Friday, 06 May 2011 03:42

Chinese Corn Imports Increase Ninefold Compared to Official Projections; Egyptians Get First Taste of Bank Run - 7 FEBRUARY 2011

From Jenna Orkin et al.

 

Headlines

Obama Special Envoy To Cairo Calling For Mubarak To Stay, Uncovered To Be On Mubarak Payroll   

Corn Prices To Soar As Chinese Imports Increase Ninefold Compared To Official Projections  

Are the world's central bankers all about to make the same mistake at the same time?   

Prepare your portfolio for World War III, says Marc Faber
Sounds about right from our standpoint. -- MCR

Spanish housing minister appeals to British buyers to return
LMFAO. You mean the British buyers who are over-leveraged, have lost their jobs and are being foreclosed on while they're freezing? -- MCR

Ireland gets 3.6 billion euros from rescue fund: source
Either we missed or the press didn't report it. I thought there was a chance Ireland might choose to default. But it looks like they've cashed the check. Anyone with better info, pls let us know. – MCR

Russia Follows China in Using Reserve Ratios to Curtail Inflation Threat
I think inflation's going to be severe everywhere and that there's going to be hyperinflation here eventually. With luck it will happen sooner rather than later and hopefully it will be the death of fiat currency. – MCR

Senior US Marine Says "Multiple Platoons" Are Headed To Egypt
Very significant. There are probably Recon Marines and logistics specialists to scout possible helo landing locations and rally points. That means it pretty certain that there are already quite a few Green Beanies and SEALs deployed in civilian clothes already. There are a lot of Americans living in Egypt. Almost certainly the Marines will be deployed and staged in Egyptian military bases as a Rapid reaction Force. One other distinct possibility is that advance teams from all services are going to prepare for direct military deployment of large units from all services. That's really not a good sign for any number of reasons. It would be good to know if USAF advance teams are also being sent. That would signal preparation for a massive airlift, either of supplies, weapons, or troops. Egypt may well be (Oh, this is cheap), the straw that breaks the camel's back. -- MCR

ElBaradei: Egypt protests could get "more vicious"

"Mohamed ElBaradei said on Saturday it would be a 'major setback' if Washington backed Egypt's President Hosni Mubarak or his deputy to lead a new government and warned that protests could grow 'more vicious.'"

Peter Schiff - There Will be Riots in the Streets  

If Inequality Leads To Crisis, Then Here's Where The Next Crash Will Be   

Egyptian Pound Plummets As Egyptians Get Their First Taste Of A Bank Run  

Egyptians Banks Open, Customers Line Up 100 Deep for Cash; Short-Term Interest Rates Expected to Hit 12.5%; Egypt About to Become Net Oil Importer  

Paris evacuates 6,000 after unexploded bomb discovered    

NI terror threat at 'severe' level   

Mubarak To Leave Egypt, Go To Germany For "Health Check" And Hand Over Power     

Mubarak Staying Till September  

Tunisian minister suspends ex-ruling party  

How Hank Paulson Broke The Law: "This Will Be A Disclosable Event And We Do Not Want A Disclosable Event" - Parsing The Ken Lewis "MAC" Deposition     

Informed rage followed by revealing testimony. – JO

Why Our National Superbowl TV Party Has Become the Last Supper for the US Empire
"Never before have so many loose strands of an unraveling empire come together in a single event accessible to those who mourn or cheer America."

Autopsy Cutbacks Reveal 'Gray Homicides'
I've talked to some cops lately. People are getting away with murder all over the place. And it's just beginning. As more and more put the pieces together, there are going to be many revenge killings and other forms of homicide. It's a dirty little secret. -- MCR

JP Morgan Accepts Gold Bullion As Collateral    

Thoughtful of them. - JO

Big Blob of Gunk in Gulf

But there's good news:  It's not oil; just dead algae, bacteria and sundry other life forms. – JO

U.S. Gasoline Rises to $3.13 a Gallon, Lundberg Says
This is like the official unemployment figures, bullshit. I just drove from L.A. to the Santa Cruz mountains and I didn't see gasoline any lower than $3.48 and most of the time it was closer to $4. Are any of you guys paying $3.13 or less? – MCR

