Posts Tagged ‘CIA’

Kidnapping, Torture, and Reflections on Alleged “American Values”

Mish is on fire today with excellent posts. Here, Mish reports on the horrifying story of what the CIA did in kidnapping the wrong man, a German citizen Khalid El-Masri, and the CIA’s subsequent torture and abuse of him. Our court system failed too, citing "national security" grounds to throw out Khalid El-Masri’s case against the CIA.  (Sounds like a specious excuse to me as sensitive information wouldn’t have to be made public.) – Ilene 

Kidnapping, Torture, and Reflections on Alleged "American Values"

Courtesy of Mish 

I do not agree with using torture, nor do I believe the end justifies the means. The problem with both is that others can act the same way.

If the US can torture to extract vital information, then why can’t Iran and every other country on the planet?

It is pure hypocrisy to think that the US has a monopoly on "justified torture". Indeed, there is no such thing as "justified torture".

This has been my position forever. I bring it up because of a post Barry Ritholtz made yesterday stipulating “Torture didn’t provide useful, meaningful, trustworthy information”

“Torture [at the Guantanamo Bay detention camp] didn’t provide useful, meaningful, trustworthy information. Everyone [at the CIA] was deeply concerned and most felt it was un-American and did not work.” – Glenn L. Carle, a retired C.I.A. officer who oversaw the interrogation of a high-level detainee in 2002

“The bottom line is this: If we had some kind of smoking-gun intelligence from waterboarding in 2003, we would have taken out Osama bin Laden in 2003. It took years of collection and analysis from many different sources to develop the case that enabled us to identify this compound, and reach a judgment that Bin Laden was likely to be living there.” – Tommy Vietor, spokesman for the National Security Council.

Khalid Shaikh Mohammed was waterboarded 183 times — repeatedly misled interrogators about the courier’s identity. …

Barry Ritholtz went on to say "Thinking that torture is wrong is not a liberal or conservative value — it is an American value."

I sure wish Barry was correct. Sadly he is not, at least right now. Both president Bush and president Obama have condoned torture.

Moreover, President Obama had a campaign pledge to shut Guantanamo Bay. Sadly, I report Guantanamo Bay is still in operation. On March 8, 2011, the Irish Times noted Guantánamo trials freeze lifted

Hina Shamsi,


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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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“National Security:” A Global Police State-Within-a-State

"National Security:" A Global Police State-Within-a-State 

Courtesy of Charles Hugh Smith, Of Two Minds 

The Global War on Terrorism (GWOT) has spawned a national security "state-within-a-state" with essentially unlimited funding and support of America’s political machine. This National Security State has infected domestic policing and courts; it is both ubiquitous and completely unaccountable.

The Democrats and Republicans have enthusiastically joined hands to create a global police/national security state-within-a-state of unimaginable reach and power.  Frequent contributor Michael Goodfellow sent me this investigative report, which I consider one of the most important of the decade: Top Secret America: A hidden world, growing beyond control (Washington Post).

Let’s go back briefly to September 1, 2001, before the 9/11 attack. The national security "assets" of the nation had all the information needed to stop the attack. The various agencies did not stop the attack because there was essentially zero coordination and data-sharing between the CIA, NSA and FBI.

This was laid out in the PBS program The Spy Factory.

Now the national security "assets" have metastasized into a gargantuan national security state-within-a-state--and the exact same problem not only exists, it has become even more intracable.

Now that the national security state (NSS) has become much larger and even more unwieldy, coordination, collaboration and data-sharing have been rendered essentially impossible. This report makes that absolutely clear.

Rather than fix the problem of coordinating our national security assets, the Federal government and its leaders have amplified the problem. At the same time, they have created a monster which is beyond the control of elected officials or the citizenry, a secretive state-within-a-state which protects itself behind the inpenetrable shield of "national security" and "need to know."

The national security state is the ultimate protected fiefdom. Cutting one dollar of funding would be instantly characterized as "weakening our fight against global terrorism," as would any limits on the NSS’s powers.

This is in effect a new arm of the "military-industrial complex" which dwarfs the power of the traditional military-industrial complex: "defense" contractors and the revolving door between the DoD (Department of Defense) and these Pentagon-dependent industrial corporations.

GWOT is the perfect defense for a state-within-a-state that is insatiable and beyond accountability. Even simple inquiries are quickly dismissed as "dangerous"--as if global terrorists would glean some useful information from knowing just how many hundreds of billions of dollars are being spent tracking them.

What’s essential to our…
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The Economic Elite Vs. The People of the United States of America (I – III)

Full Report: The Economic Elite Vs. The People of the United States of America (Parts I-III)

Courtesy of David DeGraw, AmpedStatus Report

This report was originally released as a six-part series. The first part was published on February 15, 2010. The last part was published on February 27, 2010.  

 

“The American oligarchy spares no pains in promoting the belief that it does not exist,
but the success of its disappearing act depends on equally strenuous efforts
on the part of an American public anxious to believe in egalitarian fictions
and unwilling to see what is hidden in plain sight.”
– Michael Lind, To Have and to Have Not

 

The Economic Elite Vs. The People of the United States of America

 

It’s time for 99% of Americans to mobilize and aggressively move on common sense political reforms.

Yes, of course, we all have very strong differences of opinion on many issues. However, like our Founding Fathers before us, we must put aside our differences and unite to fight a common enemy.

It has now become evident to a…
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THE TRUTH ABOUT AREA 51?

This is fascinating, a must-read for anyone who’s spotted UFOs while not on drugs and still wondering what in the world might be going on. – Ilene 

THE TRUTH ABOUT AREA 51?

