Defkalion Press Conference in Athens Introduces Rossi Energy Catalyzer

Source: Infinite Energy Magazine
Date: 6/27/2011
by: Marianne Macy

Editor's note: The press conference was last week (June 23, 2011), but since Defkalion Green Technologies is a Greek company the direct reporting was in Greek. Here is a recently published article in English concerning the business aspect of Andrea Rossi and Sergio Focardi's groundbreaking cold fusion device, the E-CAT (Energy Catalyzer).
Defkalion Press Conference in Athens Introduces Rossi Energy Catalyzer

A Nobel Laureate speaks out on the Energy Catalyzer

Source: Cold Fusion Now
Date: June 22, 2011
by: Ivy Matt

Dr. Brian Josephson, winner of the 1973 Nobel Prize in Physics for his work on superconductivity, has recently released a YouTube video of an interview of himself conducted by Judith Driscoll, Professor of Materials Science at Cambridge University.

Dr. Brian Josephson, winner of the 1973 Nobel Prize in Physics for his work on superconductivity, has recently released a YouTube video of an interview of himself conducted by Judith Driscoll, Professor of Materials Science at Cambridge University. The stated purpose of the video is to wake up the media to the E-Cat story, which has not been widely reported on in the mainstream media of the English-speaking world. While some cold fusion advocates hypothesize the existence of a conspiracy of silence to suppress news with such important implications, Josephson suggests the silence is more due to an unwillingness of the traditional media outlets (both general and scientific) to risk appearing credulous by simply reporting on the story.

...
Read full article here

Mark Fisher Speculates: Someone in IEA Leaked News of Strategic Petroleum Reserves Release Yesterday

Source: CNBC (I extracted the Mark Fisher portion of the interview with David Faber and Gary Kaminsky)
Date: Thursday, 23 Jun 2011 | 1:52 PM ET

This is a very insightful interview. Mark Fisher, the world's biggest and most successful independent oil trader, drops a bombshell. Fisher believes that the announcement that the IEA (International Energy Agency) would be releasing 60 million barrels of oil (e.g. 28 countries coordinating to sell off some of their Strategic Petroleum Reserves) was leaked yesterday by someone in the IEA due to suspicious price action. Obviously, if someone in the IEA really did leak this news to cronies outside the agency and they benefited from the insider information it is a crime.

Speaking of crimes, is it good or bad for governments or central banks (or any group of companies or individuals) to engage in overt or covert price manipulation? In the business world, if a group of different companies were to conspire to fix prices, it would be considered racketeering, which is a crime and against anti-trust laws. Is not market manipulation a form of price fixing?

Read CNBC article here and for first part of video

Defkalion Green Technologies to Make Cold Fusion Related Announcement Thursday, June 23, 2011

Recently, Defkalion Green Technologies, the company with an exclusive license to deploy the Andrea Rossi E-CAT (Energy Catalyzer) cold fusion technology in Europe notified reporters of an impending press conference.  Here is the invitation letter as it appears on Daniele Passerini's website Ventidue passi d'amore è dintorni (22passi.blogspot.com):

Dear Daniele,

Defkalion Green Technologies s.a. cordially invites you to attend its press conference to announce a technological breakthrough in energy with exclusive rights to Greece.

Kind Regards,

Symeon Tsalikoglou

Press Conference

Invitation

GREECE's ANSWER TO THE INTERNATIONAL CRISIS

HYDROGEN & NICKEL EXOTHERMIC REACTION

CHEAP, CLEAN & GREEN ENERGY

Thursday 23rd June, 2011

[omissis]

RSVP: [omissis]                                                A Reception will follow

Today, there is great pessimism regarding the future energy needs of our planet. Energy will soon become universally cheap, clean and readily usable.

Andrea Rossi and Sergio Focardi have discovered and patented a technology that will change the world’s energy field. This technology will be made commercially available by Defkalion Green Technologies s.a., a Greek company.

