Category Archives: Economic Affairs

American Scholar of Russian Studies Stephen Cohen: NATO games in Ukraine bring world 5 minutes before nuclear midnight

In a thought provoking interview on RT, with renound American scholar of Russian studies Stephen Cohen, who is also a professor at New York University and Princeton discusses where the war in eastern Ukraine may lead.

It has now been six months into this roiling conflict that began back in April of this year which has displaced over 1 million people and taken nearly 4,000 lives in the region.

The West and Russia can’t seem to get over their differences, with the tensions between Washington and the Kremlin changing the stakes for the whole world. How far would this confrontation go? Is there another Cold War coming? And finally, will the world once again know the horror of a Nuclear War looming over humanity? RT’s Sophie&Co today asked Stephen Cohen these questions on Friday, October 10th, 2014.

Ron Paul Bids Farwell to Congress in a Powerful Speech For Liberty

Ron Paul

Ron Paul (Photo credit: Gage Skidmore)

This past Wednesday Congressman Ron Paul of Texas gave his farewell speech to Congress with heavy words of what is needed to revitalize our liberties as men and women for freedom. At the same time the stock market has been contracting throughout the month with many financial analysts speculating  a stock market crash, or at the very least a minor market correction. The latter possibility could surpass the 2008 recession market correction where many people lost 30% of their 401k’s and portfolios. With European austerity protests and public disputes over how to handle Greece becoming more volatile,  the threat of tax hikes (fiscal cliff) under the Obama administration on dividends and capital gains further strangling the middle class, the question of whether the Fed is actually doing the U.S. a service with QE3? and the  recent news that 40 states now have filed for secession from the Union has to make you wonder what has brought us to this point? Ron Paul’s farewell speech reveals the state of the crisis we face pretty clearly.

Ron Paul said this in reference to the liberties our founding fathers warned us of losing.

“After over 100 years we face a society quite different from the one that was intended by the Founders.  In many ways their efforts to protect future generations with the Constitution from this danger has failed.  Skeptics, at the time the Constitution was written in 1787, warned us of today’s possible outcome.  The insidious nature of the erosion of our liberties and the reassurance our great abundance gave us, allowed the process to evolve into the dangerous period in which we now live.”

In regards to the ever burgeoning size of the Federal Government he comments:

Today we face a dependency on government largesse for almost every need.  Our liberties are restricted and government operates outside the rule of law, protecting and rewarding those who buy or coerce government into satisfying their demands. Here are a few examples:

  • Undeclared wars are commonplace.
  • The economy is overregulated, overtaxed and grossly distorted by a deeply flawed monetary system.
  • Debt is growing exponentially.
  • The Patriot Act and FISA legislation passed without much debate have resulted in a steady erosion of our 4th Amendment rights.
  • Tragically our government engages in preemptive war, otherwise known as aggression, with no complaints from the American people.
  • The drone warfare we are pursuing worldwide is destined to end badly for us as the hatred builds for innocent lives lost and the international laws flaunted. Once we are financially weakened and militarily challenged, there will be a lot resentment thrown our way.
  • It’s now the law of the land that the military can arrest American citizens, hold them indefinitely, without charges or a trial.
  • Rampant hostility toward free trade is supported by a large number in Washington.
  • Supporters of sanctions, currency manipulation and WTO trade retaliation, call the true free traders “isolationists.”
  • Sanctions are used to punish countries that don’t follow our orders.
  • Bailouts and guarantees for all kinds of misbehavior are routine.
  • Central economic planning through monetary policy, regulations and legislative mandates has been an acceptable policy.

Patience Wearing Thin In The Wake of Superstorm Sandy

Now into  day five, Friday of the aftermath of Superstorm Sandy’s direct hit on the Northeastern United States and still millions are without power.The system was so large, its tropical storm force winds (39-73mph) went almost 1000 miles from its center. From its origins in the Caribbean as Tropical Depression 18, on October22 to Sandy covering not only the Eastern seaboard but reaching inland to the Great Lakes with reports of 15 to 20-foot waves on Lake Michigan only seven days later. Sandy may go down as the fourth costliest storm in U.S. History with, damage estimates totaling 50 billion dollars.

