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Libya Next?

Tyler Durden's picture


The one country landlocked between Tunisia and Egypt has so far been oddly silent. Not so much any more. Al Jazeera reports that the Libyan government has imposed a state of emergency for "fear of demonstrations and rallies" comparable to those in Tunisia and Egypt. And ranked 17 in the world for oil production (and 9th in proven reserves), this is one that crude HFT algos may want to keep an eye on.

From Al Jazeera, google translated:

Libyan sources familiar with the island revealed that a state of alert security prevail in the east of the Libyan cities, confirmed that elements of the police and support central and distributed to all government buildings.

The sources said that the Libyan government imposed a state of emergency and security alert since the outbreak of the revolution, Tunisia, for fear of demonstrations and rallies similar in Libyan cities.

The sources of the existence of orders to stop any gathering, whether in government or outside.

Under these instructions - Sources confirm - The Libyan government later abolished the league matches of Libyan Football Association which was to be organized during the month.

In conjunction with the ongoing events in neighboring Egypt, the forces imposed from the central support and the police since yesterday evening checkpoints in several major regions in both the white and Benghazi and Derna and Tobruk.

These enhancements come at a time when Libya is following with interest the Libyan street events taking place in Egypt over the satellite news channels deployed in all the cafes and shops in cities of Libya.

He said the Libyans before the popular revolution that swept cities in Tunisia and has succeeded in toppling President Zine El Abidine Ben Ali, after 23 years of rule.

It is feared the Libyan regime of infection along the Tunisian and Egyptian into Libya, especially in light of similar conditions and problems such as poor living conditions and the absence of freedoms


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Sun, 01/30/2011 - 16:41 | 918433 Xibalba
Xibalba's picture

Coming to a theatre near you

Sun, 01/30/2011 - 16:55 | 918483 DavidPierre
DavidPierre's picture

Just the trailer!

The big picture...

World War III

Batten down your hatches for asymmetrical warfare.


Sun, 01/30/2011 - 17:25 | 918560 HarryWanqer
HarryWanqer's picture

I wouldn't go that far.  I'm sure all of this will calm down in a few days and we'll be on our way to DOW 13,000.  These riots are simple not sustainable.  The people will come to their senses and realize the best options are the ones presented to them by the status quo.

Sun, 01/30/2011 - 17:29 | 918569 topcallingtroll
topcallingtroll's picture

I tend to agree with you Mr. Wanger.  I think there will be a slight detour soon to the dow 13000 hypothesis, but I think it is inevitable this year.  What I think doesn't matter though.  The charts rule so let's see what the next month brings us.

Sun, 01/30/2011 - 18:29 | 918694 Ras Bongo
Ras Bongo's picture

Uz' real name: Dwight?

Sun, 01/30/2011 - 19:08 | 918752 Fish Gone Bad
Fish Gone Bad's picture

People are angry with the government because they can not afford to buy food, not because of some religious or political reason.

Sun, 01/30/2011 - 17:30 | 918574 Azannoth
Azannoth's picture

Dude I don't know who's paying you to write this, but reading you is like watching a retarded child trying to tie it's shoelaces

Sun, 01/30/2011 - 17:33 | 918585 tmosley
tmosley's picture

You've gotta watch his name carefully.  HarryWanqer.

Sun, 01/30/2011 - 18:07 | 918659 Zaphod B.
Zaphod B.'s picture

C'mon, man, everyone knows retards use velcro.

Sun, 01/30/2011 - 17:30 | 918577 ZEITGEIST
ZEITGEIST's picture

spoken like the true asshole that you are....accept the status quo...get back to me after Saudi Arabia falls and your dow goes below nothin but a boot licker...

Sun, 01/30/2011 - 17:34 | 918589 RockyRacoon
RockyRacoon's picture

He's licking something a lot less tasty than that.

Sun, 01/30/2011 - 19:36 | 918787 Howard_Beale
Howard_Beale's picture

No shit, RR. Actually that probably is what he is licking.

Sun, 01/30/2011 - 17:35 | 918592 EscapeKey
EscapeKey's picture

"Let them eat cake".

Sun, 01/30/2011 - 17:52 | 918624 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

"Let them eat cake".???

...Well, apparently in Bejing, China, they don't eat cake, but they sure like their bugs....rats, silkworms and who knows what else...

