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Gary Edwards

BENGHAZI - THE BIGGEST COVER-UP SCANDAL IN U.S. HISTORY? - WAS BENGHAZI A CIA GUN-RUNNI... - 0 views

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    "LibertyNEWS.com - Editorial Team Special Report It's never fun to admit you've been lied to and duped. There is no comfort in realizing a high-level group in government has conned you. The wound created from such a realization would be deep and painful when paired with extraordinary insult when you realize the cons are people you not only trusted, but people who are tasked with protecting your rights, your liberty, your life. When these people betray you, you're in trouble - big trouble. Unfortunately, we believe America is being betrayed by powerful individuals tasked with our protection. These people are found in the White House, the Congress, the CIA and other government entities - and they're lying to you. Then they're covering it up on an epic scale, in a never-before-seen manner. Here are the basics of what the schemers in government and the complicit media would like for us all to focus on and buy into: Why wasn't there better security at the consulate (keep this misleading word in mind) in Benghazi? Why didn't authorization come to move special forces in for protection and rescue? Why was an obscure video blamed when everyone knew the video had nothing to do with it? Did Obama's administration cover-up the true nature of the attacks to win an election? Truth is, as we're starting to believe, the above questions are convenient, tactical distractions. And truth is, answers to these questions, if they ever come, will never lead to revelations of the REAL TRUTH and meaningful punishment of anyone found responsible. Rep. Darrell Issa knows this, members of the House Committee investigating the Benghazi attacks know this, the White House knows this, and much of the big corporate media infrastructure knows it, too. How do they know it? Because they know the truth. They know the truth, but cannot and/or will not discuss it in public. Here are the basics that we (America, in general) should be focusing on, but aren't: Why do media
Paul Merrell

The Untouchables: How the Obama administration protected Wall Street from prosecutions ... - 0 views

  • PBS' Frontline program on Tuesday night broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering. What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable. What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Indeed, financial elites were not only vested with immunity for their fraud, but thrived as a result of it, even as ordinary Americans continue to suffer the effects of that crisis.
  • Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs (who, just by the way, overwhelmingly supported Obama's 2008 presidential campaign) as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions. As Harvard law professor Larry Lessig put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House." (Indeed, as "The Untouchables" put it: while no senior Wall Street executives have been prosecuted, "many small mortgage brokers, loan appraisers and even home buyers" have been).
Gary Edwards

'Clinton death list': 33 spine-tingling cases - 0 views

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    "(Editor's note: This list was originally published in August 2016 and has gone viral on the web. WND is running it again as American voters cast their ballots for the nation's next president on Election Day.) How many people do you personally know who have died mysteriously? How about in plane crashes or car wrecks? Bizarre suicides? People beaten to death or murdered in a hail of bullets? And what about violent freak accidents - like separate mountain biking and skiing collisions in Aspen, Colorado? Or barbells crushing a person's throat? Bill and Hillary Clinton attend a funeral Apparently, if you're Bill or Hillary Clinton, the answer to that question is at least 33 - and possibly many more. Talk-radio star Rush Limbaugh addressed the issue of the "Clinton body count" during an August show. "I swear, I could swear I saw these stories back in 1992, back in 1993, 1994," Limbaugh said. He cited a report from Rachel Alexander at Townhall.com titled, "Clinton body count or left-wing conspiracy? Three with ties to DNC mysteriously die." Limbaugh said he recalled Ted Koppel, then-anchor of ABC News' "Nightline," routinely having discussions on the issue following the July 20, 1993, death of White House Deputy Counsel Vince Foster. In fact, Limbaugh said, he appeared on Koppel's show. "One of the things I said was, 'Who knows what happened here? But let me ask you a question.' I said, 'Ted, how many people do you know in your life who've been murdered? Ted, how many people do you know in your life that have died under suspicious circumstances?' "Of course, the answer is zilch, zero, nada, none, very few," Limbaugh chuckled. "Ask the Clintons that question. And it's a significant number. It's a lot of people that they know who have died, who've been murdered. "And the same question here from Rachel Alexander. It's amazing the cycle that exists with the Clintons. [Citing Townhall]: 'What it
Gary Edwards

Thoughts from the Frontline: The Center Cannot Hold by John Mauldin - 0 views

  • The Minsky Journey is where investment goes from what Minsky called a hedge unit, where the investment is its own source of repayment; to a speculative unit, where the investment only pays the interest; to a Ponzi unit, where the only way to repay the debt is for the value of the investment to rise.
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    "Our examination of the future of public debt leads us to several important conclusions. First, fiscal problems confronting industrial economies are bigger than suggested by official debt figures that show the implications of the financial crisis and recession for fiscal balances. As frightening as it is to consider public debt increasing to more than 100% of GDP, an even greater danger arises from a rapidly ageing population. The related unfunded liabilities are large and growing, and should be a central part of today's long-term fiscal planning. "It is essential that governments not be lulled into complacency by the ease with which they have financed their deficits thus far. In the aftermath of the financial crisis, the path of future output is likely to be permanently below where we thought it would be just several years ago. As a result, government revenues will be lower and expenditures higher, making consolidation even more difficult. But, unless action is taken to place fiscal policy on a sustainable footing, these costs could easily rise sharply and suddenly. "Second, large public debts have significant financial and real consequences. The recent sharp rise in risk premia on long-term bonds issued by several industrial countries suggests that markets no longer consider sovereign debt low-risk. The limited evidence we have suggests default risk premia move up with debt levels and down with the revenue share of GDP as well as the availability of private saving. Countries with a relatively weak fiscal system and a high degree of dependence on foreign investors to finance their deficits generally face larger spreads on their debts. This market differentiation is a positive feature of the financial system, but it could force governments with weak fiscal systems to return to fiscal rectitude sooner than they might like or hope. "Third, we note the risk that persistently high levels of public debt will drive down capital accumulation, productivity growth and lon
Paul Merrell

