Geopolitics

Mexico’s Zetas drug cartel strikes gold in the coal business

"Mexican druglords have found an earthy new source of wealth: dirty old coal. They are mining it themselves in a coal-rich area along the US border or buying it from small mine operators, then reselling it to a state-owned company at fabulous margins that can see them make a profit 30 times greater than their initial investment. Reforma newspaper says the Zetas produce or buy 10,000 tonnes of coal a week. Selling it at their inflated prices, that means yearly revenue of $22 million to $25 million." Continue reading →

Continue ReadingMexico’s Zetas drug cartel strikes gold in the coal business

Alberta Energy Minister Ken Hughes says province looking to tap U.S. military personnel to help develop oilsands

"Hughes said there are a half-million unemployed or underemployed younger military veterans in the U.S. Forecasts conducted on the labour needs of Alberta’s energy sector range greatly, with one study stating the province could be short 130,000 workers within seven years. Concerns over the welfare of U.S. military personnel returning from overseas — particularly the wars in Iraq and Afghanistan — have been growing in the U.S. Among the challenges they face are homelessness, post-traumatic stress disorder and unemployment in a country still struggling with an unemployment rate of around 8%." Continue reading →

Continue ReadingAlberta Energy Minister Ken Hughes says province looking to tap U.S. military personnel to help develop oilsands

U.S. gives ‘full backing’ to Israel while urging de-escalation of Gaza violence

"The Israeli ambassador to Washington, Michael Oren, says the US has given his government a free hand in its assault on Gaza as the Israeli cabinet ordered a large call up of military reserves, prompting fears of a ground invasion. The Palestinian delegation to Washington condemned the US response to the crisis as 'biased and weak', and called on the White House to stop Israel using American-made weapons against civilians. It also described as 'shameful' what it called the justification of the murder of Palestinians by countries supporting Israeli actions, including Britain." Continue reading →

Continue ReadingU.S. gives ‘full backing’ to Israel while urging de-escalation of Gaza violence

Stuxnet goes out of control: Chevron infected by anti-Iranian virus, others could be next

"America’s cyberwar is already seeing collateral damage, and it’s hitting the country’s own billion-dollar companies. Oil giants Chevron say the Stuxnet computer virus made by the US to target Iran infected their systems as well. California-based Chevron, a Fortune 500 company that’s among the biggest corporations in the world, admits this week that they discovered the Stuxnet worm on their systems back in 2010. Up until now, Chevron managed to make their finding a well-kept secret, and their disclosure marks the first time a US company has come clean about being infected by the virus intended for Iran’s nuclear enrichment program." Continue reading →

Continue ReadingStuxnet goes out of control: Chevron infected by anti-Iranian virus, others could be next

UN to investigate civilian deaths from U.S. drone strikes

"The United Nations is to set up a dedicated investigations unit in Geneva to examine the legality of drone attacks in cases where civilians are killed in so-called ‘targeted’ counter-terrorism operations. The announcement was made by Ben Emmerson QC, a UN special rapporteur, in a speech to Harvard law school in which he condemned secret rendition and waterboarding as crimes under international law. His forthright comments, directed at both US presidential candidates, will be seen as an explicit challenge to the prevailing US ideology of the global war on terror." Continue reading →

Continue ReadingUN to investigate civilian deaths from U.S. drone strikes

U.S. ‘coordinates weapon deliveries’ to Syria rebels: Russia

"'Washington is aware of the deliveries of various weapons to illegal armed groups active in Syria. Moreover, judging by the declarations of US officials published in US media, the US coordinates and provides logistical assistance in such deliveries,' the foreign ministry said in a statement. Russia’s top general Nikolai Makarov on Wednesday said rebels fighting against Bashar al-Assad’s army in Syria are using US-made Stingers, a type of shoulder-launched missile systems also known as MANPADs. State Department spokeswoman Victoria Nuland promptly denied that the US is delivering any such, or any other, weapons to the rebels." Continue reading →

Continue ReadingU.S. ‘coordinates weapon deliveries’ to Syria rebels: Russia

Asian economies turn to yuan

"A 'renminbi bloc' has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. Now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report." Continue reading →

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If Iran Mines the Strait of Hormuz

"In a sea drill the US Navy only found half of the mines planted in a Strait of Hormuz simulation drill. I don't know if you buy the 'we only found the important ones' argument or not but I think this exercise shows how difficult/how long it would take to reopen the strait if the Iranians mined the passage. If Iran ever does mine the strait it could take weeks to clear it. In the mean time the price of oil would explode to the upside. Perhaps this simulation will make our leaders and policy makers beat the war drum a bit softer?" Continue reading →

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Jim Rogers on Politics, Money Metals and How to Deal With an Endless Downturn

"Be very careful. Study some history and study some economics and see how these things always play out in the end. Prepare yourself. Make sure you have a professional advisor and you should do okay. Make sure you have investments that will do okay. Move to a new country if you are worried about your own country. I own commodities and currencies. I short stocks. I teach my children Mandarin. Both of my children speak perfect Mandarin. Both English and Mandarin will be important in the 21st century, in my view. We moved to Singapore so my children could learn and speak Mandarin. That's how I'm living my life." Continue reading →

Continue ReadingJim Rogers on Politics, Money Metals and How to Deal With an Endless Downturn