11214 Gleaning Bangladesh Black Swan Blackout
Imagine what happens when electricity is cut off nationwide in a country of 160 million people. In Bangladesh, everyday life was brought to a standstill on Saturday as factories, hospitals, and homes plunged into darkness or had to rely on generators.
Even the prime minister’s official residence was left with no electricity, as the small but extremely densely populated South Asian country experienced one of the worst blackouts in world’s recent history.
Bangladesh’s plunge into darkness provides a glimpse into a recently debunked hoax about NASA confirming six days of ‘total darkness’ in December.
The hoax went viral on Twitter, leaving many people shocked and bewildered as to how the experience would feel.
November 2, 2014 – SOUTH CAROLINA, UNITED STATES – The snow that fell in the Midlands on Saturday morning is the earliest in recorded history.
Some areas reported 2-3 inches of the white stuff. The snow stayed mostly to the north and to the west of Columbia.
Perhaps the greatest irony is that the one country that is arguably doing the most to thwart the designs of the Global Corporatocracy – first, by rejecting the outright monetization of European debt, to the constant consternation of international financiers like George Soros; and second by blocking the EU’s free trade agreements with the U.S. and Canada – is the same country that is most often blamed for Europe’s economic ills: Germany. As for the nations that have demanded the inclusion of ISDS in the US-EU trade treaty, perhaps it’s time their citizens began asking just who it is their public representatives actually represent.
One of these days, the V-shaped recovery that every BTFDer has grown to love and expect in every of these broken markets, be it equity, bond or FX, will not come. What happens then is unknown.
The question is though, why is the yen falling so much if Japan’s money supply isn’t expanding at a very strong rate? We believe the answer to this question is to be found in the following statistics:
Gross government debt to GDP – Japan is the undisputed public debt king of the developed world – click to enlarge.
It is well known that Japan has a very high public-debt-to GDP ratio. Even with the recent economic upswing, its budget deficit for the current year is projected to clock in at more than 7% of GDP – the latest in a string of huge annual deficits. What is less well known is the ratio of public debt to tax revenues, which is actually the more relevant datum:
We conclude from this that the markets are pouncing on the yen because they are forward-looking: the BoJ is monetizing ever more government debt and this is expected to continue, because the public debtberg has become too large to be funded by any other means.
In spite of the relatively low money supply growth this debt monetization has produced so far, it also creates the perverse situation that an ever greater portion of the government’s outstanding stock of debt consists actually of debt the government literally “owes to itself”.
On the surface, this monetarist wizardry suggests that one can indeed “get something for nothing” – but that just isn’t true. Deep down, market participants know that it isn’t true – so even though they are celebrating the promise of more liquidity by sending Japanese stocks soaring, they are also creating a fault line – and that fault line is the external value of the yen.
Among the industrialized welfare states, Japan is the one that is closest to government bankruptcy. Even with interest rates at record lows, the proportion of debt growth that is caused by mounting debt servicing costs alone has begun to rise in recent years due to the sheer size of the public debt outstanding. In other words, the government is by now in a so-called “debt trap”.
And yet, the seeming calm rests on what appears to be increasingly misplaced confidence. All that is needed to blow the entire scheme to smithereens is an event that leads to a cracking of this confidence. Once a critical mass of economic actors becomes convinced that the plan is indeed to “make the public debt disappear” by monetization, and given what markets have done so far, it seems increasingly likely that it is the yen that will crack first. However, the sign that the ship is actually capsizing will be when JGB values begin to plummet in spite of the BoJ’s buying of government debt.
If one could indeed debase oneself to prosperity, it would long ago have been demonstrated by someone. While money supply growth in Japan has remained tame so far, the “something for nothing” trick implied by the BoJ’s massive debt monetization scheme is destined to end in a catastrophe unless it is stopped in time. Once confidence actually falters, it will be too late.
The U.S. health care apparatus is so unprepared and short on resources to deal with the deadly Ebola virus that even small clusters of cases could overwhelm parts of the system, according to an Associated Press review of readiness at hospitals and other components of the emergency medical network.
