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Previewing This Week's Circuses... If Not So Much Bread

Tyler Durden's picture




 

With the US economy in free fall, European liquidity imploding, NASA on beneficially inclined and extremely solvent extraterrestrial life alert (someone has to bailout the world after all), at least we have political circuses, if not so much bread... or cake. Here is what DC has in store for us over the next five days. Luckily, we can forget our trials and tribulations tonight when 8 pm brings with it the second Republican presidential address in which Ron Paul will once again be the undisputed winner and will be largely ignored by everyone in the mainstream, financially-funded media.

Monday, September 12

  • Today/tonight – President Obama sends American Jobs Act to Congress. The President is expected to make remarks from the Rose Garden at some point today before he submits the legislation to Congress, but no time has been announced.  Over the last several days, the Republican response to President Obama’s request to extend the payroll tax cut has been fairly supportive, though there has been less said about expanding the tax cut (from $110bn per year to $175bn) or providing new tax relief for small businesses (totaling $65bn).
  • 8:00 pm – Republican presidential debate. This debate may receive a little less attention than last week’s, now that Texas Gov. Rick Perry is no longer a newcomer to the race.

Tuesday, September 13

  • Joint Committee on Deficit Reduction hears testimony on drivers of debt from CBO Director Doug Elmendorf.   Elmendorf is likely to tell the committee that the primary driver of deficits over the longer term will be health spending, but thus far there are few signs that either party’s appointees to the committee are interested in fundamentally reforming Medicare or Medicaid as part of this process, though they may consider some more technical changes to those programs, potentially borrowed from the items that were discussed in the Biden-Cantor debt limit talks but not included in the final debt limit legislation.
  • President Obama speaks on the economy in Ohio….
  • Senate begins consideration of highway bill extension. The Senate will consider a four-month extension of the highway program, which funds over $40bn per year in infrastructure spending.  The program expires Sept. 30, and expiration would mean a lapse in the gasoline tax (which funds the highway program) as well as a lapse in matching payments to states and localities.  The House is also expected to pass an extension this week.
  • Former Fed Chair Alan Greenspan testifies before the Senate Finance Committee on tax reform.  The committee has invested significant time in the tax reform issue, though it is not clear whether either it or the super committee can tackle this issue with efforts still at a preliminary stage.
  • Repeal of EPA regulations. The House Energy and Commerce Committee will vote on legislation that would delay EPA rules restricting air pollution from industrial boilers.  The committee will also consider a separate bill dealing with cement plants.  These are expected to pass the House soon, but will face opposition in the Senate.
  • Special elections in New York and Nevada.   In the New York 9th District recently vacated by former Rep. Anthony Weiner (D-NY), Republican candidate Bob Turner has held a consistent 5 to 6 point lead in polls conducted over the last two weeks.  In the last two presidential elections, the votes for Democratic candidates in this district exceeded the national average by 5%; if the Republican candidate wins in NY-9, it will be the second most Democratic-leaning district held by a Republican on this measure. In the Nevada 2nd District, which leans heavily Republican, polls suggest the Republican candidate, Mark Amodei is expected to cruise to an easy victory.

Wednesday, September 14

  • President Obama speaks on the economy in North Carolina...

Thursday, September 15

  • House Speaker Boehner speaks on the economy.  He will speak at a lunch event hosted by the Economic Club of Washington.
  • Mortgage Bankers Assoc. testifies on mortgage refinancing proposals.  David Stevens, who recently led the FHA, will testify on behalf of the Mortgage Bankers Association on "New Ideas for Refinancing and Restructuring Mortgage Loans."  While the FHFA and the Obama Administration are clearly working on a new refinancing program to increase refinancing through the GSEs, at this point it appears that the scope of the program will be fairly limited.
  • Senate Budget Committee hearing on economic policy and the President’s jobs proposal.  Private sector economists will testify.
  • SEC Chairman Mary Schapiro testifies in House Financial Services.
  • House votes on National Labor Relations Board (NRLB) rules.  The bill, HR 2597, would prohibit the NLRB from addressing issues related to where a company locates operations. It is likely to face opposition in the Senate.

From Goldman

 

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Mon, 09/12/2011 - 12:47 | 1660006 tahoebumsmith
tahoebumsmith's picture

NASA on beneficially inclined and extremely solvent extraterrestrial life alert...LMFAO

Mon, 09/12/2011 - 12:57 | 1660040 AldousHuxley
AldousHuxley's picture

Circus without bread or music will likely to end in a riot.

 

 

Mon, 09/12/2011 - 13:15 | 1660104 Oh regional Indian
Oh regional Indian's picture

How come the Super Congress is not mentioned?

Don't they "seat" today or tomorrow?

They couldn't get a ConCon so you all got a SuperCON!

V

Source of American Geopolitical Power

Mon, 09/12/2011 - 14:13 | 1660289 Lem Motlow
Lem Motlow's picture

It was, first bullet point on Tuesday.

Mon, 09/12/2011 - 13:00 | 1660051 Little John
Little John's picture

Houston - we have a problem.

