Former Defense Secretary Says US Will Probably Enforce "No Fly Zone", "Take Aggressive Action" Over Syria

Tyler Durden's picture




 

Three months to the election? Check. Which means war-mongering rhetoric, once considered a staple of the GOP, may very soon become action, first in Syria, and soon, everywhere else. From Bloomberg: "The U.S. and allied forces probably will impose a “no-fly zone” over Syria and take other “more aggressive action” against the Syrian regime, former Defense Secretary William Cohen said. While the U.S. has been leery of another military intervention after a decade of wars, “We’re coming to the point, however, where the violence is getting so severe, I think, that you’ll see a movement towards setting up those no- fly zones,” Cohen said on Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend." Is war and immediate geopolitical escalation guaranteed? Not yet: "The former Pentagon chief and Maine senator, now chairman and chief executive officer of the Cohen Group consulting firm in Washington, said any U.S. military action would depend on participation and support from allies." Although desperate times, and by that we mean unfavorably trending popularity ranking, will certainly require desperate measures. Such as the continued massive build up of US naval assets in the middle east.

More from Bloomberg:

"I think that the United States is not going to go into this alone," said Cohen, who served as defense secretary during the NATO air strikes in the Kosovo conflict during the Clinton administration. "That’s why we’ve been working with the Gulf states."
 
John Brennan, President Barack Obama’s top homeland security and counterterrorism adviser, said on Aug. 8 the administration is studying the option of a no-fly zone with air protection “very carefully, trying to understand the implications, trying to understand the advantages and disadvantages of this.”
 
Cohen, a Republican, also criticized the presumptive Republican presidential nominee, Mitt Romney, for promising to issue an executive order on his first day in office labeling China a currency manipulator.

Then there is Iran. And Israel:

On Iran, Cohen said the odds are increasing that Israel will strike the Islamic regime's nuclear facilities to prevent the Persian Gulf state from being able to produce a nuclear bomb.
 
“I would say it’s a little bit better than 50-50 that the Israelis would take action,” Cohen said. “The rhetoric is starting to get ratcheted up,” he said, though the sharp language may be a “tactical” move to pressure Russia and China to sanction Iran.

Which they won't as both see Iran, as well as Syria, precisely as the fulcrum points in an anti-US/Israel axis. And from there, where the escalation takes us, is anybody's guess.

The good news is that if and when Syria is finally "liberated", following what is sure to be a barrage of daily media propaganda including the gratuitous includsion of "weapons of mass destruction" for old time's sake, when brent and crude soar to new record highs, at least the market can be finally assured that no QE will be coming any time soon. Or not so soon.

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Fri, 08/10/2012 - 20:26 | 2695837 veyron
veyron's picture

There are allegations of market manipulation involving zerohedge:

 

http://gross-law.com/dalrymple.pdf

 

Can you give us some color on the situation?

Fri, 08/10/2012 - 20:45 | 2695863 LetThemEatRand
LetThemEatRand's picture

ZH is not a defendant in the lawsuit.  From the Complaint:  

"202. While zerohedge.com has been the subject of harsh criticism for its practice of anonymously spreading dirt concerning public companies and individuals, the site gets substantial traffic and gained a measure of credibility regarding stories concerning Goldman Sachs that  it broke in 2009, about which Dalrymple wrote a flattering article on seekingalpha.com the day after its publication. Thus, the site presented Defendants and their coconspirators a useful channel for distribution of their false and misleading information concerning the Company."

Translation -- too much truth passes through these intertubes.

Fri, 08/10/2012 - 20:50 | 2695886 UP Forester
UP Forester's picture

May be a little truth to it, questioning the overlord gets you banned:

http://www.zerohedge.com/users/veyron

 

Fri, 08/10/2012 - 21:02 | 2695908 UP Forester
UP Forester's picture

And he got brought back, didn't even say anything about edomites and such....

 

Fri, 08/10/2012 - 22:15 | 2696103 iDealMeat
iDealMeat's picture

2'nd request to ZH.  Zip up your DB and let us import..

 

Fri, 08/10/2012 - 22:55 | 2696193 CompassionateFascist
CompassionateFascist's picture

Tr: ZOG is very unhappy with ZH. And other large chunks of the 'net.

Sun, 08/12/2012 - 01:27 | 2698347 UP Forester
UP Forester's picture

Guess I touched a nerve, too, should check my e-mail more often:

UP Forester,

Your account at ZeroHedge has been activated.

