More Global Warming: Coldest December Since Records Began as Temperatures Plummet to Minus 10C Bringing Travel Chaos Across Britain!
- Looks like we should all put on bermudas and Tees because of global warming. Global warming is so strong, Britain is facing Arctic weather -10C! You bunch of ‘scientists’ and academic frauds better talk louder about global warming. Apparently, planet earth cannot hear you and won’t cooperate with your global warming SCAM ! Give it a rest you idiots!
Coldest December since records began as temperatures plummet to minus 10C bringing travel chaos across Britain
Swathes of Britain skidded to a halt today as the big freeze returned – grounding flights, closing rail links and leaving traffic at a standstill. And tonight the nation was braced for another 10in of snow and yet more sub-zero temperatures – with no let-up in the bitterly cold weather for at least a month, forecasters have warned.
The Arctic conditions are set to last through the Christmas and New Year bank holidays and beyond and as temperatures plummeted to -10c (14f) the Met Office said this December was ‘almost certain’ to become the coldest since records began in 1910. The latest snowfall carpeted large swathes of Britain today – with up to 5in falling in places – paralysing roads and rail, and forcing airports and schools to close.
Forecasters warned the worst was still to come over the next 24 hours as the heaviest December snowfall for 30 years tightened its grip on the nation once more. The South is expected to be worst hit with up to 10in falling during the course of tomorrow. By the start of next week temperatures are set to fall to as low as -15c (5f). Met Office forecaster Barry Gromett said the average mean temperature for the first two weeks of this month was -0.7c. The coldest ever average for this time of year – recorded in December 1981 – was 0.2c.
He said: ‘A significant amount of snow will fall over the next 24 hours, particularly across southern England. ‘Further snow showers are likely to hit Wales and the west before moving eastwards on Sunday. ‘It is going to remain very cold right through to the middle of next week with widespread overnight frosts and ice. ‘Temperatures are likely to drop into the minus teens in places, with towns and cities as cold as -8c (18f).
‘It’s going to stay like this throughout Christmas and New Year, but by the middle of next month things will slowly return to normal and we could perhaps see the beginning of the end. ‘Nevertheless, this December is almost certainly going to become the coldest since records began in 1910. ‘It’s already a lot colder than the previous record which was set in 1981.’
GEAB N°50: Global Systemic Crisis! Second Half of 2011 ! The Explosion of The Western Public Debt Bubble!
- It looks like the slow boiling of the sheeple frog until some time in 2011. I am not sure how long these Illuminists can drag this out. Every quarter longer the chances of the global meltdown increases 10%. The odds of this coming global monetary, financial and economic collapse in 2011 is 90% IMO! I have fully prepared my undergound nuclear shelter, stocked up on chicken wings and BBQ source and yes my cable TV is working! I may be a little paranoid, but hey, indulge me a little! I don’t know what these people are smoking for their delusional happiness, I need a triple dose of it!
Global systemic crisis: Second half of 2011 – European context and US catalyst – Explosion of the Western public debt bubble
The second half of 2011 will mark the point in time when all the world’s financial operators will finally understand that the West will not repay in full a significant portion of the loans advanced over the last two decades. For LEAP/E2020 it is, in effect, around October 2011, due to the plunge of a large number of US cities and states into an inextricable financial situation following the end of the federal funding of their deficits, whilst Europe will face a very significant debt refinancing requirement (1), that this explosive situation will be fully revealed.
Media escalation of the European crisis regarding sovereign debt of Euroland’s peripheral countries will have created the favourable context for such an explosion, of which the US “Muni” (2) market incidentally has just given a foretaste in November 2010 (as our team anticipated last June in GEAB No. 46 ) with a mini-crash that saw all the year’s gains go up in smoke in a few days. This time this crash (including the failure of the monoline reinsurer Ambac (3)) took place discreetly (4) since the Anglo-Saxon media machine (5) succeeded in focusing world attention on a further episode of the fantasy sitcom “The end of the Euro, or the financial remake of Swine fever” (6). Yet the contemporaneous shocks in the United States and Europe make for a very disturbing set-up comparable, according to our team, to the “Bear Stearn ” crash which preceded Lehman Brothers’ bankruptcy and the collapse of Wall Street in September 2008 by eight months. But the GEAB readers know very well that major crashes rarely make headlines in the media several months in advance, so false alarms are customary (7)!