Courtesy of Richard Metzger at Dangerous Minds 

imageBecause of my former career at The Disinformation Company, Ltd., I am often asked—I was asked this yesterday, in fact—if I have ever investigated a conspiracy theory that I was skeptical of and then become a convert? Nope. Not once. And for the record, I am not a conspiracy theorist. I just played one on TV.

First of all, you have to parse the term. There are criminal conspiracies—events that can be proven in a court of law or that are a matter of historical record; and then there is the Montauk Project/David Icke side of things. Iran-Contra, the CIA shenanigans we’ve all heard about, Watergate, etc., these were real events. When you get into the territory of aliens, the 9-11 nonsense, and the “reptilian beings” like the Queen, the Royal Family and the Bushes, I just pretty much tune it out. Been there, done that. I went down that rabbit hole when I was a teenager and came back out again on the other side.

Conspiracy theorists tend to be people who have been a bit cut off, from, let’s just say, the power centers of the world. If you’ve never been to Washington, DC or Manhattan or been in a Beverly Hills country club, or know how the news gets produced, then the way the world runs must seem very mysterious. Like someone is in control. But that’s not true.

People who are in positions of power—industrial, political, financial, media power—went to high school like the rest of us did. The class president type who went on to become a congressman did so because he could. He got into that position of power because… people voted for him and not for the other guy. And don’t be surprised if rich guy A makes a…
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Zero Hedge

Is The US Locking Up Its Available Male Labor Force?

Courtesy of ZeroHedge. View original post here.

A few years ago we noted an extremely disturbing trend, namely that there was never a lower percentage of white men over 20 working in America. The decline in labor force participation rate for males ages 25-54 has accelerated sharply since 1980, and we may have an answer as to why.

Here is the labor force participation rate for men ages 25-54. Although the downward trend is clear since it topped out out 97.9% in 1954, a notable accelerated decline takes place since 1980, which as of May 1, 2016 put the rate at 88.4%.

...



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Phil's Favorites

End of the UK? Poll Shows 59% of Scottish Want to Leave UK

Courtesy of Mish.

In the wake of the Brexit vote, two issues regarding Scotland have arisen.

  1. Can the Scottish parliament veto the referendum?
  2. Will Scotland seek another referendum to leave the UK?

Veto Threat

The BBC reports Nicola Sturgeon says MSPs at Holyrood could veto Brexit

Notes: The Scottish parliament is in the Holyrood section of Edinburgh, the capital of Scotland. MSP stands for members of Scottish parliament. Nicola Sturgeon is leader of the Scottish National Party (SNP).

Scotland’s First Minister Nicola Sturgeon has told the BBC that Holyrood could try to block the UK’s exit from the EU.

SNP leader Ms Sturgeon...



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ValueWalk

Warren Buffett & Bill Gates Discuss Success, Mistakes and Work/Life

By Jacob Wolinsky. Originally published at ValueWalk.

In this discussion, students from the University of Nebraska got to ask Bill Gates and Warren Buffett questions of their choosing. The questions vary widely and can be found below. Warren Buffett and Bill Gates are two of the richest people in the world and their answers and advice are invaluable to anyone looking for success.

Date: September 2005
Location: University of Nebraska

Audio is out of sync in parts.

Video Segments:

0:00 Start
0:01 Intro
3:14 Start of speech
...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Central banks ready to cooperate after Brexit result (Business Insider)

Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday.

Central bankers gathered at the organization's global economy meeting in Switzerland discussed the implications of the referendum.

How Americans spend their day reflects a shifting economy and population (Wall Street Journal)

Americans overall are working less and sleeping more than they were a decade ago, trends that point to an aging p...



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Chart School

Best Stock Market Indicator Update

Courtesy of Doug Short's Advisor Perspectives.

We continue to receive requests for updates to the "Best Stock Market Indicator", which used to be a regular guest post from John Carlucci. Here is an update of the "Carlucci" indicator along with a summary of John's explanation on how he uses it.

As John described it: "The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com used to find the "sweet spot" time period in the market when you have the best chance of making money."

Latest Indicator Position

According to this system, the market ...



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Kimble Charting Solutions

2007 pattern being repeated right now? Another "Push Away???"

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The NYSE index kissed the underside of dual resistance at (1) back in 2008. Once resistance held, a big push away from it took place and sellers stepped forward.

NYSE creating a similar pattern again at (2)???

This would NOT be a good place for the Risk On trade if the broad market starts “pushing away” from dual resistance at (2).

Full Disclosure- ...



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Mapping The Market

Thoughts on Brexit

I have mixed feelings about Brexit today. Clearly the European institution need reforming. The addition of so many countries in the last 20 years has created a top heavy administration. The Euro adds more complexities to the equation as the ECB policies cannot fit every country's problem. On the other hand, a unified Europe has advantages as well – some countries have benefited from the integration.

For Britain, it's hard to say what the final price will be. My guess is that Scotland might now vote for independence as they supported staying in Europe overwhelmingly. Northern Ireland might be tempted to leave as well so possibly RIP UK in the long run. I was talking to some French people and they were saying that now there might be no incentive for France to stop immigrants from crossing over to the UK like they do now and simply allow for travel there and let the UK deal with them. The end game is not clear to anyone at the moment....



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Digital Currencies

Bitcoin Tumbles 10%

Courtesy of ZeroHedge. View original post here.

One week ago, when bitcoin first crossed above $700 on the seemingly insatiable Chinese buying which we forecast last September (when bitcoin was trading at $230) would take place as a result of China's capital controls (to much pushback by the "mainstream" financial media), we tried to predict what may happen next. We said that "it could go much higher. That said, anyone who bought last September when the digital currency was trading at $230 may be advised to take some profits, and at least make...



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OpTrader

Swing trading portfolio - week of June 20th, 2016

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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All About Trends

Mid-Day Update

Reminder: Harlan 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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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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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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