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Remembering 9/11: The 2nd Most Costly Catastrophe In The World
By EconMatters
Today marks the ten-year anniversary of the Sept. 11, 2001 terrorist attacks, and a decade of the lasting influence 9/11 has had on life, policy and culture worldwide. When the attack took place, I was on my way to work, and ended up turning back to home due to the resulted evacuation of the office as well as the surrounding area.
Like almost everyone else in the world, I was glued to the TV and just watched the whole event and the aftermath in total dis-belief that a few jihad extremists could have gained enough resources right in the United States to tear down the Twin Towers. The sense of fear and insecurity in the air was palpable.
The world grieved, and a chain of event was triggered in regulation, policy/procedure, and intelligence gathering on a worldwide basis. "War on Terror" led to the launch of U.S. military action against Afghanistan and Iraq, and debates over the alleged mis-treatment of military prisoners at Gitmo
Although the man who directed the attack--Osama Bin Laden--is now dead, killed by a U.S. Navy Seal team in Pakistan, the threat of Al-Qaida and many still active terrorist's cells remains as New York City and Washington DC were put on high alert after the U.S. government revealed a fresh terrorist vehicle bomb threat to take place on the anniversary of 9/11.
But for now, this is a time to remember and pray for the almost three thousand identified and unidentified victims. We may never gain our sense of security back, but at least the world is able to move on and remain resilient in the face of terror.
The graph by American Public Media quantifies the magnitude of the damage caused by the 9/11 attack. At $37 billion, 9/11 is the only non-natural-disaster-related event among the top 25 most costly catastrophes in the world from 1985 to 2010, out-ranked only by Hurricane Katrina in 2005.
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"Like almost everyone else in the world, I was glued to the TV..."
Not to worry... the opening weekend of the NFL often has that effect.
(Pssstt.... judging by your handle (EconMatters), I figure you might be into finance & markets etc, but - from what you've seen so far - any picks/forecasts for NFL Week 2? And, drawing on your financial acumen, any thoughts on spread-betting vs. straight moneyline? tia)
Missing are the financial disasters and bailouts
Econmatters:
If your point was that the attacks of 911 only resulted in killing a few thousand lowly plebs rather than THOSE RESPONSIBLE for exporting incalculable horror and violence on vietnam, korea, columbia, chile, saudi arabia, laos, etc, etc, etc then I would have some sympathy.
However, that a tiny piece of blowback should actually land in the homeland of the greatest exporter of war and violence ever is not a huge tragedy. Its just a shame that guys like Dick Cheney, Tony Blair, etc didn't wear it.
I feel sorry for the people going about their lives that were ended.
Wasn't there a drone attack on some hapless family's house last week in Afghanistan/Iraq/Yemen? Last month? Last 10 years? Why don't you write a piece bemoaning the insanity of US military theft and violence which is ILLEGAL.
Econmatters:
If your point was that the attacks of 911 only resulted in killing a few thousand lowly plebs rather than THOSE RESPONSIBLE for exporting incalculable horror and violence on vietnam, korea, columbia, chile, saudi arabia, laos, etc, etc, etc then I would have some sympathy.
However, that a tiny piece of blowback should actually land in the homeland of the greatest exporter of war and violence ever is not a huge tragedy. Its just a shame that guys like Dick Cheney, Tony Blair, etc didn't wear it.
I feel sorry for the people going about their lives that were ended.
Wasn't there a drone attack on some hapless family's house last week in Afghanistan/Iraq/Yemen? Last month? Last 10 years? Why don't you write a piece bemoaning the insanity of US military theft and violence which is ILLEGAL.
Just sayin'.
http://www.youtube.com/watch?v=yuC_4mGTs98
Ignorance is Bliss!
Stupidity is Heaven!!
most costly disaster in the world in nominal terms, i would say the george bush presidency, of which 9/11 is a part, as well as the katrina response (though not the katrina event itself).
most costly disaster in inflation adjusted terms, maybe noah's flood.
Yeah W was responsible for decade after decade of irresponsible dithering on the KNOWN incapacity of the levees protecting UNDERWATER New Orleans to survive a class 3 hurricane.
http://en.wikipedia.org/wiki/Hurricane_David
I surfed this hurricane!
http://en.wikipedia.org/wiki/File:David1979rain.gif
Backside was wayyyyyyyyyyyyyyyyy cleaner!
http://postpix.palmbeachpost.com/mycapture/enlargePopup.asp?image=23503815&event=748638&CategoryID=68165&pSlideshow=1&picnum=2&move=B#Image
this is the best pictures I have ever seen of Florida Piers during hurricanes and after..
http://www.dep.state.fl.us/beaches/publications/pdf/PierRptPtI.pdf
Lake Worth Locals Rule Bitchez!!
