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A newly discovered asteroid called 2012 DA14 will pass so close to Earth in February that it might hit a communications satellite, scientists say.
"That's very unlikely, but we can't rule it out," said Paul Chodas, a planetary astronomer at NASA's Jet Propulsion Laboratory (JPL) in Pasadena, California.
Discovered several weeks ago by astronomers at the LaSagra Observatory in Spain, the asteroid is currently "a fuzzy little blob," as seen through telescopes, said Steven Chesley, also at JPL.
Astronomers estimate that the space rock is just 150 feet (45 meters) wide. But "the orbit for 2012 DA14 is currently very Earthlike, which means it will be very close to Earth on a regular basis," Chodas said.
Based on current projections, the asteroid could swing close enough to our planet to disrupt some orbiting satellites on February 15, 2013. The International Space Station, circling the planet in low-Earth orbit (about 1,200 miles/2,000 kilometers up, or closer), is in no danger, Chodas said.
However, the newfound object's orbital path is still being refined. "We don't know exactly where it is, and that uncertainty maps through to an uncertainty in the orbit and predictions," Chesley said.
For now, the astronomers aren't worried about the asteroid actually falling from the skies next winter.
Instead, 2012 DA14 could put on a show for sky-watchers as it zips past the planet.
"It might be visible to people with good binoculars or a small telescope," Chodas said. "For such a small object, that's really unusual."
Asteroid to Eventually Hit Earth?
NASA currently estimates that the likelihood of 2012 DA14 striking Earth anytime in the next several decades is 0.031 percent—a figure that will be refined after astronomers collect data on its close pass next February.
But considering the uncertainty, scientists can't rule out the possibility that the asteroid might hit Earth on a subsequent pass, including the next flyby in 2020.
Figuring out the risk will depend on precisely how close 2012 DA14 comes to Earth in February. That's because the closer it comes, the more the pull of Earth's gravity will change the asteroid's orbit, adding to the uncertainty of the predictions.
If it does hit either in 2020 or later, the asteroid is small enough that it wouldn't be a civilization-destroying hazard. Also, the rock approaches Earth from the south, making Antarctica or the Southern Ocean its most likely targets.
Still, if the asteroid were to hit land, the impact of the 140,000-ton rock would release energy equivalent to a 2.4-megaton explosion, Chodas and other NASA scientists have calculated.
That puts the space rock in the same class as the 1908 Tunguska blast, a mysterious event, likely tied to an asteroid or comet, in which hundreds of square miles of forest in Siberia were leveled. (See "A Hundred Years After Tunguska, Earth Not Ready for Meteors.")
If the asteroid were to strike the ocean, Chodas added, it would produce a tsunami, although "it probably wouldn't be big."
We're "On Top of It"
In general, the upcoming 2013 flyby "is an ideal opportunity to study one of these objects in unprecedented detail and gain scientific as well as practical info, in case we ever have to deflect it," Humberto Campins, an asteroid specialist at the University of Central Florida, said by email.
The fact Morgan Stanley was the lead banker on the Facebook IPO should have set off alarm bells for investors in the NASDAQ casino. The deal had SUCKER’S BET spray-painted all over it. But like the infamous dot-com bubble and any other number of pump and dump schemes rolled out by the banksters, the Facebook IPO was designed to enrich a small number of insiders like Goldman Sachs and take the clueless horde on the outside to the cleaners.
Even cynical observers are willing to give the trendy stock time to “perform” when it is obvious the Facebook “offering” is simply more toxic waste proffered by people who specialize in multi-billion dollar scams and snake oil tours.
“Maybe I am a grouch,” writes the New Yorker’s John Cassidy. “But it all sounds suspiciously like an inside job, in which the last ones in, the ordinary investors, are the saps. At the very least, this entire issue is something that the authorities – the S.E.C., but also the Nasdaq and other stock exchanges – should be looking at closely.”
The SEC is clueless and was designed to be so. It is blind to financial derivatives and has strict orders to leave the Big Boys alone to do as they please. It took the SEC a full nine years to respond to the stench of Bernie Madoff’s Ponzi scheme. Facebook is not even on its radar screen.
Back in 1988 an unconstitutional presidential executive order irrevocably tied the SEC to the Treasury and its boss, the Federal Reserve. The blinders became even more restrictive for the hand-picked commissioners who twiddle and twaddle as the banksters deconstruct the economy.
