Who Died And Made BP King Of The Gulf Of Mexico?

There is one question that I would really like an answer to.  Who died and made BP king of the Gulf of Mexico?  In recent weeks, BP has almost seemed more interested in keeping the American people away from the oil spill than in actually cleaning it up.  Journalists are being pushed around and denied access, disaster workers are being intimidated and abused and now BP has even go so far as to hire an army of private mercenaries to enforce their will along the Gulf coast.  Are we suddenly living in occupied Iraq?  How in the world did a foreign oil company get the right to start pointing guns at the American people?  The last time I checked, BP did not own the Gulf of Mexico and did not have the right to tell the American people where they can and cannot go.  The truth is that BP could have avoided all of this by running an open, honest and transparent operation from the start.  They could have welcomed help from all sources, they could have tried to be open with the media, and they could have tried to be fair with the volunteers and rescue workers.  But instead BP has been conducting this whole thing as if we are living in a totalitarian dictatorship and they are the dictators.

Over the last several weeks, members of the mainstream media attempting to cover the oil spill in the Gulf of Mexico have been yelled at, harassed, kicked off public beaches and threatened with arrest.  The Obama administration keeps promising “to improve media access”, but so far their promises haven’t seemed to make much difference.  In fact, a recent AP report detailed several recent highly disturbing incidents of journalist intimidation….   

  • On June 5, sheriff’s deputies in Grand Isle threatened an AP photographer with arrest for criminal trespassing after he spoke to BP employees and took pictures of cleanup workers on a public beach.
  • On June 6, an AP reporter was in a boat near an island in Barataria Bay when a man in another boat identifying himself as a U.S. Fish and Wildlife employee ordered the reporter to leave the area. When the reporter asked to see identification, the man refused, saying “My name doesn’t matter, you need to go.”
  • According to a June 10 CNN video, one of the network’s news crews was told by a bird rescue worker that he signed a contract with BP stating that he would not talk to the media. The crew was also turned away by BP contractors working at a bird triage area — despite having permission from the U.S. Fish and Wildlife Service to enter the facility.
  • On June 11 and 12, private security guards patrolling in the Grand Isle area attempted repeatedly to prevent a crew from New Orleans television station WDSU from walking on a public beach and speaking with cleanup workers.
  • But it is not just the media that are being pushed around.  The Louisiana Environmental Action Network is reporting that BP is actually threatening to fire fishermen hired to help with the oil spill cleanup for using respirators and other safety equipment that wasn’t provided by the company.

    Seriously.

    The workers say that they are only using their own safety equipment because BP has not provided what they need.  It is a fact that a large number of rescue workers have already gotten sick enough to be admitted to the hospital, so it certainly makes sense that those working to clean up the oil would want to do whatever they can to stay safe.

    But no, BP has to be a bunch of jerks about the whole thing.

    Even the EPA says that workers need to be careful.  Hugh Kaufman, a senior policy analyst at the EPA’s office of solid waste and emergency response, made the following statement during an interview on Thursday….   

    “There’s no way you can be working in that toxic soup without getting exposures.”

    It’s not just the oil that is the problem.  The chemical dispersants that BP is using in the Gulf are even more toxic than the oil.  In fact, because it is so extremely toxic, the UK’s Marine Management Organization has completely banned Corexit 9500, so if there was a major oil spill in the North Sea, BP would not be able to use it

    But the Obama administration has allowed BP to dump over a million gallons of Corexit 9500, Corexit 9527 and other highly toxic dispersants into the Gulf of Mexico.

    Apparently the truth is that BP would rather disperse the oil so that the spill doesn’t look so bad even if it means creating an ecological disaster of nightmarish proportions.

    You see, these days BP does what it wants, and anyone who doesn’t like it gets pushed out of the way. 

    Monique Harden, the co-director and attorney at the New Orleans-based Advocates for Environmental Human Rights, is so outraged over BP’s behavior that she recently made the following statement….

    “BP should not be running the Gulf region like a prison warden, and we’ve got to stop that.”

    But rather than becoming more open and taking responsibility for their actions, BP has now hired private security contractors to keep the American people away from the oil cleanup sites.

    In other words, BP has brought in a horde of private mercenaries (just like the U.S. uses in Iraq and Afghanistan) to muscle the American people around.

    Yeah, we are really going to appreciate that.

    Doesn’t BP understand that the American people do not respond well to this kind of nonsense?

    In fact, it is being alleged that BP has actually attempted to manipulate the search results on sites like Google and Yahoo.

    They seem absolutely obsessed with controlling what we see and think.

    Perhaps what BP should be obsessed with is stopping the oil from shooting out of the ground.

    Meanwhile, BP execs are busy testifying in front of Congress and making half-hearted apologies. 

    Carl-Henric Svanberg, the BP chairman, has even apologized for referring to those affected by the Gulf of Mexico oil spill as “small people”.

    Isn’t that nice of him?

    While all of this is going on, BP is already trying to ensure that things go their way legally.  Back in May, BP requested that one particular judge be assigned to preside over all lawsuits related to the spill.  Well, it turns out that this particular judge gets tens of thousands of dollars a year in oil royalties and is paid travel expenses to attend oil industry conferences.

    Isn’t that convenient?

    But that is how the game is played these days.

    Meanwhile, the “oil volcano” on the bottom of the Gulf of Mexico continues to pump out a nightmarish amount of oil every single day.  BP is even admitting that oil is escaping from the leak at such high pressure that if they try to cap it the entire well may blow.

    So this crisis may keep getting worse for months.

    By the time this is over, will anything in the Gulf be left alive?

    Even now, hordes of dolphins, fish, sharks, crabs, rays and other sea creatures find themselves trapped between the rapidly advancing oil and the shore.  Unprecedented numbers are showing up just off the Gulf coast in an attempt to escape certain death, but once the oil reaches shore there will be nowhere else for them to go.  The tragedy will be unspeakable.

    Things did not have to turn out this way.  BP and the Obama administration could have done things much differently.  But they didn’t. 

    Now we all have to live with the results.

    Bad Economic News

    It seems like almost everywhere you turn these days there is bad economic news.  Foreclosures are setting records, unemployment remains depressingly high, poverty is exploding, U.S. government debt is wildly out of control and Europe is on the verge of an economic collapse that could send the entire globe into a devastating financial panic.  If all that wasn’t enough, the oil spill in the Gulf of Mexico has destroyed the seafood and tourism industries along the Gulf coast and threatens to push that entire region into a depression for years to come.  The truth is that the more you look at the economic statistics coming in from around the globe the more it becomes obvious that we are headed for a complete and total economic nightmare. 

    Just consider some of the most recent economic news…. 

    *The number of U.S. home foreclosures set a record for the second consecutive month in May.  How can the U.S. housing industry be recovering when the number of Americans being foreclosed on continues to set all-time records?

    *As of March, U.S. banks had an inventory of approximately 1.1 million foreclosed homes, up 20 percent from a year ago.  Instead of working their way through the huge backlog of unsold homes, U.S. banks continue to pile up a massive inventory of foreclosed homes at a staggering pace.

    *According to figures from the U.S. Commerce Department, housing starts in the United States fell 10 percent in May, the biggest decline since March 2009.  The data also revealed that single-family home starts suffered the biggest drop since 1991.  There is already a massive glut of unsold homes on the market, so builders simply do not think it is profitable to build many new homes right now.

    *Officials now tell us that the cost of “fixing” Fannie Mae and Freddie Mac, the government-backed mortgage companies that last year bought or guaranteed the vast majority of all U.S. home loans, will be at least $160 billion and could grow as high as $1 trillion.  The twin pillars of the U.S. mortgage industry have become financial black holes that the U.S. government endlessly pours massive amounts of cash into.  That is not a good sign.

    *Fannie Mae and Freddie Mac are to be delisted from the New York Stock Exchange because their stock prices have been trading under $1 per share for more than 30 trading days.  The truth is that Fannie Mae and Freddie Mac would have completely imploded by now if the U.S. government had not decided to step in and bail them out.

    *The average duration of unemployment in the United States has risen to an all-time high.  Not only are a ton of Americans out of work, they can’t find work for a very, very long time once they are unemployed.

    *For Americans younger than 25 years of age, the unemployment rate is 18.8%.  But even those young Americans that can find employment often find themselves working in very low paying service jobs.

    *Federal Reserve Chairman Ben Bernanke says that the U.S. unemployment rate is likely to stay “high for a while”.  Considering how badly Bernanke has been doing his job, it would be really nice if we could add just one more person to the unemployment rolls.

    *According to one new study, approximately 21 percent of children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.  There are hundreds of thousands of American children on the streets each night, and yet we continue to insist that we are the greatest country in the world. 

    *For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.  How many tens of millions of Americans have to be on food stamps before we officially say that we are in a depression?

    *According to the Wall Street Journal, the debates have begun inside the Fed about what it should do in the event of a “double dip” recession.  If they are already debating what to do during the next economic downturn that means it is probably a foregone conclusion. 

    *If you were alive when Christ was born and spent one million dollars every single day from then until now, you still would not have spent one trillion dollars by now.  But somehow the U.S. government is now over 13 trillion dollars in debt.  According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015

    *It is being projected that the U.S. national debt will grow to surpass our gross domestic product in 2012.  Needless to say, that is a really, really bad sign.

    *The total of all government, corporate and consumer debt in the United States is now equal to 360 percent of GDP.  At no point during the Great Depression did we ever even come close to such a figure.

    But things may be even worse in Europe right now.  Unfortunately for the U.S., when Europe experiences an economic collapse it will devastate the American economy as well. 

    The economic news coming out of Europe lately has been extremely alarming….

    *George Soros says that a European recession next year is “almost inevitable”.  Considering how much access George Soros has to inside information, the fact that he is so pessimistic about Europe is a very troubling thing indeed.

    *A report by the Bank for International Settlements says that the debt crisis hitting southern Europe resembles the 2007 subprime mortgage crisis.  Is history about to repeat itself?

    *Moody’s has downgraded Greece government bond ratings into junk territory, citing the risks inherent in the rescue package that the rest of the eurozone has put together for them.  Soon Spain, Portugal, Italy, Ireland, Romania and a number of other European nations could have their debt downgraded as well. 

    *The U.K.’s  new Office for Budget Responsibility has announced that the U.K. economy was more damaged by the recent financial crisis than previously admitted, and that it may never fully recover.  But the same could be said for many other nations across the world as well.

    *21.5% of all working-age people in the U.K. do not have a job.  It seems like almost every country has a shortage of jobs these days.

    *New U.K. Prime Minister David Cameron is warning that Britain’s “whole way of life” is about to be significantly disrupted for years by the most drastic public spending cuts in a generation.  In fact, severe austerity measures being implemented all across Europe could make this one of the most “interesting” European summers in ages.

    *Spanish banks are borrowing record amounts of money from the European Central Bank as Spain’s financial institutions are finding it increasingly difficult to acquire funds in international capital markets.  But the truth is that it isn’t just Spanish banks that are facing a liquidity squeeze – the entire world is heading for a massive credit crunch.

    But the biggest piece of bad economic news of all is the nightmare that is unfolding in the Gulf of Mexico.  There is no way that the southeast United States is going to be the same after this.  Hordes of businesses and entire industries have been literally destroyed over the past two months.  The total economic damage from this unprecedented disaster will easily run into the hundreds of billions of dollars.  This is an economic blow that the teetering U.S. economy simply could not afford right now.  Once the oil finally stops flowing the crisis will not be over.  In fact, the aftermath from this oil spill could end up echoing for decades.

    So are things bad out there?  Yes, things are incredibly bad and they are about to get a whole lot worse.  In fact, there are so many cancers eating away at the U.S. economy that it would take an entire book to detail them all. 

    What we are dealing with is not “just another recession” or “just another economic downturn”.  What we are witnessing is the fundamental unraveling of the monstrous debt spiral that our economy is based upon.  Any economy that is built on a foundation of debt and paper money is inevitably doomed.

    So yes, the bad economic news is going to continue.  Things may get better for a while here and there, but the truth is that we are caught in a long-term spiral of economic decline from which there is no escape.

    So what do you think?  Do you believe that there is hope for the U.S. economy?  Feel free to leave a comment with your opinion….

    16 Burning Questions About The Gulf Of Mexico Oil Spill That We Deserve Some Answers To

    The Gulf of Mexico oil spill is a national nightmare that seems to have no ending.  Every day new details come out that are even more shocking than what we learned the day before.  The truth is that life will never be the same in the Gulf of Mexico or for those who live along the Gulf coast.  Now Barack Obama has made a big Oval Office speech and has tried to convince all of us that he is in charge of the crisis.  Well, perhaps if he had tried to take decisive action a month ago the American people may have rallied around him.  But right now the BP/government response to this disaster remains completely and totally chaotic.  Nobody seems to be able to stop the leak, and BP has made the environmental nightmare far worse by dumping over a million gallons of highly toxic dispersants into the Gulf.  U.S. government officials are running around holding press conferences and waiting for BP to do something.  Meanwhile oil is pouring ashore and toxic gases are being detected at very alarming levels.  The biggest environmental disaster in U.S. history is also quickly becoming one of the biggest economic disasters and potentially one of the biggest public health disasters.   

    The truth is that the American people deserve some answers about what in the world is going on down there in the Gulf.  BP does not own the Gulf of Mexico and they have no right to keep the American people from seeing what is happening.  There are some very serious health and environmental questions that have been raised in the media recently, but both BP and the U.S. government are not giving us any answers. 

    But we need some answers.  People are getting sick.  Crops are dying.  Wildlife is being devastated.  Birds are flocking north by the thousands.

    But BP and the U.S. government continue to treat us as though we are on a “need to know” basis and that what we “need to know” is not much.

    Actually, much of what they have decided to tell us throughout this crisis has turned out to be lies anyway.

    The truth is that it is about darn time that someone started telling it to us straight.  

    The following are 16 questions about the Gulf of Mexico oil spill that we really need some answers to….

    #1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors.  So what are all of these National Guard troops going to be doing exactly?  Are the troops going to be used to stop the oil or to control the public?

    #2) Barack Obama has also announced the creation of a “Gulf recovery czar” who will be in charge of overseeing the restoration of the Gulf of Mexico region following the oil spill.  So is appointing a “czar” Obama’s idea of taking charge of a situation?

    #3) Because it is so incredibly toxic, the UK’s Marine Management Organization has completely banned Corexit 9500, so if there was a major oil spill in the UK’s North Sea, BP would not be able to use it.  So why is BP being allowed to use Corexit 9500 in the Gulf of Mexico?

