To Avoid Financial Destruction by Jim Sinclair
My Dear Extended Family,
Things are now "Out of Control."
This international financial crisis is now out of control as the world asks if the USA has two presidents, one president or no president at all.
It would appear that Paulson is in financial control with Bernanke as his second.
I warned you by personal email long before the statement was proven totally correct that “This is it.” That was followed by “This is it, and it is now.” Many people laughed it off.
This is it, and it is now.
Now it is out of control.
Now we enter the Collapse of Confidence period.
Then we begin the Weimar Experience.
It has all hit the fan, and still the absolute majority have no clue. The OTC derivative dealers broke the system into millions of pieces of glass. This broken glass cannot be put back together.
It is heart rending to see a picture of GM autoworkers holding a prayer meeting for their retirement funds. The retirement money was never funded. It is a lost hope. This is another responsibility the government has undertaken that is going to go wild.
Those of you still in freeze frame are headed for lines around your bank. Your bank will likely be acquired by another bank that also is in deep trouble.
The US dollar, like a leaderless company, will lose its respect and therefore value.
In order of importance the following MUST be done unless you want to be one of the suffering masses that will be all too visible this winter:
1. You must have your assets held anywhere they are in true custodial-ship accounts. That type of account at a bank or broker states clearly that the assets held there are not on the balance sheet of the host financial entity. Those assets are clearly segregated in your name. This must be reviewed by counsel to be sure you have what you think you have. Don’t cheap out. All you have is depending on the validity of true custodial-ship accounts.
You cannot know all the banks are broke, however I feel ALL banks are broke because finance is an intertwined system that if visible would look like a spider’s web. Problems on the top will materialize all along the web. Therefore the singular most important step you must take is the establishment of a true custodial-ship account.
Do not assume you have this type of account unless a competent attorney reviews the account papers.
2. I am extremely concerned about those of you who persist in holding certificates for gold rather than holding the actual metal either delivered to you or held for you in a true custodial-ship type account. The scams out there in gold are plentiful. The only way to avoid these scams absolutely is to have your gold in your own possession.
Every other means of holding gold is steps away from perfection. Some will be ok, but many will not.
3. Why would anyone fail to either take paper certificates or order their financial agent to make direct registration book entry at the transfer agent? In most cases you only have until year-end to accomplish this strategy.
4. Withdraw from ETFs.
5. If you carelessly keep large assets with your broker you are as mad as a hatter. The FDIC DOES NOT have the money to guarantee all they are undertaking. Withdraw excess money constantly from any net broker. If you are so stubborn that you think you can trade to insure yourself when your funds are not making money while still getting your money that counts you are nuts. Admit to yourself you are nothing more than a gambling addict in a downward spiral.
6. Leave no gold or coins with any coin dealer.
7. If you can withdraw from your corporate retirement plan do it.
8. Withdraw from credit unions.
9. Withdraw from all money market instruments.
10. This is it.
11. It is now.
12. It is out of control NOW.
The next two months are going to be shocking, but nothing compared to what you will have to experience in 2009.
Respectfully yours,
Jim
masqara
Tuesday, November 25, 2008
Thursday, November 20, 2008
China PBOC Mulls Raising Gold Reserve by 4,000 T
BEIJING (Dow Jones)--China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong.
The Guangzhou-based newspaper didn't elaborate on the plan.
China's forex reserves, at US$1.9056 trillion at the end of September, is the world's largest. U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, account for a big proportion of the forex reserves.
Newspaper Web site: http://gzdaily.dayoo.com
The Guangzhou-based newspaper didn't elaborate on the plan.
China's forex reserves, at US$1.9056 trillion at the end of September, is the world's largest. U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, account for a big proportion of the forex reserves.
Newspaper Web site: http://gzdaily.dayoo.com
Thoughts
I see the SP drifting below 800 by the week... Yet some is cooking around, or better the liquidity was cut in waiting the next event so to try to curb again the fall...but Its just curbing, a spike and then sell again....
this has just no sense of holding stock so overvalued imo..now youll be telling me am mad in saying overvalued....actually not ...since overvaluation was a factor of a wrong based global boom, that will end very poorly..
