Over 1.5 Million International FOLLOWERS AND Readers have engaged our various digests and blogs providing insights on the "SEVEN BIG Es" - Earth, Economics, Environment, Energy, Exponentiation, Entropy, and Extinction, curated by our world renowned "Quantum Realonomist" - First Financial Insights Inc. - Dr. Peter G Kinesa
WORLD LEADING INSIGHTS
International LEADERS Calling Market Crashes Years Ahead
Second to None, Anywhere...
'Warned 2000 tech slide; predicted 2008 meltdown in 2007. Forecasted 2020 global economic collapse in 2011, AND NOW- BY 2050 - THE MOTHER OF ALL CRASHES"
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.
A new McKinsey Global Institute (MGI) report, Debt and (not much) deleveraging, examines the evolution of debt across 47 countries—22 advanced and 25 developing—and assesses the implications of higher leverage in the global economy and in specific sectors and countries. The analysis, which follows our July 2011 report Debt and deleveraging: The global credit bubble and its economic consequences and our January 2012 report Debt and deleveraging: Uneven progress on the path to growth, focuses on the debt of the “real economy”: governments, nonfinancial corporations, and households. It finds that debt-to-GDP ratios have risen in all 22 advanced economies in the sample, by more than 50 percentage points in many case.Read More.
Why Is Mother Nature Crying About Global Debt Expansion?
The Dystopian Lake Filled By The World's Tech Lust
From where I'm standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, washed-out sky. Between it and me, stretching into the distance, lies an artificial lake filled with a black, barely-liquid, toxic sludge.
Dozens of pipes line the shore, churning out a torrent of thick, black, chemical waste from the refineries that surround the lake. The smell of sulphur and the roar of the pipes invades my senses. It feels like hell on Earth. Read More
I continue to scratch my head while trying to figure out exactly what the US and NATO are trying to do as they push Russia into a corner.While the Western Media outlets would lead you to believe the situation in Ukraine is getting better, the overall picture remains troubling as the US Military Industrial complex seeks out an outright conflict. Russia considers NATO buildup near its borders as demonstration of hostility – deputy FM
At least in this case I do not believe this has anything to do with “Russian Propaganda” as the map above speaks for itself. Add a few more years and a few countries to the blue map above and you have Russia nearly encircled. This would be equivalent to having a massive Russian military buildup in Canada, Mexico, Cuba, the Atlantic and the Pacific. Does Russia pose a threat? I don’t believe so and I don’t see it.
There is little doubt the risks of engagement increase as we pass Peak Oil globally and other raw material shortages are felt. Human history is simply repeating itself, as expected. Noam Chomsky believes we are starting to see the unwinding of the Hegemony as a new world order transpires. Within five years the US dollar will no longer be the global reserve currency. That will devastate the Western economies as they will no longer be able to buy oil and lots of other stuff with paper IOU s. In other words they will no longer get things for FREE!
You knew that game could not last forever, so it should not come as a surprise to anyone, particularly Russia and China.
(io9) – The Intergovernmental Panel on Climate Change (IPCC) report warned
that more intense droughts and heat waves will cause famine and water
shortages. But, don't worry! Yesterday, the GOP held a hearing to tell
us the IPCC is, in fact, a global conspiracy to control our lives and "redistribute wealth among nations." [Archived webcast]
GOP at Work???
The hearing,
titled "Examining the UN Intergovernmental Panel on Climate Change
Process," was convened by the House Committee on Science, Space and
Technology—the same folks who recently demonstrated their inability to grasp the idea that the world's climate varies across different regions and who informed us that warmer weather didn't bother the dinosaurs, so what's all the fuss about?
GOP Intellectual Discourse?
In
principle, there's nothing wrong with assessing the methodology of such
an important and influential report. But, in one of those
quintessential moments of Washington double-think, Chairman Lamar Smith
(R-TX)—who accuses the IPCC of creating data to serve a predetermined
political agenda—summarized the hearing's conclusions a day before it
even began. "The IPCC does not perform science itself and doesn't
monitor the climate," Smith told a reporter, "but only reviews carefully selected scientific literature."
So, small wonder that Rep. Eddie Bernice Johnson (D-TX), the ranking Democrat on the committee, offered the opinion:
Take me to your leader. Who? That's what I asked?
While
the topic of today's hearing is a legitimate one, namely, how the IPCC
process can be improved, I am concerned that the real objective of this
hearing is to try to undercut the IPCC and to cast doubt on the validity
of climate change research.
In Norfolk, evidence of climate change is in the streets at high tide By Lori Montgomery
NORFOLK
(Washington Post) – At high tide on the small inlet next to Norfolk’s most prestigious art museum, the water lapped at the very top of the concrete sea wall that has held it back for 100 years.
