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Meteor ‘Strike Rate’ Underestimated

http://www.thedailysheeple.com/

All eyes are on Iran right now because of the Iran Nuke Deal… or are they?

As previously reported, that whole thing is likely theater. It usually is. America is the only nation that’s ever used nuclear weapons anyway in 70 years.

So while attention is diverted talking about the nuke deal and Cecil the Lion or whatever, is anyone mentioning that a meteor impact (actually multiple impacts) hit Iran just a few days ago?

Via Trend News Agency, July 31st:

Iran has confirmed that a meteor has hit somewhere in the northern part of the country.

The meteor landed in Avaj in the province of Qazvin, Mohammad Ali Ahani, director of Qazvin Crisis Management Staff said, Mehr news agency reported July 31. Also, there have been reports that some pieces of rock have hit areas in Eshtehard, Alborz Province, Arsalan Qasemi, governor of Boeen Zahra, county in Qazvin Province, said.

Local sources are talking and the claim is destruction on an unimaginable scale.

Even if that’s not the case, where is NASA on this? Why haven’t they announced it or reported anything on it?

Why the deafening silence?

Even media outlets in Italy are reporting on this event.

Do a simple news search on this on somewhere like Google News and you will see… a whole lot of nothing. Search NASA Iran meteor and the most you will find are blogs admonishing NASA for failing to publicly acknowledge this even happened.

(While NASA did put out a report debunking claims that an asteroid would wipe out Earth this coming September, people might have a hard time believing them when they can’t even respond to a real meteor impact in Iran…)

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super-emp

By Ken Jorgustin – Modern Survival Blog

The Super-EMP weapon exists, and we apparently know that at least Russia, N.Korea, and China have them. Perhaps others? Are Iran’s nuclear centrifuges (apparently thousands of them are enriching uranium) – spinning up a Super-EMP?

A Super-EMP is a miniaturized nuclear warhead requiring far less ‘fuel’ than today’s conventional nuclear bombs. It is believed that the effects of a properly deployed and detonated Super-EMP will do far worse damage than a salvo of conventional nuclear explosions near or on the ground.

Because of the recent reports that the US is ‘giving in’ to Iran with regards to some of the key demands surrounding a nuclear deal (U.S. negotiators are said to have given up ground on demands that Iran be forced to disclose the full range of its nuclear activities), one wonders if they might already have sufficient materials and centrifuges to continue their probable bomb-building (and/or Super-EMP) efforts…

Continue reading at Modern Survival Blog: Nuclear Super EMP

By Michael Snyder – The Economic Collapse Blog

In the past 40 years, we have never been closer to World War III than we are today.  If you ask Americans to name what area of the globe they believe World War III will begin, the number one choice by a landslide would probably be the Middle East.  And thanks to the stunning breakdown of U.S.-Israeli relations, we are now closer to that war than we have been in decades.  Since the 1970s, the United States has served as the major buffer between Israel and her Islamic neighbors.  Israel has trusted the United States to protect it, and Israel’s enemies have known that an all-out assault on Israel would be fruitless because the U.S. military would step in.  When a minor conflict has erupted in the region, the United States has always rushed in diplomatically to settle things down.  But now the relationship between the Israeli government and the Obama administration is near a breaking point, and tensions in the Middle East just continue to intensify.  At this moment, Israeli Prime Minister Benjamin Netanyahu no longer trusts Barack Obama to do what is right for Israel, and it is an open secret that Obama pretty much despises Netanyahu.  And during his speech to Congress on Tuesday, Netanyahu once again made it abundantly clear that his government will never, ever allow Iran to get nuclear weapons.  If Israel believes that Iran is even getting close, Israel will attack.  But instead of trying to prevent this from happening, Barack Obama is negotiating a deal with Iran that would give the Iranians pretty much everything that they want and would allow them to build all the nukes they desire in about ten years.  Israeli Prime Minister Benjamin Netanyahu says that this is a “bad deal”, and he is right.

The U.S. relationship with Israel is one of the most touchy political topics in the country today, and it is going to become even more of a hot button issue as time goes by.  There are millions of Americans that passionately love the nation of Israel, and there are also millions of Americans that are vehemently anti-Israel.  It is amazing that a nation that is about the size of New Jersey and that only has a little bit more than one-tenth of one percent of the global population can perpetually be at the center of global controversy.  Of course those of us that are Christians know that the Bible said that this would happen in the last days, so the truth is that none of us should be surprised.  No matter how much effort global leaders put into achieving “peace in the Middle East”, it never seems to happen, and now things are poised to go to a dangerous new level.

