. Wir sollen arbeiten, damit die Banken keine Verluste machen. Dem Steuerzahler wird Zwangssolidarität verordnet. Die Banken sind auf freiwilliger Basis dabei. Uns Bürgern gesteht man diese Freiwilligkeit nicht zu. Wir müssen zahlen. Der ESM-Vertrag darf deshalb den Deutschen Bundestag nicht passieren!

Translation"EU: Treaty of debt (ESM) - stop it now!" Deputies on
The EU is threatening to transfer a debt-based Union of turning a liability community. In addition, the fiscal and budgetary powers of national parliaments will be given to an EU-Governors. This is based on the only recently become known to the draft treaty called "European Stability Mechanism (ESM)", decide on the members of the German Bundestagprobably after the summer break of 2011. German tax money to answer for the debtpolicies of other EU countries. We should work to make the banks any losses. The taxpayeris prescribed compulsory solidarity. The banks are on a voluntary basis here. The citizens of this free will not to admit you. We have to pay. The ESM contract can not therefore pass through the German Parliament!

Sunday, October 30, 2011

UK Telegraph: Greece bailout deal will fail within 2 weeks

Why the latest eurozone bail-out is destined to fail within weeks

I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.

German Chancellor Angela Merkel gestures during a press conference held at the end of a Eurozone summit at the Justus Lipsius building, EU headquarters in Brussels
Last week's eurozone "agreement", for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe's grotesque debt crisis even more acute, sowing further infectious spores of confusion. Photo: AFP

As someone who works in financial services, I follow the markets – in the West, across Asia and the entire world – closer than most. Since the Bear Stearns collapse in March 2008, through the demise of Lehman Brothers and its ghastly aftermath, much of my professional life has been dominated by the angry flashing of those little lights on a Bloomberg screen.
In recent years, the violent gyrations on financial markets have been deeply discomforting, causing angst among market professionals, like me – but that is the least significant aspect. For those little lights represent, of course, the ebbs and flows of cash which, in turn, determines the fate of real businesses. It is at the sharp end of employment and livelihoods, dispossessed homes and broken families that the human impact of financial turbulence is most keenly felt.
So, yes, I want such turbulence, which will never be fully-eradicated, nor should it be in a free-market system, to now lessen to more manageable levels. Yet the responses of our politicians to recent financial troubles – hiding behind complexity and kicking the can down the road – have not only failed to temper the volatility, but have actually made it much worse.
Last week's eurozone "agreement", for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe's grotesque debt crisis even more acute, sowing further infectious spores of confusion.
The deal itself, unveiled dramatically in the early hours of Thursday, was met with the now obligatory "relief rally". The FTSE All-World equity index soared 4.1pc, helped by signs of renewed US economic growth. European bank shares spiked no less than 12pc on Thursday, as traders recognised, for all the official obfuscation, the latest dollop of government largesse.
By late Thursday, though, and certainly on Friday, the warning signs were there. Global bond markets, by character more sober and smarter than the excitable equity guys, were voting against the deal. This is alarming. For it is only by selling more bonds that the eurozone's deeply indebted governments can roll-over their enormous liabilities and keep the show on the road.

Saturday, October 29, 2011

Massive power outages predicted due to potential mega snow storm in NE US

  1. Earliest New York City snow predicted since the Civil War
  2. Snow already falling in Massachusetts
  3. Parts of Connecticut could get a foot of snow this weekend
  4. Since record keeping began NYC has never had an inch of snow in October

  5. READ FULL REPORT People Who Lose Power This Weekend Face Days of Cold

By , Meteorologist
Oct 29, 2011; 8:49 AM ET
Power crews will be working hard to restore power in the Northeast this weekend. (AP Photo/Jacquelyn Martin)
The hundreds of thousands of people set to lose power in the Northeast this weekend could be left without heat for days.
Cold air has already spread into the region in advance of the storm late this week, and temperatures are set to drop even further.
The worst of the snowstorm will target parts of Pennsylvania, New Jersey and New York during the day Saturday before shifting into New England Saturday night.
People who lose power during the storm will face temperatures dropping from the 30s into the 20s Saturday night. Highs Sunday will only make it into the lower to mid-40s in most areas.
Gusty winds accompanying the storm will speed up the rate at which your home or apartment cools once power is lost, especially in residences in which windows and walls are drafty.
Monday night will be even colder with lows dipping into the teens in portions of New England. Much of the rest of the Northeast will once again have lows in the 20s Monday night.
People need to prepare in advance of this storm by having warm clothing, coats and blankets ready, along with batteries and flashlights. Cell phones should also be fully charged before the storm hits.
Keep a phone number and address handy for your local Red Cross Chapter to get information on shelters that may be opened for people without power.

