“Occupy Wall Street”: Thousands March in NYC Financial District, Set Up Protest Encampment

September 19, 2011

Demonstrators are marching on Wall Street today on the third day of a campaign dubbed “Occupy Wall Street,” which began on Saturday when thousands gathered in New York City’s Financial District. Inspired by the massive public protests in Cairo’s Tahrir Square and Madrid’s Puerta del Sol Square, hundreds have slept outside near Wall Street for the past two nights. We play a video report on the protest by Democracy Now!’s Sam Alcoff and get a live update from the streets from Nathan Schneider, editor of the blog “Waging Nonviolence.” We also speak with David Graeber, an anthropologist who participated in the activities. “If you look at who showed up [in Egypt and Spain], it was mostly young people, and most of them were people who had gone through the educational system, who were deeply in debt, and who found it completely impossible to get jobs,” says Graeber. “The system has completely failed them… If there’s going to be any kind of society worth living in, we’re going to have to create it ourselves.” [includes rush transcript]

via “Occupy Wall Street”: Thousands March in NYC Financial District, Set Up Protest Encampment.

Solar Superstorms Could Knock Out Satellites For a Decade

September 16, 2011


Artist renditions of the Van Allen Radiation Belt, a tube of charged particles (plasma) that surrounds the planet and is kept in place by Earth’s magnetic field.

Many of the orbiting satellites that are crucial to the economy and modern life could be knocked silent for up to a decade if the sun were to spew massive amounts of charged particles toward Earth, as it has in the past.

Geophysicist Yuri Shprits, of the University of California, Los Angeles, made that warning after studying how such large solar storms would affect the protective radiation belts around Earth.

Writing in the journal Space Weather, he said that Earth’s natural buffers against intense solar radiation, the Van Allen Radiation Belts, could be virtually obliterated for a decade during a solar superstorm.

Such an event happened in 1859, when radiation reached Earth’s surface and caused parts of the then-fledgling telegraphic network to spark, and even function once batteries were removed.

Such a storm today could drastically shorten the life of most low-earth-orbit satellites used for communication and navigation, Shprits warns.

And it could take up to 10 years for the planet’s protective layers to heal to the point unshielded satellites, and even electronics on Earth, would no longer be in danger.

Graphics: NASA

via Solar Superstorms Could Knock Out Satellites For a Decade.

Fractional Reserve Poverty Reaches New High

September 13, 2011

According to the Census Bureau, nearly 1 out of 6 Americans now live in poverty. From the Associated Press today: The Census Bureau’s annual report released Tuesday offers a snapshot of the economic well-being of U.S. households for 2010, when joblessness hovered above 9 percent for a second year. It comes at a politically sensitive time for President Barack Obama, who has acknowledged in the midst of a re-election fight that the unemployment rate could persist at high levels through next year….

Measured by total numbers, the 46 million now living in poverty is the largest on record dating back to when the census began tracking poverty in 1959. Based on percentages, it tied the poverty level in 1993 and was the highest since 1983.

In fact, the real unemployment figure is 22.8%, according to John Williams’ Shadow Stats. During the last Great Depression, the unemployment rate peaked at 25 percent in 1933.

The current boss of the Federal Reserve, Ben Bernanke, has admitted that the Federal Reserve engineered the Great Depression and future Federal Reserve chairmans – if we don’t get rid of them – will probably admit the current Greatest Depression was created by the banksters.

Both unemployment and poverty are created by the fractional reserve system and its expansion of the money supply.

“Poverty can be caused by real economy, that is to say, by the lack of supply of real things,” writes economics professor Ahamed Kameel Mydin Meera.

It can also be caused by the monetary system. In a modern capitalist economy, the creation of abundance of money that accrues very unevenly in the hands of individuals can aggravate poverty. Milton Friedman, a well-known monetary economist, says that inflation is predominantly a monetary phenomenon. If this is the case, the worsening of the global poverty problem can be significantly pointed at the institutions that are responsible for the creation of fiat money.

In the United States, that institution – not federal, as claimed, but owned by a cartel of bankers – is the Federal Reserve.‪

Alex Jones: Total Economic Implosion and Bondage by Design‬. See the rest on the Alex Jones Channel.

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