B4 The Bell Frieday May 28
354 replies to this topic
Posted 31 May 2004 - 12:33 PM
Monday, 31 May 2004
Russia Joins U.S.-Led WMD Initiative
31 May 2004 -- Russia has joined a U.S.-led alliance of countries prepared to board ships and raid suspect factories in a bid to stem the trade in weapons of mass destruction.
A Foreign Ministry statement issued in Moscow today said Russia is joining the Proliferation Security Initiative (PSI) as a founding state.
The initiative was developed by U.S. President George W. Bush in May 2003. It would permit interdiction of missiles and other components of weapons of mass destruction on land, at sea, and in the air.
Moscow had expressed doubts over the initiative, with officials saying they were unsure whether the plan met international legal standards.
But U.S. Undersecretary of State John Bolton met high-ranking Russian officials two weeks ago to urge Moscow to join.
U.S. officials say Russia's joining is especially significant because it will encourage China to follow suit.
Posted 31 May 2004 - 12:34 PM
I find it laughable that anyone here should afford that man a lick of respect or credibility.
He is the worst-of-the-worst in that administration, because he failed to lead at a critical juncture when he was the last one remaining who could. Rather than resign in principled protest to avert a war that did not include an exit strategy, and thereby stuck a fork in the "Powell Doctrine," what did he do?
Nothing less than stand as Secretary of State of the United States of America before planet earth's Security Council, present a bunch of half-truths & lies as "facts", and secure Georgie-Porgie's war in the most dishonorable public moment for a Secretary of State since Lord knows when.
Oh... and since then, he & his minions have been conducting a quiet whisper campaign to try to convince people that he was never really on-board, and therefore, should not be tarnished for having supported Bush's policies.
Screw Powell. If you suckers want to buy what he sell, knock yourselves out.
I would no longer support his candidacy for dogcatcher in my town.
Sure glad all my albums went GOLD.
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Posted 31 May 2004 - 12:38 PM
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. --That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Posted 31 May 2004 - 01:00 PM
Have to agree with you. Powell sold himself. He has no credible standing now. Just another administration lackey.
Posted 31 May 2004 - 01:01 PM
I just laugh when I see all the bulls on a bear board. I too, think this pig has a chance of going higher, but it has nothing to do with the level of bears. THat is the biggest crock of bullshit I have ever heard. ONly a very naive Sucker would believe that there is any trace of bearishness in this mkt. FOr crying out loud, the mkt may go up , iit may go down, but please to some long term research before spouting off about all the "bears". OR better yet, pleae let me know when you put on a trade so I can take the other side. End of rant, Happy holidays.
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg
Posted 31 May 2004 - 01:11 PM
I'm with you on this. I would like to know what Seymour Hersh knows
about Powell. Did Powell actually order My Lai or just manufacture
the cover up. I've suspected the former for years.
"In the course of that investigation, the source said, Gen. William Westmoreland, the commander of U.S. forces in Vietnam from 1964 to July 1968, told him that Powell had mistaken his orders to subdue the village as an order to wipe out its inhabitants, and relayed the mistaken order through an Army major to Calley, who was court-martialed and sent to jail for murder."
Truth or fiction? It's difficult to know what to believe
any more butt ...
As for the New York Times - ignore - credibility shot - fish wrap.
Posted 31 May 2004 - 01:36 PM
Isn't it particularly striking that despite the events of the last month there appear to be no consequences or accountability for the "powers" as yet.
Everyone seem to have taken a leaf out of Cheney's book--when the going gets tough--find yourself a comfy bunker.Keep yer head down,disappear for a couple of weeks,get another buddy to create a diversion and with a bit of luck,it'll all blow over.
Mebbee it's a Texan trait getting so many twisters down there!
Is it all too big to fail or too corrupt to crumble?
Posted 31 May 2004 - 01:38 PM
Unless and until the market closes over 1127 Spoo cash there will be no sustainable rally if we close over 1127 sure then go long with both hands. Conversly if we break down from here the market will plummet, being short against an 1127 close with a 1130 stop and reverse is a sound percentage play with little risk.
Posted 31 May 2004 - 01:49 PM
The Times they are A-Changing -- From James Boric...." India is no longer a Debtor Country. It has Forex reserves in excess of $116 Billion, it expects to double its College Grads in the next 6 years. It's currency "the Rupee" has been upgraded to "Investment Grade" by Moodys for the first time ever. By 2050 India will be the Worlds 3rd largest economy behind only the U.S. and China." Jimi -on Powell I couldn't agree more, the man has never been a moderate he is the author of "The overwhelming use of Force Doctrine" which has directly led to many of the Militarys excesses that we are seeing now.
Posted 31 May 2004 - 02:16 PM
Oil futures prices are bound to rise, and some say set new highs, on bullish sentiment sparked by attacks on oil workers in Saudi Arabia over the weekend, according to anal cysts and traders in Asia Monday.
Many industry participants and watchers expect July Nymex light sweet crude futures to jump above the $40/bbl psychological resistance level when trade resumes on the New York Mercantile Exchange and the International Petroleum Exchange after U.S. and U.K. holidays Monday.
Posted 31 May 2004 - 02:22 PM
With respect to Powell and McCain teaming up - it was by no means meant as an endorsement of Powell for anything more than dog catcher. In fact I agree with Jimmie that he should have resigned in protest to prevent this war from ever happening.
I was merely pointing out that the republicans would seemingly stand a better chance against Kerry in the fall with a McCain / Powell ticket than they will with a Bush Cheney ticket. Just look at the direction the wind is blowing...and you'll see my point. The "true believers" in the Republican Party still perceive Powell as an honorable soldier who remained loyal to the Republican cause. There is a great amount of "covering fire" being laid down right now to protect his reputation, likely from within the Republican Party itself.
