Faber: Brace for a Global ‘Reboot’ and a War, World Economy is Rolling Towards Total Collapse

08/05/2011 Leave a comment

By Peter Guest – “Markets could rebound after Thursday’s global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report, told CNBC Friday.

A mooted third round of quantitative easing in the U.S. and more money printing elsewhere is merely deferring a crisis that will be bigger and could end in war, Faber said.

The Dow Jones Industrial Average suffered its worst losses in three years Thursday, shedding more than 500 points.

‘My view is that the market has experienced everywhere huge technical damage,’ Faber said. ‘As of today, all markets are extremely oversold, so a rebound is going to happen (Friday) or on Monday, but the damage technically is so great that the rebound, no matter whether QE3 happens right here, it’s unlikely to lift markets above the May 2 high of 1370.’

Faber thinks that by the end of the fall, the S&P 500 will have slid to around 1150, and investors will be hoping that further round of monetary easing will stabilize markets.

‘In general, I would be using rebounds as a selling opportunity,’ Faber said.

Buying Treasurys as a safe haven is no longer a smart play, he added.” Read more.

‘UNPRECEDENTED’: S&P downgrades U.S. credit rating – “The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday in an unprecedented reversal of fortune for the world’s largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government’s budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers.” Read more.

Russian Volcano Shows Signs Of Impending Eruption

08/05/2011 Leave a comment

By MARK DUNPHY – “The Kamchatka Peninsula, along Russia’s Pacific coast, is currently the most volcanically active area in the world: four volcanoes are erupting simultaneously, and a fifth is showing signs of an impending eruption.

Ash plumes from two of these volcanoes are visible in this natural-colour satellite image.Along the northern (top) edge of the image Shiveluch emits a broad gray plume from the lava dome growing on its southern flank. 90 kilometres (60 miles) to the southwest a much smaller plume escapes from Bezymianny.

This image was acquired by the Moderate Resolution Imaging Spectroradiometer (MODIS) aboard the Aqua satellite on August 3, 2011. Bright green vegetation covers the river floodplains and mountainsides, which gives way to bare rock and eventually snow at higher elevations.” Source.

Categories: Natural Disasters

Former Comptroller General of the United States: ‘Sudden And Very Painful’ Economic Collapse Is Coming

08/05/2011 Leave a comment

By Steve Watson – “Former head of the Government Accountability Office and Comptroller General of the United States, David Walker has issued a stark warning following the compromise deal to raise the debt ceiling.

‘We are less than three years away from where Greece had its debt crisis as to where they were from debt to GDP,’ Walker highlighted in an interview with CNBC earlier today.

Greece’s ratio of debt to GDP has surpassed 100% and is heading towards 150%, a factor that has meant without bailouts from the EU and the IMF, the country would have defaulted.

The US is now nearing the same 100% margin with GDP growth floundering below 1%.

‘We should recognize that this could be a leading indicator for us,’ Walker said, adding that something must be done now to significantly restructure government spending if a major collapse is to be avoided in the future.

Walker, who has long spoken out against wasteful federal spending, urged that the nation should ‘deal with the disease, instead of the symptoms,’ adding that increasing the debt ceiling as well as federal budget deficits will inevitably lead to the same situation in the US as has been witnessed in Greece.” Read more.

Categories: Man-Made Disasters

Wisconsin: Hundreds of Young Black People Attack Whites Outside State Fair, ‘It Was 100% Racial … They Were Attacking Everybody’

08/05/2011 Leave a comment

Matthew 24:6-7, 12, “And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all [these things] must come to pass, but the end is not yet.  For ‘ethnos‘ shall rise against ‘ethnos‘ … And because iniquity shall abound, the love of many shall wax cold.”

Sorry, Rodney.  Memories are more selective today than ever.  Yet again, instead of stepping away from a history that should by now have been well behind us all, an increasing number of black youth in America relish the idea of ‘acting stupidly‘ …

“WEST ALLIS – Witnesses tell Newsradio 620 WTMJ and TODAY’S TMJ4 of a mob of young people attacking innocent fair-goers at the end of the opening night of State Fair, with some callers claiming a racially-charged scene.

Milwaukee Police confirmed there were assaults outside the fair.

Witnesses’ accounts claim everything from dozens to hundreds of young black people beating white people as they left State Fair Thursday night.

Authorities have not given official estimates of the number of people involved in the attacks.

‘It looked like they were just going after white guys, white people,’ said Norb Roffers of Wind Lake in an interview with Newsradio 620 WTMJ. He left the State Fair Entrance near the corner of South 84th Street and West Schlinger Avenue in West Allis.