Mon, 09/12/2011 - 13:01 | 1660058 Cognitive Dissonance
Cognitive Dissonance's picture

When the beneficially inclined and extremely solvent extraterrestrial life forms eventually show it won't do us any good since the Fed doesn't believe Gold is money and that's all the space aliens use.

Mon, 09/12/2011 - 13:11 | 1660087 Dr. No
Dr. No's picture

extraterrestrial life forms eventually show it won't do us any good

Wrong!  Krugman would have us declare war in order to boost GDP.  If Aliens show their big heads, it is bullish - no matter what message they bring.

 

Mon, 09/12/2011 - 13:16 | 1660112 Cognitive Dissonance
Cognitive Dissonance's picture

I can see how losing a war against technically advanced aliens would boost GDP...........from zero after the aliens blast us to pieces. :>)

Mon, 09/12/2011 - 14:00 | 1660242 wombats
wombats's picture

Maybe the aliens will bail out the Fed...or maybe Marvin the Martian will blast the Fed to smitherines. :)

Mon, 09/12/2011 - 13:08 | 1660077 SheepDog-One
SheepDog-One's picture

I thought the aliens wanted to kill us all....now theyre bringing QE?

Mon, 09/12/2011 - 13:46 | 1660200 snakeboat
snakeboat's picture

but but QE is killing us...

Mon, 09/12/2011 - 14:01 | 1660249 MachoMan
MachoMan's picture

slow to the punch, beaten by 15 minutes heh...

Tue, 09/13/2011 - 00:40 | 1662626 Tompooz
Tompooz's picture

What aliens? Israel will bail out the Unites States. .. 

Mon, 09/12/2011 - 12:47 | 1660008 Flakmeister
Flakmeister's picture

I didn't notice the pre-announcement of the leak for QE3

Mon, 09/12/2011 - 12:48 | 1660009 koaj
koaj's picture

Ron Paul will once again be the undisputed winner and will be largely ignored by everyone in the mainstream, financially-funded media

----------

aint that the truth

one day more then .01% of Americans will understand his silver dime line from the last debate

or they will know that the closing comment he made was from Bastiat

i can hope...

Mon, 09/12/2011 - 13:03 | 1660054 Reform1776
Reform1776's picture

No doubt, the dime comment went completely over everyones heads.

Speaking of financially funded media candidates, has anyone checked out Buddy Roemer's Presidential campaign? Is refusing all PAC money, $100 max contribution per person. Is basically also stating in plain terms the current system is corrupt. Is pretty refreshing, but guess of course who's not gonna be at the debate???

 

 

Mon, 09/12/2011 - 13:03 | 1660064 LongSoupLine
LongSoupLine's picture

So true koaj...I laughed at Paul’s “silver dime” comment when he made it, while at the same time knowing the sounds of crickets were emanating in the heads of your average (see: Dancing with the Stars) American television viewing audience.

Mon, 09/12/2011 - 13:05 | 1660068 OutLookingIn
OutLookingIn's picture

BINGO!

Ron Paul's message and his program to 'fix' things is ignored by the powers that are because they want the status quo to continue. Recovery? What recovery? Check out Larry Edelson's article out this morning on that;

http://www.uncommonwisdomdaily.com/double-dip-baloney-12924

Mon, 09/12/2011 - 13:14 | 1660101 Abiotic Oil
Abiotic Oil's picture

Wolf Blitzer: "Now Congressman Paul, let's get to your first question of the night, and final question of the debate.  Which do you feel is more beneficial to the average American, watching Housewives of Orange County or Jersey Shore?  You have 30 seconds, please only address the question."

 

 

Mon, 09/12/2011 - 12:50 | 1660014 Potemkin Nation
Potemkin Nation's picture

Miners getting clubbed like a baby seal today.  Right on schedule for options expiration.

Mon, 09/12/2011 - 12:51 | 1660016 doomandbloom
doomandbloom's picture

who is Ron Paul?

Mon, 09/12/2011 - 12:54 | 1660030 SirPlayomic
SirPlayomic's picture

Andrew Jackson

greedion.com

Mon, 09/12/2011 - 12:58 | 1660046 Lord Welligton
Lord Welligton's picture

Very droll.

Mon, 09/12/2011 - 14:43 | 1660444 plocequ1
plocequ1's picture

Some guy pretending to run for president, Like that dude with the funny hairpiece. Whats his name? Donald something. I forget

Mon, 09/12/2011 - 12:51 | 1660017 stormsailor
stormsailor's picture

looks like the /es is bustin south. yee-haa

Mon, 09/12/2011 - 13:02 | 1660020 The Gooch
The Gooch's picture

Ron Paul Punk Rock Anthem- http://www.youtube.com/watch?v=eWC_0jPFQ_Q

Mon, 09/12/2011 - 12:55 | 1660026 TruthInSunshine
TruthInSunshine's picture

Soon, Big Sugar Daddy (the kind who pimps the less fortunate out) will ensure that nanny-state teet suckers (46 million strong) will be able to get their bread in restaurants as well as grocery stores:

 

Restaurants want a piece of food stamp pie - USATODAY.com
Mon, 09/12/2011 - 12:54 | 1660027 stormsailor
stormsailor's picture

who is ron paul (john gault)?

