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Australian Banks Given One Week To Prepare For European "Meltdown"
Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to read about preparations for trading in the drachma on a when issued basis, once the summit passed (and it was clear that media posturing would do nothing to fix what has already been a failure and it would be best to remove the threats of "reality" from the public's attention) all such "end of the world" speculation promptly disappeared - after all why remind people that things are now worse than ever. Until today. According to the Australian Finance Review (link - subscription required), banks down under "have been given 1 week by regulators to stress test how they would handle a spike in joblessness, plunge in home prices spurred by EU debt crisis." Aka a European "Meltdown." And since we don't have immediate access to the article, we leave it to Bloomberg First Word to describe for us what the article says:
- Australian Prudential Regulation Authority envision worst-case scenario of 12% unemployment, 30% drop in house prices, 40% fall in commercial property values, AFR says
- Banks will assume that write-offs, other mitigation measures are unavailable; later stress tests might allow for such steps, AFR says
- Australia’s banks have A$87.2b of exposure to Europe, or 2.7% of assets, with A$74.6b of it mostly tied to bank borrowers in France, Germany, Netherlands, AFR says, citing RBA statistics
Why is this notable? Because unlike before, when media reports were really a propaganda ploy to get European politicians to collaborate (what has now proven to be an impossible task), and nothing but a rhetorical device, this time around, the warning is for real. And, more importantly, we have a sense of urgency, courtesy of the 1 week deadline: the question then is is it really that bad, and does Europe truly have a little over a week for global banks to prepare for the inevitable fall out?
Lastly, how long until our own prudent leaders decide it may be time to push the Stress Test scheduled for next year forward, just in case the "unthinkable" does happen, and US banks end up getting stampeded even as the rest of the world is already prepared for a worst case scenario?
We are confident Tim Geithner will get right back to us asap on all of these open items.
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Well, it's more notice than you get with incoming ICBMs.
Fuck mate. Throw another vampire squid on the barbie.
Lots of European Bank Holidays coming up and every household will be provisioned to the hilt.
Maybe Santa will give Deutsche Marks to Hans this Christmas ??
I am not Hans, but I would welcome him. I still have Deutsche Mark - paper and coin. Unfortunately, it was not unusually for the generation of my father and grandfather to change the currency more frequently. That and the hyperinflation may be the reason why my family always invested into Gold and Silver. Having said that, the Deutsche Mark was a stable and good currency.
Yet Australian MSM reports nothing of this, nor of any problems with their economy. The Oz sheeple are being led to the slaughter.
Ahmeexnal, Not all of us are sheep being led to the slaughter ... some of us are on here getting our warnings before others. :-)
Good to know some are aware.
Now turn up that AC/DC !
ANGUS YOUNG RULES!
Damn, and I thought Aussie was a true AAA. Notice the Bloomberg article compared the Euro debt held by Aussie banks to their ASSETS, not their CAPITAL.
vampire squid - thats gold.
Usually don't laugh out loud when reading ZH, but the picture of V squid sizzleing on the grill did it. Well played, mate!
"Usually don't..." You don't?! Bro, I come here not just for my first source of information, but pretty much everyday something makes me laugh out loud! Today's been good so far; the first two comments on this one both cracked me up.
I HOPE ALL YOU PLEBS ARE ITCHING FOR A FIGHT...TPTB AND THE NWO WANT YOU TO GO POSTAL....TAKE OUT A POLI OR TWO AND MEET YOU 9MM VS 9MM THEY WANT YOU PISSED. WHAT MORE MUST THEY DO? STEAL YOUR HOME, YOUR SSN FUNDS ,YOUR JOB, YOUR SAVINGS,YOUR 401K ,HYPER INFLATE YOUR FOOD COSTS, MEDICAL COSTS, EDUCATION COSTS , DUMB YOUR KIDS DOWN TO F-TARDS IN SCHOOL, STOP DOMESTIC ENERGY ... ALL DONE....YES ITS ALL THERE FOR YOU TO SEE AND GO BALLISTIC ABOUT. OATHKEEPERS ,CITIZEN PATRIOTS, MILITIAS OF MANY ILK, FREE MARKET CAPITALIST, BIBLE THUMPERS ,2ND AMENDERS AND 10TH AMENDERS THEY ARE FLIPPING YOU THE BIRD AND DESTROYING YOUR FUTURE---- DEBT SLAVE POLICE STATE IS THEIR PLAN FOR YOU ...DO YOU AGREE??!!??.......GOT MY POPCORN AND MY A.K. JUST WAITING FOR THE GO AHEAD.....