    #4) It is being reported that 2.61 parts per million of Corexit 9500 (mixed with oil at a ratio of 1:1o) is lethal to 50% of fish exposed to it within 96 hours.  That means that 1 gallon of Corexit 9500/oil mixture is capable of rendering 383,141 gallons of water highly toxic to fish.  So why was BP allowed to dump 1,021,000 gallons of Corexit 9500 and Corexit 9527 into the Gulf of Mexico, and why aren’t they being stopped from dumping another 805,000 gallons of these dispersants that they have on order into the Gulf?

    #5) If these dispersants are so incredibly toxic to fish, what are they going to do to crops?  What are they going to do to people?

    #6) If the smell of the oil on some Gulf beaches is already so strong that it burns your nostrils, then what in the world is this oil doing to to wildlife that encounter it?

    #7) Is it a bad sign that birds from the Gulf region are flocking north by the thousands?

    #8) Why is BP being allowed to use private security contractors to keep the American people away from the oil cleanup sites?

    #9) Why is BP openly attempting to manipulate the search results on sites like Google and Yahoo? 

    #10) Why has the FAA shut down the airspace above the Gulf of Mexico oil spill?  What don’t they want the American people to see?

    #11) Senator Bill Nelson of Florida says that there are reports that there are additional ruptures in the sea floor from which oil is leaking.  If there are quite a few of these additional ruptures, then how in the world does BP expect to completely stop this oil leak?

    #12) Why are scientists finding concentrations of methane at up to 10,000 times normal background levels in Gulf waters?

    #13) At some testing stations in the Gulf of Mexico, levels of benzene have been detected at over 3000 parts per billion, and levels of hydrogen sulfide have been detected as high as 1192 parts per billion.  Considering that these levels would be highly toxic to humans, why hasn’t the general public been warned?   

    #14) Why are so many Gulf oil spill disaster workers showing up at local hospitals complaining of a “mysterious illness”?

    #15) If “70% or 80%” of the protective booms are doing absolutely nothing at all to stop the oil, then what is going to stop the millions of gallons of oil in the Gulf from eventually reaching shore?

    #16) It is being reported that the deepsea oil plumes are creating huge “dead zones” where all creatures are dying as they are deprived of oxygen.  If this oil spill continues to grow could the vast majority of the Gulf of Mexico become one gigantic “dead zone”?

    ***UPDATE***

    A reader named Stacy has posted a very alarming comment regarding what is happening in her area down in Florida that we wanted to share with everyone….

    We live in the navarre, florida area and in the past week almost every family we know has had vomiting and diarreha. This could just be anecdotal – maybe we just have a stomach bug circulating, but it is strange. We had a huge storm the week before it happened that blew in from the gulf so who knows.

    Also, the city of destin, florida has taken it upon themselves to close the destin pass with their own purchased boom and barges. This is an elite destination and they are not waiting around for bp and their hired prison workers to clean the beaches. Apparently, the coast guard was at the meeting and told the locals that they will face criminal prosecution, but they don’t care. They are protecting their million dollar properties.

    9 Reasons Why Spain Is A Dead Economy Walking

    Barring an economic bailout of mammoth proportions, the economy of Spain is completely and totally doomed.  The socialist government of Spain is drowning in debt, unemployment is running rampant and everywhere you turn there are major economic problems.  So will Spain be the next Greece?  No.  When the economy of Spain implodes it is going to be a whole lot worse for the world economy.  The economy of Spain is more than four times the size of the economy of Greece.  Spain accounts for 11.5 percent of eurozone GDP while Greece only accounts for approximately 2.5 percent.  Spain is the 4th largest economy in the 16 nation eurozone and it is the 10th largest economy in the world.  If the economy of Spain fails it will cause a shockwave that will be felt in every corner of the globe.  In fact, there are quite a few analysts that believe if Spain defaults it would ultimately lead to the breakup of the eurozone.

    So will the EU step up and bail out Spain?  Well, there are rumors that EU officials have begun work on a bailout package for Spain which is likely to run into the hundreds of billions of dollars, but on Monday the European Commission, the Spanish government and the German government all denied that the European Union was preparing a bailout for the Spanish economy.

    Of course we all know that politicians don’t always tell us the truth.

    So who knows what is going on over there right now.

    But the reality is that the economy of Spain is not going to make it much longer without serious help, and some EU officials are already using apocalyptic language to describe what an economic collapse in Spain would mean.

    For example, EU Commission President Jose Manuel Barroso recently warned that democracy could completely collapse in Greece, Spain and Portugal unless urgent action is taken to tackle the burgeoning European debt crisis.

    So could democracy actually fail in those nations?

    Well, considering the fact that Greece, Spain and Portugal only became democracies in the 1970s, and that all three of those countries have a history of military coups, such a scenario is not that far-fetched.

    Without a doubt there would be serious public unrest in those nations if public services collapsed because their governments ran out of money.

