Day October 26, 2007

Living in a non-peak oil dream world

John Robb posts about the economic, military, and security implications of Peak Oil, concluding with the astonishing. I was surprised to find that nearly all of the top people in the CIA, NSA, DHS, DoD, etc. that I have talked…

Brazilian currency props up debtor nation

Emphasis added. Buffett: Now, nobody would have believed, 10 or 20 years ago, that Brazilians would be supporting the U.S. dollar. Interviewer: Would be supporting the U.S. Buffett: But they have been buying dollars in the market. They have been…