It has been a long time since US territory abroad, i.e., a US embassy, was openly attacked. It has been even longer, or about 33 years, since a US ambassador was last killed in the line of duty in 1979 Afghanistan. Both happened last night. Below, courtesy of Reuters, are pictures of the event.
Government Officials Say 9/11 Was State-Sponsored Terrorism … But Disagree About WHICH Nation Was Behind AttacksSubmitted by George Washington on 09/10/2012 11:37 -0400
Did Iran Back 9/11 Hijackers? Saudi Arabia? Iraq? Afghanistan? America? Israel?
A few months ago when the new French socialist president gave details of his particular version of the "fairness doctrine" and said he would tax millionaires at 75%, we said that "we are rotating our secular long thesis away from Belgian caterers and into tax offshoring advisors, now that nobody in the 1% will pay any taxes ever again." While there was an element of hyperbole in the above statement, the implication was clear: France's richest will actively seek tax havens which don't seek to extract three quarters of their earnings, in the process depriving France (and other countries who adopt comparable surtaxes on the rich) of critical tax revenues. It took three months for this to be confirmed, and with a bang at that. The WSJ reports that Bernard Arnault, the CEO of LVMH, and the richest man in France, has decided to forego hollow Buffetian rhetoric that paying extra tax is one's sworn duty, and has sought Belgian citizenship.
Prevent WWIII (Which Would Be Really Bad for Your Investment Portfolio, Notwithstanding Keynesian Thinking) by Learning this Little-Known Secret of History
And NOTHING Has Changed ...
The heightening tension between the United States government and Iran’s is based off of the fallacious notion that nuclear weapons have a legitimate purpose outside of killing enormous amounts of people. Yet they have no other real purpose in the end. Governments possess nuclear weaponry because there is little recourse for state-sanctioned murder. The millions of innocent lives that stand to be vanquished off the face of the Earth have little meaning to the power-tripping political elite. So while the Iranian government’s pursuance of nuclear weapons should be condemned, the United States government, the Israeli government, and others capable of waging nuclear war are in no place to criticize.
Saudi Arabia has gone on the offensive against Iran to protect its interests. Their involvement in Syria is the first battle in what is going to be a long bloody conflict that will know no frontiers or limits. Ongoing Disorders in the island kingdom of Bahrain since February of 2011 have set off alarm bells in Riyadh. The Saudis are convinced that Iran is directing the protests and fear that the problems will spill over the twenty-five kilometer long COSWAY into oil rich Al-Qatif, where The bulk of the two million Shia in the kingdom are concentrated. The territory is likely to adopt the more fundamentalist principals of the Salafists as it serves as a stepping stone to Iran Itself. It promises to be a bloody protracted war that will recognize no frontier and will know no limits by all of the participants.
Military budgets are only one gauge of military power. A given financial commitment may be adequate or inadequate depending on the number and capability of a nation's adversaries, how well it spends its investment, and what it seeks to accomplish, among other factors. Nevertheless, trends in military spending do reveal something about a country's capacity for coercion. The following charts, from the Council of Foreign Relations, present historical trends in U.S. military spending and analyze the forces that may drive it lower.
U.S. Government Planned Indefinite Detention of Citizens and Other "Post-9/11 Realities" LONG BEFORE 9/11Submitted by George Washington on 08/23/2012 15:01 -0400
NOT Because of the Attacks ...
- Australian minister says resources boom is over (Reuters)
- China dismisses reports of lost gold reserves (China Daily) - so China really did lose 80 tons of gold.
- Inconceivable: Former JPM CEO and Chairman William B Harrison Jr come out "In Defense Of Big Banks"
- Qantas Cancels 787 Order After Posting Annual Net Loss (Bloomberg)
- EU Official Says Crisis is Eroding Influence (WSJ)
- Greece Faces New Pressure on Cuts (WSJ)
- Philippines' black market is China's golden connection (Reuters)
- Hollande government responds to criticism (FT)
- LG Display Starts Touch Screens Output Before New IPhone (Bloomberg)
- Greek Crisis Evasion to Fore as Merkel Hosts Hollande in Berlin (Bloomberg)
- Stakes rise as US warned of double-dip (FT)
- Brazil’s Richest Woman Unmasked With $13 Billion Fortune (Bloomberg)
The topic of Obama and his teleprompters (one of which was stolen a year ago, causing a public appearance delay) has been so pervasive in the "counterculture" that it led to the creation of the term TOTUS. But it wasn't until today that TOTUS is now officially part of the mainstream media lexicon courtesy of this slideshow via Reuters, which should explain just who pulls the strings.