Sun, 01/30/2011 - 17:56 | 918629 EscapeKey
EscapeKey's picture

Well, it's a phrase incorrectly attributed to Marie Antoinette, supposed to indicate how far away from reality she was, when confronted with the fact that the peasants were starving.

What Harry conveniently ignores is the angle of inflation. If he thinks starving populations will just "accept the regime as before" despite starving, then it really shows how utterly disconnected from reality he truly is.

Sun, 01/30/2011 - 18:53 | 918733 SteveNYC
SteveNYC's picture

Ashamedly, this is my first post in response to a "Wanger". The fact that he/she equates civil unrest and revolution in the middle east with "Dow 13,000" should make it glaringly obvious that he is trolling.

If I had been raped by a dictator for 30 years, was getting hungry, unemployed, and pretty much saw no hope for my country, the last thing on my mind would be the day-to-day share price of IBM.

Sun, 01/30/2011 - 19:38 | 918791 Howard_Beale
Howard_Beale's picture

As corny as this sounds, Freedom's just another word for nothing left to lose. And these guys got nothing left to lose so they might as well fight!

Sun, 01/30/2011 - 20:53 | 918921 Hephasteus
Hephasteus's picture

Nobody expects the rent is too damn high party.

Sun, 01/30/2011 - 20:10 | 918828 Things that go bump
Things that go bump's picture

Even hungry they still have their pride.  Look at how, even in the chaos, they are protecting their patrimony by preventing the looting of antiquities from the museums.  

Sun, 01/30/2011 - 19:34 | 918788 bobert
bobert's picture

Harry is role playing. So is Hamy.

Sun, 01/30/2011 - 20:33 | 918862 SwingForce
SwingForce's picture

With friends like them, who needs enemas?

Sun, 01/30/2011 - 17:40 | 918601 topcallingtroll
topcallingtroll's picture

yeah revolutions have a way of causing hangover and remorse.  You know how you feel when you wake up with a headache with a skank in your bed and you gotta be a gentlemen and at least buy her breakfast and give her cab fare?  yeah that feeling.

Sun, 01/30/2011 - 17:43 | 918607 topcallingtroll
topcallingtroll's picture

P.S.  I love you Harry, but there might be a less douchey way to say that last sentence.  However the general way these play out is the riots peter out and compromises occur with a little extra government spending and debt to give the little people their subsidies and make them think they won something.

Sun, 01/30/2011 - 17:48 | 918612 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yelled Harry as he stood on his seat.  The theatre was burning down, and Harry wanted to watch the film.

"I paid good monie for this experience," he muttered under his breathe.

Sun, 01/30/2011 - 18:30 | 918702 10kby2k
10kby2k's picture

HairyWanger--I thought I was supposed to get long Friday afternoon and that

it 'would blow over during weekend'? Because of your name I assumed you knew a lot

about blowing so I followed your advice. Where do I forward a claim for my losses? I

think you need a shave.

Sun, 01/30/2011 - 19:30 | 918783 bobert
bobert's picture

You are covert Harry and humorous and by the way so is your psuedo clone Hamy.

Sun, 01/30/2011 - 21:58 | 919035 Id fight Gandhi
Id fight Gandhi's picture

Whats your record on junks?

Sun, 01/30/2011 - 22:05 | 919046 vxpatel
vxpatel's picture



You jesus fuck nutcase, i just figured out who you really are...

Ted Haggard.

Fri, 03/04/2011 - 12:54 | 1019071 sourgrapesson
sourgrapesson's picture

Well well Harry one month later======It's now March 4 and all is not good in Libya.

So as usual Harry -You are 100% wrong!

Sun, 01/30/2011 - 17:27 | 918567 Azannoth
Sun, 01/30/2011 - 16:42 | 918437 dick cheneys ghost
dick cheneys ghost's picture

i better make more popcorn. 

Sun, 01/30/2011 - 18:06 | 918657 Ras Bongo
Ras Bongo's picture

I better roll another one.

Sun, 01/30/2011 - 16:46 | 918448 Cleanclog
Cleanclog's picture

Yemen - 49% youth unemployment and strategic Red Sea location.  

Saudis becoming scared sh--less.

Sun, 01/30/2011 - 19:16 | 918765 roymunnson
roymunnson's picture

Saudi has 322.9 tons of gold, mostly stored at the Comex....what a bunch of idiots what did they think was gonna happen???


This will be known as the great fulfillment of the  Islamic revolution, but It is actually the greatest robbery of all time. House of Saud is done...


