The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins
Lear Capital: The Best Source for Buying Gold & Precious Metal Investing

Recent Posts

The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Enter your email to subscribe to The Economic Collapse Blog:

Delivered by FeedBurner

What Do You Believe Is America’s Biggest Economic Problem?

Today there are literally dozens of major threats to the U.S. economy.  Each one of these threats alone could cause a major economic implosion.  The Gulf of Mexico oil spill, the derivatives bubble, the housing crisis, the exploding U.S. national debt and the burgeoning European debt crisis all threaten to push the struggling U.S. economy over the edge.  But which one is America’s biggest economic problem?  Below, 16 of America’s greatest economic threats are listed in no particular order.  The goal of this article is to hear what all of you readers believe is the worst crisis the U.S. economy is facing.  If you would like to vote, please choose one of the 16 economic problems listed below (or nominate one of your own) and leave a comment explaining your choice….

#1) The Gulf Of Mexico Oil Spill – The Gulf of Mexico oil spill is already the worst environmental disaster in U.S. history.  Is it also about to become the worst economic disaster in U.S. history?   

#2) The Derivatives Bubble – The total value of all derivatives worldwide is estimated to be well over a quadrillion dollars.  In fact, the danger from derivatives is so great that Warren Buffet has called them “financial weapons of mass destruction”.  Will the derivatives bubble end up being the major cause of the next depression?

#3) The Housing Crash – Last month, sales of new homes in the United States dropped to the lowest level ever recorded.  Also, the number of U.S. home foreclosures set a record for the second consecutive month in May.  Very few Americans are buying houses right now.  The subprime mortgage crisis brought the U.S. financial system to the brink of ruin in 2007 and 2008.  Is it about to happen again?

#4) The Federal Reserve – Instead of printing and issuing their own currency, the U.S. government actually has to go into more debt before any new currency is created.  But the problem is that the money to pay the interest on that debt is not created at that time, so in order to pay that interest the U.S. government will need to create even more currency in the future.  That means going into even more debt.  Thus the U.S. government is caught in an endless debt spiral that has now become impossible to escape.  By basing our economy on mountains of debt and paper money that is backed by nothing, have we essentially guaranteed that our economic system will totally fail someday?     

#5) The European Sovereign Debt Crisis – Greece, Spain, Italy, Portugal and a number of other European nations are in real danger of actually defaulting on their debts.  If a wave of national defaults starts sweeping the globe, will it end up wiping out the U.S. economy as well?

#6) The Growing Welfare State – 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.  More than 1 in 5 American children now live below the poverty line.  Nearly 51 million Americans received $672 billion in Social Security benefits in 2009.  How many people can the U.S. government possibly support financially before it finally collapses under the weight?

#7) Illegal Immigration– There are an estimated 30 million illegal immigrants now living in the United States.  Not only is this a very serious economic burden, but it is a huge national security issue as well.  Federal agents and local law enforcement officials along the border are now openly telling the media that they are outgunned, outmanned and are increasingly being shot at by the Mexican drug cartels that are openly conducting military operations inside the United States.  There is now significant Latin American gang activity in almost every large and mid-size city in the United States.  Meanwhile, Barack Obama continues to leave the border wide open.  

#8) Corruption On Wall Street– The corrupton in the financial system that has been revealed in 2010 has been absolutely mind blowing.  Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers and Wachovia are all being investigated by the government at this point.  The rampant manipulation of the gold and silver markets was completely blown open by an industry insider, and the U.S. government has finally been convinced to take a look at it.  It seems like the more the layers are peeled back, the more corruption we find in the financial community.  So how long can the U.S. financial system survive when corruption is seemingly everywhere? 

#9) War In The Middle East – The U.S. government has spent hundreds of billions of dollars fighting the war in Iraq.  The U.S. government has spent over 247 billion dollars on the war in Afghanistan, and yet June 2010 has now become the deadliest month of the Afghan war for coalition troops.  Now there is a very real possibility that war could erupt with Iran.  How long can the U.S. government continue to afford to pour hundreds of billions of dollars into wars in the Middle East?  Not only that, but if a war with Iran cuts off the flow of oil from the Persian Gulf, what would that do to our economic system that is so highly dependent on oil?

#10) Barack Obama’s Health Care “Reform” – Barack Obama’s pet project is actually the biggest tax increase in U.S. history, it is going to cause the premature retirement of thousands upon thousands of American doctors, and it is going to drive health insurance premiums through the roof.  Health insurance companies are going to do very well (they actually helped write the bill), but the rest of us are going to be absolutely crushed by this brutal legislation.  So what will happen when the U.S. healthcare system implodes?

#11) Barack Obama’s “Cap And Trade” Carbon Tax Scheme– Rather than focusing all of his attention on fixing the massive oil leak in the Gulf of Mexico, Barack Obama has been busy playing golf and figuring out how he can use this crisis as an opportunity to get his “cap and trade” carbon tax scheme pushed through the U.S. Congress.  But will Barack Obama’s obsession with “global warming” end up totally wrecking the U.S. economy?

#12) Globalism – Most American workers had no idea that free trade would mean that they would suddenly be competing for jobs against workers in the Philippines and Malaysia.  Today, corporations often find themselves having to choose whether to build a factory in the United States or in the third world.  But in the third world workers often earn less than 10% of what American workers earn, corporations are often not required to provide any benefits to workers, and there are usually hardly any oppressive government regulations.  How can American workers compete against that?

#13) The Moral Decline Of America – An economy stops working efficiently when people stop feeling safe and when they stop trusting one another.  As greed, selfishness, lust, pride, theft and violence continue to explode, how much longer will the U.S. economy be able to function normally?

#14) Genetic Modification – Scientists around the globe have now produced “monster salmon” which grow three times as fast as normal salmon, corn that has been genetically modified to have a pesticide grow inside the corn kernel, cats that glow in the dark and goats that produce spider silk.  Is it possible that all of this genetic modification could unleash an environmental hell that could destroy not only the economy but also our entire society?

#15) Unemployment – Tens of millions of Americans are out of work and nearly a million people have lost their unemployment benefits because the U.S. Senate has once again failed to pass a bill that would extend those benefits.  In some areas of the United States unemployment has been pushing up towards depression-era levels.  For example, a while back the mayor of Detroit said that the real unemployment rate in his city is somewhere around 50 percent.  So is the biggest problem that the U.S. economy is facing the fact that so many millions of willing American workers simply cannot find work?

#16) The U.S. National Debt – As of June 1st,  the U.S. National Debt was $13,050,826,460,886.  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.  The total of all government, corporate and consumer debt in the United States is now about 360 percent of GDP.  The United States has piled up the biggest mountain of debt in the history of the world.  So how long will it be before this mountain of debt collapses?

So of the 16 economic problems listed above, which one do you believe is the biggest threat to the U.S. economy?

Please feel free to leave a comment with your vote….

Does The Gulf Of Mexico Oil Spill Mean That The U.S. Is Headed For Gas Lines, Higher Food Prices And A Broken Economy?

As the Gulf of Mexico oil spill crisis enters a third month, the economic impact of this environmental nightmare is starting to become clearer.  The truth is that the “oil volcano” spewing massive amounts of oil into the Gulf has absolutely decimated the seafood, tourism and real estate industries along the Gulf coast.  Not only that, but energy industry insiders are now warning that the chilling effect that this crisis will have on offshore drilling could precipitate a new 1970s-style energy crisis.  Considering the fact that the U.S. economy was already on incredibly shaky ground even before the oil leak, the last thing we needed was a disaster of this magnitude.  But it has happened, and the reality is that the long-term effects of this crisis are potentially going to reverberate for decades. 

The American people certainly have a negative view on the impact that this oil spill will have on the economy.  According to a new poll, about eight out of every 10 Americans expect the oil spill to damage the U.S. economy and drive up the cost of gas and food.

