daily jackUp ...in politics economy humor and all that jazz
Sunday, November 6, 2011
Wall Street ‘Mob’ Bankrolls Rep. Eric Cantor
House Majority Leader Eric Cantor (R-Va.) captured media attention with his vocal declaration that participants in the Occupy Wall Street movement were nothing more than “mobs.” His word choice was interesting since the public record indicates that Cantor does indeed know much about mobs—the Wall Street mob, in particular. If there’s any one single member of Congress who can be reckoned a voice for Wall Street, it is Cantor.
Even the most cursory review of Cantor’s campaign financing demonstrates that a literal handful of billionaires in the global financial plutocracy—all intimately tied to the London-based Rothschild family—have been key forces underwriting Cantor’s career, a point (especially in light of his immense power) that cannot be taken lightly.
The truth is that Cantor is one of the very few in Congress— 535 members strong—who has some of the richest and most powerful people in the world bankrolling his political endeavors.
It is for good reason that wags say Cantor is now “the cantor of the House”—a play on words. A cantor is the person in a synagogue who leads chants and prayers along with the rabbi, a major religious role.
Michael Collins Piper is a world-renowned author, journalist, lecturer and radio show host. He has spoken in Russia, Malaysia, Iran, Abu Dhabi, Japan, Canada and, of course, the United States. He is the author of Final Judgment, The New Jerusalem, The High Priests of War, Dirty Secrets, My First Days in the White House, The New Babylon, The Judas Goats: The Enemy Within, Target: Traficant, The Golem: Israel’s Nuclear Hell Bomb and The Confessions of an Anti-Semite.
The Collapse of Our Corrupt, Predatory, Pathological Financial System Is Necessary and Positive
by Charles Hugh Smith
We are being throttled by the Big Lie: we're told that if the predatory financial system implodes, we'll all be ruined. The opposite is true: the only way to save our economy is to let the corrupt, pathological and flawed financial system implode.
Our first stop is modern finance itself. Modern financial "products" and "instruments" are often highly complex and abstract, but the entire edifice can be distilled down to this: the system is based on the assumption that all risk can be hedged, and the difference between the initial position's yield/gain (i..e. placement of capital at risk for a gain) and the cost of hedging the risk of the wager to zero can be skimmed from the system risk-free.
That is the entire system in a nutshell, and we can immediately see the advantages of this system over traditional Capitalism, where risk can be hedged but never to zero, and the return is correlated to the risk taken on.
In modern finance, high-risk "investments" (wagers) with high returns can be taken on without worry because any and all risk can be hedged to zero, even in super high-risk wagers.
And since even high-risk positions can be seamlessly hedged to zero, then there is no reason not to borrow money to increase the size of your wagers: since you can't lose, then why not? Wagering in risk-free skimming with borrowed or leveraged money is simply rational.
Put these together and we see how a system based on risk-free skimming eventually leverages itself to the point that the slightest disruption can bring down the entire over-leveraged, over-extended system.
Why is this so? Every hedge has a counterparty who is supposed to pay off if the initial wager blows up. A system based on risk-free hedging is ultimately a self-organizing system which maximizes return by increasing bet sizes, leveraging/borrowing to near infinity and hedging every hedge as well as every wager.
This creates long chains of hedges and counterparties. Here's an example based on an asset we all understand, a house. Let's say someone buys a house for $1,000 down, something that was common in the housing bubble. That $1,000 is leveraged up to buy a $200,000 house via a $200,000 mortgage.
The "owner" of the house then buys a hedge to protect himself from the house losing value, so the risk is reduced to zero: if the value rises, the owner reaps the gain and if it declines, then he collects the payoff of the hedge from the counterparty, for example, a Wall Street investment firm.
The counterparty calculated the risk of real estate declining and then priced the hedge accordingly. There is some small risk that the loss will exceed the cost of the hedge, so the issuer of that hedge bundles similar bets and then buys a hedge or "insurance" from another player, who makes the same calculations of risk and return.
Meanwhile, the mortgage has been tranched (sliced into principal and interest and into various pools of risk) and bundled with other "low-risk" mortgages and sold to investors, who also buy a hedge against any loss in the tranch, for example, a credit default swap (CDS) which pays out if a borrower defaults. Those hedges are sold or "insured" with another hedges.
