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NASA Warns: ‘Catastrophic’ Supervolcano Poses Bigger Threat The Mankind Than Asteroid

NASA Warns: ‘Catastrophic’ Supervolcano Poses Bigger Threat The Mankind Than Asteroid

NASA has warned that a catastrophic supervolcano’s eruption poses a bigger threat to humanity than does an asteroid. An eruption at Yellowstone, for example, would be an apocalyptic event – one which human beings have never experienced.

A supervolcano has the ability to “push mankind to extinction” with an eruption, NASA (National Aeronautics and Space Administration) further warned.  The space agency conducted a “thought experiment” called, Defending Human Civilization From Supervolcanic Eruptions.  In it, researchers stated that a supervolcano eruption was more likely to happen on Earth in the future than an asteroid hitting the earth, according to the Express Daily. NASA added: “Supervolcanic eruptions occur more frequently than a large asteroid or comet impacts that would have a similarly catastrophic effect to human civilization.” Jet Propulsion Laboratory researchers found that collisions from asteroids which are more than 2km in diameter occurred “half as often as supervolcanic eruptions.”

A supervolcano is defined as a volcano which is big enough to cause an eruption which could project more than 1000 km3 of material into the atmosphere. The term “supervolcano” was introduced to describe eruptions capable of “plunging the world into a catastrophe and push humanity to the brink of extinction,” according to researchers.

The caldera underneath Yellowstone National Park is perhaps the most famous supervolcano in the United States.  Yellowstone has the capacity to extinct humanity if it ever erupts.

Yellowstone is due for another eruption at any time, and no one knows when. Scientists haven’t even offered much of an educated guess, but NASA did say that they had plans to save the world from Yellowstone previously.  Although they admitted the plan could cause an eruption.

 …click on the above link to read the rest of the article…

One Reason You Might Have Some Time To Prepare For The Next Economic Recession

One Reason You Might Have Some Time To Prepare For The Next Economic Recession

There’s is one big reason why the U.S. will go into another recession eventually, but it’s the same reason you will have some time to prepare for it as well. Making money more expensive to borrow will lead to a recession, but the Federal Reserve isn’t raising rates.

That’s great news, but far too many Americans have already overspent and are in massive amounts of debts. Student loan debt is dragging down the economy and will eventually come to a head, regardless of the interest rates arbitrarily chosen by the central bankers at the Fed.

But according to Market Watch, the refusal to make money more expensive to borrow also buys the United States time before the next recession. Ed Yardeni opined that the inverted yield curve drove the Fed’s decision to keep interest rates where they are at as opposed to raising them.

In my recent book, Predicting the Markets, I wrote: “The Yield Curve Model is based on investors’ expectations of how the Fed will respond to inflation. It is more practical for predicting interest rates than is the Inflation Premium Model. It makes sense that the federal funds rate depends mostly on the Fed’s inflation outlook, and that all the other yields to the right of this rate on the yield curve are determined by investors’ expectations for the Fed policy cycle.” –Ed Yardeni, Market Watch

Yardeni suggested that after studying the relationship between the yield curve and the monetary, credit, and business cycles, the conclusion is that credit crunches, not inverted yield curve, and not aging economic expansions that cause recessions. The inverted yield curve also has a great track record when it comes to predicting recessions. 

 …click on the above link to read the rest of the article…

State Warning: Catastrophic Volcanic Eruptions In California Are ‘Inevitable’

State Warning: Catastrophic Volcanic Eruptions In California Are ‘Inevitable’

The United States Geological Survey (USGS) has warned that California’s next big catastrophe might not be a massive earthquake.  Instead, they say a massive volcanic eruption could plunge the state into a post-apocalyptic hellscape.

In a report released on Monday, the USGS said that at least 10 volcanic eruptionshave taken place in the past 1,000 years and that “future volcanic eruptions are inevitable.” The USGS has previously said that California in dire need of the monitoring of at least 8 active volcanoes.

USGS claims that most people are well aware of the fact that California could experience a major and deadly earthquake, but the general public is less than concerned about a volcanic eruption. “The potential for damaging earthquakes, landslides, floods, tsunamis, and wildfires is widely recognized in California,” the report said according to Newsweek. “The same cannot be said for volcanic eruptions, despite the fact that they occur in the state about as frequently as the largest earthquakes on the San Andreas Fault.”

