Monday, January 30, 2012

GRAVITATIONAL ANOMALY: Powerful Energy Release Emanating From The Earth's Core Recorded - Scientist Suggest That This May Herald The Intensification of Geodynamic Processes in Our Planet, Resulting in a Higher Number of Strong Earthquakes, Volcanic Eruptions, Tsunamis and Other Geological Cataclysms!

The International Geodynamic Monitoring System, a part of GNFE (London, UK), has registered on November 15, 2011 a powerful energy release emanating from the Earth's core. The intense three-dimensional gravitational anomaly was almost simultaneously recorded by all ATROPATENA geophysical stations separated by vast distances from each other in the following cities: Istanbul (Turkey), Kiev (Ukraine), Baku (Azerbaijan), Islamabad (Pakistan) and Yogyakarta (Indonesia).


According to GNFE President Professor Elchin Khalilov, the detailed analysis of ATROPATENA station records indicates a powerful energy release emanating from the Earth's core. According to the scientist, this fact may herald intensification of geodynamic processes in our planet and as a result, a higher number of strong earthquakes, volcanic eruptions and tsunamis.

As GNFE President Professor Elchin Khalilov told WOSCO news agency, ATROPATENA earthquake forecasting stations record particular three-dimensional gravitational anomalies that occur, on average, 3-7 days before strong earthquakes. These anomalies are generated by the passingof tectonic waves (stress waves) under the stations; they are emitted by the focuses of imminent large earthquakes at the moment when the stresses in them reach critical values.
Atropatena Crystal Kh11 earthquake forecasting station.
These waves travel very slowly, their velocity ranging from an average of 30 km/h on the continents up to 120 km/h in the oceanic crust. The stress waves are of low frequency and their period ranges from several hours to two days on average, making it impossible for seismic stations to detect them. Of course, the ATROPATENA stations record the passing of these waves with a large time difference, which helps monitor their movement and,with quite high accuracy, calculate the location of the epicenter area of the expected earthquake.

Meanwhile, 15 November 2011 all ATROPATENA stations registered, almost simultaneously,a very powerful gravitational impulse. A detailed analysis of all records of the stations led to the conclusion that this might be possible only if the source of the stress waves was in the Earth's core. According to the scientist,such an impulse could be caused by a powerful energy burst in the Earth's interior, at its core. This process may result in the accelerated movement of lithospheric plates and, consequently, strong earthquakes, volcanic eruptions, tsunamis and other geological cataclysms. - Geo Change Journal.

EXTRATERRESTRIAL & UFO MEMES: National UFO Examiner Report - South Carolina Witness Multiple Holographic Spheres and Triangle Objects in One Day?!

I have often highlighted the excellent articles of Roger Marsh from the National UFO Examiner in my news headlines, but I had to insert the following piece in post form, given the amazing eye-witness report of ten holographic-like UFO spheres over South Carolina.

Illustration - not the object witnessed in South Carolina, from the National UFO Examiner story.
A South Carolina witness reports watching 10 spheres "moving erratically with flashing white lights and a low flying triangle-shaped object, according to January 26, 2012, testimony from the Mutual UFO Network (MUFON) witness reporting database.
The reporting witness was first alerted to the objects by a phone call from a friend who lived 20 miles away. "I went outside and to the west I saw about 10 spheres moving erratically with flashing white lights," the witness stated. "These lights moved in all directions including around each other. The night sky was so clear it was only the second time I was able to see Milky Way with bare eyes." The witnesses' wife joined him outside and two minutes later they observed another object. "She pointed out a large triangle-shaped object with three lights on each tip. The object was only a quarter-mile above the ground and it was traveling very slowly and noiseless." The witness described the object's movement.


"We watched this triangle continue its path due west and after five minutes or more, just as it was almost out of sight, it began returning in our direction and passed by my house again now to my north watching it for a total of 15 minutes." There appeared to be additional witnesses pursuing the craft as this witness reports unusual activity on his street. "I live on a dead end street and had people on my road trying to chase it down. Just as I lost sight of it for the first time, it was about to go over the ocean. At my house here we are lucky to have a very good unobstructed view for miles in all directions without trees even interfering. We live on a dead end road with only three homes past mine and the road is not finished yet because it has not been developed. The only cars to pass my house daily are the people living on my road, but while this was going on, at one point, had 11 vehicles turning around." The events were followed by helicopter traffic in the area.


"We did not hear noise or smells. Twenty minutes after losing site of everything, I began to hear helicopters around my area. I went back outside and saw three helicopters with one other one that was quite large - and appeared to be using a spotlight." No town name was mentioned in the public portion of the MUFON report, which was filed on January 26, 2012. The events occurred beginning at 7 p.m. on January 24, 2012. No photos or videos were included with the report. The above quotes were edited for clarity. South Carolina is a current UFO ALERT 4 rating, with a higher than average number of UFO sightings nationally. South Carolina had 14 reports in December, the 13th highest reporting state - while California had 63 reports in December 2011 - the highest reporting state in the nation.


