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Guest Post: 2011 Tipping Points
By Gordon T. Long of Tipping Points
2011 Tipping Points (pdf)
Throughout my 2010 article series "Extend & Pretend" and "Sultans of Swap" I stressed that we were rapidly moving from the Financial Crisis of 2008, through the Economic Fallout of 2009 -2010, towards a Political Crisis in 2011 -2012. We are now clearly beginning to see the early emergence of the final part of this continuum. From North Africa to Wisconsin all are fundamentally based on the single insidious underlying problem - excessive global debt and credit levels.
The global macroeconomic environment appears to be rapidly unraveling. The situations in North Africa through the Middle East are blatant proof of social unrest and accelerating political instability. Food shortages and inflation pressures are now driving people into the streets. When you feel the hunger in your stomach and see it in the eyes of your children, it quickly erupts and motivates people to action.
It is now time to revisit our Tipping Points framework to see where this is leading. A framework that is clearly pointing to a global fiat currency failure and an emerging new world order which is detailed in our "2011 Thesis - Beggar-thy-Neighbor".
Our Tipping Points which are outlined below are adjusted continuously based on daily news flow analysis. Through a proprietary 'Process of Abstraction' news is tracked and consolidated around these potentially critical flash points.
CHANGES OF SIGNIFICANCE THIS QUARTER
INCREASES IS WAS CHANGE
1) Oil Price Pressures 14 30 +16
2) China Bubble 9 22 +13
3) Food Price Pressures 5 15 +10
4) Rising Inflation Pressures &
Interest Rate Pressures 6 14 + 8
5) Geo-Political Event Risk New
6) Social Unrest New
DECREASES
1) North & Southern Korea 30 12 -18
2) Financial Crisis Programs
Expiration Impact 34 24 -10
The Tectonic Shifts from 2007 to 2013 are best shown in the following illustration which is closely tracking our expectations and projections from the early stage of the financial crisis.
CONCLUSIONS
We need to carefully watch:
1) The increasing & accelerated contagion of social tensions. Watch for Asia demonstrations in places such as North Korea.
2) How and if the Central Banks actually do unwind their crisis ‘triage’ programs or are they realistically now permanent and necessary to maintain the illusion of financial stability?
3) New government public policy initiatives to combat growing inflation and price pressures
4) The financial sectors abilities to continue to hide massive nonperforming commercial and residential real estate loans through Federal Reserve endorsed accounting gimmickry.
These events will allow us to determine if our roadmap is still valid or if we are going to see even sooner and possibly poorer financial outcomes than we predict in our free Monthly Market Commentary and Market Analytics reports.
The public will soon wake up to the magnitude of money printing that is going on to support the economic recovery fallacy. When the public does become aware, “Money Velocity” will accelerate. When this happens, the likelihood is that the markets will dramatically rise, not because economic conditions are improving, but rather because of a depreciating US dollar. We believe this expectation is presently being priced into the market. We are truly exposed to the potential of a “Minsky Melt-Up” or more correctly from an Austrian perspective, a Von Mises “Crack-up Boom”.
The risks are presently towards a SHORT TERM corrective consolidation. The Intermediate Term calls for higher market highs into June 2011 - then it gets ugly - fast!
“The Federal Reserve historically was the lender of last resort in a crisis;
Today, the Federal Reserve is the buyer of first resort in a crisis
..... and every day for that matter”
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Yes I do I still want TYLER to get to the core issue...QE3 yes or no
Libya is right. President for Life, Gaddafi, said we may invade his country.
http://www.dailymail.co.uk/news/article-1360436/Libya-protests-5-shot-de...
I guarantee you before it is over, we will be all over the middle east, as the zionist mercenary new world order occupation army......Get some more of those body bags ready. The pathetic sheep don't care.
Spreading freedom and democracy through shock and awe.
Perhaps a company that makes body bags would be a good investment.
I fucking knew it. Revenge of the south to put a nigger in the WH, as the empire falls.
This is got Rove's and Poppy Bush fingerprints all over it!
JFK > Killed
Nixon > Set Up
Obama > ScapeGoat , Set Up
This video says it all. Wondering what Obama does on his free time?
http://www.youtube.com/watch?v=R2KqnhjhL88
Puts in a round of golf I believe.
I've told my black friends to just blame his white half. It is obviously what corrupted him from the true communist revolutionary path.
