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Thread: The sky has finally fallen...
07-06-2010, 03:46 AM #375
..echoing drifit and for master silentheart (and maybe OTB) to enjoy..check out the portion starting @ 1:35..
Last edited by ctjcad; 07-06-2010 at 03:49 AM.
07-06-2010, 12:37 PM #376
shocking to see how bad Obama is doing in his own country, while abroad his numbers are excellent.
nice youtube clip, but it left out the entire economic crises that forces Obama to spend that much. They present the numbers like 2 wars and a crisis are "Obama's fault".
07-06-2010, 04:05 PM #377
07-06-2010, 07:01 PM #378
Yes, that's the reality. of course us in the states are feeling the effect because we're the ones directly affected; not the folks abroad, thus the numbers are excellent overseas (how excellent, i don't know). Reality is, the U.S. is in a deep doo-doo. And inflation hasn't even hit. If it doesn't hit, maybe another recession is coming this fall or fall next yr?..
Maybe we can ship BO to Holland and he can become your prez (fits well with his govt. philosophy as well).
Also consider the mainstream media worldwide, which is mostly liberal (would paint a rosier picture of BO).
The video clip mentions most of the previous prez and what they've brought to create the current national debt. OTB mentioned it a few times in this thread that the current debt has been accumulating for decades w/previous prez. I don't think the video presents the 2 wars and current crisis as "BO's fault". Sure, some would say it was under W that the national debt increased with all the wars. But now, BO is expanding it even more. It's simply to show what BO's administration is doing in comparison to previous prez and what the projected spending will be under his administration.
Economic crisis? Yes, the one started by the same people who belong to BO's party. Housing crash/bubble/sub-prime mortgage? Barney Frank, Chris Dodd..yeah, we've mentioned it in the previous "sky is falling" threads..
Can we say thank goodness there's an ocean next to California. If there's none, the trip will keep on going..Or maybe the trip supposed to end in CA w/the line falling off the cliff into the Pacific Ocean, just like how the U.S. will be down the line??..
Last edited by ctjcad; 07-06-2010 at 07:13 PM.
07-07-2010, 01:59 AM #379
07-10-2010, 08:11 AM #380
ok man. enjoy badminton. life is short. lol.
Ominous reports are leaking past the BP Gulf salvage operation news blackout that the disaster unfolding in the Gulf of Mexico may be about to reach biblical proportions.
251 million years ago a mammoth undersea methane bubble caused massive explosions, poisoned the atmosphere and destroyed more than 96 percent of all life on Earth.  Experts agree that what is known as the Permian extinction event was the greatest mass extinction event in the history of the world.
55 million years later another methane bubble ruptured causing more mass extinctions during the Late Paleocene Thermal Maximum (LPTM).
The LPTM lasted 100,000 years. 
Those subterranean seas of methane virtually reshaped the planet when they explosively blew from deep beneath the waters of what is today called the Gulf of Mexico.
Now, worried scientists are increasingly concerned the same series of catastrophic events that led to worldwide death back then may be happening again-and no known technology can stop it.
The bottom line: BP’s Deepwater Horizon drilling operation may have triggered an irreversible, cascading geological Apocalypse that will culminate with the first mass extinction of life on Earth in many millions of years.
The oil giant drilled down miles into a geologically unstable region and may have set the stage for the eventual premature release of a methane mega-bubble.
Ryskin’s methane extinction theory
Northwestern University’s Gregory Ryskin, a bio-chemical engineer, has a theory: The oceans periodically produce massive eruptions of explosive methane gas. He has documented the scientific evidence that such an event was directly responsible for the mass extinctions that occurred 55 million years ago. 
Many geologists concur: “The consequences of a methane-driven oceanic eruption for marine and terrestrial life are likely to be catastrophic. Figuratively speaking, the erupting region “boils over,” ejecting a large amount of methane and other gases (e.g., CO2, H2S) into the atmosphere, and flooding large areas of land. Whereas pure methane is lighter than air, methane loaded with water droplets is much heavier, and thus spreads over the land, mixing with air in the process (and losing water as rain). The air-methane mixture is explosive at methane concentrations between 5% and 15%; as such mixtures form in different locations near the ground and are ignited by lightning, explosions and conflagrations destroy most of the terrestrial life, and also produce great amounts of smoke and of carbon dioxide…” 
The warning signs of an impending planetary catastrophe—of such great magnitude that the human mind has difficulty grasping it-would be the appearance of large fissures or rifts splitting open the ocean floor, a rise in the elevation of the seabed, and the massive venting of methane and other gases into the surrounding water.