You can read more details about other recently reported cases at the UFO Examiner home page.

Following is the unedited and as yet uninvestigated reports filed with MUFON. Please keep in mind that most UFO reports can be explained as something natural or manmade. If South Carolina MUFON State Director Cheryl Ann Gilmore investigates and reports back on this case, I will release an update. Please report UFO activity to MUFON.com.



SC, January 24, 2012 -  Triangle shape with 3lights along with many single spheres in sky. MUFON Case 35252.
At 7pm on January 24,2012 i received a phone call from a friend that was20 miles from me and he said he was looking at a UFO above his house. I went outside and to the west I saw about ten spheres moving ereadically with flashing white lights. These lights moved in all directions including around each other. The night sky was so clear it was only the second time I was able to see milky way with bare eyes. 2 minutes after going outside my wife joined me outside and to our south she pointed out a large triangle shaped object with 3 lights on each tip. The object was only a quarter mile above the ground and it was traveling very slowly and noiseless. we watched this triangle continue its path due west and after 5 minutes or more, just as it was almost out of sight it began returning in our direction and passed by my house again now to my north watching it for a total of 15 minutes. I live on a dead end street and had people on my road trying to chase it down. Just as I lost sight of it for the first time it was about to go ver the ocean. At my house here we are lucky to have a very good unobstructed view for miles in all directions without trees even interfering. We live on a dead end road with only 3 homes past mine and the road is not finished yet because it has not been developed. The only cars to pass my house daily are the people living on my road, but while this was going on,at one point had 11 vehicles turning around. We did not hear noise or smells. 20. Minutes after loosing site of everything i began to hear helicopters around my area. I went back outside and saw 3 helicopters with 1 other one that was quite large. And appeared to be using a spotlight. - National UFO Examiner.



EXTREME WEATHER: Freezing February - Department of Health Issues "Level 2" Cold-Weather Alert; Temperatures in the United Kingdom Set to Plunge to -11C as Ice and Snow Transform Countryside! UPDATE: Massive Wintry Weather System Extends Halfway Around the World!

Temperatures are set to plunge as low as -11C this week as Arctic winds bring in a big freeze with ice and snow expected to blanket the countryside, forecasters said today.

Parts of Britain were waking up this morning to up to two inches of snow as the longest spell of cold weather so far this winter sets in. The chill is being caused by a high pressure system hanging over Scandinavia and western Russia which is set to push raw, easterly winds towards the UK as the week progresses. The west of England and Wales was covered in snow overnight and the Met Office has warned up to four inches of snow could yet fall on higher ground. They have issued a warning of severe cold weather across much of England until at least Thursday. Paul Mott, a forecaster with MeteoGroup, said: 'There has been a sprinkling of snow overnight over parts of Wales, Devon, Somerset and Hampshire. 'It has mainly been over hills - with accumulations of up to 5cm in some areas - but there have also been some falls on lower ground locally. 'There will be some fairly wet snow falling over the hills of Gloucestershire, Somerset and south Wales this morning but it will struggle to settle so shouldn't cause too many transport problems.' Mr Mott said the mercury could plummet to as low as -10C in rural parts of central England on Thursday night, with average day time readings only reaching 3C-4C. Elsewhere, BBC Radio 5 Live reported that temperatures could fall as low as -11C. 

Mr Mott said: 'The nights will be really cold throughout the week and there will be the occasional snow shower over the eastern counties of England, eastern Scotland and even London.' Police in Devon and Cornwall yesterday warned motorists in some parts of the region not to travel unless it is essential after snowfall over the higher areas of Exmoor and Dartmoor. The Department of Health issued a 'Level 2' cold-weather alert running for the next two to three days, which is triggered when low temperatures give rise to significant health risks. It warned that low temperatures can especially be dangerous for the young and the elderly or those with chronic disease. Yesterday the countryside was glazed in snow, frost and mist. Ducks were pictured skirting across the water in the icy waters of Derwentwater, near Keswick, in the Lake District. Dan Williams, of the Met Office, said: ‘This is certainly the longest run of colder weather we will have seen so far this winter. 'There’s cold air pushing in from the east, and it’s looking very wintry over the next few days and might last for the first half of February.’ Meanwhile, residents all over the country were bracing themselves for the Siberian weather front heading for Britain. Residents in a Cornish village have bought their own snowplough and gritter after they were cut off for a week in a blizzard during previous winters. The Badgall and Laneast Action Group (Blag), have raised £2,650 to buy the plough and mechanical salt spreader. Two farmers in the area have been designated to operate them during heavy snowfall. Blag said residents 'voted with their pockets' after being cut off during the last two winters.

