Posts
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Baltic Dry Plunges 4.5%, At Lowest Level Since 2009
When we noted last night that there was a Baltic fat finger index, we thought we were joking. Appears not. The BDIY has plunged by 4.5% overnight from 1,773 to 1,693, easily the biggest one day drop in a long time. And, more importantly, the index has just taken out the 2010 lows hit on July 15, when the BDIY last traded at 1,700..."
See:
http://www.zerohedge.com/article/baltic-dry-plunges-45-lowest-level-2009
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Tuesday, January 4, 2011
Monday, January 3, 2011
Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order
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Believe it or not, Soros is a relatively 'small player' in the evil actions of the Illuminati. Does that tell you how wealthy the 'big players' are? Further, as is ponted out in the article below, the Beast Like a Leopard prefers to operate in the shadows, and do not care for Soros' drawing attention to their machinations.
In the video you are about to see, George Soros talks about "the creation of a New World Order", he discusses the need for a "managed decline" of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire "philanthropist" who came to be known as "the Man Who Broke the Bank of England" when he raked in a staggering one billion dollars during the 1992 "Black Wednesday" currency crisis. These days Soros is most famous for being perhaps the most "politically active" (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately $600 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few "revolutions" around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.
So exactly what is it that George Soros is trying to accomplish? Well, in a nutshell, what he wants is a Big Brother-style one world government based on extreme European-style socialism, strict population control and the radical green agenda. It would be a world where the state tightly regulates everything that we do for the greater benefit of the environment and of society as a whole.
However, Soros is not the "mastermind of the New World Order" that some have tried to make him out to be. The truth is that to those in the international banking elite, Soros is considered to be something of a "black sheep" and an "outsider". Much of what Soros is trying to accomplish lines up with the goals of the international banking elite, but what they don't like is that Soros won't stop publicly talking about a global currency and a "New World Order". Of course the international banking elite very much want a global currency and a "New World Order", but what they don't need is a "squeaky wheel" like Soros running around drawing unneeded attention to those goals.
Also, Soros does not seem to understand that both sides of the political spectrum in the United States are deeply influenced by the international banking elite. Sadly, the truth is that the same handful of elitist organizations has dominated the cabinets of every single president that we have had since World War II. If you doubt this, just check out how many members of each presidential administration over the last 40 years have belonged to either the Council on Foreign Relations, the Trilateral Commission or the Bilderberg Group. If you have never looked into this before, you will be absolutely shocked. No matter what president we elect, it is always the exact same organizations that always dominate their cabinets...
...So what is George Soros thinking about these days? Well, in the video posted below you will see Soros discussing "an orderly decline" of the U.S. dollar, the coming global currency and the importance of the New World Order...."
See:
http://theeconomiccollapseblog.com/archives/george-soros-the-united-states-must-stop-resisting-the-orderly-decline-of-the-dollar-the-coming-global-currency-and-the-new-world-order
Video of Soros' interview:
http://www.youtube.com/watch?v=Ki4cqqMZ7JE&feature=player_embedded#!
.
Believe it or not, Soros is a relatively 'small player' in the evil actions of the Illuminati. Does that tell you how wealthy the 'big players' are? Further, as is ponted out in the article below, the Beast Like a Leopard prefers to operate in the shadows, and do not care for Soros' drawing attention to their machinations.
In the video you are about to see, George Soros talks about "the creation of a New World Order", he discusses the need for a "managed decline" of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire "philanthropist" who came to be known as "the Man Who Broke the Bank of England" when he raked in a staggering one billion dollars during the 1992 "Black Wednesday" currency crisis. These days Soros is most famous for being perhaps the most "politically active" (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately $600 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few "revolutions" around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.
So exactly what is it that George Soros is trying to accomplish? Well, in a nutshell, what he wants is a Big Brother-style one world government based on extreme European-style socialism, strict population control and the radical green agenda. It would be a world where the state tightly regulates everything that we do for the greater benefit of the environment and of society as a whole.
