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The Nationalizations Begin: Argentina Takes Over Oil And Gas Producer YPF
Update 2: SPAIN SEES FIRMS' INTERESTS AS NATIONAL INTEREST, OFFICIAL SAYS; SPAIN ANALYZING RESPONSE TO ARGENTINA OVER YPF, OFFICIAL SAYS. Oops.
Update: TRADING HALT: YPF (NYSE)-NEWS DISSEMINATION. Translation: YPF shareholders - you have been Corzined. The money has vaporized. Jon Corzine has been appointed to the newly formed Argentina based Board of Dictators. Have a nice day
There are those who naively believe that any time the tables turn against a government, that government will quietly sit in the corner and play by the rules as its power erodes to zero. Probably the best example of just this is Executive Order 6102 when FDR, in a country that supposedly honors contract laws, issued Executive Order 6102, which effectively nationalized all private gold, no questions asked. And while we may not be there just yet, we are getting close, as demonstrated by the most recent developments in Argentina, where president Cristina Kirchner asked Congress to "expropriate" oil and gas producer YPF (which is majority owned by Repsol YPF) thereby "allowing the government to share ownership of the company with oil-producing provinces, a spokeswoman for Ms. Kirchner said Monday." What is the pretext for this move formerly associated almost exclusively with lawless, "communist" third world banana republics? Why "hydrocarbon self-sufficiency" of course. How soon until any and every government follows suit in a world in which excess liquidity sloshing around makes expropriation of vital energy producing assets a key prerogative? And how long until the resultant (accelerating) collapse in faith of the monetary system, leads government to declare "monetary self-sufficiency" and confiscate everything that is not nailed down. In exchange for worthless pieces of paper of course. Just to make it "fair". And just to return the favor, the market just sent Argentina CDS up by 60 bps, to just shy of 1000 bps. You know, because it's only "fair."
More on this sad development from the WSJ:
The mismatch in Argentina between rapidly growing energy consumption and languishing oil production after a decade of accelerated economic growth appears to be spurring the country's increasingly aggressive stance on YPF. Consumption of oil and gas increased 38% and 25%, respectively, from 2003 to 2010, but oil and gas production decreased 12% and 2.3% in that period, according to Barclays Capital.
Argentina has had to rely increasingly on costly imports. The energy trade balance swung from a surplus of about $2 billion in 2010 to a deficit of about $3 billion in 2011. Making matters worse, Argentina is increasingly strapped for dollars to pay for energy imports, as it has been coping with a wave of capital flight.
Mrs. Kirchner blames years of declining oil and gas output on companies that she says haven't invested enough. Following her cue, provincial governments in recent weeks have rescinded more than a dozen of YPF's production concessions and unleashed a wave of vitriol against the company.
But critics and industry officials say government policies such as high taxes, price caps on home energy rates and unpredictable rule changes like a suspension of tax breaks on production spending have discouraged investment.
Needless to say, it is all YPF's fault it is being nationalized. As for will determine the value of equitable compensation?
The bill calls for YPF's shareholders to be compensated at a value to be determined by a federal tribunal.
Not just a tribunal, but a tribunal which promises to deliver a fair and equitable transfer of monetary equivalents to those saying goodbye to their real assets.
Incidentally, nationalization always and without fail, lead to a collapse in efficiency, productivity and output. We can't wait to see as more and more commodity producers are "expropriated" only to see their outputs plunge, in the process sending the price of whatever commodities are currently in circulation and/or warehoused through the roof, thus leaving the expropriators far worse off than if they done nothing.
Finally, here are the Repsol YPF shareholders who will be less than delighted with this harbinger of what is to come.
All we can say about the big Spanish bank holders: nothing like being kicked when you are down.
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The time to decide is upon us all, fascism or socialism? I know which the US will go with full tilt.
I don't want either , thank you.
nor communism !!
Argentina is a mildly-amusing sideshow.
The real story is Europe, and what is about to tear it into tiny little pieces. This isn't a black swan, it's the KRAKEN.
so this piece implies everyone of you going and handing your gold in. Make sure you obey!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
What are you wearing to the Resource Wars?
all your hydrocarbons are belong to us...
I'd prefer nationalizing US oil to ME paying for this depression.
Well the first thing you know old Jed's a millionaire...
the kinfolk said "Jed, move away from there"...
they said, Argentina is the place you oughtta be...
So they loaded up the truck and they moved to Buenos Airee......
