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Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now... - 0 views

  • No one “understands” derivatives. How many times have readers heard that thought expressed (please round-off to the nearest thousand)? Why does no one understand derivatives? For many; the answer to that question is that they have simply been thinking too hard. For others; the answer is that they don’t “think” at all. Derivatives are bets. This is not a metaphor, or analogy, or generalization. Derivatives are bets. Period. That’s all they ever were. That’s all they ever can be.
  • One very large financial institution that appears to be in serious trouble with these financial weapons of mass destruction is Glencore.  At one time Glencore was considered to be the 10th largest company on the entire planet, but now it appears to be coming apart at the seams, and a great deal of their trouble seems to be tied to derivatives.  The following comes from Zero Hedge… Of particular concern, they said, was Glencore’s use of financial instruments such as derivatives to hedge its trading of physical goods against price swings. The company had $9.8 billion in gross derivatives in June 2015, down from $19 billion in such positions at the end of 2014, causing investors to query the company about the swing. Glencore told investors the number went down so drastically because of changes in market volatility this year, according to people briefed by Glencore. When prices vary significantly, it can increase the value of hedging positions. Last year, there were extreme price moves, particularly in the crude-oil market, which slid from about $114 a barrel in June to less than $60 a barrel by the end of December.
  • That response wasn’t satisfying, said Michael Leithead, a bond fund portfolio manager at EFG Asset Management, which managed $12 billion as of the end of March and has invested in Glencore’s debt.
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  • According to Bank of America, the global financial system has about 100 billion dollars of exposure overall to Glencore.  So if Glencore goes bankrupt that is going to be a major event.  At this point, Glencore is probably the most likely candidate to be “the next Lehman Brothers”. And it isn’t just Glencore that is in trouble.  Other financial giants such as Trafigura are in deep distress as well.  Collectively, the global financial system has approximately half a trillion dollars of exposure to these firms… Worse, since it is not just Glencore that the banks are exposed to but very likely the rest of the commodity trading space, their gross exposure blows up to a simply stunning number:
  • For the banks, of course, Glencore may not be their only exposure in the commodity trading space. We consider that other vehicles such as Trafigura, Vitol and Gunvor may feature on bank balance sheets as well ($100 bn x 4?)
  • Call it half a trillion dollars in very highly levered exposure to commodities: an asset class that has been crushed in the past year. The mainstream media is not talking much about any of this yet, and that is probably a good thing.  But behind the scenes, unprecedented moves are already taking place. When I came across the information that I am about to share with you, I was absolutely stunned.  It comes from Investment Research Dynamics, and it shows very clearly that everything is not “okay” in the financial world… Something occurred in the banking system in September that required a massive reverse repo operation in order to force the largest ever Treasury collateral injection into the repo market.   Ordinarily the Fed might engage in routine reverse repos as a means of managing the Fed funds rate.   However, as you can see from the graph below, there have been sudden spikes up in the amount of reverse repos that tend to correspond the some kind of crisis – the obvious one being the de facto collapse of the financial system in 2008:
  • What in the world could possibly cause a spike of that magnitude? Well, that same article that I just quoted links the troubles at Glencore with this unprecedented intervention… What’s even more interesting is that the spike-up in reverse repos occurred at the same time – September 16 – that the stock market embarked on an 8-day cliff dive, with the S&P 500 falling 6% in that time period.  You’ll note that this is around the same time that a crash in Glencore stock and bonds began.   It has been suggested by analysts that a default on Glencore credit derivatives either by Glencore or by financial entities using derivatives to bet against that event would be analogous to the “Lehman moment” that triggered the 2008 collapse. The blame on the general stock market plunge was cast on the Fed’s inability to raise interest rates.  However that seems to be nothing more than a clever cover story for something much more catastrophic which began to develop out sight in the general liquidity functions of the global banking system. Back in 2008, Lehman Brothers was not “perfectly fine” one day and then suddenly collapsed the next.  There were problems brewing under the surface well in advance. Well, the same thing is happening now at banking giants such as Deutsche Bank, and at commodity trading firms such as Glencore, Trafigura and The Noble Group. And of course a lot of smaller fish are starting to implode as well.  I found this example posted on Business Insider earlier today…
  • On September 11, Spruce Alpha, a small hedge fund which is part of a bigger investment group, sent a short report to investors. The letter said that the $80 million fund had lost 48% in a month, according the performance report seen by Business Insider. There was no commentary included in the note. No explanation. Just cold hard numbers.
  • Wow – how do you possibly lose 48 percent in a single month? It would be hard to do that even if you were actually trying to lose money on purpose. Sadly, this kind of scenario is going to be repeated over and over as we get even deeper into this crisis. Meanwhile, our “leaders” continue to tell us that there is nothing to worry about.  For example, just consider what former Fed Chairman Ben Bernanke is saying…
  • Former Federal Reserve chairman Ben Bernanke doesn’t see any bubbles forming in global markets right right now. But he doesn’t think you should take his word for it. And even if you did, that isn’t the right question to ask anyway. Speaking at a Wall Street Journal event on Wednesday morning, Bernanke said, “I don’t see any obvious major mispricings. Nothing that looks like the housing bubble before the crisis, for example. But you shouldn’t trust me.”
  • I certainly agree with that last sentence.  Bernanke was the one telling us that there was not going to be a recession back in 2008 even after one had already started.  He was clueless back then and he is clueless today. Most of our “leaders” either don’t understand what is happening or they are not willing to tell us. So that means that we have to try to figure things out for ourselves the best that we can.  And right now there are signs all around us that another 2008-style crisis has begun. Personally, I am hoping that there will be a lot more days like today when the markets were relatively quiet and not much major news happened around the world. Unfortunately for all of us, these days of relative peace and tranquility are about to come to a very abrupt end.
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    "Warren Buffett once referred to derivatives as "financial weapons of mass destruction", and it was inevitable that they would begin to wreak havoc on our financial system at some point.  While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is bubbling just under the surface.  As you will see below, something happened in mid-September that required an unprecedented 405 billion dollar surge of Treasury collateral into the repo market.  I know - that sounds very complicated, so I will try to break it down more simply for you.  It appears that some very large institutions have started to get into a significant amount of trouble because of all the reckless betting that they have been doing.  This is something that I have warned would happen over and over again.  In fact, I have written about it so much that my regular readers are probably sick of hearing about it.  But this is what is going to cause the meltdown of our financial system. Many out there get upset when I compare derivatives trading to gambling, and perhaps it would be more accurate to describe most derivatives as a form of insurance.  The big financial institutions assure us that they have passed off most of the risk on these contracts to others and so there is no reason to worry according to them. Well, personally I don't buy their explanations, and a lot of others don't either.  On a very basic, primitive level, derivatives trading is gambling.  This is a point that Jeff Nielson made very eloquently in a piece that he recently published…"
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On this Veterans Day, suicide has caused more American casualties than wars in Iraq and... - 0 views

  • One of the most tragic problems afflicting those who served their country is the specter of suicide, often the fallout of post traumatic stress disorder (PTSD). After more than a year of intense lobbying by veterans groups, Congress this year passed the Clay Hunt Suicide Prevention for American Veterans Act, named for a Marine veteran who took his own life even after working as an advocate for suicide prevention. The law is designed to reduce military and veteran suicides, and improve access to quality mental health care. But veterans experts estimate that 17 of the 22 daily suicides involve vets not enrolled in the VA’s healthcare system, suggesting more research — and far greater funding — will be necessary to get a handle on the problem.
  • With U.S. combat operations winding down in Afghanistan and Iraq, the suicide rate among ex-military members has risen from 18 a day in 2010, although studies undertaken by the Veterans Administration have failed to pinpoint a direct cause. Only about a third of all vets use the VA for healthcare, which leaves a wide swath of people who once wore the uniform outside the reach of the military’s data gathering.“Common sense would have us expect a correlation between number of deployments and combat with suicide risk,” says Fred MacRae, lead suicide prevention coordinator at the VA hospital in Palo Alto. But recent research suggests that’s not necessarily the case. #AD_text{ font-size: 11px; color: #999999; } Advertisement Not even the horrors of battle are a proven cause. “More and more,” says Jackie Maffucci, research director for Iraq and Afghanistan Veterans of America (IAVA), “the data are suggesting that exposure to combat is not one of the high-risk factors.”
  • Almost everyone who has served in the military now knows someone — often several someones — who suffers from disabling depression. Some end their own lives. Members of the IAVA were asked in a survey last year if they knew at least one post-9/11 veteran who had attempted suicide, and 47 percent answered yes. Another 40 percent knew at least one veteran who had died by suicide. “And 31 percent indicated they had thought about taking their own life since joining the military,” says Maffucci. “Those are startling numbers.”Daniel Faddis told another veteran in his family that he felt he had let down his military buddies when he was booted out. “He carried around a lot of guilt about that,” Stan Faddis says. “Some guys he knew ended up dying in combat, and he felt bad he wasn’t there to save them, or to die with them.”The current wait time for a mental health appointment at the VA in Palo Alto is about 12 days, and in a recent national study by the Government Accountability Office it averaged 26 days. Still, that’s considerably shorter than when the country went on a wartime footing following 9/11. “In 2001, your chances of dying by suicide were greater if you got your care in the VA system than if you got it elsewhere,” MacRae acknowledges. The new federal legislation is creating a program to help the VA recruit psychiatrists by assisting with their tuition payments, and it also requires an annual evaluation of VA mental health and suicide-prevention programs.
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Online Registration for three courses in DTU East Delhi Campus kick starts, students ca... - 0 views

