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US Follows Greece in Default

Is the USA next in line for debt default?

In an interview hosted by Matt Welch, radio host and economic / investment expert Peter Schiff warns of the indicators found in the US economy and how they are going to take us down the same road as Greece who has recently teetered on the brink of being ejected from the European Union and facing financial collapse, "What's happening in Greece and what's happening in Puerto Rico is going to happen in the United States," 

Peter Schiff, CEO of Euro Pacific Capital notes, "Once the Greek creditors began to question the solvency of Greece they demanded higher interest rates. The minute our creditors figure out we are in the same position as Greece or Puerto Rico, they're going to demand higher interest rate from us and we can't pay either."




When people discuss default, this is what it means - that we are not able to service the interest rate on the debt that we have outstanding and that we are not able to pay creditors who have 'loaned' us the money that we borrow. It is interesting to note that Quantitative Easing was the process of printing money for the purpose of buying our own Treasury Notes. In other words, it is like spending money on your Visa, then going home and printing money so that you can borrow more. The problem with the analogy is that in our economy, we do not pay the debt down, we only accumulate more.

Further, we have enjoyed world currency status meaning that our cash is good everywhere and is used as the primary currency in the world. This is true because it is the primary currency used to purchase oil. We have abused that power though and it is not a matter of if, but a matter of when the world will no longer tolerate our abuses. With a debt ratio of more than 100% compared to the GDP, if any other nation were were in this situation, there would not be any question that we would be forced into default.

Add to that artificially low interest rates and you have a recipe for disaster. Many do not correlate the interest rate of 0 and our ability to service our national debt. Right now we can make payments but what happens when interest rates go to even 3%, which is still extremely low? Then we have to pay much more to service the nearly $20 trillion we have in liquid debt (not even overall debt). That number becomes astronomical.

The Feds have been able to keep these rates down by printing more money and they are under the misguided belief that they can control the interest rates we pay, but there is a stark reality awaiting the policy makers. There is a point where pressure for interest rates to rise exceeds the ability for Feds to contain it and, just like the housing collapse, the more you keep the lid on pressure, the more that pressure builds and the bigger the explosion.

This is a great video interview lasting about 3 1/2 minutes.

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You Speak, We Listen – News Services

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Remember, we are starting from humble beginnings, but we have large dreams. You see, we understand that it is all interconnected but ever elusive. If you have tried other news services, you have tried finding sources of information before they affect the market, we can all but guarantee that you have not been able to find a reliable source of trend making news.




Want to know why you have not been able to find it? Because it doesn't exist. Then you ask, "Where do those people at the top get their information and how do they get it before the rest of us?" The answer to this is really simple and yet really complex. If you have a boatload of money that you are playing in the market, you most likely have a team of individuals scouring events and potential market moving pieces of information. That is the easy part.

How does that information become predictive news? Here is where it gets tricky and this is the niche we fill. From all of the data floating around in the ethersphere (it is in our dictionary), you have to pick the pieces that have potential and once you find those then you have to make inferences based on corroborating evidence. So really, how the big dollar players make money from the news is that they infer the news prior to it happening. That is the secret that keeps Wall Street rigged in favor of the big guys. This is called by many names but Market Intelligence fits it best.

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Predictive News

Different from the concept of Trending News, Predictive News is ten steps past the normal news that we all hear when it is too late and already priced into the market. Predictive News is just that, the ability to take information and turn it into actionable market intelligence. It is the building of inference around events and related environmental landscape.

When you are in charge of a massive hedge fund or if you are the private banker for $M and $B accounts, you had better have the ability to take information and turn it into positive action with constant upward pressure on the net balance sheet. How do they do this? Is it magic? Not at all. It is the ability to couple opportunity with positive market influence.




Predictive News doesn't just happen. You have to have a perfect storm of data combined with landscape events and then you have to be able to infer the outcome or impact from the combination. The ability to do that comes from experience and having an in-depth understanding of how these two influencing factors work together. So what happens when

How do you determine the direction of a particular stock or even the market? By not looking at the stock or the market, but at what influences them as a whole.

TownSpeaks Trends and Trend Analytics

Trending News

There is news. Then there is trending news.

Predictive News is the process of combining events with the landscape and climate of economics, politics, consumer sentiment and more to develop insight into the impact this news will have on a stock or the direction of a currency - any number of specific targets where news will have an effect on an outcome. Further, Predictive News is projected, not historical.

Trending News is on the other side of the equation. Where Predictive News portends events and their impact in a current environment, Trending News determines the pervasiveness and depth of information on an outcome. The purpose of this segmentation is to understand how news, first of all, is factored into the market, but just as importantly, how much the market will move based on the news.




The stock market is just one example but it provides a picture we can all understand. We have all wondered how big money plays on the news in the market place and we have all wondered about their 'secret' source of news and how they get to it before it gets priced into a stock so that they can make their play and make money while the rest of the people are left holding the bag. The short answer is that they don't. Big money managers use the concept of Predictive News to identify potential movers and Trending News to understand the depth of the move.

