Category: Global Economy
Permanent link to this article: http://discerningthetimes.me/?p=9513
Major news has been taking place in the oil and gas industry as Azerbaijan has been working with Turkey and her NATO allies to build what is the most comprehensive, interconnected series of pipelines yet constructed going from the oil sands of Baku and the Turanian Basin to Europe. These lines pose a direct threat to Russia not merely in her status as a veritable monopoly gas supplier to Europe, but that they represent a US-German plan to cut Russia off from her own backyard gas supplies with the anticipation of a major conflict in the future. The race to build the railways and pipelines by NATO and the race for Russia to build her own pipelines and stop their moves is the direct preparatory work leading up to a third major global European conflict.
Turkey recently announced two major oil projects, the first being the opening of the TurkStream pipeline from Ukraine under the Black Sea to Turkey, and the Trans-Anatolian Pipeline, called TANAP, going from Azerbaijan to Greece, then crossing under the Adriatic Sea to Naples before heading into Central Europe:
Israel also announced her own pipeline from the Golan Heights that connects with TANAP on the Greek-Albanian border, a project which is being directed by a company directly tied to the CIA and major international banking families:
If one looks at a map of TANAP, one sees a grey dotted line for something called the Nabucco Pipeline, which was a proposed line from Turkey through Bulgaria, Romania, Hungary, and into Austria but the project was aborted in 2013:
The Nabucco Pipeline may be a past project, but the principle of running a pipeline on the same route is still alive, as evidenced by a recent meeting between Azerbaijan and Hungary in which they are proposing to build another pipeline on the same route, except this time called the “Southern Gas Corridor”:
Southern Gas Corridor project (SGC), which envisages transportation of Azerbaijani gas to Europe, is important for Hungary in terms of diversification, Hungarian Ambassador to Azerbaijan Viktor Szederkenyi told Trend.
“For Hungary energy security is a priority. So we actively seek opportunities for diversification of the energy flow, especially natural gas imports. Azerbaijani gas is a real alternative and as such it will be in our focus when looking at diversification options. The Southern Gas Corridor is important for us to diversify the sources and directions as well, so we examine this project as a good option,” said the envoy.
Szederkenyi said Hungary appreciates the role of Azerbaijan which initiated this big project and will supply it with gas.
“One of the tasks now is linking Hungary to the Southern Gas Corridor through interconnectors between the countries in our region. Through the TAP and TANAP projects Azerbaijani gas will be commercially available on the European markets – this is great news,” said the Hungarian diplomat.
He went on to add that SGC has a strategic relevance.
“Not only Hungary but also all countries of Europe, interested in diversification of their sources of supply, value this. The SGC will allow Europe to diversify natural gas sources and transport routes and it changes the energy balance in South-Eastern Europe. This strengthens the openness of the European energy market and the actual competitive position,” noted Szederkenyi.
The diplomat said it is also important that the Southern Gas Corridor can be extended by new users and source countries in the future.
“In addition, the success of SGC can be used in cooperation in other areas, such as alternative energy, environmental issues and so on,” he said.
Southern Gas Corridor envisages transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.
On May 29, Baku hosted the launch ceremony of the first phase of the Southern Gas Corridor project.
The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor – from the Sangachal terminal to the expanded South Caucasus Pipeline.
The Southern Gas Corridor project aims to increase and diversify European energy supply by bringing gas resources from the Caspian Sea to markets in Europe. The Southern Gas Corridor comprises the following four projects: (i) operation of Shah Deniz natural gas-condensate field (“SD1” project) and its full-field development (“SD2′” project), (ii) the operation of the South Caucasus Pipeline (“SCP” project) and its expansion (“SCPX” project), (iii) the construction of the Trans-Anatolian Natural Gas Pipeline (“TANAP” project) and (iv) the construction of the Trans Adriatic Pipeline (“TAP” project) (SD2, SCPX, TANAP and TAP collectively, the “Projects”).
The Projects have an estimated investment cost of approximately $40 billion.
Upon completion, the SD2 project will add a further 16 bcm of natural gas per annum to 10.9 bcma (maximum production capacity) already produced under SD1 project.
