More Bank Failures And Other Doom

1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators.

The ‘plan’ looks like to announce these closures on Fridays. Wonder which bank is next? Wait till Friday…

>Banks Brace For More Pain Not something Advil is going to help with…

Not related, but interesting, Russia’s military conducts test flights near North Pole. Told you this was going to happen. They’re going North to battle for the oil and gas.

Russia has been increasingly assertive in the Arctic region as global warming makes the area’s oil and natural gas resources more accessible.

Where’s The Outrage? Outrage? What outrage? The American people are sheep, still asleep and uncaring as America careens towards the apocalypse.


“The National Australia Bank’s decision to write off 90 per cent of its US conduit loans will have dramatic repercussions around the world. Wall Street will be deeply shocked when they understand the repercussions of what NAB has done.”

“US banks have written down $450 billion in bad housing loans. The revelation from NAB means that they will now certainly need to take provisions to $1,000 billion. But write-downs of $1,300 billion and perhaps even more are on the cards.” [in other words, the financial crash is still only 1/3 or less ‘the way there’ – and that’s just the housing mortgage market frauds ntm commercial property financing and consumer credit and major industrial (e.g Ford, GM) ‘markets’

How bad is it? “Overall, the financial sector is expected to report total profits of just $8.9 billion in the quarter, down 85% from earnings of $61.3 billion a year ago.”


From Lonewolf: Recent estimates I’ve seen/heard are that current global temps are currently up between 0.8 and 1.5 C not including the masking effect of particulate pollution from industry which is also estimated in this range – and not including the lag time effects of accelerating CO2 and CH4 ’emissions’. In other words, ‘real’ current rise is already in the 2-3 C range and probably another 1+ C in the pipeline even if all fossil fuel combustion halted today. Plus the ongoing thawing of permafrost (CH4) in the arctic, albedo changes at the poles, ocean die-off, etc.

Related: Wetlands Could Unleash ‘Carbon Bomb’

Recently Lonewolf has shared some calculations of the carbon we are presently releasing into the atmosphere from human activity:

I looked up current annual global Carbon ‘consumption’ –
Oil (2008) 87.4 Mbpd or 31.901 B bbl/yr at avg. specific gravity of crude of 7.4 bbl/MT = approx 300 lbs/ bbl (42 US gal, 7.14 lb/gal).

Note – gas 6.1 lb/gal. gasoline is 86% Carbon by mass, ‘average’ crude closer to 92% by mass (weight).

NG (2005) 104 Trillion cu ft /yr growing at 2%+/yr (2008 est) 110.4 T cu ft/yr
at 0.045 lb/cu ft 6.182Trillion lbs = 2.81 B metric tonnes (75% C = 2.108 B MT C // x 3.1 = 6.534 B MT CO2/yr x 16 (below) = 105 Billion barrel oil equivalent/yr

1 Ton of Liquefied = approximately 16 barrels
Methane = approximately 50,000 cubic feet (1400 cubic meters) of natural gas, depending on methane content.

Ethanol (2007) = 920,000 bbl/day (335.8 M bbl/yr)
Biodiesel ????
Coal (2006) approx. (at least) 3.2 Billion tones “oil equivalent” (as energy content, not Carbon content (mass)).

Coal is by far the fastest growing ‘fossil fool’ use – can’t find tonnage claims or 2008 estimate.
3.2B x 2000 = 6.4 T lbs ~ = 1.07 T gal (gasoline) ~= 25 B bbls ‘oil equivalent’ but coal is FAR ‘dirtier’ (more Carbon) than oil.

I ‘think’ (feel) that this estimate is MUCH too low – perhaps by an order of magnitude above (billion barrels/yr).

32 + 105 + 0.34 + 25 = 162+++++ Billion Barrels Oil (or equivalent)/yr – at least, assume at least 90% Carbon by weight

barrel = 300 lbs = 48.6 Trillion lbs
x90% = 43.75 Trillion lbs Carbon (19.85 T kg)
oxidized = 134 Trillion lbs CO2 = (at least) 61 Billion metric tonnes CO2/yr & could be double this
(above is my ballpark estimate).

Chart below shows 8 Billion MT (yeah, right!), the crude oil weighs more than that all by itself) From Wiki


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4 thoughts on “More Bank Failures And Other Doom

  • July 26, 2008 at 2:20 pm

    For everyone whose ‘eyes’ (brain) just fogged over:

    For ‘simplicity’, combine all the fossil fuels we bipedaa parasites ‘consume’ by weight and multiply this by approx. 3 to get the weight of CO2 ‘disposed of’ into the atmosphere (and oceans). Point is that oxidizing (‘burning’) Carbon (aka anything) does NOT ‘make it go away’.

    for example:
    (typical) gasoline combusted is: 2 (C8H18) + 25 O2 ==>> 18 H2O + 16 CO2
    Each (1) molecule of gasoline when oxidized yields 8 molecules of Carbon dioxide.
    BUT, by weight (atomic mass: C = 12.01, O = 16)
    Each (1) part gasoline (oxidized, combusted) yields 3.08772 (3.1) parts Carbon dioxide.

    Try wrapping your ‘mind’ around this ‘little reality” and then multiply by Billions of metric tones “Oil Equivalent” EVERY year.
    If one prefers, one could think of this as “Better Dying Through Chemistry 101”

  • July 28, 2008 at 8:55 am

    Obama’s ‘Big Brother’ vanishes from speech ‘Civilian security force’ missing from ‘call to service’ transcript:

    Democrat Sen. Barack Obama’s stunning assertion in a recent speech that the U.S. needs a “civilian national security force” that would be as powerful, strong and well-funded as the half-trillion dollar Army, Marines, Navy and Air Force is not included in published transcripts of his prepared remarks.In the July 2 speech in Colorado Springs, Obama insisted the U.S. “cannot continue to rely on our military in order to achieve the national security objectives we’ve set.”

  • July 28, 2008 at 9:20 am

    How about we do the common sense thing and simply bring our military HOME where they BELONG?

    I’m all for national defense, but not when we are occupying 154 other nations.

    But reading between the lines here, a civilian police force would probably be operated by Blackwater and Halliburton and would be the “Brownshirts” and Gestapo / SS we all fear and loathe.

    Buy more ammo, you’re going to need it.

    These politicians are all too damned stupid to realize that we do not need “more government” as a solution to our problems, we need LESS.

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