fredag 30 september 2011

Borg: Banker är ett samhällsproblem

"Banker är ett samhällsproblem, så som de fungerar i dag", sa finansminister Anders Borg i dag.

Men skatt på transaktioner skulle krascha tillväxten i Europa och är inte aktuellt, enligt Borg.

Men den nya skatt på finansiella transaktioner som föreslagits av EU-kommissionen ger han inte mycket för.

Inte minst sedan såväl Kina och USA förklarat att de inte är intresserade av denna modell.
"Det har inga förutsättningar att fungera", sa Borg på en pressträff efter EU-nämndens möte.

"Vi prövade en finansiell transaktionsskatt i Sverige på 80-talet. Den resulterade i att 90-98 procent av all handel flyttade ut från Sverige."

För att dämpa riskerna i finanssektorn tycker Borg i stället man ska skärpa kapital- och likviditetskraven på bankerna, vilket är på gång via de nya så kallade Basel III-reglerna.

Enligt Borg visar beräkningar att en skatt på transaktioner skulle kunna dra ned BNP i EU med 1-2 procent.
" Det är klart att det försämrar uthålligheten i de offentliga finanserna i Europa."

The age of cheap energy is over, IEA Executive Director warns

In this scenario, by 2035, three-quarters of the world’s oil production from existing fields will need to be replaced, Mr Tanaka said.

That works out to just over 50 million barrels per day, which is equivalent to about four times the production capacity of Saudi Arabia, the world’s largest oil producer.

IEA analysts calculated that this amount of oil is needed to compensate for the predicted decline in production at existing fields, as they pass their peak and their production rates drop. (Crude oil output from fields that were in production in 2009 is expected to fall from 68 million barrels per day in 2009 to 16 million per day by 2035).

http://www.iea.org/index_info.asp?ID=1928


Fatih Birol (IEA) interview
http://www.youtube.com/watch?v=iKkISqOCnVA

Utilities Giving Away Power as Wind, Sun Flood Grid

The 15 mile-per-hour winds that buffeted northern Germany on July 24 caused the nation’s 21,600windmills to generate so much power that utilities such as EON AG and RWE AG (RWE) had to pay consumers to take it off the grid.

Rather than an anomaly, the event marked the 31st hour this year when power companies lost money on their electricity in the intraday market because of a torrent of supply from wind and solar parks. The phenomenon was unheard of five years ago.

With Europe’s wind and solar farms set to triple by 2020, utilities investing in new coal and gas-fired power stations no longer face stable returns. As more renewables come on line, a gas plant owned by RWE or EON that may cost $1 billion to build will be stopped more often from running at full capacity. It may only pay for itself on days like Jan. 31, when clouds and still weather pushed an hour of power on the same-day market above 162 ($220) euros a megawatt-hour after dusk, in peak demand time.

You’re looking at a future where on a sunny day inGermany, you’ll have negative prices,” Bloomberg New Energy Finance chief solar analyst Jenny Chase said about power rates in wholesale trading. “And a lot of the other markets are heading the same way.”

http://www.bloomberg.com/news/2011-09-29/utilities-giving-away-power-as-wind-sun-flood-european-grid.html

Magic Mushrooms Can Make Lasting Personality Changes, Hopkins Study Finds

Psilocybin, or “magic mushrooms,”can make people more open in their feelings and aesthetic sensibilities, conferring on them a lasting personality change, according to a study by Johns Hopkins researchers.

People who had mystic experiences while taking the mushrooms were more likely to show increases in a personality trait dubbed “openness,” which is related to creativity, artistic appreciation and curiosity, according to the study in the Journal of Psychopharmacology. The change was still in place a year later, suggesting a long-term effect.

“The remarkable piece is that psilocybin can facilitate experiences that change how people perceive themselves and their environment,” said Roland Griffiths, a study author and professor of psychiatry and behavioral science at Johns Hopkins University of Medicine in Baltimore. “That’s unprecedented.”

http://www.bloomberg.com/news/2011-09-29/magic-mushrooms-can-make-lasting-personality-changes-study-says.html

torsdag 29 september 2011

Vietnam Net Oil Exports 2004 to 2010

Following are Vietnam's numbers from 2004 (their recent production peak) to 2010 where an oil production decline of 14% combined with a domestic oil consumtion increase of 31% results in a net oil export reduction of a whopping 83%.