On Tuesday, Israeli Prime Minister Benjamin Netanyahu laid out his case to Congress during a very forceful 40 minute speech

Israeli Prime Minister Benjamin Netanyahu warned Tuesday that a proposed agreement between world powers and Iran was “a bad deal” that would not stop Tehran from getting nuclear weapons — but would rather pave its way to getting lots of them and leave the Jewish State in grave peril.

In a dramatic address to the U.S. Congress at what he said was a “fateful” crossroads of history, Netanyahu openly sided with President Barack Obama’s Republican critics and sparked an immediate and furious reaction from the White House, as relations between Washington and Israel spun into their deepest chasm for many years.

If Israel has lost all trust in the Obama administration, that makes it much more likely that it will choose to take unilateral military action against Iran.

With that in mind, consider the following quotes from Netanyahu’s speech…

-“The greatest danger facing our world is the marriage of militant Islam with nuclear weapons.”

-“That is exactly what could happen if the deal being negotiated is accepted by Iran. That deal would not prevent Iran developing nuclear weapons. It would all but guarantee that Iran gets those weapons, lots of them.”

-“I know this won’t come as a shock to many of you, but Iran not only defies inspectors, but it also plays a pretty good game of ‘hide and cheat’ with them.”

-“The ideology of Iran’s revolutionary regime is deeply rooted in militant Islam, and that’s why this regime will always be an enemy of America.”

-“If anyone thinks this deal kicks the can down the road, think again. When we get down that road we’ll face a much more dangerous Iran, a Middle East littered with nuclear bombs, and a countdown to a potential nuclear nightmare.”

-“We must all stand together to stop Iran’s march of conquest, subjugation, and terror.”

-“Even if Israel has to stand alone, Israel will stand.”

-“That’s why this deal is so bad. It doesn’t block Iran’s path to the bomb, it paves Iran’s path to the bomb.”

-“I can guarantee you this: The days when the Jewish people remain passive in the face of genocidal enemies, those days are over.”

And near the end of his speech, Netanyahu referred to the Holocaust when he spoke to Elie Wiesel who happened to be sitting in the audience…

Praising the presence in the audience of concentration camp survivor, author, Nobel Peace Prize winner and Nazi-hunter Elie Wiesel, the prime minister told him, “Your life and work gives meaning to the words, ‘Never again.’”

Does that sound like a man that is just going to sit by and watch Iran build nuclear weapons?

Reaction by members of Congress was mixed.  Many Republicans were thrilled by Netanyahu’s address.  But many Democrats were outraged, and Nancy Pelosi was nearly brought to tears

“I was near tears throughout the prime minister’s speech — saddened by the insult to the intelligence of the United States as part of the P5 +1 nations,” said Nancy Pelosi, the leader of Democrats in the House, referring to the group of world powers negotiation with Tehran, “and saddened by the condescension toward our knowledge of the threat posed by Iran and our broader commitment to preventing nuclear proliferation.”

Most Americans don’t realize this, but an Israeli attack against Iranian nuclear facilities could be closer than almost any of us would dare to imagine.

In fact, just a few days ago there was a report that a planned strike in 2014 was aborted at the last minute after Barack Obama threatened to shoot down Israeli jets…

According to Al-Jarida, the Netanyahu government took the decision to strike Iran some time in 2014 soon after Israel had discovered the United States and Iran had been involved in secret talks over Iran’s nuclear program and were about to sign an agreement in that regard behind Israel’s back.

The report claimed that an unnamed Israeli minister who has good ties with the US administration revealed the attack plan to Secretary of State John Kerry, and that Obama then threatened to shoot down the Israeli jets before they could reach their targets in Iran.

But next time, it might be different.  As I discussed in a previous article, there are reports coming out of the Middle East that indicate that Saudi Arabia plans to allow Israel to use their airspace to strike Iran.

In addition, new evidence of a secret nuclear facility near Tehran that Iran had not told anyone about has been revealed in recent days.  If it turns out that Iran’s nuclear program is actually far more advanced that they have been admitting, that will send the probability of an Israeli strike absolutely soaring.

For years, Iran and Israel have been on a collision course, and now time is running out.

And when war does erupt in the Middle East, the death and destruction could be on a scale that is absolutely unimaginable.

So let us pray that peace prevails for as long as possible.  Unfortunately, thanks to the foolishness of the Obama administration, the period of peace that we have been enjoying does not look like it is going to last too much longer.

This article first appeared at The Economic Collapse Blog: The Breakdown Of U.S.-Israeli Relations Brings Us Several Steps Closer To World War III

 

About the author:

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.

Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream

Read his new book The Beginning of the

By Michael Snyder – The Economic Collapse Blog

Who is to blame for the staggering collapse of the price of oil?  Is it the Saudis?  Is it the United States?  Are Saudi Arabia and the U.S. government working together to hurt Russia?  And if this oil war continues, how far will the price of oil end up falling in 2015?  As you will see below, some analysts believe that it could ultimately go below 20 dollars a barrel.  If we see anything even close to that, the U.S. economy could lose millions of good paying jobs, billions of dollars of energy bonds could default and we could see trillions of dollars of derivatives related to the energy industry implode.  The global financial system is already extremely vulnerable, and purposely causing the price of oil to crash is one of the most deflationary things that you could possibly do.  Whoever is behind this oil war is playing with fire, and by the end of this coming year the entire planet could be dealing with the consequences.

Ever since the price of oil started falling, people have been pointing fingers at the Saudis.  And without a doubt, the Saudis have manipulated the price of oil before in order to achieve geopolitical goals.  The following is an excerpt from a recent article by Andrew Topf

We don’t have to look too far back in history to see Saudi Arabia, the world’s largest oil exporter and producer, using the oil price to achieve its foreign policy objectives. In 1973, Egyptian President Anwar Sadat convinced Saudi King Faisal to cut production and raise prices, then to go as far as embargoing oil exports, all with the goal of punishing the United States for supporting Israel against the Arab states. It worked. The “oil price shock” quadrupled prices.

It happened again in 1986, when Saudi Arabia-led OPEC allowed prices to drop precipitously, and then in 1990, when the Saudis sent prices plummeting as a way of taking out Russia, which was seen as a threat to their oil supremacy. In 1998, they succeeded. When the oil price was halved from $25 to $12, Russia defaulted on its debt.

The Saudis and other OPEC members have, of course, used the oil price for the obverse effect, that is, suppressing production to keep prices artificially high and member states swimming in “petrodollars”. In 2008, oil peaked at $147 a barrel.

Turning to the current price drop, the Saudis and OPEC have a vested interest in taking out higher-cost competitors, such as US shale oil producers, who will certainly be hurt by the lower price. Even before the price drop, the Saudis were selling their oil to China at a discount. OPEC’s refusal on Nov. 27 to cut production seemed like the baldest evidence yet that the oil price drop was really an oil price war between Saudi Arabia and the US.

If the Saudis wanted to stabilize the price of oil, they could do that immediately by announcing a production cutback.

The fact that they have chosen not to do this says volumes.

In addition to wanting to harm U.S. shale producers, some believe that the Saudis are determined to crush Iran.  This next excerpt comes from a recent Daily Mail article

Above all, Saudi Arabia and its Gulf allies see Iran — a bitter religious and political opponent — as their main regional adversary.

They know that Iran, dominated by the Shia Muslim sect, supports a resentful underclass of more than a million under-privileged and angry Shia people living in the gulf peninsula — a potential uprising waiting to happen against the Saudi regime.

The Saudis, who are overwhelmingly Sunni Muslims, also loathe the way Iran supports President Assad’s regime in Syria — with which the Iranians have a religious affiliation. They also know that Iran, its economy plagued by corruption and crippled by Western sanctions, desperately needs the oil price to rise. And they have no intention of helping out.

The fact is that the Saudis remain in a strong position because oil is cheap to produce there, and the country has such vast reserves. It can withstand a year — or three — of low oil prices.

There are others out there that are fully convinced that the Saudis and the U.S. are actually colluding to drive down the price of oil, and that their real goal is to destroy Russia.

In fact, Venezuela’s President Nicolas Maduro openly promoted this theory during a recent speech on Venezuelan national television

“Did you know there’s an oil war? And the war has an objective: to destroy Russia,” he said in a speech to state businessmen carried live on state TV.

“It’s a strategically planned war … also aimed at Venezuela, to try and destroy our revolution and cause an economic collapse,” he added, accusing the United States of trying to flood the market with shale oil.

Venezuela and Russia, which both have fractious ties with Washington, are widely considered the nations hardest hit by the global oil price fall.

And as I discussed just the other day, Russian President Vladimir Putin seems to agree with this theory…

“We all see the lowering of oil prices. There’s lots of talk about what’s causing it. Could it be an agreement between the U.S. and Saudi Arabia to punish Iran and affect the economies of Russia and Venezuela? It could.”

Without a doubt, Obama wants to “punish” Russia for what has been going on in Ukraine.  Going after oil is one of the best ways to do that.  And if the U.S. shale industry gets hurt in the process, that is a bonus for the radical environmentalists in Obama’s administration.