Friday, October 28, 2011

Thailand floods worsen

Bangkok braces for rising flood waters, 10,000 factories damaged. 

Bangkok Braces for Evacuations as Floods Worsen

Bangkok’s Chao Phraya river swelled to a record high, swamping nearby tourist spots including the Grand Palace as Prime Minister Yingluck Shinawatra called for fresh ideas to stem the country’s worst floods since 1942.
“The crisis we’re facing today is the most critical natural disaster that ever happened in Thai history,” she told reporters today, adding that she would welcome suggestions from the opposition Democrat party. “I’d like to ask for cooperation from everyone that we don’t have political parties, nor political games. We must not be divided.”
The government is considering cutting channels through five major Bangkok roads to drain floodwaters seeping into northern parts of the capital as a high tide threatens riverside communities. The roads, in the city’s east, are blocking water from reaching canals that drain into the Gulf of Thailand, Transport Minister Sukumpol Suwannatat said.
Uncertainty over the severity of flooding has fueled panic in the capital, leading to shortages of bottled water, eggs and baby formula as the worst floods in more than half a century reach Bangkok. Dikes north of the city are holding back a three- meter-deep wall of water that has inundated about 10,000 factories, disrupting the supply chains of companies including Honda Motor Co. and Western Digital Corp. (WDC)
Thailand’s central bank today cut its forecast for economic growth this year as the floods take a toll on manufacturing and tourism. Southeast Asia’s second-biggest economy may grow 2.6 percent in 2011, down from an earlier forecast of 4.1 percent, and 4.1 percent next year, the Bank of Thailand said today.

Stocks Gain

Stocks rose after European leaders agreed to expand a bailout fund to stem the region’s debt crisis, with the benchmark SET Index up 1.8 percent at 2:40 p.m. The baht was little changed at 30.56 to the dollar.
The floods may cause about 140 billion baht ($4.6 billion) of financial damage to manufacturers in seven industrial estates, according to the government’s insurance regulator. Japan’s casualty insurers may face about 190 billion yen ($2.5 billion) in net payouts to cover damages from Thailand’s floods, Deutsche Bank AG said in a report yesterday.
The Chao Phraya river running through the middle of Bangkok broke a record by swelling to 2.47 meters above the mean sea level, or 33 centimeters below the government’s main barriers. It is expected to climb to 2.57 meters later today, the Bangkok Metropolitan Administration said on its website, and Governor Sukhumbhand Paribatra warned communities in 13 districts to watch for flooding. The tide reached 1.28 meters above the mean sea level and may climb to 1.31 meters tomorrow.
Thailand’s government announced a 5-day holiday through Oct. 31 for 21 northern and central provinces to give people time to prepare for flooding. Banks remain open.

‘No Sign’

"There is no sign that floods will spread all over Bangkok," Sukhumbhand told a group of executives yesterday. “The severity of the problem depends on each area.”
The Grand Palace, about 100 meters (328 feet) from the river, was surrounded by water earlier today, state-run MCOT reported on its website. In 1942 floods, visitors rowed boats past Bangkok landmarks including Democracy Monument, about two kilometers from the palace.
The floods are mainly limited to northern and eastern areas in the capital and low-lying places near canals and rivers. The main business districts of Silom and lower Sukhumvit remained dry, with sandbag barriers protecting many office buildings and shops.
The government may evacuate people in some areas of Bangkok to nearby provinces, Natapanu Nopakun, a spokesman for the government’s Flood Relief Operations Command, said last night. Yingluck has said it could take a month for waters, which have killed 377 people since July, to recede.

‘Indeed Better’

“Too much preparation is indeed better than too little,” Natapanu said in a televised briefing last night, expressing appreciation to those who already left town. “It is hoped these measures will lead to caution.”
Bangkok’s Suvarnabhumi International Airport is operating normally and the company that operates the facility is “confident” that it can be protected from flooding, Somchai Sawasdeepon, senior executive vice president of Airports of Thailand Pcl, said yesterday. Malaysia advised against non- essential travel and Cathay Pacific Airways Ltd. (293) canceled four flights to as the waters deter visitors.
Don Mueang Airport, which is used mostly for domestic flights, closed after floodwaters reached the runways. Yingluck has used the building to direct flood-relief efforts and provide refuge for about 4,000 evacuees who are being transferred to other locations.

