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B4 the Bell, Freedomday, Aug. 13, 2004


Guest yobob1

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Just heard briefly from one of our Stoolies in Florida

 

"thesun" lives in a mobile park in Arcadia and was notified around noon today that they had to evacuate. They were put up in the civic center in Arcadia. To my understanding the Civic Center either collapsed or the roof collapsed. Anyway they are safe and now in the Elementary School.

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post-18-1087842117.jpg

 

The Debt inflationary self delusional bubbles are liquidity traps, the peaks are credit crunches.

 

Why the instant replay?

 

All a fractional reserve system can do is inflate debt to it's maximum potential then implode...THAT'S IT, PERIOD...

 

Well how come we dont have massive price inflation?

 

We would have had noticable price inflation if the debt supply were to triple in a month but not very noticable when strectched out over years...

 

In Germany their inflation rate went from the 10's of % to 100's of Billions of % in the space of around 16 months...Everyone noticed that...Duh.

 

And there are other causes for the appearance of little to no inflation while the debt supply inflated...But I'm not going to go into it...

 

Since what we are at the end of began 311 years ago...

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Will Russia, the Oil Superpower, Flex Its Muscles?

By ERIN E. ARVEDLUND

 

Published: August 15, 2004

RUSSIA is again emerging as a superpower - but the reason has less to do with nuclear weapons than with oil.

 

The country has its swagger back, as its economy expands for the fourth consecutive year and the world price of oil hovering at just over $45 a barrel. Now the second-largest oil producer behind Saudi Arabia, Russia has positioned itself as an important alternative supplier to the increasingly unstable Middle East.

 

But Russia's oil supply is looking none too stable these days. The Kremlin's protracted battle with its largest producer and exporter of crude oil, Yukos, has raised doubts among some skittish traders about the reliability of Russian supplies and helped drive up prices in unusually tight global oil markets.

http://www.nytimes.com/2004/08/15/business...y/15russia.html

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A look back--

From March 21, 2003: 5:05 PM EST

 

And many oil anal cysts doubt that even a repeat of the Gulf War I oil conflagration would send prices back up near $40, where they peaked briefly this year, capping a jump of about 20 percent since the start of the year.

 

Only major, unexpected disruptions to supply, such as terrorist attacks on oil fields in Saudi Arabia, could send oil prices back to that level, many anal cysts believe. As long as the damage is limited to Iraq, the Organization of the Petroleum Exporting Countries (OPEC), the group of nations that supplies about half of all U.S. oil imports, should be able to take up the slack.

 

http://money.cnn.com/2003/03/21/news/economy/oil_outlook/

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OPEC releasing all it can

August 13, 2004 - 9:15AM

 

OPEC "cannot do much more" to lower record high oil prices because the organisation is close to full output capacity, Venezuela's oil minister said.

 

"We believe OPEC cannot do much more on this issue. We've done a lot and we're very close to our maximum production levels," said Rafael Ramirez.

http://www.smh.com.au/articles/2004/08/13/...l?oneclick=true

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