Wasnt today when the US debt/GDP crosses 100% ?
Fake Philly Fed report prolly goosed the fake GDP number and pushed the crossover 'til New Year's.
IMO, Japanese style, we will continue to scramble and find mitigating measures, so that we will not have a sudden burst, but a gradual deflation of the balloon. These measures will not, of course, prevent the process of collapse, but only slow it down.
What is interesting about the US situation is that the political "leadership" is simply and honestly totally clueless about what is happening, and continue to kiss the ass of the Wall Street greed platoon.
I don't think they are clueless. I think it works to their advantage if people believe they are clueless. People are more likely to string up the sinister than the clueless.
Just to be more clear, I think there was a time that they were clueless, but that was about five years ago. Most things now are orchestrated, IMO.
Nah, ever since the days of Alexander Hamilton, and if you don't like that, since the days when those honorable chaps got on board a luxury railcar to go to Jekyl Island they haven't been clueless. Our current conditions have been in the works for 100+ years. Got to give credit to the Founding Fathers for the strength of the country and the Constitution for holding back these evil men for so long. But now the gig is just about up. Will the tree of liberty be watered again soon with the blood of tyrants and patriots? Enough of just the innocents dying.
I would much rather see it fast and hard so we can see Wall St. bankers jumping from sky scapers...It would just be more entertaining IMHO...
IMO, Japanese style, we will continue to scramble and find mitigating measures, so that we will not have a sudden burst, but a gradual deflation of the balloon. These measures will not, of course, prevent the process of collapse, but only slow it down.
What is interesting about the US situation is that the political "leadership" is simply and honestly totally clueless about what is happening, and continue to kiss the ass of the Wall Street greed platoon.
I'm going to sing the Doom song now...
Doom doom doomity doom doom DOOOOOM!
Is this bullish? BITCHEZZZZZ
Cheers!
Whhhhhoooooooossshhh!
Swan: Crickey, what was that? Smells like burning hair!
Moodys: Your AAA credit rating...
Swan: Strewth mate! We only just got it polished!
Been an Aussie all my life and I don't remember ever hearing anyone use those words, crickey or strewth, in common usage, anywhere.
In fact, if you did use them in a conversation, as though they were commonly-used words, people would look at each other, and tend to move away from you, assuming you were a bit of a boofhead.
i don't think we have to worry,
we have this amazing treasurer called Wayne Swon.
He got a prize from the banking cartel saying he was the best treasurer in the world.
so why worry....
we're cool.... totally.
:/
You must believe in the grey swann, he will protect us and kiss it all better, and provide copious tax funded depository bailouts for the truely needy running the best financial institutions on earth.
He's on our side digger - and I feel a whole lot better about that! |:-0
She'll be apples mate.... god help us.
hey i replied to a post of yours below - hope you get a chance to check it.
I was going to be working over Christmas ... if this article is on the money I may not have to ... may not be able to ... there is an upside ...
"Well, it's more notice than you get with incoming ICBMs."
Speaking of incoming ICBMs:
http://www.youtube.com/watch?v=4ZBRc0VtRiQ
No worries ... the US has a high-tech nationwide alert system.
When your phone starts buzzing, hit the ATM and then take cover.
ROFLMAO
Oh, better go to the bank right now........
Make sure to give them a phone call in advance to have cash on hand or they'll refuse you service for large amounts. Bank run bitches
I would like to think the markets are forward thinking. If they knew something was going to happen a week from now they would react now.
You're right. If such a meltdown were expected the stock market would stage a spectacular rally.
Mwa ha ha ha -- the 'cash on the sidelines' rally, as gas, food, ice and beer are bought with reckless abandon.
Econ 101, biTcheZ!