You may now log in by clicking on this link or copying and pasting it in your
browser:

Sun, 08/12/2012 - 01:29 | 2698349 veyron
veyron's picture

Censorship at its finest.

Fri, 08/10/2012 - 20:54 | 2695887 AssFire
AssFire's picture

You forgot the first rule about fight club... you liberal progressive occupy maggot.

You couldn't pull a rag out of Ayn Rand

Fri, 08/10/2012 - 21:25 | 2695959 Duke of Con Dao
Duke of Con Dao's picture

You Didn't Build that Roark, sez Prez, Someone else made that happen.

http://www.youtube.com/watch?v=g-9jE3pj_60

Fri, 08/10/2012 - 21:44 | 2696015 LetThemEatRand
LetThemEatRand's picture

"You couldn't pull a rag out of Ayn Rand."

Interesting analogy.  I pulled you out of Ayn Rand's ass where your nose lives, assfire.  Fuck you.

Fri, 08/10/2012 - 22:37 | 2696142 AssFire
AssFire's picture

Domestic Enemy.

 

Fri, 08/10/2012 - 22:44 | 2696169 LetThemEatRand
LetThemEatRand's picture

Okay, McCarthy.  

Fri, 08/10/2012 - 23:00 | 2696204 CompassionateFascist
CompassionateFascist's picture

Yes...Senator Joe not only exposed the Reds infesting the Rosenfelt-Truman Regime, he exposed the shabbatz goy libs protecting them. Scum like you.

Fri, 08/10/2012 - 23:08 | 2696227 LetThemEatRand
LetThemEatRand's picture

Small something syndrome with all of the bold?

Fri, 08/10/2012 - 23:33 | 2696286 engineertheeconomy
engineertheeconomy's picture

You fucking stupid Cunt, you remind me of the Black Knight. No arms or legs but you keep on...

Fri, 08/10/2012 - 23:38 | 2696295 LetThemEatRand
LetThemEatRand's picture

I think I saw an episode of "Cops" when I was a kid, where the trailer trash said "you fucking stupid Cunt" to his equally eloquent spouse.   Nicely done, and nicely argued.

Sat, 08/11/2012 - 08:59 | 2696816 GMadScientist
GMadScientist's picture

Any woman that would slum with the 'engineer' (maybe model trains?) above is, by definition,...

Sat, 08/11/2012 - 17:05 | 2697811 CompassionateFascist
CompassionateFascist's picture

It's so I can go back a day or so later, easily find them, and make copies of my bursts of wisdom, including all greens and junks. Eventually - after my acession to power, which is as inevitable as the Rising of the Sun - all will be published in a multi-volume set titled "Compassionate Fascist: the Collected Comments".

Fri, 08/10/2012 - 23:08 | 2696222 Totentänzerlied
Totentänzerlied's picture

Huh? All he did was respond to and correct someone's statement... even took the time to go through that PDF.

Fri, 08/10/2012 - 20:49 | 2695885 Tyler Durden
Tyler Durden's picture

A cursory read of this frivolous lawsuit (which on top of everything is based on unvalidated, incorrect and libelous statements regarding Zero Hedge) filed by an anonymous entity operating out of a Gibraltar shell company alleges that a research report which was posted on Zero Hedge authored by a third party, warned that a company called Gerova Financial was a fraud.

Months later Gerova filed for bankruptcy after it was exposed as a fraud by the market. This can be easily confirmed by anyone with access to google and a basic understanding of finance. For the lazy ones, links are here and here. Because one thing that this idiotic lawsuit did not mention is the following:

On Wednesday, February 23, 2011, the NYSE implemented a trading halt in the Securities pending the disclosure of additional information relative to Gerova's operations, management restructuring and business plans, and the staff of the NYSE has been evaluating the suitability for continued listing of the Company's securities on the NYSE. Based on continuing discussions with the staff and evaluation of the circumstances, including the prospect of the continuation of the trading halt or delisting proceedings, the Company's Board of Directors has determined that it is in the best interest of the Company to voluntarily discontinue the NYSE listing of the Securities.