    So are there signs that the economy of Spain is about to collapse?

    Well, yes, there are quite a few of them.

    The following are 9 reasons why Spain is a dead economy walking….

    #1) Even before this most recent crisis, unemployment in Spain was approaching Great Depression levels.  Spain now has the highest unemployment rate in the entire European Union. More than 20 percent of working age Spaniards were unemployed during the first quarter of 2010.  If people aren’t working they can’t pay taxes and they can’t provide for their families.

    #2) In an effort to stimulate the economy, Spain’s socialist government has been spending unprecedented amounts of money and that skyrocketed the government budget deficit to a stunning 11.4 percent of GDP in 2009.  That is completely unsustainable by any definition.

    #3) The total of all public and private debt in Spain has now reached 270 percent of GDP.

    #4) The Spanish government has accumulated way more debt than it can possibly handle, and this has forced two international ratings agencies, Fitch and Standard & Poor’s, to lower Spain’s long-term sovereign credit rating.  These downgrades are making it much more expensive for Spain to finance its debt at a time when they simply can’t afford to pay more interest on their debt.

    #5) There are 1.6 million unsold properties in Spain.  That is six times the level per capita in the United States.  Considering how bad the U.S. real estate market is, that statistic is incredibly alarming.

    #6) The new “green economy” in Spain has been a total flop.  Socialist leaders promised that implementing hardcore restrictions on carbon emissions and forcing the nation over to a “green economy” would result in a flood of “green jobs”.  But that simply did not happen.  In fact, a leaked internal assessment produced by the government of Spain reveals that the “green economy” has been an absolute economic nightmare for that nation.  Energy prices have skyrocketed in Spain and the new “green economy” in that nation has actually lost more than two jobs for every job that it has created.  But Spain so far seems unwilling to undo all of the crazy regulations that they have implemented.

    #7) Spain’s national debt is so onerous that they are now caught in a debt spiral where anything they do will harm the economy.  If they cut government expenditures in an effort to get debt under control it will devastate economic growth and crush badly needed tax revenues.  But if the Spanish government keeps borrowing money their credit rating will continue to decline and they will almost certainly default.  The truth is that the Spanish government is caught in a “no win” situation.

    #8) But even now the IMF is projecting that the Spanish economy is going nowhere fast.  The International Monetary Fund says there will be no positive GDP growth in Spain until 2011, at which point it will still be below one percent.  As bleak as that forecast is, many analysts believe that it is way too optimistic considering the fact that Spain’s economy declined by about 3.6 percent in 2009 and things are rapidly getting worse.

    #9) The Spanish population has gotten used to socialist handouts and they are not going to accept public sector pay cuts, budget cuts to social programs and hefty tax increases easily.  In fact, there is likely to be some very serious social unrest before all of this is said and done.  On May 21st, thousands of public sector workers took to the streets of Spain to protest the government’s austerity plan.  But that was only an appetizer.  Spain’s two main unions are calling for a major one day general strike to protest the government’s planned reforms of the country’s labor market.  The truth is that financial shock therapy does not go down very well in highly socialized nations such as Greece and Spain.  In fact, the austerity measures that Spain has been pressured to implement by the IMF have proven so unpopular that many are now projecting that Spain’s socialist government will be forced to call early elections.

    So what is going to happen in Spain?

    The truth is that nobody can predict for sure how things are going to play out over the coming weeks and months.

    But what everyone can agree on is that the stakes are incredibly high.

    Speaking at the World Economic Forum in Davos, Switzerland, world famous economist Nouriel Roubini put it this way: “If Greece goes under, that’s a problem for the eurozone. If Spain goes under, it’s a disaster.”

    But right now the entire population of Spain (along with much of the rest of the world) is completely distracted by the World Cup.  As long as the Spanish team does well, that is likely to keep the Spanish population sedated.  But if the Spanish team gets knocked out of the tournament early that will put the entire Spanish population in a really, really bad mood and that could mean a really chaotic summer for the nation of Spain.

    Obama To Use BP Oil Spill As An Opportunity To Push His Economy Killing Climate Change Bill

    Never one to to allow a “good crisis” to go to waste, Barack Obama is pledging to use the BP oil spill in the Gulf of Mexico as an opportunity to push the U.S. Congress to pass his controversial climate bill.  In fact, during a recent interview Obama directly compared the current crisis in the Gulf to 9/11, and indicated that he believed that it would fundamentally change the way that we all look at energy issues from now on.  But the truth is that Obama’s climate bill is the same economy killing legislation that it was before the BP oil spill.  It would still drive gas and electricity prices through the roof, it would still cause large numbers of U.S. businesses to flee overseas, it would still be one of the biggest tax increases in U.S. history and it would still usher in an unprecedented era of climate fascism.  But now thanks to the BP oil spill there is suddenly a lot more momentum in Congress for doing something about energy and about “climate change”.

