Archive for the ‘Breaking News’ Category
The Global Power Shift to the BRIC Nations – YouTube
Monday, April 1st, 2013BRICS: Dollar No Longer Reserve Currency? – YouTube
Monday, April 1st, 2013Is This The End of The Petro-dollar? – YouTube
Monday, April 1st, 2013Researchers successfully map fountain of youth – University of Copenhagen
Monday, April 1st, 2013
In collaboration with an international research team, University of Copenhagen researchers have for the first time mapped telomerase, an enzyme which has a kind of rejuvenating effect on normal cell ageing. The findings have just been published in Nature Genetics and are a step forward in the fight against cancer.
The mapping of telomerase may boost our knowledge of cancers and their treatment, says Stig E. Bojesen.Mapping the cellular fountain of youth – telomerase. This is one of the results of a major research project involving more than 1,000 researchers worldwide, four years of hard work, DKK 55 million from the EU and blood samples from more than 200,000 people. This is the largest collaboration project ever to be conducted within cancer genetics.
Stig E. Bojesen, a researcher at the Faculty of Health and Medicial Sciences, University of Copenhagen, and staff specialist at the Department of Clinical Biochemistry, Copenhagen University Hospital, Herlev, has headed the efforts to map telomerase – an enzyme capable of creating new ends on cellular chromosomes, the so-called telomeres. In other words, a kind of cellular fountain of youth.
“We have discovered that differences in the telomeric gene are associated both with the risk of various cancers and with the length of the telomeres. The surprising finding was that the variants that caused the diseases were not the same as the ones which changed the length of the telomeres. This suggests that telomerase plays a far more complex role than previously assumed,” says Stig E. Bojesen.
The mapping of telomerase is an important discovery, because telomerase is one of the very basic enzymes in cell biology. It relengthens the telomeres so that they get the same length as before embarking on cell division.
“The mapping of telomerase may, among other things, boost our knowledge of cancers and their treatment, and with the new findings the genetic correlation between cancer and telomere length has been thoroughly illustrated for the first time,” says Stig E. Bojesen.
Telomeres a cellular ‘multi-ride ticket’
The human body consists of 50,000,000,000,000 or fifty trillion cells, and each cell has 46 chromosomes which are the structures in the nucleus containing our hereditary material, the DNA. The ends of all chromosomes are protected by so-called telomeres. The telomeres serve to protect the chromosomes in much the same way as the plastic sheath on the end of a shoelace. But each time a cell divides, the telomeres become a little bit shorter and eventually end up being too short to protect the chromosomes.
Popularly speaking, each cell has a multi-ride ticket, and each time the cell divides, the telomeres (the chromosome ends) will use up one ride. Once there are no more rides left, the cell will not divide any more, and will, so to speak, retire. But some special cells in the body can activate telomerase, which again can elongate the telomeres.
Sex cells, or other stem cells which must be able to divide more than normal cells, have this feature. Unfortunately, cancer cells have discovered the trick, and it is known that they also produce telomerase and thus keep themselves artificially young. The telomerase gene therefore plays an important role in cancer biology, and it is precisely by identifying cancer genes that the researchers imagine that you can improve the identification rate and the treatment.
“A gene is like a country. As you map it, you can see what is going on in the various cities. One of the cities in what could be called Telomerase Land determines whether you develop breast cancer or ovarian cancer, while other parts of the gene determine the length of the telomeres. Mapping telomerase is therefore an important step towards being able to predict the risk of developing different cancers. In summary, our findings are very surprising and point in many directions. But as is the case with all good research, our work provides many answers but leaves even more questions,” says Stig E. Bojesen.
At a glance
Chromosome ends are capped by telomeres, which protect them from inappropriate DNA repair and maintain genomic integrity1. Telomeres consist of structural proteins2 combined with many hundreds of hexanucleotide DNA repeats3, 4, which are progressively shortened by normal cell division5, 6, 7. Shortening restricts the proliferation of normal somatic cells but not cancer cells, which can maintain long telomeres, usually via telomerase8, 9, 10, and may divide indefinitely. The TERT gene at 5p15.33 (NCBI gene 7015) encodes the catalytic subunit of telomerase reverse transcriptase, a key component of telomerase. Germline mutations in TERT cause dyskeratosis congenita, a cancer susceptibility disorder characterized by exceedingly short telomeres11. Although up to 80% of the variation of telomere length is estimated to be due to heritable factors12, 13, association studies of TERT SNPs and differences in leukocyte telomere length have so far been inconclusive14, 15, 16, 17. Furthermore, it is unclear whether telomere length, measured in leukocyte DNA, is predictive of cancer risk: retrospective studies report that cancer patients after diagnosis have shorter telomeres than unaffected controls18, 19, 20, 21, but prospective studies with DNA taken before diagnosis have been inconclusive19, 22, 23. SNPs at 5p15.33 are reported to be associated with risks of several human cancers14, 15, 16, 24, 25, 26, 27, 28, 29, 30, 31, 32, including certain subtypes of both ovarian33 and breast34 cancers.
