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Here We Go: Suez Canal Workers Go On Strike

Tyler Durden's picture


And here we go:

Suez Canal Company workers from the cities of Suez, Port Said, and
Ismailia began an open-ended sit in today. Disruptions to shipping
movements, as well as disasterous econmic losses, are expected if the
strike continues. Over 6000 protesters have agreed that they will not go
home today once their shift is over and will continue their in front of
the company's headquarters until their demands are met. They are
protesting against poor wages and deteriorating health and working

And just to make sure that there is complete confusion, here's Bloomberg with an earlier comment:

Egypt’s Suez Canal shipping traffic is operating normally, Mohamed Motair, director of companies at the Suez Canal Authority, said by telephone today.

Update from Reuters:

According to a senior canal official, Egypt's Suez Canal operating normally, strikes by companies owned by Suez Authority are not involved in Canal operations

Keep an eye on oil, which jumped on the news:

Source: AhramOnline


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Tue, 02/08/2011 - 12:18 | 943025 slow_roast
slow_roast's picture

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
tmosley's picture

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
Goldenballs's picture

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
tao400's picture

how can i get a blown up picture of your rack?

Tue, 02/08/2011 - 12:52 | 943163 cougar_w
cougar_w's picture

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
DaveyJones's picture

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 

Tue, 02/08/2011 - 12:38 | 943115 Just Observing
Just Observing's picture

Hope you have a 55gal drum of PRI-G.

Tue, 02/08/2011 - 12:46 | 943140 Cognitive Dissonance
Cognitive Dissonance's picture

Be careful with open flames and hand grenades.

Tue, 02/08/2011 - 13:48 | 943352 MachoMan
MachoMan's picture

I realize testing of tanks is a required part of the job, but make sure your water is routinely tested as well...  those tanks leak like a motherfucker...  have litigated too many underground storage tanks/heard/seen additional cases of leakage. 

[although, even if it does leak a little, you might hit a nice payday]

Tue, 02/08/2011 - 13:53 | 943373 dussasr
dussasr's picture

Why would you do that?  Fuel goes bad almost as quickly as quacamole left in the sun.

Tue, 02/08/2011 - 20:57 | 944818 Bringin It
Bringin It's picture

Define fuel.  Yes gasoline will deteriorate.  Diesel no problem.

Tue, 02/08/2011 - 14:45 | 943566 eddiebe
eddiebe's picture

How about sharing your location?

Tue, 02/08/2011 - 12:24 | 943048 overmedicatedun...
overmedicatedundersexed's picture

if "al qaeda" really exists..sinking a ship in the canal under current labor strike becomes much easier. and world oil markets will explode the wests economy..If they are puppets of CIA or such ,nothing will happen to the Suez.

Tue, 02/08/2011 - 12:28 | 943057 LFMayor
LFMayor's picture

You know it... one 400 foot vessel skewed and scuttled and that's all she wrote for a bit.

This strike thing might actually get the party started.

Tue, 02/08/2011 - 12:24 | 943050 doomandbloom
doomandbloom's picture

lets look on the bright side, we have something to blame the next quarters poor numbers on...the snow thing was getting a bit to repetitive...

Tue, 02/08/2011 - 12:26 | 943054 Kaiser Sousa
Kaiser Sousa's picture

oh boy...

its on to the fullest now...

Tue, 02/08/2011 - 12:28 | 943060 tellsometruth
tellsometruth's picture

those marines already on the way right?  wish i had a live feed of this one...

Tue, 02/08/2011 - 12:44 | 943132 tellsometruth
tellsometruth's picture

check out silver spot daily chart...

Tue, 02/08/2011 - 12:30 | 943067 serotonindumptruck
serotonindumptruck's picture

Striking Suez Worker: "Hey Hassim, your uncle wages jihad against the infidel, yes? Here, give him this key-card. It will get him past all security checkpoints."

Tue, 02/08/2011 - 12:35 | 943098 Rodent Freikorps
Rodent Freikorps's picture

I'm waiting.

