ARAB REVOLTS HOLD OFF A NUCLEAR SUB-PRIME FALLOUT
February 26, 2011 By 122 Comments
By Andrew MacKillop
21st Century Wire
February 26, 2011
-
Top and bottom, or truth and beauty quarks interest nuclear physicists, but the mutually assured destruction of both the top and bottom, namely- both the North and South parts of the global economy. It came very close indeed, programmed and running to schedule right until the end of December 2010.
Using the lever of nuclear power and the ‘creative’ financial assets generated around them, the intended mechanism featured a massive finance bubble driven by a construction spree of new, industry standard, Chernobyl-sized (900 MW and over) reactors right across the Southern emerging and developing countries, scheduled to take place between 2010-2020.
The lynchpin target for this so-called “Nuclear Renaissance” was the entire Middle East and North African region– the Arab world, including outlier countries such as Sudan and the Central Asian muslim republics. As late as mid-year 2007, France’s President Sarkozy could crow about French success in selling its nuclear power to his respected, or at least petrodollar-flush fellow head of state, received with pomp and circumstance at the Elysee Palace(with tent and gorilla bodyguard)… Mr Muammar Gaddafi.
INFLATING THE BUBBLE
The nuclear bubble plan originated inside a small, shadowy core group of global finance and geopolitical players. The earliest coming out the so-called plan to build more nuclear reactors through 2010-2020 than in any previous period in history, took place at the UN’s Copenhagen Climate Summit in December 2009. Upon exposure, the first plan experienced its first defeat. Even as vaguely sketched out, or alluded to by the four heads of state of leading nuclear suppliers- Obama, Merkel, Sarkozy and Brown (succeeded later by Cameron), it was promptly met with disbelief and outright hostility by leaders of China, Russia, India, Brazil and others.
Bruised but undeterred by this first failure to sell the scam, its pilot group continued its work through 2010. Their members included the likes of George Soros and his foundation, the World Shift Network, including pro-nuclear activists like Al Gore, nuclear boomers coordinated by the WNA (World Nuclear Association) and by a string of finance industry and institutional players led by the IMF, World Bank, the US Ex-IM Bank, as well as some notable major Ponzi scheme finance operators like Goldman Sachs Co. and its finance industry allies. They were frequently joined by the other three heads of government of the top 7 core nuclear industry supplier countries. Together they comprise the present 46-nation NSG-Nuclear Suppliers Group, hatched in 1974.
UNDERSTANDING THE NUCLEAR BUBBLE
Understanding why the attempt at floating a massive nuclear finance bubble – one which is approximately 10 to 50 times the size of the US sub-prime housing bubble – was doomed to either economic failure, or financial failure, or government debt and monetary failure- or all three, one only needs a flashback to the nuclear industry’s first finance bubble and meltdown, the period around 1974-1979. But at least as important, we have to add another cause of near-certain failure, along with the potential menace of massive loss of life, almost open-ended economic loss, and the ensuing environment damage.
Until the Arab youth revolt started sweeping the entire Middle East and North Africa (MENA) region in January 2011, the key geographic region for selling nuclear reactors and creating the new “Nuclear South” – was MENA. One may ask the question: who in their right mind, 6 weeks later at end-February 2011, would suggest it is still a nice, progressive and productive, secure and useful idea to sell industry standard, Chernobyl-sized nuclear power plants to countries like Libya, Egypt, Algeria, Morocco, Jordan, Syria,Saudi Arabia, Kuwait, UAE, Iran, the Central Asian republics, or any other civil war-prone country of the region, like Sudan ?
At this moment in time any fast forward scenarios for the MENA region remain cloudy, but above all, they are troubled. Today, few could tell you the sell-by-date for remaining regimes in place in these countries.