Resulting from a common interest, members of each of the constituent consortia in the Collaborative Oncological Gene-environment Study (COGS) nominated SNPs surrounding the TERT locus for inclusion on a genotyping array. Consequently, the iCOGS array design included a combination of individual TERT gene candidate SNPs, as well as a more comprehensive set to fine-scale map the entire locus, for shared use by all consortia. This study had three aims: to assess SNPs across the TERT locus for all detectable associations with mean telomere length and breast and ovarian cancer subtypes; to fine-scale map this locus to identify potentially causal variants for the observed associations; and to evaluate the functional effects of the strongest candidate causative variants.
Researchers successfully map fountain of youth – University of Copenhagen.
Activist Post: 5 of 10 Top Economies in the World Drop the Dollar
Monday, April 1st, 2013The U.S Dollar is quickly losing its status as the world reserve currency. Five of the top ten economies in the world, plus a few others, no longer use the dollar as an intermediary currency for trade. This trend poses a huge risk to the dollar and the United States along with it.
ZeroHedge points out today that Australia, the world’s 12th-ranked economy, has now joined a growing list of nations that have agreed to bypass the dollar in bilateral trade with China. China, ranked 2nd behind the U.S., also has similar agreements with Japan (3rd), Brazil (6th), India (9th), and Russia (10th).
Although unilateral agreements have been in place for some time between China and the countries listed above, last week the BRICS (Brazil, Russia, India, China and South Africa) agreed to set up a development bank to compete with the IMF, indicating it’s gearing up to compete in a post-dollar world.
Additionally, Brazil, who agreed in principle to drop the dollar with bilateral trade with China some time ago, just made it official with $30 billion in annual currency swaps which will facilitate around 50% of all trade between them.
Besides those agreements with China, some of these nations have made other similar agreements with each other. India and Japan began swapping $15 billion in each other’s currency in 2011 to handle their bilateral trade. And the sanctions against Iran haven’t stopped them from trading oil with China, Russia, and India in anything but the dollar.
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It appears that the dollar is certainly nearing the end of its reign, which could lead to severe economic hardship for the United States.
Dave Hodges writes:
The United States’ good economic fortune is due solely to the fact that world must use the dollar, the Petrodollar if you will, in order to make their nation’s individual oil purchases; this provides the only source of backing for the U.S. dollar that the Federal Reserve requires in order to somewhat sustain our back-breaking debt that the banker-occupied United States government has passed along to the American taxpayer in the form of bailouts.
And Marin Katusa of Casey Research writes:
If the US dollar loses its position as the global reserve currency, the consequences for America are dire. A major portion of the dollar’s valuation stems from its lock on the oil industry – if that monopoly fades, so too will the value of the dollar. Such a major transition in global fiat currency relationships will bode well for some currencies and not so well for others, and the outcomes will be challenging to predict. But there is one outcome that we foresee with certainty: Gold will rise. Uncertainty around paper money always bodes well for gold, and these are uncertain days indeed.
America’s imperialism, combined with its ultra-fiat status of unending debt creation, appears to have created a final downward spiral that has caused many of the top economies to abandon a sinking ship. It might not be too much longer before the rest follow suit. Now might be a great time to consider diversifying into other currencies, and even digital currencies, to mitigate growing losses in the U.S. dollar.
Activist Post: 5 of 10 Top Economies in the World Drop the Dollar.
Phony Money :: Crash From ‘Unsustainable’ Fed-Fueled Bubble
Monday, April 1st, 2013The U.S. economy is in a bubble inflated by “phony money” from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.
In an essay published in the New York Times, Stockman wrote that the Fed’s quantitative easing policies in the aftermath of the credit crisis have flooded stock markets with cash even while the “Main Street economy” remains weak. The combination, he wrote, is “unsustainable.”