Mon, 09/12/2011 - 12:56 | 1660039 koaj
koaj's picture

galt

Mon, 09/12/2011 - 13:14 | 1660097 stormsailor
stormsailor's picture

i musta read the british version

Mon, 09/12/2011 - 13:17 | 1660113 tsx500
tsx500's picture

i'll tell u who he is .... he's the man u should vote for if u give a shit about the future of this country , that's who !   every other candidate = game over , R.I.P America !

Mon, 09/12/2011 - 12:55 | 1660031 LongSoupLine
LongSoupLine's picture

Hmmm,  Has anyone dusted off the Airline and/or Auto industry bailout countdown clocks lately?

Mon, 09/12/2011 - 13:32 | 1660161 Reform1776
Reform1776's picture

Has anyone dusted off the Sherman Antitrust Act lately?

Mon, 09/12/2011 - 12:55 | 1660033 quasimodo
quasimodo's picture

Faux actually had some guy on this a.m. and had RP a close third behind Romney, and mentioned something about "the media can't ignore this guy forever"

Then that fuckwad Brian Kilmeade pipes up about "yeah, but he said something about the border fence keeping us in--that was a deal breaker"

Typical fucking shill that he is, had to spit out some drivel to discredit RP.

Mon, 09/12/2011 - 12:58 | 1660044 koaj
koaj's picture

pay no attention to those nitwits. RP is the front runner. Turn off your television

Mon, 09/12/2011 - 13:05 | 1660067 wisefool
wisefool's picture

Right. Killmeade will go on hannity, and throw the football around, talk about sports player de jours' 45 million a year contract as a "good deal for sports team de jour" and then get back to espousing true conservative values. sarc: not the wacky crap Ron Paul talks about.

Circuses indeed.

Mon, 09/12/2011 - 13:04 | 1660063 dwdollar
dwdollar's picture

LOL...  but Perry being Gore's ex-campaign manager isn't a deal breaker???  LOL...  Way to go Faux News.

Mon, 09/12/2011 - 13:30 | 1660137 Rodent Freikorps
Rodent Freikorps's picture

According to Perry, that experience is what led him to make the change to R.

Mon, 09/12/2011 - 13:55 | 1660222 Reform1776
Reform1776's picture

Cheney - Ethics + George Bush - Intelligence + Yosemite Sam - Red Beard + 70's pornostar haircut = Rick Perry

Mon, 09/12/2011 - 14:22 | 1660318 Rodent Freikorps
Rodent Freikorps's picture

Brave enough to admit the Ds are crazy and follow Reagan's example of moving to the light.

Dealing, personally, with the whachjobs, like Gore, and that the Ds promote at the national level will tend to do that to anyone even kinda honest, or sane.

Mon, 09/12/2011 - 12:59 | 1660042 reader2010
reader2010's picture

What is happening behind the scene is that the US military will soon become a private army at your expenses. Welcome back to the USSA.  Mao famously said Political power grows out of the barrel of a gun.

 

Insider Report: Obama Administration Intends to Unionize U.S. Military with Executive Order

 

http://www.shtfplan.com/headline-news/insider-report-obama-administration-intends-to-unionize-u-s-military-with-executive-order_09122011

 

 

Mon, 09/12/2011 - 13:25 | 1660136 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Yes, but the peasants confronting mao were not armed!

Mon, 09/12/2011 - 18:47 | 1661695 reader2010
reader2010's picture

You really think your BB guns can stand a chance facing the strongest military hardware equipment on the face of the earth?

Mon, 09/12/2011 - 20:24 | 1661904 CompassionateFascist
CompassionateFascist's picture

I tire of explaining this to idiots...when entire states secede (begin w Texas) heavily armed National Guard units go with them: AFVs, A-10s, & etc. This is the stuff of which Civil Wars are made. After some initial confusion, I expect Main Force military units to stand aside and NOT support the DC regime.

Mon, 09/12/2011 - 12:58 | 1660045 ThirdCoastSurfer
ThirdCoastSurfer's picture

Jefferson County, Alabama's latest attempt to avoid it's $4+ billion default is due this week as well. 

Mon, 09/12/2011 - 13:01 | 1660048 plocequ1
plocequ1's picture

No bread. Fade to music.  Rock and roll Mcdonalds. Rock and roll Mcdonalds

Mon, 09/12/2011 - 13:02 | 1660060 digalert
digalert's picture

 

 

I'm not really happy about the rep 4 prez choices. However, all the dems n' reps and MSM too are afraid of Ron Paul. So my choice would be... Ron-Paul-2012

Mon, 09/12/2011 - 13:10 | 1660083 SheepDog-One
SheepDog-One's picture

Thats why the US Corporation will select Palin for us. They know whats best for us, really they do....an ass puppet for Israel and the banksters.

Mon, 09/12/2011 - 13:11 | 1660085 Reform1776
Reform1776's picture

Feeling the same, but Buddy Roemer is saying/exposing some pretty strong stuff about the PAC's, corrupt campaign finances, bank bailouts, and congressional shakedowns using regulations to keep the money and system just the way it is...

