en The White House's Solution To Deranged Assailants <p>That a <a href="">"knife-wielding veteran sniper rushes White House to warn Obama 'atmosphere is collapsing'"</a> should surprise most Americans, but, as<a href=""> The Washington Post reports</a>, <strong>that he tried, and where he tried from, should surprise absolutely no one.</strong></p> <p><strong><br /></strong></p> <p><iframe src="" width="480" height="290" frameborder="0" scrolling="no"></iframe></p> <p>&nbsp;</p> <p><a href=""><em>Via The Washington Post...</em></a></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>There are at least 32 similar incidents that have been reported since the mid-1970s</strong>, according to an assessment conducted by the Post. We included a few other interesting incidents in our total tally, but, regardless, that number is almost certainly too low. A report in 1994 indicated that the Secret Service had cataloged 23 people climbing the fence between 1989 and that year; news reports only covered a handful.</p> <p>&nbsp;</p> <p><strong>We took the incidents that were covered by the media and mapped them according to the point of entry -- and, in some cases, point of capture -- of the perpetrators. </strong></p> <p>&nbsp;</p> <p><a href=""><img src="" width="600" height="499" /></a></p> <p>&nbsp;</p> <p>The incidents cover a wide range of culprits and motivations, from homeless people to anti-war protestors to one remarkably drunk guy.</p> <p>&nbsp;</p> <p><a href=""></a></p> </blockquote> <p><span style="text-decoration: underline;"><strong>So - in response to all that...</strong></span></p> <p>35 breaches of The White House perimeter... "don't worry, we got this!"</p> <blockquote class="twitter-tweet" lang="en"><p>Additional security fence now in place at the WH to prevent any further fence jumping incidents. <a href=""></a></p> <p>— Mark Knoller (@markknoller) <a href="">September 23, 2014</a></p></blockquote> <script src="//"></script><p>So, as long as the next 'deranged assailant' is shorter than 3 feet tall and unable to climb, the President appears safe (especially if he 'resorts' to further vacations away from The 'endangered' White House.)</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1122" height="870" alt="" src="" /> </div> </div> </div> Twitter Twitter White House Tue, 23 Sep 2014 18:51:02 +0000 Tyler Durden 494733 at The 'New Normal' American Dream <p>Sad, but true...</p> <p>&nbsp;</p> <p><a href=""><img src="" width="600" height="454" /></a></p> <p>&nbsp;</p> <p><em>h/t @trutherbot</em></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1199" height="907" alt="" src="" /> </div> </div> </div> New Normal Tue, 23 Sep 2014 18:26:30 +0000 Tyler Durden 494732 at President Obama Explains How He Is "Strengthening Civil Society" - Live Feed <p>President Obama, speaking at The Clinton Global Initiative, will explain how the administration and its partners are deepening their commitment to defend and <strong>strengthen civil society globally... (apart from the bombings and sanctions and FATCA and bank penalties and Fed intervention)</strong>.</p> <p>&nbsp;</p> <p><iframe src="//" width="560" height="315" frameborder="0"></iframe></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="354" height="438" alt="" src="" /> </div> </div> </div> President Obama Tue, 23 Sep 2014 18:18:12 +0000 Tyler Durden 494731 at America's Politicians Earn $608 Per Hour <p>On the surface, earning $174,000 per year, while putting one solidly in the top 10% of all US earners, does not sound like much. This happens to be the 2014 allocated wage of America's elected political representatives, the members of the House of Representatives. And indeed, in the grand scheme of things it isn't much... until one considers that in the 102-day period between August 1 and November 12, this wage will be "earned" for just working a paltry 8 days, which, presuming 10 hour workdays, <strong>amounts to a whopping $608 per hour, on par with what some of America's most prominent lawyers earn. </strong>It is also several times the hourly compensation of anesthesiologists, one of the highest-earning professions, according to the Bureau of Labor Statistics, at $113 an hour on average. </p> <p>According to <a href="">The Hill</a>, liberal activist Ralph Nader worked out the eye-popping calculation in an angry letter he sent to Speaker John Boehner (R-Ohio) on Monday. From The Hill:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>“While millions of Americans are working more and more for less and less, you and your House of Representatives seem to have no problem working less and less for more and more,” </strong>he wrote.