A blog hosted by the Right Honorable The Earl of Stirling, hereditary Governor & Lord Lieutenant of Canada, Lord High Admiral of Nova Scotia. Covers diverse topics including European and North American politics and economics, strategy, war, religion, high technology, End Times, medicine, Scotland, Scottish clans, Scots Peerage Law, and more.
Friday, May 21, 2010
News, Links of the Day, Coming Third World War, BioWar, Global Depression
Powerful prayer to St. Michael the Archangel - video ~ link
Lord Stirling's news blog EUROPE
Lord Stirling calls for a nuclear device to be used to quickly stop the undersea 'volcano' gushing massive amounts of crude oil into the Gulf of Mexico - video ~ link
How the Hedge Funds are calling the Tune on Oil ~ link ~ Watching the gut churning $22 plunge in crude (USO) has been fascinating, and gives broader insights into the state of global capital markets as a whole.
Just as the Gulf disaster threatens to cap one third of America's least politically risky oil supply, prices have been heading downtown on the Lexington Avenue Express.
The environmental disaster equals another Hurricane Katrina in terms of impact on the local economy. The spill could reach Scotland, where the Gulf Stream ends, before it is finally contained.
It tells you how meaningless the real physical demand for Texas tea has become in price discovery, and that it is carry trade demand from hedge funds that is really calling the tune. It hasn't helped either that the economic outlook has softened, the contango (the premium that far month futures contracts are trading over front month contracts) has widened enormously to $10.10/ barrel one year out.
That is an incredible 14.6% over the front month, giving traders a huge incentive to take delivery of crude, store it, and simultaneously sell it forward. Leverage this up a few times and you are talking about some serious coin.
Obama is Boxed In from the Gulf to Afghanistan ~ link ~ Afghanistan and the BP oil spill are uncannily identical in reality and reaction. Boxing himself in on both, each crisis quickly surpassed "the experts" and Obama's worst expectations. The White House’s subsequent cover-ups mirror and at times exceed its actual attempts to halt the flow of Taliban and oil.
Having followed former president George Bush, whose administration is under scrutiny for lax regulations, into offshore and deep-water drilling, turning back simply wasn’t an option. Obama had promoted the safety of deep-water drilling weeks before BP sprung its leak in the pursuit of expanding operations along the East Coast, pushing himself past V1 speed.
While those corporations responsible for the leak and cleanup deserve every criticism the White House can lob, Washington also earned the reputation of letting the crook clean up the crime scene. Even the loyal Thomas Friedman disapproves.
Many speculate that Obama feared appearing like Bush after Hurricane Katrina, but distancing his political position from the accident became job one. No room was left to maneuver in after promoting offshore oil sources; rather than freeze or abort, his message machine locked onto BP. Americans needed to first hear that the spill wasn’t his fault, second that the oil companies would foot the clean-up bill.
His priority to extract from the oil spill created an impression (and perhaps fostered the reality) that Obama was slow to respond and afraid to directly intervene, ultimately spawning the PR campaign described by McClatchy. Phase two had him hustling around the clock to beat the media cycle, updating Obama’s actions at the least appropriate moments like on his way to dinner.
Oil Disaster's political consequences for Obama ~ link
BP Gets Pass from Obama Administration To Potentially Pollute Lake Michigan ~ link ~ You really cannot make stuff like this up!
USA BEGINS MASSIVE MILITARY BUILDUP AROUND IRAN - SENDING UP TO 4 NEW CARRIER BATTLE GROUPS TO REGION ~ link ~ I expect war this summer!
Hezbollah reportedly mobilizing in Lebanon ahead of large IDF 'drill' ~ link ~ This is a major warning sign.
Fallout shelters for a New Generation ~ link ~ If you can afford it, get one NOW!
Iran says it can destroy Israel in a week ~ link ~ They are, no doubt, really referring to their Advanced Biowarfare weapons. However, they will not be alive to see Israel's destruction as Israel will nuke the hell out of them. All of this is totally crazy and right out of the Book of Revelation.
Russian senator: Iran sanctions won't stop S-300 Air Defense System from going to Iran ~ link
Netanyahu to push for direct talks ~ link ~ Top fox tells hens, "I just want to talk to you....let me in", really...trust me....really.
Justice for the People of Gaza: Gaza Fever ~ link ~ The young tiny state of Israel received the support of much of the world because it was felt that they were the underdogs and that they received a very rough deal in the Holocaust. But the horrors inflicted on the civilians of Gaza and the rest of the Occupied Territories has turned a large part of the world against the Israelis. Yet, they don't seem to care about this.
Deputy PM Clegg promises to reel in British super-state ~ link ~ About time!
Obama's Director of Intelligence Resigns ~ link ~ You can bet something big is up and he strongly disagrees with it.