QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes” because they bailed out the depositors. Yet Carl Icahn seems to agree with your saying that the U.S. economy is at a breaking point because of inflation. He said, “every hegemony has been destroyed by inflation.”
Very few so-called billionaires seem to understand what’s at stake. It makes me think they were just lucky in how they made their money. After Griffin’s comment, I would not be inclined to invest in Citadel. Then a group of banks is talking about depositing $20 to $30 billion to save Republic bank.
Is there any hope for the future when leadership is absent in these times of chaos?
UT
QUESTION #2: Thanks for everything you do. At the WEC, you warned about banks and even the big funds. The turning point was at the end of January here in 2023. Is it possible that this financial crisis will be the major factor even overpowering war when the ECM comes into play by April 10th?
CW
ANSWER: Anyone who does not understand that inflation is a natural occurrence when you get into a war is clearly not a student of history and has no business being the CEO of even the head local dog-catcher. The Roman deity Janus, after whom January is named, was the two face entity who looked at the past and the future. The doors to his temple would be closed when there was peace. That symbolized that nothing was at risk of changing. However, in times of war, they would leave the doors open to symbolize the uncertainty of war that the spirits could flow in and out.
Only today, do we seem to no longer respect that the cost of war is both lives lost and inflation for those who survive. This Ukrainian Proxy War serves no purpose. Winning or losing will have ZERO impact on our national security or the future of the people. This is simply a grudge match instigated by the Neocons who perpetually love war as long as someone else is dying for their personal goals. To them, it is nothing more than watching a war on CNN and cheering as if it were a football game.
I have said that this war will undermine the entire US economy and that is now manifesting in the Financial Crisis of 2023 which will be far worse than any of these people expect. The lack of experience and the stupidity of those who remark that capitalism is collapsing because they are honoring the depositors is absurd. A depositor has NO WAY of understanding the financial status of a bank until it is too late. They receive no warning and yet there are those who say they should suffer the losses because that is capitalism.
Sorry, but that has NOTHING to do with capitalism. It is no different than FRAUD soliciting money with a false pretense. Investing in a hedge fund like Citadel is different from a bank. Depositors in a hedge fund know they are investing their money and they are getting a piece of that return. That is capitalism. Someone who has a bank account where their social security check is automatically deposited took on no such risk. Sorry – that is different that a hedge fund that goes bust.
The problem we have is that the ECM turning point is April 10th. Yet it is also the Pi Target from the fall of the USSR and the birth of even Ukraine. We just had Poland losing their mind and sending jets to Ukraine. That makes Poland a viable target for war. Poland is irresponsible given the fact that the Ukrainians slaughtered over 300,000 of them and has refused to ever apologize for their WWII Nazi involvement.
We have a problem here with the Financial Crisis simultaneously with important cyclical targets regarding war. Any personal interpretation I can offer is just a personal opinion. Both trends are colliding into April and this may be a two-prong panic of unprecedented significance.
Posted originally on the CTH on March 16, 2023 | Sundance
The European Central Bank (ECB) raised interest rates again today, while simultaneously promising to support further bank bailouts that might come as an outcome of raising the rates again. In the bigger picture there are two dynamics supported by the ECB playing out.
The first issue is the ideological effort to change the economic models based on climate change. The Build Back Better (Green New Deal) policy, a traditional energy production control effort, is being supported by the ECB effort to shrink the EU economy to meet the rate of diminished energy production. Make the economy smaller to meet the lower energy production rate.
Lowered energy production (oil, coal and natural gas) has raised energy prices; this is the fuel behind supply side inflation. The Western policy created energy inflation is hitting every aspect of the EU, US and western global economy. The prices of all downstream goods and services have risen dramatically as a result. The European banks are not going to stop trying to make the economy smaller just because banks are failing. That brings us to the second issue.
Like the first issue with BBB controls, the World Economic Forum action plan for government also includes the creation of central bank digital currencies (CBDCs). The collapsing of the traditional banking system supports the agenda to create CBDCs. Raising interest rates puts more pressure on already weak banks. This is a feature not a flaw of the intent.
