Archive for June, 2008
Cryptogon Readers Sign Up for Hosting with BlueHost
June 9th, 2008Thanks to the owners of shaw8.com and comradesimba.com for signing up for hosting with BlueHost. Cryptogon received $130.
Australian PM Wants Europe-Style Asia-Pacific Union
June 8th, 2008Sure. Via: Reuters: Australian Prime Minister Kevin Rudd said on Wednesday that he wants to see an Asia-Pacific Community by 2020 structured similar to the European Union. Rudd said there was a “brittleness” in bilateral ties, and that while regional bodies like ASEAN and APEC had achieved much, there was a need for a region-wide […]
Bilderberg 2008 Photos
June 8th, 2008Via: Cryptome: The Bilderberg Meeting is taking place at the Westfields Marriott Hotel, Chantilly, VA, June 6-8, 2008.
Cryptogon Readers Send Contributions
June 7th, 2008JW sent $35 and AS sent $50. Thank you.
Oil: The Event
June 7th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Before I begin, I want to emphasize that this market is for experts only. Unless you trade for a living, I wouldn’t go near this either way. Oil has formed a bullish engulfing candle formation on the weekly chart. It has […]
OIL SURGES $11 to RECORD $138
June 7th, 2008This was an insane move. I’ll have some charts up next post. Earlier, I wrote, “Gold, oil and the U.S. Dollar Index are all rangebound slop now. Know that your indicators contain more noise here.” That was midway through the session. With this weekly candle in, the picture is substantially different now. We’ll look at […]
China Buying Time at $2.49 Per Gallon
June 6th, 2008In short: The Chinese government is massively subsidizing gasoline prices. Via: Forbes: Beijing is holding down many prices–including oil–with a cumbersome price-control scheme. Consider the following: Since January 2007, global crude oil prices have risen by 109%; gasoline prices in the U.S. have risen by 77% (roughly apace); gasoline prices in China have risen only […]
Secret Plan to Keep U.S. Forces in Iraq Indefinitely
June 6th, 2008The U.S. will never leave Iraq voluntarily. A hasty retreat, Saigon style, because of imperial overextension? Maybe. But no orderly withdrawal. Don’t be fooled by this nonsense theater. Doubt it? What part of Superbase don’t you understand? That’s what people in the business of exploitation and death call a “geostrategic asset.” States don’t give up […]
U.S. Unemployment Up Sharply
June 6th, 2008It’s pointless to post government unemployment statistics, but even by their bogus numbers, it’s the biggest rise in more than two decades. Via: Bloomberg: The U.S. lost jobs in May for a fifth month and the unemployment rate rose by the most in more than two decades, signaling that the world’s largest economy is stalling. […]
MBIA, Ambac, $1 Trillion of Debt, Downgraded
June 6th, 2008Via: Bloomberg: MBIA Inc. and Ambac Financial Group Inc., the world’s largest bond insurers, had their AAA financial strength rankings cut by Standard & Poor’s, taking with them the ratings on more than $1 trillion of securities they guaranteed. The ratings were lowered two levels to AA, New York-based S&P said in a statement today. […]