Tue, 02/08/2011 - 12:51 | 943155 Rodent Freikorps
Rodent Freikorps's picture

One junk and I'm still waiting you f'n pussies. Bring it.

Tue, 02/08/2011 - 12:57 | 943179 serotonindumptruck
serotonindumptruck's picture

I ain't junkin' ya. But now I'm jealous. Do I get a junk, too? Pretty please?

Tue, 02/08/2011 - 13:06 | 943196 Rodent Freikorps
Rodent Freikorps's picture

Fat, F'n Egyptian nancy boys ain't gonna blow up anything but their own economy. Lame douche bags.

Tue, 02/08/2011 - 13:10 | 943207 serotonindumptruck
serotonindumptruck's picture

Yeah, but Hamas is still a political force to be reckoned with, and they're just a stone's throw over the dunes in Gaza.

Talk about an opportunity to create additional instability!

Tue, 02/08/2011 - 13:13 | 943215 Rodent Freikorps
Rodent Freikorps's picture

Hamas does what its Persian masters tells it to do. With Iran winning on all fronts, they might just want to coast for a while.

Tue, 02/08/2011 - 13:43 | 943324 Pants McPants
Pants McPants's picture

And what are you doing about Iran's "victories" Rodent?  Ya sit on here all day, talkin' tough, well where's the beef? 

Volunteer as a mercenary or go back to FOX news.  Your neocon talking points are as tired as they are baseless.

Tue, 02/08/2011 - 13:52 | 943344 Rodent Freikorps
Rodent Freikorps's picture

I'm insulted.

I'm a paleoCon.

Like I'm going to run from a label, you elitist llamas.

Tue, 02/08/2011 - 14:57 | 943588 downwiththebanks
downwiththebanks's picture

Hamas has only peripheral contact with the Persians.  A siege is a siege.  

Apartheid Israel controls everything that goes into and out of Occupied Palestine, including Hamas.

Tue, 02/08/2011 - 15:19 | 943692 serotonindumptruck
serotonindumptruck's picture

Not to disagree with any of your points, but the Gaza strip borders the Mediterrainian Sea, correct?

I understand that the IDF forces have imposed a very effective naval blockade, but this blockade must have some radar "holes" for low-profile vessels. If I were part of a sufficiently motivated group of insurgents, we could cause some real problems for the elite.

The map is not the territory.

The delivery vehicle is the weapon.

Tue, 02/08/2011 - 15:27 | 943732 downwiththebanks
downwiththebanks's picture

A fair point, and during the Zionist governments attack on Lebanon in 2006 Hizbullah sent Apartheid Israel into a tizzy by hitting a ship with one of their Katyushas.

In terms of a full-on operation, I doubt anything is possible.  But as a one-off, you're right.

Tue, 02/08/2011 - 15:44 | 943802 New_Meat
New_Meat's picture

Hezb'allah=='Party of God'

please fix your spell-checker.

Tue, 02/08/2011 - 17:01 | 944075 downwiththebanks
downwiththebanks's picture

I go with the spelling the group itself uses on its English website, big guy.

Transliteration means that there are multiple possible spellings, and no 'right' one.

Thanks for playing, though.

Tue, 02/08/2011 - 17:59 | 944337 New_Meat
New_Meat's picture

kinda' my point, since we all know that the message sent to the "Western" media is exactly the same as sent to the Arab Street.  So your spelling is a disguise of true meaning.

But you are in good company: Christiane Amanpour says it as "Hezbowlah"


- Ned

Tue, 02/08/2011 - 15:58 | 943847 serotonindumptruck
serotonindumptruck's picture


I've been fond of using the chessboard analogy/metaphor these past 20 years or so whenever I engage in any contemplation with regard to geopolitics. I still haven't identified which States or alliances represent which chessboard pieces, but it is still an amusing academic exercise.

