U.S. Hyperinflation Possible By Year 2015

The U.S. government this week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.

The U.S. national debt is now $12.55 trillion of which $8.061 trillion is public debt. Due to the Federal Reserve's artificially low interest rates of 0% to 0.25%, interest payments on our national debt last month were only $16.9 billion, an interest rate of only 2.548% on our public debt. The reason for the spread between our 2.548% interest rate on the public debt and the federal funds rate of 0 to 0.25% is that a portion of our national debt is made up of long-term bonds at higher interest rates.

Our debt ceiling was recently raised to $14.3 trillion, which we are on track to reach in less than a year, sending our public debt up to about $10 trillion. If the Federal Reserve raises the federal funds rate up to just 2% during the next year, NIA believes the interest rate on our public debt could rise to 5% and our annual interest payments will likely rise to $500 million or 23% of projected 2010 tax receipts of $2.165 trillion.

The White House is not projecting for interest payments on the national debt to break the $500 million mark until fiscal year 2014. By then, even if we go by White House projections that the deficit will be cut to $828 billion in 2012, $727 billion in 2013 and $706 billion in 2014, in 2014 we will still be looking at a national debt of over $18.5 trillion with a public portion of around $13.14 trillion. We find it shocking that the White House is projecting an interest rate on our public debt in 2014 of only around 4%.

All of this means that the While House expects the Federal Reserve to leave interest rates at artificially low levels almost indefinitely. However, we know it will be impossible for them to do so without creating a huge outbreak of inflation in the prices of food, energy, clothing, and just about everything else Americans need to live and survive. In order to prevent hyperinflation, we need interest rates to be higher than the rate of inflation.

NIA believes the real rate of U.S. inflation to already be approximately 5%. If the Federal Reserve doesn't raise the federal funds rate to above 5% in the short-term, in our opinion, an outbreak of double-digit inflation is inevitable. By 2014, it is possible the Federal Reserve will be forced to raise the federal funds rate up to above 10% and the public portion of our national debt could exceed $15 trillion. Therefore, in 2014 we could see the interest payments on our national debt reach $1.5 trillion, about triple what is currently being projected and 43% of the government's projected tax receipts that year of $3.455 trillion.

NIA believes hyperinflation is possible by the year 2015. Besides the rising interest payments on our national debt, another major catalyst for hyperinflation will be social security payments, which adjust to the CPI-index. As the government's CPI-index rises, so will the social security payments that it owes. This could cause a death-spiral in the U.S. dollar. Inflation is still the last thing on the minds of most Americans, but soon it will be their primary concern.

Please spread the word about NIA and have your friends and family subscribe for free at: http://inflation.us

Can You Build a Fusion Reactor for $20 million?

"There's a feeling that the research has to be done by a government, that it costs billions of dollars and that 3,000 smart people can't be wrong."

In a fascinating new interview, the CEO of General Fusion explains why he believes today's cheap digital signal processors have now actually become powerful enough to control a fusion energy-generating plasma reaction!

This could create a virtually unlimited source of clean energy. "Those involved in science should be curious, but it's easier to just dismiss us." Working with just $9 million from private investors and a $12.9 million grant, General Fusion is currently finishing their components, and in 2011 they'll assemble the reactor. And if his company succeeds, they'll revolutionize the energy industry.

"Electric plants in the United States take three trainloads of coal a day, but you could run a fusion reactor with one truckload of heavy water for a year."

Velikovsky's Comet Venus

Immanuel Velikovsky concluded from his extensive interdisciplinary research that the planet Venus was remembered from the time of the dawn of civilization as a brilliant cometary body.

Have we overlooked something? Is it possible images of Comet Venus have been staring us in the face for decades?

http://www.thunderbolts.info/tpod/00curr...

Is the future of humanity zombie?

Would you join the zombies?

George Romero once said, if faced with a zombie apocalypse, he'd run out and join them. This article traces the secret appeal of collaborating with world-conquering zombies, and suggests zombie-mania is becoming a real social force. "For many readers and viewers of zombie stuff, the zombies are what you practice on while preparing for the real uprisings to come."

Besides zombie literature like "Pride and Prejudice and Zombies" and George Romero's new upcoming zombie movie, Marvel even launched a line of superhero comics called... "Marvel Zombies". And people are staging zombie-themed flash mobs on two different continents...)

But zombie message boards inevitably turn to discussions about real-world survivalism tactics, which has its own appeal. "The iconic zombie horde isn't just a stand-in for a terrifying undifferentiated Other, but a symbol of how we might shamble and shuffle toward liberation... Zombies will wear the monkey suits they were buried in, or the tattered uniforms of their old day jobs, but they don't have to dress to impress or keep up appearances."

It may also be a secret reflection on the political stalemate of our time, since "characters who escape the zombies often find themselves confronting a corrupt human authority even worse than the undead."

"In a zombie apocalypse, there are only two choices. Go down fighting, and not for humanity but rather for canned goods and isolated mountain cabins. Or you can find the awe within the horror, the freedom of a sort that can only be enjoyed by former slaves, and do what George Romero once said he'd do if the zombie apocalypse came to his door: go out and get bitten."

Would you join the zombies?

The New Cocaine Mafia

Vanguard correspondent Christof Putzel travels to southern Italy to investigate how Europe’s growing appetite for cocaine is funding the growth of West African crime syndicates and fueling a turf war with Italy’s largest mafia organization, the Camorra.

See the video at http://www.brainwaving.com/2010/03/08/th...

MUSHROOMS IN WONDERLAND

Was Alice in Wonderland and Victorian fairy art and lore in general inspired by actual experiences with mind-altering fungi?

The first well-documented hallucinogenic mushroom experience in Britain took place in London’s Green Park on 3 October 1799. Like many such experiences before and since, it was accidental. A man subsequently identified only as ‘J.S.’ was in the habit of gathering small field mushrooms from the park on autumn mornings, and cooking them up into a breakfast broth for his wife and young family. But this particular morning, an hour after they had finished eating, the world began to turn very strange. J.S. found black spots and odd flashes of colour bursting across his vision; he became disorientated, and had difficulty in standing and moving around. His family were complaining of stomach cramps and cold, numb extremities. The notion of poisonous toadstools leapt to his mind, and he staggered out into the streets to seek help. but within a hundred yards he had forgotten where he was going, or why, and was found wandering about in a confused state.

© Mike Jay

By chance, a doctor named Everard Brande happened to be passing through this insalubrious part of town, and he was summoned to treat J.S. and his family. The scene that he discovered was so bizarre and unfamiliar that he would write it up at length and publish it in The Medical and Physical Journal later that year. The family’s symptoms were rising and falling in giddy waves, their pupils dilated, their pulses and breathing becoming fluttering and laboured, then returning to normal before accelerating into another crisis. They were all fixated on the fear that they were dying, except for the youngest, the eight-year-old Edward S., whose symptoms were the strangest of all. He had eaten a large portion of the mushrooms and was ‘attacked with fits of immoderate laughter’ which his parents’ threats could not subdue. He seemed to have been transported into another world, from which he would only return under duress to speak nonsense: ‘when roused and interrogated as to it, he answered indifferently, yes or no, as he did to every other question, evidently without any relation to what was asked’.

Dr.Everard Brande would diagnose the family’s condition as the ‘deleterious effects of a very common species of agaric [mushroom], not hitherto suspected to be poisonous’. Today, we can be more specific: this was clearly intoxication by Liberty Caps (Psilocybe semilanceata), the ‘magic mushrooms’ which grow plentifully across the hills, moors, commons, golf courses and playing fields of Britain every autumn. But though Dr.Brande’s account of the J.S. family’s trip would not be forgotten, and would continue to be cited in Victorian drug literature for decades, the nineteenth century would come and go without any conclusive identification of the Liberty Cap as the species in question. In fact, it would not be until Albert Hoffman, the discoverer of LSD, turned his attention to hallucinogenic mushrooms in the 1950s that the botanical identity of these and other mushrooms containing psilocybin, LSD’s chemical cousin, would be confirmed.

Read the full article at http://www.brainwaving.com/2010/03/01/mu...

Why the Next Global Superpower is...Korea?

Korea's 360 naturally-occuring minerals have an estimated worth of $6 trillion. And today South Korea is already #1 in digital technology, #1 in shipbuilding, it constructed the world's tallest building, the largest shopping center, the biggest boat.

How'd South Korea do it? Relentless education, long work hours (2,390 hours per person annually, 34% more than Americans) and brave creativity - they own the 3rd largest number of patents... South Koreans between 25-34 years old are now more likely to have an upper secondary education (97%) than anyone else in the world.

And now South Korea's government is investing $750 million to become the world robot leader within the next eight years.

They plan to get a service robot in every home within a decade, and they're developing English-teaching robots to replace up to 30,000 human instructors at language institutes. The demilitarized zone even inspired an "Intelligence Surveillance and Guard" robot "that detects and interrogates intruders, sounds alarms, and can fire with a Daewoo K-3 machine gun."

And finally, they're building "Robot Land" - a combination grad school, R & D robotics center, and theme park with 340 robots, including the 364-foot tall Robot Taekwon U - "Voltar the Invincible". Plus, South Korea also has 3,000 computer specialists just to counter online attacks from North
Korea...

South Korea is now 15 years ahead of the USA in broadband speed with 95% of its households online. (Made easier by their cramped population -- imagine 50 million people in Kentucky.) And because of this, "South Korea dwells in a futuristic web frenzy...

Placebos – Is Mind more important than Matter?

In a review of recent research, international experts say there is increasing evidence that fake treatments, or placebos, have an actual biological effect in the body.

The doctor-patient relationship, plus the expectation of recovery, may sometimes be enough to change a patient’s brain, body and behavior, experts write. The review of previous research on placebos was published online Friday in Lancet, the British medical journal.

“It’s not that placebos or inert substances help,” said Linda Blair, a Bath-based psychologist and spokeswoman for the British Psychological Society. Blair was not linked to the research. “It’s that people’s belief in inert substances help.”

Read the full article at http://www.brainwaving.com/2010/02/19/pl...

Terrorists vs. Transhumanists

Former counterterrorism czar Richard Clarke’s BREAKPOINT novel, set in the year 2012, is based on emerging technologies. “Globegrid,” a high-speed global network, links supercomputers worldwide. Combined with advanced AI software, it promises to reverse-engineer the brain, revolutionize genomics, enable medical breakthroughs, develop advanced human-machine interfaces, and allow for genetic alterations and even uploading consciousness. But it spurs a terrorist-fundamentalist Luddite backlash against transhumanists, as hackers take down the power grid, and destroy vital international data and telecom links, communications satellites, and biotech firms.

BREAKPOINT: terrorists vs. transhumanists
Big Ideas — POSTED BY Joe Murray on February 17, 2010 at 12:05 pm | Edit

Former counterterrorism czar Richard Clarke’s BREAKPOINT novel, set in the year 2012, is based on emerging technologies. “Globegrid,” a high-speed global network, links supercomputers worldwide. Combined with advanced AI software, it promises to reverse-engineer the brain, revolutionize genomics, enable medical breakthroughs, develop advanced human-machine interfaces, and allow for genetic alterations and even uploading consciousness. But it spurs a terrorist-fundamentalist Luddite backlash against transhumanists, as hackers take down the power grid, and destroy vital international data and telecom links, communications satellites, and biotech firms.

Author’s Note:

It may read to some like science fiction, but it is based on emerging technologies that are the subject of research today

In The Scorpion’s Gate, I projected a world in 2010, with the United States and China competing politically and economically for a dwindling supply of increasingly expensive oil and gas. That competition naturally took them to the Persian Gulf, where the largest oil deposits remained. The Persian Gulf of 2010 was unstable, with the United States threatening Iran, and fundamentalist Islamic forces emerging in Saudi Arabia. Corruption and giant corporations made Washington a political battleground. While I noted at the time of publication that the work was not meant to be predictive, many of the trends in the novel have developed and are dominating the news.

Read the full article at http://www.brainwaving.com/2010/02/17/br...

by Richard A. Clarke

Breakpoint, set in 2012, is meant to be predictive, at least about technology. It may read to some like science fiction, but it is based on emerging technologies that are the subject of research today. Scientists and engineers differ in their views about when the research will result in deployed technology, but their differences are most often a discussion of “when,” not “if.”

Can You Find Consciousness In The Brain?

MOST neuroscientists, philosophers of the mind and science journalists feel the time is near when we will be able to explain the mystery of human consciousness in terms of the activity of the brain. There is, however, a vocal minority of neurosceptics who contest this orthodoxy. Among them are those who focus on claims neuroscience makes about the preciseness of correlations between indirectly observed neural activity and different mental functions, states or experiences.

This was well captured in a 2009 article in Perspectives on Psychological Science by Harold Pashler from the University of California, San Diego, and colleagues, that argued: “…these correlations are higher than should be expected given the (evidently limited) reliability of both fMRI and personality measures. The high correlations are all the more puzzling because method sections rarely contain much detail about how the correlations were obtained.”

Read the full article at http://www.brainwaving.com/2010/02/23/ca...

Psi-verts and psychic piracy: The future of parapsychology?

I woke up this morning with a psychic advert left lingering in my dreaming mind. It was some kind of oneiric flyer for a new type of yoga, it even had a telephone number on it to call. This fanciful hypnopompic intrusion brought me back to the idea that if science can identify techniques for reliably producing psychic abilities (termed ‘psi’) then PR executives will soon be pumping millions into pumping adverts directly into our minds. Forget the television, tube trains and pub toilets, we’ll have adverts (or perhaps ‘psiverts’) sneaking rudely into our subconscious and marauding around our dreamscapes at all times of night and day. We won’t even have to open our ears or eyes to be lured in by the latest product we probably don’t need. As a parapsychologist this is one of the annoying possibilities I’ll have to take responsibility for, if and when my research field starts producing practical commercial applications, but what’s the real likelihood of this? I’ll come back to this issue at the end, and instead begin by asking what is the current state of the art in psychical research?

To read Dr David Luke's full article got to http://www.brainwaving.com/2009/10/28/ps...

The Birth of the Illuminatti Conspiracy

‘DARKNESS OVER ALL’ – JOHN ROBISON AND THE BIRTH OF THE ILLUMINATI CONSPIRACY

At the beginning of 1797, John Robison was a man with a solid and long-standing reputation in the British scientific establishment. He had been Professor of Natural Philosophy at Edinburgh University for over twenty years, an authority on mathematics and optics, and had recently been appointed senior scientific contributor on the third edition of the Encyclopaedia Britannica, to which he would eventually contribute over a thousand pages of articles. Yet by the end of the year, his professional reputation had been eclipsed by a sensational book that vastly outsold anything he had previously written, and whose shockwaves would continue to reverberate long after his scientific work had been forgotten. Its title was Proofs of a Conspiracy against all the Religions and Governments of Europe, and it launched on the English-speaking public the enduring theory that a vast conspiracy, masterminded by a covert Masonic cell known as the Illuminati, was in the process of subverting all the cherished institutions of the civilised world and co-opting them into instruments of its secret and godless plan: the tyranny of the masses under the invisible control of unknown superiors, and a new era of ‘darkness over all’.

Read the full article at http://www.brainwaving.com/2009/11/09/th...

LSD for the NHS?

A British charity is stepping up efforts to rehabilitate LSD, one of the world’s best-known “recreational” drugs, for medicinal use.

The Beckley Foundation, which numbers Professor Colin Blakemore, former head of the Medical Research Council, among its scientific advisers, is helping fund and lobby for a series of clinical trials to study the effects of lysergic acid diethylamide on the human brain.

The foundation has helped co-ordinate a network of researchers and supported the recent launch of one Swiss and two US studies, as well as prepare for a clinical trial in Germany and hold discussions about research within Britain.

The action follows years of suspicion by governments towards LSD since its original role in psychotherapy following the second world war was usurped by the counterculture of the 1960s, triggering bans in the US in 1968 and around the world after the 1971 UN Convention on Psychotropic Substances.