Such occurrences can lead to the rupture of the methane bubble containment—it can then permit the methane to breach the subterranean depths and undergo an explosive decompression as it catapults into the Gulf waters. 
All three warning signs are documented to be occurring in the Gulf.
Ground zero: The Gulf Coast
The people and property located on the greater expanse of the Gulf Coast are sitting at Ground Zero. They will be the first exposed to poisonous, cancer causing chemical gases. They will be the ones that initially experience the full fury of a methane bubble exploding from the ruptured seabed.
The media has been kept away from the emergency salvage measures being taken to forestall the biggest catastrophe in human history. The federal government has warned them away from the epicenter of operations with the threat of a $40,000 fine for each infraction and the possibility of felony arrests.
Why is the press being kept away? Word is that the disaster is escalating.
Cracks and bulges
Methane is now streaming through the porous, rocky seabed at an accelerated rate and gushing from the borehole of the first relief well. The EPA is on record that Rig #1 is releasing methane, benzene, hydrogen sulfide and other toxic gases. Workers there now wear advanced protection including state-of-the-art, military-issued gas masks.
Reports, filtering through from oceanologists and salvage workers in the region, state that the upper level strata of the ocean floor is succumbing to greater and greater pressure. That pressure is causing a huge expanse of the seabed-estimated by some as spreading over thousands of square miles surrounding the BP wellhead-to bulge. Some claim the seabed in the region has risen an astounding 30 feet.
The fractured BP wellhead, site of the former Deepwater Horizon, has become the epicenter of frenetic attempts to quell the monstrous flow of methane.
The subterranean methane is pressurized at 100,000 pounds psi. According to Matt Simmons, an oil industry expert, the methane pressure at the wellhead has now skyrocketed to a terrifying 40,000 pounds psi.
Another well-respected expert, Dr. John Kessler of Texas A&M University has calculated that the ruptured well is spewing 60 percent oil and 40 percent methane. The normal methane amount that escapes from a compromised well is about 5 percent.
More evidence? A huge gash on the ocean floor—like a ragged wound hundreds of feet long—has been reported by the NOAA research ship, Thomas Jefferson. Before the curtain of the government enforced news blackout again descended abruptly, scientists aboard the ship voiced their concerns that the widening rift may go down miles into the earth.
That gash too is hemorrhaging oil and methane. It’s 10 miles away from the BP epicenter. Other, new fissures, have been spotted as far as 30 miles distant.
Measurements of the multiple oil plumes now appearing miles from the wellhead indicate that as much as a total of 124,000 barrels of oil are erupting into the Gulf waters daily-that’s about 5,208,000 gallons of oil per day.
Most disturbing of all: Methane levels in the water are now calculated as being almost one million times higher than normal. 
Mass death on the water
If the methane bubble—a bubble that could be as big as 20 miles wide—erupts with titanic force from the seabed into the Gulf, every ship, drilling rig and structure within the region of the bubble will immediately sink. All the workers, engineers, Coast Guard personnel and marine biologists participating in the salvage operation will die instantly.
Next, the ocean bottom will collapse, instantaneously displacing up to a trillion cubic feet of water or more and creating a towering supersonic tsunami annihilating everything along the coast and well inland. Like a thermonuclear blast, a high pressure atmospheric wave could precede the tidal wave flattening everything in its path before the water arrives.
When the roaring tsunami does arrive it will scrub away all that is left.
A chemical cocktail of poisons
Some environmentalist experts are calling what’s pouring into the land, sea and air from the seabed breach ’a chemical cocktail of poisons.’
Areas of dead zones devoid of oxygen are driving species of fish into foreign waters, killing plankton and other tiny sea life that are the foundation for the entire food chain, and polluting the air with cancer-causing chemicals and poisonous rainfalls.