2004:

Production: 430,000 bpd
Consumption: 260,000 bpd
Net Exports: 170,000 bpd

2010:

Production: 370,000 bpd (down 14%)
Consumption: 340,000 bpd (up 31%)
Net Exports: 30,000 bpd (down 83%)

This is a classic case of "Net Export" Math.

Looks like Vietnam will be a net oil importer, perhaps as early as this year or next year for sure.

As oil becomes more expensive due to extraction and processing price increases, many exporting nations continue to placate their populations with oil price subsidies, which induces an increase in internal consumption, reducing exports, which in turn promotes scarcity, which in turn raises oil prices.

Whitin this context then it's quite interesting to note that the domestic oil consumption market when considering all the OPEC countries including Russia as well as Mexico if fact is twice as large as the total domestic oil consumption in China. Add to that the fact all of these countries as well as china is on a steaday economic growth path thus will be consuming even greater amounts of oil domestically going forward. In fact all the decline of oil consumtion in the OECD is more than off set by the increase of oil usage in these "new" economies.

And sure they have what it takes to grow aggresively as OPEC members will earn an unprecedented $1 trillion this year, according to the US Energy Department, as the group's benchmark oil prices exceeded $100 a barrel for the longest period ever. They are promising to plow record amounts into public and social programs after pro-democracy movements overthrew rulers in Tunisia, Egypt and Libya and spread to Yemen and Syria.

The bottom line is that so far at least there ar no examples of any oil exporting countries (at least those with a material amount of consumption) showing a multiyear production decline, that have cut their consumption sufficiently to pull their net export decline rate above their production decline rate. Denmark is a case in point. From 2005 to 2010, their production fell at 8.3%/year, and they cut their consumption at 1.4%/year, but their net oil exports fell at 19.5%/year. They would have had to cut consumption at 8.3%/year to keep their net export decline rate down to 8.3%/year.

Chris Skrebowski interview
http://www.youtube.com/watch?v=NAdnuGUYXp8

Chart showing Global Net Exports* (GNE) and Available Net Exports (ANE).

Following is a chart showing Global Net Exports* (GNE) and what we define as Available Net Exports (ANE). ANE = GNE less Chindia's combined net oil imports.

At the 2005 to 2010 rate of increase in Chindia's net imports, as a percentage of GNE, Chindia would consume 100% of GNE in about 20 years.

ANE fell at an average volumetric rate of about one mbpd (million barrels per day) per year from 2005 to 2010, from about 40 mbpd in 2005 to about 35 mbpd in 2010.
http://www.theoildrum.com/node/8410/839243

SDRs Here we come

Jim Rickards from a recent Eric King Interview:

"With the G20 coming up, Eric, I think they are going to dust off the SDR solution. The next time there is a major global financial crisis the Fed is not going to be able to bail out the world because they are out of bullets, but the IMF and the G20 will be able to print these SDR’s.

At that point the game really is over. It will be very transparent that we’re just replacing one kind of paper money with another kind of paper money and that is going to accelerate the rush to gold.

As soon as people do the math, this is where you start to see these $5,000, $6,000, $7,000 an ounce price targets for gold. That’s coming sooner than people expect. Some time in the next couple of years we will see that radical transformation of the international monetary system into gold."


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Jim_Rickards_-_Monetary_System_Will_Go_Gold_Soon.html

And as evident for all to see the preciouse markets are beeing maipulated as we speak, or how about the ever increasing new margins requirements escalating now in an almost hysterical fashion..?

That then as close you get to a real confiscation as its all about demonetising presious metals for the ordenary people. I mean if you can't trade it what's then the value..?

$7,000 an ounce of gold of course means inflation nothing else. Oil in the ground is where it's at as all economic activity 100% as well as our monetary system itself depends on oil.

Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study

Renationalising the railways could save the taxpayer £1.2 billion a year, according to a union-commissioned study.