This is a REAL good read: http://www.bostonreview.net/BR36.4/ndf_buddy_roemer_campaign_finance_ref...

 

 

Mon, 09/12/2011 - 13:18 | 1660116 wisefool
wisefool's picture

Buddy has no chance. He was on squak a couple of months ago. He said he would make crap from china non deductable. Chapter and verse of the 60,000 page document.  When the segment ended the squak time chided him said the dumb cajun was just trying to show he really did get a harvard MBA, but not a real harvard MBA like them.

Mon, 09/12/2011 - 13:28 | 1660146 Reform1776
Reform1776's picture

You may be right, but like Ron Paul, it is refreshing to hear someone talking about the crap that is going on, at least TRYING to wake people up...

Mon, 09/12/2011 - 13:11 | 1660090 tsx500
tsx500's picture

RIGHT ON      RON PAUL 2012 !    everybody else = establishment = status quo = we're fucked  ! = USA R.I.P.          RON PAUL 2012 !

Mon, 09/12/2011 - 13:09 | 1660073 Spaceman Spiff
Spaceman Spiff's picture

Funny that he is coming to NC.   BoA laying off thousands and if/when they go bust it will kill Charlotte (in addition to Wachovia going under.)  The democratic convention is costing that city a bundle for a 1-2 week jobs 'boost.'   

NC government is now buying bonds for make work projects based on future federal funds.  (NC has one of the largest amounts of paveable roads in the country).   

Part of the project is being accelerated by the state after it was decided that the government will use future federal funds as leverage to buy bonds to move some projects forward. DOT Spokeswoman Greer Beaty says the state expects it to cost around $45-(m) million to buy the right of way and widen I-240 between the I-26/I-40 interchange and the Smoky Park Bridge. Construction should start in 2020. Beaty says the state needed to act now while property prices are lower and so are construction costs. She says even though it may seem like a long way off, in highway construction terms nine years is a very short time frame. Beaty says she expects public discussions about the design of the I-26 Connector project to resume in the very near future.

 

http://www.wwnc.com/cc-common/news/sections/newsarticle.html?feed=122546&article=9092734

 

NC is the laboratory for failed hopium.

Mon, 09/12/2011 - 13:07 | 1660074 Charlie Bravo
Charlie Bravo's picture

LOL

I'm waiting for those aliens to show up and "save" our economy.

PS: I'm not holding my breath. And neither should you guys.

Charlie Bravo

Mon, 09/12/2011 - 13:08 | 1660076 Ruffcut
Ruffcut's picture

Nice to see the schedule of boner and o'boner, out speaking to the sheep.

Who said cunts can't talk.

Console the sheep to sleep.

Mon, 09/12/2011 - 13:11 | 1660089 Deadpool
Deadpool's picture

there will be a massive, global attempt to refinance these debts. The offer will
sound good – much like the offer Britain made to its creditors
in 1932. Much will be promised in an attempt to bamboozle
you out of your savings. Interest rates prior to the offer will be
driven lower and lower, forcing you to reach for better yields.
The offer will probably sound enticing to most investors.

But remember this: Anyone who is foolish enough to trust
governments over gold will be wiped out.

Mon, 09/12/2011 - 13:14 | 1660098 JR
JR's picture

Goldman is to American culture what the K.G.B. was to Russian culture. The fight of the century now approaches that will create a correction in America’s culture, economy and government. The 2012 election boils down to Ron Paul versus Ben Bernanke, versus Goldman Sachs.

The underbelly of the attempt at world government can now be identified – we now know who the players are, what they have been planning, the names of the institutions they’ve been using, even the name of the currency they want to use, and the connections to the Congress.  All evidence is now indisputable.  You can’t argue their position or you’d be blown away by the evidence.  We have their words, Trichet’s words, Goldman’s words, Bernanke’s words, Rockefeller’s and Rothschild’s and Warburg’s and Kissinger’s words.

These are the planners and insiders. A few years ago the picture was cloudy and mysterious; It is no longer so mysterious of how these players have corrupted the political systems, the primaries, the pool of political candidates… the Soros and Bernays style manipulations…

We approach a decision between the millions of people of good will and the corrupt international bankers. The battle isn’t going to be easy, but it probably won’t take long.  When an avalanche happens, it happens quickly. 

For one thing, the key players are not a lot of people; they are small in number.  There are many hangers-on benefiting, of course, those who have climbed to major control of the major financial and corporate organizations, but when the ringleaders are overthrown, they aren’t likely to find many friends, including other power centers in the world such as China and Japan; they aren’t going to step in and help the Goldmans.

The coming battle isn’t hope. It’s realism. The political system in use is amateurish - like Robert Owen pretensions that never had a prayer of working. These politics can’t work with man’s character - man is not interested in working in order to help a crook or a man who won’t work; that’s not in man’s nature.

When the self-appointed ruling class kept their operations a secret, by covering over where the money and the power goes and who gets it and how much, they’re able to extend their control, but when those secrets begin to be revealed – who and how many get the massive gifts - the alarm bells ring. 

Obama presented his jobs bill surrounded by teachers, police, firefighters, veterans, construction workers (rebuilding "infrastructure) and politicians (and much evidence of diversity) – the people he wants to give jobs to, i.e. more non-prod jobs paid for by the private sector middle class.

