EU presidency: US and UK economic recovery plans are 'a way to hell'

Barack Obama and Gordon Brown's plans to increase spending on economic recovery have been described as "a road to hell" by the European Union presidency.

Internal European divisions are growing over the Prime Minister and US President's strategies to fight the economic crisis just one week before a critical G20 summit in London.

Mirek Topolanek, the Czech prime minister who is running a caretaker EU presidency after the collapse of his government on Tuesday, highlighted European splits over fiscal stimulus plans promoted by Mr Obama, with Mr Brown's support.

Mr Topolanek warned the European Parliament that the Obama administration's stimulus package and financial bail-out "will undermine the stability of the global financial market".

”All of these steps, these combinations and permanency is the way to hell,” he told Euro-MPs in Strasbourg

”We need to read the history books and the lessons of history and the biggest success of the EU is the refusal to go this way.”

His comments reveal European disunity just eight days ahead of the G20 summit of the world's industrialised countries in London next Thursday.

Mr Brown will be hosting the event and trying to contain sharply diverging EU positions at the summit, which will also be the forum for Mr Obama's first visit to Europe as US President.

The comments are a major setback for Mr Brown as they come just one day after he addressed the same audience of MEPs to urge more government spending by the EU and US to help pull the world out of its financial and economic depression.

"We can together deliver the biggest fiscal stimulus," he said to the parliament on Tuesday.

Writing in newspaper articles published across Europe on Wednesday, Mr Obama implicitly criticised countries, such as Germany, France and the Czech Republic, that are opposed to further stimulus measures.

"All of us are going to have to take steps in order to lift the economy," he wrote.

"We don't want a situation in which some countries are making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those important steps, lift everybody up."

Scientists in possible cold fusion breakthrough!!

Researchers at a US Navy laboratory have unveiled what they say is "significant" evidence of cold fusion, a potential energy source that has many skeptics in the scientific community.

The scientists on Monday described what they called the first clear visual evidence that low-energy nuclear reaction (LENR), or cold fusion devices can produce neutrons, subatomic particles that scientists say are indicative of nuclear reactions.

"Our finding is very significant," said analytical chemist Pamela Mosier-Boss of the US Navy's Space and Naval Warfare Systems Center (SPAWAR) in San Diego, California.

"To our knowledge, this is the first scientific report of the production of highly energetic neutrons from a LENR device," added the study's co-author in a statement.

The study's results were presented at the annual meeting of the American Chemical Society in Salt Lake City, Utah.

The city is also the site of an infamous presentation on cold fusion 20 years ago by Martin Fleishmann and Stanley Pons that sent shockwaves across the world.

Despite their claim to cold fusion discovery, the Fleishmann-Pons study soon fell into discredit after other researchers were unable to reproduce the results.

Scientists have been working for years to produce cold fusion reactions, a potentially cheap, limitless and environmentally-clean source of energy.

'No extra cash' for UK economy, Bank of England chief warns

Gordon Brown has little or no scope to pour extra cash into the stricken economy, the Bank of England Governor has said in an unusual intervention on the state of the public finances.

Mervyn King used an appearance at the Treasury Select Committee to warn the Government of the dangers of borrowing any more to bring the recession to an end. In comments which will increase the speculation that the Chancellor will not embark on an American-style economic bail-out at the Budget next month, Mr King said Alistair Darling must keep spending under control.

"I'm sure the government will want to be cautious in this respect," he said. "There is no doubt we are facing very large fiscal deficits over the next two to three years.

"Given how big those deficits are, I think it would be sensible to be cautious about going further in using discretionary measures to expand the size of those deficits.

"The level of the fiscal position in the UK is not one that would say: 'Well, why don't we just engage in another significant round of fiscal expansion?'"

The warning amounts to the Governor's most forceful language yet on the dangers facing the public finances. It comes only days after the International Monetary Fund warned that Britain is facing the biggest government deficit in the western world, even before it has pledged any extra cash to be spent on the recession.

The Fund warned that even before it has committed to extra "fiscal stimulus" such as tax cuts or spending increases, the Government is facing an unprecedented budget shortfall because the recession is eating into its tax revenues and increasing the amount it has to spend on unemployment benefits for laid-off workers. The cost of these so-called automatic stabilisers is likely to be even greater than the £20bn spent by Alistair Darling at the pre-Budget report in November on cutting VAT for a year.

Business lobby group the CBI warned this week that Mr Darling should not spend extra cash at the Budget.

However, the Prime Minister is thought to be investigating plans to use the Budget next month to borrow even more and boost the economy with a set of measures including tax cuts and spending increases. Some suspect his plan is to use the Budget to help boost his popularity ahead of the anticipated 2010 general election. With the G20 meeting of world leaders likely next week to recommend that governments do everything in their power to boost their growth, many claim the temptation to do so will be difficult for Mr Brown to resist.

Shadow Chancellor, George Osborne, said: "This is hugely significant, as it completely vindicates the big decision taken by David Cameron and myself on the economy, and it leaves Gordon Brown's political plans for the G20 and the Budget in tatters. It is the Prime Minister who is now isolated at home and abroad."

After the hearing at the House of Commons, Mr King visited Buckingham Palace, at the Queen's invitation, for a private audience. It was the first such audience with a Bank of England Governor in her reign.

Czech Government ousted; another economic casuality.

The Czech government collapsed after losing a parliamentary no-confidence vote over its handling of the economic crisis.

It was a huge embarrassment for Prime Minister Mirek Topolanek, coming just days before a planned visit by US President Obama and midway through the Czech Republic's six-month European Union presidency.

The lower house of Parliament voted 101-96 to declare no confidence in the three-party coalition government, after four lawmakers broke rank with their parties and voted with the opposition. Three legislators were absent from the vote.

It was the first time a government has been ousted by parliament since the country came to existence after the 1993 split of Czechoslovakia.

Topolanek said he could resign after a planned trip to Brussels on Wednesday. "I take the vote into account and will act according to the Constitution," he said.

There has been no indication of whom President Vaclav Klaus might choose to form a new Cabinet. If three attempts to form a government fail, early elections must be called.

Topolanek's minority coalition took charge in January 2007, after months of difficult negotiations following 2006 general elections that resulted in no clear winner.

The government has struggled to resolve deep divisions within Parliament over whether to allow components of a U.S. missile defense shield on Czech territory, and whether to adopt the EU reform treaty to streamline decision-making in the bloc.

