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20 Signs That Dust Bowl Conditions Will Soon Return To The Heartland Of America

For decades, the heartland of America has been the breadbasket of the world.  Unfortunately, those days will shortly come to an end.  The central United States is rapidly drying up and dust bowl conditions will soon return.  There are a couple of major reasons for this.  Number one, the Ogallala Aquifer is being depleted at an astounding pace.  The Ogallala Aquifer is one of the largest bodies of fresh water in the entire world, and water from it currently irrigates […]

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For decades, the heartland of America has been the breadbasket of the world.  Unfortunately, those days will shortly come to an end.  The central United States is rapidly drying up and dust bowl conditions will soon return.  There are a couple of major reasons for this.  Number one, the Ogallala Aquifer is being depleted at an astounding pace.  The Ogallala Aquifer is one of the largest bodies of fresh water in the entire world, and water from it currently irrigates more than 15 million acres of crops.  When that water is gone we will be in a world of hurt.  Secondly, drought conditions have become the “new normal” in many areas of Texas, Oklahoma, Kansas and other states in the middle part of the country.  Scientists tell us that the wet conditions that we enjoyed for several decades after World War II were actually the exception to the rule and that most of time time the interior west is incredibly dry.  They also tell us that when dust bowl conditions return to the area, they might stay with us a lot longer than a decade like they did during the 1930s.  Unfortunately, without water you cannot grow food, and with global food supplies as tight as they are right now we cannot afford to have a significant decrease in agricultural production.  But it is not just the central United States that is experiencing the early stages of a major water crisis.  Already many other areas around the nation are rapidly developing their own water problems.  As supplies of fresh water get tighter and tighter, some really tough decisions are going to have to be made.  Fresh water is absolutely essential to life, and it is going to become increasingly precious in the years ahead.

Most Americans have never even heard of the Ogallala Aquifer, but the truth is that it is one of the most important bodies of water on the globe.  It covers well over 100,000 square miles and it sits underneath the states of Texas, New Mexico, Oklahoma, Colorado, Kansas, Nebraska, Wyoming and South Dakota.

Water drawn from the Ogallala Aquifer is used to water more than 15 million acres of crops.  Without this source of water, the United States would not be the breadbasket of the world.

That is why what is happening right now is so alarming.

The following are 20 signs that dust bowl conditions will soon return to the heartland of America….

#1 The Ogallala Aquifer is being drained at a rate of approximately 800 gallons per minute.

#2 According to the U.S. Geological Survey, since 1940 “a volume equivalent to two-thirds of the water in Lake Erie” has been permanently lost from the Ogallala Aquifer.

#3 Decades ago, the Ogallala Aquifer had an average depth of approximately 240 feet, but today the average depth is just 80 feet.  In some areas of Texas, the water is gone completely.

#4 Scientists are warning that nothing can be done to stop the depletion of the Ogallala Aquifer.  The ominous words of David Brauer of the Ogallala Research Service should alarm us all….

“Our goal now is to engineer a soft landing. That’s all we can do.”

#5 According to a recent National Geographic article, the average depletion rate of the Ogallala Aquifer is picking up speed….

Even more worrisome, the draining of the High Plains water account has picked up speed. The average annual depletion rate between 2000 and 2007 was more than twice that during the previous fifty years. The depletion is most severe in the southern portion of the aquifer, especially in Texas, where the water table beneath sizeable areas has dropped 100-150 feet; in smaller pockets, it has dropped more than 150 feet.

#6 According to the U.S. National Academy of Sciences, the U.S. interior west is now the driest that it has been in 500 years.

#7 It seems like the middle part of the United States experiences a major drought almost every single year now.  Last year, “the drought of 2011” virtually brought Texas agriculture to a standstill.  More than 80 percent of the state of Texas experienced “exceptional drought” conditions at some point, and it was estimated that about 30 percent of the wheat fields in Texas were lost.  Agricultural losses from the drought were estimated to be $3 billion in the state of Texas alone.

