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China prepares for war 'in all directions' Peter Foster, Beijing
CHINA is preparing for conflict ''in every direction'', its Defence Minister says.
''In the coming five years, our military will push forward preparations for military conflict in every strategic direction,'' General Liang Guanglie said in an interview published by state-backed newspapers in China.
''We may be living in peaceful times, but we can never forget war, never send the horses south or put the bayonets and guns away.''
Koreas on alert
Miners in big trouble, big plunge
Realitively speaking, I guess the USD is more stable in the near term. Mainly because of its reserve status and we hid our bullshit better. This scenario makes perfect sense. I'd be suprised if it didn't play out this way.
I'll short the EUR/USD but with a grain of salt. Either way, I'm not about to sell my gold near term because these crashes come quick!
USA is broke, 33% population living on food stamps
Pilbara faces cyclone risk
A tropical depression over Australia could develop into a cyclone over the next few days and bear down on offshore oil and gas installations, and iron ore shipping zones, Australia's Bureau of Meteorology said today.
Gale-force winds may develop along the Pilbara coast in Western Australia by Saturday as the storm makes its way out to sea, though flooding was not expected due to the storm's steady movement, the bureau said in a warning notice.
BHP Billiton, Rio Tinto and Fortescue Metals export hundreds of millions of tonnes of iron ore mined annually from inland Pilbara deposits via coastal terminals at Port Hedland, Dampier and Cape Lambert.
Also Cockatoo Coal ceases operations as mine flooded , Anglo American AAL has closed few mines
Anglo American plc Declares Force Majeure
Be Careful with longs of miners
Australia Floods Cover Area the Size of France, Germany
All the miners, AAL, Rio Tinto, BHP etc. are in real very big trouble but Corporates & Media will never report any bad news as they all work with Fraud Street gang with the support of FED
Although it will appear to be doomed when the Euro craters, it's actually the sovereign independence of these countries that is doomed.
The politicians will lose their right to manage their countries in exchange for steep haircuts on their debt when they default.
Spot on! And the ECB masters have artfully structured reserves which mark-to-market Gold.
Which was the plan and purpose of the NWO elitists right from the start. Enslave everywhere and everyone. Politicians are predators. Humans are spineless morons.
It seems that slavery is best when contained. When slavery turns to hit people who thought they would never know it, suddenly, slavery is no longer that good.
Too much pessimism. Plenty of sun shining thru the holes burnt in the ozone layer.
its true , i'm a total dour bastard like my ancestors before me.
therefore gold suits me,
i was out of the market in 2008, got back in and then baled out again in june this year, just in time for qe2....
sod it, i like ringing my bell 'Doom, Doom...'
not getting me far though.
Its the endgame - not for the euro
but for the the europeans....
they will fight or die.
the usa should be grateful for its neighbours and lack of empire derived guilt.
IDK about all those charts, but my cab driver in St. Martin said: "The Euro is a mess, everyone wants (US) dollars."
There's the reality check.
From Willem Buiter; http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8230413...
Willem Buiter, Citigroup's chief economist, said the response (Europe) had been "woefully inadequate", raising the risk of fresh bank failures and a wave of sovereign defaults next year. He said the EU authorities may need a mix of measures worth up to €2 trillion to stop the rot.
The Euro will survive.
when all is said and done , the elite, will, one day, have to face God, and will have a lot of explaining to do! i'd love to be an angel on the wall, and watch Him pull the lever casting these elite bastards to hell, or even Detroit!
Bank of America is a Public Disgrace and Should be PUT OUT OF BUSINESS!! The BANKING ELITE have cost TAXPAYERS TRILLIONS in FUTURE BAILOUT MEASURES and the AMERICAN PEOPLE are SUFFERING!
To find out more about the TRUTH of the recent MORTGAGE SCAM, watch the YouTube video “BANK OF AMERICA ~ A PUBLIC DISGRACE” at (http://www.youtube.com/watch?v=cXDpOBOS94A).
This is absolutely appalling and I am dumbfounded why the American people aren’t RIOTING in the STREETS as we speak. Thw civil and political unrest we’ve seen in Europe is without a doubt coming to the United States!
Bend over America and enjoy getting SCREWED by the BIGGEST BAILED OUT BANK in the Country!!
Europe will slide into civil war soon enough.
the socialists have ensured that.
the financial side of things will be the catalyst but other things will come to the fore.
Muslim population in the uk has doubled to almost 3 million from 2001 to 2010, since 9/11 attacks.
When things go bad , things get nasty.
Euro stocks will outperform USD stocks next year.
Mucho Euros and Dollars are chasing yields in Central and Northern Europe.
The bond game is up.
This guy hasn't got a single thing right all year !