A satellite picture of Superstorm  Sandy on October 28th, just 24 hours before its fateful landfall on October 29th, 2012 when it marched ashore near Atlantic City New Jersey with winds of 90mph.

An estimated 4.1 million households and businesses

remained without power across the Northeast — an estimated 530,000 of them in New York — and authorities warned it could take a week or more to restore electricity for many. ABC News reported Con Ed expects to have all power restored in Manhattan by Saturday.

Looking at pictures of the devastation reveals the sheer power of the storms surge in places like Rockaway Beach New York or Atlantic City New Jersey. A record 14 foot surge combined with the new moon tides attributed to the flood damage in parts of Manhattan, New York.

Adding insult to injury in the clean up rescue and recovery efforts, The National Weather Service said Thursday a nor’easter could develop next week over the mid-Atlantic states into New England.

Superstorm Sandy led to power failures in at least 17 states. 95 U.S. deaths are attributed to Sandy with 67 dead in the Caribbean and two confirmed dead in Canada. At least 41 people were killed in New York City. At least 13 people died in New Jersey, and officials said they feared the toll would rise as additional home searches were conducted. Besides New York City and New Jersey other deaths are in:

  • Maryland: 11
  • Rest of New York state: 8
  • Pennsylvania: 7
  • West Virginia: 6
  • Connecticut: 4
  • North Carolina: 2
  • Puerto Rico: 1

Subways and buses rolled again in some parts of New York City Thursday and mandatory water restrictions were in effect across New Jersey after Sandy.The stock market reopened Wednesday, but normalcy is not back by any stretch of the imagination across parts of the Mid-Atlantic and Northeast.

The White House announced Secretary of Homeland Security Janet Napolitano will travel to Connecticut and New York to meet with state and local officials, and inspect response and recovery operations.

The storm sparked a fire that took down dozens of homes in Breezy Point, Queens. Mayor Bloomberg said more than 80 homes were destroyed by the overnight blaze that hundreds of firefighters struggled to contain on the western edge of the Rockaway peninsula.

Meanwhile with November 6th Presidential Elections around the corner election officials were ordering generators, moving voting locations and figuring out how to transport poll workers displaced from coastal areas as Tuesday’s presidential election became the latest challenge for states whacked by Superstorm Sandy.

New York Governor Andrew Cuomo says New York’s trains and subways have been recovering from Superstorm Sandy surprisingly quickly.

Still, frustration is building in the region amid gas lines, food lines, ongoing power outages and even some reports of looting.

Washington Institute For New East Policy Suggest how to Instigate a War With Iran

The interesting aspect about this discussion by the Washington Institute For New East Policy, a Neocon (Globalist) think-tank, is that its primary

Patrick Clawson describes how to go about prompting a War with Iran at a Washington Institute for New East Policy conference.

purpose is not necessarily to debate the current political elements of the Iranian question. They aren’t contemplating the viability, or morality of a war with Iran. Instead, they are attempting to devise strategies by which the government could convince the American public and the world that a war with Iran is the “right thing to do”, even if it means fabricating their own justification.

Think tanks like this not only construct policy framework, but they also write the subversive talking points used in the mainstream media that manipulate the masses into acceptance of that framework. In the video above, there is no suggestion that Iran would be left alone if the will of the public leans away from conflict. Instead, Patrick Clawson ,who works frequently with the Council On Foreign Relations openly suggests that a Gulf Of Tonkin style event be engineered (he uses the phrase “covert means”) in order to force a war into being.

Island Dispute Foments Between China and Japan

An escalating disagreement between China and Japan over a string of islands in the East China Sea continues to spark protest on both sides.

Protests over the islands, known as the Senkaku by Japan and the Diaoyu by China, grew in Tokyo over the weekend. Japan has bought the islands

Violent anti-Japanese Protests erupt across China.

privately, but China says it is the rightful owner. Japan believes the group of these tiny islands lies just outside Chinese waters, but Beijing draws the border differently. The islands are also near rich fishing grounds and known to contain large oil deposits.

