• Reggie Middleton
    03/19/2010 - 10:03
    As I warned in my Pan-European Sovereign Debt Crisis series and amid a depression, this Eastern European government has collapsed. Western European countries (and their banks) have material claims within this country, and when combined with pressure from the PIIGS, may be the ones that set off the financial/economic contagion daisy chain. It is difficult to determine who sets it off, which is why it is best to attempt to determine the path of the contagion instead...
  • Leo Kolivakis
    03/19/2010 - 07:34
    A recent joint poll by Responsible-Investor.com, the Network for Sustainable Financial Markets and AQ Research, showed more than 90% of investment professionals believe moral hazard has increased. And yet, global pension funds and wealth funds who manage trillions of dollars have not taken the lead to push for financial reforms. Why do they acquiesce, and not push for meaningful post-crisis reforms?
  • Econophile
    03/19/2010 - 00:48
    The fact that Google will not kowtow to Bejing and will walk away from the market of greatest potential is to me a commendable act. This is a companion piece to my series, "China's Fragile Economy, Its Housing Bubble, and What It Means To Us." China is not a liberal country, by far.

Signs of the Sensitivity of the Iranian Powderkeg

Marla Singer's picture




It doesn't take much to panic markets when it comes to Iran. Case in point: Crude futures just about 45 minutes ago:

 

 

13:39 ET: 5 UK Nationals Held In Iran After Yacht Seized In Gulf (Dow Jones)  (YOWSERS!)

 

13:55 ET: UPDATE Five U.K. nationals are being held in Iran after the Iranian navy seized their yacht, which may have strayed into Iranian waters in the Gulf en route from Bahrain to Dubai, the Foreign Office said Monday. The incident happened Nov. 25, when "a racing yacht owned by Sail Bahrain and crewed by five British nationals, was stopped by Iranian naval vessels," the office said in a statement. (Dow Jones)  (Oh.)

Can you imagine what this will look like if anyone actually shoots at something over there?

5
Your rating: None Average: 5 (8 votes)



by VegasBD
on Mon, 11/30/2009 - 14:31
#146501

Ughhh. Hopefully we'll go broke before we can invade another country that barely has electricity...

Or get out of the way so Israel take care of their own problems.

by D.O.D.
on Mon, 11/30/2009 - 14:42
#146510

?... Curious, I thought America is Israel... hmmm my mistake...

by aaronvelasquez
on Mon, 11/30/2009 - 15:46
#146647

For the amount of money we spend on Israel, we might as well give them their own county in Florida, and build them a copy of Jerusalem.  Then we can let the Arabs have the dirt they covet and quit supporting our friends in the most hostile possible environment.

by SWRichmond
on Mon, 11/30/2009 - 15:52
#146652

That is the most creative and non-violent answer I've ever seen to this problem.  My idea has always been to convert the area for use as a spent nuclear fuel repository (a la Hanford), then see if they still want to fight over it.

by mrgneiss
on Mon, 11/30/2009 - 15:57
#146666

We have a winner folks........

by Anonymous
on Mon, 11/30/2009 - 16:09
#146697

Trust and believe the war would be on with the Cubans if that ever happened.

by ZerOhead
on Mon, 11/30/2009 - 16:46
#146753

Thats right we can leave them the dirt but why not just move all the jewish historical and religious structures as well? The Temple Mount could be a little tricky however because extra dollars would be required to place scaffolding underneath the mosque...

Crazy you say? Check out London Bridge in... wait for it.... Arizona.

http://www.goodyearblimp.com/archive/img/c_londonbridge.jpg

by arkady
on Mon, 11/30/2009 - 17:02
#146771

I find it rather amazing that even among the fiscally educated and enlightened community like we have at ZeroHedge there is still quite a bit of ignorance and animosity.  DOD's comment borders the kind of anti-semitic rhetoric one finds in the forums discussing Zeitgeist's contribution to humanity.

America gives almost as much money to Egypt and yet nowhere is that mentioned and while Israel's racist policies and questionable treatment of certain minorities leaves much to be desired they are head and shoulders above Egyptians whose scores on basic freedoms would cause Russia to blush.  Yet why mention Egypt when you have the world's easiest scapegoats at your fingertips? I am certainly not deluded in thinking that humanity will ever shed it's hating capacity but if hate is a function of ignorance then the language here is dissapointing at best.  

FWIW I would cut off aid to everyone, we have our own problems - but that is hardly the point.

by D.O.D.
on Mon, 11/30/2009 - 17:13
#146796

Anytime anyone questions Israel they are labled anti-semites, as if no one is allowed to disagree with the all powerful Israel and disagreeing with the policies of state somehow reflects one's opinions of it's people.  That is the real joke, and why I say America has become the whore of Israel. 

Tell me if I disagree with American policy, does that make me an anti-freedomer?

by Anonymous
on Mon, 11/30/2009 - 19:51
#147003

Well, yeah.
Esp if you are busy ignoring other countries and not applying similar standards to their behavior.

by D.O.D.
on Mon, 11/30/2009 - 20:49
#147020

The context of the original comment was about Israel.  I suppose I could write an op-ed here about what every country of every corner of the world is doing that is not only illegal, but outright unethical, regardless of religion, to at least one group of people residing in their borders; but my reference was to Israel and Americas constant cheek spreading attitude.  I was pointing out one fact, no where did I say Israel, much less Israelites, are the only problem in the world. 