But is a new 1970s-style energy crisis really a possibility?

Could we actually soon be headed for blackouts and gas lines?

Well, former Shell executive John Hofmeister believes that is exactly what we are headed for….

“Within a decade I predict the energy abyss looks like brownouts, blackouts and gas lines.” 

In fact, Hofmeister claims that some of his fellow energy industry insiders expect things to be even worse than he is projecting in the years ahead.

Why?

Hofmeister says that the problem is the U.S. government….

“Our federal government, when it comes to energy and the environment, is dysfunctional, it’s broken, and it’s unfixable in its current form.”

Without a doubt, the oil spill will have a chilling effect on offshore drilling.  But does that mean that we are going to be facing a shortage of oil in the future?

Well, that is what the advocates of peak oil would have us believe. 

But the truth is that there are actually a TON of untapped reserves throughout the United States that could provide everything that we need for decades and more.

Nobody is really supposed to talk about it, but the reality is that there are massive deposits of oil in Alaska, the Colorado Rockies and in the Bakken formation in Montana and the Dakotas that are larger than anything found in Saudi Arabia. 

So we will only have an “energy crisis” if that is what oil industry insiders and the U.S. government want.

You see, the oil industry likes to keep the supply of oil down because it means much larger profits for them, and these days the folks in Washington D.C. like anything that causes the U.S. public to use less oil, so higher energy prices are just fine with them.

In fact, rather than focusing on getting the crisis in the Gulf solved, Barack Obama has been exploiting this oil spill to really push his economy-killing climate bill.  It seems like Barack Obama would do just about anything to foist his “cap and trade” carbon tax scheme on the American people. 

Energy issues aside, the impact that this oil spill is having on other areas of the Gulf coast economy is very significant.

For example, the Gulf oil spill is absolutely playing havoc with real estate prices in the region.

Real estate agent Linda Henderson recently put it this way….

“I can tell you that things have pretty much dropped to dead.”

After all, who is going to pay top dollar for beachfront property down there at this point?

Nobody.

Not only that, but obviously the oil spill is devastating the seafood industry in the Gulf as well.

The Wall Street Journal recently reported that the average wholesale price for Gulf brown shrimp has jumped by more than half since the crisis began.

In addition, oyster prices are up 33% since the beginning of the oil spill, and as oil continues to spew into the Gulf of Mexico the price increases are only going to become more dramatic.

In fact, many are wondering if the seafood industry in the Gulf will ever recover from all of this.

The truth is that fishermen in Cordova, Alaska are still struggling 21 years after the 1989 Exxon Valdez oil spill devastated the fishing industry in that area.

Some local shrimpers in Louisiana are already predicting that it will be seven years before they can set to sea again, but even that actually may prove to be too optimistic.

Some scientists are warning that the massive quantities of methane that are being spewed into the Gulf of Mexico from the “oil volcano” could create “dead zones” where oxygen is so depleted that literally nothing lives.

So if the oil continues to flow for several more months could very large portions of the Gulf of Mexico become dead zones?

That is a legitimate question at this point.

In addition, the oil spill in the Gulf of Mexico is completely destroying tourism along the Gulf coast.

The truth is that nobody wants to visit places where the beaches are coated with oil and where breathing the air makes your kids want to gag.

Public Service Commissioner Benjamin Stevens recently described what this is going to mean for beaches in his area….

“You get hit by a hurricane and you can rebuild. But when that stuff washes up on the white sands of Pensacola Beach, you can’t just go and get more white sand.”

Hotel Owner Dodie Vegas was even more blunt in describing what this crisis means for her business….

“It’s just going to kill us. It’s going to destroy us.”

But not everyone has been ruined economically by this oil spill.

In fact, it turns out that BP CEO Tony Hayward cashed in about a third of his BP stock one month before the well on the Deepwater Horizon exploded.