By combining Hydrogen and Nickel to create an exothermic reaction (at room temperatures and in a device that can be safely placed in households and also industry) heat is emitted on a 24-hour basis. This energy is produced at a fraction of the cost in comparison to currently available energy sources, it is clean and totally green. Furthermore, using conventional, readily available third-party technologies, the heat can also be used to produce electricity.

Defkalion Green Technologies s.a. has secured exclusive distribution rights for the entire world, except for the USA and military applications. It will start production and first distribution of its products from its factory in Xanthi for the Greek and Balkan markets, initially. Two more factories are scheduled within 2012. International sales are already strong in demand, which will spur exports.

Suffice to say, that Greece possesses 83% of Europe’s Nickel deposits, a key strategic consideration. Furthermore, at this time of the global financial crisis, Greece is faced with a golden opportunity to become energy self-sufficient, gain in employment in one of its most underdeveloped regions, as well as become a technological leader in this new scientific field.

The press conference will comprise of undisclosed to-date information relating the technology’s commercial and industrial applications, the company’s strategic placements, as well as commercial issues that are of interest not only to Defkalion’s future customers, but also to the political society of our country. It goes without saying that such an important development also possesses a strong international dimension in many aspects.

Sincerely, 

Defkalion Green Technologies s.a.

If you have been following the news on Greece, they are currently facing political and economic turmoil, as the Greek people protest their government and the austerity measures implemented to qualify for EU/IMF bailout loans.  The European sovereign debt crisis is a recurring theme which first became of concern in late 2009 when there were worries Greece, Portugal and Ireland would default.  The crisis resurfaced in May and June of 2010 and has now reared its ugly head again.  Today the Prime Minister of Greece George Papandreou faces a no-confidence vote in the Greek Parliament at midnight, Greece time (Tuesday, June 21 5 PM EST), which is one of the hurdles that must be overcome in order for Greece to receive bailout loans from the EU/IMF, and other entities.

How did a small Greek company get the rights to distribute this groundbreaking technology in all of Europe?  Here is the background.  The Vice President of Defkalion Green Technologies, Professor Christos Stremmenos, is the man responsible for bringing cold fusion to Greece.  Christos Stremmenos is both a scientist who has done his own research and experiments with cold fusion and a former Greek ambassador to Italy.  Professor Stremmenos at one point had moved to Italy to marry an Italian woman and teach at the University of Bologna, which is where he met experimental physicist Sergio Focardi, friend and business partner to Andrea Rossi (holder of the E-CAT patents and creator of the secret catalysts which make cold fusion possible).  Professor Stremmenos worked with the Greek government in order to set up the €200 million Defkalion factory in Xanthi, Greece which will manufacture the cold fusion E-CAT devices starting in 2012.  Per Swedish publication NY Teknik the factory has the capacity to produce 300,000 E-CATs a year with the first year targeting 40,000 units.  Note that Professor Stremmenos, is a personal friend of George Papandreou, the Prime Minister of Greece, and did relay information to his old friend regarding developments in cold fusion.  Apparently Papandreou expressed some enthusiasm/belief in the idea at the time of the disclosure. [1]  Quoting from the English translation/transcript of the Christos Stremmenos interview by Italian radio program Città del Capo:

...

I just wanted to ask you something like this, seeing that you also have a past experience as a diplomatic representative in Italy; so, as to your specific role. You were active with the Greek Government to further the experimentation of this plant. … What is your role?

I understand your question, Doctor [laughs]. This thing, well it’s like with old loves. When I retired, I wanted to set up my own lab and quietly continue my research. But I did inform George Papandreou, the current Prime Minister, who at the time was President of PASOK. In the Convention which elected him, there were these commissions working on various aspects of the Greek economy. These were supposed to lay down the most favoured Party’s platform for government. So I told him, “George, look” — I explained — “I’m still working on this”. So at the Convention he says: “You know, I believe in this thing too, but who knows when it will come about” “I don’t know”, I said, “ truth and fate we haven’t got, but we must support and pursue this line”.

