Daily Archives: December 16, 2012

Report: BP Deepwater Horizon Leaking Oil Again

The Deepwater Horizon oil rig that caused one of the worst environmental disasters the United States has ever known could be leaking oil once again, according to a new report.

http://www.newsmax.com/US/deepwater-horizon-leaking-oil/2012/12/13/id/467624

Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5

The industry of modern psychiatry has officially gone insane.

Virtually every emotion experienced by a human being — sadness, grief, anxiety, frustration, impatience, excitement — is now being classified as a “mental disorder” demanding chemical treatment (with prescription medications, of course).

The new, upcoming DSM-5 “psychiatry bible,” expected to be released in a few months, has transformed itself from a medical reference manual to a testament to the insanity of the industry itself.

“Mental disorders” named in the DSM-5 include “General Anxiety Disorder” or GAD for short.

http://www.prisonplanet.com/psychiatry-goes-insane-every-human-emotion-now-classified-as-a-mental-disorder-in-new-psychiatric-manual-dsm-5.html

10 Signs We Live in a False Economy

It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed.

http://chrisinmaryville.net/10-signs-we-live-in-a-false-economy.html

Great Britain Is Slowly Ditching Christianity

According to the census results, 4 million less Brits considered themselves Christian in 2011 than in 2001. The BBC also notes that the number of Brits who describe themselves as having no religion is up from 15% in 2001 to 25% in 2011, representing a 67% relative rise.

The British Humanist Association say that by their own calculations, these census results show that Christians would be a minority in the UK by September 2018.

“This is a really significant cultural shift,” BHA Chief Executive Andrew Copson said. “In spite of a biased question that positively encourages religious responses, to see such an increase in the non-religious and such a decrease in those reporting themselves as Christian is astounding.

http://www.businessinsider.com/uk-slowly-ditching-christianity-2012-12

ART CASHIN: Planetary Alignments Could Trigger Earthquakes During The ‘Mayan Apocalypse’

In recent months, UBS’s Art Cashin has been warning about increased earthquake activity driven by peculiar planetary and solar angles.

In this morning’s “Cashin’s Comments,” he notes that another planetary alignment could trigger earthquakes during the period when we’re supposedly going to experience the Mayan apocalypse:

Coincident Anniversary And The Mayans– Pop culture has delighted in focusing on the December 21st Mayan calendar number. Some have even projected the date as the end of the world. (In fact, floor wags teased disconsolate Romney supporters after the election, by saying “Cheer up. Sure Obama’s re-elected but the world’s gonna end in a month and a half.”)
Some traders note that the Mayan date comes reasonably close to the Anniversary of the great New Madrid earthquake of 1811. They bring that up because, at least one planetary observer claims that the period of December 17 through 23 will have planetary alignments, which he claims may be conducive to more frequent and more powerful earthquakes on this planet.

From Good Jobs To Bad Jobs To No Jobs – The Tragic Downfall Of The American Worker

There was a time in America when virtually anyone that wanted a job could go out and get one and the United States boasted the largest and most prosperous middle class in the history of the world.

Sadly, those days are long gone. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. But now there are millions of Americans in their prime working years that cannot find a job. Millions of others are working low wage jobs or part-time jobs because that is all they can get. The other day I went to a large retail store and I got into a conversation with the lady who was checking me out. She said that she had worked professional jobs all her life, and that she had taken this job to tide her over as she searched for a new job, but now she had been there for two years with no end in sight. I felt really bad for her, because she was obviously a sharp lady with a lot of skills. But this is the new reality. Good paying manufacturing and professional jobs are being replaced by low paying service jobs. We are transitioning from an economy with plenty of good jobs to an economy with plenty of bad jobs. The next stage in our transition will be to an economy where it seems like there are no jobs for anyone. We are witnessing the tragic downfall of the American worker, and it is heartbreaking.

http://theeconomiccollapseblog.com/archives/from-good-jobs-to-bad-jobs-to-no-jobs-the-tragic-downfall-of-the-american-worker

Inflationary Deflation: Creating A New Bubble In Money

Excessive monetary stimulus and low interest rates create financial bubbles.

Central banks are creating the ultimate bubble in money itself, as they fight the downward leg in this Long Wave cycle. This is the biggest debt bubble in history. Each time deflationary forces re-assert themselves, offsetting inflationary forces (monetary stimulus in some form) have to be correspondingly more aggressive to keep systemic failure at bay. The avoidance of a typical deflationary resolution of this Long Wave is incubating a coming wave of inflation. This will not be the conventional “demand pull” inflation understood by most economists. The end game is an inflationary/currency crisis, dislocation across credit and derivative markets, and the transition to a new monetary system , with a new reserve currency replacing the dollar. This makes gold and silver the “go-to” assets for capital preservation.
Strategically, we are far more bullish on equities versus bonds. Tactically, equities face a volatile period – buffeted by alternating cycles of deflationary and re-flationary forces until they overcome bonds as the inflationary endgame unfolds. In that scenario, equity investments should (over time) be aligned with the growing share of real disposable income directed towards essential expenditures, including energy, food/agriculture, personal & household care, mobile telephony and defense (for governments).