“When it bursts, there will be no new round of bailouts like the ones the banks got in 2008,” wrote Stockman, a former senior managing director at Blackstone Group LP and a former Republican congressman from Michigan.
“Instead, America will descend into an era of zero-sum austerity and virulent political conflict, extinguishing even today’s feeble remnants of economic growth.”
Stockman, 66, is the author of “The Great Deformation: The Corruption of Capitalism in America,” which will be published April 2.
The Fed, led by Ben S. Bernanke, is purchasing $85 billion in assets every month. The Fed is leaving its key interest rate near zero while it tries to reduce unemployment below 6.5 percent and hold inflation below 2.5 percent.
The Standard & Poor’s 500 Index rose to an all-time high last week, closing at 1,569.19 on March 28. That surpassed the previous record of 1,565.15 set in October 2007. U.S. stock markets were closed March 29 for the Good Friday holiday.
Gold Standard
Among the other culprits Stockman blamed for what he termed a “state-wreck” are President Franklin Delano Roosevelt for weakening the gold standard in 1933, President Richard Nixon for removing the convertibility of dollars to gold and “lapsed hero” Alan Greenspan, the former Fed chairman, for keeping interest rates too low for too long.
Investors will sell, Stockman wrote, at any hint that the Fed is starting to remove assets from its balance sheet.
“Notwithstanding Bernanke’s assurances about eventually, gradually making a smooth exit, the Fed is domiciled in a monetary prison of its own making,” he wrote, warning of unsustainable fiscal policies as well. “These policies have brought America to an end-stage metastasis. The way out would be so radical it can’t happen.”
Paul Krugman, the Princeton University economist and New York Times columnist, responded on his blog yesterday, saying that he was “disappointed” in Stockman’s “gee-whiz, context- and model-free numbers embedded in a rant — and not even an interesting rant.”
Krugman called Stockman’s piece “cranky old man stuff,” and summarized it this way:
“We’ve been doomed, yes doomed, ever since FDR took us off the gold standard and introduced unemployment insurance. What about those 80 years of non-doom? Just a series of lucky accidents. Now we’re really doomed. I mean it!”
Video: Economist Predicts ‘Unthinkable’ for 2013
Urgent: Should Obamacare Be Repealed? Vote Here Now!
DR RICHARD A MILLER: ESP, MIND CONTROL AND THE NEW ALCHEMICAL PARADIGM; NEXUS CONFERENCE – YouTube
Monday, April 1st, 2013Jeb Bush: Entitlement System Will Collapse If We Don’t Act Now
Monday, April 1st, 2013Former Florida Gov. Jeb Bush has written the cover story for the April edition of Newsmax magazine, offering an optimistic view of America’s future — and straight talk about its problems — with the resounding message: “Growth is the answer” to our nagging economic woes.
And the leading Republican sat down with Newsmax for a wide-ranging interview elaborating on a number of topics he discusses in his magazine feature, arguing that America can be great again if we open up the doors to economic opportunity.
Bush, who served two terms as Florida’s governor, has earned a nationwide reputation for reform proposals in the fields of education and immigration. He is founder and chairman of the Foundation for Excellence in Education, author of the new book “The Immigration Wars: Forging an American Solution” — co-written with constitutional law expert Clint Bolick — and is considered a strong contender for the GOP presidential nomination in 2016.
Bush’s Newsmax magazine piece stresses the need for economic growth to deal with the nation’s debt and deficit problems.
In his exclusive interview with Newsmax TV, he was asked if growth alone will solve those problems.
Story continues below.
“If we grew at 2 percent more per year than what’s projected, which is anywhere from 1 to 1.5 percent per year in real terms, we would create a Germany in terms of incremental economic output in the 10th year,” he says. “And that Germany would be taxed at the current rate at least to the tune of about $1 trillion.
“There is no tax plan that could come close to [that].
“The president, almost every time he has a chance to speak, talks about the need for high growth, but his policies do the exact opposite. His policies have created the most tepid recovery in modern American history.
“The dual effect of high growth creating higher income that’s taxed by government at all levels, combined with lessening demands placed on government that occurs during economic prosperity, is a worthy objective.
“Right now we have this discussion of austerity versus government spending, when in fact what we ought to be doing is [determining] how we can invest in the private sector, creating investment opportunities and job creating opportunities that create the kind of growth that lessens government’s involvement in all this. That’s what’s missing and the president has a duty to outline specific proposals that will create economic growth. Up until now I don’t think he’s done it.”