There's simply no phsical room for growth as we have seen in the past 10-40 years anymore. There were some huge mistakes made by our leading classes.
But at the very end am happy of It, as current model of falsification and selling dreams has been eroding most of our planetary resources, from copper to zinc to food and water etc.. Plus the 6.8 billions of consumers are now Ill, nothing to buy...no economy to sustain, no production to be made....
As am saying the bigger human fraud of history under the name of falsifications from a wealthy bunch of gangsters..
Como Perrie November 19, 2008
this has just no sense of holding stock so overvalued imo..now youll be telling me am mad in saying overvalued....actually not ...since overvaluation was a factor of a wrong based global boom, that will end very poorly..
There's simply no phsical room for growth as we have seen in the past 10-40 years anymore. There were some huge mistakes made by our leading classes.
But at the very end am happy of It, as current model of falsification and selling dreams has been eroding most of our planetary resources, from copper to zinc to food and water etc.. Plus the 6.8 billions of consumers are now Ill, nothing to buy...no economy to sustain, no production to be made....
As am saying the bigger human fraud of history under the name of falsifications from a wealthy bunch of gangsters..
Como Perrie November 19, 2008
Saturday, November 15, 2008
Iran switches reserves to gold
TEHRAN (Reuters) - Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July.
Iran, the world's fourth-largest oil producer, is under U.N. and U.S. sanctions over its disputed nuclear programme and is now also facing declining revenue from its oil exports after crude prices tumbled.
"With the plans of the presidency...the country's money reserves were changed into gold so that we wouldn't be faced with many problems in the future," presidential adviser Mojtaba Samareh-Hashemi was quoted as saying by business daily Poul.
He gave no figures or other details.
Before oil prices plunged by more than 60 percent from a peak of $147 per barrel in July, Iran made windfall gains from its crude exports and in April estimated its foreign exchange reserves at about $80 billion.
Iranian officials in July denied reports Iranian banks were moving funds from Europe, with one report suggesting as much as $75 billion had been withdrawn and converted into gold or placed in Asian banks, because of a threat of tightening sanctions.
The International Monetary Fund said in August that if the price of Iranian crude fell to $75 a barrel, Iran would face a current account deficit in the medium term that would be tough to sustain due to Tehran's financial isolation.
On Friday, U.S. crude fell $1.20 at $57.04.
Gold futures ended more than 5 percent higher on Friday and bullion ended the week about $10 higher compared with its last Friday's close of $735.95 as investors covered short positions.
Iran, the world's fourth-largest oil producer, is under U.N. and U.S. sanctions over its disputed nuclear programme and is now also facing declining revenue from its oil exports after crude prices tumbled.
"With the plans of the presidency...the country's money reserves were changed into gold so that we wouldn't be faced with many problems in the future," presidential adviser Mojtaba Samareh-Hashemi was quoted as saying by business daily Poul.
He gave no figures or other details.
Before oil prices plunged by more than 60 percent from a peak of $147 per barrel in July, Iran made windfall gains from its crude exports and in April estimated its foreign exchange reserves at about $80 billion.
Iranian officials in July denied reports Iranian banks were moving funds from Europe, with one report suggesting as much as $75 billion had been withdrawn and converted into gold or placed in Asian banks, because of a threat of tightening sanctions.
The International Monetary Fund said in August that if the price of Iranian crude fell to $75 a barrel, Iran would face a current account deficit in the medium term that would be tough to sustain due to Tehran's financial isolation.
On Friday, U.S. crude fell $1.20 at $57.04.
Gold futures ended more than 5 percent higher on Friday and bullion ended the week about $10 higher compared with its last Friday's close of $735.95 as investors covered short positions.
Thursday, November 13, 2008
Medvedev market
MOSCOW, Nov 13 (Reuters) - Russian stocks have shed more than $1 trillion during Dmitry Medvedev's presidency as investors dump Russian assets on concerns the economy is sinking
into the worst crisis for a decade, investors said on Thursday. Stocks, bonds and the rouble have plummeted since a brief period of euphoria following Medvedev's May 7 inauguration.