Real Estate: Is the Bottom In, Or Is This A Head-Fake?

Everyone interested in real estate is asking the same question: Is the bottom in, or is this just another “green shoots” recovery that will soon wilt?

There are two ways to expand the pool of qualified home buyers, and they both rely on expanding leverage: A) lower the down payment from 20% cash to 3%, and B) lower the mortgage rate to 3.5%.

Lowering the down payment increases the leverage from 4-to-1 to 33-to-1, a massive leap.

Increasing leverage increases risk. Over 90% of all mortgages are guaranteed or backed by Federal agencies such as FHA. This “socialization” of the mortgage industry means that losses ultimately flow through to the taxpayers, who are subsidizing the housing industry via these agencies.

Lowering the mortgage rate increases the leverage of income. It now takes much less income to qualify for greatly reduced monthly payments.

With mortgage rates barely above the prime rate and Treasury bond yields negative in terms of inflation, there is simply no room left for lower rates or down payments. The “increase home sales by expanding the pool of buyers” game plan has been run to the absolute limit.

http://www.zerohedge.com/news/2012-12-10/real-estate-bottom-or-head-fake

We Are Witnessing The Death Of Small Business In America

Historically, small businesses have been the primary engine of new job creation in the United States.  If the economy was getting healthy, we would expect to see the number of jobs at new businesses rise.  Instead, we are witnessing just the opposite.  We are told that the economy is supposed to be “recovering”, but the number of “startup jobs” at new businesses has fallen for five years in a row.  According to an analysis of U.S. Department of Labor data performed by economist Tim Kane, there were almost 12 startup jobs per 1000 Americans back in the year 2006.  By 2011, that figure had fallen to less than 8 startup jobs per 1000 Americans.  According to Kane, the number of jobs in the United States at businesses that are less than one year old has fallen from 4.1 million in 1994 to 2.5 million in 2010.  Overall, the number of “new entrepreneurs and business owners” has fallen by more than 50 percent as a percentage of the population since 1977.  The United States was once known as “the land of opportunity”, but now that is fundamentally changing.  At this point we truly do have a “crisis of entrepreneurship” in this country, and that is a huge reason why America is in decline.  We are witnessing the slow death of the small business in America, and that is incredibly bad news for all of us. (Read More….)

55 Reasons Why California Is The Worst State In America

Why in the world would anyone want to live in the state of California at this point?  The entire state is rapidly becoming a bright, shining example of everything that is wrong with America.  It is so sad to watch our most populated state implode right in front of our eyes.  Like millions of Americans, I was quite enamored with the state of California when I was younger.  The warm weather, the beaches, the great natural beauty of the state and the mystique of Hollywood all really appealed to me.  At one point I even thought that I wanted to move there.  But today, hordes of Californians are racing to get out of the state because it has become a total nightmare.  It is the worst state in the country in which to do business, taxes were just raised even higher, unemployment is more than 20 percent higher than the national average and the state government is drowning in debt.  Meanwhile, poverty, gang activity and crime just seem to get worse with each passing year.  On top of everything else, the insane politicians in Sacramento just keep on passing more laws that make the problems that the state is facing even worse.  Unfortunately, what is happening in California may be a preview of what is coming to the entire nation.  The old adage, “as California goes, so goes the nation”, has been proven to be true way too many times. (Read More….)

Sorry Protesters: Your Jobs Are Being Sent To China And They Aren’t Coming Back

Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday?  They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state.  Michigan lawmakers approved the bills and this absolutely infuriated the protesters.  There is a lot of passion on both sides of this debate, but I am afraid that both sides in this debate are missing the bigger picture.  If we keep shipping millions of our jobs to China, there isn’t going to be work for anyone no matter how much power unions have or don’t have.  During the month of October, the U.S. trade deficit increased to 42.2 billion dollars.  Our trade with China accounted for most of that deficit.  Our trade deficit with China in October increased to a new all-time one month record of 29.5 billion dollars.  Nearly 30 billion dollars that could have gone to U.S. businesses and U.S. workers went to China instead.  Since 1975, a total of about 8 trillion dollars that could have gone to U.S. businesses and U.S. workers went to the rest of the world instead.  Shiny new factories are going up all over China, and meanwhile our once great manufacturing cities are degenerating into desolate wastelands.  So what is going to happen when all of the good paying manufacturing jobs are gone?  Are we all going to fight bitterly over whether we should unionize the low paying jobs that remain at places such as Wal-Mart and McDonalds?  Such an approach is not going to bring back prosperity to America.  We desperately need to start building things and start creating real wealth inside this country once again.  We desperately need to stop sending tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth out of the country.  Unfortunately, I don’t see anyone out there holding protests about our trade deficit.  Nobody really seems to care, so our economy will continue to bleed good jobs and the middle class will continue to be destroyed. (Read More….)