However, Soros is not the "mastermind of the New World Order" that some have tried to make him out to be. The truth is that to those in the international banking elite, Soros is considered to be something of a "black sheep" and an "outsider". Much of what Soros is trying to accomplish lines up with the goals of the international banking elite, but what they don't like is that Soros won't stop publicly talking about a global currency and a "New World Order". Of course the international banking elite very much want a global currency and a "New World Order", but what they don't need is a "squeaky wheel" like Soros running around drawing unneeded attention to those goals.
Also, Soros does not seem to understand that both sides of the political spectrum in the United States are deeply influenced by the international banking elite. Sadly, the truth is that the same handful of elitist organizations has dominated the cabinets of every single president that we have had since World War II. If you doubt this, just check out how many members of each presidential administration over the last 40 years have belonged to either the Council on Foreign Relations, the Trilateral Commission or the Bilderberg Group. If you have never looked into this before, you will be absolutely shocked. No matter what president we elect, it is always the exact same organizations that always dominate their cabinets...
...So what is George Soros thinking about these days? Well, in the video posted below you will see Soros discussing "an orderly decline" of the U.S. dollar, the coming global currency and the importance of the New World Order...."
See:
http://theeconomiccollapseblog.com/archives/george-soros-the-united-states-must-stop-resisting-the-orderly-decline-of-the-dollar-the-coming-global-currency-and-the-new-world-order
Video of Soros' interview:
http://www.youtube.com/watch?v=Ki4cqqMZ7JE&feature=player_embedded#!
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Sunday, January 2, 2011
Chinese Economy is in Stormy Waters
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Heavily invested into US Dollar investments - many of which are of dubious value -- the Chinese have imported the US inflationary rate as a result of the tanking dollar. Look for the Chinese to continue to dump the dollar into commodities (e.g. precious metals), and to nationalize US interests in China in the days to come.
China's credit bubble on borrowed time as inflation bites
The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011. This is a new twist.
05 Dec 2010
It warns that the Communist Party will have to puncture the credit bubble before inflation reaches levels that threaten social stability. This in turn may open a can of worms.
"Many see China’s monetary tightening as a pre-emptive tap on the brakes, a warning shot across the proverbial economic bows. We see it as a potentially more malevolent reactive day of reckoning," said Tim Ash, the bank’s emerging markets chief.
Officially, inflation was 4.4pc in October, and may reach 5pc in November, but it is to hard find anybody in China who believes it is that low. Vegetables have risen 20pc in a month.
The Communist Party learned from Tiananmen in 1989 how surging prices can seed dissent. "Inflation is a redistributive mechanism in favour of the few that can protect living standards, against the large majority who cannot. The political leadership cannot, will not, take risks in that regard," said Mr Ash.
RBS recommends credit default swaps on China’s five-year debt. This is not a forecast that China will default. It is insurance against the "fat tail risk" of a hard landing, with ramifications across Asia.
The Politburo said on Friday that China would move from "relatively loose" money to a "prudent" policy next year, a recognition that credit rationing, price controls, and other forms of Medieval restraint are not enough. The question is whether Beijing has already left it too late.
Diana Choyleva from Lombard Street Research said the money supply rose at a 40pc rate in 2009 and the first half of 2010 as Beijing stoked an epic credit boom to keep uber-growth alive, but the costs of this policy now outweigh the benefits.
The economy is entering the ugly quadrant of cycle – stagflation – where credit-pumping leaks into speculation and price spirals, even as growth slows. Citigroup’s Minggao Shen said it now takes a rise of ¥1.84 in the M2 money supply to generate just one yuan of GDP growth, up from ¥1.30 earlier this decade.
The froth is going into property. Experts argue heatedly over whether or not China has managed to outdo America’s subprime bubble, or even match the Tokyo frenzy of late 1980s. The IMF straddles the two.
It concluded in a report last week that there was no nationwide bubble but that home prices in Shenzen, Shanghai, Beijing, and Nanjing seem "increasingly disconnected from fundamentals".
Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo. The US bubble peaked at 6.4 and has since dropped 4.7. The price-to-rent ratio in China’s eastern cities has risen by over 200pc since 2004
The IMF said land sales make up 30pc of local government revenue in Beijing. This has echoes of Ireland where "fair weather" property taxes disguised the erosion of state finances.
