Warning – Situation Update #3

There is some good news and then not so good news.  First, the good news.  Sunspot #1302 has quieted down again.  There has been some minor geomagnetic storming and one 1.7 X flare, but otherwise the surface remains quiet.  The concern remains high, though, because #1302 is still a very big sunspot and it is now directly facing earth.

The not so good news is that the quake swarming on the Canary Island of El Hierro continues and evacuations have begun.  This is not good folks.

Santa Cruz de Tenerife, Spain – More than 300 people have been evacuated from their homes on the Spanish Canary Island of El Hierro because of recurrent earthquakes, local officials said Wednesday.

El Hierro on the youngest island in the Canaries, which are offshore from Spain, and now scientists are concerned that the long dormant volcano will soon erupt.

El Hierro has been rocked by 8 thousand earthquakes since July 19, caused by magma pressing towards the Earth’s surface, also raising concerns about a volcanic eruption on the island that has one large volcano and about 250 craters.

Some 50,000 to 130,000 years ago a volcano in the Canaries collapsed into the Atlantic Ocean and created a tsunami 300 feet high that raced across the sea in all directions including the east coast of North America.  Can you imagine a wall of water 30 stories high slamming into New York, or Washington D.C. or Florida.  The loss of life would be monumental.

The island’s most important road tunnel was also closed, and hundreds of school children stayed home.  The vast majority of the quakes have been too weak to be noticed by residents, but they have been increasing in frequency and intensity.  More than 100 tremors were registered on Tuesday, with the strongest of magnitude 3.8. Dozens more quakes followed Wednesday.

El Hierro has not erupted since 1793. If an eruption does occur, it would not be necessary to evacuate all of the island’s 10,000 residents, the daily El Pais quoted Canaries security chief Juan Manuel Santana as saying.

Security officials were working on several possible evacuation scenarios, one of which foresees the evacuation of 4,000 people within four hours.  Meetings were being held all over the island to inform residents about how to proceed in case of an eruption.

We will continue to closely monitor this developing situation.

Advertisements

Warning – Situation Update #2

As we continue to monitor the activity associated with sunspot #1302, the situation seems to be escalating somewhat.  #1302 has expanded in size and complexity and has produced another M7 class flare with an associated massive CME that did brush the earth with a significant “bump”.  #1302 is now more “earth directed” which is not good news.

NOAA has privately notified power suppliers to do what they can to protect their assets, which may include doing a “voluntary shutdown” if necessary.  NOAA’s Space Weather Center issued this warning yesterday.

SPACE WEATHER ADVISORY BULLETIN #11- 4
2011 September 26 at 03:00 p.m. MDT (2011 September 26 2100 UTC)

**** EARLY AUTUMN GEOMAGNETIC STORM ****

A Coronal Mass Ejection (CME) that erupted from NOAA Active Region 1302 on Saturday September 24 in conjunction with an M7 strength solar flare, arrived this morning at 1237 UT (8:37am Eastern Time). It has kicked off moderate (G2) geomagnetic storms for low latitudes, but high latitudes are seeing severe (G4) levels of activity. Aurora watchers in Asia and Europe are most favorably positioned for this event, though it may persist long enough for viewers in North America. The bulk of the CME missed the Earth, meaning the storm intensity and duration are less than what they would have been in the case of a direct hit. Region 1302 remains capable of producing more activity and will be in a favorable position for that activity to have impacts on Earth for the next 3-5 days.

In addition to the concern over mass power outages related to an incoming CME, we stated that our concern was related to the geomagnetic pressure precipitating large earthquakes as was the case in Japan.  Our specific concern was the Canary Islands because of the potential for a large landslide into the Atlantic creating a potential 25 meter tsunami hitting the Eastern Seaboard.  We have to now elevate that concern given the fact there have been a massive increase of small “swarming quakes” that have started in the Canary Islands on the 27th.  53 quakes in 24 hours, and right where we DON”T want to see them.  The chart below shows an example of the magnitude and frequency they are “firing off”.

In addition, these “swarms” are located in the worst position.  The following Google map shows the location of the quakes.  The “Line” I drew on the map outlines the over 10.4 mile mountain front that is unstable and could slide into the ocean.

 

Therefore based on these actual events, we keep the warning in effect, and if anything, the warning concern is elevated from the previous update.  More as it develops and we still have power.