Oh, sure. Junk me. But they did feel better armed with that fiction.
El Presidente Obama, is from Chicago by way of Hawaii with no known birth certificate, but who cares right?
In Fed: Junked your lowlife derogative.
slow down a bit on that crack pipe sonny
Obama New Deal II = Total World Communism?
It's not communism you should fear...it's this new capitalism....
They ain't no capitalism goin' on round these parts.
I so wish people would understand that.
People with a pulse and a noggin' do, the zombie fucks don't..
casino style crony capitalism, dishonest with no disclosure, and off balance sheet
Fascism, oligarchy, corporatism, socialism for the rich, statism...there's a whole bunch of terms that are much more accurate than 'new capitalism'.
Statism encompasses all the other philosophies............and they all lead to war and poverty. Get rid of the state and you get rid of the ills it brings.
Personally, I like using the term "Peronism". What Peron and his cronies did to administer the coup de grace to the Argentinian economy through his combination of crony capitalism, syndicalism, and devaluation reminds me of what the Bernank and his poodle in the White House are doing to the economy today.
Not only in the U.S., but world wide. As others have remarked, the world wide epidemic of inflation in basic staples is no accident.
That said, the Argentinians did have Evita, did they not?
In memory...
http://www.youtube.com/watch?v=X4oPWINVVEw
Yeah, and we have Michelle.............
Still have not understood why new capitalism? Is what way this capitalism differs from what capitalism has displayed so far?
what should we call it Leo, Neo-Feudalism? The oligarchs want to destroy every article of the social contract. I do differ on the matter of economic communism, a centrally planned economy, which seems to be the aim of Chairman Bernanke, but that's merely a race to the bottom for the working poor. Soon Americans make the same as Chinese workers, with the same environmental and regulatory problems. So yeah, thats' the end game, Neo-Feudal transfer of wealth to the few.
Impossible in the US. Will have to take place elsewhere but not in the US. The US will stay a preserved environment.
what common political slogan did both Sarah Palin and Barack Obama have in common? "Drill Baby Drill.."
Huh? Bo is on record saying he wants high energy prices.
Leo, we need a new word for the economic system you’re referring to so as not to slander the word “capitalism” which has been the engine of American free enterprise and the growth of the most important miracle in the history of man.
When you say the “new” capitalism you are suggesting that it is related to the old capitalism. Capitalism is an economic system of the private ownership of the means of production based on liberty; it doesn’t mean owning the president of the United States, it doesn't mean owning the courts, and it doesn't mean picking the secretary of the treasury, and telling the secretary of state where to develop resources to put into your pocket.
But there is a word we could use—it’s called criminal despotism.
Keep it up and eventually they’ll be no words defining anything, which is exactly what we have now with the U.S. Dept. of Labor – its words, thereby its statistics, have become completely meaningless.
Have you ever wondered why some of the wealthiest people in the world have been financing Communism, Socialism, Obama, et al.?
W. Cleon Skousen’s book The Naked Capitalist is a review and commentary of the amazing story of Dr. Carroll Quigley whose book, Tragedy and Hope, tells how a secret power group gained the necessary economic and political power to seize the human and natural resources of the entire world.
As one reviewer said of Quigley’s work: “Although some of the people in this power group (the Rothschilds, the Rockefellers, Warburgs..) are some of the wealthiest in the world, their seizures of power has resulted from Communist agitation and Socialist legislation.”
The Naked Capitalist is a powerful lesson in both economics and politics for all Americans who value a weapon against an enemy that seeks to destroy American freedom.
I agree, shouldn't slander capitalism, especially since none of us are old enough to remember it.....
Bohicaism - this is Bend Over Here It Comes Again-ism we're living in, so I submit bohicaism
Sounds like a winner. Bohicaism rhymes with Bolshevism and gives a man time to brace himself and prepare for what’s coming. Congratulations, you are the proud winner of the newly issued "Peregrine" Paulson 3” bronze medal for Hank’s "long-time interest in birds of prey" while secretary of the treasury. (WARNING: Not to be worn near Paulson’s victims of prey—America’s middle class.)
A hollow victory...but I don't have to fork over $42 for it :-)
Secret group? What do you mean? What secrecy?
The people who seized the Indian lands, bought and grew slaves since the birth of the US are well known. They were US citizens. Nothing secret about them.