Then, without knowing anything about me or my heritage, I am accosted with accusations of being an anti-semite.  Pretty funny from my point of view, but those who would rather jump at any and all opportunities to call someone an anti-semite and change the subject from America's own prejudices towards Israel, are more concerned with calling names than facing facts. 

Methinks they doth protest to much...perhaps Israel has as much to hide as the Federal Reserve...

by Anonymous
on Mon, 11/30/2009 - 17:16
#146802

FYI on foreign aid

http://www.parade.com/news/intelligence-report/archive/who-gets-us-foreign-aid.html

1. Israel $2.4 billion Virtually all of this money is used to buy weapons (up to 75% made in the U.S.). Beginning in 2009, the U.S. plans to give $30 billion over 10 years.
2. Egypt $1.7 billion $1.3 billion to buy weapons; $103 million for education; $74 million for health care; $45 million to promote civic participation and human rights.

by wgpitts
on Mon, 11/30/2009 - 20:24
#147030

The money given to Egypt is given out of obligation on behalf of Israel as part of 1974 Egypt/Israel Peace accords...so techinically this money is a debt we are paying on befalf of Israel in addition to the Billions each year we give them directly....

by Dont Taze Me Bro
on Mon, 11/30/2009 - 20:29
#147032

arkady,
America gives money to Egypt, Jordan and a few other Arab countries so they will stay on friendly terms with Israel. Mearsheimer and Walt pointed this out in their book as well.

 

by ZeroPower
on Mon, 11/30/2009 - 22:46
#147184

Hey guys, here he is! Heres the guy who cried antisemite!

 

Usually takes at least 50 posts in a thread for this to come up, but this moron came quick.

by Anonymous
on Mon, 11/30/2009 - 17:28
#146822

Actually, the best thing to do would be to tell both sides, "We have too much to worry about right now at home and it appears noether of you wish to really solve your differences. We are going to completely withdraw from the region militarily and financially as we are broke. Let us know when you are ready to really pursue peace but in the meantime, we simply cannot help."

We should say the same thing to the rest of the planet, save trillions and bring everyone home. Line up the military on the borders and simply protect.

by MinnesotaNice
on Mon, 11/30/2009 - 14:51
#146541

Loved the "before we can invade another country that barely has electricity"... such a simple way to put what is so true.

by Pedro
on Mon, 11/30/2009 - 15:09
#146575

Yea, let's just do nothing and let another 3,000 New Yorkers get blown up unsuspectingly.  And while we are at it let's not believe somebody when they tell us they are at war with us and chant death to the infidels.

by Anonymous
on Mon, 11/30/2009 - 15:18
#146594

I agree. Who needs NY or Israel?

by geopol
on Mon, 11/30/2009 - 15:20
#146596

With all due respect, and sincerity, you need to hit the books..

by Pedro
on Mon, 11/30/2009 - 15:30
#146614

When you deal in facts, I'll hit the books.  Here are just a few attacks from these "no electricity" countries:

World trade center 1993

Khobar towers

USS Cole

2nd World Trade Center

by D.O.D.
on Mon, 11/30/2009 - 15:36
#146629

Exactly Pedro, I mean it's not like the American Gov't went in and assasinated Iran's elected leader or anything...

by Internet Tough Guy
on Mon, 11/30/2009 - 16:05
#146686

Seriously? That was 50 years ago; and we backed someone in an internal coup, not direct assassination. You must carry a big chip on your shoulder because history is full or war, conquest, assasination, etc. etc. Are you still mad at Germans for WWII, or Russians for what they did to eastern Europe? 

Or are you just an anti-semite? Because I think the answer is pretty clear from your posts.

 

by D.O.D.
on Mon, 11/30/2009 - 16:11
#146691

"are you just an anti-semite?"

HAHAHA... classic knee jerk response, ignore the facts and start with ad hominem attacks... very clever...for a zealot moron...

"history is full or war"

Very deep, did you get help to come up with that?

by Internet Tough Guy
on Mon, 11/30/2009 - 16:13
#146705

I notice you didn't answer my questions, so I stand by my statement. You can whitewash the mad mullahs all you want, but I doubt Israel will wait for them to get a nuke.

by D.O.D.
on Mon, 11/30/2009 - 16:16
#146711

right, I have to answer your question to prove someting.  I actually know I don't have to answer it, and by asking you have proven yourself to be a racist.

racist : a belief or doctrine that inherent differences among the various human races determine cultural or individual achievement, usually involving the idea that one's own race is superior and has the right to rule others.

If my beliefs are in question, all I need say is I believe in equality.  If you don't understand what that means, perhaps you need to look it up.

"...we backed someone in an internal coup, not direct assassination..."

Would you like some kool-aide to wash down your bullshit?

by Internet Tough Guy
on Mon, 11/30/2009 - 16:24
#146718

I know better than to argue with someone like you but just out of morbid curiousity, who was assassinated? You do know that Mohammed Masaddeq was deposed but not killed, don't you?

