The Freedom Watch

The Gulf is Still Struggling, But BP’s Done Paying

"Three and a half years after an explosion on the Deepwater Horizon drilling rig dumped 205 million gallons of crude oil into the ocean, leaving 11 workers dead and damaging hundreds of miles of shoreline, the Gulf Coast is still recovering. The company has spent or earmarked $42.4 billion so far for cleanup, compensation payments and environmental fines. Its profits have suffered, and it has sold $38 billion in assets to help cover the cost. BP filed suit last week against the U.S. government for a ban on awarding the company federal contracts. BP already has $1.34 billion in contracts in place to supply fuel to the government, including the military." Continue reading →

Continue ReadingThe Gulf is Still Struggling, But BP’s Done Paying

Report Finds “Probably Carcinogenic” Chemicals in All Municipal Water Samples Tested

"Chlorine and other water treatment chemicals, in addition to being somewhat toxic in and of themselves, react with ordinary organic particles in the water ( manure from livestock, dead animals, fallen leaves, etc.) to create hundreds of extremely toxic byproducts, which aren’t monitored or regulated at all. These toxic byproducts have been labeled 'disinfection byproducts,' or 'DBPs,' and there are 600 we know about and probably hundreds more that we don’t. Shockingly, raising concerns about the quality of your local drinking water without verifiable evidence of your claims may now be considered 'an act of terrorism.'" Continue reading →

Continue ReadingReport Finds “Probably Carcinogenic” Chemicals in All Municipal Water Samples Tested

New turbine to capture energy from both wind and waves slated for testing

"A Japanese company is set to test a new power generation system which -- for the first time -- should harness the energy of both the sea and the wind to feed the demand for electricity on land. That's the dream of chief visionary Takuju Nakamura, anyway. At the Tokyo headquarters of his company, Modec, Nakamura explained that the new turbine design should generate about twice as much power as a traditional wind turbine of the same diameter. Nakamura explained that 80 to 90 percent of the power generated would come from the large wind-catching turbine floating over the sea, with another underwater turbine expected to produce the rest." Continue reading →

Continue ReadingNew turbine to capture energy from both wind and waves slated for testing

The Single Best Investment Opportunity Today

"At least 71 new nuclear plants are under construction somewhere in the world today, and another 484 are in some stage of planning. That exceeds the number of nuclear facilities under construction or consideration before Fukushima ever happened. It is an unparalleled level of nuclear-plant construction. The existing 437 nuclear reactors that exist consume on an annual basis about 175 million pounds of uranium. Yet, the world’s existing uranium mines only produce about 145 million pounds a year. The world has papered over that 30-million-pound gap with a U.S./Russia agreement to turn weapons-grade uranium into industrial uranium." Continue reading →

Continue ReadingThe Single Best Investment Opportunity Today

Fukushima apocalypse: Years of ‘duct tape fixes’ could result in ‘millions of deaths’

"It will be hot, uncomfortable, your senses shielded, and you would be filled with anxiety. You are standing on a building that is close to collapse. Workers will have to be removed and replaced often. So you don't have the benefit of doing such a critical task and knowing and trusting your comrades, as they will frequently have to be replaced when their radiation dose limits are reached. If they exhibit physical or mental signs of radiation exposure, they will have be replaced more often. It will be one of the worst, but most important jobs anyone has ever had to do. And even if executed flawlessly, there are still many things that could go wrong. " Continue reading →

Continue ReadingFukushima apocalypse: Years of ‘duct tape fixes’ could result in ‘millions of deaths’

Japan’s nuclear crisis deepens, China expresses ‘shock’

"The U.N.'s International Atomic Energy Agency (IAEA) said on Wednesday it viewed the situation at Fukushima 'seriously' and was ready to help if called upon, while nearby China said it was 'shocked' to hear contaminated water was still leaking from the plant, and urged Japanto provide information 'in a timely, thorough and accurate way'. The plant's operator, Tokyo Electric Power Co, or Tepco, has been criticized for its failure to prepare for the disaster and has since been accused of covering up the extent of the problems at the plant. After months of denial, Tepco recently admitted the plant was leaking contaminated water into the Pacific Ocean." Continue reading →

Continue ReadingJapan’s nuclear crisis deepens, China expresses ‘shock’

Japan’s nuclear crisis deepens, China expresses ‘shock’

"The U.N.'s International Atomic Energy Agency (IAEA) said on Wednesday it viewed the situation at Fukushima 'seriously' and was ready to help if called upon, while nearby China said it was 'shocked' to hear contaminated water was still leaking from the plant, and urged Japanto provide information 'in a timely, thorough and accurate way'. The plant's operator, Tokyo Electric Power Co, or Tepco, has been criticized for its failure to prepare for the disaster and has since been accused of covering up the extent of the problems at the plant. After months of denial, Tepco recently admitted the plant was leaking contaminated water into the Pacific Ocean." Continue reading →

Continue ReadingJapan’s nuclear crisis deepens, China expresses ‘shock’

Japan nuclear agency upgrades Fukushima alert level

"Japan's nuclear agency has upgraded the severity level of a radioactive water leak at the Fukushima plant from one to three on an international scale. Japanese reports say it is a provisional move that had to be confirmed with the IAEA, the UN's nuclear agency. This week is the first time that Japan has declared an event on the Ines scale since the 2011 earthquake and tsunami. The move was announced in a document on the agency's website and was subsequently approved at a weekly meeting of the regulatory body. Shares of plant operator Tokyo Electric Power Company (Tepco) fell as much as 13% to 537 yen." Continue reading →

Continue ReadingJapan nuclear agency upgrades Fukushima alert level

Japan nuclear agency upgrades Fukushima alert level

"Japan's nuclear agency has upgraded the severity level of a radioactive water leak at the Fukushima plant from one to three on an international scale. Japanese reports say it is a provisional move that had to be confirmed with the IAEA, the UN's nuclear agency. This week is the first time that Japan has declared an event on the Ines scale since the 2011 earthquake and tsunami. The move was announced in a document on the agency's website and was subsequently approved at a weekly meeting of the regulatory body. Shares of plant operator Tokyo Electric Power Company (Tepco) fell as much as 13% to 537 yen." Continue reading →

Continue ReadingJapan nuclear agency upgrades Fukushima alert level

What Is Going To Happen If Interest Rates Continue To Rise Rapidly?

"If interest rates continue to rise rapidly, it will be more expensive for the U.S. government to borrow money, it will be more expensive for state and local governments to borrow money, the housing market may crash again, consumer debt will become more expensive, junk bond investors will be in for a world of hurt, the stock market will experience a tremendous amount of pain and there is a good chance that we could see the 441 trillion dollar interest rate derivatives bubble implode. And that is just for starters. So yes, we all need to be carefully watching the yield on 10 year U.S. Treasuries." Continue reading →

Continue ReadingWhat Is Going To Happen If Interest Rates Continue To Rise Rapidly?