Climate Change – Volcanoes (Part II)

Over the past few decades, there have been several research papers in the scientific press that submit there is a correlation between cosmic-solar radiations and destructive geological events such as earthquakes and volcanic eruptions. On top of this, there are correlations with climate change that kick in where volcanoes throw up ash into the atmosphere which blocks the sun and that sets in motion the global cooling sending the earth back toward an Ice Age. Therefore, the entire process is extremely complex. Our computer can put out a forecast, but it is looking at everything and the dynamic complexity of all the interactions. This is why I do not put forth X happens because of Y. It is just more complex than such correlations.
Nonetheless, the strongest correlation between volcanoes and earthquakes remains that with the sun. In the last two and half centuries the following major volcanic eruptions occurred during strong solar minimum when the energy is at its greatest: Grimvotn (Iceland) 1783/84 (14 km3), Tambora (Indonesia) 1810 (150 km3), Krakatoa 1883 (5.0 km3), Santa Maria (Guatemala) 1902 (4.8 km3), Novarupta (Alaska) 1912 (3.4 km3). The only major eruption to occur during a solar maximum was Pinatabo (Philippines) 1991 (between 6 and 16 km3).

This post was published at Armstrong Economics on Dec 6, 2017.

Iceland’s Largest Active Volcano Is Showing Signs Of Eruption: Now In ‘Uncertainty Phase’

The largest volcano in Iceland is showing scientists signs that it could erupt. It’s now under close surveillance after centuries of slumber.
The Icelandic Met Office has received reports of the surrounding area smelling of sulfur, while geothermal water has been released from the volcano into a river on the surrounding glacier, reports Iceland Magazine. Scientists believe that this geothermal water caused a section of the volcano to collapse, producing a new caldera.
The new caldera (a basin-shaped volcanic depression) has been discovered by scientists in rfajkull. Because of all of these unusual events, Iceland’s Civil Protection Agency has declared an uncertainty phase. That’s basically a warning that there may be a threat in the near future. At the same time, the Met Office has issued a yellow warning.

This post was published at shtfplan on November 21st, 2017.

America Is The 22nd ‘Best’ Country In The World For Women

To the surprise of many, Saudi Arabia recently announced it would end its longstanding ban on women driving with the change set to come into effect from June 2018. That ban has served as a major symbol of female oppression throughout the world and it has also done huge damage to the kingdom’s reputation for years. The situation could improve even further in the years ahead with Crown Prince Mohammed bin Salman pushing to implement more reforms in order to return the country to moderate Islam.
However, as Statista’s Niall McCarthy points out, Saudi Arabia isn’t alone in how it treats women and a new index has gauged the status of women in different countries.
The global Women, Peace and Security Index was launched by The Georgetown Institute for Women, Peace and Security and the Peace Research Institute of Oslo.
It measures women’s well-being by assessing various factors such as inclusion, justice and security in 153 countries.
Iceland comes first, followed by Norway and Switzerland.
The U. S. is in 22nd position and its lack of paid-maternity leave is one possible reason it trails other developed countries. Along with Papua New Guinea, the U. S. is the only country worldwide that doesn’t offer new mothers paid maternity leave.
Countries that are less peaceful and unstable tended to score poorly in the index with Afghanistan and Syria both rock bottom.

This post was published at Zero Hedge on Nov 10, 2017.