‘They were attacking everybody for no reason whatsoever.’

‘It was 100% racial,’ claimed Eric, an Iraq war veteran from St. Francis who says young people beat on his car.

‘I had a black couple on my right side, and these black kids were running in between all the cars, and they were pounding on my doors and trying to open up doors on my car, and they didn’t do one thing to this black couple that was in this car next to us. They just kept walking right past their car. They were looking in everybody’s windshield as they were running by, seeing who was white and who was black. Guarantee it.’

Eric, a war veteran, said that the scene he saw Thursday outside State Fair compares to what he saw in combat.” Read more.

Flashback: Race relations are now worse in America… despite nation’s first black president, says new poll – “Hopes that race relations in America would improve with the election of the nation’s first black president have been dashed – with figures showing that the situation has actually worsened in the past two years. A new poll found that just 36 per cent of voters now believed that relations between black and white was getting better. This is compared with 62 per cent a year ago and 55 per cent in April.” Read more.

Rewriting History: Obama Spreads False Claim That Thomas Jefferson Hosted First Ramadan Iftar Dinner at White House

08/04/2011 1 comment

“The State Department retails the PC myth in this article, ‘Thomas Jefferson’s Iftar,’ July 29. Nor is this the first time this falsehood has gone around: the State announcement quotes Barack Obama saying last year: ‘Ramadan is a reminder that Islam has always been a part of America. The first Muslim ambassador to the United States, from Tunisia, was hosted by President Jefferson, who arranged a sunset dinner for his guest because it was Ramadan — making it the first known iftar at the White House, more than 200 years ago.’

Longtime Jihad Watch writer Hugh Fitzgerald busted this myth in his piece ‘Barack Obama, The New York Times, that Iftar Dinner, and the rewriting of history,’ which was first published here at Jihad Watch on August 26, 2010. Here it is again:” Read more.

Is Obama Trying to Collapse the Economy? – “Combine class warfare, demonizing the rich, getting as many people onto the welfare rolls as possible, and pushing the economic system to collapse and you have a flawless formula for Cloward-Piven 2.0 — and a vehicle that ensures Obama remains in power… The duo taught that if you flooded the welfare rolls and bankrupted the cities and ultimately the nation, it would foster economic collapse, which would lead to political turmoil so severe that socialism would be accepted as a fix to an out-of-control set of circumstances.” Read more.

White House Insider: ‘Everyone Stunned At How Little Barack Obama Understands’ – “A quick update following the almost-concluded debt ceiling negotiations paints a fascinating picture of Democrats and Republicans agreeing on one thing – the leadership fiasco that is President Obama. Democrats are so upset in fact, serious whispers of a primary challenger to Obama are now quickly spreading within the party… Everyone [is] stunned over how little Barack Obama understands about anything. Told Harry Reid came out of a meeting with Obama over the weekend ‘visibly shaking’ he was so angry at how little the president seemed to care about the process and related details of the agreement, and how flip and dismissive he was toward Senator Reid.” Read more.

Categories: Anything Else

Dr. Wafa Sultan: Muslim ‘Radicals’ Do Not Exist, They Are ‘Simply the Ones Who Are Adherents to the Faith’

08/04/2011 Leave a comment

By Dan Calic – “For years we’ve heard Muslims commonly defined by a couple of different terms, ‘radical’ or ‘moderate.’

Yet what exactly do these terms mean?

Dr. Wafa Sultan, born and raised in the Muslim culture of Syria, who now resides in the US, and is a strong advocate of women’s rights, recently provided some interesting insight on this topic during an interview. What immediately caught my attention was her comment that the term ‘radical’ doesn’t exist in the Muslim world.

No ‘radicals?’ What is she talking about?

‘This is a term invented by the West,’ according to Dr. Sultan. She also indicated those who suggest Islam has been ‘hijacked by radicals’ were off base. Those whom the West calls ‘radicals’ are quite simply the ones who are adherents to the faith.

Dr. Sultan explained that while there no ‘radicals’ in the Muslim world, there are ‘moderates.’ However, one needs to take note this has nothing to do with Islam itself.

‘Islam is Islam,’ she explained. A ‘moderate’ Muslim is an individual who has made a personal choice not to be an adherent to the tenets of Islam. A typical way to describe such a person in the west is ‘secular.’

However, in the Muslim world a ‘secular’ or ‘moderate’ is considered a non-believer or infidel. Such people are routinely subjected to torture and according to Islamic law should be put to death. Islam is also the only religion that mandates the death of someone who decides to leave the faith.” Read more.