Ms Choyleva said China drew a false conclusion from the global credit crisis that their top-down economy trumps the free market, failing to see that the events of 2008-2009 did equally great damage to them – though of a different kind. It closed the door on mercantilist export strategies that depend on cheap loans, a cheap currency, and the willingness of the West to tolerate predatory trade.
China is trying to keep the game going as if nothing has changed, but cannot do so. It dares not raise rates fast enough to let air out of the bubble because this would expose the bad debts of the banking system. The regime is stymied.’’”
See:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8182605/Chinas-credit-bubble-on-borrowed-time-as-inflation-bites.html
Master Lock reassessing China
Milwaukee-based company finds it can compete better from U.S. soil
January 1, 2011
It all sounds depressingly familiar: Master Lock Co., in the throes of a restructuring and under shareholder pressure to control costs, has been shipping jobs halfway around the world.
"We're strategically going at it, when it makes sense, where it makes sense," said Master Lock senior vice president Bob Rice.
In a new twist, however, it's China where Master Lock's costs are rising disruptively. The company has responded by pulling production back to Milwaukee, where the manufacturer of iconic padlocks was founded in 1921.
Master Lock and other companies have begun to reassess China:
Labor unrest rippling across China is pushing wages higher in a nation with • a supposedly inexhaustible supply of cheap workers. Thirty provinces have raised their minimum wages in the past year, some more than 20%.
Further inflating prices of Chinese imports, Beijing engineered a 20% • weakening of the dollar against the yuan in the last five years, bending to pressure from Washington, which bristles at China's tight control over its exchange rate.
Shipping rates from Chinese ports spiked fourfold in the 12 months through • August to their highest levels in maritime history, according to Universal Cargo Management Inc. in Los Angeles.
Master Lock was bringing work back to Milwaukee during the recession, Rice said.
The company's flagship industrial campus, with nearly seven football fields of unionized factory floor space, is at capacity for the first time in 15 years.
"We're not done yet," said Rice, echoing economists and trade officials who expect Chinese wages to rise further as the dollar continues to fall.
Whether it's called near-sourcing, on-shoring or re-shoring, America's outsourcing infatuation with China has cooled a few degrees...”
See:
http://www.jsonline.com/business/112759524.html
.
Heavily invested into US Dollar investments - many of which are of dubious value -- the Chinese have imported the US inflationary rate as a result of the tanking dollar. Look for the Chinese to continue to dump the dollar into commodities (e.g. precious metals), and to nationalize US interests in China in the days to come.
China's credit bubble on borrowed time as inflation bites
The Royal Bank of Scotland has advised clients to take out protection against the risk of a sovereign default by China as one of its top trade trades for 2011. This is a new twist.
05 Dec 2010
It warns that the Communist Party will have to puncture the credit bubble before inflation reaches levels that threaten social stability. This in turn may open a can of worms.
"Many see China’s monetary tightening as a pre-emptive tap on the brakes, a warning shot across the proverbial economic bows. We see it as a potentially more malevolent reactive day of reckoning," said Tim Ash, the bank’s emerging markets chief.
Officially, inflation was 4.4pc in October, and may reach 5pc in November, but it is to hard find anybody in China who believes it is that low. Vegetables have risen 20pc in a month.
The Communist Party learned from Tiananmen in 1989 how surging prices can seed dissent. "Inflation is a redistributive mechanism in favour of the few that can protect living standards, against the large majority who cannot. The political leadership cannot, will not, take risks in that regard," said Mr Ash.
RBS recommends credit default swaps on China’s five-year debt. This is not a forecast that China will default. It is insurance against the "fat tail risk" of a hard landing, with ramifications across Asia.
The Politburo said on Friday that China would move from "relatively loose" money to a "prudent" policy next year, a recognition that credit rationing, price controls, and other forms of Medieval restraint are not enough. The question is whether Beijing has already left it too late.
Diana Choyleva from Lombard Street Research said the money supply rose at a 40pc rate in 2009 and the first half of 2010 as Beijing stoked an epic credit boom to keep uber-growth alive, but the costs of this policy now outweigh the benefits.
The economy is entering the ugly quadrant of cycle – stagflation – where credit-pumping leaks into speculation and price spirals, even as growth slows. Citigroup’s Minggao Shen said it now takes a rise of ¥1.84 in the M2 money supply to generate just one yuan of GDP growth, up from ¥1.30 earlier this decade.