The USGS estimated the risk of volcanic eruption based on the past 5,000 years of volcanic activity in California. The report further found that there is a 16 percent chance of a small to moderate-sized eruption over the next 30 years. As reported by Newsweek, by comparison, there is a 22 percent chance of a magnitude 6.7 or larger earthquake at the San Andreas Fault in the San Francisco Bay Area in the next 25 years.

Although one cannot stop a volcano from erupting, preparations can be made just in case this inevitable event happens on our watch. The potentially hazardous volcanoes in California are being monitored closely for any changes that indicate an eruption could be on the way, but that may not give those in surrounding communities much time to get awat from the hazard.  Americans by and large have long lost their willingness to prepare for cataclysmic events and natural disasters.

The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning

The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning

Global markets are now facing a $12 trillion dollar reckoning.  The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash.

recent report from the Congressional Budget Office has warned that deficits will total $11.6 trillion, or 4.4% of gross domestic product between 2020 and 2029. That’s far higher than the historical average of 2.9% over the past 50 years, according to data from INTL FCStone. This reckoning will come when no one wants to buy that debt, and that time is quickly approaching.

According to Business Insider, a deficit is only as ominous as the market’s inability to buy the excess debt that’s issued along the way. INTL FCStone macro strategist Vincent Deluard has serious concerns about that. So far, foreign central banks, and the U.S.’ central bank, The Federal Reserve. Central banks have begun selling debt though, not taking on more. The Fed has slashed Treasury holdings by $260 billion since October 2017, their foreign counterparts have sold almost $1 trillion over the past four years. Deluard says that those debts will terrifyingly be picked up by retail investors and pension funds.

But retail investors are running out of cash to by debt and pensions could implode at any time. “If retail investors finance budget deficits, the money will have to come from existing cash savings or equity holdings,” Deluard said in a recent client note. “Reversing to the long-term average stock allocation would free about $4 trillion in retail savings to go into the Treasury market.”

 …click on the above link to read the rest of the article…

Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”

Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc. says that the real national emergency is not at the southern border.  The real ticking time bomb is the national debt.

We are headed for a train wreck in this country because of the national debt and yet nobody seems concerned about it.  In fact, many Americans have taken to emulating the federal government by getting themselves buried in massive amounts of debt as well, compounding the issue. According to Seeking Alpha‘s report by Schiff Gold, we should all we wary of the government’s overspending and desire to tax more to make up for it. Just because we haven’t suffered a crisis – YET- based on this debt doesn’t mean that one isn’t coming.

On Friday, President Donald Trump declared a national emergency so he could build a wall at the southern border. Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall. But the problem isn’t that we don’t have a wall, says Schiff.  The problem is we’ve already built a wall of debt.

“Of course, the real national emergency is not the lack of a wall, the failure to build a wall, but building up the national debt.” –Peter Schiff via Seeking Alpha

The United States debt surpassed the $22 trillion mark just last week and continues to rocket upward with no end in sight and this is just the very tip of the iceberg.

This is just a funded portion of the debt. This is where the US government sells a bond and somebody owns that bond.

 …click on the above link to read the rest of the article…

Yellowstone Supervolcano Eruption Fears SPIKE As Geysers Become More Active

Yellowstone Supervolcano Eruption Fears SPIKE As Geysers Become More Active

Some of Yellowstone’s geysers have been more active lately reigniting fears that the massive supervolcano will erupt. The sudden bursts of steaming hot water highlight the dramatic nature of Yellowstone while reminding us we are all at the caldera’s mercy.

While average people seemed concerned, geologists seemed excited and thrilled when Yellowstone’s steamboat geyser began erupting again in 2018. It has been erupting as often as once a week since last March, according to National Geographic, and scientists continue to say the volatile activity is not a sign of an imminent eruption.  The Yellowstone Volcano Observatory reported that Steamboat has now set a record by erupting a whopping 32 times in 2018, a personal best for the geyser for a single calendar year.  It’s the world’s tallest active geyser, and at the best of times, it can shoot hot water 300 feet into the air. However, it isn’t just the Steamboat Geyser that has been concerning people.

Ear Spring Geyser, for example, has been almost since 1957, but it erupted spectacularly a few months back and sprayed human garbage from the 1930s all over the national park. But scientists insist this doesn’t mean an eruption is pending. “It’s a good lesson in how geysers actually work,” said Michael Poland, the scientist-in-charge at Yellowstone Volcano Observatory. “As soon as you start to recognize a pattern [in a geyser’s eruption], it changes.”

