• Category Archives Ecology
  • You’re Likely A Lot Less Prepared For Crisis Than You Realize

    It seems as if Mother Nature is waking up. Either she’s trying to send humans an important warning, or perhaps she’s just out to kill us all.
    Massive storms across the globe, earthquakes, and collapsing ecosystems all combine to remind us that we are indeed intimately connected to our planet’s natural systems. And that our well-being rests on staying on Mother Nature’s good side.
    Well, Mother Nature has seemed pretty pissed at us of late. Her recent punishments should be taken as a disciplinary wake-up call: It’s time.
    It’s time to prepare, everyone. Way past time.
    And it’s time to recognize that there are multiplying failure points across the many systems we depend on for our way of life — both natural and man-made. For example:
    The wealth gap between the rich and the poor is now grossly obscene and yet still growing wider. Our industrially-farmed soils are being depleted of their nutrients. Species are going extinct every single day. Global oil consumption ticks higher every year. Stock price overvaluation is about the highest it’s ever been. Bonds have never been more expensive (i.e. yields have never been lower) in all of recorded history. Debt levels have never been higher (both globally and, in most cases, locally). The planet’s population continues to explode (7.5 billion today, 10 billion by 2050) while key resources deplete at accelerating rates. Only the foolish, or the seriously self-deluded, would think that these observations and trends will be consequence-free.

    This post was published at PeakProsperity on Friday, September 22, 2017,.


  • Earthquake Detected Near North Korea Nuclear Test Site; China “Suspects Explosion”

    In what may be the latest major escalation involving North Korea – and potentially the nation’s 7th nuclear test – China’s earthquake administration said it detected a magnitude 3.5 earthquake in North Korea, which it suspects “was caused by an explosion”, raising fears that the rogue state has tested another nuclear bomb. The Chinese administration said in a statement on its website that the quake was recorded at a depth of zero kilometers, while Xinhua said the epicenter was in roughly the same place as a similar shallow earthquake on 3 September, which turned out to be caused by North Korea’s sixth and largest nuclear test.
    ***
    However, in analyzing the same earthquake, South Korea came to a different conclusion, and said it was likely to be natural or man-made such as a nuclear test. South Korea’s weather agency assessed the seismic activity as a natural event.
    “The quake is presumed to have occurred naturally,” an agency official said, according to South Korea’s Yonhap news agency. “A sound wave, which is usually generated in the event of an artificial earthquake, was not detected.”

    This post was published at Zero Hedge on Sep 23, 2017.


  • Active Volcano Mt. Rainer Shaken By ‘Swarm’ Of 23 Earthquakes

    Don’t panic – it’s only an active volcano. What’s the worst that could happen?
    Some two dozen earthquakes have shaken Washington State’s Mt. Rainer over the past two weeks – but seismologists say people who live nearby shouldn’t panic.
    ‘In the past, these swarms last a couple of days to a week or so and then die out,’ said Paul Bodin, of the Pacific Northwest Seismic Network at the University of Washington.
    The first of the 23 quakes struck on Sept. 11 near the volcano’s summit. The largest of the quakes registered magnitude 1.6. During the same period, Mexico experienced two of the deadliest earthquakes in decades.

    This post was published at Zero Hedge on Sep 21, 2017.


  • A Look At How Nestle Makes Billions Selling You Groundwater In A Bottle

    A few weeks ago we shared with readers a lawsuit filed in Connecticut against Nestle Waters North America, Inc. alleging that the water they marketed as Poland ‘Natural Spring Water’ was actually just bottled groundwater…the same water that runs through the taps of many American households.
    Now a new investigation from Bloomberg Businessweek reveals how large water bottling companies choose their plant locations based not on the steady supply of pristine, natural drinking water, as their labels and other marketing campaigns would lead you to believe, but based on which economically depressed municipalities offer up the most tax breaks and have the most lax water laws.
    As an example, even in the drought stricken state of California, Bloomberg notes that Nestle was able to strike a sweetheart 20-year supply agreement with the U. S. Forest Service to pay roughly $0.000001 for the water in each bottle that consumers blindly drop a couple bucks to purchase.

    This post was published at Zero Hedge on Sep 21, 2017.


