Despite all of the reported benefits, the next generation of mobile communications poses significant health concerns.
Despite all of the reported benefits, from amazingly fast download speeds to a greatly expanded Internet of Things, fifth generation mobile communications, or 5G, poses some very real health dangers to human beings who may be exposed to it.
According to the Environmental Health Trust, today’s mobile communications networks rely on microwave electromagnetic radiation at frequencies up to 6 gigahertz. The new 5G will move to a higher frequency band from 6 GHz to 100 GHz, and potentially even higher.Continue reading →
The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve. As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system. But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented.
During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great. Continue reading →
New Scientist, May 5, 2017 (emphasis added): Fukushima accident gave everyone an X-ray’s worth of radiation — “We don’t need to worry,” says Nikolaos Evangeliou at the Norwegian Institute for Air Research, whose team has conducted the first global survey of radiation exposure caused by the meltdown of three nuclear reactors at the Fukushima-Daiichi nuclear plant… Evangeliou’s team has calculated the approximate exposure of everyone on Earth to two radioactive isotopes of caesium… He has estimated the dose that most individuals received to be 0.1 millisievert. “What I found was that we got one extra X-ray each,” says Evangeliou… But Evangeliou says that the effects on wildlife around the plant might be more severe. Already, he says, increased levels of radiation around Fukushima have been linked to declines in bird populations there between 2011 and 2014. “There have also been reports of declines in other species such as insects and some mammals,” he says… Continue reading →
As yet another reminder, and you may well already know after being a reader here for a while, Deutsche Bank has over $70 trillion in derivatives exposure. We could be seeing the effects of that right now. What’s more, Commerzbank is a “Tochterunternehmen” of Deutsche Bank. In English, that’s to say it’s a subsidiary. Therefore, the true scale of DB’s exposure is not 100% known. In this century’s total economic collapse race, Germany is making a strong push to be the first in the world. America’s in the same boat, but it has a better method in kicking the can down the road.
EUROPE’S biggest economy was plunged into fresh chaos tonight amid warnings a new financial crisis in Germany could destroy the EU.
Shares in Germany’s two biggest lenders – Deutsche Bank and Commerzbank – fell sharply again as panic gripped global markets. They have now seen their combined market value plummet by more than £14BILLION in the past three months.
Deutsche Bank shares fell by nearly four per cent to close at an all-time low amid turmoil not seen since the depths of the financial crisis in 2009.
Meanwhile shares in Commerzbank, Germany’s second biggest lender, fell even further, by 4.65 per cent, to close at their lowest level in nearly two-and-a-half years.
INVESTORS in Britain and around the world have been sent into panic today after China’s stocks plummeted by 8.5 per cent – the largest one-day fall in almost eight years.
The FTSE 100 was in the red this morning after share indices in the world’s second-largest economy suffered their worst drop since 2007.
The fall in China is part of a wider slump in the country’s stocks that first began in mid-June, amid fears the China’s finance bubble had burst.
Previously China’s indices had almost doubled in the space of just a year.
The country’s Government had managed to briefly calm nerves with a raft of support measures, but today investors appeared to have lost all faith in official efforts to prop up values. Continue reading →
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a starring role. When many people hear the word “derivatives”, they tend to tune out because it is a word that sounds very complicated. And without a doubt, derivatives can be enormously complex. But what I try to do is to take complex subjects and break them down into simple terms. At their core, derivatives represent nothing more than a legalized form of gambling. A derivative is essentially a bet that something either will or will not happen in the future. Ultimately, someone will win money and someone will lose money. There are hundreds of trillions of dollars worth of these bets floating around out there, and one of these days this gigantic time bomb is going to go off and absolutely cripple the entire global financial system. Continue reading →
If “all hell breaks loose” you could expect the EU to face serious turmoil and possibly crumble. If Greece can’t make a payment, then Germany can’t get paid. Germany’s Deutsche Bank has $72.8 trillion in derivatives exposure while its GDP is roughly $2.7 trillion. The contagion would then spread to South America (think Venezuela/Argentina defaults) because of the interconnectedness of investments and would head north all the way up to Mexico for another default. When the wave hits Mexico, America has two weeks before its collapse.
Washington (AFP) – US Treasury Secretary Jacob Lew warned Congress on Wednesday that foreign turmoil, such as Greece’s debt crisis, could destabilize the US financial system.
“In today’s globally integrated financial markets, foreign shocks have the potential to disrupt financial stability in the United States,” Lew said in testimony to the House of Representatives financial services committee.
It shouldn’t take a genius to see where this is going. They’re jumping ship before it sinks.
President Knot of the Dutch Central Bank with ‘his’ gold.
In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. Officially a move made to rebalance the locations where the gold is being stored, one cannot ignore the fact that the Netherlands only repatriated a large part of the gold which was stored in New York and it did not touch the gold stored in Canada and London.
Additionally, it’s not just ‘some’ gold being brought back home, no, the total amount is 122.47 tonnes or almost 4 million ounces with a market value of $5B. This will reduce the exposure of the Dutch Central Bank to the US financial system as now just 31% of its gold is being stored in the vault of the Fed, coming down from 51%. We have the impression this won’t be the last repatriation as the Dutch Central Bank is keeping its shipping route secret ‘in case more gold needs to be repatriated’. Continue reading →
The United States is no stranger to waging financial warfare, observes David Katz. What’s different now, however, is its unique position within global financial markets. It’s enabling Washington to project power in cutting edge ways.
Imagine warfare waged in financial cyberspace: electronic, remote, fought in hypervelocity with millions of engagements per second, and with nations forced to construct redundant systems, sacrificing billions in economic efficiency for survival capacity. Financial warfare strikes can blockade vital industries; delink countries from the global marketplace; bankrupt sovereign economies in the space of a few days, and cause mass exoduses, starvation, riots, and regime change. Continue reading →
Although both items need to be constantly looked at (50/50), the fundamental data lately is seemingly overriding the technical data. Observing geopolitics on a regular basis shows you the big picture where you can use inductive reasoning to hammer out the specifics in planning your future, be it from an investment standpoint or personal.
Had anyone asked back in January what kind of risks you thought might be giving financial markets a jolt by mid-year, odds are that you would have talked about the Federal Reserve’s intentions with respect to quantitative easing, the outlook for economic growth and whether S&P 500 companies are delivering the kind of earnings that analysts had been expecting.
Perhaps, given recent history, you might have thrown out an additional concern: That some unforeseen event in Spain or Italy might buffet the Eurozone and spill over into North American markets—after all, that has become an almost routine summertime occurrence. Continue reading →