No new word needed for the continuation of an old trend. The old one will do.
Crony "capitalism" with repressive state=fascism, Leo. You are right that it is not communism, but not much of an improvement.
Call it crapitalism - short for crony capitalism :-)
its not that new Leo
its a mix of both
got its own special name:
fascism
Communism is where the workers control everything in a utopia without class distinctions or property rights. No, thats not where we're headed.
I think they have something entirely different in mind, something on the other end of the spectrum.
something on the other end of the spectrum.
Not the other end of the spectrum (anarchy) more like a statist/elitism cousin.
http://humanknowledge.net/PoliticalSpace.jpg
I disagree with the location of Communism on that diagram. It should be in the same quadrant as liberal and libertarian.
My guess for where we are headed is fascism with a big smiley and 24/7 media cheerleading. Everybody's happy, and for those that aren't, they disappear.
Agree. I've been calling it "State Run Capitalism". Which in its extreme form was what the Germans had under Hitler with National Socialism. A tiny elite gets all economic benefits and everyone else has to work for them with no rights. Government tells you where to work, when, for how much, for how long and shut up about it. Be glad you have a job and a roof. All must be sacrificed for the state and National Security. We're under constant threats from all sides even from within Always the same excuse for revoking all freedoms and privileges.
Notice we had a new "terrorist threat" this week with an arrest. NYC security went bonkers yesterday with air patrols and street surveillance everywhere. I got a tan from the X-rays and IR as I walked past all the police vans and unmarked vehicles.
Communism is where the bosses pretend to pay the workers, who pretend to work. - Ned
http://c4ss.org/content/5740
Obama Marxism Watch ù Be Very Afraid!
by Kevin Carson
For over two years, we unappreciated patriots have taken
upon ourselves the thankless task of outing Barack Obama
as a closeted Marxist and exposing his insidious socialist
agenda for enslaving this country.....
"An emerging new world order." Bingo...right on time...I am putting my money on the Catholic Church. The world economy collapses and the Pope comes forth with the claim that he is the only moral authority to determine economic equality. All consititutional rights are suspended and those that do not go along with the program are not allowed to buy or sell. Chapter 13 of Revelation is considered (by real Bible students) to be the "Papacy" chapter where, "he cause all, the small and the great, the rich and the poor.....to be given a mark on their right hand or on their forehead." Rev 13:16.
I have to disagree.
Me too,thats not how the BOOK tells it.
Who demands worship,and the Mark?.Now the Prophet could be associated w/ the(Whore),he tags along w/ the Beast,but no one knows.Where, or what ethnicity either are,or comes from.
The signs and Wonders that HE solves ALL the worlds problems & brings the entire world to his feet begging him to be leader.
And he does a slam bang job of it for 3.5yrs, then HIS SHTF,as he declares himself to be god in the temple.
If the Catholic Church took over, that would be the Old World Order. I find it odd that you pick one of the only groups against which it is still ok to hold a prejudice (what other group can be attacked as maliciously, without attention to political correctness/offensiveness)? More people cry out when Islam is called militant than when someone cracks an altar boy joke.
The Catholic boot would not be any better than the jewish boot or the Islamic boot for that matter. Power corrupts and obsolute power corrupts absolutely. A boot is a boot and I as an American do not like a boot on my neck. I want it off of my neck, no matter whose boot it is. We see that the Catholic church as any other power center does not like disagreement with its viewpoints, judging from its actions of burning anyone at the stake who had a differing viewpoint on things etc. When people came to this country, many of them were running from what was going on in Europe and England and wanted to be free to worship the Lord as they saw fit and did not want to bend the knee and kiss the ring of the Pope or any of him minions. I have often thought of the scenerio of myself sitting somewhere in a sniper position high in the hills overlooking a strategic road and the radio crackles to life and the voice on the other end tells me to take out a vehicle full of bankers and I look through my scope and I see two vehicles, a car full of bankers and a car full of priest, and the moment of hesitation I would have in my mind , thinking about which car I should shoot at first.........Hmmm....:)
I can agree wholly and totally with your boot analogy. Various Christian groups spent several centuries killing each other in Europe--no small wonder people were pulled to the U.S. party for religious freedom.