I guess the idea of Broken Windows being a good thing is out the window then??
How about some 1980's music?
http://www.youtube.com/watch?v=YOY_aqkUTxY
Where does the 2011 Japanese earthquake and tsunami rank in costliest disasters?
I'm going to start a new recycling business. I'm going to purchase aged airliners that are headed for the scrap heap and use them for controlled demolition of sky-scrapers. Why waste weeks drilling, placing explosive charges, and carefully co-ordinating the blast timing and order of the explosions? We can drop a building right straight down into it own footprint with an just air plane full of fuel. And it takes only a couple of hours for the whole thing to collapse. Hey, maybe we can even use bio-diesel? This is so easy a barely trained pilot was able to do it! Twice! Just think of how easy it will be with remote control of the old airliner. You know, like the way we can operate a Predator drone. It doesn't seem to matter exactly where the jet plane strkes the sky-scraper, just as long as you splash enough diesel on the steel superstructure. Once the whole thing is on the ground, and you wait a couple of months for the molten metal too cool, you sell all the melted metal for scrap prices. Awesome business plan!
Short sell the old school demolition contractors! We are the new wave!
Business plan makes sense to me! But don't forget the third airliner that struck precisely in the office of the Pentagon investigating the $2 trillion of missing DOD funds. And don't forget WTC7, which didn't even need to be hit by a plane ... just need to be in the neighborhood. What's the price on scrap steel these days?
http://www.youtube.com/watch?v=z8W-t57xnZg&feature=results_video&playnext=1&list=PL79C24ED13792A119
MIT Engineer Disputes 911 Theory of the WTC Collapse-Part 1
Much to my dismay, American are indeed stupid
9/11 deaths(global financial workers): 2,996 (246 on planes, 2,606 in New York City, and 125 at the Pentagon)
US Iraq war deaths (US soldiers): 4,404 dead and 31,827 wounded
Iraqi war deaths: 104,924, including 92,003 civilian
Tells you which lives are deemed more valuable by political elites.
For all of those being brainwashed by the media to feel for the victims of 9/11. Those new yorker victims won't give a damn about you when you die in your shitty little suburb and the government certainly won't give a two hoots either given that Iraq war vets already are being outshadowed by 9/11 victims.
How much do the wives and families of a dead war vet get paid? 9/11 widows got $1.6M and they still complained for more.
When you get paid, you are no longer a victim.
what you are saying about getting money is true in terms of legal ramifications.. accepting money is a gag order, stops civil suits. kenneth feinberg; same guy orchestrated the hush money distribution for both 9/11 and for gulf residents..
http://www.youtube.com/watch?v=xRTb1glOzTM&feature=uploademail
9/11 Not an "Intelligence Failure"
Uploaded by TheRealNews on Sep 11, 2011
Ray McGovern and Jason Leopold: The intelligence agencies had the information, the question is why didn't they use it
http://www.youtube.com/watch?v=inuo5rfYAHs
'CIA Ordered visas to 9/11 Hijackers' - US Consulate Whistleblower
If you dont know how important that PNAC Document ( PNAC Document Rebuilding America's Defenses ) <-- PDF is..
watch this.. http://www.youtube.com/watch?v=1uT7kcAu4i8
Then you can download the pdf and see for yourself..
Who was really behind 9/11? Do you think you know? Cui bono.
9/11 was an inside job. i was surprised several times this weekend to see several of the 'guest post' articles on ZH were still talking about islamic terrorists, as if that had anything to do with what happened.
if you have any doubt, start by listening to architects and engineers: http://video.google.com/videoplay?docid=-4617650616903609314
if you are smart enough to post on ZH, you should be smart enough to digest this information. the laws of physics were not suspended on 9/11.
"..when you have eliminated the impossible, whatever remains, however improbable, must be the truth.." -Sir Arthur Conan Doyle via Sherlock Holmes
of course it was. The question Really is who was/is behind 911; what organization or secret group within the goverment.
MIC - the Military Industrial Complex. I think some UK & Israeli based intelligence groups also gave a helping hand.
Local "news" in Detroit today reporting of an "incident" on a plane at Detroit metro. Gave no details whatsoever. Hmmm, an incident on a plane on the 10th anniversary of sept 11th? What did some guy spill his drink? I wonder what qualifies as an "incident" on a plane on the 10th anniversary of sept 11th?
Fucking fear mongers!
We may never gain our security back reminds of the bird who has his cage door opened and says "no thanks i like being in a cage better." security is everywhere and always an illusion. Freedom on the other hand is not. This bill could be coming due as soon as tomorrow--i thank God everyday that we still have a functioning government to provide real security and real opportunity and not some media cocksucking drivel about how if only we had no government everything would be just fine.