The report - for Aslef, the Rail, Maritime and Transport (RMT) union, the Transport Salaried Staffs Association and Unite - said savings could be achieved through cheaper borrowing costs, removing shareholders' dividends and reducing fragmentation.
The study, by the Transport for Quality of Life think tank, said £300 million alone could be saved by taking train operating companies into public ownership.
A survey of 2,000 people as part of the research found that 71% believed privatised train companies were more concerned with making profits than providing affordable fares and a decent service for passengers. Only 19% believed that the railways should remain in private hands.http://www.huffingtonpost.com/2011/09/27/nationalised-rail-may-sa_n_984191.html

onsdag 28 september 2011

Some one wants you to focus on the wrong issues:

First two very good quotations from investment guru Jim Rogers:

Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe

Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC

So why then are all AngloSaxons analysts focusing right now on Europe and how can anybody sane even mention US Treasuries and the dollar as a safe heaven for investors?
http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded

and here a quite amazing "analysis" made by this "journalist". Fact is that US liabilities including also all off balance debt already is OVER 500% of GDP. How can anybody then even argue the US dollar is "safe". Then she also fails to mention margin requirements for precious metals has been hiked now in an ever escalated fashion.

http://www.youtube.com/watch?v=aWyrjwXoIqA&feature=player_embedded

The CME (Chicago Mercantile Exchange), the world’s largest future market, announced it will raise the maintenance margins requirements from $7,000 to $8,500 for trading gold contracts – an increase of 21%. For silver, the maintenance margins requirements and the initial-margin requirement inclined from $16,000 to $18,500 – a 15% increase.

Furthermore, the initial-margin requirement, or the minimum amount of cash that speculators must keep on deposit, will also incline from $9,450 per 100-ounce contract to $11,475.

This is the third time in the past couple of months in which CME raised margins: it raised margins twice in August; the last time was back in August 25th by 27%. On August 24th, gold price shed 5.59% of its value, and silver price declined by 7.39%.

This decision is likely to be one of the prime reasons for the ongoing freefall in gold price despite the slight recovery in other financial markets such as US stock markets. Coming Monday, this decision may continue to affect gold and silver traders.

http://www.tradingnrg.com/gold-silver-prices-cme-margin-hike-by-21-september-24-2011/

What this now all boils down to is the evident and up in your face manipulation all asset classes via the fake paper markets. Despite hard assets like e.g. gold and oil is in more demand in the real physical than there is supply world paper prices on these assets have been artificially depressed.

Hess Predicts Oil Shock If Supplies Don't Rise

“An energy crisis is on its way and it’s likely to be triggered by oil,” said Hess, chairman since 1995 of the New York-based independent driller and refiner. “$150-a-barrel oil was a warning.”

Recession fears and a slowing global economy have helped push oil prices down to $86 a barrel from over $100 in May. But don’t be lulled into thinking it’s 2009 all over again, Hess said. Global oil demand fell by 2 million barrels a day in the depths of the financial crisis, he said, while today, demand in the industrialized world is down only slightly and emerging markets are continuing to grow.

http://www.forbes.com/sites/energysource/2011/09/27/hess-predicts-oil-shock-if-supplies-dont-rise/?feed=rss_home

tisdag 27 september 2011

EIA forsees a defecit of 2 m/bd

According to the latest EIA analysis the last real actual ww oil production is for June this year where some 86,72 mb/d was produced.

Then interestingly enough they predict average ww oil demand for Q3 to be some 88,95 M7bd and for Q4 that numer they expect to be 89,13 m/bd

That then concludes there is a shortage of some 2 M/bd from the latest real production (june) number vs expected demand fo the rest of the year.

http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=50&pid=53&aid=1&cid=ww,&syid=2004&eyid=2011&freq=M&unit=TBPD

http://www.eia.gov/emeu/steo/pub/cf_tables/steotables.cfm?tableNumber=6&loadAction=Apply+Changes&periodType=Monthly&startYear=2004&endYear=2012&startMonth=1&startMonthChanged=false&startQuarterChanged=false&endMonth=12&endMonthChanged=false&endQuarterChanged=false&noScroll=false

Last time we saw a defecit like this the EIA released oil from the strategic oil reserves:

IEA makes 60 million barrels of oil available to market to offset Libyan disruption
http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=418

So question now is - will there be a need for yet another release from the oil reserves or is someone of the oil producers able to act as a swing producer and if so are they then willing to act to depress the price of oil?