The froth is going into property. Experts argue heatedly over whether or not China has managed to outdo America’s subprime bubble, or even match the Tokyo frenzy of late 1980s. The IMF straddles the two.
It concluded in a report last week that there was no nationwide bubble but that home prices in Shenzen, Shanghai, Beijing, and Nanjing seem "increasingly disconnected from fundamentals".
Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo. The US bubble peaked at 6.4 and has since dropped 4.7. The price-to-rent ratio in China’s eastern cities has risen by over 200pc since 2004
The IMF said land sales make up 30pc of local government revenue in Beijing. This has echoes of Ireland where "fair weather" property taxes disguised the erosion of state finances.
Ms Choyleva said China drew a false conclusion from the global credit crisis that their top-down economy trumps the free market, failing to see that the events of 2008-2009 did equally great damage to them – though of a different kind. It closed the door on mercantilist export strategies that depend on cheap loans, a cheap currency, and the willingness of the West to tolerate predatory trade.
China is trying to keep the game going as if nothing has changed, but cannot do so. It dares not raise rates fast enough to let air out of the bubble because this would expose the bad debts of the banking system. The regime is stymied.’’”
See:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8182605/Chinas-credit-bubble-on-borrowed-time-as-inflation-bites.html
Master Lock reassessing China
Milwaukee-based company finds it can compete better from U.S. soil
January 1, 2011
It all sounds depressingly familiar: Master Lock Co., in the throes of a restructuring and under shareholder pressure to control costs, has been shipping jobs halfway around the world.
"We're strategically going at it, when it makes sense, where it makes sense," said Master Lock senior vice president Bob Rice.
In a new twist, however, it's China where Master Lock's costs are rising disruptively. The company has responded by pulling production back to Milwaukee, where the manufacturer of iconic padlocks was founded in 1921.
Master Lock and other companies have begun to reassess China:
Labor unrest rippling across China is pushing wages higher in a nation with • a supposedly inexhaustible supply of cheap workers. Thirty provinces have raised their minimum wages in the past year, some more than 20%.
Further inflating prices of Chinese imports, Beijing engineered a 20% • weakening of the dollar against the yuan in the last five years, bending to pressure from Washington, which bristles at China's tight control over its exchange rate.
Shipping rates from Chinese ports spiked fourfold in the 12 months through • August to their highest levels in maritime history, according to Universal Cargo Management Inc. in Los Angeles.
Master Lock was bringing work back to Milwaukee during the recession, Rice said.
The company's flagship industrial campus, with nearly seven football fields of unionized factory floor space, is at capacity for the first time in 15 years.
"We're not done yet," said Rice, echoing economists and trade officials who expect Chinese wages to rise further as the dollar continues to fall.
Whether it's called near-sourcing, on-shoring or re-shoring, America's outsourcing infatuation with China has cooled a few degrees...”
See:
http://www.jsonline.com/business/112759524.html
.
Campi Flegrei: The Supervolcano that Threatens All Europe
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Vesuvius's big daddy: The supervolcano that threatens all life in Europe
2nd January 2011
Two thousand years ago Mount Vesuvius destroyed Pompeii. Today, a larger, far more deadly supervolcano lurks on the other side of Naples. If it erupts, Campi Flegrei could wipe out all life in Europe. So why are British scientists battling the Italians for the right to poke at it with drilling rods?
NAPLES, ITALY, THE NEAR FUTURE
It begins with a swarm of 1,000 small earthquakes that ripple under the pavements of Naples. Air-conditioning units fall from the sides of buildings and tiles slip from the walls. Inside the National Institute of Geophysics and Volcanology’s control centre, a bank of screens indicates that the quakes aren’t being generated by the giant Mount Vesuvius, which looms over the city.
These quakes are coming from something far bigger, from one of the largest and most dangerous volcanoes in the world: the Campi Flegrei caldera. Vesuvius, which destroyed the Roman city of Pompeii, incinerating and suffocating thousands, is nothing more than a pimple on the back of the sleeping dragon of Campi Flegrei, an active four-mile-wide sunken volcano. A call is quickly put through to Civil Defence and the Italian Ministry of the Interior: the city must be evacuated immediately.