The Bible they used here, by the first Americans, was the Geneva was it not? They had no use for the King James version because it came from the Latin vulgate. They also had no use for Catholicism, having suffered in that system for oh so many years. We just recently celebrated a holiday called St. Valentine's day. St. Valentine was a priest in England who wanted to get married and disagreed with the Pope on it and for this he as burned at the stake....etc etc.... It was many, many years before people here started celebrating false holidays such as Christmas because they knew thought it was a pagan holiday started by Gregory I believe, no? What man meant for bad in this place, God meant for good. While the American armies were fighting the Brits, there were many righteous men and women on their knees in prayer closets petitioning the Most High for favor and so their prayers were answered. But the evil one was here, and always will be here and most people do not understand that the war and the battle never ends and never will end and anytime someone gets sleepy and falls asleep such as the time when the soldiers came for Jesus that day long ago and his own diciples were asleep, so we have been asleep and now our nation is dying quickly now. The preacher kid (PK) is out there now. I know he is reading this. He will speak up ......:) unless he is doing honey do's ....
The reach of your history is not far enough. If you would just check the most superficial source, wikipedia, you would know that St. Valentine refers to one of several individuals proposed to have lived between 200 and 400 A.D.--a martyr in Roman Africa, a Roman priest, or a different Italian bishop. English poet Geoffrey Chaucer (several hundred years later) combined in fiction the romantic sentiments associated with Feb 14 and St. Valentine (whose feast was celbrated on the same day). I suppose I am talking to the hand again?
Thou art most correct oh noble Aquiloaster. I got my saints mixed up or something. I consulted my trusty "Lives of the Saints" book and whola, there you go. My bad.....
The story of the US has been one of religious untolerance and uniformization. Not religious freedom.
US citizens have suppressed others' beliefs from the start, the only thing that mitigated it was the available vastness, allowing people to live each in their cult.
People were to the US mostly because they had become surplus in an increasingly more waste economy.
The pope...lol. He's got a hard sell convincing many people he's any kind of moral authority.
Vatican 1, Vatican 2, only a very small difference. Yet they all say, well we need to go back to Vatican 1 and use Latin in our services, that way we can be better persons. Oh really says I?
d'oh....
You do know he is jewish and he also was a member of the Hilter youth don't you? Strange thing you say? How can a jew be a member of the Hitler youth? Hmmm, strange but true says I.....:)
I dunno, wasn't Soros also?
Sort of. He was a Nazi collaborator in Hungary.
The Catholic church doesn't have any money. They let the Rothschilds be their bankers a long time ago. It is just a empty shell, and yes it will be of use in the last days. Matter of fact, the Catholic church tried to keep the peasants from being able to read the Bible , so they kept it in Latin, one of the languages spoken by the learned set, during the middle ages. So with the invention of the printing press and Bibles being printed up in the languages that the peasants could understand, suddenly they saw this chapter in Revelations and they immediately said it was, indeed, the Catholic church this was talking about. Interesting, no? It was about this time that the converso jews running the Jesuit order came up with the falacy of the premillennial rapture theory to obvuscate the truth. This false teaching spread into the Protestant faiths through the teachings of John Calvin who also was a converso jew whose job it was to go to England and spread hate and discontent and cause divisions among the believers there and this he did. This is why there are so many types of Protestant churches. Calvin had changed his name while he was in Switzerland from Cohen. He too was a Rothschild agent. While the sheep have been sleeping all these many years, the enemy has been at work. Now we see the final stretch of this race for the finish line and the thousand year reign of the rabbinical judaism coming up in the distance, or so they want so much they can taste it. It would pay, for the sheep to understand such things and know their true enemy, but this is of course asking a whole lot. at this point. Just being able to get them to drop this left, right liberal conservative silly arguments is a monumental effort, much less anything so esoteric.
At this risk of going to far into a religious debate, I would like to clarify that the Bible remained a Latin text not because of an articulated desire to obfuscate, but rather, a desire to leave the word of God in the form in which it was revealed. This is very similar to the Qu'ran not being translated out of Arabic until recently. We think of languages as various ways to render the same reality, while in the middle ages, they considered reality to be differently constituted depending on the language used (very similar to the Sapir/Whorf hypothesis from 20thC linguistics). It is primary for this reason and because of this world view that the Bible, during the middle ages, remained in Latin. . .not for some simplistic control scheme. For that type of uncouched manipulation, look to 20th/21st century mass media propaganda.
Yeh right. Talk to the hand.