Apart from minor details like nuclear power plants being likely early collateral damage in civil wars of the region with massive destructive potential, the collapse of friendly dictators in the region heavily weakens another basic need of the nuclear bubble scam – for the borrowing parties to remain inexistence throughout the life of this global Ponzi scheme that was going to be operated, using nuclear assets in the South as the underlying security. Why the plan or scheme to off-load, dilute or dissolve unpayable OECD debt with this scam had to be big- and would have started big, is as simple to understand as flipping through debt and deficit statistics and forecasts for the leading economies of the OECD group. Any so-called “reserve currency” or money, whether in paper dollars, paper euros, paper yen or any others, today faces mortal threat of meltdown. The traditional central banker’s game of turning the printing press and crossing one’s fingers has been shaken to its core of confidence by the global financial and monetary meltdown- a disaster which was triggered by the US sub-prime housing scam.
NUCLEAR SUB-PRIME DWARFING THE HOUSING BUBBLE
The nuclear sub-prime bubble, we can be sure, was schemed as an operation tens of times bigger than the global housing bubble. The scheme was promoted as an “energy independence” and/or low-carbon plan for emerging and developing countries of the South, but under the table featured a huge off-load of debt from the OECD super-debt countries which could supply the necessary nuclear tech, fuel and engineering services – and above all the finance packages.
The scam would have spread its wings the encompass government debt, currency and credit default swaps, SIVs (Structured Investment Vehicles) and a string of interest rate and other derived products, only limited in size and arcane complexity by the same cynical imagination of the nimble minds who gave an unsuspecting world the US sub-prime bubble – and crash.
THE FIRST ASSET BUBBLE
In market jargon anything that goes North is growing and profitable, while going South means losing money, likely going out of business. Turning this around in geographic terms, the nuclear sub-prime scam was conceived with a Southern base, but for the world nuclear industry ‘going south’ already happened- its first asset bubble still remains as a trace memory, haunting analysts and industry advocates. The first time the industry almost died on its feet started exactly when the NSG was first founded by the original 7 pro-nuclear OECD countries, including the 3 Western members of the UN Security Council. Between 1974-1979 the industry rode a massive upsurge in asset values with reactor costs rising almost daily as the whole nuclear supply chain from uranium mining, enrichment and fuel fabrication, through reactor building and waste handling suffered double-digit annual inflation. By 1978 US Westinghouse (now Toshiba-Westinghouse) was forced to declare force-majeure on its uranium fuel supply contracts, and then on all of its new orders, reactor building and completions.
POPULAR NUCLEAR MYTHS
Elsewhere in the NSG world, financial meltdown became a threat, followed by a reality much more dire than core meltdown– as the core business of nuclear industrial players became too hot to handle. The reason was simple. The 1973-1974 oil shock generated a wave of panic in decider mindsets right across the developed OECD North, at a time when the only users of nuclear power along with communist Russia and communist China. The atom in economic folklore became the quick fix silver bullet able to shield their oil-based economies from oil price rises, despite the fact that an average intelligence child with a two-dollar pocket calculator could show, and can show today, that nuclear power saves little oil- or indeed, no oil at all.
Uninterested by such tiring details, governments and corporate deciders stampeded into their farcical attempt at saving the economy with atomic power. Reactor orders exploded. Inflation followed, and financial meltdown naturally ensued, creating what the nuclear industry still calls its ‘nuclear winter’ – stretching from the early 1980s until the late 1990s, during which a single reactor order or completion was a hailed and rare event!
NUCLEAR SALVATION
So looking back we can see clearly that through 1974-1979 the exploding track of reactor and nuclear costs was exactly the same as what has happened through 2006-2011 to date. Selling nuclear salvation from high-priced oil to know-nothing heads of state, was then, and still remains today, an easy task in the run up to, and after-glow from the recent all-time high barrel price for oil (US $ 147 on the US NYMEX in 2008). This, we can note, was likely goosed by Goldman Sachs Co. The record price peak also included a 15-20 dollars special GS Co. premium specifically designed to bankrupt its client and victim, Semgroup Holdings, which was advised to bet, and lent funds to bet on falling oil prices… by Goldman Sachs.
READY, STEADY… OOPS
Primed and ready for the second nuclear asset bubble – this time a super-production – the world finance industry teamed with a mix and match of new-time, and old-time nuclear boomers through the years 2006-2009. This new Atomic Rat Pack ranges from the loony fringe of global warming hysterics like Jim Lovelock, James Hansen and Al Gore, to Whole Earth Catalog changeling and businessman Stewart Brand, completing his coming-out by discovering he’d always loved nuclear power all along but had been too shy to say it.