</p> <p>&nbsp;</p> <p>Nader calculated that Boehner, who earns $223,500 a year as Speaker, will earn roughly $781 per hour over a three-and-half month span, given Congress worked only eight days. Boehner has a higher salary than rank-and-file members. </p> <p>&nbsp;</p> <p>Lawmakers and their aides rebut Nader’s claim by arguing that time spent in Washington is only part of their job. The other part is meeting with and serving constituents back in their home districts and states. That’s why they call the time away state and district “work periods.”</p> <p>&nbsp;</p> <p>But critics, including President Obama, aren’t buying it. Obama scolded lawmakers on Aug. 2 for going “on vacation” without passing legislation to raise the minimum wage or reduce interest on student loans.&nbsp; </p> </blockquote> <p>Yes, we too find it ironic for Obama to be bashing others' vacation practices, but in this case he happens to be right: because if there is one job that is more useless than that of the US GOTUS, it is that of a US politican, whose "work" is laid out as follows:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>The House left for a five-week vacation from Washington on Aug. 1 and didn’t return until Sept. 8. After two four-day workweeks, it left again Thursday and is not due to return until Nov. 12. </p> <p>&nbsp;</p> <p>The Senate worked a similar schedule. It took the same break as the House in August and also worked only two weeks in September before leaving Washington to campaign for the midterm elections. </p> <p>&nbsp;</p> <p><strong>Some lawmakers admit they should probably be working harder.</strong></p> <p>&nbsp;</p> <p>Rep. David Jolly, a Republican from Florida, sent a letter to the House Rules Committee asking for the House to adopt a rule that would require it to stay in session longer. </p> <p>&nbsp;</p> <p>“I write to strongly advocate for a permanent rule change that would formally require the House to be in session significantly more days during the 114th Congress, which will convene in January 2015,” he wrote. <strong>“The House of Representatives, the ‘People’s House,’ simply cannot address the many priorities of the nation if we are not in session more days,” </strong>he added.</p> </blockquote> <p>And while it is easy to be furious with America's worthless landed political class - whose only contribution to society is being voted out or resigning - a logical question arises - why should the House, or the Senate, or even the President for that matter, work <strong><em>any hours </em></strong>in a world in which all the heavy lifting, or any lifting, is borne by the monetary authority, i.e., the Fed, which makes sure nobody in power has to make any decisions ever again just by pressing CTRL-P a few billion times every day.</p> <p>Finally, while we are amused by the naive thinking that members of the House earn "only" $174,000 per year or however much per hour, it is not their wages that make most members of Congress millionaires. In fact, as the following chart shows, the 50 richest members of Congress <strong>all have a net worth of $7.5 million or higher!</strong></p> <p><a href=""><img src="" width="600" height="797" /></a></p> <p>They did not earn this money by collecting a paltry salary. Instead, they made it through kickbacks, bribes, and other "lobbying" funds. All of which, of course, are perfectly legal in the circus that passes for US government. </p> <p>It is <strong>that </strong>which should be the target of public ire, not how much Congressmen make on an hourly basis. Because when one factors in all the undisclosed sources of funds, it is then that one would get a per hour number that would rival some of the best paid hedge fund managers in the US.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="645" height="363" alt="" src="" /> </div> </div> </div> Bureau of Labor Statistics Florida President Obama Student Loans Tue, 23 Sep 2014 18:03:36 +0000 Tyler Durden 494730 at Caught On Tape: What Happens When You Try To Exercise Your Constitutional Rights In Illinois <p><a href=""><em>Submitted by Mike Krieger via Liberty Blitzkrieg blog,</em></a></p> <p>What follows is the most powerful recorded police checkpoint scene I have witnessed since posting:&nbsp;<strong><a href="" rel="bookmark" title="Permanent Link to Extremely Powerful Video: Happy 4th of July from a Police State Checkpoint">Extremely Powerful Video &ndash;&nbsp;Happy 4th of July from a Police State Checkpoint</a></strong>, last summer.<strong>&nbsp;</strong></p> <p>While the former incident happened in Tennessee, the following occurred in Illinois. The American pleb&nbsp;who was accosted by Illinois State Police was&nbsp;DeKalb resident Ryan Scott.