:-)
But man, marxist warrior, street ganglady KK showed her hand eh?
All in all though, much as the white world might want to get their knickers in a twist of un-safe havens for their multi-nationals, they are the original rape artists. They deserve it. I say nationalize it all.
Let each nation figure out it's own wants and needs. And don't say that people cannot runt he plants. Perhaps Plant and machinery is fair exchange, piad for. But not this ownership strangle-hold and major profit repatriation overseas that most oilcos have practised.
Look at BP and NIgeria. Look at BP and anywhere. Exxon Valdez comes to mind.
Burma Shell.
They deserve it.
But is this the balck swan for Spain/Santandar? if Santandar is involved, watch out below.
ori
stream-of-consciousnesstwo
"They Deserve it".
Why don't you Hindis bitch about the Mughuls? I mean come on, they invaded, raped, pillaged and enslaved you a couple of hundred years before the portugese and the british.
I don't think they get brought up as much because they're moslem. And we all know that moslems play by a different set of rules. More, shall we say, traditional rules.
Or how about those Aryans? They invaded way before that, and brought you that wonderful caste system after they raped, pillaged and enslaved. No complaints there either, huh?
Europe and America have simply made the mistake of trying to improve the station of others. If they had picked up on the old Roman methods of annihilations, enslavement and colonialism in the ancient sense we wouldn't have this incessant pissing and moaning.
goddamn age of enlightenment hippies. Socialist do gooders will be the death of us all.
So now, for bringing medicines, electricty, clean water, copious amounts of food and that funny thing called equal human suffrage and rights to the world, we get demonized.
When Old Uncle Sam finally hears enough, says Fuck It and ties on a mean drunk, you'll have a reason to complain.
C'mon LF, that was then, this is now.
This rape is current. You represent the anonymous face of the white man's "bringing goodness and civilization" to the barbarians of the east, heathen, un-cultured.
It has been singularly and in every aspect been proven, beyond a shadow of doubt that white nation's intervention in any other nation's affairs has ended badly for the other nation.
It's been a pretty continuous rape for well nigh 600 years now from the Eurozone LF, so just face it. It's all good, but we can deal with what is now, NOW.
Uncle Sam.....hmmm.....I went to school in Troy New York, the home of Uncle Sam... too funny. I think Uncle Sam needs to look inside his own striped pants nad see that all si well and peaceful, and leave the world to do like-wise.
ori
ORI,
China is about to nationalize all the western high tech assembly plants.
It will be a fair exchange, as China will pay with T-bonds and euro-bonds it wants to dump anyway.
Timing, timing....
Hardly anyone obeys the Prime Directive these days...
YPF was a state consortium to begin with. PUBLIC PROPERTY.
It was given away by the Argentinian elite, so they could bathe in luxury (for a while).
at 0:58:05 in (but it's worth watching as a whole, since this will be the future of the USA - until the popular revolt in Argentina - I'm not so sure about that in the USA)
https://www.youtube.com/watch?v=Zsqa-YHE36A
No kidding, whodathunkit?
Shit just got real, baby.
All your oil are belong to us!
I was hoping to wear Blythes silver shorts......on my head!
Sure, show up at my door..the hung over easter bunny has a surprize...be sure you dress in appropriate casual attire.
http://www.meattradenewsdaily.co.uk/news/140112/argentina___real_inflati...
RELEASE THE KRAKEN!!! Oh, was I too soon?
Fitting, since Argentina is where many former Nazis landed
Argentina is a valuable cautionary tale. They've tried socialism, fascism and nationalism with little positive affect. Many say the USA will follow Japan's sorry path. No such luck. We will soon be Argentinians. Get out your pots and pans, everybody!!!!
I agree with all of you, Bakunin Anarchy or Enlightened Despot are the best choices we have now.
If you are in the U.S. or Europe, that decision has already been made.
They may think they have made their decision, but we will see how this all plays out.
we will indeed. long black markets and local thugs.
How soon before "We are all Argentinians, now"?
We're over 50% now. Call it when you are ready.
did everyone get their tax returns in on time in the old currency because its almost on like donkey kong
Hell yea! Look what is already happening here.
http://www.shtfplan.com/headline-news/executive-order-federal-government-to-take-control-of-domestic-natural-gas-production-epa-set-to-move-within-one-week_04162012
Look like a coordinated effort from around the globe?
You can be sure it is coordinated ... Ordo ab Chao.