From one vet to another, I understand what you are saying, but what is upsettling is the trend line.
Real Security? I would say the jury is still out on that one, but personally, I still put Liberty ahead of Security. Security is an illusion.
Real Opportunity? The 'opportunity' window gets more narrow everyday as there are fewer viable opportunites for the average person.
The opportunity to be crushed if you try to run a small business, the opportunity to buried in debt if you are a student, the opportunity to toil in some really shitty corporate job for declining benefits and real wages, the opportunity to see your savings de-valued and watch your dreams wither........those kinds of opportunities?
Enough with reliving 9/11/.
All this attention to it is no different than rubber neckers slowing down to see the carnage in a traffic accident.
If you were not directly affected by it, i.e. had a loved one, or a friend, enemy, or associate perish, go out and get some exercise. It will do you a hell of lot more good than spending the entire day or weekend drowning yourself in the past.
This nonsense of, "Never Forgetting", has been repsonsible for tens if not hundreds of millions more being killed. Our remembrances of WWI didn't stop WWII, our remembrances of WWII didn't stop the Korean war, and our remembrances of Korea didn't stop the Vietnam War.
What the world really needs is a collective case of global amnesia by all 6-7 billion.
Would someone please tell me why if all the remembrances don't work why it is necessary to bathe in them?
Beyond a few minutes, a bow of the head, a prayer if you believe in some mythical goddess, a salute, and you're into territory best reserved for the dead. You don't belong there.
"do not mourn the living nor the dead." will live in a childish age.
anony,
I call BS.
Nearly 3000 AMERICANS were murdered................these were our neighbors, our fellow citizens.
Whether you like it or not COLLECTIVELY we are all directly involved.
The loss of Freedom, and Liberty alone joins us together.
Did Americans not think Pearl Harbor was part of their personal involvement?.
Dude/ ette, this was ON American soil proper.
Not an island.
Sorry, DosZap, but it's one thing to take a moment and remember the murdered, quite another to take days, every year, and more weeks every ten years to recycle the same crap ad nauseum. "Never Forget" is the single most disastrous phrase ever to make into our national narrative, perpetually intoned by the jews to make the world don a permanent mantle of guilt, a guilt no man alive today has any reason to feel. Slavery is another guilt trip levied on those who had nothing to do with it. "Never Forget" is total bullshit.
Pearl Harbor was a putup job to get the U.S. into a World War its citizens wanted no part of. Churchill and FDR cooked that little tactic up.
If I remember correctly, binLaden was adamant about one of the main reasons for his jihad was our support of Israel, he thought of us, Isreal, and the U.S. as one country. I agree with that. Israel is our nemesis, not our ally.
I'll bow my head for a moment in remembrance but I will never put myself into the sordid, treacly, media event that keeps peoples eyeballs glued to the TV screen. And this morning our local radio station dedicated yet another hour to this tragedy. I'm calling a halt. Go ahead and waste your precious moment on this earth dwelling on the past for something that happened ten years ago, 50 years ago, 200 years ago.
I choose to move well on.
@
The actual damage from 9/11 is incidental to the cost of the wars we have fought so far and the economic damage inflicted on this country, not to mention the loss of civil liberties. A report from Brown University( http://www.businessinsider.com/costs-of-war-charts-2011-6?op=1) concluded that so far the wars in Iraq and Afghanistan have cost the country $3.7 trillion dollars. In addition there is the missing trillions from the Pentagon and the trillions in counterfeit treasury bonds courtesy of JP Morgan that disappeared in building 7 once that building magically imploded.
And the Seal team did not take out Bin Laden. He's been dead for years and in all likelihood died in 2001.
while i think obama is a waste of space, you’ve got to feel for poor old Barack. He inherited an absolute mess from that lunatic George W Bush. Tax cuts for the rich and military spending that pushed the budget deep into the red even before the credit crisis he had caused with lax financial regulation along with Alan Greenspan’s lax monetary policy.
Obama came in with $US825 billion in stimulus spending, a huge rise in debt, an investment partnership to buy toxic assets from the banks, auto company bailouts, lifelines for Fannie Mae, Freddie Mac, AIG, etc, healthcare reform, financial regulation reform, cash for clunkers schemes, and five versions of “foreclosure relief”.
Either all this stuff didn’t work, or America would have been totally rooted without it.
deep shit.
"All the world's a stage....."
"but at least the world is able to move on and remain resilient in the face of terror"
What the fuck are you talking about?? The US has not "moved on" in any sense! On the contrary, we capitulated to the terrorists, and gave them just about everything they could have hoped for, and more. We now live in a bankrupt. totalitarian, and toxically corrupt Police State, as a result of the shameful, cowardly responses our so-called "leaders" engaged in when confronted by the enemy.