#8 Wildfires have burned millions of acres of vegetation in the central part of the United States in recent years.  For example, wildfires burned an astounding 3.6 million acres in the state of Texas alone during 2011.  This helps set the stage for huge dust storms in the future.

#9 Texas is not the only state that has been experiencing extremely dry conditions.  Oklahoma only got about 30 percent of the rainfall that it normally gets last summer.

#10 In some areas of the southwest United States we are already seeing huge dust storms come rolling through major cities.  You can view video of a giant dust storm rolling through Phoenix, Arizona right here.

#11 Unfortunately, scientists tell us that it would be normal for dust bowl conditions to persist in parts of North America for decades.  The following is from an article in the Vancouver Sun….

But University of Regina paleoclimatologist Jeannine-Marie St. Jacques says that decade-long drought is nowhere near as bad as it can get.

St. Jacques and her colleagues have been studying tree ring data and, at the American Association for the Advancement of Science conference in Vancouver over the weekend, she explained the reality of droughts.

“What we’re seeing in the climate records is these megadroughts, and they don’t last a decade—they last 20 years, 30 years, maybe 60 years, and they’ll be semi-continental in expanse,” she told the Regina Leader-Post by phone from Vancouver.

“So it’s like what we saw in the Dirty Thirties, but imagine the Dirty Thirties going on for 30 years. That’s what scares those of us who are in the community studying this data pool.”

#12 Experts tell us that U.S. water bills are likely to soar in the coming years.  It is being projected that repairing and expanding our decaying drinking water infrastructure will cost more than one trillion dollars over the next 25 years, and as a result our water bills will likely approximately triple over that time period.

#13 Right now, the United States uses approximately 148 trillion gallons of fresh water a year, and there is no way that is sustainable in the long run.

#14 According to a U.S. government report, 36 states are already facing water shortages or will be facing water shortages within the next few years.

#15 Lake Mead supplies about 85 percent of the water to Las Vegas, and since 1998 the level of water in Lake Mead has dropped by about 5.6 trillion gallons.

#16 A federal judge has ruled that the state of Georgia has very few legal rights to Lake Lanier, and since Lake Lanier is the main water source for the city of Atlanta that presents quite a problem.

#17 It has been estimated that the state of California only has a 20 year supply of fresh water left.

#18 It has been estimated that the state of New Mexico only has a 10 year supply of fresh water left.

#19 Approximately 40 percent of all rivers in the United States and approximately 46 percent of all lakes in the United States have become so polluted that they are are no longer fit for human use.

#20 Eight states in the Great Lakes region have signed a pact banning the export of water from the Great Lakes to outsiders – even to other U.S. states.

Unfortunately, it is not just the United States that is facing a shortage of fresh water in the near future.  The reality is that most of the rest of the world is in far worse shape than we are.  Just consider the following stats….

-According to the United Nations, the world is going to need at least 30 percent more fresh water by the year 2030.

-Global demand for fresh water tripled during the last century, and is now increasing faster than ever before.

-According to USAID, one-third of the people on earth will be facing severe or chronic water shortages by the year 2025.

-Of the 60 million people added to the cities of the world each year, the vast majority of them live in deeply impoverished areas that have no sanitation facilities whatsoever.

-It has been estimated that 75 percent of all surface water in India has been heavily contaminated by human or agricultural waste.

-Sadly, according to one UN study on sanitation, far more people in India have access to a cell phone than to a toilet.

-Every 8 seconds, somewhere in the world a child dies from drinking dirty water.

Due to a lack of water, Saudi Arabia has given up on trying to grow wheat and will be 100 percent dependent on wheat imports by the year 2016.

-Each year in northern China, the water table drops by an average of about one meter due to severe drought and overpumping, and the size of the desert increases by an area equivalent to the state of Rhode Island.

-In China, 80 percent of the major rivers have become so horribly polluted that they do not support any aquatic life at all at this point.