There are yet others that see this oil war as being even more complicated.

Marin Katusa believes that this is actually a three-way war between OPEC, Russia and the United States…

“It’s a three-way oil war between OPEC, Russia and North American shale,” says Marin Katusa, author of “The Colder War,” and chief energy investment strategist at Casey Research.

Katusa doesn’t see production slowing in 2015: “We know that OPEC will not be cutting back production. They’re going to increase it. Russia has increased production to all-time highs.” With Russia and OPEC refusing to give up market share how will the shale industry compete?

Katusa thinks the longevity and staying power of the shale industry will keep it viable and profitable. “The versatility and the survivability of a lot of these shale producers will surprise people. I don’t see that the shale sector is going to collapse over night,” he says. Shale sweet spots like North Dakota’s Bakken region and Texas’ Eagle Ford area will help keep production levels up and output steady.

Whatever the true motivation for this oil war is, it does not appear that it is going to end any time soon.

And so that means that the price of oil is going to go lower.

How much lower?

One analyst recently told CNN that we could see the price of oil dip into the $30s next year…

Few saw the energy meltdown coming. Now that it’s here, industry analysts warn another move lower is possible as the momentum remains firmly to the downside.

“If this doesn’t hold, we could go back to price levels in late 2008 and early 2009 — down in the $30s. There’s no reason why it couldn’t happen,” said Darin Newsom, senior analyst at Telvent DTN.

Others are even more pessimistic.  For instance, Jeremy Warner of the Sydney Morning Herald, who correctly predicted that the price of oil would fall below $80 this year, is now forecasting that the price of oil could fall all the way down to $20 next year…

Revisiting the past year’s predictions is, for most columnists a frequently humbling experience. The howlers tend to far outweigh the successes. Yet, for a change, I can genuinely claim to have got my main call for markets – that oil would sink to $US80 a barrel or less – spot on, and for the right reasons, too.

Just in case you think I’m making it up, this is what I said 12 months ago: “My big prediction is for $US80 oil, from which much of the rest of my outlook for the coming year flows. It’s hard to overstate the significance of a much lower oil price – Brent at, say, $US80 a barrel, or perhaps lower still – yet this is a surprisingly likely prospect, the implications of which have been largely missed by mainstream economic forecasters.”

If on to a good thing, you might as well stick with it; so for the coming year, I’m doubling up on this forecast. Far from bouncing back to the post crisis “normal” of something over $US100 a barrel, as many oil traders seem to expect, my view is that the oil price will remain low for a long time, sinking to perhaps as little as $US20 a barrel over the coming year before recovering a little.

But even Warner’s chilling prediction is not the most bearish.

A technical analyst named Abigail Doolittle recently told CNBC that under a worst case scenario the price of oil could fall as low as $14 a barrel…

No one really saw 2014’s dramatic plunge in oil price coming, so it’s probably fair to say that any predictions about where it’s going from here fall somewhere between educated guesses and picking a number out of a hat.

In that light, it’s less than shocking to see one analyst making a case—albeit in a pure outlier sense—for a drop all the way below $14 a barrel.

Abigail Doolittle, who does business under the name Peak Theories Research, posits that current chart trends point to the possibility that crude has three downside target areas where it could find support—$44, $35 and the nightmare scenario of, yes, $13.65.

But the truth is that none of those scenarios need to happen in order for this oil war to absolutely devastate the U.S. economy and the U.S. financial system.

There is a very strong correlation between the price of oil and the performance of energy stocks and energy bonds.  But over the past couple of weeks this correlation has been broken.  The following chart comes from Zero Hedge

Energy Stocks - Zero Hedge

It is inevitable that at some point we will see energy stocks and energy bonds come back into line with the price of crude oil.

And it isn’t just energy stocks and bonds that we need to be concerned about.  There is only one other time in all of history when the price of oil has crashed by more than 50 dollars in less than a year.  That was in 2008 – just before the great financial crisis that erupted in the fall of that year.  For much, much more on this, please see my previous article entitled “Guess What Happened The Last Time The Price Of Oil Crashed Like This?…

Whether the price of oil crashed or not, we were already on the verge of massive financial troubles.

But the fact that the price of oil has collapsed makes all of our potential problems much, much worse.

As we enter 2015, keep an eye on energy stocks, energy bonds and listen for any mention of problems with derivatives.  The next great financial crisis is right around the corner, but most people will never see it coming until they are blindsided by it.

This article first appeared at The Economic Collapse Blog: Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?

About the author:

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.

Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream

Read his new book The Beginning of the End