The number of SWAT team raids in the United States every year is now more than 25 times higher than it was back in 1980. As America has conducted wars overseas in recent years, our police forces have become increasingly militarized as well. And without a doubt, many of our cities have become much more dangerous places. Once upon a time, police in America were helpful and friendly and the public generally trusted them. But now our police forces are being transformed into military-style units that often act like they are in the middle of Iraq or Afghanistan. The following are 10 facts about the SWATification of America that everyone should know…
The Most Destructive Presidencies In American History, Part 2: The Fatal Incoherence Of Bush/Obama Foreign PolicySubmitted by Tyler Durden on 06/18/2014 11:06 -0400
The tragic reality is the Bush II/Obama administrations have made the world a far more dangerous place.
In a day and age in which corporations rule the world, the brutal Al-Qaeda spin off known as ISIS is learning from the best, and as part of its credentialising and image-building has done something only major corporations do at the end of every year: it has issued annual reports for the past 2 years (unaudited). That's right: as the FT reported earlier, "Since 2012 the Islamic State of Iraq and the Levant, (known as Isis) has issued annual reports, outlining in numerical and geographical detail its operations – the number of bombings, assassinations, checkpoints, suicide missions, cities taken over and even “apostates” converted to the Isis cause."
"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” - The Fourth Turning - Strauss & Howe – 1997
The tangled web of just who is friend and who is foe throughout the Middle East continues but one thing is sure, US politicians won't miss the chance to drum up some fearmongery. Sen. Lindsey Graham said that U.S. officials have warned the next major attack on U.S. soil could emanate from the region, adding "the seeds of 9/11s are being planted all over Iraq and Syria." Media is picking up on the meme fast - "This is a cauldron of future terrorist threats to the west," said CBS analyst and Ret. Gen. Peter Chiarelli, who said that "all Americans should be concerned" by ISIS' quick rise and success in Iraq. It appears simple - the US population must believe that only the US government can prevent the "imminent" threat (that ironically it funded and created). This is a win for both neo-cons (defense spending hoo-rah) and neo-liberals (cover for more boots-on-the-ground broken promises to come). The fearmongery has begun.
Yesterday, when we presented the latest US naval update, focusing on the distribution of US aircraft carriers around the world and particularly in the middle east, we summarized that "America, which historically has had a far greater naval presence in the middle east, is quite unprepared for the recent dramatic resurgence of Al Qaeda splinter groups. Expect at least one more aircraft carrier to depart in direction Iraq shortly." Turns out "shortly" meant less than one day.
This week’s news certainly WASN’T BORING. Big events and small add up to unfolding CHAOS around the WORLD. This week’s subjects: American Empire on FIRE!, Out on a LIMB: Credit Unions facing INSOLVECY, Is rising indebtedness a sign of economic strength?, Bond YIELDS continue to collapse as the race for yield INTENSIFIES, George Orwell in Action, Showdown looming at the OK corral!, Simply UNBELIEVABLE SOVEREIGN credit market action, PHANTOM GDP, Rare INDEED, Must watch video interview with Charles Nenner,European BANKING SYSTEM INSOLVECY
Just when one thought US foreign policy couldn't sink any deeper into the hole of its embarrassment, it takes out a shovel and starts digging. Overnight, in what AP describes as a stunning assault that exposed Iraq's eroding central authority, Al Qaida-inspired militants from ISIS, or the Islamic State of Iraq and al-Sham, overran much of Mosul on Tuesday, seizing government buildings, pushing out security forces and capturing military vehicles as thousands of residents fled the second-largest city. But the worst news by far for the US is that as a result of the takeover of Mosul by ISIS forces, an unknown number, and at least one, US ultramodern Blackhawk and Kiowa helicopters parked at the Mosul airport, are now in, you guessed it, Al Qaeda hands.
