http://rockthetruth.blogspot.com/2008/06/boston-globe-admits-us-economy-being.html
WEDNESDAY, JUNE 25, 2008
The Boston Globe Admits U.S. Economy Being Destroyed on Purpose
I saw Daniel Estulin on the I.N.N. network (which local cable access
picks up), and he described part of the economic plan currently
underway as being that as "demand destruction."
The idea is that you destroy the world economy and make every one
poorer, among other things.
And WHAT DO YOU KNOW, here are the terms appearing in my Globalist,
Agenda-Pushing War Daily.
"signs of demand destruction in the US." -- David Begleiter, a New
York-based analyst at Deutsche Bank AG.
"seeing demand deterioration in the US" -- Jim Ritterbusch, president
of energy consultancy Ritterbusch and Associates in Galena, Ill.
"Dow Chemical raises prices 2d time in 4 weeks" by Bloomberg News |
June 25, 2008
Dow Chemical Co. may continue raising prices after implementing
consecutive record increases because of surging raw material and
energy costs, chief executive Andrew Liveris said.
Dow, the largest US chemical producer, disclosed price increases
yesterday of as much as 25 percent effective in July. A 20 percent
increase for June resulted in "double-digit" price gains, Liveris
said. He said prices for some products will be as much as 35 percent
higher after the two increases.
Dow is also implementing a shipping surcharge and closing plants in
North America and Europe because of weak demand and rising energy and
raw-material expenses. Declining demand may prompt Dow to close even
more factories, particularly in higher-cost regions such as the United
States, Liveris said.
Where they moving them to?
David Begleiter, a New York-based analyst at Deutsche Bank AG, reduced
his second-quarter and full-year earnings estimates for Dow because of
rising costs and "signs of demand destruction in the US."
Dow's 3,200 products are used in thousands of consumer products,
including diapers, sneaker soles, carpets, and plastic bottles.
Dow plans to idle 20 percent of capacity for making Styrofoam
insulation in Europe and to shut three factories that make emulsion
polymers, used in paints, adhesives, and carpets. The emulsion plants
represent 25 percent of Dow capacity in North America and 10 percent
in Europe.
Three factories in the Dow Automotive unit will be permanently shut
because of declining North American sales, the company said. Details
on specific plant closures, job cuts, and related charges haven't been
determined, said a company spokesman.
--MORE--"
Of course, this next story is on page A6, lower left corner.
I rest my case on the MSM and their active concealing of the declining
dollar.
"Oil prices climb on weaker dollar, unrest in Nigeria" by Associated
Press | June 25, 2008
NEW YORK - Oil futures ended an uneven session with a modest gain
yesterday as traders awaited news that could help the market break out
of a trading range that has lasted for more than two weeks.
Retail gas prices, meanwhile, slipped to a national average of $4.07 a
gallon. At the pump, the average price of a gallon of regular gas
slipped 0.3 cent overnight to $4.07 a gallon, according to a survey of
stations by AAA, the Oil Price Information Service, and Wright Express.
"We're seeing demand deterioration in the US," said Jim Ritterbusch,
president of energy consultancy Ritterbusch and Associates in Galena,
Ill.
Many analysts believe the dollar's protracted decline has been one of
the main reasons oil has nearly doubled in the past year.
MSM sure does a good job of deemphasizing that one!
OPEC president Chakib Khelil insisted yesterday that oil producers saw
no need to raise supply, blaming high prices on factors such as US
pressure on Iran over its nuclear program and the weak dollar.
Yeah, THANKS ISRAEL!!
Thanks a WHOLE TON, you fucking assholes!!!!!
What kind of "friend" bends you over a damn barrel, readers -- and
SPIES ON YOU to boot?
Khelil's comments came days after Saudi Arabia disappointed the crude
futures market by saying it would boost production less than many had
hoped.
Another support for prices came from new sanctions against Iran
approved by European Union nations, imposing additional financial and
travel restrictions on a list of Iranian companies and experts
including the country's largest bank. The 27-nation bloc stopped short
of banning oil and gas exports from Iran, OPEC's second-largest
producer, in response to its nuclear program plans.
--MORE--"
Un-fucking-REAL!!!!
Tells you a) that the E.U. is just another Zionist tool and pawn, and
b) this is ALL A BUNCH OF BULLSHIT!!!
Yeah, DON'T CUT OFF the OIL and GAS -- but bomb the place to the ground!
FUCK YOU ASSHOLE WAR-MONGERS!!!
Posted by Rocker at 4:49 PM
Labels: Business, Neo-Con Plan