Perhaps the reason the markets are irrational seeming is because they are truely in the moment.
They reflect the perfect balance of want, need, greed and oversight or lack there-of at any given instance.
Th edistortions are ours. as is the irrationality.
ori
/this-that-and-the-4th-reich/
Given the players and all their tools, things are where and what they are because they couldn't be anything else?
Exactamente!
ori
Guns, Gold, and Girls... having the SHTF doesn't sound to bad if you're prepared. Sounds like EURUSD might go to 1.20 real quick.
Aaaah! the 3G network!
Upgrade to 4G, my man -- Guns, Gold, Girls and Ganja!
All four have been illegal in some form or another ... TBTB obviously fear one of the 4Gs... I wonder which is most dangerous. I tend to think women.
I vote for gold as most dangerous.
Half the world - the women -clamor for it.
Guns used to get your gold.
And gold buys all the ganja one could ever want.
Not so fast there Whimpy we got some pretty spensive ganja here.
Ganja just makes you loose your aim, and forget to reload, while thinking deep and stirring thoughts about stuff you realise doesn't matter, if you can even remember it, once you aren't bent any more.
Yep and aussie ganja is up with the best.
takes away the pain of trying to figure it all out.
Yani (as the Abo's call it) is old-school. Over the last ten years, more and more its speed and synthetic party-drug muck mixed with energy drinks and hard spirits. And it's number one characteristic is to turn polite and sociable people into destructive and self-destructive arseholes who spread misery everywhere.
I'm not a fan of any of it.
If so, can I take my girls to Europe for a vacay? I hate to leave my guns at home.
Sorry girly guns a no no in EuropeI will look after your guns n gold while you are away.
Guns and gold can be used to preserve your wealth and freedom. Girls, not so much.
Some of us girls have our own guns...
I love me some armed gurls. They usually do not take any shit either!
Don't mean to make it dirty, but I love it when a girl lets me do a little bump firing ...
Girls make your wealth and freedom worthwhile. Unless you are gay ... nothing wrong with that.
http://www.youtube.com/watch?v=9ild8w0rHQU
I'm not any gayer that you are, Shirley.
I'm prepared for the worst, that doesn't mean I wanna see it happen.
And can one every be prepared for the worst?
This shit is global now and might even turn into a WOIII in a few years.
Methinks the notion of being "prepared for the worst" is fallacy, as "the worst" is that place just beyond one's preparedness.
Yup!
I was laughing at this proclamation as well. The "worst" would be that you've pissed folks off and they can nod their heads to dump a nuke on your ass. Yeah, good luck with preparations for That!
It's about RISK. One can only gauge things based on risk, based on probabilities. If you prepare for the WORST then you're likely going to have unprepared for higher probability things: if your scopes are all pointed up monitoring for incoming nukes they you're likely going to be surprised to be overrun from people on the ground.
WWIII for sure. Only question is will it be conventional or nuclear? I figure the latter. Maybe the Mayan astronomers knew something.
christmas week meltdown bitchez
Wouldn't that be funny. I can see it now. CNBS HEADLINES: "JESUS HATES THE GLOBAL ECONOMY."
For sure ... we have to blame someone !!
He wasn't real fond of the money changers - read bankers. Only time he ever lost it.
In the Christian Bible they expect four horsemen to trample civilization at the end of the world.
Well according to Revelation 6:5-6 one of them is an actual banker. The only one of the four with a recognizable occupation: Futures trader.
Look it up of you don't believe me.
Obama to star in the role of the Little Droner Boy.
Geithner knows its coming, Why do you think they pushed up the US Treasury auctions to next week. When was the last time the US had back to back weeks of full blown debt auctions?
Fed will step in
I concur.
Bernanke will keep interest rates at 0% and print money in accordance with his strong dollar policy. Hell he may give away the printing plates.
Give away the plates? You mean like the way Harry Dexter White did after founding the IMF with Keynes?
Fed can step in then step out, then shake it all about. Matters not.
It's not going to help.
Just kicking the can for a month/week/day/hour, they'll keep it up until the end.
