Here We Go: Suez Canal Workers Go On Strike

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Tue, 02/08/2011 - 12:18 | 943025 slow_roast
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It would be awesome if they demanded payment in SILVER!


Tue, 02/08/2011 - 12:21 | 943041 gwar5
gwar5's picture

good one

Tue, 02/08/2011 - 12:33 | 943082 Jason T
Jason T's picture

Like India did to the romans after the roman debased their money to base metals.  ..basemetals. better than paper.  

Tue, 02/08/2011 - 12:50 | 943152 tmosley
tmosley's picture

To my knowledge, India always demanded gold as payment for goods going to Rome.  This is likely the main reason that they never adulterated the solidus (their gold coin).  Since Rome never produced anything that was wanted in India except gold, those coins rapidly disappeared from Rome.

Tue, 02/08/2011 - 13:13 | 943216 william the bastard
william the bastard's picture

So says mr know-it-all.

Tue, 02/08/2011 - 13:18 | 943237 LowProfile
LowProfile's picture

No, he just knows more than you.

Tue, 02/08/2011 - 13:19 | 943240 tmosley
tmosley's picture

Yes, a real man spends much of his time in study, and on diverse subjects.  It keeps the mind sharp, and leads one to new avenues of understanding.

But you wouldn't know anything about that.

Tue, 02/08/2011 - 13:23 | 943252 william the bastard
william the bastard's picture

You spend all your time posting about gold.

Tue, 02/08/2011 - 13:26 | 943257 EscapeKey
EscapeKey's picture

I must be in the fucking twilight zone. All I ever see is you doing is parade about your uninformed opinion with regards to gold, and yet you accuse tmosley?

Tue, 02/08/2011 - 14:01 | 943406 quasimodo
quasimodo's picture

Give him a break, it's not easy when all you know how to do is post mind numbing drivel between sessions of jacking off. Don't forget wtb, mum needs to pick up more Lubriderm for you when she goes out for more Kools and Jim Beam.

Tue, 02/08/2011 - 14:59 | 943597 Things that go bump
Things that go bump's picture

Yeah, but you'd think with a handle like that he would know a little history.  

Tue, 02/08/2011 - 13:45 | 943337 tmosley
tmosley's picture

You must have a lot of trouble composing messages, which I suppose explains the brevity of your drive by troll posts.  Some of us are able to type quite quickly.  I spend maybe an hour a day composing posts at maximum (when composing a series of long posts during a debate), normally more like 15 minutes.  Zerohedge is a source for much of my study of economics.

But then, you wouldn't know much about study.

Tue, 02/08/2011 - 14:30 | 943505 william the bastard
william the bastard's picture

Your anal retentive about always having the last word. You smug, self-righteous, pompous ass.

Tue, 02/08/2011 - 14:43 | 943562 Dr. Porkchop
Dr. Porkchop's picture

If only your mind were as retentive, then perhaps you might be able to form a proper contraction.

Tue, 02/08/2011 - 15:02 | 943610 tmosley
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You sure you aren't talking about yourself there?  You are the one who continues to reply with empty insults.

Tue, 02/08/2011 - 18:05 | 944361 Groucho
Groucho's picture

i think pee wee herman said it best "i know you are but what am i?"

Tue, 02/08/2011 - 15:56 | 943848 Goldenballs
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tmosley is a Top bloke in my book,unlike the troll.

Tue, 02/08/2011 - 13:19 | 943239 Jason T
Jason T's picture

I checked where I read about india taking gold.. you are correct, they always demanded gold as payment during roman empire.

Tue, 02/08/2011 - 14:04 | 943413 dearth vader
dearth vader's picture

Well, I wonder. What sources did you find? As far as I know, scarce direct contacts are known of between the Imperium Romanum and India, as "India" didn't exist in those days, apart from different kingdoms in the Indus valley. Trade depended on caravan trails, mostly.

Tue, 02/08/2011 - 13:57 | 943392 New_Meat
New_Meat's picture

Asiatic Annual Register, 1801.  CHAP. II, 2nd page.

"Thus, it appears, the commercial intercourse between Rome and India was extensive and splendid; though the profits arising from it were certainly in favour of the latter nation.  For, as the Romans gave nothing but specie in exchange for articles of mere luxury, and as that specie could never flow back to them through any other channel.  It follows as a necessary consequence, that this trade must in some degree have operated as a drain on the national resources.  At the same time it would appear, from a variety of circumstances stated by Pliny, that the general wealth of the empire suffered little diminution from this branch of commerce.  And though it might have contributed to accelerate the progress of corruption among a degenerate people, yet, in a philosophical point of view it was ultimately productive of considerable benefit to mankind. ..."

- Ned

(them 50% off coupons at Borders pay off somehow or another)


Tue, 02/08/2011 - 23:19 | 945225 Buck Johnson
Buck Johnson's picture

Sounds familiar doesn't it "Rome never poduced anything that was wanted except...", in the US case it would be debt, weapons and more debt.

Tue, 02/08/2011 - 12:18 | 943028 the not so migh...
the not so mighty maximiza's picture

The marines will take of it, in the name of Bernank.

Tue, 02/08/2011 - 12:36 | 943111 Nepenthe
Nepenthe's picture

google "operation brightstar"

We have been prepping for this for a long time....

Tue, 02/08/2011 - 12:46 | 943142 Cleanclog
Cleanclog's picture

Enterprise air craft carrier already in east Mediterranean and another "rescue"/attack ship en route.

Tue, 02/08/2011 - 13:22 | 943249 LowProfile
LowProfile's picture

You meant "Operation Bright Star"

Try actually Googling your Google recommendations next time, mmmkay?