CDC Finally Admits that Ebola Can Float through the Air ... 3 Feet Washington's Blog - 0 views

  • We’ve noted for some time that Ebola can be spread by aerosols to frontline healthcare workers. The CDC is finally admitting this fact. The CDC put out a new poster stating: Droplet spread happens when germs traveling inside droplets that are coughed or sneezed from a sick person enter the eyes, nose, or mouth of another person. Droplets travel short distances, less than 3 feet (1 meter) from one person to another. A person might also get infected by touching a surface or object that has germs on it and then touching their mouth or nose. *** Clean and disinfect commonly touched surfaces like doorknobs, faucet handles, and toys, since the Ebola virus may live on surfaces for up to several hours.
  • Meryl Nass, M.D. – a board-certified internist and a biological warfare epidemiologist and expert in anthrax - comments: CDC says it doesn’t travel farther than 3 feet.  Well, at least CDC is starting to move the narrative.  Maybe tomorrow it will be 5 feet.  Then 10.  Maybe next month they will tell us why all the victims’ possessions are being incinerated and apartments fumigated. Just remember: historically, Ebola spread fast in healthcare facilities. And see this. Dr. Nass previously argued that the CDC has been lying about aerosol transmission of Ebola, as its own 2009 publication admitted that Ebola: pose[s] a high individual risk of aerosol-transmitted laboratory infections and life-threatening disease that is frequently fatal, for which there are no vaccines or treatments…
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    Seems ebola is a bit more portable than CDC claimed at first. 
Paul Merrell

Mosul Offensive 'Risks Becoming Even More Bloody Than the Battle for Aleppo' - 0 views

  • s the Kurdish Peshmerga forces and the Iraqi army launch an offensive on the northern Iraqi city of Mosul, currently occupied by Daesh terrorists, experts predict that it might be even more of a blood bath than the fight for Aleppo and explain what consequences it might have for Syria.
  • Said Mamuzini, a representative of the Kurdistan Democratic Party (KDP), one of the main Kurdish parties in Iraqi Kurdistan, told Sputnik earlier that a corridor will be left for terrorists to escape to Syria. Those retreating this way will not be captured. Currently, there are some 7,000 Daesh militants. A similar view was echoed by the news website EurAsia Daily, which also says that the US and Saudi Arabia are planning for the "transfer" of Daesh militants from Iraq to Syria. Citing military-diplomatic sources in Moscow, the website says that the Iraqi government forces will provide for the secure transfer of jihadists to the Syrian city of Deir ez-Zor.
  • "The key players in the large-scale operation are the US military command in the Middle East and the Saudi General Intelligence Department. The latter plays a special role, given the high number of nationals of the largest Arab monarchy fighting under the black flag of the self-proclaimed Caliphate on the Iraqi frontlines," it says.
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  • The outlet notes that the head of the US Central Command (CENTCOM), General Joseph Votel, already indirectly confirmed the above plans when he said that there is "the need to avoid the rush and to combine military and political plans for the liberation of Mosul."
  • "It is easy to guess what is meant by this 'military-political combination'," the website says.
  • It further explains that the arrival of fresh Daesh forces into Deir ez-Zor will create more problems for the Syrian government, Russia and Iran in this area of the front line. It also suggests that in order to avoid being targeted by Russian airstrikes, the Daesh militants might use their family members as a human shield and will later accuse Russia of "humanitarian barbarism." Under such a scenario, this operation might even be more of a blood bath than the fight for Aleppo.
  • "In fact, the US started preparing a new breeding ground for the Mosul branch of Daesh in Deir ez-Zor in the middle of September. The US airstrike on Syrian army positions, which has been presented as a 'mistake', perfectly fits into the 'combinatory' logic of Pentagon," the website says. One of the far-reaching aims of the Mosul operation, it suggests, is to drive the Syrian government forces from the east of Syria and to break into the province of Homs. The terrorists might also attempt to recapture Palmyra.
  • "The 'jihadist transfer' from the Iraqi metropolis into Syrian Deir ez-Zor might become a key point of the 'reply' to the Russians from the outgoing US administration," the website finally says.
Paul Merrell

Marine killed in Isis attack died at unpublicised US-only base in Iraq | US news | The ... - 0 views

  • The US marine who was killed in a rocket attack on Saturday died at the first exclusively American base established in Iraq since the Pentagon returned forces to the country in 2014, a spokesman said on Monday. The base, whose existence had not previously been public, has come under fire from ever closer range over recent days, an indication that Isis knew about the outpost before the Pentagon announced its creation.
  • While the US military described the base as at least 15 kilometers away from the frontline, Fire Base Bell came under small-arms fire again on Monday morning, indicating an advancing enemy which was targeting the newest symbol of the US military’s return to Iraq. The creation of the outpost is the latest incremental escalation of a war whose developments do not always correspond to the White House’s depiction of a conflict in which the US is in a merely advisory capacity on the ground.
Paul Merrell