Teh Burnank can raise interest rates in 15 minutes...
redpill,
Fed will step in
Already have in IT.(Plural)
I don't know if you do requests, but can there be a post on how to profit (even on paper) once the printing presses start? Obviously keeping money tucked away in physical assets would be sound, but the printing presses are going to start sooner than later, and I imagine there will be a lot of opportunities for significant profit..
gold coins from the late 1800's as well as Morgan silver dollars because they are artwork, artwork from Sam Colt, William Ruger, Smith and his buddy Wesson, and lead, and brass are my favorites, creations by Sara Lee, Marie Calendar, etc., and water works as well.
"creations by Sara Lee, Marie Calendar, etc., and water works as well"
Seems that, like most Americans, you might want to consider re-evaluating what you consider to actually be "food." Hint: if it's made from flour (let alone GMO'd white flour) and packed full of preservatives and high-fructose corn syrup, then you're probably better off not eating anything at all (I should, however, mention that while fasting can lead to incredible resurgences in energy, stamina, immunity and mental clarity, it can take a week or more to adjust and get into "fat burning mode" - ketosis - and you'll need a lot of pure drinking water to facilitate the process and help with the detoxing).
i was reading your post and i thought to myself again....
' i gotta get fit'
If the Tylers are taking requests I'd like to hear Freebird.
Be careful what you ask for:
http://www.youtube.com/watch?v=IOMlX7jaQBs
Hey! That's not Freebird!
It was funny for about a minute but as someone who likes both Freebird and say, The Rocky Horror Picture Show, I have to conclude that the stereotyping is way off base.
Rocky Horror Picture Show? Mmm, I'm thinking more along the lines of Joe Dirt.
That would be just the kind of inaccurate stereotype to which I referred.
long wheelbarrows.
Deep ones, too. :D
Yes indeed. You vultures always find ways. Like the lead in "Gone With the Wind," you know that there is more to be looted in the destruction of a society than in its construction. Now that your friends on Wall Street are in the ascendancy, this is only to be expected. There are a lot of your contemporaries on the internet offering ways to prosper on other people's misfortunes.
I'm not an investment expert, and I'm certainly no Tyler, but it is my general understanding that when the Fed prints the overall market goes up. So ask Uncle Ben to give you an anonymous tip up the day before they print - that part is critical. Give us all the heads up, then go out right away, and, in order to expose yourself to the general market, buy an S&P ETF, e.g., Vanguard VOO. Then, after two or three days of green numbers in the tripple digits, sell for a nice profit. Optional: then, go to Costco with your earnings and buy as many 25lb bags of pinto beans and rice as you can store in a cold dry place, and if you live in the SW you may want to pick up 55gal drum or two and proceed to fill with water. "Put your trust in God; but mind to keep your powder dry."
we are so fcked. Even if we solve this financial crisis, we've passed the tipping point of exponential decline in the arctic ice shield, and it's become a positive feedback loop.
http://www.independent.co.uk/news/science/methane-discovery-stokes-new-g...
man-made climate change may be the 6th extinction event for the planet. specie extinction:man.
Riiiiiiight. Because global warming isn't a farce. [/sarc]
The fact that the UN says that the sun has NO AFFECT on Earth's climate says it all. No, it's that evil gas called CO2...What humans exhale and plants breathe...
Mars has warmed too over the last century. We must be exporting CO2...
To be utterly convinced that global warming is not a problem is every bit as stupid as being utterly convinced that it is. The truth is that we don't know for sure.
This is usually the best way to tell idiots from smart people in any debate: Not by which views they endorse, but by whether they're a hundred percent committed to one side of the argument or not.
The problem with global warming is not whether it's true...it's the fact that market-dislocating policies are implemented under the guise of global warming irrespective of whether it's true.
Ian Plimer - Heaven and Earth: Global Warming, the Missing Science - October 24, 2009
Financial Sense NewsHour MP3
http://www.netcastdaily.com/broadcast/fsn2009-1024-2.mp3
Not sure why you got junked, but you are correct.
We are not able to determine the effects accurately, and certainly cannot properly model all the variables. Which makes it pointless to use the models for their predictive value.