Must read for everyone:
HOW TO ESCAPE A CONCENTRATION CAMP
http://losangelesfreepress.com/images/M68NAH23103BX.jpg
http://losangelesfreepress.com/images/M68NAH23116CX.jpg
http://losangelesfreepress.com/images/M68NAH23122CX.jpg
Speaking of...
http://endthelie.com/2012/04/12/first-new-concentration-camps-in-europe-set-to-sprout-on-greek-soil/#axzz1rseGYZnR
"In language that might have been lifted straight from the Nazi lexicon, these establishments will be known as ‘closed-hospitality’ centers.
The incarcerates will be undocumented – meaning unwanted – refugees flooding in from North Africa, particularly the once prosperous and richest country in the Maghreb belt, namely Libya.
Most of the Mediterranean countries are in the thick of the refugee tide, but Greece is so far the only country that plans to compulsorily pen them up.
The first ‘reception center’ is scheduled to open at a former army base near Athens in the next few weeks."
I've been reading about that, the reeducation camps are built by Israeli contractors.
Oh sweet irony. Let us not forgot the past to avoid repeating it.
So you think illegal immigrants are directly comparable to prisoners of war?
"Currently it can be safely estimated that there are 1 million illegal immigrants “in transit” from Turkey to Europe and many of them will end up in Greece and allocate themselves in the newly founded ghettos in the centre of Athens, in the port of Patras or in various locations in the countryside, thus adding up to the 2.5 million illegal aliens already present in Greece."
This in a country with a population of just over 11 million.
http://rieas.gr/index.php?option=com_content&task=view&id=812&Itemid=89
Meanwhile in the US..................
"On any given day, more than 32,000 people who are not American citizens are held in detention in a patchwork of county jails, privately run prisons and federal facilities while the government decides whether to deport them. In the year ending Sept. 30, 2008, more than 407,000 people spent time in custody, according to Immigration and Customs Enforcement."
http://topics.nytimes.com/top/reference/timestopics/subjects/i/immigration_detention_us/incustody_deaths/index.html
re: how to escape the concentration camp.
Tad out of date, assumes things like "due process". Love the reference to "Flaming Faggot Guises".
Make your time
http://www.youtube.com/watch?v=8fvTxv46ano
You'll have both and you'll like it (after a stint in a re-education camp).
How soon until any and every government follows suit in a world in which excess liquidity sloshing around makes expropriation of vital energy producing assets a key prerogative? And how long until the resultant (accelerating) collapse in faith of the monetary system, leads government to declare "monetary self-sufficiency" and confiscate everything that is not nailed down. In exchange for worthless pieces of paper of course. Just to make it "fair".
One answer for both Gene and the above question....
"....and poof, it's gone!"
While confiscating everything and handing out the worthless pieces of paper I suspect they will collect much lead until the burden causes them to keel over.
can we try how they do it in Bhutan for a few years because it can't be any worse than what we've got now.
Happiness Index, FTW!
But they've been compromised too. Sadly by India, who is helping them de-velop a true british style demoncrazy!
ori
appreciate the posts/insights ori...hapiness something not encouraged in the west as there's no way to tax or profit from it yet. radical idea that hapiness thingy
Thanks GH and yes, can't tax it, won't allow it seems to be the dominant theme west-side, eh?
ori
There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.
- Garet Garrett, The Revolution Was (1938)
Fascism, Socialism, Communism ? There is not a RCH (Red Cunt Hair) of difference ? Monedas 2012 You can throw Trotsky-ism in there too ! This not the 1930s when the "perceived differences" were to kill for !
That's because everyone is still working in the wrong idea-space.
The issue isn't which of the above - it's "state-ism". Once the state devours all, it kind of doesn't matter what they call themselves.
I do NOT welcome our new statist overlords.
Right ! A real alternative would be a limited government democracy ! Like ours used to be....and evolve towards more freedom....not less ! Monedas 2012 Comedy Jihad Shit Happens
Precisely!
STATISM = FASCISM + SOCIALISM
Two for the price of one (and more than you can ever afford).
euhm, let's call it by the old nomer ok?
Mussolini quote: 'Fascism should ... be called corporatism'And this is diff from the EO Barry signed last friday in re Nat Gas..............?
Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources
Signed 13 Apr 12
Let's ask Maxine: http://www.youtube.com/watch?v=OrA9zj94NuU&list=FLeGAOM7ibPwtPLGNel9UVBA&index=9&feature=plpp_video
the US currently has fascism.............
