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 For the Record
By: ecchi.gaijin
40 minutes ago Yahoo! Profile:
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| I still don't see the problem Perceptions, the money needs to be raised somehow. Sure it won't solve the underlying problem itself but a user pays system will have some impact. Think of it as an attempt (however inadequite) of killing 2 birds with one stone. |
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By: perceptions_now
48 minutes ago Yahoo! Profile:
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Just a quick question that many people seem to be overlooking. Where are the funds for ETS going? Are they going to be spent or just hoarded? If governments have earmarked expenditure that this will fund, then ETS is nothing more than a "user pays" system. The method of collection isn't the problem you should be disagreeing with if you are a sceptic.
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ecchi,
For the record, this ETS is designed for general Taxation Revenue raising, relevant to existing & future high Debt levels. It is not there to directly fix a Climare problem!
It is also there to assist in trying to avoid the real underlying issues, which are Population Aging & Decline and Peak Oil! That strategy is doomed to fail! |
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By: ecchi.gaijin
Today (2:19 pm) Yahoo! Profile:
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| Just a quick question that many people seem to be overlooking. Where are the funds for ETS going? Are they going to be spent or just hoarded? If governments have earmarked expenditure that this will fund, then ETS is nothing more than a "user pays" system. The method of collection isn't the problem you should be disagreeing with if you are a sceptic. |
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By: mentawaisurf
Today (2:10 pm) Yahoo! Profile:
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ETS's don't work and they won't work in the real world. And if we can't get our senate to agree on an ETS do we really expect the world to agree on one?
The reason it has recently become such a hot topic is not because of the Copenhagen Summit, but more due to rising energy prices during this bear-market rally in commodities. Once commodities crash again, and oil falls back below the $30 lows of earlier this year, we'll hear very little about ETS. Besides, by then governments will have much more pressing issues in trying to fight the intensifying deflationary forces around the world. |
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By: perceptions_now
Today (1:29 pm) Yahoo! Profile:
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Further to the previous article, if China, in particular, but also India continue to increase Population levels, Fossil Fuel emmissions and retain the status quo, for another decade, then we will already be well & truely past the point of NO RETURN on Climate!
The major powers are playing out their own "self interest" roles, they are acting their part, in a tragedy of epic proportions!
The Global Population, Climate & Energy situations are joined at the hip, the hip pocket, the Global Economy!
In order to avoid the worst of all worlds, the Global Population & Energy (Fossil Fuels) use, must fall. In the case of Fossil Fuels, this will/is happenning "naturally", as reserves are already falling and no amount of Demand or Want, is going to change that fact.
In the case of Population, the rate of growth is already slowing, but the overall total is unlikely to start falling until around 2030-2040. But fall it must, otherwise in the longer term, the human species will not survive. So, all of the large Population countries (in particular) will have to lower, not increase, their total population and that primarily means China, India & the US.
Given the major economic driver (population) will fall, due to Energy (the enabler) & Climate constraints, the Global economy has no choice, it will collapse, the major actors are aware of what is coming, but each actor is playing to their own audience!
Let me put it this way, a Population Growth War between China & India, would have the same effect as a Nuclear War between the US & Russia! |
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By: perceptions_now
Today (1:28 pm) Yahoo! Profile:
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Population Decline to Hurt China's Competiveness
China should brace for a declining population and change its one-child policy to keep its competitiveness, a Chinese newspaper said yesterday.
China's population growth was relatively high at 1.56 percent in 1975, but dropped below one percent in 1998. From last year, it declined to less than 0.5 percent.
India's population growth threatens to challenge China's, however. India took the top spot from China in the number of those aged 14 and under in 1990. According to statistics from the U.N. Population Division, China had 324.1 million people aged 14 or under in 1990, lower than India's 326.4 million.
If this trend continues, India will grow economically more competitive than China in 15 years, when those under age 14 become economically active, according to China experts.
Hu Angang, an economics professor at Tsinghua University in China, said, "China will face the two demographic challenges of a rapidly declining and rapidly aging population over the long term," adding, "The government should urgently adopt a two-child policy."
Link -
http://english.donga.com/srv/service.php3?bicode=0 60000&biid=2009112780028
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By: perceptions_now
Yesterday (1:02 pm) Yahoo! Profile:
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Dubai World Seeks to Delay Debt Payments as Default Risk Soars
Nov. 26 (Bloomberg) -- Dubai World, with $59 billion of liabilities, is seeking to delay debt payments, sending contracts to protect the emirate against default surging by the most since they began trading in January.
