'We're 1 act away from social cataclysm' (EMP)

Grave threat could affect lives of 160 million people

WASHINGTON – While Washington is abuzz this week with investigations into several scandals, a summit on a much graver threat that could affect the lives of some 160 million people is underway on Capitol Hill. The annual International Electric Infrastructure Security Summit beganMonday with panel discussions on the vulnerability of U.S. power grids to potential threats. The summit opened with a chilling video calling into question the U.S.' preparedness to handle the threat of electromagnetic pulse, or EMP, and severe space weather that could cripple the U.S. technological infrastructure to a debilitating degree. "We are only one act of madness away from a social cataclysm unlike anything our country has ever known," said conference moderator Rep. Trent Frank, R-Ariz. Read the documentation that's sparking the worry about the EMP threat, in "A Nation Forsaken." Electric Infrastructure Security Council Founder and CEO Avi Schnurr warned summit attendees, "Governments and corporations are used to dealing with crises by experiencing them and gradually learning how to respond. EMP and severe space weather are in a different category. We are talking about a black swan event, which is not effectively survivable." Throughout the day, panelists drew attention to just how unprepared the U.S. is to handle such a threat. As one speaker explained, water supplies, food, gasoline, transportation, emergency services, medical care and financial services would essentially come to a standstill in the event of an EMP attack or severe space weather catastrophe. Dr. Robert Hermann of the Commission to Assess the Threat to the United States from Electromagnetic Pulse Attack warned, "EMP is one of a small number of threats that could hold at risk the continued existence of U.S. civil society." As WND reported, scientists have predicted an increased number of solar flares in the near future as the sun approaches its peak activity. The intense solar storms are expected to last as long as until 2020. For the U.S., the increase in space weather activity draws concern, as it is a technologically based society dependent on critical electronic infrastructure, which could be severely damaged in the case of a massive solar flare or EMP. With an EMP generated from the sun's flares – some of which can be up to 10 times the size of the Earth – the unprotected grid, including transformers, electrical components and automated control systems that everyone takes for granted in their everyday lives, could either be severely damaged or fried, taking months if not years to replace. NASA estimates that a direct hit to Earth from one of these enormous flares would have a catastrophic impact on the nation's critical infrastructures over a very wide geographical area. In the first year alone, NASA estimates, such a disaster could cost just the U.S. upward of $2 trillion. It also would take from four to 10 years to recover – if that even would be possible – and affect the lives of some 160 million people, threatening starvation and death. Some EMP experts say that such a catastrophic event could  wipe out America's urban centers, due to their total dependency on critical infrastructures for electricity, communications, food and water delivery, oil and gas, transportation, automated banking and financial institutions and even emergency services. Rep. Yvette Clark, D-N.Y., warned the EIS Summit, "The likelihood of a severe geomagnetic event capable of crippling our electric grid is 100 percent."

Another Example of "The Government Doesn't Like Competition"

Federal Reserve initiates investigation into
PayPal, Bitcoin for security risks

The Federal Reserve is conducting an investigation into online payment systems like PayPal and virtual currencies such as bitcoin because financial institutions are concerned those online participants could disrupt the financial system, according to officials who gathered Monday for the International Monetary Conference in Shanghai.

In March, the Treasury Department concluded that issuers or exchangers of online money, including currencies that are not backed by the federal government, would be subject to money-laundering rules and regulations.

Also, the Department of Homeland Security had confiscated the accounts of Mutum Sigillum LCC, one bitcoin digital currency exchange operator. It claimed the company and a subsidiary had performed transactions “as part of an unlicensed money service business.”

It appears that the establishment is terrified of competing currencies. As more and more people head into precious metals, virtual currencies and other alternative forms of money, the confidence in the U.S. dollar and other currencies is being eroded due to irresponsible monetary policy.

http://economiccollapsenews.com/2013/06/04/federal-reserve-initiates-investigation-into-paypal-bitcoin-for-security-risks/

The dollar – and the USA – is toast!

Lord Monckton sees China prepping for final collapse of America



Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn’t.

How did the nihilistic left succeed in destroying America? Simple. They learned just a little of the capitalism they hate, and they drove your nation into outright bankruptcy.

And here is what the GOP has to say about it: just about nothing.

The once-mighty United States is now the most indebted nation on Earth. In round numbers, here are just some of the vital statistics as the patient dies:

National debt: $17 trillion, or $50,000 per man, woman and child, or $150,000 per taxpayer. Annual federal deficit: $1 trillion. Medicare/Medicaid/Obama”care”: $1 trillion a year. Social Security: another $1 trillion a year. Defense: two-thirds of a trillion. Unemployment handouts: $2 billion per working day. Debt interest: $1 billion per working day. Federal pensions, ditto.

Now for the big numbers. Your government’s Social Security liability is as big as the national debt: $17 trillion. Its prescription drug liability is $22 trillion. Then there’s the Medicare liability of $86 trillion. Total unfunded liabilities of the U.S. government are $125 trillion.

Net assets for each U.S. citizen are $300,000. The net liability of the U.S. government, shared among its citizens, amounts to almost four times that: $1.1 million a head. And the government’s debt is growing at $1 million every 45 seconds. To cover its annual deficit, it is printing $1 trillion a year of currency that is not backed by any asset whatsoever.

Here is what will happen next. When the crash comes, don’t say you weren’t given fair and clear warning.

First, the dollar will cease – no, make that “is already ceasing” – to be the world’s reserve currency. China, as I have been warning you she would, has realized the dollar is finished. So she is quietly making startling progress with bilateral and multilateral deals to replace the dollar with the yuan as the world’s currency of choice.