-In sub-Saharan Africa, drought has become a way of life.  Collectively, the women of South Africa walk the equivalent of the distance to the moon and back 16 times a day just to get water.

It has been said that “water is the new gold”, and unfortunately we are getting close to a time when that may actually be true.

Without water, none of us could survive for long.  Just try not using water for anything for 12 hours some time.  It is a lot harder than you may think.

We can’t grow our food in a pile of dust.  Unfortunately, many areas of the heartland of America are slowly but surely heading in that direction.

History tells us that it is only a matter of time before dust bowl conditions return to the central United States.  We have used irrigation and other technologies to delay the inevitable, but in the end it cannot be stopped.

Let us hope that the return of dust bowl conditions can be put off for as long as possible, but let us also prepare diligently for the worst.

— The Economic Collapse Blog

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6 Things That Can Make or Break The Stock Market In 2018

Credit Suisse is out early with its forecasts for US stocks and the economy next year, and they are bullish. 

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Credit Suisse is out early with its forecasts for US stocks and the economy next year, and they are bullish.

The firm’s equity strategists see the S&P 500 rising to 2,987 by year-end, implying an annualized gain of about 11%. They forecast earnings-per-share growth of 6% to 7% over the next two years, from $130 this year to $147 in 2019.

“Our market views are predicated on a supportive economic backdrop, with benign recessionary risks and a pickup in near-term indicators,” said the US equity strategists led by Jonathan Golub, in a note on Tuesday. “While we expect more muted longer-term growth, this has focused corporations on cost containment and the return of capital to shareholders, extended the business cycle and lowered discount rates.”

Credit Suisse is also betting on the continued outperformance of favored sectors in 2017. The tech sector remains the team’s favorite even though it’s expensive relative to earnings. And, they expect financials to outperform due to deregulation.

“Our forecasts are built upon the most historically important drivers of corporate profits and stock prices,” Golub wrote. “That said, many things can alter the market’s path over the near term.”

Trump policy

Trump policy

Andy Kiersz/Business Insider

The group of stocks that would benefit the most from a corporate-tax cut surged after the election but slid only until recently. This suggests investors were doubtful about President Donald Trump’s plan.

“We expect that the proposed tax plan will be difficult to pass, or will have less of an impact than hoped for,” Golub said.

“While we believe that the market would initially applaud such actions, we anticipate that the investment conversation would quickly shift toward higher potential deficits and wage inflation, both negatives for stocks.”

New Fed leadership

Trump said two weeks ago Friday that he would make an announcement on who will lead the Fed after Chair Janet Yellen’s term ends in February. He is reportedly considering policy hawks including Kevin Warsh and John Taylor.

“We believe that there are two key issues surrounding Yellen’s replacement that could unsettle the market: (1) a change in the perceived independence of the Fed, and (2) an end to the period of uber-dovish policy.”

Volatility

Stocks have historically rallied when the CBOE Volatility Index is very low.

“Market volatility has been extremely low throughout the recovery, with the VIX currently reading 9.7,” Golub said. “This has led many pundits to characterize investors as complacent and the market vulnerable to a pullback. We disagree with these assertions.”

Currency

Currency

Credit Suisse

The trade-weighted dollar has slumped 9% this year.

“Our work indicates a 10:1 ratio between currency moves and corporate profits (in the opposite direction). Unfortunately, the dollar’s move is much more muted when measured on a year-over-year basis [-3.3%], and is therefore a much smaller consideration in our forecasts.”

North Korea

North Korea

Credit Suisse

The concern is not a North Korean attack — which investors aren’t expecting — but what happens if the US government punishes one of its major trading partners: China.

“While such actions would likely be targeted, with little economic impact, they have the potential to escalate, disrupting global growth.”

The chart shows that the recent improvement in China’s economy has benefitted US companies.