There comes a time in the vast majority of protracted chess matches when it becomes necessary to begin trading your "big movers" with your opponent. I have a sneaky suspicion that some big movers are about to be removed from the field of battle. So far, just a few pawns.

Egypt/Sinai represent one of our rooks.

Our Queen's rook is in check.  

Tue, 02/08/2011 - 13:14 | 943226 Pants McPants
Pants McPants's picture

I marvel at your toughness, Rodent.  So tough.  You.

Tue, 02/08/2011 - 13:21 | 943246 Rodent Freikorps
Rodent Freikorps's picture

Where be the revolution, bitches?

There can be no revolution without weapons and millions dead. Such is the modern world.

Tue, 02/08/2011 - 13:32 | 943288 Hephasteus
Hephasteus's picture

That's not how mushrooms work. If you'd put your gun down and actually get to know the human psyche instead of just popping one it's brainpain you'd come to understand this. Mushrooms are one single entity. If you see a mushroom growing in a field and you get in your car and drive miles and miles away and see another mushroom. It's from the same plant.

I don't remember what happened,
I can't even remember who hit me,
Everything is spinning like a carousel,
Craziness travels all of my skin.

Tell me everything that happened,
I don't remember what happened,
I can't even remember who hit me,
Everything is spinning like a carousel,
Craziness travels all of my skin.

I'm losing, losing

I'm losing, losing

I'm losing, losing

Tue, 02/08/2011 - 13:35 | 943297 Rodent Freikorps
Rodent Freikorps's picture

If you are talking about a socialist mushroom, I'm with you.

Tue, 02/08/2011 - 15:00 | 943600 downwiththebanks
downwiththebanks's picture

The weapons are in the hands of the army, just as was the case in Russia during the February Revolution.

When they're told to fire on the protestors and they don't, you've got your little 'moment'.

In the meantime, the Revolution needs to start taking over newspapers and television stations.

Tue, 02/08/2011 - 17:12 | 944118 downwiththebanks
downwiththebanks's picture

Keyboard Rambo, he is.

Tue, 02/08/2011 - 13:10 | 943204 tmosley
tmosley's picture

What are you waiting for now?  Godot?

Tue, 02/08/2011 - 13:37 | 943229 Rodent Freikorps
Rodent Freikorps's picture

I am waiting for the Egyptian democrateers to embrace death and go for the gold. Otherwise, I am waiting for the pretenders to get tired and go home.

I'm voting on them accepting they are a slave race and putting their tail between their legs and going home.

And, please, you Western lamers, imagine for one moment, some might think there is a worse thing that can befall a man than death.

Tue, 02/08/2011 - 14:15 | 943455 JW n FL
JW n FL's picture

"death is a release"

Tue, 02/08/2011 - 14:18 | 943468 Rodent Freikorps
Rodent Freikorps's picture

Duty as heavy as a mountain, death as light as a feather.

Tue, 02/08/2011 - 15:00 | 943603 downwiththebanks
downwiththebanks's picture

300 or so have already died.  

Of course you're voting for failure.

Tue, 02/08/2011 - 12:34 | 943086 braveneweconomy
braveneweconomy's picture

From what I understand, according to news sources, there were a few protesters trying to organize but nothing materialized and the rally broke up already.

Tue, 02/08/2011 - 12:35 | 943090 hugovanderbubble
hugovanderbubble's picture

Ive never seen this,

Maritime commerce shutdown and market up lol¡¡¡¡¡

Tue, 02/08/2011 - 12:40 | 943120 braveneweconomy
braveneweconomy's picture

It's due to the report that a small group of protesters were trying to organize but were broken up and sent away. 

Tue, 02/08/2011 - 12:34 | 943092 bankonzhongguo
bankonzhongguo's picture

The Obama/Sulieman government just handed out a 15% pay increase to government workers.  Basically, this money came from the US taxpayer.  Without the US, Egypt would have melted back into the desert after '73.  This financial support also includes the army, who have done a yeoman's job in supporting Egypt's authoritarian regime.  France and Germany have suspended arms shipments to Egypt.  More money for US defense contractors. After this year is over, these people are going to hate us even more.