Warning-Situation Update #1

As we pointed out in our last post, we are very concerned about a major Coronal Mass Ejection (CME) from the solar sunspot 1302.  It seems it has started in earnest.  GEOMAGNETIC STORM: A strong-to-severe geomagnetic storm is in progress following the impact of a coronal mass ejection (CME) at approximately 12:15 UT on Sept. 26th. The Goddard Space Weather Lab reports a “strong compression of Earth’s magnetosphere. The source of this report is SpaceWeather.

Additional we have reports from Norway of Severe changes in ground current.  This current geo-magnetic storm is the strongest we have seen to date.  HAARP is also currently recording the strongest impacts we have seen in over three years of following it in our center.

The Japanese magnetic simulation site is recording the greatest impact we have witnessed.

Current real time impacts appear to be localized power outages being reported in Santiago Chile, San Diego California, and Seattle Washington.  We believe more is to come.

One of the most serious issues we are monitoring is the potential for earthquakes in the Canary Islands.  There have already been swarms of small quakes recorded there.  The concern relates to the east facing side of the mountains there that could slide into the ocean.  It is estimated that nearly 15,000 KM3 of the mountain would slide into the ocean, creating a tsunami of 25 meters hitting the East Coast of the US, which would arrive nine hours later.  9 HOURS.  Please stay very alert.  Check those Bug-Out Bags one more time.

The Most Likely Explanation of What’s Up in Denver

On the 22nd of September I gave everyone the “heads-up” of what is happening in Denver and elsewhere.  The DEFCON1 exercise, the major FEMA Disaster Drill in Denver now on-going, the convergence of dignitaries arriving in Denver from the 25th of September, the facts related to the seemingly lack of PTB activity world-wide, and the strange activities in the various financial markets world-wide.

The question was and still is, what the heck do they know and why are they not telling “us” what the heck is going on?  The internet is abuzz with all kinds of theories, and certainly the “disinformation” machine is also running full bore, so “something” is up for sure, but what exactly?

Our monitoring center has been operating 24 hours per day since we first noted all of this strange activity around 19 September.  At this point we feel it is prudent for us to go out on a limb and issue an event warning.  Understand, we are NOT anything other than awake common folks who wish only to inform as many people as possible to events that may affect their lives and that such information is NOT available in MSM, either because of incompetence or because there are “official” gag orders under the auspices of “security” interests.

THE WARNING

We now believe that there is a greater than 50% chance we are about to experience a massive Coronal Mass Ejection for the sun that will at minimum disrupt electrical delivery systems world-wide in a major way.  This is expected to occur sometime between tomorrow (September 25th) and October 1st.  This may or may not be enhanced by the position of Comet Elenin during that period.

We believe that an X class flare greater than 3 can be expected during this period.  If such a flare was earth directed during that period, then there will be major disruption in communications and power delivery.  Power outages would be severe and of long duration, more than 4-6 weeks in some areas of the world.

Behemoth sunspot 1302 unleashed another strong flare on Saturday morning–an X1.9-category blast at 0940 UT. NASA’s Solar Dynamics Observatory recorded the extreme ultraviolet flash. Sunspot 1302 is just rotating into earth view and will expose the earth to more of these large flares for at least a week to 10 days, at a minimum.

NASA and others are “downplaying” the probabilities, but we have monitored the solar activity for nearly three years and we have NEVER seen anything like 1302.  It is a monster and very geo-magnetically complex.

A solar flare is an explosion on the Sun that happens when energy stored in twisted magnetic fields (usually above sunspots) is suddenly released. Flares produce a burst of radiation across the electromagnetic spectrum, from radio waves to x-rays and gamma-rays. [more information]

Scientists classify solar flares according to their x-ray brightness in the wavelength range 1 to 8 Angstroms. There are 3 categories: X-class flares are big; they are major events that can trigger planet-wide radio blackouts and long-lasting radiation storms. M-class flares are medium-sized; they can cause brief radio blackouts that affect Earth’s polar regions. Minor radiation storms sometimes follow an M-class flare. Compared to X- and M-class events, C-class flares are small with few noticeable consequences here on Earth.

Each of the dark cores in this snapshot of 1302 from the Solar Dynamics Observatory is larger than Earth, and the entire active region stretches more than 100,000 km from end to end. The sunspot’s magnetic field is crackling with sub-X-class flares that could grow into a larger eruption as the sunspot continues to turn toward Earth.

