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I was having a moment :)

When is this sh*t going to kick off?

Who Knows?

One of the many small fires


It's Official: Iran Says It Will Send 2 Warships Through Suez Canal

Submitted by Tyler Durden on 02/17/2011 08:45 -0500

After nothing happened last night, following Egypt's statement that it had not received a request to allow Iranian warships through the canal, PressTV has just announced that an Iran Navy official says the 2 warships are in fact on their way to the Canal and will pass shortly. Per Reuters, "the Iran state TV says Egypt sees nothing wrong with passage of Iranian warships through Suez Canal." The vessels in question are the Alvand frigate and the Kharg, a supply vessel.

Look for kneejerk reaction in crude.

Some more perspectives from Information Dissemination:

The two Iranian ships are the corvette Alvand and supply ship Kharg, both pictured in this blog post. The Alvand is the flagship of the Iranian Navy. Displacing around 1,500 tons, the ship comes armed with 4 C-802 anti-ship missiles, a 4.5in gun, torpedo launchers, and various smaller machine guns and mortars. The US Navy has seen this class of ship before, in battle. During Operation Preying Mantis in 1988, the Iranian corvette Sabalan was left paralyzed and on fire from a 500 lb bomb from an A-6, while another pair of A-6s crippled the Sahand where she later sunk southwest of Larak Island following a Harpoon strike from the USS Joseph Strauss (DDG-16). For the sake of symmetry, I'll note the A-6s involved in Operation Preying Mantis that slapped around the sister ships of Alvand were from the VA-95 "Green Lizards" and flown off none other than the USS Enterprise (CVN 65).

The Iranian flagship Alvand is not a naval threat to anyone in the region, and is not why Israel is raising concern. The ship has terrible anti-air capabilities that are no match against the capabilities of the Egyptian Air Force, the Royal Saudi Air Force, the Israeli Air Force, or Carrier Air Wing One on the USS Enterprise (CVN 65). While the media portrayal of the Iranian Navy near the Suez is one of distressing concern, the reality is that corvette represents the biggest regional target at sea for thousands of nautical miles. The media may describe the presence of the Iranian corvette in the context of doubt, fear, and concern; but given Israel's outrage and tendency to be trigger happy - allow me to suggest the scariest place to be in the Red Sea today is anywhere near that ship. I note the irony between how the news narrative represents a complete disconnect between perception and reality.

Speaking of Israeli concern, assuming it is legitimate and not parochial; it likely has to do with the supply ship Kharg and not the corvette Alvand.

The supply ship Kharg is much more interesting. The Kharg is the largest ship in the Iranian Navy displacing around 33,000 tons and is a modified Olwen class fast fleet tanker. This is a big ship, and with the current tensions between Israel and Hezbollah, Israel is likely very concerned about what the ship is carrying. As a Navy ship rather than a commercial ship, the ship will not be searched for cargo so the concern by the Israeli's is that the ship could carry weapons to Syria where weapons can be unloaded and sent to Lebanon. There are rumors that go back several years that the Kharg has been often been observed in the Gulf of Aden delivering weapons from Iran to destinations like Eritrea and the Sudan.

If you follow the Wikileaks cables you will note that this known arms smuggling connection between Iran and Eritrea was how the Government of Yemen believed the Houthis were being armed, although the cables actually reveal that is not how the Houthis are being armed based on different intelligence.

Are the Israeli's being paranoid? Probably not. The Kharg is the best choice of vessel to move substantial arms from Iran to Hezbollah quickly and without harassment. It is around 2,150nm from Bandar Abbas, Iran to Jeddah, Saudi Arabia - where these Iranian ships made port last week. While I understand that a little corvette might have to make stops every few thousand nautical miles - even a corvette with the range of the Alvand - why does a fast fleet tanker like Kharg need a fill up after only a few thousand miles travel?

Probably because the tanker is carrying more than fuel.

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Day Of Rage: Americans Finally Reacting To Economic Rape?

Cairo Moves To Madison: Protesters mass in hallways of Wisconsin state Capitol as debt black hole threatens riots

Paul Joseph Watson

Prison Planet.com

Thursday, February 17, 2011

Last month we speculated how long it would take for the scenes on the streets of Cairo to be repeated in America. After all, Americans are facing similar levels of economic rape to those that prompted Egyptians to rise up and overthrow 30 year dictator Hosni Mubarak.

Now Wisconsin Congressman Paul Ryan ® is making similar comparisons after protesters massed in the hallways of the Wisconsin state Capitol this morning as part of what Matt Drudge dubbed a “day of rage”.

The demonstrators are rallying against a “momentous bill that would strip government workers, including school teachers, of nearly all collective bargaining rights,” reports the Associated Press.

The bill asks public sector workers to make a 5.8 percent pension contribution, roughly equal to the national average, along with a 12.6 percent health insurance contribution.

Ryan expressed his opposition to the demands of the protesters, but noted that the Wisconsin Governor Scott Walker was now facing, “Riots — it’s like Cairo has moved to Madison these days.”

Similarly, noting that the Governor has threatened to break the union protests by deploying the National Guard, writer Noam Chomsky told Democracy Now that what happened in Egypt was “the beginning of what we need here – democracy uprising.”

As part of the demonstration against the bill, students of Stoughton High School staged a walkout on Monday as a show of support for their teachers.

Whether you’re in favor of making public sector workers pay more in contributions or not, the fact is that Americans in general now face the terrible consequences of a derivatives debt black hole that threatens to shut down the entire economy.

No budget cuts, public sector pension contributions, or any austerity measures whatsoever can redress the $1.4 Quadrillion dollar derivatives debt tsunami that Americans will now have to face as a result of the financial terrorists unleashing what promises to turn into an inflationary holocaust.

As the Economic Edge blog points out, “The global size of the derivatives bubble which was calculated last year at USD 190k per person-on-planet, has risen to USD 206k per person-on-planet. The ever rising commitment of governments for the repeated bailouts of financial institutions is partially linked to various flavours of derivatives exposure settlements and “black hole” losses emanating from off-balance-sheet vehicles.”

Indeed, the entire GDP of every single country in the world only amounts to around $60 trillion. How can we ever hope to pay off $1,400 trillion dollars?

We can’t and we won’t. The only way that this $1.4 Quadrillion mountain of debt will disappear is a total and complete collapse of the global economy and its replacement with a new financial system.

Whether that also simultaneously brings down the US dollar and the United States itself as a first world country remains to be seen, but anyone who believes that a few years of austerity can redress the balance is living in cloud cuckoo land.

Once the whole charade starts to unravel, the scenes we saw in Cairo over the last few weeks will look like a walk in the park in comparison to the turmoil that awaits as a result of the derivatives bubble.

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  • 444 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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