Tue, 02/08/2011 - 12:36 | 943109 Rodent Freikorps
Rodent Freikorps's picture


Tue, 02/08/2011 - 14:51 | 943574 downwiththebanks
downwiththebanks's picture

Without Uncle Sam in 1973, Apartheid Israel would be a distant memory.

Tue, 02/08/2011 - 12:41 | 943122 Ovid Benelli
Ovid Benelli's picture

The Suez Canal authority doesn't seem to know about it. Their daily report for today shows 46 ships transiting.

Tue, 02/08/2011 - 12:47 | 943129 plocequ1
plocequ1's picture

The Suez canal formula.. Ctrl+Alt+Suezcanalnews+Del= Rally on. Its working. Apple hit 52 week high

Tue, 02/08/2011 - 12:47 | 943144 Cocomaan
Cocomaan's picture

You can't eat canal, so I don't see what the big deal is.

Tue, 02/08/2011 - 12:52 | 943166 Gene Parmesan
Gene Parmesan's picture

You certainly can, though a thorough scrubbing beforehand is advised.

Tue, 02/08/2011 - 12:55 | 943174 Cocomaan
Cocomaan's picture

When I was in Egypt, they advised you not to walk on the grass, as it was watered with Nile water and there were some serious parasites you could carry home with you.

Like this one:

Tue, 02/08/2011 - 13:05 | 943195 Cash_is_Trash
Cash_is_Trash's picture

Looks nasty.

I'd accept some cotton instead of the Egyptian Pound.

Tue, 02/08/2011 - 13:14 | 943219 Lndmvr
Lndmvr's picture

Would you like some bedbugs with that towel?

Tue, 02/08/2011 - 13:49 | 943356 A Nanny Moose
A Nanny Moose's picture

Meh. Whatever doesn't kill you....

Tue, 02/08/2011 - 12:51 | 943161 ivars
ivars's picture

What do you think China is thinking right now, watching Tunisia, Egypt, food inflation and in general, the turning of informed middle class against ruling elites, be it dictatorships, communist rule, oligarchs or crony capitalists in indebted democracies?

China thinks hard how to organize another 1989 crackdown on democratic intentions of its population in current situation once uprisings reach it. If that happens, how will that affect the stance of current dictatorships and crony capitalism elites people are trying to overthrow, with China showing there is another way out? And the USA not so sure which direction to support? After China makes its choice, the world will polarize again between 2 ideologies, more direct democracy (West) and no democracy at all (China and its copycats=many nations as well).

My bet is that will happen before or during the Party leadership change scheduled for Autumn 2012- Spring 2013. That would be the right time to end Chinese games with capitalism and increasing inequality, and take serious efforts to further destabilize the West and build up military power with obedient poor population.

Tue, 02/08/2011 - 12:54 | 943169 Rodent Freikorps
Rodent Freikorps's picture

I think they are glad they have a huge fuckin army armed with automatic weapons.

An army that knows it, and its families, will be fed as long as the PTB remain in power.

Tue, 02/08/2011 - 13:18 | 943231 ivars
ivars's picture

And that requires smashing the aspirations and in fact, the getting rid of the middle class in China. The greedy West is investing in the wrong country, and it very wrong to give away technology in the last year of relatively pro-capitalist China. This technology will be used to boost Chinese military output, as will the education and science  export to China the USA is so excited about.

Tue, 02/08/2011 - 13:25 | 943260 Rodent Freikorps
Rodent Freikorps's picture

I gave up hope when Bush extended Most Favored Trading Status.

The end of all hope.

Now the world will rot in the grey, mediocrity of the socialist beast.

Tue, 02/08/2011 - 13:34 | 943294 ivars
ivars's picture

True. But it still continues. Can be stopped, but then the Western "recovery" is gone. So Chinese will stretch it to the end, using cash to destabilize the West with inflation and lying to people so eager to listen that their investments in China are safe. That has already been seen in Soviet Union in 1929, just as Great Depression started. Middle class were sent to gulags, private property nationalized, plans for expansion into the Western Europe and set up of Chinese CP reactivated.

