Massive Volcanic Eruption Is Making Iceland Grow : The Two-Way : NPR: so far, this eruption isn’t spectacularly violent. It is a rift eruption but these are quite dangerous in serious ways. Namely, they can go on and on and on for years, decades and centuries. A number of Great Extinctions are directly caused by rift events such as the Siberian Traps or the Decca Traps. The gases put out by volcanoes have a very strong influence on climate and the rift events can change the climate in catastrophic ways and pays zero attention to feeble human demonstrations demanding ‘climate stability’.
Iceland is a hot spot right on the rift valley in the Atlantic Ocean and has many volcanos many of whom are quite active. The French Revolution followed a major volcanic event 200 years ago which destroyed the crops and led to food riots, for example. As it is, this cold summer will be colder if there is a major eruption.
European Central Bank Commits to Low Rate and the Bank of England hints policy to remain loose: the dollar is up against trade partner currencies as the status quo for the present global trade (i.e.: ONE WAY) continues. Japan showed that the US would allow this so all the rest are doing the same. Since the Snowden revelations, our trade partners have all backed down and gave only lip service to the idea that they are sovereign nations, yapping about how the US shouldn’t spy on them…only to resume business as usual. And the key to all this is the gigantic US trade deficit with all our ‘allies’ as well as everyone else. So long as this is allowed, everyone will let the US spy on them.
As Hillary Clinton wraps up her beg-a-thon marathon in Asia, I go insane and begin yelling about stupid US diplomacy, free trade madness and how this whole collapse will not be fixed by band aids like more US consumer spending on imported goods or commodities. The US can’t buy its way to prosperity anymore than pigs can fly. And the mess in Iceland and other places were caused by American financiers and theorists who are all running our own government and systems. Arrest them all. Continue reading →
Seems that a newspaper played a game with some Labour Lords and they tried to sell their services. We know that DC is a whore house but the house of Lords is a whore house is a lot funnier. Alas, the declining fortunes of the Financial House of Cards in England are sad. The housing bubble was very bad there, it reached Tokyo aka 1990 levels of insanity. The banking system nearly totally collapsed last October and might actually finish doing this by next October. Continue reading →