'Scores' of cuts in Obama budget
There are going to be some real shocks... and pushback. -- MCR

Obama to cut services to poor urban Americans, budget director notes
No big surprise here. Prepare. Prepare. Prepare. -- MCR

 

Economy

Egypt Downsizes T-Bill Offering On Weak Investor Interest, 3 Month Bill Rate Jumps To 11%  

Bangladesh Stocks Plunge By More Than 10% For Third Time In 2011  

There Will Be A Huge Inflation Story This Week That Everyone Will Ignore  

The Truth About BLS "Period 13" Adjustments - In 72 Years, Just 5 Positive Revisions  

Negative Annualized Stock Market Returns for the Next 10 Years or Longer? It's Far More Likely Than You Think   

Loneliest Man in Davos Foresees 2015 Bank Crisis While Global Elites Party

China Says 2010 Gold Production Hit Record High  

Silver Breaks Its Golden Shackles

Copper continues to soar   

Average cost of gas nationwide rises to $3.13  

Fed Spends 40% on Newer, Cheaper Benchmark Treasuries   

Chesapeake Energy Plans to Sell Assets for $5 Billion  

Russia Follows China in Using Reserve Ratios to Curtail Inflation Threat

Council staff on £58000 to be named in war on waste  

First item on council's agenda:  Abolish self. - JO

 

Terror/Intelligence/Media 

American Warships Heading to Egypt
OK, it's looking like we're also planning for an opposed extraction of all embassy staff and USG personnel, along with citizens. It is also looking like very confused gunboat diplomacy. It might be possible that by treaty the USG has the right to deploy to Egyptian military bases at will.One thing we know for sure. Egypt is far from being stabilized and this crisis is not fading. – MCR

Fresh violence erupts in Tunisia
None of these revolutions are fading. – MCR

Thousands protest economic hardships and corruption in Belgrade
Yes. Yes. Do it now! But it will be nothing short of a miracle of the mainstream press actually connects the dots around the world. – MCR

Japan PM calls for rebuilding Japan-China ties at panel of experts meeting

Because Japan can see which side its bread will be buttered on. -- RF

Chinese Succeed With SLBM Launch: The Week Ahead
Submarine Launched Ballistic Missile.

Pirate attacks a ‘365-day, 12-month’ threat in Gulf

"The hijacking of ships by pirates has risen to such an extent that there is now no safe passage out of the Arabian Gulf, an analyst has said."

OK, what have I been saying all along about piracy? It will continue to grow as the global security apparatus unravels, and governments are increasingly forced to pit their military and security resources against each other. -- RF

Why Ham Radio Endures in a World of Tweets  

AOL acquires Huffington Post for $315 million  

U.S. Has Secret Tools to Force Internet on Dictators  

States Struggle To Disarm People Who've Lost Right To Own Guns  

Energy riches, fear contain Central Asia dissent   

Is the modern anti-tax movement a product of increasing complexity?    

Mubarak agrees to major demands as Egypt street protest continues  

Clashes break out as protestors call for Italian PM resignation

Harper, Obama Agree to Integrate Border - from Barry Silverthorne 

Belgian Senator Calls For "Sex Strike" Until Government Deadlock Is Solved

 

Environment/Health 

Wildfires sweep Western Australia   

Man Fined for Raw Milk Products Sales - Australia  

Support for Australian government tumbles after disasters    

That's not fair; those disasters were caused by the homosexual agenda. - JO

Forest sell-off: the silence of the Greens  

Research promises vaccine for all flus   

Until they develop resistance to it. - JO

35 Zoo Animals Freeze To Death  

Sydney 'came close to heatwave power blackout'
"A leaked email has revealed how close the Sydney CBD came to total power failure last week, as temperatures reached record highs."

American Waistlines Expand at Fastest Pace Among Rich Nations, Study Finds

There's going to be a lot of involuntary dieting. -- RF

As US mulls rail expansion, New York's breakdowns and money woes show train travel's downside

Systemic breakdown, coming right up! -- RF

In Pepco territory, blackouts mean more home generators, more noise complaints (US)

Systemic failure is here and now. -- RF

Last modified on Friday, 06 May 2011 03:48

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