“As [far as] geysers go, Steamboat is sort of typical in terms of having these sporadic, unpredictable eruptions,” Poland notes. “But because it’s this really tall geyser and it has this name recognition, it makes it that much more interesting.” But again, it’s not just Steamboat Geyser that has people concerned.  “But back in 2007 to 2008, Giant [geyser] went bananas,” Poland says. “It erupted many, many more times than it had in the past year—and Steamboat didn’t do anything of the sort.”

 …click on the above link to read the rest of the article…

Peter Schiff: ‘This Is The Beginning Of The End’ For The Economy

Peter Schiff: ‘This Is The Beginning Of The End’ For The Economy

Peter Schiff, the President and CEO of Euro Pacific Capital, and one of the few who predicted the 2008 Great Recession before it happened has said that what we are experiencing now is “the beginning of the end.” Schiff made his comments during his keynote speech at the Vancouver Resource Investment Conference.

The economic guru says that the Federal Reserve has made the decision to halt interest rate hikes in order to attempt to save the flailing stock market – the key indicator for far too many of how “healthy” the economy is at current. According to Seeking Alpha, the markets responded to the Fed’s decision in a positive manner, leading many to think we are “out of the woods” and no longer in danger of a recession.

However, Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put the United States on a path toward a financial crisis that will be bigger than 2008. Peter insists he’s been right about what would happen all along, it’s just taken us a little longer to get to the actual financial disaster than he expected.

“The reason that I originally said that I did not expect the Fed to raise rates again was because I knew that raising rates was the first step in a journey that they could not finish, that in their attempt to normalize rates, the stock market bubble would burst and the economy would reenter recession.

Normalizing interest rates when you’ve created an abnormal amount of debt is impossible.

 …click on the above link to read the rest of the article…

The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle

The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle

American farmers are battling several issues when it comes to producing our food.  Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers.  They are officially in crisis mode, just like the United States’ food supply.

“The farm economy’s in pretty tough shape,” said John Newton, chief economist at the American Farm Bureau Federation. “When you look out on the horizon of things to come, you start to see some cracks.” Average farm income has fallen to near 15-year lows under president Donald Trump’s policies, and in some areas of the country, farm bankruptcies are soaring.  And with slightly higher interest rates, many don’t see borrowing more money as an option.  “A lot of farmers are going to give the president the benefit of the doubt, and have to date. But the longer the trade war goes on, the more that dynamic changes,” said Brian Kuehl, executive director of Farmers for Free Trade, according to Politico.

With no end to the disastrous trade war in sight, many farmers have traveled to Washington to share their plights with the president himself hoping that he’ll end the trade war that’s exacerbating an already precarious food crisis.  Farmers make up a fairly large chunk of president Trump’s base, and an unwillingness to put food production in the United States first could be detrimental for Trump reelection chances in 2020. It could also be the beginning of a catastrophic food shortage.

The Federal Reserve Bank of Minneapolis warned back in November of rising Chapter 12 bankruptcies used by family farmers to restructure massive amounts of debt. The Fed said that the strain of low commodity prices “is starting to show up not just in bottom-line profitability, but in simple viability.”

 …click on the above link to read the rest of the article…

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE

The debt crisis in the United States of America has reached apocalyptic proportions.  A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.

According to a recent analysis of the 75 most populous cities in the United States, 63 of them can’t pay their bills and the total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.  That means those depending on that money, likely won’t see a dime of it. 

“This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual “Financial State of the Cities” report produced by the Chicago-based research organization, Truth in Accounting (TIA), states. TIA is a nonprofit, politically unaffiliated organization composed of business, community, and academic leaders interested in improving government financial reporting.

Many state and local governments are not in good shape, despite the economic and financial market recovery since 2009,” Bill Bergman, director of research at TIA, told Watchdog.org.

The top five cities in the worst financial shape are New York City, Chicago, Philadelphia, Honolulu, and San Francisco. These cities, in addition to Dallas, Oakland, and Portland, all received “F” grades. In New York City, for example, only $4.7 billion has been set aside to fund $100.6 billion of promised retiree health care benefits. In Philadelphia, every taxpayer would have to pay $27,900 to cover the city’s debt. In San Francisco, it would cost $22,600 per taxpayer.

 …click on the above link to read the rest of the article…

Google Manipulated YouTube Search Results To Program Users’ Behavior

Google Manipulated YouTube Search Results To Program Users’ Behavior

In a new leak that can be accurately labeled “the smoking gun,” Google has been busted manipulating search results on YouTube in order to manipulate social behaviors and control minds. An internal discussion thread leaked to Breitbart Newsreveals that Google regularly intervenes in search results on its YouTube video platform.