Fascism ( /?fæ??z?m/) is a radical authoritarian nationalist political ideology.[1][2] Fascists seek rejuvenation of their nation based on commitment to an organic national community where its individuals are united together as one people in national identity by suprapersonal connections of ancestry, culture, and blood through a totalitarian single-party state that seeks the mass mobilization of a nation through discipline, indoctrination, physical education, and eugenics.[3][4] Fascism seeks to purify the nation of foreign influences that are deemed to be causing degeneration of the nation or of not fitting into the national culture.[5]
Fascism promotes political violence and war, as forms of direct action that create national regeneration, spirit and vitality.[3][6] Fascists commonly utilize paramilitary organizations for violence against opponents or to overthrow a political system.[7] Fascism opposes multiple ideologies: conservatism, liberalism, and two major forms of socialism—communism and social democracy.[8] Fascism claims to represent a synthesis of cohesive ideas previously divided between traditional political ideologies.[9] To achieve its goals, the fascist state purges forces, ideas, people, and systems deemed to be the cause of decadence and degeneration.[10]
The fascist party is a vanguard party designed to initiate a revolution from above and to organize the nation upon fascist principles.[11] The fascist party and state is led by a supreme leader who exercises a dictatorship over the party, the government and other state institutions.[12] Fascism rejects liberal democracy based upon majority rule and the parliamentary system but fascists deny that they are against democracy as a whole.[13] Fascism condemns liberal democracy for basing government legitimacy on quantity rather than quality, and for causing quarreling partisan politics.[14] Fascists claim that their ideology is a trans-class movement, advocating resolution to domestic class conflict within a nation to secure national solidarity.[15] It claims that its goal of social nationalization of society emancipates the nation's proletariat, and promotes the assimilation of all classes into proletarian national culture.[15] While fascism opposes domestic class conflict, fascism believes that bourgeois-proletarian conflict primarily exists in national conflict between proletarian nations versus bourgeois nations; fascism declares support for the victory of proletarian nations.[16]
Fascists advocate a state-directed, regulated economy that is dedicated to the nation; the use and primacy of regulated private property and private enterprise contingent upon service to the nation, the use of state enterprise where private enterprise is failing or is inefficient, and autarky. It supports criminalization of strikes by employees and lockouts by employers because it deems these acts as prejudicial to the national community.[17]
You can add Chile, the coup d'etat by the CIA (September 11, 1973) and the installation of Gerneral Augusto Pinochet to the list. All bought to by "The Chicago School of Ecomonics" Milton Friedman.
In the years leading up to the coup, U.S. trainers, many from the CIA, had whipped the Chilean military into an anti-Communist frenzy, persuading them that socialists were de facto Russian spies, a force alien to Chilean society-a homegrown "enemy within". In fact, it was the military that had become the true domestic enemy, ready to turn its weapons on the population it was sworn to protect.
Roughly 13,500 civilians were arrested, loaded onto trucks and imprisoned. Thousands ended up in the two main football stadiums in Santiago, the Chile Stadium and the huge National Stadium. Soldiers prowled the bleachers with hooded collaborators who pointed out "subversives"; the ones who were selected were hauled off to locker rooms and skyboxes transformed into makeshift torture chambers.
More than 3,200 people were disappeared or executed, at least 80,000 were imprisoned and 200,000 fled the country.
The proposals in the final document bore a striking resemblance to those found it Milton Friedman's Capitalism and Freedom: privatization, deregulation, and cut to social spending (Austerity)-the free-market trinity.
Sound familar? Chilling is the September 11th date. And where did Chile's military learn the torture techniques? You guessed it. From the CIA and The School of The America's.
One thing is missing: IMF and its global pillage since BW. All in the name of the unwitting US taxpayer.
A simpler definition is;
Fascism=corporate control of government.
Communism+government control of corporatism.
Everything else is pretty much the same for the serfs.
Well said. Or like Davila, a Colombian ,put it : what is the
difference of being ruled by a small group of shareholders
or a politburo ?
"fascism or socialism?"
It's called peronism which is both.
We don`t cry for you Argentina.
The truth is, we never loved you.
I think they never loved you either, man.
Kind of like a jilted lover ? ;-)
I think they never loved you either, man.
Read this this morning. Looks like shit is moving faster than expected.
http://theautomaticearth.org/Energy/downstream-demand-destruction-for-oi...
