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This chart from Nomura shows that up until recently CDS spreads and the price of oil were pretty tightly correlated across the Middle East. It makes sense. Higher oil equals more government revenue, etc.
Pro-democracy protests in Bahrain have shown no sign of decline after almost two weeks. The protesters are demanding the resignation of the government, constitutional reforms and the king s abdication.
The global banking cartel, centered at the IMF, World Bank and Federal Reserve, have paid off politicians and dictators the world over — from Washington to Greece to Egypt. In country after country, they have looted national economies...
China approved property tax trials on some homes in Shanghai and Chongqing, adding to measures announced earlier this week in its campaign to curb real-estate speculation and asset bubbles. Both cities will begin trials for the levy today, following
At one point the price of Brent Crude spiked on the London market, hitting $119.79 a barrel – $8.54 higher than when trading started yesterday morning.
Germany will make a fuss and then go along.
Oil surged more than 7.5% to its highest since August 2008 on concern that uprisings in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia. Brent crude oil for April spiked up $8.54 a barrel to a peak of $119.7
Saudi King Abdullah returned home on Wednesday after a three-month medical absence and unveiled benefits for Saudis worth some $37 billion (23 billion pounds) in an apparent bid to insulate the world's top oil exporter from an Arab protest wave.
Our advice to Italy, which imports 425,000 barrels of oil each day from Tripoli: "Panic." Following yesterday's Force Majeure announcement from Libya which meant that oil production and exports will continue only for a few more days...
"That is our concern, regardless of the margins of disruption, if the $100 per barrel of oil is continued in 2011, the burden of oil to the global economy is as bad as 2008," Nobuo Tanaka, the Executive Director of the International Energy Agency...
On the Alex Jones Show today, pastor Lindsey Williams will reveal new bombshell information detailing the plans of the globalists revealed to him by his inside sources. The new information will dwarf anything Williams has revealed in the past. The ne
Libyan violence weighs on stocks as oil prices spike; New Zealand quake shakes currency
The last time the oil price lost all sense of gravity, as it threatens to again with the price of Brent crude now well north of $100 a barrel, it helped tip the world economy into the deepest recession since the 1930s.
Moody's Investor Services has cut its outlook on Japan's credit rating to "negative" from "stable" citing concerns about debt levels.
The protests that have rocked the Middle East have found their way to the Midwest, as problems from a bad global economy has sparked these demonstrations.
As I write this, Simon Black is onstage, addressing more than 300 people in Panama City, Panama as we begin our unique workshop on internationalizing your life and assets.
President of Iceland Ólafur Ragnar Grímsson just announced in a press conference that he will not sign the new Icesave legislation but instead send it to a national referendum. He reasoned that the majority of the nation wants to vote on the...
From the when all else fails department As a follow-up to the story on the results of the G20 meeting in Paris, this picture caught Tim Geithner, apparently an amateur magician, attempting to levitate the yuan from its artificially maintained leve
The topic ... is the global economy going up down or sideways, can 20 nations with conflicting agendas agree to anything and is the G20 a help or hindrance? ... Discuss (Coffee Talk, SNL) What the actual G20 statement actually says or mandates, if
One of the things that always intrigued me about Panama is how quickly this place moves… it was among the first things that I noticed when I first started coming here almost 10-years ago– there’s always something major happening.
Financiers and other wise men to the rescue.
Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.
In documents seen by the FT, the project is just one of a series of Chinese proposals that would boost transport links with Asia and improve Colombia's creaking infrastructure -- a priority of Mr Santos' administration.
Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen. Clothing prices are expected to rise about 10 per
On September 21, 2010 I published an article entitled “More Forensic Evidence of Gold & Silver Price Manipulation”. In that article I showed how silver from 2003 to 2010 had never traded freely at all; I showed that silver was algorithmically traded
Now that it has passed Japan to become the world’s second-largest economy after the United States, China is considering the next step as a world power: making its money a global currency.
The grocer, a Real American Hero, is the public face of a long line of millions of strangers from around the world who, pursuing their own self interests, truly enable the American standard of living.
Host:
Ernest Hancock
Powell Gammill - In Studio / Ghada Talhami - Emeritus professor in the department of politics at Lake Forest College - "There's a Reason Public Opinion in the the Arab World Isn't Pro-American" Author: "The Mobilization of Muslim Women in Egypt." Ami
Host:
Ernest Hancock
Powell Gammill - In Studio / Ghada Talhami - Emeritus professor in the department of politics at Lake Forest College - "There's a Reason Public Opinion in the the Arab World Isn't Pro-American" Author: "The Mobilization of Muslim Women in Egypt." Ami
The US fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating. The kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.
