Archive for September, 2007
The Coming Financial Crash: “Where Everyone in the House is Crazy Only the Sane Seem Like Fools”
September 12th, 2007Via: European Tribune: The unease, verging on panic, about sub-prime mortgages has given us a glimpse of what is ahead. But, let us be very clear, it has been only a glimpse. Sub-prime securitised mortgages are only a relatively tiny part of the huge credit and debt structure involved in what we may group under […]
MEXICO GAS LINE EXPLOSIONS FORCE MAJOR FACTORIES TO CLOSE DOWN
September 12th, 2007I can’t think of a time in history when the individual insurgent has had such an incredible asymmetric advantage over his opponent. Hierarchical dominator systems—now enjoying primacy on a global scale—exist atop a delicate grid of undefended energy and information infrastructures. With just a bit of intelligent planning, today’s insurgent can turn a small improvised […]
Treasury Gain May Falter; Foreign Holders Flee Dollar
September 11th, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. There is going to be great pain here as older, wealthier people wake up to the fact that their “fixed income” class investments are wild ass, risk of ruin gambles. We’ve been through it over and over again: Shelter, water, food, […]
Banks Face 10-Day Debt Timebomb
September 11th, 2007This might be related to the massive Eurostoxx 50 put options bet that is in play now. Related: Telegraph: Britain’s biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos. Almost […]
Mexico: Insurgents Attack Six Oil and Gas Pipelines
September 11th, 2007Undefended critical infrastructure… Via: Reuters: Explosions rocked Mexico on Monday as attacks on six pipelines disrupted oil and gas supplies and forced thousands from their homes, just weeks after leftist rebels set off a string of pipeline bombs. Huge billowing flames lit the night sky after the blasts in the early hours of the morning. […]
Crude Oil Nears Record on Signs OPEC Will Keep Output Quota
September 11th, 2007According to my Magic 8-Ball, OPEC probably can’t increase output. In the Past Peak world, look for demand destruction to occur through economic collapse or kill off or both. Have a nice day. Via: Bloomberg: Crude oil rose to within 50 cents of a record on speculation rising demand and restricted OPEC production may tighten […]
Chip Implants Linked to Malignant Tumors
September 11th, 2007Would you like some NutraSweet/aspartame with that? Via: Yahoo / AP: When the U.S. Food and Drug Administration approved implanting microchips in humans, the manufacturer said it would save lives, letting doctors scan the tiny transponders to access patients’ medical records almost instantly. The FDA found “reasonable assurance” the device was safe, and a sub-agency […]
How Absurd Can it Get? Shell Considering Nuclear Power for Tar Sands Program in Canada
September 11th, 2007I thought, for sure, that this was an Onion article. Nope. Get ready for, “The worst of all worlds.” Via: Telegraph: Shell is considering using nuclear power to operate its controversial tar sands programme in Canada. Tar sands extraction – mining oil from a mixture of sand or clay, water and very heavy crude oil […]
Was that Nuclear-Armed B-52 Flight Destined for Iran?
September 10th, 2007Via: This Can’t Be Happening: There’s something definitely screwy about the August 30 incident in which a B-52 bomber flew from Minot AFB in North Dakota to Barksdale AFB in Louisiana carrying five fully armed Advanced Cruise Missiles, each equipped with nuclear bombs capable of exploding at anything from 5 kilotons to 150 kilotons. The […]
New Zealand: Antidepressants Given to Babies
September 10th, 2007Via: New Zealand Herald: Medical authorities are mystified and concerned at figures suggesting antidepressant drugs are being prescribed for children, some less than a year old. Records of the national drug buying agency Pharmac suggest thousands of prescriptions a year are being written for children under 10. Antidepressants are powerful psychiatric drugs with potentially severe […]