The dollar-dominated RTS exchange <.IRTS> said the capitalisation of the stocks it handles has fallen more than $1 trillion to less than $400 billion since a market peak on May 19.
The crisis has further undermined confidence, already shaken by a series of corporate conflicts, worries about state intervention in companies and the war in Georgia.
"Things are as bad as they possibly could be: the Russian market no longer functions," said James Beadle, an asset manager at Pilgrim Asset Management, which invests in stocks and bonds. "The main reasons are obviously what is going on globally, particularly with commodity prices, and political issues within Russia," said Beadle. The crisis has undermined the Kremlin's ambitions to take Russia to the top table of world finance and illustrated the weaknesses of Russia's economy, which is heavily reliant on the export of oil, gas and natural resources.
The price of Urals crude , the main type of oil sold by Russia, fell to just over $50 on Thursday, the lowest since the start of 2007, from more than $140 in July. Trading on Russia's MICEX rouble denominated stock index <.MCX> was halted 35 minutes after opening on Thursday after the index tumbled as much as 17 percent, Gazprom , the world's largest natural gas company by reserves, has seen its market capitalisation slide $270 billion since late May to less than $100 billion.
DEATH SPIRAL?
The Russian stock market is now in what some investors are calling a "death spiral." Sovereign bond yields have soared and the central bank is being forced to sell tens of billions of dollars of reserves to support the rouble. The meltdown has revived memories of the 1998 devaluation of
the rouble and Russia's default on $40 billion in debt, an event which sent a wave of volatility through world markets. "This is on par with 1998 in terms of value destruction though it is not as structural as it was in 1998 -- it is now more about confidence and liquidity issues," said Beadle. Economists say falls in the price of oil threaten a ten-year economic boom and the stability that former President Vladimir Putin, who is now prime minister, was credited with enforcing after the chaos of the 1990s. The market falls under Medvedev -- whose name derives from the Russian word for bear -- have even spawned a series of quips from traders about bear markets. But investors said Medvedev, a 43-year-old former corporate lawyer, has fallen victim to the failure of his predecessor to reform the Russian economy. "This crisis shows what we all knew: that the Russians have not implemented any of the reforms they really needed to over
the past four or five years," said one investor who asked not to be named because of the sensitivity of the situation. The political fallout from the market slump has so far been muted, with opinion polls giving high popularity ratings to Putin and Medvedev. Critics say the Kremlin uses its power to contain any dissent. Plummeting confidence has been further diminished by a
series of state probes into Russian companies, including Uralkali and Mechel . Russia had a net capital outflow of $50 billion in October, the biggest on record, and more than $100 billion has been shaved off gold and forex reserves in three months. The turnaround in Russia's fortunes could not be sharper: in July Medvedev told an investor conference that the rouble should
be a reserve currency and Moscow a financial capital. Russia has hoarded the third largest gold and forex reserves in the world during the bull market for oil but all eyes are now on the rouble .
Dollars were on sale in Moscow at exchange offices on Thursday at 28.25 roubles. In May, the dollar cost about 24 roubles. "The population has seen its savings destroyed several times
in the last twenty years, and will not take any chances," Beadle said. "Popular as Russia's current leaders are, citizens have learned to be cautious with their savings."
into the worst crisis for a decade, investors said on Thursday. Stocks, bonds and the rouble have plummeted since a brief period of euphoria following Medvedev's May 7 inauguration.
The dollar-dominated RTS exchange <.IRTS> said the capitalisation of the stocks it handles has fallen more than $1 trillion to less than $400 billion since a market peak on May 19.
The crisis has further undermined confidence, already shaken by a series of corporate conflicts, worries about state intervention in companies and the war in Georgia.
"Things are as bad as they possibly could be: the Russian market no longer functions," said James Beadle, an asset manager at Pilgrim Asset Management, which invests in stocks and bonds. "The main reasons are obviously what is going on globally, particularly with commodity prices, and political issues within Russia," said Beadle. The crisis has undermined the Kremlin's ambitions to take Russia to the top table of world finance and illustrated the weaknesses of Russia's economy, which is heavily reliant on the export of oil, gas and natural resources.