Read the full article at http://www.brainwaving.com/2010/02/16/ls...

ADVENTURES IN THE FOURTH DIMENSION

THE TIME MACHINE AND THE BIRTH OF CINEMA

In October 1895, the twenty-nine year old H.G.Wells was in the first flush of his fame and success. The Time Machine, serialised the previous year, had appeared in book form over the summer, and was heading for the Christmas bestseller lists on the back of reviews that were already proclaiming its author a ‘man of genius’. Publishers and magazines were scrabbling over the rights to his future work, and outlines and sketches for The Island of Dr.Moreau and War of the Worlds were being briskly circulated on both sides of the Atlantic. Robert W PaulBut the most curious approach that Wells received that month was from a designer of electrical and optical instruments named Robert W. Paul, inviting him to his offices at 44 Hatton Gardens to discuss a patent that he was developing to bring the Time Machine to life before the eyes of the paying public.

© Mike Jay

What Paul had in mind was not strictly a movie, as the projected motion picture was yet to be invented: the Lumière Brothers’ historic Cinématographe exhibition at the Café de Paris would not take place until December 28 of that year. Yet in other respects it was far more than a movie, a multimedia extravaganza involving magic lanterns, viewing carriages, wind machines, flicker-strips and futuristic stage sets that remains unrealised even today. Like the Lumières – and indeed many technicians across Europe and America – Paul had the projected moving image in his sights, but his route of approach towards it was unique, and Wells’ concept of the Time Machine uniquely suited as its subject matter. For Paul had realised that he was attempting to do precisely what Wells’ protagonist, the Time Traveller, had done: design a device for travel in the fourth dimension.

To read the full article go to http://www.brainwaving.com/2010/02/11/ad...

ADVENTURES IN THE FOURTH DIMENSION

THE TIME MACHINE AND THE BIRTH OF CINEMA

In October 1895, the twenty-nine year old H.G.Wells was in the first flush of his fame and success. The Time Machine, serialised the previous year, had appeared in book form over the summer, and was heading for the Christmas bestseller lists on the back of reviews that were already proclaiming its author a ‘man of genius’. Publishers and magazines were scrabbling over the rights to his future work, and outlines and sketches for The Island of Dr.Moreau and War of the Worlds were being briskly circulated on both sides of the Atlantic. Robert W PaulBut the most curious approach that Wells received that month was from a designer of electrical and optical instruments named Robert W. Paul, inviting him to his offices at 44 Hatton Gardens to discuss a patent that he was developing to bring the Time Machine to life before the eyes of the paying public.

© Mike Jay, from http://mikejay.net/

What Paul had in mind was not strictly a movie, as the projected motion picture was yet to be invented: the Lumière Brothers’ historic Cinématographe exhibition at the Café de Paris would not take place until December 28 of that year. Yet in other respects it was far more than a movie, a multimedia extravaganza involving magic lanterns, viewing carriages, wind machines, flicker-strips and futuristic stage sets that remains unrealised even today. Like the Lumières – and indeed many technicians across Europe and America – Paul had the projected moving image in his sights, but his route of approach towards it was unique, and Wells’ concept of the Time Machine uniquely suited as its subject matter. For Paul had realised that he was attempting to do precisely what Wells’ protagonist, the Time Traveller, had done: design a device for travel in the fourth dimension.

Both the original serialisation and the novel of the Time Machine open with a Socratic dialogue led by the Time Traveller, arguing that time is the fourth dimension and that it is theoretically possible to travel in it just as we now travel in the other three. This preamble seems rather superfluous today, but it was speculative four-dimensional geometry that gave Wells the framing device and plot mechanics for his series of future visions, and in turn sold his readers on the assertion that the strange scenes that followed were not fantasies but predictions plausibly informed by cutting-edge science. The authority cited in the novel by the Time Traveller, the American astronomy professor Simon Newcomb’s lecture on the fourth dimension to the New York Mathematical Society in December 1893, had in fact been Wells’ own inspiration for a time-travelling device moving in ‘another dimension at right angles to the other three’.

To read full article go to http://www.brainwaving.com/2010/02/11/ad...