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British Navy On Standby Over Falkland Oil Dispute, Gordon Brown Issues Explicit Warning To Argentina

Tyler Durden's picture




"Royal Navy warships were on standby on Thursday to protect commercial
shipping to the Falkland Islands as Gordon Brown said Britain would
take a robust stand against Argentine encroachment on the resource rich
South Atlantic territory." One would guess that a war between Britain and Argentina is simply the latest thing that would bring the market to an uncontrolled, frenzied melt up (on give or take 3 shares). And while the US market responds to no external stimuli any more, this latest development reported by Telegraph, will likely not help the Gilt's recent concerns.

HMS York, a type 42-destroyer, was on a "tight leash" patrolling the
seas around the islands in response to rising tensions over British firms
oil explorations activities near the Falklands. Argentina has demanded a
halt to "illegal" oil drilling around the Falkands and on
Wednesday imposed a permit system on ships passed from its ports to the
island.

Gordon Brown, the prime minister, issued an explicit warning to the
Argentinian government that the South Atlantic show of force – which also
included a survey vessel backed up by a 1,000-strong military detachment on
land – would respond to any disruption of the Falklands links to the outside
world.

A statement from the Ministry of Defence pointedly referred to the deterrent
role that all British forces, including the Navy, were playing in the South
Atlantic. "A deterrence force is maintained on the islands. That
deterrence force comprises a wide range of land, air and maritime assets
which collectively maintain our defence posture."

Navy commanders said the prospect of the Argentine disruption of shipping in
the area was real.

"This is modern defence diplomacy in action," an MoD official said. "The
warships are there to protect the UK interests in the South Atlantic. If the
Argentines were interfere with the free movement of shipping on the high
seas that would be illegal and we would make a decision to use our
deterrence force.
"

So let's get this straight: we are hearing Iran is working on a nuclear warhead, an alleged rogue Mossad force in Dubai killing Hamas operatives, Greece about to file, Britain getting punished by a term that was in vogue when people still listening to a Flock of Seagulls, tax refunds getting halted, and now a possible redux of the Falklands war, and what do we have? A market that is up nearly 1% on vapor as a major "technical level was breached." The backstop - assorted central banks will be forced to rotate the "print" dial to Turbo Max. All we can say is LOL.




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Thu, 02/18/2010 - 16:47 | Link to Comment Eduardo
Eduardo's picture

WOW! Gordon, take it easy! The Argentinian Gov just let you know that you cannot use Argentinian ports without a permit.

If your country is in the trashcan thanks to your own neocon economical policies, it doesn't mean that you have to go to war to cover it up. The loosing war against the bond vigilantes is really making you nervous. Now you dream of digging your way out of the mess by swimming in stolen oil.

And the Islas Malvinas are Argentinians as we all know ... geez ridiculous !

 

Thu, 02/18/2010 - 17:00 | Link to Comment Anonymous
Thu, 02/18/2010 - 23:03 | Link to Comment Gold...Bitches
Gold...Bitches's picture

Can you say Grenada and Ronald Reagan?  Brown is low in the polls.  Surest way to go up in polls is to start a war that someone else 'forced' on you and that poses no real threat.  

Fri, 02/19/2010 - 01:02 | Link to Comment Keyser Soze
Keyser Soze's picture

Frankly, I don't know WTF the UK thinks it's doing across the ocean in this day and age. Guys, look after your own crap, not the crap you stole a century ago.

Sat, 02/20/2010 - 13:28 | Link to Comment Anonymous
Thu, 02/18/2010 - 16:34 | Link to Comment FreakuentFlyer
FreakuentFlyer's picture

3 shares? no kiddin - everyone is too busy posting comments on ZH articles. what have you done??????

Thu, 02/18/2010 - 16:40 | Link to Comment Joe Sixpack
Joe Sixpack's picture

I wonder if Obama will support Britain or the Monroe doctrine (we know what Bush Jr., son of Sir George Bush, did).