Shifting the economy from traditional oil, coal and natural gas is one aspect (climate change). Shifting the banking system from traditional currency to central bank digital currencies is the second aspect (total govt financial control). The banking instability is the crisis that facilitates the CBDC solution. Ergo, continue raising rates and continue making the crisis more useful.
In the bigger picture, this is an ideological quest to fundamentally change the western economic model. Support for that change is what we are witnessing as the EU central banks continue raising rates. Ultimately, banks being controlled by government is the necessary step to achieve the second phase of the larger plan.
(Via Wall Street Journal) – FRANKFURT—The European Central Bank raised interest rates by a half-percentage point while promising emergency support for eurozone banks if needed, showing the policy makers’ balancing act as they seek to combat high inflation without aggravating strains in the financial system.
The ECB said in a statement that it would increase its key rate to 3%, following consecutive half-point rate increases in February and December. The 50 basis-point rise surprised analysts who had expected a smaller uptick given the tense market situation after the collapse of Silicon Valley Bank.
At a news conference, ECB President Christine Lagarde signaled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks. Policy makers will make future rate decisions based on coming economic data, she said, a change from previously announcing plans for rate increases months in advance.
“It’s not business as usual,” Ms. Lagarde said. “It is not possible at this point in time…to determine what the path will be going forward.” (read more)
Meanwhile in the U.S., the Fed/Treasury plan is to do essentially the same thing by supporting the big banks with over $2 trillion in available backstop funding. The Fed is celebrating the big banks supporting the smaller banks. Ultimately, this is the banking system downsizing and getting more control with less players.
Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu:
Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system. (LINK)
The implementation of a U.S. digital currency will become easier if there are fewer players in the banking system. WATCH:
I got to thinking about the raw unadjusted temperature station data. Despite the many flaws in individual weather stations making up the US Historical Climate Network (USHCN), as revealed by Anthony Watts’ SurfaceStations project, the USHCN is arguably one of the best country networks. So I thought I’d take a look at what it reveals.
The data is available here, with further information about the dataset here. The page says:
UNITED STATES HISTORICAL CLIMATOLOGY NETWORK (USHCN) Daily Dataset M.J. Menne, C.N. Williams, Jr., and R.S. Vose National Climatic Data Center, National Oceanic and Atmospheric Administration
These files comprise CDIAC’s most current version of USHCN daily data.
These appear to be the raw, unhomogenized, unadjusted daily data files. Works for me. I started by looking at the lengths of the various records.
Figure 1. Lengths of the 1,218 USHCN temperature records. The picture shows a “Stevenson Screen”, the enclosure used to protect the instruments from direct sunlight so that they are measuring actual air temperature.
This is good news. 97.4% of the temperature records are longer than 30 years, and 99.7% are longer than 20 years. So I chose to use them all.
Next, I considered the trends of the minimum and maximum temperatures. I purposely did not consider the mean (average) trend, for a simple reason. We experience the daily maximum and minimum temperatures, the warmest and coldest times of the day. But nobody ever experiences an average temperature. It’s a mathematical construct. And I wanted to look at what we actually can sense and feel.
First I considered minimum temperatures. I began by looking at which stations were warming and which were cooling. Figure 2 shows that result.
Figure 2. USHCN minimum temperature trends by station. White is cooling, red is warming.
Interesting. Clearly, “global” warming isn’t. The minimum temperature at 30% of the USHCN stations is getting colder, not warmer. However, overall, the median trend is still warming. Here’s a histogram of the minimum temperature trends.
Figure 3. Histogram of 1,218 USHCN minimum temperature trends. See Menne et al. for estimates of what the various adjustments would do to this raw data.
Overall, the daily minimum temperatures have been warming. However, they’re only warming at a median rate of 1.1°C per century … hardly noticeable. And I have to say that I’m not terrified of warmer nights, particularly since most of the warmer nights are occurring in the winter. In my youth, I spent a couple of winter nights sleeping on a piece of cardboard on the street in New York, with newspapers wrapped around my legs under my pants for warmth.
I can assure you that I would have welcomed a warmer nighttime temperature …
The truth that climate alarmists don’t want you to notice is that extreme cold kills far more people than extreme warmth. A study in the British Medical Journal The Lancet showed that from 2000 to 2019, extreme cold killed about four and a half million people per year, and extreme warmth only killed a half million.