In recent months, opposition lawmakers also said they became frustrated with the government's response to the global economic slowdown. Before the crisis, the Czech Republic's export-oriented economy had been growing fast, but the country is expected to enter a recession this year. Annual industrial output fell 23.3 percent in January.

The opposition said the government acted too late and did too little - approving a stimulus package only last month worth 70 billion koruna ($3.5 billion), including measures for investments in ecology and infrastructure along with tax cuts and loan guarantees.

UK population must fall to 30 million - PM leading green advisor.

Jonathon Porritt , one of Gordon Brown’s leading green advisers, is to warn that Britain must drastically reduce its population if it is to build a sustainable society.

Porritt’s call will come at this week’s annual conference of the Optimum Population Trust (OPT), of which he is patron.

The trust will release research suggesting UK population must be cut to 30m if the country wants to feed itself sustainably.

Porritt said: “Population growth, plus economic growth, is putting the world under terrible pressure.

“Each person in Britain has far more impact on the environment than those in developing countries so cutting our population is one way to reduce that impact.”

Population growth is one of the most politically sensitive environmental problems. The issues it raises, including religion, culture and immigration policy, have proved too toxic for most green groups.

However, Porritt is winning scientific backing. Professor Chris Rapley, director of the Science Museum, will use the OPT conference, to be held at the Royal Statistical Society, to warn that population growth could help derail attempts to cut greenhouse gas emissions.

Rapley, who formerly ran the British Antarctic Survey, said humanity was emitting the equivalent of 50 billion tons of CO2 into the atmosphere each year.

“We have to cut this by 80%, and population growth is going to make that much harder,” he said.

Such views on population have split the green movement. George Monbiot, a prominent writer on green issues, has criticised population campaigners, arguing that “relentless” economic growth is a greater threat.

Many experts believe that, since Europeans and Americans have such a lopsided impact on the environment, the world would benefit more from reducing their populations than by making cuts in developing countries.

This is part of the thinking behind the OPT’s call for Britain to cut population to 30m — roughly what it was in late Victorian times.

Britain’s population is expected to grow from 61m now to 71m by 2031. Some politicians support a reduction.

Phil Woolas, the immigration minister, said: “You can’t have sustainability with an increase in population.”

The Tory leader, David Cameron, has also suggested Britain needs a “coherent strategy” on population growth.

Despite these comments, however, government and Conservative spokesmen this weekend both distanced themselves from any population policy. ”

Police Arrest 300 in Paris Riots over Economic Crisis.

More than 300 rioters were arrested in Paris as baton-wielding gangs clashed with police in protests over President Nicolas Sarkozy’s handling of the financial crisis.

At least 10 police officers were seriously injured in the Place de la Nation, in the east of the French capital, where 85,000 people completed a largely peaceful protest.

Nationally, some three million showed their anger at President Sarkozy.

As fires were lit and shop windows smashed soon after 8pm last night, riot police unleashed rounds of tear gas at a mob of about 750 youths.

Fighting broke out on all corners of the square, with police snatch squads moving in to arrest ring leaders. Chants of "Sarkozy resign" were heard, as what appeared to be well organised gangs went on the rampage in surrounding streets, targeting banks and other symbols of capitalism.

By midnight there had been at least 300 arrests, with 49 charged with serious public order offences.

Disturbances broke out in other major cities, including Marseille and Toulouse, with tear gas and baton charges also being used to control crowds in Saint-Nazaire on the Brittany coast.

Earlier demonstrations combined with a general strike brought more than three million people on to the streets across the country, trade unions claimed.

While police estimates were lower the figure was expected to beat the two million who protested at the end of January. Schools, courts, post offices, universities and hospitals were closed, with public transport severely disrupted, as up to 200 marches were organised.

The latest strike has wide support across the country, with 75 per cent of those questioned in polls this week saying they feared for their future and supported industrial action.

President Sarkozy announced proposals, including tax breaks and social benefits, after January's strike but protesters said the £2.3billion deal was not enough.

He rejected mounting calls by unions and the opposition for him to suspend a 50 per cent cap on income tax, arguing it would drive wealthy taxpayers abroad. Many are angry that companies such as oil giant Total are making staff redundant while simultaneously announcing record profits.

EU prohibits the use of ‘Ms.’ and ‘Mrs.’, claiming it to be sexist!

European Union has taken political correctness to a new level, perhaps the stratosphere. Just when I thought that taxing livestock’s flatulence was funny enough I get this news again from Europe that the EU have banned the use of words like ‘miss’, ‘Mrs.’; Madame, mademoiselle; ‘Senor’, ‘senorita’; ‘Frau’, ‘fraulein’ citing that these word are sexist, bigoted and chauvinistic.

The bureaucrats from Brussels have decided that these words are sexist and issued new guidelines in its bid to create ‘gender neutral’ language.

The booklet warns European politicians they must avoid referring to women’s marital status.

Instead of using the standard titles, it is asking MEPs to address women by their names.

And the rules have not stopped there – they also ban MEP’s saying sportsmen and statesmen, advising athletes and political leaders should be used instead.

Man-made is also a taboo – it should be artificial or synthetic, firemen is disallowed and air hostesses should be called flight attendants.

Headmasters and headmistresses must be heads or head teachers, laymen become layperson, and manageress or mayoress should be manager or mayor.

Police officers must be used instead of policeman and policewoman unless the officer's sex is relevant.

The only problem words that do not fit into the guidelines are waiter and waitress, which means MEPs are at least spared one worry when ordering a coffee.

They have reacted with incredulity to the booklet, which has been sent out by the Secretary General of the European Parliament.

THE ECONSTORM IS COMING.

TIME HAS COME TO SEE THE VIRTUAL ELEPHANT IN THE LIVING ROOM.

Derivatives instruments are the most perplexing financial instruments. The very definition of derivative is ‘those financial instruments whose values are derived from the value of something else generally called the underlying if X is the prevalent condition’. It states that the value of the instrument depends on the underlying values and the environment conditions and this in turn depends upon X, Y, Z… factors. Derivatives depends upon very many unknowns so it would not be wrong for me to term it as a very vague instrument and an instrument people are not very familiar with, as at any stage the holder of this instrument does not know its real value. He is always in the dark because the value is determined by very many unknowns that have not yet taken a shape.