More important for the hard-sell in the South, heads of state of the 7 key NSG countries, Sarkozy and Merkel, soon joined by Obama and Brown, fell over themselves to sell the atom to literally any country at all– in Sarkozy’s case to his friend and highly respected head of state Muammar Gaddafi back in 2007. The list of nuclear-possible or likely countries in the South at end 2010 makes a lurid read. In all cases the projects include (or included, as of end 2010, the probable end of this scam) big or very big civil reactor orders, for industry standard 900MW and larger power reactors.
Apart from the MENA and the Muslim world, we find a bizarre array of crumbling dictatorships, one party states tricked out as democracies, and banana-or-oil republics, such as: Nigeria, Ghana, Bangladesh, Mongolia, Belarus,Pakistan and Indonesia. Through year 2010, in a flurry of mostly closed-door meetings, the nuclear industry boomers headed by the WNA and leading lights in the world finance industry honed down their strategy for building and launching the ultimate asset bubble.
The reason for Southern tilt was not only the lack of debt and sometimes current account surpluses in these countries, but simple facts of life in the North. In the North, environment militants, knowledge and fear of nuclear power, high costs, and the many alternatives to the atom which now include vast reserves of unconventional gas, made their sales pitch a no-go… compared with the home run in the South. In the background, this was further powered by IMF-coordinated attempts to create new mechanisms for re-indebting the emerging and developing countries, and use the South as a place to offload OECD nation debt into a massive new pool of financial paper riding the nuclear asset bubble. Also add here a rather flagging green energy asset bubble.
Perhaps the biggest reason we have to thank the cellphone-wielding Flash Mob youth of the Arab world is this: the potential for launching the new nuclear finance scam is now almost zero in the MENA region – the lynchpin for this attempt at out-doing the US sub-prime bubble. The life expectancy of such a scam today is not much more than that of a quark – about 10 to the minus 25 seconds.
COPYRIGHT ANDREW MCKILLOP 2011
–
Andrew McKillop is guest writer for 21st Century Wire. He has more than 30 years experience in the energy, economic and finance domains. Trained at London UK’s University College, he has had specially long experience of energy policy, project administration and the development and financing of alternate energy. This included his role of in-house Expert on Policy and Programming at the DG XVII-Energy of the European Commission, Director of Information of the OAPEC technology transfer subsidiary, AREC and researcher for UN agencies including the ILO.




M.A.D. aka 'MUTUALLY ASSURED DESTRUCTION'- Formerly the stuff of Cold War games, later becoming playground rules for Wall Street and City speculators.

California's Diablo Canyon nuclear power plant completed in 1973, but earthquake fears delayed online deployment until 1981.
Libya Conquered in the Dark
February 22, 2011 By 335 Comments
Tony Cartalucci
Infowars.com
Feb 21, 2011
Shut down the Middle East, you shut down China and Russia, then you rule the world. The current Middle East destabilization is a desperate gambit to eliminate the Near-East buffer, isolate the two rising superpowers, and force them to concede to their place within a unipolar New York-London centric world order.
Libya is next in a long line of nations in the Middle East being destabilized and facing a Western-backed regime change. With the corporate owned mainstream media performing breathtaking acts of propagandizing, the US State Department’s army of bloggers coordinating Libya’s uprising on the ground, and nearly zero confirmed reports coming out, it seems the large North African nation is being dismembered entirely in the dark.
Unlike in Egypt, where US International Crisis Group trustee Mohamed ElBaradei was talking daily to international reporters on the ground, and AlJazeera provided 24 hour coverage, Libya is a virtual blackhole. The mainstream media is relaying hearsay from “Libyan” bloggers and protesters on the ground. The tell-tale quotation marks peppering reports coming out of BBC and AlJazeera and a litany of weasel words indicate that the “revolution” will be feed to the public in the most disingenuous and unsubstantiated manner possible.
Unfortunately, when all we have to depend on during a crisis is the honor of the corporate owned media, where BBC itself is a major corporate member of the globalist nexus Chatham House, nothing can be trusted and we are left in confusion and uncertainty. Far too many people, however, will still fall for the thin veneer of legitimacy the mainstream media’s slick graphics and well-dressed shills lend it.
BBC’s latest article regarding Sayf al-Islam’s address to the nation gives us an astounding example of the mainstream media forcing the scant facts coming out of Libya into a predetermined narrative to suit the global-combine’s interests. In his address to the Libyan nation, Sayf al-Islam accused opposition groups and outsiders of trying to transform Libya, that the foreign media was grossly exaggerating the government’s response to protesters, and compared the unrest to an Egypt-style Facebook revolution.
While BBC concedes that “verifying information from Libya has been difficult,” within the text of the article they refer to the speech as a “rambling TV address.” In the side bar, we hear from BBC propagandist Jon Leyne, who covered the “bazillion-gagillion man march” in Egypt and told viewers it seemed as if “all of Egypt” had turned out in Tahrir Square. Best estimates of the crowd range from 50,000 to no more than 100,000 (0.1% of Egypt’s population.) Leyne says the following regarding Sayf al-Islam’s address, in an unprofessional bravado we should only have come to expect from the BBC:
“That was one of the strangest political speeches I think I’ve ever sat through. He was completely and utterly detached from the reality of what is going on in his country. To put it bluntly, most Libyans will just treat it as gibberish – it was completely meaningless to them. The idea that they’re somehow going to sit down and have a national dialogue with a government that’s brought in foreign mercenaries to shoot at them is laughable.”
What qualifies Leyne to speak on behalf of the Libyan people on a crisis his own network concedes is difficult to report on, thus “utterly detached” themselves, is beyond understanding, unless of course it is pure propaganda aimed at discrediting the address.
What the mainstream media and Sayf al-Islam seem to agree on is that Libya’s eastern city of Benghazi has been overrun by mobs who have seized military tanks and weapons. For BBC and AlJazeera to call the government’s response to arsonists, looters, vandals, and now dangerously and overtly armed mobs, a “massacre,” seems somewhat disingenuous and very similar to their coverage of the US-backed mobs that took to the streets in Bangkok in May, 2010.
While Sayf al-Islam admits security forces have made mistakes, the possibility that violence is also being employed by the protesters or their foreign agitators cannot be entirely ruled out. The US think-tank Brookings Institute dedicated an entire chapter in their report regarding Iran, to fueling color revolutions and the prospect of using military force to help counter Iranian security forces – who were sure to put down revolutions without US military intervention, covert or otherwise.
In Bangkok, in 2010, protesters in the street following US-backed, deposed PM Thaksin Shinwatra were bolstered by a shadowy militant group under the command of key protest leaders. They instigated a bloodbath on April 10, 2010 in an attempt to force the government to take responsibility and step down. The violence and 91 deaths that resulted between Thai security forces and this militant group has laid the foundation of globalist lawyer Robert Amsterdam’s attempts to target the Thai government nearly a year later.
Since the mainstream media is obviously compromised, it is up to us to discern what is really happening. The greatest clue that all is not what it seems and that foreign hands are meddling in the affairs of these nations is the fact that paid propagandists like BBC and AlJazeera are clearly taking sides instead of doing their supposed job of objective reporting.
While the designs against Libya are somewhat ambiguous, we have already noted beyond a shadow of a doubt that the Egyptian and Tunisian protests are entirely the result of Western meddling, where even the props used by the protesters were “recycled” from a previous and admitted US-backed plot in Serbia. The hallmarks are there, and absent of objective reporting, caution is urged, further research is required, and without a doubt, our mainstream media is not to ever be trusted again.
–
Tony Cartalucci’s articles have appeared on many alternative media websites, including his own at Land Destroyer.




ALWAYS UP FOR MAKING A BUCK: Tony Blair doing his paid "business development" work whilst serving as PM, all for British companies in Libya.
SHORT FILM: The American Dream
February 15, 2011 By 373 Comments
Scold’s Bridle: A practical solution to Egypt’s problems and our own
February 8, 2011 By 1 Comment
The Runnymede Institute
Feb 8, 2011
Victors write the history of the human experience. We normally tend to speak in terms that give conflict a special place in our psyche and expect there will always be a loser to pity or despise. It’s believed this is a natural condition, part of the brain’s basic software package we’re all born with but we humans are not so one-dimensional.
