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Rising world oil prices threaten to raise cost of consumer electronics

February 22, 2011 Comments off

The following article is reprinted with permission from PanARMENIAN Net.
 

Rising world oil prices threaten to raise cost of consumer electronics
Source  PanARMENIAN
February 22, 2011  12:41 AMT

(PanARMENIAN.Net) – Rising world oil prices threaten to raise the cost of consumer electronics and slow development by forcing Asian manufacturers to spend more on transportation and raw materials, regional economists say.

Oil prices have been pushed up by unrest in the Middle East and the cost of crude for April delivery moved close to US$100 a barrel on Feb 21. This threatens to jack up transportation expenses, which account for roughly 20 percent of the cost of products made in East Asia, according to analysts.

The cost of raw materials such as plastics for computer casing or chemicals for mobile phone printed circuit boards will also go up if petrochemical factories end up paying more for crude supplies.

Oil refiners or naptha crackers would pass on about 80 percent of their higher costs to electronics firms who buy from them, said Wai Ho Leong, regional economist with Barclays Capital in Singapore.

“I assume the oil price hikes would be passed through to end users,” Tim Condon, chief economist with ING in Singapore. “Activity would slow because consumers wouldn’t be parting with their money. Demand would go down, you’d see unwanted inventory accumulating, and you’d see product cutbacks and employment effects.”

So far oil prices that have tested their highest since mid-2008 haven’t cramped Asia’s momentum in PCs seen during the Western year-end holidays and China’s Lunar New Year, analysts say.

But if the prices stay above $100 per barrel – and fresh violence in Libya could push them into that groove – for six to 12 months, manufacturers will be pinched.

“There is already some moderation kicking in,” said Joanna Tan, economist with Forecast Ltd in Singapore. “With the oil prices up, we could see more moderation. It really depends on how long it drags on.”

A dent in general world consumer confidence driven by higher oil prices could reduce demand for electronics, prompting manufacturers to pull back on capital expenditures for development of new technology, said Tony Phoo, economist with Standard Chartered in Taipei.

Oil prices that topped $140 per barrel in 2008 contributed to a slowdown in the growth of India’s PC market and compounded the woes of manufacturers elsewhere as the world economy struggled against fallout from the U.S. sub-prime mortgage crisis.

Electronics firms are not assuming business as usual this year but keeping a wary eye on the second quarter of 2011 for any signs that oil prices will stay high, IDG New Service reports.

[End.]

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Categories: CHN, LIB, SINGAPORE, TAI, USA, WORLD

STANISLAV MISHIN: How the Muslim Brotherhood Saved the U.S. Dollar

January 30, 2011 Comments off

The following column is reprinted with permission from Stanislav Mishin, a regular contributor to Russian newspaper Pravda.
 

How the Muslim Brotherhood Saved the U.S. Dollar
©  Stanislav Mishin
Source:  Mat Rodina
January 30, 2011

There are two truths that the Anglo Elites know all too well: democracy in the West means a ruling oligarchy with good PR, democracy in the Middle East means Islamic Jihadists and Fundamentalists. This has been a fact for many years and is not, in any way a shock or disconnect for any of the American elites now backing “democracy” revolutions.

1.  Iranian revolution, 1978-1979: Mass protests by a wide coalition against the King. Result? Mullahs take over.

2.  Egypt has free parliamentary elections. Results? The Muslim Brotherhood becomes the second most powerful party in the country, before being quickly banned.

3.  Americans allow free elections in Iraq. Results? Islamist parties become the main power blocks in power.

4.  Palestinians have free elections: Voters protest against corrupt regime. Result? Hamas is now running the Gaza Strip.

5.  Beirut Spring: Christians, Sunni Muslims, and Druze unite against Syrian control. Moderate government gains power. Result? Hezbollah is now the main political force in Lebanon.

6.  Algeria holds free elections: Voters back moderate Islamist group. Result? Military coup; Islamists turn (or reveal their true thinking) radical; tens of thousands of people killed.

Quite simply, the majority of the population has an insane infatuation with extremist Islam, be it Shiite or Sunni. Again, none of this is a surprise to the owners of the Anglo sphere. So why are they so actively backing revolutions and over throws throughout the Middle East?

Already a revolution has swept out the sectarian dictator of Tunisia, with Islamists quickly moving in. Exiled leader of Tunisian Islamist party returning to role in ‘new era of democracy’.

Protests, demonstrations and revolutions have now spread to Algeria, Egypt, Jordan, Lebanon, Albania, Yemen and Saudi Arabia. Egypt is by far, the worst hit, with the government teetering, mass looting and violence becoming the norm and the Muslim Brotherhood riding high.

All of this, of course is nothing new, it is a rehash of past and present events. So, my astute readers are now asking, again, why are the Anglo Elites servicing these revolutions and how will this save the U.S. dollar, or at least stave off its death for a few more years?