I await your tortured reasoning with baited breath.

by Anonymous
on Mon, 11/30/2009 - 16:31
#146728

D.O.D. won already, give it up. For an Internet Tough Guy you're not that tough...

by geopol
on Mon, 11/30/2009 - 17:20
#146804

DITTO

by D.O.D.
on Mon, 11/30/2009 - 16:39
#146737

Is a name what is important to you.  You are really moving the subject far away from topic.  I understand why; You have no leg to stand on.  The CIA, whether with finger on the trigger, or vis sa vie a stand in, assassinated the elected leader.  If you want his name go to wiki, a smart guy like you can find it, I'm sure.  The reason for the assassination is the same reason it has been with America for the past century, oil. Plain and simple.  Try and stay on topic, if you want to ramble and insult, feel free, but rest assured, it won't make you any less wrong, or less racist.

p.s.

Are you differentiating an assassination attempt from a success, as if one is ok, and the other not?

by Internet Tough Guy
on Mon, 11/30/2009 - 16:39
#146740

His name was Mohammed Mosaddeq. He was deposed in 1953 and died on his estate in 1967. Here is the link:

http://en.wikipedia.org/wiki/Mohammed_Mosaddeq

Like your avatar you talk a lot of crap, but don't have anything to back it up, least of all facts.

 

by D.O.D.
on Mon, 11/30/2009 - 16:47
#146746

well let's see, the CIA didn't kill him, merely went in and armed those who would... big difference...If he wasn't killed I remembered incorrect, it still doesn't mean the the American gov't played no role in the course of events in another countries gov't/society.  You want to focus on one piece of information, and then say everything else is wrong.  It's a common tactic for those with little skills.  If it makes you feel better then Mohammed lived...feel better?

http://en.wikipedia.org/wiki/Operation_ajax

http://www.youtube.com/watch?v=oi-JiM0Ox_8

by Marla Singer
on Mon, 11/30/2009 - 16:45
#146749

Ok, that will do. Let's cool it.
by Anonymous
on Mon, 11/30/2009 - 16:55
#146765

Once again pulling the newspapers from the shelves.

Silence! You cannot speak anymore.
--Dicktator

by cougar_w
on Mon, 11/30/2009 - 17:59
#146867

Speak all you want... somewhere else.

by Anonymous
on Mon, 11/30/2009 - 21:19
#147088

this is not a nypost message board

by Anonymous
on Mon, 11/30/2009 - 16:13
#146704

The Tough guys comes out with the straw man attack.

You win the idiot of the day prize.

by the phantom
on Mon, 11/30/2009 - 15:40
#146636

And Iran had what to do with that exactly?  Hit the books...

by Pedro
on Mon, 11/30/2009 - 16:02
#146675

How about we just agree to disagree and get back to ripping Bernanke and the other market manipulators.

by D.O.D.
on Mon, 11/30/2009 - 16:05
#146680

Yeah, it's better to ignore the facts, that way the illusion you call reality is safe, no need to get all the truth at once... baby steps...

Remember; if the truth is scary, it must be a lie...

by Anonymous
on Mon, 11/30/2009 - 16:25
#146719

D.O.D., You appear very shallow, and typical. Make anti-semitic statements, and then, when someone asks about that, accuse them of racism. Good move. You are degrading the quality of this site.

by D.O.D.
on Mon, 11/30/2009 - 17:37
#146840

Anytime anyone questions Israel they are labled anti-semites, as if no one is allowed to disagree with the all powerful Israel and disagreeing with the policies of state somehow reflects one's opinions of it's people.  That is the real joke, and why I say America has become the whore of Israel. 

Tell me if I disagree with American policy, does that make me an anti-freedomer?

by chumbawamba
on Mon, 11/30/2009 - 18:29
#146911

Without a doubt, 9,999 times out of 10,000 when someone makes an accusation of "anti-Semitism", they are anti-Arab racists/bigots who talk out of their ass with a kneejerk reaction.

I am Chumbawamba.

by JohnKing
on Mon, 11/30/2009 - 16:43
#146723

Yeah, everyone still ignores the fact that the terrorists were Saudis. Better to bomb cavemen who pose no threat than to go after the real killers.

Greenspan probably told the truth here:

http://www.youtube.com/watch?v=-T5ToDjZnTU

The war is about oil.

by Cindy_Dies_In_T...
on Mon, 11/30/2009 - 17:02
#146777

Hey, this is called Fight Club for a reason. Take it outside already.

by the phantom
on Mon, 11/30/2009 - 16:53
#146762

Agreed, but think this through.  Israel attacks Iran(with US help, bc they can't do it otherwise... logistically), Iran responds by turning the Straits of Hormuz into one big landmine. 70% of the worlds oil passes through there daily. Goodbye Fake Recovery, hello $300 oil!  For what?  A country that never threatened the US, or attacked any of its neighbors?  Terrible risk/reward.

by Anonymous
on Mon, 11/30/2009 - 19:36
#146987

I am sorry, who has never threatened the US? Iran? Or Israel? I know the Iranians regularly threaten us but I am not sure about the Isrealis? Any video of mad jews screaming death to america, or calling the US the Great Satan?

by the phantom
on Mon, 11/30/2009 - 22:24
#147168

Please cite any source that shows an Iranian official threatening the US.  As for Israel... we dont live in the United States Of Israel last I checked.(Or do we?)  Israel should deal with its own mess... not my problem.  If you want to go fight the fight for Israel, go ahead... just please take Lloyd with you.

by Anonymous
on Mon, 11/30/2009 - 16:03
#146676

Pedro please first and foremost understand the bias of the source of your `facts`.

by geopol
on Mon, 11/30/2009 - 16:30
#146682

This may help you break through the CD...