</p> <p>While it starts off slow, <strong>make sure you watch it all the way to the end.</strong></p> <p>While one of the the police officers is reasonable, the other one<strong> can&rsquo;t stop yelling and seems to derive a particular pleasure from repeatedly informing the citizen he supposed to &ldquo;protect and serve&rdquo; that &ldquo;driving is not a right, it&rsquo;s a privilege.&rdquo; </strong></p> <p>See for yourself:</p> <p><iframe allowfullscreen="" frameborder="0" height="360" src="//" width="480"></iframe></p> <p>&nbsp;</p> <p>What&rsquo;s also interesting, is <strong>you have to wonder if the second officer would have acted even more aggressively if Ryan hadn&rsquo;t informed him he was being recorded at the end of the conversation.</strong></p> <p>He seems to have backed down slightly upon understanding the repercussions of the recording. It just goes to show the importance of filming police encounters.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="406" height="242" alt="" src="" /> </div> </div> </div> Illinois Tue, 23 Sep 2014 17:33:38 +0000 Tyler Durden 494729 at Ho-Ho-Holding Mexican Bimbo Can't Get Paid <p>Sad but true. Current owner of the Twinkies and Ho-Ho brands, Mexico's Grupo Bimbo, had planned to take advantage of an exuberant public stock market by bringing a secondary stock offering to reduce its leverage. Everything was good-to-go on Friday, but with the market now down a stunning 1.5% from pre-BABA IPO levels, they have pulled the offering:</p> <ul> <li><strong>*MEXICO’S BIMBO SAID TO POSTPONE FOLLOW-ON SHARE OFFER: REUTERS</strong></li> </ul> <p>No comment as yet on the reason, though we assume "market conditions" will be cited as the <strong>fickleness of capital markets' animal spirits is once again exposed for all to see</strong>. <em>Perhaps Grupo Bimbo should rename themselves Grupo Bimbaba?</em></p> <p>&nbsp;</p> <p>As Bloomberg reports, <strong>Friday things were all go-go-go...</strong></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>Sale of 201.3m shares to be managed by BofA, BBVA, Citi, HSBC, JPMorgan and Santander</strong>, Bimbo says in e-mailed statement.</p> <p>&nbsp;</p> <p>Offering in Mexico, U.S. and other countries will represent a <strong>capital increase of as much as 4.3%</strong>: Bimbo</p> </blockquote> <p>And now...</p> <ul> <li><strong>*REUTERS CITES STOCK EXCHANGE SOURCE ON BIMBO OFFERING POSTPONED</strong></li> </ul> <p>What a difference two days make!</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="223" height="197" alt="" src="" /> </div> </div> </div> Market Conditions Mexico Reuters Tue, 23 Sep 2014 17:20:48 +0000 Tyler Durden 494728 at Strong 2 Year Auction Prices At Highest Yield Since April 2011, Highest Bid To Cover Since February <p>On one hand today's 2 Year bond auction priced, as expected, at the widest level since April 2011, or 0.589%, on rising concerns that the Fed may, all economic signs to the contrary, raise rates in the coming year. </p> <p>On the other hand, this was arguably the strongest 2 Year auction at this yield, in all of 2014. First, the auction stopped through a substantial 0.6bps through the 0.595% When Issued. Then, the Bid to Cover was a solid 3.564, the second highest of 2014, only lower than February's 3.605. Finally, the internals also were very solid, with Directs taking down 16.11% and Indirects holding 40.91%, the most since March 2014, leaving only 42.98% to the Dealers, which was also the lowest since March. </p> <p><a href=""><img src="" width="600" height="357" /></a></p> <p>A trend has emerged: the higher that yield, the more the demand, which is what one would expect in a world without endless Fed manipulation and central-planning. Could we be getting some hints of normalization? And how soon until yields resume their downward path as the current rate hike scare blows off yet agaian?</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1631" height="971" alt="" src="" /> </div> </div> </div> Bond Tue, 23 Sep 2014 17:14:16 +0000 Tyler Durden 494727 at Blackstone Slams "Broken Bond Market" Despite Record Bond-Issuance Driven Stock Buybacks <p><strong><a href="">Just over a year ago, we warned on the very real concerns about corporate bond liquidity drying up</a></strong> and the potentially huge problems associated with that, if and when the Fed ever pulls the rug out from the one-way street of free-money injections. It appears, as Bloomberg reports, having realized, we suspect, that they can&#39;t get out of their positions, the world&rsquo;s largest money manager, <strong>Blackrock, believes the corporate bond market is &quot;broken&quot; and in need of fixes to improve liquidity &quot;before market stress returns.