Bush suggests that Republicans could be talking too much about the debt and deficit instead of growth.
“It’s a principled position to say that we have to live within our means, and over time you can do that and we should do that. But the fastest way to get to that is in combination with high growth. It’s also a winning political message to embrace the dynamic nature of our economy. It’s much better than just saying, ‘world coming to end. Memo to follow.’
“We should be much more hopeful and optimistic about the future of our country. If you just see the trends in the life science area and telecommunications and information technology, we’re living in the most wondrous time ever in human history, and globally the United States is a leader. We should be excited about the future and creating strategies to ensure that we create long-term, sustained economic growth.”
Reform should start with energy, immigration policy, regulations, the tax code, and education, Bush states.
“They’re the set of policy objectives that we should embrace, not all of which are ideological either. The sad thing is the dysfunction in Washington right now limits the ability even when there’s enough consensus to move forward.”
During the presidential campaign, Mitt Romney was criticized for not putting specifics on the table, particularly regarding entitlement cuts and taxes. But Bush believes lawmakers and candidates can get specific without getting bogged down in minutiae.
“First of all you have to inform. You can’t just assume that everybody has the facts,” he maintains.
“Most of the cuts we’re talking about are cuts in the growth of spending, not actual cuts, and there are people in Washington that have [offered] specific proposals, Paul Ryan being perhaps the most obvious one. He was Mitt Romney’s running mate and a courageous and inspired choice, and they did defend those so-called cuts for a while, then they kind of reverted back to trying to make the election about the president, exclusively a referendum on his job performance.
“. . . The lesson of 2012 is be bold, be specific, persuade, don’t follow polls, don’t be driven by what people’s feelings are here and now because those opinions can shift if you make a compelling case.”
But Bush does agree that the entitlement system is “unsustainable” and “no one argues that we can keep doing what we’re doing. So either we have it collapse or we change it to protect it.”
Among the changes he suggests are “raising the retirement age to reflect the life expectancy increase that’s been dramatic, means testing some of the entitlement programs over time. We have to reform healthcare underneath the entitlement system as well so that the cost curve is dealt with, which means we should move toward catastrophic coverage as the form of insurance and reward healthy lifestyle decisions and focus on prevention to lessen cost by improving healthcare outcomes.”
Bush favors eliminating tax loopholes and reducing taxes to the lowest possible rates
“If you eliminate as many of the deductions as possible, you would create a boom of economic activity. You would lessen compliance costs. Right now, whether it’s a small business guy or a private person, people pay an arm and a leg for just the simple compliance costs. Now, you have to pay a lot of money because our code’s way too complex. My personal belief is the simpler the code, the better it is.”
Asked if he would be willing to give up the mortgage interest deduction if tax rates are lowered, Bush responds: “I would. To me, the better way of doing this would be to say, all of the tax code expires” and must be rebuilt from the ground up.
“That would be a better approach because people could see the benefits of a simpler code and the empowering nature of that. People could keep more of their own money, make decisions for themselves, and not effectively get in line to get their version of some tax expenditure or tax credit. [We would] lower the rates significantly and create a burst of economic activity for our country.”
In his Newsmax magazine article, Bush never once mentions President Obama or the Democrats.
He tells Newsmax TV that other Republicans could be too focused on talking about what the opposition is doing instead of what they have to offer.
“We’ve gotten a little far removed from where we once were not that long ago, which is the party of reform, the party of new thinking, the party of ideas, the party that embraces the future.
“There’s a reason why in my recent speeches and the Newsmax article that I didn’t mention the president. The president’s record on economic policy is a failed one, but we’re not going to win the day unless we have a compelling alternative and that’s where the focus needs to be.
“In Washington, particularly, the loyal opposition has a job to be the opposition. But you can’t stop there. You have to oppose in a principled, civil way but you also have to offer alternatives.
“There are a lot of reasons why the election turned out the way it did. All I know for sure is that I wish Mitt Romney was president right now because he’d be a practical person trying to forge common-sense solutions to these big, dysfunctional challenges we face.”
On education, Bush writes in his magazine cover story about the need to increase the choices that are available to parents and students.