Notice that in both photos of the TANAP pipelines, at no point do any of those lines cross into Serbia even though she is one of the neighboring countries. The reason for this is that while Serbia is comparatively very weak, and outside of economic or other geographical considerations, she has been and still technically is an ally of Russia and her strongest ally in the Balkans.
The reason why Hungary wants this pipeline is for more than “security,” because Hungary is a historical ally of both Germany and Turkey and has been for centuries. Turanian nationalism is strong in Hungary because the Hungarian people descent from the Huns, and while Europeanized originally came from Altaic plains. It is why their language is only one of three in Europe that is of Turkic origins (the other two being Estonian and Finnish, as both peoples are also considered Turkic) outside of the Turkish language itself.
Hungarian President Viktor Orban made himself an international star for his comments against “migrants” and in favor of nationalism, but Orban’s education was also directly funded by George Soros’ Soros Foundation, and he was tutored by Soros fellow Zbignew Pelczynski. Orban will speak against one person or initiative in public, yet in private he will go and support them as a close ally.
Orban has spoken out against Turkey and for “Christian Europe” many times, yet here Orban’s government is shown worked with Azerbaijan, which means by extension he is also talking with Turkey, and Turkey and Azerbaijan are close allies and Azerbaijan’s ability to transport said oil depends on Turkey’s cooperation, about extending the Turkish oil pipeline into his own nation. Such an action will not support “Christian Europe,” but if anything will drive the Turco-Teutonic war machine to wage war against Russia and Christianity in the name of the same racist, pagan nationalism that put Jesus to death at Calvary.
In the future, Hungary should not be looked at as an “ally,” but as a nation who, out of the same nationalistic impulses and guided by her past friendships, will stand with pagans and Muslims to help persecute Christians.
Permanent link to this article: http://discerningthetimes.me/?p=9503
Historic agreement reached to lay gas pipeline connecting Israel and Europe.
Arutz Sheva Staff, 25/11/18 03:39
An agreement has been reached to lay a gas pipeline connecting Israel and European countries, Hadashot TV reported on Saturday night.
The agreement has been signed by Israel, Greece, Italy and Cyprus, with the backing of the European Union, according to the report.
The pipeline would be the world’s longest and deepest underground gas pipeline, 2,000 kilometers long and 3.5 kilometers deep, and will connect these four countries and allow Israel to export gas to the Balkans and Central Europe.
Hadashot TV reported that the EU agreed to invest $100 million in a feasibility study before the agreement was reached. Now, after two years of intensive contacts, the parties have reached an agreement that will be submitted this week for consideration by the member states. It is estimated that work on the gas pipeline will begin within a few months.
Within five years, the gas is supposed to flow through the pipeline and bring huge sums of money into Israel. Among the significant clauses in the agreement is priority for Israel and Cyprus in exporting gas to the European market, which is considered the largest and most significant market in which gas prices are double than what they are in Israel.
Permanent link to this article: http://discerningthetimes.me/?p=9486
President Trump says he rejected a meeting with Canadian Prime Minister Justin Trudeau; insight from White House trade adviser Peter Navarro.
The United States and Canada confirmed Sunday they had reached a deal on a “new, modernized trade agreement,” which is designed to replace the 1994 NAFTA pact.
In a joint statement the two nations said the new deal would be called the United States-Mexico-Canada Agreement (USMCA).
Canadian Prime Minister Justin Trudeau said following a cabinet meeting, “It’s a good day for Canada.”
Trudeau plans to address the media on the deal on Monday.
President Trump tweeted about the deal on Monday morning, calling it a “great deal for all three countries” and that it will open markets to farmers and manufacturers.
“Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico,” Trump tweeted. “The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduce Trade Barriers to the U.S. and will bring all three Great Nations closer together in competition with the rest of the world. The USMCA is a historic transaction!”
The agreements reportedly boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs.
Trump’s administration has said Canada must sign on to the text of the updated NAFTA by a midnight Sunday deadline or face exclusion from the pact. Washington has already reached a bilateral deal with Mexico, the third NAFTA member.
If Canada did not sign a new deal, Trump had threatened to impose steep tariffs on all automotive imports.
In late August, the U.S. and Mexico negotiated a new pact to replace NAFTA, snubbing Canada in the process. President Trump has also repeatedly suggested that he might leave Canada out of the new agreement — which would be called the “United States-Mexico Trade Agreement.”