Sure the saudies as one example will start to run huge budget defecits if oil is maintained at a price level below $85.

torsdag 15 september 2011

STP.TO

WebCast Event där STPs CEO Byron Lutes berättar om bolaget. Mycket matnyttigt i denna nya genomgång och den nya företagspresentationen ni kan ta del av när ni lyssnar finns även på boalagets hemsida.

Det finns nu kortsiktigt en mycket rejäl uppsida i bolaget under slutet av oktober början av november. Lyssa och ni förstår varför.

Utöver detta dock massor av annat som företaget har i pipen..

Är man ens det minsta intresserad av energi så måste man helt enkelt nu ta del av denna genomgång.
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3660800

söndag 11 september 2011

As oil supply dwindles, Saudis turn to renewable energy

Saudi Arabia, the world's largest oil exporter, may not be panicking quite yet about its ever-declining oil supply —but the country is certainly concerned.

Consider: In February, a Wikileaks document revealed that Saudi Arabia might be overstating its oil reserves by 300 billion barrels, and the country recently asked for a slice of the UN's $100 billion climate change fund to help diversify to other energy sources (a galling request from such a wealthy country so dependent on other people not diversifying to other energy sources).

And now the kingdom has announced that it plans to spend $100 billion on solar, nuclear and other renewable energy sources. They haven't announced over what time period they will spend it, but that's a lot of cash. Private investments in Chinese renewable energy projects totalled $54.4 billion last year, which was the highest of any country.

"Fuel supply is one of the major challenges facing the power sector and the nation," Saleh Al-Awaji, Saudi Arabia’s deputy minister for electricity at the Ministry of Water, said at a recent conferencein Abu Dhabi. "The policy is to work intensely on saving energy and making sure every barrel of oil that can be saved is, and is made available for export."

That means Saudi Arabia wants to wean itself off oil but keep the rest of us hooked (unless it has plans to become the world's largest solar-panel exporter, too). The country still has a long way to go in reducing its reliance on oil — Saudi Arabia consumes 2.4 million barrels a day, and is expected to need at least 8.3 million barrels by 2028 if no action is taken. But the U.S. consumes a staggering 18.8 million barrels daily, making it the most oil-hungry nation in the world. A large portion of our oil comes from Saudi Arabia, which exports nearly 9 million barrels each day.

Saudi Arabia does, at least, have an advantage in the solar power arena: plentiful sun. In September, the kingdom will complete a 3.5 megawatt solar array — the largest solar power plant in the country. That's not very large considering that the largest solar plants in the world produce nearly 100 megawatts of power, but it's a much-needed start for a country that has grown in proportion to its oil wealth. http://www.msnbc.msn.com/id/42457058/ns/business-world_business/t/oil-supply-dwindles-saudis-turn-renewable-energy/

War within the Islamic World

There is a war on going within the islamic world.

Its a war between the Saudia Arabian Sunni falang vs the Iranian Shiites. Challenged as they are the Royal house of Saud thus is severely callenged not only externaly from Iran and the Shiites but as well internaly from the domestic Shiites (a mayority of all oil workers in saudi Arabia in fact are Shiites).

This is a war now affecting Baharain, Syria, Yemen, Kuwait, Iraq and the rest of the middle east . If Iran ever will be able to produce a nuce its not Israeln that will be threatened in the first place but it is in fact Saudi Arabia.

By the way ALL international terrorism eg associated with 9/11 in fact are Sunni muslims originating from Saudi Arabia as well as geting all of their funding from there.

So If you really want to deal with internmational islamic terrorism you only need to identify and destroy all Sunni sponsored and managed islamic cells in the west as well as in the middle east e.g. like in whats currently going on in Iraq.

By the way in Iraq the Americans overthrew the Sunni minority rule that had been in place for decades and thus the Iranias have been able to increase their influence in that part of the world to an extend never seen before..., at least not since the great Persian Kingdom.

As sunni ruled Saudi Arabia in fact is the US only real allied in the Middle East that then might give some food for thought..of what migh be in the cards going forward?

For the Saudis, the revolt in Syria is a chance to strike at one of the pillars of Iran's influence.

Assad's ruling clique is dominated by his Alawite sect, a Shiite offshoot that comprises about 11 percent of the country and maintains close ties with Shiite power Iran. It's unclear how much further the Iranian influence reaches in Syria, but the country's Sunni majority looks more toward Western-allied neighbors in Lebanon and Turkey.