Experts broadly agree that a widespread nationwide outbreak is extremely unlikely, but they also concur that it is impossible to predict with certainty, since previous Ebola epidemics have been confined to remote areas of Africa. And Ebola is not the only possible danger that causes concern; experts say other deadly infectious diseases — ranging from airborne viruses such as SARS, to an unforeseen new strain of the flu, to more exotic plagues like Lassa fever — could crash the health care system.
*US BIOWEAPONS LABS ARE THE ORIGIN OF EBOLA
*US HAS 3 BIOSECURITY LEVEL 4 LABS IN GUINEA, LIBERIA AND SIERRA LEONE
*CONDUCT BIOWEAPONS RESEARCH
TRANSCRIPT AND TRANSLATION OF INTERVIEW WITH DAVID LINDORFF
Francis Boyle : les laboratoires US de guerre biologique à l’origine de l’épidémie d’Ebola
Il fatto quotidiano
jeu., 30 oct. 2014 09:40 CET
Voici la retranscription en français de l’interview récente du spécialiste en guerre biologique, Francis Boyle(*), auteur de plusieurs ouvrages sur le sujet des armes biologiques américaines, dont celui paru en français aux Éditions Demi Lune “Guerre biologique et terrorisme”.
L’enregistrement audio de cette émission se trouve ici : http://prn.fm/cant-happening-102214/
The Center for Disease Control (CDC) is conducting a nationwide search of its cold storage units after discovering vials of smallpox in a Food and Drug Administration (FDA) cold storage room at the National Institutes of Health facility in Bethesda, Maryland. Along with the vials of smallpox were 327 other pathogens including vials labeled for dengue, influenza, and rickettsia. This news comes as the CDC is under multiple investigations for unsafe practices. In response to the news Richard H. Ebright, a professor of chemistry and chemical biology at Rutgers University remarked “It is ironic that the institution that sets U.S. standards for safety and security of work with human pathogens fails to meet its own standards.”
A massive 2-year long pandemic “continuity exercise” is nearing “stage three” of five on November 13th, going live in “New York City” and “other locations”, according to new documents and audio/video recordings uncovered by Intellihub News.
Shockingly, in a jaw dropping admission, a FEMA official was caught telling role players during a live webinar session that FEMA plans to use people’s fears of “Ebola” and what has “been reported in the news” to “drive” this realtime “full-scale” event.
It is also worthy to note that the Department of Homeland Security (DHS) is concerned about how telecommunications will hold up if such a pandemic outbreak were to actually occur as they expect phone lines to be jammed up by bedridden and quarantined people along with health workers trying to do their jobs. This hypothetical is also set to be included and evaluated in the exercise and may in fact be what prompted the recent unannounced takeover of various television sets followed by an “emergency alert” announcement from the White House on Oct. 24 as reported by Paul Joseph Watson, Infowars.com.
In the report titled White House Emergency Alert Interrupts Viewers Across America, Watson wrote:
Americans watching television across the country were puzzled earlier today when an alert from the White House interrupted their viewing, told them to stand by for an emergency message and warned them not to use their phones.
TV channels automatically changed to local news stations but no White House message ever came, prompting confusion and concern, especially given heightened tensions amidst the Ebola crisis.
The Palestinian daily “Al-Quds” reported over the weekend that the State Department plans to present the plan after midterm Congressional elections.
The US administration is planning to present a proposal to resume the peace talks between Israel and the Palestinians after the mid-term elections for Congress, the Palestinian daily Al-Quds reported over the weekend.
The report came as State Department spokeswoman Jen Psaki announced that a Palestinian delegation would arrive in Washington for high-level talks on ways to move forward with the stalled peace talks and the ongoing crisis in the Gaza Strip.
The delegation, headed by chief PLO negotiator Saeb Erekat, is expected to meet with US Secretary of State John Kerry on Monday.
The two sides are also scheduled to discuss ways of ending the recent upsurge in violence in east Jerusalem, a Palestinian Authority official said.
On Friday, Kerry phoned PA President Mahmoud Abbas and discussed with him the possibility of reviving the peace talks amidst ongoing tensions in east Jerusalem, the official added.