This is why, George Papandreou … Focardi phoned me a couple of years ago: “Listen Christos, the quality leap has come. Rossi has found a way to …” “But did you measure the ...?” “Yes, I took the measurements myself and I have seen the input energy amplified 200 times, and that’s not all...”. I didn’t know Rossi at the time, because he was in the US. “That’s not all”, he said, “I am witness to the fact that Eon, over there near Ferrara, what’s the place called...[1]

...

Could cold fusion save the Greek economy?  Not in the very short term.  Greece's short term survival is based on political concerns and getting legislation passed to meet requirements for getting bailout loans.  The people of Greece are not happy, which is due to cuts in social services, government jobs and apprehension about forced privatization.  Riots on the streets, strikes and power blackouts are the result.  Cold fusion should, however, make a revolutionary impact in the long term in both Greece and the rest of the world and I tend to agree with the optimism expressed in the press conference invitation letter.

In closing I will leave you with another quote from the Stremmenos interview with Città del Capo:

...

So this could be very important for a country like Greece, which lately has had very big economic problems, social tensions … it could also be an important development ...

That's right, we will see this later. With extreme caution, we need to do things right. It applies not only to Greece ... this thing is for the whole planet, if developed properly, so as not to succumb through the marketing of the oil companies and all the others.

With other forms of renewable, alternative energy, I believe that there can be a fairly constructive coexistence. It is clear that the problem is that we must eliminate carbon dioxide from this planet. Climate change is not an opinion, not a scientific verdict, it is a reality that we live day by day, so we have to work on it. As for the question why both Rossi and Focardi have convinced themselves that Greece is a suitable country: it’s because we do not have primary energy sources outside of hydropower. And lignite of course, but there isn’t a more polluting fuel than that ...[1]

...

Sources:
[1] Stremmenos: "cold fusion will solve many problems of humanity", Radio Città del Capo, Bologna, Italy with English translation provided by Ventidue passi d'amore è dintorni

$6 billion hedge fund bets on 40% crash in SP500

RT News reporter Lucy Kafanov interviews Courtney Comstock of Business Insider regarding the bearish positioning of the $6 billion Universa hedge fund which has a steep $50 million minimum investment to get in:

The fund manager of Universa is Mark Spitznagel, the protege of Nassim Taleb, author of "The Black Swan".  Mr. Spitznagel is also a follower of Ludwig von Mises. I have noticed many von Mises economists (such as Peter Schiff) have a pretty bleak outlook and predictions for the U.S. economy or dollar.  Notice that there appears to be some real fear/apprehension on the part of the reporters as they contemplate, "What if Mark Spitznagel is right?"  I do not blame them.

For further details, read Meet Mark Spitznagel: The Hedge Fund Manager Betting $6 Billion On A Doomsday Scenario from Business Insider.

E-cat business: Greek investors remain secret

Source: NY Technik
Date: June 10, 2011
by: Mats Lewan

Ny Teknik has investigated the Greek company that supposedly will be the first in Europe to produce the ‘energy catalyzer’, invented by Andrea Rossi. The plan is to start production in 2012, but the investors are still secret.

(Swedish version here).   With the energy catalyzer – the device that seems to generate energy from an unknown nuclear reaction – the inventor Andrea Rossi is aiming to sell electricity for about one cent per kilowatt hour. It is as cheap as the cost of production for today’s cheapest electricity – existing hydropower. Furthermore heat energy from the energy catalyzer will supposedly cost only 0.3 cents per kilowatt hour. ... Read full article here

Klicka för större bild Andrea Rossi Foto: Mats Lewan

Japanese government props up ailing TEPCO utility

Date: 6/14/2011 published
by: Jason Chan

Shorts got an unpleasant surprise yesterday (June 13, 2011) as TEPCO shares spiked up 25% after news that the Japanese government approved a disaster compensation bill which would help TEPCO pay compensation to victims of the Fukushima Daiichi nuclear disaster.  In addition, the Tokyo Stock Exchange raised margin requirements which discourages short selling of TEPCO. [1]