The state-controlled company will ask creditors for a "standstill" agreement as it negotiates to extend maturities, including $3.52 billion of Islamic bonds due Dec. 14 from its property unit Nakheel PJSC, Dubai's Department of Finance said in an e-mailed statement. Moody's Investors Service and Standard & Poor's cut the ratings on several state companies, saying they may consider the plan a default.
Cut to Junk
Emaar Properties PJSC, the U.A.E.'s biggest developer, Jebel Ali Free Zone, an operator of business parks, DIFC Investments and Dubai Holding Commercial Operations Group LLC. were all cut to below investment-grade ratings by Moody's. DP World Ltd., the Middle East's biggest port operator, and Dubai Electricity & Water Authority were lowered to Baa2, two levels above junk.
Link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=aoFe12bwzZ2M&pos=1
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Well, S & P & Moody's, how about a report on the currrent & future health of the US & Ja panese economies? |
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By: perceptions_now
Yesterday (12:39 am) Yahoo! Profile:
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The Mighty US$
US$ Index (basket of Currencies: @ 74.45
http://www.goldseek.com/quotes/charts/usdollar/usd ollarindex24hour.php
Euro - US$: @ 1.5083
AUD$ - US$: @ .9291
AUD$ - GBP: @ 0.5563
AUD$ - Euro: @ 0.616
http://www.bloomberg.com/markets/currencies/fxc.ht ml
Gold - @ US$1,182.90
Oil - @ US$76.33
DOW - 10,434 (DOWN 17 Tuesday)
All Ords - 4741 (UP 33 Wednesday)
http://www.bloomberg.com/?b=0
THERE was movement at the FED, for the word had passed around, That the US$ was an old Regret and its value had long since passed away
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US$ index & US/Euro have had significant movements, as has Gold, again!
Whereas Oil has moved the other way, we assume to due an excess of Supply? |
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By: perceptions_now
2 days ago (Wednesday, 9:07 am) Yahoo! Profile:
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The bankruptcy of the United States is now certain
(Cont)
So how does America rank on the Greenspan-Guidotti scale? It's a guaranteed default. The U.S. holds gold, oil, and foreign currency in reserve. The U.S. has 8,133.5 metric tonnes of gold (it is the world's largest holder). That's 16,267,000 pounds. At current dollar values, it's worth around $300 billion. The U.S. strategic petroleum reserve shows a current total position of 725 million barrels. At current dollar prices, that's roughly $58 billion worth of oil. And according to the IMF, the U.S. has $136 billion in foreign currency reserves. So altogether... that's around $500 billion of reserves. Our short-term foreign debts are far bigger.
So where will the money come from? Total domestic savings in the U.S. are only around $600 billion annually. Even if we all put every penny of our savings into U.S. Treasury debt, we're still going to come up nearly $3 trillion short. That's an annual funding requirement equal to roughly 40% of GDP. Where is the money going to come from? From our foreign creditors? Not according to Greenspan-Guidotti. And not according to the Indian or the Russian central bank, which have stopped buying Treasury bills and begun to buy enormous amounts of gold. The Indians bought 200 metric tonnes this month. Sources in Russia say the central bank there will double its gold reserves.
The Federal Reserve has already monetized nearly $2 trillion worth of Treasury debt and mortgage debt. This weakens the value of the dollar and devalues our existing Treasury bonds. Sooner or later, our creditors will face a stark choice: Hold our bonds and continue to see the value diminish slowly, or try to escape to gold and see the value of their U.S. bonds plummet.
One thing they're not going to do is buy more of our debt. Which central banks will abandon the dollar next?
Link -
http://britanniaradio.blogspot.com/2009/11/bankrup tcy-of-united-states-is-n ow-cert.html |
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By: perceptions_now
2 days ago (Wednesday, 9:05 am) Yahoo! Profile:
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The bankruptcy of the United States is now certain
It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?
Sooner or later, the creditors wake up and ask themselves: What are the chances I will ever actually be repaid? And that's when the trouble starts. Interest rates go up dramatically. Funding costs soar. The party is over. Bankruptcy is next.
When governments go bankrupt it's called "a default." Currency speculators figured out how to accurately predict when a country would default. Two well-known economists - Alan Greenspan and Pablo Guidotti - published the secret formula in a 1999 academic paper. The rule states: To avoid a default, countries should maintain hard currency reserves equal to at least 100% of their short-term foreign debt maturities.