Earlier this past summer, in late July Chinese Foreign Ministry spokesman Hong Lei expressed China’s “grave concern” and “strong displeasure” over what he described as the “highly irresponsible remarks” made by Prime Minister Noda.

Japanese Prime minister Yoshihiko Noda said Japan was ready to send in the military if necessary to protect the disputed islands of Senkaku,

Prime Minister Yoshihiko Noda of the Democratic Party of Japan (DPJ) is facing dismal public poll numbers and increasing opposition within parliament all amidst the rising tensions with China.

known as the Diaoyu Islands in China. Yoshihiko Noda said,

“If a neighbouring country does something illegal in the vicinity of the Senkaku islands, we will, if need be, send the Self-Defense Forces and deal with this firmly as a nation. But preventive measures and crisis management, including diplomatic solutions, are paramount in order to prevent any such scenario from unfolding.”

Chinese Foreign Ministry spokesman Hong Lei also reaffirmed China’s

Chinese Foreign Ministry Spokesman Hong Lei

determination to safeguard its territorial sovereignty. He added that the Diaoyu Island and its affiliated islands have been part of China’s inherent territory since ancient times. Hong also took note of Japan’s willingness to solve the issue through diplomatic efforts, and called on them to make concrete efforts in light of over-all Japan-China relations.

Now today, Wednesday September 26, 2012 Japan‘s main opposition party selects a nationalist leader Shinzo Abe  who is tipped by some to become prime minister by the

Analysts believe Abe, 59, could lead the L.D.P. to victory in an election that could be called as early as this November.

year’s end, raising fears of an increase in tensions with China and South Korea over rival territorial claims.

He has said he wants to water down a 1995 statement by the then socialist prime minister, Tomiichi Murayama, apologising for Japan’s wartime aggression, and to withdraw a 1993 apology for its use of Korean women as sex slaves before and during the war.

Hopefully this rhetoric charged island squabble will abate and these two Asian Powers can resolve this matter diplomatically. “I am concerned

Defense Secretary Leon Panetta is walking a diplomatic tight rope between Japan and China

that when these countries engage in provocations of one kind or another over these various islands, that it raises the possibility that a misjudgment on one side or the other could result in violence, and could result in conflict,” U.S. Defense Secretary Leon Panetta said this, when asked recently about a clash between Japan and China.

“We do not take a position on the ultimate sovereignty of these islands,” Kurt Campbell, assistant secretary of state for East Asian and Pacific Affairs, told a U.S. Senate Foreign Relations subcommittee.

“That is not in our strategic interest and clearly would undermine the peace and stability in the Asia-Pacific as a whole,” he added.

These uninhabited islets in the East China Sea  are “clearly” covered by a 1960 security treaty obligating the United States to come to Japan’s aid if attacked, a top U.S. diplomat says.

Official Story on Puzzling California Sulfur Smell Stinks

An odd stench occurred over a large expanse (10,000 square miles) of Southern California only days ago on Monday. Those concerned Californian residents, who called in about the malodorous odor mostly described it as being ” a sulfur like”, or “rotten egg smell”. The official response, from authorities on the matter

Earthquake swarm of 250 earthquakes ranging from 4.0-5..5 at the strongest occurred last week on August 26th 2012.The center of the activity is quite concentrated on the fault line that runs through Brawley and the Salton Sea (Salton Buttes) area. This area does have active geothermal prospecting, as well as a history of volcanic eruptions, although it has not occurred during historical time.

initially said it is either a fish die off in the Salton Sea which is responsible for the pervasive smell or overturning of the lake from strong southeast winds blowing across it from recent storms. Fortunately no health issues arose with pungent smell.The Salton Sea is some 150 miles E.S.E. from Los Angeles.

However what if it were volcanically linked?

Most definitely… Volcanic activity is possible,” said geologist Pat Abbott.

