La corruption de chaque gouvernement commence presque toujours par celle des principes.
The corruption of a government commences, almost always, with the decay of principals.
Les républiques finissent par le luxe; les monarchies, par la pauvreté.
Republics end in opulence, and monarchies end in poverty.
(Opulence equals Obama million dollar plus Limos, of which he has multiple, and Air Farce 1.)
Charles de Montesquieu
TGIF. I want to thank the Lord who by a series of miracles helped me keep this blog up while under IT assault all week. I humbly acknowledge his grace and help. There are many people who would like to silence my pen and wish me haste to the next world.
No use wasting time as the week is spent, and the English traders in London were just not at their desk at London’s opening and only drifted in for a while. There were some enormous payouts announced to the banksters of England and I suppose they were celebrating Lord Osborne gutting Granny’s Pension as well last night. Mr. and Mrs Goldsmith would do well to heed Montesquieu. The FT lead with an attack on Spain’s budget and economic woes this morning and London ran the CDS spreads , and 10 years up to 5.5 pc, and they closed their trade out. England grows nothing and they produce nothing, so all they have is tourism , and piracy aka the City of London, or theft. Even Cameron says ‘we are a trading nation’ to the EU Parliament.
Gold as the ZGR mentioned yesterday loves economic weakness in a time of money printing. Ironic that Bernanke is holding a conference to peddle the notion QE is not inflationary today. The FED sent the hawks out before the housing data to talk up the FED’s inflation fighting bona fides, although the FED is inflation ,along with the POO (price of oil) which is highly manipulated up by London. The Feb. new housing data made the FED hawks look like fools or gold manipulating shills, especially as the Jan. data was revised downward. Despite a gold buyers strike in India the paper gold shorts were forced to a near 20 dollar retreat as gold surged to 1660+ on weak USE data. Silver kept its head above $ 32. They may hit it in the thin after hours e-access but the ZGR will be put to bed. I suspect the Bernanke conference is really to determine how they can continue to print and smash gold.
In gold shares, Randgold and Iamgold, seemed to hit their bottom and the most naked shorted stock-thanks to the corrupt Canadian Markets, which Ferdi even admitted in 2006 were naked shorting the stock- GBG lead the leader board in short covering as it rose to a lofty 70c! In the Jr share market, Gravity followed Egold and sold some very valuable property in the Newton’s Apple trend. They got a great price and 2 pc NSR. There was a bidding war between ARC and the main miner on that belt. Still Arc has a far superior land position to N in that trend. So we know why ARC raised the extra money. This selling of such great property by Egold and Gravity tells you Goldman and JPM and Barclays etc are squeezing the venture capital market for resource stocks for capital as well as naked shorting them to death. May the Lord Recompense the evil people like Blythe Masters from England who engage in this.
Bill Gross came out said the UST market was in a multi-year bear market. Of course with QEn who knows when that will become tradable? Obummer nominated Kim Jong Ill..er Jim Yong Kim to the WB CEO in a move to placate the BRICs who despite their ‘demands’ have not paid up in Gold and dollars to run the IMF/WB like the USA has. He thwarted three demanding Hebrews, Larry Summers whom the Hebrews in London say he is literally a “Prince’, Jeffery Sachs from ‘that’ Sachs family, and the fat-ugly Lesbian Rockefeller in-law ,Shillary. He is a medical Doctor. The WB has had a lot of reform since Stiglitz was there, it the IMF run by the French -Hebrew and Jacob Rothschilds protege Lagarde that has the power. More disappointing Earning previews hit the markets after the close yesterday. JPM came out and admitted it settled a fraud case for near $350 million with the large mutual fund AIM that was swept to the very, very back page of the NYT. I’m continually amazed Dimon and Blankfien, both Hebrews, are not in jail for mortgage gate along with the Hebrew Corzine.