To do that, he tells Newsmax we need to “change laws. We have 50 states that are the governance model or the catalyst for how governance operates. We have 13,000 government-run monopolies, heavily unionized. And in that kind of setting, it should not be a surprise that the economic interests of the adults is really a dominant part of education life in America today.
“We have a third of our kids that don’t make it through the system, even though we spend more per student than any country in the world. And a lot of students could be doing college-level work by the time they’ve graduated from high school but in effect they’re held back because we’ve got this adult-centered homogenized learning model.
“What the Foundation for Excellence in Education is trying to do is to help policymakers in our 50 states open up their laws to allow more innovation to take place.
“We’re putting too much emphasis on the college experience. The country’s moving towards fewer standards that require critical thinking skills both for going to college as well as for being able to get a job in some technical skill or career-oriented avocation. So the skills necessary for both paths need to be higher.”
Bush in his magazine article cites the need to strengthen family values as a way to boost our economy.
“It’s really important to recognize that family life in America has changed pretty dramatically,” he tells Newsmax TV.
“For the first time in American history there are fewer married women than unmarried women in the age cohort that’s measured. We’ve had dramatic increases in out-of-wedlock birth rates. Every study that I’ve seen suggests that if a young woman doesn’t have a child before she’s married and she can defer marriage [until] she’s 25 and can graduate from high school, the chance of her living in poverty is dramatically reduced, and similarly with men.
“If we get that right then we can have a chance of creating economy prosperity over the long haul. If we don’t get it right, it really does change who we are as a nation and it creates enormous strains.“
Bush also says there is an “inverse relationship” between liberty and the size and scope of government, and agrees with Sen. Rand Paul that the Republican Party needs to embrace more libertarian ideas.
He also talks at length about the immigration policies espoused in his controversial new book.
And he ends his Newsmax interview on an optimistic note, stating that “I just have total confidence that a dynamic world will yield benefits that we can’t even imagine.
“If you believe like I do that the world is abundant with possibilities, then we need to make sure we build capacity so that everybody is successful or can be successful in the pursuit of their dreams — not the dreams of someone from government, but their own dreams.”
Jeb Bush: Entitlement System Will Collapse If We Don’t Act Now.
What is neoliberalism?
Monday, April 1st, 2013People often boggle at the use of the word “neoliberal”; as if the utterer were some kind of crazed tinfoil hat wearing conspiracy theorist raving about insane lizard-man conspiracies, rather than someone attempting to concisely define the global economic orthodoxy of the last three decades or so.
One of the main problems we encounter when discussing neoliberalism is the haziness of the definition. Neoliberalism is certainly a form of free-market neoclassical economic theory, but it quite difficult to pin down further than that, especially since neoliberal governments and economists carefully avoid referring to themselves as neoliberals and the mainstream media seem to avoid using the word at all costs (think about the last time you saw a BBC or CNN news reporter use the word “neoliberal” to describe the IMF or a particularly right-wing government policy).
The economic model that the word “neoliberalism” was coined to describe was developed by the “Chicago school” economists in the 1960s and 1970s based upon Austrian neoclassical economic theories, but heavily influenced by Ayn Rand’s barmy pseudo-philosophy of Übermenschen and greed-worship.
The first experiment in applied neoliberal theory began on September 11th 1973 in Chile when a US backed military coup resulted in the death of social-democratic leader Salvador Allende and his replacement with the brutal military dictator General Pinochet. Thousands of people were murdered by the Pinochet regime for political reasons and tens of thousands more were tortured, as Pinochet and the “Chicago boys” set about implementing neoliberal economic reforms and brutally suppressing anyone that stood in their way. The US financially doped the Chilean economy in order to create the impression that these rabid-right wing reforms were successful. After the “success” of the Chilean neoliberal experiment the instillation and economic support of right-wing military dictatorships to impose neoliberal economic reforms became unofficial US foreign policy.
The first of the democratically elected neoliberals were Margaret Thatcher in the UK and Ronald Reagan in the US. They both set about introducing ideologically driven neoliberal reforms, such as the complete withdrawal of capital controls by Tory Chancellor Geoffrey Howe and the deregulation of the US financial markets that led to vast corruption scandals like Enron and the neoliberal economic meltdown. By 1989 the ideology of neoliberalism was enshrined as the economic orthodoxy of the world as undemocratic Washington based institutions such as the International Monetary Fund (IMF), the World Bank and the US Treasury Department signed up to a ten point economic plan which was riddled with neoliberal ideology such as trade liberalisation, privatisation, financial sector deregulation and tax cuts for the wealthy. This agreement between anti-democratic organisations is misleadingly referred to as “The Washington Consensus”.
