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Dan J

Economic Black Hole: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going T... - 0 views

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    "Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy. Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be experiencing another time of economic growth and prosperity very shortly. But this time around that is not the case. The reality is that we are being sucked into an economic black hole from which the U.S. economy will never fully recover. The problem is debt. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here. And it is going to be painful. The following are 20 reasons why the U.S. economy is dying and is simply not going to recover.... #1) Do you remember that massive wave of subprime mortgages that defaulted in 2007 and 2008 and caused the biggest financial crisis since the Great Depression? Well, the "second wave" of mortgage defaults in on the way and there is simply no way that we are going to be able to avoid it. A huge mountain of mortgages is going to reset starting in 2010, and once those mortgage payments go up there are once again going to be millons of people who simply cannot pay their mortgages. The chart below reveals just how bad the second wave of adjustable rate mortgages is likely to be over the next several years...."
Dan J

The Russia Bear Is Back: Russia Is Now The Number One Oil Exporter In The World | The L... - 0 views

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    "If you asked most people on the street which nation produces the most oil most of them would say that the answer is Saudi Arabia of course. But they would be dead wrong. The truth is that Russia is the number one oil producer in the world. Not only that, but Russia is also the number one natural gas exporter in the world. So what does that mean? It means that Russia is the top energy superpower on the globe. Russia pumped more than 10 million barrels of oil per day during November, and now they have done something which will give them even more power over energy. Russia has just finished a new oil pipeline and port complex that enables them to export more oil than Saudi Arabia. On December 28th, Russian Prime Minister Vladimir Putin was on hand to celebrate the opening of Russia's first modern Pacific-based oil export facilities. The Pacific port of Kozmino is a project that Putin is extremely proud of, and it promises to literally change the world. So what makes this port so significant? The new Kozmino complex promises to be a gate through which Russia's vast East Siberian oilfields will supply oil for Asia's energy-hungry economies. Notice that the Middle East and the West are not part of that equation. According to Reuters, the first oil transport will load at Kozmino on January 15th. Hong Kong is scheduled to receive that first shipment. But this is just the latest sign that Russia has more than recovered from their past economic woes. In fact, the Russian Bear is back."
Dan J

Two Christians Critically Wounded at Wedding in Pakistan - 0 views

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    "Still in intensive care, they were shot for refusing order to convert to Islam. TOBA TEK SINGH, Pakistan, January 14 (CDN) - Two Pakistani Christians who were shot at a wedding on Dec. 26 for refusing to convert to Islam are still receiving treatment at a hospital intensive care unit, but doctors are hopeful that they will recover. In low, barely audible voices, Imran Masih, 21, and Khushi Masih, 24, told Compass that two Muslims armed with AK-47s in Punjab Province's Chak (village) 297-JB, in Toba Tek Singh district, shot them in their chests after they refused orders to recite the Islamic creed signifying conversion. Soon after they arrived at the wedding, a group of Muslim youths armed with AK-47 assault rifles surrounded them and began shooting into the air, as is customary at village weddings. They were not alarmed, they said, assuming the young Muslim men were simply celebrating joyfully. "One of the green-turban-wearing Muslims peremptorily told us to recite the Islamic holy Kalima [profession of faith] or face direct bullets and the lethal consequences," said Khushi Masih. Both Christians said that they joyfully refused, and instead they began reciting Psalm 91. "Our decision infuriated them," Imran Masih said, "and instead of shooting into the air, they shot us, leaving us only after being convinced that we were dead. Praise the name of Lord Jesus Christ, who raised us from the dead!" "
Dan J

Elite US troops ready to combat Pakistani nuclear hijacks - Times Online - 0 views

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    "The US army is training a crack unit to seal off and snatch back Pakistani nuclear weapons in the event that militants, possibly from inside the country's security apparatus, get their hands on a nuclear device or materials that could make one. The specialised unit would be charged with recovering the nuclear materials and securing them. The move follows growing anti-Americanism in Pakistan's military, a series of attacks on sensitive installations over the past two years, several of which housed nuclear facilities, and rising tension that has seen a series of official complaints by US authorities to Islamabad in the past fortnight. "What you have in Pakistan is nuclear weapons mixed with the highest density of extremists in the world, so we have a right to be concerned," said Rolf Mowatt-Larssen, a former CIA officer who used to run the US energy department's intelligence unit. "There have been attacks on army bases which stored nuclear weapons and there have been breaches and infiltrations by terrorists into military facilities." "
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