To answer that one must understand that to be a vassal, er, an ally of the Anglos is worse than to be an enemy. At least an enemy knows where he stands, while an ally will be used and when his or her utilization has reached its max, will be betrayed, back stabbed and sold out as best suits the Anglos, be it an Irishman or a Half Arab who sits in the Oval Office.

So now the time has come for a new round of betrayals, to prop up the USD at the expense of allies. You see, dear reader, the U.S. dollar is the exchange currency for Oil and Gas and the higher the price, the more the USD is demanded. The more that is demanded, to buy the more expensive oil and gas, the more debt currency the U.S. private Federal Reserve gets to print up and drop off on the world, allowing for accumulation of real resources, worth real value, as well as continuing pointless Marxist programs and the off-shoring of American hyper inflation to the rest of humanity.

This is nothing new. The U.S. ‘colour revolutions’ were used in the Central Asian states, to create havoc in areas adjacent to oil. The first was in Uzbekistan, where the socialist dictator and U.S. ally, Karimov, has been designated for removal by a U.S.-sponsored Islamic revolution. Unfortunately for the Americans, Karimov had no problem massacring the American paid for revolutionaries. He followed this by ousting the U.S. base on his lands and running to Moscow for protection.

The U.S. dollar did not get its intended boost in the Central Asian territories, at that time, however, the Americans did not give up. Even if a revolution fails in the directly affected area, one can be staged in an adjacent area which will lead to further instability in the intended area, thus driving up the price of oil and gas. To that end, the Americans created and backed the civil war in Tajikistan, where Uzbeki fanatics, in the south of the country now have defacto rule and will export their jihad to their own mother country, thus ensuring high levels of instability for decades to come.

To that same end, the Americans are backing the revolutions on the periphery of the main oil fields of the Middle East, in full knowledge that this will spill further and further into the oil producing regions. That is the plan, after all.

Tunisia, itself, a small time oil producer, accounts for 40,000 barrels/day.

Algeria and Yemen have also faced mass protests, funded and organized by Western NGOs, even as the owners of those NGOs pretend to be sympathetic to the rulers of the countries in question. However, as in Uzbekistan, these rulers have and will continue to respond with massive force, making sure that their U.S.-sponsored, home grown Islamics do not get very far. In Yemen, early Sunday, the government arrested Tawakul Karman, a prominent journalist and member of the Islamist party Isiah. He had organized protests through text messages and emails. All of the Western press are playing their roll, screaming to the high heavens about this Islamic fundamentalist’s follow on release and her love of freedom, even though Fundamentalist Islam believes in Sharia and has no freedom, other than the right to murder unbelievers.

Jordan, one of the most stable regional powers, has also been rocked by protests, as more than 5,000 people took to the streets, demanding the King give up his power, to “the people”.

Egypt has not been so lucky. Its government has proven, so far, to be weak, with many in the military openly siding with the Islamic Brotherhood and its Western NGO backers. Looting in the streets is rampant, as is direct confrontation with those special police forces, and special forces, still loyal to the dictatorship. The end is only a matter of time.

Egypt itself is responsible for the production of 680,000 barrels of oil per day. While this is about 1-2% of the world total output, Egypt further plays a massive role, with the Suez Canal and the alternate Surned pipeline, of passing an additional 1 million barrels of crude bound for the European and American markets. It is bad enough with the Somali pirates pushing up the price of oil, or why do you think that a trigger-happy America willing to invade just about anyone it can, including once upon a time Somalia, suddenly is too timid to deal with a bunch of rag tag pirates?

Other protests have erupted in Morocco, Libya, Lebanon and even Albania. All around the edges of the major oil players.

More worrisome than disruptions to Egypt’s oil production is the prospect that the unrest spreads to other hard-line states in the region, such as Libya and Algeria, both members of the Organization of Petroleum Exporting Countries (OPEC). Other countries in the region, including Tunisia and Yemen, have been wracked by anti-government protests in recent weeks, though neither is a major oil producer.

“If this thing spreads across the North African continent, gets into Libya, Algeria, then you’ve got trouble,” said Stephen Schork, editor of the Schork Report energy newsletter.

Finally, this whole process is now spilling into Saudi Arabia and soon possibly into the whole of the Gulf princedoms. The oil shocks will be profound and will be quick.

Already, with just the Egyptian upheavals, and as expected, just on the Thursday and Friday violence, oil went up over 4%, some $3.70 per barrel. Another similar rise can be expected this week, if not higher. When, not if, Mubarak’s government falls, oil should be expected to hit close to the $100 mark. With Nigeria also sinking into civil war, oil may well peak over $100/barrel by the end of February.