Spokesman Paul Stephenson said: 'If you're out in the rural areas the main roads are beautifully clear, but our parish is split into a hamlet and village either side of a ridge with a steep hill on one side and open moorland. 'The situation is that there is just not the resources for the Highways to cope with the snow, we just have to wait, and the reality is waiting up to a week before there is clearance of our road. But we're not trying to emulate the speed and ferocity of the Highways team.' He said there were many retired residents in the area so 'we were very keen to mechanise' the removal of snow rather than relying on manpower. And motorists were being urged to be vigilant against thieves who are cashing in on the cold weather by looking for drivers who hate getting into an icy car. Police said the thieves - usually working in a team of two - park in a side street when people are leaving to go to work. Many drivers nip outside and de-ice their windscreens, and leave their engines running to warm up the car while they pop back indoors for one last cup of coffee. One thief sneaks from their getaway car, dives into the motor with the engine running and they both tear off before the owner can run outside to stop them. Detectives said in a recent incident - in Northampton - a car owner heard their vehicle being driven away at speed after going back into the house for a brief moment.

A police spokeswoman said: 'It is vital that vehicles are clear of frost and snow before driving, but we would always advise motorists to stay with their vehicle whilst de-frosting, even if it's parked on their front driveway. 'People may assume that nothing will happen in a few minutes, however what might only seem like a few minutes in the house, can provide the small window of time an opportunistic thief needs. 'This type of crime is preventable and we urge members of the public to allow extra time to safely clear their windscreens in the morning.' While many prefer to stay in a warm house during the cold spell, for others the plunging temperatures have brought out their adventurous side. Rowers in Henley-on-Thames, in Oxfordshire, took to the water yesterday to train as mist descended over the town, and cross country motorcyclist became not-so-easy riders as they carefully followed a steep hillside trail in formation, in Nenthead, Cumbria. Other amblers and cyclists, in Yorkshire and Northumberland, were undeterred by the icy conditions and were spotted enjoying the great outdoors. And the Four Shires Bloodhounds braved the elements yesterday as they took to the snowy hills of Derbyshire, near Hartington.

Led by Heidi Critchlow, the hounds and horses chased the scent of a human quarry, over the Peak District moorland. Today's 'hunting' was described as exceptionally good with the cold weather making it ideal for the hounds to follow the runner's scent. It would seem all bets are off if you are hoping to take a gamble on the cold weather. Bookies William Hill have trimmed the price of 2012 seeing the coldest ever recorded temperature from 16/1 to 14/1 in Scotland, after a run of money over the weekend. Hills also offer 16/1 that the record cold temperature in England, -26.1c recorded in Shropshire 1982, is beaten. Hills are 50/1 that the Houses of Parliament are closed for weather reasons. Hills spokesman Rupert Adams said: 'The latest forecast suggests that February could be foul and punters are predicting that our coldest temperature records could tumble.' On Monday a slow-moving band of rain with hill snow in western parts will continue, before cold, and bright conditions with isolated showers push westwards towards midweek.

Over the next couple of weeks, the weather is forecast to be mostly settled and cold leading up to the first weekend, especially towards the southeast of England, with widespread overnight frost and some wintry coastal showers towards the east. However, northwestern parts will soon become cloudier, more unsettled, but milder with spells of rain and some snow, the snow mainly on hills. Although there is considerable uncertainty, the bright, cold conditions will probably continue for a time into the second week in the east. The unsettled but milder conditions in the west will probably spread erratically further east with time, introducing spells of rain and some snow, again mainly on hills. This progression may be coupled with strong winds and possibly gales in northwestern parts. The cold spell breaks what has so far been one of the warmest winters on record. Forecasters said it was becoming increasingly likely that the freezing temperatures would stick around and even last through the whole of February. George Goodfellow of the Met Office said: ‘It seems like we are edging toward a scenario where lower temperatures last for the next four weeks. It is going to be a contrast to the weather we have had this winter. Widespread frosts and snow could affect large areas.’ He said the wintry weather was a result of ‘a cold air mass moving across from Siberia’. There are fears that the sudden onset could bring travel chaos and catch many drivers off guard. AA spokesman Luke Bodett said: ‘We have had a very mild winter so far and motorists need to get into their winter mindset from today. It is going to be important not to charge around in the way they may have been used to and be prepared for the unexpected.’ The Met Office has briefed government departments and local councils about the cold period so that extreme weather plans can be put on standby. - Daily Mail.
WATCH: Wintry weather finally reaches the UK.





EXTRATERRESTRIAL & UFO MEMES: Man Left Shaken by "Close Encounter" as He Sees a UFO - Intense White Light Over Scarborough, Reminiscent of Roswell?!

Billy Kirk had an out of this world experience when he saw a UFO in skies above his Scarborough home in scenes reminiscent of Roswell.

An artist's impression of the moment Billy Kirk spotted a UFO in the night sky.
Billy, from Ewart Street off Seamer Road, described seeing an intense white light, which was stationary, hover temporarily before it shot off at “thousands of miles an hour”. Scarborough UFO expert Russ Kellett added weight to Billy’s claims when he revealed that he had heard several similar descriptions of unexplained objects seen in the Seamer Road area.