The current financial situation is dismal to say the least. There are bank runs, bailouts, foreclosures, bankruptcies, tent cities, ponzies, market indices in a downward spiral etc. With all these jargons making rounds in the financial spheres I was rather amazed that derivatives have not been spoken about in great depth. So I decided to give it a try. The findings if are true are very depressing.

Derivative contracts total about three-quarters of a quadrillion dollars in “national” amounts, according to the Bank for International Settlements. These contracts are tallied in notional values because no one really can say how much they are worth.

But valuing them correctly is exactly what we should be doing because these comprise the viral disease that has infected the financial markets and the economies of the world.

Try as we might to salvage the residential real estate market, it’s at best worth $23 trillion in the US. We’re struggling to save the stock market, but that’s valued at less than $15 trillion. And we hope to keep the entire US economy from collapsing, yet GDP stands at $14.2 trillion.

Compare any of these to the derivatives market and you can easily see that we are just closing the windows as a Tsunami crashes to shore. The total value of all the stock markets in the world amounts to less than $50 trillion, according to the World Federation of Exchanges,

To be sure, the derivatives market is international. But much of the trouble we're in began with contracts "derived" from the values associated with U.S. residential real estate market. These contracts were engineered based on the various assumptions tied to those values.

Few know what derivatives are worth. Derivatives pricing, simply put, is determined by what someone else is willing to pay for the contract. The value is based on an artificial scenario that "X" will be worth "Y" if "Z" happens. Strip away the fantasy, however, and the reality of the situation is akin to a game of musical chairs -- without any chairs.

So now the music has finally stopped.

That's why stabilizing the housing market will do little to take the sting out of the snapback we are going through on Wall Street. Once people's mortgages were sold off to secondary buyers, and then all sorts of crazy types of derivative securities were devised based on those, and those securities were in turn traded on down the line, there is now little if any relevance to the real estate values on which they were pegged.

We need to identify and determine the real value of derivatives before we give banks and institutions a pass-go with more tax dollars. Otherwise, homeowners will suffer as banks patch up the holes left in their balance sheets by the derivatives gone poof; new credit won't be extended until the raff of the old credit is put behind.

It isn't the housing market devaluation, or the sub-prime mortgage market defaults that have us in real trouble. Those are nice fakes to sway attention away from the place where greed truly flourished -- trading phony instruments to the tune of $700 trillion.

Let's figure how to get out from under that. Then maybe the capital will begin to flow again through the markets. Right now, this elephant isn't just in the room, it's sitting on us.

DOLLAR DEFIES RECIPE FOR CURRENCY COLLAPSE

The US Federal Reserve is printing money. The US government is also spending wildly today so there won’t be a depression tomorrow. It sounds like a recipe for currency collapse. Yet the dollar keeps picking up. And the trend seems unlikely to change soon. What’s going on? Well, consider the competition.

Start with the dollar’s predecessor as reserve currency – the pound. At $1.38, it is close to setting what would be 20-year lows against the dollar, less than a year after it set quarter-century highs.

Let us count the woes. The banks have big foreign liabilities, the deficit-ridden UK government has taken on most of the risk in the banking sector, and the Bank of England is going to add £75bn in fresh notes to the pool of sterling assets. Who wants them? Not foreign investors.

The euro, Icarus-like last summer, also looks to be heading fast for the soil. Euro zone growth is bad. Its banks are in trouble. How to avoid an unfortunate roast of Greece, Ireland, Portugal and Spain is the question. But now add Belgium, Italy and Austria, whose banks are among the worst affected by Eastern Europe’s implosion.

In Frankfurt, Jean-Claude Trichet, head of the European Central Bank is not in favour of easing. In Berlin, Chancellor Angela Merkel is not keen on bailing. The zone is sinking.

Just like Japanese exports – down by an annual 46pc in January. The yen’s rise last year was in part technical. Hedge funds advocated shorting Japan. Then it became time to drop those risky yen shorts and run for cover. But Japan’s fundamentals are now exposed and none too pretty. Recession is intense.

US fundamentals are dreadful, too. But policy-making could hardly be more activist. It is in essence a huge gamble on recovery. For now, the world would rather take that gamble and buy the multitude of treasuries the US government is issuing than contemplate anything else. The reserve currency will forge ahead. Unless the world starts to think the big US wager is going to be a losing one.

TAXING ANIMALS FARTS TO FIGHT GLOBAL WARMING.

A cow tax of €13 per animal has been mooted in Ireland, while Denmark is discussing a levy as high as €80 per cow to offset the potential penalties each country faces from EU legislation aimed at combating global warming.

The proposed levies are opposed vigorously by farming groups. Proposal to tax the flatulence of cows and other livestock have been denounced by farming communities of Irish Republic and Denmark.

The reason for this weird tax is because apparently livestock contribute 18% of the greenhouse gases believed to cause global warming (as global warming has not been proved outside the lab premise!!), according to UNFAO. Danish tax commission estimates that a cow will emit 4 tonnes of methane a year in burps and farts (flatulence) compared with 2.7 tonnes of Carbon dioxide for an average car.

Another fanatical EU legislation is that agriculture, transport and housing are not included in EU’s Emissions Trading Scheme (ETS), which enables industrial companies to buy and sell permits to emit carbon dioxide. Instead, EU member states are obliged to cut emissions from non-ETS sectors by 10% overall by 2020.

They have also gone further ahead to suggest that devices should be attached to their buttocks to measure the amount of methane emitted.

If things move at this rate then a day is not far when our tail holes will be bustling with various devices to tackle global warming.

Morgellons a weird disease or an invasion by machine intelligence!!!!

Morgellons (also called Morgellons disease or Morgellons syndrome) is a name given in 2002 by Mary Leitao to a proposed condition characterized by a range of cutaneous (skin) symptoms including crawling, biting, and stinging sensations; finding fibers on or under the skin; and persistent skin lesions (e.g., rashes or sores). Current scientific consensus holds that Morgellons is not a new disorder and is instead a new and misleading name for known illnesses. Most Doctors including dermatologists and psychiatrists regard Morgellons as a manifestation of known medical conditions, including delusional parasitosis although some health professionals say that an infectious cause could one day be found.