Syria and Iran are, in a way, the first dominos in a long chain of terrible events. This chain, as chaotic as it seems, leads to only one end result: Third world status for almost every country on the planet, including the U.S., leaving the financial institutions, like monetary grim reapers, to swoop in and gather up the pieces that remain to be fashioned into a kind of Frankenstein economy. A fiscal golem. A global monstrosity that removes all sovereignty whether real or imagined and centralizes the decision making processes of humanity into the hands of a morally bankrupt few. The only people celebrating at the end of the calamitous hostilities will be the hyper-moneyed power addicted .01%, who will celebrate their global coup in private, laughing as the rest of the world burns itself out, and comes begging them for help.
- Merkel's Dilemma: Risk Euro Zone or Her Government (WSJ)... as first suggest by ZH 2 months ago, with only one resolution: referendum
- Russia warns West over Syria after Obama threats (Reuters)
- Consider keeping Bernanke, Romney adviser Glenn Hubbard says (Reuters)... Glenn Hubbard is the star of the movie Inside Job
- Spain Deficit Goals at Risk as Cuts Consensus Fades (Bloomberg)
- Czech Austerity Revolt Threatens Cabinet as Slump Bites (Bloomberg)
- Greek cuts to be deeper than trailed (FT)
- Akin rebuffs Romney, Republican calls to quit Senate race (Reuters)
- Obama Leads Romney in Poll Showing Disdain for Congress (Bloomberg)
- Greece needs more time to reform, PM Samaras tells paper (Reuters)
- UK banks face scandal over toxic insurance products (Reuters)
- Iceland Shelves Monetary Tightening as Krona Seen Appreciating (Bloomberg)
- India Considers $35 Billion Debt Revamp After Biggest Blackout (Bloomberg)
The first step toward liberty is to see through the masking fog the state engulfs itself in to carry out its deeds of conquest. Using reason to discover absolute truths is an essential part of determining how one should live their life in accordance with sound ethics. Relativism denies this. It can deny that evil is committed by the state and that reprehensible acts are perfectly okay when done by individuals with guns and badges. All it takes to reverse such destructive thinking is the realization that state authority deserves no pass in moral scrutiny. Withdrawing consent comes next on the path to a free society.
Over the past month America's ever vigilant law enforcers have taken to task not one but two foreign (domestic bank lobbies are sufficiently large to make Congress muppets perfectly eager to look the other way as noted previously) banks: HSBC and now Standard Chartered, for money laundering. Yet, when it comes to the true elephant in the room, which is not foreign and is fully domestic, they continue to ignore events such as this one just described by the Wall Street Journal: "A Florida home that originally listed for $60 million has sold for $47 million, a record for a single-family house in Miami-Dade County. The home, in Indian Creek Village, had been on the market since early 2011, when construction was still being completed. The asking price was reduced to $52 million this year." And the punchline: "The identity of the buyer, a foreigner who purchased the home in the name of a U.S.-based limited-liability company, couldn't be learned." In other words a foreigner who may or may not have engaged in massive criminal activity and/or dealt with Iran, Afghanistan, or any other bogeyman du jour at some point in their past, and is using US real estate merely as a money-laundering front perhaps? Sadly, we will never know. Why? As explained before, it is all thanks to the National Association of Realtors - those wonderful people who bring you the existing home sales update every month (with a documented upward bias every single time) - which just so happens is the only organization that actively lobbied for and received an exemption from AML regulation compliance. In other words, unlike HSBC, the NAR is untouchable, even if it were to sell a triplex to Ahmedinejad on West 57th street.