Figure 4. Excess deaths from extreme heat and cold, 2000-2019
So I’m not worried about an increase in minimum temperatures—that can only reduce mortality for plants, animals, and humanoids alike.
But what about maximum temperatures? Here are the trends of the USHCN stations as in Figure 2, but for maximum temperatures.
Figure 5. USHCN maximum temperature trends by station. White is cooling, red is warming.
I see a lot more white. Recall from Figure 2 that 30% of minimum temperature stations are cooling. But with maximum temperatures, about half of them are cooling (49.2%).
And here is the histogram of maximum temperatures. Basically, half warming, half cooling.
Figure 6. Histogram of 1,218 USHCN maximum temperature trends.
For maximum temperatures, the overall median trend is a trivial 0.07°C per century … color me unimpressed.
Call me crazy, but I say this is not any kind of an “existential threat”, “problem of the century”, or “climate emergency” as is often claimed by climate alarmists. Instead, it is a mild warming of the nights and no warming of the days. In fact, there’s no “climate emergency” at all.
And if you are suffering from what the American Psychiatric Association describes as “the mental health consequences of events linked to a changing global climate including mild stress and distress, high-risk coping behavior such as increased alcohol use and, occasionally, mental disorders such as depression, anxiety and post-traumatic stress” … well, I’d suggest you find a new excuse for your alcoholism, anxiety, or depression. That dog won’t hunt.
My very best to everyone from a very rainy California. When we had drought over the last couple of years, people blamed evil “climate change” … and now that we’re getting lots of rain, guess what people are blaming?
Yep, you guessed it.
w.
As Always: I ask that when you comment you quote the exact words you’re discussing. This avoids endless misunderstandings.
Adjustments: This raw data I’ve used above is often subjected to several different adjustments, as discussed here. One of the largest adjustments is for the time of observation, usually referred to as TOBS. The effect of the TOBS adjustment is to increase the overall trend in maximum temperatures by about 0.15°C per century (±0.02) and in minimum temperatures by about 0.22°C per century (±0.02). So if you wish, you can add those values to the trends shown above. Me, I’m not too fussed about an adjustment of a tenth or two of a degree per century, I’m not even sure if the network can measure to that level of precision. And it certainly is not perceptible to humans.
There are also adjustments for “homogeneity”, for station moves, instrument changes, and changes in conditions surrounding the instrument site.
Are these adjustments all valid? Unknown. For example, the adjustments for “homgeneity” assume that one station’s record should be similar to a nearby station … but a look at the maps above show that’s not the case. I know that where I live, it very rarely freezes. But less than a quarter mile (1/8 km) away, on the opposite side of the hill, it freezes a half-dozen times a year or so … homogeneous? I don’t think so.
The underlying problem is that in almost all cases there is no overlap in the pre- and post-change records. This makes it very difficult to determine the effects of the changes directly, and so indirect methods have to be used. There’s a description of the method for the TOBS adjustment here.
This also makes it very hard to estimate the effect of the adjustments. For example:
To calculate the effect of the TOB adjustments on the HCN version 2 temperature trends, the monthly TOB adjusted temperatures at each HCN station were converted to an anomaly relative to the 1961–90 station mean. Anomalies were then interpolated to the nodes of a 0.25° × 0.25° latitude–longitude grid using the method described by Willmott et al. (1985). Finally, gridpoint values were area weighted into a mean anomaly for the CONUS for each month and year. The process was then repeated for the unadjusted temperature data, and a difference series was formed between the TOB adjusted and unadjusted data.
To avoid all of that uncertainty, I’ve used the raw unadjusted data.
Addendum Regarding The Title: There’s an Aesop’s Fable, #35:
“A Man had lost his way in a wood one bitter winter’s night. As he was roaming about, a Satyr came up to him, and finding that he had lost his way, promised to give him a lodging for the night, and guide him out of the forest in the morning. As he went along to the Satyr’s cell, the Man raised both his hands to his mouth and kept on blowing at them. ‘What do you do that for?’ said the Satyr. ‘My hands are numb with the cold,’ said the Man, ‘and my breath warms them.’ After this they arrived at the Satyr’s home, and soon the Satyr put a smoking dish of porridge before him. But when the Man raised his spoon to his mouth he began blowing upon it. ‘And what do you do that for?’ said the Satyr. ‘The porridge is too hot, and my breath will cool it.’ ‘Out you go,’ said the Satyr, ‘I will have nought to do with a man who can blow hot and cold with the same breath.’”