The subsequent class actions lawsuits against the fraudulent company came quickly:

The Complaint alleges that throughout the Class Period, defendants misrepresented or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including but not limited to the fact that a substantial portion of the assets it acquired pursuant to several transactions in January 2010 were impaired, illiquid, and worth far less than their recorded value; and that some of these acquisitions were with companies controlled by or affiliated with Gerova’s top officers.

Of course, none of the actual facts were mentioned in the lawsuit.

The unnamed Gibraltar shell company lost money since it, like John Paulson with SinoForest, did no diligence of its own, and experienced a full loss on its investment. As a result they are desperate to scapegoat anyone for their complete lack of financial insight, analysis, and laziness and thus loss of credibility with their own investors.

Anyone who read the report and acted accordingly was able to save their money.

Of course, since Zero Hedge merely served as the venue through which a wider number of people would be warned, you probably should direct your question to the actual defendant who did a service to anyone who took him or her seriously and pulled their money out of this subsequently confirmed fraud of a company.

Is that sufficient color? Or are you still trying to prove that Goldman Sachs is the owner of Zero Hedge?

Fri, 08/10/2012 - 20:54 | 2695895 Bay of Pigs
Bay of Pigs's picture

Thanks Tyler

Fri, 08/10/2012 - 21:24 | 2695949 veyron
veyron's picture

If CNBC did a pump and dump scheme (like they did with Facebook) you'd be on them like white on rice.  And the fact that you banned me is disconcerting to say the least.

This is the perfect opportunity to pen an article discussing what constitutes a hit job / pump&dump and what constitutes a legitimate line of questioning regarding a company's performance.

 

P.S.: This is one of the first google entries for ABC Media.

Fri, 08/10/2012 - 21:24 | 2695958 Tyler Durden
Tyler Durden's picture

You were banned which is why you are commenting on zero hedge? Furthermore, to most who frequent this website it is quite  clear what constitutes actionable, fact-based, and validatable information and what is a pump and dump, which simply provides an opportunity for a company to buy back its stock at a huge discount and generate a substantial return on equity.

Fri, 08/10/2012 - 21:25 | 2695962 UP Forester
UP Forester's picture

Uh, oh, he went there....

Fri, 08/10/2012 - 21:29 | 2695974 veyron
Fri, 08/10/2012 - 21:34 | 2695991 g
g's picture

Well that is most interesting... I detect post edits to in this thread.

Fri, 08/10/2012 - 21:35 | 2695994 g
g's picture

At least three actually and these are edits post response, so I think I am saying that the edited posts are not from the users.

Fri, 08/10/2012 - 22:30 | 2696134 slewie the pi-rat
slewie the pi-rat's picture

thank goodness!

the NSA!  we're fuking saved!

don't you people have any drugs?  here!  :>  J. Edgar Hoover 1972

tyler,  another drink? 

Sat, 08/11/2012 - 09:06 | 2696831 GMadScientist
GMadScientist's picture

http://www.youtube.com/watch?v=_V6z0OxuAzY

"Honey, they're in everybody's eggs." - General Curtis Goatheart

 

Fri, 08/10/2012 - 21:36 | 2695995 UP Forester
UP Forester's picture

Wow, I wish I could use a time machine to edit some of my comments....

 

Fri, 08/10/2012 - 22:01 | 2696061 LetThemEatRand
LetThemEatRand's picture

Start a blog that hundreds of thousands of people read every day, and you too can use a "time machine" to edit your own content.  You sound like a welfare queen bitching about the EBT card that doesn't work when you want to buy cigarettes.

Fri, 08/10/2012 - 23:10 | 2696231 CompassionateFascist
CompassionateFascist's picture

Even a broken clock is right twice a day.

Fri, 08/10/2012 - 23:19 | 2696256 LetThemEatRand
LetThemEatRand's picture

2x right CF!

Sat, 08/11/2012 - 03:28 | 2696555 mkhs
mkhs's picture

I don't understand.  My digital just has a blank screen?

Sun, 08/12/2012 - 04:20 | 2698428 old naughty
old naughty's picture

replace the batteries, pleaseeeee. ;p

Sat, 08/11/2012 - 09:09 | 2696834 GMadScientist
GMadScientist's picture

Depends how it's broken.

For example, a clock sweeping backwards at a high rate may actually coincide with the correct time several times during each day (digital or analog).

Sun, 08/12/2012 - 04:21 | 2698430 old naughty
old naughty's picture

...sweeping backwards at a high rate..."