Trump blames NAFTA for the loss of American manufacturing jobs and wants major changes to the pact, which underpins $1.2 trillion in annual trade. Markets fear its demise would cause major economic disruption.
Negotiators from both sides spent two days talking by phone as they tried to settle a range of difficult issues such as access to Canada’s dairy market and U.S. tariffs.
As part of any agreement, Canada looks set to offer increased access to its highly protected dairy market, as it did in separate pacts with the European Union and Pacific nations.
Officials have blown through several deadlines since the talks started in August 2017.
Permanent link to this article: http://discerningthetimes.me/?p=9399
Erdogan announced Turkey was preparing to conduct trade through national currencies with China, Russia and Ukraine as ties with the U.S. continue to crumble
Aug 13, 2018 2:11 PM
The Kremlin said on Monday that Russia favored bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work before being implemented.
On Saturday, Turkish President Tayyip Erdogan announced that Turkey was preparing to conduct trade through national currencies with China, Russia and Ukraine.
The Turkish lira sank to a fresh record low of 7.24 to the dollar in early Asia Pacific trade Monday, as investors continue to worry over the state of the economy and deteriorating ties with the United States amid a diplomatic row over a jailed American pastor.
Asked about Erdogan’s proposal, Kremlin spokesman Dmitry Peskov said Russia had been pushing for such an arrangement with all countries. He said the issue had been raised on more than one occasion during bilateral talks between Turkey and Russia.
Erdogan said on Monday he expected attacks on Turkey’s economy to continue but predicted the lira would return to “rational levels” soon, after the Turkish currency hit a record low of more than 7 to the U.S. dollar.
Erdogan, who has described the lira’s fall as the consequence of a plot rather than economic fundamentals, also said that spreading false news about the economy was treason and recent U.S. actions were a stab in the back against Ankara.
Germany has an interest in a stable Turkish economy and is monitoring the situation closely, a government spokesman said, when asked about the meltdown of the Turkish currency, which has lost more than 40 percent against the U.S. dollar this year.
A spokeswoman for the German finance ministry said there had been no crisis talks among members of the G20 industrialised countries on the situation.
Turkey’s lira has declined sharply this year, largely over worries about President Tayyip Erdogan’s influence over the economy, his repeated calls for lower interest rates, and strains with the United States.
The spokeswoman said it was too early to comment on the exposure of German companies to the economic situation in Turkey, and declined to assess the latest developments there.
Permanent link to this article: http://discerningthetimes.me/?p=9324
- Turkish lira hits all-time low versus the U.S. dollar.
- The country’s economy is viewed as imbalanced due to rampant inflation.
- The United States has also threatened to impose “big sanctions” over a U.S. pastor.
Published 5:17 AM ET Fri, 10 Aug 2018 Updated 11:16 AM ET Fri, 10 Aug 2018 CNBC.com
The Turkish lira has collapsed to an all-time low against the dollar, but the country’s leader has brushed aside concerns, telling Turks “we have our God.” The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira.
At around 8:00 a.m. ET Friday, the lira had fallen to $7.081, an almost 11 percent loss for the session. It has since pared some losses. As recently as April one dollar bought about four Turkish lira.
The first wave of selling came early Friday after a Turkish delegation returned from the United States with apparently no progress on the detention of a U.S. pastor. The evangelist, Andrew Brunson, is charged with supporting a group blamed for an attempted coup in 2016.
President Donald Trump said in July that the U.S. would place “large sanctions” on the country for the pastor’s detention. On Friday, Trump appeared to back that position up by posting on Twitter that he would double the level of tariffs on steel and aluminum to 20 percent and 50 percent respectively.
So far there has been no confirmation to CNBC of the policy from the United States Department of Commerce.
Late Thursday, and prior to Trump’s tweet, Erdogan said he would stand up to pressure from the United States.
“There are various campaigns being carried out. Don’t heed them,” Erdogan said Thursday. “Don’t forget, if they have their dollars, we have our people, our God. We are working hard. Look at what we were 16 years ago and look at us now,” Erdogan told supporters.