.now if we can just keep them from lighting the oil wells on fire before the hungry masses are allowed to devour them...

Sun, 01/30/2011 - 20:52 | 918913 Confuchius
Confuchius's picture



Of course you knew that the Saudis have always been prepared to exit. And, all the crude infrastructure is prepared to self-destruct. Like the WTC.

Self-destruct does not necessarily mean "blown-up". Sea water has a deleterious effect on a producing well...

Sun, 01/30/2011 - 16:48 | 918459 DoChenRollingBearing
DoChenRollingBearing's picture

EUROPE has got to be shitting bricks now that all of the other side of the Med Sea may go Jihadist...

Sun, 01/30/2011 - 16:51 | 918471 snowball777
snowball777's picture

If I was Europe, I'd be more worried about their immigrant populations than the fires in their former colonies.

Sun, 01/30/2011 - 16:54 | 918481 Dr. Porkchop
Dr. Porkchop's picture

Coming ever closer to the moment when the people of western nations identiy themselves with what they're doing in Egypt and take to the streets to demand an end to the bailouts, the debt and the monetary slavery.

Sun, 01/30/2011 - 18:01 | 918648 serotonindumptruck
serotonindumptruck's picture

Americans will only engage in civil insurrection if they become hungry enough. Interesting that the phrase "food riot" is becoming more prevalent in MSM world news stories.

Sun, 01/30/2011 - 17:08 | 918519 DoChenRollingBearing
DoChenRollingBearing's picture

snowball, yes.  I should have just come out and said that.

Sun, 01/30/2011 - 17:09 | 918522 Sudden Debt
Sudden Debt's picture

It's like they knew that it was going to happen.

4 month ago, all the borders where closed down for immigrants and it's much harder now to get papers.

Sicilia and Gibraltar are like a fortress right now.

They won't come in.

The only reason why they could come in was political. And now their governments have fallen...

There will even be a lot of them that will be send back now their presidents have scipped town.

Sun, 01/30/2011 - 16:58 | 918488 billhilly
billhilly's picture

I'm starting to wonder if this is not some "big plan"...export inflation, take on as much debt as possible (U.S.), start the natives in the ME rioting, leading to eventual war, kill off about 1/3-1/2 of the world's population (easier for TPTB to control fewer sheep), then restructure all finance and start the NWO.  Just a thought.

Sun, 01/30/2011 - 17:14 | 918534 DoChenRollingBearing
DoChenRollingBearing's picture

There ARE such ideas out there.

I believe one name is Michael Ruppert, and if I remember correctly he is one of those who wants the world population to go down to 500 million - 1 billion.  Hmm, who decides?


ANYONE here at ZH who knows about these plans (and if Al Gore is one of these guys), well inquiring minds want to know!

If this whole "Plan" is anything more than a tiny fringey thing, it is important to know.


Sun, 01/30/2011 - 17:22 | 918552 EscapeKey
EscapeKey's picture

Michael Ruppert is a peak oilist. And not one of the centrist ones, one of the out-there Olduvai theory pushing ones. But he doesn't want to shrink the population to 500m, he just thinks it's inevitable.

Sun, 01/30/2011 - 17:24 | 918558 hugovanderbubble
hugovanderbubble's picture

Hi Escape key?


Are u the girl in the pic? need sissers?:lol


Sun, 01/30/2011 - 17:27 | 918566 EscapeKey
EscapeKey's picture

Hah, no the girl in the pic is Anna Chapman. A hot, but incompetent, Russian spy.

Sun, 01/30/2011 - 17:59 | 918635 hugovanderbubble
hugovanderbubble's picture

damn i was making illussions about someday meeting u¡ lol,


Im the guy in the pic¡


what ever nice to meet u and good luck trading next week.


anna chapman wowww¡_lol¡¡¡)

Sun, 01/30/2011 - 17:26 | 918563 topcallingtroll
topcallingtroll's picture

I'll decide.  Just give me the button.  Indulgences will be sold to the pretty ladies of all ethnic groups.  What?  Don't have any money?  Don't worry.  We will work something out.