Billy said: “I’m still in shock. I can only describe it as a big ball of light. I was scared, I just ran in the house and said to my girlfriend ‘I’m not going back out there’. I didn’t know what to think. “I’ve never been a big believer in things like that but I can’t explain it. It definitely wasn’t the Northern Lights, an aircraft or a Chinese lantern. I’ve thought of everything.

“I didn’t want to say anything at first but I thought it should be reported. It could be a danger to our airspace.” Billy, who works for Senior Glass Systems in Eastfield, is now keen to find out if anyone else noticed the UFO, which he saw at around 10pm on Monday.

Mr Kellett added: “Stationary objects taking off like that just shouldn’t happen. It couldn’t have been a shooting star or anything like that. “Around the Oliver’s Mount area we have had some very strange stories about balls of light. I’ve heard similar accounts to Billy’s in the past.”

If anybody else saw the mystery object contact Daniel Sanderson on 01723 383867 or daniel.sanderson@yrnltd.co.uk
- Scarborough Evening News.




EXTREME WEATHER: Freezing Rain Hits the Guizhou Province, in China - Tap Water Frozen, Crops Have Been Destroyed and Electric Lines Covered With Thick Ice!

A continuous round of freezing rain in Xifeng County, Guizhou Province has made life difficult for locals by cutting off water supplies.

Gaofeng village is situated at more than 3900 feet above sea level, the highest in Xifeng County's Shitong Township, so freezing temperatures are nothing new here. But for 84-year old villager Zhu Shaohua, all of the water in his two supply buckets has frozen. Water would not flow out from Zhu's tap even after he warmed the pipes with hot water. So he’s forced to walk to the local village water station almost a mile away.

[Zhu Shaohua, Local]: "It takes me almost an hour to fetch the water, but what I bring back is only enough for one day." In Gaofeng village, heavy snow and freezing rain began last week, destroying crops and covering electric lines with thick ice. The freezing rain usually lasts until mid-February. - NTD TV.


Most parts of China will continue to be in the grip of cold with temperatures remaining low over the next few days, according to China's meteorological authority Wednesday. Snowy weather is forecast to continue in the country's southern regions, and freezing rain is expected to hit parts of Guizhou and Hunan provinces, the National Meteorological Center said in a statement on its website. Parts of the country's northwest areas expected to see light snow or drizzle. Meanwhile, fog will shroud most parts of the country's southern areas Wednesday morning, reducing visibility in parts of Yunnan, Hunan, Jiangxi, and Zhejiang provinces to less than 1,000 meters, while smog is forecast to hit some areas of Jiangsu Province, according to the statement.

In southwestern Guizhou Province, freezing rain has threatened the power supply in some regions as 124 major power lines were coated with heavy ice, according to the Guizhou Grid Corporation. More than 2,000 maintenance workers were put in place across the province to prevent the ice from affecting normal supply of electricity, said a spokesman with the company. The cold weather is predicted to linger through the week-long Spring Festival holiday, challenging operations of the power grid, according to the spokesman. In the southern Guangdong Province, more than 100 counties and cities have issued warnings of low temperatures and icy roads by Wednesday, which is rare in the subtropical province. Some counties in north Guangdong issued red warnings, the highest levels of weather alerts, according to the provincial meteorological administration. - China.org.
WATCH: Freezing Rain Hits Guizhou Province.


WORLD WAR III & THE GLOBAL ECONOMIC CONTAGION: The Middle East War and the Euro Zone Crisis - Business Insider Predicts "Report Will Blow Up the Euro Zone" and Dr. Nouriel 'Dr. Doom' Roubini Predicts That the Conflict With Iran Will Spiral the World Into a Global Recession! UPDATE: US Anticipates May As Tentative Date For Clash With Iran?!

"We live in a world where there is still a huge amount of economic and financial fragility." - Dr Nouriel Roubini.


Economist Nouriel Roubini, nicknamed 'Dr. Doom' for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade. Dr Roubini, widely acknowledged to have predicted the crash of 2008, sees tough times ahead for the global economy and is warning that without major policy changes things can still get much worse. He said the biggest uncertainty is the possibility of a conflict with Iran over its nuclear program that involves Israel, the United States, or both.
That could lead oil prices now hovering around $100 a barrel to spike to $150 per barrel, he said, and lead to a global recession. 'There are lots of sources of uncertainty from the Eurozone, from the Middle East, from the fact that the U.S. is not tackling its own fiscal problem, from the fact that Chinese growth is unbalanced and unsustainable, relying too much on exports and fixed investments and high savings, and not enough on consumption. 'So it's a very delicate global economy,' Dr Roubini said. Until Europe radically reforms itself and the U.S. gets serious about its own debt mountain, the world economy will continue to stumble along to the detriment of large chunks of the world's population who will continue to see their living standards under pressure, even if they have a job. Dr Roubini, a professor of economics and international business at New York University, spoke in an interview this week at a dinner on the side-lines of the World Economic Forum, where he is one of the hotly pursued stars. Looking at economic prospects this year, he agreed with the International Monetary Fund's latest forecast that the global economy is weakening and said he might be 'even slightly more bearish' on its prediction of 3.3 per cent growth in 2012.