    Of course the truth is that carbon dioxide is not causing climate change and high levels of carbon dioxide are actually very good for the environment, but reducing carbon emissions has almost become a religion for radical environmentalists, and Barack Obama is absolutely determined to push through his “cap and trade” carbon trading scheme.  In fact, just as 9/11 completely changed the war that Americans viewed the fight against terrorism, Barack Obama sees the oil spill in the Gulf of Mexico fundamentally changing the way that Americans see energy issues.  During a recent interview, Obama told Politico columnist Roger Simon the following….

    “In the same way that our view of our vulnerabilities and our foreign policy was shaped profoundly by 9/11, I think this disaster is going to shape how we think about the environment and energy for many years to come.”

    Not only that, but Obama considers it one of his greatest “leadership challenges” to make sure that we all “draw the right lessons” from the BP oil spill…. 

    “One of the biggest leadership challenges for me going forward is going to be to make sure that we draw the right lessons from this disaster.”

    So what are those “right lessons”?

    Well, apparently what we are all supposed to get out of this disaster are the lessons that Obama has been trying to “teach” us all along – that carbon taxes and cap and trade schemes are good for us.

    But Barack Obama is not the only one urging us to learn the “right lessons” from the BP oil spill.

    In a recent interview with ABC News, Microsoft’s Bill Gates also linked the oil spill in the Gulf of Mexico with “climate change”.  Gates warned that if we don’t make the necessary changes soon that we will suffer severe consequences….

    “We’ll have more crises like the oil spill and we’ll have the supply disruption. We’ll start to see more and more effects of the climate problem.”

    But would the climate bill that Obama is pushing really save us from “climate change”?

    Of course not.

    But Barack Obama’s climate change bill would do the following things….

    *It would drive gas and electricity prices through the roof.

    *It would crush the already fragile U.S. economy by piling a bunch of new taxes and regulations on U.S. businesses.  Needless to say, large numbers of them would begin looking for greener pastures.

    *It would increase worldwide pollution by forcing companies out of the U.S. and into nations that have no restrictions on pollution whatsoever.

    *When you add up all of the overt and hidden taxes in the bill, it would represent one of the biggest tax increases in U.S. history.

    *Since every action we take involves the production of carbon emissions (including every breath that we take), it would open the door for an era of tyrannical climate fascism where the U.S. government literally monitors every aspect of our lives to make sure that we are being “eco-friendly”.

    But Barack Obama makes this climate bill sound like it is the greatest thing since sliced bread.  In fact, he continues to promise that the number of “green jobs” gained by this bill will far outweigh the number of other jobs lost.

    But is this true?

    Of course not.

    In fact, other countries that have tried a “cap and trade” scheme have experienced disastrous results.  For example, a leaked internal assessment produced by the government of Spain reveals that the “green economy” there has been an absolute economic nightmare for that nation.  Energy prices have skyrocketed in Spain and the new “green economy” in that nation has actually lost more than two jobs for every job that it has created.

    The unemployment rate in Spain is now hovering around 20 percent and the economy there is on the verge of complete and total collapse.  In fact, if the government of Spain does end up defaulting on their debts, it could make the financial crisis that has been unfolding in Greece look like a Sunday picnic.

    It should be obvious to anyone with a brain that a climate bill like the one Spain implemented will devastate the U.S. economy.  But facts haven’t gotten in the way of Barack Obama pushing his agenda before, so why should they now?

    However, it is not just Barack Obama that is pushing an agenda of trying to radically reduce carbon emissions.  All over the world, many of the global elite have joined forces with the radical environmentalists in an effort to “save the world” from the growing “threat” of carbon dioxide.

    And since each person on this planet is a source of constant carbon emissions,  many of those who truly believe in this radical environmental agenda consider the rapidly growing population of the earth to be the number one cause of climate change.

    You see, to those obsessed with “climate change”, just getting corporations around the globe to radically cut carbon emissions is not nearly going to be good enough.  The truth is that they know that in order to get carbon emissions down to where they want them to be, they are going to have to do something about the growing world population.

    To them, in the “war against climate change” anyone who breathes is the enemy.  In fact, according to an official UN report, no human can ever truly be “carbon neutral”.

    So please understand that for those obsessed with climate change, “carbon taxes” and “cap and trade” are just the beginning.  To truly achieve their goals, “one child policies” and “forced abortions” will also be necessary.

    So if Barack Obama does get his climate bill pushed through Congress and it does kill the U.S. economy, that would only be a “first step” for those truly dedicated to the radical environmental agenda.  What they have planned down the road is a whole lot more horrific.

    The Prepper's Cookbook

    The Dominant Force In World Financial Markets In 2010 Is Fear

    Extreme volatility is not a sign of health for financial markets.  But in 2010 financial markets around the globe are experiencing unprecented volatility.  Why?  It is because the entire world financial system has been gripped by fear.  In today’s crazed environment, it seems like just about anything can set off a major panic.  In fact, these days politicians have to be extremely careful about what they say about their national finances, because saying the wrong thing can literally send world markets into violent convulsions.  For instance, when a senior Hungarian official said that the Hungarian economy was in a “very grave situation” last week it sent world financial markets into a tailspin.  Panic was everywhere and everyone was talking about how Hungary could be the “next Greece”.  Of course on Monday Hungarian officials backed away from that comment and tried to reassure world markets that everything was fine, but the damage had been done.