And his analysis of the path that has brought us to the point: “All the actions we have taken have been the right actions.”

That’s what he said to the people knocked down, with no jobs, to the underemployed PhDs who’re underemployed or unemployed after a life time of career building – because companies won’t hire them in the belief they’ll leave if a valid opportunity comes along …

Mon, 09/12/2011 - 15:05 | 1660638 The Heart
The Heart's picture

All due respects to all the great commenteers here. So many unique expressions of minds and hearts. Thank you all for your input both positive and ridiculous. The truth is, most of it may be a waste of precious energy.

The amazing writers here like this bro are starting to come out of the woodwork and use their powerful voices in words well put to show us the picture as it really is. Comprehension! Can we all get on the same page here? What this bro, as well as the one who wrote the following quote below are dead on and sadly too close to exactly right. The good news is yes, EVERYONE knows who the bad and evil energies are that perpetuate the suffering of mankind and the world for the sake of their god money. The bad news is they still have cheney and a stolen nuke to play with, and maybe a sorted list of other potential 9/11 Type False Flag Event causing tools to play. This is well described in this comment below. I hope the bro does not mind it being re-posted and seriously distributed.

Ponder this everyone, if they pull off another pop-goes-the-weasel GOVT SPONSORED FALSE FLAG EVENT(S) like 9/11 was, then all bets are off to put it in monetarial terms for you all to understand. Just as quick and fast as 9/11 the govt sponsored false flag event happened, over night things can CHANGE quickly and all hell and chaos will then ensue to keep the sheep scattered and scared. Are you ready for that? Is your neighborhood?? Time is ticking and it is short in these last days of Pompeii.

 

FROM THIS STORY ON ZEROHEDGE:

September 11: 10 Years Later

 

Sun, 09/11/2011 - 19:42 | kill switch
 

Probability of Large-Scale False Flag Terror Event Increasing As European Banking Panic Looms

WGT Washington DC, Sept. 9, 2011 – Late yesterday, Obama administration officials speaking off the record told reporters that they had a “credible but unconfirmed” threat warning for a terror attack around the time of the 9/11 anniversary is coming Sunday.
This announcement caps a week in which numerous veterans of the original 9/11 false flag terror attack and cover-up have been prodigal with their media warnings that a repetition of the bloody tragedy of 10 years ago is simply a question of time. These figures have included former New York Mayor Giuliani, 9/11 commission chairs Hamilton and Kean, and many others.
Based on the current intelligence constellation, a large-scale false flag terror attack over the coming weeks and months is now increasing in probability. This is because such a terror attack, plus the wars it could unleash and the martial law which it might be used to impose in Europe and North America, would facilitate measures which the ruling finance oligarchs of these nations judge to be essential for their short-term survival. The false flag attack could be blamed on Syria, Iran, Hezbollah, the Palestinians, or a range of others.
Once again, the initiative may be passing into the hands of that rogue network, invisible government, secret government, parallel government, deep state, or special forces underground which exists at the point where Wall Street and City of London financial bosses intersect with the dominant personalities – active-duty and retired – of the Anglo-American secret intelligence establishment.

Imminent Banking Panic Means New and Bigger Bailouts Imposed by Martial Law
 
The leading factor compelling the Anglo-American power elite into a new false flag terror adventure is  the now rapidly worsening breakdown crisis of the European and US banking systems. Almost 2 years of Anglo-American financial warfare against the euro, generally taking the form of credit default swap (CDS) assaults on European government bonds, have now created an extraordinarily serious crisis. There is presently a list of at least one dozen large European banks, each of whom is a candidate to play the role of Lehman Brothers in the blowup which can now be expected for some time over the next two months. This includes the top British banks. This crisis is almost exclusively the handiwork of the City of London and Wall Street, and they have created it in order to relieve pressure on the dollar, and to neutralize the threat to the future role of the dollar as the world reserve currency. Over the past few days, Anglo-American commentators have been chortling as the dollar has picked up a few pennies of value compared to the euro.
The problem for the Anglo-Americans is that panic runs on European banks will quickly be translated into panic runs on US banks, and on the dollar. Institutions like Bank of America, Citibank, Morgan Stanley, and even the vaunted Goldman Sachs, which have existed as zombie banks thanks to government largess since September 2008, are now exhibiting telltale signs of a Lehman-like death spiral. In short, if the European banks blow, the London and New York banks will not be far behind. Maybe the Wall Street geniuses of international financial warfare should have thought of that before they embarked on their current lunatic beggar-my-neighbor campaign against their confreres in continental Europe.
Experience teaches that if the New York money center banks are faced by imminent bankruptcy, their first instinct would be to demand a second bailout of trillions of dollars at US taxpayer expense. The problem for them is that the first bailout has left such a bitter aftertaste that congressional passage of such a monstrous funding bill would be anybody’s guess. From the Wall Street point of view, this makes martial law a much more attractive alternative than in the recent past. Under the impact of a huge false flag event, new bailouts could be railroaded through the Congress or even approved by Wall Street puppet Obama as executive orders and validated later. They could even be approved as a measure necessary for national defense in an emergency. The impact in Europe would be similar.
Martial law declared in response to a terror attack would automatically be used to suppress public protests against the bailouts and austerity cuts decreed by the zombie bankers and hedge fund hyenas. No matter what the ins and outs, a new terror crisis would help Wall Street get its money. And there is nothing like an imminent financial panic to make the Anglo-American ruling elite go collectively bonkers.