How The US Is Arming Both Sides Of The Iraqi Conflict - 0 views

  • Recall a week ago we wrote "US Begins Delivering F-16s To Iraq This Week, A Decade After It Wiped Out Iraq's Air Force" in which we said: ... the US will deliver the first of 36 F-16 fighter jets to Iraq in what Baghdad's envoy to the United States called a "new chapter" in his country's ability to defend its vast borders with Iran and other neighbors.   ....the US earlier in March provided Iraq with some 100 Hellfire missiles as well as assault rifles and other ammunition. Then in April the US sent more arms, providing Iraq with 11 million rounds of ammunition and other supplies. It is unknown how many of these have fallen into Al Qaeda/ISIS hands (we do know that at least one Iraqi Black Hawk chopper was captured during the rush for Mosul). What is known is that as PBS Frontline reported two weeks ago, while the administration has denied arming Syrian "rebels", i.e. the same ISIS militants that have crossed the border and are now fighting in Iraq... 
  • ... the reality is that it has. From: "Obama Says Not Arming Syrian Rebels, Syrian Rebels Say He Is" ... the Syrian rebels themselves say they are already armed and trained by US in the use of sophisticated weapons and fighting techniques, including, one rebel said, "how to finish off soldiers still alive after an ambush." The interviews are the latest evidence that after more than three years of warfare, the United States has stepped up the provision of lethal aid to the rebels, as PBS notes "it appears the Obama administration is allowing select groups of rebels to receive US-made anti-tank missiles."   The commander of the unit also told Ali that their American contacts had asked him to bring 80 to 90 members of his unit to Ankara for training.  One of the fighters said they received three weeks of training in how to conduct ambushes, conduct raids and use their weapons. They also said they received new uniforms and boots.  “They trained us to ambush regime or enemy vehicles and cut off the road,” said the fighter, who is identified only as “Hussein.” “They also trained us on how to attack a vehicle, raid it, retrieve information or weapons and munitions, and how to finish off soldiers still alive after an ambush.”
  • To summarize: the US was arming and training the same Al Qaeda/ISIS groups of Jihadists, that it concurrently gave Iraq weapons to fight. And since the Iraq army has so far proven utterly incapable of any resistance, it is now up to US drones to "fight" the same "rebels" that the US itself was collaborating with until a month or so ago. The clear winner here? The US military-industrial complex, of course, as well as the banks who lend money to the governments to fight wars provoked by various "developed nation" spy agencies. Collateral damage? Millions of innocent people on the ground in Syria and Iraq, and everywhere else too.
Paul Merrell

The Blotch on Eric Holder's Record: Wall Street Accountability | The Nation - 0 views

  • Attorney General Eric Holder will announce Thursday he is stepping down from the post he has held for nearly six years—making him one of the longest-serving attorneys general in American history. Holder was the first African-American to hold the position and will surely be remembered as a trailblazer for civil rights.
  • But there is one area where Holder falls woefully short: prosecution of Wall Street firms and executives. He came into office just months after widespread fraud and malfeasance in the financial sector brought the American economy to its knees, and yet no executive has faced criminal prosecution. Beyond the crash, Holder established a disturbing pattern of allowing large financial institutions escape culpability. “His record is really badly blemished by his nearly overwhelming failure to hold corporate criminals accountable,” said Robert Weissman, president of Public Citizen. “Five years later, we can say he did almost nothing to hold the perpetrators of the crisis accountable.”
  • Advocates for financial accountability often point to the Savings and Loan crisis as a counter-example: despite much smaller-scale fraud, 1,000 bankers were convicted in federal prosecutions and many went to prison. Holder has tried to explain his lack of prosecutions relating to the 2008 collapse by claiming the cases were too hard to prove—but many experts disagree. The Sarbanes Oxley Act, for example, would provide a straightforward template: it makes it a crime for executives to sign inaccurate financial statements, and there is ample evidence that Wall Street CEOs were aware of the toxicity of the sub-prime mortgages sold by their firms.
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  • Late last year, Judge Jed Rakoff of the Federal District Court of Manhattan wrote an essay in The New York Review of Books bluntly titled, “The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?” He suggested a doctrine of “willful blindness” at Holder’s Justice Department and said “the department’s claim that proving intent in the financial crisis is particularly difficult may strike some as doubtful.” A federal judge will generally not proclaim people guilty outside the courtroom, but Rakoff came close with that statement. The fact he wrote the essay at all stunned many observers. In recent years, the Justice Department has obtained some large-dollar settlements with Wall Street firms like JPMorgan Chase and Bank of America. But the headline-grabbing amounts end up being significantly less after factoring in tax accounting and credits for actions already being undertaken by the bank. There is also a lack of transparency around how these penalties are being paid to aggrieved consumers. Holder himself suggested in Senate testimony last year that some firms really are too big to jail:
  • “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said. He later walked that back in subsequent testimony, saying “Let me be very, very, very clear. Banks are not too big to jail.” But the data suggest otherwise.
  • Public Citizen did an analysis of these agreements at the Department of Justice and found that Holder made them a routine affair:
  • There isn’t much transparency over which bad actors are awarded deferred prosecution, and which are not, and advocates are alarmed by the precedent. “[Holder] ensconced the de facto ‘too-big-to-fail’ doctrine by which large financial institutions were effectively immunized form criminal prosecution simply by virtue of being so big,” said Weissman.
Paul Merrell

Bernie Sanders Introduces a Bill to Break Up the Big Banks | The Nation - 0 views