&quot; </strong>Ironically, <a href="">as we have also explained in great detail,</a> it is this <strong>&#39;broken&#39; market that has enabled corporations to borrow cheap enough to buyback half a trillion dollars of their stock in 2014</strong>.</p> <p><a href="">As we discussed in great detail here, </a><strong>Federal Reserve intervention has had dramatic unintended consequences in the bond markets</strong>...</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>First, how does one define liquidity? Here is how the smartest guys in the room (and Matt King truly is one of the smartest guy) do:</p> <p>&nbsp;</p> <p><a href=""><img height="424" src="" width="600" /></a></p> <p>&nbsp;</p> <p>As the chart points out, the biggest falacy constantly perpetuated by market naivists, that liquidity and volume (in this case in fixed income) are one and the same, is absolutely wrong.</p> <p>&nbsp;</p> <p>...</p> <p>&nbsp;</p> <p>The TBAC&#39;s conclusion: the longer central planning goes on, the less the actual large &quot;block&quot; trades, and even those are getting smaller.</p> <p>&nbsp;</p> <p><a href=""><img height="429" src="" width="600" /></a></p> <p>&nbsp;</p> <p>The blue text above is self-explanatory: the slightest gust of wind, or rather volatility, threatens to shut down the secondary corporate bond market, which already is running on fumes.This can be seen in the final chart of this post which confirms that the Fed is succeeding... <strong>to its paradoxical chagrin</strong>! <u>Because the more pure liquidity moves to the (Fed-backstopped) Treasury market, the more investors are moving away from the most liquid instruments.</u></p> <p>&nbsp;</p> <p><a href=""><img height="421" src="" width="600" /></a></p> <p>&nbsp;</p> <p><u><strong>In other words, while the Fed, and the TBAC, both lament the scarcity of quality collateral and liquidity in non-Fed backstopped security markets, it is the Fed&#39;s continued presence in the (TSY) market in the first place, that is making a mockery of bond market liquidity and quality collateral procurement.</strong></u></p> <p>&nbsp;</p> <p>And without faith in a stable credit marketplace,<em> there is no way that a credit-based instrument can ever truly become the much needed &quot;high quality collateral&quot; to displace the Fed&#39;s monthly injection of infinitely funigble and repoable reserves (most benefiting foreign banks). </em></p> </blockquote> <p>And now - <u><strong>as Blackrock realizes that its massive (and likely levered) positions face a dramatic liquity risk cost if they are ever to &#39;realize&#39; any gains from the Fed&#39;s handouts (by actually selling), they cry foul and proclaim the bond markets &quot;broken&quot; and in need of government fixes...</strong></u></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>BlackRock, the world&rsquo;s biggest money manager, said the marketplace for corporate bonds is &ldquo;broken&rdquo; and in need of fixes to improve liquidity.</strong></p> <p>&nbsp;</p> <p>BlackRock, a major competitor in the bond market with $4.3 trillion in client assets, urged changes including unseating banks as the primary middlemen in the market and shifting transactions to electronic markets. Another solution BlackRock proposed: reducing the complexity of the bond market by encouraging corporations to issue debt with more standardized terms.</p> <p>&nbsp;</p> <p>Banks have retained their stranglehold on corporate debt trading despite years of effort by BlackRock and other large investors to eliminate their oligopoly. The top 10 dealers control more than 90 percent of trading, according to a Sept. 15 report from research firm Greenwich Associates. <strong><u>To BlackRock, the dangers of price gaps and scant liquidity have been masked in a benign, low interest-rate environment, and need to be addressed before market stress returns.</u></strong></p> <p>&nbsp;</p> <p>&ldquo;These reforms would hasten the evolution from today&rsquo;s outdated market structure to a <strong>modernized, &lsquo;fit for purpose&rsquo; corporate bond market,&rsquo;&rdquo;</strong> according to the research paper by a group of six BlackRock managers,</p> <p>&nbsp;</p> <p>...</p> <p>&nbsp;</p> <p>Standardization would allow more trading to occur on exchanges and other electronic venues, and would help stabilize markets in periods when investors rush to sell bonds, Gallagher said.<strong><u> The risk posed by investors trying to dump bonds after the Federal Reserve raises interest rates is &ldquo;percolating right under&rdquo; the noses of regulators, he said.