<DrumBeat: November 4, 2007 The Oil Drum Six steps to “getting” the global ecological crisis>

89 comments on Peak oil coverage on CNBC

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Samsara on November 4, 2007 - 12:49pm Permalink | Subthread | Parent | Comments top

A couple of links for the stories you noted.

Missing Nukes: Treason of the Highest Order
http://www.globalresearch.ca/index.php?context=va&aid=7158

Bond Insurers Are Going Bankrupt Now
http://elainemeinelsupkis.typepad.com/money_matters/2007/11/elaine-meine...

Also, make sure to read Doug's piece this week.

Road to Ruin
by Doug Noland

I pose the following question for contemplation: How much would the Chinese government, with their $1.4 TN stockpile of chiefly dollar reserves, be willing these days to pay for the necessary energy resources to sustain their economy and stem social unrest?

http://www.safehaven.com/article-8752.htm

This one by Mish is a MUST READ. This week we just might see the whole banking industry go "Caster's Up" as we say in the IT world.

Downward Spiral of Deep Junk
by Mike Shedlock

Credit-default swaps tied to MBIA Inc., the world's biggest bond insurer, rose 60 basis points to 480 basis points, the widest in at least three years, according to CMA Datavision in New York.

Ambac Financial Group Inc., the second-biggest bond insurer, climbed 63 basis points to 689 basis points, CMA prices show.

The last two sentences in the above snips hold the key to a cascade of defaults. Let's continue with that thought to see why.

Buckle Up folks.

John

http://www.safehaven.com/article-8758.htm

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mcgowanmc on November 4, 2007 - 1:13pm Permalink | Subthread | Parent | Comments top

Thank you very much.

I read them. Robert Rubin to be head of Citigroup.-calculatedRiskblogspot

Unloading Toxic Waste Mortgage Backed Securities: “We Americans Were Very Clever”
November 2nd, 2007

http://cryptogon.com/?p=1555

Arkansaw of Samuel L Clemens

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SacredCowTipper on November 5, 2007 - 2:48am Permalink | Subthread | Parent | Comments top

Iran already has twelve nuclear capable cruise missiles purchased from the Ukraine right after the Soviet Union broke up. There is no evidence that they got the warheads by some other channel, but on the other hand they were highly motivated and Putin visited there just a few days back. Would they arm the Iranians to resist U.S. aggression if they had plausible denial? Yes, I think things are getting that crazy ...

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89 comments on Peak oil coverage on CNBC

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