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(Image/USGS)

By Renee Duff – AccuWeather

A magnitude-7.8 earthquake jolted New Zealand early Sunday morning, generating a tsunami along the South Island’s northeast coast.

The earthquake struck 58 miles (93 km) north-northeast of Christchurch, the U.S. Geological Survey (USGS) reported.

The 7.8-magnitude earthquake hit near the coast and was a shallow quake with the epicenter occurring just 14.3 miles (23.0 km) below the earth’s surface, according to the USGS.

Continue reading at AccuWeather: Magnitude-7.8 earthquake rocks New Zealand

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New Zealand - Public Domain

By Michael Snyder – The Economic Collapse Blog

Why are the global elite buying extremely remote compounds that come with their own private airstrips in the middle of nowhere on the other side of the planet?  And why did they start dumping stocks like crazy earlier this year?  Do they know something that the rest of us don’t?  The things that I am about to share with you are quite alarming.  It appears that the global elite have a really good idea of what is coming, and they have already taken substantial steps to prepare for it.  Sadly, most of the general population is absolutely clueless about the financial collapse that is about to take place, and thus most of them will be completely blindsided by it.

As I discussed the other day, the only way that you make money in the stock market is if you get out in time.  The elite understand this very well, and that is why they have been dumping stocks for months.  This is something that has even been reported in the mainstream news.  For example, this comes from a CNBC article that was published on June 16th

The so-called smart money is pulling back from market risk, with fund managers taking down exposure to stocks, increasing cash holdings and buying protection against a sharp selloff.

About two weeks before that, I discussed the same phenomenon on my website.  The article that I published on May 30th was entitled “Why Is The Smart Money Suddenly Getting Out Of Stocks And Real Estate?

Did the “smart money” know what was about to happen?  Since the peak of the market, the Dow has already lost more than 2200 points.  All of the gains since the end of the 2013 calendar year have already been completely wiped out.

Continue reading at The Economic Collapse Blog: The Elite Have Prepared For The Coming Collapse – Have You?

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

Gulfstream – Photo by Andre Wadman

 

By Michael Snyder – The American Dream

A lot of ultra-rich people are quietly preparing to “bug out” when the time comes.  They are buying survival properties, they are buying farms in far away countries and they are buying deep underground bunkers.  In fact, a prominent insider at the World Economic Forum in Davos, Switzerland says that “very powerful people are telling us they’re scared” and he shocked his audience when he revealed that he knows “hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand”.  So what do they know?  Why are so many of the super wealthy suddenly preparing bug out locations?  When the elite of the world start preparing for doomsday, that is a very troubling sign.  And right now the elite appear to be quietly preparing for disaster like never before.

The insider that I mentioned above is named Robert Johnson.  He is the president of the Institute of New Economic Thinking, and what he recently told a packed audience in Davos is making headlines all over the planet

With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

But he didn’t stop there.

In a separate interview, Johnson admitted that “very powerful people are telling us they’re scared” and that the elite “see increasing evidence of social instability and violence”.  You can watch video of the entire interview below…

Wow.

And Johnson is not the only one saying these things.

The following quote comes from the Mirror

His comments were backed up by Stewart Wallis, executive director of the New Economics Foundation, who when asked about the comments told CNBC Africa: “Getaway cars the airstrips in New Zealand and all that sort of thing, so basically a way to get off.  If they can get off, onto another planet, some of them would.”

Of course not all elitists are planning to jet off to the other side of the globe.

Some are planning to go deep underground when things hit the fan.

For example, there is an underground decommissioned missile silo in Kansas that has been transformed into luxury survival condos by a real estate developer.  The following is from a Wall Street Journal article about those condos…

The so-called Survival Condo complex boasts full and half-floor units that cost $1.5 million to $3 million each. The building can accommodate up to 75 people, and buyers include doctors, scientists and entrepreneurs, says developer Larry Hall.

Mr. Hall, who lives in a Denver suburb, bought his first missile-silo site in Kansas in 2008 and completed construction in December 2012. A year later, he says, the development had sold out. Work on the second security compound—the one where Mr. Allen bought a unit—is under way, and Mr. Hall says he is considering additional sites in Texas and elsewhere.

As former nuclear missile sites built under the supervision of the Army Corps of Engineers, the structures were originally designed to withstand a direct hit by a nuclear bomb. At ground level, they can be sealed up by two armored doors weighing 16,000 pounds each. Mr. Hall added sophisticated water and air-treatment facilities, state-of-the-art computer network technology and several alternate power generation capabilities.

Other wealthy individuals are turning their current homes into high tech security fortresses.

Those that are involved in providing these kinds of services have seen business absolutely soar in recent years…

Wealthy families across the country are shelling out millions to protect their loved ones from intruders, natural disasters or the apocalypse as home security goes increasingly sci-fi.

Companies that provide concerned homeowners with futuristic gadgets – and a priceless peace of mind – have revealed the growing demand of costly bunkers, passageways, panic rooms and recognition software.

Chris Pollack – president of Pollack+Partners, a design and construction adviser in Purchase, New York – told Forbes that, while security has always been important for the wealthiest clients, the spending on home security has noticeably grown in the past five years.

And the options available on the market are like something from a Bond film.

For much more on this, please see my previous article entitled “Why Are So Many Wealthy People Building Futuristic High Tech Security Bunkers?

So why are all of these wealthy people so alarmed?

Well, the truth is that they can see what is happening.

They can see that millions of people are falling out of the middle class.  They can see that society is breaking down in thousands of different ways.  They can see that anger and frustration are rising to unprecedented levels.  And they can see that things are likely to boil over once the next major economic crisis strikes.

Even though the economy is still fairly stable for the moment, signs of increasing economic suffering are everywhere.  For example, the Los Angeles Times is reporting that homeless encampments are rapidly spreading throughout the Los Angeles area…

Over the last two years, street encampments have jumped their historic boundaries in downtown Los Angeles, lining freeways and filling underpasses from Echo Park to South Los Angeles. The Los Angeles Homeless Services Authority, a city-county agency, received 767 calls about street encampments in 2014, up 60% from the 479 in 2013.

We live at a time when almost everyone is getting poorer except for the elite.  The top 1 percent now have close to 50 percent of the wealth in the entire world, and each year wealth becomes even more concentrated in their hands.

The elite know that eventually a breaking point is going to come.  Those that are smart don’t want to be around when that happens.

And we got a few clues about what things might look like what that time comes from the recent “snow scare” in New York.  Frightened consumers wiped out supplies of bread, milk and eggs within just a few hours.  People started to take advantage of one another, even the journalists seemed like they were on the verge of panic, and virtually the entire city shut down.

All of this over just a few snowflakes.

So what is going to happen when we have a real crisis?

If the elite are preparing to bug out, it is hard to blame them.

I wouldn’t want to be right in the middle of a volcano when it erupts either.

Life is about to dramatically change, and signs of the coming storm are everywhere.

I hope that you are getting prepared for what is about to hit us while you still can.

This article first appeared at The American Dream: What Do They Know? Why Are So Many Of The Super Wealthy Preparing Bug Out Locations?

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

Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it.  If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen.  The name of this treaty is “the Trans-Pacific Partnership”, and the text of the treaty is so closely guarded that not even members of Congress know what is in it.  Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.  These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy.  And it is hoped that the EU, China and India will eventually join as well.  This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.

Even though Congress is not being allowed to see what is in the treaty, Barack Obama wants Congress to give him fast track negotiating authority.  What that means is that Congress would essentially trust Obama to negotiate a good treaty for us.  Congress could vote the treaty up or down, but would not be able to amend or filibuster it.

Of course now the Republicans control both houses of Congress.  If they are foolish enough to blindly give Barack Obama so much power, they should all immediately resign.

And it is critical that people understand that this is not just an economic treaty.  It is basically a gigantic end run around Congress.  Thanks to leaks, we have learned that so many of the things that Obama has deeply wanted for years are in this treaty.  If adopted, this treaty will fundamentally change our laws regarding Internet freedom, healthcare, copyright and patent protection, food safety, environmental standards, civil liberties and so much more.  This treaty includes many of the rules that alarmed Internet activists so much when SOPA was being debated, it would essentially ban all “Buy American” laws, it would give Wall Street banks much more freedom to trade risky derivatives and it would force even more domestic manufacturing offshore.

In other words, it is the treaty from hell.

In addition to imposing Obama’s vision for the world on 40 percent of the global population, it is also being described as a “Christmas wish-list for major corporations”.  Of the 29 chapters in the treaty, only five of them actually deal with economic issues.  The rest of the treaty deals with a whole host of other issues of great importance to the global elite.

The following list of issues addressed by this treaty is from a Malaysian news source

• domestic court decisions and international legal standards (e.g., overriding domestic laws on both trade and nontrade matters, foreign investors’ right to sue governments in international tribunals that would overrule the national sovereignty)

• environmental regulations (e.g., nuclear energy, pollution, sustainability)

• financial deregulation (e.g., more power and privileges to the bankers and financiers)

• food safety (e.g., lowering food self-sufficiency, prohibition of mandatory labeling of genetically modified products, or bovine spongiform encephalopathy (BSE) or mad cow disease)

• Government procurement (e.g., no more buy locally produced/grown)

• Internet freedom (e.g., monitoring and policing user activity)

• labour (e.g., welfare regulation, workplace safety, relocating domestic jobs abroad)

• patent protection, copyrights (e.g., decrease access to affordable medicine)

• public access to essential services may be restricted due to investment rules (e.g., water, electricity, and gas)

Why can’t we get this type of reporting in the United States?

And if this treaty is ultimately approved by Congress, we will essentially be stuck with it forever.

This treaty is written in such a way that the United States will be permanently bound by all of the provisions and will never be able to alter them unless all of the other countries agree.

Are you starting to understand why this treaty is so dangerous?

This treaty is the key to Obama’s “legacy”.  He wants to impose his will upon 40 percent of the global population in a way that will never be able to be overturned.

Of course Obama is touting this treaty as the path to economic recovery.  He promises that it will greatly increase global trade, decrease tariffs and create more jobs for American workers.

But instead, it would be a major step toward destroying what is left of the U.S. economy.

Over the past several decades, every time a major trade agreement has been signed we have seen even more good jobs leave the United States.

And it doesn’t take a genius to figure out why this is happening.  If corporations can move jobs to the other side of the planet to nations where it is legal to pay slave labor wages, they will make larger profits.

Just think about it.  If you were running a corporation and you had the choice of paying workers ten dollars an hour or one dollar an hour, which would you choose?

Plus there are so many other costs, taxes and paperwork hassles when you deal with American workers.  For example, big corporations will not have to provide Obamacare for their foreign workers.  That alone will represent a huge savings.

Any basic course in economics will teach you that labor flows from markets where labor costs are high to markets where labor costs are lower.  And at this point it costs less to make almost everything overseas.  As a result, we have already lost millions upon millions of good jobs, and countless small and mid-size U.S. companies have been forced to shut down because they cannot compete with foreign manufacturers.

Later this month, consumers will flock to retail stores for “Black Friday” deals.  But if you look carefully at those products, you will find that almost all of them are made overseas.  We buy far, far more from the rest of the world than they buy from us, and that is a recipe for national economic suicide.

We consume far more wealth that we produce, and anyone with half a brain can see that is not sustainable in the long run.  The only way that we have been able to maintain our high standard of living is by going into insane amounts of debt.  We are currently living in the largest debt bubble in the history of the planet, and at some point the party is going to end.