And Soviets succeeded on all counts, as the West was weak during and after the crisis. After little  bloodletting, Soviet Union and CCP and Soviet block in 1949 became a superpower - in 20 years, starting as nothing.


The key is to grasp the moment of weakness in the West, that is , a crisis. This time, the biggest one since 1929, so a HUGE opportunity for China. In 20-30  years, they may become the sole superpower. They would sacrifice few hundred millions of own citizens to achieve that, that is nothing new for them.

Tue, 02/08/2011 - 13:43 | 943323 Rodent Freikorps
Rodent Freikorps's picture

I can't argue. Sounds entirely doable.


Tue, 02/08/2011 - 14:04 | 943410 trav7777
trav7777's picture

Not. Enough. Oil.

Tue, 02/08/2011 - 16:03 | 943875 iDealMeat
iDealMeat's picture

or water.


Tue, 02/08/2011 - 16:28 | 943956 Calmyourself
Calmyourself's picture

Gosh I am sick of reading this..  Where did it go, the Martians take it?  Ocean/clouds/ precipitation / back to us.. Now saying the water is not where wanted or needed is a different story..

Wed, 02/09/2011 - 00:54 | 945504 StychoKiller
StychoKiller's picture

Water covers around 75% of the Earth's surface, potable water is a couple orders of magnitude less!

Thu, 02/17/2011 - 02:28 | 969367 iDealMeat
iDealMeat's picture

I meant to comment..  but fukit..

Tue, 02/08/2011 - 15:01 | 943606 eddiebe
eddiebe's picture

From what I understand, we already live under one world government. The g men and central banks are working together on the same scam: To screw you and me out of everything they can before we get wise to the fact.

 Incorrect: It's us(meaning the U.S.) against them ( China, Irak, afghanistan, etc etc)

 Correct:  Its us ( we the people ) against the multinationals and their cronies ( Ie. g men, bankers, megacorps of all stripes.)   Of course this truth will be twisted by those in power to make us turn on each other.  Don't fall for it.
Tue, 02/08/2011 - 12:57 | 943178 Zombies On Toast
Zombies On Toast's picture

I would say the real Black Swan event is this,

"U.N. Food Agency Issues Warning on China Drought"

Tue, 02/08/2011 - 13:19 | 943242 ivars
ivars's picture

That will just help food prices as well as Chinese hardliners.

Tue, 02/08/2011 - 13:33 | 943292 hardcleareye
hardcleareye's picture


The problem is more sever than just lack of rainfall, but China (and others) are quickly depleting (pumping down) the "ancient aquifers (they do not recharge with rainfall)" to maintain the max 1997 production output.  I have read several articles that the World Bank published regarding this and warning about impacts on future food production when the "well runs dry"!!

This is a link to a "overview article" from some "environmental green group ??", it tracks and quotes what I have read, not as detailed as the World Bank Study, but I could not quickly find it, sorry.

Tue, 02/08/2011 - 14:06 | 943421 thetruth
thetruth's picture

i'm pretty sure it's not a black swan if you can see it coming

Tue, 02/08/2011 - 13:05 | 943193 william the bastard
william the bastard's picture

The strikers are doing the FRB's work: Jacking commodoity prices.


Tue, 02/08/2011 - 13:06 | 943198 Caviar Emptor
Caviar Emptor's picture

I told ya Suez would be big. Real big. It all hinges on anti-US sentiment and a perception of betrayal by 'leaders'. Although people are feeling the pain from prolonged demonstrations and disruptions, they can also become more embittered, more determined and more violent. All depends what it is they perceive they have to lose. With youth unemployment near 40%, inflation and a food crisis, the willingness  to 'Return to normal' is going to be short. 