MarketWatch wrote the following as the Facebook IPO was unveiled:
The list of insiders — including angel investor Peter Thiel, the venture-capital firm Accel Partners, Goldman Sachs Group Inc. and Tiger Global Management — reads like a who’s who list of savvy tech investors.
In other words, the “savvy tech investors” are banksters and spooks. Matt Greenop wrote back in 2007:
Facebook’s first round of venture capital funding ($500,000) came from former Paypal CEO Peter Thiel. Author of anti-multicultural tome ‘The Diversity Myth’, he is also on the board of radical conservative group VanguardPAC.
The second round of funding into Facebook ($US12.7 million) came from venture capital firm Accel Partners. Its manager James Breyer was formerly chairman of the National Venture Capital Association, and served on the board with Gilman Louie, CEO of In-Q-Tel, a venture capital firm established by the Central Intelligence Agency in 1999. One of the company’s key areas of expertise are in “data mining technologies”.
Breyer also served on the board of R&D firm BBN Technologies, which was one of those companies responsible for the rise of the internet.
Dr Anita Jones joined the firm, which included Gilman Louie. She had also served on the In-Q-Tel’s board, and had been director of Defense Research and Engineering for the US Department of Defense.
Facebook may as well be called Stasibook. It is the most effective surveillance tool the world has ever known. Nearly a billion people love to be not so secretly data-mined, every chat and friend connection tucked into super-computer data reservoirs at the NSA.
Facebook, writes Andrew Wozny, “does what Chairman Mao, Joseph Stalin, or Adolf Hitler could not have dreamt of – it has a half billion people [now almost a billion] willingly doing a form of spy work on all their friends, family, neighbors, etc. – while enthusiastically revealing information on themselves. The huge database on these half a billion members (and non-members who are written about) is too much power for any private entity – but what if it is part of, or is accessed by, the military-industrial-national security-police state complex?”
CNBC and the business side of the establishment media may chatter inanely about what went wrong with the Facebook IPO – nothing went wrong, it was just another sucker’s bet thrown out by the elite – but despite all the hubbub and hubris, Facebook will continue to operate as the finely honed machine that is Stasibook, and the controllers will sell us servitude gussied up as a trendy and glittery technological wonder.
When most people think about America's debt problem, they think of the debt of the federal government. But that is only part of the story. The sad truth is that debt slavery has become a way of life for tens of millions of American families. Over the past several decades, most Americans have willingly allowed themselves to become enslaved to debt. These days, most of us are busy either going into even more debt or paying off the debt that we have accumulated in the past. When your finances are dominated by debt, it makes it really hard to ever get ahead. Incredibly, 43 percent of all American families spend more than they earn each year. Even while median household income continues to decline (now less than $50,000 a year), median household debt continues to go up. According to the Federal Reserve, median household debt in America has risen to $75,600. Many Americans spend decades caught in the trap of debt slavery. Large numbers of them never even escape at all and die in debt. It can be a lot of fun to spend lots of money and go into lots of debt, but it can be absolutely soul crushing to toil and labor for years paying off those debts while making others wealthy in the process. Hopefully this article will inspire many people to try to escape the chains of debt slavery once and for all.
Because the truth is that the American people need a wake up call. Consumer borrowing rose by another $19.3 billion in December. Right now it is sitting at a grand total of $2.5 trillion according to the Federal Reserve.
Overall, consumer debt in America has increased by a whopping 1700% since 1971.
We always criticize the federal government for going into so much debt, but we rarely criticize ourselves for our own addiction to debt.
Debt slavery is destroying millions of lives all across this country, and it is imperative that we educate the American people about the dangers of all this debt.
The following are 30 facts about debt in America that will absolutely blow your mind....
Credit Card Debt
#1 Today, 46% of all Americans carry a credit card balance from month to month.
#2 Overall, Americans are carrying a grand total of $798 billion in credit card debt.
#3 If you were alive when Jesus was born and you spent a million dollars every single day since then, you still would not have spent $798 billion by now.
#4 Right now, there are more than 600 million active credit cards in the United States.
#5 For households that have credit card debt, the average amount of credit card debt is an astounding $15,799.
#6 If you can believe it, one out of every seven Americans has at least 10 credit cards.
#7 The average interest rate on a credit card that is carrying a balance is now up to 13.10 percent.
