AS THE DEPRESSION BEGINS….

23 02 2008

Depression + Inflation + Famine = Chaos! by Michael Fox 

Oftentimes it seems so inconceivable that we could have come to this place, yet here is exactly what we are facing, right now:  Depression in the housing market; retail inflation (due entirely to the price of oil and the plummeting dollar), credit availability all but shut down, and today we discover that grain stores are at their lowest point since they began measuring in 1960: 53 days.  According to the CEO of Potash Corp., the Canadian fertilizer giant, if there is any disruption to this year’s grain harvest, the world will be facing famine in 2009.  And this is not a question of the rock-concert-for-third-world-countries famine, folks.  He is describing global shortages of wheat.  Food prices are already on the rise; with grain shortages, will surely come hoarding and hyperinflation in food.

 

If you think times are getting tough, add a real food shortage.   Now it’s time to grow backyard farms (Victory Gardens) – in fact it’s not at all a bad idea.  You can’t eat grass (even in a brownie), so you may re-think the practicality of planting vegetables where your hydrangeas are.

 

and the government responds with half measures

 

Administration officials say they still oppose any taxpayer bailout for either people who borrowed more than they could afford or banks that made foolish loans during the height of the speculative bubble in housing.

But with the current efforts to arrest the housing collapse so far bearing little fruit, Washington is being forced to explore new ideas, among them the idea of a federal mortgage guarantee for troubled borrowers.

and the threat of full Nelsons:

The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist.”

– Winston Churchill, Nov. 21, 1943

Since 9/11, and seemingly without the notice of most Americans, the federal government has assumed the authority to institute martial law, arrest a wide swath of dissidents (citizen and noncitizen alike), and detain people without legal or constitutional recourse in the event of “an emergency influx of immigrants in the U.S., or to support the rapid development of new programs.”

Beginning in 1999, the government has entered into a series of single-bid contracts with Halliburton subsidiary Kellogg, Brown and Root (KBR) to build detention camps at undisclosed locations within the United States. The government has also contracted with several companies to build thousands of railcars, some reportedly equipped with shackles, ostensibly to transport detainees.

According to diplomat and author Peter Dale Scott, the KBR contract is part of a Homeland Security plan titled ENDGAME, which sets as its goal the removal of “all removable aliens” and “potential terrorists.

while the landslide rolls faster and faster

Parts of the ice sheets covering Antarctica are melting faster than predicted, with the net loss of ice probably accelerating in recent years because of global warming, a study has found.

A satellite survey between 1996 and 2006 found that the net loss of ice from Antarctica rose by about 75 per cent as the movement of glaciers towards the sea speeded up.

Scientists estimate that that the West Antarctic Ice Sheet lost about 132 billion tons of ice in 2006, compared with a loss of 83 billion tons in 1996. In addition, the Antarctic peninsula lost about 60 billion tons of ice in 2006.

“To put these figures into perspective, 4 billion tons of ice is enough to provide drinking water for the whole UK population for one year,” said Professor Jonathan Bamber, of the University of Bristol. “We think the glaciers of the Antarctic are moving faster to the sea. The computer models of future sea-level rise have not really taken this into account.”

 

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