Sun, 01/30/2011 - 22:14 | 919018 born2bmild
born2bmild's picture

In the movie Collapse Ruppert admits he hasn't been following current events for a few years (he's just playing music now).  A lot has changed dramatically- recently, particularly alt' energy and oil supplies and viability. With the totally evil practice of fracturing shale (fracking) the gigantic oil fields of Three Forks and Bakken are right on our doorstep. Additionally, if anyone says that we aren't ready for the transition from oil they haven't been paying much attention to current events in alternative energy either (you can search this site for my rants on LENR and Algae).Here's what fracking does, it sucks but it brings home a lot of oil and gas:

Of course there is also the Alaska pipeline which we currently barely use relative to capacity or supply. Oh yeah, the US just cut down the time it takes to erect a well by 2/3rds just recently.

Oil blows but it ain't gone yet.




Sun, 01/30/2011 - 20:50 | 918907 QQQBall
QQQBall's picture

Geez, take off your tin foil hat. The plan is to privatize the profits and socialize the losses... Shared sacraficec coming to a 'hood near all of us, except Wall Street. These are not evil geniuses, they are crooks that buy politicos, steer legislation and contyrol the MSM.

Sun, 01/30/2011 - 17:00 | 918496 Sophist Economicus
Sophist Economicus's picture

Hopefully this time we can all agree to let France duke it out for itself while we watch....

Sun, 01/30/2011 - 17:17 | 918542 DoChenRollingBearing
DoChenRollingBearing's picture

Does that mean you are saying France will lose (again), or that France will lose again?

Sun, 01/30/2011 - 18:04 | 918653 Sophist Economicus
Sophist Economicus's picture

Yes and yes. :)

Sun, 01/30/2011 - 18:17 | 918674 p19581
p19581's picture

I can get you a great deal on some French rifles; never used and only dropped once.

Sun, 01/30/2011 - 18:34 | 918710 Sophist Economicus
Sophist Economicus's picture

Wait till the wee hours, this is gonna get junked big time

Sun, 01/30/2011 - 19:01 | 918743 Founders Keeper
Founders Keeper's picture

[...and only dropped once.]---p19581

That was sooooo funny. I thought I had heard 'em all. Thanks!


Sun, 01/30/2011 - 17:22 | 918550 kaiten
kaiten's picture

What´s better(or worse)? To have a narco-mafia at border or jihadists at the other side of the sea? I dont know, but that´s the difference between US and EU.

Sun, 01/30/2011 - 21:20 | 918965 DoChenRollingBearing
DoChenRollingBearing's picture

I think I would prefer Mexico next to me than Muslimistan.

Sun, 01/30/2011 - 19:01 | 918745 roymunnson
roymunnson's picture

Muslims know how to pump oil too

Sun, 01/30/2011 - 16:50 | 918467 kaiten
kaiten's picture

Algeria, Tunisia, Egypt, Syria, Lybia .... does it matter???? The only country that really matters is Saudi Arabia. When that falls, the dollar´s status as a reserve currency is over.

Sun, 01/30/2011 - 16:53 | 918473 snowball777
snowball777's picture

Do you really think these two sets of events are independent of each other?

Sun, 01/30/2011 - 17:13 | 918530 kaiten
kaiten's picture

No, but the US won´t let the Saudis fall. So from this point of view(dollar´s status), the rest is meaningless.

Sun, 01/30/2011 - 17:29 | 918572 snowball777
snowball777's picture

How would the US stop it? Occupy Medina?!

How many governments do you believe we can prop up at once in the face of a global jihad bil saif?

Sun, 01/30/2011 - 17:32 | 918582 EscapeKey
EscapeKey's picture

The oil industry is largely located on the relatively sparsely populated Persian Gulf coastal side. Splitting the country into heavily guarded zones for, erm, "security reasons" can't be ruled out.

Sun, 01/30/2011 - 17:43 | 918602 kaiten
kaiten's picture

Why Medina? Just the oil fields and perhaps also Riyadh. There are terrorists there, you know.


And no, I dont think US can and should prop up repressive regimes, but Im not the decider.


Edit: I mean, what EscapeKey wrote.

Sun, 01/30/2011 - 18:32 | 918708 snowball777
snowball777's picture

I picked Medina as an allusion to the affront that such actions would represent to muslims the world over.

How many hundred megadeaths do you think we can get away with to maintain our SUV habit?

Sun, 01/30/2011 - 19:11 | 918760 kaiten
kaiten's picture

I know, that´s why US would "secure" only the east coast and leave Mecca and Medina alone.


How many? I dont know, but the bad karma is building up very fast, that´s for sure.