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    Online Registration for three courses in DTU East Delhi Campus kick starts, students can apply for economics, BBA and MBA course
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Newly Declassified CIA Report Exposes Over 25 Years Of U.S. Plans To Destabilize Syria - 0 views

  • While the nearly seven-year-long sectarian “civil war” in Syria is widely believed to have started in 2011, revelations in recent years have shown that the sectarian war that has sunk Syria into chaos actually precedes the “official” start of the conflict.
  • While the nearly seven-year-long sectarian “civil war” in Syria is widely believed to have started in 2011, revelations in recent years have shown that the sectarian war that has sunk Syria into chaos actually precedes the “official” start of the conflict. In 2010, Wikileaks published hundreds of thousands of classified State Department cables, including a 2006 cable showing that destabilizing the Syrian government was a primary goal of U.S. policy in the Middle East. The ultimate intention was to topple Iran, one of Syria’s closest allies. The cable revealed that the U.S.’ goal at the time was to undermine the Syrian government by any means available. In addition, retired United States Army General Wesley Clark’s bombshell interview with Democracy Now exposed the existence of plans for regime change in Syria that date as far back as 2001. Now, a newly declassified document from the Central Intelligence Agency has shown that these regime change efforts date back even further to the late 1980s – and potentially even earlier.
  • The declassified document was written in July, 1986 by the Foreign Subversion and Instability Center, a part of the CIA’s Mission Center for Global Issues, and is titled “Syria: Scenarios of Dramatic Political Change.” As the document itself states, its purpose is to analyze – in a “purposely provocative” manner – “a number of possible scenarios that could lead to the ouster of President Assad [Bashar al-Assad’s father, Hafez] or other dramatic change in Syria.” The report’s meager distribution list suggest it was considered by top officials in the Reagan administration, specifically because it was distributed to national security chiefs, not entire agencies. It was also distributed to a handful of key players in U.S.-Syria relations, such as former Ambassador to Syria William Eagleton. Though the document itself officially predates the current Syrian conflict by nearly 25 years, much of its analysis brings to mind recent events in Syria, particularly those that led to the outbreak of war in 2011. Chief among these is the rise of factionalism between Sunni Muslim elements against the ruling Alawi minority (a Shi’ite sect), as well as the potential to counter Russian influence in Syria and elsewhere in the Middle East. These similarities suggest that U.S. regime change efforts in Syria date back to well over 30 years ago – proof of the persistent imperialist elements that consistently guide U.S. foreign policy.
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Salman katrina to start shooting of "Tiger Zinda Hai" soon - 0 views

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    New Delhi: Bollywood biggie Salman Khan and Katrina Kaif will soon start the shooting of their upcoming film "Tiger Zinda Hai", a film which is a sequel to their hit "Ek Tha Tigar". If gossips are to be believed Salman has once again taken the responsibility to balance the drowned career of Katrina, who is struggling to make a hit for a long.
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Benghazi: It took Panetta between 2 & 3 hours after learning of attack before... - 0 views

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    MILITARY WAS TOLD TO STAND DOWN BECAUSE AMBASSADOR STEVENS WAS SUPPOSED TO BE KIDNAPPED AND USED IN A TRADE FOR THE BLIND SHEEK.
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The Real Reason for the Iraq War | VICE United Kingdom - 1 views

  • Like most lefty journalists, I assumed that George Bush and Tony Blair invaded Iraq to buy up its oil fields, cheap and at gun-point, and cart off the oil. We thought we knew the neo-cons true casus belli: Blood for oil. But the truth in the Options for Iraqi Oil Industry was worse than "Blood for Oil". Much, much worse.
  • Within days, our chief of investigations, Ms Badpenny, delivered to my shack in the woods outside New York a 323-page, three-volume programme for Iraq's oil crafted by George Bush's State Department and petroleum insiders meeting secretly in Houston, Texas. I cracked open the pile of paper – and I was blown away.
  • I'd already had in my hands a 101-page document, another State Department secret scheme, first uncovered by Wall Street Journal reporter Neil King, that called for the privatisation, the complete sell-off of every single government-owned asset and industry. And in case anyone missed the point, the sales would include every derrick, pipe and barrel of oil, or, as the document put it, "especially the oil". That plan was created by a gaggle of corporate lobbyists and neo-cons working for the Heritage Foundation. In 2004, the plan's authenticity was confirmed by Washington power player Grover Norquist. (It's hard to erase the ill memory of Grover excitedly waving around his soft little hands as he boasted about turning Iraq into a free-market Disneyland, recreating Chile in Mesopotamia, complete with the Pinochet-style dictatorship necessary to lock up the assets – while behind Norquist, Richard Nixon snarled at me from a gargantuan portrait.) The neo-con idea was to break up and sell off Iraq's oil fields, ramp up production, flood the world oil market – and thereby smash OPEC and with it, the political dominance of Saudi Arabia.
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  • General Jay Garner also confirmed the plan to grab the oil. Indeed, Secretary of Defense Donald Rumsfeld fired Garner, when the General, who had lived in Iraq, complained the neo-con grab would set off a civil war. It did. Nevertheless, Rumsfeld replaced Garner with a new American viceroy, Paul Bremer, a partner in Henry Kissinger's firm, to complete the corporate takeover of Iraq's assets – "especially the oil".
  • But that was not to be. While Bremer oversaw the wall-to-wall transfer of Iraqi industries to foreign corporations, he was stopped cold at the edge of the oil fields. How? I knew there was only one man who could swat away the entire neo-con army: James Baker, former Secretary of State, Bush family consiglieri and most important, counsel to Exxon-Mobil Corporation and the House of Saud.
  • There was no way in hell that Baker's clients, from Exxon to Abdullah, were going to let a gaggle of neo-con freaks smash up Iraq's oil industry, break OPEC production quotas, flood the market with six million bbd of Iraqi oil and thereby knock the price of oil back down to $13 a barrel where it was in 1998.
  • Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields – and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil – he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil – END OF STATEMENT." Carroll then passed off control of Iraq's oil to Bob McKee of Halliburton, Cheney's old oil-services company, who implemented the Baker "enhance OPEC" option anchored in state ownership.
  • This week, VICE readers can download, for free, Greg Palast's investigation of the war in Iraq in the BBC film, Bush Family Fortunes, at www.GregPalast.com – as well as the illustrated poster of "The Secret History of War over Oil in Iraq" from Palast's international bestseller, Armed Madhouse, also at www.GregPalast.com
  • Some oil could be released, mainly to China, through limited, but lucrative, "production sharing agreements". And that's how George Bush won the war in Iraq. The invasion was not about "blood for oil", but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward. Oil men, whether James Baker or George Bush or Dick Cheney, are not in the business of producing oil. They are in the business of producing profits. And they've succeeded. Iraq, capable of producing six to 12 million barrels of oil a day, still exports well under its old OPEC quota of three million barrels. The result: As we mark the tenth anniversary of the invasion this month, we also mark the fifth year of crude at $100 a barrel. As George Bush could proudly say to James Baker: Mission Accomplished!
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    The Sherman Act forbids conspiracies in restraint of trade and is at its zenith in price-fixing cases. This looks to be the mother of all price-fixing cases, to say the least.   
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    Wow, Marbux has it right.  This report from the legendary Greg Palast of the BBC News Network is a stunning reversal of what everyone believed to be the truth.  To wit, the militarist and global strategist - resource control hungry neocon contingent of the Repubican party was always thought to be behind the Iraqi war.  For control of cheap, plentiful oil and, the protection / destruction of Israel's enemies.   Funny, but it turns out America was fighting for higher oil prices and limited supplies.  Just as in the first Gulf War, Americans were fighting to protect Saudi and big oil profits. excerpt: Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields - and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil - he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil - END OF STATEMENT." Carroll then passed off control
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The Real Blame for Deaths in Libya    :   Information Clearing House: ICH - 0 views