Not only that, it has been revealed that Goldman Sachs sold 58% of its shares in BP between January and March of this year.

Isn’t it amazing how the elite always seem to have such perfect timing?

Even if Tony Hayward resigns as a result of this crisis, he is going to get a 10.8 million pound ($16 million) golden parachute.

No, the true losers in all of this are going to be those living along the Gulf of Mexico who have had their lives, their businesses and the beautiful environment around them destroyed.

We are literally watching an entire region of America slowly die, and Barack Obama still refuses to accept any of the international assistance that is being offered. 

If what is happening in the Gulf of Mexico is not enough to get the American people angry, then what will?  This crisis has been so badly mismanaged that it is absolutely mind blowing.  Let’s just hope that someone can find a way to stop the oil soon.

Why Has Barack Obama Refused To Accept International Help To Clean Up The Oil Spill In The Gulf Of Mexico?

As the crisis in the Gulf of Mexico enters a third month, many are now asking how in the world Barack Obama can keep refusing offers from other countries to help clean up the oil spill.  The truth is that cleaning up oil spills is not rocket science.  There have been massive oil spills in other areas of the world before and there are some folks that have some real expertise when it comes to cleaning them up.  But Barack Obama and BP have been stumbling around as if they are trying to reinvent the wheel.  So exactly what in the world is going on here?  When it comes to Obama’s approach to this crisis, there are really two options.  Either this is one of the most extreme examples of presidential incompetence in modern American history, or Barack Obama is using this crisis for a particular purpose (such as advancing a particular agenda).  In either event, Obama’s actions during this crisis have been completely and totally unconscionable.

The truth is that 13 different countries have offered to help clean up the oil in the Gulf of Mexico.

Barack Obama turned all 13 of them down.

So let’s get this straight….

We are dealing with the greatest environmental disaster in U.S. history by far, and yet we completely refuse any assistance?

What kind of insanity is that?

In fact, it is being reported that just three days after the Deepwater Horizon sank to the floor of the Gulf of Mexico the Dutch government contacted Barack Obama and offered to loan BP ships outfitted with special oil-skimming booms.  In addition, the Dutch had a plan to quickly build sand barriers to protect the vulnerable marshlands along the Louisiana coast.

Needless to say, those plans were not implemented.

According to one Dutch newspaper, the European oil companies that offered to help said that they could have completely cleaned all of the oil from the Gulf of Mexico in just four months.

But now Obama is telling us that the crisis in the Gulf of Mexico could last for years.

So what would keep Barack Obama from accepting international offers of help?

Well, Obama is using something called “the Jones Act” as an excuse.

Howard Portnoy recently described what is going on this way….

In order to accept the offers, which have come from Belgian, Dutch, and Norwegian firms that claim to possess some of the world’s most advanced oil skimming ships, Obama would need to waive the Merchant Marine Act of 1920 (P.L. 66-261). Also known as the Jones Act, the law requires essentially that all commercial acts conducted in U.S.-controlled waters be performed by “U.S.-flag ships, constructed in the United States, owned by U.S. citizens, and crewed by U.S. citizens and U.S. permanent residents.”

So why not simply waive the act? Other presidents have under similar circumstances. George W. Bush waived the Jones Act following Hurricane Katrina, allowing foreign ships into Gulf waters to aid in the relief effort.

The truth is that the Jones Act is not a barrier to receiving assistance at all and Barack Obama knows this.

There would be absolutely no problem with waiving the Jones Act in these circumstances.

So Barack Obama has no excuse.

Either he is completely and totally incompetent or he has been trying to make this crisis worse than it should be.

You see, this is not the first catastrophic oil spill in the history of the world.  There have been others, and we have learned quite a bit about cleaning up oil from those events.  Anthony G. Martin recently described what happened during one particularly brutal oil spill in 1993 and 1994….

In 1993 and ’94 the Saudis faced an oil spill of historic proportions in the Arabian Gulf as four leaking tankers and two oil gushers threatened to spur a catastrophic event that was 65 times worse than the Exxon-Valdez spill. 