On Friday afternoon Erdogan dug in again, calling for citizens to convert out of dollars and gold and buy the lira to help fight a “national struggle”. In response, the currency renewed its sell-off. In his speech in the northeastern city of Bayburt, Erdogan added that he would decisively defend the country against economic attacks.
The lira’s three-month implied volatility gauge hit its highest since late 2008. Implied volatility shows the market’s opinion of the currency’s potential moves. If the implied volatility is high, the market things the currency has potential for large price swings in either direction.
European bank concern
The euro dropped 0.5 percent against the dollar on Friday morning, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European banks.
According to the Financial Times, the lira’s depreciation could hurt European banks such as Spain’s BBVA, Italy’s UniCredit, and France’s BNP Paribas in particular.
Speaking to CNBC’s “Squawk Box Europe” Friday, Timothy Ash said the FT report was “sensationalist” as any losses incurred by the banks would be by local subsidiary branches who had invested using Turkish lira and not U.S. dollars.
He added however that while banks in Turkey remained in reasonable shape, the country did have a problem with its balance of payments that has occurred because the economy had been allowed to overheat.
“Ultimately now, there is zero credibility in the Central Bank of Turkey and zero credibility in Turkish policy making. Whatever they do, the market doesn’t believe them,” Ash said.
Turkey’s economy is seen as particularly fragile due to its high level of debt that is priced in dollars. The more the lira weakens, the more expensive that debt becomes. The latest estimates from the International Monetary Fund (IMF) show that the total amount of Turkish debt payable in other currencies is more than 50 percent of the country’s gross domestic product.
Inflation in the country has been rampant with consumer prices rising almost 16 percent in July alone. While the country’s central bank has raised interest rates in the past to support the currency and quell inflation, the most recent meeting in July saw the Turkish central bank unexpectedly hold its benchmark interest rate at 17.75 percent. Erdogan has repeatedly insisted that rates should not be raised too high, triggering suggestions that the central bank doesn’t act with full independence.
Berat Albayrak, Turkey’s finance minister, is set to reveal “a new economic model” later Friday.
Permanent link to this article: http://discerningthetimes.me/?p=9319
Antifa, Democratic Socialists And The New World Order All Want The Same Thing: “No Borders, No Wall, No USA At All”
No matter how globalism is repackaged, it always smells the same way in the end. For decades, the globalists have subtly (or sometimes not so subtly) been moving us toward a world in which national borders have essentially been made meaningless. The ultimate goal, of course, is to merge all the nations of the world into a “one world socialist utopia” with a global government, a global economic system and even a global religion. The European Union is a model for what the elite hope to achieve eventually on a global scale. The individual nations still exist, but once inside the European Union you can travel wherever you want, economic rules have been standardized across the Union, and European institutions now have far more power than the national governments. Liberty and freedom have been greatly restricted for the “common good”, and a giant horde of nameless, faceless bureaucrats constantly micromanages the details of daily life down to the finest details. With each passing day the EU becomes more Orwellian in nature, and that is why so many in Europe are completely fed up with it.
Unfortunately, this is precisely what Antifa, the Democratic Socialists and others on the radical left want to bring to America.
Our high schools and colleges have become hotbeds for “progressive” beliefs, and they are producing millions of young people that have completely and utterly bought into the globalist program. A lot of older Americans simply do not understand that many of these young people want to do away with the United States entirely. To many of us, such a notion is unthinkable, but the idea that the U.S. Constitution and the U.S. government should be done away with is really starting to catch fire among certain circles.
For example, on Sunday Antifa activists were boldly chanting “no border, no wall, no USA at all”…
Open borders protesters and members of the left-wing anarchist group Antifa chanted death to America during a counter-protest in Washington, DC, on Sunday.
In a video by Breitbart News’ Ian Mason, Antifa members and open borders activists can be heard and seen marching down streets throughout Washington, DC, demanding an end to the United States.
“No border, no wall, no USA at all!” Antifa and open borders activists chanted.
This is what they actually want.
They want a world without national borders, and they want a world in which the United States has been absorbed into a global socialist entity.
And as far as Antifa is concerned, they would be happy to achieve this goal by peaceful means, but they have also publicly embraced violence if that is what is necessary.