#8 According to the credit card calculator on the Federal Reserve website, if you have a $10,000 credit card balance and you are being charged a rate of 13.10 percent and you only make the minimum payment each time, it will take you 27 years to pay it off and you will end up paying back a total of $21,271.
#9 There is one credit card company out there, First Premier, that charges interest rates of up to 49.9 percent. Amazingly, First Premier has 2.6 million customers.
Auto Loan Debt
#10 The length of auto loans in America just keeps getting longer and longer. If you can believe it, 45 percent of all new car loans being made today are for more than 6 years.
#11 Approximately 70 percent of all car purchases in the United States involve an auto loan.
#12 A subprime auto loan bubble is steadily building. Today, 45 percent of all auto loans are made to subprime borrowers. At some point that is going to be a massive problem.
Mortgage Debt
#13 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
#14 Mortgage debt as a percentage of GDP has more than tripled since 1955.
#15 According to the Mortgage Bankers Association, approximately 8 million Americans are at least one month behind on their mortgage payments.
#16 Historically, the percentage of residential mortgages in foreclosure in the United States has tended to hover between 1 and 1.5 percent. Today, it is up around 4.5 percent.
#17 According to Dylan Ratigan, 46 percent of all mortgaged properties in Florida are underwater, 50 percent of all mortgaged properties in Arizona are underwater and 63 percent of all mortgaged properties in Nevada are underwater.
#18 Overall, nearly 29 percent of all homes with a mortgage in the United States are underwater.
#19 If you can believe it, the mortgage lenders now have more equity in U.S. homes than the American people do.
Medical Debt
#20 Medical debt is a major problem for a growing number of Americans. One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.
#21 Sadly, the number of Americans that are protected by health insurance continues to decline. An all-time record 49.9 million Americans do not have any health insurance at all right now, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.
#22 But even if you do have health insurance, there is still a good chance that you could end up with huge medical debt problems. According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.
Student Loan Debt
#23 Total student loan debt in the United States is rapidly approaching 1 trillion dollars.
#24 If you went out right now and starting spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.
#25 In America today, approximately two-thirds of all college students graduate with student loan debt.
#26 The average student loan debt load is now approximately $25,000.
#27 After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.
#28 One survey found that 23 percent of all college students actually use credit cards to pay for tuition or fees.
#29 The student loan default rate has nearly doubled since 2005.
#30 Student loans made to directly to parents have increased by 75 percent since the 2005-2006 academic year.
At this point, most Americans are up to their eyeballs in debt. According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.
Our entire economy has become based on credit.
Do you need a car?
Just get an auto loan.
Do you need a house?
Just get a mortgage.
Do you need to fill up your house with stuff?
Just get a credit card.
Do you need an education?
Just get a student loan.
In fact, if you are anything like a typical American, you probably have a mortgage you can barely afford, you probably have at least one auto loan, you probably have several credit card balances and you probably have a student loan that you deeply regret.
So what should you do if you are drowning in debt?
First, make a firm decision that you are going to break the chains of debt slavery once and for all.
Secondly, come up with a plan to reduce your debt. Paying off debt that carries a high rate of interest first (such as credit card debt) is usually a good idea.
The big financial institutions want to get us into as much debt as possible, because all of this debt makes them incredibly wealthy.
Don't play their game.
Yes, that may mean that you may have to put off certain purchases until you can come up with the money, but in the long run you will be much better off.
Posted by: theamericandream.com AT 11:10 am
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(NaturalNews) Every male between the ages of 11 and 21 should get a Gardasil vaccine for cervical cancer, and those between the ages of 13 and 21 should also get "catch-up" shots later down the road. This is only the opinion of the U.S. Centers for Disease Control and Prevention's (CDC) Advisory Committee on Immunization Practices (ACIP), of course, which recently announced its final recommendations for the controversial vaccine.
CBS News reports that, as a followup to its earlier, but incomplete, recommendation back in the fall that boys be given HPV (human papillomavirus) vaccines in addition to girls, the CDC has now formalized its position in the journal Annals of Internal Medicine, as well as in the Morbidity and Mortality Weekly Report. The agency is basically now recommending that all young men and women get the Gardasil vaccine.
The CDC announcement comes just days after Canadian health officials made a similar announcement recommending that all boys between the ages of nine and 26 in that country be jabbed with Gardasil. Together, the two announcements could potentially double profits for the vaccine, that is if enough members of the public are foolish enough to actually comply with these new recommendations.
