Stumbling Toward Enlightenment

Gatherings from the Internet

17/06/2013
by barenose
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Peak Water, Peak Oil…Now, Peak Soil?

“Soils are like a bank account. You should only draw out what you put in.” — Rattan Lal of Ohio State University
“Keeping and putting carbon in its rightful place” needs to be the mantra for humanity if we want to continue to eat, drink and combat global warming, concluded 200 researchers from more than 30 countries. Continue reading

01/05/2013
by barenose
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Theft is Legal for Big Banks- and Your Money Will Never Be Safe

In 2009, when the FDIC fund went $8.2 billion in the hole, Chairwoman Sheila Bair assured depositors that their money was protected by a hefty credit line with the Treasury. But the FDIC is funded with premiums from its member banks, which had to replenish the fund. The special assessment required to do it was crippling for the smaller banks, and that was just to recover $8.2 billion. What happens when Bank of America or JPMorganChase, which have commingled their massive derivatives casinos with their depositary arms, is propelled into bankruptcy by a major derivatives fiasco? These two banks both have deposits exceeding $1 trillion, and they both have derivatives books with notional values exceeding the GDP of the world. Continue reading

26/12/2012
by barenose
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2013 as Year Zero: For Earth and For Us

Think of 2013 as the Year Zero in the battle over climate change, one in which we are going to have to win big, or lose bigger. This is a terrible thing to say, but not as terrible as the reality that you can see in footage of glaciers vanishing, images of the entire surface of the Greenland Ice Shield melting this summer, maps of Europe’s future in which just being in southern Europe when the heat hits will be catastrophic, let alone in more equatorial realms. Continue reading

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