 

Daniele Ganser, Nato's Secret Armies

http://www.voltairenet.org/article144748.html

 

Architects and Engineers 9/11

Physical Evidence

http://www.ae911truth.org/

Political Geopolitical insight

9/11 Synthetic Terror Made in U.S.A. Webster G. Tarpley.

http://www.youtube.com/watch?v=qaog8QV68CI&feature=related

http://www.youtube.com/watch?v=ih5WescPYuo

by Pedro
on Mon, 11/30/2009 - 17:11
#146793

Look, though we disagree, this is not the forum for this political discourse.  I would delete my post if I had the option so that we can get back to our free manipulated market discussions.

by D.O.D.
on Mon, 11/30/2009 - 17:15
#146797

Let that be a lesson to you Pedro... think before you type...

by geopol
on Mon, 11/30/2009 - 17:16
#146801

Pedro,

I just go where the conversation takes me... Hope the above will shed some light..

Cheers

 

BTW  What do you think about manipulated markets?

 

by the phantom
on Mon, 11/30/2009 - 17:24
#146811

LOL +10.  I also want to hear Pedro's opinion on manipulated markets... I have faith it will be a better effort than his Iran tangent.

by Pedro
on Mon, 11/30/2009 - 17:28
#146823

Difficult to trade and make money.

by the phantom
on Mon, 11/30/2009 - 17:45
#146849

TA-DA!  We have Pedro. +1

by WaterWings
on Mon, 11/30/2009 - 16:14
#146708

You forgot the Lusitania.

by Anonymous
on Mon, 11/30/2009 - 15:21
#146599

Do nothing about the WTC is what's been done for 7 years.

Last I remember a guy named Osama bin Ladin claimed he orchestrated the attack.

And we captured, by accident, and hung ol' what's his name.

And spent a trillion dollars to, ahem, defense contractors and plan getting another 3,000 of our volunteers killed, and another who knows how many maimed.

Doing nothing might have been preferable to what's been done, but how about a compromise instead? Stop allowing international bankers to run our defense department. It looks highly suspicious. And to many, downright corrupt and rotten to the core.

by Anonymous
on Mon, 11/30/2009 - 17:04
#146782

...without even mentioning that what America is doing now is creating generations upon generations terrorists.

Why didn't NORAD do their job?

by Apocalypse Now
on Mon, 11/30/2009 - 23:07
#147211

I hate misinformation so I must correct you, OBL did not claim he orchestrated the attack - in fact check your local post office for the FBI's list of the most wanted, this is not listed among his list of crimes although other foreign events are.  At one point, Rice had stated they would prosecute and build a case against the terrorists responsible but then promptly never provided any further information. 

Six of ten commissioners (the majority for those democracy loving freedom lovers) on the 9/11 investigation stated they wanted a new investigation and felt the facts were being covered up - why?  There are statements that it was state sponsored but that the details were now classified information - why? I did read a report that OBL stated there is a government within the government of the United States and that he used to be a CIA agent used to fight against the Russians in Afghanistan - The Bush family also has business ties with the Bin Laden family.  I am objective and am not pro-arab, pro-persian, or pro-israel - why should americans die for any of them?

I agree with the rest of your post.

by Apocalypse Now
on Mon, 11/30/2009 - 23:10
#147212

I hate misinformation so I must correct you, OBL did not claim he orchestrated the attack - in fact check your local post office for the FBI's list of the most wanted, this is not listed among his list of crimes although other foreign events are.  At one point, Rice had stated they would prosecute and build a case against the terrorists responsible but then promptly never provided any further information. 

Six of ten commissioners (the majority for those democracy loving freedom lovers) on the 9/11 investigation stated they wanted a new investigation and felt the facts were being covered up - why?  There are statements that it was state sponsored but that the details were now classified information - why? I did read a report that OBL stated there is a government within the government of the United States and that he used to be a CIA agent used to fight against the Russians in Afghanistan - The Bush family also has business ties with the Bin Laden family.  I am objective and am not pro-arab, pro-persian, or pro-israel - why should americans die for any of them?  Are their mothers better than our mothers?

I agree with the rest of your post.

by D.O.D.
on Mon, 11/30/2009 - 15:27
#146601

Or better yet, why don't we ignore the injustices perpetrated by Americans, because everyone knows America is God's real favorite and can do no wrong...ohhh wait we already do that...

by Internet Tough Guy
on Mon, 11/30/2009 - 16:07
#146694

And everyone knows only America commits injustice. The mullahs are innocent babes in the woods; why just look how well they treat their own people...

by Project Mayhem
on Mon, 11/30/2009 - 15:28
#146603

actually i dont feel like starting an argument

by D.O.D.
on Mon, 11/30/2009 - 15:33
#146623

Too late, I clicked the link, and I think 9/11 was an inside job...

by MinnesotaNice
on Mon, 11/30/2009 - 15:41
#146620

First of all if you lost someone in the World Trade Center bombing... then my sympathies... it was a tragic day.