New sunspot 1302 has already produced two X-flares (X1.4 on Sept. 22nd and X1.9 on Sept. 24th), can another be far behind? NOAA forecasters put the 24-hour probability at 20%. The sheer size of the active region suggests the odds might be even higher than that.

Being forewarned is also being prepared.  We are recommending everyone be prepared to be able to survive being without power for more than 1 week.  Stock up on food and water.  One of our major concerns deals with the fact that if the power outages are massive, then within a few days, water may not be delivered to you by conventional means, so water availability is the critical issue.

A single EMP event may seriously degrade or shut down a large part of the electric power grid in the geographic area of EMP exposure effectively instantaneously. There is also a possibility of functional collapse of grids beyond the exposed area, as electrical effects propagate from one region to another.

The time required for full recovery of service would depend on both the disruption and damage to the electrical power infrastructure and to other national infrastructures. Larger affected areas and stronger EMP field strengths will prolong the time to recover. Some critical electrical power infrastructure components are no longer manufactured in the United States, and their acquisition ordinarily requires up to a year of lead time in routine circumstances. Damage to or loss of these components could leave significant parts of the electrical infrastructure out of service for periods measured in months to a year or more.

There is a point in time at which the shortage or exhaustion of sustaining backup systems, including emergency power supplies, batteries, standby fuel supplies, communications, and manpower resources that can be mobilized, coordinated, and dispatched, together lead to a continuing degradation of critical infrastructures for a prolonged period of time.

Electrical power is necessary to support other critical infrastructures, including supply and distribution of water, food, fuel, communications, transport, financial transactions, emergency services, government services, and all other infrastructures supporting the national economy and welfare. Should significant parts of the electrical power infrastructure be lost for any substantial period of time, the consequences are likely to be catastrophic, and many people may ultimately die for lack of the basic elements necessary to sustain life in dense urban and suburban communities.

As always, we hope we are very wrong about this, but the evidence is strong enough to issue this warning.  I am actually looking forward to being totally wrong about this, but there is enough evidence to issue this warning.  Good Luck to all and remember to take care of your neighbors and those who can’t help themselves.

The Week of September 25th…What is going on?

I have written several articles chronicling how markets and banks, politicians and PTB have been moving and acting in the world.  Recently, I warned that as the markets, and now even countries, are on the verge of collapse, that Red Flag Operations may be resorted to by the PTB.

A Red Flag Operation is an act or set of events that are orchestrated by the PTB to re-focus US to their desired focus point and NOT have our attention focused on what is really going on.  I am not a conspiracist, but must admit I have always had many questions about the assassination of JFK and MLK. I think a lot of sensible people would admit the same.

I think we all now know how Ole GW got us into Iraq and consequently Afghanistan under the guise of WMDs.  I would also venture to say that we all know instinctively that the good ole boys on Wall Street criminally raped us blind and continue to do so.

But all of these past events pale given what may be potentially unfolding.  There is a flurry of disinformation out there and most of it is focused on Comet Elenin, Planet X, End of Days, etc.  However, I believe, as I have warned my readers, “don’t believe your lying eyes.”

What I believe is more important are these facts:

The insiders have vanished.  Chief executives, board members, and the head honchos gone, everywhere. These are the people who know.  Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands.  No longer is that happening. They’ve disappeared, almost overnight.

“They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.” Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day.

Specifically I am talking about CEOS and Execs from these companies for example:

Sun Microsystems          Royal Bank of Scotland                 Bank Leumi of Israel
Lenovo                                Wellpoint                                            Ingersoll-Rand
Gasco                                   Syntel                                                   Motion Picture Television Fund
AgResearch                       Zain Telecom                                    Ethan Allen Institute
Uranium International Corp                                                     Argentina Central Bank
Hong Kong Exchanges & Clearing (CFO)

These are but a selection of over 200 “players” Biderman was referring to in his quote.  I selected these particular ones, not necessarily because they were the biggest, but they represent the universal nature of this sudden move.  The pervasiveness of who acted and how they all suddenly acted in the very same way is very strange and really cannot be explained as “normal market behavior.”

Even if there was insider information that a large market adjustment was coming, there would not be this universal and coordinated response.  However, rumors of a world-wide conflict “could” trigger just this response.  Historically, just prior to WWII and even Korea, similar financial moves were made.