The Twelve Tyrants of Austerity Threaten the Pentagon Budget

A second and related problem is represented by the first meeting yesterday of that extralegal pseudo-judicial organism which the American people are increasingly referring to as the Twelve Tyrants. This is the infamous Super Committee or Super Congress, an entity which exists in clear violation of the United States Constitution. If, according to one likely scenario, the Twelve Tyrants, the Congress, and Obama fail to agree on a common program of genocidal austerity against the American people, and automatic budget guillotine will come down around Christmas of this year, and will begin cutting $60 billion per year out of the Pentagon budget. According to a number of observers, this prospect by itself is sufficient to move the intelligence old boys of the rogue network to stage a substantial new terror stunt to protect their current level of funding. If new terror attacks occur, it will be much harder to cut the Pentagon budget. Having been deprived of the Cold War 20 years ago, these bellicose militarists do not intend to be deprived of their ersatz Global War on Terror, and they are prepared to go far off the reservation to assert themselves.
The anxiety in these circles is increased by news reports that the US presence in Iraq is about to be scaled down to about 3,000 troops. At the same time, public pressure for an early exit from Afghanistan is growing, while others are calling for a strategy based on limited special forces and the use of predator drones, but without large numbers of infantry.

Republican Warmongers Pose as Isolationists

The disgust of the US population with the endless wars of the past decade has gradually transformed much of the Republican Party from a self-professed congeries of warmongers into a purported gaggle of isolationists, as seen in the recent debates. Naturally, for most of these figures the dovish transformation is purely demagogic. A robust false flag terror event would go far towards flipping the Republicans back to the warmongers stance they find inherently congenial.

London and Washington Still Want to Attack Pakistan

Another factor which disturbs the Anglo-American imperialist planners is their inability to launch their military incursion against Pakistan. This had been planned for the immediate aftermath of the May 1st “Bin Laden” publicity stunt, and would have included an attempt by US Special Forces to seize or destroy the Pakistani strategic nuclear deterrent, leaving that country defenseless. The Anglo-Americans have been held in this case by a timely ultimatum from China, specifying that Beijing would treat an attack on Pakistan just like an attack on the Chinese homeland. This has largely checkmated China and Washington ever since. However, in the aftermath of a new false flag event blamed on Pakistan, it would be possible for the Anglo-American to revisit this issue with increased blackmail potential against the Chinese.

The US-UK Assault on Syria is Failing

In the Middle East, the Anglo-American power elite has wagered everything on the successful march of color revolutions backed up with NATO military aggression, leading to the overthrow of most of the existing regimes in the Arab world. Syria poses the most serious test so far for this new Anglo-American strategic doctrine. After all, it was relatively easy for the Anglo Americans to destabilize and overthrow the governments of Tunisia and Egypt, given that these states were already located within the Anglo Americans sphere.

NATO’s Urgent Need to Attack Syria

Libya has proven a much tougher nut to crack, and NATO, and despite a brutal application of genocidal force, has not yet cracked it. Because of Qaddafi’s superior fighting qualities, the long war in Libya has tended to shield Syria from the next, planned wave of NATO attack. In the meantime, the Syrian army has made substantial progress in quelling the armed rebellion mounted by death squads and armed gangs loyal to the Moslem Brotherhood, itself the creation of British intelligence. The optimum time for NATO to invade Syria would have been two months ago, but this proved impossible because so many of NATO’s strictly limited military assets were tied down on the Libyan front. Very soon, there will be very little of the Muslim Brotherhood soldatesca left in Syria for NATO to come and rescue.
A false flag terror attack, however, would immediately change this equation by creating political conditions in which Obama could successfully extort increased military assets from Congress and from Europe to carry out a direct attack on Syria. This in turn would likely embroil NATO in all-out war not just with Syria, but with Hezbollah and Iran as well. If one thinks of a world war evolving along the lines of the Thirty Years’ War in Europe (1618-1648), then this would begin to look very much like such a world war.

Isolated Israel Faces the PLO Demand for Statehood and the Hostility of Turkey
 
A further exacerbating factor is represented at the ongoing internal political crisis and increasing international isolation of Israel. Right after the 9/11 anniversary, the United Nations General Assembly will convene in New York City. Here there will be a determined attempt by the Palestinian Authority to exert its existence as a sovereign and independent United Nations member state. This bid will enjoy overwhelming sympathy around the world. It is quite possible that the General Assembly will approve the Palestinian request. The United States faces the humiliating isolation of having to block Palestinian statehood with a solo veto in the Security Council. Saudi Arabia is on record as saying that this outcome will lead to a catastrophe in US-Saudi relations.

Will Turkey Decline Role of US-UK Kamikaze Puppet Against Syria?