The principle behind the rule is simple. If you can't pay off all of your foreign debts in the next 12 months, you're a terrible credit risk. Speculators are going to target your bonds and your currency, making it impossible to refinance your debts. A default is assured. |
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By: perceptions_now
4 days ago (Monday, 9:16 am) Yahoo! Profile:
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Societe Generale tells clients how to prepare for potential 'global collapse'
Societe Generale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years.
Under the French bank's "Bear Case" scenario (the gloomiest of three possible outcomes), the dollar would slide further and global equities would retest the March lows. Property prices would tumble again. Oil would fall back to $50 in 2010.
Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Ja pan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.
Link -
http://www.australia.to/index.php?option=com_conte nt&view=article&id=16533: societe-generale-tells-cl ients-how-to-prepare-for- potential-global-collapse &catid=74:business-news&I temid=198 |
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By: perceptions_now
4 days ago (Monday, 9:03 am) Yahoo! Profile:
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ICE Cancels DXY Trades After "Impossible" Action Moves Index 9% Higher, $ Plunge Enforcement Team Arrives At Crime Scene
Some crazy action today on the CME around 7 am Eastern when dollar index futures surged an unbelievable 9% from 75.38 to 82.18. As apparently the CME has never seen what happened to VOW stock when the short squeeze was recreating Armageddon over at permabull Larry Robbins' office (i.e. stock moved up 100% in about an hour), we can see why they would be confused by what could have been the start of the dollar short unwind when the second leg of the Ukrainian plunge occurred earlier. So instead of validating these trades, the CME has decided to simply cancel them: because fat fingers in billions worth of futures are just so prevalent.
Link -
http://www.zerohedge.com/article/ice-cancels-dxy-t rades-after-impossible-ac tion-moves-index-9-higher -plunge-enforcement-team-
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More games being played!
Is it possible to know what is real? |
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By: perceptions_now
5 days ago (Sunday, 3:48 pm) Yahoo! Profile:
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Australian Senate: Peak Oil motion defeated 31:6
Notice of motion
I move that the Senate:
a) Notes that:
i. Neither the former Howard government nor the Rudd government implemented the first recommendation of the 2007 Senate Rural and Regional Affairs and Transport Committee report into Australia's future oil supply and alternative transport fuels, namely, that Geoscience Australia, ABARE and Treasury reassess both the official estimates of future oil supply and the 'early peak' arguments and report to the Government on the probabilities and risks involved, comparing early mitigation scenarios with business as usual.
(b) Calls on the government to immediately develop a national plan to respond to the challenge of peak oil and Australia's dependence on imported foreign oil.
The Motion was defeated 31:6 with the five Greens Senators supporting the motion and presumably South Australian independent Senator Nick Xenophon as the sixth supporting vote.
The major parties are not just ignorant of 'peak oil'. They are, with clarity of purpose, voting against any attempt to respond or even investigate further.
Link -
http://anz.theoildrum.com/node/5977
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Have a look at the information recently posted at -
http://au.messages.yahoo.com/news/politics/559385/
and then tell me, which Liberal or Labor Politician, is worth 2 knobs of goat sh!t? |
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By: h.diew
5 days ago (Sunday, 2:00 pm) Yahoo! Profile:
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| There certainly are lot of followers of Malthusian philosophy on this website. As we approach winter here in Northern Europe, I would have thought we would have been more prone to gloom than you who are approaching summer and live in one of the sunniest climates on Earth. The contrary is the case however, if this website is any gauge our collective mood in Germany is far more ebulient and positive than yours. It appears one needs more than sunshine and a relatively intact economy to feel happy. |
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By: perceptions_now
5 days ago (Sunday, 1:22 pm) Yahoo! Profile:
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Conclusion
All the research I have done for this paper has convinced me that the human race is now out of time. We are staring at hard limits on our activities and numbers, imposed by energy constraints and ecological damage. There is no time left to mitigate the situation, and no way to bargain or engineer our way out of it. It is what it is, and neither Mother Nature nor the Laws of Physics are open to negotiation.
We have come to this point so suddenly that most of us have not yet realized it. While it may take another twenty years for the full effects to sink in, the first impacts from oil depletion (the net oil export crisis) will be felt within five years. Given the size of our civilization and the extent to which we rely on energy in all its myriad forms, five years is far too short a time to accomplish any of the unraveling or re-engineering it would take to back away from the precipice. At this point we are committed to going over the edge into a major population reduction.