It is true that during the week of September 25, Elenin will make its closest approach to earth. However, here is where it gets a bit interesting and beyond coincidence, President Obama leaves DC during this week to Denver.  FEMA and 101 Colorado agencies will have a major disaster drill in Denver on that week.  The US military will conduct Operation Cocked Pistol, a DEFCON1 exercise on 27 September in Denver!   Many NASA staff will arrive that week in Denver.  The CIA has announced moving 10,000 people to their new Denver offices.  There are multiple military trains loaded with tanks, personnel carriers, fuel trucks, etc., moving towards Denver as we speak.

The Senate and House of Reps will be out of DC during this week. They always take the month of August. This is the first time they are recessing again the next month.  The British Parlament leaves for recess for this week.   The main British royalty are nowhere to be found on these dates, no scheduled events.
The UN will be off during these dates.  The Russian Duma will be in recess during this week.  The pope will be off during this week.

These various events may be just one giant coincidence, but whew!  Those are a lot of facts coming together in a very strange way.  It seems everyone is getting the Hell outta of Dodge!

And let us not forget the bizarre cryptic words of President Obama during the 911 speech.
“Psalm 46 – 1 God is our refuge and strength, a very present help in trouble.
2 Therefore will not we fear, though the earth be removed,
and though the mountains be carried into the midst of the sea;
3 though the waters thereof roar and be troubled, though the mountains shake with the swelling thereof.”

I will let you all be the judge of this information, but at the risk of sounding like a fool, I think we should look at this closely.  In war there is one fact I know from personal experience, those with the least amount of knowledge are the first causalities of conflict.

 

Keepin’ Myself Honest

Beginning last June or so, I began focusing my blog on the economy, solar activity, natural disasters, and political instability on a global basis.  I tried to understand and focus current events to understand what the near future may hold for us all.  While I don’t try to make predictions, I do try to give people heads up on what I think is coming.I fully understand that there are thousands of sites, threads, and forums dedicated to these “ so-called” alternative news “outlets”.  However, I have no agenda or need for recognition nor any desire for monetary gain, just a desire to share my knowledge and experience, along with my daily efforts to monitor the WORLD events around us.However, such efforts must be evaluated by the facts to insure we are “seeing” the real important issues, and NOT the     and disinformation.  So how did we do?

Thanks to a wonderful article in Homeland Survival I will let you be the judge by evaluating what is considered 32 most important events of the year so far.

January:

New Year’s Eve, 2010 more than 5,000 dead red-winged blackbirds and starlings were found in Beebe, Arkansas.

3rd-5th) 100 tons of dead fish washed ashore the Brazilian coast, near the port of Paranagua. 2 million fish died in Chesapeake Bay, Maryland, thousands of dead turtle doves were found in Faenza, Italy.

Egypt, the most populous country in the Arab world, erupted in mass protests.

10th) At least 8 people are dead and over 70 missing after massive flooding ravages Brisbane, Australia.

Feburary:

14th) Unrest in Middle East Spreads to Bahrain

14th) Sun Erupts With Most Powerful Solar Flare in Four Years

22nd) A 6.3-magnitude earthquake hits Christchurch, New Zealand, killing at least 75 people.

March:

19th) No-Fly Zone is Imposed in Libya

11th) Massive 9.0 Magnitude Earthquake and Tsunami Devastate Japan

April:

1st) Possible Shutdown of Federal Government Goes Down-to-the-Wire

27th) Series of Tornadoes Devastate Southern States. In one of the worst U.S. tornado seasons, 137 reported tornadoes sweep through the south, killing nearly 300 people in six states.

May:

5th) Floods Force Evacuations along the Ohio and Mississippi Rivers

22nd) One of the Deadliest Tornados in U.S. History Hits Joplin, Mo.

June:

1st) Tornados Continue to Strike in the U.S. For the first time in three years, seven tornadoes touch down in Massachusetts.

3rd) Unemployment Rises as Job Growth Slows

5th) Toxic E. Coli Outbreak Linked to German Sprouts

6th) Flooding in Iowa Forces Hundreds to Flee

11th) Wildfires Rage Through East Arizona. Two fires in Arizona merge into one runaway 600-square-mile blaze becoming the largest fire in Arizona’s history.

