War Threats Rattle Oil Markets

Bush-Israeli threats to bomb Iran, to maintain the US-Israeli regional nuclear monopoly, are one of the reasons (along with Fed counterfeiting) for high oil prices and other economic troubles. When and if a Bush-Israeli attack takes place, it could be the Credit Anstalt of this global depression. See Ambrose Evans-Pritchard. (Thanks to Robert Hiett.)

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3:41 pm on July 4, 2008