We need to start now to put systems, structures and attitudes in place that will help them cope with the difficulties, find happiness where it exists and thrive as best they can. We need to develop new ways of seeing the world, new ways of seeing each other, new values and ethics.
Link -
http://www.countercurrents.org/chefurka201109.htm
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There may be some areas of disagreement, but I believe this article is fairly close to one possible reality. |
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By: perceptions_now
5 days ago (Sunday, 1:22 pm) Yahoo! Profile:
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Effects of Ecological Damage
There are two ecological concepts that are the keys to understanding humanity's situation on our planet today. The first is Carrying Capacity, the second is Overshoot.
Carrying Capacity - The carrying capacity of an environment is established by the quantity of resources available to the population that inhabits it. The usual limiting resource is assumed to be the food supply.
Sustainability - A sustainable process or state is one that can be maintained at a certain level indefinitely. A sustainable process or state must not threaten, directly or indirectly, the viability of any of the org an isms affected by it. Given these definitions it is intuitively obvious that the current level of human activity is not sustainable. The fact that it has been possible at all is mainly because of the use of fossil fuel, a non-renewable resource. That use is by definition unsustainable, and Peak Oil is graphic evidence of that fact.
Overshoot - Populations in serious overshoot always decline. This is seen in wine vats when the yeast cells die after consuming all the sugar from the grapes and bathing themselves in their own poisonous alcoholic wastes. Another example is the death of the oceans, where 90% of all large fish species are now at risk, and most fish species will be at risk within 40 years. As our supply of energy (and especially that one-time gift of fossil fuels) begins to decline, this mask will be gradually peeled away to reveal the true extent of our ecological depredations. As we have to rely more and more on the unassisted bounty of nature, the consequences of our actions will begin to affect us all. It is impossible to say with certainty how deep into overshoot humanity is at the moment. Some calculations point to an overshoot of 25%, others hint that it may be much greater than that.
Figure 16: World Population with Declining Energy and Carrying Capacity, 1965 to 2100 |
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By: perceptions_now
5 days ago (Sunday, 1:21 pm) Yahoo! Profile:
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The Effect of Energy Decline on Population
As I said in the introduction, human population growth has been enabled by the growth in our energy supply.
The Historical and Current Situation - According to an analysis of historical human energy use published by Western Oregon University, while per our capita food energy consumption has remained relatively constant (within a range of 3:1 over most of human history), the energy we each use for the rest of our activities has grown almost thirty times from our early agricultural days to the consumption we now see in developed countries. The world's population has increased by a similar amount in that time, from 200 million in 1 CE to 6.6 billion today.
There is of course a great disparity in global energy consumption. The combined populations of China, India, Pakistan and Bangladesh (2.7 billion) today use an average of just 0.8 toe per person per year, compared to the global average of 1.7 and the American consumption of about 8.0.
Long-Term and Aggregate Effects - Over 4.5 billion of the world's 6.6 billion occupants live in countries that have per capita energy consumptions under 2.0 toe per year. As energy supplies decline, these countries are at risk of vast increases in mortality as they are out-bid in the global energy marketplace and their populations begin to fall below the minimum energy level required for sustaining life.
Short Term and Regional Effects. The net oil export crisis may well be the defining geopolitical event of the next decade.
The Population Model - The population model is based mainly on the long-term aggregate effects of energy decline. The mechan is mms of the population decline it projects are not specified. However, it is likely that they will include such things as major regional food shortages, a spread of diseases due to a loss of urban medical and sanitation services and an increase in deaths due to exposure to heat and cold.
Figure 14: World Population with Declining Ene ... |
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By: perceptions_now
5 days ago (Sunday, 1:19 pm) Yahoo! Profile:
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| Figure 13 has all the energy curves added together to show the overall shape of total world energy consumption. This graph aggregates all the rises, peaks and declines to give a sense of the complete energy picture out to 2100. The graph shows a strong peak in about 2020, with a steepening decline out to 2100. The main reason for the decline is the loss of oil, gas, and (to a lesser extent) coal. Unfortunately, the loss of the enormous contribution of fossil fuels means that the total amount of energy available to humanity by the end of the century may be less than one fifth of the amount we use now, and less than one sixth the amount we will use at our energy peak a decade or so from now. This shortfall contains an ominous message for our future |
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By: perceptions_now
5 days ago (Sunday, 1:18 pm) Yahoo! Profile:
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Hydro
If coal is the ugly stepsister, hydro is one of the fairy godmothers of the energy story. Environmentally speaking it's relatively clean, if perhaps not quite as clean as once thought. The technology is well understood, universally available and not too technically demanding (at least compared to nuclear power). Dams and generators last a long time.