What is the significance of Trending News? Going back to our stock example, understanding the depth of news or new information on our stock or our market tells us when we can expect a reversal of direction, either as a correction or a new trend. Remember, just like the stock market, everything in life is cyclical so while we enjoy a trend, we have to be ready for the trend to stop and reverse or we have to have an idea that the trend will continue. This is the impact of Trending News.

These are terms that we have phrased but they can be identified by any number of idioms depending on the people behind the money. Predictive News and Trending News are both the result of experienced research and intelligent monitoring. That is what we do and where our newsletter will be focused - providing you with Predictive News associations and Trending News research.

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Mesothelioma Signs and Symptoms

It can take as much as 20 to 50 years or more for mesothelioma signs and symptoms to appear after exposure to asbestos. Shortness of breath, cough, and pain in the chest due to an accumulation of fluid in the pleural space (pleural effusion) are often symptoms of pleural mesothelioma.[4]

Other peritoneal mesothelioma signs and symptoms include weight loss and cachexia, abdominal swelling and pain due to ascites (a buildup of fluid in the abdominal cavity). Other symptoms of peritoneal mesothelioma may include bowel obstruction, blood clotting abnormalities, anemia, and fever. If the cancer has spread beyond the mesothelium to other parts of the body, symptoms may include pain, trouble swallowing, or swelling of the neck or face.




These symptoms may be caused by mesothelioma or by other, less serious conditions.

Mesothelioma that affects the pleura can cause these signs and symptoms:[4]

   Chest wall pain

   Pleural effusion, or fluid surrounding the lung

   Shortness of breath

   Fatigue or anemia

   Wheezing, hoarseness, or cough

   Blood in the sputum (fluid) coughed up (hemoptysis)

In severe cases, the person may have many tumor masses. The individual may develop a pneumothorax, or collapse of the lung. The disease may metastasize, or spread to other parts of the body.

Tumors that affect the abdominal cavity often do not cause symptoms until they are at a late stage. Symptoms include:

   Abdominal pain

   Ascites, or an abnormal buildup of fluid in the abdomen

   A mass in the abdomen

   Problems with bowel function

   Weight loss

In severe cases of the disease, the following signs and symptoms may be present:

   Blood clots in the veins, which may cause thrombophlebitis

   Disseminated intravascular coagulation, a disorder causing severe bleeding in many body organs

   Jaundice, or yellowing of the eyes and skin

   Low blood sugar level

   Pleural effusion

   Pulmonary emboli, or blood clots in the arteries of the lungs

   Severe ascites

A mesothelioma does not usually spread to the bone, brain, or adrenal glands. Pleural tumors are usually found only on one side of the lungs. If you have ever been exposed to asbestos, please keep a list of these mesothelioma signs and symptoms.

What is Mesothelioma
Mesothelioma Causes
Mesothelioma Signs and Symptoms
Mesothelioma Survival Rates

What are the Mesothelioma Causes?

Mesothelioma Causes

Working with asbestos is the major risk factor for mesothelioma.[5] In the United States, asbestos is the major cause of malignant mesothelioma[6] and has been considered "indisputably"[7] associated with the development of mesothelioma. Indeed, the relationship between asbestos and mesothelioma is so strong that many consider mesothelioma a “signal” or “sentinel” tumor.[8][9][10][11] A history of asbestos exposure exists in most cases. However, mesothelioma has been reported in some individuals without any known exposure to asbestos. In rare cases, mesothelioma has also been associated with irradiation, intrapleural thorium dioxide (Thorotrast), and inhalation of other fibrous silicates, such as erionite. Some studies suggest that simian virus 40 (SV40) may act as a cofactor in the development of mesothelioma. This has been confirmed in animal studies,[12][13] but studies in humans are inconclusive.[12][14][15]




Asbestos was known in antiquity, but it was not mined and widely used commercially until the late 19th century. Its use greatly increased during World War II. Since the early 1940s, millions of American workers have been exposed to asbestos dust. Initially, the risks associated with asbestos exposure were not publicly known. However, an increased risk of developing mesothelioma was later found among shipyard workers, people who work in asbestos mines and mills, producers of asbestos products, workers in the heating and construction industries, and other tradespeople. Today, the official position of the U.S. Occupational Safety and Health Administration (OSHA) and the U.S. EPA is that protections and "permissible exposure limits" required by U.S. regulations, while adequate to prevent most asbestos-related non-malignant disease, are not adequate to prevent or protect against asbestos-related cancers such as mesothelioma.[16] Likewise, the British Government's Health and Safety Executive (HSE) states formally that any threshold for exposure to asbestos must be at a very low level and it is widely agreed that if any such threshold does exist at all, then it cannot currently be quantified. For practical purposes, therefore, HSE assumes that no such "safe" threshold exists. Others have noted as well that there is no evidence of a threshold level below which there is no risk of mesothelioma.[17] There appears to be a linear, dose-response relationship, with increasing dose producing increasing disease.[18] Nevertheless, mesothelioma may be related to brief, low level or indirect exposures to asbestos.[7] The dose necessary for effect appears to be lower for asbestos-induced mesothelioma than for pulmonary asbestosis or lung cancer.[7] Again, there is no known safe level of exposure to asbestos as it relates to increased risk of mesothelioma.