A short distance away, the ground around the ancient town of Pozzuoli is stretching, swelling, doming. Fumaroles – vents emitting columns of steam rich in CO2 – open up in the broken Tarmac. Four-and-a-half miles below the surface a bolt of magma has escaped the main reservoir and is rising upwards, changing and solidifying. As it reaches groundwater, it’s converted into a sponge-like stone. As the water boils away it feeds critical amounts of gas into the sponge, and the pressure builds until finally it explodes like a malfunctioning boiler.
Hundreds of billions of cubic feet of volcanic rock blasts up into the atmosphere: an explosion 200 times greater than that of the Icelandic Eyjafjallajökull volcano, which brought chaos to Europe, grounded planes in the UK for a week and is said to have cost the world economy in excess of £3 billion.
Back on the streets of Naples, it’s too late to run. Bumper-to-bumper traffic comes to a halt as drivers grind on their horns. They watch helplessly as a boiling black cloud of hot gas and rock rolls over the horizon at hurricane speed, suffocating everything in its path. In this area inhabited by millions, built in one of the most dangerous volcanic regions on earth, all life is over.
The Campi Flegrei caldera is a supervolcano. Although there’s no picture-postcard volcanic cone, hidden beneath the seemingly placid landscape lies a volcano of immense power. While a new eruption here would be more likely to result in the creation of another Vesuvius-like cone, the worst-case scenario could see it obliterating much of life in Europe.
In this eventuality the Earth’s surface would swell and crack and a series of small eruptions would cause the four-mile-wide caldera floor to collapse into the larger magma reservoir, which would in turn push more magma to the surface.
The last time the ground gave way like this, 39,000 years ago when the caldera was formed, it created the cliffs that the postcard town of Sorrento stands on now – volcanic deposits over 300ft deep. If the same kind of eruption happened today, this part of Italy could cease to exist, and the ash clouds would blot out the Sun and lower the Earth’s temperature. Life in the UK as we know it would end. We would lose our livestock, crops and three-quarters of our plant species, plunging us into a new dark age of rioting, starvation and perpetual winter.
Now an international team, including scientists from the UK, wants to drill down inside the caldera to try to better understand exactly why part of it has risen 10ft since 1969. The area at the epicentre of the swelling has seen whole streets of houses crumble and collapse. The threat is imminent. The last time the ground rose like this (between 1430 and 1538) there was an eruption that caused the formation of a new volcano.
Key to the operation is British volcanologist Chris Kilburn, from University College London, who lived in Naples for 20 years. He’s part of a long tradition of UK volcanology, which stretches back to the grand tour of the 18th century, when Sir William Hamilton provided some of the first scientific observations of Vesuvius. The UCL group are now world leaders in rock physics – especially in understanding how the Earth’s crust deforms and breaks – which makes Kilburn a vital member of the drilling team.
‘Right now we may well be in another period of uplift,’ he says. ‘If it occurs as before, we might expect another 60 years’ worth of unrest, and possible earthquakes and eruptions, with two or three more episodes and uplift to occur in the next ten years. We have to presume we have a few more decades of unrest, and if this is going to be the case, then we have to get more data about the volcano now.’
Kilburn and the other scientists’ work may well be crucial if the people of Naples – and the rest of Europe – are to avoid another Pompeii scenario. Yet despite the urgency, the mayor of Naples has just dramatically halted the project. Drilling was to begin this month on the site of the old Bagnoli steel mill, on the eastern part of the caldera, but was stopped following the very public objections of a sole local scientist, who has warned that the drilling itself could actually trigger an explosion that could destroy the city.
The people of Naples seem to be damned if they do and damned if they don’t, but is it really possible that one simple drill hole could cause an eruption that could end life as we know it in Europe? …
…The only thing standing between the 25-strong team of scientists from the ICDP and the pilot hole they need to drill are the complaints of a solitary scientist, geochemist Benedetto De Vivo. Though his arguments aren’t well supported by the wider scientific community, De Vivo maintains that even a 1,700ft-deep pilot hole could wipe out Naples, and his fears of catastrophe have been widely publicised in the Italian press. Fearing a public backlash, the mayor of Naples has delayed the start of drilling on the site in Bagnoli pending further technical reports.