As we have seen from other examples, margin rule requirements when implemented can cause drastic changes in the previous direction of stocks or commodities.  For example the recent silver crash is due primarily to aggressive margin hikes on the part of the CME (Chicago Mercantile Exchange).   Due to the timing of news from both the Japanese government and Tokyo Stock Exchange margin hike on short selling TEPCO stock (both being released on the same day), one might wonder if there were not some form of coordinated activity between the Japanese government and the Tokyo Stock Exchange in order to artificially prop up the TEPCO stock.  Note that this is just speculation and not what the text of the Bloomberg article I am referencing says.  In the case of the CME (Chicago Mercantile Exchange) the aggressive margin hikes recently on silver also seemed a little suspicious and in this case I also wondered if there were not perhaps some form of communication or coordinated activity with another entity (or entities) with a vested interest in keeping the price of silver down.  I will let you guess who I mean.  The official story in both the case of the Tokyo Stock Exchange or CME for why they increased their margin requirements is that their mathematical risk management model has been triggered and margins are hiked in a robotic fashion in response.  I am not sure if I personally buy that line.

Source:
[1] Tokyo Electric Jumps by Record 25% After Short Sale, Margin Rule Changes, Bloomberg

Bank of America Assets Seized by Couple Who Were Fraudulently Foreclosed Upon

Bank of America tried to foreclose on a couple who paid cash in full for their property (e.g. a fraudulent foreclosure as they never had a mortgage to begin with).  The couple gets revenge by seizing Bank of America's assets when the bank failed to pay their court costs as ordered by the court.

Professor Yang Yang and his team of student researchers develop plastic solar cells in the hopes of using the technology in many practical applications

Source: University of California, Los Angeles: Daily Bruin
Date: May 18, 2011, 12:58 am
by: DANIEL MORIZONO

Inside the Yang laboratories, one student places a solar cell under a sunlight simulator, a device that reproduces natural sunlight. After a few seconds, he is able to determine how well the cell transforms the sun’s energy into electricity. He is one of several dozen researchers conducting research in the field of organic solar cells under materials science and engineering Professor Yang Yang.	Lexy Atmore
While most solar panels are made from silicon, which increases manufacturing costs, Yang and his researchers focus on developing solar cells from organic photovoltaic technology, which uses plastic in place of metal.	Professor Yang Yang of the Materials Science Department recently developed new solar panel technology using certain chemical compounds.

This UCLA technology is now used by Solarmer, a solar energy company that houses a number of Yang’s research group.
...
Read full article here

Cold Fusion #1 Claims NASA Chief

Source: PESN (Pure Energy Systems Network)
Date: May 31, 2011
by: Hank Mills

A Chief NASA scientist, Dennis Bushnell has came out in support of Andrea Rossi's E-Cat technology, but denies any type of nuclear fusion is taking place, saying it is probably beta decay per the Widom Larson Theory. Repackaging the terminology to avoid embarrassment will not erase over twenty years of suppression and the reality of cold fusion!

Dennis Bushnell is a Chief scientist at NASA Langley Research Center in Hampton, Virginia. He is also an inventor, author, and has been a consultant to countless government and military agencies. A few of these include the DOD, Air Force, DARPA, and the NRC. To read a more complete summary of his background, a good review can be found here. Recently, he was interviewed during an EV World podcast.

Dennis Bushnell; Source: NASA

During the show, he addressed what he called "Low Energy Nuclear Reactions" as being the most interesting and promising alternative energy technology being developed. In fact, it was first on his list, ahead of salt water agriculture, cyanobacteria, energy conservation, geothermal power, nano-plastic solar panels, solar thermal concentrators, and high altitude wind power. 

"The most interesting and promising [technology sector] at this point ... [is] low energy nuclear reactions."

Bushnell went on to say that LENR technology could potentially solve all of our energy and climate problems. He stated the technology could be used for any application, including to power rockets for space travel. It is quite refreshing to hear such positive statements, in support of cold fusion, from a mainstream, credible, and respected scientist!

