OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Saudis Halt Oil Shipments Through Red Sea: A Potential Watershed In The Yemen War

Posted by ipso facto @ 10:44 on July 26, 2018  

Submitted by James M Dorsey

A spike in oil prices as a result of a temporary halt in shipments through the strategic Bab el Mandeb strait may be short-lived, but the impact on Yemen’s three-year-old forgotten war is likely to put the devastating conflict on the front burner.

The halt following a Saudi assertion that Iran-backed Houthi rebels in Yemen had attacked two Saudi oil tankers traversing the waterway drives home the threat the conflict poses to a chokepoint in international trade and the flow of Gulf oil to world markets. The Houthis said they had attacked a Saudi warship rather than oil tankers.

An estimated 4.8 million barrels of oil are shipped daily through Bab al Mandeb that connects the Red Sea with the Arabian Sea off the coast of Yemen, Djibouti, and Eritrea.

https://www.zerohedge.com/news/2018-07-26/saudis-halt-oil-shipments-through-red-sea-potential-watershed-yemen-war

B of A effing their customers once again

Posted by ipso facto @ 10:23 on July 26, 2018  

Safe Boxes May Not Be Safe After All

ORANGEVALE (CBS13) – A woman says her bank let her safe deposit box vanish. And she’s not the only one.

Susan Nomi says when she went to open her Bank of America safe deposit box of 16 years, the entire box was gone.

That’s where she kept her family’s jewelry and her dad’s coin collection.

“I was in shock; I was just like what happened to my box,” said Nomi.

She says Bank of America can’t explain where her valuables went.

“They don’t have an answer. They don’t have an answer. They say thanks for letting us know,” she says.

Nomi was infuriated, especially considering she is a retired Bank of America employee of 40 years. And she’s not alone. Others have complained that Bank of America drilled their safe deposit boxes without permission or notice.

Wendy Woo says her belongings were taken out of her safe deposit box and shipped to her.

“Everything was dumped in a plastic bag,” said Woo.

She says a ring was missing a stone and a necklace was damaged in the process.

“Safe deposit box….that’s what it’s for, safe,” she said.

Another family reported getting their safe deposit contents shipped back too, but claim $17,000 in jewelry was missing.

Then another woman who just wants to be identified as Maggie says, “I just got robbed from the bank.” “They just took my stuff,” she exclaimed.

cont. https://sacramento.cbslocal.com/2018/07/26/safe-boxes-stolen-drilled/

Facebook … el slaughteroso

Posted by ipso facto @ 10:17 on July 26, 2018  

http://schrts.co/9Sy3Kf

Not too shabby

Posted by ipso facto @ 10:06 on July 26, 2018  

Marathon Deposit Infill Drilling Intercepts High-Grade Zone: 7.97 g/t Au over 59.0 meters including 57.74 g/t Au over 5.0 meters, Valentine Lake Gold Camp, Newfoundland

https://finance.yahoo.com/news/marathon-deposit-infill-drilling-intercepts-110000744.html

Maya @ 3:04

Posted by ipso facto @ 10:01 on July 26, 2018  

Dustbowl anyone?

GG crushing GDX and HUI

Posted by Buygold @ 10:00 on July 26, 2018  

on earnings and production miss. NGD getting crushed for the same reason.

IT…JUST….NEVER….ENDS…

Today, financial markets now chiefly operate as a tool of government (“government finance quasi-Capitalism”).

Posted by Richard640 @ 9:24 on July 26, 2018  
THE FINANCIALIZATION OF THE WORLD.
 

Long before the financial crisis, I argued that “activist” central banking was on a very slippery slope. The evolution of New Age Finance took a giant leap with chairman Bernanke’s implementation of zero rates and QE. The Fed’s move to reflate the system through inflated market prices essentially ended the securities markets as mechanisms of self-adjustment and correction. Market discipline was dead. Today, financial markets now chiefly operate as a tool of government (“government finance quasi-Capitalism”).

This complex story turned only more convoluted as the world moved aggressively to adopt U.S.-style policies and, not to be left hopelessly behind, market-based finance. Are the profound changes in monetary management and the rise of the “strongman” politician mere coincidence? I would imagine Greenspan and Bernanke quietly abhor the rise of populism. Do they feel any sense of responsibility?

With central bankers so celebrated for blatantly manipulating markets, of course politicians, dictators and the like would insist on getting a piece of the action. Inflating financial markets became essential to power – economic, political and geopolitical. And as finance became integral to economic growth and the global power play, why not use financial sanctions or the threat of financial repercussions to dictate nation-state behavior? And, over time, attaining financial wealth became an absolute prerequisite for wielding geopolitical power and influence.

The old military variety appears almost feeble standing next to the contemporary Financial Arms Race. And if you seek dominance – domestically, regionally and/or internationally – you had better get a tight rein on the securities markets – whether you’re in Washington, Ankara, Moscow or Beijing. Beijing (and it’s “national team”) moved ahead in this regard, but it would appear Washington is today keen to play catch up. As market-based finance has commandeered the world, the centers of global power have moved to take command of the markets.

 
http://creditbubblebulletin.blogspot.com/2018/07/weekly-commentary-intimidate-nobody.html

Portugeezer

Posted by Captain Hook @ 8:20 on July 26, 2018  

He’s a self serving bureaucrat in filth city.

Cheers

Afganistan-Gaza-Sudan-Libya-Syria-Yemen-Pakistan all working hard to establish a civil society

Posted by Richard640 @ 7:47 on July 26, 2018  

Syrian City Rocked By Deadliest Terror Attack In The Last Two Years- 215 civilians killed, with over 180 more wounded.  [but a big break through in saudi arabia=women get to drive-whoopee! You’ve come a long way, baby!]

The deadliest terror attack in Syria in the last two years just rocked a city in southern Syria, yet few in the West will likely ever hear of it even as the reported death toll soared late in the day to over 215 civilians killed, with over 180 more wounded.
The Eiffel Tower won’t be lit up with colors of the Syrian flag in memory of victims, nor will viral #neverforget hashtags make the rounds on social media — and we don’t expect too many official condolences issued from European or Western political leaders, as has happened with terror attacks that hit the Western world over recent years (though to its credit the US State Department tonight belatedly condemned the “barbaric ISIS-claimed attacks that took place”).

Morning Portugeezer

Posted by Buygold @ 7:46 on July 26, 2018  

Just my opinion but Trey Gowdy is an establishment Republican with one foot in the Deep State, but he likes to masquerade as a tea party Republican. His career has been as a prosecutor so he has a love of big government. He sees the turn with Trump and the country’s disgust with the deep state and has decided to step aside – like Ryan. A smart move on his part.

Republicans need to continue to move toward the conservative right and hold those in the deep state whether Republican or Dem accountable for their crimes. They would be well served to elect someone like Jim Jordan as their next speaker.

Silver Train

Posted by Maya @ 3:06 on July 26, 2018  

rrflasher-copy

Mountains and Desert. This must be Nevada.
http://www.railpictures.net/photo/661683/

 

Ipso & Goldi – Food Supply

Posted by Maya @ 3:04 on July 26, 2018  

It is said that ‘what turns a recession into a depression is a drought’!

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.