It seeped up through storm drains, puddled on the promenade and spread, half a foot deep, across the street, where a sign read, “Road Closed.” The sun was shining, but all around the inlet people were bracing for more serious flooding. The Chrysler Museum of Art had just completed a $24 million renovation that emptied the basement, now accessible only by ladder, and lifted the heating and air-conditioning systems to the top floor. A local accounting firm stood behind a homemade barricade of stanchions and detachable flaps rigged to keep the water out. And the congregation of the Unitarian Church of Norfolk was looking to evacuate.
“We don’t like being the poster child for climate change,” said the Rev. Jennifer Slade, who added that the building, with its carved-wood sanctuary and soaring flood-insurance rates, would soon be on the market for the first time in four decades. “I don’t know many churches that have to put the tide chart on their Web site” so people know whether they can get to church.
On May 6, the Obama administration released the third National Climate Assessment, and President Obama proclaimed climate change no longer a theory; its effects, he said, are already here. This came as no surprise in Norfolk, where normal tides have risen 11 / 2 feet over the past century and the sea is rising faster than anywhere else on the East Coast.
Perhaps this futuristic picture of Norfolk is a little dramatic, but then again maybe not. One thing is for certain though no one wants to be a "poster child" for climate change. Particularly when the storms unleash their furies.
Study: Dangerous storms peaking further north, south than in past
New analysis of cyclones shows migration away from tropics and toward the poles in recent decades.
Peter Dizikes
(MIT News Office) – Powerful, destructive tropical cyclones are now reaching their peak intensity farther from the equator and closer to the poles, according to a new study co-authored by an MIT scientist.
The results of the study, published today in the journal Nature, show that over the last 30 years, tropical cyclones — also known as hurricanes or typhoons — are moving poleward at a rate of about 33 miles per decade in the Northern Hemisphere and 38 miles per decade in the Southern Hemisphere. “The absolute value of the latitudes at which these storms reach their maximum intensity seems to be increasing over time, in most places,” says Kerry Emanuel, an MIT professor and co-author of the new paper.
“The trend is statistically significant at a pretty high level.”
And while the scientists who conducted the study are still investigating the atmospheric mechanisms behind this change, the trend seems consistent with a warming climate.
“It may mean the thermodynamically favorable conditions for these storms are migrating poleward,” adds Emanuel, the Cecil and Ida Green Professor of Earth and Planetary Sciences at MIT. The implications are serious, since the movement of peak intensity means regions further north and south of the equator, which have not previously had to face many landfalls by violent cyclones, may now have greater exposure to these extreme weather events.
That, in turn, could lead to “potentially profound consequences to life and property,” the paper states. “Any related changes to positions where storms make landfall will have obvious effects on coastal residents and infrastructure.”
As things get worse the deniers persist to try to keep the lid on legitimate science. In the end, they will get what they deserve; while many innocents are caught up in the storms. Very sad.
This article written by Frosty Wooldridge regarding the demise and plight of the once mighty American city we fondly refer to and recall as Motown or Motor City ,the symbol of the nation's industrial strength , should break your heart. Because it breaks all of ours, as we yearn for those times when it was so much more. For many it was "My Girl" a song that gave us sunshine on a cloudy day, or in a cold month of May.
So I guess you'd say; what could make me feel this way...?
Dr Peter G Kinesa May 30, 2014
The Tragedy of Detroit, Michigan, Immigration and the Great Society
By Frosty Wooldridge
(Frosty Wooldridge is a US journalist, Michigan State University graduate, writer, environmentalist, and six continent world traveler, often referred to as a Paul Revere - A Hero For Our Times)
http://pwa2000.blogspot.ca/p/all-abot.html
For 15 years, from the mid 1970's to 1990, I worked in Detroit, Michigan . I watched it descend into the abyss of crime, debauchery, gun play, drugs, school truancy, car-jacking, gangs and human depravity. I watched entire city blocks burned out. I witnessed graffiti explode on buildings, cars, trucks, buses and school yards.Trash everywhere!
Detroiters walked through it, tossed more into it and ignored it. Tens of thousands, and then hundreds of thousands today exist on federal welfare, free housing and food stamps.
With Aid to Dependent Children, minority women birthed eight to 10, and in one case, one woman birthed 24 children as reported by the Detroit FreePress—all on American taxpayer dollars.
A new child meant a car payment, new television and whatever mom wanted. I saw Lyndon Baines Johnson's “Great Society” flourish in Detroit . If you give money for doing nothing, you will get more hands out taking money for doing nothing
Mayor Coleman Young, perhaps the most corrupt mayor in America , outside of Richard Daley in Chicago, rode Detroit down to its knees... He set the benchmark for cronyism, incompetence and arrogance. As a black man, he said, "I am the MFIC." The IC meant "in charge". You can fill in the MF for yourself. Detroit became a majority black city with 67 percent African-Americans. In 2013, Detroit features nearly a 90 percent minority-majority population.
