inconvenient facts

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Peak Inequality: The .01% And The Impoverishment Of Society

Occupy_Jump_YouAsignificant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point.  Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living.  In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.

Let’s take an in-depth look at the evidence.

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Can You Imagine? Toppling the Fossil Fuel Empire

“We can’t solve problems by using the same kind of thinking we used when we created them.” Albert Einstein

oilAs the world struggles with how to deal with the slow motion apocalypse of global climate change it becomes more and more apparent that we are trapped in “the kind of thinking” that got us here. While I don’t want to wear out Einstein’s quotability his other little piece of wisdom that we need to keep top of mind is this:

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”

Our failure of imagination regarding the ever-increasing production and use of fossil fuels will, over time, kill billions of us and irreversibly change all life on the planet.

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Who Needs $80 Billion? Starve Us Some More

Canadian_Flag

For years Stephen Harper often seemed at war with his own government, so consistently critical were reviews by its various independent oversight agencies. It seems that at least one “independent” body, the Parliamentary Budget Office, is now a little more PMO-friendly. A recent report from the PBO’s new chief Jean-Denis Fréchette declared that thanks to the incredible generosity of the federal government, “Canadians” have an extra $30 billion in their pockets — money “saved” due to Conservative tax cuts. The figure includes reductions in personal income tax of $17.1 billion and the federal share of revenue loss GST/HST of $13.3 billion.

That’s almost $1,000 per person.

Isn’t that nice.

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Fukushima Didn’t Just Suffer Three Meltdowns …The Nuclear Core Has Finally Been Found …

 Scattered All Over Japan

radiation_signWe reported in May 2011 that authorities knew – within days or weeks -  that all 3 active Fukushima nuclear reactors had melted down, but covered up that fact for months.

The next month, we reported that Fukushima’s reactors had actually suffered something much worse: nuclear melt-throughs, where the nuclear fuel melted through the containment vessels and into the ground.  At the time, this was described as:

The worst possibility in a nuclear accident.

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The True Cost of Disaster Insurance Makes Nuclear Power Uncompetitive

Fukushima_Daiichi_plantThe European Commission is assessing how it should augment its nuclear disaster insurance. Ingmar Schumacher calls for full transparency of insurance costs in the cost-benefit evaluation of the nuclear industry.

The continuing nuclear disaster at Fukushima has concentrated minds on the risks of nuclear catastrope in Europe - all the more so as estimates of Fukushima's cost rise towards a giddying US$500 billion.

And so it is that the European Commission is considering whether, and how, it should amend the insurance of nuclear power plants on European territory. In the event of the unthinkable taking place in a European reactor, who will pay the cost?

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The TPP: Power to the Corporations at the Expense of the Planet

TPPThe TPP trade deal would expand a system of corporate rights and private courts that threaten progress on some of our most urgent environmental issues, writes Thomas McDonagh.

In January 15th last, Wikileaks revealed the proposed environmental chapter of the Trans-Pacific Partnership (TPP) trade agreement.

This massive trade deal, despite its implications for sensitive policy areas such as access to medicines and food safety across North America, Peru, Chile, Australia, Japan and beyond had, until recently, been kept far away from the public spotlight.

Negotiations take place behind closed doors and not even public representatives from the countries involved have access to the negotiating text.

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The War on Terrorism … or whatever.

“U.S. hopes of winning more influence over Syria’s divided rebel movement faded Wednesday after 11 of the biggest armed factions repudiated the Western-backed political opposition coalition and announced the formation of an alliance dedicated to creating an Islamist state. The al-Qaeda-affiliated Jabhat al-Nusra, designated a terrorist organization by the United States, is the lead signatory of the new group.” 1

pipelinesoldiersPity the poor American who wants to be a good citizen, wants to understand the world and his country’s role in it, wants to believe in the War on Terrorism, wants to believe that his government seeks to do good … What is he to make of all this?

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GMO Agribusiness and the Destructive Nature of Global Capitalism

seedsCapitalism is based on managing its inherent crises. It is also based on the need to maximise profit, beat down competitors, cut overheads and depress wages. In the 1960s and 70s, in the face of increasing competition from abroad, the US began to outsource manufacturing production to bring down costs by using cheap foreign labour. Other countries followed suit. Even more jobs were lost through the impulse to automate. To provide a further edge, trade unions and welfare were attacked in order to suppress wages at home. Problem solved. Or was it?

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The “Fiscal Cliff” Is A Diversion:

The Derivatives Tsunami and the Dollar Bubble

theftcuffsThe “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones.

The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years if Congress takes no action itself to cut spending and to raise taxes. In other words, the “fiscal cliff” is going to happen either way.

The problem from the standpoint of conventional economics with the fiscal cliff is that it amounts to a double-barrel dose of austerity delivered to a faltering and recessionary economy. Ever since John Maynard Keynes, most economists have understood that austerity is not the answer to recession or depression.

Regardless, the fiscal cliff is about small numbers compared to the Derivatives Tsunami or to bond market and dollar market bubbles.

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Is Nuclear Power REALLY Cheap and Clean?

Nuclear_JapanNuclear power is experiencing a revival due to growing concerns about climate change. The nuclear industry has reinvented itself as an environmentally friendly option, producing electricity without the air pollution and greenhouse gas emissions of coal, oil or gas.

But a closer look reveals nuclear power is neither an environmentally or financially viable option. Nuclear power creates radioactive waste for which there is no accepted method of safely managing or storing. It is also prohibitively expensive. The last plant constructed in Ontario, Darlington, was budgeted at $3.4 billion but ended up costing $15 billion when it was finally completed in the mid-1980s.

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Guns and Butter

"The Way We Were and What We Are Becoming" with financial economist and historian,  Dr. Michael Hudson.

Globalism Quotes

"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."  
 
David Rockefeller Baden-Baden, Germany 1991

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