These days the IMF is the most high profile pusher of neoliberal economic policies. Their strategy involves applying strict “structural adjustment” conditions on their loans. These conditions are invariably neoliberal reforms such as privatisation of utilities and government owned industries, tax cuts for corporations and the wealthy, the abandonment of capital controls, the removal of democratic controls over central banks and monetary policy and the deregulation of financial industries.Neoliberal economic policies have created economic disaster after economic disaster, virtually wherever they have been tried out. Some of the most high profile examples include:
South Africa: When the racist Apartheid system was finally overthrown in 1994, the new ANC government embraced neoliberal economic theory and set about privatising virtually everything, cutting taxes for the wealthy, destroying capital controls and deregulating their financial sector. After 18 years of neoliberal government, more black South Africans are living in extreme poverty, more people are unemployed and South Africa is an even more unequal society than it was under the racist Apartheid regime. Between 1994 and 2006 the number of South Africans living on less than $1 a day doubled from 2 million to 4 million, by 2002, eight years after the end of Apartheid 2002 the unemployment rate for black South Africans had risen to 48%.*
Russia: After the fall of communism, neoliberal economists flooded into Russia to create their free-market utopia, however all they managed to do was massively increase levels of absolute poverty, reduce productivity and create a few dozen absurdly wealthy oligarchs who siphoned their $trillions out of Russia to “invest” in vanity projects such as Chelsea FC. Within less than a decade of being one of the world’s two great super-powers, the neoliberal revolution resulted in Russia defaulting on their debts in 1998.
Argentina: Praised as the poster-boys of neoliberalism by the IMF in the 1990s for the speed and scale of their neoliberal reforms, the Argentine economy collapsed into chaos between 1999-2002, only recovering after Argentina defaulted on their debts and prioritised repayment of their IMF loans, which allowed them to tear up the IMF book of neoliberal dogma and begin implementing an investment based growth strategy which boosted the Argentine economy out of their prolonged recession. The late Argentine President Néstor Kirchner famously stated that the IMF had “transformed itself from being a lender for development to a creditor demanding privileges“.
The Eurozone: The right-wing love to drivel on about how the EU is a “leftie” organisation, but the unelected technocrats that run the EU (the European commission and the European Central Bank) are fully signed up to the neoliberal economic orthodoxy, where economic interests are separated from democratic control. Take the economic crisis in Greece: The EC and the ECB lined up with the neoliberal pushing IMF to force hard line neoliberal reforms onto the Greek economy in return for vast multi-billion “bailouts” that flowed directly out of Greece to “bail out” their reckless creditors (mainly German and French banks). When the neoliberalisation reforms resulted in further economic contraction, rising unemployment and worsening economic conditions the ECB, EC, IMF troika simply removed the democratic Greek government and appointed their own stooge, an economic coup trick they also carried out in Italy. Spain and Ireland are other cracking examples of neoliberal failure in the Eurozone. These two nations were more fiscally responsible than Germany, France or the UK in terms of government borrowing before the neoliberal economic meltdown, however their deregulated financial sectors inflated absurd property bubbles, leaving the Irish and Spanish economies in ruins once the bubbles burst around 2007-08.
The United Kingdom: Here is a short article summarising how three decades of neoliberal policy have undone many of the gains made during the mixed-economy era.
Despite this litany of economic failures, neoliberalism remains the global economic orthodoxy. Just like any good pseudo-scientific or religious orthodoxy the supporters of neoliberal theory always manage to come up with a load of post-hoc rationalisations for the failure of their theories and the solutions they present for the crises their own theories induced are always based upon the implementation of even more fundamentalist neoliberal policies.
One of the most transparent of these neoliberal justification narratives is the one that I describe as the Great Neoliberal Lie: The fallacious and utterly misleading argument that the global economic crisis (credit crunch) was caused by excessive state spending, rather than by the reckless gambling of the deregulated, neoliberalised financial sector.
