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The slow-motion collapse of the West

banking collapse
© unknown
Many analysts outside the mainstream herd have been making dire predictions about the collapse of the economies of the Western bloc for the past several years, myself included. Those predictions have not come to pass. Does this mean that we were wrong, or at best woefully premature in our thinking? Simply, no.

Analysis (and prediction) is based upon the rational assessment of data. It is (or at least is supposed to be) a purely logical extrapolation based upon existing trends and parameters. Part of this "rational assessment" is the presumption that the various actors and authorities in our markets and economies will respond to these trends and parameters in a rational manner.

This is not merely a reasonable basis for engaging in analysis, it is the only basis. The only option to expecting rational behavior from these various participants would be to expect irrational/arbitrary behavior. However, by definition, irrational/arbitrary behavior is unpredictable. Thus such an approach is no longer "analysis" at all. It devolves into a mere guessing-game.

So we expect rational behavior and rational responses to various economic/market stimuli because we have no other choice, and when we don't see such behavior this inevitably skews all analysis based on such rational expectations. What is important to note, however, is that irrational/arbitrary behavior (and thinking) does not invalidate such rational assessments and predictions - at least not those based upon Big Picture trends/parameters - it merely alters the time-horizon.
X

Russia bans import of GMO products, decides to go organic instead

© RIA Novosti / Maksim Bogodvid
Russia will not import GMO products, the country's Prime Minister Dmitry Medvedev said, adding that the nation has enough space and resources to produce organic food.

Moscow has no reason to encourage the production of genetically modified products or import them into the country, Medvedev told a congress of deputies from rural settlements on Saturday.

"If the Americans like to eat GMO products, let them eat it then. We don't need to do that; we have enough space and opportunities to produce organic food," he said.
Heart - Black

Calgary stabbings: 4 male youths, 1 female dead


A suspect is in custody after five young people - four males and one female in their teens to 20s - died following early-morning stabbings in northwest Calgary.

The stabbings happened around 1:20 a.m. MT on Tuesday at an address in the 100 block of Butler Crescent N.W., police said.

Five people - four males and one female - are dead after a house party in Calgary's northwest. A neighbour says the university-aged people had a BBQ earlier in the day to celebrate the last day of classes.

Comment: Last week 14 people were hurt in a Texas college stabbing spree. Two days ago there was another mass shooting. Back in 2010 there was a very odd rash of stabbings Things are heating up, the social and psychological pressure in a world severely out of balance because of the influence of psychopaths in power is proving too much for some people. Things can only get worse.

Eye 1

School administrators bully student with learning disability into deleting recording of bullying by threatening him with felony wiretapping

A high school sophomore in Pennsylvania who had been bullied all year by classmates with no help from his teacher decided to audio record the bullying on his iPad as evidence.

But instead of disciplining the bullies, school officials called police on him, threatening to have him arrested for felony wiretapping.

By the time the cops arrived at South Fayette High School in McDonald, school administrators had already forced the 15-year-old boy to delete the audio clip.

So police charged him with disorderly conduct instead, a charge he was convicted of last month.

Meanwhile, the bullies and the teacher who allowed the bullying - not to mention the administrators who intimidated him into deleting the audio - have yet to be disciplined.

Here's hoping karma catches up to all of them, including Judge Maureen McGraw-Desmet, who convicted the child because, she said, he went to the "extreme" of recording the bullying rather than "let the school handle it."
Blackbox

Oslo's amnesic mystery man who speaks 5 different languages, allegedly identified by Czech Police

The amnesiac found lying in the snow beside an Oslo carwash has been identified by police, ending a four-month-long mystery.

Czech police have contacted the mystery man's parents a day after Norwegian officers released his photograph to the public.

"We were informed ... through Interpol that the Czech police had identified the man," said Oeyvind Torgersen from Oslo police.

"The Czech police went to his parents ... We know his identity."

Police have been referring to the man - who is aged in his early 20s - as "John Smith".

Despite the positive identification, Mr Torgersen did not reveal the man's real name.

The man, who speaks five languages, was discovered in last December and told police he had no memory of his identity.