All of this debt and all of these hedges are based on a mere $1,000 of actual capital. The players who originated each hedge are similarly leveraged, because since risk can be lowered to zero, who needs capital?
So what happens when one counterparty (issuer of a hedge) somewhere in the chain runs into trouble? The entire chain collapses. With razor-thin capital to cover any losses, then each link in the chain dissolves into insolvency if their counterparty fails to pay off.
This is how we get hundreds of trillions of dollars in "notational" derivatives: every hedged is hedged with another "instrument," "products" are bundled and insured, and so on. The system is based on the principle that risk can be reduced to zero, and so there is no need for capital.
Unfortunately, that premise is demonstrably false. Benoit Mandelbrot dismantled the notion that risk can be reduced to zero in his prescient masterpiece, The (Mis)behavior of Markets. The founder of fractal geometry showed that markets are fractal in nature, and are thus intrinsically prone to unpredictable disruptions. Simply put, risk cannot be massaged away.
Thus the fundamental premise of all modern finance is flat-out wrong, and this explains why systemic risk, rather than being eliminated, actually rises with every ratchet up in debt, leverage and counterparty hedging.
The entire global financial system is thus based on the equivalent of a perpetual motion machine: money can be borrowed or leveraged into existence in essentially unlimited quantities, and then deployed in risk-free skimming operations to harvest unlimited wealth.
What does this promise of using leveraged capital to skim risk-free fortunes do to the "real economy" of production and investment in plant and technology? It guts it. The risk of industrial Capitalism is real and cannot be hedged away; high-risk investments may blow up or they may return high yields. It literally makes no sense to risk real capital in productive Capitalism when a zero-risk skimming operation can be developed that essentially needs near-zero capital.
Thus financial capital has come to completely dominate industrial or productive capital. The pernicious consequences of this dominance have poisoned the economy and culture on multiple levels.
In the political sphere, the aggregation of hundreds of billions of dollars in skimmed profits gave Wall Street and the banking sector unlimited budgets to buy political influence. This created a monstrously pathological feedback loop: the more political influence Wall Street bought, the higher their returns on financialization skimming.
Consider housing as an example. Housing was once a simple, barely profitable long-term investment for both the buyer, who had to place substantial capital at risk (20% down payment) and the holders of mortgages, who took a modest yield for 30 years in trade for low risk.
Wall Street and the banks financialized housing via political influence. opening up a vast new territory to be exploited via skimming. Since capital wasn't necessary in no-risk skimming, then down payments were dispensed with to increase the pool of debtors, as they are the foundation of all skimming operations.
the cost of servicing that debt was manipulated via "teaser rates" and "interest only" loans, further leveraging up American home buyers' modest income streams. Mortgages were bundled, tranched and hedged, and the mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) were sold to trusting investors aroudn the world.
It was a bonanza of unprecedented wealth creation from financial skimming. $1,000 down and a few hundred dollars a month for a "teaser rate" interest-only loan was leveraged into a global chain of "products" and counterparties that could be skimmed all along the chain.
That deepened the political corruption that fed the skimming operation, and introduced the "no risk" pathology into Mainstream
But there were two intrinsic flaws in the skimming operation: while the Wall Street players were hedged (or so they reckoned), the average Americans buying homes with near-infinite leverage were not hedged. That meant that when their razor-thin capital went to zero, they were insolvent. Once they defaulted, then the income stream feeding the chain of skimming went away and the chain collapsed.
Once one counterparty failed in the chain, the entire chain collapsed as well. As Mandelbroit explained, such disruptions were an intrinsic feature of the system; though the timing of a systemic disruption could not be predicted, the fact that disruptions would occur on a regular basis could be predicted.
Some players knew this, of course, but that led to another pathology: those investment players who avoided the "no risk" skimming casino could not generate the yields being "earned" by the leveraged skimmers with legitimate investing, and so their investors abandoned them for the fully rational reason that "no risk" yields were higher elsewhere.
This too created a feedback loop, where the capital available to be leveraged grew rapidly, while the pool of capital available for "patient" risky investments in actual productive assets declined. Capital available for productive investment thus became costly and scarce, while capital available for leveraged skimming became cheap and abundant.
The Federal Reserve bankrolled the skimming to the hilt. Indeed, the entire pathology of low-interest, unlimited leverage skimming was based on the Federal Reserve's manipulation and intervention. That remains true today.