ACIP heavily influenced by Big Pharma
Many of ACIP's members are nominated directly by the drug industry, and often have significant financial ties to vaccine manufacturers. So it is really no surprise that ACIP has made such egregious recommendations without considering the fact that Gardasil has been shown to be medically useless for its stated purpose, and a significant threat to health in many cases.
Dr. Carol Baker, executive director of the Texas Children's Center for Vaccine Awareness and Research, and huge proponent of vaccines, is head of ACIP, which made the recommendation. And Dr. Larry Pickering, executive secretary of ACIP and senior advisor to the director of the National Center for Immunization and Respiratory Diseases at the CDC, also has an extensive history working for groups that promote vaccines.
Thousands of young girls around the world have suffered debilitating, permanent neurological damage from getting the Gardasil series of shots. Many of them are now paralyzed as well, and suffer from chronic autoimmune disorders, extreme fatigue, and incapacitating muscle weakness, and at least 100 girls have died. If boys start getting the shot as well, you can expect a massive upswing in serious negative side effects and deaths among this segment of the population as well.
The fact of the matter is that Gardasil is a dangerous, unproven vaccine that has no place in medicine. And yet health officials are all too eager to recommend it to practically everyone as if it was some type of miracle treatment.
NEW YORK - USA - In a remarkable admission by former Nixon era Secretary of State, Henry Kissinger, reveals what is happening at the moment in the world and particularly the Middle East.
Speaking from his luxurious Manhattan apartment, the elder statesman, who will be 89 in May, is all too forward with his analysis of the current situation in the world forum of Geo-politics and economics.
"The United States is bating China and Russia, and the final nail in the coffin will be Iran, which is, of course, the main target of Israel. We have allowed China to increase their military strength and Russia to recover from Sovietization, to give them a false sense of bravado, this will create an all together faster demise for them. We're like the sharp shooter daring the noob to pick up the gun, and when they try, it's bang bang. The coming war will will be so severe that only one superpower can win, and that's us folks. This is why the EU is in such a hurry to form a complete superstate because they know what is coming, and to survive, Europe will have to be one whole cohesive state. Their urgency tells me that they know full well that the big showdown is upon us. O how I have dreamed of this delightful moment."
"Control oil and you control nations; control food and you control the people."
Mr Kissinger then added: "If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised."
After pausing for a few minutes to collect his thoughts, Mr Kissinger, carried on: "We told the military that we would have to take over seven Middle Eastern countries for their resources and they have nearly completed their job. We all know what I think of the military, but I have to say they have obeyed orders superfluously this time. It is just that last stepping stone, i.e. Iran which will really tip the balance. How long can China and Russia stand by and watch America clean up? The great Russian bear and Chinese sickle will be roused from their slumber and this is when Israel will have to fight with all its might and weapons to kill as many Arabs as it can. Hopefully if all goes well, half the Middle East will be Israeli. Our young have been trained well for the last decade or so on combat console games, it was interesting to see the new Call of Duty Modern Warfare 3 game, which mirrors exactly what is to come in the near future with its predictive programming. Our young, in the US and West, are prepared because they have been programmed to be good soldiers, cannon fodder, and when they will be ordered to go out into the streets and fight those crazy Chins and Russkies, they will obey their orders. Out of the ashes we shall build a new society, there will only be one superpower left, and that one will be the global government that wins. Don't forget, the United States, has the best weapons, we have stuff that no other nation has, and we will introduce those weapons to the world when the time is right."
End of interview. Our reporter is ushered out of the room by Kissinger's minder.
Posted by: dailysquib.co.uk AT 04:08 pm
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NEW YORK (CNNMoney) -- U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.
The government recently sold its remaining 6% stake in the company to Italian automaker Fiat. It wrapped up the 2009 bailout that was part of the Troubled Asset Relief Program six years early.
"The fact that the company has done so well -- that they were able to go out and raise private capital to repay us the loan so quickly, is really the big story," said Tim Massad, Treasury assistant secretary for financial stability.
Fiat paid the Treasury a total of $560 million for the remaining shares, as well as rights to shares held by the United Auto Workers retiree trust. Fiat now owns a 53.5% stake in the company.
Originally, the government committed a total of $12.5 billion to the struggling automaker, Old Chrysler, and the company's newly formed Chrysler Group. Of those funds, $11.2 billion have been returned through principal repayments, interest and cancelled commitments, the Treasury said. The new Chrysler Group paid back $5.1 billion in loans in May.