  • 32 Children Dead, 30 More Missing In Rubble Of Collapsed Mexico City School

    More than 30 students have been confirmed dead, and 30 more are missing, as rescuers sift through the rubble of the Enrique Rebsamen primary and secondary school, a private school that was one of 44 buildings in Mexico City that collapsed during Tuesday’s historic earthquake. According to the Associated Press, a wing of the three-story school pancaked into a pile of concrete slabs during the quake, killing dozens and leaving dozens more trapped in the wreckage.
    Soldiers and volunteers toiled through the night to try and free the trapped schoolchildren and staff. At least and five teachers, and 32 students, have been confirmed dead. The 7.1 magnitude quake shook Central Mexico, leaving at least 250 people dead in the deadliest earthquake since a 1985 quake that left 5,000 dead. Bizarrely, Tuesday’s quake occurred on the 32nd anniversary of the 1985 quake. Two children were rescued from the rubble, but 30 more people are still missing, local media reported.

    This post was published at Zero Hedge on Sep 20, 2017.


  • Dramatic Footage Of Mexico Earthquake Shows Buildings Collapsing Into Rubble

    Mexico City Mayor Miguel ngel Mancera Espinosa has said that 44 buildings in Mexico city have collapsed, and potentially hundreds more have been seriously damaged, by Tuesday’s earthquake. The 7.1-magnitude quake shook Central Mexico. With 119 dead at last count, the quake is the deadliest to strike Mexico since the one that killed 5,000 people 32 years ago today…
    Over the last few hours, stunning video footage depicting buildings collapsing and smoking billowing from the rubble have appeared on Twitter. Here’s a collection of some of the most dramatic videos.
    In one video, what looks like a warehouse suddenly collapses, sending a giant plume of smoke into the sky…

    This post was published at Zero Hedge on Sep 19, 2017.


  • Really Bad Ideas, Part 4: Federal Flood Insurance

    As Hurricanes Harvey and Irma wreaked their havoc over the past couple of weeks, several interconnected questions popped up, the answers to which make us look, to put it bluntly, like idiots.
    Why, for instance, are there suddenly so many Cat 4 and 5 hurricanes? Is this due to man-made climate change and is this summer therefore our new normal? The answer: Maybe, but that misses the point. There have always been huge storms (like the one that wiped Galveston, TX off the map in 1900, long before global warming was a thing), and barring another ice age there always will be. So the US east coast will remain one of Mother Nature’s favorite targets.
    A second (and vastly more pertinent) question is why we’ve been encouraging millions of people to move into this bulls-eye in recent decades. Since 2000, Houston and surrounding Harris County have added 1.2 million people. Since 1980 Florida has added 10 million people – most of them in the coastal corridor from Miami to Fort Lauderdale.
    Seems a little unwise, doesn’t it, to put tens of millions of people and millions of houses and cars where they’re guaranteed to be damaged or destroyed by inevitable future storms. But it’s not an accident. Government programs actively encourage this migration by picking up part or all of the tab for homes that are flooded by storms. The result: A massive and growing liability for future damage on top of all the other massive and growing liabilities for Medicare, Social Security, underfunded state and local pensions, etc. From last week’s Wall Street Journal:
    One House, 22 Floods: Repeated Claims Drain Federal Insurance Program
    Brian Harmon had just finished spending over $300,000 to fix his home in Kingwood, Texas, when Hurricane Harvey sent floodwaters ‘completely over the roof.’

    This post was published at DollarCollapse on SEPTEMBER 19, 2017.


  • At Least 139 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

    God bless the people of Mexico City. We are with you and will be there for you.
    — Donald J. Trump (@realDonaldTrump) September 19, 2017

    Update 9 (9:10 pm ET): The head of Mexico’s National Civil Defense agency says the death toll from a major earthquake that rattled the center of the country has reached 139.
    Luis Felipe Puente said 64 people had died in the state of Morelos, just south of Mexico City, though local officials reported only 54.
    In addition, 36 people died in Mexico City, 29 in Puebla state, nine in the State of Mexico and one in Guerrero.
    Update 8 (7:15 pm ET): Death toll from Mexico earthquake now at 119, according to state and city officials.
    That makes it the deadliest to hit the country since the 1985 quake that, in an incredible coincidence, occurred exactly 32 years ago today, surpassing the death toll from another earthquake the shook the region less than two weeks ago.
    * * *
    Update 7 (6:50 pm ET): Mexico City government says 30 dead in capital, bringing nationwide total to 94, according to AP.
    Mexico City Mayor Miguel Angel Mancera said that the number of buildings that collapsed has risen to 44, and that between 50 and 60 people have been pulled alive from rubble.
    Horrifying videos of buildings crumbling into piles of rubble continue to emerge on Twitter

    This post was published at Zero Hedge on Sep 19, 2017.


