The United States is on the brink of defaulting on its sovereign debt for the first time since the gold standard ended. The “full faith and credit” of the United States hangs in the balance as the Republican tea party caucus is recalcitrant against raising the debt ceiling, which limits how many bonds that the Treasury can issue.
Nothing less than a global economic crisis and the status of the United States as a world power are at risk if T-bills are downgraded from their coveted AAA status. We’ve already written about how catastrophic a default would be for the U.S.; here are some of the consequences of a default for the global business environment courtesy of experts that we spoke with today.
A U.S. economic collapse & fall of the dollar as a reserve currency?
What Will Happen to the Global Economy If BRICS Announce Launch of New Currency – BRISCO?
Peter Koenig, a former World Bank economist and a Voice of Russia regular, outlines one of the scenarios in which America’s plans for a New World Order are broken.
Part I
For several decades, we’ve been told by the mainstream media that the West has a firm grip on the word’s economy and that America decides the future of the world. Peter Koenig, former World Bank economist and Voice of Russia regular, outlines one of the scenarios in which America’s plans for a New World Order are broken. This is the first part of the series about “How to dismate the New World Order”.
Imagine – it is December 31, 2013. The Presidents of the BRICS (Brazil, Russia, India, China and South Africa) plus Iran and Venezuela call an impromptu press conference – in Paris – to present a ‘Sea of Change in Economics,’ as they call it. The announcement was circulated throughout the international media and diplomatic offices and embassies just a day before – an indication of urgency. Despite it being the last day of the year with most people thinking of their year-end festivities, the event calls the attention of many – especially the world of finance – and of course the media. The press meeting is planned for 18:00 at theDolce Chantilly, in Chantilly, just 40 minutes from the center of Paris.
The seven presidents, accompanied by their Ministers of Finance, are seated in a half-moon panel in front of about 500 journalists from all over the world. The Chinese President and General Secretary of the Communist Party, Mr. Xi Jinping, opens the conference without fanfare, introducing the subject as an event that may have worldwide repercussions. He elaborates,
Original Bashir interview that contradicts Washington’s account of killing bin Laden
A website in the UK, themindrenewed.com, that downloaded the video from the link in my original report of the Pakistani TV interview with Mohammad Bashir has posted the interview with the original English subtitles. You can view it here:
This interview of an eyewitness to the entire event is powerful evidence that the Obama regime’s story of the killing of Osama bin Laden and his burial at sea is a hoax and a lie. Pakistani Samaa TV confirms that Bashir is who he says he is and that he lives next to the alleged bin Laden compound. Samaa TV also confirms that neighbors knew the residents of the “compound.” There has never been any mention of the Bashir interview in the presstitute media.
Kiki Camerena Killed on CIA Orders?
Borderland Beat Reporter un vato
El Diario de Coahuila (10-13-13) Proceso (10-12-13)
By Luis Chaparro and J. Jesus Esquivel
Translated by un vato for Borderland Beat
A story that sounds like it was taken from a complex espionage novel has just exploded on U.S. television. Enrique Kiki Camarena, the DEA law enforcement officer murdered in Mexico in February, 1985, was apparently not the victim of the Mexican capo Rafael Caro Quintero, but rather,, of a dark member of the CIA. This individual was the one charged with silencing the antinarcotics agent for one serious reason: he had discovered that Washington was associated with the drug trafficker and was using the profits from the drug trafficking to finance the activities of the counterrevolution.
WASHINGTON (Proceso)(apro).– Three former U.S. federal agents decided to end a 28-year silence and simultaneously entrusted this journal and the U.S. Fox news services with an information “bomb”: Enrique Kiki Camarena was not murdered by Rafael Caro Quintero — the capo that served a sentence for that crime — but by an agent of the CIA. The reason: the DEA agent discovered that his own government was collaborating with the Mexican narco in his illegal business. In interviews with Proceso, Phil Jordan, former director of the El Paso Intelligence Center (EPIC); Hector Berrellez, former DEA agent, and Tosh Plumlee, a former CIA pilot, claim that they have evidence that the U.S. government itself ordered the murder of Kiki Camarena in 1985. In addition, they point to a sinister Cuban character, Felix Ismael Rodriguez, as the murderer.
The National Security Agency's $2 billion mega spy center is going up in flames.
Technical glitches have sparked fiery explosions within the NSA's newest and largest data storage facility in Utah, destroying hundreds of thousands of dollars worth of equipment, and delaying the facility's opening by one year.
And no one seems to know how to fix it.
For a country that prides itself on being a technology leader, not knowing the electrical capacity requirements for a system as large as this is inexcusable.
Within the last 13 months, at least 10 electric surges have each cost about $100,000 in damages, according to documents obtained by the Wall Street Journal. Experts agree that the system, which requires about 64 megawatts of electricity—that's about a $1 million a month energy bill–isn't able to run all of its computers and servers while keeping them cool, which is likely triggering the meltdowns.
The contractor that designed the flawed system—Pennsylvania-based Klingstubbins–said in a statement that it has “uncovered the issue” and is working on “implementing a permanent fix.”
But that's not the case, according to the Army Corps of Engineers (ACE), which is in charge of overseeing the data center's construction. ACE disagreed with the contractor and said the meltdowns are “not yet sufficiently understood.”
A report by ACE in the Wall Street Journal said the government has incomplete information about the design of the electrical system that could pose new problems if settings need to change on circuit breakers. The report also said regular quality controls in design and construction were bypassed in an effort to “fast track” the project.
Google bumped up its advertising services for businesses by giving them the option to add a “click-to-call” service. Search Engine Watch reports that “Google: 70% Of Mobile Searchers Call A Business Directly From Search Results (Study).” A new Google/Ipsos research says the click-to-call option increases click-through rates and brand perception. The research found that when users search on a mobile device and have said option 70% used it. For mobile users, calls are how mobile searchers conduct their research. It allows them to get quick information when on the move. Local services and businesses benefit from the advertising option-69% of users would call them if the option was readily available. Also businesses saw an 8% rise in a click-through rate.
This is concerning to businesses who do not pay for the option:
“And what about businesses that don’t offer a call option? Almost half of those surveyed said ‘the lack of a call option would lead them to be both frustrated with the business and more likely to turn to another brand. Additionally, 33 percent said that they would be less likely to refer the brand to others and would be less likely to use the brand in the future.’ “
Without a doubt this is good for driving business, but from a pure research standpoint it ruins results. Businesses pay for advertising, thus pushing them to the top and ruining organic search results. Other businesses are pushed towards the bottom. Money drives research results…again.
What a U.S. default means for the world
