Vatican Bank Profits Plunge Following Clean-Up

Note: While I’m not at liberty to disclose details yet, I’m seeing much movement behind the scene indicating the groundwork for an “equitable and transparent” financial system is being created to give relief and monetary assistance to the global masses. This report on the Vatican Bank is a clear indicator people at the highest levels of “the system” are diligently working to flush out the corruption and pry greedy fingers from the control mechanisms.

Just know in your heart it is already done, we just have to keep working in the NOW until we arrive at that NOW moment in time when our sovereignty has been restored. Much aloha, love and gratitude to all who are on this journey! Blessings {~A~}

Tyler Durden's picture

It seems not even The Pope’s private bank can make money when its only allowed to do it the legal way. As The FT reports, profits at the Vatican bank plunged last year after thousands of accounts were closed as part of an overhaul of the scandal-ridden institution. The Vatican bank, officially known as the Institute for Religious Works (IOR), now has 17,419 customers, down from 18,900 in 2012 and net profit fell from EUR86.6m in 2012 to EUR2.9m last year. So – in sum – accounts fell 8% and profits collapsed 97% – is it any wonder Pope Francis plans to replace the board and all the executives at the ‘bank’.

Having shut all Embassy accounts to halt money laundering, The FT reports,

Since April 2013 almost 3,000 accounts have been closed and more than 2,000 have been blocked as a result of a screening process of all the accounts held in the troubled bank.

George Pell, the Australian cardinal heading the secretariat for the economy at the Vatican, said in a statement: “This is a time of major change in the Holy See . . . we are creating simpler, more efficient structures for those serving the mission of the Catholic Church.”

The Vatican bank, officially known as the Institute for Religious Works (IOR), now has 17,419 customers, down from 18,900 in 2012.

In only the second annual report to be published, the bank announced net profit fell from €86.6m in 2012 to €2.9m last year.

Under the restructuring plan the bank, where decades of corruption and mismanagement did much to tarnish the image of the Vatican, the IOR is expected to be stripped of its powers to manage assets and return to its original purpose of sending funds to missionaries and Church groups around the world.

In a statement on Tuesday issued alongside the annual report, the bank blamed the falling profits on a rise in expenses, losses related to proprietary investments in external funds and the fluctuation in the value of gold reserves.

Cleaned-up, fully confessed and flagelated…

“We have focused on making the IOR compliant with financial regulation, safer and more transparent, so as to create options for the Holy Father to decide on the future of the Institute.

we have laid the groundwork for a new team to make the IOR a truly outstanding service provider in Catholic finance,”

* * *

Perhaps it’s time for The Holy See to look into HFT? That’s not illegal (yet).


Huge Mexican pyramid could collapse like a sandcastle

Feeling distinctly wonky <i>(Image: Harald Sund/Getty)</i>

THE Pyramid of the Sun may fall apart. One side is dry while another side is wet, which could lead to the pyramid’s collapse unless a fix can be found.

Between the 1st and 7th centuries, Mexico’s Pyramid of the Sun was at the heart of the largest city in the Americas. Now known as Teotihuacan, the lost city had a population of more than 125,000, making it one of the biggest in the world. The pyramid itself is among the largest on the planet. Its exterior is covered with 3 million tonnes of volcanic rock, but the interior is a mound of earth.

From 2010 to 2013, Arturo Menchaca of the National Autonomous University of Mexico (UNAM) in Mexico City and colleagues studied the interior of the pyramid using muons. These sub-atomic particles can pass through most materials, but are deflected when they hit denser ones. That means more muons reach the other side if an object has an internal cavity, filled with less dense air. So by tracking the paths of muons through the pyramid, Menchaca could create a 3D representation of its insides.

To do this, his team placed muon detectors under the centre of the pyramid, in a tunnel that runs beneath its base. The muons originate in space as cosmic rays, which break up into smaller particles when they pass through Earth’s atmosphere.

The team was looking for internal chambers, but none was apparent. In contrast, the nearby Pyramid of the Moon contains royal tombs.