There is now strong data indicating that this disorder is associated with nanotechnology, specifically nanomachines in the form of nanofibers. The National Science Foundation (NSF) defines nanofibers as having at least one dimension of 100 nanometer (nm) or less. Fiber samples, taken from the skin of a Morgellons sufferer, when exposed to heat, did not burn until it has been heated to 1700 degrees F. As well, under examination with an electron microscope, fiber samples appear not to be organic. They have no eukaryotic cells, no cell membrane. Meaning that Morgellons is not a parasite, it is not biological, it is a machine.

The preliminary findings were disturbing. Morgellons appears to be a communicable nanotechnology invasion of human tissue in the form of self-assembling, self-replicating nanotubes, nanowires, and nanoarrays with sensors.

Other nanoconfigurations associated with Morgellons disease carry genetically-altered and spliced DNA or RNA. The nanomachines which precipitate Morgellons thrive in alkaline ph conditions and use the body's bio-electric energy and other (unidentified) elements for power. There is evidence that certain of the tiny machines possess their own internal batteries as well. The Morgellons nanomachines are configured to receive specific tuned microwave, EMF and ELF signals and radio data.

At this point, why this is happening is anyone's guess. We do know that Morgellons is commonly found in all body fluids, orifices and often even hair follicles, and are believed to routinely achieve total body systemic penetration.

If these findings are correct, and Morgellons is nanotechnology capable of taking over biological systems, the question remains whether or not these nano-machines were the result of an accident, or a deliberate release with the intention of infecting people for some unknown purpose.

It is almost as if Morgellons is in the process of reconstructing people into an entirely different life form; a cyborg-like creature, both biological and machine. As well, with the reports that the Morgellons nanomachines are capable of receiving radio signals, this could indicate that each infected person/system would be able to communicate with other Morgellon sufferers, creating the potential that each person would be like a single brain-cell of a larger, artificial intelligence.

Are we facing an invasion by machine intelligence, or is this a twisted attempt by some unknown group or government to achieve the ultimate control of humankind? Considering the current world situation, it would not be unreasonable to imagine that someone could stoop to such evil as releasing something such as Morgellons upon an unsuspecting planet. Sometimes the smallest thing can cause the biggest problems. We have to take a deeper look, beyond the affliction itself, before we will find any substantial answers

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World Bank Offers Dire Economic Forecast

In a bleaker assessment than those of most private forecasters, the World Bank predicted Sunday that the global economy would shrink in 2009 for the first time since World War II.

The bank did not provide a specific estimate, but bank officials said its economists would be publishing one in the next several weeks.

Until now, even extremely pessimistic forecasters have predicted that the global economy would eke out a tiny expansion but had warned that even a growth rate of 5 percent in China would be a disastrous slowdown, given the enormous pressure there to create jobs for the country's rural population.

The World Bank also warned that global trade would contract for the first time since 1982, and that the decline would be the biggest since the 1930s.

In a report prepared for a meeting next week of finance ministers from the 20 industrialized and large developing countries, the World Bank said the economic crisis that started with junk mortgages in the United States was causing havoc for poorer countries around the world, not only stifling their growth but also choking off their access to credit as well.

The bank said the financial disruptions were all but certain to overwhelm the ability of institutions like it and the International Monetary Fund to provide a buffer.

The bank, which provides low-cost lending for economic development projects in poorer countries, pleaded for wealthy governments to create a "vulnerability fund" and to set aside a fraction of what they spend on stimulating their own economies for assisting other countries.

"This global crisis needs a global solution and preventing an economic catastrophe in developing countries is important for global efforts to overcome this crisis," said Robert Zoellick, the World Bank president. "We need investments in safety nets, infrastructure, and small and medium-size companies to create jobs and to avoid social and political unrest."

The bank said developing countries, many of which had been growing rapidly in recent years, were now being devastated by plunging exports, falling commodity prices, declining foreign investment and vanishing credit.

The effect of the global slowdown varies widely among countries, and the drop in prices for oil and other commodities has created winners and losers, But as a whole, the bank said, emerging-market countries faced a combined financing gap in 2009 of at least $270 billion and as much as $700 billion.

The report detailed the variety of ways in which the global slowdown had hammered poorer countries in Latin America, Central Europe, Asia and Africa.

Central European countries like Poland, Hungary and the Czech Republic are hurting from diminished exports to Western Europe as well as a severe credit crunch among major European banks, which have suffered huge losses on U.S. mortgages and mortgage-backed securities.

East Asian countries are reeling from plunging global trade. Demand for inexpensive manufactured goods has plunged in the United States. That slump has hit many Asian countries directly and indirectly, through falling demand by China for raw materials and component products.

Lower commodity prices have caused great problems in many African and Latin American countries. The steep slide in oil prices - 69 percent between July and December of 2008 - has spurred growth in poorer oil-importing countries but has caused immense difficulty in poorer oil-exporting countries.

Brazil, an exporter of oil as well as many other commodities and manufactured goods, reported its first trade deficit in eight years as exports dropped 28 percent in 2008.

Zoellick called for rich countries to set aside 0.7 percent of the amount of money they spend to stimulate their own economies for a "vulnerability fund" to help stabilize poorer countries.

Zoellick said the new fund could then make the money available to countries through the World Bank, the United Nations or other global financial institutions like the International Monetary Fund.

He said the World Bank had the potential to triple its own lending in 2009 to $35 billion, though that would still be a small fraction of even the most optimistic estimate on the shortfall facing poor countries.

People anticipating global food shortage??

Ade McCormack, business and technology expert, wrote a month back that the world is in a crisis and with it the world of business and also stating that many of us have two plans. Plan A involves President Obama performing some economic magic and Plan B involving a revolver, a vegetable patch and a subscription to survivalists monthly.

And while McCormack was writing with a hint of jest, dissent over the president's trillion-dollar spending approach to the economy has left many average, everyday Americans considering something looking suspiciously like plan B.

Bill Heid of Survival Seeds, a company that sells high yielding vegetable seeds sealed for long term storage says that his business has skyrocketed. He further states that 90% of his business increase is new business which implies that his business is spreading and more and more people are getting inclined towards survivalists’ notion.

Lehman’s, an Ohio retailer of home self-sufficiency equipment, has recorded huge sales increases from across the preparedness spectrum.

Vic Rantala, founder of Minnesota-based Safecastle, which markets home shelters for protection against disasters such as hurricanes and chemical attacks, said that his company's revenues have more than doubled since 2007.