He painted a grim picture of the Eurozone in recession and key emerging markets in China, India, Brazil and South Africa slowing down, partly related to weakness in the Eurozone.  He predicted that the U.S. economy, the world's largest, will grow by just 1.7-1.8 per cent this year, with unemployment remaining high. The government, he added, was 'kicking the can down the road' and not taking measures to increase productivity and competitiveness. 'We live in a world where there is still a huge amount of economic and financial fragility,' he said. 'There is a huge amount of uncertainty -- macro, financial, fiscal, sovereign, banking, regulatory, taxation -- and there is also geopolitical and political and policy uncertainty.' Unemployment and economic insecurity have become big issues from the Mideast to the Occupy Wall Street movement in the U.S., and protests from Israel and India to Chile and Russia -- and at the same time there is rising inequality between rich and poor.

'All these things lead to political and social instability,' he said. 'So we have to reduce inequality. We have to give growth to jobs, skills, education, and increase human capital so workers can compete.' Dr Roubini called for a major change in policy priorities. 'We have to shift our investment from things that are less productive like the financial sector and housing and real estate to things that are more productive like our people, our human capital, our structure, our technology, our innovation,' he said. Dr Roubini said slow growth in advanced economies will likely lead to 'a U-shaped recovery rather than a typical V,' and it may last for another three to five years because of high debt. 'Once you have too much debt in the public and private sector, the painful process could last up to a decade, where economic growth remains weak and anaemic and sub-par until we have cleaned up the balance sheet and invested in the things that make us more productive for the future,' he said. - Daily Mail.


Meanwhile, Ilargi, from the popular financial blog The Automatic Earth, cites a report that "will blow up the Euro Zone". This is a very long read, but I assure you, it is worth it.
No, I’m not talking about the fact that Germany and Holland want to take over as the de facto government in Greece, as Noah Barkin writes for Reuters (that they want to do it through Brussels is a mere technicality).

Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday.

"There are internal discussions within the Euro group and proposals, one of which comes from Germany, on how to constructively treat country aid programs that are continuously off track, whether this can simply be ignored or whether we say that's enough," the source said.

The source added that under the proposals European institutions already operating in Greece should be given "certain decision-making powers" over fiscal policy. "This could be carried out even more stringently through external expertise," the source said.

The Financial Times said it had obtained a copy of the proposal showing Germany wants a new euro zone "budget commissioner" to have the power to veto budget decisions taken by the Greek government if they are not in line with targets set by international lenders.

"Given the disappointing compliance so far, Greece has to accept shifting budgetary sovereignty to the European level for a certain period of time," the document said. Under the German plan, Athens would only be allowed to carry out normal state spending after servicing its debt, the FT said.

Ilargi:
Nor do I mean the report from the Kiel Institute for the World Economy that Ambrose Evans-Pritchard cites for the Telegraph, and which implies a second bailout for Portugal is looming near:


Portugal is fighting a losing battle to contain its public debt and may be forced to impose haircuts of up to 50pc on private creditors, according to a top German institute.

A report for the Kiel Institute for the World Economy said Portugal would have to run a primary budget surplus of over 11pc of GDP a year to prevent debt dynamics spiralling out of control, even in a benign scenario of 2pc annual growth.

"Portugal's debt is unsustainable. That is the only possible conclusion," said David Bencek, the co-author, warning that no country can achieve a primary budget surplus above 5pc for long. "We won't know what the trigger will be but once there is a decision on Greece people are going to start looking closely and realise that Portugal is the same position as Greece was a year ago."

Yields on Portugal's five-year bonds surged on Thursday to a record 18.9pc, reflecting fears that the country will need a second rescue from the EU-ECB-IMF Troika. Three-year yields hit 21pc.

Ilargi:
Or even the true meaning behind the steep drop in the Baltic Dry Index, on which Sebastian Walsh reports for Financial News:


Statistics from the Office of National Statistics this morning showed that the UK went into reverse in the last quarter of 2011, when the economy shrank by 0.2% – but as the Baltic Dry Index shows, the global economy is looking even more worrying.

The index – often used as a proxy for the health of the global economy as it reflects the prices charged for shipping commodities such as metals, coal or grain around the world – has fallen by 61% since October. The index was at 842 at yesterday’s close – down from its 12-month high of 2173 last October.