And then to use the possibly wildly inaccurate models to forge policy tells me that the science is being used as another appeal to authority for a policy.
Shit, I betcha the baseline range for the above study over the course of the year would be larger than their gains.
pods
But set the empirical debate aside...isn't the REAL issue that gw is used as a crutch to push this and that irrespective of the nondisprovable truth?
It is inescapable that there is a whole army of paper pushers ready to get on the train of global warming bandwagon. But making that a bigger issue than the reality that we are on unsustainable path is wrong isn't it? Both should be given attention, but one is clearly much bigger issue than the other.
One thing is for sure. CO2 sure is good plant food. People put fertilizer on their garden but CO2 the one thing that is absolutely required by plants is bad. ROFLMAO at peoples stupidity.
Oh absolutely. They are trying to solve a problem that may not be there and cannot be solved by the actions proposed.
Carbon Credits? Look up the list of the sponsors of the exchange, most are banks. Well, the ones left.
When someone asks for more power over me for some phantom thing, I grab my rifle and wallet.
Same thing that led to us bombing brown people all over the world (who are on top of our oil).
I would go one step further and that the global warming "debate" is like two fleas arguing who owns the dog they are on.
I would say that man's hubris knows no ends, but it is simpler than that. Revenue and debt expansion!
pods
I could not agree more
Borjesson: people like you are exactly what the oligarchs want.
At least consider it might be true, and therefore you are guilty of it and need to pay taxes to make ammends.
How about REAL democracy for a fucking change?
MNINIMAL taxes should be paid by all which support basic infrastructure/emergency medical response/security. For the rest of the fairly recent debatable agendas, let those who support them pay taxes for them. If you support abortion, you pay a tax that goes to fund abortion clinics. If you support/believe global warming, a tax is deducted from your paycheck to bailout the next Solyndra. If you support AGENDA X, you pay a tax that goes on to support such agenda.
I can tell you this much right now boy: a lot if not all of all bigmouths who support all those socialist agendas would suddenly go mute.
"MNINIMAL taxes should be paid by all which support basic infrastructure/emergency medical response/security"
Sounds well, makes you a hit with the macho shits out there, great for you. But...
Reality is a bitch, and the entire paradigm is based on expansion. Without expansion, oh, and it could NEVER stop either, you canNOT support that which you're EXPECTING to magically exist.
First it'll be MINIMAL (note the spelling), then, slowly, when you've discovered that you absolutely have to have this shit served up you WILL be faced with LESS_THAN_MINIMAL taxes OR shit-can most of that which you're expecting.
"Security," right... do you work for the security apparatus? It's a fucking Trojan Horse, of have you not figured this out? (it'll demand ever-increasing MINIMAL tax dollars until, once again, it owns your ass)
Give up the drugs, folks, they're making you see/hear/read shit that just ain't there. This is all unicorn and Skittles talk as much as all the BIG govt shit.
I don't claim to be an expert, but it is a known fact that the climate changed many, many times and will keep on changing. Speed of this phenomen and the reason for it are questionable, but the fact of it happening is really not.
I am pretty sure both CO2 and Sun have influence on the climate, and thousands of nukes exploding can change it too.
Absolutely correct. And, anyone who thinks that humans have no affect on the planet are, well, Darwin? Darwin?...
The BIG cycles are pretty clear. Grow lots of plants, erode minerals (into the sea) and release CO2, then reset via the glacial period (final warming push is brief and pulls the trigger for the switch to trip to glacial formation). Glaciers come and and re-till, then it's back to the start of life rising up again.
So, in this context, yeah, we're not going to be able to change a damn thing, but to think that we don't affect the speed of this, well...
The deniers might have it right. I mean, we can no longer stop the next glacial period than we can stop continental drift. So, party on! Oh, but please DO help speed up space exploration so that the chosen few (TPTB) can escape.
NOTE: Look up Doomsday Seed Vault
Yes, CO2 is what humans exhale, and what plants use in photosynthesis. However, think of where the majority of humans are now concentrated, and then consider how many plants (mainly very old trees) have been removed to house people. Then consider that apart from humans emitting C02, we also have every vehicle (land, air or sea) powered by a combustion engine, and coal and gas fired power generators spewing out masses of carbon monoxide and dioxide, as well as methane, sulphur and whatever else is the by product of the burning of fossil fuels.