George C. Ball Jr., owner of the major seed and plant supplier W. Atlee Burpee Company, - sales shot up by 40 percent last year, double the annual growth for the last five years.

Newspapers from around the world reported last month on people facing the economic crisis with increased preparations for catastrophe.

The Sydney Morning Herald reports the story of Tony, a 44-year-old stockbroker who lives in a Sydney suburb with his wife and three children. Tony has been stockpiling supplies including rice, multivitamins, peanut butter, honey, soap and toilet paper.

So the bottom line is that people are anticipating a global catastrophe and with every passing day the picture gets clearer.

White House nightlife under investigation.

An organization that serves as a watchdog on the U.S. government for American taxpayers has launched a campaign to uncover exactly how much tax money is being spent on parties at the Obama White House.

The president has shown a penchant for lavish galas, such as the huge assembly orchestrated in Denver when he accepted his party's nomination for president – an outdoor gathering for some 75,000 featuring a stage with Greek columns. He also held a multimillion-dollar victory celebration in Chicago, and his fancy inauguration cost an estimated $170 million, according to ABC News.

Now, Larry Klayman, founder of Freedom Watch told WND today he's seeking information about the partying in the White House since the Obamas moved in.

Klayman said the reports of the partying at the White House, "with the likes of Steve Wonder and other high priced entertainment stars," will be the focus of document requests being submitted to the General Services Administration. The requests will seek to determine how much taxpayer money is being used.

Since moving into their new digs, the first couple has hosted a half-dozen gatherings – from bipartisan cocktail receptions to a public open house to the more intimate Super Bowl party ... ending many of their days past midnight.

"We haven't seen this kind of entertaining in a really long time," Dee Dee Myers, former White House press secretary to Bill Clinton, said in the report.

According to an ABC report, many of the parties have been on Wednesdays, and the report confirmed one featured a Stevie Wonder concert.

Obama-nomics!!

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow closed at 6627, for an overall decline of almost 27% in two months and to its lowest level since 1996. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush. And Mr. Obama has inherited an unusual recession deepened by credit problems, both of which will take time to climb out of. But it's also true that the economy has fallen far enough, and long enough, that much of the excess that led to recession is being worked off. Already 15 months old, the current recession will soon match the average length -- and average job loss -- of the last three postwar downturns. What goes down will come up -- unless destructive policies interfere with the sources of potential recovery.

And those sources have been forming for some time. The prices of oil and other commodities have fallen by two-thirds since their 2008 summer peak, which has the effect of a major tax cut. The world is awash in liquidity, thanks to monetary ease by the Federal Reserve and other central banks. Monetary policy operates with a lag, but last year's easing will eventually stir economic activity.

Housing prices have fallen 27%, or some two-thirds of the way back to their historical trend. While still high, credit spreads are far from their peaks during the panic, and corporate borrowers are again able to tap the credit markets. As equities were signaling with their late 2008 rally and January top, growth should under normal circumstances begin to appear in the second half of this year.

So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter.

UFO sightings in Shenzhen China.

Newspapers in the Chinese city of Shenzhen in Guangdong province not far from Hong Kong were recently inundated with calls from stunned residents of the city’s Futian district regarding UFOs that lingered above the city for over half an hour. One of the UFOs bathed the area in warm blue-violet light before shooting south. The incident took place at around 7.30pm on February 23 of this year.

A Mrs. Zhou saw the UFOs as she stood on her balcony; she said two of the three shot off while one remained for a while before leaving. ‘I have no idea what they were. The last one was emitting the strangest violet light which was very bright’. A Mr. Yip also saw the UFOs and noticed that at least one of the craft was also emitting a blue flame from its underside. No photos have emerged yet of the incident.

Shenzhen is no stranger to UFOs; there have been dozens of sightings over the past two years. Futian is in the centre of the city and is a financial and business district. Shenzhen is in China’s ‘Special Economic Zone’ and is regarded as a boomtown and has an ultra modern skyline. It is home to over 8,000,000 residents. Perhaps alien visitors are taking an interest in China’s economic progress, weighing up whether humans in this part of the world are ready to deal with an open alien presence.

Putin labels Obama idiot!!

Russian Prime Minister Vladimir Putin has warned the Obama administration against adopting further socialism, saying Russian history clearly proves it is a recipe for failure.

“Any fourth grade history student knows socialism has failed in every country, at every time in history,” said Putin. “President Obama and his fellow Democrats are either idiots or deliberately trying to destroy their own economy.”

Economists say Putin’s comments serve to illustrate how worldwide markets have made even economic adversaries dependent on each other’s financial stability.

An Obama spokesman dismissed Putin’s claim, saying, “We’re going to do socialism better.”

Avian Flu pandemic is a possibility.

Many scientists are now sure that a version of H5N1, or the avian flu, will cause a pandemic in the future. While speaking to health officials at the National Emergency Management Summit Thursday, several experts said the issue was no longer an "if" issue, it was now "when." Without knowing when a pandemic will hit, many hospitals and the government are doing what they can to try to prepare the U.S. for the event.

Britain has the world's second biggest fall in property prices in 2008.

Latvia - property prices fell by 33.5%
United Kingdom - property prices fell by 14.7%
Iceland - property prices fell by 14%
United States - property prices fell by 12.1%
Ireland - property prices fell by 9.1%
Estonia - property prices fell by 7.5%
Norway - property prices fell by 7.5%
Denmark - property prices fell by 7%
Singapore - property prices fell by 6.5%
Portugal - property prices fell by 6.3%
Canada - property prices fell by 6.2%

The sample population was 40 countries. An interesting observation would be that out of these 11 countries; Latvia, Iceland & Ireland have officially called themselves bankrupt. If property slump would have been a major and/or sole ingredient to measure a failed state then as of december 31, 2008 US & UK would have been a failed state.

Printing Money? Don't Panic!

The Bank of England today announced unprecedented steps to prevent the deepest slump since the 1930s when it unveiled plans to inject up to £75bn into the economy over the next three months.

Alarmed by signs that Britain's malfunctioning banking system is starving consumers and businesses of credit, Alistair Darling (Chancellor of Exchequer) gave Threadneedle Street clearance to begin creating money – the last-gasp measure used by Japan to end a decade of recession and deflation.