Please share this article with as many people as you can.  We need to inform people about what Obama is trying to do.

If Obama is successful in ramming this secret treaty through, it is going to do incalculable damage to what is left of the once great U.S. economy.

This article first appeared at The Economic Collapse: Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

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

earthquake35

RSOE EDIS Event Report: Sunday February 2, 2014

Generated By:  RSOE EDIS – Emergency and Disaster Information Service

Preliminary Earthquake Report
Notice! This is a computer-generated report – this event has not reviewed by a seismologist!

EDIS Number: EQ-20140202-383091-NZL Common Alerting Protocol
Magnitude: 6.6
Mercalli scale: 8
Date-Time [UTC]: 02 February, 2014 at 09:26:32 UTC
Local Date/Time: Sunday, February 02, 2014 at 09:26 in the moorning at epicenter
Coordinate: 33° 2.400, 177° 44.400
Depth: 2   km (1.24 miles)
Hypocentrum: Shallow depth
Class: Strong
Region: Australia & New-Zealand
Country: New Zealand
Location: 646.1 km (401.47 miles) S  of Ruatoria, Gisborne, New Zealand
Source: EMSC
Generated Tsunami: Not or no data!
Damage: Not or no data
The potential impact of the earthquake
Drivers have trouble steering. Houses that are not bolted down might shift on their foundations. Tall structures such as towers and chimneys might twist and fall. Well-built buildings suffer slight damage. Poorly built structures suffer severe damage. Tree branches break. Hillsides might crack if the ground is wet. Water levels in wells might change.
Preliminary Earthquake Report
Notice! This is a computer-generated report – this event has not reviewed by a seismologist!

EDIS Number: EQ-20131012-360414-NZL Common Alerting Protocol
Magnitude: 5.2
Mercalli scale: 5
Date-Time [UTC]: 12 October, 2013 at 15:49:03 UTC
Local Date/Time: Saturday, October 12, 2013 at 15:49 in the afternoon at epicenter
Coordinate: 30° 28.800, 176° 36.600
Depth: 32 f km (19.88 miles)
Hypocentrum: Shallow depth
Class: Moderate
Region: Australia & New-Zealand
Country: New Zealand
Location: 946.4 km (588.07 miles) S  of Ruatoria, Gisborne, New Zealand
Source: EMSC
Generated Tsunami: Not or no data!
Damage: Not or no data
The potential impact of the earthquake
Almost everyone feels movement. Sleeping people are awakened. Doors swing open or close. Dishes are broken. Pictures on the wall move. Small objects move or are turned over. Trees might shake. Liquids might spill out of open containers.

RSOE EDIS – Preliminary Earthquake Report in Ruatoria, Gisborne, New Zealand.

White Island (New Zealand): A small steam and mud eruption occurred yesterday, following the small energetic steam venting on 4 Oct and another increase in seismic activity during 7 Oct. Since then, seismic activity has decreased again.
GeoNet reports: “This afternoon (8 Oct) from about 3.05 pm until 3.20 pm there was a period of strong seismicity, which was accompanied by acoustic signals and a minor steam and mud eruption. This generated a steam plume which might have been seen from the mainland. Because these small eruptions have become more frequent the Aviation Colour Code has been raised from Green to Yellow but the Volcanic Alert Level remains at 1.”
“Volcanic tremor levels have been elevated since about 24 September, but are at lower levels than those during eruptive activity during the January to April period this year.”
Video compilation from the web camera on the North Rim shows activity at 3.05 pm to 3.20 pm with jets of steam and some small slugs of mud pulsing above the inner crater rim.

Veniaminof (Alaska Peninsula, USA): The eruption of Veniaminof continues with the effusion of lava from the cone in the summit caldera.
Seismic activity remains elevated, but constant. Elevated surface temperatures consistent with the continued extrusion of lava were observed in several images during clear periods over the past day. No ash detected. (AVO daily update)

Source: Volcano Discovery