Wednesday, May 23, 2012
Hydeskov says the German Chancellor will definitely insist on the continuation of the austerity pact in her meeting with the new French president. He adds that Germany has benefited a great deal from the current structure of the Eurozone.
"European Political Leaders are Control Freaks" - 'Greeks forced into corner by EU, compelled to chose euro' says John Laughland
Submitted by Tyler Durden:
We have laid out in great detail over the past few months the contagious paths, game-theoretical endgames, and transmission channels that would occur should a nation (Greece for example) leave the Euro. Yet the covered matter is not simple, which is why sometimes the best representation is the visual one. The Financial Times has outdone themselves with the best graphical (and audio walkthrough) representation of this process. From the collapse of the domestic banking system (and its possible social implications) to the creation of a new 'local' currency absent foreign capital aid, to the obvious 'who's next?' question that leads inevitably to exaggerated bank runs across other weak European nations and ultimately more pressure on already weak economies to exit the Euro - hastening a wholesale Euro-breakup. Eurocalypse now indeed.
A break in the link between the dollar and the oil price could well hurry gold's emergence into the monetary system Julian Phillips says.
Author: Julian D. W. Phillips
JOHANNESBURG (GOLD FORECASTER) -
There was much more to Hilary Clinton's China and India trip than meets the eye. It was an acid test of the power of the U.S. to press its political will upon the world. The issue at hand was the U.S. trying to halt sales of Iranian oil worldwide and to offer India the same amount of oil from other sources. Supplies from Saudi Arabia to replace Iranian oil were already in the market place. The halting of the Iranian oil from the market would have lost 3 million barrels a day, but it seems Saudi oil capacity has added that much. The oil price before the visit was over $100 a barrel; today it stands at $92.49 a barrel. In the first week of May, crude oil supplies climbed by 1.9 million barrels per day to 377.8 million barrels per day, a rise not seen in more than 21 years! We're led to believe that supplies remain at high levels.
The last fortnight in the oil markets was one of great pertinence to gold, a week in which the oil price fell 10%. It seems that the extra supply coming from Saudi Arabia is not compensating for Iran's oil but now coming in addition to it -hence the fall to almost lower than break-even point for the oil producers. Unless, either Saudi Arabia withdraws this extra supply or China and India accede to Clinton's requests, the oil price will remain at these levels or fall lower.
Dollar Oil Price is the 'Vital Interest'
It seems that India and China may have cut supplies as a token gesture but not enough to keep the price above $100. Of greater significance is the fact that India is paying for Iranian oil in Rupees and China is paying in Yuan.
Follow Your Hunches: Here's a comment I just tried to post on Max Keiser's website, which has been blocked (surprise, surprise!):
'Interesting to follow ones hunches. ZH is telling us that the CIC is advocating a gold-backed rnembi:
Then, a little research shows that a certain Lord Stern is on the CICs list of advisors:
And then a little research into Lord Sten and we discover (lo!) that he's an Ashkenazi who is advocating pushing climate change to bring about global economic change:
So there you have it, in a couple of clicks: the Zionists (who are bringing us dreadful weather in S Europe with their geoengineering) are continuing to manipulate the world into their NWO model, and are very active in China to bring this about.
J'accuse: and I think Max knows all of this. I throw down the gauntlet!'