A further complication involves Turkey. According to the Anglo-American dream scenario, Turkey should by now have attacked Syria, citing the pretext of wanting to stop the refugee flow across the two countries’ common border. For a time it looked like the Turks would indeed accept the role of kamikaze puppet against Syria in the service of London and New York. But, for the moment, it looks like they may have paused. Instead of invading Syria, Turkey is currently engaged in a high profile diplomatic clash with the Israelis, which makes much more sense from the point of view of Turkish interests and internal politics, and which increases the pressure on the desperadoes of the Netanyahu regime. All this comes at the moment when half a million Israelis have demonstrated in the streets to show their rejection of the militarism and economic austerity measures of Netanyahu.

A Turkish-Egyptian Alliance?
 
There are even reports of a possible alliance between Egypt and Turkey, which would be most unwelcome to the US, British, and Israelis. The Egyptians, for their part, have become somewhat less subservient neighbors for the Israelis in the Sinai, especially after some Egyptian forces were killed by Israeli bombing raids targeting Gaza.

Iran: Bushehr Goes Online
 
In the background, the Iranian nuclear program is quietly proceeding. The Bushehr nuclear power station has come online, producing electricity for Iran’s national grid. The Washington Post, citing a September report from the International Atomic Energy Agency in Vienna, claims that the Iranian nuclear program represents “an undimmed danger.” In a September 6 editorial, the paper claims that Iran has begun to use a new and more advanced centrifuge for the enrichment of uranium, and that rapid progress is being made in transferring existing centrifuges into a large underground facility located in a mountain near Qom, which makes them all but invulnerable to outside military attack. The protracted campaign of assassination against Iranian nuclear scientists, it would appear, has not been effective in stopping this progress. In the fevered imaginations of imperialist military planners, we may therefore be approaching the point of no return for an attack on Iran.

Neocon Bonapartist Petraeus Now Running the CIA
 
As of this past Tuesday, the General David Petraeus has now taken control of the US Central Intelligence Agency. Petraeus has long been noted as the favorite Bonapartist of the neocon faction, and their chosen vehicle for a return to power en masse. Petraeus is carrying out a personal union of the Pentagon and the CIA, the two pillars of his projected future authoritarian presidency. If the US ruling elite should decide to jettison Obama, look for Petraeus’ star to rise at the expense of the “bunch of cranks” populating the current Republican field which is “the weakest since 1940,” in the words of John Weaver of the Huntsman camp.

Mon, 09/12/2011 - 13:16 | 1660110 Ruth
Ruth's picture

Can we please get an update on Boner's golf game, this can't wait...btw, are those golf fees paid by taxpayers? and does he need a caddy?

Mon, 09/12/2011 - 21:24 | 1662111 Hephasteus
Hephasteus's picture

Mainstream media put's a pronouncement thing beside his name all the time so you don't call him boner.

Tue, 09/13/2011 - 03:36 | 1662791 Ruth
Ruth's picture

You're so funny;)

Mon, 09/12/2011 - 13:22 | 1660118 d00daa
d00daa's picture

once again, freakish price action across the board, tptb fuckin with shorts and longs.  looks like op ex to me.

 

long sept 17 iwm 65 puts @ .41

long oct 22 67 puts @ 2.56

Mon, 09/12/2011 - 13:19 | 1660120 Syrin
Syrin's picture

We can only hope those aliens attack because according to Krugman, that will fix our economic ills. (dumb ass)

Mon, 09/12/2011 - 13:25 | 1660139 Martin Silenus
Martin Silenus's picture

William Gibson and other cyberpunk writers like Stephenson and Cadigan may have gotten the whole VR thing wrong, but a lot of the socio-economic stuff was right on the money: globalization, collapse of Western middle class, hacking, terrorism, etc.  Good literature may be one of the last true forms of free speech.

Mon, 09/12/2011 - 13:33 | 1660162 Hugh_Jorgan
Hugh_Jorgan's picture

Ron Paul needs to go to school on Religious fanaticism. He is totally clueless on what drives a zealot like Ahmadinejad or Khamenei. He seems to think that the old Libertarian "live and let live" will work on Iran if we show them that we are serious about leaving the Middle East alone. Nice sentiment, but he is 6th grade naive about radical Islam, especially Shiite "12-er" radical Islam. Evil is serious when it says it wants to destroy you, are we going to listen?

Mon, 09/12/2011 - 13:43 | 1660188 AnAnonymous
AnAnonymous's picture

As usual, US cheap propaganda.

The nothing personal, no hard feelings is classics for US citizens.

Radical Islam is nothing. When you have done what US citizens have done, no matter the religion, no matter the creed, no matter the education, you wont forgive. Hey, even a Jesus like people would not forget and forgive if they had been go through US treatment.

US citizens have this typical bully feature: they aggress, torture, rape, kill, destroy, acculturate, steal, bad mouth but they can not admit they have done it. Them stopping is enough for forgiving, so they think.

Nothing personal, no hard feelings...

It is somehow funny that these self proclaimed human nature experts as US citizens love to depict themselves have not yet realized that human nature includes stuff like being vengeful, spiteful, thirsty for justice.