    It was a perfect example of the spirit of irrational fear that has gripped the financial world.

    After all, even if Hungary did fall apart financially, it wouldn’t plunge the rest of the world into a depression.

    And the truth is that Hungary is not really in that bad shape financially.  Hungary’s budget deficit is about half the size of the Greek budget deficit and Hungary doesn’t even use the euro.

    But now investors all over the world are constantly scanning the news for the latest piece of information that will send waves of panic through the markets.

    In the current environment, fear is what moves the markets.

    The reality is that fear is the reason why the euro is plunging at breathtaking speed.

    Are many of the economies in Europe truly in really bad shape?

    Of course.

    However, it could be argued that the economies of the U.S. and Japan are in even worse shape in many ways.  Japan’s gross public debt has reached 201 percent of GDP and the United States has piled up the biggest mountain of debt in the history of the world.

    But because of the extreme fear that has been generated, people are moving out of the euro and into dollars and yen.

    In fact, the euro is probably headed even lower.

    GFT Forex’s Boris Schlossberg believes that the euro could fall down to the 1.16/1.17 range before this current panic is over….

    “I think we run the risk of seeing 1.16/1.17 before the next selling phase dies down. The euro is just absolutely hated here. The European rescue package still faces some regional opposition. There were rumors the German high court could rule it was unconstitutional. They don’t have a federal mechanism to put it in place, and there’s worries that at any point in time, the rescue package could be sabotaged.”

    But all of this fear and panic is actually good for investors in gold and silver.

    Why?

    Because during times of fear and panic investors look to move their money into something that is secure, and gold and silver have been secure investments for thousands of years.

    So in this environment of fear, gold is absolutely soaring.  On Monday, the price of gold climbed 1.9 percent to $1239.30 per ounce.  That was the largest one day rise in the price of gold since February 16th.

    So how high will gold go?

    Well, the truth is that nobody knows.

    But if fear and panic continue to grip world financial markets in the months ahead, there is really no telling how high it could go.

    In fact, even many mainstream financial analysts are becoming extremely bullish on gold.

    As Dan Burrows of Daily Finance recently commented, “you don’t have to be a member of the build-a-bunker-in-Montana crowd to believe gold could hit $2,500 in the next couple of years.”

    But these days no investment is truly safe.  One really bad rumor these days can send any stock, any currency or any commodity into a tailspin.

    Fear is everywhere.  Governments and central banks are intervening in the markets in unprecedented ways, but it is still not enough to keep the markets from flopping around like a dying fish.

    So for those who are waiting for the financial markets to get back to “normal”, you are likely to be waiting for quite a long time.  The world economic situation is not going to be getting any better in the long-term.  So if financial markets are flipping out this much even now, just wait and see what happens when things really start falling apart.

    Europe’s Coming Summer Of Discontent

    The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union.  The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades.  The truth is that governments across the eurozone have accumulated gigantic piles of debt that simply are not sustainable.  Prior to the implementation of the euro, these European governments often “printed” their way out of messes like this, but now they can’t do that.  Now they either have to dramatically cut government expenses or they have to default.  But the austerity measures that the IMF and the ECB are pressuring these European governments to adopt are likely to have some very painful side effects.  Not only will these austerity measures cause a significant slowdown in economic growth, they are also likely to cause the same kinds of protests, strikes and riots that we saw in Greece to erupt all over Europe.

    You see, most Europeans have become very accustomed to the social welfare state.  Tens of millions of Europeans aren’t about to let anyone cut their welfare payments or the wages on their cushy government jobs.  In most of the European nations that are experiencing big financial problems there are very powerful unions and labor organizations that do not want anything to do with austerity measures and that are already mobilizing.

    As the IMF and the ECB continue to push austerity measures all over Europe this summer, the chaos that we witnessed in Greece could end up being repeated over and over again across the continent.  This could truly be Europe’s summer of discontent.

    The following are just a few of the countries that we should be watching very carefully in the months ahead….

    Spain

    In many ways, the economic situation in Spain is now even worse than the economic situation in Greece.  Spain’s unemployment was already above 20 percent even before this recent crisis.  There are now 4.6 million people without jobs in Spain.  There are 1.6 million unsold properties in Spain, six times the level per capita in the United States.  Total public/private debt in Spain has reached 270 percent of GDP.

    But this past week things really started to spin out of control in Spain.   Ambrose Evans-Pritchard of The Telegraph describes the current situation in Spain this way….

