fufor's unregelmässige news

International experts foresee collapse of U.S. economy - Very Great Depression Predicted
28. Febr. 2008

And you thought that I had a gloomy outlook on the economy. Now the bad news pops up everywhere.

Harry Koza in the Globe and Mail quotes Bernard Connelly, the global strategist at Banque AIG in London, who claims that the likelihood of a Great Depression is growing by the day.

Martin Wolf, celebrated columnist of the U.K.-based Financial Times, cites Dr. Nouriel Roubini of the New York University's Stern School of Business, who, in 12 steps, outlines how the losses of the American financial system will grow to more than $1 trillion - that's one million times $1 million. That amount is equal to all the assets of all American banks.

Every day now, thousands of people all over the U.S. and Great Britain are walking away from their homes - simply mailing their house keys to the banks - as housing bailout plans fail.

With unemployment growing, the next phase will hit commercial real estate making the financial institutions the unwilling owners not only of quickly depreciating houses, but also of empty strip malls and even larger shopping centres.

The next domino to fall will be credit card defaults, and after that... who knows? There are so many exotic funds out there, with trillions of dollars in paper - or rather computer-screen money - all carrying assorted acronyms, and all about to disintegrate into nothingness. Over the next couple of years, scores of banks that have thrived on these devices, based on quickly disappearing equities, will fail.

The most frightening forecast so far comes from the Global Europe Anticipation Bulletin (GEAB), available for 200 euros - about $300 - for 16 issues annually. Its prediction is quite specific.

Where my warnings never spelled out an exact date, this think tank has it pegged precisely. Here are its very words:

"The end of the third quarter of 2008 (thus late September, a mere seven months from now) will be marked by a new tipping point in the unfolding of the global systemic crisis.

"At that time indeed, the cumulated impact of the various sequences of the crisis will reach its maximum strength and affect decisively the very heart of the systems concerned, on the front line of which (is) the United States, epicentre of the current crisis.

"In the United States, this new tipping point will translate into - get this - a collapse of the real economy, (the) final socio-economic stage of the serial bursting of the housing and financial bubbles and of the pursuance of the U.S. dollar fall. The collapse of U.S. real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down."

The report goes on to say that we are entering a period for which there is no historic precedent. Any comparisons with previous situations in our modern economy are invalid.

We are not experiencing a "remake" of the 1929 crisis nor a repetition of the 1970s oil crises or 1987 stock market crisis.

What we will have, instead, is truly a global momentous threat - a true turning point affecting the entire planet and questioning the very foundations of the international system upon which the world was organized in the last decades.

The report emphasizes that it is, first and foremost, in the United States where this historic happening is taking an unprecedented shape (the authors call it "Very Great U.S. Depression").

It continues to predict that, although this crucial event is global, it will be the beginning of an economic 'decoupling' between the U.S. and the rest of the world. However, non 'decoupled' economies will be dragged down the U.S. negative spiral.

Concerning stock markets, the GEAB anticipates that international stocks would plummet by 40 to 80 per cent depending where in the world they are located, all affected in the course of the year 2008 by the collapse of the real economy in the U.S. by the end of summer.

The European authors of this report - it appears simultaneously in French, German and English - state that they simply and without prejudice try to describe in advance the consequences of the ominous trends at play in this 21st-century world, and to share these with their readers, so that they can take the proper means to protect themselves from the most negative effects.

So there you have it. Three reports from three different sources, all well regarded, and all pointing to a disastrous fall-out from our monetary moves.
http://tinyurl.com/2g4bx6

Mankind's secrets kept in lunar ark
March 9, 2008
Maurice Chittenden

IF civilisation is wiped out on Earth, salvation may come from space. Plans are being drawn up for a “Doomsday ark” on the moon containing the essentials of life and civilisation, to be activated in the event of earth being devastated by a giant asteroid or nuclear war.

Construction of a lunar information bank, discussed at a conference in Strasbourg last month, would provide survivors on Earth with a remote-access toolkit to rebuild the human race.

A basic version of the ark would contain hard discs holding information such as DNA sequences and instructions for metal smelting or planting crops. It would be buried in a vault just under the lunar surface and transmitters would send the data to heavily protected receivers on earth. If no receivers survived, the ark would continue transmitting the information until new ones could be built.

The vault could later be extended to include natural material including microbes, animal embryos and plant seeds and even cultural relics such as surplus items from museum stores.

As a first step to discovering whether living organisms could survive, European Space Agency scientists are hoping to experiment with growing tulips on the moon within the next decade.

According to Bernard Foing, chief scientist at the agency’s research department, the first flowers - tulips or arabidopsis, a plant widely used in research - could be grown in 2012 or 2015.

“Eventually, it will be necessary to have a kind of Noah’s ark there, a diversity of species from the biosphere,” said Foing.

Tulips are ideal because they can be frozen, transported long distances and grown with little nourishment. Combined with algae, an enclosed artificial atmosphere and chemically enhanced lunar soil, they could form the basis of an ecosystem.

The first experiments would be carried out in transparent biospheres containing a mix of gases to mimic the earth’s atmosphere. Carbon dioxide given off by the decomposing plants would be mopped up by the algae, which would generate oxygen through photosynthesis.

The databank would initially be run by robots and linked to earth by radio transmissions. Scientists hope to put a manned station on the moon before the end of the century.

The databank would need to be buried under rock to protect it from the extreme temperatures, radiation and vacuum on the moon. It would be run partly on solar power. The scientists envisage placing the first experimental databank on the moon no later than 2020 and it could have a lifespan of 30 years. The full archive would be launched by 2035.

The information would be held in Arabic, Chinese, English, French, Russian and Spanish and would be linked by transmitter to 4,000 “Earth repositories” that would provide shelter, food, a water supply for survivors.

Nasa sees light

A Nasa satellite has detected radiation emitted trillionths of a second after the big bang, the closest humans have got to directly observing the explosion that created the universe, writes Jonathan Leake.

The pattern of radiation - at 13.7 billion years, the oldest light detected - shows how the universe expanded. The results give scientists the most detailed timeline on the evolution of the universe.
http://tinyurl.com/2v8yxd