Tag Archives: wall street

Business/Economics, International, Technology, U.S.

Government Evil: New evidence suggests Libya not involved with Pan Am Lockerbie bombing! Gaddafi was innocent?

“It is now absolutely clear this fragment was not from a timer we delivered to Libya. We told the police in 1999 this was the case but they would not believe us. We lost our company and had to pay a big damages claim.”-Edwin Bollier, former boss of Swiss company Mebo

In 1988, Pan American flight 103 went down over Lockerbie, Scotland, after an explosion.  Libya’s Muammar Gaddafi was blamed for ordering the bombing.

The blame was based on ‘evidence’ from a timer used on the bomb.  Now the Scottish media reporting that new evidence says otherwise!

During the Lockerbie trials, prosecutors claimed the flight 103 bomb used a MST-13 timer, made by a Swiss company called Mebo.  The prosecutors produced documents that showed that Libya bought 20 of the timers.  The Swiss company Mebo went bust as a result of the trial.

Now, almost 24 years later, the former owner of Mebo, Edwin Bollier, says that since at least 1999 there’s been evidence that the timer used in the flight 103 bombing was not one of Mebo’s.

Not only does the evidence open the doors for Bollier to sue the British government, but it casts doubt on the prosecution’s claim that Libya was behind the bombing.

In fact the author, John Ashton, who wrote the biography on the Libyan who was convicted of the bombing (Abdelbaset Ali Mohmed al Megrahi), said the timer could not have been made by Mebo, because of the way it was constructed.

Regarding Megrahi; he never took the witness stand during the trial, and the British government allowed him to come to the U.K. without a passport or other documents.  John Ashton based his book on the never been published 800 page Scottish Criminal Cases Review Commission report.  Ashton got the report after years of legal wrangling.

It looks like another case of the U.S. and U.K. setting events up to justify international murder (war)!

Fukushima

Japan Modern Day Atlantis round 10: New Mega Quake predicted for Tokyo Bay

After five years of research, a team of scientist, some from the University of Tokyo, have concluded that Tokyo Bay is set to experience a Mega Quake.

The research caused the geologists to realize the fault line, running under the Kanto area of Japan, is actually 10 km (6 miles) closer to the land’s surface, than first thought.  They have upped the expected earthquake on the fault from a Japanese magnitude 6 to magnitude 7.  Magnitude 7 is the maximum on the Japanese quake intensity scale!

But wait, there’s more!  The research does not include any data for the March 11, 2011, Mega Quake. The researchers say they are now updating their five year study with that data.

JAPAN MODERN DAY ATLANTIS ROUND 9: MARCH 11, 2011 MEGA QUAKE CAUSED 80 SEPERATE EARTHQUAKES WITHIN 15 MINUTES

Fukushima

Japan Modern Day Atlantis round 9: March 11, 2011 mega quake caused 80 seperate earthquakes within 15 minutes

Masatoshi Miyazawa, an associate professor at Kyoto University’s Disaster Prevention Research Institute, says that after almost a year of study, he has concluded the March 11 Mega Quake caused a record number of  ‘induced’ earthquakes.

He says that within 15 minutes of the magnitude 9 earthquake, at least 80 quakes were triggered on different fault lines all over Japan.  From islands north of Hokkaido to islands south of Kyushu.  One quake was 1,300 km (807.8 miles) away from the magnitude 9 Mega Quake.

The magnitudes of the 80 earthquakes ranged from 2 to 4.7.

Miyazawa says many of the induced earthquakes occurred near volcanoes, and he suspects the record number of ‘induced’ quakes was the result of a radical shift in the power balance between tectonic plates.

JAPAN MODERN DAY ATLANTIS ROUND 8: NEW STUDY SAYS FUTURE TSUNAMIS A BIGGER THREAT THAN FIRST THOUGHT

Business/Economics, International, Technology, U.S.

Oil & Gas Prices: EIA says oil supply to drop, Jordan cancels contract with Egypt, North Sea Oil near record high price, Canadian oil prices crashing blame North Dakota

March 6, 2012, the U.S. Energy Information Administration (EIA) said oil supply will drop.  This is due to disruptions affecting non-OPEC countries.

This is probably the cause of increased fuel prices, but wait, there’s more!  The EIA also says U.S. demand for petroleum is also going down.  In fact, demand in the United States is at a 15 year low!

That decrease in U.S. demand is being offset by increased demand around the World. Also, the EIA says oil transportation problems in the U.S. Midwest will keep oil prices above $103 per barrel, into 2013!