Instead they found a problem: the density of the earth in the pyramid is at least 20 per cent lower on one side than the other. “The pyramid is at risk of collapsing if something isn’t done,” says Menchaca. He presented his results at a conference on Teotihuacan at UNAM last month.

Menchaca believes the difference is caused by the south side drying out. He compares the pyramid to a sandcastle on a beach. “I can use slightly moist sand to make a sandcastle,” he says. “If I leave it exposed to the sun and touch it when it is dry, then it crumbles.”

The pyramid is “not going to collapse tomorrow”, Menchaca says. “But it is the same phenomenon we observe in the subsoil of Mexico City.” Mexico’s capital is built on a dried-out lake, and every year the city sinks by tens of centimetres as water is extracted from aquifers beneath it.

Opinion is divided on how to save the pyramid. Menchaca suggests wetting the dry side.

But the real problem may be excess water, not dryness, says Alejandro Sarabia, the site director at Teotihuacan. “Decades ago, cement was added between the covering stones. This added stability and hindered the growth of vegetation,” he says. “On the other hand, it prevents evaporation of damp created by water seeping through gaps.”

Sarabia says archaeologists are now replacing the cement with more suitable materials like river sand.

The Story of Our Enslavement

For those of you that have followed my writings for the past 7 years on my blog, theUndergroundInvestor, you are well aware that I have been advocating conversion of the majority of fiat currency savings into physical gold and physical silver as a means of combating the system of financial enslavement that the bankers have tried to impose upon the people in every country around the world. The bankers are now entering the second phase of their enslavement through the imposition of austerity measures on people that can least afford this imposition. Though we, at SmartKnowledgeU, have been advocating the purchase of physical gold and physical silver since the mid-2000s as a means of destroying the monetary slavery system of the global bankers, very few of those that have read my arguments still understand why this is a viable approach to gaining freedom from the control of bankers. Thus, I have often thought about alternate ways to explain my arguments that may be easier for the masses in general to digest and grasp. At times, I have even provided short discourses that only deal with psychological enslavement in an attempt to free people’s minds from Central Banking propaganda that continues to enslave them (see my videos about ideological subversion below).

How Ideological Subversion Enables Financial Fraud, Part I

How Ideological Subversion Enables Financial Fraud, Part II

How Ideological Subversion Enables Financial Fraud, Part III

This week, I happened to stumble upon a video that I believe may be very helpful in convincing those people that have refused to open their minds to any of the views I have presented over the past 7 years, that they may indeed be engaging in destructive behaviors that are obedient to the very slave masters that they profess to fight. Interestingly enough, many objections to the truth that I’ve disseminated over the past 7 years, and the consequent faulty rationalizations of these objections, are presented and explained in the video below. I have outlined some of the most salient points of the below video, titled “The Story of Your Enslavement” in the numbered list below.

The Six Steps To Achieving Absolute Financial Enslavement of the People

(1) Indoctrinate the young through “government” education. To understand this fully, please visit this link and read Charlotte Iserbyt’s “The Deliberate Dumbing Down of America” before this website is removed. Charlotte Iserbyt was a former Senior Policy Advisor at the US Department of Education turned whistleblower.

(2) Turn citizens against each other through the creation of “livestock” dependent upon their masters. Keep the livestock happy by presenting to them charades like fake illusions of choice in the form of national elections every 4-6 years. Use these fake illusions of choice to foster as much animosity among the livestock as possible. Foster fake concepts of freedom and pride like “nationalism” to divide and conquer. See the second video at the bottom of this page for more explanation.

(3) Get the cows to attack each other whenever anyone brings up the reality of their situation. See point (2) to understand how to turn the livestock against one another. Divide and conquer. Divide and conquer. Divide and conquer. Convince people to bicker amongst each other about inconsequential matters such as fake divisions of polticial parties, loyalty to governments and nations instead of loyalty to morality and truth, and so on and so on. Accomplish this, and it will become unnecessary to spend significant money to control the cows and livestock.

