SMALL GLIMMER OF HOPE AS ECONOMIC COLLAPSE AND WAR LOOMS NEAR

As someone who actually gets paid to predict the future, and am very good at it as previous posts show, the near future looks surprisingly bleak. In all my years of doing this I have never seen so many problems emerge at once, each one capable of destroying the planet. There have been some positive steps lately but I fear they are too little too late. Let's take a look at the three worst.

1)Fukishima- 20% chance of world wide destruction. Yes the crippled plant at Fukishima is STILL pumping out radiation and chances are very good that substantial part of the Japanese population are going to come down with some form of cancer, especially the very young or very old. There is word that contingency plans are still being made to evacuate Tokyo if needed and an estimated of 30% of the population getting cancer by 2020. On top of that, the West Coast is also being hit with radiation, that contrary to what the government is telling is, is not okay and is very dangerous to small children. The real problem here is if reactor number 4 implodes which will spread lethal forms of radiation across the Northern Hemisphere, making it uninhabitable. This is still a long way from happening but worth noting.

2)War with Iran/Syria- 50% chance of world wide destruction- A much more likely scenario, especially if the powers that be really want to save the world economy. Want to keep the economy afloat? Start a big war. War drums are still sounding against Syria who have decided that killing their civilian population is a great war to win favor with the world. However, the bigger problem is Iran who, contrary to some idiots within the government who keep releasing reports that they have no evidence that Iran is trying to get nukes and flies the face of all the proof we do have and reason itself, is sabre rattling continously. Iran wants nukes as it will make them like North Korea, someone to deal with, not attack. This scenario can only play out so far before someone goes too far and then the nukes will fly.

New sanctions are looming over Iran including an air and sea embargo this fall to completely isolate the Iranian people. The last time we tried such an action, the Cuban Missile Crisis, we almost ended the world. This time will be no different if Russia decides to run the blockade or what Iran will do in response to such a provocative act, an act that will almost certainly be considered an at of war. Obama has told the Iranians what a defeat of the current peace talks will entail. I do not think it will make any difference as countries like Turkey, Lebanon, Syria, Iran, Russia, and possibly North Korea have all banded together for a new axis power. The chance for war is quite high.

3)Economic Collapse-80% chance of world wide destruction. These are the highest odds I have ever seen for such a calamity. A growing numbers of experts and statistics are showing a disaster in the making that could have been avoidable had the Republicans not been fuckwads, the democrats spineless and the Europeans capable of reading a history book. It's been a perfect storm of stupidity and we are all about to pay a heavy price. This is from Prison Planet

There are rumors that vacation plans are being cancelled by high level excutives at major banks this summer in preparation for the possible economic collapse.

The Bank for International Settlements is warning that global lending is contracting at the fastest pace since the financial crisis of 2008. Unemployment in the eurozone has hit a brand new all-time record high.The government of Portugal has just announced that it will be bailing out three major banks. Many U.S. banking stocks are being hit extremely hard. For example, Morgan Stanley stock has declined by 40 percent over the past four months. Yields on Spanish debt and yields on Italian debt have been absolutely soaring. 10 year U.S. Treasury notes hit a record low on Friday because investors are scared and they are looking for safety. The following is from a recent USA Today article….

“Treasuries are at 1.46 because people are freaking out,” says Mark Vitner, senior economist at Wells Fargo Economics.

 New orders for factory goods in the United States have declined three times in the last four months. That is a sign that the “economic recovery” in the U.S. has clearly stalled. Economies all over the developed world are seriously slowing down right now. The following is from a recent article by Ambrose Evans-Pritchard….

Brazil wilted in the first quarter. India grew at the slowest pace in nine years. China’s HSBC manufacturing index fell further into contraction in May, with new orders dropping sharply and inventories rising.