The American media and their other Western underlings and affiliates, are doing their part in colouring these as peoples’ fights for freedom and human rights. Of course they know full well what this will lead to: Islamic fundamentalism, which is the only result that this has ever led to. Then when this happens, when the correct end result is in place, those very same self-serving hypocrites, will throw up their hands and declare that they are shocked that those stupid, dirty Arabs could not make any go of “freedom” even after all the help they were given.

The Americans have been preparing for this for years. Many foolishly blame this on Obama, he is a part of this, but his is only the final chapter in the preparation for one of the last ditch efforts to stave off Judgment Day of the U.S. dollar and its debt built and house of cards economy.

“What happened in Georgia with the Rose Revolution and Orange Revolution in Ukraine in 2003-2004 was part of a long-term strategy orchestrated by the Pentagon, the State Department and various U.S.-financed NGOs like Freedom House and National Endowment for Democracy to create pro-NATO regime change in those former Soviet Union areas and to literally encircle Russia,” author and researcher William Engdahl told RT.

“What is going on in the Middle East with the Jasmine Revolution in Tunisia that we saw a few days ago, and now in Egypt with Mubarak in his 80s, and obviously a regime that is not exactly the most stable one, we have a food crisis taking place as a backdrop and the IMF coming and telling these countries to eliminate their state food subsidies so you have, of course, the explosive background for popular unrest. Within that you have these NGOs, like Freedom House, training activists and trade unions and various other organizations to demand democracy, demand human rights and so forth,” he added.

This earlier report by RT [“TV Novosti”] sums the process up even better:

Dr. William Robinson is one of the foremost experts on Washington’s democracy promotion initiatives, he wrote the book ‘Promoting Polyarhcy.’

“In Latin America, in Eastern Europe with the Velvet Revolutions, in Africa, in the Middle East, really all over the world, the U.S. set up these different mechanisms now for penetrating these civil societies in the political systems of countries that are going to be intervened and to assure the outcome is going to be pleasing to Washington’s foreign policy objectives,” said Robinson.

Lawrence Wilkerson, the former Chief of Staff to former Secretary of State Colin Powell said, “We do this through surrogates and non-governmental organization and through people who are less suspecting of the evil that may lurk behind their actions than perhaps they were before. Have we learned some lessons in that regard? You bet! Do we do it better? You bet! Is it still just as heinous as it has always been? You bet!”

The Americans call this process Creative Destruction, that is the new catch phrase for world revolutions, no different than that which was exported from our own country while it was ruled by Anglo financed Marxists. While the PR may be promising and alluring, the results will be misery and death for those in ground zero: with tourism and industry fleeing fundamentalist regimes, resulting in yet more starvation and poverty, and a massive enrichment for the top 1% of the Anglo elite who could not give a bigger damn, no matter what their fully owned media mouth pieces may be saying.

The massive increases in the price of oil, as well as the increased demand for weapons by those states who border these areas, will line the pockets of thousands of executives and politicians in America, and to a smaller level, of England, for decades to come. If a war or three are spawned from this, even better.

Furthermore, with refugees and terrorism flooding Europe, which is finally starting to react violently to the virus that is attacking the body social at large, and the confiscation of European industry in Northern Africa, the Euro will be on the front lines of these new Islamic plagues, like never before. It will take another beating, with the dollar remaining a “safe” investment. Just another big plus, not to mention the new missions for NATO and that military-industrial complex, this will generate.

As for the American serfs, the little people? Well, the $6-10/gallon ($1.50-$2.25/liter) gasoline will crush them. Sure, the socialist welfare programs that their government will finance by selling yet more dollars, will help some, but it is a mild treatment for a terminal disease. Their falling wages, in the face of mass and growing unemployment as well as soaring inflation, will drag the last of the middle class into poverty and slavery. However, unlike the Arabs or the French or most other people of the world, they will do what their British cousins have been doing for the past 30 years, put up a stiff upper lip and accept this as their reality. And yes, as before, for the world at large, their owners in NYC, DC and London, could not really give a bigger damn.

A passive people, believing in their own illusionary freedoms and high on their own self importance, make for the best slaves and no where are there more such slaves than in the USA.

The rest of us will also have to live with an ever more violent world, courtesy of the biggest sponsor of Islamic insanity the world has ever had the sorry state of knowing.

[End.]

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Categories: ALB, ALG, EGY, EUR, IRN, IRQ, JOR, LEB, LIB, MOR, NATO, PAL, RUS, SAU, SOM, Stanislav Mishin, SYR, TAJ, TUN, USA, UZB, WORLD, YEM

Algeria to host rapid reaction force

January 28, 2011 Comments off

The following article is republished with permission from Magharebia.
 

Algeria to host rapid reaction force
Source:  Magharebia
By Walid Ramzi
January 27, 2011

*  A decision was made to establish a base of African Standby Forces in Algeria as part of a push to settle regional conflicts without external intervention.