But was Iran or another Middle Eastern country involved in blowing up the World Trade Center?  I know I have heard some people believe Israel was involved... and I have heard other less than mainstream theories... but this is the first time I have heard of Iran or another Middle Eastern country being significantly involved.  And if they were involved then perhaps we should have put them up a little higher on the 'Bush/Cheney Invasion List' rather than going first with Afghanistan or Iraq... just sayin'. 

And BTW... there are a lot of 'rednecks' (among others) in our country who have a strong dislike for Middle Easterners and 'chant' a lot of craziness about Middle Easterners... however I don't see anyone coming over to the United States to invade us because of our intolerant brethren.

You know I have to tell you Pedro... that in my years of travel... people from the Middle East... including Iran are some of the nicest, most gracious people I have had the pleasure of meeting.  Their customs may be different... but overall not necessary better or worse than what we do to our own citizens of the United States (take for instance life imprisonment of juveniles or execution of the mentally retarded).

by Screwball
on Mon, 11/30/2009 - 16:02
#146674

Well said MN.  Those you talk about follow the Koran as it should be read, not the Wahabbi/Brotherhood version.

by nonclaim
on Mon, 11/30/2009 - 16:33
#146730

"people from the Middle East... including Iran are some of the nicest, most gracious people I have had the pleasure of meeting."

That can be said for most people everywhere. Too bad Government actions get confused with the people it is supposed to represent, but rarely does.

--

+1 to Switzerland for maintaining a functional direct democracy.

by Anonymous
on Mon, 11/30/2009 - 16:50
#146758

You just don't get it, do you? There are millions of Americans who look at war like some kind of football game and they are *astounded* and more than a put off by those of us who would prefer peace because it gets in the way of their enjoyment! Also, I have encountered plenty of military folks who sincerely want there to be ongoing wars because it is exciting and it allows them to win medals and promotions. There are actually guys who prefer the hardship of combat because it gives meaning to an otherwise dull, plain southern/midwestern lifestyle in which they would have to answer their wife's constant nagging about their unemployment situation. Losers like that can't make us beholden to them and have "I'm a veteran" license plates if there is no war, now can they? But throw a war in there and they can all be heroes now (even if it is only in their own minds) and do things like garner disability pay and sympathy and have charity rides in their honor, preferred employment (by law) and all the other horseshit.

I have also encountered the same tone while visiting veterans groups. One would think, given the hardships and loss experienced, that the membership of the VFW would be a staunch anti-war (or at least disfavorable about current foreign policy) organization, but eh, not so much.

You can lead a horse to water, but you can't make him drink. And that's a serious problem with the US today.

by MinnesotaNice
on Mon, 11/30/2009 - 20:12
#146972

Anon... actually I do get it... and I am one also one who would prefer peace to war... and believe it was misguided to go into both Afghanistan and Iraq.  I was speaking tongue-in-cheek about pushing up Iran on 'the list'.

by Anonymous
on Mon, 11/30/2009 - 15:33
#146621

Pedro, I assume you dont know about the >100,000 civilian deaths the US has handed out in Iraq in a war designed to avert future attacks (ala Minority Report).

Great thinking. Lets repeat.

by geopol
on Mon, 11/30/2009 - 16:34
#146733

As of August 2007

1,033,000 violent deaths as a result of the conflict. Minor revision...

6 Million displaced..

by nonclaim
on Mon, 11/30/2009 - 16:44
#146748

~3% of the population died?
~20% displaced?

Impressive numbers, but hard to believe. It is always best to give numbers quoted by both sides and figure it is somewhere in between. One sided numbers are ideological propaganda.

by geopol
on Mon, 11/30/2009 - 17:01
#146775

It came from Opinion Business Research,,,

Can't vouch, but have observed these numbers in other pubs

As you can see the numbers wiggle quite a bit.

Iraq War Facts, Results & Statistics at Nov 20, 20094,366 US Soldiers Killed, 31,571 Seriously WoundedPhoto taken at Arlington National Cemetery on Oct 3, 2007 (Alex Wong/Getty Images) Nov 22 2009

For your quick reading, I've listed key statistics about the Iraq War, taken primarily from data analyzed by various think tanks, including The Brookings Institution's Iraq Index1, and from mainstream media sources. Data is presented as of November 20, 2009, except as indicated.

U.S. SPENDING IN IRAQ

Spent & Approved War-Spending - About $800 billion of US taxpayers' funds spent or approved for spending through mid-2009, including $76 billion requested by President Obama and approved by Congress.

U.S. 2009 Monthly Spending in Iraq - $7.3 billion as of Oct 2009

U.S. 2008 Monthly Spending in Iraq - $12 billion

U.S. Spending per Second - $5,000 in 2008 (per Senate Majority Leader Harry Reid on May 5, 2008)

Cost of deploying one U.S. soldier for one year in Iraq - $390,000 (Congressional Research Service2)

Lost & Unaccounted for in Iraq - $9 billion of US taxpayers' money and $549.7 milion in spare parts shipped in 2004 to US contractors. Also, per ABC News3, 190,000 guns, including 110,000 AK-47 rifles.