I ask De Vivo if he really thinks the drilling would cause an eruption. ‘The drilling could cause an explosion – not an eruption – caused by the supercritical fluids, and could trigger small-magnitude earthquakes. This has already happened in other similar projects in other parts of the world.’…”
See:
http://www.dailymail.co.uk/home/moslive/article-1342820/Vesuviuss-big-daddy-supervolcano-Campi-Flegrei-near-Naples-threatens-Europe.html
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Vesuvius's big daddy: The supervolcano that threatens all life in Europe
2nd January 2011
Two thousand years ago Mount Vesuvius destroyed Pompeii. Today, a larger, far more deadly supervolcano lurks on the other side of Naples. If it erupts, Campi Flegrei could wipe out all life in Europe. So why are British scientists battling the Italians for the right to poke at it with drilling rods?
NAPLES, ITALY, THE NEAR FUTURE
It begins with a swarm of 1,000 small earthquakes that ripple under the pavements of Naples. Air-conditioning units fall from the sides of buildings and tiles slip from the walls. Inside the National Institute of Geophysics and Volcanology’s control centre, a bank of screens indicates that the quakes aren’t being generated by the giant Mount Vesuvius, which looms over the city.
These quakes are coming from something far bigger, from one of the largest and most dangerous volcanoes in the world: the Campi Flegrei caldera. Vesuvius, which destroyed the Roman city of Pompeii, incinerating and suffocating thousands, is nothing more than a pimple on the back of the sleeping dragon of Campi Flegrei, an active four-mile-wide sunken volcano. A call is quickly put through to Civil Defence and the Italian Ministry of the Interior: the city must be evacuated immediately.
A short distance away, the ground around the ancient town of Pozzuoli is stretching, swelling, doming. Fumaroles – vents emitting columns of steam rich in CO2 – open up in the broken Tarmac. Four-and-a-half miles below the surface a bolt of magma has escaped the main reservoir and is rising upwards, changing and solidifying. As it reaches groundwater, it’s converted into a sponge-like stone. As the water boils away it feeds critical amounts of gas into the sponge, and the pressure builds until finally it explodes like a malfunctioning boiler.
Hundreds of billions of cubic feet of volcanic rock blasts up into the atmosphere: an explosion 200 times greater than that of the Icelandic Eyjafjallajökull volcano, which brought chaos to Europe, grounded planes in the UK for a week and is said to have cost the world economy in excess of £3 billion.
Back on the streets of Naples, it’s too late to run. Bumper-to-bumper traffic comes to a halt as drivers grind on their horns. They watch helplessly as a boiling black cloud of hot gas and rock rolls over the horizon at hurricane speed, suffocating everything in its path. In this area inhabited by millions, built in one of the most dangerous volcanic regions on earth, all life is over.
The Campi Flegrei caldera is a supervolcano. Although there’s no picture-postcard volcanic cone, hidden beneath the seemingly placid landscape lies a volcano of immense power. While a new eruption here would be more likely to result in the creation of another Vesuvius-like cone, the worst-case scenario could see it obliterating much of life in Europe.
In this eventuality the Earth’s surface would swell and crack and a series of small eruptions would cause the four-mile-wide caldera floor to collapse into the larger magma reservoir, which would in turn push more magma to the surface.
The last time the ground gave way like this, 39,000 years ago when the caldera was formed, it created the cliffs that the postcard town of Sorrento stands on now – volcanic deposits over 300ft deep. If the same kind of eruption happened today, this part of Italy could cease to exist, and the ash clouds would blot out the Sun and lower the Earth’s temperature. Life in the UK as we know it would end. We would lose our livestock, crops and three-quarters of our plant species, plunging us into a new dark age of rioting, starvation and perpetual winter.
Now an international team, including scientists from the UK, wants to drill down inside the caldera to try to better understand exactly why part of it has risen 10ft since 1969. The area at the epicentre of the swelling has seen whole streets of houses crumble and collapse. The threat is imminent. The last time the ground rose like this (between 1430 and 1538) there was an eruption that caused the formation of a new volcano.
