Saturday, 28 March 2015 20:32

World News Desk 03-28-2015

From Jenna Orkin:

Headlines

Meet The "Surveillance State Repeal Act" – A Bipartisan Bill To Kill The Patriot Act 

 

Economy

It's Official: Americans Spent All Their "Gas Savings" On Obamacare

Default Risk Soars After Ukraine's 'American' FinMin Suggests Severe Haircuts For Creditors (Including Russia)

Santelli Stunned As Janet Yellen Admits "Cash Is Not A Store Of Value"

Intended warning or unintended slip? After Alan Greenspan's confessional admission that

"Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,"

we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that

"cash in not a very convenient store of value,"

seemingly hinting at Bernanke's helicopter and that there will be no deflation in The US ever...  

Rick Santelli then sums it all up perfectly...  

"deflation is clearly the boogeyman... and the only thing that will save the middle class."

*  *  *

Yellen: "cash is not a convenient store of value…"

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Follow the link for videos. - Wes

What Deflation? The Price Of Ground Beef Has Doubled Since The Last Financial Crisis

by Michael Snyder via The Economic Collapse blog,

“Since the depths of the last recession, the price of ground beef in the United States has doubled.  Has your paycheck doubled since then? Even though the Federal Reserve insists that we are in a “low inflation” environment, the government’s own numbers show that the price of ground beef has been on an unprecedented run over the past six years.  In early 2009, the average price of a pound of ground beef was hovering near 2 dollars.  In February, it hit a brand new all-time record high of $4.238 per pound.  Even just 12 months ago, the price of ground beef was sitting at $3.555 per pound.  So we are talking about a huge increase. 

And this hits American families where they really live. Each year, the average American consumes approximately 270 pounds of meat.  The only nation in the world that eats more meat than we do is Luxembourg.  If the paychecks of American workers were going up fast enough to deal with this increase, it wouldn’t be that big of a deal.  But of course that is not happening.  In an article just last week, I showed that real median household income is a couple thousand dollars lower now than it was during the depths of the last recession.  The middle class is being squeezed, and we are rapidly getting to the point where burgers are going to be considered a “luxury” item…

Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left

       

Energy/Resources

It's The End Of March And 99.85% Of California Is Abnormally Dry Already 

The amount of water it takes to grow almonds in California is BANANAS 

Water use in California is a hot topic of debate as the state continues its fourth year of drought.

And there's some question as to whether California is misallocating the water that it does have. 

Here's a tidbit, from Mother Jones via Marginal Revolution's Alex Tabarrok

...agriculture uses 80% of the water in California but accounts for less than 2% of the economy. So how much water does almond production alone use? More water is used in almond production than is used by all the residents and businesses of San Francisco and Los Angeles combined.

It's important to note that California produces a huge chunk of the produce consumed in the United States. Presumably having food on the table is vastly more important to society than it would seem if you just look at it from a percentage-of-the-economy perspective.

But what about the almonds in particular? It takes a disproportionate amount of water to grow them versus other crops…”

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Fuck. Just as we are getting ready to say “goodbye” to the fish, here goes another staple for us folks with food allergies.

Not to mention the gigantic freaking canary that is dead on our living room floor, staring at us with rotting eyes… - Wes

Kitty litter led to radiation leak at New Mexico nuke waste dump

(Reuters) - A radiation leak at an underground nuclear waste dump in New Mexico was caused by "chemically incompatible" contents, including kitty litter, that reacted inside a barrel of waste causing it to rupture, scientists said on Thursday.

The U.S. Energy Department report on last year's radiation accident at the Waste Isolation Pilot Plant (WIPP) near Carlsbad showed that a drum of waste containing radioisotopes like plutonium was improperly packaged at the Los Alamos National Laboratory near Santa Fe before arriving for disposal.