Missing - $1 billion in tractor trailers, tank recovery vehicles, machine guns, rocket-propelled grenades and other equipment and services provided to the Iraqi security forces. (Per CBS News on Dec 6, 20074.)

Mismanaged & Wasted in Iraq - $10 billion, per Feb 2007 Congressional hearings

Halliburton Overcharges Classified by the Pentagon as Unreasonable and Unsupported - $1.4 billion

Amount paid to KBR, a former Halliburton division, to supply U.S. military in Iraq with food, fuel, housing and other items - $20 billion

Portion of the $20 billion paid to KBR that Pentagon auditors deem "questionable or supportable" - $3.2 billion

Number of major U.S. bases in Iraq - 75 (The Nation/New York Times5)

TROOPS IN IRAQ

Troops in Iraq - Total 124,000 U.S. troops as of September 30, 2009. All other nations have withdrawn their troops.

U.S. Troop Casualties - 4,366 US troops; 98% male. 91% non-officers; 82% active duty, 11% National Guard; 74% Caucasian, 9% African-American, 11% Latino. 19% killed by non-hostile causes. 54% of US casualties were under 25 years old. 72% were from the US Army

Non-U.S. Troop Casualties - Total 316, with 179 from the UK

US Troops Wounded - 31,571 through September 30, 2009, 20% of which are serious brain or spinal injuries. (Total excludes psychological injuries.)

US Troops with Serious Mental Health Problems - 30% of US troops develop serious mental health problems within 3 to 4 months of returning home

US Military Helicopters Downed in Iraq - 73 total, at least 36 by enemy fire

IRAQI TROOPS, CIVILIANS & OTHERS IN IRAQ

Private Contractors in Iraq, Working in Support of US Army Troops - More than 180,000 in August 2007, per The Nation/LA Times6.

Journalists killed - 140, 93 by murder and 47 by acts of war

Journalists killed by US Forces - 14

Iraqi Police and Soldiers Killed - 9,315

Iraqi Civilians Killed, Estimated - A UN issued report dated Sept 20, 2006 stating that Iraqi civilian casualties have been significantly under-reported. Casualties are reported at 50,000 to over 100,000, but may be much higher. Some informed estimates place Iraqi civilian casualities at over 600,000.

 

by Hephasteus
on Mon, 11/30/2009 - 15:36
#146630

Secret muslim training ground footage.

http://www.youtube.com/watch?v=Cnr-6Acgwjg

by aswipe
on Mon, 11/30/2009 - 18:12
#146884

Exactly, they cant do any harm to the U.S. from their caves can they?

by ZerOhead
on Mon, 11/30/2009 - 16:51
#146760

Yes Minnie... but "barely has electricity" means they now have electrical technology...

This has become a major national security threat... according to Cheney... "We can't wait for the sparks to fly... we must act now!"

by MinnesotaNice
on Mon, 11/30/2009 - 21:46
#147119

lol :-)

by Hephasteus
on Mon, 11/30/2009 - 15:25
#146606

Let's invade this place.

http://en.wikipedia.org/wiki/File:Sealand.jpg

Park the navy all around it. Scare away the fish. Blanket it in jamming signals so it can't get internet. We could totally bend that place to our mighty will.

by D.O.D.
on Mon, 11/30/2009 - 15:43
#146640

Do they have any oil?

by Hephasteus
on Mon, 11/30/2009 - 15:52
#146654

They got freedom. Intolerable freedom from us imposing limitations and restrictions on them. That's more precious than oil. Who knows what they could be doing in such a place. Nobody can be free without abusing it in some way. I bet they are cheating at solitaire right now as we speak!!!!

by DaveyJones
on Mon, 11/30/2009 - 17:01
#146776

No Oil, but their crops are still not genetically modified.

by WaterWings
on Mon, 11/30/2009 - 16:18
#146714

Put some of RobotTrader's hotties up there too!

by Project Mayhem
on Mon, 11/30/2009 - 14:41
#146523

haha... fail...

Oil prices spike after Iran seizes yacht

http://www.google.com/hostednews/ap/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD9CA1PCO0

Geez why is everyone so jumpy  , it's just the straight of hormuz not the gulf of tonkin. ;)  Another round of thorazine for the centcom policy wogs!

by Hephasteus
on Mon, 11/30/2009 - 14:42
#146526

It's an elite yatch club attack force!!!

Get your body armor on they are going to keel us all!!!!

by Mad Max
on Mon, 11/30/2009 - 14:54
#146546

That's keel-haul, ye landlubber!  Yarrrrrrrrrrrrrrrrrrrrrrgggggggggggh!!