Downstream Demand Destruction for Oil THURSDAY, APRIL 12, 2012 12:53 PM ne of the most pronounced trends in the Western world since the onset of the global financial crisis has been the plummeting demand for petroleum and the subsequent losses for the refinery industry, which has been squeezed by a combination of declining credit availability, higher prices for input crude and lower demand/prices for refined products (over-capacity). This ever-deepening trend was discussed on TAE earlier in Petroplus - The Tip of an Iceberg.What we are witnessing within the refinery industry and the petroleum industry in general is a situation in which higher prices, mainly fueled by leveraged speculation, geopolitical tensions and rising demand in the East, are burning themselves out by destroying demand in a positive feedback spiral. Here is a portion of the conclusion reached in the post linked above:
For those who think that oil prices can only go up, up and away from here on out, I am still waiting to hear how plummeting demand for crude oil from refineries, which are now dropping off like flies, will contribute in the short-term. Some may argue that the developing economies of the East will single-handedly keep prices elevated, but they are ignoring a) the speculative premium built in to oil prices and b) the fact that these emerging economies do not exist in a bubble that is isolated from the effects of demand destruction in the West, i.e. a decoupled global economy.
Demand for oil is certainly still rising in the emerging economies at a rate faster than demand is falling in the West, but the question is how long before the latter burns out the former. In our hopelessly inter-connected global economy, there is little doubt in my mind that it will happen, just like higher oil prices will burn themselves out by feeding back into downstream demand destruction in the refinery industry and businesses/households. Anyway, here is the latest on the Iceberg that has had its way with Western refineries, courtesy of the Financial Times:
gully - many thanks.
citta vritti
Reading that is confusing.
Really how does a refinery lose a BILLION dollars when prices are at an alltime high?
I suspect something very fishy is happening and someone needs to connect the dots.
Price in gold for your answer.
The dollar bubble is causing malinvestment. It's really very simple.
I guess Marcus Hook didn't see the future coming down the road to meet them. Either that or they didn't care and looked for govt bail-out when the time came.
What part of 'evolve or die' doesn't their management understand. I think they owe their communities an answer.
theprofromdover
Somebody counted on a pipeline.
Funny that the quote is from a Labor Union guy.
"You've got crude oil in this country. It's just a question of getting it to where the refineries are," says Denis Stephano, labour union president at ConocoPhillips's mothballed Pennsylvania refinery. In his union hall, Mr Stephano points to a map of the US's piecemeal pipeline system, which hangs next to a placard reading "Save refineries, save lives!"
The Nazis and Facists were socialists, even if Stalin claimed otherwise.
yes - nazi = national socialist
These Globalist's aren't even hideing it anymore. They're all moving in unisome.
Executive Order: Feds To Take Control of Domestic Natural Gas Production
EPA Set To Move Within One Week
While Americans focused their attention on the Colombian controversy involving U.S. Secret Service agents, prostitutes and excessive drinking, President Obama quietly signed his latest Presidential Executive Order.
The Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources Executive Order seeks to create what amounts to a Presidential super committee that will oversee the regulation and development of the ‘unconventional’ natural gas industry for the purpose of ensuring a long-term natural gas supply for the United States, as well as to do so in a safe and environmentally responsible manner.
The target of the legislation is what many believe is the unrestricted and out-of-control drilling practices of hydraulic fracturing, or fracking, a process which blasts water, sand and chemicals underground to stimulate the release of natural gas. Fracking has led to health concerns from environmentalists and others for its potential to pollute the air and contaminate drinking water. Some theories also suggest that fracturing may raise the likelihood of earthquakes in areas like the central United States, an argument that many scientists agree is plausible.
http://www.infowars.com/executive-order-federal-government-to-take-control-of-domestic-natural-gas-production-epa-set-to-move-within-one-week/
Let me fix something for you.
"The target of the legislation is what many believe is the unrestricted and out-of-control drilling and marketing practices of largely independent natural gas companies."
Once we get these companies all aggregated and regulated, the market will be orderly, just like oil.
GeneMarchbanks
And what timing
http://dailycaller.com/2012/04/16/obama-throws-u-k-s-cameron-under-the-b...
April 16, 2012 Obama throws U.K.’s Cameron under the bus over FalklandsOnly a month after lavishly praising U.K. Prime Minister David Cameron, President Barack Obama ditched him at a press conference in Colombia.