The price of Urals crude , the main type of oil sold by Russia, fell to just over $50 on Thursday, the lowest since the start of 2007, from more than $140 in July. Trading on Russia's MICEX rouble denominated stock index <.MCX> was halted 35 minutes after opening on Thursday after the index tumbled as much as 17 percent, Gazprom , the world's largest natural gas company by reserves, has seen its market capitalisation slide $270 billion since late May to less than $100 billion.
DEATH SPIRAL?
The Russian stock market is now in what some investors are calling a "death spiral." Sovereign bond yields have soared and the central bank is being forced to sell tens of billions of dollars of reserves to support the rouble. The meltdown has revived memories of the 1998 devaluation of
the rouble and Russia's default on $40 billion in debt, an event which sent a wave of volatility through world markets. "This is on par with 1998 in terms of value destruction though it is not as structural as it was in 1998 -- it is now more about confidence and liquidity issues," said Beadle. Economists say falls in the price of oil threaten a ten-year economic boom and the stability that former President Vladimir Putin, who is now prime minister, was credited with enforcing after the chaos of the 1990s. The market falls under Medvedev -- whose name derives from the Russian word for bear -- have even spawned a series of quips from traders about bear markets. But investors said Medvedev, a 43-year-old former corporate lawyer, has fallen victim to the failure of his predecessor to reform the Russian economy. "This crisis shows what we all knew: that the Russians have not implemented any of the reforms they really needed to over
the past four or five years," said one investor who asked not to be named because of the sensitivity of the situation. The political fallout from the market slump has so far been muted, with opinion polls giving high popularity ratings to Putin and Medvedev. Critics say the Kremlin uses its power to contain any dissent. Plummeting confidence has been further diminished by a
series of state probes into Russian companies, including Uralkali and Mechel . Russia had a net capital outflow of $50 billion in October, the biggest on record, and more than $100 billion has been shaved off gold and forex reserves in three months. The turnaround in Russia's fortunes could not be sharper: in July Medvedev told an investor conference that the rouble should
be a reserve currency and Moscow a financial capital. Russia has hoarded the third largest gold and forex reserves in the world during the bull market for oil but all eyes are now on the rouble .
Dollars were on sale in Moscow at exchange offices on Thursday at 28.25 roubles. In May, the dollar cost about 24 roubles. "The population has seen its savings destroyed several times
in the last twenty years, and will not take any chances," Beadle said. "Popular as Russia's current leaders are, citizens have learned to be cautious with their savings."
Friday, November 7, 2008
God bless America
The country is is trouble anyway and no one including McCain's Mcplan and Obama's no-plan can bail things in 4 years..it's too deep of a crap hole, too screwed up. So on a lighter note, from a travel agent's point of view, THE COUNTRY IS IN TROUBLE:
Why our Country is in Trouble according to a DC airport ticket agent who offers some examples of 'why' U.S.A. is in trouble:
1. I had a New Hampshire Congresswoman ask for an aisle seat so that her hair wouldn't get messed up by being near the window. (On an airplane!)
2. I got a call from a candidate's staffer, who wanted to go to Capetown. I started to explain the length of the flight and the passport information, and then she interrupted me with, ''I'm not trying to make you look stupid, but Capetown is in Massachusetts .''
Without trying to make her look stupid, I calmly explained, ''Cape Cod is in Massachusetts , Capetown is in Africa ''. Her response - click.
3. A senior Vermont Congressman called, furious about a Florida package we did. I asked what was wrong with the vacation in Orlando. He said he was expecting an ocean-view room. I tried to explain that's not possible, since Orlando is in the middle of the state. He replied, 'don't lie to me, I looked on the map and Florida is a very thin state!'' (OMG)
4. I got a call from a lawmaker's wife who asked, ''Is it possible to see England from Canada ?''
I said, ''No.'' She said, ''But they look so close on the map.'' (OMG, again!)