Thu, 02/18/2010 - 17:28 | Link to Comment Fritz
Fritz's picture

Nothing like a brutal Faulklands conflict to deflect the headlines and rally the citizenry.

 

Thu, 02/18/2010 - 16:40 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:38 | Link to Comment Stuart
Stuart's picture

you spelt liars wrong.   It's L-I-A-R-S not L-I-E-R-S.

Interesting to see in the same post.

"Fuck the UK!"  and "How can you call yourself CHRISTIANS?"

Thu, 02/18/2010 - 16:45 | Link to Comment lizzy36
lizzy36's picture
Odd-lot trading on upticks has been the norm over the last year.   Calm before the storm. .    We get $126B in U.S supply next week.   Greece, Portugal and Italy all looking to issue debt.  And already Greece is asking for clarification on EU support (in an interview with Reuters http://www.reuters.com/article/idUSTRE61H4XD20100218) "If the EU gave a clearer indication of the mechanism that might be used, in an emergency, to help Greece, bond spreads would fall and a rescue would not be needed, Papaconstantinou said".   Oh yes, you yanks may yet get to bend over in the name of Greece: Papaconstantinou said while Greece respected the euro zone's principle of dealing with fiscal problems by itself, it did not rule out seeking International Monetary Fund assistance, although it was not actively pursuing that option.
Thu, 02/18/2010 - 17:04 | Link to Comment MsCreant
MsCreant's picture

Breaking News Alert: US has just announced that they will backstop all the debt of the entire planet.

http://justgetthere.us/blog/uploads/money-printing-press.jpg

Ben and Tim, the Dukes of Moral Hazard: Yeeehaw!

Thu, 02/18/2010 - 17:25 | Link to Comment Missing_Link
Missing_Link's picture

Ben and Tim, the Dukes of Moral Hazard

+1

Thu, 02/18/2010 - 17:46 | Link to Comment Anonymous
Fri, 02/19/2010 - 14:31 | Link to Comment MsCreant
MsCreant's picture

I liked the speed at which the machine looked like it was running but you are right.

Thu, 02/18/2010 - 16:47 | Link to Comment Gimp
Gimp's picture

Oh I am scared. The British Navy is down to about ten ships and the boat used on Gilligan's Island thanks to the Labor Government that has cut the navy down to nothing so they can use the money to pay for all the welfare programs they have in place.

Rule Britannia no more I think.

Thu, 02/18/2010 - 16:51 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I'd give you 3:1 Britannia wins vs. Argentina if it comes down to a fight.

Thu, 02/18/2010 - 17:03 | Link to Comment Ragnarok
Ragnarok's picture

Of course GB would win, you can't find a single professional fighting force on the whole of the continent of South America.

Thu, 02/18/2010 - 17:33 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

You forget that the UK was fighting conscripts during the 1982 War

The military Junta was in a very vulnerable political postion at the time and needed its more reliable forces at home so they withdrew those forces after the initial invasion.

That being said you can never underestimate the British but I feel they have stretched themselves to much even by their standards.

Fri, 02/19/2010 - 13:26 | Link to Comment Anonymous
Fri, 02/19/2010 - 15:54 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Ok Mr Anonymous I accept I was talking out of my ass on that one , please accept my humble apologies

Thu, 02/18/2010 - 17:06 | Link to Comment ZerOhead
ZerOhead's picture

Not only that but the Type 42 destroyers exhibit a serious design flaw. The superstructure is built of a light weight high magnesium/aluminum alloy. In laymans terms it means that the boat itself will burn like a heretic at the Spanish inquisition when hit.

Guess they didn't learn from the last time when they sent the H.M.S. Weenie Roast (Sheffield) down to the Falklands... Exocet missile anyone?

http://en.wikipedia.org/wiki/Type_42_destroyer

http://en.wikipedia.org/wiki/HMS_Sheffield_%28D80%29

Thu, 02/18/2010 - 17:29 | Link to Comment Hephasteus
Hephasteus's picture

Those british love thier smoldering aluminum armor.

