Friday: In The News

Pestilence:

'Appalling Irresponsibility': Senior Scientists Attack Chinese Researchers For Creating New Viral Strains

Senior scientists have criticised the “appalling irresponsibility” of researchers in China who have deliberately created new strains of influenza virus in a veterinary laboratory.

They warned there is a danger that the new viral strains created by mixing bird-flu virus with human influenza could escape from the laboratory to cause a global pandemic killing millions of people.

“They claim they are doing this to help develop vaccines and such like. In fact the real reason is that they are driven by blind ambition with no common sense whatsoever,” Lord May told The Independent.

“The record of containment in labs like this is not reassuring. They are taking it upon themselves to create human-to-human transmission of very dangerous viruses. It’s appallingly irresponsible,” he said.

Professor Chen and her colleagues deliberately mixed the H5N1 bird-flu virus, which is highly lethal but not easily transmitted between people, with a 2009 strain of H1N1 flu virus, which is very infectious to humans.

An increasing number of scientists outside the influenza field have expressed concern over attempts to deliberately increase the human transmissibility of the H5N1 bird-flu virus. This is done by mutating the virus so that it can pass by airborne droplets between laboratory ferrets, the standard “animal model” of human influenza.

Middle East:

U.S. Losing Track Of Assad's Chemical Weapons

With talk ramping up of possible Western intervention in Syria in the wake of alleged chemical weapons use in the war-torn country, senior American military and intelligence officials admitted that they do not know where Syria’s chemical weapons are.

Speaking to the Daily Beast, officials said they believed the regime of Syrian President Bashar Assad had moved the country’s large stockpile of chemical weapons around the country.

“We’ve lost track of lots of this stuff,” an American official admitted in the article published Thursday. “We just don’t know where a lot of it is.”

This revelation comes as President Barack Obama weighs his response to allegations of chemical weapons use by Assad’s regime. Without adequate intelligence on the location of Syrian chemical weapons stockpiles, the success of potential military action by the United States to secure the weapons would be difficult to guarantee.

Analysis: Israel Prepares For The Worst As Militants Eye Syria's Chemical Weapons

Israel has warned it will do whatever is necessary to prevent the Syrian government's large stockpile of chemical and biological weapons from falling into the hands of militants, believing that one day they may be used against Israel. It would be better, Israeli leaders believe, to fight in Syria against Islamists armed with non-conventional weapons than wait for them to attack Israel with them.

According to army sources quoted in the Maariv newspaper, Israel is sending fresh troops to man forward bases that have not been used for years because it was so quiet. The roads to the bases will also be paved and improved, the paper said.

That vacuum along the border has been filled by Islamist militias – especially the al-Nusra front which says it is allied with al Qaeda – who repeatedly say their goal after toppling Assad is to use his territory as a launch-pad for attacks against Israel.

Israel Gets 5th Nuclear-Capable German Submarine

Israel has inaugurated its fifth Dolphin-class submarine, allegedly capable of launching cruise missiles with nuclear warheads. A German shipyard in Kiel has a contract to build a sixth sub “to ensure the security of Israel’s citizens,” the PM said.

The submarine has been baptized INS Rahav. Rahav is a demon, a cosmic sea monster, ‘Prince of the Sea’ according to the Talmud. It was also the name of a strange woman from Jericho who hid two Jewish scouts from the King of Jericho in the Book of Joshua, Old Testament.

After the submarine is fully equipped and passes all tests, it will cost $500 million and will enter service as possibly the most sophisticated and expensive weapon of Israeli Navy. Delivery to client is reportedly expected by the end of 2013.

In June 2012, Der Spiegel reported that Germany is actually strengthening Israel’s nuclear capabilities. The magazine claimed that Dolphin-class submarines are equipped with hydraulic ejection systems that enable the underwater launch of Israeli Popeye Turbo SLCM long-range cruise missiles, believed to have nuclear warheads.

Israel’s Popeye cruise missile is believed to have a range of up to 1500km and carry a 200kg payload, enough to fit in a nuclear warhead. The first launch of the missile was carried out in 2002 in the Indian Ocean.

Thus the German-built submarines are believed to be the backbone of the Israeli nuclear deterrent against Iran.

Exclusive: Kerry's Plans Double Peace Track

The EU:

20 Signs That The Next Great Economic Depression Has Already Started In Europe

The next Great Depression is already happening - it just hasn't reached the United States yet.  Things in Europe just continue to get worse and worse, and yet most people in the United States still don't get it.  All the time I have people ask me when the "economic collapse" is going to happen.  Well, for ages I have been warning that the next major wave of the ongoing economic collapse would begin in Europe, and that is exactly what is happening.  In fact, both Greece and Spain already have levels of unemployment that are greater than anything the U.S. experienced during the Great Depression of the 1930s.  Pay close attention to what is happening over there, because it is coming here too.  You see, the truth is that Europe is a lot like the United States.  We are both drowning in unprecedented levels of debt, and we both have overleveraged banking systems that resemble a house of cards.  

The reason why the U.S. does not look like Europe yet is because we have thrown all caution to the wind.  The Federal Reserve is printing money as if there is no tomorrow and the U.S. government is savagely destroying the future that our children and our grandchildren were supposed to have by stealing more than 100 million dollars from them every single hour of every single day.  We have gone "all in" on kicking the can down the road even though it means destroying the future of America.  But the alternative scares the living daylights out of our politicians.  When nations such as Greece, Spain, Portugal and Italy tried to slow down the rate at which their debts were rising, the results were absolutely devastating.  A full-blown economic depression is raging across southern Europe and it is rapidly spreading into northern Europe.  Eventually it will spread to the rest of the globe as well.

Yes, U.S. stocks have been doing great so far this year, but the truth is that the stock market has become completely and totally divorced from economic reality.  When it does catch up with the economic fundamentals, it will probably happen very rapidly like we saw back in 2008.

Our politicians can try to kick the can down the road for as long as they can, but at some point the consequences of our foolish decisions will hunt us down and overtake us.  The following is what Peter Schiff had to say about this coming crisis the other day...

"The crisis is imminent," Schiff said.  "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems."

"We're broke, Schiff added.  "We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."

Schiff points out that the market gains experienced recently, with the Dow first topping 14,000 on its way to setting record highs, are giving investors a false sense of security.

"It's not that the stock market is gaining value... it's that our money is losing value. And so if you have a debased currency... a devalued currency, the price of everything goes up. Stocks are no exception," he said.

"The Fed knows that the U.S. economy is not recovering," he noted. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."

So please don't think that we are any different from Europe.

If the United States government started only spending the money that it brings in, we would descend into an economic depression tomorrow.

The only way that we can continue to live out the economic fantasy that we see all around us is by financially abusing our children and our grandchildren.

The U.S. economy has become a miserable junkie that is completely and totally addicted to reckless money printing and gigantic mountains of debt.

If we stop printing money and going into unprecedented amounts of debt we are finished.

If we continue printing money and going into unprecedented amounts of debt we are finished.

Either way, this is all going to end very, very badly.