Archive for February 22nd, 2011

Oil price shock: Pandora’s Box is opened

Tuesday, February 22nd, 2011

The last time the oil price lost all sense of gravity, as it threatens to again with the price of Brent crude now well north of $100 a barrel, it helped tip the world economy into the deepest recession since the 1930s. By Jeremy Warner TelegraphUK 22 Feb 2011 Is history about to repeat... »

Posted in Brave New World, Economics, Oil | No Comments »

All eyes on Bahrain as Gulf tremors frighten oil markets

Tuesday, February 22nd, 2011

Oil analysts are paying very close attention to fast-moving events in Bahrain, fearing that clashes between the island’s Sunni elite and an aggrieved Shi’ite majority could embroil the two Gulf giants of Iran and Saudi Arabia. By Ambrose Evans-Pritchard TelegraphUK 22 Feb 2011 “While events in Libya are undoubtedly of prime importance, they are... »

Posted in Civil Unrest, Economics, Oil, World Politics | No Comments »

Qaddafi Just Ordered The Destruction Of Oil Pipelines To The Mediterranean

Tuesday, February 22nd, 2011

Gus Lubin BusinessInsider.com Feb. 22, 2011 Colonel Qaddafi has ordered the disruption of Libyan oil exports by destroying pipelines to the Mediterranean, sources tell Time’s Robert Baer: “There’s been virtually no reliable information coming out of Tripoli, but a source close to the Gaddafi regime I did manage to get hold of told me... »

Posted in Oil, World Politics | No Comments »

Crop problems globally could raise food prices here

Tuesday, February 22nd, 2011

By Robert Wang CantonRep.com How much you spend on groceries and clothing this year may depend on how good the weather is around the world. Due to droughts, floods and excessive rain in several countries, farmers are straining to meet the growing worldwide demand for grain and other commodities that are key ingredients in... »

Posted in Economics, Food Wars | No Comments »

Why Wisconsin’s economic protests will only spread as health care costs bankrupt the states

Tuesday, February 22nd, 2011

by Mike Adams NaturalNews.com What we’re really seeing today with the union worker protests in Madison, Wisconsin is the collision of money desires with fiscal reality. Everywhere across the country, union workers want to take home more money. Across the board, from teachers and firemen to law enforcement officers and government office workers, everybody... »

Posted in Civil Unrest, Economics | No Comments »

Bernanke, You Stupid Bastard

Tuesday, February 22nd, 2011

by Karl Denninger Market-Ticker.com Yes, you. And Trichet, and the rest of the Central Bank fools. But especially you, Bernanke. There’s dumb and then there’s really dumb. Let’s take a short walk back down history lane. You were sure there was no housing bubble. Then you were sure it wouldn’t pop. Then you were... »

Posted in Conspiracy, Corruption, Economics, Government Evil | No Comments »

American Manufacturing Slowly Rotting Away: How Industries Die

Tuesday, February 22nd, 2011

By: Ian Fletcher Market Oracle Feb 22, 2011 I wrote in a previous article about why America’s manufacturing sector, despite record output, is actually in very deep trouble: record output doesn’t prove the sector healthy when we are running a huge trade deficit in manufactured goods, i.e. consuming more goods than we produce and... »

Posted in Economics, God Help Us | No Comments »

Korean Bank Run Spreading: Eighth Bank Closes Following “Massive Withdrawals”

Tuesday, February 22nd, 2011

by Tyler Durden ZeroHedge.com 02/22/2011 The quietest bank run that has so far completely evaded mainstream attention, that of Korea, is spreading, and an eighth bank has now shuttered after “Domin Bank, a savings bank with a capital adequacy ratio below 5 percent, voluntarily decided yesterday to suspend its operations temporarily because of massive... »

Posted in Civil Unrest, Economics, World Politics | No Comments »

Libya Declares Force Majeure On Oil Exports Of 1.5 Million Barrels A Day

Tuesday, February 22nd, 2011

by Tyler Durden ZeroHedge.com 02/22/2011 Reuters reports that Libya has just declared force majeure on its oil exports. As a reminder, Libya exports (under non-force majerue conditions) about 1.5 million barrels per day. That’s a lot of barrels, especially for Italy which relies on 425,000 barrels a day from Libya to keep its economy... »

Posted in Economics, Oil, World Politics | 1 Comment »

Coming Soon: Canadian Troops on US Soil?

Tuesday, February 22nd, 2011

AmericansJourney.com 2.22.2011 Yes – I know. A conspiracy theory right? Or is it a sell-out by American officials to a supra-national power? Are you ready to see Canadian soldiers in US cities? Are you ready to obey their orders at gunpoint? What will you do if they have to shoot a member of your... »

Posted in Government Evil, Martial Law, North American Union | No Comments »