On Sunday, Antifa demonstrators in D.C. were also openly advocating the “overthrow of the United States government”…
Antifa and other left-wing groups gathered at Freedom Plaza in downtown Washington, DC, on Sunday carrying signs that reveal one message loud and clear: Remove racist President Donald Trump and Vice President Mike Pence from office and overthrow the United States government.
People passed out “Trump Pence Must Go” stickers and carried signs and banners displaying anti-Trump slogans, including, “Drive Out Trump Pence Fascist Regime.”
You can see some of the protest signs that demonstrators were displaying right here.
Of course Antifa represents a relatively small (but growing) portion of the overall population.
But a movement that represents a whole lot more people is the Democratic Socialists. Thanks to her recent stunning victory in New York, Alexandria Ocasio-Cortez has become their new standard-bearer, and she is publicly calling for the abolition of ICE…
Democratic New York congressional candidate Alexandria Ocasio-Cortez explained her belief that abolishing the Immigration Customs Enforcement (ICE) agency is “common sense” during an interview on CNN with John Berman on Thursday morning.
“I think now, we’re starting to realize that ICE — part of that suite of legislation has a structure that allows for civil rights and human rights abuses,” Ocasio-Cortez stated. “And, you know, it may seem like a radical position, but I actually think it is very, very common sense. You know, we should not be separating children from their families.”
But if we don’t have anyone enforcing or protecting our borders, then it would essentially mean that we don’t have any borders at all, and that is precisely what they want.
For Democratic socialists like Ocasio-Cortez, a lack of money is never a concern. They believe that we can completely open up our borders and allow millions upon millions of new immigrants to come pouring in, and that we can also afford to provide free healthcare, free college education, free basic housing and a whole host of other social benefits to them and to everyone else that is already living here.
And even though we are already 21 trillion dollars in debt, somehow we supposedly have the resources necessary to pay for all of this.
I know all of this sounds crazy, but this is what they want, and they are passionate about getting it.
Today, the radical left completely dominates our system of public education, and that is why so many of our young people have become radical leftists. And many of these “true believers” openly talk about a “revolution” in the United States.
Even big stars such as Michael Moore are speaking about “a real insurgency” these days. In his new film, Moore claims that Donald Trump will be “the last president of the United States”, but he doesn’t give any specific details.
So what exactly did Moore mean by that?
Somebody needs to ask him that question.
Sadly, these leftists ultimately don’t want more liberty and freedom.
Instead, they want a world that they can “transform” into their own image. They want a world where free speech is highly censored on the Internet, where your money is taken and “redistributed” to someone else, and where even the smallest details of your daily life are micromanaged “for the good of humanity”.
Ultimately, what they crave is tyranny.
They better be careful what they wish for, because someday they might end up getting it.
Permanent link to this article: http://discerningthetimes.me/?p=9317
The rich rules over the poor, and the borrower is the slave of the lender. Proverbs 22:7 (The Israel Bible™)
In just four months the value of Iran’s currency, the rial, has dropped by half—now it takes 102,000 rial to buy a dollar—Agence France-Presse reported on Monday. In March, the rial’s value had dropped to the point that it cost 50,000 rial to buy a dollar.
The latest reported drop of the rial comes ahead of expected sanctions to be imposed by the United States on Iran on Aug. 6.
The unofficial rate was confirmed by an anonymous trader to AFP.
The government set an official rate of 42,000 rials for a dollar in April and threatened to crack down on those trading currency on the black markets. But Iranians still wanted to buy dollars, either to preserve their wealth, or even as an investment, as the rial continued to fall.
Bloomberg reported that the continuing devaluation of the rial, already damaged by “from years of sanctions, mismanagement and corruption,” is nearing collapse.
The disparity between the official and actual rates of the rial has allowed importers to “profiteer” by importing goods at the official exchange rate and then selling them priced in rials at the higher unofficial rate.
In a statement released on Monday, Iran’s central bank blamed the economic uncertainty on “plots by the nation’s enemies to create unrest in the economy.”
Last week, the government replaced Valiollah Seif, the governor of the central bank, effectively blaming him for the nation’s economic straits.
Iran has been taking action against those taking advantage of the rial’s fall.