What happens when the whole chain blows up and the foundation of debt is impaired? Since the whole system is based on the debt and the income streams devoted to servicing it, the entire edifice collapses when the debt is impaired--debtors default and the system clogs with bad debt, i.e. uncollectable debt.
In a transparent Capitalist system, the debt would be written down and all the insolvent borrowers, lenders and counterparties would be wiped out. But the political corruption that enabled modern finance to poison the American economy and culture has stopped that cleansing from occurring.
Such a systemic writedown of bad debt in a system with only razor-thin capital to support a mighty edifice of leverage and debt would wipe out Wall Street and the banks and reveal the skimming operation of modern finance as an impossible perpetual motion machine rigged to enrich a thin crust of citizenry at the expense of the rest. And since they skim enough money to buy political protection, Capitalism has been strangled and tossed in a shallow grave lest it disupt the skimming and the political corruption that keeps the machine running.
What we end up with is artificial valuations, endless propaganda and a zombie economy. When borrowers are left dangling in default and the assets left on the books at full value, you end up with zombie debtors, zombie lenders, a zombie government that only has one lever to pull to keep the whole corrupt pathology going--borrow and squander more money-- and ultimately a zombie economy, drifting and decaying in a fetid pool of lies, shadow banking, ceaseless official propaganda, jury-rigged "fixes," manipulated statistics, corruption, predation, exploitation and pathology.
That's the
The only way to clear a zombie economy is to write off uncollectable debt and liquidate all the assets, loans and hedges. That would collapse our financial system, but since it is the cause of our political and economic dysfunction, that would be the highest possible good and extremely positive.
There is a great final irony in the scare-mongering threats of the skimmers and their political toadies. If the taxpayers don't bail out the skimmers, then we'll have martial law by the weekend, the smouldering fires of
The irony is the propping up of a deeply, intrinsically pathological and destructive financial system is not saving the economy, it's the reason the economy is imploding. The Big Lie technique of propaganda is to reverse the polarity of reality: we are told up is down until we believe it.
We are told that liquidating the overhang of bad debt, leverage and hedges would "destroy the world as we know it." The truth is that keeping the zombie system from expiring and covering up the corruption with propaganda is what's actually destroying the world as we know it.
Thus the collapse of the current financial system of central banks, pathological Wall Street and insolvent banks would be the greatest possible good and the greatest possible positive for the global economy and its participants.
Withdrawal of US Troops From Iraq Highly Suspect
Think-tank designs for Iran leave only Israeli attack & coaxed provocation for total war on table.
analysis by Tony Cartalucci
October 22, 2011 - For ten months the Obama administration has presided over the "Arab Spring," a geopolitical gambit years in the making, and executed simultaneously in multiple nations throughout the Middle East and North Africa in the beginning of 2011. The regional conflagration was stoked by a steady stream of first, denial, even feigned surprise, with covert support for US-backed opposition groups, then more overt support, and finally NATO airstrikes, weapons, training, and special operations forces lent to the rebellion in Libya and weapons and support sent to Syria's militants. These collective efforts stretching from Tunisia and leading up to Iran's doorstep serve a singular agenda -that is, to contain and ultimately overturn the reemergence of Russia as well as containing the rise of China.
Toppling Iran
Integral to this stated agenda, is the toppling of Iran's government and its integration into the Wall Street-London "international order." Efforts to topple Syria's government by US-backed and now apparently armed opposition groups aim to isolate and even provoke the Islamic Republic into a suitable justification for US or Israeli (or both) retaliation. As reported on extensively, the literal playbook from which these stratagems are drawn is the Fortune 500-funded Brookings Institution's "Which Path to Persia?" report. In it, it specifically states:
"...it would be far more preferable if the United States could cite an Iranian provocation as justification for the airstrikes before launching them. Clearly, the more outrageous, the more deadly, and the more unprovoked the Iranian action, the better off the United States would be. Of course, it would be very difficult for the United States to goad Iran into such a provocation without the rest of the world recognizing this game, which would then undermine it. (One method that would have some possibility of success would be to ratchet up covert regime change efforts in the hope that Tehran would retaliate overtly, or even semi-overtly, which could then be portrayed as an unprovoked act of Iranian aggression.) "
The 2009 "Green Revolution" was just such an attempt at "covert regime change" to "goad Iran into such a provocation" though it ignominiously failed. It appears that in addition to funding, arming, and harboring the terrorist Mujahedin-e Khalq Organization (MEK), the US has also taken to entirely fabricating "such provocations." The recent DEA-Saudi bomb plot announced by Attorney General Eric Holder stands on tenuous grounds, even more so now that Iran has counterclaimed that the supposed Quds Forces member the US implicated may in fact be a member of the above stated US-backed MEK terrorist organization. The US has done all in its power to coax Saudi Arabia into taking a harder line against Tehran. The Brookings report had this to say about that in 2009:
"For instance, Saudi Arabia is positively apoplectic about the Iranians’ nuclear program, as well as about their mischief making in Lebanon, Iraq, and the Palestinian territories. Yet, so far, Riyadh has made clear that it will not support military operations of any kind against Iran. Certainly that could change, but it is hard to imagine what it would take."
