Stacy Summary: You bailout one class of oligarchs (the bankers) and every oligarch and monarch in town is coming looking for handouts!
Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels.
That campaign comes despite an International Energy Agency report released this week showing that OPEC revenues would still increase $23 trillion between 2008 and 2030 — a fourfold increase compared to the period from 1985 to 2007 — if countries agree to significantly slash emissions and thereby cut their use of oil. That is the limit most countries agree is needed to avoid the worst impacts of climate change.
Tags: 39 Comments
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_euoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_caoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpoz_2.gif)
@Stacy: no remind me …Which Arab family ( dynasty ) controls $77 trillion???? I forget…yes they are paying attention to the stupid western voting parliaments..they want a bailout too….how bizzarre…
@Richard@latitude30N – it’s the Abu Dhabi royal family . . . they reportedly control $33 trillion and are certainly not asking for handouts; the Saudis, however, have blown their wad of cash on kickbacks to their UK & US masters and now they have a hungry population of millions of young men . . .
http://www.e24.se/internationalnews/artikel_1610513.e24
SCREW THE FED
END THE FED
http://www.youtube.com/watch?v=e3zo7zjYk2E
GET RID OF THESE BASTARDS
‘If nobody recognizes a defaulted debt on their balance sheet, does it exist? What does “deflation” mean in such a world? Not much, as it turns out. At least from a monetary perspective, because money is not being destroyed at nearly the rate that would be expected or predicted by the size and rate of the defaults.’
ZH – Guest Post: The Sound Of One Hand Clapping – What Deflationists May Be Missing
http://www.zerohedge.com/article/guest-post-sound-one-hand-clapping-what-deflationists-may-be-missing
2000-2100
The great inflation.
At 2100 we will have massive climate problems as all trees will be gone.
makes me proud to be Australian to see the the AUD dominating like a motherfucker and adding salt to the Fisk wound
gold going mental yips 1060
@Stacy: thanx for the clarification…my daughter’s (Barclay’s Capital Bank CEO ) employer just went on a grand tour to Dubai, Doha, Monaco, and Nice and other parts in the region to IMO to solidify the bank’s position with the Arabic world( as you are well aware Barclay’s is partly owned by the UAE royal family and they are there to backstop any losses )…Yes, Yemen and the Saudi region are having a tough time…But really isn’t this a lag on the neo-con agenda of old??? Didn’t Prince Bandar attempt a coup recently and may be on house arrest??? chicken’s coming home to roost no doubt…
@Richard@lattitude30N – Monaco and Nice in the same region as Doha and Dubai? Well, there are loads of sheikhs and whatnot there, but they are mostly Saudis visiting their favorite $40,000 per night prostitutes. btw, Dubai is bust and now pretty much owned by Abu Dhabi, the only rich emirate of the UAE; ‘rich’ may be an understatement . . . the only other truly rich part of that region is Qatar (Doha) . . .
Gold ETFs, caveat emptor
Posted by Izabella Kaminska on Oct 08 15:42.
http://ftalphaville.ft.com/blog/2009/10/08/76621/gold-etfs-caveat-emptor/
Fox lies exposed!
http://reason.tv/roughcut/show/is-fox-news-misleading-viewers
GOLD 1,060.40 USD
This is why you shouldn’t feed the bears.
Structural unemployment crisis stalking U.S. economy http://tinyurl.com/ybuy7hd
Roubini says housing market hasn’t bottomed http://tinyurl.com/yb5b22g
They got nothing to worry about, we’ll be a petroleum based civilization for another 500-1000 years.
How does this relate to peak-oil guys?
$5,800 gold? But stocks okay, too.
Commentary: After a good decade, Aden sisters gleeful about gold http://tinyurl.com/yav2bur
Many people don’t realize this but the USA gets more oil from SOUTH AMERICA then the MIDDLE EAST screw those towels heads.
GET OUR TROOPS OUT OF THAT GOD FORSAKEN PLACE NOW!
They got nothing to worry about, we’ll be a petroleum based civilization for another 500-1000 years.
at the very least it’ll be a long, long time until an army using petrol can be beat by one using alternative fuels.
Hello Canada #1 in Oil to US and Celine Dions..thank god
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
The aid is the Earth will be a better place to live. We as a world will be better when these people and oil lose power. I think we would have less wars.
@mike
As I said before when some fool used that phrase… “may the fleas of a thousand camels infest your armpits”
It might be a while before you see a 50 ton solar-powered tank.
Might take even longer for a battery operated ICBM…
@mike
“screw those towels heads”
The US/UK have been screwing them…for about 100 years.
The only reason fascist regimes like the Saudi royals even exist is because the US armed them to the teeth knowing they would oppress their own people and keep the Spice flowing.
Here we go US moves to invade Canada
http://www.invadecanada.us/
1935 Plan by US Military to invade Canada
http://www.glasnost.de/hist/usa/1935invasion.html
Yeah mike,….leave off wif the racial slurs !!
You sound like a brainwashed, regimented, sycophant,…
: )
PS:,…when I say sound like,..I mean when I read the words and translate it into my brain, and make up stories.
december contract for gold on Nymex looks promising!
Open interest: 352047
Estimated volume: 173468
http://www.nymex.com/gol_fut_csf.aspx?product=GC
WOW! (I know.. boring expression but hey…)
PPS:,…Bit like Dante,..: )
I predict Ruble-USD parity by end of February.
@Ilya, Now I think you are a little too bullish on dollars..
@d3d0
me like dedo word pitchaz!!!
Sorry, I meant Yen-dollar parity.
I predict rubble-USD parity by end of February.
1 kg of dirt’ll get you a buck
hopefully its got more to do with the emergence of coldfusion in china and japan.
In The 1970′s the UK experienced a shortage of oil and the possbility that reserves were running out. Brazil have recently discovered huge fields which will be exploited in the next planned cycle. Not to mention the artic which holds massive reserves.
@ Ilya – your quite right the Sauds and other have been positioned for 100 years + , and lawrence of arabia betrayed the arab people. Got to go – Supper time!
Help me out here….ben bernanke is on tv now…and he says that 75% of the feds assets are in foreign treasuries…..so does this mean that if the dollar goes up they would lose????and if so doesnt this make for a conflict of interest????
Let them rot!