  • However, in this political season, the Republicans want to gain some political advantage by stirring up doubts about President Barack Obama’s toughness on terrorism — and the Obama administration is looking for ways to blunt those rhetorical attacks by launching retaliatory strikes in Libya or elsewhere. Thus, it was small comfort to learn that Teflon-coated John Brennan, Obama’s counterterrorism adviser, had flown to Tripoli, hoping to unearth some interim Libyan government officials to consult with on the Benghazi attack. With the embassy’s help, he no doubt identified Libyan officials with some claim to purview over “terrorism.”
  • But Brennan is not about investigation. Retribution is his bag. It is likely that some Libyan interlocutor was brought forth who would give him carte blanche to retaliate against any and all those “suspected” of having had some role in the Benghazi murders. So, look for “surgical” drone strike or Abbottabad-style special forces attack — possibly before the Nov. 6 election — on whomever is labeled a “suspect.” Sound wild? It is. However, considering Brennan’s penchant for acting-first-thinking-later, plus the entrée and extraordinary influence he enjoys with President Obama, drone and/or special forces attacks are, in my opinion, more likely than not. (This is the same Brennan, after all, who compiles for Obama lists of nominees for assassination by drone.) If in Tuesday’s debate with ex-Massachusetts Gov. Mitt Romney, Obama is pressed, as expected on his supposed weakness in handling Benghazi, attacks on “terrorists,” real or “suspect,” become still more likely. Brennan and other White House functionaries might succeed in persuading the president that such attacks would be just what the doctor ordered for his wheezing poll numbers.
  • It was no surprise, then, that almost completely absent from the discussion at last Tuesday’s hearing was any attempt to figure out why a well-armed, well-organized group of terrorists wanted to inflict maximum damage on the U.S. consulate in Benghazi and kill the diplomats there. Were it not for Rep. Dennis Kucinich, D-Ohio, impressionable listeners would have been left with the idea that the attack had nothing to do with Washington’s hare-brained, bomb-heavy policies, from which al-Qaeda and similar terrorist groups are more beneficiary than victim, as in Libya. Not for the first time, Kucinich rose to the occasion at Tuesday’s hearing:
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  • “You’d think that after ten years in Iraq and after eleven years in Afghanistan that the U.S. would have learned the consequences and the limits of interventionism. … Today we’re engaging in a discussion about the security failures of Benghazi. The security situation did not happen overnight because of a decision made by someone at the State Department. … “We owe it to the diplomatic corps, who serves our nation, to start at the beginning and that’s what I shall do. Security threats in Libya, including the unchecked extremist groups who are armed to the teeth, exist because our nation spurred on a civil war destroying the security and stability of Libya. … We bombed Libya. We destroyed their army. We obliterated their police stations … Al Qaeda expanded its presence. “Weapons are everywhere. Thousands of shoulder-to-air missiles are on the loose. Our military intervention led to greater instability in Libya. … It’s not surprising that the State Department was not able to adequately protect our diplomats from this predictable threat. It’s not surprising and it’s also not acceptable. … “We want to stop attacks on our embassies? Let’s stop trying to overthrow governments. This should not be a partisan issue. Let’s avoid the hype. Let’s look at the real situation here. Interventions do not make us safer. They do not protect our nation. They are themselves a threat to America.”
  • Congressman Kucinich went on to ask the witnesses if they knew how many shoulder-to-air missiles were on the loose in Libya. Nordstrom: “Ten to twenty thousand.”
  • In my view, counterterrorism guru Brennan shares the blame for this and other failures. But he has a strong allergy to acknowledging such responsibility. And he enjoys more Teflon protection from his perch closer to the president in the White House. The back-and-forth bickering over the tragedy in Benghazi has focused on so many trees that the forest never came into view. Not only did the hearing fall far short in establishing genuine accountability, it was bereft of vision. Without vision, the old proverb says, the people perish — and that includes American diplomats. The killings in Benghazi on Sept. 11, 2012, validate that wisdom. If the U.S. does not change the way it relates to the rest of the world, and especially to the Muslim world, more and more people will perish. If we persist on the aggressive path we are on, Americans will in no way be safer. As for our diplomats, in my view it is just a matter of time before our next embassy, consulate or residence is attacked.
  • We are told we should not speak ill of the dead. Dead consciences, though, should be fair game. In my view, the U.S. Secretary of State did herself no credit the morning after the killing of four of her employees, when she said: “I asked myself — how could this happen? How could this happen in a country we helped liberate, in a city we helped save from destruction? This question reflects just how complicated and, at times, how confounding the world can be. But we have to be clear-eyed, even in our grief.” But some things are confounding only to those suppressing their own responsibility for untold death and misery abroad. Secretary Clinton continues to preen about the U.S. role in the attack on Libya. And, of Gadhafi’s gory death, she exclaimed on camera with a joyous cackle, “We came; we saw; he died.” Can it come as a surprise to Clinton that this kind of attitude and behavior can set a tone, spawning still more violence?
  • At Tuesday’s hearing, Kucinich noted that in Libya “we intervened, absent constitutional authority.” Most of his colleagues reacted with the equivalent of a deep yawn, as though Kucinich had said something “quaint” and “obsolete.” Like most of their colleagues in the House, most Oversight Committee members continue to duck this key issue, which directly involves one of the most important powers/duties given the Congress in Article I of the Constitution. Such was their behavior last Tuesday, with most members preferring to indulge in hypocritical posturing aimed at scoring cheap political points. Palpable in that hearing room was one of the dangers our country’s Founders feared the most — that, for reasons of power, position and money, legislators might eventually be seduced into the kind of cowardice and expediency that would lead them to forfeit their power and their duty to prevent a president from making war at will. Many of those now doing their best to make political hay out of the Benghazi “scandal” are the same legislators who appealed strongly for the U.S. to bomb Libya and remove Gadhafi. This, despite it having been clear from the start that eastern Libya had become a new beachhead for al-Qaeda and other terrorists. From the start, it was highly uncertain who would fill the power vacuums in the east and in Tripoli.
  • As Congress failed to exercise its constitutional duties — to debate and vote on wars — Obama, along with his Defense Secretary Leon Panetta and Hillary Clinton, took a page out of the Bush/Cheney book and jumped into a new war. Just don’t call it war, said the White House. It’s merely a “kinetic humanitarian action.” You see, our friends in Europe covet that pure Libyan oil and Gadhafi had been a problem to the West for a long time. So, it was assumed that there would be enough anti-Gadhafi Libyans that a new “democratic” government could be created and talented diplomats, like Ambassador Christopher Stevens, could explain to “the locals” how missiles and bombs were in the long-term interest of Libyans.
  • On Libya, the Obama administration dissed Congress even more blatantly than Cheney and Bush did on Iraq, where there was at least the charade of a public debate, albeit perverted by false claims about Iraq’s WMDs and Saddam Hussein’s ties to al-Qaeda. And so Defense Secretary Panetta and Secretary of State Clinton stepped off cheerily to strike Libya with the same kind of post-war plan that Cheney, Bush, and then-Defense Secretary Donald Rumsfeld had for Iraq — none. Small wonder chaos reigns in Benghazi and other parts of the country. Can it be that privileged politicians like Clinton and Panetta and the many “one-percenters” in Congress and elsewhere really do not understand that, when the U.S. does what it did to Libya, there will be folks who don’t like it; that they will be armed; that there will be blowback; that U.S. diplomats, given an impossible task, will die?
  • Constitutionally, the craven Congress is a huge part of the problem. Only a few members of the House and Senate seem to care very much when presidents act like kings and send off troops drawn largely by a poverty draft to wars not authorized (or simply rubber-stamped) by Congress. Last Tuesday, Kucinich’s voice was alone crying in the wilderness, so to speak. (And, because of redistricting and his loss in a primary that pitted two incumbent Democrats against each other, he will not be a member of the new Congress in January.) This matters — and matters very much. At a hearing of the Senate Armed Services Committee on March 7, Sen. Jeff Sessions, R-Alabama, pursued this key issue with Panetta and Joint Chiefs Chairman Gen. Martin Dempsey. Chafing ex post facto at the unauthorized nature of the war in Libya, Sessions asked repeatedly what “legal basis” would the Obama administration rely on to do in Syria what it did in Libya. Watching that part of the testimony it seemed to me that Sessions, a conservative Southern lawyer, was not at all faking when he pronounced himself “almost breathless,” as Panetta stonewalled time after time. Panetta made it explicitly clear that the administration does not believe it needs to seek congressional approval for wars like Libya. At times he seemed to be quoting verses from the Book of Cheney.
  • Sessions: “I am really baffled … The only legal authority that’s required to deploy the U.S. military [in combat] is the Congress and the president and the law and the Constitution.” Panetta: “Let me just for the record be clear again, Senator, so there is no misunderstanding. When it comes to national defense, the president has the authority under the Constitution to act to defend this country, and we will, Sir.” (If you care about the Constitution and the rule of law, I strongly recommend that you view the entire 7-minute video clip.)
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John Podesta Was Warned in 2008 to Start Encrypting Sensitive Emails - 0 views

  • John Podesta, the Clinton campaign chairman whose hacked emails have exposed countless Democratic secrets to the world, was warned in 2008 to start protecting sensitive documents “by at least encrypting them.” The warning came in an unencrypted email chain forwarded by Denis McDonough, then a top Obama campaign aide and currently the White House chief of staff, to Podesta, who at the time was running Obama’s transition team. McDonough initially sent the warning to Obama economic adviser Daniel Tarullo in an email on November 3, 2008, the day before President Obama’s election victory, presumably in response to a detailed November 2 memo Tarullo sent around about the upcoming G-20 meeting President Bush had called to discuss the ongoing financial crisis. McDonough wrote: I was struck by the memo partly because it was first I had heard of it but much more because it was a sensitive doc bumping around on public email addresses. There is a very real threat to the security of our documents (particularly sensitive ones like the one you worked up), and we need to protect them by at least encrypting them.
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Iraq joins Iran in opposing U.S.-led military strike in Syria - The Washington Post - 0 views

