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Is Iceland Preparing To Blow Again?
It has been a while since Iceland's unpronounceable volcano shut down European airspace for a week. This could be about to change, because as FromTheOld demonstrates, the seismic activity at the base of Bárðarbunga stratovolcano, which also happens to be the highest mountain in Iceland, has picked up materially over the last 48 hours. As a reminder (courtesy of Wikipedia), Bárðarbunga “The largest lava flow in Iceland and the entire earth from a single eruption is originated from Bárðarbunga about 8500 years ago (causing mass extinctions)." Have we come down to this? A supervolcano demanding the sacrifice of a former FRBNY demagogue and current Napoleon Dynamite Ph.D. lookalike or threatening another, much more vicious, lock out of Europe?
More on FromTheOld:
Bárðarbunga is a powerful stratovolcano in Iceland and is located under the ice cap of Vatnajökull glacier. With a massive high of 6591 feet above sea level that makes it the highest mountain in Iceland it also makes for some powerful volanic activity when it erupts.
Iceland's Bárðarbunga volcano is said to erupt every 250-600 years if scientists are correct. What many dont know is that the most powerful volcano eruption on earth happened at Bárðarbunga some time ago.
For those that believe in evolution it could be around 8000 years ago but for those that believe in creation it could be around 3000 years ago, no one knows exactly when but the last time Bárðarbunga erupted it caused lava to cover an area of 950 square kilometers.
It is believed that Bárðarbunga will erupt sometime in the near future.
In the picture above you can see the activity rising in the last couple of days.
h/t John Lohman
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I love you, man. Just when I am feeling a little peppy. BAM! Doom. Or at least possible doom.
By the way, I do not believe the USA bailed out the credit union industry last Friday night with $50,000,000,000.00 of taxpayer backed Federal Reserve Loans. If something this big were true, then at least one major newspaper or financial website (other than zerohedge) would say so somewhere on the front page, right? WSJ:no, Reuters: no, Bloomberg:no, Yahoo:no, New York Times:no (see below).
See, nothing at all about a $50,000,000,000.00 baliout. All the News That's Fit to Print, so it obviously did not happen. I feel better.Its not front page stuff (the IFR content requires a subscription) but it does exist.
Reuters News, timestamped about 11 minutes prior to TD's excellent writeup...
And the Reuters owned IFR writeup...
ABS: Barclays to Lead US$35bn Securitization Program for National Credit Union Administration - IFR 24-Sep-2010 16:46NEW YORK, Sept 24 (IFR) -
Market contacts report that Barclays Capital will be sole advisor to the US National Credit Union Administration (NCUA) for an ongoing program to securitize approximately US$35bn in mortgage-related assets from failed corporate credit unions. The bonds will be government-guaranteed. The NCUA made the announcement today at an internal board meeting, sources say.
The strategy is similar to that of the FDIC, who also worked with Barclays this year on both a securitization program as well as a parallel structured-sale initiative. The NCUA has also reportedly started a structured sale program, including an $800 million sale of CMBS this past week.
In addition to Wescorp and US Central, the NCUA announced that it is taking three other corporate credit unions into conservatorship: Constitution Corporate, Members United, and Southwest Corporate.
There are approximately $72 billion in distressed legacy assets held by failed corporate credit unions, the NCUA said.
According to a press release issued by the NCUA today, the plan to address the impaired credit-union assets and resolve these troubled institutions involves several
interrelated steps:
- Isolating the impaired securities (legacy assets) held by these five corporate credit unions;
- Repackaging the legacy assets into new securities with an NCUA guarantee backed by the
unconditional full faith and credit of the United States government; * Issuing the new securities to investors on the open market; * Transferring the corporates' still-valuable assets to newly created "bridge banks" that will allow for continued operations; and * Transitioning operations now under NCUA conservatorship over a target of 24 months to other service providers.We come from the land of the ice and snow, From the midnight sun where the hot springs blow.
ITG... WTF? NO ONE with that avatar is EVER allowed to cite this other band, which shall not be named! Personal preference... music police hack.. to each his own...etc... for shame ITG... for shame... additional stupidity removed...CB
Ahhhhh ahhhhh ahhhhhhhhhhh ahhhhhhhhhhhhhhhhhhhhhhhh!