Douay-Rheims Bible (1582) predates the 'definitive' King James 1611 by 30 years.
Those that claim Catholic Church was trying to keep the populace ignorant are just ignorant themselves. The church waited until the printing press was efficient enough to release the Bible upon the multitude of European language societies. Monastic vernacular translations predate Tyndale, Wycliffe, Geneva, etc. by generations.
Yeh , keeping people dumb as mushrooms in the dark certainly does not keep them more controllable does it?
Let me ask you a question Beau. Do you think the Catholic church has been infiltrated by oh shall we say, conversos, and if you do can you tell me when this event took place. What year perhaps? And if you agree with that statment can you tell me why this was done? What was the purpose and the goal?
As long as we're metaphyically masturbating, exactly how many angels could fit on the head of a pin?
3, imho
Is that a rhetorical question? ;-)
Are you talking about African angels, or European angels? It makes a difference you know.
The original biblical texts were Hebrew, Aramaic, and Greek......so what up with Latin - that is a translation, if they were concerned about leaving things in the original......they'd have left them in the original.
and it must be added that the printing press, to coincide with the reformation, massively and radically increased the # of the % of people who could read, from very little to very many
Latin was not the language in which "the truth" was revealed. Jesus spoke Aramaic, the Old Testament was written in Ancient Hebrew, and the New Testament was written in first / second - century Greek.
When was the OT written and who wrote it?
Moreover, the antecedent of the word "he" in your quote refers to the second "beast" that John mentions. Chapter 13 is about "beasts" and the havoc they cause to mankind in John's vision. Clearly, he did not literally mean that a beast was going to attack humans. In that case, what or whom the "beast" represents is open to interpretation. I dispute the claim that "real Bible students" consent that it is a Papacy chapter, especially if those students are Catholic, Eastern Orthodox, Coptic or Luthern.
I have always felt that the beast is a status quo system that is in place now. I mean we can all see how strong it is, and that no one will go against it now. Who can stand against this beast? Who indeed.
Nice article, Mr. Long. I appreciate the framework and the systematic thought which has gone into it.
That said, it strikes me as incomplete. It doesn't fully cover what I call the E^3 situation which confronts us (namely, Economy, Energy and the Environment).
Nonetheless, it strikes me that Tipping Points is a worthy addition to one's radar.
I do not think I would be buying this market today. I have been shorting futures all day. Thoughts leading into next week:
http://www.hedgefundlive.com/blog/stock-market-commentary-2252011-my-advice
Bring out the tumbrils for the elite......
One just never knows - an Archduke's chauffeur takes a wrong turn;
a female government bureaucrat knocks over a street vendor's fruit cart
and then slaps him - crystal balls are useless, better to have a glass
of wine in a outdoor cafe and savor the beautiful young women passing by...
It's never the last straw that should be scrutinized. Decades of entangling alliances and a world bent-over for oil dependence are the real causes of the fires...it's not the cigarette, but the acres of dry brush; something would have kicked off either war eventually.
Best to all of you bitches. Can a little Fox as whippping be in order? I'm locked in on the Obama Union Thread. Thanks fellow traders.
Sweet! I'm not done yet. Ohh buy the way. That wasn't a pop off off top on WTI. The roof was 55. Love you ass kicking wierdos.
But didn't you know we were in the 'latte recovery'
http://finance.yahoo.com/banking-budgeting/article/112150/signs-economy-is-on-the-upswing
It's was easy for the Fed to up the command-and-control in the debt and equity markets and the economy as a whole.
It's not easy to reverse it. Markets would revert to chaos. Big players would pick up their marbles and go home. Fear would be around every corner without the blanket safety of the Bernanke put. Playing the game with risk ain't the same thing as shooting fish in a barrel.
And power corrupts. Fed's not gonna give it up easy. They'll always claim national security. That rationalization never goes away.
Nice ! Thanks all. Hey I'm a currency trader. Watch the fixing in tokyo. The Jap. Pension fund is unloading JGB's. The MoF want's to explore removing some foreign holdings. Just be carefull. Those JPY Mom's like the carry trade.
Amazing that moms and the shoeshine boys in japan are all into currency trades and leveraged carry trade games. Crazy!