  • Iran won Iraqi support for its efforts to oppose a U.S.-led military strike on Syria during a visit to Baghdad on Sunday by the new Iranian foreign minister, highlighting how close the two countries have grown since U.S. forces withdrew in 2011. Speaking during his first visit abroad since he was appointed last month, Iranian Foreign Minister Mohammad Javed Zarif warned that U.S. intervention in Syria risks igniting a regionwide war.
  • “Those who are short-sighted and are beating the drums of war are starting a fire that will burn everyone,” Zarif said during a news conference.Standing alongside him, Iraqi Foreign Minister Hoshyar Zebari said all of Syria’s neighbors, including Iraq, would be harmed by American involvement in Syria’s two-year-old conflict. “What I can say conclusively is that Iraq will not be a base for any attack, nor will it facilitate any such attack on Syria,” Zebari told reporters after holding talks with Zarif.
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    This would be funny if the consequences of war were not so horrible. Viewing the situation through a very big telescope from Mars, we begin with the Neocons and Zionist Israelis hijacking the U.S. military to invade and conquer Iraq, and thereby break the OPEC oil monopoly by pumping more oil from Iraq and selling  oil cheap on the market. But Big Oil, recognizing the threat to its profits if oil supply is increased and the prices depressed, hires James Baker, chief of White House staff under Reagan and Bush I. Baker has a short meeting with Bush Jr. and the Neocon/Zionist Israeli dream of breaking OPEC and restoring cheap oil is abruptly terminated. The Iraq War is no longer about changes in the oil supply and prices. But  the Neocons in the Bush II administration are stuck with the war they started. They waffle and delay, with the theater of Saddam Hussein's capature and execution, until Barack Obama comes into office, push for a "surge" to save the war effort, then when that fails reluctantly collaborate in U.S. withdrawal from Iraq. Their efforts to maintain a covert military presence hiding under the cover of the world's largest U.S. Embassy comes to a screeching halt when the new Iraqi government they had installed refuses to immunize U.S. soldiers and citizens from criminal prosecution. The U.S. exits Iraq. Now the Iraq government that the Neocon/Israeli Zionists installed aligns itself with Iraq and Syria against the U.S. military strikes on Syria that Israel wants. Iraq and Syria had been the two major remaining obstacles to Israeli hegemony and empire in the Mideast.   Then the Neocons/Israeli Zionists changed Iraq from a secular state to a Shia Muslim state with a for-all-pracitical-purposes-independent Kurdish state in the north. Now suddenly, those two major obstacles become three, as Iraq moves farther from the U.S. and closer toward Shia Iran and secular Syria, because of a sequence of events the Neocon/Israeli Zionists had set in motion ag
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Farsnews - 0 views

  • "The Iranian Army's naval fleets have already started their voyage towards the Atlantic Ocean via the waters near South Africa," Commander of Iran's Northern Navy Fleet Admiral Afshin Rezayee Haddad announced on Saturday. The admiral, who is also the commander of the Iranian Army's 4th Naval Zone said, "Iran's military fleet is approaching the United States' maritime borders, and this move has a message." In September 2012, Iran's Navy Commander Rear Admiral Habibollah Sayyari reiterated Iran's plans for sailing off the US coasts to counter the US presence in its waters in the Persian Gulf. Sayyari had earlier informed of Tehran's plans to send its naval forces to the Atlantic to deploy along the US marine borders, and in September 2012 he said that this would happen "in the next few years". The plan is part of Iran's response to Washington's beefed up naval presence in the Persian Gulf. The US Navy's 5th fleet is based in Bahrain - across the Persian Gulf from Iran - and the US has conducted two major maritime war games in the last two years.
  • In September 2011, Sayyari had announced that the country planned to move vessels into the Atlantic Ocean to start a naval buildup "near maritime borders of the United States". "Like the arrogant powers that are present near our maritime borders, we will also have a powerful presence close to the American marine borders," Sayyari said. Speaking at a ceremony marking the 31st anniversary of the start of the 1980-1988 war with Iraq, Sayyari gave no details of when such a deployment could happen or the number or type of vessels to be used. Sayyari had first announced in July, 2011 that Iran was going to send "a flotilla into the Atlantic".
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    Iran adds to its leverage in negotiations with the U.S. over the Iranian nukes myth.  Should the U.S. decide to launch missiles against Iran, Iran will be positioned to launch a few of its own at the U.S. East Coast before the Iranian naval forces are neutralized.
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Keith Alexander Refutes Claims NSA Doesn't Get Cell Data | emptywheel - 0 views

  • Eight days ago, the country’s four major newspapers reported a claim that the NSA collected 33% or less of US phone records (under the Section 215 program, they should have specified, but did not) because it couldn’t collect most cell phone metadata:
  • Since that time, I have pointed to a number of pieces of evidence that suggest these claims are only narrowly true: A WSJ article from June made it clear the cell gap, such as it existed, existed primarily for Verizon and T-Mobile, but their calls were collected via other means (the WaPo and NYT both noted this in their stories without considering how WSJ’s earlier claim it was still near-comprehensive contradicted the 33% claim) The NSA’s claimed Section 215 dragnet successes — Basaaly Moalin, Najibullah Zazi, Tsarnaev brothers — all involved cell users
  • Identifying Moalin via the dragnet likely would have been impossible if NSA didn’t have access to T-Mobile cell data The phone dragnet orders specifically included cell phone identifiers starting in 2008 Also since 2008, phone dragnet orders seem to explicitly allow contact-chaining on cell identifiers, and several of the tools they use with phone dragnet data specifically pertain to cell phones
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  • Now you don’t have to take my word for it. Here’s what Keith Alexander had to say about the claim Friday: Responding to a question about recent reports that the NSA collects data on only 20% to 30% of calls involving U.S. numbers, Alexander acknowledged that the agency doesn’t have full coverage of those calls. He wouldn’t say what fraction of the calls NSA gets information on, but specifically denied that the agency is completely missing data on calls made with cell phones. “That part is not true,” he said. “We don’t get it all. We don’t get 100% of the data. It’s not where we want it to be, but it has been sufficient to go after the key targets that we’re going after.” [my emphasis] Admittedly, Alexander is not always entirely honest, so it’s possible he’s just trying to dissuade terrorists from using cellphones while the NSA isn’t tracking them. But he points to the same evidence I did — that NSA has gotten key targets who use cell phones.
  • There’s something else Alexander said that might better explain the slew of claims that it can’t collect cell phone data. The NSA director, who is expected to retire within weeks, indicated that some of the gaps in coverage are due to the fact that the NSA “paused any changes to the program” during the recent controversy and discussions about restructuring the effort. The NSA has paused changes to the program. This echoes WaPo and WSJ reports that crises (they cited both the 2009 and current crisis) delayed some work on integrating cell data, but suggests that NSA was already making changes when the Snowden leaks started.
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Larry Summers and the Secret "Bankster End Game" Memo : http://goo.gl/wDhDhL - 1 views

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    Diigo is screwing up the URL AGAIN!!!!! WTF!!! The correct title is "Larry Summers and the Secret "End-Game" Memo :: http://goo.gl/wDhDhL From the marbux treasure trove of truth we have financial expert Greg Palast describing how the Banksters engineered the 2008 World Financial Collapse. Greg names names, sighting an important 1997 memo signed by then Deputy Treasury Secretary, Larry Summers. The memo describes the Banksters "end game", and authorizes pulling the trigger on a process of forcing the world's financial institutions to accept the game of derivative roulette where high risk financial schemes and casino bets had to be accepted as "financial assets". Good story and as from everything I know, the absolute truth. Read it carefully because these same Banksters control the Obama Administration and seek to continue the great shakedown. One item of note is the recent resignation of Larry Summers as Obama nominee to head the Federal Reserve Bankster Cartel. Summers is one of the architects of the 2008 financial collapse, but is seen be Wall Street as hesitant to continue with the current Bernake flooding of the money markets with $85 Billion per month in freshly minted paper. Even the hint of rolling back the Bankster bailout a bit is enough to do in Summers. alternative Fed Banster Czar Janette Yellin promises to up the $85 Billion monthly bailout, and Wall Street celebrated with a near doubling of trades. We're so screwed! We started the "Socialism and the End of the American Dream" Diigo group in September of 2008 as an effort to understand the financial collapse. In this short article, Greg Palast summarizes the story and places the important facts on the table for all to see. Pray with me for his health and safety. excerpt: "The year was 1997.  US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks.  That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial ba
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    Related link: Summers Withdraws From Consideration for Fed Chairmanship, http://www.bloomberg.com/news/2013-09-15/obama-said-he-accepted-summers-decision-to-withdraw-his-name.html
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    From the marbux treasure trove of truth we have financial expert Greg Palast describing how the Banksters engineered the 2008 World Financial Collapse. Greg names names, sighting an important 1997 memo signed by then Deputy Treasury Secretary, Larry Summers. The memo describes the Banksters "end game", and authorizes pulling the trigger on a process of forcing the world's financial institutions to accept the game of derivative roulette where high risk financial schemes and casino bets had to be accepted as "financial assets". Good story and as from everything I know, the absolute truth. Read it carefully because these same Banksters control the Obama Administration and seek to continue the great shakedown. One item of note is the recent resignation of Larry Summers as Obama nominee to head the Federal Reserve Bankster Cartel. Summers is one of the architects of the 2008 financial collapse, but is seen be Wall Street as hesitant to continue with the current Bernake flooding of the money markets with $85 Billion per month in freshly minted paper. Even the hint of rolling back the Bankster bailout a bit is enough to do in Summers. alternative Fed Banster Czar Janette Yellin promises to up the $85 Billion monthly bailout, and Wall Street celebrated with a near doubling of trades. We're so screwed! We started the "Socialism and the End of the American Dream" Diigo group in September of 2008 as an effort to understand the financial collapse. In this short article, Greg Palast summarizes the story and places the important facts on the table for all to see. Pray with me for his health and safety. excerpt: "The year was 1997.  US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks.  That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks.  It was like replacing bank vaults with roulette wheels. Second, the banks wanted the right to play a new high-risk game:  "d
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Asia Times Online :: Middle East News, Iraq, Iran current affairs - 2 views