  • At Least 119 Dead, 60 Pulled Alive From Rubble After Powerful Earthquake Rocks Central Mexico

    Update 8 (7:15 pm ET): Death toll from Mexico earthquake now at 119, according to state and city officials.
    That makes it the deadliest to hit the country since the 1985 quake that, in an incredible coincidence, occurred exactly 32 years ago today, surpassing the death toll from another earthquake the shook the region less than two weeks ago.
    * * *
    Update 7 (6:50 pm ET): Mexico City government says 30 dead in capital, bringing nationwide total to 94, according to AP.
    Mexico City Mayor Miguel Angel Mancera said that the number of buildings that collapsed has risen to 44, and that between 50 and 60 people have been pulled alive from rubble.

    This post was published at Zero Hedge on Sep 19, 2017.


  • Gold Ownership: A Golden Wave

    Several weeks ago, I surprised most investors by issuing my ‘Book Profits Now!’ call for the precious metals asset class. When I did so, head and shoulders top formations immediately formed on gold and GDX, and prices have swooned. Rumours of a sudden drop in Indian dealer demand appeared to become a concern for commercial traders on the COMEX. India’s monsoon season has turned out to be a bit of a ‘bust’, with both flooding and drought. Farmers buy gold with a portion of their crop profits. With only another week or two left in the monsoon season, crop sales may not be very good. Of further concern to me was the fact that the demand drop was occurring as gold arrived at the $1352 resistance zone. That resistance was created by Modi’s cash call-in that took place in November of 2016. The upcoming Fed meeting will probably mark the end of the decline related to those concerns, but there could be additional weakness until the next US jobs report is released. Please click here now. Double-click to enlarge. For investors, this gold chart tells the entire tactical story. The $1270 – $1260 area is the target of the H&S top pattern. Investors should use a two-pronged strategy to profit from the coming rally that should take gold back to the ‘Call-In Day’ resistance around $1352. I’ve outlined the $1315 – $1295 price area as the first key buy zone. Eager accumulators can buy right now.

    This post was published at GoldSeek on 19 September 2017.


  • SEPT 19/GOLD AND SILVER HOLD: GOLD UP 15 CENTS AND SILVER UP 10 CENTS/GLD INVENTORY ADVANCES ANOTHER 2.07 TONNES/GIANT EARTHQUAKE HITS CLOSE TO MEXICO CITY/HURRICANE MARIE, A CAT 4 IS HEADING STR…

    GOLD: $1307.50 UP $0.15
    Silver: $17.24 UP 10 CENT(S)
    Closing access prices:
    Gold $1311.00
    silver: $17.30
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1313.30 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1307.00
    PREMIUM FIRST FIX: $6.30
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1315.17
    NY GOLD PRICE AT THE EXACT SAME TIME: $1308.60
    Premium of Shanghai 2nd fix/NY:$6.57
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1308.45
    NY PRICING AT THE EXACT SAME TIME: $1308.70
    LONDON SECOND GOLD FIX 10 AM: $1309.60
    NY PRICING AT THE EXACT SAME TIME. 1310.30
    For comex gold:
    SEPTEMBER/
    NOTICES FILINGS TODAY FOR SEPT CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ.
    TOTAL NOTICES SO FAR: 54 FOR 5400 OZ (0.1679 TONNES)
    For silver:
    SEPTEMBER
    133 NOTICES FILED TODAY FOR
    665,000 OZ/
    Total number of notices filed so far this month: 5,810 for 29,050,000 oz

    This post was published at Harvey Organ Blog on September 19, 2017.


