What a week! We have seen the effective nationalization of the financial industry, and handed a bill to pay that will reach past a trillion dollars. More fantastically, our national wealth is to be spread among the horde of Wall Street bankrupts not by an impartial agency, but by contractors who will be working for a profit and will, essentially, be the same people who have gone broke, giving our money to themselves.
read more
Note: This journal entry was posted on September 15 and accidentally deleted. It is now being re-posted.
Yes, indeed, Fannie Mae and Freddie Mac have just been bailed out to the tune of hundreds of billion dollars of debt that has been transferred right onto the backs of us, the American people. And now Lehman Brothers, after making–and pocketing–billions of dollars in profits by securitizing mortgages and other consumer loans, is about to be rescued to the tune of at least another thirty billion dollars of your debt.
read more
When Art Bell and I published “Superstorm” in 1999, we were criticized as being sensationalists who brought environmentalism a bad name, and hurt the movement. In 2004, when “the Day After Tomorrow”, the film inspired by our book, was released, we received humiliating press treatment, and the film was generally condemned, once again, as being too sensationalistic.
Throughout this whole process, I continued to make the argument that it was NOT sensationalistic at all, but rather that it accurately reflected a type of climate change event that has been well documented. Now, however, two major new pieces of information have emerged that make me repeat my warning: sudden climate change is, indeed, VERY sudden, and it is staring us right in the face right now.
read more
Over the past few weeks, I’ve read a great deal about Russia’s new belligerence. Most of the articles have expressed a level of shock and bewilderment that surprises me. In my book “Critical Mass,” which comes out this January, two great dangers will be explored: the primary geopolitical danger that faces the west today, which is nuclear terrorism, and the part Russia plays in that threat.
read more