Stocks in Japan hit a 28 year low on Monday. Over the past five years, the stock markets of Greece, Spain, Italy, Portugal, Ireland and Cyprus have all fallen by more than 50 percent. Will we soon see similar results all over the rest of Europe?  The Greek economy is literally shutting down. Just check out the chaos that unpaid bills are already causing….

And unpaid bills are now threatening Greece’s electricity supply. State-owned Electricity Market Operator (LAGIE), a clearing house for power transactions, hasn’t paid independent power producers for electricity it bought from them. They, in turn, haven’t paid their natural gas supplier, Public Gas Corporation (Depa), which now doesn’t have the money to pay its supplier. Payment is due on June 22. Alas, its supplier is Gazprom in Russia, and they insist on getting paid. If not, they will shut the valve, and Depa won’t get the gas to supply the independent producers, which will have to take their power plants off line, removing about a third of the country’s electricity production.

 It is estimated that there are 273 billion dollars of failed real estate loans in the Spanish banking system. In March, 66 billion euros was pulled out of Spanish banks and sent out of the country. That was an all-time record and that was before we even knew the results of the recent elections in Greece and France. The numbers for April and May will almost certainly be even worse. The unemployment rate in Spain is 24.4 percent and for those under the age of 25 it is over 50 percent.

Former Italian Prime Minister Silvio Berlusconi is warning that Italy may have to take drastic actions if something is not done soon….

“People are in shock. Confidence has collapsed. We have never had such a dark future,” he said. Indeed, the jobless rate for youth has jumped from 27pc to 35pc in a year. Terrorism has returned. Anarchists knee-capped the head of Ansaldo Nucleare last month. Italy’s tax office chief was nearly blinded by a letter bomb.
“If Europe refuses to listen to our demands, we should say ‘bye, bye’ and leave the euro. Or tell the Germans to leave the euro if they are not happy,” he said.

It now looks like Cyprus is going to be the next European nation to need a bailout. Switzerland is threatening to implement capital controls in order to stop the massive flow of money that is coming in from banks around the rest of Europe. As I wrote about the other day, World Bank President Robert Zoellick is warning that “the summer of 2012″ could end up being very similar to what we experienced back in 2008….

“Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.”

 Germany’s former vice-Chancellor, Joschka Fischer, is warning that the entire EU could fall apart over this crisis….

“Let’s not delude ourselves: If the euro falls apart, so will the European Union, triggering a global economic crisis on a scale that most people alive today have never experienced”

When was the last time that we saw so much bad economic news come out all at once?

None of this is good news, except for one tidbit that offers a small glimmer of hope. Germany has finally realized that their butt is on the line like everyone else's and has signaled a willingness to change the EU rules to allow a more centralized banking structure. Germany has been against this because it will affect them greatly monetarily but with the collapse of the Euro looming, they seem more willing to at least approach the idea. I can only hope they do something before it is too late, although I admit to being less than optimistic as human kind has shown a propensity toward doing the dumbest things possible. Just look at the tie between Walker and his opponent or people voting for the GOP in general. Anyone voting for a Republican anything is voting for European austerity measures and we have all seen how well they do not work. Nothing smarter than doing something we can all agree will never work.

Obama is just as bad as a new poll says 75% of the country wants the government to lay off medical pot busts. This subject crosses party lines, race, religion and sex. Yet, neither side is willing to even entertain the idea meaning that the views of the majority don't matter when big money is on the line. This issue could end Obama's chances and yet he blindly continues on as polls show he is slipping hard on this issue. If you ever needed a bigger example of how our democracy is dead, as the VOTERS have said they want medical marijuana in quite a few states,  yet the feds keep arresting people because they say your vote doesn't matter. It won't make much difference which loser gets into office, however if the Republicans win, we will see the end of all social programs as that's what the Teatards and big business want. God help us all if that happens, although, considering how many things are going wrong right now, we may never get to that point.

Vote Walker out of office you idiots. Let's start putting people in power who care more about us then the corporate state. Unless slavery is your thing.