A report from one observer in South Carolina documents oily residue left behind after a recent thunderstorm. And before the news blackout fully descended the EPA released data that benzene levels in New Orleans had rocketed to 3,000 parts per billion.
Benzene is extremely toxic and even short term exposure can cause agonizing death from cancerous lesions years later.
The people of Louisiana have been exposed for more than two months—and the benzene levels may be much higher now. The EPA measurement was taken in early May. 
While some say it can’t happen because the bulk of the methane is frozen into crystalline form, others point out that the underground methane sea is gradually melting from the nearby surging oil that’s estimated to be as hot as 500 degrees Fahrenheit.
Most experts in the know, however, agree that if the world-changing event does occur it will happen suddenly and within the next 6 months.
So, if events go against Mankind and the bubble bursts in the coming months, Gregory Ryskin may become one of the most famous people in the world. Of course, he won’t have long to enjoy his new found fame because very shortly after the methane eruption civilization will collapse.
Perhaps if humanity is very, very lucky, some may find a way to avoid the mass extinction that follows and carry on the human race.
07-12-2010, 03:08 AM #381
Debt commission leaders paint gloomy picture..
Debt commission leaders paint gloomy picture
BOSTON – The heads of President Barack Obama's national debt commission painted a gloomy picture Sunday as the United States struggles to get its spending under control.
Republican Alan Simpson and Democrat Erskine Bowles told a meeting of the National Governors Association that everything needs to be considered — including curtailing popular tax breaks, such as the home mortgage deduction, and instituting a financial trigger mechanism for gaining Medicare coverage.
The nation's total federal debt next year is expected to exceed $14 trillion — about $47,000 for every U.S. resident.
"This debt is like a cancer," Bowles said in a sober presentation nonetheless lightened by humorous asides between him and Simpson. "It is truly going to destroy the country from within."
Simpson said the entirety of the nation's current discretionary spending is consumed by the Medicare, Medicaid and Social Security programs.
"The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans, the whole rest of the discretionary budget, is being financed by China and other countries," said Simpson. China alone currently holds $920 billion in U.S. IOUs.
Bowles said if the U.S. makes no changes it will be spending $2 trillion by 2020 just for interest on the national debt.
"Just think about that: All that money, going somewhere else, to create jobs and opportunity somewhere else," he said.
07-14-2010, 04:50 PM #382
Will human life be wiped out by a BP-induced methane eruption? No.
07-14-2010, 07:19 PM #383
Those comments are sure creative. lol.
08-27-2010, 05:56 AM #384
How's that Hope and Change workin' out for ya??..
..and please, no more "It's Booosh' fault"..
Snapshot of economy about to get a lot bleaker
By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer
WASHINGTON – The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.
That's a sharp slowdown from the first quarter, when the economy grew at a 3.7 percent annual rate, and economists say it's a taste of the weakness to come. The current quarter isn't expected to be much better, with many economists forecasting growth of only 1.7 percent.
Such slow growth won't feel much like an economic recovery and won't lead to much hiring. The unemployment rate, now at 9.5 percent, could even rise by the end of the year.
But home sales fell sharply in July, and new home construction also declined. That will weigh on economic growth this quarter, but its impact won't be as bad as earlier in the recession. That's because housing has shrunk so sharply.
It made up more than 6 percent of the economy at the height of the boom in 2005, but now accounts for only 2.5 percent.
High unemployment is making it harder for people to make their mortgage payments and stay in their homes.
About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. That number, adjusted for seasonal factors, was close to a record high of more than 10 percent at the end of April.
08-27-2010, 09:03 AM #385
Black Friday again?
08-27-2010, 08:52 PM #386
another yoyo episode in the market.
09-16-2010, 11:08 AM #387
Gold $1,300. I am really kicking myself for not buying at $1,200.
09-16-2010, 03:55 PM #388
09-16-2010, 05:44 PM #389
10-16-2010, 03:49 AM #390
I want your money..
..this is for master silentheart, and no, i don't mean to take your money...
just want to share this new documentary movie and hope if you have time this weekend for a bit of entertainment to go & check it out...
Btw, Ben B. is releasing another helicopter money distribution plan??..
10-16-2010, 06:10 AM #391
What does Cooler think? Talking about Cooler what has happened to him? Fallen off the cliff?