Tue, 02/08/2011 - 14:21 | 943474 LFMayor
LFMayor's picture

You sure that's not Brave Star?  You know, fighting injustice on the planet of New Texas, through the might of the power of fire water.  Or something like that.


Tue, 02/08/2011 - 12:27 | 943029 Pladizow
Pladizow's picture

Ssssshhhhh, Uncle Ben will make it all better.

Tue, 02/08/2011 - 12:37 | 943105 tao400
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how can i get a blown up picture of your rack?

Tue, 02/08/2011 - 12:52 | 943163 cougar_w
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I hope I can get a cut on their ad income today.

Tue, 02/08/2011 - 12:19 | 943033 Rodent Freikorps
Rodent Freikorps's picture

If they are willing to die, they might actually accomplish something. Otherwise, they are just screwing the pooch.

Tue, 02/08/2011 - 12:31 | 943069 Hephasteus
Tue, 02/08/2011 - 12:33 | 943080 Rodent Freikorps
Rodent Freikorps's picture

This isn't a revolution. It is a riot/strike.

Big F'n Deal.

Tue, 02/08/2011 - 12:20 | 943039 gwar5
gwar5's picture

Seen in the Suez:  "Will work for food"

Tue, 02/08/2011 - 12:32 | 943074 In Fed We Trust
In Fed We Trust's picture

Let me guess,


Organized by none other than Halburtan.

Tue, 02/08/2011 - 12:22 | 943044 EscapeKey
EscapeKey's picture

I hedge by buying NFLX.

Tue, 02/08/2011 - 12:32 | 943071 hedgeless_horseman
hedgeless_horseman's picture

Brent back over $100 on the news.

Tue, 02/08/2011 - 13:10 | 943210 william the bastard
william the bastard's picture
Suez Canal operations unaffected by strikes-official

Tue, 02/08/2011 - 13:27 | 943266 H. Perowne
H. Perowne's picture

TD already updated the post with this info. If you can't keep up with the conversation it's best not to speak at all.

Tue, 02/08/2011 - 12:33 | 943078 hugovanderbubble
hugovanderbubble's picture


I will load some GOOG for hedging SUEZ block¡


Tue, 02/08/2011 - 12:36 | 943107 braveneweconomy
braveneweconomy's picture

Not a bad idea with the way this market is running. Now that the protest has broken up the market seems to have lit another fuse. 

Wed, 02/09/2011 - 00:42 | 945491 StychoKiller
StychoKiller's picture

New "twist" for the "death-spiral" fries:

US stocks posted gains on Tuesday on strong sales from McDonald's and other retailers, overshadowing the Chinese central bank's decision to raise interest rates. McDonald's shares gained more than 2 per cent after the fast-food giant said sales were up in January.


Tue, 02/08/2011 - 12:22 | 943045 dick cheneys ghost
dick cheneys ghost's picture

reports of hosni mubarak going to germany for "medical reasons", more like exile

Tue, 02/08/2011 - 12:25 | 943052 tmosley
tmosley's picture

Does "not getting torn to shreds by an angry mob" count as a medical reason?

Tue, 02/08/2011 - 12:36 | 943097 DaveyJones
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preventative care

Tue, 02/08/2011 - 13:53 | 943375 AnAnonymous
AnAnonymous's picture

reports of hosni mubarak going to germany for "medical reasons", more like exile


Well, well, the Egyptian tyrant might be on a different course.


Lets see: all these guys are paid to allow extraction of resources from their countries so these resources are allocated to building the West.

As a consequence, as those dictators work to empoverish their side of the world to enrich another side of the world (smithian economics), they do not invest their money in their country ( a place increasingly poorer and poorer) but mostly on assets based in the West (a place increasingly richer and richer). Dictators follow the logical course.


Trouble is that when they flee, it might be interpretated as they failed the West in the mission they were assigned to and as a payback, the West seizes the assets the dictators have located in the West, the place they contributed to improve.

Not sure that the Egyptian tyrant was to be punished by the West the same way the Tunisian Tyrant was and let a life of hard work go to the gutter just like that.

Tue, 02/08/2011 - 14:00 | 943400 trav7777
trav7777's picture

Nein.  It's all well and good to blame the west for income inequality in the 3rd world, but at what point does the fault lie with the dictators there who all retire megabillionaires?

I mean, shit, look at Hariri's kids...some of the youngest multibillionaires in the world.  The populace of those areas simply need to demand a share of the loot.  Why haven't Norway or Australia seen the same fate?

The US had its heyday when ordinary labor demanded a larger share of the profits of industry.  That trend has reversed...the west isn't really getting richer, it's getting hollowed out as we begin to resemble the 3rd world's income distribution

Tue, 02/08/2011 - 14:36 | 943530 AnAnonymous
AnAnonymous's picture

Dictators in the 3rd world have income inequality with the West? That is a first piece of news.

They get very well paid to allow the transfer of wealth from their countries to the West.

In general, they are richer than the average person in the West.


Tue, 02/08/2011 - 12:24 | 943046 randocalrissian
randocalrissian's picture

Looks like I picked the right week to top off the 10,000 gallon underground gas tank in my back yard.

Tue, 02/08/2011 - 12:34 | 943083 In Fed We Trust
In Fed We Trust's picture

Can I buy a forward contract on some of that gas in your back yard?

Tue, 02/08/2011 - 12:37 | 943112 DaveyJones
DaveyJones's picture

we'll have to declare your yard a terrorist breeding ground 

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