(4) Ensure that the cows that have become dependent upon the stolen largesse of the farmers (Presidents, Prime Ministers, Parliaments, Congress, and at the top, world bankers and Central Bankers) will violently oppose any questioning of the virtue of human ownership. Dupe the intellectual and artistic classes, always and forever dependent upon the farmers, to admonish anyone that demands freedom from ownership, with the mantra: “You will harm your fellow cows!” to shame those that fight for freedom back into the feed line to keep eating their GMO foods and internalizing force-fed propaganda.

(5) Keep the livestock enclosed in the cages and unable to challenge the power of the farmers by shifting the moral responsibility for the destructiveness of the violent system to those that demand real freedom. See points (2) and (3) to understand why the cows will never ever unite to fight the farmers.

(6) Invent continual external threats to ensure that the frightened livestock cling to the protection of their farmers (i.e. the never-ending, poltically and financially, but not morally, motivated War on Drugs and War on Terror) and will continue to oppose any of their fellow cows that demand freedom from the farmers.

If you are one of those people that has never agreed with anything I’ve ever said for the past 7 years about the necessity of owning physical gold and physical silver as a means of attaining freedom from the money masters that control this world, then please watch the below video as I am sure that it will change the minds of some of the people, that up until now, have been unwilling to consider reality.

Submitted by DP 11/24/12

Economic Tyranny ~ Max Igan on Surviving the Matrix 4/13/12

Published on Apr 13, 2012 by

Max Igan – Surviving The Matrix – April, 13th, 2012

Universal Law trumps all others.

1. No man or woman, in or out of government shall initiate force, threat of force or fraud against my life and property and, any and all contracts I am a party to, not giving full disclosure to me, whether signed by me or not, are void at my discretion.

2. I may use force in self-defense against anyone that violates Law 1.

3. There shall be no exceptions to Law 1 and 2.

“When the tyrant has disposed of foreign enemies by conquest or treaty and there is nothing to fear from them, then he is always stirring up some war or other, in order that the people may require a leader” – Plato


Krugman: This is a Depression

By bobswern, DailyKos
Posted on December 12, 2011, Printed on December 12, 2011

Over the past year, I’ve seen these words posted by many of the FP’ers here, and they are thus: “It’s sad to see what passes for happy news about our economy these days.” IMHO, folks are grabbing at straws. Frankly, I get the sense from some that it’s bordering on (wilted) “green shoots” déjà vu. Those talking points didn’t work for our Party in 2010, and they sure as hell won’t do the job for us in 2012.

Perhaps, as Paul Krugman notes in Monday’s NY Times (and if you read the collective commentary of some of the better-known economic pundits in the MSM over the past 48 hours), we really are teetering on the abyss.

Many important opinion pieces on these inconvenient economic realities have been published over the past couple of days. Phenomenal in their succinct and elegantly simple observations of fact, I’m  providing links to them, down below. They speak for themselves. Taken together, they provide us with the over-arching narrative on much of what is wrong within our global society, today; and, here in the U.S., where many of our international economic woes began.

Two pieces stand out as bookends to these truths, however. First, as Kossack La Feminista noted in her post here less than 24 hours ago, covering a column in the (UK) Independent by Robert Fisk: “Bankers are the dictators of the West.”

The other bookend to this weekend’s enlightening narrative/commentary appears in Monday’s NY Times, by none other than Paul Krugman, in: “Depression and Democracy.” The opening sentence pretty much says it all…



It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.

On that last point, I am not being alarmist. On the political as on the economic front it’s important not to fall into the “not as bad as” trap. High unemployment isn’t O.K. just because it hasn’t hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.Let’s talk, in particular, about what’s happening in Europe — not because all is well with America, but because the gravity of European political developments isn’t widely understood.

Bold type is diarist’s emphasis.

Krugman discusses the rise of authoritarian rule in Hungary, and he closes with a warning — one which certainly resonates here in the U.S. today, too — economic unrest breeds political unrest..

He states: “…it’s a sample of what may happen much more widely if this depression continues.”
Krugman notes that Europe’s leaders must try to halt the authoritarian slide in Hungary “…or [they] risk losing everything they stand for. “

The Nobel laureate closes with the following warning…

…they also need to rethink their failing economic policies. If they don’t, there will be more backsliding on democracy — and the breakup of the euro may be the least of their worries.