US, Sweden, Finland Launch New Format Talks: Dancing To Washington’s Tune

Authored by Peter Korzun via The Stratgeic Culture Foundation,
US Defense Secretary James Mattis visited Helsinki on Nov. 6-7 to attend a meeting of the Northern Group, a multilateral forum of 12 countries: Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, the Netherlands, Norway, Poland, Sweden and the United Kingdom.
Before the event, the secretary was received by Finnish President Sauli Niinist and then met his counterparts from Sweden and Finland. This is the first time a US Defense Secretary held talks in this format. Looks like the tripartite format talks are going to become a regular event as a similar meeting was announced to be planned for 2018.
Finnish Defense Minister Jussi Niinist explained that the goal of this format was meant to supplement, rather than replace, Finnish and Swedish bilateral relations with Washington. According to him, no new alliance is being built despite the expanded military cooperation with the United States. The minister also invited the US military to participate in large-scale military drills in 2020 or 2021. According to him, Finland started preparations for a major military exercise of a scale it had not arranged since the end of the Cold War. ‘If there’s a crisis, it will be good for us to practice receiving help,’ Jussi Niinist said. Formally a neutral country, Finland is offering a scenario which envisages receiving US-led NATO reinforcements, like if it were a full-fledged member of the North Atlantic Alliance to be defended in accordance with Article 5 of the Washington Treaty!
Erkki Tuomioja, a former foreign minister and member of the Social Democrat Party, said he believes the defense minister is skirting parliamentary procedures in pushing to host such a large exercise and that he intends to oppose the drills.

This post was published at Zero Hedge on Nov 10, 2017.

Iceland’s Biggest Volcano Is ‘Ready To Erupt’ As Europe Faces A Disaster

Iceland’s biggest volcano has been rocked by the strongest earthquake since it last erupted in 2014. With swarms of earthquakes occurring in the French Alps too, Europe is facing what could be one of the largest natural disasters in history.
Last week, the 6,591-foot tall Bardarbunga, a ‘powerful and versatile’ volcano, was rattled by the four largest earthquakes since it last erupted in 2014. The earthquakes, measuring in magnitudes of 3.9, 3.2, 4.7, and 4.7 on the Richter scale, struck the caldera region over several days last weekend. Another magnitude 4.1 earthquake hit the 200km long and 25km wide volcanic system earlier last week and several tremors struck in September.
Pll Einarsson, a volcanology expert at the University of Iceland, said the latest quakes are part of a series that have been ‘in progress for two years’. Speaking exclusively to Daily Star Online, he said the volcano is ‘clearly preparing for its next eruption’ within the next few years.
Fears are spiking even higher when considering the earthquake swarm that has been rocking the French Alps recently.

This post was published at shtfplan on October 31st, 2017.

Iceland Could Be About To Experience A Major Volcanic Eruption

Iceland’s largest volcano, Katla, was just moved to yellow status. But that isn’t all that’s concerning. There have also been over 500 earthquakes in Iceland in the last four days.
Experts now believe that a volcanic eruption that could be quite large, may soon occur in Iceland. A series of 40 small earthquakes occurred just North East of Mount Fagradalsfjall two days ago, with the final one felt in Reykjavik, measuring at almost 4 on the Richter scale. Following tremors at Katla in South Iceland and a glacial river flood in Mlakvsl, the Icelandic Met Office has raised the status of the famous volcano on its ‘Aviation Colour Code Map for Icelandic Volcanic Systems’ from green to yellow. People have even been warned to stay away from the Mlakvsl River because of the odor of sulfur.
An earthquake of the magnitude of 3 occurred in the Katla caldera at 00:48 last night followed by a series of smaller tremors. The seismic unrest could be connected to the glacial river flood and not connected to a possible eruption at all but the Iceland Met Office cannot be certain at this point.
Alert code yellow means that the volcano is active but that nothing points to an immenent eruption. If the colour code moves up to orange it means that the volcano is increasing its activity and an eruption is becoming likely. -Iceland Monitor

This post was published at shtfplan on July 30th, 2017.