  • There is nothing tragic about the Obama presidency, capable of drawing the analytical talents of a neo-Plutarch or a neo-Gibbon. This is more like a Pirandello farce, a sort of Character in Search of An Author. Candidates to Author are well documented - from the Israel lobby to the House of Saud, from a select elite of the industrial-military-security complex to, most of all, the rarified banking/financial elite, the real Masters of the Universe. Poor Barack is just a cipher, a <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> functionary of empire, whose ''deciding'' repertoire barely extends to what trademark smile to flash at the requisite photo-ops. There's nothing ''tragic'' about the fact that during this week - marking the 12th anniversary of 9/11 - this presidency will be fighting for its bombing ''credibility'' trying to seduce Republican hawks in the US Congress while most of the warmongers du jour happen to be Democrats.
  • Republicans are torn between supporting the president they love to hate and delivering him a stinging rebuke - as much as they are aching to follow the orders of their masters, ranging from the American Israel Public Affairs Committee to military contractors. Once again, this is farce - caused by the fact that a man elected to finish off wars is eager to start yet another one. And once again without a United Nations vote. The White House ''strategy'' in this crucial negotiating week boils down to this; to convince the US Congress that the United States must start a war on Syria to punish an ''evil dictator'' - once again, as bad as Hitler - for gassing children. The evidence? It's ''indisputable''. Well, it's not ''irrefutable''. It's not even ''beyond-a-reasonable-doubt''. As Obama's Chief of Staff Denis McDonough admitted, with a straight face, it boils down to ''a quite strong common sense test, irrespective of the intelligence, that suggests that the regime carried this out''. So if this is really about ''common sense'', the president is obviously not being shown by his close coterie of sycophants this compendium of common sense, compiled by a group of top, extremely credible former US intelligence officials, which debunks all the ''evidence'' as flawed beyond belief. To evoke a farce from 12 years ago, this clearly seems to be a case of ''facts being fixed around the policy''.
  • The Arab street doesn't buy it because they clearly see through the hypocrisy; the desperate rush to ''punish'' the Bashar al-Assad government in Syria while justifying everything the apartheid state of Israel perpetrates in occupied Palestine. The Muslim world doesn't buy it because it clearly sees the demonization only applies to Muslims - from Arafat to bin Laden to Saddam to Gaddafi and now Assad. It would never apply to the military junta in Myanmar, which was clever enough to engineer an ''opening''; the next day Westerners were lining up to kiss the hem of Burmese longyis. It would never apply to the Islam Karimov dictatorship in Uzbekistan because ''we'' always need to seduce him as one of our bastards away from Russia and China. It eventually applies, on and off, to the Kim dynasty in North Korea, but with no consequences - because these are badass Asians who can actually respond to an US attack. Informed public opinion across the developing world does not buy it because they clearly see, examining the historical record, that Washington would never really be bothered with the sorry spectacle of Arabs killing Arabs, or Muslims killing Muslims, non-stop. The 1980-1988 Iran-Iraq war is a prime piece of evidence.
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  • Then there's the ''credibility'' farce. The Obama administration has convoluted the whole world in its own self-spun net, insisting that the responsibility for the ''red line'' recklessly drawn by the president is in fact global. Yet the pesky ''world'' is not buying it.
  • At the Group of 20 summit last week, the BRICS group of emerging powers - Brazil, Russia, India, China and South Africa - as well as Indonesia and Argentina, clearly stressed that a war on Syria without UN Security Council approval would qualify Obama as a war criminal. Even among the European poodles ''support'' for the White House is extremely qualified. Germany's Angela Merkel and even France's attack dog Francois Hollande said the primacy is with the UN. The European Union as a whole wants a political solution. It's enlightening to remember that the EU in Brussels can issue arrest warrants for heads of EU governments guilty of war crimes. Someone in Paris must have warned attack dog Hollande that he would not welcome the prospect of slammer time. ''Evil'' as a political category is something worthy of the brain dead. The key question now revolves around the axis of warmongers - Washington, Israel and the House of Saud. Will the Israel lobby, the more discreet but no less powerful Saudi lobby, and the Return of the Living Dead neo-cons convince the US Congress to fight their war?
  • And then there's the curioser and curioser case of al-Qaeda - essentially the Arabic denomination for a CIA database of US-Pakistani-Saudi trained mujahideen during the 1980s: the oh so convenient transnational bogeyman that ''legitimized'' the Global War On Terror (GWOT) of the George W Bush years; the ''opening'' for al-Qaeda to move to Iraq; and now, no middle men; the CIA and the Obama administration fighting side-by-side with al-Qaeda in Syria. No wonder the denomination ''al-CIAeda'' has gone viral. With farce after farce after farce piling up in their own Tower of Babel, the much-vaunted ''US credibility'' is in itself the biggest farce of all. Politically, no one knows how the vacuum will be filled. It won't be via the UN. It won't be via the BRICS. It won't be via the G-20 - which is seriously divided; at least new multipolar players are carrying way more weight than US poodles. Much would be made to restore ''US credibility'' if the Obama administration had the balls to force both the House of Saud and Qatar (''300 people and a TV station'', in the epic definition of Saudi Arabia's Prince Bandar Sultan - aka Bandar Bush) to end once and for all their weaponizing of hardcore ''rebels'' and ultimately hardcore jihadis, and accept Iran in the negotiating table for a real Geneva II peace process in Syria. It won't happen because this bypasses farce. Once again; helpless Barack is just a paperboy. The plutocrats in charge are getting extremely nervous. The system is melting - and they need to act fast.
  • They need a Syria as docile as the Arab petro-monarchies. They want to hit Russia bad - and then discuss missile defense and Russian influence in Eastern Europe from a position of force. They want to hit Iran bad - and then continue to issue ultimatums from a position of force. They want to facilitate yet another Israeli attempt to capture southern Lebanon (it's the water, stupid). They want a monster gas pipeline from Qatar for European customers bypassing Iran and Syria as well as Gazprom. Most of all, this is all about control of natural resources and channels of distribution. These are real motives - and they have nothing to do with farce. Farce is only deployed to kill any possibility of real diplomacy and real political discussion. Farce is a theatrical mask - as in ''humanitarian'' imperialism - the ''acceptable'' version of the Dick Cheney-run years. It's as if Dick Cheney had never left the building; paperboy Barack is Dick Cheney with a ''human'' face. The only good outcome in this multi-sorrowful tale is that the real ''international community'', all around the world, has seen the naked Emperor in all its (farcical) glory.
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    What can I say? The iconoclastic Pepe Escobar strikes again. 
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    Outstanding article Paul. Wow! Watching the 911 link now. But here's one for you: Massimo Mazzucco's new 5-hour documentary "September 11- The New Pearl Harbor" summarizes 12 years of public debate on 9-11, looking at the events from all sides. Watch a trailer for the film here: http://goo.gl/M5c0dj Full five hours available here: http://www.luogocomune.net/site/modules/sections/index.php?op=viewarticle&artid=167 I listened to a two hour interview with Massimo last night. Awesome stuff.
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    A 5-hour documentary will have to wait for tomorrow. I'm about 7 hours away from a deadline for the current development cycle's Help file. :-) I do think Pepe is a off on a couple of details in this article. The Neocons were mostly silent on this one and Rumsfeld came out against the intervention, saying that Obama hadn't made a valid case for war. That's most likely because the Neocons are joined at the hip with Israeli government and that government is a house divided this time around, with only factions supporting the military strike. The current thinking in Tel Aviv/Jerusalem is, in line with the Israeli right's long term strategy, that it's just fine with them to have Muslims running around killing each other in Syria. That long-term strategy is to destabilize Israel's Arab neighbor states while Israel builds its economic empire and military hegemony in the region. Israeli government isn't exactly thrilled by the prospect of Obama delivering fulfillment of the Saudi goal of transforming Syria from a secular state into a non-secular Islamic state run by Wahabi extremists. Such a state, armed to the teeth by the U.S. and/or the Saudi-Qatari zillionaires could be very bad news for Israel. Notably, the very strongest case thus far that the August 21 chemical attack was conducted by the opposition forces with the U.S. and Syria in on it to create a false flag attack, has been delivered in installments by Yossef Bodansky, an Israeli-American uber-scholar of Islamic "terrorism" and Soviet/Russian weaponry who is incapable of criticising Israel's decades-long terrorism inflicted on the Palestinian people and Israel's continuing unlawful occupation of Palestine plus parts of Jordan, Syria, and Lebanon. Bodanysky sits at the center of an intelligence web of intelligence professionals from nations worried about Islamic "terrorism." In other words, he's extremely pro-Israeli and to boot, very close to Mossad and Israel's IDF intelligence forces. Israel's AIPAC lobby d
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The Greatest Danger to Israel is the Stupidity of Its Leaders » CounterPunch:... - 0 views