For many years, much to the chagrin of some in this community, I’ve been saying that the biggest tactical mistake the Obama administration made (and, to some extent, continues to make, even when they make occasional pronouncements to the contrary) was when they decided to not use the “D”-word (with regard to the shambles that were left behind for the current administration to address) from the very first day they took office. Tonight, as noted in a highly-rec’d diary in the community, the Party line—and as Morgenson also notes in Sunday’s NY Times, the media’s beginning to get the semblance of a clue, as well–is changing. But, don’t look too closely, because you’ll see that many/most of the same people that were managing the economy when Bush was in office are (still) at the helm, today.

Morgenson and NY Times Editor Eduardo Porter also authored two outstanding columns (in-between Fisk’s and Krugman’s “bookends”), this weekend, about the basic realities that, given record-breaking U.S. income inequality and the reality that our nation’s too-big-to-fail banks are bigger now than they’ve ever been, our economy—and our very way of life–is more at risk now than ever.

Read together (and while this certainly is NOT news to many reading this), these four pieces by Fisk, Porter, Morgenson, and Krugman, all appearing within the MSM in the past 48 hours, serve as a wake-up call: The very fabric of our society—both nationally and globally, as we’ve known it–is at risk.

First, here’s Fisk:

…The banks and the rating agencies have become the dictators of the West. Like the Mubaraks and Ben Alis, the banks believed – and still believe – they are owners of their countries. The elections which give them power have – through the gutlessness and collusion of governments – become as false as the polls to which the Arabs were forced to troop decade after decade to anoint their own national property owners. Goldman Sachs and the Royal Bank of Scotland became the Mubaraks and Ben Alis of the US and the UK, each gobbling up the people’s wealth in bogus rewards and bonuses for their vicious bosses on a scale infinitely more rapacious than their greedy Arab dictator-brothers could imagine.I didn’t need Charles Ferguson’s Inside Job on BBC2 this week – though it helped – to teach me that the ratings agencies and the US banks are interchangeable, that their personnel move seamlessly between agency, bank and US government. The ratings lads (almost always lads, of course) who AAA-rated sub-prime loans and derivatives in America are now – via their poisonous influence on the markets – clawing down the people of Europe by threatening to lower or withdraw the very same ratings from European nations which they lavished upon criminals before the financial crash in the US. I believe that understatement tends to win arguments. But, forgive me, who are these creatures whose ratings agencies now put more fear into the French than Rommel did in 1940?

Why don’t my journalist mates in Wall Street tell me?

…The Arabs have at least begun to shrug off this nonsense. But when the Wall Street protesters do the same, they become “anarchists”, the social “terrorists” of American streets who dare to demand that the Bernankes and Geithners should face the same kind of trial as Hosni Mubarak. We in the West – our governments – have created our dictators. But, unlike the Arabs, we can’t touch them.

And, here’s Pulitzer Prize-winner Gretchen Morgenson, from Sunday’s NY Times: “The Fattest or the Fittest?

ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if they become troubled — behemoths like Citigroup, Bank of America or Wells Fargo — have grown only larger in recent years. Efforts to pare down these banks have met well-financed resistance among policy makers.

She notes that “…reducing the perils of gargantuan institutions — and the threat to taxpayers — is an idea that seems to be taking hold in Washington. To be sure, the army arguing for change is far outgunned by the battalions of bankers and lobbyists working to maintain the status quo. But some combatants seeking reform believe they are making headway.”

Exemplifying this new development, Morgenson points to Richard W. Fisher, the president of the Dallas branch of the Federal Reserve.

In a speech last month he described, quite colorfully, the problems of these unwieldy institutions and the regulatory ethic “that coddles survival of the fattest rather than promoting survival of the fittest.” Bank regulators should follow the lead of the health authorities battling obesity rates among our population, he said, adding that he favored “an international accord that would break up these institutions into more manageable size.”This is a banker talking, not a member of the Occupy Wall Street drum circle…

(More from Morgenson in a moment.)

In his NY Times’ “Sunday Observer” editorial, Eduardo Porter talks of “The 1 Percent Club’s Misguided Protectors.”