Abbott was part of a research group that collected footage of muddy pits and volcanic gases about 100 miles east on the southern end of the Salton Sea. The area is the home of four buttes that are several hundred feet tall.

The buttes are small volcanoes with an explosive past. Miles below them is a pool of magma that is 15 miles wide. About 8,000 years ago, the buttes erupted, causing magma to flow which cooled into obsidian rock.

The damage from those eruptions was limited to the surrounding area, but if a major earthquake hit along the San Andreas Fault, geologists said there could be trouble.”

However U.S.G.S. geophysical studies of seismic activity, of heat flow in the earth, and of magnetic anomalies in the area around the south end of the Salton Sea all suggest that active igneous and metamorphic processes

It all comes down to the Salton Sea, which lies to the east of San Diego. The Salton Sea lies directly on the San Andreas Fault and covers more than 350 square miles.  A big earthquake has hit the lake bed about every 180 years. But when officials started damming the Colorado River to reduce floods downstream (including in the Salton Sea), the moderate earthquakes stopped for the Salton. But seismologists think the damming stopped moderate stress-relieving earthquakes on the Salton. Now, they fear the pressure is building and the area could be as many as 100 years overdue for a mega-quake, measuring 7.5 or larger.

are now going on associated with an intrusive mass that lies below the sedimentary cover. The intrusion under the Salton Sea is thought to be a pluton, an arm or protrusion from a deeply buried molten magma. This intrusion is parallel to the axis of the Salton Trough. It is about 20 miles long by four miles wide, and is at least one to two miles thick. It lies within the upper 10,000 feet of the crust, and possibly as close as 4,000 feet from the surface. It is centered beneath the community of Niland, at the southeast shore of the Sea.

This pluton is acting upon the sedimentary fill, altering the rocks into a low grade metamorphic series under low-temperature/low-pressure metamorphism. Associated with the metamorphism of the rocks, chemical analysis of hot brines brought to the surface by deep thermal wells in the Imperial Valley and Mexico show that active ore formation is probably taking place around the pluton. This involves the concentration of sulfides of iron, lead, zinc and copper.

Previously on July 24th 2012 Lifeguards in Encinitas, California were first to report the strong, pungent odor at about 5 p.m. The odor was described as a gas-like smell rolling in off the ocean.

Soon after,911 was flooded with calls. Residents from the coast all the way to Rancho Bernardo and 4S Ranch reported experiencing the smell. Some complained of headaches and outdoor activities were canceled.

One Del Mar resident who did not want to be identified was inside the library in Cardiff at about 5 p.m. when the gas-like odor filled the entire building with the doors closed.

“There was none when I walked in that door and within 10 minutes, the entire library was filled,” she said.

Eventually, she got in her car and drove to try and get away from the smell. At about 5:30 p.m., the woman parked at San Dieguito County Park and took a photo of what she believes is some kind of aerosol compound she says fell from the sky and coated her car windows.
“I tried to wipe it and it was black and sticky and tried to put my window down and it smeared,” she said. She is convinced it was gas that was dispersing something with an oil component.

Differences Between 2012 Presidential Candidates Romney and Obama?

Republican and Democratic presidential candidates Mitt Romney and President Barack Obama are more alike than different in their stances on

many issues like universal health care, gun rights, energy, NDAA, the Patriot Act, Iran, sanctions, economic stimulus. bank and auto bailouts, civil rights, TARP, the Federal Reserve, Ben Bernanke, and campaign donations.

They are both for government mandating healthcare, concur that income taxes should remain the same on those who pay the most and they agree the President may start a war on his own without a declaration of war from Congress like in the current cases of Libya and Syria.  The distinctions, are that one is more inclined toward Labor Unions and the other is more in favor of big business.

Isaac breaches the Levees in Plaquemines Parish

As of 4:55 am CDT 10-12 ft of water was in homes in Plaquemines Parish, WRNO radio has reported at 3:15 am CDT that a levee had been breached in a south parish in

10:00 AM CDT, Wed Aug 29 Isaac was located at 29.6°N 90.7°W. The system is moving slowly Northwest at 6 mph, Min pressure was 972 millibars and Max sustained winds have decreased from 80mph to 75 mph. The flood threat from torrential rains and storm surge will continue through tonight along the North Gulf Coast.