Nick Bullman, managing partner at risk consultant Check Risks, said the index is a good way of looking at the risks to the global economy, "as it tends to be where they hit first".


chart

According to Bullman, its initial collapse in October was driven primarily by a fall-off in demand from China, where declining housing prices pushed purchasing managers to cut back on orders for the raw materials whose transport the Baltic Dry Index reflects.

He said: "This collapse looks similar to the falls we saw in the Baltic Dry ahead of the recessions of the late 1970s and early 1990s – but this drop is actually steeper."

Bullman added that it was also a more direct indicator of global economic health than government-produced statistics. "Personally, I’m not interested in employment data and GDP figures because they’re manipulated," he said. [..]

Bullman said that shipping companies have also been deliberately slowing down their journeys to save fuel, with trips from China to the US going now taking around 50% longer than they were early in 2011.

Instead, he said he was surprised by how long the Baltic Dry took to fall. The NewContex index – an indicator of prices for transporting products in container ships – started falling in April last year. Bullman said: "When we saw that happening in April, we realised that risks had returned to pre-2008 levels. We thought the Baltic Dry would start falling too, but it was actually relatively resilient."

"What this is signalling is that the world economy is slowing down much more quickly than people have been thinking."

Ilargi:
The report I refer to in the title requires a little background info:

In Holland, where I'll be for a few more days, there's a "rogue" right-wing party named PVV (Party for Freedom). It has no cabinet ministers, but the minority moderate right-wing government needs its support to stay in the saddle. The PVV, like other European right-wingers, is, among many other things, against much of what the European Union stands for. It's certainly against the Euro, and the bailouts with Dutch taxpayer money of countries like Greece and Portugal.

A few months ago, the PVV announced they had commissioned a report from British financial consultancy firm Lombard Street Research on the economic consequences of staying in the Eurozone versus returning to the guilder.

That report is about to be published "within days". It will prove to be highly explosive material. And the PVV will do all it possibly can to make sure it receives a lot of media attention. It may tear down the incumbent government, which is a heavy advocate of all things Europe, and which will have to quit once the PVV support dies, but for that party that's not the no. 1 concern.

And if and when Holland has a large scale discussion on the report and the issues it raises, Germany won't be able to ignore it and stay behind. And then, neither will France.

Max Julius of Citywire.uk did a piece on the report, without mentioning it directly, 10 days ago:


Germany and the Netherlands are likely to quit the eurozone rather than swallow an indefinite number of 'unrequited transfers' to the union’s crisis-stricken nations, according to Charles Dumas, chief economist at Lombard Street Research.

Speaking at an event in central London, he said that before joining the single currency, German incomes had stayed level but their purchasing power had increased as the Deutschmark appreciated. With the weaker euro, the economist said, they have seen 'tremendous' wage restraint, leading to huge growth in German firms’ market share but ‘no serious growth of the economy’ and a squeeze on disposable incomes. Meanwhile, consumption rose elsewhere in the eurozone, he said.

'So what you’re actually dealing with here... is a German population which has had a rotten deal – and that’s why they’re all so angry' noted Dumas, who is also chairman of the macroeconomic forecasting consultancy. Branding the monetary union a 'suicide pact', he continued: 'So what this exercise in uniting Europe has achieved is to divide Europe.'

Dumas [noted that] the 'Club Med' nations needed about 5% of gross domestic product in annual debt refinancing 'more or less indefinitely'.

This would amount to €150 billion a year, of which Germany would have to stump up just over €60 billion, France a little under €50 billion and €15 billion from the Netherlands, he said. And this would be on top of the shortfall in consumer spending, in addition to the fact that wages and consumption may have to be held down in the future, Dumas warned.

Ilargi:
This morning, Dutch daily Algemeen Dagblad cited Dumas as saying these numbers are "cautious estimates". They are valid only if Greece and Portugal would leave the Eurozone in 2012 - which Dumas expects will happen -. If they don't, the payments will be even higher.

He predicts the costs of a return to the guilder will be much less than for instance the Dutch government's Central Planning Bureau claims, which warns of huge losses if Holland were to leave the Euro.

Dumas: "It's just like in a religion: first they promise you heaven, and if that doesn't work out, they threaten you with hell."


The economist dismissed the notion that the region would be able to turn itself around so as to make such support from its 'core' unnecessary. Citing the example of the persisting transfers from west to east Germany, he pointed out: 'The ones that need the money to flow in carry on needing the money to flow in, or just stay poor.'

Dumas also warned that austerity was only worsening Greece’s budget deficit, and that it was 'difficult to imagine' the deeply indebted state receiving the four quarterly batches of financing it is due this year. ‘It’s almost impossible to imagine people continuing to stump up the money, because they simply have not actually gone into this thing with the intention of unrequited transfers to Greece ad infinitum,’ he said as the country resumed talks with its creditors over a planned debt swap.

Calling the one-off damage of splitting up the eurozone 'seriously exaggerated', Dumas warned that as the crisis deepens, he believes 'Germany and the Netherlands will actually realise that they had better call it a day and jump out.'