Hurricanes

The impact of Hurricanes Irma and Harvey, and the recovery efforts, will skew many economic indicators over the next few months.

“Separately, we would not be surprised to see some companies using these natural disasters as an opportunity to conveniently take write-downs,” Golub said.

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Is White-Collar Crime a Threat to Wall Street?

The stock market has had nightmares in the past and we cannot rule that out from happening again in the future, not even with the introduction of new financial regulation policies designed to prevent a financial crisis like the one witnessed in 2008-09.

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The stock market has had nightmares in the past and we cannot rule that out from happening again in the future, not even with the introduction of new financial regulation policies designed to prevent a financial crisis like the one witnessed in 2008-09.

While only one person, Credit Suisse (NYSE:CS) executive Kareem Serageldin, was convicted in relation to the global financial crisis of 2008, investigations over the years have revealed  there probably should have been more. According to findings, the financial crisis of 2008 had more to do with white-collar crime than a natural market meltdown.

The biggest issue when it comes to white-collar crime however, especially in securities fraud, is there are a lot of gray areas. Since markets are unpredictable, it has often proven difficult to pin these malpractices on individuals.

In most cases, the company, its shareholders and even employees are the ones who suffer the consequences.

For instance, in a Financial Times feature on Eric Ben-Artzi, the Deutsche Bank (NYSE:DB) whistleblower who exposed the bank’s improper accounting practices, the bank’s former risk management officer accused the SEC of performing a disappointing investigation. Ben-Artzi actually turned down the $8.25 million offered to him by the SEC for his role in exposing the company.

In the article, Ben-Artzi argues that by forcing the bank to pay $55 million rather than prosecuting the individuals involved in the crime, the SEC had allowed top executives at the bank to retire with “multimillion-dollar bonuses based on the misrepresentation of the bank’s balance sheet.” On the flipside, the bank’s shareholders and general employees ended up suffering the consequences as they were forced to bear the burden of their managers’ accounting treachery.

This is a clear example of what happens when things go wrong in these so-called “too big to fail” companies. Top executives who are often at fault for planning and executing such malpractices are also deemed “too big to jail,” thereby transferring the burden to the company, the shareholders and rank-and-file employees. This happens on Wall Street, in multinational institutions and even within the confines of government parastatals.

According to Vikas Bajaj, a criminal defense attorney who regularly defends people accused of white-collar crimes, corporate fraud is often pinned on the wrong victims and at times can “devastate personal and professional life for a very long time, making it difficult to secure employment, rent a home, secure a government student loan or obtain a professional license.” However, gathering the right evidence and speaking to the right people can help to strengthen the defense, while getting a white-collar crime defense attorney can ensure the true story emerges, thereby protecting the rights and the future of the accused, notes Bajaj.

But as we have seen, investigators do tend to go for the least protected individuals when it comes to white-collar crime. This does not rectify the long-term impact on the company in question and we have witnessed many companies go down the drain due to major financial malpractices.

While most people view corporate fraud as any practice that wrongly represents the financial position of a company or anything that results in money being lost without a trace, sometimes ignorance and negligence can amount to white-collar crime. For instance, banks are mandated to perform thorough credit checks before issuing loans to individuals and businesses. Yet, defaults from loans and mortgages are what fueled the magnitude of the 2008 global financial crisis.

In short, lenders did not do their homework before issuing loans. It was high-risk lending fueled by the then-booming housing market, which was shortly followed by several credit defaults and then the global financial crisis. While various financial regulations like the Dodd-Frank Act and Basel III Rules have since been introduced to avert the possibility of another financial crisis triggered by the banking sector, accounting misrepresentation like in the case of Deutsche Bank could end up taking the market back to those dark times.

Had it not for Ben-Artzi, who knows whether the malpractice at Deutsche Bank would ever have been uncovered? Who knows how many more companies are doing the same thing on Wall Street? According to World Finance‘s Emily Cashen, “the same reckless behavior behind the 2008 global crash continues to run rampant on Wall Street and unless this vicious cycle can somehow be broken, the global banking system may spiral into fresh disaster.”