    For Spain it has been a horrible week. The central bank seized CajaSur and imposed draconian write-down rules on banks to restore confidence. The Spanish Socialist and Workers Party (PSOE) of Jose Luis Zapatero then rammed a 5pc cut in public wages through the Cortes by a single vote, shattering consensus. The government cannot hope to pass a budget. Its own trade union base is planning a general strike.

    The austerity measures that Spain has been pressured to implement have proven so unpopular in Spain that many are now projecting that Spain’s socialist government will be forced to call early elections.

    Spain finds itself in a very difficult position.  They have a debt that they cannot possibly handle, the IMF and the ECB are pressuring Spain to implement austerity measures which are wildly unpopular with the public, and if Spain does implement those austerity measures it may send the Spanish economy into a downward spiral.

    In addition, the fact that Fitch Ratings has stripped Spain of its AAA status has pushed Spain to the edge of financial oblivion.

    A recent editorial inEl Pais spoke of the “perverse spiral” that Spain’s economy is entering….

    “The Fitch note drives home the apparently unsolvable contradiction in which the Spanish economy finds itself. To maintain debt solvency Spain must squeeze public spending: yet this policy undermines the chances of recovery which itself causes further loss of confidence.”

    And Spain’s very powerful labor organizations are not about to take these austerity measures sitting down.  In fact, the two largest trade unions in Spain are already calling for a general strike.

    So could Spain end up being the next Greece?

    France

    France admitted on Sunday that keeping its top-notch credit rating would be “a stretch” without some tough budget decisions.

    But French citizens are not too keen on belt-tightening.  We all remember the massive riots in France a few years ago when it was proposed the the work week should be shortened.  It certainly seems unlikely that the French will accept “tough budget decisions” without making some serious noise.

    Italy

    The Italian government recently approved austerity measures worth 24 billion euros for the years 2011-2012.  But the Italian public is less than thrilled about it.

    In fact, Italy’s largest union has announced that it will propose to its members a general strike at the end of June to protest these measures.

    Portugal

    Under pressure from the IMF and the ECB, Portugal has agreed to impose fresh austerity measures that include much higher taxes and very deep budget cuts.

    And the truth is that Portugal desperately needs to do something to get their finances under control.  Recent EU data shows that Portugal’s total debt is 331 percent of GDP, compared to only 224 percent for Greece.

    So will the Portuguese public accept these austerity measures?

    It doesn’t seem likely.

    In fact, Fernando Texeira dos Santos, Portugal’s finance minister, says that he expects “violent episodes” comparable to those in Greece but insists that there is no other option.

    So it promises to be a wild summer in Portugal.  The CGTP trade union federation in Portugal has promised to mobilize their members….

    “Either we come up with a very strong reaction or we will be reduced to bread and water.”

    Romania

    They have already been rioting in the streets in Romania.

    Tens of thousands of workers and pensioners recently took to the streets in Romania to protest the harsh austerity measures that the Romanian government is imposing at the request of the International Monetary Fund.

    The Romanian people have been through incredibly hard times before, and they aren’t about to let the IMF and the ECB impose strict austerity measures on them without a fight.

    Germany

    It is being reported that Germans are bracing themselves for a “bitter” round of government budget cuts.  It seems that even Germany has some belt-tightening to do.

    In addition, resentment is rising fast in Germany as the population there realizes that it is Germany that is going to be the one funding a large portion of the bailouts for these other European nations.

    How long will the German people be able to control their tempers?

    Ireland

    The Wall Street Journal is warning that Ireland could be Europe’s next financial basket case.

    Why?

    Well, the Irish have gotten into a ton of debt, and they are now finding it very expensive to finance new debt.  The Irish government is now paying approximately 2.2 percentage points more than Germany is to borrow money for 10 years, while Spain (even with their economy in such a state of disaster) only has to pay 1.6 percentage points more than Germany.

    But if “austerity measures” come to Ireland, how do you think the public will react?

    It likely would not be pretty.

    The United Kingdom

    The exploding debt situation in the U.K. was a major issue in the most recent election.  David Cameron promised the voters to get the U.K.’s exploding debt situation under control.  But the coming budget cuts are likely to be incredibly painful.  In fact, Bank of England governor Mervyn King has even gone so far as to warn that public anger over the coming austerity measures will be so painful that whichever party is seen as responsible will be out of power for a generation.

    But it isn’t just national governments that are in trouble in Europe.  The European Central Bank is warning that eurozone banks could face up to 195 billion euros in losses during a “second wave” of economic problems over the next 18 months.

    The truth is that almost everyone is expecting the next couple of years to be very tough economically all across Europe.

    But the vast majority of the European public is not going to understand the economics behind what is happening.  All most of them are going to know is that the budget reductions, tax increases and pay cuts really, really hurt and that is likely to result in a whole lot of anger.

    When Europeans get really angry it isn’t pretty.  If what happened in Greece is any indication, this upcoming summer and fall could be a really wild one throughout Europe.

    “Euroland, burned down. A continent on the way to bankruptcy”
    -The front page of Der Spiegel, May 5th, 2010

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