"The action I am taking is no more than a radical measure to hasten the explosion of truth and justice. I have but one passion: to enlighten those who have been kept in the dark, in the name of humanity which has suffered so much and is entitled to happiness. My fiery protest is simply the cry of my very soul. Let them dare, then, to bring me before a court of law and let the enquiry take place in broad daylight!" - Emile Zola, J'accuse! (1898) -

Monday, June 30, 2008

Tanking; Can You Say Depression?

The Facts From Ross Perot : Tanking; Can You Say Depression?

Why this web site now? Because we are running out of time.

The American people must wake up and face the reality that promises made in the past will soon bankrupt this nation. These problems are explained in an easy-to-understand chart presentation.

Soros: Financial Crisis Stems from 'Super-Bubble'

Buffett: I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

Bloomberg.com: U.S.

Jun 26, 2008 ... June 26 (Bloomberg) -- U.S. stocks tumbled, sending the Dow Jones Industrial Average to its worst June since the Great Depression, ...
www.bloomberg.com/apps/news?pid=20601103&sid=aBzD.V1iluuA&refer=news -

9 in 10 see rising gas prices causing family hardship

By ALAN FRAM, Associated Press Writer

WASHINGTON (AP) — Four dollar a gallon gas has stolen a beach vacation in South Carolina from Julie Jacobs' family and exotic bath washes from Angela Crawford. Phil English had to sell his beloved but fuel-guzzling red pickup.

Like a plague that does not discriminate by economic class, race or age, soaring gas prices are inflicting pain throughout the U.S. Nine in 10 expecting the ballooning costs to squeeze them financially over the next half year, an Associated Press-Yahoo! News poll said Monday.

Nearly half think that hardship will be serious. To cope, most are driving less, easing off the air conditioning and heating at home and cutting corners elsewhere. Half are curtailing vacation plans; nearly as many are considering buying cars that burn less gas.

As the price has spiraled upward so, too, has the public's ire. (MORE…)

Oil prices pass $143 a barrel

Oil prices surged above $143 a barrel for the first time ever Monday, as a weaker dollar spurred investors to seek refuge in dollar-denominated oil futures to hedge against inflation.

"The main factors behind the rise today are the U.S. dollar remains fragile and geopolitical tensions, particularly surrounding Iran," said David Moore, a commodity strategist at the Commonwealth Bank of Australia in Sydney. "That's unsettling for the oil market."

The European Central Bank may raise interest rates at its next meeting on Thursday, a move that would help strengthen the euro against the dollar, Moore said.

Light, sweet crude for August delivery rose $3.46 to $143.67 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe.

On Friday, crude futures spiked to a record $142.99 a barrel in New York before closing at $140.21.

In London, Brent crude futures rose $2.87 to $143.18 a barrel on the ICE Futures exchange in London.

Analysts said daily trading volumes for Nymex oil would probably continue last week's trend and stay on the light side, leading to higher volatility during the trading sessions.

"We would not expect liquidity to be much better this week, as it will be a short trading week due to the July 4 weekend," Olivier Jakob of Petromatrix in Switzerland said in a research note.

Worries about tight oil supplies and growing global demand are also major factors in the doubling of oil prices since last year, Moore said.

Traders were digesting reported comments from the commander of Iran's Revolutionary Guards, who warned that if his country is attacked, Tehran would strike back by barraging Israel with missiles. In a report published Saturday in the conservative Jam-e-Jam newspaper, Gen. Mohammad Ali Jafari said that if Iran were provoked, it would also move to control a key oil passageway in the Gulf.

Iran is the world's fourth-largest oil exporter and about 60 percent of the world's oil passes through the strategic Strait of Hormuz.

The report comes after the disclosure of a recent Israeli military exercise over the Mediterranean Sea that was seen as sending a message to Iran to curb its nuclear ambitions.

The dollar has weakened on expectations the Federal Reserve Board won't soon raise interest rates as the U.S. economy struggles with low growth. The Fed left its benchmark rate unchanged last week.

The dollar dipped to 105.15 yen on Monday from 106.12 late Friday, while the euro was slightly higher at $1.5813.

"ECB President Jean-Claude Trichet's hawkish stance (on) inflation" could mean the dollar may be headed for further weakness against the euro "and that's not bearish for oil," said The Schork Report edited by U.S. analyst and trader Stephen Schork.

A falling U.S. stock market has also led investors to seek higher-yielding investments such as oil and other commodities. The Dow Jones industrial average has fallen to its lowest level in nearly two years — and is down nearly 20 percent since its peak in October.

In other Nymex trading, heating oil futures rose 6.44 cents to $3.9710 a gallon (3.8 liters) while gasoline prices rose 5.08 cents to $3.5520 a gallon. Natural gas futures increased 15.2 cents to $13.35 per 1,000 cubic feet.

Full Coverage: Oil and Gas


Bush, oil executives, criminally liable for Iraq War, says Congressman
By PatriotG
The Democratic Congressman, who has yet to endorse Barack Obama for the presidential election, should also be in the news for his recent efforts to impeach President George W. Bush, however again the media is almost completely silent on ...
Ron Paul Forums - http://www.ronpaulforums.com

By Barbara Friedland
Impeach Bush. Villagers, come with your torches for Dick Cheney. Let's face it, the so called Vice President, who wields more power than anyone in the Western World, could swathe himself in donkeys and Obama buttons, and he would still ...
barbara friedland - http://barbarafriedland.typepad.com/barbarafriedland/

Vidal: Bush ended US as a republic
By willyloman
He also criticized the House of Representatives for not impeaching President Bush, over a wide array of subjects such as disclosure of CIA agent Valerie Plame’s covert status. Vidal did however single out Rep. ...
American Everyman - http://willyloman.wordpress.com

It's Coming Folks!



End Post…..