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In The Meantime, Over In Kraplakistan...
FLASH: KYRGYZ PRESIDENTIAL PALACE OCCUPIED BY OPPOSITION - XINHUA REPORTER
(with apologies to Kyrgyzstan purists: your country is far less busted than the US).
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Another place for the US to invade and provide "stability" what's that you say, well we had no idea they had some natural resources we would.....
Thailand got problems,
with its declared a State of emergency .....
Well, the US already has a base there so don't hold your breath.
Let's all come together and sing "we shall all overcome"..
Looks like this was the reason why we see a triple digit Dow loss...amazing
nope...Hoenig got aggressive today talkin' bout zero rates and bubbles....it's a headline on cnbc dot com......I imagine TD will have the story up soon.
Or could be resumed plunge in Consumer credit extensions, or Greek banks shunned in repo market, or . . . remember Sarajevo and the archduke Franz Ferdinand. Little countries can be unexpected tipping points.
But earnings next week and retail sales tomorrow are going to be "awesome". CNBC says BUY BUY BUY
No. Nice idealistic view on the causes of WWI but that wasn't that.
It was actually Germany' will to acquire and expand colonies in Africa and Asia and the reluctance of France and GB to allow it to do so peacefully or via economic agreements.
The shooting itself was a tipping point but not the cause.
Yep, that's why I called is a tipping point . . . not the cause.
Kyrgyzstan wouldn't be the "cause" of a market meltdown either . . . but could be a tipping point, just like Greece, consumer credit, debt overhang, or Fed comments.
I agree. Germany wanted a better route to build a railway for oil deliveries. Guess where Britain sent one of its first detachments when declaring war? IRAQ.......
Little countries hardly ever matter unless they have something everyone wants. Today's drop probably had to do with consumer credit dropping so much. Not Greece, not LA being downgraded, or Khyerzywhatsit being occupied. And the stock markets are already stabilizing before the close....
Agree to disagree a bit. It was actually the British fixing the raw material prices and limiting the flow of German industrial goods to her majesty's lands. IN reality no one really wanted it, but everyone decided to play the game of chicken, the way Greece does today. Austrian gov requested the surrender of Serbia, the Russian czar suddenly mobilized its army, the England stalled any possible discussion and the game reached a point of no return.
I hear that RBS has just made an offer of employment to Baghdad Bob; the Greek palace must be next!
I fail to recognize the color RED!
Still 1/2 hour to close, plenty of time to resolve this little anomaly
AYS, this is demoralizing those who mindfully apply asset strategies based on realisitic fundamental applications. I'll never give-in to this calamity and will prevail in the long run. Hope you do too!
I wonder if they are pro-opium trade, or against it?
NYT reports the president is fleeing the country, government has been overthrown.
Guess the parliament building couldn't hold everyone...
Wonder if the Russians lent a helping hand as they try to revive their sphere of influence, and they probably weren't thrilled with the US base there either.
On the contrary, the Russians love that we NEED a base there. It gives them another chip to play with in all sorts of negotiations.
Interesting point. And I'm sure they love negotiating with curren administration. They probably haven't had it this easy in quite a while.
I imagine at first the Russians were timid with their demands, but after Obama caved on protecting eastern Europe they figured why not ask them to disarm their nuclear capabilities, just to see what would happen. And Voila! Done.
I wonder what they'll ask for next?
Participation in any UN/multinational "peace keeping" force in Iraq if it becomes more unhinged...?
Yeah, the funny story is that the protesters gouged out an eye of a deputy prime minister.
Now that is how you overthrow the goddamn government. Eye gouging and bullets.
This is biblical an eye for an eye from quoran or old testament.
Kyrgyz Opposition Gets on Putin's Nerves
To Get Rid of Their Own President
Kiev 2004 – Bishkek 2006
The latest revolution in Kyrgyzstan began yesterday. A peaceful meeting of thousand gathered in front of the presidential palace. Then the authorities' nerves gave out. The head of the presidential administration came out and announced that the interior minister had been changed for someone suggested by the opposition. In the evening, the protesters' leaders announced that President Kurmanbek Bakiev had disappeared. Later there was information that he and Prime Minister Felix Kulaev had left for the presidential dacha. Kommersant special correspondent Mikhail Zygar was a witness to these events.
Revolutionary in a Yurt
http://www.kommersant.com/p719428/r_1/Kyrgyzstan_revolution/
Is that all it takes? Can I get 999 more ZH readers to join me in DC?
I'm there sweetie pie.
And ... I'm good for a round afterwards.
What do you think? A day ... two ... tops?
Photos: A car was burned at the government headquarters in Bishkek yesterday but protests were largely peaceful. Looting began after the president fled. (Photo by Misha Japaridze/Associated Press)(pg. A8); Protesters took over the presidential compound in Bishkek yesterday after chasing riot police with sticks. The president fled the capital. (Photo by Gleb Shchelkunov/Izvestia, via Associated Press)(pg. A1)
Map of Kyrgyzstan highlighting Bishkek: Protests in Bishkek forced the Kyrgyz leader to flee yesterday. (pg. A8)
BISHKEK, Kyrgyzstan, March 24
Protesters alleging corruption, repression and electoral fraud forced the longtime president of this central Asian country to flee his palace on Thursday, the third time a government of a former Soviet republic has been toppled in a popular uprising in a year and a half.
President Askar Akayev and his family fled Bishkek, the Kyrgyz capital, after crowds at a large opposition rally seized control of the presidential palace and began looting it. Kyrgyzstan's Parliament elected a former opposition lawmaker, Ishenbai Kadyrbekov, as the country's interim president. It was unclear whether the decision was legally binding, in part because of uncertainty over whether Mr. Akayev, whose whereabouts were unknown, had stepped down.
http://query.nytimes.com/gst/fullpage.html?res=9500E6D6173FF936A15750C0A9639C8B63
Well good to know that Akyev is now calling for the "opposition" ouster - all because of higher electricy rates -- could be a longgggggggggggggg summerrrrrrrrrrrr
An Al-Jazeera reporter noted: "When it comes to real frustration, it's the economic problems that really motivate people. The key turning point may have been the imposition of new utility bill tariffs. People's energy bills doubled overnight in January and that caused serious consternation among a significant part of the population who are largely poor by international standards."
This is particularly interesting to me because electricity rates are going up massively all over the world (and you KNOW the run up in coal isn't going to help). In one example, South Africa, the government has approved electricity rates increasing 100%+ over the next 18 months. Inflation is here with a vengeance thanks to money printing, but its not showing up in the US. Rather the poorest of the poor are being disproportionately impacted (lookin at your poor India).
We here all know this in one way or another, but the political instability we're witnessing is just the beginning.
http://english.aljazeera.net/news/asia/2010/04/201047164717764440.html
He did say we are going to export are way out of this, right? Well, we sure are exporting inflation.
SHTF NOW!
Buy Chinese Solar stocks and cut your power bill in 1/2.
For a 2007 article that explains the importance of Kyrgyzstan, see: http://www.sras.org/kyrgyzstan_energy_alternatives
Hint: It's about oil.
This is ALL about oil.
Nice pictures of the action:
http://www.boston.com/bigpicture/2010/04/crisis_in_kyrgyzstan.html
My favorites: 24,32
Let's see millions of people fired day after day month after month during this downturn. But you try to fire a FEW LOUSY GOVERNMENT AUTHORITIES and you get this kind of crap.
I guess there is 2 classes of people. Those who respect other peoples deisre to part ways no matter how much it impacts their lives and government officials who won't leave till they've lost all control.
This may have something to do with oil. This area has some.
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