5. An aide for a cabinet member once called and asked if he could rent a car in Dallas. When I pulled up the reservation, I noticed he had only a 1-hour layover in Dallas. When I asked him why he wanted to rent a car, he said, ''I heard Dallas was a big airport, and we will need a car to drive between gates to save time.'' (Aghhhh)
6. An Illinois Congresswoman called last week. She needed to know how it was possible that her flight from Detroit left at 8:30 a.m., and got to Chicago at 8:33 a.m. I explained that Michigan was an hour ahead of Illinois , but she couldn't understand the concept of time zones...Finally, I told her the plane went very very fast, and she bought that.
7. A New York lawmaker called and asked, ''Do airlines put your physical description on your bag so they know whose luggage belongs to whom?'' I said, 'No, why do you ask?'
She replied, ''Well, when I checked in with the airline, they put a tag on my luggage that said (FAT), and I'm overweight. I think that's very rude!'' ...After putting her on hold for a minute, while I looked into it. (I was dying laughing). I came back and explained the city code for Fresno , C A is (FAT - Fresno Air Terminal), and the airline was just putting a destination tag on her luggage.
8. A Senator's aide called to inquire about a trip package to Hawaii . After going over all the cost info, she asked, ''Would it be cheaper to fly to California , and then take the train to Hawaii ?''
9. I just got off the phone with a freshman Congressman who asked, ''How do I know which plane to get on?'' I asked him what exactly he meant, to which he replied, ''I was told my flight number is 823, but none of these planes have numbers on them.''
10. A lady Senator called and said, ''I need to fly to Pepsi-Cola , Florida. Do I have to get on one of those little computer planes?'' I asked if she meant fly to Pensacola , FL on a commuter plane. She said, ''Yeah, whatever, smarty!''
11. A senior Senator called and had a question about the documents he needed in order to fly to China . After a lengthy discussion about passports, I reminded him that he needed a visa. 'Oh, no I don't. I've been to China many times and never had to have one of those.'' I double checked and sure enough, his stay required a visa. When I told him this he said, ''Look, I've been to China four times. and every time they have accepted my American Express!''
12. A New Mexico Congress woman called to make reservations, ''I want to go from Chicago to Rhino, New York .'' I was at a loss for words. Finally, I said, ''Are you sure that's the name of the town?'' ' 'Yes, what flights do you have?'' replied the lady. After some searching, I came back with, ''I'm sorry, ma'am, I've looked up every airport code in the country and can't find a rhino anywhere.' ''The lady retorted, ''Oh, don't be silly! Everyone knows where it is. Check your map!'' So I scoured a map of the state of New York and finally offered, ''You don't mean Buffalo , do you?'' The reply? ''Whatever! I knew it was a big animal.''
Why our Country is in Trouble according to a DC airport ticket agent who offers some examples of 'why' U.S.A. is in trouble:
1. I had a New Hampshire Congresswoman ask for an aisle seat so that her hair wouldn't get messed up by being near the window. (On an airplane!)
2. I got a call from a candidate's staffer, who wanted to go to Capetown. I started to explain the length of the flight and the passport information, and then she interrupted me with, ''I'm not trying to make you look stupid, but Capetown is in Massachusetts .''
Without trying to make her look stupid, I calmly explained, ''Cape Cod is in Massachusetts , Capetown is in Africa ''. Her response - click.
3. A senior Vermont Congressman called, furious about a Florida package we did. I asked what was wrong with the vacation in Orlando. He said he was expecting an ocean-view room. I tried to explain that's not possible, since Orlando is in the middle of the state. He replied, 'don't lie to me, I looked on the map and Florida is a very thin state!'' (OMG)
4. I got a call from a lawmaker's wife who asked, ''Is it possible to see England from Canada ?''
I said, ''No.'' She said, ''But they look so close on the map.'' (OMG, again!)