My answer to Gordon Long's article is this: Fed can't engineer a Minsky Meltup even though they're trying. That's because there's a problem: biflation is here. They're pumping up asset prices to try and create inflation, we know. But they can't reverse deflating incomes, housing, retirement benefits and employment. That's why this is not "Stagflation" which the guys currently in charge at the Fed claimed a victory over in the early 1980s. Back then incomes were spiraling higher and the Fed declared open war on "wage-inflation" by encouraging offshoring of jobs and industries, through de-regulation and union busting. But we had GDP higher GDP growth too.
Bottom line is current incomes and employment will not support current prices let alone increased prices. They'll only put more and more assets and necessities out of reach of more Americans.
Lotsa Luck.
I don't think he said engineered by Fed; I read it as a phenomenon unto itself, ergo: the freakin' algo's, HFT's, GS smarties and etc., ad nauseum, just cause a self-perpetuating run-up, becoming a classic runaway "bigger fool" panic-buying romp.... Sounds feasible to me. Can't say probability vs. a crash or long slide, but I think scenario the believers paint is a rocket-ride UP, then a fall-like-a-rock down.
Watching the propaganda machine working in OT today was a sign of string pullers distress.
I don't get involved with religion. My belief, everyone should have their own vision of GOD.
Let's take a moment to review Libya.
Muammar Gaddafi Speech To United Nations Sept 23, 2009
UN Speech 2010
Muammar Gaddafi Speech To United Nations Sept 23, 2009 transcript
UN Effort for One World Religion
Lastly..
Africa and The New World Order (1 of 3)
The shit is falling apart for central planners. The Internet community is a dangerous group of individuals who poke holes at MSM tabloid news outlets. It took me a good 30 minutes to stop laughing about Gaddafi possessing Soros & Obama books.
Gaddafi throws papers during UN speech aka. UN policy book
Follow the Money.. Sorry Tyler, this is my last Geopolitical post for the day.. Simply food for thought. Winks
.*
Is that the internet version of a brain fart?
Venezulan president saud US formented protests to move into Libya. Does he have a point ? As US is now almost certain to send its war machine into Libya?
http://dawnwires.com/politics/us-planning-to-move-into-libya-un-sanction...
Who really gives credence to Hugo the talking ass?
27 million Venezuelans?
Not impossible. The unrest only happen in certain locations while in an ocean of similar conditions countries.
Why nothing in Nigeria for example?
in general, i don't like the tipping point idea, cause a bucket tipped over has nothing in it, but on the exponential curve of growth and its inverse, it is a bell shape; and won't go to zero instantly
It just hit me that since ALL money is created out of debt the problem cannot be solely excessive debt (because a commensurate amount of money is created at the same time as the debt), but a more complicated issue in which there is a system issue with the distribution of debt. The wrong persons have the debt.
Malinvestment to the point of risk of collapse of the monetary system cannot occur if government is limited and price signals.are allowed to operate freely.
You are correct that the liabilities have been misallocated.
Sure, the tulip mania was all about government intervention?!
Capitalism and markets are useful tools, but they can't solve every problem on earth. Information asymmetry doesn't go away when you abolish government, for example. Fraud doesn't go away (or get properly priced in either). The effects of trade on the environment and other externalities are not built into 'price signals' until it is too late to do anything about them.
http://www.youtube.com/watch?v=gvbqG8EbxW0
Well, don't expect me to shoulder $14Trillion+, we're tapped out!
You ALL BETTER invest in some FUCKING HARD ASSETS!!!! For instance: Artwork! (see link)
http://gawker.com/#!5009114/jack+off-sculpture-sells-for-15-million
AIG will implode, unless this happens to stear the ship away from iceberg.
African Union is well on its way. Watch video to understand
Next twist of TV propaganda:
Experts say Africa is becoming a strategic battleground between world powers and in particular the US, the European Union, China and Russia.
-[AU security chief Lamatane] Lamamaran explained that Nato was a good model on which to build ASF [African Standby Force]. -African diplomats at AU say Nato's decision to expand into Africa demonstrated the bloc’s clear interest in countering competing nations, particularly China.
According to knowledgeable sources, the new security arrangement could be a way to block the continent’s other main arms suppliers – China and Russia.
The world’s most powerful multinational military bloc Nato is set to sign a cooperation pact with the African Union.
Though the stated aim is to counter global security threats and specifically threats against Africa, some observers read the pact as aiming to counter Chinese expansion in Africa.