In Europe we can be sure this Toulouse incident was all the focus and rage of the Hebrew community and took up all the attention of Europe in the press. I will provide more intelligence on this tonight the Lord willing. Sarkozy got a near 5 pc bounce in the polls and wants to jam the same police state they have in England upon the French. Clearly Sarkozy is as evil and as mad as Cameron and Obama and must be thrown out office. Le Pen’s support fell the most in the polls. This was clearly an operation run by French Intelligence whom Sarkozy has stuffed with Hebrews , contacts tell me. Baroness Ashton of England is in deep trouble with her cousins for pointing out this was no different than Hebrews who shoot Palestinians in the head , in not such direct terms. Hebrew supremacism is so overt and distasteful and violent some of the French blogs I read seemed to think this was long over due blow-back. None seemed to comprehend how cynical Sarkozy is, and how desperate the English Rothschilds are to keep him in power.
Some very corrupt Swiss -French currency trader is actually suing JPM in London as they made a typo of on his contract and offered him 3.1 million a year as a base salary when they meant to offer him .31 million a year. Actually he has a name common to the Swiss Hebrews. London appears very sympathetic to his case. These Hebrews know where to go to apply Talmudic law to their cases-London!!
I covered the world oil supply situation in depth last night. Anyone who believes the market is not very well supplied is simply conned by these many people like ZH, who appeared to take the lead from London to attack APPL stock today. Actually Russia’s Ural blend is so similar to Iran’s biggest selling blend ,Iran could easily send that oil to Russia through traders, and then it could be resold as Russian oil. Still contracts have to be hammered out. Iran is going to fight like made to retain its customers. That said the Sauds are drilling like England is going to wipe Iran off the map. In 24 more months they will have 5 MBPD capacity over the 10 MBPD they are pumping at , and will be at 14-15 MBPD. So it looks like the London powers plan to wipe Iran out, just not yet. 24 months from now.
I don’t know why people think they can lecture me about the petroleum market given the amount of seismic I shot, wells I logged and flow tested in the middle east and the number of professional journals and rags like PWI I subscribe to. I know where it all is in Iran, Iraq,Saudi, Libya, Egypt, Sudan and Somalia as that was ‘home base’ for a long time. Arabia has so much oil you giggle at the theft of 120 dollar Brent and how the masses are conned into thinking oil is scarce with this peak oil nonsense. BP is gouging the world for with their corner in London that is it pure , plain and simple.When even the Presidents of XOM/RDS/CVX say oil should be at 70 a barrel you people should learn to shut up and listen to your betters and not the peak oil horror-core clowns.
Come back when you get you PHD in Petroleum engineering and have worked 10 major basins in the middle east. Oil right now is about redirecting tanker fleets and finding capacity for the Arabs sour and relatively lousy oil. Just like the Americans in the Bakkens are jammed up and cant get to global market and refineries, so the Sauds oil is a bit jammed up as they look for tankers and refiners. Tanker and refiner supply contracts take a long time to negotiate. I’m really, really sick of these peak oil bulls. Professionals look at you people either as clowns or evil ZH/Goldman Sachs/BP shills. 99 pc of all people would do better to invest in technology than natural resources. People promoting peak oil are doing Prince Charles and Al Gores dirty work and helping BP with their corner. BP is a hedge fund not an oil company. There job is to set the world oil price with the banksters. Please spare me your BS that Americans through Europe under the Bus. Cameron leads the war madness and impose the global sanctions. Europeans screwed themselves but not having the engineering horse power like we Americans to refine sour oil efficiently. Actually Europeans tossed Americans under the Bus as Cameron, Sarkozy and Berlusconi, the three Hebrews murdered their kin Qaddaffi. The Libya war was a Hebrew civil war. Anyone whose worked in Libya knows Qaddfi had a Sephardi-Italian father and Libyan Sephardi mother. It was the Arab joke of North Africa 40 years ago. Americans had ZERO oil interest in Libya and Al Qaddafi was deep in bed with Prince Andrew and Nate Rothschilds and BP, and Sarkozy and Total and ENI and Berlusconi. Al Qaddafi ‘taxed’ the USA multinationals out of business around 4 years ago to move their fields to England to replace the declining North Sea. Europeans ‘royally’ screwed and blamed Americans for their mess in Libya and tossed Americans under the buss like they did in WW1 and WW2. Even AEP admits his father ran Libya for the Crown. Qaddafi is a Sandhurst boy. He was a made man by his Hebrew Kin in England. MI6 wrote his sons PHD thesis at the LSE! Can I make it any clearer? Let me know what you don’t understand about oil and the politics thereof!
Here are today’s scores. USA prices are around at 1600 EST.