Tue, 02/08/2011 - 13:28 | 943271 CPL
CPL's picture

I would like to thank humanity for the predictability it always will provide, proving that I am correct in my past assumptions on the next steps in the Suez Canal issue.  For this honor I would like to thank the president of Egypt, the rioters...whoelse?...

The US marines and US Core of Engineers that will cross the picket line to keep the Suez canal open and functioning and of course, the Chinese stepping in and threatening the US with dumping all of it reserve currency if it doesn't back away from one of five world transportation choke points...

oh wait...getting a head of myself here.


Now things are going to get messy.


//Grab a deck chair, beer is in the fridge, let's watch it burn together...

Tue, 02/08/2011 - 14:10 | 943433 New_Meat
New_Meat's picture

Does the "Core of Engineers" exclude the volatile "Food Engineers" and "Fuel Engineers"?

- Ned

Tue, 02/08/2011 - 16:10 | 943908 CPL
CPL's picture

Naw, but they certainly kept the levy in good shape for New Orleans...wait a sec...I retract that last statement.

Tue, 02/08/2011 - 16:49 | 944026 serotonindumptruck
serotonindumptruck's picture

Back to your original post:

"The US marines and US Corp of Engineers that will cross the picket line to keep the Suez canal open..."

Actually, the USMC will likely be present in great numbers given adequate beach-head landing sites. There will most likely be military engineers (not sure if they still call them "Seabees") and SpecOps teams in abundance.

This will amount to another unilateral decision by the USA to commit their military to a mission based solely upon strategic (economic) interests.

Unfortunately for the USA, there are other world powers who would seek to secure their own control over petroleum supply infrastructure.

Tue, 02/08/2011 - 18:06 | 944364 New_Meat
New_Meat's picture

yep, the 'Bees still rock.  Security for the whole canal out to Silkworm range on 60/60/24/7/52 basis? nfw when "they just have to get lucky once."  That means commercial insurance rates to transit Suez would be a) prohibitive or b) non-existent.

- Ned

Tue, 02/08/2011 - 14:50 | 943438 serotonindumptruck
serotonindumptruck's picture

Yes, like I mentioned in another post recently, it is probable that many world nations have their warships either underway to the region, or already staged in theatre. Heightened conditions of readiness prevail. An "accidental" bump from a Chinese Sovremeny-class warship into one of our frigates, for instance, could cause tensions to rapidly escalate.

May you live in interesting times, indeed. 

Tue, 02/08/2011 - 13:29 | 943275 Nolsgrad
Nolsgrad's picture


(Adds tanker owner's quote, details from ministry)

ROME (AFP)--Pirates wielding rocket-launchers seized a large Italian oil tanker with a crew of five Italians and 17 Indians on Tuesday east of the Yemeni island of Socotra in the Indian Ocean, European Union naval forces said.

The EU's Atalanta mission to the seas off Somalia and the Gulf of Aden -- known as Eunavfor -- said the tanker was taken early on Tuesday 600 miles east of the island by a single skiff with five pirates who opened fire on the oiler.

Spokesman wing commander Paddy O'Kennedy told AFP that the 105,000-metric-ton, Italian-owned and -flagged Savina Caylyn was "confirmed" seized and "is currently sailing west," toward Somalia's coast.

According to the Italian navy, the captain tried to evade capture by speeding up, suddenly changing gear and firing powerful water jets on the skiff, but the pirates opened fire with submachine guns and rocket launchers.

Initial reports said no one was hurt in the attack.

Commander Pio Schiano, from the Fratelli D'Amato shipping company in Naples, which owns the pirated oiler, told a local television channel that he had been in communication with the tanker.

The crew were well and no ransom demands had been made, he said.

An Italian warship in the region, Zeffiro, was heading toward the area where the attack took place but will take two days to cover the 500 nautical miles, Italy's navy said.

According to Eunavfor, the 266-meter-long vessel, carrying a load of crude for the Arcadia commodities trading company, was on passage to Pasir Gudang in Malaysia from Marsa Bashayer in Sudan when it was attacked.

