We have posted several Warning/Situation Updates and we will continue to do so as information dictates. The solar surface has been relatively quiet, although a still large un-numbered solar sunspot is just beginning to rotate into view and the earth facing sun surface has #1305 and #1313 still earth facing and could still be the sources of a large CME.
In addition, the Canary Islands El Heirro volcano still bears watching. Swarms of earthquakes are continuing sporadically and have increased in intensity and the depth of the quakes is more shallow, both of those facts RAISES concern. Below is the latest press release from Spanish officials.
“October 8, 2011 – CANARY ISLANDS – An intensified sustained earthquake swarm is now taking place at the Canary Islands and it appears the magma is now on the move again bubbling closer to the surface and incinerating more rock in the process. Over the last 24 hours, we’ve seen the depths of the tremors rising up to within 11 km from a depth average of about 14.5 to 15 km. The number of seismic volcanic tremors has also doubled at El Hierro since Wednesday. On Wednesday, October 5, there were 79 recorded seismic events. On Thursday, there were 160 and on Friday, October 7th, there were 177.”
Our concern over this situation is the potential for a large land mass sliding into the ocean creating a mega-tsunami directed at the East Coast of the US and South America. The focus of this concern is that IF a tsunami were to occur, the East Coast of the Americas would have only 8-9 hours to take any preventive measures. IF the tsunami were to occur at say midnight EDT, then most of the residents in the danger zone would be asleep, not have any communication devices on during the valuable time they would need to get to safety.
If you live in the areas of potential danger, and until this situation stabilizes, you should think about getting the information you would need in a timely fashion. This concern is amplified by the fact that the USGS service is not even REPORTING anything on this situation. We are recommending taking these actions:
1). You can monitor that activity at The European-Mediterranean Seismological Center . Do so at least twice a day.
2). As with an emergency plan, make sure you have a way to communicate with each other 24 hours a day. So as some of you sleep, others are awake and monitoring the situation. We can’t emphasize enough that in this particular situation, every minute will be precious.
3). Be sure about your evacuation plan. Again, those with the information first will be the ones who will most likely be successful in escaping and will not be the ones stuck in grid-lock. I think you could imagine that the roads will become impassable very quickly when every coastal citizen is trying to go west and to high ground.
However, as we monitor natural dangers, we also monitor financial and political situations as well. Given the current situation in the EU concerning Greece, Italy, Ireland, Spain, and Portugal, and the lack of action and political grid-lock in Germany, France, and to a lesser degree the UK, the collapse of the EU could occur within the next two weeks. Based on information provided us privately, it is no longer a question of IF, only WHEN, and those in the know say it could be this week coming up (October 10-17th).
Some would say, OK, why would this be any different than the 2008 financial event in the US? Well, consider that the EU CANNOT “bail-out” countries like we bailed out banks. In addition, the bastard child in the room is the world’s derivatives market. If the EU goes down, investors would only be holding all those credit swaps, etc. which would all be exercised at once. This is the monster. It is a $500 Trillion monster! To put this insanity into perspective, that is almost 10 tens the world’s GDP as estimated by the World Bank for 2010, which was just a little north of $63 Trillion!
This, simply stated, ends the world economy as we know it, and it would all unravel within a matter of 7-10 days. Markets and banks close immediately, riots ensue within 48 hours and chaos is real for EVERYONE. We are now elevating our watch of this situation. Anything that would even trigger rumors at this point could tip the bus over the cliff. While we have been writing about this since we began, we now see real events beginning to form that toxic situation that could trigger this financial tsunami and soon.
One of the major concerns are the threats being issued by the so-called “Anonymous”, the group believed responsible for kicking off the Occupy Wall Street (OWS) movement. They have specifically threatened to “attack” the global electronic banking system during this period. If the markets were forced to close because of such attack, it could be the “gunshot” that panics the herd into a stampede to “preserve” what is left in value in the market.
We know that these situations all together seem a bit overwhelming. It makes us step back and want to just go fishing. However, the reality is we will survive all of this and more! We simply want everyone to be awake and alert. It is the LERTS that will survive and we want everyone to survive. Too many of us have already paid the ultimate sacrifice as a result of the events unfolding. Each loss is a loss to each and every one of us. Whether it was a soldier or civilian killed in the various wars, or the death of a protestor in Yemen, or the retired “investor” who took their own life because they lost everything, they ARE US. Knowledge gives us the ability to remain calm, confident, and most importantly the ability to endure and continue.