"...it is hard to imagine what it would take." Perhaps MEK terrorists posing as Quds Forces, entrapping a drug addicted used-car salesman to arrange a bomb plot against a Saudi ambassador and then blaming it on Iran.
With the fate of Libya hanging in the balance, with US troops still occupying both Iraq and Afghanistan, and with renewed vigor aimed toward Syria after the alleged fall of Libyan leader Muammar Qaddafi, it is incredibly unlikely that the US has abandoned its plans to ultimately topple the Iranian regime as the crescendo to this ongoing regional campaign. In fact, many amongst Obama's own administration have been the most rabid supporters of executing the final leg of this long-term strategy started under the Bush administration. The 2008 presidential runner-up John McCain, and of course the same collection of unelected, corporate-funded policy makers from the halls of Brookings Institution, the Foreign Policy Initiative and the American Enterprise Institute (AEI) have also been more than eager in pushing this agenda along.
That these policy makers, who have helped engineer and support the current course Obama is on, are now sulking over Obama's decision to pull troops out of Iraq when in fact Obama doesn't, never has, and never will make such decisions, is highly suspect. Kenneth Pollack, one of the co-authors of the "Which Path to Persia?" report, recently expressed dismay in his article titled, "With a Whimper, Not a Bang." Frederick Kagan, the corporate-funded AEI architect behind the Iraq "troop surge" also lamented in a piece titled, "Obama abandons Iraq." Kagan explicitly claims that the withdrawal would be "giving Tehran the single most important demand it has pursued for years—the complete withdrawal of U.S. military forces from Iraq."
Possible Scenarios
The US is at least peddling the illusion it is clearing out its holdings in Iraq, leaving a symbolic force for a reason - a reason that has to do with a final gambit to be played against Iran, the last domino to fall in the US-contrived "Arab Spring." These are two possible scenarios:
1. Leave a small symbolic force for the Iranians to attack in Iraq after a "unilateral" Israeli airstrike. Whatever Iran decides to do, it may not be able to do sustainably, but will do viciously in the opening phases. By leaving a symbolic force in Iraq, the US can garner the necessary sympathy and anger politically at home to launch a wider operation against Iran in "retaliation."
2. Feign as if the US is disengaging from the Middle East so when a false flag terror attack or other provocation is perpetrated against the US, it will look like an egregious act of war by Iran. While a shrinking US presence in the Middle East would logically engender even more patience in Tehran, the script writers of the latest DEA-Saudi bomb plot took special care to ensure the "Iran has become bolder" talking-point made it repetitively on air and into the minds of unsuspecting Americans.
This is more than mere idle speculation. In the Brookings Institution report, "Which Path to Persia?" nearly all but the most extreme measures proposed in the report have been executed. The only options left on the table unused include a unilateral Israeli airstrike designed to provoke a significant retaliation thus bringing the US into war with Iran and a variety of options to provoke a full-scale invasion.
In a section of the report titled, "Leave it to Bibi: Allowing or Encouraging an Israeli Military Strike," (page 89, page 102 of the .pdf) it appears that Israeli intelligence is also working with the terrorist organization MEK:
"Israeli intelligence operations against Iran were stepped up even earlier and have included use of third parties to publicize the Iranian threat without revealing the Israeli hand. Iran's secret enrichment and heavy-water reactor programs were publicly exposed in August 2002 by an Iranian dissident group (the Mujahedin-e Khalq), which reportedly was unwittingly fed the information by Israeli intelligence."
