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Siberian Shaman: 2012 Solar Storms Will Trigger Collapse Of The West

In this video from Celente Trend Research, journalist and science consultant Lawrence E. Joseph discussed threats to life on Earth, including collapse of power grids from solar flares, the weakening of the magnetic field, and the solar system’s move into a new area of space. Joseph have spoken to scientists, NASA representatives and various shamans.

” Siberian shamans don’t see 2012 as a cataclysmic date for the world, but they do see it as an avalanche date for collapse of the West.”

Lawrence E. Joseph

Political, economic, and natural forces are all leading us into a deadly convergence, Joseph says. Specifically, a solar EMP blast could knock out electricity by permanently destroying transformers in the grid. If a blast like the Carrington Event of 1859 occurred again, we could see 100 million people out of electricity for a couple years, he warns.

Joseph advocated for the U.S. to install a kind of surge protection for the power grid— a plan that the House has already approved, but may get stalled in the Senate because the measure is being attached to other issues.

For more on this, see his article Short-Circuiting the Great American Blackout, to be published on the Huffington Post. There’s increasing evidence that Earth’s magnetic shield is going down, according to NASA research, he added.


Chuonnasuan - the last Shaman of the Oroqen

He has traveled to Siberia to interview a Russian scientist whose research indicates that our solar system is moving into an “interstellar energy cloud,” which could cause cataclysmic and evolutionary changes on Earth.

His findings were confirmed by a recent paper published in Nature, Joseph notes.

He also speak about his interviews with various shamans.

A Guatemalan (Mayan) shaman told him that 2012 would herald the birth of a new era, and like new births there’d be “joy, blood, and pain.”

Siberian shamans don’t see 2012 as a cataclysmic date for the world, but they do see it as “an avalanche date for collapse of the West,” he reports.



Related by the Econotwist:

NASA Prepares For Impact – Nasty Space Weather Ahead

When Will God Destroy Our Money?

The Earth: A Danger Zone

Want Toolkit To Rebuild The Human Race On The Moon

Earthquake Frequency Up 133% In 2010

More Mysterious “Monster Fish” Comes To Surface

Earthquake May Have Shortened Days on Earth

Mother Earth On Crack


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Fitch: Spanish House Prices To Fall Another 20%

Fitch Ratings comments today that Spanish house prices will likely continue to decline over the near-term and remain under pressure, at least until 2012. From the peak in 2008, Spanish home prices have declined 11,2% – according to the Fitch analysts the slide is moving towards 30%.

“Fitch estimates that there are over one million units of housing stock available for sale throughout Spain.”

Fitch Ratings

Fitch maintains its forecast of a 30% decline in Spanish residential property values, on average, from the peak recorded in 2008. The agency therefore expects that declining home prices will negatively affect existing Spanish RMBS transactions due to lower recoveries on defaulted loans over the near-term.

“Fitch believes that Spanish house prices remain over-valued relative to income thresholds and need to decline further to improve affordability dynamics,” says Rui Pereira, Managing Director and Head of Fitch’s Spanish Structure Finance in Madrid.

“The supply overhang of unsold homes, more pro-active sales strategies by financial institutions, and reduced credit availability are also expected to weigh on Spanish home prices over the near-term.”

Spanish house prices have gone through a nominal adjustment that statistics from the Ministry of Housing place on a national average of 11.2% for the period Q1 2008 to Q1 2010.

However, Fitch believes this aggregate data does not appropriately reflect current market conditions as the market has become increasingly illiquid.

Compared to their peak in mid-2006, home sales had declined 48% at the end of 2009 on a quarterly basis.

Market illiquidity is weighing on home prices and individuals forced to sell in the current environment are incurring significantly higher price declines than those suggested by the government index.

Fitch’s home price projection, which was included as a baseline scenario in the agency’s RMBS criteria addendum for Spain published on 23 February 2010, was developed based on the evolution of affordability measures in Spain, the house price long term equilibrium and the imbalances of demand and supply.

(For further information, please see the 23 February 2010 criteria addendum, entitled ‘EMEA Residential Mortgages Loss Criteria Addendum-Spain’, which is available at www.fitchratings.com.)

Spanish borrower affordability suffered significantly during the boom, with the number of years of gross household income necessary to acquire a property growing to 7.7 at the peak of the market from around 3.9 years in 1995-2000.

While there are unique factors in Spain to support a higher income multiple relative to other jurisdictions, including a high home ownership rate at approximately 80%, affordability measures look stretched in absolute and relative terms.

Affordability should be in the range of 5 years of gross household income in order to be sustainable, which would result in a 30% price correction from the 2008 market peak.

Despite a sharp contraction in housing starts, there is a significant oversupply of properties, which will take considerable time to clear. Fitch estimates that there are over one million units of housing stock available for sale throughout Spain.

This overhang results from years of overbuilding, particularly in coastal areas and city suburbs, and banking system housing inventory growth.

Fitch believes there will be significant variations around its average house price decline expectation, reflecting regional housing and economic differentials.

Markets along the Mediterranean coast, with a heavy second home component, are likely to experience the sharpest adjustments.

Here’s a copy of the press release.


