“Insanity is coming at US in huge waves. This week really saw a lot of new tea leaves presented to those working through the puzzle of the MAN MADE disaster. We are indeed living in interesting times, and I believe they will be studied and written about for decades and centuries into the future. I also believe this time period offers the greatest opportunity’s in history if played from an applied Austrian economic perspective, and a good handle on history. They are one and the same actually. So let’s look at some of the vignettes we covered this week:
- An Islamic Caliphate has been born, World War III has BEGUN!
- Central Banks Lifeboating themselves
- Highest Market Cap for US bank since 2001?
- The Dollar and the DODO bird
- Friday night info dump
- UNRELIABLE SUPPLY
- SILVER coiled and ready to LAUNCH?
- Federal Reserve FOLLIES
- Political correctness that short circuits an invaluable gathering of EXPERIENCE
An Islamic Caliphate has been born, World War III has BEGUN!
Lightly covered by the Mainstream News, a new and vicious ISLAMIC caliphate has been born and World War III has commenced. The Middle East will be irreparably changed in the near future or should I say engulfed in FLAMES. The spineless leaders of the developed world have allowed order to be DESTROYED rather than place the proper emphasis on peace through strength. Now we will pay the price of the breach for their fiduciary duties. Teddy Roosevelt in 1907 said: “walk softly and carry a big stick”, sadly those wise words have been lost and forgotten. Relearning this will be extremely difficult as humpty dumpty has fallen, and putting him back together again may be an impossible task. Global and regional leadership is dead in the developed world: where are the Reagans, Churchill’s and Thatcher’s of the world for this generation. The bold leaders NOW with visions for the future reside in the Chinas, Russias, Singapores and al Qaedas of the world.
“If history teaches anything, it teaches that simple-minded appeasement or wishful thinking about our adversaries is folly. It means the betrayal of our past, the squandering of our freedom.”
– President Ronald Reagan, 1983
The Caliphate calls itself ISIS (the Islamic States of Iraq and Syria) and is a ruthless Al Qaeda political force. Numerous reports of beheadings, mass executions and random killings to foster TERROR in the eyes of their opponents are occurring and it is working. If you are a Christian or Shiite Muslim, the sentence is immediate death upon discovery or capture. Thousands have already been executed already and posted on the internet. A small army of less than 10,000 men has faced and beaten forces 10 times their size.
Soldiers are taking off their uniforms to avoid certain death that capture insures. Then, the terrorists take the discarded uniforms and use them to move freely behind enemy lines. They have now captured major IRAQI military bases and are well armed and supplied with MODERN WEAPONS. At this point, stopping them is not an option. They then retain the territory, oil fields, refineries and the funds for future JIHAD. I can promise you 10’s of thousands of jihadists are making their way there from around the world to participate in the JIHAD state. They have already looted over $450,000,000 million dollars from banks, while the oil insures ongoing income. This is not a group that wants to live peacefully with their neighbors. No, they want to consolidate long enough to develop plans for the next excursion to expand their territory, treasure and sharia law.
“The Syrians and the Iraqis have made their own beds–so why stick our noses in now? The answer is that al Qaeda, ISIS and others will not stop at Iraq and Syria. Lebanon, Jordan, Israel, Turkey, Egypt, Yemen, Saudi Arabia, the United Arab Emirates and others will be next.”
– General Jack Keane ret.
To them, it is convert to Sunni Islam or be killed as INFIDELS. For many of the terrorists that will not be enough and if they capture the US embassy (to me this is just a matter of time, just like the Viet Nam War). The carnage and death to many Americans is assured. Mercy is and will not be considered. It is part of their power over their adversaries. The power of abject FEAR!
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The main stream news breathlessly reports the news without telling the audience the grim conclusions that can already be made. The administration is calling for a multi ethnic reconciliation of the Sunnis, Shiites and Kurds before help is considered, placing an impossible task for the Iraqi government on the table to prevent the US from having any possibility providing assistance. This type of reconciliation takes weeks and months to accomplish… do you really think that republicans and democrats could reconcile overnight in Washington? The world knows through the experience of the last 6 years that there is no challenge or previous commitment from which America will not retreat. This administration in Washington has systematically undermined the strongmen of the Middle East and, if we ever find out the truth, maybe had a hand in overthrowing them. Did any of you think someday you would be rooting for IRAN to prevail in IRAQ? Me neither but now it is in my daily prayers as the developed world will just sit around and let us be destroyed. There is no shrinking from this moment. We must confront it or be killed by it as we shall soon see!
“Think subcontracting the job to Iran is the right call? Surely, no one wishes a Middle East managed by the ayatollahs in Tehran. Don’t care? Remember the admonition of the 9/11 Commission: “The most important failure was one of imagination.” Imagine what controlling vast areas of the Middle East will do for extremists of all stripes.”
– General Jack Keane ret.
Say what you will about Saddam Hussein, Moamar Qaddafi and Hosni Mubarak, strong men and dictators who held power in an iron and sadistic grip. But they all understood the DEADLY NATURE of FUNDAMENTALIST ISLAM and DID NOT ALLOW IT TO GAIN FOOTHOLDS in their COUNTRIES. They also controlled the thousands of years of tribal animosities in their countries, which as we can see was and is enormous. Just stopping ISIS is insufficient. They must completely be vanquished and the territory they hold liberated. Nothing less, or a regional war will widen into conflicts/attacks throughout Europe and then the world. Nothing like that will be considered by the developed world and many in the Middle East wish to see the latter happen. ISIS has been primarily funded by Saudi Arabia, Qatar, and Kuwait up to this point. Since the conflict has flared, Putin has sent arms, tanks and supplies into Ukraine in the last week. When can we expect the next move by China to be? Will they widen their grasp of the South China Sea? SOON! A weak US military and NATO will be challenged as NEVER BEFORE around the world. The socialists and leaders of the developed world are weak as kittens and spineless as worms. Mark my word, World War III has JUST BEGUN!
It has been a wild and woolly weekend as the news just keeps shocking a numb population too weary to keep up with the tea leaves: Important announcements about central banks lifeboating themselves from their own money printing, rotating HUGE parts of their reserves from INTANGIBLE financial assets to tangibles.