July:

1st) Minnesota Government Shuts Down

1st) New Mexico Wildfire Rages On

22nd) Two Related Terrorist Attacks Shock Norway

August:

1st) Last Minute Deal Reached to End Debt Crisis

5th) Standard & Poor’s Lowers the U.S. Credit Rating

6th) Violent Riots Spread Throughout Britain

8th) Stocks Nosedive After U.S. Credit Rating Is Lowered

8th) Mystery orange goo invades Alaska village

11th) East Africa Hit with Worst Drought in 60 Years

Heat wave in Texas grips state with 100 degree temperatures for over a month

23rd)  5.8 Virginia earthquake shakes east coast

26th) Hurricane Irene hits the east coast, millions lose power.

September:

Texas Wildfires destroy 1554 homes

8th) Power outage leaves 1.5 million in the dark in California, Arizona and Mexico

*9th) Four Major Solar CMEs and X-Ray events with more predicted in the next four to six days.

*11th) President Obama gives an almost cryptic warning in his 9/11 address.  Everyone should re-listen to that address in context to what you just reviewed.  * added by this editor since article was published.

Natural disasters, unexplained events, historic drought and flooding, economic uncertainty, civil unrest, and terrorism are the things we may face at anytime. You may not have been directly affected by the events listed here but events around the world can quickly change our daily life. We don’t know what tomorrow will bring but as we have seen so far this year, it might be a good idea to be prepared for whatever tomorrow brings.

Given the predictions for the increase in solar activity and the almost certain collapse of the EU within the next month I would hope we are ready.  On the financial side, I hope you are all sitting on the sidelines with your popcorn watching the show.  The markets are no place for arm chair investors right now.  Hell, it’s no place for pros either right now.

On the survival side, simply think what you need to do if you have no power for say 2 weeks and prepare for that contingency.  I think we have more than a 60% chance of that happening in the next thirty days.

However, even more important than all these things, I think you should not believe your lyin’ eyes as you watch the news for the next 30 days.  As political and financial system begin this final collapse phase of business as usual, in the PTB circles, things are beginning to be a bit frantic.  Just remember desperate people do desperate things.

Ultimately though, take care of each other.  We all act as one in face of challenges and disasters.  This must now, unfortunately, become daily habit.  We are all really in this together.  Live peacefully in love and compassion.  It really is the most important contribution you can make to getting things “right”.

What Goes Up….! Where is the Down?

A lot of people lament the lack of upward mobility in the U.S. right now and I share those sentiments. However, equally important is downward mobility. What makes the concept of America unique is not merely the concept that the poor can become rich but that the rich can become poor. It is this second part that is the most dangerous to social cohesion when it disappears. Unfortunately, the system that we have today of an unholy alliance between Wall Street, Washington D.C. and the multi-national corporations (including the military industrial complex of course) stands there holding onto all the levers of power to serve as gatekeepers of their own empires.

Consider this when we think about how the game is “rigged” right now.  From Matthew Cardinale of the
Inter Press Service on  28 Aug 2011.

Atlanta, Georga: The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.   “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” U.S. Senator Bernie Sanders, an Independent from Vermont, said in a statement.   The majority of loans were issues by the Federal Reserve Bank of New York (FRBNY).

“From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars… in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system,” the audit report states.  “The scale and nature of this assistance amounted to an unprecedented expansion of the Federal Reserve System’s traditional role as lender-of-last-resort to depository institutions,” according to the report.   The report notes that all the short-term, emergency loans were repaid, or are expected to be repaid.

The emergency loans included eight broad-based programs, and also provided assistance for certain individual financial institutions. The Fed provided loans to JP Morgan Chase bank to acquire Bear Stearns, a failed investment firm; provided loans to keep American International Group (AIG), a multinational insurance corporation, afloat; extended lending commitments to Bank of America and Citigroup; and purchased risky mortgage-backed securities to get them off private banks’ books.

Overall, the greatest borrowing was done by a small number of institutions. Over the three years, Citigroup borrowed a total of 2.5 trillion dollars, Morgan Stanley borrowed two trillion; Merryll Lynch, which was acquired by Bank of America, borrowed 1.9 trillion; and Bank of America borrowed 1.3 trillion.  Banks based in counties other than the U.S. also received money from the Fed, including Barclays of the United Kingdom, the Royal Bank of Scotland Group (UK), Deutsche Bank (Germany), UBS (Switzerland), Credit Suisse Group (Switzerland), Bank of Scotland (UK), BNP Paribas (France), Dexia (Belgium), Dresdner Bank (Germany), and Societe General (France).