ITG, I can see your attraction to this article: the word blow. But it's pretty obvious when you outright declare that you blow at the hot springs. Try Craigslist you Tool box.
Pfffft. That's nothing compared to the supervolcano underneath Yellowstone National Park ... which, by the way, has been experiencing increasing quake swarms for the last several years, particularly in the winters of 2008 and 2009.
The 5-part History Channel special on Yellowstone is a "must-watch":
http://www.youtube.com/watch?v=FOn3wkehluk
You Americans.... "MY VOLCANO IS BIGGER THEN YOURS", "OUR PRESIDENT IS THE BIGGEST MORON", "AMERICANS ARE THE MOST OBESE PEOPLE IN THE WORLD"...
You guys always want to win everything he?
"We have the biggest deficit..."
Deficits, bitchezzz!
OH YEAH?! I HAVE MORE JUNKED FLAGS THEN YOU! :)
Junked ya! Sorry, just couldn't resist . . .
Seriously funny.
Yup; if that Yellowstone Caldera blows the Midwest corn and wheat fields are gone for at least a year and billions will starve because of it (not to mention a good part of the Intermountain West being wiped out).
No multi-year global "volcanic winter"?
Indeed... the US becomes toast and the rest of the world starves to death. Happy ending. You want some popcorn with that volcanic ash?
The best estimate I've seen is that with a true "super-eruption" of Yellowstone as has happened so many times in the past, GLOBAL agriculture will be more or less wiped out for around a decade due to the massive quantities of volcanic ash that would be spewed into the atmosphere and remain there for years. This would indeed be a "nuclear winter" scenario.
Agriculture in the midwest, the "bread basket of the world," would likely be knocked out for at least a few years longer (and seriously impaired for at least a decade or two after the eruption) because it would get several inches (or even feet) of ash fall, depending on the location.
Billions could indeed die in such a disaster.
Bunga Bunga get on the waiting list with all the other global catastrophes.
Baroarbunga, dude!
At least we can more or less pronounce this one.
Hammer of the Gods, bitchez?
This particular god wields, well, more of a hot flowing fissure.
Blow anybody dressed like a God ITG is more like it, no?
Maybe the 82nd Airborne is mobilizing to prepare for this ;)
Moments like these always direct my attention to 200 lbs of wheat cereal I have stockpiled downstairs and the spare gas tank in my truck which holds enough fuel to take me many miles from the hungry, rioting masses should one of these motherfuckers blow a top.
Jim Rogers
http://www.cnbc.com/id/15840232?play=1&video=1476070637
Potato chip might double in price because of a bad harvest!
SHORT LAYS CHIPS!
200 lbs of wheat cereal and extra gas in the pickup, now there's a real plan for when the shtf!
Nothing wrong with an extended fishing trip complete with kayaks and enough survival gear to make it long enough to see crops be taken down for harvest.
Nothing wrong with a cheap insurance policy.
The Ejecta Projection Team is just keeping it turning over on warm idle as a contingent back up in the event the POMO operations team suffers a major fail.
mass extinctions he?
So you mean buy European CDS's?
Let the human sacrifices begin! May I offer up a few names of the first, oh dozen or so?!
Siberian Traps
http://en.wikipedia.org/wiki/Siberian_Traps
This massive eruptive event spanned the Permian-Triassic boundary, about 250 million years ago, and is widely cited as a cause of the Permian-Triassic extinction event. The massive eruptive event which formed the traps, one of the largest known volcanic events of the last 500 million years of Earth's geological history, continued for a million years. This extinction event, also called the Great Dying, affected all life on Earth, and is estimated to have killed 90% of species living at the time. Life on land took 30 million years to recover from the environmental disruptions caused by the eruption of the Siberian Traps.
NONSENSE! The planet is only 6000 years old!
according to the bible and stuff...
If you subscribe to some new physics theories that suggest light speed has been variable over time (Vc), then the earth is 8000 years old (in current years) !!
But... but... the bible says.... BOEHOEHOEHOEHOE! :(
I'm with you SD. Two classic country hits...
Drop Kick Me Jesus, Through the goal posts of life
I was roped and throwed by Jesus in the Holy Ghost Corral
You couldn't make this shit up.
Epic roll, dude.
"The planet is only 6000 years old!
according to the bible and stuff...