Sun, 01/30/2011 - 16:53 | 918475 bunkermeatheadp...
bunkermeatheadprogeny's picture

Wouldn't that suck for the whole terrorist swap for drilling contract made by BP.


Sun, 01/30/2011 - 16:53 | 918476 RobotTrader
RobotTrader's picture

Funny how the fate of European Civilization is now in the hands of "Algo/Igor/Robo" traders who swarm from one casino table to another like locusts.

One month, they are trying to bankrupt weak countries.

Next, they are trying to gun the price of oil up to $200/bbl. or "Flash Crash" global equity markets.

What a casino.

Sun, 01/30/2011 - 18:02 | 918649 zice
zice's picture

Jim: This is K.A.O.S. You and I are listening to KAOS in Los Angeles. Let's
go to the telephones now and take a request.
Billy: Hello, I'm Billy.
Jim: Yes?
Billy: I hear radio waves in my head.
Jim: You hear radio waves in your head? Ah! Is there a request that you have
tonight for KAOS?

Sun, 01/30/2011 - 16:53 | 918477 Sudden Debt
Sudden Debt's picture

Libya has always been a suppressing country.

That one will be totally different then Tunisia or Egypt.

But it would make sense, and I wish them all the luck in succeeding.

That Kadafi guy should have been hanged a long time ago.

Sun, 01/30/2011 - 17:23 | 918538 macholatte
macholatte's picture


Under these instructions - Sources confirm - The Libyan government later abolished the league matches of Libyan Football Association which was to be organized during the month.


No sports on TV. Now this IS serious.

IF Libya has an Egypt style civil unrest it would indeed be historic because the Muslim Libyans wouldn't be able to blame America for their problems, lack of freedom, poverty, etc., etc.  Yet, they will find a way.  

Sun, 01/30/2011 - 18:18 | 918675 hugovanderbubble
hugovanderbubble's picture

Lybia is helped by Italy and Argentina.

Gaddafi son is the most corrupt guy in the WorldSurface

Bengasi key checkpoint alert ...Army gonna be tough.


Long Italian CDS and Argentian CDS (specially the 2yrs tranch)

Sun, 01/30/2011 - 20:31 | 918858 Rusty Shorts
Rusty Shorts's picture

I thought we killed Gaddafi's son back in 1986

Operation El Dorado Canyon

Sun, 01/30/2011 - 16:57 | 918484 Fazzie
Fazzie's picture

 I wonder which of our freedom loving USA telecommunications conglomerates have sold and installed the necessary infrastructure these despots use to silence comunications of any protestors?



Sun, 01/30/2011 - 17:06 | 918512 Cleanclog
Cleanclog's picture

Narus - of Sunnyvale California.   Sold Egypt DPI - Deep Packet Inspection, to track, target and crush political dissent over internet and mobile phones.  "Protection".  A Boeing company.

Sun, 01/30/2011 - 20:23 | 918847 Things that go bump
Things that go bump's picture

I'm sure our own freedom-loving government has acquired even better equipment. 

Sun, 01/30/2011 - 16:58 | 918489 Sophist Economicus
Sophist Economicus's picture


Sun, 01/30/2011 - 17:00 | 918495 buzzsaw99
buzzsaw99's picture

buy more usa weapons bitchez!

Sun, 01/30/2011 - 17:18 | 918544 DoChenRollingBearing
DoChenRollingBearing's picture

+ .338 Lapua!

Sun, 01/30/2011 - 17:38 | 918594 topcallingtroll
topcallingtroll's picture  My wife got me one for xmas with the 338 and 308 conversion.  Haven't had a chance to shoot it yet.  I don't have a gun range worthy of this thing.  Barret 50 caliber is so last year!

Sun, 01/30/2011 - 17:06 | 918508 Threeggg
Threeggg's picture

Machine Gun and small arms fire in Cairo right now live on faux news - just now.

This shit is going to the next level !! 

Sun, 01/30/2011 - 17:18 | 918509 99er
99er's picture


Counter intuitive, perhaps, but a bearish Butterfly on the daily chart.

Sun, 01/30/2011 - 17:10 | 918526 savagegoose
savagegoose's picture

umm landlocked means no coast

Sun, 01/30/2011 - 17:14 | 918531 dwdollar
dwdollar's picture


Sun, 01/30/2011 - 17:15 | 918533 Problem Is
Problem Is's picture

Quiet? Gaddafi  Learned from Bush Jr.
If you are going to buy off the sheeple not to hate you for a while... Do like Shrub:

Send out $500 tax rebate checks  with your name on it:

"To peasants, with love Gaddafi."