Speaking of oil disruptions, Jordan announced that because of continued attacks on the natural gas line coming from Egypt, they will be forced to look elsewhere for natural gas: “It would be great if Egypt can prove they can secure the pipeline, but it is clear that Jordan can no longer rely on Egyptian gas.”-Qutaiba Abu Qoura, Jordanian Minister of Energy and Mineral Resources

For oil coming out of the ocean east of United Kingdom, North Sea oil prices spiked on March 6.  The reason is production delays for Asian customers.  It’s called Forties Crude, and hit $1.80 per barrel over the price of Brent Crude (which is about $20.00 per barrel over the price of U.S. Crude).

In September 2011, Forties Crude hit a record $2.05 over the price of Brent Crude.

Reuters estimates that Forties Crude pumping has dropped about 10,000 barrels per day since February 2012.  Reuters analysts think this is due to production problems.  In any case it only helps their price go up!

Canadian oil is dropping in price. According to reports out of Canada, their oil is losing value because there is now too much Canadian oil being pumped into the United States!  In other words too much supply.  So why are fuel prices in the United States going up?

Pipelines coming from Canada are rapidly filling up, and will soon be backed up with too much oil. Another factor in Canadian oil losing value; North Dakota!

Analysts with Cenovus Energy say North Dakota is now pumping out 400,000 extra barrels of oil everyday!

Again why are fuel prices going up then?  The U.S. EIA says all that oil from Canada is getting “bottlenecked” in the U.S. Midwest, because of oil transportation problems.  This is why the Canadians wanted the Keystone XL pipeline.  But, U.S. oil man Barack Obama is blocking the proposed Keystone XL pipeline.

Canadians are hoping that getting their oil to more refineries would help bring up revenues: “…clearly not going to be a good quarter. Between blowouts in heavy pricing, blowouts in synthetic oil pricing, weak natural prices, it’s across the board. The only thing that’s working, really, is downstream.”-Andrew Potter, CIBC World Markets

So how much is Canadian oil? Western Canadian Select Crude is currently about $34 less per barrel than U.S. Crude (aka West Texas Intermediate).  Canadians expect their oil prices to continue downward until mid 2013.

 

 

 

Business/Economics, International, Technology, U.S.

Oil & Gas Prices: Chevron Gas rig burns for 46 days, Oil war brewing between Sudan & South Sudan, Libyan rebels declare independence in Oil Rich Eastern Libya

March 6, 2012, after 46 days a natural gas rig fire has finally been put out. The rig is operated by Chevron, it is located in Nigeria.

The off shore gas rig blew up on January 16, killing two people. It eventually collapsed into the sea: “We cannot predict how long it will take to complete the relief well, but will do so as quickly as possible while maintaining safe operations.”– Russell Johnson, Chevron

Nigeria is the top oil/gas producer in Africa.  The catastrophe is now killing the fish in the ocean:“The gas is inside the fish. After eating the fish you feel like somebody who drunk diesel, you feel dizzy.”-Bravely Salvage, local fisherman

Locals say fish and dolphins have been washing up on the beach.  Chevron officials say the explosion and resulting 46 day fire should not have impacted the fish!!!  Can you say lawsuit?  Nigerian rebels are using the explosion as further justification in their war against the oil industry: “Nothing has changed in the Niger Delta. This is a fools’ peace!”-Movement for the Emancipation of the Niger Delta

South Sudan has lodged a complaint against Sudan, with the United Nations, for the bombing of an oil well.  Sudan said they didn’t do it.

South Sudan is trying to get around the high transport fees Sudan charges for shipping their oil to the Red Sea.  They are building an oil pipeline to Kenya.

South Sudan officials claim the increased violence in their country, which just happen to be destroying their oil production, is being instigated by Sudan: “Khartoum is sending a signal saying ‘if you divert the oil and we do not benefit from anything then we can destroy that oil and create instability so that you don’t enjoy the benefits of that oil’.”-Samson Wassara, Juba University

In Libya, proof the U.S./European supported Libyan government is a joke; rebels have declared oil rich eastern Libya independent!

Eastern Libya is where the “rebellion” began, when Chinese oil workers were attacked.  The Chinese government had to evacuate 30,000 Chinese oil workers, something the Western Media failed to report.

Now, in a obvious case of hypocrisy, Libya’s pro-U.S. government leaders are making the same statements that Gaddafi made: “Some Arab nations, unfortunately, have supported and encouraged this to happen. These nations are funding this kind of unacceptable strife. What happened today is the beginning of a conspiracy against Libya and Libyans.”-Mustafa Abdul-Jalil

 

 

 

 

 

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? Idaho’s Hoku Materials loses $28 million, blames Idaho Power. Takes on 19 new loans to continue operation, beggars China for more money!

On March 5, 2012, Hoku International released its Quarterly 10-Q Report, ending December 2011.

Specifically their Pocatello, Idaho, Hoku Materials polysilicon operations (which has yet to actually begin operations) lost $28.4 million in the nine months ending on December 31, 2011.

Their 10-Q report blames part of the loss on Idaho Power’s electricity bills.  Idaho Power has reported that Hoku has consistently failed to pay their electric bill on time (actually in advance, under Idaho Power’s rules for large businesses)!