5. An aide for a cabinet member once called and asked if he could rent a car in Dallas. When I pulled up the reservation, I noticed he had only a 1-hour layover in Dallas. When I asked him why he wanted to rent a car, he said, ''I heard Dallas was a big airport, and we will need a car to drive between gates to save time.'' (Aghhhh)
6. An Illinois Congresswoman called last week. She needed to know how it was possible that her flight from Detroit left at 8:30 a.m., and got to Chicago at 8:33 a.m. I explained that Michigan was an hour ahead of Illinois , but she couldn't understand the concept of time zones...Finally, I told her the plane went very very fast, and she bought that.
7. A New York lawmaker called and asked, ''Do airlines put your physical description on your bag so they know whose luggage belongs to whom?'' I said, 'No, why do you ask?'
She replied, ''Well, when I checked in with the airline, they put a tag on my luggage that said (FAT), and I'm overweight. I think that's very rude!'' ...After putting her on hold for a minute, while I looked into it. (I was dying laughing). I came back and explained the city code for Fresno , C A is (FAT - Fresno Air Terminal), and the airline was just putting a destination tag on her luggage.
8. A Senator's aide called to inquire about a trip package to Hawaii . After going over all the cost info, she asked, ''Would it be cheaper to fly to California , and then take the train to Hawaii ?''
9. I just got off the phone with a freshman Congressman who asked, ''How do I know which plane to get on?'' I asked him what exactly he meant, to which he replied, ''I was told my flight number is 823, but none of these planes have numbers on them.''
10. A lady Senator called and said, ''I need to fly to Pepsi-Cola , Florida. Do I have to get on one of those little computer planes?'' I asked if she meant fly to Pensacola , FL on a commuter plane. She said, ''Yeah, whatever, smarty!''
11. A senior Senator called and had a question about the documents he needed in order to fly to China . After a lengthy discussion about passports, I reminded him that he needed a visa. 'Oh, no I don't. I've been to China many times and never had to have one of those.'' I double checked and sure enough, his stay required a visa. When I told him this he said, ''Look, I've been to China four times. and every time they have accepted my American Express!''
12. A New Mexico Congress woman called to make reservations, ''I want to go from Chicago to Rhino, New York .'' I was at a loss for words. Finally, I said, ''Are you sure that's the name of the town?'' ' 'Yes, what flights do you have?'' replied the lady. After some searching, I came back with, ''I'm sorry, ma'am, I've looked up every airport code in the country and can't find a rhino anywhere.' ''The lady retorted, ''Oh, don't be silly! Everyone knows where it is. Check your map!'' So I scoured a map of the state of New York and finally offered, ''You don't mean Buffalo , do you?'' The reply? ''Whatever! I knew it was a big animal.''
Tuesday, October 28, 2008
Don't worry, be happy
Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the following:
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy.
The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US".
and you?"
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy.
The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US".
and you?"
Wednesday, September 17, 2008
Pakistan's military to fire on US troops
Pakistan's military said today its forces had received orders to fire on US troops if they entered Pakistani territory, after a cross-border raid inflamed public opinion.
The country's civilian leaders, who have taken a tough line against militants, have insisted Pakistan must resolve the dispute with the US through diplomatic channels. But the military has taken a more robust line.
General Athar Abbas, an army spokesman, told the Associated Press that after a cross-border assault in the south Waziristan region earlier this month, the military told its field commanders to take action to prevent any similar raids.
"The orders are clear," Abbas said in an interview. "In case it happens again in this form, that there is a very significant detection, which is very definite, no ambiguity, across the border, on ground or in the air: open fire."
Friday, September 12, 2008
Barack Obama : "You can put lipstick on a pig"
- a reference the Republican campaign claim to their Sarah Palin. "You can wrap an old fish in a pieceof paper called change. It's still going to stink."
Tuesday, August 12, 2008
Americans dont need a coach to win
In the days since a knifing attack at a Beijing tourist attraction, the coach of the U.S. men's volleyball team said his family has been consumed with the shock of his father-in-law's death and with arranging care for his severely wounded mother-in-law. Hugh McCutcheon said he has been helping his wife Elisabeth Bachman, a former Olympian, "talk through" the grief. Beyond that, he said he realized the attack has affected his men's team, which worked hard to qualify for the Beijing Olympics, and the women's team, including teammates of Elisabeth at the 2004 Athens Games.
USA - Venezuela 3-2 USA -Italy 3-1. I suspect the Americans are main challengers of the Gold in Beijing.
Thursday, July 3, 2008
Is the ECB chasing its own tail?
Should they shock oil speculators by leaving
rates unchanged tomorrow?
Over the last week a few analysts have argued that the European Central Bank
is chasing its own tail. The argument goes like this: The ECB hikes interest
rates to fight inflation, a higher interest rate in Europe pushes EUR/USD
higher, a rising EUR/USD pushes oil prices higher, record oil prices increase
inflation pressures, and we're back at square one. These analysts argue that
the ECB is actually fueling inflation by raising interest rates
rates unchanged tomorrow?
Over the last week a few analysts have argued that the European Central Bank
is chasing its own tail. The argument goes like this: The ECB hikes interest
rates to fight inflation, a higher interest rate in Europe pushes EUR/USD
higher, a rising EUR/USD pushes oil prices higher, record oil prices increase
inflation pressures, and we're back at square one. These analysts argue that
the ECB is actually fueling inflation by raising interest rates
Wednesday, July 2, 2008
Will americans get out
of the tight china-russian grip? In this Wimbledon experts wait for repetition of Williams sisters final. Here are the probabilities: link
| Jie Zheng/ S.Williams | 1/6 |
| E.Demetieva/V.Williams | 1/3 |
Sunday, June 29, 2008
Iran to dig thousands of graves for enemy soldiers
IRAN is to dig 320,000 graves in border districts to allow for the burial of enemy soldiers in the event of any attack on its territory, a top commander said today.
"In implementation of the Geneva Conventions ... the necessary measures are being taken to provide for the burial of enemy soldiers,'' the Mehr news agency quoted General Mir-Faisal Bagherzadeh as saying."We have plans to dig 15,000 to 20,000 graves in each of the border provinces or a total of 320,000,'' the general said, adding that some of them would be mass graves if necessary.
Mr Bagherzadeh said Iran was keen to "reduce the suffering of the families of the fallen in any attack against our country ... and prevent any repetition of the long and bitter experience of the Vietnam War''.
His comments came as the United States continued to refuse to rule out an eventual resort to force against Iran over its contested nuclear program, which the West fears is cover for a drive to build an atomic weapon.
P.S. WTI 141.63
Iran Gen Warns Would Use Control Of Strait If Attacked
TEHRAN (AFP)--The chief of Iran's elite Revolutionary Guards warned that Iran
would use its control of the Strait of Hormuz in response to an attack, a
newspaper reported on Saturday.
"It is natural that when a country is attacked it uses all of its
capabilities against the enemy, and definitely our control of the Persian
Gulf and the Strait of Hormuz would be one of our actions," General Mohammad
Ali Jafari told the conservative daily Jam-e Jam.
The strait is a vital conduit for energy supplies, with about 20%-25% of the
world's crude oil from Gulf oil producers passing through the waterway.
"Certainly if there is fighting... the scope will be extended to oil, meaning
its price will increase drastically. This will deter our enemies from taking
action against Iran."
His comments came after U.S. media reported that more than 100 Israeli
warplanes staged a training exercise with Greece earlier this month to
prepare for a possible long-distance strike - a maneuver seen as a warning to
Tehran.
would use its control of the Strait of Hormuz in response to an attack, a
newspaper reported on Saturday.
"It is natural that when a country is attacked it uses all of its
capabilities against the enemy, and definitely our control of the Persian
Gulf and the Strait of Hormuz would be one of our actions," General Mohammad
Ali Jafari told the conservative daily Jam-e Jam.
The strait is a vital conduit for energy supplies, with about 20%-25% of the
world's crude oil from Gulf oil producers passing through the waterway.
"Certainly if there is fighting... the scope will be extended to oil, meaning
its price will increase drastically. This will deter our enemies from taking
action against Iran."
