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The Mother Of All Financial Bubbles

Will be unimaginably destructive when it bursts
Wednesday, February 22, 2017, 11:45 PM

The main lesson from Oroville -- or Fukushima, or Katrina --  is that governments do a poor job of relating accurate information to their citizens when big threats are involved. Part of that is likely due to a desire to avoid stoking fear. Part probably due to politics and bureaucracy. And part probably due to plain old incompetence.

Regardless of the cause, it means that the public -- even the vigilant ones -- suffer information deficits when it matters most. Simply put, the authorities do not share all the facts necessary for making informed decisions.

Which brings us to one of the truly great risks we're facing today. One with much more destructive potential than a single failed dam but, like Oroville, one the authorities are desperate to keep us in the dark about. » Read more

Podcast

sputnik international

Expert: What You Need To Know About The Oroville Dam Crisis

And why our entire national dam system is as vulnerable
Monday, February 13, 2017, 9:06 PM

To make sense of the fast-developing situation at California's Oroville Dam, Chris spoke today with Scott Cahill, an expert with 40 years of experience on large construction and development projects on hundreds of dams, many of them earthen embankment ones like the dam at Oroville. Scott has authored numerous white papers on dam management, he's a FEMA trainer for dam safety, and is the current owner of Watershed Services of Ohio which specializes in dam projects across the eastern US. Suffice it to say, he knows his "dam" stuff. » Read more