Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Experts See Opportunity in Ratios of Gold to Silver and Platinum - 25th Jan 20
Gold/Silver Ratio, SPX, Yield Curve and a Story to Tell - 25th Jan 20
Germany Starts War on Gold  - 25th Jan 20
Gold Mining Stocks Valuations - 25th Jan 20
Three Upside and One Downside Risk for Gold - 25th Jan 20
A Lesson About Gold – How Bullish Can It Be? - 24th Jan 20
Stock Market January 2018 Repeats in 2020 – Yikes! - 24th Jan 20
Gold Report from the Two Besieged Cities - 24th Jan 20
Stock Market Elliott Waves Trend Forecast 2020 - Video - 24th Jan 20
AMD Multi-cores vs INTEL Turbo Cores - Best Gaming CPUs 2020 - 3900x, 3950x, 9900K, or 9900KS - 24th Jan 20
Choosing the Best Garage Floor Containment Mats - 23rd Jan 20
Understanding the Benefits of Cannabis Tea - 23rd Jan 20
The Next Catalyst for Gold - 23rd Jan 20
5 Cyber-security considerations for 2020 - 23rd Jan 20
Car insurance: what the latest modifications could mean for your premiums - 23rd Jan 20
Junior Gold Mining Stocks Setting Up For Another Rally - 22nd Jan 20
Debt the Only 'Bubble' That Counts, Buy Gold and Silver! - 22nd Jan 20
AMAZON (AMZN) - Primary AI Tech Stock Investing 2020 and Beyond - Video - 21st Jan 20
What Do Fresh U.S. Economic Reports Imply for Gold? - 21st Jan 20
Corporate Earnings Setup Rally To Stock Market Peak - 21st Jan 20
Gold Price Trend Forecast 2020 - Part1 - 21st Jan 20
How to Write a Good Finance College Essay  - 21st Jan 20
Risks to Global Economy is Balanced: Stock Market upside limited short term - 20th Jan 20
How Digital Technology is Changing the Sports Betting Industry - 20th Jan 20
Is CEOs Reputation Management Essential? All You Must Know - 20th Jan 20
APPLE (AAPL) AI Tech Stocks Investing 2020 - 20th Jan 20
FOMO or FOPA or Au? - 20th Jan 20
Stock Market SP500 Kitchin Cycle Review - 20th Jan 20
Why Intel i7-4790k Devils Canyon CPU is STILL GOOD in 2020! - 20th Jan 20
Stock Market Final Thrust Review - 19th Jan 20
Gold Trade Usage & Price Effect - 19th Jan 20
Stock Market Trend Forecast 2020 - Trend Analysis - Video - 19th Jan 20
Stock Trade-of-the-Week: Dorchester Minerals (DMLP) - 19th Jan 20
INTEL (INTC) Stock Investing in AI Machine Intelligence Mega-trend 2020 and Beyond - 18th Jan 20
Gold Stocks Wavering - 18th Jan 20
Best Amazon iPhone Case Fits 6s, 7, 8 by Toovren Review - 18th Jan 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Political Wrap - Time to talk with Iran, US Kansas City Mall Shooting and the Broken Olmert

Politics / Middle East Apr 30, 2007 - 12:03 AM GMT

By: John_York

Politics

In a break from the stock market wraps.

Talking to the Iranians
America after nearly 30 years is being forced into direct talks with Iran. As Condoleza Rice mentioned on Sunday whilst referring to Iranian foreign minister Manouchehr Mottaki. “I will not rule out that we may encounter one another, This isn't an opportunity to talk about US-Iran issues. This is really an opportunity for all of Iraq's neighbours to talk about how to stablise Iraq”


Iran has the upper hand, but the US is unlikely to give ground, still it is a small step in the right direction given the military build up in the Gulf.

Though its not all plain sailing for the Iranian Government, there is growing dissent in the country against the hard line mullahs who repeatedly try and ram hard line fundamentalist Islam down Iranian peoples throats, who naturally want to be rid of this extremism and get on with ordinary life. But while you have similarly pseudo neo-con fascism in the Whitehouse, hell bent on making war and stealing resources, the Iranian peoples are more than likely to unite around a government, even if they secretly despise that government as the alternative, i.e. what the US has accomplished thus far in Iraq is far worse !

Kansas City Shootings, Again, and again, and ?
Four dead, including the gunmen and one police officer, why the international press coverage ? Four dead is nothing to the 600 shot dead in America every week ! With over 200 million hand guns in the hands of virtually anyone who cares to acquire one within minutes, is it still surprising ? Yes it follows on from the last psycho shooting spree of 30+ dead at Virginia Tek. But the americans never seem to learn the lessons, NEVER, there is something fundamentally uncivilized in a country that allows 600 people to be shot dead every week without lifting a finger to do something about it. Apparently 600 murders happen in Iraq every week, so GW Bush is succeeding in bringing to bare some US influence upon the Iraqi people.

Broken Olmert
The disaster of Israel effectively losing its war with Hizbollah continues to haunt Prime Minister Olmert. Leaked text from the report on the war suggests a litany of failures, including not considering military opinion, silencing dissenting voices, underestimating the strength of Hizbollah and for setting goals that could not have have not been achieved. Namely destroying Hizbollah and release of the two Israeli soldiers held captive by Hizbollah.

The war cost 160 israeli lives (mostly soldiers) and more than 1200 Lebanese lives (mostly civilians), with widespread destruction of Lebanese infrastructure.

UK Election
Meanwhile the UK prepares for the May 3rd local elections, the only point of note will be that it is one more step on the route towards Tony Blair stepping down this summer. Gordon Brown continues to grow more nervous about his inheritance with each passing day, especially in light of Labour's weakening poll ratings putting Labour on 30% and the Tories on 38%, the worst in 20 years. This, in a month that ends with more UK soldiers killed in Iraq, than since the March 2003 invasion, definitely does not help matters.

That's a political wrap, until next week.

By John York

(c) Marketoracle.co.uk 2007


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules