Tag Archives: fall of america

All that Glitters: Gold hits $1600 an Ounce as People Lose Faith in the Western Governments and Western Currencies

As the socialist democrats play chicken with the debt crisis in Washington DC and as the governments of Europe split on how to deal with their debt fiasco its becoming increasingly clear that our western governments have failed in dealing with the financial crisis. As much as the rest of the world is loath to admit it; our western financial mess will tank the world economy when we reach critical mass and sovereign debt begins to be defaulted on. In America, a two party system, it’s a fact that one of the two party’s is entirely dependent on providing ever more extravagant social programs and so if you take spending away from the socialist democrats they have no party left. Democrats have abandoned their principles years ago in favor of a strictly “bring home the bacon” world view and their politics of division means that they now view patriotism and any good feeling about this country as “republican propaganda.” Democrats maintain their supplicants by dividing the nation into controllable voting groups, convincing them that they are a persecuted minority; con their leaders into accepting Democrat legislative protection and then they harvest the vote while never actually solving the problems.

This works great until you have a problem, like the financial crisis, that actually needs a real solution. We need the spending spigot to be turned off, now, and for the foreseeable future. The socialist governments of Europe don’t have the money to pay for their lavish social benefits and are facing default on their ever increasing debt and here in America we’re doing our best to pretend that we don’t have a spending problem at all. The sane people, who remain, around the world, are looking at our government’s failure to solve the financial crisis and they’re turning increasingly to Gold because neither the Euro nor the Dollar seems to be worth much these days. As Western Governments are increasingly revealed as too weak to fix the financial woes of the world: it’s only natural that the world’s wealth will find its way into units of value that are not dependent on government to maintain that value. Hence we’re seeing Gold take off like a rocket, again, as faith in our politicians craters once again. Our elected representatives are unable to take unpopular but necessary actions for the good of the country but instead while away the hours figuring out how to fix the blame on the other party.

The Debt Crisis is like Marley’s Ghost, with chains clanking, and the unearthly groans of the utterly dammed, trying in vain to get our attention. At least Ebenezer Scrooge opened a dialog with the Ghost; he faced the apparition and worked the problem to the salvation of his soul. Our Ghost is, in fact, Franklin D. Roosevelt’s Ghost who now wears the crazy Marxist programs he forged in life; as he watches the nation he lead come apart at the seams because it’s no longer administering the social programs——- the social programs are governing us. As Marley and Scrooge sold their soles to the quest for profit; the Marxist Democrats have sold their soul to redistribution of wealth as a means of maintaining power and extending control over the people. As the Ghost of Roosevelt stands in the center of the Oval Office groaning and clanking its chains while the cancerous programs it spawned threatens to kill the United States: Obama sits in the oval office, oblivious to the cancerous spending, unwilling to compromise with evil capitalists, ghosts of presidents past, or anyone else, because he’s too engrossed on planning yet another vacation.

Sixteen Hundred Dollars for an Ounce of Gold! As the Congress abdicates is responsibility for love of the cowardly McConnel plan and as Obama lays the foundation for blaming the Republicans when the debt talks fail and as the hapless Germans stand alone in Europe for fiscal sanity gold is on a tare. As our governments continue to fail us look for more and more people and organization around the world to turn to gold for wealth preservation. Sixteen Hundred Bucks an ounce with no end in sight! For more on Gold consider this article from Bloomberg.com:
http://www.bloomberg.com/news/2011-07-18/gold-rallies-to-record-in-best-run-since-1980.html

Obama Plays Judas: America Betrays Eastern European Allies

 

 

 

 

 

 

 

 

               In a stunning reversal of US Policy, the Obama Administration scraped the Eastern European Missile Shield to appease the Russian Strongman; Vladimir Putin.  Obama has stabbed Poland and the Czechoslovakia in the back in a transparent move to appease the Russians in advance of his upcoming meeting with President Medvedev.  During the Russian war of aggression against Georgia during the Olympics the Poles and the Czechs bravely agreed to allow the placement of a new missile defense system on their territory.  The Russians immediately placed both countries on their enemies list and unleashed a torrent of verbal abuse on both nations even while continuing to intimidate the Ukraine and beat up the Georgians. 

At the time, it was stated that the missile shield was necessary to protect against rogue nations like Iran, but everyone knew that it was to counter the growing Russian belligerence in the region. Russia goes ballistic whenever its formerly subjugated states indicate they would rather risk their existence as a people, and a nation, to join NATO rather than continue under Russian tyranny. 

Poland is already in NATO but they were told any such installation on Polish soil would be target number one for Russian Nuclear Weapons in the event of war. 

Nations such as the Ukraine and Georgia risk their freedom to try and join NATO because the Russians are quite willing to use force to keep them in their zone of terror.  The Polish President refused to accept a call from Obama, and later refused to accept a call from the senate confirmed Secretary of State, Hillary Clinton.  I’ve seen no public reports as to whether the Poles talked to the “Foreign Policy Czar” or the “Polish Czar” or the “Betrayal Czar” (We have so many Czars it’s difficult to know who’s really running the show in any given arena of policy since the cabinet, like the constitution and the congress,  is just for show these days.) 

            In essence Obama has ceded all of Eastern Europe to Russia’s dream of reconstituting the old Soviet Empire. Imagine a criminal thug-ocracy of a new and economically improved Russia taking over the Soviet Empire of satellite states and “spheres of influence” consisting of puppet states run by and for the Kremlin. 

Not since Yalta has the world seen such a foolhardy betrayal and sacrifice of a vast section of eastern Europeans; who believe in freedom and democracy far more than the current President of the United States.  At Yalta, Roosevelt was exhausted from the Great Depression, World War II, and having been elected for 4 terms as president.  It begs the question: What’s Obama’s Excuse for this stunning and incompetent display of weakness and appeasement before a wanabe dictator like Putin?

Barak Husain Obama has just dashed the hopes of freedom for all for all of Eastern Europe and has clearly demonstrated that, not only won’t we fight for them; we won’t lift a finger for them.  With friends like the United States, and NATO:  the Eastern Europeans would be well advised to make the best deal they can with Putin and end resistance to Russian demands. This action serves to underline what Obama proved with his earlier betrayal of Israel in the face of the Iranian threat:  The United State under the Obama Administration can’t be believed or counted on and all of our allies are now very much on their own.  The Lights are on in the White House but there’s nobody home.

Obama seems so preoccupied with remaking the United States into a Socialist State that he can’t be bothered with foreign policy until it becomes a crisis. The world has long accepted the view that if Hitler had been stopped at Munich and not appeased by the world powers then World War II may well have been avoided.  Obama’s shameful betrayal of Easter Europe is the “Munich” of our times and it’s quite likely we will see the same results. 

Putin must be overjoyed by now…..

The Financial Crisis Revisited: The Bad Economic Slide is About to Begin Again

 

 

 

Are you ready for another perilous slide into banking and real estate hell?  Well there’s an ever growing concern about America’s banking industry again and once again the real estate sector both commercial and residential is about to voyage to the bottom of the toilet.  We’ve had a brief but welcomed respite from failing banks and sharply devaluing real estate but the road ahead is not looking good.  We’ve had a terror-free summer in terms of our banks failing but more and more Americans are wake up to the possibility that we have a committed Marxist in the White House in President Barak Husain Obama. 

As conditions deteriorate in the financial world again, perhaps spurred on by insane government spending, the transition to a socialist or communist economy, and the realization that our government has become our enemy: our political crisis means that there will be nobody home to deal with the next economic crisis.  Clearly the Obama administration is thrilled each and every time something fails because the ensuing crisis becomes an excuse to clamp down on the reins of power even harder.  It would seem that Obama doesn’t care about a finical crisis rearing its ugly head again because the worse such a crisis becomes…. the more dependant we become on the government.  If more banks fail and real estate tanks again Obama will blame it on Bush and create more massive and costly government intervention that won’t solve our problems but will make his hold on power unbreakable.

It’s much harder now to infer the state of the economy from the performance of the stock market because the crazy government intervention in the free market has distorted market reality beyond reason.  This much government interference in the economy means that the stock market is about as predictive of economic conditions as a weather forecaster trying to tell you what it’ll be like outside three months from today.  Nevertheless, I find it fascinating that the finance and mortgage giants like Fannie Mae are leading the current negative trend in today’s stock market news.

I guess the more things change the more they stay the same.

Consider this story from Bloomberg (and look for the economic crisis part II that most analysts say will be coming our way in the fall!)

 

Banks Lead Decline in U.S. Stocks on Concern Over More Losses

 

By Lynn Thomasson

the Standard & Poor’s 500 Index since June, as concern banks will post more losses overshadowed manufacturing and housing data that topped estimates.

Wells Fargo & Co., the San Francisco-based bank that received $25 billion in government bailout funds, slid the most in two weeks. Bank of America Corp., American Express Co. and Citigroup Inc. declined more than 3 percent to lead the Dow Jones Industrial Average lower. American International Group Inc. tumbled 16 percent and MetLife Inc. plummeted 5.5 percent after analysts said the insurers’ shares have risen too far, too fast. Europe’s benchmark index retreated 1.8 percent.

The S&P 500 lost 1.8 percent to 1,002.32 at 2:07 p.m. in New York, its steepest intraday decline since Aug. 17. The Dow industrials fell 157.12 points, or 1.7 percent, to 9,339.16.

“The future for the banks is not as muddy as it was two quarters ago, but it’s still not clear,” said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. “The market can’t sustain these huge moves.”

Financial companies have led the S&P 500’s 48 percent rally since March 9, gaining 126 percent. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.

Economy

U.S. stocks fell even after the Institute for Supply Management said manufacturing expanded in August for the first time in 19 months and the National Association of Realtors said contracts to buy pending homes increased more than forecast in July. The gauge of factories climbed to 52.9 in August, the ISM said today, topping the average economist estimate of 50.5.

Valuations for U.S. stocks look “marginally stretched” compared with other developed markets, Credit Suisse Group AG said in a research report. Strategist Andrew Garthwaite cut his recommended allocation of American equities and predicted they will underperform when the Institute for Supply Management’s manufacturing index is above 50 and rising.

The surge in the S&P 500 made the index valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004.

The benchmark index for U.S. stock options headed for its highest close since July 10. The VIX, as the Chicago Board Options Exchange Volatility Index is known, increased 9.7 percent to 28.54. The gauge, which measures the cost of using options as insurance against declines in the S&P 500, reached a record of 80.86 in November. The index is sill above the average over its 19-year history of 20.

Wells Fargo Slides

Wells Fargo dropped 3.2 percent to $26.65. Trading in the options market showed speculators were betting Wells Fargo shares will extend their decline. Trading of bearish Wells Fargo put options, which give the right to sell the stock, climbed to 162,000 contracts, triple the four-week average. More than four puts traded for each call option, which give the right to buy.

The most-active contracts were October $24 puts, which rose 67 percent to $1.25 and accounted for a quarter of today’s put trading. The shares haven’t closed below $24, or 13 percent less than yesterday’s closing price, since July 24.

AIG fell the most in the S&P 500, sliding 16 percent to $38.23. The insurer bailed out by the U.S. government was cut to “underperform” from “market perform” at Sanford C. Bernstein & Co., which said the government may reduce its support for the firm once AIG is no longer deemed a risk to the financial system. AIG surged 245 percent last month.

‘Dose of Reality’

Fannie Mae and Freddie Mac, the mortgage-finance companies under federal control, both tumbled more than 13 percent.

“Given the run that we’ve seen, where people could clearly care less about the fundamentals of the companies that were bid up, any dose of reality has to have a very chilling effect,” said Brad Golding, the New York-based managing director at Christofferson Robb & Co., which oversees $1.5 billion. “The financials have run so far, so much that they’ve gotten to levels that cannot be sustained in a choppy economy.”

MetLife dropped 5.5 percent to $35.68. The biggest U.S. life insurer was downgraded at Raymond James Financial Inc., after the company tripled in six months of New York trading.

Bank of America lost 4.5 percent to $16.80. American Express declined 3.8 percent to $32.54. Citigroup slumped 6.2 percent to $4.69.

Paul Tudor Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

 

It’s a False ‘Recovery’: Look for more Economic Woes in the Fall and Winter

 

 

 

It astonishes me to hear the media people talking up the idea that somehow the recession is over and we’re safe and sound once again. 

Don’t you believe it. 

The Economic Fundamentals remain distressed, as in the article below, by the Financial Times.  This doesn’t even take into account the likelihood of a massive oil shock that will occur when the Israel/ Iran war kicks off which is likely to be in the fall or winter at the latest. 

I’m also astonished by the degree that one must work these days to get access to competent journalism instead of the ideological pabulum that passes for news today.  It’s the truth that sets you free not the propaganda!  The Bible maintains that the last days will be characterized by deception and the wonton disregard of the truth; and by that standard we’re defiantly in the latter days.  If you believe our economic woes have been fixed by Obama and the Socialist Democrats without dealing with the Fed flooding the world with our currency then I’ve got a bridge in Brooklyn to sell you.

The Government is out of control and getting worse and when the next round of economic disasters hit, given the surly mood of the country, we could see a cultural unraveling not experienced since the American Civil War.  They say a word to the wise is sufficient:  Take all precautions to protect your family and your economic viability because the economic disaster is about to get a lot more intense shortly.  Don’t Be Deceived!  Do your best to prepare now: shed all debts and don’t buy anything you don’t really need.  At some point there’s going to be a loss of confidence in the dollar and that’s where America gets its wings clipped in earnest. 

 

 

 

 

http://www.telegraph.co.uk/finance/markets/6018076/RBS-uber-bear-issues-fresh-alert-on-global-stock-markets.html

 

RBS uber-bear issues fresh alert on global stock markets

Three-month slide could hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah predicts.

 

By Ambrose Evans-Pritchard, International Business Editor
Published: 8:26PM BST 12 Aug 2009

Comments 34 | Comment on this article

Britain’s Uber-bear is growling again. After predicting a torrid “relief rally” over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears.

“We are now in the middle of a parabolic spike up,” he said in his latest confidential note to clients.

 

“I expect this risk rally to continue into – and maybe through – a large part of August. What happens after that? The next ugly leg of the bear market begins as we get into the July through September ‘tipping zone’, driven by the failure of the data to validate the V (shaped recovery) that is now fully priced into markets.”

The key indicators to watch are business spending on equipment (Capex), incomes, jobs, and profits. Only a “surge higher” in these gauges can justify current asset prices. Results that are merely “less bad” will not suffice.

He expects global stock markets to test their March lows, and probably worse. The slide could last three months. “A move to new lows is highly likely,” he said.

Mr Janjuah, RBS’s chief credit strategist, has a loyal following in the City. He was one of the very few analysts to speak out early about the dangerous excesses of the credit bubble. He then made waves in the summer of 2008 by issuing a global crash alert, giving warning that a “very nasty period is soon to be upon us” as – indeed it was. Lehman Brothers and AIG imploded weeks later.

This time he expects the S&P 500 index of US equities to reach the “mid 500s”, almost halving from current levels near 1000. Such a fall would take London’s FTSE 100 to around 2,500. The iTraxx Crossover index measuring spreads on low-grade European debt will double to 1250.

Mr Janjuah advises investors to seek safety in 10-year German bonds in late August or early September.

While media headlines have played up the short-term bounce of corporate earnings, Mr Janjuah said this is a statistical illusion. Profits were in reality down 20pc in the second quarter from the year before. They cannot rise much as the West slowly purges debt and adjusts to record over-capacity. “Investors are again being sucked back into the game where ‘markets make opinions’, where ‘excess liquidity’ is the driving investment rationale.

“The last two Augusts proved to be pivotal turning points: August 2007 being the proverbial ‘head-fake’ when everyone wanted to believe that policy-makers had seen off the credit disaster at the pass, and August 2008 being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky anyone?”

The elephant in the room is the spiralling public debt as private losses are shifted on to the taxpayer, especially in Britain and America. “Ask yourself this: who bails out Government after they have bailed out everyone?”

Mr Janjuah said governments might put off the day of reckoning into the middle of next year if they resort to another shot of stimulus, but that would store yet further problems. “If what I fear plays out then I will have to concede that the lunatics who ran the asylum pretty much into the ground last year are back in control.”

Over at Morgan Stanley, equity guru Teun Draaisma thinks we are through the worst. “We were on course for a Great Depression in February, but Armageddon was avoided. Governments did not repeat the policy errors of the 1930s.”

“We have seen the lows of this crisis. This is a genuine rebound rally, and it has been short by historical standards so far,” he said.