"Saudi sees this as a golden opportunity to further chip away at Iran's influence in the Arab Middle East and also ... to change the strategic map," said Theodore Karasik, a regional affairs expert at the Dubai-based Institute for Near East and Gulf Military Analysis. "This is going to make your foreign policy more robust and aggressive."


From The Detroit News:
http://detnews.com/article/20110813/NATION/108130349/Saudi-Arabia-uses-unrest-to-pursue-goals#ixzz1XdSb4Ei9

“Unless problems facing Saudi Arabia are solved, what happened and is still happening in some Arab countries, including Bahrain, could spread to Saudi Arabia, even worse,”Prince Talal told the London-based TV broadcaster in an interview aired late Feb. 17.

There are concerns that Shiite-led Iran, Saudi Arabia’s main regional rival, is backing the protests in Bahrain, Sratfor, an Austin, Texas-based intelligence-consulting group, said in an e-mailed statement on Feb. 17.

Iran has increased its regional influence since a Shiite-led government took power by winning elections in Iraq after the U.S.-led overthrow of Saddam Hussein. Kuwait, which has a 30 percent Shiite minority, last year broke up what it said was an Iranian spy cell, prompting Saudi authorities to call for U.S. allies in the Persian Gulf to step up security cooperation.

Saudi religious leaders have in the past accused Iran of encouraging violence by Shiite minority groups in the region. In November 2009, Saudi Arabia’s grand mufti, Sheikh Abdul Aziz al-Sheikh, said the Iranians were “cooperating in sin and aggression” by backing Shiite insurgents in
Yemen in a conflict that drew in the Saudi army.
http://www.bloomberg.com/news/2011-02-17/saudi-arabia-risks-contagion-from-shiite-protests-roiling-neighbor-bahrain.html


Fearful of Iran's rising influence, will the Saudis start backing Sunni insurgents in Iraq -- even if the insurgents are rabidly anti-American?
http://www.salon.com/news/opinion/feature/2007/02/08/saudis

Kuwait

KUWAIT CITY, Sept 9: The minister of oil is holding high-level talks with senior officials in the state to avoid what he called 'a looming crisis' following reports some workers in the oil sector are contemplating to go on strike to protest the salary hike which has been approved for them by the Civil Service Commission, reports Al-Anba daily.
http://www.zawya.com/cm/profile.cfm/cid159264

KUWAIT CITY - Results of a comparative study conducted by the World Bank recently on salaries of citizens in the region revealed that Kuwaitis receive higher salaries than the nationals of other countries in this part of the world, reports Al-Rai daily quoting sources.The bank has warned the Kuwaiti government against approving any proposal to increase the salaries of citizens while the country depends solely on oil as its main source of income.

It has highlighted the fact that 84 percent of oil revenues mentioned in the first chapter of the budget has been allocated for salaries; hence, the need for Kuwait to look for other sources of income to meet the requirements which will be stipulated in this chapter in the future.

http://www.zawya.com/story.cfm/sidZAWYA20100307071822/?relcontent=ZAWYA20110910060855

In the mean time Syria is on fire..

A revolution on the march
http://www.internationalviewpoint.org/spip.php?article2272

lördag 10 september 2011

About the Brent vs WTI price diffrential

PARIS — Libyan oil exports are unlikely to return to their pre-war level before 2013, the new head of the International Energy Agency said on Thursday.

"Our experts think that 2013 or beyond will most probably show the complete full restoration of the Libyan supply to the market, but not before that," Maria van der Hoeven told AFP in an interview.

Libya, a key African oil exporter, produced about 1.6 million barrels per day (bpd) before the rebellion against Moamer Kadhafi broke out in mid-February, and then slowed to a trickle.

Around 85 percent of Libyan oil output was exported to Europe, with the disappearance of its high quality light sweet crude from the market one of the reasons why Brent crude from the North Sea has been trading much higher than oil quoted on US exchanges.
http://www.rawstory.com/rs/2011/09/07/libya-oil-exports-not-to-return-to-normal-until-2013/

Anyway, I haven't checked up on production data there for a while. The graph above shows the total production of the three main countries involved: the UK, Norway, and a little from Denmark (data from BP).