According to Breitbart, the existence of the blacklist (terms Google considered sensitive) was revealed in an internal Google discussion thread leaked to Breitbart News by a source inside the company who wishes to remain anonymous. A partial list of blacklisted terms was also leaked to Breitbart by another Google source. Some of the blacklisted terms included “abortion,” and terms related to the Irish abortion referendum, Democratic Congresswoman Maxine Waters, and anti-gun activist and communist, David Hogg.

In the leaked discussion thread, Breitbart further reported that a Google site reliability engineer hinted at the existence of more search blacklists, according to the source. “We have tons of white- and blacklists that humans manually curate,” said the employee. “Hopefully this isn’t surprising or particularly controversial.”

According to the source, the software engineer who started the discussion called the manipulation of search results related to abortion a “smoking gun.”

The software engineer noted that the change had occurred following an inquiry from a left-wing Slate journalist about the prominence of pro-life videos on YouTube and that pro-life videos were replaced with pro-abortion videos in the top ten results for the search terms following Google’s manual intervention.

“The Slate writer said she had complained last Friday and then saw different search results before YouTube responded to her on Monday,” wrote the employee. “And lo and behold, the [changelog] was submitted on Friday, December 14 at 3:17 PM.” –Breitbart

…click on the above link to read the rest of the article…

Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro

Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro

Russia is continuing to ramp up its efforts to move away from the American dollar.  The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch the dollar.

The Central Bank of Russia has moved further away from its reliance on the United States dollar and has axed its share in the country’s foreign reserves to a historic low, transferring about $100 billion into euro, Japanese yen, and Chinese yuan according to a report by RTThe share of the U.S. dollar in Russia’s international reserves portfolio has dramatically decreased in just three months between March and June 2018.  The holding decreased from 43.7 percent to a new low of 21.9 percent, according to the Central Bank’s latest quarterly report, which is issued with a six-month lag.

The money pulled from the dollar reserves was redistributed to increase the share of the euro to 32 percent and the share of Chinese yuan to 14.7 percent. Another 14.7 percent of the portfolio was invested in other currencies, including the British pound (6.3 percent), Japanese yen (4.5 percent), as well as Canadian (2.3 percent) and Australian (1 percent) dollars.

The Central Bank’s total assets in foreign currencies and gold increased by $40.4 billion from July 2017 to June 2018, reaching $458.1 billion. –RT

Russian and others have been consistently moving away from the dollar and toward other currencies.  Economic sanctions, which are losing their power as more countries move from the dollar, and trade wars seem to be fueling the dollar’s uncertainty.

Russia began its unprecedented dumping of U.S. Treasury bonds in April and May of last year.

…click on the above link to read the rest of the article…

Doctors See A Spike In Patients ‘Chronic Viral Infection’ Lasting Over One Month

Doctors See A Spike In Patients ‘Chronic Viral Infection’ Lasting Over One Month

Many doctors in Texas are reporting that their patients are suffering from a viral infection for over one month. Although the virus appears to be different to that of the common cold or the flu, it is causing long-term illness.

According to a CBS Local News report, Physicians with Texas Health Dallas are seeing a spike in such cases reported a spokesperson. Additionally, Dr. Gary Gross, who is on staff with Texas Health Dallas, said that this infection can persist four to six weeks and maybe even longer.

“The cough is unusual in two respects,” Dr. Gross said.“Usually, we’ll see a person get a cough or a cold and it will last for a week or 10 days. But this year it’s lasting for like four weeks, six weeks. And it just doesn’t seem to get better.” The other odd thing about this viral infection is that it appears to be spreading quickly; a lot more people have it. According to Gross, he is seeing at least one patient a day with the virus. For perspective, he usually sees one a week at the very most.

Of course, when it comes to viruses, there is no immediate fix.  Like the common cold, this persistent cough must run its course. Antibiotics won’t work on a viral infection. “There’s some medicines that have a substance called [DM]. DM is what we usually use. And those medicines that have the DM do seem to calm the cough. There are some other medicines that are prescription that they can get from their doctor,” Gross added.  But there isn’t much anyone can do other than drink plenty of fluids and get a lot of rest.

