Last night it was SecDef Chuck Hagel who warned ISIS was a bigger threat to America than 9/11 and primed the narrative for the next round of defense-spending (and this deficit-boosting, QE-enabling money printing). Today it is Senate Armed Services Committee member Jim Inhofe who told Fox that "we're in the most dangerous position we've ever been in as a nation." While that seems a little bit of stretch (oh and hasn't the Senator seen stocks?) he adds - rather ominously, "they're crazy out there and they're rapidly developing a method of blowing up a major U.S. city and people just can't believe that's happening." But then again, when have we ever needed to 'believe' anything anyway (especially without YouTube clips to prove it).
- Ukraine accuses Russia of invasion after aid convoy crosses border (Reuters)
- Hunt for Foley’s Killer Spans Old Policing and Tech Tools (BBG)
- U.S. Probe Examines GM Lawyers (WSJ)
- Argentina accuses U.S. Judge Griesa of "imperialist" attitude (Reuters)
- Violence-weary Missouri town sees second night of calm (Reuters)
- Geneva Banks Break 200-Year Silence to Unveil Earnings (BBG)
- Richest Jailed Putin Foe Says Ukraine Fears Sparked Prosecution (BBG)
- Disclosure of Failed Attempt to Rescue James Foley Is Criticized (WSJ)
- Execution of U.S. journalist reveals the changing business of war coverage (Reuters)
- FTW: Europe Stocks Rise as Data Signals Need for Stimulus (BBG)
- More de-escalation: Dozens die in Ukraine in street battles, Donetsk shelling (Reuters)
- Calm largely holds in Missouri after grand jury opens shooting investigation (Reuters)
- Attorney General Eric Holder Vows Thorough Probe of Ferguson Shooting (WSJ)
- World’s Biggest Wealth Fund Slows Emerging Market Investment (BBG)
- Market Chilly to Argentine Debt Proposal (WSJ)
- Israeli air strike kills three Hamas commanders in Gaza (Reuters)
- Retooled Hamas Bloodies Israel With Help From Hezbollah (BBG)
- Investors Pour Into Vanguard, Eschewing Stock Pickers (WSJ)
- Fed Debates Early Rate Increases (WSJ)
If there was one thing the Obama administration did not need as it is careening from one international crisis to another, was compounding comparisons to the Carter administration and its botched attempt to rescue US hostages in 1980 Iran also known as Operation Eagle Claw. Well, as of moments ago, that comparison is now in play following what the Pentagon just revealed was a botched attempt to recue a number of American hostages held by ISIS, "early this summer." The reason why the mission failed: "tho hostages were not there." Why? "We don’t know. And that’s the truth. When we got there, they weren’t there. We don’t know why that is." At least we tried to rescue some folks.
James Risen is not just a phenomenal reporter, he is also an extremely courageous and honorable American patriot. The Obama Administration is threatening the pulitzer prize winning journalist with prison unless he reveals the source behind one of his stories. The fact our own government would resort to threats of incarceration in order to instill fear in the press to prevent it from doing its job is quite telling and extremely dangerous. Mr. Risen understands this danger more than just about anyone else, which is why he has previously stated he is prepared to go to jail in order to defend the First Amendment from Obama, who he calls "the greatest enemy to press freedom in a generation."
Having already documented America's conversation to a turnkey totalitarian banana republic (confirmed over a year later by Edward Snowden), we note the following six charts from The NY Times that show the spread of military-style equipment - including aircraft, vehicles, body armor, grenade launchers and assault rifles - since the creation of the free Defense Department program in the 1990s.
The humanitarian situation was cynically manipulated by the Obama administration -- and echoed by the US media -- to provide a reason for the president to attack Iraq again. This time it was about yet another regime change, breaking Kurdistan away from Iraq and protection of the rich oil reserves there, and acceptance of a new US military presence on the ground in the country. President Obama has started another war in Iraq and Congress is completely silent. No declaration, no authorization, not even a debate. After 24 years we are back where we started. Isn’t it about time to re-think this failed interventionist policy? Isn’t it time to stop trusting the government and its war propaganda? Isn’t it time to leave Iraq alone?
Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country. When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration. Ross Perot warned that just the opposite would happen. He warned that if NAFTA was implemented there would be a "giant sucking sound" as thousands of businesses and millions of jobs left this country. Most Americans chose to believe Bill Clinton. Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong. But now history is repeating itself, and most Americans don't even realize that it is happening. As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called "NAFTA on steroids", and if Congress adopts it we could lose millions more good paying jobs.
We believe Ferguson will be seen as a major turning point. The point in which many well-intentioned, but incredibly naive folks in white mainstream America woke up to what we have become. Many people, particularly those in the media, have been willfully ignorant about the destruction of freedom and civil liberties in America. The events in Fergus have taken a gigantic mirror and successfully pointed it squarely at our civil society and the image it has reflected back is one of a horrific, militarized, authoritarian monster. So how did this transformation occur and what does it mean going forward?
"Far away from Congress is the real forgotten man, the taxpayer who foots the bill... For if human liberty is to survive in America, we must win the battle to restore honest money."
"the paper money disease here may take many years to run its course...but when that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife."
Obama Plans "Non-Boots-On-The-Ground Humanitarian-Adviser-Marines-Led" Yezidi Rescue Mission In IraqSubmitted by Tyler Durden on 08/13/2014 13:18 -0400
Last night we nearly exploded when the adminstration tried to explain how the 130 Marines (military advisers) were non-combat troop 'boots-on-the-ground' in Iraq. Today, the State Department, Pentagon, and White House are all out with mind-numbing propaganda to reassure an anxious America that a planned rescue mission of 'thousands' of Yezidi will be entirely supported by non-combat troops.
With record rental expenses already forcing millions of Americans to have far less disposable income for everything else once the monthly bill for the roof above one's head is paid, here is a breakdown of 25 selected US metropolitan areas, ranked from most to least expensive, how much it costs to rent a two-bedroom apartment (one can only assume the $1,440 price listed for New York is based on some non-GAAP, magical numbers that exclude reality).
ISIS has attracted an entire generation of radicalized Sunni militants to the region. If one watches interviews with their enemies such as e.g. Peshmerga fighters, one topic that is occasionally mentioned is that they don't seem to fear death much. Combined with their well-known brutality, this undoubteldy makes them a formidable fighting force. However, there is evidently far more to ISIS than that. All of the above suggests that it will be exceedingly difficult to effectively destroy ISIS. It seems to us that if the goals the president has announced in recent days are to be achieved, nothing short of a full-scale invasion of Iraq (as well as of Syria for good measure) is likely to suffice – and even then, success is by no means guaranteed.
If You Like Your "Boots On The Ground", Here's More - Obama Plans To Send 75 More 'Advisers' To IraqSubmitted by Tyler Durden on 08/12/2014 11:06 -0400
Despite reassurances that there will be "no US combat troops in Iraq again" on Friday, it appears - thanks to nuance of spin - that President Obama has changed his mind...
*OBAMA SAID TO CONSIDER SENDING ABOUT 75 MILITARY ADVISERS TO IRAQ: CNN
The question we have is - when does a "military adviser" stop being an 'assassination consultant' and start being a troops' boot on the ground?