Now - take an ever increasing capacity to produce these greenhouse gases, and combine it with a constantly decreasing ability to process it due to less vegetation, and it seems as though we might have a bit of a problem. Sort of like more and more debt, but a shrinking ability to pay it off.
Are we the sole cause? Highly unlikely. Have we had any influence on it? Highly likely.
CO2 is not a particularly strong greenhouse gas. The natural composition of Earth's atmosphere has a greater potential as a greenhouse gas than CO2. In other words, if the Earth's current atmosphere was entirely replaced with CO2 then the greenhouse effect would be reduced rather than increased.
Stating that increased CO2 will lead to global warming is like saying that adding a drop of beer to a shot of whiskey will make you drunk off your ass.
You've never been drinking with Asians then, have you?
I sometimes hit the bars with a half Korean friend. Is there something for which I should be on the lookout?
Hot Korean and Taiwanese chicks.
About the most exotic thing we got around here are Nana's in babushkas.
Wow, Dorm Room, you really got junked on that one. Although I certainly believe that the TPTB/NWO folks use global warming as a pretext for all sorts of evil, and although I hate the UN and its ilk, it always seemed pretty clear to me that some pretty ominous environmental stuff is happening on our ball of dirt. ZH has a lot of armchair experts on the economy, but I did not know they had so many armchair experts on science and the enviornment. I feel safer now the ZH experts have junked you to death. At least I won't be scorched by the sun's fire (as the book of Revelation says), while they implement the Mark of the Beast (as the book of Revelation also says).
Even pro-global warming scientists have been forced to admit that there has been no temperature increase in the past 13 years even while CO2 emissions have continued to rise. Lean back in your armchair and consider that for a while.
(me leaning back) - The link in the original thread discussed massive new Artic plumes of methane gas discovered by Russian scientists, and not CO2 emissions discussed (and emitted) by Al Gore. I did not even address global warming directly, only bad environmental damage in general. I am more concerned about be scorched by a rogue solar event, which seems closer to what is described in the Bible, than being warmed to death by C02. Back to your armchair, Davey.
But those whom you called armchair scientists were discussing CO2. Forget the armchair, you get outside. Bad dog.
Actually, I did not even see 95% of the comments I inadverdently addressed, including yours. I just saw Dorm Room with 25 junks, which I thought excessive given the link he provided, and I replied to him being junked only. I still can't get the hang of how these dang cascading posts prioritize themselves. I'll go outside now.
Just have a biscuit and relax, Rover. Maybe tomorrow we'll go to the park.
CrockettAlmanac.com
Correct, in fact they have gone down.
The CO2 emissions IMHO, is due to the deforestation of the 3rd worlds forests being devoured for new farmlands.The deforestation of such humongous numbers and acreage of trees, and plants HAS to be a major factor.
Their no longer there to eat it.
That, and a 10sq mile area in the US that emits more than any two countries in one week.
Climate change is a myth perpetuated by Arabs and Exxon to keep the price of abiotic oil high.
Just kidding.
The Arctic has an "ice shield"?
Whoculdanood.
Our world has too many ice holes.
Fargin iceholes. Fargin corksuckers.
http://www.youtube.com/watch?v=dv8tVxk6Nj4
Al gore get the fuk outta here u dipshitt scammng sak of polR bear vomit!
I mean cheeto munching mountain dew drinking wanking in mommys bAsement teen obamanazi troll!
I know a retired climatologist who was working on the tundra in Alaska for about twenty years. He retired early about 3 years ago. When you ask him questions regarding the tundra and methane, he just sadly shakes his head and refuses to discuss it at all.
That must clear it all up for you then.
Haha, like methane hasn't been released from hydrates for eons. 0.7 to 1.7 ppm increase? ROFLMAO.
Then some "scientist" comes out and says:
And pray tell how is she measuring the past amounts of methane in the air? To a tenth of a ppm no less?