Sources in the AU told the Africa Review that the North American-European military bloc is negotiating to open a liaison office at AU headquarters in Addis Ababa.
In the last two weeks, a delegation from the North Atlantic Treaty Organisation has been working with the AU’s legal department to finalise the new pact, which will be signed soon.
Experts say Africa is becoming a strategic battleground between world powers and in particular the US, the European Union, China and Russia.
AU security chief Lamatane Lamamaran confirmed that Nato is to sign a military cooperation agreement with the AU.
The AU is hoping Nato will assist in boosting the Africa Standby Force (ASF), which is currently ill-funded and ill-equipped.
Logistical challenges
ASF is a military structure covering the five sub-regions of Africa and is tasked in peacekeeping missions and intervening when member countries face an attack.
Mr Lamamaran explained that Nato was a good model on which to build ASF.
“Africa would like to learn from Nato on strategic airlift, advanced communications, rotation of important units among regions and to meet logistical challenges,” he said.
He added: “Nato is uniquely qualified to assist us (AU) to overcome these kind of difficulties.”
Nato was involved in provision of airlift capacity for the AU peacekeeping operations in Darfur and Somalia.
African diplomats at AU say Nato's decision to expand into Africa demonstrated the bloc’s clear interest in countering competing nations, particularly China.
According to knowledgeable sources, the new security arrangement could be a way to block the continent’s other main arms suppliers – China and Russia.
If the pact gets endorsed by AU member states, it would be a big blow for China and Russia.
“Africa needs all its friends – the more the better,” Mr Lamamaran said.
In its 2010 annual summit, Nato set itself a target to be a global “security guarantor” by the year 2020.
AU diplomats admit there are sharp divisions among member states on whether to allow foreign entities to operate on African soil with Libya being among the most oppose
http://wfol.tv/index.php/component/content/article/6269.html
Sorry Tyler, I lied again about posting this shit on your site tonight. Please forgive me. :>)
You tell them limberdick cocksuckers too call me, okay
http://www.youtube.com/watch?v=Wzmr8jkKn6M
What I find endlessly amusing is that Libya is on the UN Council on Human Rights.
Kind of says it all.
Like a Jewish bacon committee.
Like Canadians are any better. You ever see the stuff they call bacon? That isn't bacon, it is ham. Liars.
Monopoly on security. Nothing will move in or out a country without NATO(US) consent.
With friends like the US, who needs enemies?
More toxic and radioactive waste en route to the African continent, US business style...
Ladies and gentlemen, the WWIII is the ultimate solution for the banking elite. And I am afarid we will be there in less than five years.
http://www.youtube.com/watch?v=edyVA9e3WPE&feature=player_embedded
it's tipped. Send the faggot Charlie Sheen in there so he can get cut in half.
He knows all. He is a frelling Supra Genius.
Just ask him.
Dear Friend,
I invite you to exchange your Treasury securities at any price you deem fair. We will immediately credit your account with cash. We will require, however, that you immediately "invest" received monies in any asset class. My partner, Mr. Dudley, asserts that: asset prices must be "above what they normally would be." Please view our convenient POMO schedule to determine when we will purchase said securities. You may purchase the required securities days, or minutes, before our purchase. In 99.9% of all transactions, the price received will be substantially higher than what you have paid. There will be no investigation of these transactions and of the parties involved. There will be no accountability of where you "invest" received monies. You have no obligation to lend received cash to anyone and we prefer you do not. Should you require any further transparency regarding this offer, please expect a 2-7 year response.
B. S. Bernank
Good analysis. But there are too many unknowns.
A butterfly in Brazil starts the breeze which becomes the hurricane hitting Florida.
A fruit-seller in a desert town in Tunisia strikes a match and governments quake and fall across the Arab world.
Beware a cow fart in Oklahoma if a butterfly is that dangerous.
The butterfly effect is absolute bullshit. GIGO.
As a physical model of hurricanes and weather systems, yes, but as an analogy to explain the sensitivity of chaotic systems to small perturbations of initial conditions, no.
And definitely don't light a match next to the cow in OK unless you're no longer fond of your eyebrow(s).
China and Egypt
http://dawnwires.com/investment-news/why-egypt-needs-to-worry-china/
Good article...but that lesson applies to the US as well, right?
TPTB are destabilizing arab countries in order to reduce potential resistance to the eventual attack on Iran.
