Welcome to Sott.net
Sat, 25 Jan 2020
The World for People who Think

Society's Child
Map

Dollar

Food Riots, Tax Rebellions By 2012...Trend Forecaster, Renowned for Being Accurate in the Past, Says

The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.

Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.

Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.

"We're going to see the end of the retail Christmas....we're going to see a fundamental shift take place....putting food on the table is going to be more important that putting gifts under the Christmas tree," said Celente, adding that the situation would be "worse than the great depression".

"America's going to go through a transition the likes of which no one is prepared for," said Celente, noting that people's refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.

Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as "The Panic of 2008," adding that "giants (would) tumble to their deaths," which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others. He also said that the dollar would eventually be devalued by as much as 90 per cent.

Che Guevara

Egypt and Tunisia Usher in the New Era of Global Food Revolutions

Image
© Reuters
As we sit glued to Al-Jazeera watching authority crumble in the cultural and political capital of the Arab world, exhilaration can turn quickly to foreboding.
Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow.

If you insist on joining the emerging market party at this stage of the agflation blow-off, avoid countries with an accelerating gap between rich and poor. Cairo's EGX stock index has dropped 20pc in nine trading sessions.

Events have moved briskly since a Tunisian fruit vendor with a handcart set fire to himself six weeks ago, and in doing so lit the fuse that has detonated Egypt and threatens to topple the political order of the Maghreb, Yemen, and beyond.

As we sit glued to Al-Jazeera watching authority crumble in the cultural and political capital of the Arab world, exhilaration can turn quickly to foreboding.

This is nothing like the fall of the Berlin Wall. The triumph of secular democracy was hardly in doubt in central Europe. Whatever the mix of aspirations of those on the streets of Cairo, such uprisings are easy prey for tight-knit organizations - known in the revolutionary lexicon as Leninist vanguard parties.

In Egypt this means the Muslim Brotherhood, whether or not Nobel laureate Mohammed El Baradei ever served as figleaf. The Brotherhood is of course a different kettle of fish from Iran's Ayatollahs; and Turkey shows that an 'Islamic leaning' government can be part of the liberal world - though Turkish premier Recep Tayyip Erdogan once let slip that democracy was a tram "you ride until you arrive at your destination, then you step off."

Eye 1

US: TSA Shuts Door on Private Airport Screening Program

TSA airport security
© Agence France-Presse / Getty Images
Travelers go through a security checkpoint at Reagan National Airport in Arlington, Virginia.
A program that allows airports to replace government screeners with private screeners is being brought to a standstill, just a month after the Transportation Security Administration said it was "neutral" on the program.

TSA chief John Pistole said Friday he has decided not to expand the program beyond the current 16 airports, saying he does not see any advantage to it.

Though little known, the Screening Partnership Program allowed airports to replace government screeners with private contractors who wear TSA-like uniforms, meet TSA standards and work under TSA oversight. Among the airports that have "opted out" of government screening are San Francisco and Kansas City.

The push to "opt out" gained attention in December amid the fury over the TSA's enhanced pat downs, which some travelers called intrusive.

Rep. John Mica, a Republican from Florida, wrote a letter encouraging airports to privatize their airport screeners, saying they would be more responsive to the public.

At that time, the TSA said it neither endorsed nor opposed private screening.

"If airports chose this route, we are going to work with them to do it," a TSA spokesman said in late December.

But on Friday, the TSA denied an application by Springfield-Branson Airport in Missouri to privatize its checkpoint workforce, and in a statement, Pistole indicated other applications likewise will be denied.

"I examined the contractor screening program and decided not to expand the program beyond the current 16 airports as I do not see any clear or substantial advantage to do so at this time," Pistole said.

He said airports that currently use contractor screening will continue to be allowed to.

Pistole said he has been reviewing TSA policies with the goal of helping the agency "evolve into a more agile, high-performance organization."

Told of the change Friday night, Mica said he intends to launch an investigation and review the matter.

John Pistole
© Reuters / Jonathan Ernst
Transportation Security Administration Administrator John Pistole delivers his testimony at a hearing of the Senate Commerce, Science and Transportation Committee on Capitol Hill in Washington, November 17, 2010.
"It's unimaginable that TSA would suspend the most successfully performing passenger screening program we've had over the last decade," Mica said Friday night. "The agency should concentrate on cutting some of the more than 3,700 administrative personnel in Washington who concocted this decision, and reduce the army of TSA employees that has ballooned to more than 62,000."

"Nearly every positive security innovation since the beginning of TSA has come from the contractor screening program," Mica said.

Bad Guys

The coming US Depression has an added dimension:

"...a huge underclass of very desperate people with their minds chemically blown beyond anybody's comprehension" which may fuel unprecedented unrest. Tom Dennen

Money talks and here is what it is saying: Here are the current account balances of 163 countries in the world compared with levels of street violence (Egypt is high on the positive side of the debt list unlike Spain, the UK and the others at the bottom, and is not likely rioting over austerities):

Notice the amazing entry at the bottom of this list (scroll down) taken from Gerald Celentes' Trends Journal, the full report, 2011.

The current acount balance records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Laptop

Iran Condemns Two to Death Over Porn Sites

Image
© Agence France-Presse
A judicial official prepares ropes before a public execution in Tehran in 2002. Iranian courts on Sunday sentenced two people to death for running porn sites.
Iranian courts on Sunday sentenced two people to death for running porn sites, prosecutor general Abbas Jafari Dolatabadi said, quoted on the Islamic republic's official IRNA news agency.