It has its share of problems, though they tend to be quite localized. Destruction of habitat due to flooding, the release of CO2 and methane from flooded vegetation, and the disruption of river flows are the primary issues. In terms of further development the main obstacle is that in many places the best hydro sites are already being used. Nevertheless, it is an attractive energy source. Figure 8: Projected Hydro Production
Renewable Energy
While I do not subscribe to the pessimistic notion that renewables will make little significant contribution, it's equally unrealistic to expect that they will achieve a dominant position in the energy marketplace. This is primarily because of their late start relative to the imminent decline of oil, gas and nuclear power, as well as their continued economic disadvantage relative to coal. Figure 11: Global Renewable Energy Production, 1965 to 2100
Figure 12 shows all the above curves on a single graph. This gives a sense of the relative timing of the various production peaks, as well as showing the contribution of each energy source relative to the others over time.
As you can see, fossil fuels are by far the most important contributors to the world's current energy mix, but all three are in rapid decline by the second half of the century. Hydro and renewables are making respectable contributions by mid-century, while nuclear power plays a constant role. By the end of the century, oil and natural gas have dropped out of the picture almost entirely, while the dominant players are hydro, renewable sources , coal and nuclear power, in that order. |
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By: perceptions_now
5 days ago (Sunday, 1:18 pm) Yahoo! Profile:
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Nuclear
Two realizations form the basis for my model of nuclear power. The first is that since reactors have a finite lifespan averaging around 40 years, a lot of the world's reactors are rapidly approaching the end of their useful life. The second is that the replacement rate inferred from the UIC planning table is only about three to four reactors per year for at least the next ten years, and probably the next twenty.
These two facts mean that within the next twenty years we will have retired over 300 reactors, but will have built only 60. So by 2030 we will have seen a net loss of 240 or more reactors: over half the present stock. Since these reactors are all broadly similar in size (a bit less than 1 GW on average) that means we can calculate the approximate world generating capacity at any moment in time, with reasonable accuracy out to 2030 or so. Figure 7: Global Nuclear Production, 1965 to 2100
The argument for a peak in nuclear capacity in 2010 and the subsequent drop is very similar to the logistical considerations behind Peak Oil - the big pool of reactors is about to be exhausted, and we're not building enough replacements. |
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By: perceptions_now
5 days ago (Sunday, 1:17 pm) Yahoo! Profile:
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Coal
Coal is the ugly stepsister of fossil fuels. It has a terrible environmental reputation. Most coal today is used to generate electricity. As economies grow, so does their demand for electricity, and if electricity is used to replace some of the energy lost due to the decline of oil and natural gas, this will put yet more upward pressure on the demand for coal. At the moment China is installing two to three new coal-fired power plants per week, and has plans to continue at this pace for at least the next decade. Just as we saw with oil and gas, coal will exhibit an energy peak and decline. One factor in this is that we have in the past concentrated on finding and using the highest grade of coal, anthracite. Much of what remains consists of lower grade bituminous and lignite. These grades of coal produce less energy when burned, and require the mining of ever more coal to get the same amount of energy. The model projects a continued rise in the use of coal out to a peak in 2025. These assumptions give the curve shown in Figure 6. Of course this use of coal carries with it the threat of increased global warming due to the continued production of CO2. Many hopeful words have been written about the possibility of alleviating this worry by implementing Carbon Capture and Storage. CCS usually involves the capture and compression of CO2 from power plant exhaust, which is then pumped into played-out gas fields for long term storage. This technology is still in the experimental stage, and there is much skepticism surrounding the security of storing such enormous quantities of CO2 in porous rock strata. |
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By: perceptions_now
5 days ago (Sunday, 1:17 pm) Yahoo! Profile:
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The Net Export Problem - In most countries the demand for oil is constantly increasing. This applies especially to oil exporting nations, where rising oil prices have stimulated economic growth. This additional growth has in turn resulted in a higher domestic demand for oil which is satisfied out of their surplus before it is made available for export. While the nation's oil production is increasing this does not pose much of a problem. When the exporting nation's production peaks and begins to decline however, something ominous happens: the amount of oil available for export declines at a faster rate than the production decline. This has become known as the "net oil export problem".Figure 4: World Net Oil Exports 2002 to 2013
Such changes in exports are very worrisome for importing nations. The USA, for instance, imports about two thirds of its oil requirements. If the oil export market should suddenly begin to dry up as Figure 4 suggests it could, the US would be forced to make some very hard choices. These could include accepting a drastic reduction in industrial activity, GDP and lifestyle, abandoning the international oil market and enter into long-term supply contracts with producing nations, or even military action to secure foreign oil supplies (as may have already been attempted in Iraq).