Mr Draaisma, who called the top of the bull market almost to the day in mid-2007, has crunched the worldwide data on 19 major stock market crashes over the last century. They show that the typical rebound rally (as opposed to bear trap rallies, when markets later plunge to new lows) lasts 17 months and stocks rise 71pc. The 1993 rally in the US was 170pc over 13 months. Finland’s rally in 1994 was 295pc. Hong Kong rallied 159pc in 2000. This rebound is only five months old. The key indexes have risen 49pc in the US and 42pc in Europe. Mr Draaisma advises clients to stay in the stocks for now, but stick to telecom companies, utilities, and oil.

Yet he too expects a nasty correction once this rally falters. The usual trigger at this stage of the cycle is when central bankers start to make hawkish noises, typically a couple of months before the first turn of the screw (normally a rate rise, but in this case an end to “quantitative easing”. “As long as policy-makers are talking about how fragile the recovery is, equities are unlikely to go down much.”

This moment can be hard to judge. There has already been rumbling from some governors at the US Federal Reserve and from the European Central Bank’s Jean-Claude Trichet. Markets are pricing in rates rises by early next year.

The pattern after major financial bust-ups is that the rebound rally gives way to another fall of 25pc or so, lasting a year, followed by five years of hard slog as stocks bounce up and down in a trading range, going nowhere. Mr Draaisma suggests taking a close look at the chart of Japan’s Nikkei index from 1991 to 1999. Gains were zero.

We are in uncharted waters, however. Monetary and fiscal stimulus has been unprecedented. Russell Napier at Hong Kong brokers CLSA says a powerful bull market is already taking shape as the American giant reawakens. Perma-bears will be left behind. He said: “It is dangerous to be in cash.”

When the finest minds in the business disagree so starkly, the rest of us can only shake our heads in confusion.

 

Will America Fight the Future: A Chilling Article about British Religious and Cultural Capitulation

 

 

 

 

I found this on the Christian Broadcasting Network Site and its chilling indeed.  Obama and his socialist thugs are hot to trot on “Hate Crimes” legislation and America is clearly going the way of the United Kingdom.  This is very troubling and it continues the economic and cultural takeover that’s going on in the United States.  Those of you who thought that religious persecution could never happen here should think long and hard about this article because it’s about to bloom in America. All the groundwork has been laid and now the liberal socialists will really be cracking down on people of faith.

 

Britain’s War on Christianity: America’s Future Fight?

By Dale Hurd

CBN News Sr. Reporter

 

At her coronation, Queen Elizabeth, like British monarchs before her, promised to “maintain the laws of God and the true profession of the gospel.” But today, Britain is at war with the gospel, and with itself.

British Christians who take their faith into the workplace risk being demoted or fired. The government continues to push an aggressive gay rights agenda, while threatening to criminalize Christian speech and practice.

Politician and head of the Christian party, George Hargreaves told CBN News he received a complaint for his billboard advertisement.

“Yesterday I got a letter from the advertising standards authority over complaints saying that my billboard that says Britain is a Christian country is offensive to atheists and other religions and it incites hatred against them. What nonsense,” he said.

Hargreaves said Britain is constituted as a Christian country.

“Daily prayers are said in parliament whether atheists like it or not,” he added. “The queen is head of the Church of England and therefore has to acknowledge God for her sovereignty over the nation. These things are written, not just into our culture and our heritage, but into our constitution.”

At one time, Britain was the missionary base for the entire world, even sending missionaries to the new American colonies. But today, the cases of anti-Christian bigotry and discrimination have risen sharply.

In response, Christian legal centers like Christian Concern for Our Nation have mobilized.

Director Andrea Minichiello-Williams warns that if British Christians don’t step up now, the nation is on a path to eventually criminalize the practice of Christianity in public.

“There’s been a massive move by the secularist lobby to privatize religion,” she said. “You can have faith so long as it doesn’t affect you in the work place. So long as you don’t bring it into the workplace. ‘Just make it private. It can’t be public. It can’t affect what you do in the public square.'”

Christian Kwabena Peat was forced to attend homosexual sensitivity training at work, administered by a lesbian. 

“One of things that she said was, she asked the question, ‘What makes you think that to be heterosexual is natural?’ At which point, I walked out,” Peat said.

Then Peat wrote a letter to the sensitivity trainer, explaining the Bible’s position on homosexuality, and that God loved her and Peat loved her. He was suspended.

“They said that by me telling them about the Word of God, it constituted harassment and intimidation,” Peat said.

Peat was just recently reinstated. But cases like his are repeated over and over. Doctors, Nurses, adoptive parents, deemed unfit because of their Christian beliefs. Christians are told not to speak about God in the workplace or they could be punished for offending homosexuals or Muslims. 