  • Buildings Collapse, Thousands Take To The Street After Powerful Quake Shakes Mexico City

    Flight #AM2689 from Dallas (DFW) to Mexico City is diverting to Monterreypic.twitter.com/2vgjY117Jd
    — Breaking Flight News (@FlightBreaking) September 19, 2017

    On the anniversary of a massive 1985 earthquake that killed at least 5,000 people, Mexico City has been shaken by another powerful earthquake, the second the shake the city in the past two weeks. The 7.4 magnitude quake shook buildings in the capital city, sending thousands rushing into the streets, according to Reuters.
    Ironically, the quake hit only hours after many people participated in earthquake drills around the nation – drills specifically timed to mark the anniversary of the 1985 earthquake.
    According to the Associated Press, much of Mexico City is built on former lakebed, and the soft soil can amplify earthquakes even hundreds of miles away.

    This post was published at Zero Hedge on Sep 19, 2017.


  • FPL, Diversity, Distribution and Storms

    What do you get when you reduce diversity of generation of electricity, take offline nuclear plants, demand that nobody use coal any more, and otherwise restrict where power comes from so you have fewer and less-diverse sources of energy?
    You get crap when a hurricane shows up, that’s what.
    Many of those powerless residents are now asking hard questions of the area’s power monopoly, which has spent millions of dollars fighting policies that would have strengthened the grid in the event of a major storm like Irma and, more broadly, stemmed the carbon-fueled climate change likely fueling monster storms.
    “I am one of the many that has now been without power for more than two days as a result of Hurricane Irma,” Elise McKenna, a West Palm Beach resident, told New Times via email. “My confusion came when so many of us lost power during the early hours of the storm that basically avoided us. We’ve been told time and time again that rate increases were to help prepare us for future storms.”

    This post was published at Market-Ticker on 2017-09-19.


  • Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials

    – Bitcoin price action shows cryptos vulnerable to commentary and government policies
    – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
    – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows
    – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
    – Apple and Google developing a payment API for cryptos – may give governments full oversight
    – Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status
    ***
    Even for bitcoin last week was an eventful week. The price hit a recent low of $2,980, falling 40% and recovering by nearly 25% in the space of three days.
    Last week was a good example of the vulnerabilities in the cryptocurrency space to government announcements regarding the infrastructure the ecosystem.
    This last year has seen unprecedented progress and development in the bitcoin and crypto arena. From the price reaching new highs to an explosion in Initial Coin Offerings.
    The fall in price by over $1,000 should serve as a reminder that markets will stumble when they try to run before they can walk. As much as early adopters like to declare bitcoin the new currency and declare is true safe haven, the last week has shown that gold is a far better long-term safe haven.

    This post was published at Gold Core on September 18, 2017.


  • The Equifax Hack Is The Most Disastrous Data Breach In History Because Now Hackers Have The Credit Information Of 143 Million Americans

    Talk about a nightmare. It is being reported that criminals were able to hack into Equifax and make off with the credit information of 143 million Americans. We are talking about names, Social Security numbers, dates of birth, home addresses and even driver’s license numbers. If this data breach was an earthquake, we would be talking about a magnitude-10.0 on the identity theft scale. We have never seen anything like this before, and to say that this will be ‘disastrous’ for the credit industry would be a massive understatement.
    What really disturbed me about this story is that this hack reportedly occurred between ‘mid-May and July of this year’…
    Credit monitoring company Equifax has been hit by a high-tech heist that exposed the Social Security numbers and other sensitive information about 143 million Americans. Now the unwitting victims have to worry about the threat of having their identities stolen.
    The Atlanta-based company, one of three major U. S. credit bureaus, said Thursday that ‘criminals’ exploited a U. S. website application to access files between mid-May and July of this year.
    So why didn’t we learn about this until September?

    This post was published at The Economic Collapse Blog on September 17th, 2017.