An American engineer, Nick Pozzi, was part of a task force charged with developing a solution to the looming disaster.

Pozzi had used various methods to clean up oil spills prior to this event.  However, the time was short, and an effective solution was needed post-haste.

That’s when Pozzi decided that the huge, empty oil tankers, sitting in the dock, could be used to simply vacuum up the oil right off of the top of the water.

The result was that 85% of the oil was recovered.

In a recent interview with Esquire, Pozzi explained that cleaning up the oil in the Gulf of Mexico should not be that complicated….

Keep in mind that what supertankers typically do is they sit in the middle of the ocean waiting for all the traders to come up with the right price. When they feel that the price is right, the tankers that are full, they take off, and they can be anywhere in the world in a few days. Right now there are probably 25 supertankers, waiting for orders, full of oil. So all they got to do is come to Texas, in the Gulf, unload the oil, and then turn around and suck up all this other stuff and pump it onto shore into on-shore storage. It’s not rocket science. It’s so simple.

So why won’t Barack Obama and BP implement the “supertanker method”?

When asked about it they just brush it off.

Are they that incompetent?

Or is something else going on?

If this crisis had been handled properly, oil would not currently be blanketing our pristine Gulf coast beaches.

An increasing number of Gulf coast residents have become so frustrated that they have decided to take it upon themselves to stop the oil that is headed towards their homes and businesses.

But BP and the Obama administration have been running around trying to keep anyone else other than themselves from doing anything about this oil spill.  In fact, 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, and BP is being allowed to use private security contractors to keep the American people away from the oil cleanup sites.

If they used as much energy cleaning up the oil as they are in keeping the American people away from the spill they might actually be accomplishing something.

Meanwhile, CBS News is reporting that there could be as much as 1 billion barrels of oil under the damaged BP oil well in the Gulf of Mexico and that it could keep flowing for more than a decade.

Apparently BP made one of the biggest oil discoveries in history, but the problem is that oil is now coming out of there at such high pressure that we simply do not have the technology to control it.

In addition, experts have discovered a massive gas bubble which is estimated to be 15 to 20 miles across and “tens of feet high” under the floor of the Gulf of Mexico.

So what in the world is going to happen if that thing blows?

Also, there are reports of fissures and cracks appearing on the ocean floor around the damaged wellhead.

If this thing goes from a “leak” to an “eruption” it could be a catastrophe beyond anything any of us could even imagine.

So let’s hope that nothing like that happens.

But there is another very serious threat that we need to keep an eye on.

Some environmentalists are now warning that North America could be facing years of toxic rain because of the highly toxic chemical dispersants that BP is using to control the Gulf of Mexico oil spill.  Because it is so poisonous, 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 BP really needs to start explaining why they are dumping so much of it into the Gulf of Mexico – especially since so much of it could end up raining down on us.

Meanwhile, Barack Obama and Joe Biden are busy playing golf and BP chief executive Tony Hayward has been busy watching his yacht race.

Well, considering the fact that Tony Hayward is set for a massive 10.8 million pound ($16 million) payout if he chooses to step down, perhaps he is not too concerned about exactly how things turn out.

As for Barack Obama, his main concern in all this seems to be advancing his climate agenda.  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 cleaning up the oil in the Gulf has nothing to do with the “cap and trade” carbon tax scheme that Obama is trying to foist on all of us.

What Obama needs to do is to accept all the help that is being offered, get everybody working together on cleaning up this mess, and find a way to stop all that oil from coming out of the ground. 

Until he makes some progress on those things, the American people are not likely to want to hear the first thing about all of the new taxes, rules and regulations that he is so eager to impose on all of us.

The Gulf of Mexico is literally being destroyed, and already this disaster has been so horrific that the effects will be felt for decades.  If Barack Obama cares one ounce about the American people he needs to start doing his job instead of playing politics with this crisis.