Actually, I cannot think of any other scientist off the top of my head, that I would have rather made a statement in support of LENR (cold fusion). His extensive scientific background, career history, and status as a Chief NASA scientist make his supportive statements very significant. Hopefully, they will inspire other scientists to take LENR research seriously! I would like to hear a naysayer like Bob Park (who has attacked cold fusion researchers for 20 years) try to criticize him for his comments.

During the interview, Bushnell specifically mentioned Andrea Rossi's E-Cat (Energy Catalyzer) technology, and seemed very supportive of it. He reviewed the tests that have been performed and the large amount of excess heat produced. At one point he made a remark scientists across the world should notice...

"I think we are almost over the "we do not understand it" problem. I think we are almost over the "this does not produce anything useful" problem. I think this will go forward fairly rapidly now. If it does, this is capable of, by itself, completely changing geo-economics, geo-politics, and solving climate issues."

Despite his positive statements about LENR, he also made a few statements that indicate his lack of ability to admit that nuclear fusion at low temperatures could be a reality. He stated that all of the so called, "cold fusion" experiments performed over the last twenty years did not produce fusion reactions. His position is that they produced energy via a process called "Widom Larsen" theory, that does not involve fusion at all, but only "beta decay."
...
Read full article here

Central Bank economists always propagate lies about how the economy works so the masses never learn how they control the economy

Source: SmartKnowledgeU
Date: Wednesday, June 1, 2011 at 9:42am
by: J.S. Kim

I’m so sick of bogus articles like this one that constantly run in newspapers where you have Finance Ministers of countries or economists of Central Banks that say you need complex computer algorithms and models to predict the bursting of bubbles in the Real Estate market or the Stock Market and that these “rare events” are so complicated that nobody can predict when such events are going to happen. (http://www.bloomberg.com/news/2011-05-31/fed-s-u-s-research-division-director-david-stockton-to-retire-sept-30.html )  What a load of PURE 100% RUBBISH!

The Central Banks create the bubbles and then they burst them. If no one can predict them, then why are there always a handful of INDEPENDENT, NON-BANKING AFFILIATED analysts that ALWAYS predict these crashes right before they happen? And why are none of the banking shill economists ever among these handful of people? I even predicted the US stock market crash on April 23, 2008 just 18 days before it happened here http://seekingalpha.com/article/73540-will-u-s-markets-crash-now-or-later

There ought to be financial journalists dedicated to just de-bunking the thousands of articles that contain the deception, lies, and propaganda put forth by Central Bankers in newspapers every day! Former US Federal Reserve Vice Chairman Alan Blinder even said,

"the last duty of a Central Banker is to tell the public the truth"

and Central Bankers constantly engage the media to perpetually tell lies to the people about how they control the economic cycle and how easy it is to predict based upon their deliberate mismanagement of fiat monetary policy to deliberately create crises.

Note: Click here for SmartKnowledgeU FaceBook page, which always contains insightful articles or posts by J.S. Kim.

Investment Idea: Pre-Fukushima Sake and Shochu

Source: Washington's Blog
Date: Tuesday, May 31, 2011

What should we invest in?
Given the extreme uncertainty in the investing environment, and given that housing, employment and wages, and some of the other fundamental economic measures are flashing warning signs, this is not a simple question.
Inflation
I have written thousands of essays examining the great inflation versus deflation debate (here's the latest). I can see both sides of the argument, as well as arguments for inflation and deflation at the same time. And see this essay by Shah Gilani on Chinese inflation.
If you believe that hyperinflation is in our future, then you might want to hear what PhD economist John Williams suggested in 2009:

Williams is advising people to stock up on gold and booze to bargain with once the hyperinflation makes dollars worthless:

“Three or four years into the future I think we could be in a hyperinflation, within the current year you’re going to see much higher inflation than most people are looking at,” Williams told MarketWatch.

Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.

“This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it,” he added, advising that people buy physical gold and assets other than the U.S. dollar.

“Then when the hyperinflation hits you’ll see disruption of normal commerce, you won’t have enough $100 dollar bills to buy what you want,” said Williams, adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.

...
Read full article here