</u></strong></p> </blockquote> <p>*&nbsp; *&nbsp; *<br />So there it is - the truth carefully hidden - <strong>Blackrock is in full panic mode knowing that the game-theoretical first-mover advantage does not apply to their selling down their positions since they are simply too large... so we need to &quot;fix&quot; liquidity and standardize markets (to enable easy risk transfer to retail pension funds) or the Mutually-Assured-Destruction card will be played once again.</strong></p> <p>*&nbsp; *&nbsp; *<br />Of course, while they are correct in terms of liquidity (for a concerted exit of bond positions), <strong>we did not hear them complaining as cheap primary borrowing enabled half a trillion dollars of buybacks in 2014...</strong></p> <p><img alt="" src="" style="width: 599px; height: 294px;" /></p> <p>&nbsp;</p> <p><strong>to sustain the mirage of economic growth via the stock &#39;market&#39;...</strong></p> <p><img alt="" src="" style="height: 228px; width: 599px;" /></p> <p>*&nbsp; *&nbsp; *</p> <p>This is of course just another canary in the coalmine that confirms trouble ahead in the corporate bond market - as we have discussed at length...</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><h1 class="title"><a href="">High-Yield Credit Crashes To 6-Month Lows As Outflows Continue</a></h1> <p>&nbsp;</p> <h1 class="title"><a href="">High-Yield Bonds &quot;Extremely Overvalued&quot; For Longest Period Ever</a></h1> <p>&nbsp;</p> <h1 class="title"><a href="">High Yield Credit Market Flashing Red As Outflows Surge</a></h1> <p>&nbsp;</p> <h1 class="title"><a href="">Is This The Chart That Has High-Yield Investors Running For The Hills?</a></h1> </blockquote> <p>*&nbsp; *&nbsp; *</p> <p>While the &#39;market&#39; impact of these facts is potentially economically devastating in its reality-endgame of bursting over-inflated buy-back-driven asset-bubbles, the<strong> traders and bankers themselves have also been crushed (schadenfreude-istically for many)</strong>,<a href=""> as Bloomberg reports,</a></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>As trading in dollar-denominated bonds declined 22 percent in the past five years to an average daily $809 billion, so have the jobs,</strong> leaving even some of the most senior traders and salesmen moving from firm to firm. Dozens of journeymen are populating an industry that used to attract the young in throngs, lured by money and prestige, according to Michael Maloney, president of fixed-income recruiting firm Michael P. Maloney Inc.</p> <p>&nbsp;</p> <p><u><strong>&ldquo;The business model is broken and 50 percent of the people in our world who are in trading are stuck right now,&rdquo; </strong></u>Maloney said in an interview in his New York office.</p> <p>&nbsp;</p> <p><a href=""><img alt="" src="" style="width: 600px; height: 333px;" /></a></p> <p>&nbsp;</p> <p>For every 10 of them there&rsquo;s going to be three or four left,&rdquo; he said. &ldquo;What&rsquo;s the timeframe? Well,<strong> everybody I know is looking for a job -- not looking for a job, looking for a career.&rdquo;</strong></p> <p>&nbsp;</p> <p>&ldquo;It&rsquo;s surprising how quiet a place could be compared to what I had known,&rdquo; said Stein, who began trading bonds in 1985.</p> </blockquote> <p>*&nbsp; *&nbsp; *<br />See what happens, Janet, when you screw with the &#39;market&#39;?</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="646" height="358" alt="" src="" /> </div> </div> </div> Blackrock Bond Federal Reserve fixed Greenwich Associates High Yield Volatility Tue, 23 Sep 2014 16:53:52 +0000 Tyler Durden 494726 at Why Institutions Are So Desperate For The Retail Investor To Come Back <p>As the S&amp;P 500 levitates ever higher on the back of what even JPM and Citigroup now both admit is nothing but a global central-bank reflated bubble which, <em>hardly a spoiler alert here,</em> will burst sooner or later leaving those who are holding the bag with unprecedented losses, one thing is clear: <strong>the retail investor is not coming back. </strong>Whether it is a complete lack of trust in a market that has been revealed to be more rigged than any casino, or because every risk asset is artificially propped up by a few Princeton economists, or simply because the "retail" investor does not have the disposable income to come back, is irrelevant: retail is done.</p> <p>There is, however, a problem.