The actual moral of the story is not the usual one that people draw from the fable, that the Man is fickle and the Satyr can’t trust him.
The Man is not fickle. His breath is always the same temperature … but what’s changing are the temperatures of his surroundings, just as they have been changing since time immemorial.
Most people don’t have a clear understanding of the greenhouse effect (GHE). It is not complicated to understand, but it is usually not well explained. It is often described as “heat-trapping,” but that is incorrect. Greenhouse gases (GHG) do not trap heat, even if more heat resides within the climate system due to their presence in the atmosphere. The truth is that after adjusting to a change in GHG levels, the planet still returns all the energy it receives from the Sun. Otherwise, it would continue warming indefinitely. So, there is no change in the energy returned. How do GHGs produce GHE?
GHGs cause the atmosphere to be more opaque to infrared radiation. As solar radiation heats mainly the ocean and land surface of the planet, GHGs absorb thermal emission from the surface at the lower troposphere and immediately pass that energy along to other molecules (typically N2 and O2) through collisions that occur much faster than the time it would take to re-emit the radiation. This warms the lower troposphere. The density and temperature decrease rapidly through the troposphere, so molecules are colder and more separated at the upper troposphere. Now GHGs have a chance to emit IR radiation so when they finally collide with another molecule, they are colder so GHGs have a cooling effect in the upper troposphere and stratosphere.
Because GHGs make the atmosphere more opaque to IR radiation, when they are present the emission to space from the planet normally does not take place from the surface (as happens in the Moon). Part of it still takes place from the surface through the atmospheric window, but most of it takes place from higher in the atmosphere. We can define a theoretical effective emission height as the average height at which the Earth’s outgoing longwave radiation (OLR) is being emitted. The temperature at which the Earth emits is the temperature at the effective emission height in the atmosphere. That temperature, when measured from space is 250 K (-23°C), not 255 which is the calculated temperature for a theoretical blackbody Earth. That temperature corresponds to a height of about 5 km, which we call the effective emission height.
The last piece we need to understand the GHE is the lapse rate, which in the troposphere is positive, meaning that temperature decreases with height. Without a positive lapse rate, the GHE does not work. Since GHGs cause the planet to emit from a higher altitude, due to making the atmosphere more opaque to IR radiation, that altitude is colder due to the lapse rate. The Earth still needs to return all the energy received from the Sun, but colder molecules emit less. So, the planet will go through a period when it will emit less than it should, warming the surface and the lower troposphere until the new height of emission achieves the temperature necessary to return all the energy, at which point the planet stops warming.
The GHE simply states that the temperature at the surface (Ts) is just the temperature of emission (Te) plus the lapse rate (Γ) times the height of emission (Ze).
Ts = Te + ΓZe
Held & Soden (2000) illustrated it in figure 1:
This is how the GHE actually works. An increase in CO2 means an increase in the height of emission. Since the temperature of emission must remain the same, the temperature from the surface to the new height of emission must increase. The increase is small but significant. As Held and Soden say:
“The increase in opacity due to a doubling of CO2 causes Ze to rise by ≈150 meters. This results in a reduction in the effective temperature of the emission across the tropopause by ≈(6.5K/km) (150 m) ≈1 K.”Held and Soden
So, the temperature at the surface must increase by 1K. That’s the direct warming caused by the doubling of CO2, before the feedbacks (mainly water vapor) kick in, further raising the height of emission.
This also has an interesting prediction. If the warming is due to an increase in CO2 when the increase takes place and the altitude of emission increases, the planet should emit less OLR as the new altitude is colder and a reduced OLR is the warming mechanism. Once the warming takes place, the OLR will become the same as before the GHG increase. It says so in Held and Soden’s figure 1 caption: “Note that the effective emission temperature (Te) remains unchanged.” Same Te, same OLR. So, if CO2 is responsible for the surface temperature increase, we should first expect less OLR and then the same OLR. If at any time we detect more OLR that would indicate another cause for the warming. Anything that makes the surface warmer, except GHGs, will increase the temperature of emission, increasing OLR.
