Thursday, May 5, 2011
Joseph Foster & Martin Hutchinson: Bin Laden Dead
By Joseph Foster
Email Joseph Foster at firstname.lastname@example.org for a free book summary. My book, ‘’Destruction of America", subtitled "Stand up for America" will be available May 2012 at all major bookstores. Visit my blog Stand Up for America! for more articles.
Ray Hutchinson I have published your excellent Article below, and agree with your analysis and wish many of our bozo politicians will have your wisdom, unfortunately America for the past decades are not electing politicians that understand the world nor any that know how to work for the U.S. national interest.
We have given Pakistan billions of Tax payers’ money, and it is absurd that Pakistan does know who occupies a million dollar mansion next to a military academy for the past ten years.
A man of evil has finally been found and shot by our special forces. I extend my thanks to the heroic effort of our special forces and those that assisted them.
I have said all along that the invasion of Afghanistan and Iraq, that has cost more American lives and perhaps trillions of dollars was not necessary, today the fight of terrorist or dictators of the like of Gadhafi, Saddam or Bin Laden should be eliminated by clandestine covert operation.
Why tell Bin Laden we are coming to Afghanistan by invasion to get you, we could have got him many years ago. I hope we have now learned a lesson that there are less costly and more efficient way of putting an end to men of evil.
The killing of Osama bin Laden will provide an exit strategy for the U.S. to exist Afghanistan. We shall continue to face problems in that al-Qaida is fragmented into a globally-scattered network of autonomous groups in which Bin Laden served as an inspiration leader figure for the Jihadists. Al Queada remains a threat to the U.S. as to Yemen and other countries in the Arabian Peninsula according to U.S. official’s senior intelligence officials.
Arturo Munoz a security analyst at the Rand Corporation sees no real military significance to Bin Laden death. Bin Laden's death is a significant victory for the United States. But it is more symbolic than concrete," said Fawaz Gerges, an al Qaida expert at the London School of Economics. While some believe bin Laden's death could reduce the burden of U.S. military expenses, others are skeptical with one commentator noting that bin Laden's death "doesn't change much about the energy situation and doesn't change much about the ongoing battle with radical Islamists."
Osama's goal was to bankrupt the United States, if you listened to his rants. And so far, he is almost correct. We need to get out of these wars, come home, and begin working on our schools, infrastructure, and jobs. While we are closing some schools in America due to our budget restrains, I heard we are building schools in Afghanistan this type of news gets me mad as hell.
Billions of American tax payers’ money in foreign aid to Pakistan and the war in both Afghanistan and Iraq all gone in smoke add to that the death and injured of American Military personnel and others. The two wars waged by the U.S. in Afghanistan and Iraq will go in the annals of history as the biggest mistake ever made by the United States I cannot imagine wasting another dollar on areas that hid this man for several years.
Below is an excellent article written by Martin Hutchinson Contributing editor of Money Morning.
The finding and killing of Osama bin Laden after 10 years of searching is clearly being heralded as an enormous U.S. victory.
But once you look past the news itself, the death of bin Laden brings to light some highly worrisome revelations about Pakistan. And those revelations have some potentially serious long-term implications for the Dow Jones Industrial Average - and for your money and future financial security.
So let's look at the longer-term implications of the death of bin Laden, the troubling new insights that we've gained about the "real" Pakistan, and how this development actually injects even more geopolitical uncertainty into an already uncertain world.
The Death of bin Laden
Late Sunday, the networks interrupted regularly scheduled programming to announce that bin Laden, the 54-year-old mastermind of the Sept. 11, 2001 terror attacks that killed thousands of Americans, had been killed himself. According to an NBC News report, the firefight that ended the highly emotional decade-long manhunt took place in a "luxury hideout" in a compound in the Pakistan city of Abbottabad.
U.S. Navy SEALS and paramilitary forces of the CIA reportedly conducted the raid, leading U.S. President Barack Obama to tell the American people in a late-night television appearance that "justice has been done."The death of bin Laden was the news.But here's the real story. Unfortunately, bin Laden's death will make very little difference to the effectiveness of the terrorist network known as al-Qaida. For several years now, since the U.S. invasion of Afghanistan in late 2001 disrupted its command center, that terrorist network has been run very much like a business-franchise operation, with operations in a number of countries sharing resources, ideas, training and know-how - but little in the way of direct operational control from the center.
As with such a franchise operation, the death of the founder makes only a modest amount of difference. Indeed, the operational control from al-Qaida's center was so loose that the effect of bin Laden's removal is less than that of the death of Ray Kroc at McDonald's Corp. (NYSE: MCD), where Kroc had been involved in central-policy formation.
Instead, it was more like the death of Harland "Colonel" Sanders at Kentucky Fried Chicken, where Sanders had been a figurehead, advertising symbol and inventor of a batter, but not an operational manager.
The comparison may appear frivolous, but it encapsulates an essential truth: While there may be an adverse effect on the morale of al-Qaida operatives, there is unlikely to be a long-run diminution in their ruthlessness and effectiveness. The Global War on Terror, as distinct from the rather separate military campaigns in Afghanistan, Iraq and Libya, will continue at undiminished ferocity.