</p> <p>As the exuberant talking-heads proclaim, day after day, that "<strong><em>this is the moment of clarity for retail to come storming back off the sidelines"</em></strong>, the question arises who exactly would retail be buying from? </p> <p>The answer: the same institutions whose proximity to the Fed has allowed them to lever up at near zero cost of debt rates, and who have bid up risk to unprecedented levels, pushing the S&amp;P over 2000 in recent weeks. Of course, those are all <em><strong>paper gains</strong></em>, as institutions know all too well. Which is why the time to monetize paper profits is now, and why with every day that retail refuses to come back and buy what institutions are increasingly desperate to sell, is one day more in which the day of <em>"paper profits into very real losses"</em> reckoning approaches.</p> <p>This epic divergence between institutions and retail is shown in the JPM chart below.</p> <p><a href=""><img src="" width="600" height="510" /></a></p> <p>Needless to say, it won't take much is for the rickety game theory equilibrium in which not one institution has dared to sell, over fears what would happen if every other institutions rushes in, finally breaks.</p> <p>It is also why every media outlet, newspaper, ant TV channel has a simple message for you, dear retail investor: <strong>please come back already, and buy, buy, buy... what every bank, prop desk, hedge fund, mutual fund, pension fund, and central bank, is so desperate to sell.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="709" height="603" alt="" src="" /> </div> </div> </div> Citigroup Newspaper Tue, 23 Sep 2014 16:30:49 +0000 Tyler Durden 494725 at Syria Is 7th (Muslim) Country Bombed By 2009 Nobel Peace Prize Winner <p><em>Authored by Glenn Greenwald, <a href="">originally posted at The Intercept</a>,</em></p> <p><strong>The U.S. <a href=";action=click&amp;pgtype=Homepage&amp;version=Banner&amp;module=span-ab-top-region&amp;region=top-news&amp;WT.nav=top-news">today began bombing</a> targets inside Syria</strong>, in concert with its lovely and inspiring group of five allied regimes: Saudi Arabia, Bahrain, United Arab Emirates, Qatar, and Jordan.</p> <p><strong>That means that Syria becomes the 7th predominantly Muslim country bombed by the 2009 Nobel Peace Laureate &ndash; after <a href="">Afghanistan</a>, <a href="">Pakistan</a>, <a href="">Yemen</a>, <a href="">Somalia</a>, <a href="">Libya</a> and <a href="">Iraq</a>.</strong></p> <p>The utter lack of interest in what possible legal authority Obama has to bomb Syria is telling indeed: empires bomb who they want, when they want, for whatever reason (indeed, recall that Obama bombed Libya even <em>after</em> <a href="">Congress explicitly voted against</a> authorization to use force, and very few people seemed to mind that abject act of lawlessness; constitutional constraints are not for warriors and emperors).</p> <p><strong>It was just over a year ago that <a href="">Obama officials were insisting</a> that bombing and attacking Assad was a moral and strategic imperative</strong>. Instead, Obama is now bombing Assad&rsquo;s enemies while <a href="">politely informing his regime</a> of its targets in advance. It seems irrelevant on whom the U.S. wages war; what matters it that it be at war, <a href="">always and forever</a>.</p> <p><strong>Six weeks of bombing <a href=";action=click&amp;pgtype=Homepage&amp;version=HpSumSmallMedia&amp;module=a-lede-package-region&amp;region=top-news&amp;WT.nav=top-news">hasn&rsquo;t budged ISIS in Iraq</a>, but it has <a href="">caused ISIS recruitment to soar</a>.</strong> That&rsquo;s all predictable: the U.S. has <a href="">known for years</a> that what fuels and strengthens anti-American sentiment (and thus anti-American extremism) is exactly what they keep doing: aggression in that region. If you know that, then they know that. At this point, it&rsquo;s more rational to say they do all of this not <em>despite</em>&nbsp;triggering those outcomes, but <em>because</em> of it. Continuously creating and strengthening enemies is a feature, not a bug, as it is what then justifies the ongoing greasing of the profitable and power-vesting machine of Endless War.</p> <p>If there is anyone who actually believes that the point of all of this is a moral crusade to vanquish the evil-doers of ISIS (as the U.S. fights alongside its close Saudi friends), please read <a href="">Professor&nbsp;As&rsquo;ad AbuKhalil&rsquo;s explanation today</a> of how Syria is a multi-tiered proxy war. As the disastrous Libya &ldquo;intervention&rdquo; should conclusively and permanently demonstrate, the U.S. does not bomb countries for humanitarian objectives. <strong>Humanitarianism is <a href="">the pretense, not the purpose</a>.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="585" height="541" alt="" src="" /> </div> </div> </div> Afghanistan Iraq Saudi Arabia Somalia Tue, 23 Sep 2014 16:17:15 +0000 Tyler Durden 494719 at