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"It is no exaggeration to say that the fate of Japan and the whole world depends on No. 4 reactor."
Although there is an urban legend that the world will end this year based on a misinterpretation of the Mayan calendar, some researchers think a 40-year-old computer program that predicts a collapse of socioeconomic order and massive drop in human...
As the maxim goes, a city's greatest strength is its people. Tokyo's greatest weakness is its old people. Japan is quite possibly the oldest country in the history of the world. No developed nation has a higher share of senior citizens. No developed nation has a lower birthrate. And Tokyo's birthrate is even lower than the national average.
The grayer a country gets, the fewer workers it has to support the livelihood of its seniors. Japan must generate tremendous taxable wealth in the next decade to support its older population, otherwise the national government will have to continue to borrow from its own people to pay for its promised services (Japan's debt-to-GDP ratio is already the highest in the world, near 190%). Despite leading the world in Fortune 500 companies, the majority of Tokyo establishments are small -- with four or fewer employees -- and concentrated on local services that aren't internationally tradable. That looks more like a model for post-growth happiness than pro-growth dynamism.
What would you and your neighbors do if the power went out and it did not ever come back on? What would you do if an EMP attack happened in the middle of the winter and you suddenly were not able to heat your home any longer? What would you do if all the electronics in your car got fried and you simply could not drive anywhere? What would you do if all the supermarkets in your area shut down because food could not be transported across the country anymore? What would you do if you were suddenly unable to call your family and friends for help? What would you do if you were suddenly unable to get the medicine that you needed? What would you do if your debit cards and credit cards simply did not work any longer and you could not get any of your money out of the bank? What would you do if all of these things happened all at once? A single EMP attack would be the worst disaster that the United States has ever seen by far. An electromagnetic pulse could potentially fry the vast majority of all the microchips in the United States. In an instant, nearly all of our electronic devices would be rendered useless.
Nations have reached their limit in subsidizing the United States’ military adventures. During meetings in June 2009 in Yekaterinburg, Russia, world leaders such as China’s President Hu Jintao, Russia’s President Dmitry Medvedev, and other top officials of the six-nation Shanghai Cooperation Organisation took the first formal step to replace the dollar as the world’s reserve currency. The United States was denied admission to the meetings. If the world leaders succeed, the dollar will dramatically plummet in value; the cost of imports, including oil, will skyrocket; and interest rates will climb.
By this point, you’ve probably figured out my theory. Dexter is all about U.S. foreign policy and the moral calculus of a superpower. Our government has likewise been on a killing streak for a long time, and there’s no end in sight. But we are also, as a country, conflicted about this propensity toward murder. We try to tell ourselves that we only kill bad guys like Osama bin Laden and his ilk. We maintain that we intervene in the affairs of other countries for only the best and purest of reasons. But we also suspect that we have deviated from our code — many times and with devastating consequences.
Visualized: Bank's massive profits on derivatives. When the bubble bursts most likely the tax payer will end up with the bill.
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A 60-year-old Greek musician and his 91-year-old mother jumped to their deaths from their 5th floor apartment, driven to despair by financial woes. This double death is the latest in a rising epidemic of crisis-induced suicides in Greece.
May 23, 2012 "Information Clearing House" -- As you might have noticed, the stock market is falling like a stone. As of 9 AM PST, the Dow Jones has dropped 172 points while all the other indices are down sharply. German 2-year debt (bund) has dipped below 0% this morning at auction, signalling an acceleration in the bank run taking place in southern Europe. Depositors in Spain, Greece, Italy, Portugal, etc would rather take a loss on their investment, then risk not their money back at all. The European Central Bank (ECB) does not guarantee deposits, so people are withdrawing their money en masse and getting out of Dodge pronto. What we're seeing is a real-time panic.
http://www.ted.com In James Howard Kunstler's view, public spaces should be inspired centers of civic life and the physical manifestation of the common good....
Since Mexico's President Felipe CalderÃ⊃3;n began an all-out assault on drug cartels in 2006, more than 50,000 people have lost their lives across the country in a nearly-continuous string of shootouts, bombings, and ever-bloodier murders...
The worst case scenario becomes a reality.
This ongoing lunacy is based on multiple biases. For some, the dollar represents America, and a collapse of the currency would suggest a failure of the republic, and thus, a failure by them as individual Americans who live vicariously through the exploits of their government. By extension, it becomes “patriotic” to defend the dollar’s honor and deny any information that might suggest it is on a downward spiral.
Others see how the investment world clings to the dollar as a kind of panic room; a protected place where one’s saving will be insulated from crisis. However, just because a majority of day trading investors are gullible enough to overlook the Greenback’s pitfalls does not mean those dangerous weaknesses disappear.
There is only one factor that shields the dollar from implosion, and that is its position as the world reserve currency. Without this exalted status, the currency’s value vanishes. Backed by nothing but massive and unpayable debt, it sits frighteningly idle, like a time bomb, waiting for the moment of ignition.
The horrifying nature of the dollar is that it is only valuable so long as foreign investors believe that we will pay back the considerable debts that we (the American taxpayer at the behest of our criminally run Treasury) owe, and that we will not hyperinflate in the process. If they EVER begin to see their purchases of dollars and treasuries as a gamble instead of an investment, the façade falls away. Yet again this year Congress and the Executive Branch are “at odds” over the expansion of the debt ceiling, which has been raised to levels beyond the 100% of GDP mark:
The scale of government secrecy and surveillance has surpassed all previous boundaries—especially in the national security arena, where the budgets, size and sc...
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