The improper mix in the barrel, including the wrong sort of kitty litter used to absorb liquids, sparked a chemical reaction causing it to heat up and generate gases that dislodged its lid, spewing radioactive materials, investigators found…”

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And we are to trust our corrupted governments and their corporate cronies to store this kind of shit for thousands of years? Any bets on how that is going to turn out? - Wes

Destructive 'mega' icebergs keep breaking off Antarctica and wreaking havoc on the ocean floor 

Groundwater records should not be kept confidential in drought-stricken California

Imagine having two bank accounts with money for your everyday needs, only one of them – the one you draw from when the primary account runs low – is a virtual black box. You really have no idea what the balance is, and there is no record of deposits and withdrawals.

This is how water is managed in California, with 38mn people and the world’s eighth largest economy. In years of “normal” precipitation, the semi-arid state gets most of its water supply from winter rain and spring snowmelt. However, when this “primary account” of surface water supply dwindles during droughts, farms and communities rely heavily on a mystery account called groundwater, which truly is out of sight and, unfortunately, out of mind.

Few people have information about the underground stores that provide up to 60% of the state’s water supply during droughts, including water to about 600,000 relatively shallow domestic wells, located mostly in rural areas.

State records that provide information needed to characterize groundwater aquifers are kept confidential under a 64-year-old law that considers them proprietary to well drillers. Known as well logs, the records contain data that is public in every other western state – details such as where wells are located, their depth, potential pumping rates, diameter and descriptions of the groundwater-bearing sediments and rocks they are bored through…”

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Get out of California while you still can! It will be America’s first “failed State” very, very soon. I am talking to all my CollapseNet friends, family and subscribers here, and I mean every word. Thirty-nine million people surrounded by hundreds of miles of mostly uninhabitable desert…think on that for a while, but not too long. Get your plans in place and put them in action, because this is very real and it is happening right now, albeit in what appears to be slow-motion. That will change faster every week that goes past.

If you live in California, especially in SoCal, you need to pack your shit and move while there are still enough idiots left to buy your property!

I love California, but its fate cannot be more clear. The entire continent and world economy WILL be impacted hard by California’s drawdown (or die-off, if you prefer), but if you live there right now, this is a matter of imminent survival within the coming months.

California will be the world’s most massive demonstration of climate refugees, occurring in the wealthiest and most industrialized nation, but one that STILL HAS NO MEANS to absorb even a significant fraction of the people who are and will be displaced by Liebig’s Law of the Minimum (here, water) from California in the immediate future.

Mother Nature always bats last, hits hardest, and wins.

Anybody have a better plan than to GTFO? Your government doesn’t have one, that’s for certain… - Wes

"I'm Not Stupid" Monsanto Lobbyist Refuses To Drink Weedkiller After Proclaiming "It Won't Hurt You" 

 

 

Military/Intelligence

Turkey Devolves Into A Full Police State: Law Grants Unlimited Powers To Weaponized Police Force

While a source of much schadenfreude by its neighbors and casual onlookers, Turkey has become a glaring example of what happens to a formerly respectable nation as it devolves entirely into a banana republic with not only authoritarian overtones but a police state to boot. And earlier today, Turkey's conversion to a full blown police state was complete when, after weeks of heated debates and brawls in parliament, Turkey’s government passed a security package expanding police powers, along with an online surveillance law and a discretionary fund for President Recep Tayyip Erdogan to fund covert operations.

In other words, president Erdogan has just voted himself quasi-dictatorial powers with a private police force to defend him…”

Why Is Russia Building Massive Underground Bomb Shelters?

Probably because they think we will BOMB THEM at some point in the future. Duh… - Wes

Argentina's Kirchner is off the hook over Iran coverup

Why the Conflicts in Tikrit and Yemen Signal a New Middle Eastern War 

The TSA's Secret Behavior Checklist To Spot Terrorists

Pentagon "Loses Track" Of Equipment From $750mm Bomb-Spotting Program, Finds On eBay & Craigslist 

 

Civil Unrest/Politics

Police Gas Student Protesters In Quebec          

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