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Fri, 07 Oct 2022
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3 Doomsaying Experts Who Foresee Economic Devastation Ahead

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© Thinkstock
Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost. But a crash is coming in 2013 or 2014, he warns. "This will be a repeat of 2008-09, only bigger, when it finally hits," Dent told USA TODAY.

Gerald Celente, a trend forecaster at the Trends Research Institute, says Americans should brace themselves for an "economic 9/11" due to policymakers' inability to solve the world's financial and economic woes. The coming meltdown, he predicts, will lead to growing social unrest and anti-government sentiment, a U.S. dollar with far less purchasing power and more people out of work.

Bad Guys

No Justice! Judge Dismisses Organic Farmers' Case Against Monsanto

 Farmer Alan Madison fills a seed hopper with Monsanto hybrid seed corn near Arlington, Illinois, U.S. A group of organic and other growers say they're concerned they'll be sued by Monsanto if pollen from seeds like these drift onto their fields.
© Daniel Acker/Landov
Farmer Alan Madison fills a seed hopper with Monsanto hybrid seed corn near Arlington, Illinois, U.S. A group of organic and other growers say they're concerned they'll be sued by Monsanto if pollen from seeds like these drift onto their fields.

A New York federal court today dismissed a lawsuit against agribusiness giant Monsanto brought by thousands of certified organic farmers. The farmers hoped the suit would protect them against infringing on the company's crop patents in the future.

The Organic Seed Growers and Trade Association and several other growers and organizations do not use Monsanto seeds. But they were betting that the judge would agree that Monsanto should not be allowed to sue them if pollen from the company's patented crops happened to drift into their fields.

Instead, the judge found that plaintiffs' allegations were "unsubstantiated ... given that not one single plaintiff claims to have been so threatened." The ruling also found that the plaintiffs had "overstate[d] the magnitude of [Monsanto's] patent enforcement." Monsanto brings an average of 13 patent-enforcement lawsuits per year, which, the judge said, "is hardly significant when compared to the number of farms in the United States, approximately two million."

Bad Guys

America's Missing Foundations

bag lady
© Linh Dinh
Americans are living on borrowed time, economically. Like air conditioners, copper pipes and aluminum siding of a foreclosed home, what remains of our prosperity will be violently stripped away. There is no economic recovery because the foundations for such are simply not there. Jobs still leave the country, and the only way we can compete with foreign slaves is to become slaves ourselves, and don't think for a moment that this isn't by design.

Whistle

Doxed for telling truth? Stratfor report on Syria propaganda

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© JERRY LAMPEN/AFP/Getty Images
Syrian blogger Amjad Balazy at the Foreign Ministry in The Hague on Dec. 9
Missteps in the Syrian Opposition's Propaganda Effort

Syrian opposition groups are mounting a propaganda campaign to create the impression that the Alawite community is splintering and that the Syrian regime is internally cracking. While the opposition has done a better job of organizing itself in recent months, the propaganda effort has been hampered by recent missteps and suffers from a lack of credibility and coordination.

Analysis

Syrian opposition groups are engaged in an aggressive propaganda drive to promote the perception that the Alawite community is splintering and that the Syrian regime is cracking from within. Most of the opposition's more serious claims have turned out to be grossly exaggerated or simply untrue, thereby revealing more about the opposition's weaknesses than the level of instability inside the Syrian regime.

The continuity of Syrian President Bashar al Assad's regime depends on his ability to maintain unity within a few groups: his own al Assad clan, the Alawite-dominated army and the wider Alawite community. Were his patronage networks to unravel and the regime's powerful figures to start viewing each other as liabilities worthy of elimination, the demise of the regime would not be far off.

Star of David

Israeli Spin: Terrorists Could Get Syrian Weapons

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In a bold case of the pot calling the kettle black, Israeli officials are warning that weapons from the Syrian authorities could end up in the hands of Muslim terrorists, when Israel and the West are almost certainly arming terrorists in Syria.

Defense officials told Haaretz yesterday, that Hezbollah, based in Lebanon and other terror groups, could end up with large amounts of weapons from the Assad regime, including SA missiles, high-trajectory long-range rockets and missiles, and biological and chemical weapons.