The Republican right is pushing back hard against the 99 percent movement and its focus on the widening chasm between the fortunes of the few at the summit of the income scale and everybody else…

Porter then continues to echo a theme (which he documents quite nicely with graphics—checkout his commentary, linked just a few sentences above) which, at this point, is very familiar to those in this community…

…This indifference is grounded in a proposition that has for decades dominated American debate over redistributive policies like steeper taxes for the rich: that inequality is an expected outcome of economic growth, and that efforts to tamp down inequality would slow growth down. As President Obama said in his speech in Kansas last week, this strain of thought goes back to at least the turn of the last century when “there were people who thought massive inequality and exploitation of people was just the price you pay for progress.”

(As most reading this post already know, the U.S. is currently experiencing the greatest level of income inequality between our nation’s haves and have-nots since reliable metrics [back in the nineteen-teens] were first introduced to adequately measure those statistics.)

Porter discusses International Monetary Fund (IMF) research by economists Andrew Berg and Jonathan Ostry that “…reveals the link between inequality and the sustainability of economic growth. Igniting growth is easier than maintaining it. They found that in high-inequality nations spurts of growth ended more quickly, and often in painful contractions.”
More from Porter…

…The economists found that income distribution contributes more to the sustainability of economic growth than does the quality of a country’s political institutions, its foreign debt and openness to trade, the level of foreign investment in the economy and whether its exchange rate is competitive.It’s not too hard to see why. Extreme inequality blocks opportunity for the poor. It can breed resentment and political instability — discouraging investment — and lead to political polarization and gridlock, splitting the political system into haves and have-nots. And it can make it harder for governments to address economic imbalances and brewing crises.

Porter concludes with more statistical annotation supporting the reality that “…inequality in America has soared over the last 30 years, approaching and even surpassing that in many poor countries. Today, America is an outlier among industrial nations. Its distribution of income looks closer to that of Argentina than, say, Germany.”

In his closing sentences he compares what has happened in the U.S.  economy with the…

… characteristics of boom-and-busts in less developed nations. It was triggered, in part, by 1 percenters on Wall Street persuading regulators to remove restrictions on their casino. It led workers to pile on debt to supplement falling incomes. It ended with a vast deployment of tax dollars to bail out fallen plutocrats. And our political system seems unable to deal with the aftermath.

Gretchen Morgenson spends the second half of her column discussing one Democrat who’s attempting to deal with “the aftermath,” Ohio Democratic Senator Sherrod Brown. He’s doing everything he can, in his role as the Chair of the Senate Banking subcommittee on financial institutions and consumer protection, to put a saddle on “megabank risk.”

…In April 2010, he was a co-sponsor of the Safe Banking Act of 2010 with Ted Kaufman, the former Democratic senator from Delaware. The bill, which would break up some of the largest banks by requiring caps on institution size and leverage, ran into a buzz saw of opposition from the usual suspects.But Mr. Brown soldiers on; he said in an interview on Thursday that he, too, believes the debate is changing. “We’re seeing sentiment grow on the Brown-Kaufman idea,” he said. “We are seeing some people who are pretty conservative here understanding the implicit subsidies these megabanks receive. Our goal is that senators understand this to the point of wanting to take action.”

As I’ve noted in numerous, heavily-annotated posts, the truth of the matter is, today, Wall Street is receiving an EASY $200 billion per year in stealthy/obfuscated taxpayer subsidies.

As Morgenson notes in her closing comments from Sunday, Wall Street fatcats “…are being paid for taking risks that generate lush bonuses when things go well but that require taxpayer bailouts when the tide turns. Main Street understands that this is wrong and that allowing it to continue is dangerous. It’s past time that Washington did something about it.”

As Krugman reminds us, today, our near-term and future well-being relies upon responsible government action, both here and abroad, coming to pass—not just in words but in actions–NOW.

I cannot help but get a sense that we are witnessing a massive historical failure of government, not just nationally, but globally. At then end of the day, compared to the suffering it will bring, it won’t matter who’s to blame.