Sterling, once the world’s reserve currency, went precisely the same way in 1967 under orders from Moscow, which then largely controlled the governing Socialist Labor party in Britain.

After the Second World War, the Socialist/Communist governments of Attlee and Wilson bankrupted Britain with health-care and welfare programs and nationalization of industries. Inflation rose to 27 percent.

Obama’s copycat policies are different in only one respect. Moscow is no longer calling the shots. International totalitarianism no longer needs direction. Its cruel, hate-filled, destructive mission now advances on autopilot.

Watch some of the straws in the wind. China and Korea have come to a little-noticed agreement that international trade between them will no longer be denominated in U.S. dollars, but in yuan, or Won.

Behind the closed mahogany doors of the world’s finance houses, elaborate and secret preparations are being made for the upheaval and international financial collapse that will follow the deliberate printing-out and consequent implosion of the dollar.

Your GOP representatives should be, but are not, asking the administration to reveal to them the ever-tougher terms on which the Chinese continue – with ever-greater reluctance –to lend money to keep their communist ally in the White House afloat.

Do not believe China cannot afford to let her biggest creditor fail. She can, she will, and she is making careful preparations to do just that.

If you thought the crash of 2008 was bad, think again. The crash that is coming –I cannot put a date on it, but it is not far away now – will be orders of magnitude worse.

So, what should you do to protect yourself and your family? First, get rid of every dollar you have. Dollars are now all but worthless. When the crash comes, they will have no value at all.

In hard times, most financial instruments – currencies, stocks, bonds – are not worth the paper they are printed on. Get rid of them now. Buy silver coins. They will quintuple in price once the crash sets in, and they are small enough to be fungible when the dollar dies.

Buy land, some of it well-wooded, some of it arable, some of it grassland. You will need the timber to power your steam tractor. Gasoline will be a costly rarity. And make sure you can defend yourselves. Starving mobs are no respecters of persons. Do what the Mormons do: Get three months’ supply of imperishable foodstuffs and hide them in the basement.

Absurd though this advice may now seem, there is a real danger that the crash will sudden. If so – perhaps for several months, and even for years – the fabric of civilization, including the food-supply chain, will fail.

It is not my custom to write in millenarian or apocalyptic terms. But the very best that can be said for your current administration is that it simply has no idea what damage it is doing. It is printing money in the vain hope of buying itself time. Yet every fake dollar that comes off the printing-presses makes the problem worse and the solution harder.

At worst, what is now happening to your nation may be deliberate. In that event, your current “president” will go down as history’s greatest villain. In any event, he will go down as history’s greatest incompetent.

Do not believe none of this can happen. Psychiatrists study what they call “normalcy bias.” People expect that everything will carry on and that America is too big to fail. She is not. She has failed. You will pay a heavy price for her failure, unless you act now to defend yourselves against what your government, with the culpable, silent acquiescence of the GOP, is doing to destroy your nation.

Finally, pray. God bless America. It has been nice knowing you. Only when you are gone will the world realize how much it misses you, and – paradoxically – how much it owes you.


Read more at http://www.wnd.com/2013/05/the-dollar-and-the-usa-is-toast/#xXKM4pi0SgJOsm5J.99

Chinese scientists slammed for creating mutant influenza virus in laboratory Read more: http://www.foxnews.com/health/2013/05/03/chinese-scientists-slammed-for-creating-mutant-influenza-virus-in-laboratory/?intcmp=HPBucket?test=latestnews#ixzz2SFiXRsEZ

Chinese scientists are being criticized for their “appalling irresponsibility” after they intentionally developed a new mutant influenza strain in a veterinary laboratory, the Independent reported. 

Experts have warned that the new virus strains could potentially escape the lab, which could cause a global pandemic and lead to the deaths of millions.

The viral mixing experiment was led by Professor Hualan Chen, director of China’s National Avian Influenza Reference Laboratory at Harbin Veterinary Research Institute.  Chen and her colleagues mixed parts of the H5N1 bird flu virus with a 2009 strain of the H1N1 virus.  

The H5N1 virus is not easily transmitted from person to person, but infections of this strain are highly lethal. The H1N1 strain used is very easily transmitted, making the combination of the two strains extremely dangerous.

According to the researchers, the study was meant to imitate how flu hybrids are created in nature, comparable to when pigs are infected with two different virus strains.

“The studies demonstrated that H5N1 viruses have the potential to acquire mammalian transmissibility by re-assortment with the human influenza viruses,” Professor Chen said in an e-mail.

“This tells us that high attention should be paid to monitor the emergence of such mammalian-transmissible virus in nature to prevent a possible pandemic caused by H5N1 virus,” she said. 

Chen and her colleagues were able to create 127 different virus hybrids, five of which were airborne transmittable between guinea pigs in the lab.

Many experts have quickly slammed the research, including Lord Robert May, the Baron May of Oxford and former chief scientific advisor to the British government.  Lord May said the study did nothing to further scientists’ understanding of flu pandemics.  

“They claim they are doing this to help develop vaccines and such like. In fact the real reason is that they are driven by blind ambition with no common sense whatsoever,” Lord May told The Independent. “The record of containment in labs like this is not reassuring. They are taking it upon themselves to create human-to-human transmission of very dangerous viruses. It’s appallingly irresponsible.”

Read more: http://www.foxnews.com/health/2013/05/03/chinese-scientists-slammed-for-creating-mutant-influenza-virus-in-laboratory/?intcmp=HPBucket?test=latestnews#ixzz2SFiRm1ty