Just as with other pseudo-scientific theories and fundamentalist ideologies, the excuse that “we just weren’t fundamentalist enough” is always there. The neoliberal pushers know that pure free-market economies are as much of an absurd fairytale as 100% pure communist economies, however they keep pushing for further privatisations, tax cuts and deregulations precicely because they are the direct beneficiaries of these policies. Take the constantly widening wealth gap in the UK throughout three decades of neoliberal policy. The minority of beneficiaries from this ever widening wealth gap are the business classes, financial sector workers, the mainstream media elite and the political classes. It is no wonder at all that these people think neoliberalism is a successful ideology. Within their bubbles of wealth and privilege it has been, to everyone else it has been an absolute disaster.
Returning to a point I raised earlier in the article; one of the main problems with the concept of “neoliberalism” is the nebulousness of the definition. It is like a form of libertarianism, however it completely neglects the fundamental libertarian idea of non-aggression, in fact it is so closely related to that other (highly aggressive) US born political ideology of Neo-Conservatism that many people get the two concepts muddled up. A true libertarian would never approve of vast taxpayer funded military budgets and the waging of imperialist wars of aggression.
Another concept that is closely related to neoliberalism is the ideology of minarchism (small stateism), however the neoliberal brigade seem perfectly happy to ignore the small-state ideology when it suits their personal interests. Take the vast banker bailouts (the biggest state interventions in human history) that were needed to save the neoliberalised global financial sector from the consequences of their own reckless gambling or the Tory policy of bringing in government imposed alcohol price fixing measures.
The Godfather of neoliberalism was Milton Friedman. He made the case that illegal drugs should be legalised in order to create a free-market drug trade, this is politically inconvenient, so unlike so many of his neoliberal ideas that have consistently failed yet remain incredibly popular with the wealthy elite, Friedman’s drug legalisation proposals have never even been tried out.
The fact that neoliberals are so often prepared to ignore the fundamental principles of libertarianism (the non-aggression principle, drug legalisation) and abuse the fundamental principles of small state minarchism (vast taxpayer funded bailouts for their financial sector friends, £billions in taxpayer funded outsourcing contracts, alcohol price fixing schemes) demonstrate that neoliberalism is actually more like Ayn Rand’s barmy (greed is the only virtue, all other “virtues” are aberrations) pseudo-philosophical ideology of objectivism than a set of formal economic theories.
Neoliberal fanatics in powerful positions have demonstrated time and again that they will willingly ditch their right-wing libertarian and minarchist “principles” if those principles happen to conflict with their own personal self-interest. Neoliberalism is less of a formal set of economic theories than an error strewn obfuscation narrative to promote the economic interests, and justify the personal greed of the wealthy, self-serving establishment elite.
Activist Post: New Study Suggests Disturbing Link Between Fracking and Large Earthquakes
Monday, April 1st, 2013![]() |
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Kevin Samson
Activist Post
There has been an ongoing battle between researchers and the natural gas and oil industries over whether or not hydraulic fracturing (fracking) is definitively leading to an increase in earthquake activity.
Since September of 2010, nearly 1,000 earthquakes have rattled Arkansas and the area around the New Madrid Fault Line. Previous to this, Arkansas had a total of 38 quakes in 2009. Yet two cities, Greenbrier and Guy had a swarm of 30 small earthquakes in a four-day period in early 2011, which paralleled fracking activity in the same area.
Now, a study has appeared from The Geology Society of America, which investigated the largest of the quakes that rattled Oklahoma and 17 other states in November of 2011. While supporting the research of others in establishing a causal link between fracking and earthquakes, they appear to have found another even more troubling aspect to the data.
According to the RMA, “The Rocky Mountain Arsenal deep injection well was constructed in 1961, and was drilled to a depth of 12,045 feet” and 165 million gallons of Basin F liquid waste, consisting of “very salty water that includes some metals, chlorides, wastewater and toxic organics” was injected into the well during 1962-1966.
Why was the process halted? “The Army discontinued use of the well in February 1966 because of the possibility that the fluid injection was “triggering earthquakes in the area,” according to the RMA. (Source)
They drew this conclusion even after the EPA stated that this method of deep injection was safe. Over the decades that would follow, both the U.S. Army Corps of Engineers and the U.S. Geological Survey would accumulate data that showed a link between fracking and underground instability that can trigger earthquakes.
One of the first large studies of an Oklahoma earthquake swarm which began early in 2011 was conducted by the Oklahoma Geological Survey. The results were released in August of 2011 and conclude with a probable correlation within this event, as well as citing a connection made from the historical record:
The strong correlation in time and space as well as a reasonable fit to a physical model suggest that there is a possibility these earthquakes were induced by hydraulic fracturing.