Key to the operation is British volcanologist Chris Kilburn, from University College London, who lived in Naples for 20 years. He’s part of a long tradition of UK volcanology, which stretches back to the grand tour of the 18th century, when Sir William Hamilton provided some of the first scientific observations of Vesuvius. The UCL group are now world leaders in rock physics – especially in understanding how the Earth’s crust deforms and breaks – which makes Kilburn a vital member of the drilling team.
‘Right now we may well be in another period of uplift,’ he says. ‘If it occurs as before, we might expect another 60 years’ worth of unrest, and possible earthquakes and eruptions, with two or three more episodes and uplift to occur in the next ten years. We have to presume we have a few more decades of unrest, and if this is going to be the case, then we have to get more data about the volcano now.’
Kilburn and the other scientists’ work may well be crucial if the people of Naples – and the rest of Europe – are to avoid another Pompeii scenario. Yet despite the urgency, the mayor of Naples has just dramatically halted the project. Drilling was to begin this month on the site of the old Bagnoli steel mill, on the eastern part of the caldera, but was stopped following the very public objections of a sole local scientist, who has warned that the drilling itself could actually trigger an explosion that could destroy the city.
The people of Naples seem to be damned if they do and damned if they don’t, but is it really possible that one simple drill hole could cause an eruption that could end life as we know it in Europe? …
…The only thing standing between the 25-strong team of scientists from the ICDP and the pilot hole they need to drill are the complaints of a solitary scientist, geochemist Benedetto De Vivo. Though his arguments aren’t well supported by the wider scientific community, De Vivo maintains that even a 1,700ft-deep pilot hole could wipe out Naples, and his fears of catastrophe have been widely publicised in the Italian press. Fearing a public backlash, the mayor of Naples has delayed the start of drilling on the site in Bagnoli pending further technical reports.
I ask De Vivo if he really thinks the drilling would cause an eruption. ‘The drilling could cause an explosion – not an eruption – caused by the supercritical fluids, and could trigger small-magnitude earthquakes. This has already happened in other similar projects in other parts of the world.’…”
See:
http://www.dailymail.co.uk/home/moslive/article-1342820/Vesuviuss-big-daddy-supervolcano-Campi-Flegrei-near-Naples-threatens-Europe.html
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7.1 Quake in Chile
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Major 7.1 Magnitude Earthqake Hits Chile
SANTIAGO, Chile — A magnitude-7.1 earthquake shook southern Chile on Sunday, prompting tens of thousands to flee the coast for higher ground amid fears it could generate a tsunami like the one that ravaged the area last year.
There were no reports of deaths or damage, and Vicente Nunez, head of the National Emergency Office, said no tsunami alert was issued.
"There has been no harm to people, no harm to property," Nunez said. "We will continue monitoring."
The Pacific Tsunami Warning Center in Hawaii also said a destructive Pacific Ocean-wide tsunami was not expected...."
See:
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/285_-40.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/usc0000y49.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/285_-40.php
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Major 7.1 Magnitude Earthqake Hits Chile
SANTIAGO, Chile — A magnitude-7.1 earthquake shook southern Chile on Sunday, prompting tens of thousands to flee the coast for higher ground amid fears it could generate a tsunami like the one that ravaged the area last year.
There were no reports of deaths or damage, and Vicente Nunez, head of the National Emergency Office, said no tsunami alert was issued.
"There has been no harm to people, no harm to property," Nunez said. "We will continue monitoring."
The Pacific Tsunami Warning Center in Hawaii also said a destructive Pacific Ocean-wide tsunami was not expected...."
See:
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/285_-40.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/usc0000y49.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/285_-40.php
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Saturday, January 1, 2011
21 Egyptian Christians Murdered While at Church
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The New World Order (One-World Government) can neither co-exist with any Superpowers, nor strong nationalistic armies, navies or air forces throughout the world.
The Illuminati’s forthcoming orchestrated world war will be a gruesome war....a war in which the world population will be decreased significantly.....a war in which all strong nationalistic armies, navies and air forces will be decimated.....all that is, except that of NATO. We have been told via the prophetic messages via John Leary (yet-to-be-approved), that NATO will become the military of the United Nations. Further, that initially the Antichrist will rule over the European Union; and later the United Nations and the then established one-world government. Hence, NATO will become the military of the Antichrist and his one-world government.
