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Posts Tagged ‘Afghanistan war’

Did 9/11 Really “Change Everything”?

Did 9/11 Really "Change Everything"?

Courtes of Washington’s Blog

[And see also Washington's 9-11 post if you missed it, here.]

We’ve been told that 9/11 changed everything.

Is it true?

Let’s look:

  • The Afghanistan war was planned before 9/11 (see this and this)
  • Cheney apparently even made Iraqi’s oil fields a national security priority before 9/11
  • Cheney dreamed of giving the White House the powers of a monarch long before 9/11
  • Cheney and Rumsfeld actively generated fake intelligence which exaggerated the threat from an enemy in order to justify huge amounts of military spending long before 9/11. And see this
  • Cheney and the rest of the neocons lamented - before 9/11 - that America could not truly project its power globally without the justification of a "new Pearl Harbor"
  • The decision to threaten to bomb Iran was made before 9/11
  • The government knew that terrorists could use planes as weapons — and had even run its own drills of planes being used as weapons against the World Trade Center and other U.S. high-profile buildings, using REAL airplanes — all before 9/11
  • The government heard the 9/11 plans from the hijackers’ own mouths before 9/11
  • It was known long before 9/11 that torture doesn’t work to produce accurate intelligence, but is an effective way to terrorize people

So did 9/11 really "change everything"? Or was it simply an excuse to implement existing plans? 


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Mainstream Economists: “Mission Accomplished”

Mainstream Economists: "Mission Accomplished"

Courtesy of Washington’s Blog 

Numerous current stories show how disconnected mainstream policy-makers are from reality.

For example, Ryan Grim points out that there is an "unbelievable disconnect" between the American people (who are people are against the Afghanistan war) and Congress and the political elite (gung-ho to escalate this never-ending war): 

Even after the Wikileaks revelations, even though there is no logical reason to be in Afghanistan, even though the war won’t help the economy, and even though most Americans want us to get out, Congress keeps increasing funding for the endless war.

And Alan Blinder (economist, banking consultant and former Vice Chairman of the Board of Governors of the Federal Reserve System) and chief Moody’s economist Mark Zandi wrote a paper yesterday called How We Ended the Great Recession:

How We Ended the Great Recession

A source on Capitol Hill sent this to me, telling me that the paper is making the rounds on the Hill.

In the paper, Blinder and Zandi congratulate the Bush and Obama administrations for saving us from the Great Depression 2.0:

Eighteen months ago, the global financial system was on the brink of collapse and the U.S. was suffering its worst economic downturn since the 1930s. The Great Recession gave way to recovery as quickly as it did largely because of the unprecedented responses by monetary and fiscal policymakers.

In other words: "Mission Accomplished".

In the real world, however, the economy is on the second leg down of the crash, and the government’s policies have not addressed the real problems. See this and this (no wonder consumer confidence is plunging but Wall Street is partying like it’s 1999).

Indeed, while Blinder and Zandi and Congress are patting themselves on the back for a job well done, the facts simply do not bear out their claims. As just one example, they claim that the TARP bank bailouts helped the economy. But as I pointed out in March 2009, the bailout money didn’t actually…
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Afghanistan is a “Lost Cause”; Leaked Documents Show Futility of Afghanistan War

Afghanistan is a "Lost Cause"; Leaked Documents Show Futility of Afghanistan War

KABUL, AFGHANISTAN - JULY 26: Lights adorn buildings as people celebrate the birthday of the 12th Imam, Muhammad al Mahdi on July 26, 2010 in Kabul, Afghanistan. Born on July 29, 869, the Imam is an anointed leader or ruler said to have been the twelfth generation descendant of the prophet Muhammad. It is believed that the Imam will return to earth some day to bring peace. (Photo by Majid Saeedi/Getty Images)

Courtesy of Mish 

The questions on my mind are: How many trillions of dollars do we have to spend, how many lives need to be wasted, and how much longer are we going to be involved in the boondoggle known as Afghanistan?

Such questions were on my mind even before Leaked Documents Underscore Lawmakers’ Concerns on Afghan War

President Barack Obama faces renewed concern about his Afghanistan war strategy after leaked military documents suggested Pakistan’s main intelligence agency secretly aided the Taliban and others the U.S is trying to defeat.

Disclosure of the documents, as Congress this week considers funding for the U.S. troop buildup in Afghanistan, underscored questions about the war while many lawmakers prepare to go home to campaign in August.

Some of the 92,000 classified reports, disclosed July 25 by the website Wikileaks, say that members of Pakistan’s Inter- Services Intelligence Directorate helped the Taliban and other Islamic rebels. The documents, covering 2004 through 2009, were reported by the New York Times, the London-based Guardian and the German magazine Der Spiegel, which said Wikileaks provided them the reports three weeks ago.

The leaked documents “raise serious questions about the reality of America’s policy toward Pakistan and Afghanistan,” said Senate Foreign Relations Committee Chairman John Kerry, a Massachusetts Democrat. “Those policies are at a critical stage,” and the documents “make the calibrations needed to get the policy right more urgent.”

