The net result being that the long simmering worldwide deep-Recession, a troublesome Depression for many, which began when banks in the United-States over-extended their own credit in 2008 does not appear to be going anywhere north of the ledger for the foreseeable future. Investors and retirees who squirreled away their nest-eggs 15 years ago in so-called safe instruments saw the value rise until 2001 then flatten-out and stagnate. Check the major stock market indices: They are hovering over the same territory as ten years ago. Little wonder that desperate people have taken to the streets in shiftless and pointless "occupy" protests.
|Weather extremes so severe that some regions |
may be only "marginally habitable".
To digress: Critics of The Bilderberg Group, the highly secretive club of influential business tycoons, financiers and politicians formed in 1954, have accused the "club" of fomenting a plan to reduce the planet's population to a sustainable 500-million to 1-billion people....
The leaked report obtained by the Associated Press says our future together is one of grim floods, more heat waves, more droughts, typhoons, stronger hurricanes and, if the world economy wasn't already bad enough, far greater costs to deal with weather catastrophes. It warns that extremes occasioned by climate change may eventually grow so severe that some locations become..."increasingly marginal as places to live." (!)
AP says the report claims the world will have more extreme spells of 'heat' peaking as much as 5 degrees (C) hotter by 2050 and as much as 9 degrees by the end of the century. Weather reports being compiled in the United-States show already that 2,703 specific daily high temperature records were set this past summer (2011). According to Weather Underground Meteorology, that makes it the hottest summer in the U.S. since the height of the Great Depression Dust Bowl of 1936. - Maybe there's a noteworthy parallel here!
Perhaps there is a valid reason after all why the mysterious centuries' old "Mayan Calendar" expires in December 2012.