So, this is the test:
– Surface warming but less or same OLR: CO2 is guilty as charged
– Surface warming and more OLR: CO2 is innocent
And the test results can be evaluated for example with Derwitte and Clerbaux 2018:
“decadal changes of the Outgoing Longwave Radiation (OLR) as measured by the Clouds and Earth’s Radiant Energy System from 2000 to 2018, the Earth Radiation Budget Experiment from 1985 to 1998, and the High-resolution Infrared Radiation Sounder from 1985 to 2018 are analyzed. The OLR has been rising since 1985, and correlates well with the rising global temperature.“Derwitte and Clerbaux 2018
CO2 is innocent. Its fingerprint is not found at the crime scene. Something else is warming the planet and causing the increase in OLR.
Your blog, “Model & the 1991 Collapse of the USSR” for me was a major thought process change. I believed in the Random Walk down Wallstreet, not any more.
The chaos model example of the Dow Jones reminds me of the migration of the starlings – link attached.
I had a pet Starling, a very smart bird, who loved my computer and even pecked on my keyboard and accidentally sent an email one time.
I have even observed butterflies flying against the wind on a windy day by navigating within the calm currents of the wind.
Thank you for showing the pattern of the market.
Ernie
REPLY: It is truly amazing but there are so many aspects within nature that confirm NOTHING is random – there is a cyclical nature to everything thing. Here are the five Brain Wave patterns. If there is no cycle in your brain – you are dead. So I am always astonished by people who do not believe in cycles and think there really is such a thing as random walks. We need those people because they are the fools who are easier to separate from their money. They love to buy the high and sell the low. Thank you very much. Keep believing it’s random and the government is really Santa Claus.
And for those flat-word folks who didn’t believe that the earth actually was in a cyclical orbit around the sun, how absurd, don’t forget to put a mask on when you drive alone or when you sleep alone make sure you also put on a condom just to be really safe.
COMMENT: Marty, I remember your 1991 conference when you said Russia looked like it would collapse by the end of the year. I think it was December 31st when Gorbachev resigned. But I also remember how we were talking about how key reversals were still reappearing but migrating to different time levels. You never talk about that today. You had said that the migration of reversals would often hint at the next crash or slingshot. That was what we got in 1991 when Russia collapsed. Do you see anything like that again?
I am glad you are still at this. You have great insight as a trader.
If Scotty wants to beam you up, please say not yet!
DZ
ANSWER: Only for you Dave. Your memory is better than an elephant’s. OMG, how black was my beard. I also had some hair back then. Yes, you are right. I probably have not written here about the strange manner in which markets do move. Yes, the USSR collapse by the end of that year. There was the August 1991 coup against Gorbachev.
The Quarterly Array back then picked the 4th quarter of 1991 and the 4th quarter of 1992. The first was a Panic breakout to the upside and the second was a Panic to the downside making the reaction low the week of October 10th, 1992. The reversals were clearly fractal in nature and key reversals will reappear and migrate through the various time levels. That was something which was very fascinating. I promise I will find the time to express more detail on that phenomenon. It was indeed another aspect that the model revealed that I never expected. There is such a hidden order that lies behind the mask of randomness.
People who talk about random walks are simply incapable of forecasting for they cannot see the order behind what they think is chaos. Just as Einstein said, he cannot believe that God plays dice with the universe. I discovered the same thing when it comes to market activity. There is no such thing as random walks. There is a secret order to everything.
When I went to economics class, they said there was a business cycle but it is not regular and cannot be predicted because it was random. Then I went to physics class and they said nothing is random. I came to the conclusion someone was lying. It turned out to be the economics professor. Larry Summers still maintains that view. Hence, economists can manipulate society if it is random – not predetermined.
In plotting what Lorenz thought was random weather data, what emerged was a hidden order that we could not see otherwise. This even disproves the entire nonsense of Climate Change. It has always changed and there is a pattern to the movement – it is not random and we have not altered the climate cycle. Again, it is the same type of people who cannot see the patterns in markets so they say it is a random walk.
I ran markets through our Chaos models and patterns of regularity emerged – not random walks. Again, there is far more order to markets and that is why personal opinions will never cut it when we are trying to forecast the future.