Obama’s turnabout came April 15 when he was asked about Argentina’s demand for control of the Falkland Islands, which are home to roughly 3,000 British citizens. The islands are located in the South Atlantic some 300 miles from Argentina.
“Our position on this is that we are going to remain neutral… this is not something that we typically intervene in,” Obama replied to the question.
Obama also mislabeled the islands as “The Maldives,” partly because Argentina’s government says the Falkland Islands should be called the “Malvinas” islands.
In fact, the Maldive Islands are in the Indian ocean, not in the South Atlantic. They are some 8,200 miles from the Falklands.
Obama’s neutral stance contrasts with his fulsome praise for Cameron and the U.K. during Cameron’s state visit March 14.
“For decades, our troops have stood together on the battlefield… So, David, thank you, as always, for being such an outstanding ally, partner and friend,” Obama declared.
“As I said this morning, because of our efforts, our alliance is as strong as it has ever been,” he added.
The islands have been populated by British citizens since 1833. In April 1982, an Argentinian invasion force occupied the islands, but was ejected by a British fleet that sailed 7,800 miles from the U.K.
The Falklands are now increasingly valuable because the surrounding seabed is expected to contain oil and natural-gas reserves.
In March, Argentinian foreign minister Hector Timerman slammed the U.K.’s plans for oil exploration. Without approval from Argentina, any drilling would be illegal and would prompt civil and criminal charges, he declared.
“The South Atlantic’s oil and gas are property of the Argentine people,” he claimed.
However, Obama’s familiarity with the three-decade-old dispute is unclear.
Neither Cameron nor Obama acknowledged discussing the Argentinian claim during the March state visit.
Also, Obama said the United States “typically” does not intervene in the territorial dispute.
However, the U.S. provided critical aid to the 1982 British naval campaign that defeated the Argentinian invasion force. The aid, approved by President Ronald Reagan, included spy-satellite data and advanced heat-seeking missiles that were used to shoot down Argentina’s anti-ship bombers.
Hey fuck the corporate shitbags. Nationalize when it suits the new crime boss of the syndicate, when it suits thme. No mere person of rights will get shit, as usual.
No fucking honor among thieves anymore.
It looks like Argentina is going to go through another implosion that they went through back in 2000.
Shit it seems that Obama signs a new executive order every weekend.
Nah he doesn't do that while on vacation...We can only hope he works maybe 8 to 5...
Nationalizing oil, bucking the U.S. led war against drug legalization.
Sounds like South America needs to be liberated.
Sounds to me the ones to be "liberated" are far from South America. Say, in the northern hemisphere.
can their Presidents shoot residents without trial yet?
No, it seems trials and the right to defense for people are off up there in the north.
silver wheaton down 4+% today, do you think this is the reason?
That's what is always so funny about the physical gold holders. The government will do whatever it needs to survive, I wouldn't be surprised to see another outlawing of US citizens to own gold and a mandatory price that they have to sell it to the government at. You better not just be burying it in your backyard, better spread it across multiple countries or something because you never know which one will take ownership. Only survival investment that makes sense is guns and ammo, the rest you can accumulate by wisely using your investment
With guns and ammo...and I have to add..training to use them....you can HARVEST the rest
How many gunfights do you expect to win, asshole? Other people have guns, are war veterans’, and train. The real question is, why kind of psychopath wants to go around robbing his neighbors?
What a dick.
careful man, you'll end up on his ear necklace /sarc off.
These tacticool ninja assholes make me chuckle. They'll barge into some poor slob's house lookiing to bag all the canned wax beans and catch the business end of some old Iver Johnson single shot right in the teeth. SAAPI plates be damned.
It's about networks and community. Gats are good, I yell about them all the time, but you need more friends than gats. And water. You need water too, to share with your friends.
best of luck.
Better have omniscience or you are going to catch a sniper's bullet real fast.
Better to just follow the non-aggression principle. That is the path of least violence/threat of violence and most freedom.
Executive orders under color of law violate the constitution.
"An unconstitutional act is not a law; it confers no rights; it imposes no duties; it affords no protection; it creates no office; it is in legal contemplation, as inoperative as though it had never been passed."
[Norton v. Shelby County, 118 US 425 (1885)]
What Constitution?
The one in some Washington DC museum. The president used to swear TO uphold and defend it. Now, he swears AT upholding and defending it.
A real punishment for the suckers who believe the wealth of speculations
So anyway about those silver miners today....wtf?