And that brings us to the truly disturbing aspect of Sunday's news - the "real" story about Pakistan.
The Real Story About Pakistan
When he was run to ground on Sunday, bin Laden wasn't holed up in a hovel or a cave in Pakistan's bleak-and-barren mountainous north. Instead, the world's-most-sought-after terrorist was luxuriating in a million-dollar compound that was sitting a mere 500 yards from the Pakistani military barracks in Abbottabad, which itself is a mere 30 miles from Islamabad, that country's capital.
This striking fact - coupled with former Pakistani President, suggests that Pakistan's pretense of alliance with the United States has been a false façade.
Even worse: The circumstances surrounding the death of bin Laden says that a large part - perhaps even a majority - of Pakistan's military is violently anti-American.
Combine this newfound reality with the strong anti-American feeling in the Pakistani population, and you have a major new danger: A hostile nation - 170 million strong - that is a nuclear power.
Even if Pakistan cannot be considered truly hostile at the present time, there must be a substantial danger that the next upheaval in the country's weak government could make it so. This may be the true cost of the 10-year War on Terror. Pakistan has historically been a close ally of the United States. But the military actions that have been required to prosecute the War on Terror have been used by unfriendly elements within Pakistan to gradually transform the country into a deadly potential enemy.
And that's a sad-and-tragic outcome: Had bin Laden been captured in the Tora Bora caves in November 2001 - and the Afghan campaign wound down thereafter (without any invasion of Iraq) - the radicalization of Pakistan would have been most unlikely.
Unfortunately, all of that did occur, and is now a historical fact, meaning the political and economic equations have been forever changed for the West.
A hostile and nuclear-armed Pakistan is a grave reality, for it substantially elevates the element of risk in the world economy and in world markets. We have been worrying for five years about the possibility of Iran acquiring nuclear weapons, yet Pakistan - which is much poorer, since it has no oil - has a population that's more than double that of Iran.
Furthermore, Iran does not yet have a single nuclear weapon. But Pakistan is
estimated to have 70 to 90 nuclear warheads and is thought to have medium-range missiles with a range of 2,500 miles. In addition, Pakistan's nuclear missile program is relatively sophisticated, with a number of nasty tricks - such as spiking their plutonium-based nuclear weapons with a bit of tritium, a bit of engineering that can increase the yield of each warhead by 300% to 400%.
The Death of bin Laden, Pakistan and the Dow.
With a hostile Pakistan, the probability of nuclear terrorism or even a nuclear war is greatly increased. Accordingly, the current overvaluation of global stock and financial-asset prices could prove to be especially egregious.
The optimism of global stock markets since the financial crash of 2009 has been truly misplaced, fed as it has been by the highly distorting monetary policies of the U.S. Federal Reserve, and its chairman, Ben S. Bernanke.
The U.S. stock market remains hugely above its levels of early 1995, the point at which U.S. monetary policy became over-expansionary.
The Dow Jones in February 1995 passed 4,000 for the first time - a point that, in and of itself, was 50% above the speculative peak of 1987. If the Dow had increased - just in line with nominal gross domestic product (GDP) - it today would be standing at around 8,000. (The Dow closed yesterday at 12,807.36, down 3.18 points, or 0.02%. That represents an increase of about 92% from the March 9, 2009 bear-market bottom, and keeps the closely followed blue-chip index up near its post-crash high.)
However, the world is a great deal less secure both politically and economically than it appeared in the tranquil days of 1995 - and the revelations the death of bin Laden has brought to light about a potentially not-so-friendly Pakistan only makes it even less so.
Hence, a current Dow level of 12,800 isn't just overvalued by as much as 50% - it could be as much as three times above where it should be. And while we hope this would never be the case, the fact is that some event as yet unforeseen could cause this overvaluation to unwind, and the Dow to correct.
What's more, if this event happened to be the "just-right" kind of geopolitical trigger - hopefully not a direct act of nuclear terrorism - it could be enough to spill the Dow down toward 4,000. Fortunately, as is always the case, if you understand something, you can take actions to protect yourself - and your financial future.
WASHINGTON -- Okay, can we finally withdraw U.S. troops from Afghanistan?
That's the question many people are asking in reaction to Osama bin Laden's death. Shortly after the U.S. invaded Afghanistan, President Bush made clear that he wanted bin Laden, "dead or alive." With that mission accomplished -- 10 years later and under a different president -- some now say that the case for withdrawal is stronger, and President Obama has the political cover to push for a more robust pullout.
"The single biggest reason we went into Afghanistan was to get Osama bin Laden," said Rep. Barney Frank (D-Mass.) at a Center for American Progress event Monday morning.
"If Osama bin Laden was still alive, that would have given some people an argument, 'Oh you can't get out of Afghanistan for reputational reasons.' ... Having killed Osama bin Laden deprives people who wanted to stay in Afghanistan for other reasons of the argument that we would be leaving in defeat," he added. ‘’End of Article’’
To Mr. Ray Hutchinson from this Author I hope you do not mind for me in publishing your article, for your writing gives us many words of wisdom.