‘Dhimmedia’ Presents a New Muslim ‘Reality’ Show That Is Anything But

08/04/2011 Leave a comment

By Raymond Ibrahim – “The American TV network TLC recently announced that it is making a reality series following the lives of Muslims living in America. The program—called ‘All American Muslim’—will follow five Muslim families in Dearborn, Michigan, hoping to expose the ‘misconceptions and conflicts’ they face ‘outside and within’ their own community…In a statement TLC’s general manager Amy Winter said:…’Through these families and their diverse experiences, we will explore how they blend their values and traditions with everyday life in America.’ She added the program would provide: ‘Insight into their culture with care and compassion.’

In other words, at a time when the need for objective knowledge concerning Islam is at a premium, many Americans are to be subliminally indoctrinated on what Islam is really about—not through Muslim theology or history, nor yet politics and current events—but rather by a ‘reality’ show of a handful of American Muslims.

One of TLC’s goals in airing this program is to show us ‘diversity’ in Islam: According to the network’s statement: ‘The families featured in the series share the same religion, but lead very distinct lives that oftentimes challenge the Muslim stereotype.’

For example, there is a girl that ‘sports piercings and tattoos’—as if the fact that a tattoo-wearing American female who identifies herself as a Muslim is supposed to tell us anything about Islam. Other characters are not so colorful, but are formulated simply to gain sympathy for Muslims: their claim to fame is that they are ‘trying to find the balance between their traditional Muslim roots and American culture,’ or working ‘tirelessly to educate … about the Muslim religion in an effort to reduce discrimination and ignorance.’

In short, through five families who supposedly represent a religion of over one billion, the show is dedicated to depicting Muslims as ‘just like us.’ Indeed, one might argue that these five families are not even representative of their own Muslim neighbors in Dearborn, chosen by the producers for having ‘one of America’s largest Muslim populations and has the largest mosque in North America.’

In fact, Dearborn is also a hotbed of Muslim extremism, where the FBI had a shoot-out in the streets with jihadists; where a former resident was indicted in a Hezbollah terror plot targeting Israel; where one American politician says Sharia law holds sway; and where a Christian preacher was threatened by shouts of ‘Allahu Akbar!’

Will these sorts of ‘diverse experiences’ find their way into the reality show?” Read more.

Somalia: Famine Has Killed More Than 29,000 Children Under Age 5 in Last 90 Days

08/04/2011 Leave a comment

By JASON STRAZIUSO – “The drought and famine in Somalia have killed more than 29,000 children under the age of 5, according to U.S. estimates, the first time such a precise death toll has been released related to the Horn of Africa crisis.

The United Nations has said previously that tens of thousands of people have died in the drought, the worst in Somalia in 60 years. The U.N. says 640,000 Somali children are acutely malnourished, a statistic that suggests the death toll of small children will rise.

Nancy Lindborg, an official with the U.S. government aid arm, told a congressional committee in Washington on Wednesday that the U.S. estimates that more than 29,000 children under the age of 5 have died in the last 90 days in southern Somalia. That number is based on nutrition and mortality surveys verified by the U.S. Centers for Disease Control and Prevention.

The U.N. on Wednesday declared three new regions in Somalia famine zones, bringing the total number to five. Out of a population of roughly 7.5 million, the U.N. says 3.2 million Somalis are in need of immediate lifesaving assistance.” Read more.

Fukushima Radiation 1,000 Times H-Bomb Peak, Japanese Air At Least 300 Times Worse Than the Air During Chernobyl

08/04/2011 Leave a comment

By Bob Nichols – “Dr. Chris Busby, world famous physicist, said tests run at the respected Harwell Radiation Laboratory in England demonstrate the airborne radiation in Japan is 1,000 times higher than radioactive “fallout” at the peak in 1963 of H-Bomb detonations by the nuclear powers. The calculations were on radioactive Cesium 137.

Busby certifies the poisonous, radioactive Japanese air to be at least 300 times worse than the air during the Chernobyl nuclear reactor disaster. Dr Janette Sherman, a highly respected physician and an acknowledged expert in radiation exposure, has estimated the world wide Chernobyl Kill to be at least one million people killed to date. The Chernobyl Disaster occurred April 26, 1986.

Dr. Busby obtained donated car air filters from vehicles in Fukushima and Chiba Prefectures as well as from Tokyo, Japan. Busby stated the radiation per cubic meter of air in Japan was calculated by knowing the size of the engines and the number of miles driven.

The estimates must be considered as conservative or low since the smallest particles go through the car air filters and emerge from the car’s exhaust. The smallest radioactive particles simply go through a human’s skin or go to the bottom of a human’s lungs and stay there. The poison radiates cells within a range extending 20 cells deep in all directions. The dead and dying or mutated cells become cancers and hundreds of other radiation related diseases…

The lethal radioactive result, or Fukushima Kill, enveloping the world is unmistakable and inevitable…” Read more.