  • Senator Bernie Sanders announced legislation Wednesday that would break up the country’s largest financial institutions. It’s the third time he’s introduced such a measure, but this time around he wields the large microphone of a presidential candidate. The bill, titled the “Too Big to Fail, Too Big to Exist Act,” will also be introduced in the House by Representatives Brad Sherman and Alan Grayson. If passed, it would require regulators at the Financial Stability Oversight Council to come up with a list of too-big-to-fail institutions whose failure would threaten the economy. One year later, those banks would be broken up by the secretary of the Treasury. Sure to be included on that list, based on the standards outlined in the legislation, would be JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley.
  • It also unavoidably poses a test for Hillary Clinton, the other declared Democratic candidate. Much of the Draft Warren movement launched by progressive activists focused on the Massachusetts senator’s advocacy for combating the financial sector’s power generally, and breaking up the big banks in particular—and Clinton’s perceived weakness on that front.
  • Another likely Democratic candidate, former Maryland governor Martin O’Malley, wrote an op-ed in The Des Moines Register in March that also called for the biggest financial institutions to be broken up. Elsewhere, Senators Sherrod Brown and David Vitter have introduced similar legislation in the past, and the Federal Deposit Insurance Corporation’s Tom Hoenig also favors break-ups. Sanders and Sherman cited the danger posed to the economy by big banks, many of which are dramatically larger than they were before the 2008 financial crisis. JPMorgan Chase, for example, has increased its assets by $1.1 trillion since 2007. “In 2008 we learned that if Wall Street calls and says ‘bail us out or we’re going to take the economy down with us,’ that even if there is no statutory provision for bailouts, which there really isn’t today, Congress will pass as we did in 2008 a bill mandating the bailout,” said Sherman. “So ‘too big to fail’ means you will be bailed. That isn’t capitalism. That is socialism for the wealthy.”
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  • Sanders noted the large fines and settlement paid by big financial institutions since 2009, totaling $176 billion, and referenced former attorney general Eric Holder’s frank admission in 2013 that some banks are “too big to jail.” (Holder later walked back that comment, though no high-level executives have gone to prison for anything related to the financial crisis.)
  • The duo also described their belief that big Wall Street banks are crushing smaller and medium-sized banks. Sherman cited research from the International Monetary Fund that when big banks have implicit taxpayer backing, their access to capital is so much easier that it amounts to an extra $83 billion annually—something he argued was an unfair advantage over smaller banks that would be allowed to fail. The Independent Community Bankers of America, which represents 6,000 smaller banks, has endorsed the Sanders-Sherman legislation. Beyond just small banks, Sanders argued that enormous financial institutions harm the broader economy because those smaller banks are key sources of capital for small businesses. “Wall Street cannot be an island unto itself separate from the productive economy,” he said.
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    Sanders pushing Hillary to commit to doing something about the banks. Fat chance. But maybe he can show who she really is.
Paul Merrell

Investigative Reporter Robert Parry to receive I.F. Stone Medal for Journalistic Indepe... - 0 views

  • In recognition of a career distinguished by meticulously researched investigations, intrepid questioning and reporting that has challenged both conventional wisdom and mainstream media, the Nieman Foundation for Journalism at Harvard will present journalist Robert Parry with the 2015 I.F. Stone Medal for Journalistic Independence during a ceremony in Cambridge, Mass., on Oct. 22, 2015.
  • Parry established the website, consortiumnews.com in 1995 as the first investigative news magazine on the Internet. He continues to edit the site and notes that a founding idea behind the project was the belief that “a major investment was needed in journalistic endeavors committed to honestly informing the American people about important events, reporting that truly operated without fear or favor.” Parry is known for breaking many of the stories related to the Iran-Contra affair while working at The Associated Press and Newsweek in the 1980s. He received the George Polk Award for National Reporting in 1984 for his work on Iran-Contra at the AP, where he broke the story that the CIA had provided a manual to the Nicaraguan Contras (“Psychological Operations in Guerrilla Warfare”) that outlined ways to build support for the Contra cause and carry out political assassinations.
  • In 1985, he was the first to report on Oliver North’s involvement in the affair and along with his AP colleague Brian Barger, was the first to describe the Contras’ role in cocaine trafficking in the United States – stories that led to an internal investigation and a congressional inquiry. Parry also was a 1985 Pulitzer finalist for his work. In the early 1990s, Parry made several documentaries for PBS’s Frontline on the October Surprise allegations about a plot to influence the outcome of the 1980 presidential election between incumbent Jimmy Carter and Ronald Reagan. He continued to report on the topic and published two related books: “Trick or Treason: The October Surprise Mystery” (1993) and “The October Surprise X-Files: The Hidden Origins of the Reagan-Bush Era” (1996). Parry’s other books include “America’s Stolen Narrative: From Washington and Madison to Nixon, Reagan and the Bushes to Obama” (2012), “Neck Deep: The Disastrous Presidency of George W. Bush” (2007), “Secrecy & Privilege: Rise of the Bush Dynasty from Watergate to Iraq” (2004), “and “Lost History: Contras, Cocaine, the Press & ‘Project Truth’” (1992).
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  • Parry worked for Bloomberg News from 2000-2004. He has reported from Grenada, El Salvador, Nicaragua, Iran, Israel and Haiti and has taught at the New York University Graduate School of Journalism. Former Nieman Foundation curator Bill Kovach, chair of the advisory committee that oversees the annual award, said, “Robert Parry has for decades been one of the most tenacious investigative journalists. Driven by his concern that the information flooding our communications system increasingly substitutes opinion for historical fact and undermines effective citizen and government decisions, he has created a unique news website to replace disinformation with facts based on deep research.” Established in 2008, the I.F Stone Medal honors the life of investigative journalist I.F. Stone and is presented annually to a journalist whose work captures the spirit of journalistic independence, integrity and courage that characterized I.F. Stone’s Weekly, published 1953-1971. The award is administered by the Nieman Foundation for Journalism at Harvard and its Nieman Watchdog Project.
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    Recognition for a journalist whose articles I often bookmark on Diigo.
Paul Merrell

Proposed buffer zone leads al Qaeda to withdraw fighters from northern Aleppo province ... - 0 views