"
that's right - god planted all the fossils and stuff that might indicate an older universe
</sarcasm>
Hey bud, I let 99% of your fucking dumb comments fly by without correction. Don't bring the Bible into your bullshit. The world is at least 13 billion years old, maybe older, but who gives a fuck. God has been trying to reach man since we crawled out of the water, that is the sotry of man. You miss the point of the Bible you stupid FUCK YOU.
you shouldn't believe everything you read.
the bible is a fable, a pretty good one, but that's it.
So's Obama's birth cretificate for all that matters.
Does "Obama's birth cretificate" certify that he's a cretin?
just wondered.
Ok, thank you for pointing that our for me, you are so fucking brilliant and fucking amazing fucktard.
You all sound like you are just as much dark ager douche bags as the bible thumpers. The creation stories have nothing at all to do with the age of the earth but is about the events in the sky 6000 years ago that is recounted by every ancient race. To get an idea of the great recent advances in comparative mythology, religion, cosmology etc. google 'Saturn Theory' or read D. Cardona's multi volume interdisciplinary work which is the cutting edge on what the hell the creation story is all about....
LOL
Massive Volcano wiped out Netherlands 40k yrs ago.
Yellowstone happens every 650k years or so and we're cycling into that as well.
Luckely I live in Belgium!
OVER 40 miles away!
SCREW THE DUTCH! DROWN THEM! BURN THEM!
WHOEHAHAHAHAHA!
What the hell is in the water in Belgium?
THC, ectasy, opiates, herpes, clymitia, viagra, waffle batter, condom lubricants, etc etc.
I can't take this shit anymore.
And right along with it, just moments before, the Neanderthals hunted the woolly mammoth to extinction. NFW. Buncha morons with sharp sticks wiped out an entire continent of monolithicly large beasts with hairy coats 5 feet thick and skin like the soles of Doc Martins? NFW.
No.
A supervolcano demanding the sacrifice of a former FRBNY demagogue and current Napoleon Dynamite Ph.D. lookalike or threatening another, much more vicious, lock out of Europe?
Fantastic! There's no justice like angry sacrificial mob justice!
I remember a movie with that theme starring Dorothy Lamour as the former FRBNY demagogue.
And for those of who are still alive, gold/silver will be the only true recognizable currency, after food and water, of course. The more likely "eruption" will be after the coming "bank holiday" and the resulting civil unrest.
Hell, might as well add more gloom n'doom.Here cometh th-the Third Horseman:
A swarm of locusts 150x larger than previous types will soon be airborne.A crop massacre of biblical proportions coming to Auzzie field near you.
http://www.independent.co.uk/environment/nature/australia-faces-worst-pl...
Long Corn-Check
Long Wheat-Check,
............Pestilence bitches!
Don't forget Katla. It has nearly always erupted some short time after the volcano that caused the earlier ash problems erupts. And its MANY times bigger that the one that caused the ash problems.
http://fromtheold.com/news/video-president-iceland-prepare-katla-erupt-2...
Those new Nike "Boom!" commercials make much more sense now...
Ok, everyone calm down. This volcanic area has produced seismic activity for years. The current trend is not even close to the activity that occurred in 1996.
Finally some serious evidence of global warming:
"last time Bárðarbunga erupted it caused lava to cover an area of 950 square kilometers"
LMAO
Now that's some serious shit.
Would run all the way from Capitol Hill through the Treasury, White House and Old Executive Office Building engulf the whole of the Godless K Street and cover the entire fucking Mariner Eccles Building.
Great! move all that to BroarBunga, Iceland STAT!
BardarBunga.......BardarBinga !!
"A supervolcano demanding the sacrifice of a former FRBNY demagogue and current Napoleon Dynamite Ph.D. lookalike or threatening another, much more vicious, lock out of Europe?"
My head is spinning.
Miss Iceland Preparing To Blow Again?
But it sure looks like another nice day in the hot springs:
http://live.mila.is/lonid/
Then again, what's that rumbling??
http://hraun.vedur.is/ja/Katla2009/stodvaplott.html
Food storage bitches, and a couple of handles of bourbon to watch it all go down.
Look on the bright side. Maybe Bárðarbunga blows and takes bjork with it.
I'll take Bárðarbunga blows Bjork for 400 Alex.
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