Archive - Jul 5, 2014 - Story

Until now, whenever Warren Buffett's preferred mode of industrial transportation - that would be trains - derailed, it would usually involve spilling generous amounts of oil into the surrounding area, far more than any hypothetical pipeline disaster to date would have resulted in. Then, in an apparent first, overnight a train derailed in Montana and spilled fuselages of Boeing 737 airplanes into the Clark Fork River. One wonder if all of these airplane orders had been funded by the Ex-Im bank.

Not even we anticipated this particular "unintended consequence" as a result of the US multi-billion dollar fine on BNP (which France took very much to heart):

• NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR

And, the biggest irony of all is that in "punishing" France for dealing with Russia, that core country of the Eurasian alliance of Russia and China, the US just accelerated the graviation of France (and all of Europe) precisely toward Eurasia, and away from the greenback.