The Bank said it would embark on 'quantitative easing' next week, after its monetary policy committee cut the bank rate for the sixth time since the global financial system came close to collapse last Oct­ober. The rate is now 0.5% – a level not seen before in the Bank's 315-year history.

Mervyn King, the Bank's governor, said it was unlikely that bank rate could go any lower and policymakers would shift focus to creating money instead. "We are very close to zero. What we are doing now is switching to injecting money into the economy directly."

Mysterious Shaking Hits California County

Residents of Orange County, Calif., reported a mysterious shaking that experts said was not caused by an earthquake or space shuttle.

Dozens of residents across the county reported the shaking, which they said mostly caused windows and doors to rattle, at about 9:15 p.m. Tuesday, a time that Edwards Air Force Base said did not line up with any space shuttle activity, the Orange County Register reported Thursday.

Bob Dollar, a seismologist at the U.S. Geological Survey, ruled out an earthquake as the cause of the shaking.

"We did not record any earthquake tonight that could have caused this kind of shaking around Orange County," he said.

High explosive activities were scheduled for Tuesday at U.S. Marine Corps Camp Pendleton, but a base official said he did not notice any shaking and sounds and vibrations from live fire exercises at the base are rarely noticed beyond the southern-most portion of the county.

Private sector job loss in US 1.31 million for Jan-Feb 09

U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services that suggests hefty employment declines are on the way in the government's payrolls report due on Friday.

ADP said on Wednesday that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.

It was the biggest job loss since the report's launch in 2001 and showed the misery of declining employment spreading broadly and evenly throughout the economy.

The service sector, which often resists the grip of recession longer than other areas, accounted for more than half of the total losses, reflecting the rapid deterioration of the economy in recent months.

Puerto Rico's governor says 'government is bankrupt'

Puerto Rico's Gov. Luis Fortuno on Tuesday outlined a plan that would cut spending by $2 billion per year and slash government payrolls by what could be more than 30,000 workers, or 10 percent of the government's work force.

"It's up to us to confront the bitter reality that the government is bankrupt," Gov. Luis Fortuno said Tuesday.

The number of laid-off workers will depend on how many accept voluntary buyouts and how many agree to cut their hours, he said.

"But I am frank," he said. "The quantity could be significant and I fear they could exceed 30,000 workers."

Though he did not lay out a timetable, Fortuno prefaced his prediction by calling for "immediate action" to emerge from a crisis that has left the government unable to pay its bills.
The situation is dire, he said. "Imagine that in June, the government stopped paying the light bill," he said. "Or the water and phone."

Failure to take quick action, he predicted, could delay recovery by a decade. "Simply put, I am not going to permit it," he said.

Fortuno said his plan would slash government operations by 10 percent, cut his own salary by 10 percent, cut salaries of chiefs of agencies by 5 percent until 2010, and freeze others' salaries.

He said since entering office two months ago, he discovered the fiscal deficit is four times greater than what he had been told -- or more than $3.2 billion, which translates into the highest per capita deficit figure in the nation.

Failure to take immediate action would result in an unemployment rate above 10 percent in two years, he added.

To achieve his "reconstruction plan," Fortuno said he was sending the Legislative Assembly proposals to inject money into the economy through public works and to resolve the fiscal crisis "that has broken the government."

In addition to the $5 billion that Puerto Rico is to receive under the federal stimulus plan, Fortuno said he was submitting to the legislative assembly a plan for $500 million to provide benefits, carry out public works projects and create jobs.

A stimulus package would invest $180 million to guarantee loans to small- and medium-sized businesses, he said.

An additional $142.5 million would be for public works projects in the cities -- $100 million of which would go directly to mayors, he said.

In addition, more than 106,000 pensioners making less than $20,000 per year will each get a voucher worth $300, he said.

More than 5,000 families that risk losing their homes because of lost jobs or lost income of 20 percent or more would be eligible for a program to reduce their monthly payments -- either by lowering their mortgage interest rates or lengthening the term of their loans, he said.

"Public-private alliances" will help ensure Puerto Rico's port and highways have the money they need to keep working, he said.

Fortuno said he would work to avoid increasing taxes on items that disproportionately affect the middle class, like gasoline and cellular phones.

But he said he would impose a temporary 5 percent increase on income tax for corporations, banks, insurance companies and international banking entities as well as for individuals making more than $100,000 per year and couples making more than $150,000 per year.

The only permanent tax increase will be levied on cigarettes, wine and beer, he said.
"Simply put, the government has to shrink,".

Global shipping movements collapse!!

South Korea’s biggest port and the fifth largest port of the world – The Busan Port – is running out of room to store shipping containers, the bigger concern is that boxes are all empty. Containers trade at Busan has fallen about 40% in recent months.

Empty containers, idled dockworkers and laid-up vessels have become a hallmark of ports from Singapore to Rotterdam that six months ago were straining to meet the flow of electronics, toys, cars and equipments.

Singapore, the world’s biggest container port, handled 1.97 million 20-foot containers in January, 20% less than a year earlier. In Shanghai, the second largest, traffic was down 19%, while Hong Kong, the No. 3, suffered a 23% drop.

The dockworkers earnings have fallen by half and some were taking less than $672 a month.

Global shipyards are still working through contracts placed since 2006; new orders have plummeted in the past 4 months.

A total of 153.6 million deadweight tons were ordered last year worldwide, 43% less than 2007. In January, 0.4 million tons were ordered an astonishing 97% from the same month a year earlier.

Russian Scholar: U.S. May Collapse Next Year

I had come across Mr. Igor Panarin couple of weeks back. He speaks quite unequivocally about the ‘eminent collapse of the US’ and an eventual division of the states into six distinct units. It definitely appeared back then a bit unfathomable but a little research on it and the idea sank in.

And here is why….

If you're inclined to believe Igor Panarin, and the Kremlin wouldn't mind if you did, then President Barack Obama will order martial law this year, the U.S. will split into six rump-states before 2011, and Russia and China will become the backbones of a new world order.

Panarin might be easy to ignore but for the fact that he is a dean at the Foreign Ministry's school for future diplomats and a regular on Russia's state-guided TV channels. And his predictions fit into the anti-American story line of the Kremlin leadership.

"There is a high probability that the collapse of the United States will occur by 2010," Panarin told dozens of students, professors and diplomats at the Diplomatic Academy — a lecture the ministry pointedly invited The Associated Press and other foreign media to attend.