15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

How can the mainstream media claim that the U.S. economy is “improving” when it is painfully obvious to anyone with a brain that the middle class is being absolutely eviscerated?  According to numbers that were just released, the number of Americans on food stamps rose by more than 600,000 in a single month to an all-time record high of 47.7 million.  Youth unemployment in the U.S. is at a post-World War II high and large companies have announced the elimination of more than 100,000 jobs since Barack Obama won the election.  Consumer debt just hit a new record high and the federal government is accumulating debt at a much faster pace than it was at this time last year.  So where is the evidence that the economy is getting better?  The mainstream media says that the decline of the unemployment rate to “7.7 percent” is evidence that things are improving, but I showed how fraudulent that number is yesterday.  The percentage of working age Americans with a job today is exactly where it was back in September 2009 in the midst of the last major economic crisis.  The mainstream media is desperate for any shred of evidence that it can use to make people feel good and show that the Obama administration has our economy on the right track, and so they jump on any number that even looks remotely promising
and they ignore mountains of evidence to the contrary.  They don’t seem to care that poverty is absolutely exploding and that the number of Americans on food stamps has risen by nearly 50 percent while Obama has been in the White House.  They don’t seem to care that the U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.  They don’t seem to care that more good paying jobs are being shipped overseas with each passing day.  They don’t seem to care that formerly great U.S. cities that were once the envy of the entire globe are now crime-infested hellholes.  All they seem to care about is putting out news that makes people feel warm and fuzzy and making sure that Obama looks good.  Unfortunately, the truth is that the U.S. economy is steadily getting
worse, and 2013 is not looking very promising at all right now.  Hopefully at some point the mainstream media will take a break from coverage of the royal pregnancy and the latest celebrity scandals to report on the real problems that we are facing right now. (Read More….)

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

The mainstream media is heralding the decline of the official unemployment rate to 7.7 percent as evidence that the U.S. economy is improving.  But it is a giant lie.  The truth is that unemployment in America is not actually going down.  The percentage of working age Americans with a job actually dropped slightly in November.  During the last recession, the percentage of working age Americans with a job fell from about 63 percent to under 59 percent and it has stayed there for 39 months in a row.  In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place!  So how in the world are they able to pretend that the “unemployment rate” is going down steadily?  Well, they get there by pretending that hundreds of thousands of unemployed workers “leave the labor force” each month.  According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers “disappear” each month it is easy to get the “unemployment rate” to go down.  But any idiot can see that there is something really funny about these numbers.  Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.  At this point the official unemployment rate is so manipulated that it is of very little value at all. (Read More….)

British government to legalize same-sex marriage

The British government announced Tuesday that it will introduce a bill next year legalizing gay marriage – but banning the Church of England from conducting same-sex ceremonies. Equalities minister Maria Miller said the legislation would authorize same-sex civil marriages, as well as religious ceremonies if religions decide to “opt in.”

http://hosted.ap.org/dynamic/stories/E/EU_BRITAIN_GAY_MARRIAGE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-12-11-12-55-38

Stanford Geophysicists: Major Earthquakes Coming

Stanford geophysicists were well represented at the meeting of the American Geophysical Union last week in San Francisco. Included among the many presentations were several studies that relate to predicting ­– and preparing for – major earthquakes in the Himalaya Mountains and the Pacific Northwest.

http://sanmateo.patch.com/articles/stanford-geophysicists-major-earthquakes-coming-16f1e67f

Foxx jokes about killing ‘all the white people’ 2 weeks after calling Obama ‘our lord and savior’

Two weeks ago, Oscar-winning actor Jamie Foxx made national headlines when he called President Obama “Our lord and savior.” …in his new film “Django Unchained,” “I kill all the white people in the movie. How great is that?”

http://www.wnd.com/2012/12/foxx-jokes-about-killing-all-the-white-people/

Sex texts epidemic: Experts warn sharing explicit photos is corrupting children

Boys and girls as young as 13 routinely swap explicit pictures of themselves… Children are now so sexualised the practice has become ‘mundane and mainstream’. One girl told researchers: ‘I get asked for naked pictures at least two or three times a week.’ A boy said: ‘You would have seen a girl’s breasts before you’ve seen their face’…another youngster referred to so-called sexting as ‘the new flirting’.

http://www.dailymail.co.uk/news/article-2246154/Sex-texts-epidemic-Experts-warn-sharing-explicit-photos-corrupting-children.html