Ilargi:
Sure, the Dutch government, and certainly the EU and the banking system, have formidable PR machineries at their disposal. We’ll see a lot of numbers being floated that contradict Lombard's report. And we'll have to wait a few days to see exactly what numbers Dumas et al. come up with.

But the people of Germany and Holland are already very nervous about the fact that they face austerity and budget cuts while billions of euros are transferred to southern Europe. Up until now, the fear of economic disaster predicted in unison by government leaders have kept them quiet. Now that a reputable economic research firm flatly contradicts these predictions, and states that, instead, it's staying within the Eurozone that will be the far more costly option, the people will grow increasingly restless.

Charles Dumas again, from Algemeen Dagblad:

"The Dutch people have lost thousands of euros in purchasing power per year since the currency was introduced."

Governments in Berlin and The Hague will have a lot of explaining to do. They have to do so against a backdrop of (near-)failing Greek debt swap talks, which will at the very least force them to admit that they have a lost tens of billions in taxpayer money to Club Med countries already.

With a second Portugal bailout waiting in the wings. And lots of negative news on Italy and Spain. And more domestic budget cuts.

They’ll realize that their governments have painted far too rosy pictures about the issues so far. And they’ll expect them to deliver more of the same. This is what we call a receding trust horizon.

It's not the report alone, it's the entire combination of factors. The report will "merely" serve as the catalyst that blows up the powder keg. It may take a few months, but it will happen. The publicity hungry rogue PVV party that commissioned it, followed by anti-Eurozone voices elsewhere, will make sure of that. -
Business Insider.

UPDATE: US Anticipates May As Tentative Date For Clash With Iran?!


A hurried decision not to de-commission the USS Ponce helicopter marine carrier after duty in Libya - but to refit it for deployment by May in the Persian Gulf as a floating base for commando teams - was confirmed by the US Pentagon and Navy Sunday, Dec. 29. This transportable floating base will expand the commandos' range in coastal areas and support counter-measure against mines which Iran has threatened to plant in the Strait of Hormuz in reprisal for the US-EU oil embargo. The SEALs will also take on Iran's menacing fleet of military speedboats.

Debkafile reports Tehran operates four different kinds of these craft in the Persian Gulf: 1. Small, fast vessels, each armed with a small missile for striking tankers and coastal oil targets around the Gulf region, such as export terminals. Earlier this month, Tehran claimed to have developed stealth cruise missiles capable of disabling aircraft carriers with a single shot. 2. Small, extra-fast boats armed with torpedoes. Iranian publications claim several such boats are capable of stealing up on US aircraft carriers and large warships from several directions without being detected and cause serious damage. 3. Floating bombs for kamikaze missions. These fast boats cannot be deflected after locking in on target, whether on sea or shore, and explode on contact. Iran used these floating missiles piloted by suicide squads to attack oil tankers in the Gulf in November 1987. Since then, their naval tacticians have upgraded this fleet with the technology gained from the British Bladerunner 51, a model of which Iran purchased some years ago. Since early January, the Pentagon has reported four cases of harassment by Iranian military boats sailing close to American warships in the Persian Gulf. 4. Boats carrying teams of Iranian marine frogmen trained for secret suicide underwater missions: One member of the boat's three-man crew dives close to the targeted ship and attaches a magnetic bomb to its hull.

Iran has scattered hundreds of speedboats of different types around uninhabited islands off the Iranian mainland, tucking them out of sight in well-hidden inlets and bays. The US commando teams based on the Ponce platform will have the task of ferreting out and destroying this fleet. The US Defense Department aims to get the Ponce ready for its new mission as a floating commando base with all possible speed. To save time, the US military published one no-bid contract for the engineering work, waiving normal procurement rules on the grounds that any delay presented a "national security risk." The contract carries pointers to the timeline expected in Washington for a military confrontation to erupt between the United States and Iran, as well as the form it may take, say debkafile's military sources. The target date for deploying the commando platform in the Persian Gulf in four or five months indicates Washington is preparing for military clashes to blow up with Iran in the late spring or early summer.

But according to debkafile's Iranian and military sources, the Iranian administration has expressed its determination to respond instantly to any diplomatic or military move or action of an offensive nature against the Islamic Republic. And so confrontation may come earlier than anticipated. Sunday, the Iranian parliament was due to vote on a motion to cut off oil supplies to Europe in response to the EU embargo declared last week. Tehran has made it clear it has no intention of standing idle until US and European oil sanctions go fully into effect on July 1 and knows that EU nations are not set up to forego 400,000 barrels of oil a day right now. Saudi Arabia, which pledged to make up the shortfall arising from oil sanctions against Iran, will not have the missing quantities on stream before May – at about the same time as the Ponce and its complement of SEAL commandoes are due to take up position in the Persian Gulf. Tehran may decide not to wait and opt for letting its speedboats loose before then to try and pre-empt American and European plans. - DEBKA.