Perhaps futures in Depends™ and toilet tissue, you know, for when the shit hits the fan (and britches). Oh, and umbrellas, gonna be popular when said shit comes raining down.
There is another country - Estonia adopting EURO in January 2011 despite all problems. On 13 July 2010, Estonia received the final approval from the ECOFIN to adopt the euro as from 1 January 2011. On 20 July 2010, the mass production of the Estonian euro coins started at the mint of Finland.
Estonia originally planned to adopt the euro on 1 January 2007 and officially changed its target date to 1 January 2008, and later, to 1 January 2011.
It looks like there are still forces in Europe (and probably in FED - swap lines) - planning to keep Euro afloat for a long time.
As usual: no end game and watch for more integration procedures.
Actually, I think that the problem in Europe is denial. They just have not realized and accepted the fact that we are in a global race to the bottom - at least for the ordinary citizen/worker.
On the other hand - the elite have never had it so good. As time goes on the paranoia will set in for them. "I have all of this - I know someone is going to want to take it from me." I wonder how long it will take them to realize that the "law" will not protect them once civil society breaks down.
Huh how lucky for them we have police states slamming into place. More and more uniformed goons of the state to keep the serfs in line. It's almost like they saw it coming...nah!
I don't know. It seems a lot like the "market". Everything works great - until it doesn't. History is full of authoritarian states - sometimes they go out with a bang - sometimes a whimper - sometimes they just keep going. However, a lot of tyrants and elites get it in the neck along the way - inspite of "protection".
Ah but that is the beauty of it. Never forget that powerful people tend to be very competitive and often, especially in government, sociopaths. What is to say that they would not kill each other off should the opportunity present itself? Predators often hate each other and will kill competitors at the first sign of weakness. Social Darwinism at it's finest.
What does the phrase "literally reached a fever pitch" mean?
Like, do people have the fever (rheumatic fever? influenza? or?)
Sloppy writing like that is so, so stupid. It's a shame.
Give the guy a break, mister
+1 fat ass
Apocalypse, sky falling and a guy riding in on a white horse to save the day if you subscrive to his service.
Are ZHers actually stupid enough to eat up this sh1t?
Not stupid no.
Stuff from Europe is getting a little cheaper these days. I keep an eye on the British Pound and the German Mark.
Keep in mind that Euro's headquaters resemble a unfinished tower of Babel from the Bible and it all will come down and when it does, it will settle everything.
So "long term" is 1.5 years?! Take a look at eurusd chart from 2005 to 2010, it is pretty much in the middle of trading range. I remember the "talk" in 2002, when eurusd reached parity...it certainly would not go much higher than that, right?
Yes, that's true, the 5 year mean is about 1.4. However, it is in a downtrend as defined by lower highs and lower lows which is what traders pay attention to. Maxima at 1.6, 1.5 and 1.4, minima in between at 1.25 and 1.2. The $ is also near its 5 year mean but has decreased from around 1.15 to .8 over the last decade (30% loss of value). Meanwhile equities down 10% over the decade. As all zero hedgers know gold is up about 350%-hardly a zero hedge, eh. But get this, copper (as measured by FCX, the big copper producer) is up 1200%. What's interesting is that copper was still up 200% (relative to the decade start) at the financial crisis minima. Got to love those conducting metals!
GREECE BONDS ARE NOW AT 12.55%!!!
Like a bear trap; "oh lookee-here free num-nums! This is a strange looking plate, oh well, no matter..."
Providing more ammunition for the politicians to quiet the rioting crowds there. "Look, look how bad things are! Only a euro-wide bond will save us!"
The second the european bond is issued, the headlines will read "AMERICA is INSOLVENT!!!"
"Russia, China and XYZ, sign pact to trade only in Euros"
"The Dollar is toast", said expert XYZ. "We are seeing a move into commodities and foreign currencies. This will not abate until spending is under control and I am not sure the FED can do much to reverse the tide."
Pathetic at best.
XYZ, a.k.a: Mr. George Soros
Is that bastard still alive?
The problem with the Euro concept is that TPTB will continue to drain the lender of last resort (the taxpayer) until the fat lady has sung.
NO, the problem with the Euro is that all the Euro countries have morons for presidents who don't do shit!
The model is tired. They are creating a problem and offering complete unification as the solution. It is old, tired and weak. The only thing going for it, is that it is somewhat peaceful. Not sure how long that will last either.
I see on the horizon a perfectly formed mushroom cloud...
Some, like the most popular picks (Gold an Silver bullion) will records strong gains. However, others, (the ones that 99.9% of the investment world are currently clueless about), will go absolutely parabolic.
To what is he referring?
pt and pd
I would like to know what he is talking about the "others." I think you have to subscribe to his service to find out.
24 hour massage parlors?
Rare earth metals? Crude oil, soybeans, cattle futures?
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