Natural Gas
The supply situation with natural gas is very similar to that of oil. While oil and gas will both exhibit a production peak, the slope of the post-peak decline for gas will be significantly steeper due to its lower viscosity. As with oil, we found and drilled the big ones first. The peak of world gas production may not occur until 2025, but two things are sure: we will have even less warning than we had for Peak Oil, and the subsequent decline rates may be shockingly high. This gives the production curve shown in Figure 5. |
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By: perceptions_now
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World Energy And Population: Trends To 2100
Introduction
During the historically recent period of global industrialization, the level of human population has been closely related to the amount of energy we have used. Over the last forty years, the per capita energy consumption has averaged about 1.5 tonnes of oil equivalent (toe) per person per year.
Figure 1 shows the close relationship between global energy consumption, world GDP and global population and implies that an overall increase in the energy supply has supported the increase in population.
The current global energy mix consists of oil (36%), natural gas (24%), coal (28%), nuclear (6%), hydro (6%) and renewable energy such as wind and solar (about 1%).
Energy Component Models
Oil
Oil fields follow a size distribution consisting of a very few large fields and a great many smaller ones. This distribution is illustrated by the fact that 60% of the world's oil supply is extracted from only 1% of the world's active oil fields. As one of these very large fields plays out it can require the development of hundreds of small fields to replace its production.
Timing - I have confirmed this to my own satisfaction by examining the pattern of oil production and oil prices over the last three years. I discovered in the process that crude oil production peaked in May 2005 and has shown no growth since then despite a doubling in price and a dramatic surge in exploration activity.
Decline Rate - The United States, for instance, has been in decline since 1971 and has lost two thirds of its capacity since then, for a decline rate of about 3% per year. The giant Cantarell field in Mexico is losing production at rates approaching 20% per year. The WEAP model increases from a decline rate of 1% per year in 2015 to a constant rate of 5% per year after 2040. Even such a relatively conservative decline model gives astonishing results over the course of the century, as shown in Figure |
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By: perceptions_now
16/11/2009
11:35 am Yahoo! Profile:
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"Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist"
Here's what I now understand really happened:
The amount of "salted tungsten" gold bars in question was allegedly between 5,600 and 5,700 - 400 oz - good delivery bars [roughly 60 metric tonnes].
This was apparently all highly orchestrated by an extremely well financed criminal operation.
Within mere hours of this scam being identified - Chinese officials had many of the perpetrators in custody.
And here's what the Chinese allegedly uncovered:
Roughly 15 years ago - during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] - between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of "tungsten" bars shipped to Ft. Knox.
The balance of this 1.3 million - 1.5 million 400 oz tungsten cache was also plated and then allegedly "sold" into the international market.
Apparently, the global market is literally "stuffed full of 400 oz salted bars".
Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF?
Link -
http://news.goldseek.com/GoldSeek/1258049769.php |
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By: perceptions_now
15/11/2009
7:59 pm Yahoo! Profile:
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JP Morgan Invents New U.S. Employment Numbers
Clearly, the what, When, How & Where of consumption can & is manipulated, including by government & other "statistics"!
That said, no matter how things are put, how they are manipulated, what "smoke & mirrors" are applied by marketers/advertisers/ big business/ unions/politicians or those of self interest in Oil, some facts remain facts.
To that end, it would not be possible to make consumers consume as much, IF it became clear to the general public that the global economy was on a downhill slide, with no way of returning to the status quo.
Oil is a good example here, as Demand can require that the Pacific Ocean be made to be the new supply Crude Oil. But, Reality says, no matter how much desire/want or dissatisfaction we create in the general public, the Pacific Ocean will not turn into a giant pool of Oil!
In fact, it is often in the area of finite resources, where I have seen the Population and consumption per head, at today's level put into reverse, with the argument that there is actually plenty of OIL, at today's level of consumption, when it is plainly obvious that those levels of consumption will increase, over time.
Finally, my advice is to beware, there are Lies and statistics and there are damned lies & government statistics!
Article Link -
http://seekingalpha.com/article/173222-jp-morgan-i nvents-new-u-s-employment -numbers?source=commenter |
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