GLOBAL VOLCANISM: Strong Seismic Swarm Continues at Santorini Volcano in Greece - Highly Unusual Swarm; Scientist Points to "Something Important"!

The highly unusual swarm of earthquakes SW of Santorini on the main fault zone that also defines the volcanic vents of the region continues with about 10 quakes larger than magnitude 2 during the past 24 hours. 2 of the quakes were magnitude 4 and 4.7, respectively.

Greek media start to pick up the story and become increasingly interested: Today the wall of silence seems to be falling as a major Sunday newspaper has exclusive interviews with a number of Greek seismologists and geologists on the matter and some information is now public.

1. Inflation.
From 1993 until 2010 there was deflation in the caldera of about 1cm/year, since the beginning of 2011 that has changed to inflation centered at a radius of 15 km on the north part of the caldera, rapid episodes of inflation have been recorded at intervals that coincide with bursts in seismic activity. Since August the intensity of the phenomenon warranted a rise to alert level 4 (red), where it has remained ever since.

2. Magma column.
A displacement of 107 cubic meters has been located 1km north of the central island of Nea Kameni at a depth of 4 km, it is hypothesized that it is a magma intrusion, located right at the center of the most seismicity active part of the caldera.

3. CO2.
Co2 levels have jumped to 39 tonnes/day along with the emission of other gasses, a rising gas column has been observed outside the port of Thirassia in the caldera (the island on the west rim).

4. Water temperature.
The rise in sea water temperature in the caldera has been confirmed.

Most of the Greek scientists have brushed any concerns saying that conditions are normal and that has happened before, Euthimios Lekkas, geologist from Athens University, even said on TV that there is no danger even of a large earthquake in the vicinity of the island, the next day there were 3 earthquakes magnitude 5 and above, 50 km to the SW at the other end of the fault line. Noticeable exception, foreign geologists have a very different opinion, Michelle Parks, a geologist from Oxford, mentioned that the evidence points to something important, there is volcanic activity and the volcano is now potentially active at depth. Consensus is that the volcano has woken up in early 2011, but opinions differ mainly on the lines of nationality of the scientists. - Volcano Discovery.




RATTLE & HUM: "Sounds Of the Apocalypse" - The SOTT Report Investigates the Mysterious Global Humming Noise Phenomena!

From as far back as 2008, video recordings of strange and disturbing noises that seem to come from the sky have been appearing on the internet. In the last 12 months, many more of these 'strange noise' videos have been recorded and uploaded by people from many different parts of the globe.


The precise origin and meaning of this phenomenon is, as yet, unknown. Are we dealing with a cosmic version of the 'bell tolling' for life on planet earth, or is there a more mundane explanation? - SOTT.
WATCH: The SOTT Report investigates.




PLANETARY TREMORS: 6.3 Magnitude Earthquake Shakes Coast of Central Peru! UPDATE: 98 Injured in Ica Tremor!

A earthquake of 6.3 magnitude rattled the coast of Peru early on Monday, the U.S. Geological Survey said, but there were no immediate reports of damage or injuries.

The quake occurred shortly after midnight local time (5 a.m. British time) and was centred about 9 miles (15 km) southeast of the city of Ica and about 170 miles (280 km) south-southeast of Lima.

Witnesses said the quake shook buildings in coastal Lima, Peru's capital. Although there were no reported injuries or damage, local radio said residents near the epicentre were alarmed and ran outside their homes when they felt the quake. Power was out in nearby Pisco, the radio said.

"We felt a terrible earthquake that's really scared us," Ica resident Blanca Cabanilla told the local radio. "It was similar to what happened to us in 2007." An 8.0 quake in 2007 killed more than 500 people in Ica and wrecked thousands of homes. - Reuters.
UPDATE: 98 Injured in Ica Tremor!
Ica Director National Institute of Civil Defense, Chonate César said that only the case of a patient with a fractured pelvis is gravity. A 98 is the number of injured rose by a strong earthquake in Ica and other regions of the country this morning, said the director at Ica National Institute of Civil Defense, César Chonate. Speaking to RPP Noticias, said that of all people served by health centers in Ica, only the case of a patient with a fractured pelvis represents gravity. "In so far now we have a consolidated average of 98 people injured have been treated in different hospitals, clinics, health centers," reported.

"There is only one case was a pelvic fracture is considered more serious, but all the rest have been bumps, cuts, bruises, which has been the product of people who in desperation to move to evacuate their homes have been shot the stairs, "he said. Regarding the damage, said not yet have an accurate report because it still remains to cover rural areas where the highest concentration of substandard housing. In this regard, said that around noon there will be a more complete report on the magnitude of the quake of 6.2 degrees of intensity in the Richter scale. - RPP [Translate].

WATCH: Raw Video - Peru Earthquake Injures 100+.