No evidence was given to support their claims. Much like Iran's nuclear threat, Israel is operating from the position of "ifs and maybes", a stance that essentially means they can accuse anyone of anything without proof.

"What has been passed on to Hezbollah so far? What will be passed on in the future? What will be divided between the two factions in Syria?" Said Israel Air Force chief Maj. Gen. Amir Eshel.

Perhaps a more important question we should be asking is who is providing weapons to the rebels in Syria?

Gen. Eshel stated, as far as Assad's fall is concerned, "the question is when, not if." Does that mean Israel are lending a helping hand?

Bad Guys

UK Chancellor George Osborne: Government 'has run out of money'

George Osborne
© Press Association
Mr Osborne is under severe pressure to boost growth, amid signs the economy is slipping back into a recession.
The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.
Britain and other leading economies are not ready to fund another eurozone bailout, UK Chancellor George Osborne said on Sunday.

In a stark warning ahead of next month's Budget, the Chancellor said there was little the Coalition could do to stimulate the economy.

Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers.

"The British Government has run out of money because all the money was spent in the good years," the Chancellor said. "The money and the investment and the jobs need to come from the private sector."

Pirates

Armed Terrorist Attacks against Citizens, Law-Enforcement Forces, Oil Pipelines Intensified in Several Areas in Syria

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Terrorist groups continued armed attacks in Homs, Idleb and Damascus countryside targeting civilians and military personnel, and shelled residential areas with mortar shells and vandalized public and private facilities, not sparing even mosques to which citizens turned for protection.

The terrorist groups on Monday attacked citizens and law-enforcement members at several areas in Homs, and the authorities have been pursuing and clashing with them.

An armed terrorist group exploded two explosive devices behind the building of the Technical Services at al-Dablan Neighborhood in Homs.

The terrorists also shelled with mortars several neighborhoods of Homs. They also set off an exploive device in al-Khalidiye neighborhood that caused no injuries or casualties.

Vader

Lizzie Phelan: Massive bombing in Syria is Western response to Russia China veto, Israeli weapons found in Homs

Two explosions have hit Syria's northern city of Aleppo, state-run TV said on Friday. The attack struck the security compounds, killing at least 28 people and wounding 175 The blasts were the first in Syria's largest city. It has not been affected seriously by the Syrian uprising that began in March. Colonel Arif Hamood of the Free Syrian Army claimed responsibility for the two blasts that targeted military and security buildings in the city.


Star of David

Syria seizes Israeli weapons

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The Syrian envoy to the Arab League, Youssef Ahmad, speaking at an emergency AL meeting in Cairo, Egypt on October 16, 2011
The Syrian security forces have seized Israeli weapons from armed groups responsible for the killing of hundreds of people across the country.

The Syrian envoy to the Arab League (AL) made this announcement at an emergency meeting at the 22-member body's headquarters in the Egyptian capital Cairo on Sunday.

Youssef Ahmad said, "They are Israeli made automatic weapons. This is proven and we'll show it on TV channels," Syrian state television reported.

"These are the weapons used by the armed opposition to kill the sons of our nation."

Not one Arab country has condemned Tel Aviv's role in the internal violence in Syria or censured the killings of members of the Syrian Armed Forces in the unrest, Ahmad noted.

In addition, the envoy called on the Arab nations not to join, what he referred to as, a United States-backed plan to target Syria.

Star of David

Insurgents in Syria being armed from Israel

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The reconstruction of the Kleyate airport in the north of Lebanon has begun, the Arab media report. According to official reports, the airport is being restored to contribute to the country's economic development and to provide more opportunities for the national tourism industry.

But some experts believe that the airport is being reconstructed for other purposes. At present, the international airport in Beirut with passenger turnover of 6 million people a year fully meets the current needs of the country. It takes 2-3 hours to get to the airport from any corner of the country. In addition, Lebanon has one more airport in the north - the Khamat airport, which was built specially for the needs of the tourism industry and also for export of agricultural products. However the airport has never been used for these purposes because of a civil war which took place in Lebanon in the 1970-1990s.

Now, in peaceful times, it would be logical to start using the Khamat airport, located near the sea coast, for the needs of the country's tourism industry rather than the Kleyate airport, which was built in the mountains as a military airport and lacks civil infrastructure. It is difficult and expensive to transport construction materials using roads which run through mountains.