Posted on 11/13/2010 8:36:03 PM PST by SunkenCiv
OK, I count 33 people in this picture. Is this the G20 or G33?
Looks like a smiling tyrant convention.
if Zero was any further to the one side, he’d be out of the picture entirely - photographs are powerful things
Whomever it was, probably will win the next Nobel Peace Prize.
http://www.freerepublic.com/focus/news/2626723/posts?page=10#10
Is me or what does Obama look like little kid among the grownups LOL!
G20 or G33, they’ve sunk a battleship.
...The source for the euro exchange rate is the Federal Reserve, and I have calculated the euro's average exchange rate to the dollar for each year based on daily data.OPEC Has Already Turned to the Euro
GoldMoney Alert
February 18, 2004
|
US Imports of Crude oil
|
|||||
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
|
Year
|
Quantity (thousands of barrels)
|
Value (thousands of US dollars)
|
Unit price (US dollars)
|
Average daily US$ per € exchange rate
|
Unit price (euros)
|
|
2001 |
3,471,066
|
74,292,894
|
21.40
|
0.8952
|
23.91
|
|
2002
|
3,418,021
|
77,283,329
|
22.61
|
0.9454
|
23.92
|
|
2003
|
3,673,596
|
99,094,675
|
26.97
|
1.1321
|
23.82
|
We can see from column (4) in the above table that in 2001, each barrel of imported crude oil cost $21.40 on average for that year. But by 2003 the average price of a barrel of crude oil had risen 26.0% to $26.97 per barrel. However, the important point is shown in column (6). Note that the price of crude oil in terms of euros is essentially unchanged throughout this 3-year period.
As the dollar has fallen, the dollar price of crude oil has risen. But the euro price of crude oil remains essentially unchanged throughout this 3-year period. It does not seem logical that this result is pure coincidence. It is more likely the result of purposeful design, namely, that OPEC is mindful of the dollar's decline and increases the dollar price of its crude oil by an amount that offsets the loss in purchasing power OPEC's members would otherwise incur. In short, OPEC is protecting its purchasing power as the dollar declines.
I am not sure OPEC has that kind of pricing power, and I’m not sure why you didn’t show beyond 2003.
To me it proves the dollar has fallen vs oil and the Euro, whereas, at least until 2003, the Euro was holding its own and preserving it’s value.
What I found interesting about the G-20 was that Obama ran for President criticizing President Bush and alienating our allies and he went to the G 20 summit alienated our allies and defended going it alone on economic policy!!!
Eventually this could harm our national defense and invite aggression.
Translation: Bad world economy via U.S. = WW3
What it shows is, OPEC prices in Euros, which OPEC is perfectly powerful enough to do; the article came from 2004, so there’s no data after 2003.
The USD has fluctuated against the Euro (nothin’ new about that); the Euro’s sudden fall during the various deficit and banking system crises over a year ago was good for oil prices in the US, but now those have crept back toward triple digits. Which reminds me, I’ve gotta gas up today.
Zero wasn’t a convincing candidate, not credible in any way; just goes to show how blind and ignorant leftist (and for that matter, “rightist”) hatred was toward GWB and toward Pubbies in general.
The only risk of WW3 imv is a precipitous rise in oil prices; that is only likely to happen due to a real or perceived lack of supply, even if it’s only short term. China doesn’t have the capability to meaningfully intervene in the Middle East if (well, when) Iran starts the next war, but Iran has some sort of alliance or near-alliance with Iran, part of the competition between Russia and China as they vie for influence.
It is in Iran’s interest to delay its beginning until it has accumulated as many advantages as it can, and while it obtains as many of the fruits of war (without actually fighting it) as it can. Zero’s concentration on Yemen’s new civil war is due to the growing threat of an out-of-control wild every-man-for-himself shootout in the Kingdom.
Iranian missiles also shadow the shipping route through the Red Sea, and those will have to be removed — and they should have been removed, with or without warning, as soon as they’d arrived.
jeez.
“Iran has some sort of alliance or near-alliance with Iran”
s/b
“Iran has some sort of alliance or near-alliance with China”
“Iranian missiles also shadow the shipping route through the Red Sea”
still thinking about this frightening fact.
I thought I’d seen an FR topic about this, but in the meantime (while I look for more), this turned up.
http://www.freerepublic.com/focus/news/2384544/posts?page=3#3
Funny and also — an act of war. Bush was correct about the Axis of Evil.
Japan’s World War II Balloon Bomb Attacks
http://greyfalcon.us/restored/Balloon1.htm
[Launched by Japanese school kids, balloons traveled across the Pacific]
“The balloons had been made by Japanese schoolgirls from paper and paste...”
http://www.texasalmanac.com/history/highlights/bombing/
“The balloon attack program was conceived by Major General Kusaba ...”
http://wiballoongroup.org/ventline/VentlineJanFeb10.pdf
On This Day: Japanese WWII Balloon Bomb Kills 6 in Oregon
http://www.findingdulcinea.com/news/on-this-day/May-June-08/On-this-Day—Japanese-WWII—Balloon-Bomb—Kills-Six-in-Oregon.html
“In a little-known 1944 Fu-Go campaign, Japan released between 9000 and ...”
[If I recall correctly from watching “Why We Fight”, Japanese students were also ordered to launch the balloon-bombs.]
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