The big story of the morning is that the US intel supporting a strike on Iran is on the weak side. So now, the WH is considering the option of going to plan B – War Show Lite. The devil is always in the details…so here we go: What could pending hostilities do to the price of oil – and hence gasoline? The CNBC piece over here addresses some of that.
My brother in law announced to Elaine recently that “There is no ‘Peak Oil’and went on to explain how we have oil coming out of our ears and on thing ledto another and next thing you know, I was biting my tongue and slinking out thedoor toward my office because I wanted to write a rather lengthy responsebecause a number of readers, a few subscribers, and even my brother in law don’tthing that Peak Oil is real. So this morning we run through somedefinitional points and scale the reality. At it’s extremes, at $10,000 abarrel, there is no peak oil…but here in under $10/gallon land, that’s anothermatter altogether. But before we get into the modeling of how Peak Oilworks, we’ll run through some headlines and a cuppa coffee or three…How about we start with damning false flag which you can find here in web archives from January of this year? (Note this Link may not work in Explorer, but it works in Firefox…) You can follow the backlinks to the genesis of current events by following links to that storysource…
Thursday morning, we recounted one of our Wujo tales, wherein a reader reported on the case of mysterious sandals that seem to have gone walking about on their own. At the end of the column the WjD (wujo detective degree abbreviation) asked a number of questions which might lead directly to a simple solution to this apparent contradiction between observed reality and more or less normal events. We have some answers: “Logically, the dog fetched them from the stairs, brought them inside (do you have a pet door?) went up stairs looking for the kid, not finding him, notice someone in the recliner and dumped them under there…???
Ure’s truly did not win the PowerBall last night, and if you have time to read this, neither did you by the looks of it, although a number of lucky people did. Turns out the winners included one in Minnesota and two in New Joisey. (sic) The good news, such as it is, may be that there’s another column to read although I was anticipating being able to post my farewell, audios, sayonara letter. Maybe (hopefully) next time. This leaves me stuck in my “get rich slow” rut, which isn’t bad, but I’m an impatient cuss.
Ure’s truly did not win the PowerBall last night, and if you have time to read this, neither did you by the looks of it, although a number of lucky people did. Turns out the winners included one in Minnesota and two in New Joisey. (sic) The good news, such as it is, may be that there’s another column to read although I was anticipating being able to post my farewell, audios, sayonara letter. Maybe (hopefully) next time. This leaves me stuck in my “get rich slow” rut, which isn’t bad, but I’m an impatient cuss.
This morning’s report is a bit longer than usual, but with good reason. Despite the distractions of small-fry stories of late (babies and trials and such) there are a number of very big stories like the NSA spying mess which deserve thoughtful consideration because they will steer the country’s future. So read this morning’s Coping section below. Since our roots are economic, we start with the generalization that “You know your country is in trouble when a lousy 1.8% annual growth rate” spurs the Dow toward new all-time highs.
Our long-term reader/contributor G.A. Stewart (which he’s not off being a techie) is one of the world’s leading Nostradamus thinkers. His website over at www.theageofdesolation.
You know column writing has crashed in the summer doldrums when something as obscure as National Hot Dog Day is our lead item. Yet with markets stuck in “noise trading” (futures are up a dab, gold’s back to $1,330 and Bitcoins are around $90-something) other than rejoicing that oil is back down to $106) there’s little to write about. Still, it might be worth dropping by a 7-11 or Sunoco to see if they are giving out freebies and buying a drink while you’re there. Dollar dogs at Sonic, too. National Hot Dog Day seems a uniquely American counterpoint to…
Complexity is a grand and glorious thing: It enables people to hide the truth right in front of themselves and even go so far as to deny its reality. Against that backdrop, please consider: If you had purchased an item in 1999 that cost $100 (back then) the same thing today would (using Fed figures) cost $140.17.