Conclusion

White-collar crime on Wall Street is real and could be one of the biggest undetected threats the financial markets could be facing. The various regulatory bodies tasked with the responsibility of investigating and prosecuting the individuals responsible seem to be reluctant to do so on the belief of some being “too big to jail.” Often, the innocent and defenseless end up bearing the burden of their managers’ crimes, losing their jobs and even being put behind bars.

Disclosure: I have no positions in any stocks mentioned in this article.

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Is It Wrong To Question The Official Story When Tragedy Strikes?

Of course, when there is news, it should be reported. Today it is reported sensationally, as entertainment. Is it meant to inform, or induce?

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via The Daily Bell

The media says, “Jump.” And the public responds in unison, “How high?”

“As high as you ever have jumped before, except maybe after 9/11, or the Kennedy assassination.”

Of course, when there is news, it should be reported. Today it is reported sensationally, as entertainment. Is it meant to inform, or induce?

Which came first, the media’s obsession with violence, or the public demand for violence? In the 1990’s as violent crime in America dropped, the media filled more and more time slots with stories about violence.

By the end of the 90’s the public was clamoring for the government to do somethingabout what they assumed was a rising trend in violent crime.

Was that orchestrated? The government certainly benefits from a hysterical public begging them to help. It certainly gives the government an important role in the daily life of an average citizen. But this alone doesn’t mean that it was a conspiracy. Acknowledging that the government benefitted from the media’s overreporting of crime is not the same as suggesting the government actively pushed the media to do so.

But why not wonder? Exercise those thought processes.

It is a known fact that thousands of journalists were at one time on the payroll of the CIA. It was called Operation Mockingbird, and agents would place false stories in publications like the New York Times, and Time.

So when it comes to the case of the fake 90’s crime wave, it makes sense to wonder if a similar program still exists. The courts have ruled that FBI agents can legally impersonate journalists in the course of an investigation.

Do we need to discover the actual program in order to speculate? Well, I certainly wouldn’t say that it is happening without knowing for sure. But we can acknowledge a historical fact and draw a parallel between that and a similar contemporary trend. In such circumstances, it makes sense to be skeptical.

Either way, we shouldn’t fall prey to the media’s manipulations about such things, regardless of the catalyst. So why not remind people that in the past, lies from the government shaped public opinion?

But there are some cases when questioning, wondering, and speculating is considered downright wrong.

When it is most important to speak freely, you can’t.

How do I walk the line between my inherent mistrust of the government media complex and sincere compassion and empathy for victims of tragedy?

Is it wrong to question official narratives after a tragic event? Is it disrespectful to wonder if there isn’t more to the story? Should I censor myself to avoid appearing insensitive, when I want to talk about inconsistencies in the media tale, or the motives that various groups could have to lie about such events?

I think it is especially important to be able to talk freely when it comes to tragedy. The more potential an event has for exploitation, the more possibilities should be explored.

If we are conditioned to hold our tongues, to suppress our curiosity and skepticism when it comes to tragedy, then the worst actors in any given situation win. Those in power need only create a tragedy, and it becomes impossible to question the official narrative. Otherwise, you are disrespectful and uncaring.

When someone is gravely wounded, you don’t slap a band-aid over it. You’ve got to clean out the wound. And that hurts in the moment. But in the long run, it is necessary to prevent infection.

We should wonder if 9/11 was a false flag attack. I don’t think it is disrespectful to the victims to do so. I think it would be more disrespectful to unquestioningly believe the official story. The official story comes from the people who have the most to gain.

Did the terrorists who carried out the attack on the twin towers have anything to gain? Well maybe if they believed the whole 72 virgins thing. But in real life, they died. Suiciding bombing is a thing that people do, however, so it certainly can’t be ruled out.