(NaturalNews) When you buy Microsoft products, you are now promoting the pharmaceutical industry and its global vaccine agenda. That's the new reality in which we live, where the world's largest software company is "in bed" with the world's largest vaccine pusher.
How so? In 2009, Microsoft purchased a key piece of technology from the drug company Merck, the world's largest maker of vaccines (which Bill Gates says can help "reduce the global population" by 10 to 15 percent). That technology, as you'll see below, can conceivably be used to develop eugenics vaccines that target specific races and nationalities with infertility-inducing pharmaceuticals -- something that is entirely consistent with Bill Gates' openly-admitted goal of reducing world population through the use of vaccines (see link to video below).
This gene-targeting vaccine research technology purchased by Microsoft was developed by the company known as Rosetta Biosciences, formerly owned by Merck. Their software is described as a way to "figure out how genes interact with each other, analyze peptides and metabolites, and determine how they relate to gene expression." (http://seattletimes.nwsource.com/html/microsoft/2009288622_rosetta020...)
An announcement on the Rosetta Biosoftware web site explains, "The deal allows Microsoft to incorporate genetic, genomic, metabolomic and proteomics data management software into the Microsoft Amalga Life Sciences platform for enhanced translational research capabilities." (http://www.rosettabio.com/company/news/rosetta_microsoft)
This same announcement goes on to say that vaccine maker Merck will "provide strategic input to Microsoft" as a part of the deal. Merck's strategy, of course, is to make money by pimping vaccines and pharmaceuticals, including the now-infamous Gardasil vaccine.
Rupert Vessey, the vice president of Merck Research Laboratories, openly admits this deal puts Microsoft in the role of being a drug developer. He says, "We look forward to collaborating with Microsoft to develop new bioinformatic solutions to enable and expedite drug discovery and development..."
This is a key statement to understand, because the term "bioinformatic" can only mean one thing. What stores information in biology? These is only one digital storage system in human biology, and that system is, of course, DNA. Therefore, the idea of developing "bioinformatic solutions" really means to develop "gene-targeting drugs and vaccines."
This is fully consistent with Bill Gates' admitted agenda of reducing world population with the help of drug company technologies. At a TED conference, he announced in front of a live audience: "...if we do a really great job on new vaccines, health care, reproductive health services, we could lower [global population] by perhaps 10 or 15 percent." (http://www.naturalnews.com/029911_vaccines_Bill_Gates.html)
See the video yourself at:
http://tv.naturalnews.com/v.asp?v=A155D113455FAC882A3290536575C723
All this comes on the heels of other recent news that Bill Gates is funding sperm-destroying technology to cause widespread male infertility (http://www.naturalnews.com/034834_Bill_Gates_sperm_infertility.html). His foundation has also funded genetically modified mosquitoes and other mad science experiments (http://www.naturalnews.com/030940_Bill_Gates_Foundation_genetics.html).
Microsoft the new leader in eugenics technology?
What's clear from all this is that Bill Gates is pursuing an agenda of human depopulation. This is a similar agenda of those who pursue eugenics efforts around the globe, including Adolf Hitler and a long list of former FDA Commissioners in the United States. One of the most common ambitions of those in the highest positions of power, it seems, is to cull the human population and eliminate "the little people," leaving only a "master race" of supreme beings.
Even major universities around the globe are now teaching students that human beings are evil for merely being alive and exhaling carbon dioxide, and that killing off humans is "green" for the planet.
In order to kill off large swaths of human beings, the most efficient mechanism to use is a self-replicating, gene-targeted bioweapon. Microsoft's Amalga Life Sciences technology, purchased from vaccine developer March, theoretically provides a viable platform to develop precisely such bioweapons. It is interesting that no announcements from the company appear to have been made since being acquired by Microsoft in 2009, indicating that their work is now being conducted in total secrecy, behind closed doors.
U.S. government admits developing weaponized, deadly flu strains
Recent headlines reveal that the United States government has also secretly funded bioweapons research that resulted in the development of super-deadly flu strains that could wipe out far more than just 15 percent of the human population. As revealed in recent news headlines:
"Scientists agreed Friday to a 60-day moratorium on research into a modified avian flu virus that has been demonstrated to be more transmissible among mammals. Although the investigators believe their research has a public health benefit, they acknowledge the fear of some governments and others that the genetically altered virus could escape from labs and infect people." (http://www.philly.com/philly/health/news/HealthDay660965_20120120_Res...)
