Tag: security

The FRB’s “Operation Twist”: Europe and America Grim Economic Prospects

Bob Chapman on

Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields.The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? We may never know, because the Fed hides what they do not want anyone to know. These results might not seem important but US Treasury instruments are the foundation of the global monetary system.

The US’ Habitual Lies Continue: Another Cover-Up in The Massacre of “Afghan 17”

Prof. James Petras on

The March 11 Massacre of the 17 Afghan citizens, including at least nine children and four women, raises many fundamental issues about the nature of a colonial war, the practices of a colonial army engaged in a prolonged (eleven-year) occupation and the character of an imperial state as it commits war crimes and increasingly relies on arbitrary dictatorial measures to secure public compliance and suppress dissent.After the cold-blooded murder of the 17 Afghan villagers in Kandahar Province the US military and the ever-complicit Obama regime constructed an elaborate cover-up, exposing the Administration to charges of conspiracy to suppress the essential facts, falsify data and obstruct justice. All are grounds for criminal prosecution and impeachment.This massacre is just one of several hundred committed by US armed forces, according to the Afghan president, Hamid Karzai. It could ruin the Obama presidency, by putting him on trial for conspiracy to obstruct justice and arguably send him to jail for war crimes.

US Resource War Against China: Further Militarization of The African Continent

Nile Bowie on

Coincidently, the US military is now attempting to increase its presence in what is widely considered the world’s most resource rich nation, the Democratic Republic of the Congo. The DRC has suffered immensely during its history of foreign plunder and colonial occupation; it maintains the second lowest GDP per capita despite having an estimated $24 trillion in untapped raw minerals deposits. During the Congo Wars of the 1996 to 2003, the United States provided training and arms to Rwandan and Ugandan militias who later invaded the eastern provinces of the DRC in proxy. In addition to benefiting various multinational corporations, the regimes of Paul Kagame in Rwanda and Yoweri Museveni in Uganda both profited immensely from the plunder of Congolese conflict minerals such as cassiterite, wolframite, coltan (from which niobium and tantalum are derived) and gold. The DRC holds more than 30% of the world’s diamond reserves and 80% of the world’s coltan, the majority of which is exported to China for processing into electronic-grade tantalum powder and wiring.

The Afghan Massacre of 16 Civilians in PREMEDITATED by The US Soliders

AP/The Australian on

“… even our children will pay for this. Now they have done it and taken their revenge.” RESIDENTS of an Afghan village near where an American soldier is alleged to have killed 16 civilians are convinced that the slayings were in retaliation for a roadside bomb attack on US forces in the same area a few days earlier. In accounts to The Associated Press and to Afghan government officials, the residents allege that US troops lined up men from the village of Mokhoyan against a wall after the bombing on either March 7 or 8, and told them they would pay a price for the attack. The lawyer for Army Staff Sergeant Robert Bales, who is accused in the March 11 killings of the 16 civilians, has said that his client was upset because a buddy had lost a leg in an explosion on March 9. It’s unclear if the bombing cited by lawyer John Henry Browne was the same as the one described by the villagers that prompted the alleged threats. After a meeting at a military prison in Fort Leavenworth, Kansas, Mr Browne said Sgt Bales told him a roadside bomb blew off the leg of one of his friends two days before the shootings occurred.