While U.S. Targets Illegal Immigrants, Spain ‘Jails 65 Illegal Bankers’

Is everyone focused on the right enemy?
At the heart of every truly wicked and dark corner of the system’s activities is the central bank, and a scheme for domination.
It’s probably why everyone always advises ‘follow the money.’
While the Trump Administration is cracking down on immigration, and scoring big populist points for being tough on foreign criminals and undocumented families, he holds in his administration a who’s who of Wall Street’s banking elite, the very leaders of the mega-banks that caused the 2008 economic crisis, and who continue to drag the economy dangerously close to repeat disaster as the atmosphere of predatory financial dealings continues…
A lot of Americans would cheer on putting some of those guys on trial, those most responsible for rigging the economy and looting from the American people.
Instead, they remain at the helm of the ship.
Perhaps instead, they should take a lesson from Spain – and Iceland before it – by charging elite bankers for their roles in illegal banking.

This post was published at shtfplan on February 28th, 2017.

Are We Getting Dumber?

Recent studies are discovering that each generation is becoming increasingly stupid. A study from Iceland has highlighted a downward spiral in human intelligence. The genetics firm in Reykjavik found that groups of genes that predispose people to spend more years in education became a little rarer in the country from 1910 to 1975. The sample size was more than 100,000 Icelanders. They found a slight decline over the 65-year period.

This post was published at Armstrong Economics on Jan 26, 2017.

Iceland’s Pirate party invited to form government

Iceland’s president has invited the anti-establishment Pirate party to form a government, after the right- and left-wing parties failed in their bids.
Guni Jhannesson made the announcement on Friday after meeting with the head of the Pirate’s parliamentary group, Birgitta Jnsdttir.
‘I met with the leaders of all parties and asked their opinion on who should lead those talks. After that I summoned Birgitta Jnsdttir and handed her the mandate,’ he said.
Iceland held snap legislative elections on 29 October, in which none of the seven parties or alliances obtained a clear majority.

This post was published at The Guardian

This Saturday, ‘pirates’ may take over Iceland

Parliamentary elections are held in Iceland on Saturday. And soon pirate politics and direct democracy might have increased influence on the small volcanic Iceland.
Because The Pirate Party is shifting between being the number one most popular political party and the second most popular political party in polls.
For instance, a poll conducted by the Social Science Research Institute of the University of Iceland used data from 14-19 October 2016 to conclude that the support of Pirate Party stood at 22,6 %, ahead of all other parties.
The party was founded in 2012 and they are currently holding 3 out of 63 places in the Althing, the Icelandic parliament.
Here are a few of the things the Pirate Party wants to do:
– Give asylum to Edward Snowden – Introduce a 35 hour-workweek – Introduce a new, transparent, constitution – Legalize drugs – Raise taxes on natural resources.

This post was published at Business Insider

Prepare For the Pirates – Direct Democracy Driven Political Party May Gain Power in Iceland

We are not here to gain power, we are here to distribute power.

– sta Guthrn Helgadttir Pirate member of Iceland’s Parliament
While there are all sorts of populist political movements gaining traction across the West, the only one I find genuinely revolutionary and distinctly interesting and productive is Iceland’s Pirate Party.
I’ve covered the upstart party in the past, most recently earlier this year in the post, ‘The Pirates Are Coming’ – Iceland’s Pirate Party Polls at 43% Following the PM’s Resignation. Now, with the Icelandic election just days away (October 29th), the party is back in the news due to an expected strong performance.
The Washington Post explains:
REYKJAVIK, ICELAND – The party that could be on the cusp of winning Iceland’s national elections on Saturday didn’t exist four years ago.
Its members are a collection of anarchists, hackers, libertarians and Web geeks. It sets policy through online polls – and thinks the government should do the same. It wants to make Iceland ‘a Switzerland of bits,’ free of digital snooping. It has offered Edward Snowden a new place to call home.

This post was published at Liberty Blitzkrieg on Oct 26, 2016.

It’s Official: America Is Not The Greatest Country On Earth… It’s 28th!

Violence, alcoholism, and obesity pose the biggest risks in the U. S.
But the rest of the world isn’t doing much better.
As Bloomberg reports, Iceland and Sweden share the top slot with Singapore as world leaders when it comes to health goals set by the United Nations, according to a report published in the Lancet. Using the UN’s sustainable development goals as guideposts, which measure the obvious (poverty, clean water, education) and less obvious (societal inequality, industry innovation), more than 1,870 researchers in 124 countries compiled data on 33 different indicators of progress toward the UN goals related to health.

