Motiva Operates Louisiana Refinery at Reduced Rates

31/05/2009 § Leave a comment

Royal Dutch Shell Plc’s U.S. joint venture with Saudi Aramco cut production at its Norco, Louisiana, refinery after shutting a unit, curbing gasoline output as the summer travel season returns.

Any excuse the Fuck You Capitalists can devise to fleece the driving public.

Motiva Operates Louisiana Refinery at Reduced Rates | Bloomberg

Advertisements

TAKE BACK THE POWER TO CREATE MONEY FROM THE PRIVATE BANKING INDUSTRY

31/05/2009 § Leave a comment

The Constitution states, “Congress shall have the power to coin money and regulate the value thereof.” This power has been abdicated to private bankers. Today, 99.99% of our money is created by private banks when they make loans. This includes the Federal Reserve, a private banking corporation, which orders Federal Reserve Notes to be printed, and then lends them to the U.S. government. Only coins are actually created by the government itself.

TAKE BACK THE POWER TO CREATE MONEY FROM THE PRIVATE BANKING INDUSTRY | Open Gov

Rail Traffic Down; Truck Traffic Down; Air Cargo Hoping For A Bottom

30/05/2009 § Leave a comment

 

The ATA said its seasonally adjusted for-hire truck tonnage index fell 2.2% in April, after plunging 4.5% percent in March. Compared with April 2008, tonnage contracted 13.2%, which was the worst year-over-year decrease of the current cycle and the largest drop in thirteen years, said Bob Costello, ATA chief economist.

Mish’s Global Economic Trend Analysis: Rail Traffic Down; Truck Traffic Down; Air Cargo Hoping For A Bottom

Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone

30/05/2009 § Leave a comment

Several policy missteps suggest that investors should stop trusting — and lending to — the U.S. government. These include the state’s pressure on Bank of America Corp. to buy Merrill Lynch & Co.; the priority given to Chrysler LLC’s unions over the automaker’s secured creditors; and the freedom that some banks will regain to supersize executive bonuses by giving back part of the government money bolstering their balance sheets.

Hat tip to What Really Happened.

Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Mark Gilbert | Bloomberg

The Vicious Cycle of a Falling Dollar

30/05/2009 § Leave a comment

 

There’s a truck load of really bad, toxic-smelling "delayed news" that’s about to hit the fan. My most reliable sources tell me that there is more downside coming for the S&P in the coming weeks and months, and the "vicious cycle" of the break-down of the dollar is far from over.

The Vicious Cycle of a Falling Dollar — Seeking Alpha

The Move into Hard Assets: The China Factor

30/05/2009 § Leave a comment

China is aggressively jumping to hard assets again, they are seeking to unwind their position in the US dollar or at the very least hedge themselves against the upcoming hyperinflationary phase that is going to hit the entire world in the not to very distant future. Their move into copper and sugar clearly illustrates that this is the beginning of trend and that many cash rich nations (Japan, Russia, several countries in the Middle East, etc) will soon follow China’s lead.

Bye bye dollar, hello Renmenbi!

The Move into Hard Assets: The China Factor | Seeking Alpha

COMEX Gold Price Manipulation Stress Near Breaking Point

29/05/2009 § Leave a comment

 

Big disruptions are to come from the COMEX pit of corruption, the central nexus for controlling illicitly the price structure for gold, the USDollar, and the USTreasury Bonds. The COMEX in all likelihood is the weakest link in the US-UK chain of corrupted financial markets.

COMEX Gold Price Manipulation Stress Near Breaking Point :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

Where Am I?

You are currently viewing the archives for May, 2009 at GET OUT WHILE YOU STILL CAN!!.