Fri, 02/19/2010 - 22:26 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:12 | Link to Comment MarketTruth
MarketTruth's picture

And remember some British dolt sold all your gold at rock bottom pricing years ago.

 

PS: The Skipper and Gilligan want their boat back.

Thu, 02/18/2010 - 16:47 | Link to Comment Postal
Postal's picture

...when people still listening to a Flock of Seagulls

You're showing your age. ;)

Thu, 02/18/2010 - 16:48 | Link to Comment Misha
Misha's picture

The government has every right to ban UK and proxy interests from the use of ports and facilities in Argentina if they feel like it. Might as well expell the UK banking interests.

What are they going to do? ship the Argentinian immigrant back? LOL

Thu, 02/18/2010 - 16:49 | Link to Comment Hephasteus
Hephasteus's picture

Can exocet missiles still fix this?

Fri, 02/19/2010 - 04:01 | Link to Comment Problem Is
Problem Is's picture

A couple of exocets fired at those oil rigs ought to put an end to any British drilling infringement...

The Falklands cries out for drones... The Carlyle Group could clean up selling land minds and drones to both sides... Think of the profit!!

Thu, 02/18/2010 - 16:49 | Link to Comment 10044
10044's picture

So "that's" the war everybody's been anticipating, forget the mid-east then. Gold $7k, lol

Thu, 02/18/2010 - 21:07 | Link to Comment ATG
ATG's picture

Gold & oil down if that's a clue...

Thu, 02/18/2010 - 16:51 | Link to Comment Anonymous
Thu, 02/18/2010 - 16:51 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The Royal Navy is a shadow of its former self and can no longer mount a expeditionary force to the South Atlantic.

Horror of horrors they might have to ask the French very nicely to send the Charles De Gaulle down south to protect their interests.

Now that would be funny

Thu, 02/18/2010 - 16:53 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

They just ask their friends in Chile.  Game over.  You lose Argentina.

Thu, 02/18/2010 - 18:39 | Link to Comment Anonymous
Thu, 02/18/2010 - 19:28 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Correction illustrious is getting a refit in Scotland

God knows what the Ark Royal is doing

news.bbc.co.uk/2/hi/uk_news/scotland/8492359.stm

Maybe the argies will get their timing better this time but their armed forces are in  piss poor performance as well

The whole thing is a farce.

Thu, 02/18/2010 - 16:55 | Link to Comment BernankeCo
BernankeCo's picture

EOD rally again in stocks..bfft

Thu, 02/18/2010 - 16:57 | Link to Comment Get_to_the_choppa
Get_to_the_choppa's picture

Good lord, we're going to have a re-do of the Falklands war?  Really Brownie...really?

Thu, 02/18/2010 - 17:12 | Link to Comment Anonymous
Thu, 02/18/2010 - 16:58 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:10 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The RAF do have some assets in Stanley

 

 www.fast-air.co.uk/RAF-Coningsby-Falklands-Typhoon-Flight-1435.htm

They will have to depend on the few again

There is  a lot of criticism of Neville Chamberlain for obvious reasons but he was responsible for the dramatic rearming of the Empire and the Spitfire funding

Gordon Brown on the other hand............

Thu, 02/18/2010 - 17:03 | Link to Comment Racer
Racer's picture

The  thing about this market....

 

computers can't read words... they only involve themselves with numbers and moving lines moving from number to number on a chart and the pretty patterns they may (not earnings numbers of course because they have some words that go with the numbers and they are not located in an easy to program fashion)

 

News 'events' are just a time when the numbers move around and oscillate at a different rate and more money can be scalped from the vibrations around the number lines

 

Thu, 02/18/2010 - 17:01 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:08 | Link to Comment msorense
msorense's picture

Wow.  Let the battle begin.  Who will win?  The bankrupt colonial empire or the bankrupt nation?

