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“All The News You Never Knew You Needed To Know …Until Now.”

In The News: The prez sez it’s an “adjustment” - The Federal Reserve is going to buy back bonds to cover AIG’s financial insolvency… Wall street opens 100 points down and the global markets are reeling. More.

A little black humor, from January 21, 2008:

James Kunstler, author of The Long Emergency:
Clusterfuck Nation

Fullblown Panic

January 21, 2008

George W Bush, tried to appease the beast by offering each American adult the dollar equivalent of half a month’s mortgage payment - with the exhortation to drive forthwith to the nearest WalMart and blow it on salad shooters and plasma TV’s - but Hooverzilla just laughed at the offering and pounded the equity markets further into the dust of loss, while the “bank-like” guardians of wealth lay in the drainage ditches bleeding from their ears and eyes.

My favorite moment was seeing Treasury Secretary Paulson and one of his fellow shaved-head deputies at a press conference rostrum frantically trying to calm the news media rabble like a couple of extraplanetary high priests from a Star Trek episode - the batteries having run down in their laser wands, and their incantations (”liquidity! liquidity!) veering into mystifying glossolalia.

I resort to such admitted extreme hyperbole because it may be the only language that an infotainment- drunk society can still process in the face of an epochal calamity that will transform the lush terms of everyday life as we’ve known it into something like a bleak surrealist landscape in the manner of Tanguy….

[In Full]

Oil Industry in turmoil - The Brazilians have rejected membership overtures from OPEC and will try to run their own show all the way to ‘end product’ with the help of other oil producing Latin American countries. This MAY break OPEC’s hold on oil pricing.

Bolivia is at war with the rebels in the Pando province who are being financed by US military aid. Evo Morales, Bolivia’s leader, is in summit meetings in Chile this morning with other Andean nations.

In Nigeria the oil war called by MEND after a number attacks by government troops continues and pipelines are being shut down with the Nigerian army seeming ineffective.

Pure Ugly - In Afghanistan, the Pakistani army is involved in battles in Afghani Waziristan…

…and the Pakistani army has been ordered to shoot at any US troops or air attacks attempting to ‘intervene’.

Meanwhile, the Pentagon denies it:

Defense Spokesman Reaffirms Good U.S.-Pakistan Relationship

By Gerry J. Gilmore
American Forces Press Service

WASHINGTON, Sept. 16, 2008 – The United States and Pakistan are allies, and news reports saying Pakistani border troops would fire on U.S. forces are in error, a senior Defense Department official said here today….
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…“If you were to check with the government of Pakistan, they are correcting the record, so to speak, on that statement,”

Meanwhile, in Pakistan:

One such article featured a senior Pakistani military officer who implied that Pakistani forces had the right to fire on allied forces that crossed into Pakistani territory from Afghanistan. [In Full]

–30–
[September 16 2008] Travus T. Hipp Morning News & Commentary: It Hard To Be Aware, And Care, About The World’s Problems And ‘America’s Problems’… Case In Point, The Global Oil Production And Distribution Complex

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