  • The Al Nusrah Front, al Qaeda’s official branch in Syria, has released a statement saying its fighters have been ordered to withdraw from their frontline positions north of Aleppo. Al Nusrah’s jihadists had been fighting against the Islamic State in the area. The move comes in response to Turkey’s attempt to establish a buffer zone for forces fighting Abu Bakr al Baghdadi’s organization. The statement, which was released via Twitter on August 9, does not indicate that Al Nusrah is siding with the Islamic State in the multi-sided conflict. The group makes it clear that it will continue to fight Baghdadi’s men elsewhere. Instead, Turkey’s cooperation with the US-led coalition, which has targeted veteran al Qaeda leaders in northern Syria, has forced Al Nusrah to change tactics. The al Qaeda arm says it is relinquishing control of its territory in the northern part of the Aleppo province. Other rebel groups will step into the void. Al Nusrah criticizes the proposed buffer zone in its statement, saying it is intended to serve Turkey’s national security interests and is not part of a real effort to aid the mujahdeen’s cause. The Turkish government fears a Kurdish state on its southern border, according to Al Nusrah, and that is the real impetus behind its decision. The Kurds are one of the Islamic State’s main opponents and have gained territory at the expense of Baghdadi’s jihadists in recent months.
  • There is an even simpler explanation for Al Nusrah’s rejection of Turkey’s buffer zone: the US has been striking select al Qaeda operatives in Al Nusrah’s ranks. The Pentagon announced earlier this month that it had begun flying drones out of the Incirlik Air Base in Turkey. Some of the air missions are reportedly backing up US-trained rebel forces on the ground. Those very same fighters have battled Al Nusrah, which has killed or captured a number of the “moderate” rebels.
  • Separately, the US has also repeatedly targeted senior al Qaeda leaders in Al Nusrah’s ranks. Labeled the “Khorasan Group,” this cadre of al Qaeda veterans has been plotting attacks in the West.
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  • In September 2014, Francis Ricciardone, the former US ambassador to Turkey, accused the Turks of working with Al Nusrah. “We ultimately had no choice but to agree to disagree,” Ricciardone said of his discussion with Turkish officials. “The Turks frankly worked with groups for a period, including Al Nusrah, whom we finally designated as we’re not willing to work with.” Since early on the rebellion against the Assad regime, Turkey has permitted large numbers of foreign jihadists to travel into Syria. At various points, this benefitted not only Al Nusrah, but also al Qaeda’s rivals in the Islamic State, which Turkey now opposes. For instance, in October 2013, The Wall Street Journal reported on meetings between US officials, Turkish authorities and others. “Turkish officials said the threat posed by [Al Nusrah], the anti-Assad group, could be dealt with later,” according to US officials and Syrian opposition leaders who spoke with the newspaper. Officials also told the publication that the US government’s decision to designate Al Nusrah as a terrorist group in December 2012 was intended “in part to send a message to Ankara about the need to more tightly control the arms flow.” Eventually, in 2014, Turkey also designated Al Nusrah as a terrorist organization. Turkish authorities have also reportedly launched sporadic raids on al Qaeda-affiliated sites inside their country.
  • Still, al Qaeda has found Turkey to be a hospitable environment in the past. According to the US Treasury Department, al Qaeda has funneled cash and fighters through Turkish soil to Al Nusrah.
Gary Edwards

Thoughts from the Frontline : Six Impossible Things by John Mauldin - 0 views

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    Funny but a year ago we were hearing quite a bit of noise about the "End of Capitalism".  Today, the world is looking at the "End of Socialism".  How quickly things change. Six Impossible Things I have written several letters over the years about the basic economic equation GDP = C + I + G + (Net Exports) Which is to say, that Gross Domestic Product in a country is equal to total Consumption (personal and business) plus Investments plus Government Spending plus next exports. This equation is known as an identity equation. It is true for all countries and times. Now, gentle reader, I am going to spare you a few pages of algebra and cut to the chase. Let's divide a country's economy into three sections, private, government and exports. If you play with the variables a little bit you find that you get the following equation. Domestic Private Sector Financial Balance + Governmental Fiscal Balance - the Current Account Balance (or Trade Deficit/Surplus) = 0 This equation was introduced to you a few months ago in an Outside the Box written by Rob Parenteau. We are going to review this briefly, as it is VERY important. Paragraphs in quotes will be from that letter. As Rob noted, "...keep in mind this is an accounting identity, not a theory. If it is wrong, then five centuries of double entry book keeping must also be wrong." By Domestic Private Sector Financial Balance we mean the net balance of business and consumers. Are they borrowing money or paying down debt? Government Fiscal Balance is the same: is the government borrowing or paying down debt? And the Current Account Balance is the trade deficit or surplus. The implications are simple. The three items have to add up to zero. That means you cannot have both surpluses in the private and government sectors and run a trade deficit. You have to have a trade surplus.
Gary Edwards

Thoughts from the Frontline | John Mauldin Newsletter - 0 views

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    I've been reading John Mauldin's newsletter for some time now.  The guy is so grounded, and his writing style is fluid.  Mostly though i appreciate the depth of background information that surrounds the simplicity of his explanations.  Note his connections to George Friedman, Niall Ferguson David Rosenberg, Lacy Hunt and Gary Shilling.  Quite a murders row of economic thinking.  anyway, John's newsletter has become the bottom line of my economic thinking. excerpt:     "Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated and most expensive investment advice ever given in the boom just before a financial crisis stems from the perception that 'this time is different.' That advice, that the old rules of valuation no longer apply, is usually followed up with vigor. Financial professionals and, all too often, government leaders explain that we are doing things better than before, we are smarter, and we have learned from past mistakes. Each time, society convinces itself that the current boom, unlike the many booms that preceded catastrophic collapses in the past, is built on sound fundamentals, structural reforms, technological innovation, and good policy." - This Time is Different (Carmen M. Reinhart and Kenneth Rogoff) When does a potential crisis become an actual crisis, and how and why does it happen? Why did most everyone believe there were no problems in the US (or Japanese or European or British) economies in 2006? Yet now we are mired in a very difficult situation. "The subprime problem will be contained," said now controversially confirmed Fed Chairman Bernanke, just months before the implosion and significant Fed intervention. I have just returned from Europe, and the discussion often turned to the potential of a crisis in the Eurozone if Greece defaults. Plus, we take a look at the very positive US GDP numbers released this morning. Are we final
Gary Edwards

Killing the Golden Goose: How a pile of government debt destroys us | Thoughts from the... - 1 views

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    Excellent read.  The financial crisis is examined in an informative but breezy way.  The conclusion however isn't good.  We're out of options, and there doesn't seem to be anyway of stopping the explosion of government debt that will, sooner or later, crush us.   Great read!
Gary Edwards

American Apocalypse: Weiss Research, Inc. - 0 views

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    I wonder if they can beat Porter Stansberry's presentation?  Porter rocks. "Inside the Meltdown" is chilling (and can be seen on line at: http://www.pbs.org/wgbh/pages/frontline/meltdown/view/
Paul Merrell

Russia's Humanitarian 'Invasion' | Consortiumnews - 0 views

  • Before dawn broke in Washington on Saturday, “Ukrainian pro-Russian separatists” – more accurately described as federalists of southeast Ukraine who oppose last February’s coup in Kiev – unloaded desperately needed provisions from some 280 Russian trucks in Luhansk, Ukraine. The West accused those trucks of “invading” Ukraine on Friday, but it was a record short invasion; after delivering their loads of humanitarian supplies, many of the trucks promptly returned to Russia. I happen to know what a Russian invasion looks like, and this isn’t it. Forty-six years ago, I was ten miles from the border of Czechoslovakia when Russian tanks stormed in to crush the “Prague Spring” experiment in democracy. The attack was brutal.
  • I was not near the frontier between Russia and southeastern Ukraine on Friday as the convoy of some 280 Russian supply trucks started rolling across the border heading toward the federalist-held city of Luhansk, but that “invasion” struck me as more like an attempt to break a siege, a brutal method of warfare that indiscriminately targets all, including civilians, violating the principle of non-combatant immunity. Michael Walzer, in his War Against Civilians, notes that “more people died in the 900-day siege of Leningrad during WWII than in the infernos of Hamburg, Dresden, Tokyo, Hiroshima and Nagasaki taken together.” So the Russians have some strong feelings about sieges. There’s also a personal side for Russian President Vladimir Putin, who was born in Leningrad, now Saint Petersburg, eight years after the long siege by the German army ended. It is no doubt a potent part of his consciousness. One elder brother, Viktor, died of diphtheria during the siege of Leningrad.
  • Despite the fury expressed by U.S. and NATO officials about Russia’s unilateral delivery of the supplies after weeks of frustrating negotiations with Ukrainian authorities, there was clearly a humanitarian need. An International Committee of the Red Cross (ICRC) team that visited Luhansk on Aug. 21 to make arrangements for the delivery of aid found water and electricity supplies cut off because of damage to essential infrastructure. The Ukrainian army has been directing artillery fire into the city in an effort to dislodge the ethnic Russian federalists, many of whom had supported elected President Viktor Yanukovych who was ousted in the Feb. 22 coup. The Red Cross team reported that people in Luhansk do not leave their homes for fear of being caught in the middle of ongoing fighting, with intermittent shelling into residential areas placing civilians at risk. Laurent Corbaz, ICRC head of operations for Europe and Central Asia, reported “an urgent need for essentials like food and medical supplies.” The ICRC stated that it had “taken all necessary administrative and preparatory steps for the passage of the Russian convoy,” and that, “pending customs checks,” the organization was “therefore ready to deliver the aid to Luhansk … provided assurances of safe passage are respected.” The “safe passage” requirement, however, was the Catch-22. The Kiev regime and its Western supporters have resisted a ceasefire or a political settlement until the federalists – deemed “terrorists” by Kiev – lay down their arms and surrender.
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  • Accusing the West of repeatedly blocking a “humanitarian armistice,” a Russian Foreign Ministry statement cited both Kiev’s obstructionist diplomacy and “much more intensive bombardment of Luhansk” on Aug. 21, the day after some progress had been made on the ground regarding customs clearance and border control procedures: “In other words, the Ukrainian authorities are bombing the destination [Luhansk] and are using this as a pretext to stop the delivery of humanitarian relief aid.”
  • Despite all the agreements and understandings that Moscow claims were reached earlier with Ukrainian authorities, Kiev insists it did not give permission for the Russian convoy to cross its border and that the Russians simply violated Ukrainian sovereignty – no matter the exigent circumstances they adduce. More alarming still, Russia’s “warning” could be construed as the Kremlin claiming the right to use military force within Ukraine itself, in order to protect such humanitarian supply efforts – and perhaps down the road, to protect the anti-coup federalists, as well. The risk of escalation, accordingly, will grow in direct proportion to the aggressiveness of not only the Ukrainian armed forces but also their militias of neo-fascists who have been dispatched by Kiev as frontline shock troops in eastern Ukraine.
  • Moscow’s move is a difficult one to parry, except for those – and there are many, both in Kiev and in Washington – who would like to see the situation escalate to a wider East-West armed confrontation. One can only hope that, by this stage, President Barack Obama, Secretary of State John Kerry and the European Union realize they have a tiger by the tail. The coup regime in Kiev knows which side its bread is buttered on, so to speak, and can be expected to heed the advice from the U.S. and the EU if it is expressed forcefully and clearly. Not so the fanatics of the extreme right party Svoboda and the armed “militia” comprised of the Right Sector. Moreover, there are influential neo-fascist officials in key Kiev ministries who dream of cleansing eastern Ukraine of as many ethnic Russians as possible. Thus, the potential for serious mischief and escalation has grown considerably. Even if Ukrainian President Petro Poroshenko wants to restrain his hardliners, he may be hard-pressed to do so. Thus, the U.S. government could be put in the unenviable position of being blamed for provocations – even military attacks on unarmed Russian truck drivers – over which it has little or no control.
  • The White House second-string P.R. team came off the bench on Friday, with the starters on vacation, and it was not a pretty scene. Even if one overlooks the grammatical mistakes, the statement they cobbled together left a lot to be desired. It began: “Today, in violation of its previous commitments and international law, Russian military vehicles painted to look like civilian trucks forced their way into Ukraine. … “The Ukrainian government and the international community have repeatedly made clear that this convoy would constitute a humanitarian mission only if expressly agreed to by the Ukrainian government and only if the aid was inspected, escorted and distributed by the International Committee of the Red Cross (ICRC). We can confirm that the ICRC is not escorting the vehicles and has no role in managing the mission. … “Russian military vehicles piloted by Russian drivers have unilaterally entered the territory controlled by the separatist forces.”
  • The White House protested that Kiev had not “expressly agreed” to allow the convoy in without being escorted by the ICRC. Again, the Catch 22 is obvious. Washington has been calling the shots, abetting Kiev’s dawdling as the supply trucks sat at the border for a week while Kiev prevented the kind of ceasefire that the ICRC insists upon before it will escort such a shipment. The other issue emphasized in the White House statement was inspection of the trucks: “While a small number of these vehicles were inspected by Ukrainian customs officials, most of the vehicles have not been inspected by anyone but Russia.” During a press conference at the UN on Friday, Russia’s UN Ambassador Vitaly Churkin took strong exception to that charge, claiming not only that 59 Ukrainian inspectors had been looking through the trucks on the Russian side of the border, but that media representatives had been able to choose for themselves which trucks to examine.
  • Regardless of this latest geopolitical back-and-forth, it’s clear that Moscow’s decision to send the trucks across the border marked a new stage of the civil war in Ukraine. As Putin prepares to meet with Ukrainian President Poroshenko next week in Minsk – and as NATO leaders prepare for their summit on Sept. 4 to 5 in Wales – the Kremlin has put down a marker: there are limits to the amount of suffering that Russia will let Kiev inflict on the anti-coup federalists and ethnic Russian civilians right across the border. The Russians’ attitude seems to be that if the relief convoys can be described as an invasion of sovereign territory, so be it. Nor are they alone in the court of public opinion.
  • Charter members of the Fawning Corporate Media are already busily at work, including the current FCM dean, the New York Times’ Michael R. Gordon, who was at it again with a story titled “Russia Moves Artillery Units Into Ukraine, NATO Says.”  Gordon’s “scoop” was all over the radio and TV news; it was picked up by NPR and other usual suspects who disseminate these indiscriminate alarums. Gordon, who never did find those Weapons of Mass Destruction that he assured us were in Iraq, now writes: “The Russian military has moved artillery units manned by Russian personnel inside Ukrainian territory in recent days and was using them to fire at Ukrainian forces, NATO officials said on Friday.” His main source seems to be NATO chief Anders Fogh Rasmussen, who famously declared in 2003, “Iraq has WMDs. It is not something we think; it is something we know.” Cables released by WikiLeaks have further shown the former Danish prime minister to be a tool of Washington.
  • However, Gordon provided no warning to Times’ readers about Rasmussen’s sorry track record for accuracy. Nor did the Times remind its readers about Gordon’s sorry history of getting sensitive national security stories wrong. Surely, the propaganda war will be stoked by what happened on Friday. Caveat emptor.
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    Former Army officer and CIA analyst Ray McGovern informs that the Russian humanitarian aid convoy to Luhansk. It should be noted that "humanitarian intervention" has increasingly been used by the U.S. as grounds for full-fledged regime change military operations that invade other nation's sovereignty. Kosovo and Libya and prime examples, and the U.S. war by proxy against Syria has also been justified only by the humanitarian pretext of saving civilian lives, more than 100,000 of which have been extinguished by the war so far. So an actual humanitarian relief effort that invades the coup government of Ukraine's "sovereignty" seems like small potatoes in comparison. 
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    Former Army officer and CIA analyst Ray McGovern informs that the Russian humanitarian aid convoy to Luhansk. It should be noted that "humanitarian intervention" has increasingly been used by the U.S. as grounds for full-fledged regime change military operations that invade other nation's sovereignty. Kosovo and Libya and prime examples, and the U.S. war by proxy against Syria has also been justified only by the humanitarian pretext of saving civilian lives, more than 100,000 of which have been extinguished by the war so far. So an actual humanitarian relief effort that invades the coup government of Ukraine's "sovereignty" seems like small potatoes in comparison. 
Paul Merrell

The Neocons' Grim 'Victory' in Iraq | Consortiumnews - 0 views

  • Neocons do like to declare victory, especially regarding the Iraq War. So it came as no surprise that Paul Wolfowitz, apparently unimpressed by Iraq’s mounting crisis, regaled a recent panel discussion at the U.S.-Africa Summit with the blunt proclamation, “We have won it — in  2009.” Unsurprisingly, that’s when Team Bush left the White House — and approximately 150,000 troops behind in Iraq. Perhaps also not surprisingly, war-weary Americans didn’t pay much attention to Paul’s pronouncement. No doubt they are as tired of Wolfowitz as they are of the war he helped to start. It probably rang as hollow as the faint echo of his earlier pitch for a quick, all-expenses-paid war against 2003’s Hitler of the Moment — Saddam Hussein.
  • But it’s not quite as simple as that. The issue got more complicated shortly after the Africa summit when President Barack Obama — who had pinned his legacy on extricating the United States from Iraq — suddenly found himself at a podium to announce limited, but open-ended military action to halt the dreaded march of The Islamic State (often called ISIS or ISIL) through the repeatedly rocked Cradle of Civilization. Many have explained the organization’s plan for creating a fundamentalist caliphate and its reliance on shockingly brutal tactics that make ISIS something that even al-Qaeda could never be, nor perhaps ever wanted to be. Many others have prodded the dying corpse of Iraq to assign blame here, there and everywhere. But the most basic reason for more bombing is found right there in the self-aggrandizing quip by Paul Wolfowitz. The simple fact is that the Iraq War was a smashing success – at least for the neocons – because it smashed the keystone in the arch of the region’s stability. By removing Saddam Hussein, his government and the Republican Guard, neocons removed a bulwark against the very jihadism that has policymakers and pundits forever wringing their hands raw, military contractors ringing their cash registers, and the denizens of the national security state resting assured under a blanket of secrecy.
  • Considering the persistent ubiquity of U.S. forces in the Persian Gulf, their growing presence around the Horn of Africa and extension into Sub-Saharan Africa, Wolfowitz’s declaration of victory may not be ironic or delusional; it may have some measure of truth – at least from his perspective – but for a reason most would not consider victorious. That “victory” achieved something the neocons could only dream of during a fitful slumber brought on by counting the media’s sheep, i.e. a permanent war in the Middle East.
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    Recall that neocons are zionists at their core and that even before the State of Israel was formally established, a foreign policy goal of breaking Iraq into three ethnically-based nations was firmly established. So the neocon victory in Iraq is the unfolding achievement of that Israeli goal.  
Paul Merrell

