February 26th, 2015
in Op Ed
by John Robb, Daily Reckoning
Here's a new way to think about something that should be obvious...
To the politicians in DC and financiers in New York, Saudi Arabia is an island of stability in a sea of chaos. A reliable ally, willing to keep the oil flowing, year in and year out. A place that's not vulnerable to the instability that routinely guts the countries around it.
The Skinny Guy Could Become a Giant (but it won't happen)
Written by William Kurtz
The environmental argument for not building the Keystone pipeline has been demolished by the Appeals Court. The "employment" argument in favor of the pipeline is weak, because once it is built and in operation, the number of people required to keep it running will be small.
100 car oil train wreck burns near Mt. Carbon, WV - 16 February 2015.
February 24th, 2015
in Op Ed
by Charles Hugh Smith, Of Two Minds
With the bankruptcy of Greece now undeniable, we've finally reached the endgame of the Neocolonial-Financialization Model.
We all know how old-fashioned colonialism worked: the imperial power takes physical control of previously independent lands and declares its ownership of the region as a newly minted colony.
by William K. Black, New Economic Perspectives
This column discusses the most embarrassing title of an economic study of the U.S. financial crisis. It rivals the most embarrassing title of an economic study of the Icelandic crisis.
"The 2010 Academy Award-winning documentary Inside Job tells how [Frederic] Mishkin changed the name of the study from 'Financial Stability in Iceland' to 'Financial Instability in Iceland' on his curriculum vitae."
by Reverse Engineer, Doomstead Diner
As of Friday, for all intents and purposes is seemed as though the new Syriza Goobermint of Greece Kapitulated to the the Krauts, continuing onward with the Bailout regime established by the Troika, although with a face saving caveat that they are supposedly going to renegotiate points over the next 4 months.
That isn't a bad plan, they do need time to figure out exactly WTF they will do once completely cut off from the Western Banking system, all their local banks FAIL, and they have zero money worth anything to pay their goobermint workers with.