As a United Van Lines truck driver for my summer job from teaching math and science, I loaded hundreds of American families into my van for a new life in another city or state.
Detroit plummeted from 1.8 million citizens to 700,000 today. At the same time, legal and illegal immigrants converged on the city, so much so, that Muslims number over 300,000. Mexicans number 300,000throughout Michigan, but many work in Detroit . As the whites moved out, theMuslims moved in.Welfare became a way of life.
As the crimes became more violent, the whites fled. Finally, unlawful Mexicans moved in at a torrid pace. Detroit suffered so much shoplifting that grocery stores no longer operate in many inner city locations.You could cut the racial tension in the air with a knife! Detroit may be one of our best examples of multiculturalism: pure dislike and total separation from America.
Today, you hear Muslim calls to worship over the city like a new American Baghdad with hundreds of Islamic mosques in Michigan, paid for by Saudi Arabia oil money. High school flunk-out rates reached 76 percent last June, according to NBC's Brian Williams. Classrooms resemble more foreign countries than America. English? Few speak it! The city features a 50percent illiteracy rate and growing.
Unemployment hit 28.9 percent in 2009 as the auto industry vacated the city. In Time Magazine's October 4, 2009, "The Tragedy of Detroit: How a great city fell, and how it can rise again," I choked on the writer's description of what happened. "If Detroit had been ravaged by a hurricane, and submerged by a ravenous flood, we'd know a lot more about it," said Time reporter Daniel Okrent. "If drought and carelessness had spread brush fires across the city, we'd see it on the evening news every night. Earthquake, tornadoes, you name it, if natural disaster had devastated the city that was once the living proof of American prosperity, the rest of the country might take notice.
“But Detroit, once our fourth largest city, now 11th and slipping rapidly, has had no such luck. Its disaster has long been a slow unwinding that seemed to remove it from the rest of the country.Even the death rattle that in the past year emanated from its signature industry brought more attention to the auto executives than to the people of the city, who had for so long been victimized by theirdreadful decision making."
As Coleman Young's corruption brought the city to its knees, no amount of federal dollars could save the incredible payoffs, kickbacks and illegality permeating his administration. I witnessed the city's death from the seat of my 18-wheeler tractor trailer because I moved people out of every sector of decaying Detroit .
"By any quantifiable standard, the city is on life support. Detroit 's treasury is $300 million short of the funds needed to provide the barest municipal services," Okrent said. "The school system, which six years ago was compelled by the teachers' union to reject a philanthropist's offer of $200 million to build 15 small, independent charter high schools, is in receivership. The murder rate is soaring, and 7 out of 10 remain unsolved. Three years after Katrina devastated New Orleans , unemployment in that city hit a peak of 11%. In Detroit today, the unemployment rate is 28.9%. That's worth spelling out: twenty-eight point nine percent.”
At the end of Okrent's report, he promised to write more about Detroit, "That's because the story of Detroit is not simply one of a great city's collapse, it's also about the erosion of the industries that helped build the country we know today. The ultimate fate of Detroit will reveal much about the character ofAmerica in the 21st century. If what was once the most prosperous manufacturing city in the nation has been brought to its knees, what does that say about our recent past? And if it can't find a way to get up, what does that say about America’s future?"
As you read in my book review of Chris Steiner's book,"$20 Per Gallon", the auto industry won't come back. Immigration will keep pouring more and moreuneducated and unskilled third world immigrants from the Middle East into Detroit, thus creating a beachhead for Islamic hegemony in America . If 50 percent illiteracy continues, we will see more homegrown terrorists spawned out of the Muslim ghettos of Detroit . Illiteracy plus Islam equals walking human bombs.
You have already seen it in Madrid , Spain , London , England and Paris , France with train bombings, subway bombings and riots. As their numbers grow, so will their power to enact their barbaric Sharia Law that negates republican forms of government, first amendment rights, and subjugates women to the lowest rungs on the human ladder. We will see more honor killings by upset husbands, fathers and brothers that demand subjugation by their daughters, sisters and wives. Muslims prefer beheadings of women to scare the hell out of any other members of their sect from straying. Multiculturalism: a perfect method to kill our language, culture, country and way of life.
If you think Mexicans and Muslims will eventually fit right into America, you have another reality check coming. One look at the constant violence and segregation in Los Angeles portends a sobering future for all Americans. Chicago suffers endless minority gun killings. “Black flash mobs” in major cities run around looking for white Americans to beat up and kill. Detroit features honor killings, female genital mutilation, arranged marriages and violence toward gays by Muslims. Those accelerating situations represent only symptoms of what the future holds for Americans in most cities dominated by endless immigration. Detroit, Michigan presents us with a peek into our future as a multicultural morass.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin
