Weather News

Many Mississippi Levees Break

June 19, 2008

Elaine Meinel Supkis

The great Midwest floods continue as the wall of water from epic rains in the Great Lakes region moves southwards. Many of the animal concentration camps filled with chickens or hogs or dairy cows are now totally underwater. Most of the larger mammals were removed to high ground. But this flood reminds me about the other Great Mississippi flood of 1927 which bankrupted so many farmers back then. Also, we look at corn prices to try to understand inflation. Corn has jumped from about $3 a bushel to $8 a bushel. This feeds back into the inflationary system, of course. But not quite as directly as oil.

Click here for hundreds of pictures of the Midwest Katrina:

Midwest flood claims another levee, total of 23

(Reuters) - The Mississippi River has flowed over the top of a levee north of St. Louis protecting an environmental management area, bringing the total number of compromised levees to 23, said the U.S. Army Corps of Engineers on Thursday.

The levee, near the convergence of the Missouri and Mississippi rivers, protected about 4,000 acres.

Farm disasters usually aren't noticed much except when they are global in nature or there is some sort of hijinks going on in the financial markets. This year, we have both so it is very obvious to everyone. When the Bread Basket of the US, the Bread Basket of Australia and the Rice Bowl of China all have either terrible, huge floods or droughts in the case of Australia, world food prices go up. Especially when the economies undergoing this are the world's #1 and #3 economies. On top of this, China has nearly a billion people. The need to fix infrastructure from the earthquakes that wrecked Sichuan Province, the terrible winter storms and now, raging floods means higher international food prices as China, holder of the world's biggest FOREX reserves, goes shopping.

The US is deep in debt and competing with China in the food markets because we burn a lot of corn to make energy. People use corn to heat their houses and now, drive the cars. Since much of this is connected with energy prices, this means more inflation at the fundamental levels.

China rushes to fix dams as 9,000 sq miles flooded

(Reuters) - China has posted hundreds of police and rescue officials to shore up dams threatening to burst under torrential rain that has already flooded thousands of square miles of crops and homes.

The rain and floods, concentrated in the southern industrial hub of Guangdong, have killed at least 171 people and left 52 missing since the start of the annual flood season and forecasters have warned of more downpours in coming days.

More than 750 government officials and police had been sent to conduct rescue work for six reservoirs in "danger of bursting" in southern Guangxi region, Xinhua news agency said.

China announced today, they are going to raise the price of energy and state-supported food. The need to relieve inflation by moving it downwards to the classes that are struggling to save money is important: all economic systems right themselves by sucking down savings. It doesn't matter how you save. If you save via investing in anything, it will go down if there is inflation. Then, inflation eats it up. This is the despair of all savers which is why so many humans are 'party today for tomorrow we die.' The ants in the population are always outnumbered by grasshoppers.

Yet all sound banking systems are built upon savers. Ants make capitalism possible. But grasshoppers think only of the consumer side of the ledger which is why all pronouncements about the health of our economy always focus on consumers, never savers. This tension goes back to the beginning of civilization. The earliest city states knew that the central authorities, usually religious magicians, would hold the excess of the previous 7 years of harvest in case of floods, freezes or droughts. This was how 'savings' was born. It requires stern will power to put aside something for the future.

Greenspan and his buddies loved to talk about the 'global savings glut'. They gloated over how to seize this non-consumed wealth. Of course, destroying it via inflation is the oldest method in the books. It goes hand in glove with excess magic money creation by sex-starved gnomes. Heh. The point is, we have lots of dollars floating about and everyone is troubled by problems with farm harvests. The farmers who are not hit by all this will be ecstatic with joy as they get a higher return on their labor. But this won't help them if everything they need to run their farms ends up costing more and more and more thanks to inflation.

From the Canadian Press:

Corn prices reached another record Monday, closing in on US$8 a bushel, as devastating U.S. Midwest floods raised fears of a sharply smaller U.S. corn crop and another spike in world food prices.

Other commodities traded mostly higher, with gold, silver, copper and wheat futures all climbing. Crude oil surged to a record near $140 a barrel and then fell in volatile trading.

Corn prices have shot up 11 per cent in the last week as floodwaters continue to ravage the Midwest, swallowing corn fields just before the crucial growing season. The U.S. government will report June 30 on how many hectares have been lost to flooding, but a survey in Farm Futures magazine estimated that flooding could claim 1.3 million hectares _ or nearly four per cent of the expected crop.