  • The greatest danger to Israel is not the putative Iranian nuclear bomb. The greatest danger is the stupidity of our leaders. This is not a uniquely Israeli phenomenon. A great many of the world’s leaders are plain stupid, and always have been. Enough to look at what happened in Europe in July 1914, when an incredible accumulation of stupid politicians and incompetent generals plunged humanity into World War I. But lately, Binyamin Netanyahu and almost the entire Israeli political establishment have achieved a new record in foolishness.
  • Much has been said about the total dependence of Israel on the US in almost all fields. But to grasp the immensity of the folly, one aspect in particular must be mentioned. Israel controls, in effect, the access to the US centers of power. All nations, especially the smaller and poorer ones, know that to enter the halls of the American Sultan, in order to get aid and support, they have to bribe the doorkeeper. The bribe may be political (privileges from their ruler), economic (raw materials). diplomatic (votes in the UN), military (a base or intelligence “cooperation”), or whatever. If it is big enough, AIPAC will help to gain support from Congress. This unparalleled asset rests solely on the perception of Israel’s unique position in the US. Netanyahu’s unmitigated defeat on US relations with Iran has badly damaged, if not destroyed, this perception. The loss is incalculable.
  • I am tempted to boast that more than two years ago I wrote that any military attack on Iran, either by Israel or the US, is impossible But it was not prophesy, inspired by some unknown deity. It was not even very clever. It was just the result of a simple look at the map. The Strait of Hormuz. Any military action against Iran was bound to lead to a major war, something in the category of Vietnam, in addition to the collapse of world oil supplies. Even if the US public had not been so war weary, in order to start such an adventure one would not only have to be a fool, but practically mad. The military option is not “off the table” – it never was “on the table”. It was an empty pistol, and the Iranians knew this well.
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  • The loaded weapon was the sanctions regime. It hurt the people. It convinced the supreme leader, Ali Husseini Khamenei, to completely change the regime and install a new and very different president. The Americans realized this, and acted accordingly. Netanyahu, obsessed with the bomb, did not. Worse, he still does not. If it is a symptom of madness to keep trying something that has failed again and again, we should start to worry about “King Bibi”. To save itself from the image of utter failure, AIPAC has started to order its senators and congressmen to work out new sanctions to be instituted in some indefinite future.
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    One of the most astute analyses of current internal Israeli politics I have read in a long time, by an Israeli. He paints a convincing picture of the reasons Obama had to deny Netanyahu the war against Iran that Bibi so desired and why Netanyahu has done such serious harm to Israel itself by demanding what could not be given by Obama. Even the formidable Israel Lobby in the U.S. was not powerful enough to endanger the Straits of Hormuz and the global economy; the banksters and Big Oil trump even the Israel Lobby.  
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Asia Times Online :: World Affairs - 0 views

  • By Pepe Escobar Let's start with a flashback to February 1992 - only two months after the dissolution of the Soviet Union. First draft of the US government's Defense Planning Guidance. It was later toned down, but it still formed the basis for the exceptionalist dementia incarnated by the Project for the New American Century; and also reappeared in full glory in Dr Zbig "Let's Rule Eurasia" Brzezinski's 1997 magnum opus The Grand Chessboard. It's all there, raw, rough and ready: Our first objective is to prevent the reemergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> the order of that posed by the Soviet Union. This ... requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power. These regions include Western Europe, East Asia, the territory of the former Soviet Union, and Southwest Asia.
  • By Pepe Escobar Let's start with a flashback to February 1992 - only two months after the dissolution of the Soviet Union. First draft of the US government's Defense Planning Guidance. It was later toned down, but it still formed the basis for the exceptionalist dementia incarnated by the Project for the New American Century; and also reappeared in full glory in Dr Zbig "Let's Rule Eurasia" Brzezinski's 1997 magnum opus The Grand Chessboard. It's all there, raw, rough and ready: Our first objective is to prevent the reemergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> the order of that posed by the Soviet Union. This ... requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power. These regions include Western Europe, East Asia, the territory of the former Soviet Union, and Southwest Asia.
  • That's all one needs to know about the Obama administration's "pivoting to Asia", as well as the pivoting to Iran ("if we're not going to war", as US Secretary of State John Kerry let it slip) and the pivoting to Cold War 2.0, as in using Ukraine as a "new Vietnam" remix next door to Russia. And that's also the crucial context for Obama's Pax Americana Spring collection currently unrolling in selected Asian catwalks (Japan, South Korea, Malaysia and Philippines).
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  • The Spring collection is far from derailing other pivoting - whose latest offering is the current "anti-terrorist" campaign in eastern Ukraine by the Kiev regime changers, which follows a most curious calendar. CIA's John Brennan hits Kiev, and the regime changers launch their first war on terra. Dismal failure ensues. Vice President Joe Biden visits Kiev and the regime changers, right on cue, relaunch their war on terra. Thus the pivoting to Cold War 2.0 proceeds unabated, as in Washington working hard to build an iron curtain between Berlin and Moscow - preventing further trade integration across Eurasia - via instigation of a civil war in Ukraine. German Chancellor Angela Merkel remains on the spot: it's either Atlantic high-fidelity or her Ostpolitik - and that's exactly where Washington wants her.
  • How's Beijing reacting to all this hysteria? Simple: by reaping dividends. Beijing wins with the US offensive trying to alienate Moscow from Western markets by getting a better pricing deal on the supply of Eastern Siberian gas. Beijing wins from the European Union's fear of losing trade with Russia by negotiating a free-trade agreement with its largest trading partner, which happens to the be the EU. And then, the sterling example. Just compare Obama's Spring collection tour, as a pivoting appendix, to the current tour of Cuba, Venezuela, Brazil and Argentina by Chinese Foreign Minister Wang Yi. It's a business bonanza, focused on bilateral financing and, what else, trade deals. It's all in the mix: Peruvian and Chilean copper; Brazilian iron and soybeans; support for Venezuelan social programs and energy development; support for Cuba in its interest for greater Chinese involvement in Venezuela, which supplies Cuba with subsidized energy.
  • And all this against the background of a Beltway so excited that the Chinese economy is in deep trouble. It's not - it grew at 7.4% year-on-year for the first quarter of 2014. Demand for iron and copper won't significantly slow down - as the Beijing-driven urbanization drive has not even reached full speed. Same for soybeans - as millions of Chinese increasingly start eating meat on a regular basis (soybean products are a crucial feedstock). And, of course, Chinese companies will not losee their appetite for diversifying all across South America. For the large, upcoming Chinese middle class - on their way to becoming full-fledged members of the number one economic power in the world by 2018 - this Spring collection is a non-starter. He or she would rather hit Hong Kong and queue up in Canton Road to buy loads of Hermes and Prada - and then strategically celebrate with Jiro quality, non-Fukushima-radiated, sushi.
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    Escobar's point that for the U.S., Ukraine is about building an iron curtain between Russia and the E.U. should not be missed. 
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MAJOR DEVELOPMENT: Rand Paul, Ron Wyden to Introduce 28 Pages Resolution in Senate | 28... - 0 views

