Full story here. My initial response to this was: “are you f***ing kidding me?!?!” OK, so if a [dead since 2002] terrorist says that the US is evil because we are the root of global warming, wouldn’t I be “with the terrorists” if I support the Copenhagen proposals? Of course Bin Laden never mentions the depleted uranium poisoning of Iraq by US troops, which would have far more of a visible impact in the environment and directly affecting his fellow arabs/muslims, not like some nebulous global warming spectre.
I have to say that I am very disappointed at the CIA (or whoever ‘crafted’ this little message) for making the supposedly butchest terrorist of all time sound like a politically correct snotface from Belgium.
“Al-Qaida leader Osama bin Laden has called for the world to boycott American goods and the U.S. dollar, blaming the United States and other industrialized countries for global warming, according to a new audiotape released Friday.
In the tape, broadcast in part on Al-Jazeera television, bin Laden warned of the dangers of climate change and says that the way to stop it is to bring “the wheels of the American economy” to a halt.
He blamed Western industrialized nations for hunger, desertification and floods across the globe, and called for “drastic solutions” to global warming, and “not solutions that partially reduce the effect of climate change.”"
Greek default: charting the dominoes
Sunday, January 31st, 2010Full story here from ZeroHedge.
“It appears that in the 11th hour, Europe is still unable to decide just what the proper approach to rescuing Greece is. The Sunday Times has just released information that a plan to be published by Brussels on Tuesday, titled “Urgent measures to be taken by May 15, 2010″ will demand dramatic Greek austerity measures, such as cutting “average nominal wages, including in central government, local governments, state agencies and other public institutions” and proposes new luxury goods and self-employed taxes. Yet the kicker is that “Richer eurozone countries such as Germany and France would be expected to bail out Greece in the worst-case scenario, to prevent a disastrous crash in the value of the single currency” – not very surprisingly, this is precisely the Plan B that Almunia yesterday swore up and down that the EU was not, repeat not, considering. Moral Hazard has indeed gone global. Yet even with this bureaucratic memorandum on the table, it seems certain that the EU will not actually act before Greek deterioration escalates out of control. Here are the near term catalysts that will likely make the cost of inactivity very high. Think full Dick Fuld stature when screaming upright. (more…)
Tags: Credit default swaps, debt slavery, default, Eurozone, Gree
Posted in Commentary, Futures Market, Futures Market Commentary, Futures Trading | No Comments »