Are we in the Twilight Zone?

Oh, we are.

Sat, 08/11/2012 - 00:46 | 2696384 HungrySeagull
HungrySeagull's picture

Forget the EBT, forget the smokes and forget the entire process of enslaving the very ones who try to stand and protest.

I gave up smoking cold turkey a decade ago trying to get fit to be able to walk more than a half mile. I am a cold basted and a happy one now that I am not spending 4 bucks a pack instead of 4 bucks for three per day.

I do worry that there are a great many eyes that glow around this small Campfire known as ZH that will like nothing more than to devour each and everyone one of us, along with the Free internet to plunge a entire society into blindness.

 

That day may yet come, but not before trying to sort the comments, discarding the chaff and keeping the few good wheat.

Fri, 08/10/2012 - 21:37 | 2695999 Bay of Pigs
Bay of Pigs's picture

Slow down fellas. No need to go all Tin Hat like us Gold Clowns around here. :o)

Edit? Tyler gave you more info, not less.

Fri, 08/10/2012 - 21:37 | 2696000 veyron
veyron's picture

Very interesting.

 

The original was

 

"You were banned which is why you are commenting on zero hedge? "

 

other stuff was added later

Fri, 08/10/2012 - 21:39 | 2696004 g
g's picture

Lets be fair here, the truth is that vey is correct, that reply he refers to was changed, as well as several others.

Fri, 08/10/2012 - 21:41 | 2696007 engineertheeconomy
engineertheeconomy's picture

I'm not taking sides, but what is your point?

Fri, 08/10/2012 - 21:46 | 2696019 veyron
veyron's picture

Google pointed to this lawsuit first under ABC Media LTD.  I wanted to give tyler a fair chance to reply.

 

"Can you give us some color on the situation?"

I didn't come out saying that he was wrong.  I wanted to give him a genuine chance to clarify.  The subsequent response (including banning) seemed suspicious, and I think a few other readers noticed this as well ...
Fri, 08/10/2012 - 21:59 | 2696053 nmewn
nmewn's picture

I'm late to this but I'm not seeing any "banning" here...maybe you should clarify...?

What, exactly is suspicious?

Fri, 08/10/2012 - 22:04 | 2696074 veyron
veyron's picture

During a five minute period, I was banned.  my user page http://www.zerohedge.com/users/veyron said "Access Denied"

A few users noticed it and someone made a comment that questioning ZH gets people banned.  Tyler quickly reversed it and I posted a screenshot showing that it was reversed.

I asked what I thought was a legitimate question without any preconceived notion.  I was googling for ABC Media LTD and this came up.  An honest response by Tyler would be an eloquent description of what happened.  Instead his reaction was petty.

When people question CNBC, we boo when they try to blow off the question.  We should be better than them.  

Fri, 08/10/2012 - 22:33 | 2696110 nmewn
nmewn's picture

"During a five minute period, I was banned.  my user page http://www.zerohedge.com/users/veyron said "Access Denied"

All that means (as I understand it) is someone is about to respond to you...so you can't edit that comment...its locked.

You are not banned now...so, that means not banned to most people.

////////////////////////////

As an aside...Tyler has a right to ban anyone from his property...including me (they say so) for any reason or none at all.

Its an age old concept...my house, my rules.

If it were me, I may well have banned a bunch of posters...Grand Super Cycle and other obvious hacks and virus spreaders...so I think its a testament to his/their free speech that they don't... they leave it up to free will.

Sayin...its found here;

It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure.

Fri, 08/10/2012 - 22:37 | 2696148 LetThemEatRand
LetThemEatRand's picture

I just punched myself in the face because I agree with you.  Fortunately, my self-loathing was tempered by the irritation of seeing all of your bold font words which are completely unnecessary to make your point in such a short post. [edit -- your post was a lot shorter before you edited it and added several paragraphs while I was typing.  I just punched myself again for taking so long typing my response]

Fri, 08/10/2012 - 22:42 | 2696165 nmewn
nmewn's picture

You'll be glad to know I gave myself a bloody nose having to give you a greenie up top.

Pass the tissue ;-)

Fri, 08/10/2012 - 22:47 | 2696175 LetThemEatRand
LetThemEatRand's picture

I just came to after punching myself again because of the winking.  Greenie anyway.  Back to the Vodka.

Do NOT follow this link or you will be banned from the site!