Algeria will host the headquarters of the North African Regional Capability (NARC) under the African Standby Forces (ASF). Under an agreement inked on Tuesday (January 25th), Algiers will be the seat of both NARC headquarters and the force’s administration.

“By housing that key logistic base, Algeria has become the first country in North Africa to complete that important phase,” Foreign Ministry Director for Africa Nourredine Aouam told APS [Algérie Presse Service].

In 2002, African leaders agreed to establish a rapid-reaction force to handle the crises that take place on the continent in lieu of international forces based in a number of African states. The outburst of conflicts and the inability of some countries to ensure their own security led heads of state to set up the ASF within the African Union framework.

“Standby forces have the right to immediately intervene in case of a conflict or crisis in the region,” says the agreement, signed by Foreign Ministry General Director Fouad Bouattoura and NARC representative Nefatti El-Fitouri Zarras.

The act “reflects Algeria’s strong commitment, before the Peace and Security Council, affiliated to the African Union, that enables the African continent to play its role in managing peace and security,” Zarras noted.

The base will be located in the wilaya of Jijel, 350km east of the capital.

NARC is one of the five regional brigades, which constitute the force. The ASF is made up of an executive secretariat, a planning mechanism and a Libya-based financing fund. One brigade is located in Egypt, and two administrative bases are located in Algeria and Egypt. Algeria decided to contribute two military regiments to the brigade and a third from the military police, while Egypt contributed one regiment.

The activation of the force was scheduled for the end of 2010 so as to allow for “speedy and efficient” intervention in relation to the numerous crises raging in some parts of Africa. The ASF will undertake six kinds of missions, including military assistance for peace, humanitarian missions to aid emigrants or displaced people, administrative missions, as well as missions calling for disarmament.

The rapid-reaction troops must intervene immediately in cases of massacres that claim the lives of civilians, when the international community does not show prompt response to the unrest on the African continent.

Experts, however, expressed concerns about the costs and constraints of implementing the AFS.

“Spreading an African force will run into financial obstacles,” strategy analyst Omar Abdi said, adding the budget of the African Union Peacekeeping Fund is almost 300 times lower than that of the UN Peacekeeping Forces.

“Financing is still a problem facing the actual realisation of the African Union with regards to maintaining peace and stability, despite promises from some donors such as the EU, to offer a grant of 250 million euros dedicated to reinforcing the capabilities of ASF in managing crises,” he added.

According to AU Commissioner for Peace and Security Ramtane Lamamra, during the period between 2011 and 2015 the ASF is expected to “attain full operational capabilities”.

[End.]
__________

Magharebia is sponsored by the U.S. Department of Defence, Africa Command.

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Categories: ALG, EGY, LIB, USA

Qaddafi invites Hamas and the Iraqi resistance to the Arab Summit

March 23, 2010 Comments off

The following post is reprinted with permission from Roads to Iraq, intel blog.

Qaddafi invites Hamas and the Iraqi resistance to the Arab Summit
©  Roads to Iraq
March 22, 2010

Head of Al-Aqsa Study Center in Algeria accused PA president Mahmoud Abbas of cooperation with the Israeli occupation forces to silence the Palestin­ian resistance, and even to form a joined forces to fight against the resistance. Accusations also confirmed by Palestinian leader and the head of the political department in the PLO Farouk Al-Kaddoumi.

But there is a good reason for Abbas to work with the Israelis. Albosala revealed that Israeli head of the “Shin Bet” Yuval Diskin is blackmailing Abbas with scandal videos fo his team, forcing him to cooperate with Israel.

Abbas will not attend the Arab Summit in Libya, after his fall in the bathroom, but the real reason is that Qaddafi will invite leaders of the Palestinian armed faction, as revealed by Al-Watan:

Khaled Mashaal, will lead Hamas delegation, Secretary-General of the Islamic Jihad leader Ramadan Abdullah Shalah, and Ahmad Jibril, Secretary-General of the Popular Front.

The source said that the Libyan president Muammar Qaddafi has decided to invite the leaders of Palestinian factions to attend the Arab summit, not­ing that the Libyan leadership are convinced that Mahmoud Abbas, Presi­dent of the Palestinian Authority does not represent all the factions of the Palestinian people.

Qaddafi also met with representatives of the Iraqi resistance, telling them to be proud of the efforts they made to destroy the U.S. agenda in the region, but according to Al-Malaf Press Qadafi invited the 29 persons from the Iraqi resis­tance to participate in the Summit, among the invited are former Iraqi army commanders, Baath Party and the Islamic Scholars Organization.

The above explains why Egypt is irritated with these invitations and the reason behind Mubarak and the half of the Arab leaders absence. Egyptian newspa­per Al-Gomhuria came with this headline “Arab Summit is for Arab countries, not for parties and political movements“.

[End.]

Categories: IRQ, ISR, LIB, PAL