  • “Everyone’s In The Pool”

    With the market breaking out to all-time highs, the media has started to once again reach for their party hats as headlines suggest clear sailing for investors ahead.
    After all, why not? We have run one of the longest stretches in history without a 5%, much less a 10% decline. Threats of nuclear war, hurricanes, disaster, fires, earthquakes, and civil unrest have failed to unnerve investors. It seems all that has been missed was famine and pestilence.
    Nonetheless, the breakout is indeed bullish, and signals the continuation of the bullish trend. However, such does not mean there are more than sufficient reasons to remain cautious. As noted on Tuesday, earnings growth remains weak outside of share buybacks, along with top line revenue. There is scant evidence of economic resurgence outside of a restocking cycle bounce, and inflationary pressures globally remain nascent. But such concerns, and I am not even sure the ‘4-horseman of the apocalypse’ would make a difference, are ‘trumped,’ by the ongoing global central bank interventions.

    This post was published at Zero Hedge on Sep 14, 2017.


  • Global Warming & Storms

    While some of the news coverage was interjecting global warming as the cause of the storm, in fact it tends to work in the opposite direction. This has been a sharply declining period of temperature. I wrote about how this was the year without an Arctic Summer. This has been the coldest summer in Europe and even in the States on the East Coast during August to early September. I went to visit family in August and had to buy a coat in New Jersey. In Australia there has been the coldest night on record in New South Wales. The warm water colliding with cooler air tends to make for bigger storms.
    One of the major news stations was attributing Miami sinking into the water to Global Warming claiming this was PROOF of rising sea levels. Pictured here is Wildwood New Jersey which was famous in the 60s with Bobby Rydell’s song. I use to go there as a kid. The piers were once upon a time actually in the water. You could go on a pier and fish.

    This post was published at Armstrong Economics on Sep 13, 2017.


  • Mint Partners: “What’s Going On Is That Strong Hands Are Selling To Weak Hands”

    Instead of the daily Bill Blain commentary (who today is caught in a deeply introspective debate whether or not climate change is or is not man-made) here are some observations from his Mint Partners stock-picking colleague, Steve Pervis, on where we are, and where the market may be going next.
    MARKET-TECHNICAL PICTURE
    Friday was another one of those days when the market basically went nowhere. Therefore, as we have stated time and time again, when the market doesn’t move, the technical picture doesn’t change.
    The conventional technical indicators remain mixed with fresh buy signals on the daily time frame and sell signals on the weekly time frame. Meanwhile, sentiment indicators remain as optimistic as ever.
    While speaking about sentiment, we have received some push-back from readers who have questioned our comments about just how optimistic sentiment is. We can assure you, without a doubt, that it is very optimistic. But don’t just take our word for it.
    We suggest you click on the following link that will take you to the Gallup web site. As you will see, investor optimism is at a 17 year high. In fact, at 68%, optimism about the stock market is tied for the highest percentage on record! Just take a thorough read and let us know what you think.

    This post was published at Zero Hedge on Sep 11, 2017.


  • SEPT 8/ANOTHER MINI FLASH CRASH ON GOLD AND SILVER FAILS AGAIN/GOLD STILL UP $1.10 BUT SILVER RETREATS BY ONE CENT/ISRAEL STRIKES INTO SYRIA DESTROYING A CHEMICAL FACTORY BUT DOES SO ON THE LEBAN…

    GOLD: $1346.60 UP $1.10
    Silver: $18.03 DOWN 1 CENT(S)
    Closing access prices:
    Gold $1349.50
    silver: $18.12
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1355.02 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: $1348.95
    PREMIUM FIRST FIX: $6.07
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1353.46
    NY GOLD PRICE AT THE EXACT SAME TIME: $1353.50
    Premium of Shanghai 2nd fix/NY:$0.00

    This post was published at Harvey Organ Blog on September 8, 2017.


  • Mexico Shaken By “Most Powerful Earthquake In A Century”, At Least 15 Dead

    Southern Mexico was shaken late Thursday by an 8.1-magnitude earthquake that killed at least 15 people, triggered a tsunami warning and was felt as far away as Mexico City . Despite the immense power of the tremor, which Mexican President Enrique Pena Nieto described as ‘the most powerful earthquake in a century,” authorities said it had caused limited damage – but warned residents in affected areas to brace for aftershocks.

    According to the Associated Press, the quake caused buildings to sway violently in Mexico’s capital more than 650 miles away from its epicenter. Residents fled buildings in their pajamas and gathered in frightened groups in the street.

    This post was published at Zero Hedge on Sep 8, 2017.