Hearing: Electric Grid Vulnerable to EMP

Witness: Could kill 9 in 10 Americans

Experts on Capitol Hill Thursday warned that an electromagnetic pulse (EMP) attack aimed at the nation’s electrical grid could leave the majority of Americans dead.

“Some would say it’s low probability, but the damage that could be caused in the event of an EMP attack, both by the sun, a solar event, or a man-made attack, would be catastrophic,” said Rep. Michael McCaul (R., Texas). “We talk a lot about a nuclear bomb in Manhattan, and cybersecurity threat to the power grid in the Northeast, and all of these things would actually probably pale in comparison to the devastation that an EMP attack could perpetrate on Americans.” Continue reading

Russia Raises Gold Holdings By 7.247 Tonnes To Over 1,040 Tonnes In February

Yesterday U.S. President Barack Obama warned Russian President Vladimir Putin that Russia would face more sanctions if it moved further into eastern Ukraine after its annexation of Crimea. Worryingly for residents of New York and for financial markets, Obama also warned that he was more worried about the risk of a nuclear bomb going off in Manhattan then he was about Russia.

Geopolitical risk in the form of terrorism, financial and economic war and actual war remains high and should support gold.

Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves, data from the International Monetary Fund showed today. Turkey’s gold holdings rose 9.292 tonnes to 497.869 tonnes, the data showed.

Many analysts are ignoring the important context of today’s new geopolitical backdrop. Russia alone has some $400 billion in foreign exchange reserves – mostly in U.S. dollars. If they were to diversify just 5%, worth some $20 billion, of those reserves into gold – it would be equal to nearly 500 tonnes of gold or nearly 25% of global annual production.

Russia bought another 7.247 tonnes of gold in February. It will be interesting to see what Russian demand is in March and indeed in the coming months. Sanctions could lead to materially higher demand from the Russian central bank, Bank Rossii.

Continue reading

‘Our Death Toll Would Be Staggering’: Judge Jeanine on Power Grid Threats

The following is the transcript of Judge Jeanine Pirro’s opening statement regarding threats to our nation’s power grid.

Welcome to a special edition of Justice – I’m Judge Jeanine Pirro.  Tonight – an hour long investigation into the dangers facing the U.S. power grid. What would it take to bring it down?  And if our system did break down – how would you survive?  And what would it be like in the dark? Continue reading

U.S. to seize Manhattan skyscraper secretly owned by Iran

The U.S. government is set to seize a Manhattan skyscraper that prosecutors say is secretly owned and controlled by the Iranian government.

The 36-story tower is located on Fifth Avenue in the heart of New York City, adjacent to Rockefeller Center, and is home to a number of corporate tenants. Preet Bharara, the U.S. attorney in Manhattan, said Tuesday that the seizure and sale of the property would be the government’s largest-ever terrorism-related forfeiture.

A federal judge authorized the seizure in a ruling this week, finding that the building’s owners had violated federal money laundering laws and sanctions against Iran. Continue reading

China Builds EU Beachhead With $5 Billion City in Belarus

China is building an entire city in the forests near the Belarusian capital Minsk to create a manufacturing springboard between the European Union and Russia.

Belarusian President Aleksandr Lukashenko allotted an area 40 percent larger than Manhattan around Minsk’s international airport for the $5 billion development, which will include enough housing to accommodate 155,000 people, according to Chinese and Belarusian officials. Continue reading

Occupy prepares nationwide may day mayhem – ‘Direct action’ to shut down economy, block bridges, tunnels

Occupy’s plans for nationwide May Day chaos are going full-speed ahead, with the movement boasting of “direct action” schemes that include protest marches, shutting down the financial sector, and blocking bridges and tunnels.

The group’s official websites announce plans to “occupy” Manhattan-bound bridges and tunnels as well as the Golden Gate Bridge in San Francisco Tuesday

Besides street protests, sympathizers are asked to engage in a U.S. general strike to “shut it down,” referring to the country’s economy.

In the San Francisco Bay Area, protests are slated to kick off with Occupy activists congregating at 6 a.m. Pacific Time to “Occupy the Golden Gate Bridge.”

The Bay Area schedule is replete with “anti-capitalist” events such as an “anti-patriarchy” protest and actions to protest “gentrification.”

The plan to shut down the U.S. economy is reminiscent of plans first hatched in March 2010 by Stephen Lerner, a controversial anti-capitalist SEIU organizer. Lerner visited the Obama White House at least four times.

WND was first to report Lerner was the brain behind some of the economic protest templates being used by the Occupy Wall Street campaign.

Lerner last year laid out a mass economic protest plan intended to bring down the stock market. He boasted it could be used to cause a new financial crisis. His ideology prompted some conservative critics to go so far as to label him an economic terrorist.

Lerner outlined his campaign to “stoke simmering discontent into concrete, concerted direct action to challenge corporate extremism.”

Lerner’s campaign was intended to sow “the seeds of a movement that turns the tables on [Wall Street].”

Full article: Occupy prepares nationwide may day mayhem – ‘Direct action’ to shut down economy, block bridges, tunnels (WND)