His comments came after U.S. media reported that more than 100 Israeli
warplanes staged a training exercise with Greece earlier this month to
prepare for a possible long-distance strike - a maneuver seen as a warning to
Tehran.
Tuesday, June 10, 2008
Lukoil opened America.
06.09.2008 Lukoil shipped first 70,000 mt of crude oil from its new Barents Sea Varandey terminal to canadian port Come By Chance. Link
Thursday, June 5, 2008
Thursday, May 29, 2008
What drives oil prices up if market is well supplied?
DUBAI (Zawya Dow Jones)--The United Arab Emirates, the fourth-largest oil producer in the Organization of Petroleum Exporting Countries, will be ready to pump more crude if demand increases, an official said Thursday.
"The U.A.E. is ready to supply the market with more oil if needed," Ali Obaid Al Yabhouni, the emirates' OPEC governor told reporters in Dubai. "But our markets are satisfied and they have not asked for more."
On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $130.37 a barrel at 0645 GMT, losing 66 cents in the Globex electronic session.
OPEC nations are coming under relentless pressure from consumers in Europe and the U.S. where there is rising concern that high fuel costs may lead to a steep economic downturn.
Al Yabhouni added "these current prices are moving too fast, too high." The U.A.E. pumps about 2.6 million barrels a day of crude and ranks behind Saudi Arabia, Iran and Venezuela in OPEC's output hierarchy.
The International Energy Agency predicts world oil demand will increase by 1 million barrels a day to 86.8 million barrels a day this year as oil use grows in emerging economies such as China.
In the U.S., the world's largest oil consumer, demand has been wilting amid record high prices and a faltering economy. The Energy Information Administration on Wednesday reported U.S. oil demand fell by 4.3%, or nearly 900,000 barrels a day, in the first quarter, to 19.9 million barrels a day. That's the lowest level of consumption for any quarter since mid-2003.
Hasan Qabazard, head of research at OPEC, which pumps about 40% of the world's oil, said Thursday that oil stocks had gained in the second-quarter.
Qabazard, who advises OPEC's 13 ministerial delegations, told reporters in Dubai that he expects stocks to build "even higher" this year dampening expectations that the cartel may cave into political pressure and hold an impromptu emergency meeting ahead of its next scheduled gathering in September.
"The U.A.E. is ready to supply the market with more oil if needed," Ali Obaid Al Yabhouni, the emirates' OPEC governor told reporters in Dubai. "But our markets are satisfied and they have not asked for more."
On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $130.37 a barrel at 0645 GMT, losing 66 cents in the Globex electronic session.
OPEC nations are coming under relentless pressure from consumers in Europe and the U.S. where there is rising concern that high fuel costs may lead to a steep economic downturn.
Al Yabhouni added "these current prices are moving too fast, too high." The U.A.E. pumps about 2.6 million barrels a day of crude and ranks behind Saudi Arabia, Iran and Venezuela in OPEC's output hierarchy.
The International Energy Agency predicts world oil demand will increase by 1 million barrels a day to 86.8 million barrels a day this year as oil use grows in emerging economies such as China.
In the U.S., the world's largest oil consumer, demand has been wilting amid record high prices and a faltering economy. The Energy Information Administration on Wednesday reported U.S. oil demand fell by 4.3%, or nearly 900,000 barrels a day, in the first quarter, to 19.9 million barrels a day. That's the lowest level of consumption for any quarter since mid-2003.
Hasan Qabazard, head of research at OPEC, which pumps about 40% of the world's oil, said Thursday that oil stocks had gained in the second-quarter.
Qabazard, who advises OPEC's 13 ministerial delegations, told reporters in Dubai that he expects stocks to build "even higher" this year dampening expectations that the cartel may cave into political pressure and hold an impromptu emergency meeting ahead of its next scheduled gathering in September.
One exporter less ...
May 28 (Bloomberg) -- Indonesia, the only OPEC member in Southeast Asia, will pull out of the organization as its oil imports exceed exports
Tuesday, May 13, 2008
D Safina surprisingly passed through J. Enen (1/4) and S. Williams (1/2).
Sunday, May 11, 2008
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