We are all in this together. It may be the greatest bipartisan sentiment of all. Dare I say it…even a lot of Republicans, and perhaps a few bankers, will understand that.

© 2011 All rights reserved.
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Echoes of the Great Depression: Dow has worst Thanksgiving week since 1932

November 25, 2011NEW YORK – Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone. The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis. “Again, we’re trading on very thin volume—You’re going to have continued downward pressure over the next 30 days,” said Todd Schoenberger, managing director at LandColt Trading. “It’s very difficult to be long this market because you have so many issues—there’s more potential for negative headlines than positive ones.” In Europe, S&P downgraded Belgium one notch to AA from AA-plus, further underscoring worries over the euro zone debt contagion. Earlier, EU officials said euro zone member states were discussing dropping private sector involvement from the permanent bailout mechanism. An Italian T-bill auction offered a fresh indication of investors’ lack of confidence in the country’s newly-appointed government and broader fears that the euro zone debt crisis cannot be contained. Yields shot up to new euro era highs. –CNBC  excerpt
Do not pass go- do not collect $200: The financial system that underpins the Eurozone is, itself, unraveling. A slew of downgrades by Western rating agencies leveled at sovereign countries have made the risk of borrowing in the face of rising bond yields that much riskier. This week, Portugal credit rating was slashed to junk status by Fitch. Similarly, this week, Hungary was downgraded to junk by Moody’s. Today, the hammer also fell on Belgium as its credit rating was downgraded by Standard & Poor from AA+ to AA. France could be next and still more nations like the UK could follow where debt to GDP ratio is already pushing 65%. It goes without saying that there are inertia forces at work, whether by design or circumstance, to unravel the financial skeleton whereby European countries swap loans between each other and trade debts to service the Euro. –The Extinction Protocol
Financial doomsday looms for 2012: The good news is that if we get through 2012 without the financial collapse of a big bank or a Eurozone government, our economy will probably muddle through, flatlining rather than falling back into acute recession. The bad news is that 2012 is the year of greatest risk that a bloated bank or over-extended government will be unable to repay its debts – because it is a year when a frightening volume of the loans that were taken out in the boom years fall due for repayment. In private equity, for example, much of the money that was borrowed to finance the buyouts of big companies from 2005-7 has to be paid back in the coming year. In practice, it would mean replacing old debts with new debts – borrowing new money to repay existing creditors. That said, the amount of debt maturing for private-equity owned companies pales into insignificance compared with the debts of banks that have to be repaid or refinanced in 2012. –BBC 
Spain is crumbling: No one has grasped yet the seriousness of where this crisis is at. For all practical purposes, Spain is already in a depression. Spain’s unemployment rate is already 22%- 3 points from the peak high seen in the U.S. during the Great Depression in 1933: “From an estimated annual rate of 3.3 percent during 1923-29, the unemployment rate rose to a peak of about 25 percent in 1933.  The economy reached its trough in 1933; but although unemployment had reached its peak, economic recovery was slow, hesitant, and far from complete.”  In 1930 the unemployment rate was 8.9 percent, or equal to today.  By 1931 it was nearly 16 percent.  Then, after peaking at nearly 25 percent in 1933, the unemployment rate slowly abated…yet it was still nearly 15 percent in 1940. 1
Spain’s mounting woes: The fact that Spain hasn’t collapsed yet, faces a record amount of sovereign debt, and has very high bond yields means unemployment could go even higher than a 30 or 35% percentile range. I don’t think anyone is quite prepared yet for adverse economic conditions where up to a full one-third of a country’s citizenry is unemployed. High unemployment was just one characteristic of the Great Depression of the 1930′s- we are already starting to see others. On November 21, (the same day this video aired) the Bank of Spain took over Banco de Valencia, making it the latest casualty of the collapse in Spain’s property boom and the first retail bank to seek a bailout. Since the start of Spain’s financial crisis, the central bank has taken control of three savings banks – CCM, Cajasur and Caja de Ahorros del Mediterraneo (CAM), which is due to be sold off in auction by mid-December. There may be three other banks teetering on the brink.  –The Extinction Protocol

London trader predicts market will crash and bank savings will disappear – BBC video

Anyone who studies American history at the time of the Great Depression it’s almost like someone used what happened then as a guidebook to leading the country and the world into the next great Depression.