Thu, 02/18/2010 - 17:31 | Link to Comment MarketTruth
MarketTruth's picture

In 2010 after many nations claimed bankruptcy they became the next leading world empire and with this form of money after all paper currencies collapsed.

Who is China and what is gold Alex (Trebek).

 

 

Thu, 02/18/2010 - 17:44 | Link to Comment Kitler
Kitler's picture

Goldman Sachs unquestionably.

Thu, 02/18/2010 - 17:17 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:25 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:30 | Link to Comment DavidC
DavidC's picture

Gordon Brown - bollocks.

I can't help feeling that, if there were a replay of the Falklands War, Gordon would come out on the losing side. Much as he will do in the forthcoming General Election. He's managed to overstay his welcome as an unelected Prime Minister. Would Nick Clegg or David Cameron do any better? Unfortunately, no.

At some point, very soon, it's all going to go tits up. Forgive my colloquialisms in this post.

DavidC

Thu, 02/18/2010 - 18:31 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:56 | Link to Comment Anonymous
Thu, 02/18/2010 - 18:03 | Link to Comment Misha
Misha's picture

The Pom's just have to come up with a story to hide that their deficit is worse then Greece.

 

If they send the Navy half the boats might run out of fuel before they get there.

 

Argentina has no need whatsoever to engage them, they can just kick back, eat some asado, drink some wine, and the problem will fix itself.

 

Thu, 02/18/2010 - 18:03 | Link to Comment DavidC
DavidC's picture

Gordon Brown - bollocks.

I can't help feeling that, if there were a replay of the Falklands War, Gordon would come out on the losing side. Much as he will do in the forthcoming General Election. He's managed to overstay his welcome as an unelected Prime Minister. Would Nick Clegg or David Cameron do any better? Unfortunately, no.

At some point, very soon, it's all going to go tits up. Forgive my colloquialisms in this post.

DavidC

Thu, 02/18/2010 - 18:05 | Link to Comment DavidC
DavidC's picture

Apologies - double sent for some reason unknown to me!

DC

Fri, 02/19/2010 - 03:54 | Link to Comment Problem Is
Problem Is's picture

It is just the NSA monitoring your Internet traffic.

Diverting your activity through AT&T data control black box sometimes causes disconnects and delays...

Not to worry... Just remember to show up an extra hour or two early at the airport as many ZH commenters are on the official Terrorist Watch List. And ZHers don't get a free pass like the crotch bomber...

Thu, 02/18/2010 - 18:09 | Link to Comment BernankeCo
BernankeCo's picture

The reason I'm asking is that the artcles I read say he owned it... so how badly off could things have been?

Thu, 02/18/2010 - 18:19 | Link to Comment Ripped Chunk
Ripped Chunk's picture

All the old line imperialist nations (UK, USA) Invade and take control of oil supplies.

Must keep the trajectory upward

Must keep printing

Must keep oppressing

Must continue to grow old line wealth exponentially

Towers open fire

 

 

Thu, 02/18/2010 - 18:20 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The most likely explanation is the Argies are diverting their populace from some more mundane events  - they are bored and need to stir the shit a bit to make life more colorful for the masses

Thu, 02/18/2010 - 18:22 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Carlin on war

http://www.youtube.com/watch?v=dfLgub2dhb4

We like war

We are good at it

 

Thu, 02/18/2010 - 18:42 | Link to Comment Gimp
Gimp's picture

Little known fact - last Falkland Island conflict where the Argentines sunk a few ships using Exocet (French made) missiles the Royal Navy not only had to worry about the lightweight aluminim superstrutures of their ships that burn't quickly but the sailors themselves wore uniforms that were made of polyester and they suffered horrible burns due to the melting fabric.  FYI - The US Military working fatigues are made of cotton.

If the conflict was decided over a soccer match my money is on the Argentinians. 