Our analysis showed that shortly after hydraulic fracturing began small earthquakes started occurring, and more than 50 were identified, of which 43 were large enough to be located. Most of these occurred within a 24 hour period after hydraulic fracturing operations had ceased. There have been previous cases where seismologists have suggested a link between hydraulic fracturing and earthquakes, but data was limited, so drawing a definitive conclusion was not possible for these cases. The first case occurred in June 1978 in Carter and Love Counties, just south of Garvin County, with 70 cases in 6.2 hours. The second case occurred in Love County with 90 earthquakes following the first and second hydraulic fracturing stages. [Nicholson and Wesson, 1990] (Source)
Given the aforementioned documentation by the U.S. Army and the U.S. Geological Survey, the data is beginning to look conclusive.
However, there is one more concern that is addressed in the most recent study conducted by the Geological Society of America, a non-profit organization with tens of thousands of members from nearly 100 countries. According to the abstract of this study, which looked most specifically at the largest earthquake reported, a 5.7 event that occurred in November (after the study cited above):
Significant earthquakes are increasingly occurring within the continental interior of the United States, including five of moment magnitude (Mw) ≥ 5.0 in 2011 alone. Concurrently, the volume of fluid injected into the subsurface related to the production of unconventional resources continues to rise. Here we identify the largest earthquake potentially related to injection, an Mw 5.7 earthquake in November 2011 in Oklahoma. The earthquake was felt in at least 17 states and caused damage in the epicentral region. It occurred in a sequence, with 2 earthquakes of Mw 5.0 and a prolific sequence of aftershocks.
(…)
Subsurface data indicate that fluid was injected into effectively sealed compartments, and we interpret that a net fluid volume increase after 18 yr of injection lowered effective stress on reservoir-bounding faults. Significantly, this case indicates that decades-long lags between the commencement of fluid injection and the onset of induced earthquakes are possible, and modifies our common criteria for fluid-induced events. The progressive rupture of three fault planes in this sequence suggests that stress changes from the initial rupture triggered the successive earthquakes, including one larger than the first [emphasis added]. (Source)
This is a worrisome conclusion which seems to indicate that even if fracking is halted, earthquake activity can continue as a result of previous activity, and earthquake magnitude can increase over time.
Much more studying needs to be done to confirm the above, and the full results still need to be scrutinized by the scientific community. However, in light of the worries already surrounding the historically dangerous New Madrid Fault Line, we should hope that definitive action is taken sooner rather than later to halt a process that is dubious at best, and cataclysmic at worst.
Note: beyond the risk of earthquakes, fracking has other horrendous consequences. To see what life is like for some residents within fracking zones, please do not miss the film Gasland.
Activist Post: New Study Suggests Disturbing Link Between Fracking and Large Earthquakes.
Rense & Jeffrey Smith – New Monsanto Attack – Total DNA Control 1/2 – YouTube
Monday, April 1st, 2013Time Travel: The Mind
Monday, April 1st, 2013Everyone but China TPP Trade Deal Threatens Sovereignty and Public Ownership – YouTube
Sunday, March 31st, 2013Supeme Court Justice Antonin Scalia Leaving U.S.
Sunday, March 31st, 2013
The New Yorker – by ANDY BOROWITZ
WASHINGTON (The Borowitz Report)—Justice Antonin Scalia dropped a bombshell on the Supreme Court today, announcing his decision to resign from the Court “effective immediately” and leave the United States forever.
Calling this week “by far the worst week of my life,” Justice Scalia lashed out at his fellow-Justices and the nation, saying, “I don’t want to live in a sick, sick country that thinks the way this country apparently thinks.”
Justice Scalia said that he had considered fleeing to Canada, “but they not only have gay marriage but also national health care, which is almost as evil.”
He said the fact that nations around the world recognizing same-sex marriage are “falling like deviant dominoes” would not deter him from leaving the United States: “There are plenty of other countries that still feel the way I do. I’ll move to Iran if I have to.”
Throwing off his robe in a dramatic gesture, Justice Scalia reserved his harshest parting shot for his fellow-Justices, screaming, “Damn you! Damn each and every one of you to hell! You call yourself judges? That’s a good one. You’re nothing but animals!”
Breathing heavily after his tirade, he turned to Justice Clarence Thomas and said, “Except you, Clarence. Are you coming with me?”
Justice Thomas said nothing in reply.