This post was published at Zero Hedge on Sep 23, 2016.

Iceland prepares to end currency controls

Iceland plans to significantly ease capital controls for individuals and companies, marking the end of a regime that was described as the crutch for the Icelandic economy following the 2008 crisis.
The Finance Ministry plans to put forward legislation on Wednesday to pave the way for the removal of capital controls for Icelanders who have been living with the restriction for eight years.
The recommendations will mean that outward foreign direct investment will be unrestricted, but still subject to confirmation by the central bank.
Investment in foreign currency financial instruments will also be allowed and individuals will be authorised to buy one piece of property abroad each calendar year, irrespective of purchase price.
Requirements, under penalty of law, to repatriate any foreign currency obtained abroad will also be eased and individual households will be given authorisation to buy foreign currency for travel. Iceland’s finance ministry said that next January the current ceiling on foreign investments will be raised.

This post was published at The Telegraph

What Would Future EU-UK Relations Look Like?

We have analyzed the reasons behind the Brexit vote. Let’s turn to the consequences of the Britain’s withdrawal from the EU, which are probably far more important from the investors’ perspective. As we stated in the previous edition of the Market Overview, the exact impact of the potential Brexit depends on the new economic relationship between the UK and the EU. What are the UK’s options outside the European Union?
The first option, often mentioned by the supporters of Brexit, is joining the European Economic Area (EEA). The EEA was established in 1994 to provide countries that are not the EU members with the opportunity to participate in the Single Market. It comprises all EU’s members and Iceland, Liechtenstein, and Norway – this why it is also called ‘the Norwegian model’. At first glance, this scenario looks perfect. The UK would not be within the EU, but it would have almost full access to the common market (with opt-outs from EU agriculture and fisheries policies). Indeed, economically it would the least painful option, as trade would not be hurt much. However, even this option would entail some costs due to customs controls and other trade barriers such as rules-of-origin requirements. Moreover, joining the EEA does not seem to be politically viable. The UK would still contribute to the EU’s budget (to have access to the Single Market) – and the contribution would be roughly similar to the current one (in 2011, Norway’s contribution was only 17 percent lower than the UK’s contribution) – while it would not receive any spending in return (for example, now the UK is the third largest recipient of the EU research and innovation funding). Additionally, the UK would have to comply with the EU rules governing the single market without having any say in setting them. It would be unbearable for Britons who voted for exit from the EU to ‘regain’ the allegedly lost sovereignty. Last but not least, the UK – as the part of the EEA – would have to allow EU citizens free entry. It is the final nail in the coffin of the Norwegian model, as the Brexit vote was mainly motivated by the negative sentiment toward immigration.
The second most commonly mentioned option would be the Swiss model. Switzerland neither joined the EU, nor the EEA. Instead, it signed a series of bilateral agreements with the EU, which allow it to participate in the single market and tailor its relations with the union. On the surface, the Swiss model is attractive – Switzerland chooses just the EU’ programs it wishes to participate in. However, the reality is not so rosy. Even though Switzerland implements most of the EU’s economic regulations, it cannot influence the EU rules, but merely accept or reject them. What is more, the scope of refusal is limited by the Guillotine clause, which states that if Switzerland does not accept changes in the EU directives, it will trigger the termination of all other agreements. Moreover, the alpine country also pays contributions to the EU budget (at the level amounting to about 40 percent of the UK’s contribution), is allowed free movement of people, but not the free movement of services. The lack of the agreement covering services trade would be a crucial drawback for the UK’s economy, greatly dependent on financial services. Additionally, striking Swiss-like bilateral agreements with the EU would take years to negotiate.

This post was published at GoldSeek on 12 August 2016.