"Two administrators of porn sites have been sentenced to death in two different (court) branches and (the verdicts) have been sent to the supreme court for confirmation," Dolatabadi said, without naming the two convicts.

Last December, Canada expressed concern over the reported death sentence handed down to an Iranian-born Canadian resident for allegedly designing an adult website.

Saeed Malekpour, 35, was convicted of "designing and moderating adult content websites," "agitation against the regime" in Tehran, and "insulting the sanctity of Islam," according to an online campaign calling for his release.

Health

Tawdry Details of Obamacare: White House Quietly Exempts Pampered Politicos

Image
© Alexander Hunter / Washington Times
Illustration: Obamacare
If you would like to know what the White House really thinks of Obamacare, there's an easy way. Look past its press releases. Ignore its promises. Forget its talking points. Instead, simply witness for yourself the outrageous way the White House protects its best friends from Obamacare.

Last year, we learned that the Department of Health and Human Services (HHS) had granted 111 waivers to protect a lucky few from the onerous regulations of the new national health care overhaul. That number quickly and quietly climbed to 222, and last week we learned that the number of Obamacare privileged escapes has skyrocketed to 733.

Among the fortunate is a who's who list of unions, businesses and even several cities and four states (Massachusetts, New Jersey, Ohio and Tennessee) but none of the friends of Barack feature as prominently as the Service Employees International Union (SEIU).

How can you get your own free pass from Obamacare? Maybe you can just donate $27 million to President Obama's campaign efforts. That's what Andy Stern did as president of SEIU in 2008. He has been the most frequent guest at Mr. Obama's White House.

Backroom deals have become par for the course for proponents of Obamacare. Senators were greased with special favors, like Nebraska Democratic Sen. Ben Nelson and his Cornhusker Kickback and Louisiana Democrat Sen. Mary L. Landrieu and her Louisiana Purchase. Even the American Medical Association was brought in line under threat of losing its exclusive and lucrative medical coding contracts with the government.

Not only are the payoffs an affront to our democracy and an outright assault on our taxpayers, the timing itself of the latest release makes a mockery of this administration's transparency promises. More than 500 of the 733 waivers, we now know, were granted in December but kept conveniently under wraps until the day after the president's State of the Union address. HHS is no stranger to covering up bad news; in fact, this is becoming a disturbing pattern. Last year, Secretary Kathleen Sebelius hid from Congress until after the Obamacare vote a damning report from the Medicare and Medicaid Office of the Actuary showing Obamacare would cost $311 billion more than promised and would displace 14 million Americans from their current insurance.

MIB

'Mysterious death' of colonel in Russian spy service

Image
© Getty Images
The SVR deals with intelligence-gathering abroad
Russian security officials are investigating the death of a colonel in Russian foreign intelligence, who apparently fell from the window of his 14th floor flat, media reports say.

The body of Col Gennady Ambarnov, 46, was found by passers-by hours later.

The colonel had been arguing with his wife and son, media reports say.

The Foreign Intelligence Service (SVR) is one of the organisations that succeeded the Soviet KGB. It deals with intelligence gathering abroad.

The website Lifenews.ru said Col Ambarnov's 20-year-old son Andrey was suspected of being behind his death on the night of 29-30 January.

A blood-stained jacket was found in the flat, the website added.

Eye 1

America is Egypt

Image
Egypt is a lesson for America, teaching us to look at ourselves, at how free we really are. We are not so different, Egypt under Mubarak and America under what ever gang of financial criminals and foreign thugs is controlling the government today. Egyptians have known thousands of years of slavery. They recognize it when they see it. Slavery, for most Americans, is something new. Americans woke up one day and weren't so free anymore, maybe not at all. Some didn't see it coming. Others screamed a warning and were pounded into the ground for it.

Seeing what is going on in Egypt reminds me of how I thought America was going to be. The 60′s were confusing, for those of us who were around then and still have the brain cells left to reminisce. John Kennedy's America was going to save the world, not so much from Communism but from slavery and dictatorship. Africa had "de-colonialized" and the dictatorships, the banana republics, Franco, Tito, whoever that guy in Korea was, all those oppressive folks were going to be tossed aside and Americans would lead the way, Peace Corps if possible, Special Forces if it came down to it.

We were the guys with democracy to sell and Kennedy had the credibility to pull it off. Then "they" killed him and we got Johnson, the USS Liberty, deeper into Vietnam and, eventually another dead Kennedy, killed to put Nixon in office and end all that foolishness, hope and moral righteousness.

Newspaper

People Begin Living Without Electricity and Water in California

I couldn't find statistics for local utility shut offs in my area, but I knew we would start to see more and more of this.

Houses everywhere are going vacant. People don't say goodbye, they don't leave a number, they just disappear. With their disappearance we add another vacant house to the street. But families living in housing without utilities is a new sight for me to behold. I spoke recently with a rep from So Cal Edison who, full time contacts residence who have had their electricity turned off due to non payment. She has a negotiator sent in and they work on a reduced payment. It's amazing to me, that now, it is becoming acceptable in California to camp out in your home.

People are losing their homes, losing their cars and losing their dignity. How are we going to afford kids clothes and school supplies for the coming year? How can we expect families to pay for all these additional costs when the economy is in the shape it in. I ask myself this everyday.


Ambulance

Municipals Cut Police and Fire Departments Nationwide!

This is Commentary about Camden New Jersey cutting half of its police department, Flint, Michigan closing 2 fire houses and Detroit Schools. The video covers many economic realities faced by Americans.