Ocean life facing mass extinction: study


Global warming, overfishing, and other man-made problems are pushing life in the oceans to the brink of a mass extinction unprecedented in millions of years, a study showed on Tuesday.


The seas are degenerating far faster than anyone has predicted, said the study of a 27-expert-panel. “We now face losing marine species and entire marine ecosystems, such as coral reefs, within a single generation.”The study to be presented to the United Nations was conducted by leading marine scientists who were brought together in Oxford earlier this year by the International Programme on the State of the Ocean (IPSO).

The study found out that time was running short to counter hazards such as a collapse of coral reefs or a spread of low-oxygen “dead zones.”

The study said, “Unless action is taken now, the consequences of our activities are at a high risk of causing, through the combined effects of climate change, over-exploitation, pollution and habitat loss, the next globally significant extinction event in the ocean.”

Scientists list five mass extinctions over 600 million years — most recently when the dinosaurs vanished 65 million years ago, apparently after an asteroid struck. Among others, the Permian period abruptly ended 250 million years ago.

“The findings are shocking,” Alex Rogers, scientific director of IPSO, wrote of the conclusions from a 2011 workshop of ocean experts staged by IPSO and the International Union for Conservation of Nature (IUCN) at Oxford University. (Agencies)


Tepco Official Admits Radioactivity too high to Measure!

News coming out of Japan concerning Fukushima is not good, links and video to various story’s below.

Building housing reactor 4 in danger of collapsing

Quake Shifted Japan; Towns Now Flood at High Tide

Mon, 09 May 2011 16:05 CDT
Associated Press
japan Ishinomaki tidal flooding

© Associated Press
Residents stroll in a flooded street in Ishinomaki, Miyagi Prefecture, Japan. The area in this part of the city sunk nearly 2 feet 7 inches (0.8 meter) following the March 11 earthquake and tsunami.
When water begins to trickle down the streets of her coastal neighborhood, Yoshiko Takahashi knows it is time to hurry home.Twice a day, the flow steadily increases until it is knee-deep, carrying fish and debris by her front door and trapping people in their homes. Those still on the streets slosh through the sea water in rubber boots or on bicycle.

“I look out the window, and it’s like our houses are in the middle of the ocean,” says Takahashi, who moved in three years ago.

The March 11 earthquake that hit eastern Japan was so powerful it pulled the entire country out and down into the sea. The mostly devastated coastal communities now face regular flooding, because of their lower elevation and damage to sea walls from the massive tsunamis triggered by the quake.

In port cities such as Onagawa and Kesennuma, the tide flows in and out among crumpled homes and warehouses along now uninhabited streets.

A cluster of neighborhoods in Ishinomaki city is rare in that it escaped tsunami damage through fortuitous geography. So, many residents still live in their homes, and they now face a daily trial: The area floods at high tide, and the normally sleepy streets turn frantic as residents rush home before the water rises too high.

“I just try to get all my shopping and chores done by 3 p.m.,” says Takuya Kondo, 32, who lives with his family in his childhood home.

Most houses sit above the water’s reach, but travel by car becomes impossible and the sewage system swamps, rendering toilets unusable.

Scientists say the new conditions are permanent.

Japan’s northern half sits on the North American tectonic plate. The Pacific plate, which is mostly undersea, normally slides under this plate, slowly nudging the country west. But in the earthquake, the fault line between the two plates ruptured, and the North American plate slid up and out along the Pacific.

Read more here:

Dire warnings about the month of March 2011, Comet Elenin or Nibiru

Don’t usually give predictions much credence but there sure are some interesting warnings floating around about March.

The next two videos talk about a comet Elenin, possibly Nibiru that’s expected to cross over the ecliptic plane in March, the resulting gravitational pull is alleged to cause a pole shift when the sun aligns with the earth.  If you haven’t already researched Nibiru and the existence of large planetary objects in and around our solar system, I highly advise doing so because there’s a lot going on we weren’t taught in school.