One track for US citizens... Others have nothing to do with the fact that US citizens can not sway from the path of violence they have chosen for themselves.

Mon, 09/12/2011 - 13:57 | 1660227 Reform1776
Reform1776's picture

All following the teachings of Supply Side Jesus.

Mon, 09/12/2011 - 14:33 | 1660363 JR
JR's picture

Zealots? Have you checked on Hannity, Limbaugh, Levine, Horowitz and the frothing Zionist hate campaign against all Muslims… stretching the war targets from Afghanistan and Iraq to Iran and Syria; and now our neo-con superzealots would have us smash Egypt for its slow action in protecting the Israeli embassy.

No, this country needs an anti-zealot hand on America’s foreign policy like Ron Paul’s.

Meanwhile, on the rush to target Iran, check out this Lew Rockwell piece today:

The Persecution of Shamai Leibowitz
The Israeli-American blogger who told the truth about the American-Israeli scheme to destroy Iran.  Article by Justin Raimondo.
 

What if you had information that foreign government officials, utilizing their resources in the United States, were plotting to drag America into a ruinous war, using their connections with key American lawmakers and the media to get members of Congress and the public on board – what would you do?

Unless you're either a traitor or a coward, you'd expose the scheme to the light of day – and you'd be a hero, at least in my book. From the perspective of the Obama administration, however, you're a criminal – and the sentence could be severe.

In a secret trial in which not even the judge was allowed to look at the evidence, FBI translator and human rights blogger Shamai Leibowitz, an Israeli-American lawyer, was sentenced to 20 months in prison for the “crime” of exposing Israel's extensive efforts to influence American policymakers to support a strike against Iran.

Leibowitz, hired to translate documents for US government agencies monitoring the Israeli embassy in Washington, was shocked by what he read. According to blogger Richard Silverstein, who has seen the transcripts:

“[Israeli diplomats] were talking about things that weren't necessarily illegal, but would be shocking to American people. They target key opinion shapers and key players in society and use long-term plans to sponsor conferences, ghost-author op/ed pieces, and jawbone members of Congress. All together is this image that they really want America to go to war with Iran, or okay Israel going to war with Iran.”

They “target” opinion shapers – with what?

Sponsoring conferences is one thing – but this “targeting” business has more than a few ominous implications. Are the Israelis going after opinion shapers and “key players” who might not favor their war agenda – and, if so, in what way?

Leibowtiz handed the transcripts over to Silverstein, who wrote about them on his blog: that post has since been deleted, and I can't find it utilizing Google cache (although it's go to be there somewhere). Silverstein has since burned the materials given to him by Leibowitz, out of a quite justifiable fear that he'll be prosecuted, too.

However, it isn't hard to imagine what was in them: to call Israel's propaganda campaign in the US aggressive would be an understatement. There are plenty of “American” organizations that act as unregistered agents of the Israeli state, and I'm not just talking about AIPAC. The Israel lobby, as John Mearsheimer and Stephen Walt have shown, is a powerful force in our politics, and this force often crosses the line that separates propaganda from espionage – the case of Steve Rosen, the former AIPAC top honcho busted [.pdf] for pilfering secret information from the Pentagon's chief Iran analyst, Larry Franklin, is just one example. Effective propaganda requires information, preferably inside information – including highly classified secrets – which is what Rosen and his AIPAC cohorts were after.

That Israel and its American amen corner have long been trying to provoke a US attack on Iran is hardly a secret. On the other hand, the lengths to which the Israelis will go in order to accomplish this goal are deemed so sensitive by our government that it will go after anyone who tries to reveal it. That should tell us something

http://lewrockwell.com/raimondo/raimondo134.html

Mon, 09/12/2011 - 13:35 | 1660167 Piranhanoia
Piranhanoia's picture

The dark ages haven't ended. (KV)

Mon, 09/12/2011 - 21:25 | 1662118 Hephasteus
Hephasteus's picture

It was brilliant PR work that made us think it did.

Mon, 09/12/2011 - 13:41 | 1660178 slewie the pi-rat
slewie the pi-rat's picture

greenspam on tax "reform" before senate finComm

L0L!!!

does he get a speaking fee? 

Mon, 09/12/2011 - 14:36 | 1660394 kito
kito's picture

grandpa warren says aliens would find the idea of gold very puzzling. i hope we dont contact those aliens-- we do not not keynesian alien help.

Mon, 09/12/2011 - 14:52 | 1660549 ivars
ivars's picture

This February 6th forecast graph of DJIA was not so bad as well:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=34034#p34034

As was the current gold bubble forecast graph made on May 4th:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

It of course includes all manipulations by central banks , governments, banks, Gadaffi etc etc etc

Mon, 09/12/2011 - 16:50 | 1661295 koaj
koaj's picture

http://www.youtube.com/watch?v=VlYG6vh2T-M&feature=player_embedded

 

ron paul revolution pac new commercial

Mon, 09/12/2011 - 17:06 | 1661352 Cult of Criminality
Cult of Criminality's picture

I predict Tyler is right

Tue, 09/13/2011 - 21:55 | 1665963 moxia19
moxia19's picture

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