Norway Foreign Minister Blasts G-20, Calls It "Greatest Setback For International Community Since World War II"Submitted by Tyler Durden on 06/22/2010 11:09 -0500
Der Spiegel conducts a stunning interview with Norway's foreign minister Jonas Gahr Støre, in which the Scandinavian official rips the G-20 (which is meeting this weekend in Toronto), in a manner far more vicious than any of the tens of thousands of protesters could hope to ever do. Støre essentially compares the Group of Twenty to the most cataclysmic event in the history of mankind: calling it "the "greatest setback" for the international community since World War II." Any other day, this would result in a diplomatic gaffe, and the expulsions of various ambassadors. Today, with the entire world agreeing with the Norwegian, except those, of course, in attendance in Toronto, nobody bats an eyelid. One of the smartest countries in Europe (having refused to join the utter disaster that is the European Union... twice) once again proves its wit, when its minister "questions the legitimacy" of the G-20, stating "We no longer live in the 19th century, a time when the major powers met and redrew the map of the world. No one needs a new Congress of Vienna." Ah, but we do, as otherwise the spoils from the greatest generational wealth transfer would go equally and ratably to all, instead of being concentrated in the greedy hands of those who have already stolen so much, they have no place to put the loot. Which is why the G7, G8, G20, etc. will continue to exist as the world's most potent parasite until there is nothing left to steal anymore.
Submitted by Tyler Durden on 06/22/2010 08:02 -0500
It was only a matter of time before "inclement weather" tested the BP falling knifers. Provisionally titled Tropical Storm Alex (currently disturbance 93L), the first tropical storm of the Atlantic hurricane season, is now expected to enter the GoM area as soon as next week, causing unpredictable and possibly irreparable harm to BP's clean up efforts. And this is just the beginning: as Bloomberg reminds: "Forecasters are predicting this year’s Atlantic hurricane season, which runs from June 1 to Nov. 30, may be among the most active on record...Three storms, two of them hurricane-level, may pass through the oil spill area, while three more may come close enough to affect cleanup operations and other rig activity, AccuWeather Inc. chief hurricane forecaster Joe Bastardi said." We are confident all those who have written exhaustive multi-page investment theses vouching their certainty that BP is at least a doublebagger have factored in such completely unpredictable factors as 100+ mph winds and currents that bring BP's tarballs all the way up to Virginia along the eastern seaboard.