More to come, Brazil and China are already socialist states (and they are supposed to lead the world's recovery). America is a facist state along with europe. Now let's see, are there any examples of how a facist state has responded to socialism before... ...oh crap.
So YPF is not producing enough, so they get nationalized, this will be great for foreign investment, idiots.
This may serve as a clue:
'In November last year, YPF, which was privatised in 1993, announced a major find of 1bn barrels of shale oil.'
Source: http://www.bbc.co.uk/news/world-latin-america-17725377
Corrupt politicians bullying and stealing from corrupt multi-national corporations, if humanity is lucky enough these two will kill each other off fighting over whatever assets are left.
Hey Global, you reed too much corporative press.
Eva Peron is smiling in her grave somewhere...
Don't cry for me Argentina (oil), the truth is I will never leave you...
"The Nationalizations Begin: Argentina Takes Over Oil And Gas Producer"Yes the 'genius' of this plan is bankrupt politicians desire others peoples profitable enterprises/assets and so literally steal it (this is the entire basis of socialism, Marxism, indeed Govt itself)
The brilliant bit is whatever politicians/Govt touch/manage turns to crap ...give it a few years and productivity and efficiency will tank, commercial management will turn into a tragic political football, the profit will disappear and before you know it what was once a profit bearing growing enterprise is stagnating, bankrupt and ruined (see trains, buses, healthcare, education, housing, etc)
some peoples eyes are bigger than their tummy
"desire other peoples profitable enterprises/assets and so literally steal it"...most of those profitable enterprises/assets were stolen in the first place with the complicity of government, the cycle continues. The solution is in your ZH name.
Well, yes, if you ignore all the other cycles of theft (facilitated by the government) that have already occured. For someone who claims that moniker, you better do a little more homework. Now take that foot out of your mouth. long black markets and local thugs.
Not sure I'm clever enough to decipher your heavy intellectualism but it seems you've lead me to full enlightenment: Private = Good, Government = Bad.
Wisdom for the ages, Thanks.
Well, bad is good and good is bad as the King ran a private government. To what US citizens opposed a republic, that is a public government.
But hey, never stop US citizenism.
AnAnonymous said:
You sure seem to place a lot of faith and confidence in US citizenism.
One wonders why...
I merely observe.
You mad.
No, you merely troll.
That is, when you are not shitting on the side of a Chinese road.
I wish AA would tell us what he "observed" when the chins blew away that MI6 Brit and started the manhunt for that ostentatious son gone bad of that big wig party boss.
Didn't see too much of him last week, did we?
So many non-Chinese online forums to troll, so little time ....
"whatever politicians/Govt touch/manage turns to crap ...give it a few years and productivity and efficiency will tank"
I don't agree.
The market already works to eliminate profit everywhere. (E.g. the theoretical equillibrium in economics is an "evenly rotating economy" where there is no possible opportunity to improve and no profit to be had.)
Without market disciplines, what the government touches will turn into crap - becoming an engine of wealth destruction - within mere days.
I'm not sure about that. Profits should exist, as the indicator that you are delivering what customers actually want.
Unless you are operating in the...shall we say... non-Von Mises world of "economics."
Dr Acula - profits (surplus productivity) have been made for thousands of years, otherwise we'd still be in a cave chumping beatroot
I don't know where you get your "theoretical equillibrium in economics" but i'm presuming some academics backside!
where we don't make a profit is in Govt and monopoly enterprises both of which ultimately go bankrupt once they run out of profitable people to suck off
we at least agree Govt is an engine of wealth destruction
sooner we bin that rotten institution the better (and sooner the green shoots of recovery/profitability)
After having expropriated a bunch of petroleum companies, didn't Mr. Chavez suddenly become...sick?
more specifically, he became putsched
The real question to be asking is:
"How much longer until oil exporters no longer accept other nations' fiat confetti as payment?"
They get more than fiat confetti, they get F-16's. We get oil priced in USD's, they get Raytheon products.
We get oil priced in USD's, they a smaller and smaller percentage of their population get Raytheon products to live well.
I don't see the difference.
I can easily see a day coming when the "governments" of most of these developing nations consist of little more than mobilized armies that run all over the place confiscating things to exchange for more weapons. Until they eventually kill everyone and exchange everything, and go silent. Just massive cemeteries where entire countries used to be.
Imperialism of another sort. Malthusian imperialism, in fact. A cult of death for profit at the end of the world. If I can see it then everyone else can.