Spokesman Jimmie Adamsson said Eunavfor had no information regarding the condition of the crew members, though the mission was continuing to monitor the situation.

"Once a vessel is pirated, it's typical to lose communication as the pirates head for Somalia and start negotiations with the owners of the ship," Adamsson said.

One of Eunavfor's main tasks is to protect vulnerable vessels in the Indian Ocean, Adamsson said, adding that the mission hopes the owners of the Savina Caylyn will inform it when they hear from the pirates.

As the attack took place so far from land, the pirates are likely to have used a "mother-ship" base from which to launch the smaller skiff, the navy said.

Cesare d'Amico, an official at the Italian shipowners association Confitarma, called for ships to have armed guards aboard.

"Tactics such as barbed wire on the sides or water cannons are no longer enough ... the pirates are ever more aggressive and dangerous: they have weapons of every type," he said,

Italy's foreign ministry released a statement following the attack to announce that a task force had been set up to monitor the situation along with the defense ministry.

Piracy has made shipping increasingly perilous off the Horn of Africa and led to the deployment of an international force to protect the key maritime corridor.

On Sunday, the Indian navy captured 28 suspected Somali pirates aboard a Thai fishing vessel that had been hijacked up to six months ago and was thought to have been used as a floating base to mount attacks on shipping.

In January, pirates released a Greek-owned oil tanker with a crew of 18 Filipinos that they had seized in the southern Red Sea. The crew were reported to be as well as could be expected under the circumstances.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires 02-08-11 1220ET
Tue, 02/08/2011 - 14:13 | 943444 trav7777
trav7777's picture

the unwillingness of the western nations to arm themselves against pirates is bordering on suicidal.

I mean water cannons and LRADs just don't cut it against real guns.

Tue, 02/08/2011 - 14:34 | 943525 LFMayor
LFMayor's picture

Paddy O'Kennedy?  Doesn't sound like a dago name, does it?  And it would take more than a few RPG's to sink an average size cargo vessel guys.  Unless we're talking about a LNG carrier or the like.  That would be just like Moses was back.

Tue, 02/08/2011 - 13:30 | 943280 johny2
johny2's picture

and elsewhere stock markets are up as usually...FED rules them all, for now.

Tue, 02/08/2011 - 13:41 | 943316 ivars
ivars's picture

Until March.

Tue, 02/08/2011 - 13:45 | 943342 johnnymustardseed
johnnymustardseed's picture

If we see $150 barrel for oil, I say it would be fair to charge similar for a barrel of wheat or corn or they can keep their oil and grow their own food. How about that!

Tue, 02/08/2011 - 13:53 | 943374 americanspirit
americanspirit's picture

If Hamas/Hizballah/Al Quaeda (take your pick) can blow up a gas pipeline in the Sinai that supplies 25% of Israel's power generating capacity, in spite of Israeli/Egyptian/US Special Ops presence as well as heavy drone and satellite surveillance, wouldn't you think they could also manage a few RPGs at the waterline of a couple of those ships now transiting the Suez Canal?

Tue, 02/08/2011 - 13:59 | 943395 Rodent Freikorps
Rodent Freikorps's picture

Why should I have to use my imagination?

Where are these valiant RPG shooters?

No Where.

Tue, 02/08/2011 - 13:55 | 943382 agNau
agNau's picture

Need to remember. The Chinese carrier busting missles. No longer can the US run a carrier group over and threaten a country with complete confidence.(ie India recent during trade talks. Did not work. Protection for Prez was excuse)  Neutered they are. Much safer distances kept.

Wonder how much one of those costs?

Tue, 02/08/2011 - 14:15 | 943454 trav7777
trav7777's picture

need to remember.  Chinese weapons suck.  Work as advertised they do not.