That may be precisely the point, it turns out. There is no better way to promote the vaccine profits of the pharmaceutical industry than to actually release an engineered bioweapon virus into the wild. And there is no faster way to reduce the world population than to engineer either a vaccine or a weaponized flu virus that burns through the human population, targeting those of an "undesirable" genetic profile who need to be "cleansed" from the human gene pool.
This about this the next time you think about purchasing Microsoft Office, Windows or some other Microsoft product. By doing so, you are funding what could very well be a global eugenics agenda with the ultimate goal of wiping out a significant proportion of the human race.
Investigators with the Drug Enforcement Agency helped a Mexican narcotics kingpin transfer million of dollars in illegal cash profits, the New York Times reports today.
The DEA program recalls a similar, much smaller scale operation first reported in the Voice last month in our article about government informant Angel Perez. The Voice article disclosed that Perez convinced U.S. Immigration and customs agents to move $500,000 in cash from the Dominican Republic to Miami and Puerto Rico. But, somehow, the smuggling operation didn't result in any arrests or even the identification of the source of the money.
The Times report, meanwhile, says that DEA agents got involved in the illegal scheme back in 2007 to infiltrate and take apart drug organizations in Mexico. The agents also helped the kingpin, Harold Mauricio Poveda-Ortega, move a big shipment of cocaine from Ecuador through Dallas to Madrid. DEA agents posed as pilots offering to ship cocaine for $1,000 a kilo.
Rightly, the Times article asks the question of whether the DEA was "fighting or facilitating crime." And the conclusion? Well, in Timesian fashion, we don't get an answer. The article quotas a former federal prosecutor saying that stateside rules don't apply overseas, so law enforcement agencies "make up the rules as they go along."
"It's a slippery slop," Morris Panner tells the Times. "The United States could end up helping the bad guys more than hurting them."
As for the DEA, the Times got a statement defending the practice, and saying that the operation allowed "Mexican authorities to kill or capture dozens of high-ranking and mid level drug dealers."
The kingpin, Poveda-Ortega, evaded arrest for two years, before he was finally caught in November of 2010.
Posted by: villagevoice.com AT 08:38 am
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Archeologists have so far found undisturbed artefacts including wall decorations, pigments and paint pots, which are already increasing their understanding of the Neolithic people.
Experts believe the huge outer wall suggests the site was not domestic, while the layout of the buildings has reinforced the view it might have been a major religious site. Archaeologists think the temple was built 500 years before Stonehenge, regarded as the centre of Stone Age Britain.
However, only 10% of the site at Ness of Brodgar has been excavated and it could be years before the scale and age of the discovery is fully understood.
It sits close to the existing Ring of Brodgar stone circles and the standing stones of Stenness, near to the town of Stromness.
The uncovered wall around the edges of the site was built with 10,000 tonnes of quarried rock and may have been up to 10 ft high.
Thermal technology also indicates the site could cover the same area as five football pitches, with some parts potentially older than Stonehenge, in south-west England, by as much as 800 years.
Charcoal samples from beneath the wall indicate it was built around 3200 BC. A 30mm high figurine with a head, body and two eyes, and called the "Brodgar Boy", was also unearthed in the rubble of one of the structures.
About 18 months ago, a remarkable rock coloured red, orange and yellow was unearthed. This is the first discovery in Britain of evidence that Neolithic peoples used paint to decorate their buildings.
Project manager Nick Card said the discoveries are unparalleled in British prehistory and that the complexity of finds is changing the "whole vision of what the landscape was 5000 years ago." He said it was of "a scale that almost relates to the classical period in the Mediterranean with walled enclosure and precincts".
Mr Card added: "It's a huge discovery; in terms of scale and complexity there really is nothing else quite like it.
"At first we thought it was a settlement but the scale and complexity within the buildings makes you think along the lines of a temple precinct. It's something you would associate with the classical world."
Archeologist Julian Richards, who has written several books on Stonehenge, added: "The indication is that building was taking place when Stonehenge was still, relatively speaking, insignificant. We have tended to think we know how things were in the Neolithic period, then something like this turns that on its head."
Posted by: heraldscotland.com AT 11:18 am
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