Then you can loot a whole lot more. $7 a week withholding reduction  only buys you disdain...

Sun, 01/30/2011 - 17:38 | 918597 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He wishes to battle Bernanke's printing press!?!?!

Bernanke says, "On guard!"

Sun, 01/30/2011 - 17:22 | 918553 JR
JR's picture

It is not an exaggeration to say that the momentous events in Cairo began with one man, and they began in the tiny nation of Tunisia.

The man was 26-year-old Mohamed Bouazizi, the struggling Tunisian street vendor who committed suicide…setting himself afire…after his produce was confiscated by authorities because he had no permit. An unemployed graduate student, he was selling olives and oranges to support his family of eight and had been humiliated when he then went to ask for a permit and was denied.  With cell phones and rocks, Tunisians took to the streets with Bouazizi’s story and their online messages beginning with #bouazizi, to later become #sidibouzid (for the city of Sidi Bouzid where the suicide took place)…then #tunisia.

With powerful images then sweeping Al Jazeera, “tunisia” became…EGYPT!

The power that one man stands for, reminds one of the passage in Rose Wilder Lane’s The Discovery of Freedom, where she credits one man with starting the American revolution against the British Empire :

“One man began that war. And who knows his name? 

“He was a farmer, asleep in his bed, when someone pounded on his door and shouted in the night, ‘The troops are coming!’

“What could he do against the King’s troops?  One man.  If he had been the King, that would have been different.  Then he could have done great things. Then he could have set everything to rights, he could have made everyone good and prosperous and happy, he could have changed the course of history.  But he was not a King, not a Royal Governor, not a rich man, not even prosperous, not important at all, not even known outside the neighborhood.  What could he do?  What was the use of trying to do anything? One man, even a few men, cannot stand against the King’s troops.  He had a wife and children to think of; what would become of them, if he acted like a fool?

“Most men had better sense; most men knew they could do nothing and they stayed in bed that night in Lexington.  But one man got up. He put on his clothes and took his gun and went out to meet the King’s troops.  He was one man who did not consent to a control which he knew did not exist.

“The fight on the road to Lexington did not defeat the British troops. What that man did was to fire a shot heard around the world, and still heard. One finger on one trigger began the war for the revolution…”

Lane’s point: It’s still continuing, one man’s fight against tyranny.  Mohamed Bouazizi.

Sun, 01/30/2011 - 17:42 | 918605 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Sun, 01/30/2011 - 17:48 | 918619 topcallingtroll
topcallingtroll's picture

any way we could find out the name of his widow and maybe send her a check?  I'm sure money is still awfully tight.  Mohamed is the father of the revolution, and we should not forget him.  One small man can make a difference, even if he never knew it.  A small tombstone with Father of the Revolution or whatever the wife wanted would be really really cheap.  I would fund it myself plus a little spending money for the lady and kids if someone could get me her name and help me find a way to contact her.

Sun, 01/30/2011 - 18:01 | 918646 topcallingtroll
topcallingtroll's picture

He has a sister named Basma and a cousin named Walid.  Same last name.  can't find the wife.

Sun, 01/30/2011 - 18:25 | 918688 JR
JR's picture

+$100 -- if and when...


Sun, 01/30/2011 - 17:26 | 918562 asteroids
asteroids's picture

Now is time for the PIIGS to create real trouble.

Sun, 01/30/2011 - 17:29 | 918571 johnnymustardseed
johnnymustardseed's picture
Inequality In America Is Worse Than In Egypt, Tunisia Or Yemen

Egyptian,Tunisian and Yemini protesters all say that inequality is one of the main reasons they're protesting.

However, the U.S. actually has much greater inequality than in any of those countries.

Specifically, the "Gini Coefficient" - the figure economists use to measure inequality - is higher in the U.S.

I knew that the tax cuts for the rich was a bad idea.........GET READY TO RUMBLE!!!

Sun, 01/30/2011 - 22:32 | 919096 born2bmild
born2bmild's picture

Today makes Dickens look tame. When the dot com boom was on in SF folks would drive their Range Rovers onto the sidewalk to go into a Mission restaurant come outside when they are done, toss the $300 parking ticket onto the nearly dead homeless person lying on the sidewalk next to their car and bail.