Conversely, Cheney is rapidly becoming a lightning rod, and if history is any guide, the media will be piling-on to this expanding story with increasing zeal. Cheney is a major liability moving forward. McCain will refuse to run as Bush's number two...so you do the math.
I have no dog in this fight...I frankly think that entire party is a mess, and the party is over. I happen to have a lot of respect for McCain for having lived the life that he has, and for standing up against the status quo on principal for things that matter...like campaign finance reform.
My perception is that the two party system is the problem, not the solution. I wish there were no parties, and people just ran based on their qualifications and integrity.
Posted 31 May 2004 - 03:40 PM
The question that we should be asking is -- are oil prices responding to terrorism or is terrorism needed to explain rising oil prices? Chicken or the egg? Since it is an election year, and even with all the administration has done to flim flam the markets including bullhorning a slowdown in China and increases in Saudi production, they have failed to knock energy prices down, I'm going with the egg. Evil-doers are going to get blamed for everything cause no way no how is the bushman going to let himself get blamed for anything. Rent a terror attack.
Posted 31 May 2004 - 03:45 PM
Regarding Powell and Cheney -- wouldn't be surprised to see Cheney get dumped (health reasons of course) and replaced by Powell as VP. It just may depend on how toxic Cheney (neocons) becomes within the republican party itself.
Posted 31 May 2004 - 04:14 PM
understood. Problem I see- (besides the word 'hero' has suffered inflation along with our coin) is that heroes tend to create followers; when the hero is gone, who leads? Followers tend not to think, nor act for themselves. Myths get attached to heroes- not so many millenia ago were thought to be the offspring of gods, with powers to which mortals could not aspire. Co-dependency, etc. But pass me another helping of that idealism, tanks.
I think there have been dozens of heroes throughout these dark years- each in their own sphere of expertise- we'll just have to cobble together some sort of flawed facsimile ourselves. Murrow- I'm old enough to remember his voice rumbling out of the old Zenith tube radio - still an inspiration. Seems a number of the heroes of my youth since Murrow have got themselves shot down- JFK, RFK, King. In this kinder/ gentler era, they get efficiently smeared- some sort of improvement I suppose.
"I think of guys like Powell and McCain,... Lugar..." Powell so far seems to be an indoctrinated team player, disinclined to surrender his career/ legacy. I do trust McCain's nonconformity, hope he continues to be cantankerous. Lugar- his wife taught me readin' n ritin' in grade school- one of the handful of Republicans I still respect in a dwindling group of allies that needs all the support lefties can spare. Even discounting the influences of money & power, there’s still political capital to be hoarded, favors owed, all the legislative sausage-makings…. far rather trust relative outsiders to convey truths- a lot less baggage has to be abandoned.
"In the absence of a singular hero, it would be enough for prolific truth-telling...."
Word. Kind of what I'm getting at- can't asassinate 'em all, forever. I make do with a swarm of blogs and other subversive sites; the depth and abundance of truth out there is overwhelming, as is the labor of sifting & defragmenting. phat expressed my process nicely: “… we just guess at the dark patches, and the way light bends around them, to put together a picture. …“
Beardrech, I've been enjoying your profundities served up with your unique surreal sauce for as long as I've been Stoolin' here. I can only say: 'Eh?' My rubber-band powered mind is grasping about a tenth the import of your post. Sorry… if you would indulge me with an erudition-lite version...
“… the intellectual progeny of … Leo Strauss--none of whom I believe take one ounz of pleasaure in this hateful ossupation called War”
Hmmm, not so sure of that- all I know of that group is from their public statements, so I have no idea of what pleases them- I do suspect a certain frisson in their arrogant delusions of hegemonic glory- heady stuff for neglected academics driven by ideology. Not that I believe Wolfowitz et al cackle over body counts or salivate over abu Ghraib CDs; more likely a stern satisfaction in being in the inner circle of the Bush court. As a peon, I don’t have the secret Staussian decoder ring. Seems irrelevant what our Gucci-guerrilas delight in- I just feel strongly they need to be put some place where they can’t harm the rest of us trying fitfully to get along w/ each other.
Posted 31 May 2004 - 05:29 PM
Soup, totally agree. Especially when people try to use a BEARISH Site as a contrarian indicator.
On Oil, the end of cheap energy is coming soon. A terrorist attack would just cause it to come a few years sooner.
Article after article says that all Opec countries except Saudi Arabia are pumping at maximum output. The Saudis are the only country with the ability to increase output. And, even that is under question because most of their wells are under pressure to extract the oil and they have been pulling oil from many of their well for 30 years.
We are now burning 81 million barrels a day in the world. The world had the ability to pump 84 million barrels a day. Oil wells are in decline and population, along with oil consumption, is increasing.
This energy problem is definitely the biggest threat to the world. Yet, politicians, foreign governments, oil companies, OPEC, etc. all continue to lie about the issue.
Yet, the price of oil is telling a different story.
A few months ago, I saw oil rising and I thought it was because of the war or the dollar going down.
Then, the dollar started going up and oil didn't move significantly down. About 3-4 weeks ago, I started reading web sites on oil and oil depletion.
It was this article:
The End of Cheap Oil
That woke me up.
"About 80 percent of the oil produced today flows from fields that were found before 1973, and the great majority of them are declining."
The new peak oil estimate is 2008.
Dow Jones finally covered the issue on March 8th of this year.
Dow Jones on Peak Oil
The Department of Energy knows all about this. I suspect the politicians do as well.
Cheney spoke about peak oil in 1999.
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