I have on my bucket list to do the next book on the ECM – my gift to posterity. Hopefully, one-day people will wake up and understand that there is a hidden order to everything – NOTHING is ever random. When the USSR collapsed, the capital again fled to the USA in the face of a new level of uncertainty. The New Yorker ran the article on me in 2009 and called it – The Secret Cycle.
The picture below is a good visual example of what those that want to rule us i.e. Klaus Schwab, Bill Gates, George Soros, Barack Obama and yes even Anthony Fauci would like it to be. I do not, for one second, think this is an exaggeration.
Obviously, this is not a picture that any one that is not a multi billionaire would want to experience but there is one person on the planet that demands that this is what our future will be. That person is Klaus Schwab the creator of the World Economic Form (WEF). So what is the WEF? The WEF is an international non-government organization (NGO) founded by Klaus Schwab on January 24, 1971and located in Switzerland. The stated goal is to improving the status of the entire world. This is accomplished by training potential Global leaders on how best to rule the world and conducting an annual meeting in Davos Switzerland.
Schwab’s goal is to have every country on the planet be a member of the United Nations (UN) and relinquish their sovereignty to the UN. The UN would then after this was achieved be run by the unelected people that Schwab has trained in his Young Leaders program; comprising tens of thousands of people today. Most of the international corporations and governments are now run by these Schwab people.
His programs can be found in two books he wrote; The Fourth Industrial Revolution published in 2016 and COVID-19: The Great Reset published in 2020. The core of Schwab’s vision is a modification of the theories of Karl Marx undated to the modern world. The basic essence of Schwab’s vision can be derived from the work of Patrick M. Woods in his book Technocracy Rising The Trojan House of Global Transformation published in 2015.
Schwab is not an uneducated man; and and has multiple degrees. And like many men of his intellect he dreams of creating the perfect world, written about for the first time by Thomas More in his book Utopia published in 1516. Since then others have tried to find the way to accomplish the lofty goal with that last serious attempt by Karl Marx in his works Capital Volumes I, II and III resulting in the deaths of hundreds of millions in the twentieth century mostly in Russia and China which all failed.
The current attempt by Schwab in creating this elusive goal of a Utopia is The Great Reset and Build Back Better program; which has been adopted by most of the countries in Western Civilization. The Great Reset was started with the planned introduction of the COVID-19 pandemic. Yes I did say planned and the two men responsible for it were Bill Gates and Anthony Fauci. The prove of it in all the initial planning for a pandemic and the work of Fauci in creating the virus (COVID-19) as identified in the book publish by Robert F. Kennedy Jr. The Real Anthony Fauci. Gates, from a family of hard core Eugenic promoters, masterminded his reduction of the world population in the late 1990’s or early 2000’s by adopting the Global Warming narrative developed by the Environmental crowd of Marxists after they took over the movement from the real scientists looking at the real environmental issues.
Patrick Moore one of the founders of Green Peace was drummed out when that changed accrued and is the only one left from that movement that truly understands what happened and how the Climate change narrative has no basis in fact as you can read about in his book Confessions of a Greenpeace Dropout. There is absolutely no truth in the current narrative that Carbon dioxide is a Clear and Present Danger to the world and must be eliminated. There is actually solid scientific evidence that Carbon dioxide is “not” a Clear and Present Danger to us or the planet.
What Schwab and Gates have done is combine the views of both of men into one master program that will be discussed in Part Two.
MiningWatch Canada is estimating that 3 billion tons of mined metals and minerals will be needed to power the energy transition. All of this nonsense for climate change means that mining for minerals will escalate dramatically. There will be an incredible expansion in the mining industry for six critical minerals: lithium, graphite, copper, cobalt, nickel, and rare earth minerals. What is really just insane is that even if this green energy were to last, over the next 30 years, we will have to increase the production of these minerals consuming more that all the past generations combined. Our What-If models project copper at 9-10 by 2028 shutting down fossil fuels.
Posted originally on the CTH on February 9, 2023 | Sundance
Hopes are fading amid the rescue and recovery workers in the aftermath of the horrific earthquake that hit southern Turkey and northern Syria. Reuters is providing an update on the devastation in the region. The scale of the impact is widespread and devastating as even more recovery workers continue arriving.