Tue, 02/08/2011 - 14:49 | 943571 Calmyourself
Tue, 02/08/2011 - 15:01 | 943604 serotonindumptruck
serotonindumptruck's picture

Onyx (Oniks) SS-N-25 and the variant Chinese Yakhont SS-N-26 are even more effective at neutralizing large surface contacts.

Tue, 02/08/2011 - 16:27 | 943951 Hephasteus
Tue, 02/08/2011 - 14:32 | 943515 New_Meat
New_Meat's picture

ag: Probably not a near-term worry anywhere in the world.

"The Chinese carrier busting missles."

from e.g.

"Then, last month, Adm. Robert Willard, the four-star Pacific Command chief, confirmed that the Chinese “Dong Feng 21D” missile has reached the operational stage, though it still probably needs several years of testing."

See, e.g. straightforward analysis by Tom Barnett:

But Silkworms are around e.g. and Iranians hold them.  Iranians have a demonstrated capability to get thousands of missiles/rockets into the area.

- Ned


Tue, 02/08/2011 - 17:28 | 944193 serotonindumptruck
serotonindumptruck's picture

"But Silkworms are around..."

Silkworms (along with French Exocet) also travel at sub-Mach cruising speeds. Same operating constrictions apply to the American Harpoon. Such weapons are easily defeated with modern Aegis networks, so that CIWS and other close-in defences can be effectively employed.

Sunburn/Onyx have changed everything with regard to modern naval warfare. This particular class of antiship missile is specifically designed to sink Western naval platforms. The weapons are moving at between 2 and 3 Mach, with some very clever terminal maneuver programs.

Western naval forces are extremely vulnerable to Sunburn/Onyx.

TPTB are well aware of this fact. 

Tue, 02/08/2011 - 18:18 | 944402 New_Meat
New_Meat's picture

Yep, concur with your post.  But I'm thinking less so of grey boats than VLCC riding high, e.g.:

which don't have any R2D2 to do the last ditch point defense.  And it would be really unlikely that even grey boats will transit "Weapons FREE" (imagine the horror of chain guns chewing up the Greater Spotted Eagles in the area).

For sure, VLCCs won't be 'up-gunned' with radar/fire control/R2D2/ready service mags, etc. all with a load on.

- Ned

Tue, 02/08/2011 - 19:15 | 944567 serotonindumptruck
serotonindumptruck's picture

No, I agree that weapon system upgrades on those vessels are unlikely in the extreme. Not to mention the expert Fire Control personnel whose presence would be necessary to operate such systems. 

These boats will require military escort, which brings to mind many potential logistics-related issues.

How well does Aegis perform when the network is confined in restricted waterways, (even with ancillary AWACS support), with potentially a significant number of other non-combatant vessels located within the web?

The world's navies are about to be offered an entirely new lesson in the practical application of maneuver warfare.

Tue, 02/08/2011 - 19:41 | 944623 New_Meat
New_Meat's picture

The USN blue-water crowd (with its own complexities) now being introduced to the complexities of the 'littoral' environment--which basically sucks for current generation Navy thinking.  But progress is moving forward a skosh.,,id=108139,00.html

Art Cebrowski (and, no foolin' about the sharpest blade in the drawer, bastard shot like a thousand TLAMs over my head one night) came up with the 'street-fighter', kinda' super PT boats to tangle PLAN.

"maneuver warfare."

Yep, I'm of the Boyd religion as preached by Papa Bear.

- Ned

Tue, 02/08/2011 - 14:12 | 943437 americanspirit
americanspirit's picture

I have no idea where the valient RPG shooters are at this moment, but if you'll check you'll find the matter much discussed. My guess is they are waiting for orders. As for the Chinese missles, we know they are in place on the Iranian coast, but there's no need in the Suez Canal. Been through there plenty of times and there are many many miles of canal where you are within spitting distance of the shore, and there are plenty of places a valient RPG shooter could hide quite easily. Not saying this is going to happen, but I sure won't be surprised if it does. Oh - and I think everyone here at ZH needs to stay on 'disinformation troll' alert - by their comments ye shall know them.

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