Saturday, February 18, 2012


News Links, February 19, 2012

## Global Ponzi meltdown/House of Cards ##
Greek Cabinet Tackles Austerity; Rescue Hopes Rise
"Greece's cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro ($171-billion) rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athens reduce its huge debts."
Greece Identifies EU325 Million in Budget Cuts, Papademos Says
Greece "Officially Defaults" March 23, Banks Close
The Greeks continue to rearrange the deck chairs. -- RF

## Fault lines/flashpoints/powder kegs/military/war drums ##
Syrian forces fire on anti-Assad crowd in capital
China supports Arab League's proposals for Syria's violence
"China said Saturday it favored a solution to Syria's violence within theArab League framework and based on the group's proposals, a striking show of support just two weeks after Beijing vetoed a U.N. Security Council resolution backing the league's plans."
Israel calls for tougher Iran sanctions
"Israeli Defense Minister Ehud Barak said Saturday a nuclear-armed Iran would trigger an arms race in the Middle East and nations should impose 'crippling' sanctions on Tehran to force it to give up its atomic program."
I don't hear any talk about sanctions to get Israel to give up its massive nuclear arsenal. -- RF
Barak Says Iran Sanctions Have Further to Go Before Military Strike Needed
Israeli Attack on Iran 'Not Prudent': Depmsey
"An Israeli attack on Iran would be 'destabilizing,' the chairman of the U.S. Joint Chiefs of Staff, U.S. Army General Martin Dempsey, said."
Is a US-Iran War Inevitable? (Daily Reckoning)
Iran warships enter Mediterranean as tensions with Israel grow
At least 24 killed in Russian Caucasus fighting
"Seventeen police and at least seven insurgents were killed in four days of fighting on the border between the Chechnya and Dagestan provinces in Russia's North Caucasus, police said Saturday."
Libya sends army to stop clashes in southeast
"Libya has sent military forces to stem clashes between rival tribes over control of territory in the far southeast of Libya, the armed forces chief said on Saturday, as more people were reported killed in the violence."
Millions of Evangelical Christians Want to Start WWIII to Speed the "Second Coming" ... and Atheist Neocons are Using Religion
Critics: Mexico losing drug war

## Global unrest/mob rule/angry people/torches and pitchforks ##
Eastern Europeans fuel fight for Internet freedoms
"A grassroots protest movement erupted last month in Poland and spread quickly across the former Eastern Bloc and beyond. The growing opposition against the Anti-Counterfeiting Trade Agreement, or ACTA, has raised questions about the fate of the treaty, which is important to the governments of the United States and other industrialized economies."
Military crackdown fans the flames of rebellion among Tibetan monks
Libya PM promises families cash to quell discontent
Charges against some N.Y. Occupy protesters dropped

## Energy/resources ##
Saudi construction costs surge as Aramco limits fuel
India's crude oil import burden gains as prices rally
Oil price surge could dampen global recovery (MSNBC)
"A surge in oil prices sparked by saber-rattling from Iran is beginning to weigh on the global economic recovery, with potential ripple effects on consumers, corporate profits and interest rates."
This is propaganda. The price surge is sparked by US-led sanctions. -- RF
MEMC Posts $1.48 Billion Fourth-Quarter Loss as Prices Fall
"MEMC Electronic Materials Inc., the second-largest U.S. polysilicon maker, posted a fourth-quarter loss 38 percent greater than its market value as the price for the main raw material in solar cells plunged and it had costs related to cutting production and its workforce."

## Got food? ##
Agricultural commodities to turn bullish on India, China farmland race
"Agricultural commodity prices may experience bullish trend as the two most populated nations, China and India, are in a mad race to secure farmland to meet the growing food demand, according to Danny Esposito, co-editor, Financial Web Site Penny Stock Detectives."
Texas Rice Farms Look for Miracle
"Rains in Texas have failed to refill water reservoirs for the state's main rice-growing areas, prompting the first-ever restrictions on irrigation that may lead to the smallest planted acreage since the 1920s."
Missouri Family Farms are Dying

## Intelligence/security/internet/systemic breakdown ##
Anonymous Promises Regularly Scheduled Friday Attacks
In case you haven't noticed, WW III has already started on the net. -- RF

## Japan ##
Nuke crisis caused by Japan, not quake: Kan
"Former Prime Minister Naoto Kan has admitted that Japan was woefully unprepared for last year's nuclear disaster and suggested that the crippled Fukushima No. 1 plant should not have been built so close to a tsunami-prone coastline."
Civil servant wages to be cut by 7.8%

## China ##
China Cuts Banks' Reserve Requirement Ratios
China Cuts Bank Reserve Reqs; Exports 'Grim'

## UK ##
Price of filling fuel tank hits £100 as diesel price races to record high of 143.05p a litre
London's homeless could be forced to move as far as Hull

## US ##
U.S. arrests suspect in Capitol suicide attack plot
"U.S. law enforcement officials said there never was any threat to the public. The explosives in the suicide vest and the gun he had been given by the FBI had been rendered inoperable and posed no danger to the public."
Why Were The Trillions In Fake Bonds Held In Chicago Fed Crates?
South Carolina Sheriff Adds Round-the-Clock Checkpoints to Growing Police State
Gas prices are highest ever for this time of year
Gas prices begin climb toward $4.50 a gallon, experts say
Kansas City's Failed Schools Leave Students Behind
Band-Aids And Light Bulbs May Be Safer Than U.S. Bonds
Drones Set Sights on US Skies
Monumental Change is Coming for Most Americans – Here's Why
Silver Eagles Soar
Firms turn to riskier financing
"Banks denying small businesses loans keep demanding what they can't have - collateral - and the disconnect is forcing firms to look elsewhere."

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