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OIL – the bankers tipple and the cause of war.

Two bits of news to do with oil. First Argentina’s president Kirchner said Argentina will enforce control over all shipping to the Falklands. This is polite language for a blockade. Argentina already ‘detained’ one ship the Thor Leader, saying it was transporting oil pipes to the Islands. Detaining ships is blunt as messages go. The […]

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How long much longer will people just take it?

Unemployment in the US rose ‘unexpectedly’ last week. Economists had ‘expected’ and ‘predicted’ a slight fall. In fact unemployment ROSE by 31000. That is another 31000 people who have to look at their family and say – “there is no money coming in. We might lose our house. “ That is the crisis! The bankers […]

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China sells US Debt. WHO BUYS?

China openly sells a record amount ($34B) of its US debt. Why? It could be because China feels restive about the level of US debt. Or it could be to smack Washington’s nose for having defied the Chinese over US arms sales to Taiwan. Either way, it is a using debt as a BIG political […]

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