US Troops 'May' Be Needed in Iraq, Says Hagel | News | teleSUR - 0 views

  • The United States already has 4500 troops in Iraq, but outgoing defense secretary Chuck Hagel says more may be needed.
  • U.S. ground forces may again be deployed to Iraq, outgoing Defense Secretary Chuck Hagel hinted on Friday. “I think it may require a forward deployment of some of our troops,” he told CNN. Hagel stated troops wouldn't operate as frontline fighters, but instead support Iraqi government forces in spotting Islamic State group targets and gathering intelligence. He also stated he is unsure whether such a deployment is yet needed. “I would say we're not there yet. Whether we get there or not, I don't know,” he said. Despite a pledge by President Barack Obama that there would be “no boots on the ground” in the fight against the Islamic State group, around 4500 U.S. troops are already in Iraq. The administration says the troops are primarily providing training to Iraqi government forces, and will not directly face the Islamic State group.
  • However, Hagel himself has acknowledged las year, “This is a long-term effort.” “It’s difficult. There will be setbacks. There will be victories,” he said ahead of a visit to Baghdad in December. The surprise visit was the first time Hagel has been to Iraq since he became defense secretary in February, 2013.
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  • It also followed the announcement of Hagel's sudden resignation in November. Obama has tapped Ashton Carter as the next defense secretary. “Carter has been through the revolving door between industry, the military and academia — advising Goldman Sachs and other investment firms on military technology along the way,” nuclear disarmament campaigner Alice Slater said when Carter's nomination was announced. Slater warned that Carter has advocated for an expanded U.S. military presence in Asia, and was “instrumental in establishing the policy that led to the new demonization of Russia which we see today.” “Carter also advised Obama on expanding the U.S. empire to Asia in the so-called Asia pivot, which resulted in new bases in the Pacific, expanded missile shields with Japan and South Korea, and actually stationing troops in Australia,” she stated.
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    I wonder why Obama doesn't simply move the Pentagon and all military bases located in the U.S. to Iraq? 
Paul Merrell

Main U.S.-Backed Syrian Rebel Group Disbanding, Joining Islamists - The Daily Beast - 0 views

  • The Syrian rebel group Harakat al-Hazm, one of the White House’s most trusted militias fighting President Bashar al-Assad, collapsed Sunday, with activists posting a statement online from frontline commanders saying they are disbanding their units and folding them into brigades aligned with a larger Islamist insurgent alliance distrusted by Washington.
  • The apparent implosion comes just weeks after the Obama administration halved its funding of the 4,000-strong secular brigade—one of several more moderate rebel militias that have seen their U.S. funding cut or scaled back since Christmas.   Hazm has suffered an increasing number of defections in recent weeks in the face of repeated attacks from al Qaeda affiliate Jabhat al-Nusra on its remaining redoubts in Aleppo and in the area west of the city.This weekend the brigade suffered 300 casualties, say opposition officials, from fighting with the jihadists, and its leaders say that to avoid further bloodshed they have had no choice but to dissolve themselves and throw in their lot with the larger Shamiah Front, an alliance of mainly-Islamist militias in Aleppo. They say the morale of the militia—one of the few rebel brigades to have been trusted in the past by the U.S. with TOW anti-tank rockets—had plummeted as the American money spigot was slowly turned off.
  • A U.S. official said the secular militia had no alternative but to disband. He said it will now be crucial to see what individual Hazm fighters do, indicating that he hoped some would volunteer for the train-and-equip program.. A 50-man intelligence unit formed by Hazm to assist in on-the-ground damage assessment of U.S. airstrikes on ISIS and to provide information on al Nusra was disbanded because of the funding reductions, a senior opposition source told The Daily Beast.
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  • Hazm was frequently touted by Obama aides as one of the militias they could rely on—a brigade that could partner on train-and-equip.But like other moderate militias, the program didn’t sit well with Hazm fighters, who were infuriated with Washington at what they saw as a downgrading of their efforts to topple President Assad.
  • Hazm’s problems with al Nusra, al Qaeda’s franchise in Syria, have multiplied since late October when their jihadist foes overran several of the militia’s key strongholds in Idlib, including Khan al-Subul, where it stored about 10 percent of its equipment. Hazm denied reports that al Nusra fighters managed to seize U.S.-supplied TOW anti-tank missiles, but conceded that al Nusra was able to secure 20 tanks, five of which were fully functional; six new armored personnel carriers recently supplied from overseas; and dozens of the group’s walkie-talkies, which Hazm leaders bought themselves from Best Buy during a visit to the U.S.
  • The brigade’s failure to hold the line against al Nusra—as well as the failure of other Western-backed armed groups to assist the beleaguered Hazm—was one of the reasons given to The Daily Beast by a State Department official for the cutbacks in funding for several rebel groups.Another reason cited was the increasing tendency of the moderate and secular militias to coordinate with the Shamiah Front.
  • Aleppo-based rebels insist they have no choice but to work with the Front, which also coordinates operations against Syrian government forces inside Aleppo with al Nusra. “Without the front, Assad would overwhelm us,” says a secular rebel commander. He and other brigade commanders say the Obama administration’s train-and-equip plan has little to do with what is unfolding rapidly on the ground. Brigades are demoralized, disintegrating, and fighting among themselves.
  • While al Nusra has been fighting the moderate armed opposition to Assad, it has been left alone by rival ISIS, with clashes between the competing jihadists all but ceasing.
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