In a week dominated by headlines of heroes and D-Day celebrations, we suspect President Obama was hoping for a patriotic bump in his ratings... but as The Hill reports, people in the United States say President Obama paid too high a price for the release of Army Sgt. Bowe Bergdahl, and largely disapprove of the administration’s handling of the swap, according to a pair of new polls. Only 34% of those polled (by USA Today/ Pew) backed Obama's decision as 'the right thing' but more crucially, it appears the President's ongoing push towards tyranny that is most worrisome as 72% said Obama should have informed Congress before making the deal.
It seems President Obama's "pullback" is not going as planned in Afghanistan. NBC News reports 5 U.S. soldiers killed in Afghanistan may have been the victims of a friendly-fire incident. American and Afghan troops were conducting security sweeps on polling sites ahead of this weekend's run-off for the Afghan presidential election when they came under attack from Taliban forces. The Americans called in an airstrike amid fierce fighting and, according to U.S. officials, the B-1 Stealth Bomber strike somehow went terribly awry.
- Inside the White House's decision to free Bergdahl (Reuters)
- Dimon’s Raise Haunts BNP Paribas as U.S. Weighs $10 Billion Fine (BBG)
- Jobs Are on the Line as Banks' Revenue Slides (WSJ)
- Wall Street Adjusts to the New Trading Normal (WSJ)
- Nothing like objective, intense probes: GM recall probe to clear senior execs, finds no concerted coverup (Reuters)
- ECB ready to cut rates and push banks into lending to boost euro zone economy (Reuters)
- China Should Resist Further Stimulus, IMF Says (BBG)
- Carney Finds Ally in Draghi as Key Rate Kept at 0.5% (BBG)
- Assad wins Syria election with 88.7 percent of votes (Reuters)
Last week, when President Obama made his trip to Bagram Air Base in Afghanistan, he claimed that "America's war in Afghanistan will come to a responsible end." This turned out to be the greatest applause line of his speech. With his assertion, Obama, in effect, declared himself the hero of the Afghan war -- the one who put an end to that nightmare. But what Obama failed to mention was that it was his war, and that nothing but unattractive scenarios lie ahead for that war-torn state.
Amid a rising backlash and assertions of desertion, a rally in US Army Sgt. Gowe Bergdahl's Idaho hometown - celebrating his release after 5 years of 'captivity' - has been canceled. The small mountain community's city administrator, Heather Dawson said town officials called off the June 28 rally, because the town "will be unable to safely manage the number of people expected," but residents of Hailey say they will support Bergdahl either way when he returns.
Whether or not Obama made a huge political gaffe by secretly arranging the Qatar-mediated exchange of Bowe Bergdahl, who some 16,000 Americans have petitioned should be court-martialed for walking away from his post in 2009, for 5 Taliban leaders remains to be seen. To be sure republicans have jumped on the blunder and especially the hawks within the GOP are now "tag-teaming" the issues of Benghazi and Bergdahl with the intent of painting will Obama "as an appeaser, and a negotiator-with-terrorists" as The Nation reports. In any case, if Obama was hoping to use the Bergdahl exchange as a marker of successful foreign policy, he is suddenly caught flat-footed. What won't help the president's case of promptly sweeping this latest scandal under the rug, is a clip such as this one, released earlier today by the Taliban showing the handover of the prisoner of war to US forces.
If yesterday's non-record, red-tick close can be attributed to algos applying the wrong ISM seasonal factor to the day, believing it was Wednesday instead of the permabullish Tuesday, today there is no such excuse, which is why we fully expect the unallowed redness with which futures are currently trading to promptly morph into a non-red color especially with the USDJPY doing it best to ramp to 103.000 levels overnight, stopping out all shorts, and push spoos to fresh record highs. It is an algo world after all. It appears that already record low volatility is being pushed even lower in anticipation of numerous imminent data releases, including today's ADP and Services ISM (first, second and final release), tomorrow's ECB announcement and Friday's payrolls number. Which while good for low volume levitation means bank trading revenues continue to deteriorate forcing banks to pitch M&A deals to clients, which in turn result in even more synergies and more layoffs: because in order to preserve the bottom line, crushing real employment further is perfectly acceptable collateral damage.