The police have been chasing black-market traders from their bases of operation. The government has also announced the arrests of 29 people for what it calls “disturbing” the nation’s economy and its “money and currency systems.”
Permanent link to this article: http://discerningthetimes.me/?p=9298
By Jennifer Harper – The Washington Times – Tuesday, June 5, 2018
In 24 hours, the 66th Bilderberg Meeting begins in scenic Turin, Italy, — a cue for those wary of powerful secrets and/or conspiracies to go into watch mode, seeking proof that a master shadow government is at work and a new world order is afoot somewhere — or words to that effect. Organizers of what is generally described as a “secretive” gathering say 128 learned folk plus economic and political titans from 23 nations are headed for the three-day event — rumored to be staged at the NH Lingotto Congress Hotel, a sleek, historic and moderne spot with views of the Alps and a spectacular rooftop attraction which once involved race cars. The hotel is definitely sold out at the moment.
The event is closed to the squawking press in order to encourage “openness and dialogue” say the ultra-discreet Bilderberg organizers.
They are a helpful bunch, though, supplying a list of the key topics for discussion this year. And here they are, verbatim from the source: populism in Europe, the inequality challenge, the future of work, artificial intelligence, the U.S. before midterms, free trade, U.S. world leadership, Russia, quantum computing, Saudi Arabia and Iran, the “post-truth” world and current events.
The organization is not shy about revealing who’s coming to discuss these things. The attendee list is definitely global and accomplished — full of economists, historians, government officials and academics, among other designations. The names are always interesting. The U.S. contingent includes Henry Kissinger, David Petraeus, Colorado Gov. John Hickenlooper, Wall Street Journal columnist Peggy Noonan and veteran political analyst Charlie Cook. Motley protesters are usually a fixture at the event, but they have not quite surfaced yet. The mission, however, is clear.
“Thanks to the private nature of the meeting, the participants are not bound by the conventions of their office or by pre-agreed positions. As such, they can take time to listen, reflect and gather insights. There is no desired outcome, no minutes are taken and no report is written. Furthermore, no resolutions are proposed, no votes are taken, and no policy statements are issued,” Bilderberg says in its mission statement.
A new survey released Tuesday finds that 68 percent of the public feel worn-out by the volume of news they are exposed to on a regular basis.
“If you feel like there is too much news and you can’t keep up, you are not alone. A sizable portion of Americans are feeling overwhelmed by the amount of news there is, though the sentiment is more common on the right side of the political spectrum,” write Jeffrey Gottfried and Michael Barthel, analysts for the Pew Research Center, which conducted the survey.
“While majorities of both Republicans and Democrats express news fatigue, Republicans are feeling it more,” the analysts said. “Roughly three-quarters (77 percent) of Republicans and Republican-leaning independents feel worn-out over how much news there is, compared with about 6-in-10 Democrats and Democratic-leaning independents (61 percent).”
News fatigue also follows certain patterns, they found.
“Some demographic groups — most notably white Americans — are more likely than others to feel exhausted by the news,” the analysts wrote. “Nearly three-quarters (73 percent) of white Americans express fatigue with the amount of news, much higher than among both Hispanic (55 percent) and black Americans (55 percent). Women are also somewhat more likely than men to feel worn-out (71 percent vs. 64 percent, respectively).”
There’s also a tolerance factor at work. The less you follow the news, the more fatigued you become, the poll revealed.
“While a majority of those who follow the news most of the time (62 percent) are feeling worn-out by the news, a substantially higher portion (78 percent) of those who less frequently get news say they are fatigued by the amount of it that they see,” the analysts said.
Permanent link to this article: http://discerningthetimes.me/?p=9219
Drought Conditions In The Southwest Are So Bad That They Are Already Being Compared To The Dust Bowl Of The 1930s
The worst drought to hit the Southwest in decades continues to grow even worse, and many are already comparing this current crisis to the Dust Bowl days of the 1930s. Agricultural production is way down, major rivers are running dry, and horses are dropping dead from a lack of water. The epicenter of this drought is where the states of Utah, Colorado, Arizona and New Mexico all come together, but it is also devastating areas of north Texas, Oklahoma and Kansas as well. Portions of seven states are already at the highest level of drought on the scale that scientists use, and summer won’t even start for about another two months. If we don’t start seeing some significant rainfall, it won’t be too long before massive dust storms start devastating the entire region. The mainstream media is finally beginning to wake up and start reporting on this crisis, and some reporters are choosing to make a direct comparison between this drought and the Dust Bowl conditions during the Great Depression…
Drought conditions are so severe across much of the Southwest that they rival those during the disastrous Dust Bowl period of the 1930s, when severe dust storms killed livestock and caused crops to fail.
Oklahoma State Climatologist Gary McManus said some climatological stations in the western part of his state have recorded less than 2 inches of rain since October.
“Some of those stations are pegging the driest 7-to-8 months on record for those locations,” McManus said.
If you are not familiar with the Dust Bowl period, you should be able to find a good documentary online to watch. It was one of the most painful periods in American history, and we could be right on the verge of a repeat.
Those that have followed my work for an extended period of time know that I have been warning about a return of Dust Bowl conditions, and now it is actually happening. The flow of the Colorado River is way, way down, and in some areas the Rio Grande has already dried up completely…
The drought has hit the Colorado River hard. Forecasters say the river will carry only about 43 percent of its average amount of water this year into Lake Powell, one of two big reservoirs on the system.
In New Mexico, stretches of the Rio Grande — another one of North America’s longest rivers — have already gone dry as biologists have been forced to scoop up as many endangered Rio Grande silvery minnows as possible so they can be moved upstream.
As urban populations have surged, the Southwest has already been dealing with unprecedented water stress, and now this crisis is going to take things to an entirely new level.
Meanwhile, this drought has been hitting farms really hard. Winter wheat production in some areas will be about half of what it was last year, and this summer some wheat farmers may have to abandon their fields entirely…
Yield potential for hard red winter wheat in southwest Kansas and northwestern Oklahoma is roughly half that of a year ago as exceptional drought conditions take a toll on the crop, scouts on an annual tour said on Wednesday.
Some farmers may be forced to abandon their wheat fields due to blisteringly dry growing conditions, adding to woes for those already suffering from declining global demand for U.S. wheat, scouts on the Wheat Quality Council tour said.
The United States has fallen to the No. 2 world exporter, behind top shipper Russia, and U.S. farmers this season planted the fewest wheat acres in a century. Kansas is the top wheat- growing U.S. state and Oklahoma is the fifth-largest producer.
Somewhere around 60 percent of all winter wheat in Texas is being graded “poor” or “very poor”, and Kansas is on pace to have its smallest winter wheat crop in nearly 30 years.
So what is going to happen this summer if we don’t see some substantial rainfall?
Many fear the worst. In fact, one top expert is warning that agricultural losses in the state of Texas alone this year will be in the “billions”…
Home to one of the nation’s most fertile farming areas—crop production in the Texas region alone generates about $12 billion in economic activity—observers say the drought could punish the agricultural sector, affecting everything from cotton to cattle to farming-equipment sales.
“It’s going to be in the billions in terms of crop loss,” said Darren Hudson, director of the International Center for Agricultural Competitiveness at Texas Tech University in Lubbock.
A lot of people don’t get too emotional about crops dying, but when horses start dropping dead that is another thing entirely.
At the top of this article I told you that horses have been dropping dead in the Southwest from a lack of water, and it isn’t just a few.
In fact, one media outlet recently reported the discovery of almost 200 dead horses around a dried up watering hole…
Off a northern Arizona highway surrounded by pastel-colored desert is one of the starkest examples of drought’s grip on the American Southwest: Nearly 200 dead horses surrounded by cracked earth, swirling dust and a ribbon of water that couldn’t quench their thirst. Flesh exposed and in various stages of decomposition, the carcasses form a circle around a dry watering hole sunken in the landscape, CBS affiliate KPHO-TV reports.
And please keep in mind that this is just May.
What are things going to look like once we get to July and August?
This is what a severe drought looks like. We haven’t seen anything like this since the Dust Bowl of the 1930s, and to be honest the Southwest is completely unprepared for what is about to happen.
Let us pray that rain comes soon, because without sufficient precipitation things could go from bad to worse very rapidly.
Permanent link to this article: http://discerningthetimes.me/?p=9200