…click on the above link to read the rest of the article…

The $1.2 Trillion College Debt Crisis Is CRIPPLING The Economy

The $1.2 Trillion College Debt Crisis Is CRIPPLING The Economy

A whopping two-thirds of American college students graduate school already deeply in debt. But the decision to go into debt to pay for a college degree is a $1.2 trillion crisis that’s crippling the economy.

According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate with $26,600 in student loan debt. That means, that before a dollar is made using the degree, most Americans will owe money to someone else. The trend is not doing the economy any favors either. One in 10 graduates will accumulate more than $40,000 in debt and 1% of graduates will accumulate over $100,000 in student loan debt.

According to the Consumer Financial Protection Bureau, student loan debt has reached a new milestone, crossing the $1.2 trillion mark — $1 trillion of that in federal student loan debt in 2013. That debt currently stands at a whopping $1.5 trillion.  Andaccording to a report by Forbes, this is a negative sum game for both the borrowers and the economy.  Although taking out massive amounts of debt for college is now the new normal, it’s crippling the economy and the personal financial situations of millions of borrowers.

However, the Pittsburg Post-Gazette says there isn’t a student loan crisis in a recent op-ed. But this information is coming from those who profit off of student loans, such as college presidents.  But others say that this is simply a matter of supply and demand and there is more demand than supply.  Additional options should be presented to those who have become intent on debt rather than a mandated degree.  Educating students on the power of debt should also be considered to help stave off and eventually eliminate this problem.

…click on the above link to read the rest of the article…

4 Bad Ideas That Can Get You Killed When SHTF

4 Bad Ideas That Can Get You Killed When SHTF

In a survival situation, every decision you make is crucial. One wrong move can quickly cost you your life. If you want to survive when SHTF, you should avoid these four bad prepping ideas at all costs.

(h/t to BeansBulletsBandagesAndYou.com)

Drinking unfiltered or unpurified water

Just because the water looks clean doesn’t mean it isn’t clean. If you don’t have a reliable source of clean drinking water, you probably won’t last longer than three days. If you start drinking unclean water out of desperation, your chances of survival could dwindle even lower. Even drinking from clear mountain springs can potentially be harmful to your health, if you don’t filter or purify it first. You could expose yourself to all sorts of waterborne diseases and parasites that are invisible to the naked eye. SHTF will really happen if you have to deal with a serious bout of diarrhea on top of all your other problems. At the very least, you should always boil your water first before drinking it. It isn’t worth it to take your chances otherwise. (Related: Do you have a safe source of water for a SHTF situation? Top 5 water purification mistakes.)

Playing with fire

In order to boil your water, you must first learn how to build a fire. Campfires serve a number of uses, such as cooking and keeping you warm, but you must always be responsible for any fires that you start. If you don’t have the faintest idea of how to build a fire, then you shouldn’t try to build one in the first place. You should also first learn how to properly put out fires before making any attempts at starting them. In the right conditions, it can sometimes only take a few neglected embers to spark a raging wildfire.

…click on the above link to read the rest of the article…

California’s Next Calamity: Storms Compounded By High Tides

California’s Next Calamity: Storms Compounded By High Tides

The wildfires that have taken their toll on California could be just the beginning of the state’s calamities. Now, the high tides of winter are coming and if those tides are worsened by an incoming storm, they could devastate entire cities on the coasts.

On December 10, the National Oceanic and Atmospheric Administration (NOAA) released a report stating there is an 80 percent chance of an El Niño event this winter. Such events are associated with wetter and more intense winter storms. However, NOAA does caution that its data are from September through November and the intensity of the El Niño will not be known for quite some time still.

Tides are determined by the sun and moon’s gravitational pull on the oceans. This warning from NOAA comes as heavy storms bear down on California’s Pacific Northwest.   In central and northern California on Monday,  waves were as high as 30 feet, with 40- to 50-foot breaks. Coastal flooding and erosion were reported. And sn even-more-powerful storm smacked the region yesterday, prompting flood watches, high-wind alerts, and winter storm warnings across nine states.

According to ABC News, holiday travelers along I-5, which runs north to south through Washington, Oregon, and California, can expect to be drenched with heavy rains. Although that storm has mostly passed and is headed to the Rocky Mountains, California is not out of the woods just yet. High surf warnings were issued by the National Weather Service from Point Conception, California, north of the Los Angeles  Basin, to the coast of southwestern Washington, highlighting an especially heightened threat to life and property within the surf zone, reported Weather.com. 

…click on the above link to read the rest of the article…

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