‘Not Pretty’

“I’ve been to a number of briefings and I’ve always been provided a more upbeat picture than the one” depicted by the documents, said Representative James McGovern, a Massachusetts Democrat who opposes Obama’s Afghan policy. “The picture that is painted here is not pretty.”

Obama announced in December plans to send another 30,000 combat troops to Afghanistan, and Congress is under pressure to pass legislation paying for the buildup before taking its monthlong summer recess. Obama has said he will start to draw down U.S. forces in July 2011 and give more security responsibility to the Afghans, depending on conditions.

Polls show support for the war waning. Almost 6 in 10 respondents in a Bloomberg National Poll conducted July 9-12 said Afghanistan is a lost cause.

Also, 60 percent of Americans surveyed thought the withdrawal of forces should start in July 2011 even if the situation in


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Zero Hedge

Bonds & Bullion Best Since The Fed 'Spice' Stopped Flowing

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Since the end of The Federal Reserve's money-printing machinations (otherwise known as QE3), something odd has happened to global asset markets. US equity markets have suddenly stopped going up, bonds have soared, and physical demand for precious metals is bleeding back into the paper-pricing markets. Furthermore, the ubiquitously suppressed volatility across every asset class has slowly but surely started to decompress.

Stocks flat, Bonds best, Bullion bid...

And vol starting to surge...

...



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Chart School

Sharp Reversals on Economic News

Courtesy of Declan.

It has been a while since something other than Central Banks have moved the market. This time, it was the turn of old fashioned Durable Goods to upset the party. The loss was big, but it's still noise within the bounds of the 'Santa Rally'.  Consolidation breakouts remain in play, although volume climbed to register distribution.

The S&P crossed below its 50-day MA, but it's a flatlined moving average. Technicals are mixed.


The Nasdaq repeated the action of the S&P. The MACD edged a break of declining resistance, although there was a bearish cross between -DI and +DI.

...

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Phil's Favorites

Email From US Special Forces Veteran; 500 US Blackwater Mercenaries in Ukraine? US Backs Ukrainian Neo-Nazis

Courtesy of Mish.

US Special Forces in Ukraine?

In response to US Special Forces in Mariupol? I received an interesting email from "Dan" a 23-year Army veteran with four years in special services.

Dan writes ...
I was a soldier in the US Army for 23 years including four years in Special forces Stationed in Germany. I would agree that there is a strong likelihood that this is a US Special Forces soldier.

I can tell you that we were issued AK 74s and would use them on a mission such as this. That is about all I would really want to say at this point.

It is obvious to me that our strategy is the Balkanization of the various hot spots in the world, Syria, Ukraine, Iraq and so forth.

You can call m...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Insider Scoop

Morgan Stanley Asks, 'What's Driving Gold?'

Courtesy of Benzinga.

Related GLD Jim Cramer Shares His Thoughts On Gold, Kinder Morgan And Dollar Tree Mike Khouw Sees Bullish Options Activity In SPDR Gold Trust Making Money With Charles Payne: 11/13/14 (Fox Business)

While other commodity prices have further softened recently, Gold rallied – rising from December low of $1,174/oz. to touch $1,300/oz. Joel Crane, an analyst at Morgan Stanley, expressed pessimism that...



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OpTrader

Swing trading portfolio - week of January 26th, 2015

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Sabrient

Sector Detector: With the Fed fading into shadows, investors look overseas for new catalysts

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of Sabrient Systems and Gradient Analytics

By Scott Martindale

Last week, the S&P 500 put an end to its streak of weekly losses, despite giving back some gains on Friday. Thursday provided the big catalyst, with the ECB’s announcement of its bold new monetary stimulus plan. Investors were cheered and soothed for the moment. And U.S. fundamentals still look strong. But with Greece trying to turn back time, with volatility elevated (and likely to continue as such), and with the technical situation still dicey, the near term outlook is still worrisome.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart...



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Market Shadows

Are You Trading or Gambling?

ARE YOU TRADING OR GAMBLING?

An interview with John Ehlers of Stock Spotter and Mesa Software

By Ilene

Ilene: John, in our last discussion about trading systems in general and yours in particular (Can trading be reduced to cycles, stresses and vibrations?) you mentioned Monte Carlo simulations and their use in measuring performance. Can you explain more about how you measure the performance of a trading system?

John: Let's start with comparing trading with gambling. The two have several things in common.  In both ...



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Digital Currencies

Jitters After Bitcoin Exchange Suspends Services

So as I was saying yesterday (Bitcoin: The Biggest Clown Show In History?), Bitcoin has several obstacles on the path to potential success as an alternative currency. But I forgot to mention hacking and theft at Bitcoin exchanges and other technical problems. This is related to the lack of government backing and the fact that the value of Bitcoins is based entirely on confidence.  

Jitters After Bitcoin Exchange Suspends Services 

By 



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Pharmboy

2015 - Biotech Fever

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly.

Click here and sign in with your user name and password. 

 

...

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Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...



more from Caitlin

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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