Thu, 02/18/2010 - 19:00 | Link to Comment Shameful
Shameful's picture

"Cripple Fight"

I mean come on. We have a broken shell of an empire that is now a hollowed out empty nation threatening a backwater 3rd world dictatorship. I mean really who does Gordon Brown think he is, president of the United States?

Thu, 02/18/2010 - 19:06 | Link to Comment Gimp
Gimp's picture

LOL ..

Gordon Brown's party is down 20 points against the Conservatives which makes it "distract the sheep time". He may take on the Azores on his way down South just for fun.

 

Thu, 02/18/2010 - 20:14 | Link to Comment Ripped Chunk
Ripped Chunk's picture

+ !

Thu, 02/18/2010 - 19:15 | Link to Comment Anonymous
Thu, 02/18/2010 - 19:15 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

There is a RN hunter killer heading down south at high speed ,that is if it is not there already.

Thu, 02/18/2010 - 19:19 | Link to Comment Anonymous
Thu, 02/18/2010 - 19:43 | Link to Comment Anonymous
Thu, 02/18/2010 - 19:44 | Link to Comment Anonymous
Thu, 02/18/2010 - 19:46 | Link to Comment Anonymous
Thu, 02/18/2010 - 20:21 | Link to Comment Hephasteus
Hephasteus's picture

Why can't "UK Interests" just be pornographic where you suddenly lose interest and get off and leave. Why must they endure endlessly.

Thu, 02/18/2010 - 20:43 | Link to Comment Anonymous
Fri, 02/19/2010 - 01:11 | Link to Comment darkpool2
darkpool2's picture

ADMIRALTY OFFICIAL.....Mr Brown Sir !  Armada of Black Swans approaching Tower Bridge. Shall we launch HMSS Rubber Ducky to repel?

No,HRH doesnt want to be disturbed during Afternoon Tea.

A O   Well Sir we have 2 second hand frigates available that we could

dispatch PDQ to the Falklands. If you recall, it worked out quite well last time......yes Sir, you can Google it..

BROWN.....excellent idea....dispatch them right away, and while they are down there, have them fill up and also check if there is any spare oil lying around. You know the North Sea isnt what it used to be, and those damn creditors keep calling 

 

 

É

Fri, 02/19/2010 - 03:46 | Link to Comment Problem Is
Problem Is's picture

Gordon Brown is Desperate for Votes

After this phonied up military "crisis" and PM Super Hero to the Rescue ends impotently...

Expect George Bush style $600 tax cut "Vote for me!" bribe checks followed by free English Monica Lewinsky Blow Jobs for every Labour vote program...

Gordon Brown... Cheesy British used car salesman extraordinaire... Somebody give that clown the hook...

Fri, 02/19/2010 - 05:21 | Link to Comment laughing_swordfish
laughing_swordfish's picture

Re: Falklands War Redux.

If it comes to fighting, Britain to repeat its 1982 victory.

While the RN may be somewhat smaller than in the eighties, it's no less professional and, the Argetine Army and Navy are proportionally smaller as well.

The reason? Both countries are technically bankrupt and have reduced arms spending accordingly. But, a major difference this time is that there is a British garrison on the islands with sufficient naval and air assets to put up a fight.

Look for the Brits to tighten the cordon in the 200nm economic exclusion zone around the islands and harass a few Argie fishermen.....

 

KrvtKpt. laughing swordfish

Kmdt iD --RMGschKhl

 

 

Sat, 02/20/2010 - 02:07 | Link to Comment Problem Is
Problem Is's picture

"Both countries are technically bankrupt and have reduced arms spending accordingly."

Doesn't Have to Be That Way

The US is bankrupt yet our government keeps INCREASING those arms spending and war budget. Go Bennie Bernank-ster Bucks!

Fri, 02/19/2010 - 12:53 | Link to Comment Anonymous
Fri, 02/19/2010 - 13:40 | Link to Comment Anonymous
Sun, 02/21/2010 - 10:27 | Link to Comment Anonymous
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