  • The growing, nonpartisan drive to declassify a 28-page finding on foreign government support of the 9/11 hijackers is about to take an enormous step forward with the introduction of a Senate resolution urging the president to release the material to the public. Dramatically compounding the issue’s visibility, the resolution is being introduced by high-profile Republican presidential hopeful Rand Paul of Kentucky. A spokesperson for Senator Paul told 28Pages.org that Oregon Democrat Ron Wyden will cosponsor the resolution, which will serve as the upper chamber’s companion to House Resolution 14. Wyden is a member of the Senate intelligence committee.
  • ones, Lynch and Massie introduced H.Res.14 and have been championing the issue—and seeking like-minded senators to lead the cause in the upper chamber—since December 2013. Aided by Graham, who co-chaired the joint congressional 9/11 inquiry that wrote the 28 pages as one chapter in a far larger report, their success in securing the leadership of Paul and Wyden represents a critical milestone for the 28 pages movement. As Paul and Wyden seek cosponsors for the resolution, there are 11 senators whose support should—on principle, if not politics—be automatic:  Patrick Leahy (VT), Barbara Mikulski (MD), Harry Reid (NV), Barbara Boxer (CA), Patty Murray (WA), Dick Durbin (IL), Jack Reed (RI), Chuck Schumer (NY), Bill Nelson (FL), Tom Carper (DE) and Maria Cantwell (WA). 
  • What do these 11 Democrats have in common? Months after the December 2002 release of the congressional intelligence report that holds the 28 pages, each of them signed a 2003 letter to President George W. Bush protesting his decision to redact the 28 pages and urging him to release them. In part, that letter read: Unfortunately, because all but two pages of the entire section have been deemed too secret for public disclosure, the American people remain in the dark about other countries that may have facilitated the terrorist attacks. It has been widely reported in the press that the foreign sources referred to in this portion of the Joint Inquiry analysis reside primarily in Saudi Arabia. The decision to classify this information sends the wrong message to the American people about our nation’s anti-terror effort and makes it seem as if there will be no penalty for foreign abettors of the hijackers…Protecting the Saudi regime by eliminating any public penalty for the support given to terrorists from within its borders would be a mistake.
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  • Among those 11 natural candidates to join the Paul-Wyden resolution, one stands out: Schumer led the 2003 letter-writing effort. At the time, he said, “The bottom line is that keeping this material classified only strengthens the theory that some in the U.S. government are hellbent on covering up for the Saudis. If we’re going to take terrorism down, that kind of behavior has got to be nipped in the bud and shedding some light on these 28 pages would start that process.”
  • Former Senator Graham and House leaders of the 28 pages movement who’ve read the 28 pages argue that their release is vital to the ongoing struggle with terrorism. According to Graham, “the 28 pages primarily relate to who financed 9/11 and they point a very strong finger at Saudi Arabia as being the principal financier.” He has also said the U.S. government’s shielding of Saudi Arabia’s role in funding extremism helped pave the way for the rise of ISIS. The House’s Lynch made a similar point in a 2014 story written by the Boston Globe’s Bryan Bender:
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    I suspect that Mr. Obama won't be eager to make the Saudis the patsies  for what it really looks like Israel's far right government and some colaborators in high levels of U.S. government made happen on 9-11.  Heavens! The Saudis might start selling selling their oil in something other than U.S. dollars and bring down the Western banksters house of cards. 
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The Dynastic Hillary Bandwagon » CounterPunch: Tells the Facts, Names the Names - 0 views

  • by RALPH NADER The Hillary Clinton for President in 2016 bandwagon has started very early and with a purpose. The idea is to get large numbers of endorsers, so that no Democratic Primary competitors dare make a move. These supporters include Senator Chuck Schumer (D-NY), financier George Soros and Ready for Hillary, a super PAC mobilizing with great specificity (already in Iowa). Given this early bird launch, it is important to raise the pressing question: Does the future of our country benefit from Hillary, another Clinton, another politician almost indistinguishable from Barack Obama’s militaristic, corporatist policies garnished by big money donors from Wall Street and other plutocratic canyons? There is no doubt the Clintons are syrupy political charmers, beguiling many naïve Democrats who have long been vulnerable to a practiced set of comforting words or phrases camouflaging contrary deeds.
  • Many Wall Streeters like Hillary Clinton. Expecting their ample contributions, and socializing with their business barons, it is not surprising that Hillary Clinton avoids going after the crooked casino capitalism that collapsed the economy, drained investors, pensions, jobs and taxpayer bailouts. Hillary Clinton is a far cry from the stalwart Senator Elizabeth Warren on this towering pattern of unaccountable corporate abuse.
  • A Clinton Coronation two years or more before the 2016 elections will stifle any broader choice of competitive primary candidates and more important a more progressive agenda supported by a majority of the American people.
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  • Maybe the sugarcoating is starting to wear. Columnist Frank Bruni, writing in the New York Times (Hillary in 2016? Not so Fast), reports her polls are starting to slump. Apparently, as Bruni suggests, she’s being seen as part of the old Washington crowd that voters are souring on. As I wrote to Hillary Clinton in early summer 2008, when calls were made by Obama partisans for her to drop out, no one should be told not to run. That’s everyone’s First Amendment right. However, not voting for her is the prudent decision.
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    Nice rundown by Ralph Nader of Hillary Clinton's many sins against the Progressive wing of the Democratic Party base. On the Clinton dynasty issue, Nader might have noted that daughter Chelsea married a former Goldman Sachs bankster in 2010, now a partner in a hedge fund. Chelsea for President in Auction 2020?
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Israel losing Democrats, 'can't claim bipartisan US support,' top pollster warns | The ... - 0 views

  • hree quarters of highly educated, high income, publicly active US Democrats — the so-called “opinion elites” — believe Israel has too much influence on US foreign policy, almost half of them consider Israel to be a racist country, and fewer than half of them believe that Israel wants peace with its neighbors. These are among the findings of a new survey carried out by US political consultant Frank Luntz
  • Detailing the survey results to The Times of Israel on Sunday, Luntz called the findings “a disaster” for Israel. He summed them up by saying that the Democratic opinion elites are converting to the Palestinians, and “Israel can no longer claim to have the bipartisan support of America.” He said he “knew there was a shift” in attitudes to Israel among US Democrats “and I have been seeing it get worse” in his ongoing polls. But the new findings surprised and shocked him, nonetheless. “I didn’t expect it to become this blatant and this deep.” A prominent US political consultant known best for his work with Republicans, Luntz is meeting with a series of high-level Israeli officials this week to discuss the survey and consult on how to grapple with the trends it exposes.
  • “Israel has won the hearts and minds of Republicans in America, while at the same time it is losing the Democrats,” he said. On US politics, “I’m right of center,” he added. “But the Israeli government and US Jews have to focus on repairing relations with the Democrats.” Luntz put a series of largely Israel-related questions to 802 members of the opinion elites and his findings have a 3.5% margin of error. The survey, sponsored by the Jewish National Fund, was conducted last week. Among the key findings: • Asked about Israeli influence on US foreign policy, an overwhelming 76% of Democrats, as compared to 20% of Republicans, said Israel has “too much influence.” • Asked whether Israel is a racist country, 47% of Democrats agreed it is, as opposed to 13% of Republicans. Another 21% of Democrats didn’t know or were neutral (as opposed to 12% of Republicans), and only 32% of Democrats disagreed when asked if Israel is a racist country, as opposed to 76% of Republicans. (Overall 32% of those polled said Israel is a racist country.)
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  • • Asked whether Israel wants peace with its neighbors, while an overwhelming 88% of Republicans said it does, a far lower 48% of Democrats agreed. Another 21% of Democrats didn’t know or were neutral (as compared to 7% of Republicans). And 31% of Democrats did not think Israel wants peace (as compared to 5% of Republicans). • Asked whether they would be more likely to vote for a local politician who supported Israel and its right to defend itself, an overwhelming 76% of Republicans said yes, but only 18% of Democrats said yes. Meanwhile, only 7% of Republicans — but 32% of Democrats — said they would be less likely to support a local politician who backed Israel. • Asked whether they would be more likely to vote for a local politician who criticized Israeli occupation and mistreatment of Palestinians, 45% of Democrats said yes, compared to just 6% of Republicans. Asked whether they would be less likely to vote for a local politician who criticized Israeli occupation and mistreatment of Palestinians, a whopping 75% of Republicans said yes, compared to just 23% of Democrats.
  • • Asked whether the US should support Israel or the Palestinians, a vast 90% of Republicans and a far lower 51% of Democrats said Israel. Another 8% of Republicans and 31% of Democrats were neutral. And 18% of Democrats said the Palestinians, compared to 2% of Republicans. Overall, 68% of those polled said the US should support Israel, and 10% said the US should support the Palestinians. • Asked about which side they themselves support, 88% of Republicans and 46% of Democrats said they were “pro-Israeli” while 4% of Republicans and 27% of Democrats said they were “pro-Palestinian.” • Asked if settlements are an impediment to peace, 75% of Democrats and 25% of Republicans agreed.
  • A specialist in finding and testing the language that can impact public opinion, Luntz was vehement that Israel’s “messaging” has to be different if support for Israel among US Democrats is to be revived. “Obviously, policy has something to do with it, but the messaging is critical,” he said. “And the Republicans have to realize that their rhetoric is part of the problem: It’s not security that needs to be highlighted, but [Israel’s] social justice and human rights.” Underlining Israel’s role in protecting human rights and promoting equality could be particularly resonant, he said. The “words that work best” among Republicans, he said, are those along the lines of, “Israel is our strongest ally in the Middle East, and attempts to destroy the country economically and politically could do direct harm to the United States.” By contrast, the “words that work best” among Democrats are those to the effect that, “We should be encouraging more communication and cooperation, not less. We should be encouraging more diplomacy and discussion, not less.”
  • More specifically, when it comes to the most effective messaging, Luntz found that the statement “Women in Israel have exactly the same rights as men. No other Middle Eastern country offers women fully equal rights” was particularly well received among Democrats, as was the declaration, “Everyone in Israel is free to practice their religion and worship their God. No other Middle Eastern country offers similar religious protections.” By contrast, responses were markedly less positive to statements about the need for a Jewish homeland after the Holocaust, Israeli claims to the Holy Land, and Israel’s start-up technology prowess. Widely resonant among all those polled, he found, was the statement that “Despite the ongoing conflict with Gaza, Israel still donates tens of millions in humanitarian aid to Palestinians and opens its hospitals to treat them.”
  • “They don’t care about the ‘Start-Up Nation,'” he said flatly of American opinion elites in general. “It’s tragic that so much effort has been devoted to selling an image of Israel that many aren’t interested in buying.” Still more drastically, Luntz said the word “Zionism” could play no part in messaging designed to repair relations with US Democrats. There has to be an “end to the [use of the] word Zionism,” he said. “You can’t make the case if you use that word. If you are at Berkeley or Brown and start outlining a Zionist vision, you don’t get to make a case for Israel because they’ve already switched off.” He also predicted that Israel is in for “a lot more trouble” from the BDS (Boycott, Divestment & Sanctions) campaign. Once they had been informed about the BDS campaign, 19% of respondents supported it — 31% of Democrats and 3% of Republicans. And, stressed Luntz, 60% of America’s opinion elites said they were not familiar with BDS. “Israel is already having trouble with BDS, and Americans don’t even know what it means. Can you imagine how bad it will get?”
  • He also foresaw a looming battle in the US over foreign aid to Israel. Some 33% of Democrats and 22% of Republicans, his poll found, were upset that “Israel gets billions and billions of dollars in funding from the US government that should be going to the American people.” Luntz also asked whether respondents see anti-Semitism as a problem in the US. Overall, 58% agreed with the idea that anti-Semitism is a problem in America (57% of Republicans and 64% of Democrats), compared to 28% who disagreed. “Non-Jews recognize the problem, even if some Israelis want to minimize it,” he said. Ironically, the poll also found, 50% of Democrats and 18% of Republicans (and 36% of all respondents) agreed with the proposition that “Jewish people are too hyper-sensitive and too often label legitimate criticisms of Israel as an anti-Semitic attack.”
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    So the cure is supposedly "better messaging" rather than substantive reforms in Israel. Anything but behave as a civilized nation. 
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Hillary Clinton Goes to Militaristic, Hawkish Think Tank, Gives Militaristic, Hawkish S... - 0 views