Dams Full

Rainfall about 25 percent more than the 30-year average filled upstream dams to capacity, prompting authorities to release large amounts of water earlier this month down a flood plain the size of Florida, with Bangkok at its bottom tip. Authorities are aiming to drain the water around the city and through its 1,682 canals.
Residents in northern Bangkok caught fish in their homes and ate noodles with their feet resting in ankle-deep floodwaters, television images showed. In some areas, they showed residents capturing escaped crocodiles.
“I suggested that clients leave town because of shortages of drinking water and chaos at supermarkets where people are cleaning out the shelves,” said Sanit Nakajitti, a director at PSAAsia, a Bangkok-based security and risk consulting company. “It’s not a life-threatening situation; it’s more just an inconvenience.”
To contact the reporters on this story: Daniel Ten Kate in Bangkok at; Anuchit Nguyen in Bangkok at
To contact the editor responsible for this story: Peter Hirschberg at

Greek default just the beginning - Ireland, Italy, Spain...will take down banks

The German Dilemma: "Chancellor Angela Merkel said on Friday it was important to prevent others from seeking debt reductions after European Union leaders struck a deal with private banks to accept a nominal 50 percent cut on their Greek government debt holdings. "In Europe it must be prevented that others come seeking a haircut," she said." 

            French and German banks have agreed to write off 50% of their Greek debt holdings, meaning that Greece will be required to pay only 50 cents on the dollar of the money that they allegedly owe to these European banks. With other countries like Portugal, Spain, Ireland and Italy in similar situations as Greece, it is logical that they will look at the Greek solution and pursue similar favorable terms in resolving their own debt crises. And why not? If a bank is willing to write down my neighbor's debts, why would I not ask for similar write downs? The problem however is that the private banks that are being asked to take this haircut may be able to write down the Greek debt and survive but not that of the other countries, so the prognosis for the health of these banks, and by extension that of the Global Economy is rather dire. Ultimately 100% defaults will be the order of the day, everyone knows that but the game of extend and pretend continues, as the politicians and bankers and all of the Financial industry holds their collective breath and try and squeeze just a bit more profit before the pretense can no longer be maintained and the whole thing blows up like the Hindenburg

From ZeroHedge.Org The Global Moral Hazard Dawns: Merkel Says "It Must Be Prevented That Others Come Seeking A Haircut" As Ireland Cuts GDP Forecast

Just about 48 hours after it was duly noted as the greatest threat to the Eurozone in the post bailout world, Germany finally grasps the enormity of what global moral hazard truly means. As we said before, the biggest risk facing Europe, and by that we mean undercapitlized French banks (all of them) obviously, is not Greece or what haircut is applied to the meaningless €100 billion in Greek debt when all the exclusions are accounted for. It is what happens when everyone else understands they now have a carte blanche to pull a Greece at will. And while until now we had some glimmer of hope there was a behind the scenes agreement for this glaringly obvious deterioration to not manifest itself, Merkel just opened her mouth and proved our worst fears wrong. As Reutersreports, "Chancellor Angela Merkel said on Friday it was important to prevent others from seeking debt reductions after European Union leaders struck a deal with private banks to accept a nominal 50 percent cut on their Greek government debt holdings. "In Europe it must be prevented that others come seeking a haircut," she said." Too late, Angie, far, far too late. Because, just as expected, here comes Ireland and literally a few hours ago, launched the first warning shot that will imminently lead to what will be demands to pari passu treatment with Greece. Next up: Portugal, Spain, and, of course, Italy, which however won't be faking its own economic slow down.
Ireland's government may cut at least 1 percentage point off its 2012 economic forecast, as a global slowdown curbs the country's export-led recovery, according to two people familiar with the matter.

Finance Minister Michael Noonan said last month that the country may cut its gross domestic product forecast from 2.5 percent, published on April 29. The government details its medium-term budgetary outlook on Nov. 4 and may lower the forecast, according to the people who declined to be identified because the figures haven't been finalized.

“Work is under way on the medium-term fiscal statement,” said Eoin Dorgan, a spokesman for Noonan, declining to comment on the growth forecasts.

Slowing global economic growth and Europe's debt crisis is hampering the region's recovery. French President Nicolas Sarkozy said yesterday his country's economy will grow by about 1 percent next year, as he lowered an August forecast of 1.75 percent. In Ireland, Noonan has said the government may need more than the planned 3.6 billion euros ($5.1 billion) of budget savings, though “not an awful more,” to hit its 8.6 percent fiscal deficit target.

“Ireland is showing the characteristics which are required to put the economy back on the right track,” Brian Devine, an economist at NCB Stockbrokers in Dublin, said in a note on Oct. 26. “However, one must not forget that Ireland is recovering from the largest credit and housing bubble in OECD history.”
Indeed, Ireland is just the beginning in the global race to sequester what remaining global put funds remain, a race which will end with the ECB unleashing the printer, and, as Albert Edwards predited yesterday, with Germany making a decision whether or not to leave the Eurozone.