The report goes on to say of an American approved Israeli airstrike:
"However, as noted in the previous chapter, the airstrikes themselves are really just the start of this policy. Again, the Iranians would doubtless rebuild their nuclear sites. They would probably retaliate against Israel, and they might retaliate against the United States, too (which might create a pretext for American airstrikes or even an invasion.)"
Allowing the Israelis to attack by air, and sacrificing US troops on the ground in Iraq as a pretext for greater war is most certainly a possibility. The report continues on by stating the necessity of maintaining a certain level of plausible deniablity regarding the Israeli airstrikes. US troops in Iraq would by default implicate America in any Israeli airstrike that would need to pass over Iraqi airspace. US troops "in retreat" in Iraq could possibly mitigate such implications as well as make an Iranian retaliation seem all the more "outrageous, deadly, and unprovoked."
We can be sure that after years of carrying forth an agenda that proceeded his presidency, Obama has not all the sudden decided to unilaterally pull troops from Iraq. His administration's duplicity and eagerness throughout the US-contrived "Arab Spring" all but assure us that the overarching agenda still includes encircling and toppling the government in Iran. It has not escaped the attention of the White House that a withdrawal from Iraq would give Iran its greatly desired breathing room and would greatly diminish America's influence throughout the Middle East.
Just like the false rapprochement of the West with Libya's Qaddafi before the US rearmed, reorganized, and let loose the Libyan Islamic Fighting Group (LIFG), when the West returns to torment Tehran, it will come back with a vengeance. Keep an eye on Israel for their attack and the complicit United States waiting to once again "lead from behind." And if you have someone you know in the US military stationed in Iraq staying behind, prepare for the absolute worse. As Henry Kissinger once so bluntly stated, "military men are dumb, stupid animals to be used as pawns for foreign policy." (Woodward and Bernstein The Final Days in chapter 14). Certainly, a few dead G.I.s in Iraq after an Iranian retaliation for an Israeli airstrike would be just the pawns needed for "foreign policy" to move forward.
One can only hope this pessimistic analysis is entirely wrong, and that the US has overreached and has simply decided to withdraw from the battlefield and ultimately from empire. However, if unrest continues to unfold in Syria, which is essentially a low-intensity US proxy war against Damascus, and in turn against Tehran, we can be sure any optimism will be quickly dashed against the rocks by the Wall Street-London corporate-financier oligarchs.
courtesy LAND DESTROYER
analysis by Tony Cartalucci
October 22, 2011 - For ten months the Obama administration has presided over the "Arab Spring," a geopolitical gambit years in the making, and executed simultaneously in multiple nations throughout the Middle East and North Africa in the beginning of 2011. The regional conflagration was stoked by a steady stream of first, denial, even feigned surprise, with covert support for US-backed opposition groups, then more overt support, and finally NATO airstrikes, weapons, training, and special operations forces lent to the rebellion in Libya and weapons and support sent to Syria's militants. These collective efforts stretching from Tunisia and leading up to Iran's doorstep serve a singular agenda -that is, to contain and ultimately overturn the reemergence of Russia as well as containing the rise of China.
Toppling Iran
Integral to this stated agenda, is the toppling of Iran's government and its integration into the Wall Street-London "international order." Efforts to topple Syria's government by US-backed and now apparently armed opposition groups aim to isolate and even provoke the Islamic Republic into a suitable justification for US or Israeli (or both) retaliation. As reported on extensively, the literal playbook from which these stratagems are drawn is the Fortune 500-funded Brookings Institution's "Which Path to Persia?" report. In it, it specifically states:
"...it would be far more preferable if the United States could cite an Iranian provocation as justification for the airstrikes before launching them. Clearly, the more outrageous, the more deadly, and the more unprovoked the Iranian action, the better off the United States would be. Of course, it would be very difficult for the United States to goad Iran into such a provocation without the rest of the world recognizing this game, which would then undermine it. (One method that would have some possibility of success would be to ratchet up covert regime change efforts in the hope that Tehran would retaliate overtly, or even semi-overtly, which could then be portrayed as an unprovoked act of Iranian aggression.) "
The 2009 "Green Revolution" was just such an attempt at "covert regime change" to "goad Iran into such a provocation" though it ignominiously failed. It appears that in addition to funding, arming, and harboring the terrorist Mujahedin-e Khalq Organization (MEK), the US has also taken to entirely fabricating "such provocations." The recent DEA-Saudi bomb plot announced by Attorney General Eric Holder stands on tenuous grounds, even more so now that Iran has counterclaimed that the supposed Quds Forces member the US implicated may in fact be a member of the above stated US-backed MEK terrorist organization. The US has done all in its power to coax Saudi Arabia into taking a harder line against Tehran. The Brookings report had this to say about that in 2009:
"For instance, Saudi Arabia is positively apoplectic about the Iranians’ nuclear program, as well as about their mischief making in Lebanon, Iraq, and the Palestinian territories. Yet, so far, Riyadh has made clear that it will not support military operations of any kind against Iran. Certainly that could change, but it is hard to imagine what it would take."