“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the President,” Sanders wrote.   In recent days, Bloomberg News obtained 29,346 pages of documentation from the Federal Reserve about some of these secret loans, after months of fighting in court for access to the records under the Freedom of Information Act.  Some of the financial institutions secretly receiving loans were meanwhile claiming in their public reports to have ample cash reserves, Bloomberg noted.   The Federal Reserve has neither explained how they legally justified several of the emergency loans, nor how they decided to provide assistance to certain firms but not others.

“The main problem is the lack of Congressional oversight, and the way the Fed seemed to pick winners who would be protected at any cost,” Randall Wray, professor of economics at University of Missouri- Kansas City, told IPS.   “If such lending is not illegal, it should be. Our nation really did go through a liquidity crisis – a run on the short-term liabilities of financial institutions. There is only one way to stop a run: lend reserves without limit to all qualifying institutions. The Fed bumbled around before it finally sort of did that,” Wray said.

“But then it turned to phase two, which was to try to resolve problems of insolvency by increasing Uncle Sam’s stake in the banksters’ fiasco. That never should have been done. You close down fraudsters, period. The Fed and FDIC (Federal Deposit Insurance Commission) should have gone into the biggest banks immediately, replaced all top management, and should have started to resolve them,” Wray said.

For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what we’ve suspected all along, is apparently true. The team has uploaded their results onto the preprint server arXiv.

Using data obtained (circa 2007) from the Orbis database (a global database containing financial information on public and private companies) the team, in what is being heralded as the first of its kind, analyzed data from over 43,000 corporations, looking at both upstream and downstream connections between them all and found that when graphed, the data represented a bowtie of sorts, with the knot, or core representing just 147 entities who control nearly 40 percent of all of monetary value of transnational corporations (TNCs).

When we look to the East and watch our Arab brothers struggle against tyranny, I don’t think we connect their struggle to us.  However, I assure you that the roots of that struggle was economic slavery, not unlike we, both in the US and the EU, are rapidly marching (or is it being herded?) toward at this very minute.

As we awaken to these facts, it is apparent that the PTB, who wish to continue their “project”, are having more and more of a difficult time unfolding “their solutions” to our problems.  You know “solutions’ like raiding retirement and pension funds, eliminating worker’s unions, ending any “social programs” of any kind.

Probably the most important news story of September 7th won’t be reported by International MSM.  No, it won’t be Obama’s speech on Jobs, nor will it be the outcome of the first games in the NFL.  It will be this.

Seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions.  German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe’s revamped rescue machinery, threatening a constitutional crisis in Germany and a fresh eruption of the euro debt saga.

Mrs. Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.   If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.  German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

Christian Wulff, Germany’s president, stunned the country last week by accusing the European Central Bank of going “far beyond its mandate” with mass purchases of Spanish and Italian debt, and warning that the Europe’s headlong rush towards fiscal union strikes at the “very core” of democracy. “Decisions have to be made in parliament in a liberal democracy. That is where legitimacy lies,” he said.

A day earlier the Bundesbank had fired its own volley, condemning the ECB’s bond purchases and warning the EU is drifting towards debt union without “democratic legitimacy” or treaty backing.  Joahannes Singhammer, leader of the CSU’s Bundestag group, accused the ECB of acting “dangerously” by jumping the gun before parliaments had voted. The ECB is implicitly acting on behalf of the rescue fund until it is ratified.

Mrs. Merkel faces mutiny even within her own Christian Democrat (CDU) family. Wolfgang Bossbach, the spokesman for internal affairs, said he would oppose the package. “I can’t vote against my own conviction,” he said.   The Bundestag is expected to decide late next month on the package, which empowers the EFSF to buy bonds pre-emptively and recapitalize banks. While the bill is likely to pass, the furious debate leaves no doubt that Germany will resist moves to boost the EFSF’s firepower yet further. Most City banks say the fund needs €2 trillion to stop the crisis engulfing Spain and Italy.   Mrs. Merkel’s aides say she is facing “war on every front”. The next month will decide her future, Germany’s destiny, and the fate of monetary union.

I make all these points because we must think clearly and precisely now.  No politics, nor economic religion, just fix this now, and we can.  We start by taking some people DOWN.  Start to put some balance back into the equation.  I think the audit of the FED would be an excellent place to start that quest.

Secondly, we must be informed voters and place candidates that understand clearly the goals of restoring balance into our global economy through prudent but thorough regulatory changes.  That must, by its nature, start with the political process elements of our societies.   I cannot think of anything more important to you on a personal basis than this.