We can only wish we had the gumption and courage to "remain resilient in the face of terror". What a pathetic joke!
That pretty much sums it up. Since I chose an avatar that reflects my personal position on non-monopolized currencies, I will have to choose my words carefully for fear of being labeled a terrorist like so many Ron Paul supporters and philosophical anarchic pacifists. I was really hoping that Obama would have used the liberal agenda to clean up the horrific governmental violations on freedoms and civil liberties perpetuated by Bush and his fellow Neo-Con cronies. Instead, he renewed and expanded every single terror policy Bush had. Alas, my fear during the 2008 campaign of Obama merely being Bush-lite was wrong. Turns out, he’s Bush-heavy.
AMEN!!!
I am actually ashamed of the pathetic response and blown opportunities our "leadership" gave us.....but what do you expect from that bunch of draft-dodging chicken little douchebags who were in charge. Weak, pathetic, shameful, lying, sleazy weasels. Neo-Con asswipes.
http://www.youtube.com/watch?v=yuC_4mGTs98
I was glued to the TV
LOL! You were glued to Al Waleed/Saudi Arabian/Rothschild TV. Al Waleed?Saudi Arabia are major shareholders or have joint ventures with ALL the TV networks. Remember Rebecca Brooks at News International (News of the World)? Al Waleed told Mordeci "Murdoch" that she had to go. She was gone the next day. Who wears the pants at the networks? Ditto Time Warner, Disney, GE/Comcast and Viacom too through joint ventures. Who helped Viacom buy into Kirch in Europe/Germany? Al Waleed.
Keep watching TV sheep - you are supporting your serfdom. The stupid sheep care more about ball games as the muslim loots the treasury. "Man I love that college ball." Morons.
All these so-called 'disasters' are actually creators of enormous, sustainable wealth.
Just ask any Keynesian.
As far as the MOST COSTLY INSURED, your graph ( a good one) is not even a gnat on a horse ass, compared to the Wall Street induced crisis.(all insured with our Tax dollars for the next 100yrs.)
And, it still gets more and more costly by the second, with the worst yet to come. Some sad shit.
Nearly 3000 murdered on 9-11.
Troops to date in Iraq,and Trashcanistan, well over 6000.
If you count enemy dead, and collateral(innocent life loss),literally hundreds of thousands dead in the ten years since.
the way troop deaths in theater are counted these days, your figure of 6000 american dead is pretty close
the actual number of american soldiers killed is over 77,000
you see, if a soldier dies because of his wounds off of the battlefield, he is not counted
gotta die right then and there to be counted in the official stats
you used to be able to get the actual numbers of american dead off of the VA website
its a much more difficult figure to find now
when i showed it to my dad, he freaked
'why thats more than died in vietnam' he exclaimed
yup...more than 'nam at this point
and its a fact that must be hidden from the public, or there would be a great outcry
so it is hidden
Please give your source for the 77k figure. Hard to believe.
If you can show it to your dad, how about showing it to us?
I find it very difficult to accept these numbers, and I don't really believe much of anything that comes from our 'government'. If 77,000 dead is verifiable, I want to start writing letters to the editor immediately. I live in the South. During the Viet Nam war, we had a large percentage of soldiers from this part of the world, and I know we contribute a lot of troops now. I also see the names of the dead reported in the local papers, and it feels nothing like the losses we were suffering in VN.
Not that I trust the official numbers, but I simply think you are wrong. As a Viet Nam vet, I must call you out on this one.
11b40
50,000 young men died in Viet Nam. The way war is fought today, I too, doubt our sleazy politicians could hide those kind of numbers.
37 billion, the war on terror, 'patriot act', all the bullshit at airports, building 7 and the questions surrounding 'who dun it?' I would say the cost in$ is way beyond 37 billion and the costs not measureable in fiat are well, immeasurable. God bless America, and god damn war.
What? Give us a break. What is the value of liberty and endless wars? The response to 911 is a greater cost by a factor of infinity, plus or minus a few percent.
Invade Iraq through deceit, thereby weakening the U.S. and strengthening Iran.
And where was Bin Laden ? Living near a Pakistani Military base.
Treason by President(s) and Vice-President(s). In addition to adopting the Japanese economic model, let's introduce Seppuku into our political process. I, for one, will gladly volunteer to be a second.
Open borders. This is all like Rome at the end. The troops - the best of the citizenry were off fighting BS wars so the scum back home could loot and pillage. Open borders allow the Visigoths/Vandals (various tribes heavy metals bands would be named after) walk in and leech off Rome like illegals.