Title: Max Keiser on Revolts: Americans Joining Middle East Uprising Trend Source:
RT URL Source:http://www.youtube.com/watch?v=R7Usl1v7u40&feature=related Published:Feb 21, 2011 Author:Max Keiser Post Date:2011-02-24 16:47:47 by Godwinson Keywords:None Views:11352 Comments:22
Max Keiser on Revolts: Americans Joining Middle East Uprising Trend
RussiaToday | Feb 21, 2011
Dozens of people have been reported killed in the Libyan capital Tripoli overnight as violence continues to spread across the country. Key administrative buildings have been set on fire, with thousands of anti- government activists still on the streets calling for an end to the 41-year rule of Colonel Gaddafi. To find out more about how the Middle East upheaval is impacting global economic patterns, we're joined live now by RT's financial guru Max Keiser...
The USEmpire is out of cash. As is our colonies the EU and Japan.
"Joshua Raymond, market strategist at City Index, said dealers were furious with the exchange: "At a time of uncertainty in the markets, where traders are having to keep on their toes with the situation in Libya, the last thing they need is an unexpected halt to trading."
Rivals such as BATS Europe and Chi-X were still functioning, but volumes were believed to be fairly light so far."
This is how it will play out. The markets will just stop functioning.
Spare Capacity Theory: the assumption among western bankers, policy makers, economists, and stock markets that OPEC producers can lift oil production at will, and, export all of that spare production to world consumers.
We shall see how much the oil markets themselves believe in this theory. Today’s five dollar upward price advance—from already high price levels—suggests the market is justifiably concerned about events in Libya, and the risk of more unrest to come in oil producing regions. Given the potential magnitude of this situation, I actually think its good that we can still rely on price as a means to ration supply.