ANTAKYA, Turkey/JANDARIS, Syria, Feb 9, (Reuters) – Cold, hunger and despair gripped hundreds of thousands of people left homeless after the earthquakes that struck Turkey and Syria three days ago as the death toll passed 20,000 on Thursday.
The rescue of a 2-year-old boy after 79 hours trapped in the rubble of a collapsed building in Hatay, Turkey, and several other people raised spirits among weary search crews. But hopes were fading that many more would be found alive in the ruins of towns and cities.
[…] Hundreds of thousands of people in both countries have been left homeless in the middle of winter. Many have camped out in makeshift shelters in supermarket car parks, mosques, roadsides or amid the ruins, often desperate for food, water and heat.
[…] Authorities say some 6,500 buildings in Turkey collapsed and countless more were damaged.
The death toll in Turkey rose to 17,406, Health Minister Fahrettin Koca said. In Syria, already devastated by nearly 12 years of civil war, more than 3,300 people have died, according to the government and a rescue service in the rebel-held northwest.
In the devastated Syrian town of Jandaris, Ibrahim Khalil Menkaween walked in the rubble-strewn streets clutching a white body bag. He said he had lost seven members of his family, including his wife and two of his brothers.
“I’m holding this bag for when they bring out my brother, and my brother’s young son, and both of their wives, so we can pack them in bags,” he said. “The situation is very bad. And there is no aid.”
Turkish officials say some 13.5 million people were affected in an area spanning roughly 450 km (280 miles) from Adana in the west to Diyarbakir in the east. In Syria, people were killed as far south as Hama, 250 km from the epicentre.
Rescue crews looked for survivors at the site of a collapsed building in the dark in the city of Adiyaman with temperatures below freezing, Turkish broadcasters showed.
[…] There were still some signs of hope.
A 2-year-old boy was picked out of the rubble by a Romanian and Polish rescue team in Hatay 79 hours after the earthquake, video released by Turkey’s Humanitarian Relief Foundation (IHH) on Thursday showed.
The boy, wearing a blue, white and black striped sweater, cried as he was gently lifted from the hole where he had been trapped. He was carried away on a blanket. No other details were immediately available.
Another video from IHH showed a helmeted and dust-streaked rescuer weeping with emotion after successfully freeing a little girl from the rubble of a collapsed building in Kahramanmaras. (read more)
All-powerful Father, as we see all of the destruction caused by this natural disaster, we mourn for all that has been lost and the fragility of this life.
Lord God of mercy, please comfort those who have lost somebody they love, and those who are yet still searching. Give them comfort and peace.
Heavenly Father, be a protective wing for those who have survived, but lost their home. Grant the men, women and children the needed fortitude and assistance they need to recover and rebuild. Show me how best to pray for their needs and guide my prayer.
Lord God of all creation, be strong with directed purpose for those whose job it is to search through the rubble for those lost. Give them endurance and strength as they complete their responsibilities.
God of comfort and mercy, help us come together as one body in You during this time of tragedy.
You are the redeemer, the source of all strength and courage, please provide us with reassurance, humanity and faith.
In Your holy and merciful name, we humbly kneel and pray.
The Double Earthquake that hit Turkey & Syria has been extraordinary. The first quake was a 7.8 magnitude sticking in southeastern Turkey and northwestern Syria early Monday morning local time. Then 9 hours later, a second quake, which recorded a magnitude of 7.5, struck hard. Both countries have witnessed the devastating aftermath as rescue workers on the ground are reporting that nearly 12,000 people have been killed as a result of the quakes, and tens of thousands more have been injured. Thousands of buildings have also been reduced to rubble.
This region is prone to these major DOUBLE earthquakes. Overall, since the major earthquake of 17AD that was so created a financial panic in Rome and forced Emperor Tiberius to issue these coins noting that they were for the relief of that region, there have been 81 major earthquakes. There have been many double earthquakes and the previous was in 2017 June 12th and July 21st. Before that in 2011, there was a Double Earthquake on the 23rd of October and then on November 9th.
What is unusual this time is the time differential was only 9 hours rather than days. This raises the concern that this event may not be over just yet.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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