The United States is about to make one of the greatest strategic blunders of all time, even after lessons should have been learned from military misadventures in Afghanistan and Iraq.
With support from congressmen and congresswomen from both sides of the aisle, the current administration is preparing to plunge the United States into another Middle East military conflict, centered on the civil war - that is none of our business and serves no national interest - in Syria.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.-- Ernest Hemingway
Recently-appointed Secretary of State, John Kerry, kicked off the relentless banging of war drums late Monday afternoon, with a press conference, highlighting America's "undeniable" evidence that the regime of Bashir Assad had used chemical warfare against its own citizens last week.
Kerry, one of the richest politicians in the world thanks to his marriage to Heinz heiress, Teresa Heinz in 1995, spoke of "additional intelligence" which would indicate that Assad was behind the chemical attack that killed hundreds in a Damascus suburb. Estimates had ranged to over 1000, but recent estimates fall between 150 and 355, which is the number of deaths quoted by Doctors without Borders.
Kerry said that this additional evidence would be released in coming days. In the meantime, the US has expressed concern that UN inspectors have not been given unfettered access to the attack site, which is contrary to published reports that the Assad government is complying with UN requests.
Additionally, Kerry made a comment, supposedly directed at Russia, but ostensibly aimed at anyone who believes the chemical attack was a "false flag" engineered by CIA or other undercover agents under direction from the United States, in order to heat up the situation and foment conditions for war in Syria.
Kerry said, "Anyone who can claim that an attack of this staggering scale can be contrived or fabricated needs to check their conscience and their own moral compass." However, Assad has repeatedly and steadfastly denied that his government was behind the attack. Besides, Assad has been seen as winning the civil war against home-grown rebels and outside agitators from the Muslim Brotherhood and groups associated with Al Queda, so there was no direct benefit for the use of chemical warfare, especially since President Obama said months ago that such use would "cross a red line."
In Kerry's "moral compass" statement, in response to words from the Kremlin that the situation mirrored that in Iraq, centered around non-existent weapons of mass destruction (WMDs) that led the US into war 10 years ago, lies the seed of disingenuousness.
In more genteel times, such as prior to 2001, such comments would not even be given an airing, but, since 9/11, and even before, the scenario has been set. Russian leader, Vladimir Putin, knows exactly which button to push in order to riase the ire of the US, and he is pushing them. As far as "strong evidence suggesting" (a term Kerry, and compatriots like Donald Rumsfeld, Dick Cheney and Colin Powell like to use) is concerned, there's a recurring pattern emerging out of Washington DC, starting with the Gulf of Tonkin incident which plunged us into the Vietnam War, to the events of 9/11/2001, around which skeptics still abound, to the Iraq invasion based upon what is now called "flawed intelligence," to the present condition in Syria.
It seems like every time the economy is in trouble (read on, there's more of that to come) or the US needs to exploit the resources of a weaker nation (Egypt and Libya come immediately and recently to mind), there's some "event" that brings out the president, the Secretary of State, various members of congress, especially war-mongers John McCain and Lindsay Graham rattling the sabers like medieval warlords.
The US is once again on the same path, with the media lapping it up and spitting it out to the trusting American public. These are truly the hardest of times, and the hardest of decisions face the American public just ahead. Will they continue to support these elected leaders who act more like psychopathic killers than men and women of judgement and compassion, or will Americans stand up and resist, though protests in the recent past have gone for naught because the media has been purchased in whole by the banking-political cartel and will not give protests their proper airing.
It is inconceivable in this day and age of an open internet and mass communications that governments be allowed to run roughshod over a country's constitution and its people, but that is precisely the path America is upon, and there seems to be little to apprehend the runaway war machine.
As for the market reaction to the beating war drums - or, maybe more precisely, the market condition aside from them - stocks have taken a severe beating over the first two sessions of the final week of August, with the NASDAQ in freefall, taking its biggest loss of the year on Tuesday, while the Dow, NYSE Composite and S&P 500 continue to plunge well below their 50-day moving averages. Meanwhile, the WTI oil price has spiked to six-month highs, gold and silver have returned to their traditional status as safe havens and are experiencing a bull market, and the recent rise in interest rates has been temporarily reversed.
While it may be easy to blame "war tensions" for the recent price declines, there's much, much more to the story, including whether or not the Federal Reserve will cut back its bond buying program (tapering) in September, the upcoming budget and debt ceiling debates - also in September and October - a potential collapse of the Italian government, a slowdown in housing, continuing high unemployment and the effects of Obamacare on the entire labor and health care complex.
Indications are already in place that the markets are taking a severe turn, possibly signaling an end to the 54-month-long bull run since March 2009. The Dow has lost nearly 900 points this month alone, ending in the red 13 of its last 17 sessions. The advance-decline line continues to deteriorate, today reaching a level of more than 4:1 losers to winners, and new lows slammed new highs yet again, a continuing, troublesome trend.
Weeks and months ahead could well become a turning point for the country, though there's a strong sentiment that the federal government, deeply in bed with the Wall Street bankers and global elite will continue a glide path to insolvency, decimating the middle class from both sides, by the rapacious practices of the upper class ("one percenters") while keeping the dregs of society quelled with bread and circuses (food stamps and football).
America has reached a greater incline on the slippery slope to serfdom and tyranny. This is a dangerous time, and each American must examine his or her conscience and decide which course of action is best for themselves and their families. These will not be easy decisions, but momentous even in singularity. America is being ripped apart by the powers at the top and there may be no reasonable means of stopping the carnage already underway.
Unfolding events in Syria and the wider Middle East, along with the operational side of the federal government may present the nation with veritable breaking points and an irreversible trajectory.
Dow 14,776.13, -170.33 (1.14%)
NASDAQ 3,578.52, -79.05 (2.16%)
S&P 500 1,630.48, -26.30 (1.59%)
NYSE Composite 9,288.11, -144.40 (1.53%)
NASDAQ Volume 1,570,917,625
NYSE Volume 3,629,879,250
Combined NYSE & NASDAQ Advance - Decline: 1236-5415
Combined NYSE & NASDAQ New highs - New lows: 43-106
WTI crude oil: 109.01, +3.09
Gold: 1,420.20, +27.10
Silver: 24.65, +0.641
Posts
No comments:
Post a Comment