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Wild-West Capitalism (Don't Blame The Baby Boomers)

Despite much boasting to the contrary—by Gordon Brown amongst others—-the Anglo-Saxon countries like Britain and The U.S. – provide a poor development model, a model of unregulated wild-west capitalism with the least equal distribution of income and wealth in the OECD, professor George Irvin writes in a new blog post.

“Above all, we must stop playing this silly game of inter-generational finger-pointing.”

George Irvin

These days, inter-generational war seems to be all the rage. “It’s all the fault of the baby boomers” —those born in the decade after the war—is the new conservative rallying cry, professor George Irvin writes.

Not that the cry is new. In France before the last presidential election, politicians pinned our troubled times on the lax moral standards and anti-patriotic slogans of “les soixante huitards”. Before the German elections last year, the Finance

Minister Peer Steinbrueck railed against raising Keynesian-style public borrowing on the grounds that it would saddle the our children and grandchildren with a mountain of debt for which they would never forgive us.

The same theme is being peddled strongly in Britain where conservatives argue that the profligacy of the baby boomers has robbed the current generation of 30 years olds of decent jobs and pensions.

David Willetts, the Conservative Shadow Secretary of State for Universities, has written a book called The Pinch arguing that the baby boomers took the money and ran, leaving the younger generation with nothing.

High-on-the Hog

As the journalist Richard Lander recently put it on CityWire; “the baby boomers lived high on the hog enjoying decades of sex, drugs and a huge increase in higher education all paid for by the taxpayer. They bought massive houses for next to nothing and watched their value soar; they retire on gold-plated index linked final salary pensions and enjoy free travel and other perks. …all this has contributed to a massive increase in corporate and national debt which today’s young generation has to pay for with university fees and higher taxes, particularly as a smaller workforce will be supporting a growing cohort of retirees.”

The Daly Mail columnist, Melanie Phillips, goes even further:

“It is a general source of bewilderment that so many socially destructive, even nihilistic attitudes—the onslaught on the family, the dismantling of national identity, the promotion of ‘victim culture’ and the way punishment has been turned into a dirty word—have been promoted by judges, police officers, civil servants and others at the heart of the establishment. The reason is simply that the baby-boomers are now in control.”

Melanie Phillips can easily be dismissed as a ranting right-winger. What is true, of course, is that the baby boomers’ kids are having a bad time, and things are unlikely to improve much in the next few years.

But is the real argument about inter-generational equity?

The True Conflict

Clearly not. The right peddles inter-generational conflict as a way of diverting attention from the gross inequalities which have plagued Anglo-Saxon countries—and to a lesser extent other advanced economies— in the past 30 years. If boomers in Britain went to university in the 1960’s at taxpayers’ expense, it was because only 4% of the cohort attended university; today’s figure is 40%.

If houses could be bought relatively cheaply, it was in part because local authorities provided “social housing”, the supply of which is now drying up, and mainly because the deregulated banking system helped fuel a massive house-price boom which has now collapsed.

Final salary-linked pensions have virtually disappeared in the UK because Mrs Thatcher handed pensions to the City where fund managers made millions from investing them in stocks and shares.

When the market collapsed, so did “funded pensions”.

Yes of course there is a demographic problem, but most other EU countries have made reasonable provision for topping up their pay-as-you-go schemes.

Wild-West Capitalism

Despite much boasting to the contrary—by Gordon Brown amongst others—-the Anglo-Saxon countries (ie, Britain and the US) provide a poor development model, a model of unregulated wild-west capitalism with the least equal distribution of income and wealth in the OECD.

Much of Britain’s welfare state has been dismantled and privatised. Britain’s over-reliance on its large financial services sector has made it particularly vulnerable to the current recession.

The Unequal Generation

George Irvin is a retired professor of economics and for many years was at ISS in The Hague. He is now honorary Professorial Research Fellow in Development Studies at the University of London, SOAS.

A privileged minority may have lived high-on-the-hog and owned nice houses, but most workers in Britain have experienced 30 years of stagnating real wages. With real wages lagging labour productivity, much of Britain’s increased national income over this same period has been absorbed by the top 10%.

Even today, the median yearly income is £22,000 (€25,000)—half the population lives on less than this, including most pensioners of the boomer generation!

Governments throughout the EU are calling for spending cuts in order to maintain budget balance. In truth, cutting public spending at this stage in the downturn will make things worse, and Europe’s rich—whether individuals or member-states—will ensure that the burden of these cuts falls on those who can least afford lower wages.

To be sure there are exceptions like Finance Minister Christiane Largarde in France. But in truth, spending cutswill lead to higher unemployment, particularly amongst youth.

Oddly, the same people who blame the boomers are those calling most ardently for cuts.

Above all, we must stop playing this silly game of inter-generational finger-pointing. Most boomers have never belonged to the class of rich and privileged.

By George Irvin

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Socialism For The Rich – Capitalism For The Poor?

E.U. To Reform Economic Policy

Beginning Of The End For The European Union?

European Commission Warns Of “Lost Decade”

Ukraine Dropping E.U. Membership?

Wave Of Protests To Hit Troubled E.U. States

E.U. Parliament Spending Out Of Control?

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