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Trending News: With Or Without Tariffs, The US Dollar Is A PonziDisparate Impact Is a Legal TrickNATO chief discusses ‘global security’ with TrumpFormer NATO Spokesperson Says Europe May Need To Spend 5% Of GDP On DefenseEric Hovde’s Wisconsin Senate Race Opens the Door to a Criminal InvestigationTelling Today’s Modern Women What They Need To Hear, NOT What They Want To HearLorn Must Watch Acolyte PART TWO: Charity Livestream for Children Hospitalized During HolidaysChristmas Fun at Universal Orlando! 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Sat. Nov 23rd, 2024

Hurricane Kristy Public Advisory


000
WTPZ32 KNHC 240231
TCPEP2

BULLETIN
Hurricane Kristy Advisory Number  10
NWS National Hurricane Center Miami FL       EP122024
800 PM PDT Wed Oct 23 2024

...KRISTY REMAINS A VERY POWERFUL CATEGORY 4 HURRICANE...


SUMMARY OF 800 PM PDT...0300 UTC...INFORMATION
----------------------------------------------
LOCATION...14.2N 117.2W
ABOUT 765 MI...1235 KM SW OF THE SOUTHERN TIP OF BAJA CALIFORNIA
ABOUT 520 MI...835 KM SW OF SOCORRO ISLAND
MAXIMUM SUSTAINED WINDS...155 MPH...250 KM/H
PRESENT MOVEMENT...W OR 270 DEGREES AT 20 MPH...31 KM/H
MINIMUM CENTRAL PRESSURE...928 MB...27.41 INCHES


WATCHES AND WARNINGS
--------------------
There are no coastal watches or warnings in effect.


DISCUSSION AND OUTLOOK
----------------------
At 800 PM PDT (0300 UTC), the eye of Hurricane Kristy was located 
near latitude 14.2 North, longitude 117.2 West.  Kristy is moving 
toward the west near 20 mph (31 km/h), and a westward to 
west-northwestward motion is forecast through Thursday.  A slower 
northwest to north-northwest motion is expected by late Friday.

Maximum sustained winds are near 155 mph (250 km/h) with higher
gusts.  Kristy is a category 4 hurricane on the Saffir-Simpson 
Hurricane Wind Scale.  Kristy is expected to fluctuate in strength 
over the next day or so.  Steady to rapid weakening should begin by 
early Friday.

Hurricane-force winds extend outward up to 15 miles (30 km) from the
center and tropical-storm-force winds extend outward up to 80 miles
(130 km).

The estimated minimum central pressure is 928 mb (27.41 inches).


HAZARDS AFFECTING LAND
----------------------
SURF:  Swells generated by Kristy will affect portions of the west
coast of the Baja California peninsula late this week and over the
weekend.  These swells are likely to cause life-threatening surf and
rip current conditions. Please consult products from your local
weather office.


NEXT ADVISORY
-------------
Next complete advisory at 200 AM PDT.

$$
Forecaster Cangialosi

Originally Posted at:
NATIONAL HURRICANE CENTER and CENTRAL PACIFIC HURRICANE CENTER At The NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION

    • NHC

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    Via SchiffGold.com,

    With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. 

    Dollars are backed by debt, which requires infinite economic growth to service. 

    Without constant inflation to erode the debt’s value, transferring wealth from savers to the government and bankers, it all falls apart. 

    Without new borrowers to sustain current spending, it all falls apart.

    Without a petrodollar system where the USD is no longer the world reserve currency, and other countries no longer are forced at gunpoint to use dollars, it all falls apart.

    Just as a Ponzi scheme collapses when enough investors lose confidence in it, because there’s no underlying value and not enough new suckers to pay back previous waves of investors, the USD collapses under the same scenario.

    And while I see the surface-level, superficial appeal of president-elect Donald Trump’s plan to replace the income tax with tariffs, there’s (at least) one very big problem. We’re in a country that, for decades, hasn’t had a manufacturing base, making the economic viability of the plan incredibly questionable. Even if it somehow worked, it wouldn’t solve the problem of the world’s largest economies being based on glorified, state-sanctioned Ponzi schemes.

    Until we revert back to dollars that are pegged to something of real value, like gold, the scam will continue. And it’s gone on for so long that tremendous economic pain is now a prerequisite for weaning ourselves off of it. Just as a Ponzi scheme collapsing harms everyone unlucky enough to be involved, the unwinding of the petrodollar USD Ponzi will hurt every American and, indeed, people all around the world as it reels under the chaos of the realization that the dollar was hollow all along, and the line of new suckers to buy US debt has officially dried up.

    Total Public Debt, U.S.

    With 10-year Treasury yields rising and major pressure on interest rates to go higher, the Fed and Trump are desperate to keep them low. But at $35 trillion, our debt bomb isn’t going away, and the deficit isn’t going anywhere. A heavier interest payment burden and QE are going to blow the USD Ponzi balloon bigger and bigger, so the only question will be when it pops.

    Painful as the explosion will be, it’s unavoidable and necessary, and will only be more severe the longer the Ponzi goes on. Just as more investors get hurt, and more spectacularly so, when a Ponzi is able to grow larger, the US dollar collapse will be more painful the longer the can is kicked down the road. This reset will be an opportunity to go back to sound money, but as in the 2008 crisis, the same elites that caused it will try to exploit it as an opportunity to implement an increasingly centralized system that gives them even more control.

    Unfortunately, we’re past the event horizon for the Ponzi. Past the point of no return. No amount of economic tinkering, even of the right sort and on a big-enough scale, from Trump or anyone else, can reverse or solve the problem without a major implosion causing terrible pain across the economy. Gold is one way to protect yourself from the fallout, but when it comes crashing down, no one will be immune to the effects of such a spectacular burst.

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