The prediction from Panarin, a former spokesman for Russia's Federal Space Agency and reportedly an ex-KGB analyst, meshes with the negative view of the U.S. that has been flowing from the Kremlin in recent years, in particular from Vladimir Putin.

Putin, the former president who is now prime minister, has likened the United States to Nazi Germany's Third Reich and blames Washington for the global financial crisis that has pounded the Russian economy.

Panarin didn't give many specifics on what underlies his analysis, mostly citing newspapers, magazines and other open sources.

He also noted he had been predicting the demise of the world's wealthiest country for more than a decade now.

But he said the recent economic turmoil in the U.S. and other "social and cultural phenomena" led him to nail down a specific timeframe for "The End" — when the United States will break up into six autonomous regions and Alaska will revert to Russian control.

Panarin argued that Americans are in moral decline, saying their great psychological stress is evident from school shootings, the size of the prison population and the number of gay men.

Turning to economic woes, he cited the slide in major stock indexes, the decline in U.S. gross domestic product and Washington's bailout of banking giant Citigroup as evidence that American dominance of global markets has collapsed.

Panarin insisted he didn't wish for a U.S. collapse, but he predicted Russia and China would emerge from the economic turmoil stronger and said the two nations should work together, even to create a new currency to replace the U.S. dollar.

It wasn't clear how persuasive the 20-minute lecture was. One instructor asked Panarin whether his predictions more accurately describe Russia, which is undergoing its worst economic crisis in a decade as well as a demographic collapse that has led some scholars to predict the country's demise.

Panarin dismissed that idea: "The collapse of Russia will not occur."

A dreamland or reality only time will tell. But the balance has suddenly tilted in the favour of Mr. Igor’s discourses. On a personal level I see a 30% chance of its happening.

Meet Peter Orszag.

One of the key players in the Obama administration’s $900 billion economic stimulus package is Obama’s new budget director Peter R. Orszag. Orszag, 40, is the director of the Office of Management and Budget, the arm of the White House responsible for crafting the federal budget and overseeing the effectiveness of federal programs. He worked closely with Rahm Emanuel in the Clinton administration - when the disastrous NAFTA was passed - and was one of the first Obama appointees to be approved.

Oddly, Orszag’s background has received virtually no attention in the media. At this critical moment, however, it would be foolish to ignore the troubling background of Obama’s budget director, which deserves to be looked at very carefully. Orszag, for example, could start by explaining exactly what happened to the Icelandic economy. Orszag was, after all, the founder and president of the economic consultancy firm which advised the Central Bank of Iceland - before it went bankrupt. How did Icelandic banks become so indebted? Ask Peter Orszag.

Orszag is an economist who served six years in the Clinton administration (1993-8) under Robert E. Rubin, the former treasury secretary who recently resigned from his senior position at the woefully mismanaged and nearly bankrupt Citigroup. The fact that Orszag was a protege of the now disgraced Rubin certainly does not bode well for the Obama administration.

Rubin strongly opposed the regulation of derivatives when such regulation was proposed in 1997. Credit derivatives of mortgage-backed securities were the key reason for the recent failure of a number of large financial institutions, including AIG and Citigroup.

In 1999, Rubin joined Citigroup as a board member and a participant "in strategic managerial and operational matters of the Company.” The Wall Street Journal noted that Citigroup shareholders suffered losses of more than 70 percent since Rubin joined the firm and that he encouraged changes that led the firm to the brink of collapse. In December 2008, investors filed a lawsuit contending that Citigroup executives, including Rubin, sold shares at inflated prices while concealing the firm’s risks.

Orszag, a Jew, served on the president’s Council of Economic Advisers in 1993, under Rubin, when the Israeli Rahm Emanuel, Clinton’s senior adviser, was pushing the disastrous NAFTA legislation through Congress. Prior to joining the Clinton team Orszag was an economic adviser for the Russian Ministry of Finance in Moscow from 1992-93. This was a period of rampant financial criminality during which many Russian mineral assets came under the control of the so-called Jewish oligarchs who became instant billionaires. Most of these oligarchs fled Russia when their crimes were exposed and now live in Britain or Israel, where they obtained citizenship.

Born in Boston on December 16, 1968, Orszag graduated from Princeton University in 1991. He then attended the London School of Economics, where he earned a degree in 1992 and where he obtained his PhD in 1997. The London School of Economics was established by members of the Fabian Society, who believed in advancing socialism through gradual reforms.

The Fabian Society is a British socialist movement, whose purpose is to advance the principles of Social democracy via gradualist and reformist, rather than revolutionary means. The ideology of the Fabians is said to be described in the quote, "Fabianism feeds on Capitalism, but excretes Communism."

In 1998, after serving in the Clinton administration, Orszag co-founded an economic consulting group company with his brother and Joseph Stiglitz called Sebago Associates, where he served as president through 2007. The firm's clients have included the World Bank, the Nordic Council of Ministers, and most notably, the Central Bank of Iceland. The once prosperous economy of Iceland has been devastated by the current economic crisis, which its citizens say was carried out by a gang of financial criminals who followed disastrous policies and advice - provided by Peter Orszag and Company.

Gunmen attack Sri Lankan cricket team

Gunmen attacked a bus carrying the Sri Lankan national cricket team Tuesday morning as it approached Gaddafi Stadium in Lahore for a match against Pakistan, wounding six or seven players.

Local media reported that at least five security personnel were killed and several others were wounded

"This is a very well-planned attack," according to security official Nadeem Sayed, who said some of the players were in serious condition. "The team is very much scared."

At least twelve gunmen were involved in the attack on the bus. These gunmen were carrying automatic rifles, Kalashnikov Rifles and Grenade Launchers.

The players reported injured are Thilan Samaraweera, Kumar Sangakkara, Ajantha Mendis, Mahela Jayawardene, Tharanga Paranavithana and Chaminda Vaas. Vaas was reportedly carried off on a stretcher while Samaraweera was reportedly shot at.

Six policemen are reported dead. The van carrying the umpires was also attacked. Assistant coach Paul Farbrace has also been reportedly injured. The fourth umpire Ahsan Raza critically injured.

The Sri Lankan tour has been officially called off.

The Sri Lankan team has been air lifted from the Gaddafi Stadium of Lahore to the Allama Iqbal International airport from where they would leave Pakistan for Sri Lanka in the next available flight.