This should have happened on Talk Like A Pirate Day.

by bonddude
on Mon, 11/30/2009 - 15:00
#146559

MIS-TAH CHRIS-TAIN !!!

by grey
on Mon, 11/30/2009 - 15:55
#146660

I think ol' Hep... wanted us to pronouce "keel" as "kill" (maybe with a southern accent?)

by SWRichmond
on Mon, 11/30/2009 - 15:59
#146670

Incidents like this one will have U.S. warplanners trebling their requests for littoral warships:

http://en.wikipedia.org/wiki/Littoral_combat_ship

...er, I mean "they're 'eaded for the shallows, matey!  Mind yer 'elm"

 

 

by Hephasteus
on Mon, 11/30/2009 - 21:35
#147105

Yep I watchd that jewish lady Joe Leiberman. Turn that Fort shooting from what it really was.... One pissed off person losing it, into a multinational plot involving powerful muslim clerics and other various insurmountable obstacles. You know you are really pushing things when you try to turn a nearly impenetrable fortress of doom into wide open free society fraught with peril.

And they call US consipiracy theorists?

by SDRII
on Mon, 11/30/2009 - 15:35
#146628

great irony in the luxury UK yacht. Is the UK officially a failed state?

by Gilgamesh
on Mon, 11/30/2009 - 14:43
#146529

But, but, where's the demand for oil?  The price is being driven up irrationally by evil speculators...

Somehow this analysis is never used by those same people on stock fundamentals.

 

(you can multiply that spike by over a hundo if any real action finally throws down)

by lsbumblebee
on Mon, 11/30/2009 - 14:55
#146549

"The first mate and his skipper too said that their tiny ship, the S.S. Minnow, was lost. The five nationals set sail today for a three hour tour."

by D.O.D.
on Mon, 11/30/2009 - 14:58
#146555

...a three hour tour...

by SilverIsKing
on Mon, 11/30/2009 - 15:38
#146633

Best post of the day!

by D.O.D.
on Mon, 11/30/2009 - 18:53
#146932

I thought someone like you would like that....

by Harbourcity
on Mon, 11/30/2009 - 15:48
#146649

Hahahahah Gilligan just never learns...

 

by crzyhun
on Mon, 11/30/2009 - 14:59
#146556

These militant persians should have been rolled in a rug and dropped to 9 fathoms a long time ago.

by D.O.D.
on Mon, 11/30/2009 - 15:01
#146561

So true... this world is only big enough for one militant fascist quasi-govt. theocracy...

by aaronvelasquez
on Mon, 11/30/2009 - 15:50
#146650

Surely you are not referring to the land of "freedom of . . and freedom from religion."

by ShankyS
on Mon, 11/30/2009 - 15:02
#146566

This whole friggin planet has a hair trigger right now. When the first domino falls the resounding effect will be unmeasurable.

by Anonymous
on Mon, 11/30/2009 - 15:07
#146571

Funny, is there a spike when the Somalis grab a super tanker?

by Anonymous
on Mon, 11/30/2009 - 15:18
#146592

Nope, but then the Somalis can't sink a couple of dozen supertankers in a day.

by Anonymous
on Mon, 11/30/2009 - 15:16
#146588

100% oil and gold now .... I just need someone to light the first match !!!!!!!!!!

by Anonymous
on Mon, 11/30/2009 - 15:22
#146600

Do any of the 5 have IPods?

by Bob
on Mon, 11/30/2009 - 15:24
#146604

That is a funny picture!  Hope is was meant that way . . . all that volume in 15 minutes.  Aren't the markets wonderfully efficient in their response to hard information. 

Makes you wonder who might be financing the Somali "pirates," BTW, say, GS/JPM/et al or OPEC? 

Just sayin'. 

by Careless Whisper
on Mon, 11/30/2009 - 15:26
#146608

Can you imagine what this will look like if anyone actually shoots at something over there?

It will look like s&p limit down at the open, which means volatility and a very profitable trading day for those that are prepared.

by thewhigs
on Tue, 12/01/2009 - 11:01
#147668

...well, the U.S. does have precedent with that..

 

Iran Air Flight 655

 

http://en.wikipedia.org/wiki/Iran_Air_Flight_655

by Anonymous
on Mon, 11/30/2009 - 15:33
#146624

steak's thesis is oil touched below $75 now its time for it to break out above $80. The reason why don't much matter. Iran today, some other boogeyman tomorrow. Booya

by amarshall
on Mon, 11/30/2009 - 15:34
#146625

You sure this isn't a chart for the SPY?

by JamesBrrando
on Mon, 11/30/2009 - 16:26
#146722

nuke it all

 

turn the sand into glass and the people into dust.

by maff
on Mon, 11/30/2009 - 17:03
#146780

It is wrong to kill innocent people but let us put morality aside for a moment and consider this as a serious proposition, from the viewpoint of evolutionary biology.

This would be an evolutionarily advantageous act for those with the nukes (the USA). Adios terroristas. Hola oil. Unpalatable but evolutionarily advantageous strategies stand waiting for those with the opportunity to take them. Those that do so have the advantage. Their offspring will benefit and their genes will be over-represented in the future of humanity.

Happy anniversary Mr Darwin.

 

by geopol
on Mon, 11/30/2009 - 17:06
#146787

Great solution,,,

Nuke a whale for Jesus,,,,,,,,Stars and Stripes forever..

by Whatdoesitallmean
on Mon, 11/30/2009 - 17:02
#146769

Trading CL is hard.  Especially when there are mad head-fakes like this.  Margins gets blown out and it reminds me of the Dr. Evil trades from a while back.