As you can see, production peaked in 2000 and has tanked since. If we look at the year-on-year growth rates, we get this:You can see the very high decline rates reached in the early 2000s. After 2005, with sustained high oil prices, there was a moderation in the decline rate for a few years (some new fields came on, like Claire and Buzzard). However, 2010 was the worst year yet, with an 8.6% decline rate. There seems small doubt that this region is played out and will decline to very little over the next decade or two. http://earlywarn.blogspot.com/2011/07/update-on-north-sea-oil-production.html

If there is a lesson to be learned here it is: be careful shorting crude oil volumes in 2011Expected UK North Sea crude oil declines increase oil price uncertainty
https://www.gplus.com/Natural-Resources/Insight/Expected-UK-North-Sea-crude-oil-declines-increase-oil-price-uncertainty-53571/

I have circled the March data in each case. You can see what was going on. The Saudis were slowly increasing their production from last fall through February, presumably in response to growing global demand and rising prices. But then, in March, when Libyan production went into freefall, they put on the brakes and did almost nothing to make up for the shortage.

The burning question is: why? Back in 2006, when their production started to gradually decline from 9.5mbd even as global oil prices were in the worst spike since the 1970s, I was an advocate of the view that the decline was largely involuntary: they'd never produced more than 9.5mbd, they'd underinvested for decades, and some of their big fields were getting very tired (particular northern Ghawar and Abqaiq) and they were starting a big rash of new projects and ramping up their rig counts at the same time.

I see current events differently. The reduction in late 2008 was clearly voluntary to support prices in the face of the great recession. There's no new projects announced, and the rig count hasn't taken off.

So my take is that the failure to increase production to compensate for Libya is deliberate. We can only speculate, but my guess is that, having watched how the west has helped to ease Mubarak and Ben-Ali out of power and is intervening in Libya to the same end, the Saudi regime is in no mood to care about our desire for more oil. Instead, they are very much in the mood to build as large a war chest as possible with which to appease their own population, strengthen their defense measures, etc.

So, instead of Saudi production increasing to compensate for Libya, total world production decreased, and oil prices went up sharply to enforce the necessary conservation on the world's oil consumers.
http://earlywarn.blogspot.com/2011/04/saudi-arabia-did-not-make-up-for-libyan.html

Probability of Large-Scale False Flag Terror Event Increasing As European Banking Panic Looms

The leading factor compelling the Anglo-American power elite into a new false flag terror adventure is the now rapidly worsening breakdown crisis of the European and US banking systems. Almost 2 years of Anglo-American financial warfare against the euro, generally taking the form of credit default swap (CDS) assaults on European government bonds, have now created an extraordinarily serious crisis. There is presently a list of at least one dozen large European banks, each of whom is a candidate to play the role of Lehman Brothers in the blowup which can now be expected for some time over the next two months. This includes the top British banks.

This crisis is almost exclusively the handiwork of the City of London and Wall Street, and they have created it in order to relieve pressure on the dollar, and to neutralize the threat to the future role of the dollar as the world reserve currency. Over the past few days, Anglo-American commentators have been chortling as the dollar has picked up a few pennies of value compared to the euro.

The problem for the Anglo-Americans is that panic runs on European banks will quickly be translated into panic runs on US banks, and on the dollar. Institutions like Bank of America, Citibank, Morgan Stanley, and even the vaunted Goldman Sachs, which have existed as zombie banks thanks to government largess since September 2008, are now exhibiting telltale signs of a Lehman-like death spiral. In short, if the European banks blow, the London and New York banks will not be far behind. Maybe the Wall Street geniuses of international financial warfare should have thought of that before they embarked on their current lunatic beggar-my-neighbor campaign against their confreres in continental Europe.

Experience teaches that if the New York money center banks are faced by imminent bankruptcy, their first instinct would be to demand a second bailout of trillions of dollars at US taxpayer expense. The problem for them is that the first bailout has left such a bitter aftertaste that congressional passage of such a monstrous funding bill would be anybody’s guess. From the Wall Street point of view, this makes martial law a much more attractive alternative than in the recent past.

Under the impact of a huge false flag event, new bailouts could be railroaded through the Congress or even approved by Wall Street puppet Obama as executive orders and validated later. They could even be approved as a measure necessary for national defense in an emergency. The impact in Europe would be similar.