The duration of exposure to asbestos causing mesothelioma can be short. For example, cases of mesothelioma have been documented with only 1–3 months of exposure.[19][20] People who work with asbestos wear personal protective equipment to lower their risk of exposure.

Latency, the time from first exposure to manifestation of disease, is prolonged in the case of mesothelioma. It is virtually never less than fifteen years and peaks at 30–40 years.[7] In a review of occupationally related mesothelioma cases, the median latency was 32 years.[21] Based upon the data from Peto et al., the risk of mesothelioma appears to increase to the third or fourth power from first exposure.[18]
Environmental exposures

Incidence of mesothelioma has been found to be higher in populations living near naturally occurring asbestos. For example, in central Cappadocia, Turkey, mesothelioma was causing 50% of all deaths in three small villages—Tuzköy, Karain and Sarıhıdır. Initially, this was attributed to erionite, a zeolite mineral with similar properties to asbestos. Similar "epidemics" have occurred in the past in Metsovo, (North West Greece) and other Mediterrenean countries (Cyprus, Corsica) but also as far as New Caledonia in the Pacific Ocean.[22] In all these areas, the incriminating agent was asbestos (usually tremolite used as whitewash). In Metsovo, this exposure had resulted in mesothelioma incidence around 300 times more than expected in asbestos free populations and was associated with very frequent Pleural Calcification known as "Metsovo Lung". Recently, however, detailed epidemiological investigation showed that erionite causes mesothelioma mostly in families with a genetic predisposition.[23][24] The documented presence of asbestos fibers in water supplies and food products has fostered concerns about the possible impact of long-term and, as yet, unknown exposure of the general population to these fibers.
Occupational

Exposure to asbestos fibers has been recognized as an occupational health hazard since the early 20th century. Numerous epidemiological studies have associated occupational exposure to asbestos with the development of pleural plaques, diffuse pleural thickening, asbestosis, carcinoma of the lung and larynx, gastrointestinal tumors, and diffuse malignant mesothelioma of the pleura and peritoneum. Asbestos has been widely used in many industrial products, including cement, brake linings, gaskets, roof shingles, flooring products, textiles, and insulation.

Commercial asbestos mining at Wittenoom, Western Australia, occurred between 1945 and 1966. A cohort study of miners employed at the mine reported that while no deaths occurred within the first 10 years after crocidolite exposure, 85 deaths attributable to mesothelioma had occurred by 1985. By 1994, 539 reported deaths due to mesothelioma had been reported in Western Australia.
Paraoccupational secondary exposure

Family members and others living with asbestos workers have an increased risk of developing mesothelioma, and possibly other asbestos related diseases.[25][26] This risk may be the result of exposure to asbestos dust brought home on the clothing and hair of asbestos workers. To reduce the chance of exposing family members to asbestos fibres, asbestos workers are usually required to shower and change their clothing before leaving the workplace.
Asbestos in buildings

Many building materials used in both public and domestic premises prior to the banning of asbestos may contain asbestos. Those performing renovation works or DIY activities may expose themselves to asbestos dust. In the UK use of Chrysotile asbestos was banned at the end of 1999. Brown and blue asbestos was banned in the UK around 1985. Buildings built or renovated prior to these dates may contain asbestos materials.
Genetic disposition

In a recent research carried on white American population in 2012, it was found that people with a germline mutation on their BAP1 gene are at higher risk of developing mesothelioma and uveal melanoma.[27]

What is Mesothelioma
Mesothelioma Causes
Mesothelioma Signs and Symptoms
Mesothelioma Survival Rates

Mesothelioma Survival Rates

Mesothelioma is a form a cancer with a notably poor prognosis given mesothelioma survival rates are extremely low; mesothelioma life expectancy following diagnosis ranges between eight and fourteen months. The primary reason for poor mesothelioma survival rates is the lengthy mesothelioma latency period as well as the fact that early mesothelioma symptoms are indicative of numerous other respiratory diseases as well, often delaying a correct diagnosis. While Stage 1 or stage 2 mesothelioma is often potentially curable, Stage 3 and stage 4 mesothelioma is not; such patients are often relegated to palliative treatments to relieve symptoms and restore quality of life. Early detection is the key to increasing mesothelioma survival rates.




Mesothelioma prognosis is officially determined by a standard measure known as the relative five-year survival rate. This number indicates how many patients are still alive five years after being diagnosed with the disease. Currently, the relative five-year survival rate for mesothelioma is about 10 percent, a number that is significantly higher than it was a few decades ago. The one-year survival rate has also improved throughout the last 20 years or so and now sits at approximately 40 percent. Nevertheless, overall mesothelioma survival rates remain poor.

Mesothelioma survival rate varies from patient to patient, with some patients being able to far exceed initial prognosis at diagnosis

What is Mesothelioma
Mesothelioma Causes
Mesothelioma Signs and Symptoms
Mesothelioma Survival Rates