Fucking social scientists with instruments, that is all they are. I bet you their RSD for method accuracy is probably +- a ppm. Oh wait, they model half their shit and probably have not even evaluated the robustness of their methods anyways.
pods
Not that I agree with them, but they take samples of ice hundreds of feet down and look at the air trapped there.
The Earth is 4.5 billion years old. How old are the ice caps?
Correct. They usually take ice cores and extrapolate what the air concentration was by proxy. But, there are alot of issues with this.
I am not a geologist (chemist actually), but to me, looking at concentrations of 0-2 ppm in air presents alot of problems. Mostly with sampling errors. But even minimizing sampling errors, you will have substantial variation that would preclude you from making sweeping statements like the scientist quoted. Especially if you base data is taken from ice cores.
With temperature measurements the problem is that they are looking at noise level changes and extrapolating them out. Or they are looking at temp records kept from many years ago, when the precision was far less.
Sure you can publish these studies, but when it has been determined that your peer review is compromised (the emails show this), then you are looking for trouble. I could probably design a study which would yield supporting data that could prove whatever hypothesis I wanted to and could pass peer review.
Not my field though, and I am not really worried, because the coming collapse will put an end to all of this.
pods
Even the latest study which was touted as having "proved" the existence of global warming shows no increase in temperatures over the past 13 years.
Bet you that we would have a far greater correlation with average insolation and temps. But you cannot tax the sun.
pods
I got yer tipping point right here....
Massive kill-offs have been recorded where thousands of persons and animals were exposed to a huge methane bubble in a lake in Africa (I believe) within the last 20 years. It is believed they all died off within a few hours after the bubble exploded when hitting the surface. It poses as probably the most likely extinction event the earth faces. This is a very deadly gas folks and there is billions of tons of just waiting for it to get warm enough to turn into a gas rather than a solid It is not a joke. Milestones
Lake Nyos, Cameroon:
http://vulcan.wr.usgs.gov/Glossary/Lakes/description_volcanic_lakes_gas_...
It is just a deadline for the completion of the test. Doesn't mean the crash is in one week. If that was the case the deadline would be now.
Seems European bankers will give a whole new meaning to "being down under"
I don't understand why Europe would have such a devestating economic effect. No European country is even in its top 5 of export markets. China, Japan, South Korea are 3 of the top 4 export markets for Australia.... Is this more likely hinting out a potential China hard-landing? Would make more sense, no?
CDS
It's all about the debt.
Lots of debt was accumulated to maintain a welfare society.
Now the check is due and no one can pay and all the banks are interconnected. We have (as a culture) become 100% reliant on credit, so when the credit spiggot freezes society stops.
It doesn't get more concise then that.
Sure. All the fault of the welfare society. Nevermind JP Morgan aloe has $90Trillion in derivatives on their "books" while global GDP is around $60Trillion.
The banks and the welfare-warfare state collude in creating barriers to entry for those who would operate financial institutions honestly. Government is the problem.
gov are not at fault ...neither are banks or the welfare state.....it is pancake.
Either you are a newer members or you clearly have not been reading a damn thing on this website.
What sovereign debt did MF Global buy?
IIRC big position in Italian Bonds.
the only Stress Tests i want done, is on rope and noose! trap door opens, your favorite politician_______, or bankster__________, falls thru, the jerk, two second delay, and the head snaps off! i think i peed myself 'cause i feel warm and illiquid!
I'd like to add some liquidity then on the Bernank.
Berwank for liquidity!
Cans of aerosol, street art, got some messages out, you're welcome bitchez.
"Down Under" will take on a whole new meaning once the banking domino effect starts!
The collapse won't be televised, but it sure is planned carefully by the central bankers. With this information, it's pretty clear they have a specific date in mind to take the biggest dump in human history.
I have the sneaking suspcion though, they will try to get a 2 for 1 in. First the Euro, then 48 hours later, the US dollar.
All stations will broadcast the Yule Log.
Toss some euros on, for a beautiful multi-colored flame effect.
Nice. Bind a bunch together and you have the: "Euro-Log"
"When the night is special make it a Euro-Log for the biggest, brights flames of the longest duration."
Of course, dollars would burn nicely too, and they'd be greeeeen.