“The newly discovered oil field must be considered among the biggest fields ever discovered in Iran!”-Seyyed Mahmoud Mohaddes, National Iranian Oil Company
On March 3, 2012, Iranian oil officials announced that not only have they discovered the largest oil field in Iran’s history, they’ve found several new oil fields!
Drilling has already started, and there are at […] Continue Reading…
A new study has confirmed what most economic historians will tell you; long term wars actually destroy your economy: “…the positive effects of increased military spending were outweighed by longer term unintended negative macroeconomic consequences.”
The latest study was done by the Institute for Economics and Peace. But their study revealed that the War on […] Continue Reading…
“These groups are still fighting and still active, they continue to carry arms. They are active in….Mosul, Diyala, Anbar, Salahuddin, Baghdad, Babil, and some on the outskirts of Basra and Kut.”-Adnan al-Asadi, Deputy Interior Minister of Iraq
“We are happy to declare the defeat of the occupation but the occupation has a project and the […] Continue Reading…
“The indictment alleges that the defendants flagrantly enriched themselves at the expense of the Iraqi people, the very people they were there to help, and American taxpayers.”-Kenneth J Gonzales, U.S. Attorney General
Former executives of Laguna Construction Company, are accused of colluding with four foreign nationals, to defraud taxpayers of more than $5 million through […] Continue Reading…
The following statements are from a former Wall Street stock broker, now self-exiled in Europe, Timothy Maxwell “Max” Keiser:
“Money is being printed but it does not flow to wages or savings and pensions. It flows to asset price inflation and to bonuses for corrupt bankers.”
“The economy runs on financial engineering now, and currency speculation […] Continue Reading…
Moody’s has joined Standard & Poor’s in downgrading Greece.
Last week S&P’s downgraded Greece to default status. Today Moody’s rated Greek bonds at C, saying risk of default is too high even with new bailout loans: “Moody’s believes that Greece will still face medium-term solvency challenges: its stock of debt will still be well in […] Continue Reading…
The Russian bank, VTB 24, froze the accounts of Iranian embassy personnel in Russia.
“The bank said that this was an order from their top management, and they couldn’t do anything about it.”-Seyyed Mahmoud-Reza Sajjadi, Iranian Ambassador to Russia
Officials with VTB 24, a division of Russian state owned VTB, tried to downplay any connection to […] Continue Reading…
“I think for many years we just took it for granted that we were a training base and we didn’t have to face the loss of people. Then on the Easter weekend we lost six and then two more.”-Fay Tidd, Mayor of Oromocto, New Brunswick, Canada
From now until the end of 2012, about 950 Canadian […] Continue Reading…
March 3, 2012, Saudi Arabian time, fresh anti-Saudi and anti-U.S. demonstrations reported in several Saudi Arabian oil ports along the Persian Gulf.
The latest port cities involved are Qatif (Al-Qatif), Rabiyia (Al-Rabeeya) and Awamiyah (Al-Awamia). I’ve posted before how the U.S. media has been totally ignoring what’s been going on in the Pro-U.S. Saudi Arabia […] Continue Reading…
On March 2, 2012, in Dund district of southern Kandahar Province, a suicide car bomber attacked a NATO convoy.
At least four U.S./NATO/ISAF forces, one Afghan police officer, an Afghan civilian and and Afghan interpreter were wounded. The “Taliban” immediately claimed responsibility (as I’ve said before, those attacks where no one claims responsibility are suspicious), […] Continue Reading…