  • Leading Democratic presidential candidate Hillary Clinton this morning delivered a foreign policy speech at the Brookings Institution in Washington. By itself, the choice of the venue was revealing. Brookings served as Ground Zero for centrist think tank advocacy of the Iraq War, which Clinton (along with potential rival Joe Biden) notoriously and vehemently advocated. Brookings’ two leading “scholar”-stars — Kenneth Pollack and Michael O’Hanlon — spent all of 2002 and 2003 insisting that invading Iraq was wise and just, and spent the years after that assuring Americans that the “victorious” war and subsequent occupation were going really well (in April 2003, O’Hanlon debated with himself over whether the strategy that led to the “victory” in his beloved war should be deemed “brilliant” or just extremely “clever,” while in June 2003, Pollack assured New York Times readers that Saddam’s WMD would be found).
  • Since then, O’Hanlon in particular has advocated for increased military force in more countries than one can count. That’s not surprising: Brookings is funded in part by one of the Democratic Party’s favorite billionaires, Haim Saban, who is a dual citizen of the U.S. and Israel and once said of himself: “I’m a one-issue guy, and my issue is Israel.” Pollack advocated for the attack on Iraq while he was “Director of Research of the Saban Center for Middle East Policy.” Saban became the Democratic Party’s largest fundraiser — even paying $7 million for the new DNC building — and is now a very substantial funder of Hillary Clinton’s campaign. In exchange, she’s written a personal letter to him publicly “expressing her strong and unequivocal support for Israel in the face of the Boycott, Divestment and Sanction movement.” So the hawkish Brookings is the prism through which Hillary Clinton’s foreign policy worldview can be best understood. The think tank is filled with former advisers to both Bill and Hillary Clinton, and would certainly provide numerous top-level foreign policy officials in any Hillary Clinton administration. As she put it today at the start: “There are a lot of long-time friends and colleagues who perch here at Brookings.” And she proceeded to deliver exactly the speech one would expect, reminding everyone of just how militaristic and hawkish she is.
  • Clinton proclaimed that she “too [is] deeply concerned about Iranian aggression and the need to confront it. It’s a ruthless, brutal regime that has the blood of Americans, many others and including its own people on its hands.” Even worse, she said, “Its political rallies resound with cries of ‘Death to America.’ Its leaders talk about wiping Israel off the face of the map, most recently just yesterday, and foment terror against it. There is absolutely no reason to trust Iran.” She repeated that claim several times for emphasis: “They vow to destroy Israel. And that’s worth saying again. They vow to destroy Israel.” She vowed that in dealing with Iran, she will be tougher and more aggressive than Reagan was with the Soviet Union: “You remember President Reagan’s line about the Soviets: Trust but verify? My approach will be distrust and verify.” She also explicitly threatened Iran with war if they fail to comply: “I will not hesitate to take military action if Iran attempts to obtain a nuclear weapon, and I will set up my successor to be able to credibly make the same pledge.” She even depicted the Iran Deal as making a future war with Iran easier and more powerful:
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  • Should it become necessary in the future having exhausted peaceful alternatives to turn to military force, we will have preserved and in some cases enhanced our capacity to act. And because we have proven our commitment to diplomacy first, the world will more likely join us. As for Israel itself, Clinton eagerly promised to shower it with a long, expensive, and dangerous list of gifts. Here’s just a part of what that country can expect from the second President Clinton: I will deepen America’s unshakeable commitment to Israel’s security, including our long standing tradition of guaranteeing Israel’s qualitative military edge. I’ll increase support for Israeli rocket and missile defenses and for intelligence sharing. I’ll sell Israel the most sophisticated fire aircraft ever developed. The F-35. We’ll work together to develop and implement better tunnel detection technology to prevent arms smuggling and kidnapping as well as the strongest possible missile defense system for Northern Israel, which has been subjected to Hezbollah’s attacks for years.
  • She promised she “will sustain a robust military presence in the [Persian Gulf] region, especially our air and naval forces.” She vowed to “increase security cooperation with our Gulf allies” — by which she means the despotic regimes in Saudi Arabia, United Arab Emirates and Qatar, among others. She swore she will crack down even further on Hezbollah: “It’s time to eliminate the false distinction that some still make between the supposed political and military wings. If you’re part of Hezbollah, you’re part of a terrorist organization, plain and simple.” Then she took the ultimate pledge: “I would not support this agreement for one second if I thought it put Israel in greater danger.” So even if the deal would benefit the U.S., she would not support it “for one second” if it “put Israel in greater danger.” That’s an unusually blunt vow to subordinate the interests of the U.S. to that foreign nation.
  • But when it comes to gifts to Israel, that’s not all! Echoing the vow of several GOP candidates to call Netanyahu right away after being elected, Clinton promised: “I would invite the Israeli prime minister to the White House during my first month in office to talk about all of these issues and to set us on a course of close, frequent consultation right from the start, because we both rely on each other for support as partners, allies and friends.” She then addressed “the people of Israel,” telling them: “Let me say, you’ll never have to question whether we’re with you. The United States will always be with you.” For good measure, she heaped praise on “my friend Chuck Schumer,” who has led the battle to defeat the Iran Deal, gushing about what an “excellent leader in the Senate” he will make. What’s a little warmongering among friends? Just as was true in her book, she implicitly criticized Obama — who boasts that he has bombed seven predominantly Muslim countries — of being insufficiently militaristic, imperialistic, and violent. She said she wanted more involvement in Syria from the start (though did not call for the U.S. to accept any of its refugees). In a clear rebuke to the current president, she decreed that any criticisms U.S. officials may utter of Israel should be done only in private (“in private and behind, you know, closed doors”), not in public, lest “it open[] the door to everybody else to delegitimize Israel to, you know, pile on in ways that are not good for the — the strength and stability, not just of Israel.” About Russia, she said, “I think we have not done enough” and put herself “in the category of people who wanted us to do more in response to the annexation of Crimea and the continuing destabilization of Ukraine.”
  • Two words that did not come out of Clinton’s mouth during the entire event: “Palestinians” (do they exist?) and “Libya” (that glorious war she supported that was going to be the inspiring template for future “humanitarian interventions” before it predictably destroyed that whole country).
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    Glenn Greenwald tags Hillary pandering to the Chicken Hawk Party
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