 

Or it could be the Dubai/Abu Dhabi trying to pump the crude up, before they have to sell some to pay the bills.

 

by DaveyJones
on Mon, 11/30/2009 - 17:08
#146790

The Yachts

contend in a sea which the land partly encloses
shielding them from the too-heavy blows
of an ungoverned ocean which when it chooses

tortures the biggest hulls, the best man knows
to pit against its beatings, and sinks them pitilessly.
Mothlike in mists, scintillant in the minute

brilliance of cloudless days, with broad bellying sails
they glide to the wind tossing green water
from their sharp prows while over them the crew crawls

ant-like, solicitously grooming them, releasing,
making fast as they turn, lean far over and having
caught the wind again, side by side, head for the mark.

In a well guarded arena of open water surrounded by
lesser and greater crafts which, sycophant, lumbering
and flittering follow them, they appear youthful, rare

as the light of a happy eye, live with the grace
of all that in the mind is fleckless, free and
naturally to be desired. Now the sea whoch holds them

is moody, lapping their glossy sides, as of feeling
for some slightest flaw but fails completely.
Today no race. Then the wind comes again. The yachts

move, jockeying for a start, the signal is set and they
are off. Now the waves strike at them but they are too
well made, the slip through, though they take in canvas.

Arms with hands grasping seek to clutch at the prows
Bodies thrown recklessly in the way are cut aside.
It is a sea of faces about them in agony, in despair

until the horror of the race dawns staggering the mind;
the whole sea become an entanglement of watery bodies
lost to the world bearing what they can not hold. Broken,

beaten, desolate, reaching from the dead to be taken up
they cry out, failing, failing! their cries rising
in waves skill as the skillful yachts pass over. - wcw

by Anonymous
on Mon, 11/30/2009 - 17:40
#146843

Wow.

At first i was sneering, searching for the flaws
but as the passage revealed itself,
the windings natural and traversable,
the foliage green and lush,
dew moistened mulch smooshing underfoot
releasing earthy bouquet

I realized the author a poet of great skill

and was going to gush my admiration

in some smitten youthful way

when I noticed the wcw

William Carlos Williams
From Wikipedia, the free encyclopedia
Jump to: navigation, search
William Carlos Williams
Born September 17, 1883(1883-09-17)
Rutherford, New Jersey, USA
Died March 4, 1963 (aged 79)
Rutherford, New Jersey, USA
Occupation Writer, Doctor
Nationality United States
Literary movement Modernism, imagism

William Carlos Williams (September 17, 1883 – March 4, 1963), also known as WCW, was an American poet closely associated with modernism and Imagism. He was also a pediatrician and general practitioner of medicine. Williams "worked harder at being a writer than he did at being a physician," wrote biographer Linda Wagner-Martin; but during his long lifetime, Williams excelled at both.

http://en.wikipedia.org/wiki/William_Carlos_Williams

by Anonymous
on Mon, 11/30/2009 - 17:23
#146810

Signs of the Sensitivity of the Iranian -- correction, ZH -- Powderkeg

WOW! Tyler, Marla's playing with matches again ...

by Anonymous
on Mon, 11/30/2009 - 17:34
#146833

I have a question?

What's going to happen when the Semitic types go 'You're being anti-semitic' and they're all 'Yeah' with no apologies.

by JamesBrrando
on Mon, 11/30/2009 - 17:44
#146847

once again

its killing time

lol

by Lou629
on Mon, 11/30/2009 - 18:00
#146868

There was a similar incident sometime about march of '07 iirc, when Iran 'captured' a half dozen or so royal navy sailors for 'spying' in their waters.  The rn types were eventually released unharmed after a short stay with their hosts.  What i can't recall is what happened to the price of oil back then, and wonder if that could have been the start of the ultimate run-up to $147 seen last year? Any thoughts?

by cougar_w
on Mon, 11/30/2009 - 18:16
#146892

My feeling is the Iranians are signalling a willingness to close the Straits. The poop hits the blender if they lay mines or string a blockade. With all the posturing on "10 more U enrichment plants or die" and the expectation that Israel is going to bomb their uranium assets to ratshit... this is to be expected. 30% of oil exports from the region pass thru the Straits. The threat of choking that off during a significant economic downturn in the West might be enough to get the diplomats running around and issuing statements about the importance of defending Iranian sovereignty, regional peace, etc etc.

As Black Swans go, this was (ironicially enough) anticipated.

cougar

by AN0NYM0US
on Mon, 11/30/2009 - 19:31
#146980

make no mistake Iran's levearge is their ability to shut down/disrupt the Strait,  therefore unless they act first, job one for  Israel/US will be to eliminate that ability   

by WaterWings
on Tue, 12/01/2009 - 12:06
#147793

Iran has some of these anti-carrier babies:

 

... launching platforms for Russian-made 3M-82 Moskit anti-ship cruise missiles (NATO designation: SS-N-22 Sunburn), a weapon for which the US Navy currently has no defense.

 

http://www.rense.com/general59/theSunburniransawesome.htm

by Anonymous
on Mon, 11/30/2009 - 18:57
#146939

The rhetoric is heading to conclusion. Have to invade subtly this time.

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