He claims to have no idea how he came to be in Oslo. Nor does he know how he learned to speak five languages, including English with a heavy Slavic accent.
Take 2

Prosecutor says Pistorius 'concocted' story as runner sobs on witness stand

The chief prosecutor in the murder trial of Oscar Pistorius on Monday accused him of tailoring his version of how he killed his girlfriend to fit evidence at the scene, exhaustively listing alleged inconsistencies in the athlete's account of the fatal shooting of Reeva Steenkamp.

The court temporarily adjourned late in the morning after the double-amputee runner started to sob while testifying about the moments before he killed Steenkamp in his home in the early hours of Feb. 14, 2013. Chief prosecutor Gerrie Nel had asked him what exactly he shouted as he moved toward the bathroom where he shot Steenkamp, who was behind a closed door in the toilet cubicle.

Pistorius said he thought there was an intruder in the house. After a long pause after the question, he said he screamed, using an expletive, for the purported intruder to get out of his house. As he testified, Pistorius began to wail and Judge Thokozile Masipa called an adjournment. Just over an hour later and after court resumed, Pistorius again broke down when replying to a question on why he had opened fire, causing a second adjournment.

The prosecution has said Pistorius' account of a mistaken shooting is a lie. Nel opened the fourth day of cross-examination by alleging that Pistorius had "concocted" his account of the shooting.
Magnify

527 potential suspects in French high school rape - mass DNA testing

© AFP PHOTO , XAVIER LEOTY
The departemental director of public safety, Olivier Le Gouestre, shows the DNA kit during a press conference at La Rochelle tribunal, western France, on April 14, 2014
French investigators began taking DNA samples Monday from 527 male students and staff at a high school -- including boys as young as 14 -- as they searched for the assailant who raped a teenage girl on the closed campus.

Testing began Monday at Fenelon-Notre Dame high school in western France. All those who received summonses last week were warned that any refusal could land them in police custody, and no one rejected the sweeping request to test the high school's male population.

The testing of students, faculty and staff at the school is expected to last through Wednesday, with 40 DNA swabs recovered inside two large study halls. Prosecutor Isabelle Pagenelle said investigators had exhausted all other leads in the Sept. 30 rape of the girl in a dark bathroom at the school.

"The choice is simple for me," she said. "Either I file it away and wait for a match in what could be several years, or I go looking for the match myself."
Sherlock

Czech amnesiac found in Oslo last December may have been a computer expert for Czech government

© Oslo Police
36-year-old Mihal
The parents of a 36-year-old Czech amnesiac whose identity has been confirmed by DNA tests will visit him in Oslo where he was found last winter, a news report said Saturday.

"I'm waiting for my passport and I'm booking the flights," the father identified only as 74-year-old Vladislav P. told the tabloid daily Blesk.

"A legal expert and interpreter will go with us," he added.

The amnesiac, whose first name is Michal according to Blesk, was found half-unconscious in the snow near a carwash on December 14th in the Norwegian capital.

Dubbed "John Smith" at the time, he said he did not remember who he was or how he ended up in Norway, but that he did not think he travelled there by choice and was not prepared to return to his country.
Document

Guardian and Washington Post win Pulitzer prize for NSA revelations

© Photograph: AFP/Getty Images
The Guardian revealed the NSA's bulk collection of phone records 10 months ago based on Edward Snowden's leaks
The Guardian and the Washington Post have been awarded the highest accolade in US journalism, winning the Pulitzer prize for public service for their groundbreaking articles on the National Security Agency's surveillance activities based on the leaks of Edward Snowden.

The award, announced in New York on Monday, comes 10 months after the Guardian published the first report based on the leaks from Snowden, revealing the agency's bulk collection of US citizens' phone records.

In the series of articles that ensued, teams of journalists at the Guardian and the Washington Post published the most substantial disclosures of US government secrets since the Pentagon Papers on the Vietnam war in 1971.
Evil Rays

Telecom expert who crashed tank into cell phone towers, out of prison to fight for awareness on lethal EMF's


Comment: The Hidden Dangers of Cell Phone Radiation

Electromagnetic radiation and its effect on the brain: an insider speaks out

Cell Phones and Cancer: the Risk is Real

European Leaders Call for Ban of Cell Phones and WiFi in Schools

Telecom company patent admits wireless radiation is harmful

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