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.

    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.

    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

    30 Shocking Quotes About The Gulf Of Mexico Oil Spill That Reveal The Soul-Crushing Horror This Disaster Is Causing

    It is incredibly hard to put into words the absolute horror that is happening in the Gulf of Mexico right now.  The millions of gallons of oil that have gushed into the Gulf of Mexico and BP’s efforts to fight the massive leak are turning the Gulf into a lifeless toxic stew of oil and chemicals.  The damage caused to wildlife in the Gulf by this spill will be incalculable.  Entire species are at risk of being wiped out.  Scientists are telling us that the primary dispersant being used by BP ruptures red blood cells and causes fish to bleed.  This is by far the greatest environmental disaster in U.S. history, and there is no end in sight.  It is a worse environmental and economic disaster than all of the hurricanes of the past ten years combined.  The great wetlands and beaches along the Gulf of Mexico will never be the same in our lifetimes.  The seafood and tourism industries in the Gulf are being completely destroyed.  The thousands of jobs and businesses being wiped out by this disaster could potentially throw the entire Gulf coast region into a depression.  The damage already caused by this oil spill is beyond measure and yet the government tells us that up to 19,000 barrels (798,000 gallons) of oil a day continue to flow into the Gulf of Mexico.

    Federal officials have expanded the “no fishing” area in the Gulf of Mexico to 75,920 square miles.  That is 31 percent of all federal waters in the Gulf.  As the oil continues to spread out there may soon be nowhere to fish.

    And the oil is starting to come ashore in more places.  Red-brown oil was found on Alabama’s Dauphin Island on Tuesday.  As Gulf coast residents slowly watch this oil destroy everything around them they are starting to realize that this is it.

    Life along the Gulf of Mexico will simply never be the same again. 

    The following are 30 shocking quotes about the Gulf of Mexico oil spill that reveal the soul-crushing horror this disaster is causing….

    #1) Councilman Jay LaFont of Grand Isle, Louisiana:

    “As long as you have something to look forward to, a little glimmer of hope, you can move on. But this just drained everything out of us.”

    #2) Billy Nungesser, president of Plaquemines Parish:

    “They said the black oil wouldn’t come ashore. Well, it is ashore. It’s here to stay and it’s going to keep coming.”

    #3) Prosanta Chakrabarty, a Louisiana State University fish biologist:

    “Every fish and invertebrate contacting the oil is probably dying. I have no doubt about that.”

    #4) Marine toxicologist Dr. Susan Shaw, director of the Marine Environmental Research Institute on BP’s use of chemical dispersants:

    “They’ve been used at such a high volume that it’s unprecedented. The worst of these – Corexit 9527 – is the one they’ve been using most. That ruptures red blood cells and causes fish to bleed. With 800,000 gallons of this, we can only imagine the death that will be caused.”

    #5) Dr. Larry McKinney, director of the Harte Research Institute for Gulf of Mexico Studies in Texas:

    “Bluefin tuna spawn just south of the oil spill and they spawn only in the Gulf. If they were to go through the area at a critical time, that’s one instance where a plume could destroy a whole species.”

    #6) Carol Browner, Barack Obama’s adviser on energy and climate:

    “This is probably the biggest environmental disaster we have ever faced in this country. It is certainly the biggest oil spill and we are responding with the biggest environmental response.”

    #7) Richard Charter of the Defenders of Wildlife:

    “It is so big and expanding so fast that it’s pretty much beyond human response that can be effective. … You’re looking at a long-term poisoning of the area. Ultimately, this will have a multidecade impact.”

    #8) Reverand Mike Tran:

    “We don’t know when this will ever be over. It’s a way of life that’s under assault, and people don’t when their next paycheck is going to be.”

    #9) Louis Miller of the Mississippi Sierra Club:

    “This is going to destroy the Mississippi and the Gulf Coast as we know it.”

