Wed, Mar 16, 2011
Subject: Japan Bank Holiday Looms
|Reported by Jack Gregson|
03-16-2011 • ZeroHedge.com
"Reuters reports that Tokyo Stock Exchange firms are seeking market closure as the markets are too volatile. We agree. This means we may get the first post September 11 bank holiday as early as tonight. If so, keep an eye on the USDJPY. "Some foreign financial institutions are calling for Japan's stock market to halt trading, while the Tokyo Stock Exchange and Japanese financial regulators are planning to keep markets open, news agency Nikkei reported. The news agency said officials from more than 10 non-Japanese financial firms held a conference call Tuesday afternoon, with some firms calling for the market to be closed immediately, Nikkei reported, citing people familiar with the discussion. Some participants argued that the market was too volatile to continue trading, according to the report." And if Japan closes, watch for rolling market shutdowns westward as the sun rises over each individual stock market. From Reuters: The TSE's rules allow it to shut down trading if it is possible that brokerages accounting for more than 20 percent of volume cannot do business, Nikkei reported. The prime minister can also halt trading if there's a change of "harm to the public good or investor protections," Nikkei reported. Japanese stocks plunged following an earthquake and tsunami, which subsequently caused a nuclear reactor disaster. Some foreign bank employees have fled the country as chaos erupted, leaving trading desks understaffed. The Nikkei report said TSE President Atsushi Saito wasn't prepared to shut the exchange down yet. Goldman Sachs, Morgan Stanley, Bank of America, JPMorgan Chase, Citigroup, HSBC, Barclays, Credit Suisse, Wells Fargo and UBS did not immediately provide comment on the situation. We wonder if hopium will work now that reality is finally reasserting itself. We can't wait to hear from all the momo permabulls on this issue."
|Reported by Jack Gregson|
03-16-2011 • Terrence Aym
"Russian geophysicist Pogrebnikov concurs with his colleagues at Harvard and Stanford: the earth may be in for a hell of a time. Imagine events just short of doomsday and you'll have a small glimpse of the global catastrophes that may lie just ahead. Some scientists have seen this future—and the future is damn scary.As the core shifts and the erratic geomagnetic field moves towards reversal, evidence mounts that studies such as "Ultralow-Frequency Magnetic Fields Preceding Large Earthquakes" by Antony C. Fraser-Smith of Stanford University and Harvard's "Statistical relationship of strong earthquakes with planetary geomagnetic field activity" reveal the increasing possibility that massive, 'continent killing' super-quakes will reshape the current maps of the world."
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Reported by Terrence Aym
American Oil – can you believe this!!!!!!?
American Oil – can you believe this!!!!!!?
OIL – you better sit down… Here's an interesting read, important and verifiable information: About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota , and extreme eastern Montana …… check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable… at $107 a barrel, we're looking at a resource base worth more than $5..3 trillion.
"When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst. "
This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada .. For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves…. and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!
That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should – because it's from 2006!
U. S. Oil Discovery- Largest Reserve in the World Stansberry Report Online – 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:
– 8-times as much oil as Saudi Arabia
– 18-times as much oil as Iraq
– 21-times as much oil as Kuwait
– 22-times as much oil as Iran
– 500-times as much oil as Yemen
– and it's all right here in the Western United States .
HOW can this BE?
HOW can we NOT BE extracting this?
Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy…..WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
Don't think 'OPEC' will drop its price – even with this find? Think again! It's all about the competitive marketplace, – it has to. Think OPEC just might be funding the environmentalists?
Got your attention yet?
Now, while you're thinking about it, do this:
Pass this along.
If you don't take a little time to do this,
then you should stifle yourself the next time you complain about gas prices – by doing NOTHING, you forfeit your right to complain.
Tags: Arab Oil, Bakken Formation, Bakkenshale.net, Bush Oil Barons, CFR, Cheap American Oil, Economic Collapse, Energy Information Administration, Financial Collapse, Freedomphoenix.com, Jack Gregson, James Bartis, Japanese Bank Holiday Imminent, Kissinger Oil Agreements, NWO, Oil Barrons, Pittsburgh Post Gazette, Prudhoe Bay Oil, Rocky Mountain Oil, Sierra Hancock, South Dakota Oil, USDJPY Flash Crashes, Williston Basin, Wolverine Oil, World Stansberry Report, ZeroHedge.com