The question of Nature over Nurture has been debated in academia for decades and careers were built and destroyed on the notion of whether you could make a perfect man by design or if we’re born that way. If one were to ask, which attribute makes people good citizens, the natural modern answer is the same as anywhere in recorded time. It’s dependent on where you live, who you live with and under what conditions, making both sides of the argument redundant. Are Egyptians ogres, as TV News sez?
Intellectual impasse means every Perfesser Nozalot is itching to spew his theories at the drop of a hat, via television best of all. After billions of dollars, trillions of hours and forests of ‘papers’, they weren’t able to divine what makes us tick yet they’re perpetually primed and ready to clean our clocks. Salary and tenure require output!
We’ve seen publicly funded studies on every imaginable subject, some they made up out of thin air but there isn’t any social anthropolist’s guide to Middle Eastern people’s uniquesness setting them apart from the rest of us. That would require a good dose of politics to even come close to understanding the ‘radical’ behaviour stories we’re bombarded with ad nauseam, one and all enemies of Israel according to script.
Isn’t it fair to ask the question whether there’s a direct relationship between their wall building and the caging of their own people in the past? We’re guessing it’s not, some people’s feelings are more delicate than others’. Oddly enough, Egyptians are probably Israel’s best friend in the Islamic world and they take the peace accords as seriously as they should. Somewhere deep in their sub-conscious, the true goodness of that culture does allow for other people’s self-determination and right to exist.
Egyptian friends of Runnymede Institute tell us the troubles started with a perfectly peaceful protest and opportunists fomented the violence we’re faced with today. Our Israeli friends, tell us they’re very concerned, mirroring the man on the street in Cairo. One and all ask for nothing more than news, reality based missives but that’s not available on TV or in the print media as it’s replete with gossip and rumours.
The proverbial elephant of many names, misinformation, product placement and biased ‘stories’ galore is all we get from those who would have us believe they perform a public service that ‘informs’ us. Morsels of fact don’t always add up to a palatable, wholesome meal when the news-chef’s spoiled the broth by spicing it with ambiguities and deviant mind massage additives.
They’re talking to us like we’re children and that doesn’t bode well for ‘them’ in the near future. As any elementary school teacher will tell you, kids shouldn’t be pushed too far and watch out, they just might pull! Daring to question the validity of a news story has always been a good way to guarantee the donning of the modern day Scold’s Bridle. You know the name, RMI readers are smart
.
The major networks covering this ‘Egyptian Crisis’ of their own making don’t need any pesky inquisitors asking why the price of bread is suddenly so high in the region. That would mean bashing their own advertisers and in turn their suppliers in the Agro-biz. It would make their stock market reports less interesting to show how commodities brokers, from their perches in the financial ‘districts’ around the world successfully rig the lives of distant peoples everywhere.
Our ancestors had simple, pragmatic solutions for troublemakers whose thoughtless ravings did actual harm to others, they didn’t need political correctness to show them the way. The Bridle gagged and muzzled the offenders to spare society having to chop off their heads. Perhaps this solution can be applied to network news readers to make them think about what tumbles out of their mouths in lieu of their quasi-authoritative delivery and plausible presentation of unadulterated schlock.
‘Free Press’ like ‘Free Trade’ is a misnomer, it puts us in a comfort zone that always gets uncomfortable as a rule. The Internet’s put paid to that and noises of an off-switch from a scolding government are akin to the master gossip fitting ‘us’ with a muzzle. We suggest re-instituting the original, an iron contraption with a pointy in-mouth piece to puncture the tongue if they wag it. It’s a good way to reindustrialize a small segment of the American economy because there’s no way to quantify potential demand. Let’s start off slowly, detain all the weathermen and dominoes will fall.
Weatherman Michael Fish keeping the public relaxed in the wake of a force ten hurricane



16th century Scottish brank or "scold's bridle", made of iron.