"...it is hard to imagine what it would take." Perhaps MEK terrorists posing as Quds Forces, entrapping a drug addicted used-car salesman to arrange a bomb plot against a Saudi ambassador and then blaming it on Iran.
With the fate of Libya hanging in the balance, with US troops still occupying both Iraq and Afghanistan, and with renewed vigor aimed toward Syria after the alleged fall of Libyan leader Muammar Qaddafi, it is incredibly unlikely that the US has abandoned its plans to ultimately topple the Iranian regime as the crescendo to this ongoing regional campaign. In fact, many amongst Obama's own administration have been the most rabid supporters of executing the final leg of this long-term strategy started under the Bush administration. The 2008 presidential runner-up John McCain, and of course the same collection of unelected, corporate-funded policy makers from the halls of Brookings Institution, the Foreign Policy Initiative and the American Enterprise Institute (AEI) have also been more than eager in pushing this agenda along.
That these policy makers, who have helped engineer and support the current course Obama is on, are now sulking over Obama's decision to pull troops out of Iraq when in fact Obama doesn't, never has, and never will make such decisions, is highly suspect. Kenneth Pollack, one of the co-authors of the "Which Path to Persia?" report, recently expressed dismay in his article titled, "With a Whimper, Not a Bang." Frederick Kagan, the corporate-funded AEI architect behind the Iraq "troop surge" also lamented in a piece titled, "Obama abandons Iraq." Kagan explicitly claims that the withdrawal would be "giving Tehran the single most important demand it has pursued for years—the complete withdrawal of U.S. military forces from Iraq."
The US is at least peddling the illusion it is clearing out its holdings in Iraq, leaving a symbolic force for a reason - a reason that has to do with a final gambit to be played against Iran, the last domino to fall in the US-contrived "Arab Spring." These are two possible scenarios:
1. Leave a small symbolic force for the Iranians to attack in Iraq after a "unilateral" Israeli airstrike. Whatever Iran decides to do, it may not be able to do sustainably, but will do viciously in the opening phases. By leaving a symbolic force in Iraq, the US can garner the necessary sympathy and anger politically at home to launch a wider operation against Iran in "retaliation."
2. Feign as if the US is disengaging from the Middle East so when a false flag terror attack or other provocation is perpetrated against the US, it will look like an egregious act of war by Iran. While a shrinking US presence in the Middle East would logically engender even more patience in Tehran, the script writers of the latest DEA-Saudi bomb plot took special care to ensure the "Iran has become bolder" talking-point made it repetitively on air and into the minds of unsuspecting Americans.
This is more than mere idle speculation. In the Brookings Institution report, "Which Path to Persia?" nearly all but the most extreme measures proposed in the report have been executed. The only options left on the table unused include a unilateral Israeli airstrike designed to provoke a significant retaliation thus bringing the US into war with Iran and a variety of options to provoke a full-scale invasion.
In a section of the report titled, "Leave it to Bibi: Allowing or Encouraging an Israeli Military Strike," (page 89, page 102 of the .pdf) it appears that Israeli intelligence is also working with the terrorist organization MEK:
"Israeli intelligence operations against Iran were stepped up even earlier and have included use of third parties to publicize the Iranian threat without revealing the Israeli hand. Iran's secret enrichment and heavy-water reactor programs were publicly exposed in August 2002 by an Iranian dissident group (the Mujahedin-e Khalq), which reportedly was unwittingly fed the information by Israeli intelligence."
The report goes on to say of an American approved Israeli airstrike:
"However, as noted in the previous chapter, the airstrikes themselves are really just the start of this policy. Again, the Iranians would doubtless rebuild their nuclear sites. They would probably retaliate against Israel, and they might retaliate against the United States, too (which might create a pretext for American airstrikes or even an invasion.)"
