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alstry (< 20)

Gold Is Useless When Oil Is $1000 p/bbl



December 04, 2009 – Comments (11)

 Lebanese army chief: Prepare for Israeli attack

Lebanon's army chief, Jean Kahwaji, called on his soldiers to be wary and to prepare defenses along the border for a possible Israeli attack, the London-based Al-Quds Al-Arabi reported Saturday.,7340,L-3808326,00.html

Lebanon acknowledges Hezbollah's right to use arms against Israel.

New Lebanese cabinet agrees on policy recognizing Shiite group's right to use weapons against 'any future aggression by Israel',7340,L-3811383,00.html

Members of US House of Representatives send letter to Secretary of State warning Islamic Republic may try to distract world from its nuclear program by instructing Hezbollah to launch conflict with Israel .

WASHINGTON - Iran may try to distract the international community from its nuclear program by heating things up at Israel's northern border via Hezbollah – dozens of members of the US House of Representatives wrote in a letter addressed to US Secretary of State Hilary Clinton on Friday.

The letter was sent ahead of Lebanese President Michel Suleiman's upcoming visit to the White House, scheduled for December 14, and following the coalition agreement in the Lebanese government allowing Hezbollah to hold on to its arms.,7340,L-3815245,00.html

When the world is never know what someone might try......

11 Comments – Post Your Own

#1) On December 04, 2009 at 11:18 PM, alstry (< 20) wrote:

Big Boys With Big Toys.....

Colombia says Venezuela destroys bridge, holds soldier

BOGOTA (Reuters) – Colombia said on Friday Venezuelan troops had blown up another makeshift bridge across their frontier and were holding a Colombian soldier who crossed the border in the latest incidents to test fraying ties.

Andean neighbors Venezuela and Colombia began sparring several months ago in a dispute that has disrupted their $7 billion a year in bilateral trade and fueled fears of a violent clash along their poorly controlled frontier.

Venezuela President Hugo Chavez, a fierce U.S. foe, has ramped up his rhetoric with talk of war and ordered Colombian imports cut to protest a Colombian plan to allow U.S. troops more access to bases to fight cocaine lords and guerrillas.

Colombia cuts power supplies to Venezuela, Ecuador

Colombia reduces power supplies to neighboring Venezuela, Ecuador

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#2) On December 04, 2009 at 11:25 PM, alstry (< 20) wrote:

When Money runs Low.....Soon Fighting Is The Only Show

Colombia says Venezuela imposes Cuba-like embargo

Colombia Bank Says Venezuela Export Dive Prompted Cut (Update1) Dec. 4 (Bloomberg) -- Colombian policy makers said a plunge in exports to Venezuela and below-target inflation supported last month’s decision to cut interest rates in an effort to spur sluggish domestic demand.

Embargos, Trade Wars, and Blockades.....often are just the first step.

If you really think about it, you can't simply run massive deficits and be a welfare state forever.

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#3) On December 04, 2009 at 11:27 PM, AltData (31.90) wrote:

They don't call oil "blackgold" for nothing.

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#4) On December 05, 2009 at 1:22 AM, mliu01 (< 20) wrote:

gold worthless? are you kidding me. lol

Then tell me what they sell oil for? dollars? Or everyone get free oil?

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#5) On December 05, 2009 at 1:36 AM, APJ4RealHoldings (39.51) wrote:

Great post/links to world affairs happening now.  Thank you.

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#6) On December 05, 2009 at 2:32 AM, 1315623493 wrote:

It's Friday night. Get out sometime!

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#7) On December 05, 2009 at 7:18 AM, alstry (< 20) wrote:

Mliu...focus on the content, not the headllines.

Venezuela's government took over three more banks Friday, adding to a growing list of smaller banks in the oil-rich country that have been seized by the government this week on charges that its owners illegally used deposits for their own enrichment.

The growing scandal has unnerved depositors about which banks are safe, posing a threat to the broader banking system. It has also become a potential political liability for President Hugo Chávez, because the owners of the seized banks were seen as close to top officials.

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#8) On December 05, 2009 at 8:51 AM, lquadland10 (< 20) wrote:

The CFR has been busy. So has Rothschilds family clan.

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#9) On December 05, 2009 at 9:03 AM, scherniak (< 20) wrote:

Gold is useless...period. Unless you're a rapper. Doesn't pay anything. Just another asset class being chased by lemmings under the advice of parrots.


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#10) On December 05, 2009 at 9:34 AM, mawnck (< 20) wrote:

I, for one, welcome our new Rothschild overlords.

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#11) On December 05, 2009 at 6:43 PM, alexxlea (62.41) wrote:

I'd ask if you were dumb, but that would be being very rude.


You ask what we would trade for oil, if not gold.

You wouldn't trade for it.

If you have the oil you have the power. You have the fuel that everyone needs to keep their war machines going. You would have to be willing to defend that oil with your life.


It's been a mandate of ours to keep an open oil supply through peaceful means, as that's far cheaper than through force, but when it comes down to it, a world war is clearly in the making.

I'm not looking forward to the global events that will transpire in my lifetime. 

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