Martial law declared in response to a terror attack would automatically be used to suppress public protests against the bailouts and austerity cuts decreed by the zombie bankers and hedge fund hyenas. No matter what the ins and outs, a new terror crisis would help Wall Street get its money. And there is nothing like an imminent financial panic to make the Anglo-American ruling elite go collectively bonkers.

http://tarpley.net/2011/09/09/probability-of-false-flag-terror-event-increasing/

Nobel-prize winning economist Robert Mundell, whose research contributed to creation of the euro, said a Greek default would trigger a run on banks of “monstrous proportions.”

“This risk means that issues in Greece and the euro area are an international problem,” Mundell told reporters in Budapest today.

Th European Central Bank and the Federal Reserve should introduce a “very large” swap facility, in the range of $1 trillion, to tackle any potential dollar shortage, Mundell said.

Mundell, who is a professor of economics at Columbia University in New York, also said no country should leave the euro area because it “doesn’t solve any of the problems.”

http://www.bloomberg.com/news/2011-09-08/greek-default-would-cause-monstrous-run-on-banks-mundell-says.html

The Deregulation of the public Domain

The Ologarch family Wallenberg is agressively moving in to the public sector domain e.g. via Aleris. Key word and concept is "deregulation" as a vihecel for accumulating (or rather stealing) value from the tax payers dirt cheap..

http://www.aleris.se/

This as their core asset the SE Bank has been and is busy creating an inflated housing bubble ready to burst at any time..

Were watching you..
http://www.youtube.com/watch?v=6g3QbH_i2VU&feature=related

fredag 9 september 2011

Terence McKenna - Seeking the Stone Part

An eloquent perspective by Terence McKenna on the idea of a spiritual path for all and an impending transformation of the human world. In his singularly lucid, prosaic style, McKenna presents profoundly compelling ideas that challenge our beliefs and encourage our participation in the creation of a new social reality. He champions the individual’s freedom of choice in deciding one’s own sexual and spiritual development and techniques. He highlights the role of hallucinogenic plants in shamanic societies and their impact on the evolution of human cultures. See why this cyber-techno-shaman is drawing freethinking crowds wherever he speaks and find out what role you may play in the unfolding of our “post-historical future” as we approach a major “concresence” in human history.

http://video.google.com/videoplay?docid=-6088867521723616224#

onsdag 7 september 2011

Fuel Shortage Hits Dakotas, Minnesota

North Dakota Petroleum Marketers Association Executive Director Mike Rud says with the harvest getting underway and a huge demand for diesel, supplies are short.

FARGO - A critical shortage of gasoline and diesel fuel is showing no signs of improving. North Dakota Petroleum Marketers Association Executive Director Mike Rud says with the harvest getting underway and a huge demand for diesel, supplies are short.

Rud says he and other industry representatives are working with the governor's office, trying to find ways to get more fuel into North Dakota from refineries in other parts of the country. Minnesota, South Dakota and Iowa are also experiencing fuel supply shortages.

http://www.kfgo.com/fm-headline-news.php?ID=0000005254

David R. Hawkins: "You is what is already"

http://www.youtube.com/watch?v=fcOW6-dHPtc

tisdag 6 september 2011

News Alert: Dutchsinse Youtube Account Shut Down!

If you type in Dutchsince's youtube account address: www.youtube.com/user/dutchsinse you will get the following screen and message:

This account has been terminated due to repeated or severe violations of our Community Guidelines and/or claims of copyright infringement.

Proof Dutch Was On To Something Big
Dutch was afraid they were going to do this. Having followed him closely the past few months as he was hot on the controllers heels identifying HAARP rings manipulating weather, and telling the real truth about the potency of the earth changes we're undergoing, all of which are either ignored or under-reported in the MSM news, he started getting hounded by trolls and no doubt government psyop complainers.

The case was building moreso recently, and then his best friend was shot several times, perhaps a warning to him to stop with the truth-telling.

Dutchsinse has been accurately forecasting severe weather and possible tornadic weather for months, with incredible accuracy. That our weather is very much manufactured and deliberately steered into population areas is a now a documented fact.