Sun, 01/30/2011 - 17:29 | 918573 franzpick
franzpick's picture

New version of gout, the rich man's disease caused by too much rich food, red meat, and wine, spreading worldwide.  Think it's called the chauchesku virus.  Cowen, Ben-Ali, Hose-me, Ben, Timmy, Nancy, Barry and several ME leaders are presenting with symptoms.

Sun, 01/30/2011 - 20:28 | 918854 Things that go bump
Things that go bump's picture

Wasn't the cure for that rather drastic?

Sun, 01/30/2011 - 23:03 | 919157 StychoKiller
StychoKiller's picture

There's a fine line between over-dosed and fully-medicated when it comes to high-speed Pb!

Sun, 01/30/2011 - 17:32 | 918583 topcallingtroll
topcallingtroll's picture

YOu know all this fear may drive a flight to safety.  All we need is a dollar rally and gold/silver to test the 200 dma to buy Berskanke and Timmah some more time.  Let's just see what happens.  I think we are in for some deflationary fears soon, demand driven of course.  And back to the main topic this is fun as shit watching these third world despots squirm.  I hope Ghadaffi's nurse is tending to him well.  She's apparently a hot looking Ukranian bitch.  You can get them pretty cheap nowadays.  I would have figured that Ghadaffi had the money for at least an Icelander if he wanted to stay caucasian.  They cost a little more, but are well worth it.

Sun, 01/30/2011 - 17:33 | 918586 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Sarkozy's pal Gaddafi is batshit crazy if anyone didn't already know.  What I am saying is, Ashcroft would have the level at code pink...or red...or whatever.

Sun, 01/30/2011 - 17:38 | 918596 bugs_
bugs_'s picture

do not cross the "line of death"

Sun, 01/30/2011 - 17:38 | 918598 lindaamick
lindaamick's picture

When food prices increased dramatically in a short period (due to Central Bankers), the poor in the ME and elsewhere were squeezed into action. 

A tipping point was experienced. 

The masses can ALWAYS win if they band together and demand change.  That is the meaning of democracy. 

The elites got a little too greedy and pushed the masses too far.

I hope the people in the rioting countries make a better life for themselves.


Sun, 01/30/2011 - 17:51 | 918621 max2205
max2205's picture

Someone needs to tell TSA to start profiling. My guess they will be embarrassed by an obvious someone that slips through the cavity searches.

Sun, 01/30/2011 - 18:14 | 918669 hugovanderbubble
hugovanderbubble's picture

Dont Forget Djibouti....French Army is based there to control Red Sea...


France will suffer with this Crisis.

Sun, 01/30/2011 - 18:47 | 918727 gwar5
gwar5's picture

Well, couldn't happen to a nicer country. This looks to be a pan-Arab uprising.

I wonder how the Arab vs Persian thing is going to go over, Sunni vs Shiite.  They tend not to get along so much.

I wonder if there is consideration for a movement back to historial borders, not the artificial ones imposed by the British and French at the turn of the last century.

This could get real messy.


Sun, 01/30/2011 - 18:51 | 918728 CrashisOptimistic
CrashisOptimistic's picture


Just to follow up here re Libya's oil production:

Peak year 1970 at about 3 million barrels/day

2010's production 1.4 million barrels/day

Most of these peripheral post Peak OPEC countries are far down from their maximum production of many years ago.  Some are 50% down, like Libya.  It's just not easy to overcome declines in present wells.  Even if you have reserves remaining, it's very hard to overwhelm 7%/yr declines.  Any delay in drilling or laying the new pumps/pipes for a new well or just getting some piece of paper signed is one more day of 7%/yr decline you have to make up once you finally start producing from a new well.

The declines in the old fields are relentless.

Sun, 01/30/2011 - 19:21 | 918770 Threeggg
Threeggg's picture

Dow Futures in a tailspin !

Down -85.5 so far

Change !

Sun, 01/30/2011 - 23:00 | 919150 snowball777
snowball777's picture

Presto Change-o! -3.0

Sun, 01/30/2011 - 19:20 | 918771 franzpick
franzpick's picture

The gold and silver markets up $6 and up 32c tell me the markets are looking for a ME solution, but this popular revolution can't be papered over or jawboned away, and I'm thinking a $50 up day soon in Au would bring the reality into focus.  Just what the fiat masters don't want the civilians to see.

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