New Orleans as Isaac takes direct aim on southeast Louisiana. Plaquemines Parish has had a levee breach at 3:33 am CDT . The breach was confirmed by Homeland Security at 3:51 am CDT. A breach means the levee is being over-topped.

Isaac is turning out to be a more a significant storm than originally expected as the region observes the 7-year anniversary of Hurricane Katrina.

Power companies were reporting more than 500,000 without power across the southeastern Louisiana and southern Mississippi.

Mayor Landrieu says 70% of New Orleans was without power as of early Wednesday.

The National Weather Service has reported severe wind gusts of 60 to 70 mph since late Tuesday across the area with numerous trees and power lines down. Some isolated locations have reported wind gusts over 100 mph.

Plaquemines Parish President Billy Nungesser said part of the roof of his home on the parish’s west bank had blown off. He described wind-driven rain entering his home as “like standing in a light socket with a fire hose turned on.”

Officials said an 18-mile stretch of levees on the east side of Plaquemines Parish was over topped by storm surge.

Meanwhile, on the Mississippi coast, dozens of roads were closed or impassable due to storm surge flooding and heavy rainfall. Trees and power lines were also reported down across roads.

Highway 90 from Gulfport to Biloxi was reported to be experiencing significant flooding, with up to two feet of water reaching the doors of the Hard Rock Casino early Wednesday.

A significant storm surge of 11 feet was reported at Shell Beach, La, late Tuesday while a surge of 6.9 feet was reported in Waveland, Miss., the NHC reported.

Fire officials reported they were unable to get to a home that burned to the ground amid storm surge flooding in the Bay St. Louis area Tuesday evening.

Isaac came ashore Tuesday night near the mouth of the Mississippi River, then went nearly stationary back out over the coastal waters for several hours before making a second landfall in Grand Isle.

Hurricane Isaac Strengthening As it closes in on Louisiana

Tomorrow August 29th, will mark the seven year anniversary of major  Hurricane Katrina as it roared ashore southeast Louisiana. Katrina absolutely inundated New Orleans

Hurricane Katrina as it stormed ashore Southeast Louisiana August 29, 2005

and the surrounding communities of this low lying marshland hurricane vulnerable state. After a series of catastrophic levee failures on August, 30th 2005, a day after Katrina passed it led to mass pandemonium and 1,836 dead.

Later this evening Hurricane Isaac will test the resolve of the U.S. Army Corp of Engineers to see if the levees they worked on can stand up against the impending 6-12 foot storm surge forecasted by the National Hurricane Center.

A storm surge, is dome of water that is pushed onto the land where onshore flow

Storm Surge illustration, courtesy of the National Hurricane Center.

pushes the sea inland near the land falling tropical low pressure center. This aspect of Hurricanes is one of the most mortally threatening to humans and wildlife.

Winds have been increasing in Southeast Louisiana as Isaac approaches, up to 60 mph has been recorded by buoys close to the shore. Winds off Lake Pontchartrain have varied around 35 mph from the northwest this afternoon. So far New Orleans (KMSY) is seeing wind gusts up to 40 mph, with light rain.

Before Isaac was a threat to the northern Gulf Coast, it passed through the leeward islands just days ago as a tropical storm, from there it passed just south of Puerto Rico, then the Dominican Republic and eventually turned more northwesterly going over the western peninsula of Hati. Thereafter it hugged the northeastern coast of Cuba missing the mountainous terrain. Moving away from land the center of still Tropical Storm Isaac moved west northwesterly through the Straits of Florida to the south of Key West and into the Gulf of Mexico.

Though the storm never reached hurricane status until earlier today, rainfalls along its path were impressive and its affects were felt far away from the center. Issac dumped 10-20 inches of precipitation along and to the north of its path through the Caribbean, the Straits of Florida and into the Gulf of Mexico toward the North Gulf Coast.