    #10) Dean Blanchard, owner of a seafood business:

    “I hold Obama responsible for not making BP stand up and look at the people in the face and fix it.”

    #11) Louisiana Governor Bobby Jindal:

    “The day that we’ve been fearing is upon us.”

    #12) Billy Nungesser, president of Plaquemines Parish, about BP CEO Tony Hayward:

    “We ought to take him offshore and dunk him 10 feet underwater and pull him up and ask him ‘What’s that all over your face?”

    #13) Former Clinton adviser James Carville:

    “The country feels like it’s entitled to abuse this state and forget about us, and we are sick of it.”

    #14) An anonymous Louisiana resident:

    “A hurricane is like closing your bank account for a few days, but this here has the capacity to destroy our bank accounts.”

    #15) U.S. Representative Edward Markey:

    “I have no confidence whatsoever in BP . I think that they do not know what they are doing.”

    #16) Gulf coast resident Marie Michel:

    “Immediately, it’s no more fishing, no more crabbing, no more swimming, no more walking on the beach.”

    #17) Brenda Prosser of Mobile, Alabama:

    “I just started crying. I couldn’t quit crying. I’m shaking now.  To know that our beach may be black or brown, or that we can’t get in the water, it’s so sad.”

    #18) Qin Chen, an associate professor of civil and environmental engineering at Louisiana State University in Baton Rouge on the possibility that a hurricane could push massive amounts of oil ashore along the Gulf:

    “A hurricane in the Gulf of Mexico this year would be devastating.”

    #19) Retired Army General Russel Honore on the effect this spill is having on residents of the Gulf coast:

    “I’m sure, every time they hear a negative word, their skin crawls, ’cause they need these jobs. … This is what’s going to put their kids in school, and what pays the rent.”

    #20) A group calling itself “Seize BP”:

    “The greatest environmental disaster with no end in sight! Eleven workers dead. Millions of gallons of oil gushing for months (and possibly years) to come. Jobs vanishing. Creatures dying. A pristine environment destroyed for generations. A mega-corporation that has lied and continues to lie, and a government that refuses to protect the people.”

    #21) Louisiania Governor Bobby Jindal:

    “There has been failure, particularly with the effort to protect our coast and our marsh. And that was the biggest topic of discussion in a very frank meeting we had with the president.”

    #22) BP’s chief operating officer, Doug Suttles:

    “This scares everybody — the fact that we can’t make this well stop flowing, the fact that we haven’t succeeded so far.”

    #23) Doug Rader, chief ocean scientist for the Environmental Defense Fund:

    “You simply cannot make more (reefs), unless you have a few thousand years to wait.”

    #24) Public Service Commissioner Benjamin Stevens:

    “You get hit by a hurricane and you can rebuild. But when that stuff washes up on the white sands of Pensacola Beach, you can’t just go and get more white sand.”

    #25) Wilma Subra, a chemist who has served as a consultant to the Environmental Protection Agency:

    “Every time the wind blows from the south-east to the shore, people are being made sick.”

    #26) Hotel Owner Dodie Vegas:

    “It’s just going to kill us. It’s going to destroy us.”

    #27) Louisiana resident Sean Lanier:

    “Until they stop this leak, it’s just like getting stabbed and the knife’s still in you, and they’re moving it around.”

    #28) White House energy adviser Carol Browner:

    “There could be oil coming up until August.”

    #29) Marine toxicologist Dr. Susan Shaw, director of the Marine Environmental Research Institute:

    “We’ll see dead bodies soon. Sharks, dolphins, sea turtles, whales: the impact on predators will be seen in a short time because the food web will be impacted from the bottom up.”

    #30) Plaquemines Parish President Billy Nungesser:

    “We will die a slow death over the next two years as this oil creeps ashore.”

    Ready Made Resources 2015
    Finca Bayano
    Panama Relocation Tours
    The 1 Must Own Gold Stock
    180x350




     

    Credible Warning

    ProphecyHour

    Facebook Twitter More...