Did Osama Bin Laden have a lot to gain? Well again, it is tough to understand the motivation of terrorists. Apparently, they think killing innocent people accomplishes something. But now he is dead.

And what about the official storytellers, the ones who investigated, and revealed the true culprits behind 9/11?

Their gains remain. They gained the power to easily declare wars and conduct military operations. Money was poured into the defense budget. Agencies like Homeland Security and the TSA sprang into existence.

Attention was diverted from missing money at the Pentagon. The PATRIOT Act was passed. Due process was no longer a concern.

“Mission Accomplished” in Iraq; the glory of killing Bin Laden. The public became desensitized to war. America helped toppled regimes in Libya and Egypt, and support a civil war in Syria.

These things alone don’t prove anything. But it looks awfully suspicious. The ones who we rely on for information about what happened had the most to gain from the attack. They are the ones who will “solve” the problems.

It is a conflict of interest even if the official story is true. It just so happens that their recommendations on the best course of action were the very things that would grow their power, expand their budget, and swell their ranks.

Again we have a historical fact to turn to for comparison. The Joint Chiefs of Staff under Kennedy floated the idea of carrying out a false flag against American citizens to get them involved in a war with Cuba. It was called Operation Northwoods. Kennedy told them if they ever mentioned the idea of murdering innocent Americans again, he would have them tried for treason.

Well, we all know what happened to Kennedy, but that is a whole rabbit hole of its own. What we know for sure, is that as early as the 1960’s people in the U.S. government wanted to commit false flag attacks against Americans to provoke war. And the leader most vehemently opposed was assassinated.

Incidentally, the Kennedy Administration approved of Operation Mockingbird.

May I Speak Freely?

I want to wonder, and I want to speculate. I get as angry and sad as anyone else with a properly developed conscience when horrible things happen. I want those responsible held accountable. And it is against my skeptical nature to accept an official story without digging for more evidence. Horror does not paralyze my desire to question the official narrative and wonder about inconsistencies.

One thing that strikes me about all of the mass shootings of the past few years, is the great diversity in location and venue.

A college in Virginia. An elementary school in Connecticut. A mall in Washington. A nightclub in Florida. A church in North Carolina. A movie theater in Colorado. A political meet and greet in Arizona. The streets of California. A concert on the Vegas strip.

If someone wanted to strike fear into the hearts of Americans, they could not have chosen a better range of targets. The message would be whatever place you live, wherever you go in public, whatever your age, job, or social status, you are not safe.

Maybe that is the truth. And maybe it is random.

We are told these were all carried out by lone a lone gunman–or a married couple in one case.

But why are there so often witness reports of a second gunman? Could it be chalked up to confusion?

The victims tragically lost their lives. Their families lost loved ones, which will impact them for the rest of their lives. The American people lose their sense of security and their rights. Relationships deteriorate as bitter disagreements turn personal, blame abounds, fingers point, defenses go up.

And after so many tragedies, the culprit is left dead. Is that justice?

Who benefits? The dead guy on the 32nd floor?

The Democrats who want gun control? The Republicans who want militarized police? The media who get a bump in ratings? The Generals who want war? A government that “never let(s) a good crisis go to waste”?

I want this madness to stop. We know how the media wants it to play out. They will get their ratings with division and bitter disagreement. The government always gets more power, more relevance, more opportunity to insert itself into the everyday lives of Americans.

That is why it is so necessary to look deeper, to ask those tough questions that we don’t even want to consider as a possibility. We can’t sit by silently wondering if we are being told the truth or fed lies. It is not disrespectful to question the official story. It would be a miscarriage of justice to accept it without protest, as we are told is what should be done in times of crisis.

The only other option is to play into the hands of the media and government, whether they be orchestrators or opportunists. When we replay the same old arguments and put forth the same stale solutions, when we look to them for information and solutions, they win.

Question everything. Clean out the wounds. It may hurt to get in there deep. But if we don’t, the infection will grow and fester, as it always has before.

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