Allowing the Israelis to attack by air, and sacrificing US troops on the ground in Iraq as a pretext for greater war is most certainly a possibility. The report continues on by stating the necessity of maintaining a certain level of plausible deniablity regarding the Israeli airstrikes. US troops in Iraq would by default implicate America in any Israeli airstrike that would need to pass over Iraqi airspace. US troops "in retreat" in Iraq could possibly mitigate such implications as well as make an Iranian retaliation seem all the more "outrageous, deadly, and unprovoked."
We can be sure that after years of carrying forth an agenda that proceeded his presidency, Obama has not all the sudden decided to unilaterally pull troops from Iraq. His administration's duplicity and eagerness throughout the US-contrived "Arab Spring" all but assure us that the overarching agenda still includes encircling and toppling the government in Iran. It has not escaped the attention of the White House that a withdrawal from Iraq would give Iran its greatly desired breathing room and would greatly diminish America's influence throughout the Middle East.
Just like the false rapprochement of the West with Libya's Qaddafi before the US rearmed, reorganized, and let loose the Libyan Islamic Fighting Group (LIFG), when the West returns to torment Tehran, it will come back with a vengeance. Keep an eye on Israel for their attack and the complicit United States waiting to once again "lead from behind." And if you have someone you know in the US military stationed in Iraq staying behind, prepare for the absolute worse. As Henry Kissinger once so bluntly stated, "military men are dumb, stupid animals to be used as pawns for foreign policy." (Woodward and Bernstein The Final Days in chapter 14). Certainly, a few dead G.I.s in Iraq after an Iranian retaliation for an Israeli airstrike would be just the pawns needed for "foreign policy" to move forward.
One can only hope this pessimistic analysis is entirely wrong, and that the US has overreached and has simply decided to withdraw from the battlefield and ultimately from empire. However, if unrest continues to unfold in Syria, which is essentially a low-intensity US proxy war against Damascus, and in turn against Tehran, we can be sure any optimism will be quickly dashed against the rocks by the Wall Street-London corporate-financier oligarchs.
courtesy LAND DESTROYER
Book recommendation: "The Wandering Who" by Gilad Atzmon
"This book frightens me. It frightens me that such radical views on the Jewish people and nation are spoken of in polite company in 2011.
Atzmon has written that Jews are evil and a menace to humanity:
· "With Fagin and Shylock in mind Israeli barbarism and organ trafficking seem to be just other events in an endless hellish continuum."
· "The Homo Zionicus quickly became a mass murderer, detached from any recognised form of ethical thinking and engaged in a colossal crime against humanity."
· If Iran and Israel fight a nuclear war that kills tens of millions of people, "some may be bold enough to argue that `Hitler might have been right after all'" (179).
Atzmon regularly urges his readers to doubt the Holocaust and to reject Jewish history:
· "It took me years to accept that the Holocaust narrative, in its current form, doesn't make any historical sense. ... If, for instance, the Nazis wanted the Jews out of their Reich (Judenrein--free of Jews), or even dead, as the Zionist narrative insists, how come they marched hundreds of thousands of them back into the Reich at the end of the war?"
Finally, Atzmon repeatedly declares that Israel is worse than the Nazis and has actually "apologized" to the Nazis for having earlier compared them to Israel:
· "Many of us including me tend to equate Israel to Nazi Germany. Rather often I myself join others and argue that Israelis are the Nazis of our time. I want to take this opportunity to amend my statement. Israelis are not the Nazis of our time and the Nazis were not the Israelis of their time. Israel, is in fact far worse than Nazi Germany and the above equation is simply meaningless and misleading." (...)
By
Gilad Atzmon is a former Israeli citizen, born of Jewish parents who rejected both the citizenship and the nationality.
Jesse Ventura's suit over airport search tossed
In her dismissal, U.S. District Judge Susan Richard Nelson didn’t address the merits of Ventura’s suit, but rather said she lacked jurisdiction to hear the case.
She wrote that Ventura was challenging a Transportation Security Administration order and that the law says such directives can be challenged only in a federal court of appeals.
Ventura’s attorney, David Olsen, said he hadn’t had a chance to advise the former governor on his options.
the whole piece at SCTIMES
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