In this GEAB issue, we therefore anticipate the progression of the terminal crash of Western public debt (in particular US and European debt) as well as ways to protect oneself. Furthermore, we analyze the very important structural consequences of the Wikileaks revelations on the United States’ international influence as well as their interaction with the global consequences of the US Federal Reserve’s QE II programme. This GEAB December issue is, of course, the opportunity to assess the validity of our anticipations for 2010, with a of 78% success rate for the year. We also develop strategic advice for Euroland (8) and the United States. And we publish the GEAB-$ index that will now allow us to synthetically follow the progress of US Dollar against major world currencies every month (9).
In this issue, we have chosen to present an excerpt of the forecast on the explosion of the Western public debt bubble. Thus, the Western public debt crisis is growing very rapidly under the pressure of four increasingly strong limitations:
. the absence of economic recovery in the United States which strangles all public bodies (including the federal state (10)) accustomed to an easy flow of debt and significant tax revenues in recent decades (11)
. the accelerated structural weakening of the United States in monetary, financial as well as diplomatic (12) affairs which reduces their ability to attract world savings (13)
. the global drying up of sources of cheap finance, which precipitates the crisis of excessive debt in Europe’s peripheral countries (in Euroland like Greece, Ireland, Portugal, Spain, … and the United Kingdom as well (14)) and is starting to touch key countries (USA, Germany, Japan) (15) in a context of very large European debt refinancing in 2011
. the transformation of Euroland into a new “sovereign” that gradually develops new rules for the continent’s public debts.
These four constraints generate varying phenomena and reactions in different regions / countries.
The European context: the price of the path from laxity to austerity will be partly paid for by investors
From the European side, we have thus witnessed the difficult, but ultimately incredibly fast, transformation of the Eurozone into a sort of semi-state entity, Euroland. The delays in the process weren’t only due to the poor quality of the political individuals concerned (16) as the interviews of the “forerunners” such as Helmut Schmidt, Valéry Giscard d’Estaing or Jacques Delors hammered on at length. They themselves never having had to face a historic crisis of this magnitude, a little modesty would have done them good.
These delays are equally due to the fact that current developments in the Eurozone are on a huge political scale (17) and conducted without any democratic political mandate: this situation paralyzes the European leaders who consequently spend their time denying that they are really doing what they do, i.e. namely, building a kind of political entity with its own economic, social and fiscal constituent parts, …. (18) Elected before the crisis erupted, they do not know that their voters (and the economic and financial players at the same time) would be largely satisfied with an explanation about the decisions being planned (19). Because most of major decisions to come are already identifiable, as we analyze in this issue.
Finally, it is a fact that the actions of these same leaders are dissected and manipulated by the main media specializing in economic and financial issues, none of which belong to the Eurozone, and all of which are, on the contrary, entrenched in the $ / £ zone where the strengthening of the euro is considered a disaster. This same media very directly contributes to blur the process underway in Euroland (20) even more.
However, we can see that this adverse effect decreases because between the “Greek crisis” and the “Irish crisis”, the resulting Euro exchange rate volatility has weakened. For our team, in spring 2011, it will become an insignificant event. This only leaves, therefore, the issue of the quality of Euroland’s political personnel which will be profoundly changed beginning in 2012 (21) and, more fundamentally, the significant problem of the democratic legitimacy of the tremendous advances in European integration (22). But in a certain fashion, we can say that by 2012/2013, Euroland will have really established mechanisms which will have allowed it to withstand the shock of the crisis, even if it’s necessary to legitimize their existence retrospectively (23).
In this regard, what will help accelerate the bursting of the Western public debt bubble, and what will occur concomitantly for its US catalyst, is the understanding by financial operators of what lies behind the “Eurobligations” (or E-Bonds) (24) debate which has begun to be talked about in recent weeks (25). It is from late 2011 (at the latest) that the merits of this debate will begin to be unveiled within the framework of the preparation for the permanent European Financial Stabilisation Fund (26). Although, what will suddenly appear for the majority of investors who currently speculate on the exorbitant rates of Greek, Irish,… debt is that Euroland solidarity will not extend to them, especially when the case of Spain, Italy or Belgium will start being posed, whatever European leaders say today (27).
In short, according to LEAP/E2020, we should expect a huge operation of sovereign debt transactions (amid a government debt global crisis) which will offer Euroland guaranteed Eurobligations at very low rates in exchange of national securities at high interest rates with a 30% to 50% discount since, in the meantime, the situation of the entire Western public debt market will have deteriorated. Democratically speaking, the newly elected Euroland leaders (28) (after 2012) will be fully authorized to effect such an operation, of which the major banks (including European ones (29)) will be the first victims. It is highly likely that some privileged sovereign creditors like China, Russia, the oil producing countries,… will be offered preferential treatment. They will not complain since the undertaking will result in their sizeable assets in Euros being guaranteed.
- Woohoo! The Swedes have caught the global warming phenomenon! It is so warm the country is having its coldest December in 100 years! If you still believe in the man-made global warming cult/hoax, I have a seaside bungalow on Jupiter I like to sell to you! There are simply too many credulous idiots in this world.
Sweden in ‘coldest December in 100 years’
Power outages, traffic accidents as well as train and flight delays have left Swedes reeling from Thursday’s snowstorm, which forecasters say isn’t over yet.
“Slippery conditions will continue across the country. There is already a lot of snow on the roads,” SMHI’s Elin Torstensson told the TT news agency. She explained that Sweden has experienced more cold days and more snow than is normal for December. “There were a number of days in a row with below-freezing temperatures, so called ice days. And that we have that before Lucia (December 13th) hasn’t happened in more than 100 years,” she said.
In Örnsköldsvik in eastern Sweden, 2,300 customers of the Vattenfall power company were without electricity for several hours overnight. As of 7am Friday morning, about 1,000 households remained in the dark. And an additional 1,000 homes lost power in Västerbotten in northern Sweden in the wake of the storm, which dumped a blanket of thick snow on much of the country.
However, according to Vattenfall spokesperson Magnus Örvell, the outages were likely caused by the storm’s heavy winds. The fierce winds and continued snow also caused problems at many of Sweden’s airports, according to airport operator Swedavia.
Passengers are encouraged to contact their airlines for the latest information about possible delays. Rail service was also affected by the storm. In Skåne in southern Sweden, trains traveling between Malmö and Lund were replaced with buses, and other trains were redirected via the Lommabanan route, according to the website of the Swedish Transit Authority (Trafikverket).
Trains traveling between Ängelholm and Båstad in western Sweden are experiencing 25 minute delays because of switching problems, while track problems have resulted in buses replacing trains between Karlskrona and Emmaboda in southern Sweden.
Swedish motorists also had trouble dealing with the wild winter weather. A long-haul truck slid off of route 56 north of Heby in central Sweden. While no one was injured, the road was blocked as crews struggled to clear away the trucks spilled load of gas canisters.
Outside of Luleå in northern Sweden, a school bus collided with a logging truck on Thursday, sending eight children to hospital for observation. In Skåne, around 35 accidents were reported on Thursday, five of which resulted in injuries. Meteorology agency SMHI has issued a class 1 warning covering all of northern Sweden due to the large amounts of new snow, combined with the strong winds. The agency also forecasts that the snow will continue throughout much of the country on Friday.
Snow showers are expected to continue throughout the weekend over parts of Götaland and southern Svealand in central Sweden, with light flurries forecast for the north of the country. “We’re expecting about five centimetres of new snow,” said SMHI’s Torstensson.
Temperatures on Saturday are expected to range from a few degrees below freezing in Götaland to -25 Celsius in the far north, before cooling somewhat on Sunday when temperatures in the northern Sweden may dip down to 35 degrees below zero.
- Do you believe in the BLS’ (really BS) and FedRes’ economic statistics? There is no inflation. Really? Only for those who don’t eat and walk to work or school ! Commodity prices are rising rapidly. This is not because of increased demand due to a stronger economy. This is really caused by the debasement of the USD!
Food prices rise sharply – and there’s more to come
For the first time since 2008, inflation is hitting consumers in the stomach. Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.
Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.
“I noticed just this month that my grocery bill for the same old stuff – cereal, eggs, milk, orange juice, peanut butter, bread – spiked $25,” said Sue Perry, deputy editor of ShopSmart magazine, a nonprofit publication from Consumer Reports. “It was a bit of sticker shock.”
But it makes sense. Since November 2009, meat, poultry, fish and eggs have surged 5.8 percent in price. Dairy and related products have gone up 3.8 percent; fats and oils, 3 percent; and sugar and sweets, 1.2 percent.
While overall inflation nationwide was 1.1 percent, grocery prices went up 1.7 percent nationally and 1.3 percent in the Bay Area, said Todd Johnson, an economist for the Bureau of Labor Statistics office in San Francisco. “The largest effects on grocery prices here over the last month were tomatoes, followed by eggs, fish and seafood.”
Gas, diesel play a role
Gas and diesel prices also are playing a role. Wheat costs went through the roof this year when 20 percent of Russia’s crop was destroyed by drought and wildfires, causing the country, the third-largest producer in the world, to ban exports of the grain. The price of sugar, also used for ethanol in parts of the world, is priced at a two-decade high.
Kraft Foods Inc., one of the world’s largest food producers, has already announced plans to increase its prices because of mounting ingredient costs and flagging sales. General Mills, maker of everything from flour and baking mixes to cereal and Yoplait yogurt, has said it, too, will raise some of its product prices in January. Experts said consumers can expect the same from Kellogg’s and Nestle.
The silver lining, Swanson said, is that retailers such as major supermarket chains and big-box stores are likely to push back at wholesalers to keep prices from jumping too much. “Food is a high-frequency driver,” he said. “So if stores like Walmart and Kmart want to get shoppers in the door, it’s to their benefit to keep prices low.”
- Why is Helicopter Ben making such statements? After all, if the economy is stronger why continue with ‘money printing’ out of thin air? The truth is: Ben Bernanke is not out to rescue the American economy. He does not serve the American people, he serves the shareholders of the FedRes: Illuminist banksters!
- The big banks are bankrupt. It is only because the cowardly FASB allows them to mark their toxic assets to model ie fantasy, that their balance sheet appears to be ok. JP Morgan alone holds something like US$80T in toxic derivatives which are largely worthless. How do you go about making the loss of US$80T acceptable or survival? This is bigger than the entire world’s GDP!
- What if a cup of coffee costs US$1T? Then, US$80T is only 80 cups of coffee. This is chump change. I can afford to lose it also. So, how do you get the price of a cup of coffeee to US$1T? Massive hyper-inflation. The real agenda of the FedRes is the destruction of the USD to bring about hyper-inflation. All debts and losses will be hyper-inflated away to meaningless piles of toilet paper USD!
- All talks of a stronger economy is propaganda BS for sheeple consumption. These Illuminists are herding the sheeple towards their One World Currency solution using their Luciferian: Order Out of Chaos methodology!
Fed Signals Stronger Economy Won’t Slow Plan to Buy $600 Billion in Bonds
Federal Reserve policy makers indicated that signs of economic strength won’t deter them from pumping money into the financial system so long as unemployment remains elevated.
The Federal Open Market Committee said yesterday after its final meeting of 2010 that growth is “insufficient to bring down unemployment” and inflation has “continued to trend lower.” U.S. central bankers affirmed a plan to buy $600 billion of bonds through June and renewed their pledge for an “extended period” of low interest rates.
Stocks climbed and Treasuries fell as continued Fed stimulus and better-than-forecast retail sales boosted the outlook for growth in the coming year. Policy makers led by Chairman Ben S. Bernanke are defying Republican criticism that their policy will fuel inflation and asset price bubbles to focus on cutting an unemployment rate that has stayed above 9.4 percent since May 2009.
“The clear message is there is no rethinking of the program, no consideration of backing off,” said Jim O’Sullivan, global chief economist at MF Global Ltd. in New York. “Arguably they downplayed what have clearly been better growth data.”
Signs of economic strength, along with prospects for additional fiscal stimulus, have pushed Treasury yields higher, with the 10-year yield rising to 3.47 percent yesterday from 2.57 percent on Nov. 3, the day the second round of easing was announced. The Dow Jones Industrial Average reached the highest level since the Sep. 15, 2008 bankruptcy of Lehman Brothers Holdings Inc., closing at 11,476.54 yesterday.