According to the Al-Quds report, the new US proposal consists of three points: ending settlement activity in the West Bank and freezing it in east Jerusalem; suspending the Palestinian bid at the Security Council to seek a resolution calling for setting a timeline for an Israeli withdrawal to the pre-1967 lines; and resuming the peace talks from the point where they ended last April.
The report quoted an informed source as saying that the US administration believes that it’s still possible to reach a peace agreement on the basis of the two-state solution.
However, the US administration also believes that the “window for such a solution is narrowing in light of the absence of confidence between Israel and the Palestinians and rising tensions resulting from both sides’ unilateral measures.”
Meanwhile, Erekat accused the Israeli government of working to destroy the two-state solution and “impose an apartheid regime in the occupied Palestinian territories.”
Erekat told French diplomats and German parliamentarians that the Israeli government bears responsibility for the ongoing tensions and the collapse of the peace process because of its continued settlement activities and “assaults” on the Aqsa Mosque.
He said that the Palestinians were determined to proceed with their plan to seek a UN resolution requiring Israel to pull back to the pre-1967 lines within three years.
Rocket fire from Gazan territory is defined by Israel as the first gross violation by Hamas since the end of Operation Protective Edge. It also led to the decision to close the two crossings into Gaza – Kerem Shalom for goods into southern Gaza and Erez for people in the northern Strip – both to pressure Hamas and to clearly demonstrate to Gaza’s residents the price of the rocket fire..
The creation of the so-called Rafah buffer – a strip 14 kilometers long and about half a kilometer wide – came in response to last week’s attack in the Sinai that killed 33 Egyptian soldiers.
Egyptian President Abdel Fattah al-Sisi, who has waged war in recent months on both the smuggling tunnels from Gaza and the terrorism in the Sinai Peninsula, explained in an interview with the Kuwaiti media that “efforts continue more strongly and most of the tunnels have been closed.” He again claimed that “outside hands” were behind the deadly attack, and that the Egyptian military had been able to eliminate a number of the terrorists involved.
He added, “the fact that there is a necessity for a security escort at an hour when Arabs are walking around here freely without any fear, says more than anything who feels like a visitor here and who feels like the owner of this site. We will change this reality with the help of God.”
The cabinet approved an amendment to the criminal law on Sunday that, if passed by the Knesset, would increase the maximum penalty for people who throw rocks at vehicles to 20 years in prison.
Still, a Justice Ministry spokesman confirmed that there had been no change in the long-standing policy for prosecutors to seek three months of prison time in average cases involving rock-throwing minors.
And geopolitical (it appears to reveal that the kingdom is willing to tolerate Brent prices between USD80-USD90/bbl for a period of 1-2 years in order to achieve two aims: to slow increases in US tight oil production and to pressure other OPEC members to contribute to supply discipline.)
Of course, it’s not just religious ‘wars’, there is now the global oil ‘wars’ underway – as Stratfor discusses in crucial detail:
Saudi Arabia hoped that the civil war in Syria would strike a critical blow against Iranian influence in the region. Instead, the conflict has created more problems for Riyadh. Similarly, the expectation that the emergence of the Islamic State would undermine Iranian influence in Iraq and the Levant has proven false. Instead, the group has threatened the Saudis, who have already been had to deal with al Qaeda’s influence on the domestic and regional front.
With the Saudis focused on battling the Shia, the Muslim Brotherhood and now the Islamic State, an important development has taken place in Yemen, to Saudi Arabia’s immediate south. The Iranian-backed al-Houthi movement is no longer a regional rebel subset of the Zaidi sect; it has become a mainstream national player, seizing the Yemeni capital city of Sanaa in mid-September and continuing to expand.
The Saudis were caught off-guard by the al-Houthi surge in Yemen, a country that has been beholden to Riyadh for decades. The phenomenal rise of the al-Houthis was possible because the Saudis lost influence with the Yemeni tribes and because the old ruling elite in Sanaa had been badly fragmented by the fall of former President Ali Abdullah Saleh. The Saudis feel that while they were negotiating with the Iranians on regional security, Tehran double-crossed them by quietly supporting the al-Houthis, enabling them to impose their will on Sanaa and beyond.