See? Money is looking for some lucrative place to park itself and then 'grow' like weeds in a wet, warm summer. Generally speaking, corn prices go up rapidly when there is growing inflation. It doesn't cause inflation. We have to have this 'perfect storm' situation for it to shoot upwards. Below is a sample as to how this works. The corn growers in Canada track the value of their corn in relation to the rate of inflation. Only very recently, has corn shot up. For much of the last 20 years, it has been fairly stable.

Chart from the Ontario, Canada Corn Producers Association

From the USDA:

Since U.S. ethanol production uses field corn, the most direct impact of increased ethanol production should be on field corn prices and on the price of food products based on field corn. However, even for those products heavily based on field corn, the effect of rising corn prices is dampened by other market factors. For example, an 18-ounce box of corn flakes contains about 12.9 ounces of milled field corn. When field corn is priced at $2.28 per bushel (the 20-year average), the actual value of corn represented in the box of corn flakes is about 3.3 cents (1 bushel = 56 pounds). (The remainder is packaging, processing, advertising, transportation, and other costs.) At $3.40 per bushel, the average price in 2007, the value is about 4.9 cents. The 49-percent increase in corn prices would be expected to raise the price of a box of corn flakes by about 1.6 cents, or 0.5 percent, assuming no other cost increases.
*snip*
Using these ratios and data from the Bureau of Labor Statistics, a simple pass-through model provides estimates of the expected increase in meat prices given the higher corn prices. The logic of this model is illustrated by an example using chicken prices. Over the past 20 years, the average price of a bushel of corn in the U.S. has been $2.28, implying that a pound of chicken at the retail level uses 8 cents worth of corn, or about 4 percent of the $2.05 average retail price for chicken breasts. Using the average price of corn for 2007 ($3.40 per bushel) and assuming producers do not change their animal-feeding practices, retail chicken prices would rise 5.2 cents, or 2.5 percent. Using the same corn data, retail beef prices would go up 14 cents per pound, or 8.7 percent, while pork prices would rise 13 cents per pound, or 4.1 percent.

The cost of corn for producing meat or eggs is the least of the overhead. Handling and processing as well as caring for sheep, pigs, cows or chickens is quite labor intensive. And since most modern farms have these living indoors, this uses up lots more electricity than in the past. Much of the developing world including China operates on the older system that uses virtually no electricity or oil. But the modern system does. Which is why it takes a one-two punch from both oil and corn going up to fuel lots of price hikes. Then there are the speculators: they are all over this flood news like flies on a dead cow. They increase the bidding wars greatly.

Now for a look backwards to the other great Mississippi flood, the one that devastated the heartlands right before the Great Stock Market Crash of 1929:

From the World Socialist Web: Lessons from the Great Flood of 1927

There are certain parallels between the great flood and Hurricane Katrina. The Mississippi flood of 1927 exposed the class divide in America as well as laid bare grinding class and racial oppression in the South. It also demonstrated the need for the federal government to take charge of managing the Mississippi, which had been previously left to state and local authorities.

The book describes in detail the origins of the ill-conceived “levees only” policy adopted by the US Army Corps of Engineers for controlling the Mississippi. It also examines the career of Senator John Percy of Mississippi, a wealthy plantation owner, whose hometown of Greenville became the focus of an investigation following the flood because of reports of gross mistreatment of black refugees.

Its accounts of the flood itself are compelling. In late August of 1926, massive rains soaked a large portion of the Mississippi watershed, causing widespread flooding. That was, however, only the first of a series of deluges that would eventually push the Mississippi and its tributaries to record flood levels.

This reminds us of Katrina. The will of the government to protect and defend the people of the Delta region was colored by naked racism. Both black and poor white people were left to drown or die in the filth. Even today, with these floods, the national response is rather muted. We are easily distracted. Look at Congress: they are voting yet another $168 billion for the misled war in Iraq. Most of the National Guard that should be saving people, goods and livestock in the Midwest are in Iraq, dying or messing around fruitlessly.

The author cites a 1912 New York Times article that illustrates the serf-like conditions faced by blacks in Mississippi. The Times reported that an engineer overseeing work on a levee threatened by high water ran out of sandbags and “ordered...several hundred negroes...to lie down on top of the levee and as close together as possible. The black men obeyed, and although spray frequently dashed over them, they prevented the overflow that might have developed into an ugly crevasse. For an hour and a half this lasted, until the additional sandbags arrived” (p. 131).

Conditions for the poor—white and black—were abysmal in 1920s Mississippi. A planter listed what he considered the typical items that would have to be replaced for a sharecropper family that had lost everything in the flood: “1 dipper, 1 baking pan, 4 forks, 4 spoons, 1 large spoon...4 joints of stove pipe, 1 elbow for stove pipe, 1 cooking stove...1 suit overalls, 4 pair shoes...two beds and springs.” The cost of these items totaled $77.42. Most flood victims did not even receive that much (p. 371).
*snip*
Barry recounts that when the break on the levee at Mounds Landing first appeared, the National Guard commander in charge forced black levee workers to continue filling sandbags at gunpoint. According to some reports, as many as 200 of these workers drowned when the levee finally gave way.

Anne Moody's 'Coming of Age in Mississippi' is a detailed account about the aftermath of Jim Crow, the flood and the struggle for civil rights. She was one of the famous Woolworth counter sit in members and was abused and beaten very badly during that push to integrate businesses. The extreme poverty she lived in was a tool used by the ruling elites to keep prices low. The lack of inflation was like we see today, namely, if the poor can't stay alive, there is no inflation so long as they quietly starve. This is the painful price of such stability that still generates good profits.

We do not want to return to those days any more than the average Chinese does not want to return to the days of Mao or pre-WWII.

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Speculators, Floods And Food Prices

June 9, 2008

Elaine Meinel Supkis

Global warming is causing flood/drought cycles in the temperate zones. Huge floods ravage the Midwest farmlands as well as Europe and Asia. These are not continuous rain but rather huge thunderstorms that spawn tornadoes and drop hail. All of which are bad for farming. These persistent storms are now increasing inflation forces as crops are destroyed. The debate about global warming is misguided. It is not about the temperature of the air close to the ground, it is the rise in temperature of the higher stratosphere. And the melting of the glaciers in the extreme latitudes are feeding more moisture into the system. These towering summer storms are a testimony to the dynamics of global warming.

Severe weather kills 8; water rises in Indiana

Wicked weekend storms pounded the country from the Midwest to the East Coast, forcing hundreds of people to flee flooded communities, spawning tornadoes that tore up houses and killing at least eight people.

Rescuers in boats continued to pluck people from rising waters in Indiana on Sunday, a day after more than 10 inches of rain deluged much of the state.

In Iowa, pumps and thousands of sandbags were sent to the Iowa City area, where officials fear a reservoir could top a spillway and flood the city of about 63,000 by Tuesday.

The Indiana flooding killed at least one person, a man who drowned in his vehicle about 50 miles south of Indianapolis, said John Erickson, a spokesman for the state Department of Homeland Security. Another person was reported missing after falling off a boat about 30 miles southwest of Indianapolis.

Ten inches of rain is downright tropical. Over the course of my own life, i have noticed there isn't more rain but rather, it comes in huge dumps more and more. This is why looking at basic statistics of annual rainfall conceals the reality of global warming. Ten inches of rain in a month is normal for the temperate zones. Ten inches in several hours or less is terrible. Even more fearful is the potential for huge snow storms in winter. 10" of rain=10' of snow.

Just like the obvious issue of the Hubbert Oil Peak is hard for people to grasp, global warming is difficult. Like with oil, pollution from burning fossil fuels is something we wish to do more and more because frankly, we love doing it. Our desires tell us to keep burning these fuels and the fuels will last forever. Our hearts wish for this so strongly, we will ignore most of the effects of releasing millions and millions of years of toxins and gases all in one century.

Just as people can't believe that the Hubbert Oil Peak is when the most oil is discovered [not the least oil is discovered] so it is with global warming: people think it has to get hotter right where they live. The concept that the warming of the higher stratosphere and the very highest latitudes is what matters, eludes most people. The equatorial zones won't have much in the way of temperature rises, they get more droughts. The polar extremes are the places where the rise in temperature is the greatest. And humans can't really feel this change so easily. We still think it is cold. But it is plainly obvious that these atmospheric changes are melting the glaciers and ice cover of the oceans at both poles. Ergo: there is some sort of global warming going on.

Editorially, I suggest all pollution by all human actions are unsettling for the natural balance. As humans increase in numbers, this imbalance gets worse and worse.

Major flooding: I-70, I-65 closed

Near record flooding led Gov. Mitch Daniels to declare Indiana's second disaster in as many days Saturday after nearly 11 inches of rain fell in parts of the state.

Waters rose rapidly from the Southside of Indianapolis west to Terre Haute and south to Bloomington Saturday morning, cutting roadways and interstates, flooding homes and putting so much pressure on dams the governor ordered one of them breached to ease the situation even though that led to new flooding.
*snip*
Officials already worry that flooding along the White River from Martinsville south could break records. Coming on the heels of a week of storms and tornadoes, the deluge seemed especially cruel. Just Friday, Daniels had issued a disaster declaration for 41 counties. "Mother Nature has landed another one on our chin," Daniels said. Indiana hasn't seen flooding like this for decades, said State Homeland Security Director Joe Wainscott. The National Weather Service said the White and Wabash rivers and some of their tributaries could rise beyond their record peaks, most set in 1913. Creeks and rivers swelled as 10.94 inches of rain fell in Edinburgh, and NWS reported 8 to 10 inches fell in a swath from Terre Haute to Shelbyville.

This isn't the only flood this year.

From March 19th this year, earlier floods:

The City of Evansville and Vanderburgh County Indiana are experiencing what is called a “100 year rain.” As of 10 a.m, Evansville Regional Airport had received a record-breaking 6.52 inches of rain. The single greatest rainfall on record for Evansville was 6.5 inches, set on Oct. 6, 1910. The Ohio River is at 37 feet and rising. It is expected to crest at 43 feet on Monday.

The Water and Sewer Utility had its three vacuum trucks removing water from areas around the City all night long. Crews responded to 147 flood calls; 29 were for storm water in a basement or a home, the remaining 20 were because of sewage backups. A majority of the backups were caused by sump pumps that failed because they couldn’t keep up with the rainfall. This is also a good reminder to check back flow valves to see if they are functioning properly. Back flow valves are required by ordinance to stop the flow of storm water and sanitary water back into homes.

Just 4 months ago, a 7" rain was considered a hundred year flood. Now, we have multiple such floods. Of course, this is fueling inflation. When dire weather hammers the agricultural heartlands, the price of grains and other food stuff rises rapidly.

Corn rises to record with Midwest beset by rain

Corn futures extended their gains into a third session Friday, reaching a record as weather forecasts called for rains in the Midwest, which have already delayed crop development, to continue. Prices of soybeans and wheat also moved up.

"Probably the biggest contributor to the rising prices is the scope of heavy rains that have fallen in the past couple of weeks," said Dale Mohler, senior meteorologist at AccuWeather. Rainfalls have left crop fields saturated, halting the planting of soybeans and delaying corn seeds' development, he said.
Weather reports predicted that excessive Midwestern rain will continue, likely pushing corn and soybeans prices higher. The National Weather Service forecasts above-normal precipitation in the region over the following ten days.

Corn futures for July delivery rose to $6.6325 a bushel in Friday's trading on the Chicago Board of Trade, a new record for the grain's front-month futures contract. It closed up 7.4 cents at $6.506 a bushel.

Since the speculators have half as many 'up' items to play with, they are bidding up food and fuel. Diesel is going up and up and up. I am aghast, I use a lot of diesel. This is going to raise the cost of farming, big time. Most farmers use diesel tractors and such because they run at a lower RPM, cooler engines in the hot sun and are very efficient doing slow, steady hauling or harvesting, for example. Driving at less than 5 mph all day is best done with diesel. So even though grains are rising in value, the profit margin is being squeezed. Also, many farmers who are being hit by the very long drought in Australia or the floods in the Midwest are not reaping any profits at all. They are losing everything.

The Doha rounds come to mind here: the fantasy of the Bilderberg conspirators is to eliminate all supports for all workers especially those pesky peasants who own land and farm. Unlike the footloose city populations, farmers who own land are very tenacious. They also can fuel terrible uprisings if they get motivated enough. This is the difference between nomadism and farmers.

Corn Jumps to Record on U.S. Midwest Rain, Crude Oil, Dollar

Corn jumped to a record on speculation rain in the U.S. Midwest will cut supply and as rising oil costs and the dollar's decline boosted demand for a hedge against inflation. Soybeans, wheat and rice also gained.

Thunderstorms affected areas from the central Plains to the Midwest yesterday, bringing more than four inches (10 centimeters) of rain to parts of Iowa, Massachusetts-based Meteorlogix LLC said in a report. Further storms are forecast for the next five days. Corn and soybeans planted in wet, cool soils develop shallow roots, increasing the threat of damage from dry weather in July and August.

The idle speculators in the big cities place bets on natural events. Sudden deep freezes in the wrong places, droughts, floods, blights: these are all subject to betting wars. Catastrophes for humanity enrich these bettors. The flood of Funny Money™ created by reckless lending always migrates to disasters and makes them much worse. Governments, since the first Pharaohs had to deal with all this. The function of a government was to store excess grain and then give it back out during bad times so speculators couldn't charge an arm and a leg for necessities.

Regulating the markets is an important function. The libertarian fad of 'let the market set the price' can turn into massive riots and outright rebellions if the government stands back and leaves everyone at the mercy of speculators seeking to suck up all the wealth from desperate people who need to stay alive. Sometimes the festering anger from such times can simmer for 100 years. The Irish who were left to starve to death in 1846 couldn't riot against the Crown and its military. Disarmed and far from the Fortress Island of England, they were forced to flee their homelands. But when WWI and WWII came and England desperately needed the Irish to save Her, they said firmly, 'Go die, bitch'.

It pays to take care of the lower classes! It pays to feed them, to care for them! Only a government can do this! Anyone who thinks we can do this with voluntary charity is nuts. For charity collapses exactly when the speculators bid up the price of all necessities.

It is interesting to me that inflation in food always runs alongside sudden price hikes in oil. Oil=food in modern technological systems. I remember the first gas crisis: right on its heels came a food crisis. The government always creates money as fast as possible during wars and especially oil-related wars. And within a year or two, the food system goes down in flames. Here is an older story from the early days of the Hubbert Oil Peak crisis. Namely, when the US hit the Peak first.

Monday, Apr. 22, 1974--- Cropping the Price

Of all the forces driving up U.S. living costs, none has been more powerful than the two-year climb in the prices of American farm goods, which has kicked the nation's food bill to record levels. The prime cause of the boom has been the global demand for American-grown food. More recently, speculators bid up U.S. farm prices higher than even the heavy press of foreign orders warranted. Now, however, American consumers are getting the first signals that the worst is over. Since late February, prices on the Chicago Board of Trade and other commodities markets have been falling along a broad range.

Contracts for July delivery of wheat, which sold in February for as much as $5.85 a bushel, are now down to about $4.10. Corn has dropped from $3.50 a bushel to $2.55; and soybeans have fallen from $9.03 to $5.35.

A major reason for the price decline was that speculative fever began to cool as optimistic crop reports began rolling in. Rumors that the Arabs were about to lift their oil embargo against the U.S. also eased fears of uncontrollable inflation. The present prices, however, are still far higher than a year ago, and few experts are predicting any further substantial drop until the dimensions of this year's harvest are clearer, both in the U.S. and abroad. Rising costs of farm labor, fertilizer and machinery will also work against a further price drop.

In 1973, farm products shot up in price. I remember that well, I had my first child. Buying food was difficult. In Tucson, I had my own chickens, rabbits and gardens. But I moved to NYC and was suddenly hit by these high prices. Note the price of wheat! Only slightly less than 1974 for wheat and corn was half of what it is today at the present high peak. Since inflation was much greater than the differential, the price of corn is about the same as during that earlier spike. Also, look at the price of soybeans back then! This feeds livestock as well as other industrial uses. It is similar to oil in some functions. It shot way up there!

This was rightfully considered to be a national catastrophe. Since most farmers sell their FUTURE harvest to speculators, they usually do not get much benefit from soybeans doubling in price. The extra profits are made by the people who give money to the farmers. Over the years, this has grown into a serious problem. For it is laughably easy up until this year for speculators to get LOANS and use this to buy FUTURES. This is why nearly all commodities are shooting up! The speculators bet that things will go BAD and everyone will have to pay DOUBLE for necessities and raw materials! Since certain national central banks have been pushing the concept of 0% lending, the flood of this sort of money has landed directly on everything we need to survive. This way, we can't escape the speculators who need to see higher and higher returns because even though the lending is super-cheap, they are grossly overextended. So they need high profit margins to keep the ball rolling.

Study: S.D. land prices soar

A South Dakota State University report says the average value of South Dakota's agricultural land in February was 22.5% higher than a year earlier.

An economist says most of the people who participated in the survey agreed the increases are directly related to booming markets for corn, soybeans, wheat and other crops. The economist says higher prices for corn, wheat and soybeans have boosted farm income, putting pressure on ag land values and rental rates.

The study says cropland value and cash rental rates are the highest they've been in the nearly two decades that SDSU researchers have tracked ag real estate.

The last two major oil price spikes created the exact same hike in farm prices. If a farmer wants to give up and join the nomadic hordes in the cities, he or she can get a lot of money before giving up on farming forever. This process has been going on for the last 200 years. Every year, there are fewer farmers. Just like in ancient Rome, ancient Egypt or ancient Mesopotamia and China, the lands are increasingly held by financiers, government officials or other organized hyper-powers. Huge estates operated by slaves or near-slaves who don't own hardly anything, not a house nor cow, swell in size as the cities fill up with excess population.

It is very simple: the farmers like to lease other plots or buy them piecemeal. But they can't even begin to compete in the bidding for land if the speculators and officials want these lands. But absentee landlordism is pure evil! Our Founding Fathers struggled with this. The Free North believed in '40 acres and a mule' while the slave South wanted absentee landlords who live in the cities off of the profits of slaves toiling in the sun. This was a very big crisis for the US. The slave South lost their bid to continue this system and the farmer-landholder system expanded rapidly. A strong, FREE farming base is the backbone of democracy.

Just for example, whenever we have an election, I hear lots of city people yelling, if they supported the losing side, 'I'm LEAVING. Go to hell!' But farmers, accustomed to battling the weather, disease and knowing every inch of their farmland is watered by their sweat and blood. They would DIE before being uprooted. Grimly, they fight on! This is why urban uprisings are relatively easy to suppress. Peasant uprisings are nearly impossible to stop.

Here is a Time magazine article from last summer:

Global Warming's Next Victim: Wheat

We're used to watching the price of oil mock gravity, but there's an even more essential commodity that's also become scarcer and pricier in recent months: Traders are paying record prices for wheat on world markets, thanks in part to shortages caused by a mix of drought and flooding. Canada, the second-biggest wheat producer after the U.S., looks set to harvest its smallest crop in five years, due to an unusually dry July, while production in the European Union may be down nearly 40% from last year after flooding rains followed long droughts. Growing global demand for biofuels is also eating up grain production, and boosting prices.
*snip*
Lobell says global warming has already begun to take food off the world's table. According to a recent study he and his colleagues conducted, the temperature increase that occurred between 1981 and 2002 reduced major cereal crop yields by an annual average of 40 million metric tons — losses worth $5 billion a year. Those losses are sobering, but nothing compared to what might be in store: A recent study sponsored by the Consultative Group on International Agricultural Research forecast a 51% decline in India's wheat-growing land, potentially leaving hundreds of millions hungry. And, last week, China's top meteorological official warned that global warming could cut the nation's grain harvest by 5 to 10% by 2030. And all this will be happening while both countries add more mouths to feed.

Reading today's news while remembering yesterday's news: the head of the United Nations called for a 50% hike in farm output. This bizarre demand flies in the face of reality. We have a Hubbert's Food Peak: the earth can produce only so much food. Either the population shrinks to fit this fact or we have a mass die off. In Nature, when any animals are too many, they strip the land of their food and then have a fast die off. Hubbert Oil Peak people know this and foresee this happening to humanity if we continue to overpopulate the earth, driving all systems into instability and shortages.

The Bilderberg group started up due to fears about this. This secretive, nasty group of elites pull to their bosoms anyone who hacks their way uphill to seats of power. Then they are shown the Truth, the Real Future. And either they join the conspiracy to eliminate 3/4ths of all humans or they die, themselves. Note that these people do NOT invite Jimmy Carter to their coven's little meetings! Nope. He, like myself, is locked outside. He is the only one who took the Hubbert Oil Peak seriously. He is the only one [and now al Gore] who tried to alert the public about these matters. Al Gore is now tolerated, since he has no power anymore, because he has joined the speculators and hell hounds. His solution to all this is to create a new monetary black hole, the carbon swap markets. Speculators love this! And are very, very happy as they use this as a platform to create infinite Funny Money™. Now that we have the Japanese carry trade back, this machine will turn the present high inflation into hyper-hyper inflation.

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