This incident will prove to be devastating for future sporting events to be helf in Pakistan. ICC CEO Mr. Haroon has called in an emegency meeting wherein they would decide about the future of the 2011 cricket world cup which was supposed to be held in the Indian Subcontinent.

Guinea-Bissau's president, army chief killed.

Soldiers killed Guinea-Bissau's President Joao Bernado "Nino" Vieira on Monday in an apparent revenge attack for the slaying of the army chief of the unstable West African country.

Small arms fire and heavy weapons resounded in Bissau city in the early hours, subsiding at first light. Most residents stayed at home as it was unclear who was in control of a nation that has become a key transit point for drug smuggling.

Startling Facts.

When presented with stupefying numbers, it’s sometimes fun, and usually cathartic, to boil them down into more tangible figures, give them household values and nod our heads in wonder. Turns out, AIG lost $61.7 billion, but what’s another $1.7 billion when taxpayers are working up a $1 trillion borrowing spree?

AIG's loss per day in the fourth quarter was $670.2 million. That’s a $27.9 million hourly loss. Divide again and again and you get $465,000 per minute and $7,750 a second. Though not really a GAAP measurement, assume for a moment that at rest a standard human breath takes about two seconds. So AIG’s quarterly loss was about $15,000 per life-giving gulp of air.

The heart of a Ruby-throated Hummingbird, the most common species of Hummingbird in the eastern half of North America, beats 250 times per minute at rest, so that’d be $1,860 per Hummingbird heartbeat of quarterly losses for AIG. When it's feeding, the hummingbird's heart beat races up towards 1,200 or more beats per second, deflating the value of each itty bitty beat down to around $274.

The $30.9 billion net loss GM reported for all of 2008 comes out to $84.7 million per day, or 1,085 top-end Hybrid Cadillac Escalades at today’s low price of $77,000. It would have paid to be green, though, because the loss would only have bought 21.2 million gallons of gasoline at the $4 per gallon, or about 5.6 percent of what American's consume in a day.

And one more for the record books, the 1.87 billion shares of Citigroup traded on the NYSE on Friday, a day when the stock fell 39 percent, appears to have set a new record for number of shares traded on a single stock in one day, beating out WorldCom’s 1.51 billion on a bleak day for that long-gone company back in 2002.

AIG Posts Biggest Quaterly Loss in Corporate History.

American International Group Inc posted a $61.7 billion fourth-quarter loss -- the biggest quarterly loss in corporate history -- after reaching a revised rescue deal with the U.S. government that wards off for now the prospect of crippling credit rating downgrades.

The massive quarterly loss, equal to $22.95 a share, was AIG's fifth in a row, bringing the total loss over that period to more than $100 billion.

The U.S. Treasury and Federal Reserve said AIG had posed a systemic risk requiring government action to prevent its problems from damaging the entire financial system.

AIG, the recipient of $150 billion in taxpayer aid last year, will get access to an additional $30 billion under the government's revised plan announced on Monday.

It also got more lenient terms on existing financing and will be able to significantly pay down an outstanding credit facility in a swap that will give the government a preferred-share stake in two life insurance businesses.

AIG also announced plans to spin off part of its property-casualty business, to be renamed AIU Holdings.

The revamped rescue package is the third since last fall when the government stepped in to bail out AIG, once the world's biggest insurer by market value.

The Treasury and the Fed said that AIG, which has counterparties around the globe, was so important to the U.S. economy and financial system that it had to be helped, and they held out the possibility more aid might be needed.

We Live Amidst Aliens!!

Alien worlds may exist billions of light years away or at the bottom of your coffee cup. The latest chemical and biological research suggests that extraterrestrial life may exist all around us or even inside human bodies.

Biologists found out long ago that many microorganisms, including bacteria, can survive in the hostile space environment.

University of Arizona researchers suggest that alien microorganisms travelling inside asteroids were able to withstand freezing space temperatures and searing heat during re-entry, eventually settling on the terrestrial surface. Moreover, it appears that such microorganisms are arriving all the time.

Biochemists say alien life forms could appear on Earth as a result of several evolutionary processes, and that they either dwell among us or even inside human bodies.

Scientists have started doubting the theory of evolutionary development as the primary means for creating life on this planet. New data on space microorganisms can revolutionize our understanding of the origin of life.

The extraterrestrial life concept and the theory that life on Earth may have originated in outer space would receive additional backing if scientists manage to prove that terrestrial life had gone through several evolutionary cycles.

In that case, it would be appropriate to inquire about alien life forms' hideouts, and why they have not been sighted to date.

But the point is that they are not hiding from anyone. Scientists speculate that, owing to their unusual biochemical processes, alien microorganisms can thrive in acid lakes or near volcanic fissures and cracks on the seabed. They have not been discovered yet because current biochemical methods can only detect known forms of life.

It appears that alien microorganisms ten times smaller than terrestrial bacteria may be responsible for various human diseases that still go untreated. For instance, they may cause kidney stones. However, scientists must find a way to detect these life forms, which cannot be seen with the naked eye.

Italian chemists from the University of Turin have made a sensational conclusion that numerous amino acids were probably brought to Earth from outer space and became one of the main building blocks of life.

Quantum-chemical calculations showed that amino acids originating inside gas-dust clouds deep in space could have been captured by interstellar dust and reached Earth where primary conditions for the creation of life had already existed.

Mexican scientists working in this field have confirmed the findings of their Italian colleagues. They say amino acids are not destroyed in interstellar space, and that some of these extraterrestrial compounds might have reached Earth.

It turns out that, apart from organizing highly expensive and dangerous space missions in the quest for extraterrestrial life, humankind must also focus on its home planet.

Although no traces of extraterrestrials may be found here, life might have existed on Earth long ago but had disappeared for some inexplicable reason.

Unique traces inside geological layers would enable scientists to track down alien life forms. If such microorganisms had a different metabolism, they could have influenced the chemistry of rocks or could have created mineral deposits in a way that known living organisms cannot.

This makes it imperative to explore Earth, primarily its remote areas and those with adverse living conditions, in search for new exotic life forms. It is common knowledge that 17 animal species, including previously unknown ones, become extinct every 60 minutes.

If the extraterrestrial microorganism theory is proved, it will become obvious that this planet and space have always been interlinked.