The Illuminati have been delaying their orchestrated world war for years in an effort to buy time for Iran, Syria and China to militarize.
It is now apparent that they have given the green light to their Muslim operatives to escalate persecution of Christians.
Please pray for our Christian brothers and sisters!
We shall soon join them.
Suspected suicide bomber kills 21 at Egypt church
Jan 1, 2011
ALEXANDRIA, Egypt (Reuters) - A bomb killed at least 21 people outside a church in the Egyptian city of Alexandria early on New Year's Day and the Interior Ministry said a foreign-backed suicide bomber may have been responsible.
Dozens of people were wounded by the blast, which scattered body parts, destroyed cars and smashed windows. The attack prompted Christians to protest on the streets, and some Christians and Muslims hurled stones at each other.
Egypt has stepped up security around churches, banning cars from parking outside them, since an al Qaeda-linked group in Iraq issued a threat against the Church in Egypt in November.
Egypt's leaders were quick to call for unity, wary of any upsurge in sectarian strife or other tension as the country approaches a presidential election due in September amid some uncertainty about whether President Hosni Mubarak, 82, will run.
Mubarak promised in a televised address that terrorists would not destabilize Egypt or divide Christians and Muslims. He said the attack "carries evidence of the involvement of foreign fingers" and vowed to pursue the perpetrators.
See:
http://www.reuters.com/article/idUSTRE6BU2VR20110101
Iraqi Christian Persecution Continues - Where is the Uproar?
http://era-of-peace.blogspot.com/2010/12/iraqi-christian-pesecution-continues.html
Ezekiel 38: The Stage is Set
http://groups.yahoo.com/group/era-of-peace/message/416
.
The New World Order (One-World Government) can neither co-exist with any Superpowers, nor strong nationalistic armies, navies or air forces throughout the world.
The Illuminati’s forthcoming orchestrated world war will be a gruesome war....a war in which the world population will be decreased significantly.....a war in which all strong nationalistic armies, navies and air forces will be decimated.....all that is, except that of NATO. We have been told via the prophetic messages via John Leary (yet-to-be-approved), that NATO will become the military of the United Nations. Further, that initially the Antichrist will rule over the European Union; and later the United Nations and the then established one-world government. Hence, NATO will become the military of the Antichrist and his one-world government.
The Illuminati have been delaying their orchestrated world war for years in an effort to buy time for Iran, Syria and China to militarize.
It is now apparent that they have given the green light to their Muslim operatives to escalate persecution of Christians.
Please pray for our Christian brothers and sisters!
We shall soon join them.
Suspected suicide bomber kills 21 at Egypt church
Jan 1, 2011
ALEXANDRIA, Egypt (Reuters) - A bomb killed at least 21 people outside a church in the Egyptian city of Alexandria early on New Year's Day and the Interior Ministry said a foreign-backed suicide bomber may have been responsible.
Dozens of people were wounded by the blast, which scattered body parts, destroyed cars and smashed windows. The attack prompted Christians to protest on the streets, and some Christians and Muslims hurled stones at each other.
Egypt has stepped up security around churches, banning cars from parking outside them, since an al Qaeda-linked group in Iraq issued a threat against the Church in Egypt in November.
Egypt's leaders were quick to call for unity, wary of any upsurge in sectarian strife or other tension as the country approaches a presidential election due in September amid some uncertainty about whether President Hosni Mubarak, 82, will run.
Mubarak promised in a televised address that terrorists would not destabilize Egypt or divide Christians and Muslims. He said the attack "carries evidence of the involvement of foreign fingers" and vowed to pursue the perpetrators.
See:
http://www.reuters.com/article/idUSTRE6BU2VR20110101
Iraqi Christian Persecution Continues - Where is the Uproar?
http://era-of-peace.blogspot.com/2010/12/iraqi-christian-pesecution-continues.html
Ezekiel 38: The Stage is Set
http://groups.yahoo.com/group/era-of-peace/message/416
.
7.0 Quake in Argentina
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7.0 Quake - SANTIAGO DEL ESTERO, ARGENTINA
http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/usc0000xky.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/295_-25.php
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7.0 Quake - SANTIAGO DEL ESTERO, ARGENTINA
http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/usc0000xky.php
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/295_-25.php
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