You looking for a rig, a rig big enough to haul that tanker?
They nationalize the assets only to privatize them later by "selling" the assets. What a joke.
They nationalize the assets only to privatize them later by "selling" the assets to their rich friends
The Russian oligarch model
You know nothing.
Too bad.
Your brains have been washed up.
Says the kneejerk statist defender of an increasingly out-of-control, quasi-fascist regime.
You disgust me, as does every spineless, submissive pro-authoritarian Quisling like you. You are not a human being, you are a lemming.
they'll be next to worthless after politicians have 'managed' the business for a few years
Kinda like GM?
Kind of like Gazprom.
The simple fact of the matter is that government, of some form, is necessary and that government needs financed. Throughout history, many governments have operated revenue-generating industries to supplement tax income (one need think only of the relationship, through the years, between the English Crown and the British East India Company).
Oil, gas, and coal are obvious and natural industries for government to operate to generate revenue (since oil and gas are under the ground of the "people" and not easily accounted for in any standard property law). If the choice is between taxation and government operating a revenue-generating industry crucial to everyone, I would prefer that government operate an industry. Of course, with modern mobocracy-fascist debtor nations, this is unlikely to sate the state's voracious appetite for resources.
"The simple fact of the matter is that government, of some form, is necessary.."
Ok, what is Govt good at?
You have 3,000 years of history and 300 countries to find something, anything, this rotten to the core institution can actually manage ...go on, find something
The roads LOL.
SLV naked shorts.
is your ass currently sitting in a chair in a safe environment, Is the air you breathing toxic? is the food you eating poison? I love hearing a bunch of fat whiney pansy asses cry about, but what has it done for me.
.
You just keep believing that. The government exists to protect your interests. The USDA is run by Monsanto, but it's for the good of everyone. Hillary Clinton gave her personal OK for food from Japan, so there's no need to run it past a geiger counter. She's looking out for you.
http://www.youtube.com/watch?v=2NQIPVqLMUg
What a bunch of bullshit.
Isn't it enough to simply say that he is wrong? Instead we need to be informed of at least two new conspiracy theories. No wonder people laugh at your comments.
so, you don't believe in conspiracy theories? Contrails from the HAARP will see to you, naysayer. /sarc off
So government invented the chair?
Oh wait, you're right -- the ELECTRIC CHAIR. Bwa ha ha ,.,
Well, if this post is indicative we can cross "education" off the list of "Things Government Does Well."
Yes. Good thing the government keeps the atmosphere in check. Otherwise it would just leave the Earth and we'd all be fucked. Thank God the FDA exist to help me decide whether or not food is edible. Are you shitting me?
I love hearing a bunch of pro-statists, simple-minded peons acting like government, not water, is the key to sustaining complex organisms on this planet. If it weren't for government, the water would have evaporated by now too...
no just poisoned worse than it already is genius.
Governments have been throughout history by FAR the worst polluters --- from the Roman mercury mines of Almaden in Spain to the US Army and Air Force's numerous and vast toxic dumps on military bases around the world.
Killing the inane arguments of brainwashed statists: like shooting fish in a barrel!
Damn! Who knew socio-economic and environmental issues were so easy to resolve. Just place anything and everything under governmental jurisdiction and they wave their magic wand over that shit and it's all good.
I eat healthy and am safe DESPITE government and its corrupt thuggish aparatchiks
.
why yes, it is actually, thank you for asking.
GMO Toxicity: Bt Toxin Kills Human Kidney Cells“Why in the World are They Spraying?” is an investigative documentary into one of the many agendas associated with chemtrail/geoengineering programs, “weather control”.
http://www.whyangels.info/
Controversy Should Not Stop Us From Developing Memory-Erasing Drugs, Neuroethicist Arguesof course, if you live in a parallel reality called DeNial, I'm sure you and yours are healthy, wealthy, and wise. . . eternal sunshine, spotless mind. . .
Didn't I hear this question about Rome in "The Life of Brian" ?
http://www.youtube.com/watch?v=ExWfh6sGyso
There you go, ZG is another idiot troll.
>what is Govt good at?
Governments are better than the free market at providing security services.
Especially when they're securing people in ovens.
Well, at its most fundamental level, the purpose of government is to resolve disputes between individuals or groups over property and person. It is preferable to have government as opposed to tribal vendettas. Like it or not, government is a necessary evil of civilization. The alternative is barbarism.