Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1293831 Comments:2390
A rough calculation based on 2012 BP Statistical Review data indicates that the combination of the EU-27, the United States, and Japan spent a little over $1 trillion dollars in oil imports in 2011–roughly the same amount as in 2008. Governments have been running up huge deficits and have been keeping interest rates very low to cover up this damage, but it is hard to make this strategy work. The deficit soon becomes unmanageable, as the PIIGS (Portugal, Italy, Ireland, Greece, and Spain) countries in Europe have recently been recently been discovering. The US government is facing automatic spending cuts, as of January 2, 2013, because of its continuing deficits.
Anyone paying attention @ Economic Undertow is familiar with Gail’s argument: the same high price of crude oil that unravels the waste-based economy is the price needed to bring new oil to markets. Here is another economic paradox: we burn value so as to ‘afford’ more value to burn. This is as pointlessly counterproductive as burning gold.
Fuel, Money, Climate … Posted on July 10, 2012 by steve from virginia
“The core of the Eurozone does not want to take on the credit risk involved in any variance of credit mutualization … you will have a worse crisis, not six months from now but another, bigger crisis in the next two-weeks … It’s a perfect storm … you could have a collapse of the Eurozone, a US double-dip, a hard-landing of China, a hard-landing of emerging markets and war in the Middle East …”
The Plan was rolled out.....takes 90 days for the state to position forces, gear up for battle.... that lasts 12 hours..... :twisted:
