• Steve H. Hanke
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Civil War Breaks Out In Tripoli

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Sat, 02/26/2011 - 21:45 | 1000708 Yen Cross
Yen Cross's picture

Ahh it's about time! Now we can get CVN on them, and save some lifes.

Sat, 02/26/2011 - 23:54 | 1001007 whatsinaname
whatsinaname's picture

meanwhile insurgents blow up refinery in iraq. 25 percent of iraq production is offline now.

Sun, 02/27/2011 - 10:03 | 1001492 66Sexy
66Sexy's picture

Am i missing something? Why is the MSM pumping the idea that 'Gaddafi out = lower oil price' ? Wouldnt Gaddafi out mean more uncertainty about Libyan oil? How can ANY conclusions be drawn about the power structure in the middle east: we are the 'Great Satan', and are being banished... right? How th fuck could the MSM or even our government know the outcomes here, or the effects on crude prices?

We are in a wild card scenario.. no one knows. Clearly there is an attempt to get control of the price with this association.

Sun, 02/27/2011 - 19:21 | 1002385 caconhma
caconhma's picture

American democracy in action: "AP - Sixty-five civilians, including 40 children, were killed in a NATO assault on insurgents in eastern Afghanistan earlier this month, according to findings of an Afghan government investigation".

Did I mention of 1,400 civilians killed in Gaza by Israeli terrorists with American blessing?

Sun, 02/27/2011 - 02:03 | 1001176 bigelkhorn
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I always love listening to the guys from FFT. They are insanely accurate with their stuff.

 

This is their latest stuff, and analysis of the S&P 500 chart. It is well worth a look, pretty cool!. 

 

http://www.forecastfortomorrow.com/video/27th-feb-2011/rrt.html

Sun, 02/27/2011 - 12:30 | 1001634 YHC-FTSE
YHC-FTSE's picture

Oh dear. Linear regression forecast passed off technical analysis?

Thanks for the link - I'll go back there again, but not impressed so far.

Sun, 02/27/2011 - 22:28 | 1002787 hbjork1
hbjork1's picture

Nothing there YHC.

The loonies are loose.

Sun, 02/27/2011 - 03:34 | 1001246 GoinFawr
GoinFawr's picture

"You ar.e decripted! I know your proxies"

\o/

Sun, 02/27/2011 - 08:58 | 1001452 mophead
mophead's picture

*stealth devaluation*

Sun, 02/27/2011 - 12:28 | 1001628 YHC-FTSE
YHC-FTSE's picture

Carrier force? I don't think that's a good idea mate. Even the Libyans are having trouble distinguishing friend from foe, so how the hell are foreigners going to tell them apart? - sending in troops or bombing from the air will likely cause more civ casualities and cause a united front against "foreign invaders". 

 

So far the Libyans on both sides have been pretty decent about foreigners evacuating, even in the midst of turmoil. That will change when the collateral damage start mounting up. Better let the Libyans sort this out for themselves, and perhaps help out the resistance with deniable covert ops if things get worse.

Sat, 02/26/2011 - 21:51 | 1000718 reader2010
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Gaddafi will be blamed for hyperinflaiton because he is allowed to burn his oil. 

Sat, 02/26/2011 - 21:53 | 1000725 johnnymustardseed
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Very Sad! :(

Sat, 02/26/2011 - 21:53 | 1000727 JW n FL
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FREE LYBIA!!!! BITCHEZ!!!!!

 

Italy needs the 500,000bbl's a day!!! or else the German will have to pick up a bigger tab than they already have to... lulzzzzzzzzzzzzzzzzz!!!!

Sat, 02/26/2011 - 22:01 | 1000754 serotonindumptruck
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That must be why Germany is sending three warships.

Sat, 02/26/2011 - 22:04 | 1000767 tellsometruth
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and the reason zerohedge mentioned naval movements months ago clearly a US build up in the ME

Sat, 02/26/2011 - 22:11 | 1000778 serotonindumptruck
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The oil supertankers transitting the Red Sea and Suez are going to require combatant escort.

Sat, 02/26/2011 - 22:59 | 1000884 Long-John-Silver
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I was involved in Tanker escort during the "Tanker War" when Iran and Iraq were engaged in their war. It was the most miserable time I had during my time in the Navy. We suffered proximity explosions from a couple of anti ship missiles. We operated in a war zone but we were never considered to have served in a war zone so no war vet status for my shipmates and myself. Sucks big time and now it's going to happen to another generation of sailors.

Sat, 02/26/2011 - 23:05 | 1000908 serotonindumptruck
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It would seem that the most pressing issue at the current time is Somali pirates. That's easier to deal with than antiship missiles. At least for now.

Sat, 02/26/2011 - 23:15 | 1000931 Long-John-Silver
Long-John-Silver's picture

The Somali pirates could be delt with in a couple of weeks if you've got someone in charge with the gonads to do it. Land Marines on the beach and take out the support areas. Pirates can't be pirates without a support base.

Sat, 02/26/2011 - 23:25 | 1000956 Dr. Porkchop
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I trust your authority on pirates based on your avatar alone ;)

Sun, 02/27/2011 - 00:21 | 1001037 philgramm
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Somali Pirates?  Still smoking that MSM weed?

 

http://www.independent.co.uk/opinion/commentators/johann-hari/johann-har...

Sun, 02/27/2011 - 00:53 | 1001089 pods
pods's picture

Right.  So did they steal their fish before they started dumping barrels of radioactive waste there?  

pods

Sun, 02/27/2011 - 09:28 | 1001472 AnAnonymous
AnAnonymous's picture

From the article:

 

Did we expect starving Somalians to stand passively on their beaches, paddling in our toxic waste, and watch us snatch their fish to eat in restaurants in London and Paris and Rome?

 

Absolutely. That is what US citizens expected them to do. And if they do not comply, then on with their termination.

US citizens do not support liberty. In their own times, they even codified slavery in their constitution.

Sun, 02/27/2011 - 10:35 | 1001517 ZeroPower
ZeroPower's picture

Thats a load of BS imo

But im guessing you support dirty somalis killing innocent civilians.

Sun, 02/27/2011 - 11:31 | 1001571 GoinFawr
GoinFawr's picture

And I am guessing you support the western world using the Somalia coastal waters as their toxic waste dumping ground?

Sun, 02/27/2011 - 12:40 | 1001647 YHC-FTSE
YHC-FTSE's picture

+1

How the hell did I miss that story? Thanks for the link - makes a lot of sense.

Sun, 02/27/2011 - 13:03 | 1001674 serotonindumptruck
serotonindumptruck's picture

Thanks for sharing this article, philgramm.

ZH can be an educational experience, if one keeps an open mind.

Sun, 02/27/2011 - 00:50 | 1001081 tellsometruth
tellsometruth's picture

aye...yaaaahrrrr

Sun, 02/27/2011 - 00:32 | 1001051 Michael
Michael's picture

What do you think of this approach for pirates?

"In the days of fighting sail, a Letter of Marque and Reprisal was a government licence authorizing a private vessel to attack and capture enemy vessels, and bring them before admiralty courts for condemnation and sale. Cruising for prizes with a Letter of Marque was considered an honorable calling combining patriotism and profit, in contrast to unlicensed piracy which was universally reviled. The French used the term lettre de course for their letters of marque, giving rise to the term corsair. Letter of Marque can sometimes describe the vessel itself: a "Letter of Marque" generally refers to a lumbering square-rigged cargo carrier that might pick up a prize if the opportunity arose, whereas a "privateer" was a fast and weatherly fore-and-aft rigged vessel heavily armed and heavily crewed, intended exclusively for fighting.

A "letter of marque and reprisal" would involve permission to cross an international border to effect a reprisal (take some action against an attack or injury) authorized by an issuing jurisdiction to conduct reprisal operations outside its borders."

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

Sun, 02/27/2011 - 08:39 | 1001440 falak pema
falak pema's picture

O knower of all...tell me who invented the black patch amongst those sea wolves...it's been haunting me since I read Treasure Island and realised how deadly was the Marque of pirates, not the kings, called the 'black spot' ! Yikes! I'm a 'marked' Marquee!

Sun, 02/27/2011 - 02:17 | 1001196 ebworthen
ebworthen's picture

Gonads?

U.S. Leaders?

Let's see if we can get oil and vinegar to mix.

Rarely has a world power had such nutless, spineless, jellyfish at top levels of the Judiciary, Legislative, and Executive branches; and the military plays coy and polite and rolls over.

When will our military stand up for the people?

Sat, 02/26/2011 - 23:17 | 1000937 dark pools of soros
dark pools of soros's picture

they would of took it away anyway with austerity - why this country just doesn't openly act like an imperial state and take the ME ??? better now then later since there won't be a later very soon...

 

but as well all know, the banking interests don't care about USA anyway..  so the whole army should sit down until the Bankers are rooted out since Americans are getting anything but the debt from aquiring the spoils for the elite..

Sun, 02/27/2011 - 03:16 | 1001259 ft65
ft65's picture

JW n FL / GLP ^TrInItY^ good to see your flip-flop on popular Muslim uprising. How are things at MacDill and Eglin. Has Elaine sold out to you?

Sat, 02/26/2011 - 21:54 | 1000728 Cistercian
Cistercian's picture

 Bloodbath ensues.....

Sat, 02/26/2011 - 21:57 | 1000737 tellsometruth
tellsometruth's picture

"and the middle class just sat down to watch too"

-speak for yourself.  It caused be to start paying attention, then educate, now opening my mouth and expressing myself to others publicly and privately...

engage your fellow man

Sat, 02/26/2011 - 21:59 | 1000745 eigenvalue
eigenvalue's picture

Then oil will limit up on Monday morning?

Sat, 02/26/2011 - 22:19 | 1000805 Saxxon
Saxxon's picture

What's limit-up for CL?

Sat, 02/26/2011 - 22:44 | 1000854 eigenvalue
eigenvalue's picture

If I remember correctly, the daily price fluctuation limit is 10 dollars. 

Sun, 02/27/2011 - 00:56 | 1001090 pods
pods's picture

Nah, they will merely print up as much WTI as needed to keep the price down.

/sarc

 

pods

Sat, 02/26/2011 - 22:01 | 1000747 JW n FL
JW n FL's picture

India didnt want to push for GoDaffy's punishment in the War Crimes Court.. fucking pussy dot heads! I thought they had a Prime Minister! http://en.wikipedia.org/wiki/Sikhism

 

What happened with the Ambassador selling out?

Sun, 02/27/2011 - 03:21 | 1001264 ft65
ft65's picture

JW n FL / Trinity / Captain Underpants - I think Mr Blair probably had a whisper in someones ear. It a bitch when people don't sell out. http://www.alien-earth.org/forum/message.php?message=78508&mpage=1&showd...

 

Sat, 02/26/2011 - 22:01 | 1000750 Dapper Dan
Dapper Dan's picture

I hope there are some waves tomorrow and maybe a little off shore wind, I need some glide time, especially  after this last week,  add a little surf enhancer I'll be good to go.

The one quote I heard this week that I can't shake from my mind is from Damon Vickers when told the treasury bills were being bought by China or Japan.

 I don't think so. I don't think sales are taking place. That's why QE2 Exists. They are issuing debt and printing paper and printing money because there is not the absorptive capacity of the world to absorb the debt, and that's where we are.

Sun, 02/27/2011 - 02:18 | 1001195 HarrisonBergeron
HarrisonBergeron's picture

I'm with you on feeling a chill from that comment. I am pretty sure he is right and in time it will be quite obvious.

Sat, 02/26/2011 - 22:04 | 1000756 themosmitsos
themosmitsos's picture

Tyler let me first admit I'm not super up-to date on day-to-day events, and I doubt the veracity of *much* of what I hear on AJ & US media, but simply from this description here, this doesn't sound like a civil war, this sounds like someone buttoning down and getting ready for a massive crackdown [butchering if necessary], the likes of which I expected in Egypt. Of course, the Libyan military was always in a much sadder state of affairs, hence the delayed reaction. Civil war implies the other side [rebels] have a fighting capacity and if they do [again, not up-to-date & question what I hear on AJ & US MM] the more important question to ask, is ....

WHERE'D THEY GET THIS FIGHTING CAPACITY, ALL OF A SUDDEN, with such fortuitous timing, during other ME/NA revolts?

Matter of fact, what's up with all these revolts, simultaneously? Sure, sure, a wave of freedom & democracy is spreading through the land.

Give me a fucking break.

Also, I don't believe he'll damage the Oil wells.

Sun, 02/27/2011 - 08:06 | 1001426 Captain Benny
Captain Benny's picture

Hired mercenaries are pretty easy to come by when in impoverished Africa. There is lots of evidence trickling out of Libya to show who is doing the fighting.  The people living in Libya have very clearly said that their agressors are not natives and often spoke French.  Do you know what countries in Africa speak French?  Do you know what a civil war is?  Do you understand that the people are fighting their own government in the western portion of their country and that by definition is a civil war?  Give me a fucken break that you have no brain in your head.

Sun, 02/27/2011 - 11:17 | 1001558 moldygoat
moldygoat's picture

Are you daft?

Halliburton bought Boots and Coots. Of course he will damage the oil wells

http://www.rawstory.com/rs/2010/06/18/halliburton-making-money-oil-spill/

Sun, 02/27/2011 - 12:00 | 1001600 kreso
kreso's picture

+1

Sat, 02/26/2011 - 22:04 | 1000760 nwskii
nwskii's picture

Obama is behind this uprising so he can sell more Chevy Volts

Sat, 02/26/2011 - 23:16 | 1000930 Pure Evil
Pure Evil's picture

Especially after the GM IPO tanked.

Sat, 02/26/2011 - 23:19 | 1000944 dark pools of soros
dark pools of soros's picture

Tesla's IPO is tracking about the same..  

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