The german buyout of the NYSE is a step towards a one world exchange.
More and more extreme measures by both Dems and Reps (as the public reacts to each by switching votes from one to the other with little other choice) all pushing forward a unified agenda. There's nothing like a good crisis to use as an excuse for unconsitutional activity by the government, and they're orchestrating the "mother of all crises". An elaborate power grab, robbing of wealth from the masses, and clampdown.
Colonel Gadhafi’s Tripoli empire may be disintegrating but the radical wave of the American Empire is still alive and firing. These three paragraphs tell the story :
Today from Neocon Hawks Take Flight Over Libya | Antiwar.com
"In a distinct echo of the tactics they pursued to encourage U.S. intervention in the Balkans and Iraq, a familiar clutch of neoconservatives appealed Friday for the United States and NATO to 'immediately' prepare military action to help bring down the regime of Libyan leader Muammar Gadhafi and end the violence that is believed to have killed well over a thousand people in the past week.
"The appeal, which came in the form of a letter signed by 40 policy analysts, including more than a dozen former senior officials who served under President George W. Bush, was organized and released by the Foreign Policy Initiative (FPI), a two-year-old neoconservative group that is widely seen as the successor to the more-famous — or infamous — Project for the New American Century (PNAC).
"Warning that Libya stood "on the threshold of a moral and humanitarian catastrophe," the letter, which was addressed to President Barack Obama, called for specific immediate steps involving military action, in addition to the imposition of a number of diplomatic and economic sanctions to bring 'an end to the murderous Libyan regime.'"
http://original.antiwar.com/lobe/2011/02/25/neocon-hawks-take-flight-over-libya/
The names tell the story:
“Among the letter’s signers were former Bush deputy defense secretary Paul Wolfowitz; Bush’s top global democracy and Middle East adviser; Elliott Abrams; former Bush speechwriters Marc Thiessen and Peter Wehner; Vice President Dick Cheney’s former deputy national security adviser, John Hannah, as well as FPI’s four directors: Weekly Standard editor William Kristol; Brookings Institution fellow Robert Kagan; former Iraq Coalition Provisional Authority spokesman Dan Senor; and former Undersecretary of Defense for Policy and Ambassador to Turkey, Eric Edelman.”
The march of American/Israeli Empire now targeting Libya dates back to Afghanistan and most notably the sovereign state of Iraq where an initial thrust of The Project for the New American Century urged war as the solution for territory and resource expansion. The "Project" has included such proponents as Robert Zoellick of Goldman Sachs, now head of the World Bank…
“In a January 2000 Foreign Affairs essay entitled "Campaign 2000: A Republican Foreign Policy," he (Zoellick) was one of the first of those now associated with Bush's foreign policy to invoke the notion of "evil," writing: "[T]here is still evil in the world—people who hate America and the ideas for which it stands. Today, we face enemies who are hard at work to develop nuclear, biological, and chemical weapons, along with the missiles to deliver them. The United States must remain vigilant and have the strength to defeat its enemies. People driven by enmity or by a need to dominate will not respond to reason or goodwill. They will manipulate civilized rules for uncivilized ends."[25] The same essay praises the "idealism" of Theodore Roosevelt and Woodrow Wilson. Two years earlier, Zoellick was one of the signatories (who also included Donald Rumsfeld, Paul Wolfowitz, Richard Perle, Elliott Abrams, Zalmay Khalilzad, John R. Bolton, Richard Armitage, and Bill Kristol) of a January 26, 1998 letter to President Bill Clinton drafted by the Project for the New American Century calling for "removing Saddam [Hussein]'s regime from power."[12]
http://en.wikipedia.org/wiki/Robert_Zoellick
Fight Club- Already Lost Control
http://www.youtube.com/watch?v=l4T5Ehi5hOw
You left out the effects of The George W. Bush Spy and Eavesdropping Act, the Patriot Act.
new world order. ha
Baby 2011 must be holding the North Africa bomb behind the other bombs.
There won't be a "tipping point" since the printing will always be just enough to keep it inflating. Oops, I put too much air in my bike tire and it blew. Nevermind.......
http://4.bp.blogspot.com/_705-Iz874wo/TCFpb3GFDKI/AAAAAAAAArQ/YWpHtg9r2W...
http://www.youtube.com/watch?v=GgrX7uOZqHI