Categories: Man-Made Disasters

Canadian Gov’t Now Admits: Japan’s Fukushima Catastrophe Bringing Massive Radiation Spikes Over Canada

08/04/2011 Leave a comment

By Alex Roslin – “After Japan’s Fukushima catastrophe, Canadian government officials reassured jittery Canadians that the radioactive plume billowing from the destroyed nuclear reactors posed zero health risks in this country.

In fact, there was reason to worry. Health Canada detected massive amounts of radioactive material from Fukushima in Canadian air in March and April at monitoring stations across the country.

The level of radioactive iodine spiked above the federal maximum allowed limit in the air at four of the five sites where Health Canada monitors levels of specific radioisotopes.

On March 18, seven days after an earthquake and tsunami triggered eventual nuclear meltdowns at the Fukushima Daiichi plant in Japan, the first radioactive material wafted over the Victoria suburb of Sidney on Vancouver Island.

For 22 days, a Health Canada monitoring station in Sidney detected iodine-131 levels in the air that were 61 percent above the government’s allowable limit. In Resolute Bay, Nunavut, the levels were 3.5 times the limit.

Meanwhile, government officials claimed there was nothing to worry about. ‘The quantities of radioactive materials reaching Canada as a result of the Japanese nuclear incident are very small and do not pose any health risk to Canadians,’ Health Canada says on its website. ‘The very slight increases in radiation across the country have been smaller than the normal day-to-day fluctuations from background radiation.’

In fact, Health Canada’s own data shows this isn’t true. The iodine-131 level in the air in Sidney peaked at 3.6 millibecquerels per cubic metre on March 20. That’s more than 300 times higher than the background level, which is 0.01 or fewer millibecquerels per cubic metre.

‘There have been massive radiation spikes in Canada because of Fukushima,’ said Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility.” Read more.

Categories: Man-Made Disasters

Lethal Levels of Radiation at Fukushima: What Are the Implications?

08/04/2011 Leave a comment

Gundersen: “Two days ago Tokyo Electric announced some really high radiation levels on the Fukushima site, and I wanted to put that into perspective [and]  let you know what I think is happening.

First off, Tokyo Electric discovered very, very high radiation in a stack which is used to vent radiation out of the plant and up into the air.  The quantity of that radiation was really, really high exposure.  It was 10 sieverts, and to convert that over into rems, which I’m used to, is a thousand rem.  Now what does that mean?  A thousand rem — or more, because the instrument went off scale — a thousand rems, if you were there for less than half an hour, would mean death within a couple days.  Those kinds of exposures cause extensive neurological breakdowns that can’t be reversed medically, so basically to be near that for any amount of time beyond a couple minutes would be a death sentence.

Now, what that means is really interesting.  This site has been extensively mapped.  There’s a map that’s current that shows many, many hot spots.  This hot spot was not discovered until just a couple days ago.  Now that could mean a couple of things …”

Categories: Man-Made Disasters

Alaska: Cleveland Volcano Lava Dome Rises, Volcanologists Elevate Alert Level

08/04/2011 Leave a comment

“A lava dome atop the massive Cleveland Volcano in Alaska’s Aleutian Islands has gotten larger in the past week, and officials keeping an eye on the restive mountain have raised eruption threat levels.

The lava dome, a viscous mass of lava belched up from inside the mountain but too thick to flow down its sides, widened by 33 feet (10 meters) over five days, to 164 feet across (50 m).

On the fifth day, Aug. 2, the Alaska Volcano Observatory raised the volcano alert level to “watch” and aviation color code to orange, the second-highest levels in each four-level scale.

‘The presence of the lava dome increases the possibility of an explosive eruption but does not necessarily indicate that one will occur,’ the latest report from the AVO stated.

The agency added that it does not anticipate any threat to air traffic from ash plumes or other airborne debris should Cleveland erupt. ‘Lava flows onto the flanks of the volcano may develop but would not be hazardous to aviation,’ the report said.

The 5,676-foot-tall (1,730 m) volcano, on the uninhabited island of Chuginadak, has erupted more than 20 times since 1828. The last eruption occurred over the course of a week in late July.

The mountain is part of the infamous Ring of Fire, a string of volcanoes strewn around the perimeter of the Pacific Ocean that produces some of the world’s most dramatic and dangerous eruptions.

The Cleveland Volcano could put on quite a show in coming days.” Read more.

Categories: Natural Disasters