And apparently, they don't like that.

http://beforeitsnews.com/story/1053/141/News_Alert:_Dutchsince_Youtube_Account_Shut_Down.html

fredag 2 september 2011

The Last Secret of 9/11 Truth: The 46 Drills, War Games, and Operations that Made It All Happen

http://tarpley.net/2011/08/24/the-last-secret-of-911-truth/

FIFTH EDITION HEREWebster Tarpley answers the "unanswered questions of 9/11" and the non-sequiturs of the wild-eyed official conspiracy theory, by showing how this kind of inside job actually works. Tarpley also puts 9/11 in its real context of great power conflict and the ruling oligarchy. Brilliant writing on 512 packed pages, paperback. See Amazon Reviews. See also 5th edition - now with The 46 Drills of 9/11!

Webster Tarpley answers the "unanswered questions of 9/11" and the non-sequiturs of the wild-eyed official conspiracy theory, by showing how this kind of inside job actually works - by flipping the “terror drills” live. Tarpley also puts 9/11 in its real context of great power conflict and the ruling oligarchy. Brilliant writing on 560 packed pages, paperback. Print-on-demand rush edition: out on or before 9/11/11, list price $29.95, sale price: $19.95. regular edition, October 2011. List price $19.95, sale price: $14.95.

http://progressivepress.com/book-listing/911-synthetic-terror-made-usa-4th-ed

Rogue network -Syria Next

This week marks the fourth anniversary of the Kennebunkport Warning, whose text the reader will find elsewhere on this web site, together with related documentation. The Kennebunkport Warning of late August 2007 sought to prevent a false flag terror operation designed by the US-UK rogue network to facilitate an attack on Iran and/or Syria.

Today, four years later, world events have come full circle, and we must once again be on guard for a new and wider war in the same region. This might take the form of an attack by Turkey on Syria, organized in advance with the NATO command and occurring under the cover story of events inside Syria, where an uprising of armed commandos of the Moslem Brotherhood now appears to have been largely quelled by the Syrian Army.

In order to attack Syria without being portrayed as an aggressor, Turkey will need a better pretext. Given the traditions of NATO, it is likely that an attempt will be made to furnish such a pretext in the form of a false flag terror event inside Turkey to be blamed on Syria or Hezbollah, or in the form of an staged Gulf of Tonkin incident to permit the charge that Syria attacked Turkey first. Or, a large massacre of Moslem Brotherhood supporters inside Syria could be carried out in reality or merely simulated on a Hollywood set in Doha, Qatar, to motivate an invasion based on humanitarian grounds.

http://tarpley.net/2011/08/31/four-years-later-the-kennebunkport-warning-of-august-2007-confirmed-by-dick-cheney-on-his-new-autobiography/

War a Waste: $30 billion stolen by US contractors

The US wasted at least one dollar out of six on wars in Iraq and Afghanistan, which amounts to about US $30 billion, a bipartisan commission found. The sum may double in future, as foreign governments abandon unsustainable projects funded by the US.The Commission on Wartime Contracting in Iraq and Afghanistan is to report its sobering findings on Wednesday, but co-chairs Christopher Shays and Michael Thibault made parts of it public on Monday in an op-ed article in the Washington Post."Tens of billions of taxpayer dollars have been wasted through poor planning, vague and shifting requirements, inadequate competition, substandard contract management and oversight, lax accountability, weak inter-agency co-ordination, and sub-par performance or outright misconduct by some contractors and federal employees. Both government and contractors need to do better," they say.

http://www.youtube.com/watch?v=eSLcnIggWcw&feature=grec_index

Debt Union: Czech pres doesn't want 'Euro straitjacket'

Being in the Eurozone is not so different from being in a straitjacket - that's according to the President of the Czech Republic, Vaclav Klaus. Speaking at an economic summit in Austria, the president also blamed the Euro for being responsible for the debt crisis that's currently ravaging the European Union. His comments echo growing hostility towards the single currency among nations once queuing to join the prestigious club. That as the Czech Prime Minister also questioned his country's requirement to sign up with the currency bloc, saying they were told it was a monetary union, not a debt union. But the EU leadership maintains the crisis is temporary, and the Euro is safe and secure - something that Johan Van Overtveldt, the editor-in-chief of Trends magazine, disagrees with.
http://www.youtube.com/watch?feature=player_embedded&v=8OMSdVfOgMY#!