Hoku’s March 5, 2012, 10-Q report also revealed that they’ve had to “…obtained an aggregate of $315.5 million of debt financing through 19 bank credit agreements to support our operations.”  

That was as of December 31, 2011.  Hoku has also revealed that they’ve had to beg China for more money: “In January 2012, we entered into a credit agreement with Industrial and Commercial Bank of China, Limited, New York Branch to provide for one or more term loans in an aggregate principal amount not to exceed $10.0 million. And in February 2012, we entered into a credit agreement with China Merchants Bank Co., Ltd., New York Branch to provide for a loan in an aggregate principal amount of $10 million.”

AS I WARNED: IDAHO HOKU SILICON FACTORY GOING UNDER, ANNOUNCING LAYOFFS, VIOLATED STOCK MARKET TRADING RULES

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? As I warned; Idaho Hoku silicon factory going under, announcing layoffs, violated stock market trading rules

March 6, 2012, Hoku International announced they will layoff about 20 employees at their Pocatello, polysilicon plant.

This comes after many delays in finishing the factory, and threats by Idaho Power to cut off electricity because Hoku hasn’t been paying its utility bill.  Also, Hoku lost big money in 2011.

Officials with Hoku said the layoffs are necessary to keep the company going.

On February 23, 2012, Hoku International was notified that trading of its stocks were suspended, for violating NASDAQ’s Listing Rule 5250(c)(1).  On March 5 (the day before the layoff announcement) Hoku claimed they were now in compliance with NASDAQ’s rules.

CORPORATE INCOMPETENCE: HOKU MATERIALS BEGS FOR MONEY TO PAY ITS OVERDUE IDAHO POWER BILL

Business/Economics, International, U.S.

World War 3: French Ambassador sneaks out of Syria, Syrian Ambassador tells U.K. bye bye, Canada closes Embassy

Lebanese media reporting that the French Ambassador to Syria has quietly driven into Lebanon. The ambassador and his diplomatic staff are in a convoy heading back to Pairs.

In the United Kingdom, the Syrian Ambassador made it clear to the British government that he will be leaving, after being called back by the Syrian government.

Canada has closed down their embassy in Syria: “All of our Canadian diplomats have left Damascus. The safety and security of Canadian personnel is our top priority and that is not a decision we took lightly.”-John Baird, Foreign Affairs Minister of Canada

After a meeting with officials from the United Arab Emirates, Canadian officials also imposed new sanctions. The new sanctions include a complete ban on financial services, as well as sanctions on the Syrian central bank.

 

Influenza

Pale Green Horse & H5N1: Another death in Indonesia, more cases in Vietnam and Bangladesh

05 March 2012, Indonesian officials announced the death of the fifth 2012 victim of H5N1 bird flu.

A 48 year old man died on 03 March, after being treated at a local hospital.  Doctors at the hospital say the man died from multiple organ failure. They are conducting tests to confirm the H5N1 infection.  The man had already been to two other hospitals.

Vietnam’s Ministry of Health says another man is sick with H5N1.  He got sick on 17 February, went into the hospital on February 21.  The H5N1 was confirmed on 25 February.  The 22 year old man is still in the hospital.

Vietnamese officials confirmed the man worked with domesticated ducks.

In Bangladesh, the Institute of Epidemiology, Disease Control and Research (IEDCR) said it confirmed three more H5N1 cases. The three people both work in poultry markets. They say one of the workers has already recovered.

Bangladeshi officials say that you should not only fully cook poultry meat and eggs, but wash off the egg shells (and your hands) before cracking them open.

I looked and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him.  They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.

Business/Economics, International, U.S.

Who’s the official “Best Friend of the American Worker”? China. Mitt Romney has short memory, makes hypocrite of himself.

Former Massachusetts governor, Mitt Romney, has blasted China’s trade policies with the U.S., but China has just won a Massachusetts award for being the Best Friend of the American Worker!

On March 2, 2012, Chinese Premier, Wen Jiabao, was given the award in Boston by the International Longshoreman’s Association.  For what? For appreciation of China’s strong support of job growth for U.S. workers!

Here’s the thing, while Mitt Romney was governor of Massachusetts he actually wooed the Chinese to invest in that state.  In fact, at the end of 2003 Romney gave Wen a tour of Boston!

Another thing. Romney has also made a fool of himself.  He has repeatedly stated that China is costing the U.S. millions of jobs every year.  But here’s a sobering fact: U.S. exports to China increase year after year.  That means more jobs created in the U.S. to meet those export demands from China.

How much have exports to China grown?  According to the U.S.-China Business Council, U.S. exports to China skyrocketed 468% between 2000 and 2010!!!   Now you know why China is officially “Best Friend of the American Worker”.