Now continuing to strengthen at 6pm CDT, just hours away from landfall Isaac is looking more impressive on satellite. Winds are sustained at 80mph making Isaac a category one on the Saffir-Simpson Scale. Hurricane force winds extend outward up to 60 miles and tropical storm force winds of 39-73mph reach 185 miles from the center. Air force Reserve Hurricane Reconnaissance Hunters

Isaac just hours before its arrival on the southeast coast of Louisiana, in the Northern Gulf Coast this evening. Notice in the visible satellite how an eye is becoming more apparent. This is indicative of further intensification. Image Courtesy of National Oceanic and Atmospheric Association.

measured a recent central pressure of 970 millibars, or 28.64 inches of mercury. Storm surge flooding is already occurring in southeast Louisiana.

Hurricane Season lasts form June1st through November 30th, with the climatological peak on September 9th. Forecasters increased their prediction for the total number of named storms upward to 15-19 storms. If they are right we are only about half way done.

Make sure to monitor the latest tropical weather forecasts or news and be prepared before the storm is at your door. Have a Hurricane Preparedness plan in place for you and your family. The up two week supply of essentials are Canned Foods, Bottled Water, Weather Radio, Batteries, First Aid Kit, Multivitamins, Sunscreen,Extra Cash from ATM’s, Bug Repellant, Flashlights, Other non-perishable food items, extra gas for generators or vehicles as gas stations will not work after a storm passes due to power outages.

T. D. Nine in The Atlantic to become Tropical Storm Isaac, while southeast U.S. Keeps a Watchful Eye

By Ryan Matthew Dernick

According to the National Hurricane Center Tropical Depression Nine formed earlier today in the Atlantic, it is currently about 700 miles east of the

The large and newly formed Tropical Depression Nine Spells immediate concern for the Caribbean and soon thereafter the Southeast United States by as early as Sunday evening. Models forecast the Depression to become Tropical Storm Isaac later today and a Hurricane in 48 hours.

Leeward Islands. Environmental conditions are favorable for intensification and the depression is forecast to become a hurricane by Thursday. Tropical storm warnings are in now effect for the Lesser Antilles and watches have been posted for Puerto Rico and the U.S. Virgin Islands.

NOAA forecasters earlier this month increased the number of storms forecast and say they expect a total of 12 to 17 tropical storms, with as many as five to eight hurricanes, for the 2012 Atlantic Hurricane Season from June 1 to Nov. 30. Two to three of storms could become major hurricanes. It was only back in May when forecasters had initially only predicted nine to 15 tropical storms, with as many as four to eight hurricanes

So far this year there have been five tropical storms and three hurricanes with the most recent being Hurricane Gordon that just days ago passed through the Southern Azores. Since then it has become extra tropical as its remnants move ENE though Portugal.

With not one major hurricane to date yet for this Atlantic Hurricane Season

T.D. Nines Projected Path Shows that core of the storm will move westward through the Lesser Antilles while staying just South of Puerto Rico. As it continues to traverse west along the south coast of the Dominican Republic and Hati it will begin to feel the tug northward by the Deepening Trough across the Eastern United States. In response to that strengthening trough the High Pressure Ridge over Florida and Bahamas will weaken turning then Hurricane Isaac Northwest through Central Cuba.

this storm may change that.

South Florida residents and visitors in particular need to remain vigilant on updates According to The National Weather Service forecast Office in Miami, Florida. Weather Models are continuing to indicate it is becoming more likely that South Florida may be directly impacted late this weekend into early next week by this developing tropical cyclone.

Make sure to monitor the latest tropical weather forecasts or news and be prepared before the storm is at your door. Have a Hurricane Preparedness plan in place for you and your family. The up two week supply of essentials are Canned Foods, Bottled Water, Weather Radio, Batteries, First Aid Kit, Multivitamins, Sunscreen,Extra Cash from ATM’s, Bug Repellant, Flashlights, Other non-perishable food items, extra gas for generators or vehicles as gas stations will not work after a storm passes due to power outages.

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