And now the British government wants to pass a new equality bill that would force churches to hire practicing homosexuals or transsexuals.

Christian lawyer Paul Diamond has been very successful in defending discrimination cases against Christians in the courts.

“In the United Kingdom the homosexual agenda is militant,” he said. “The power shift began in about 2000, and they’ve been arresting Christians, jailing Christians for hate crimes, shutting off grants, constant litigation with the government, constant aggression.

Diamond said there is no “live and let live.”

“Your Christian values are wicked and evil, and that’s what they want everybody to believe,” he added.

A BBC program called Bone Kickers, showed a violent Christian beheading a Muslim. Britain’s government TV has also put a Muslim in charge of all of its religious programming.

Islam continues to advance in the UK in large part because the government and media give it almost a protected status, while essentially persecuting its own state religion, Christianity.

Many believe the architect of Britain’s new anti-Christian culture was former Prime Minister Tony Blair, a professed Christian who championed gay rights.

Both Minichiello-Williams and Diamond offered the same warning to American Christians: that any anti-life or hate crimes legislation that emerges under the Obama administration will erode America’s Christian base. 

“This is all coming to America,” Minichiello-Williams said. “If you liberalize the laws as President Obama has done.”

“Do you know who Obama reminds every British person of? Tony Blair,” Diamond said. “Charming, persuasive, convincing, the appearance of moderation, and then he shoved all the Judeo-Christian values down while saying he was a Christian.”

Diamond said the British know what is going to happen in America.

“We know what’s going to happen to your 40 percent church attendance,” he added. “It’s not going to 40 percent. It’s going to be 20 percent, when the Federal and state government start saying that if you criticize homosexuality, the hate crimes laws will apply to you Christians.”

By some estimates it only took about 10 years for the state to almost completely undermine Britain’s Christian heritage. Barring a sudden move of God, it is likely to take far longer to restore it. 

Cyber Wars on America: Now the North Korean’s are Launching Successful Attacks on the USA

 

 

 

North Korea may have been responsible for a very successful cyber-attack on the USA and on South Korea over the 4th of July Holiday weekend.   In World War II the big surprise was the improvements and coordination of tanks and air superiority combined in a blinding fast attack that the Germans called “Blitzkrieg”. (Lightning war)  We know that the most ambitious nation on earth, China, is pioneering cyber warfare and that the Russians and Europe are in the mix as well and the target is invariably the United States.  We better hope that Cyber Warfare is not the “Blitzkrieg” innovation of World War III because if that’s the case we’re far behind the power curve.  If World War II took five years to settle it’s likely that World War III, given the weapons of mass destruction we’re talking about, may be settled in a day or two.  We began World War II with the Pearl Harbor Disaster but we had the time to recover and come back to defeat the enemy.  In World War III the idea of a Pearl Harbor becomes untenable because the technology has become so horrific that the timeframe for staggering destruction and capitulation has shrunk to hours instead of years.

America is spending money like a drunken sailor on everything but the nation’s defenses and if there’s any government program that I would advocate spending more money on its Defense in general and Cyber, Space, and Missile Defense warfare.  The world’s cyber warriors are sharpening their skills on our nation’s computer infrastructure, with impunity, while we sit and debate how we’re going to pay for healthcare with a bankrupt nation, a broken political process, and a divided population.  In the information age the nation who controls the information frontiers of computer science and the high frontier of space will dominate the planet and enjoy unparalleled national security. As we make crazy deals with the Russians on the radical reduction of our nuclear deterrent that we’re trusting Putin to mirror we’re ignoring an effective cyber-defense in addition to acquiring a potent cyberwarfare capability ourselves.

The primary reason for the existence of government is to keep us safe and free; it’s not to give us bankrupt health care, tax our energy recourses, and redistribute wealth according to a weird social addenda, or to make sure every poor person has a mortgage they can’t possibly pay.  The Primary mission of government, national defense, is being neglected by the crazed social engineers of the Obama era in a headlong rush to destroy America and erect a Neo-socialist, Neo-Fascist state in its place.

It’s largely irrelevant whose doing the latest cyber attack because we seem to keep falling prey to such things and we have got to have a government that’s committed and effective in stopping these attacks.  The probability that these attacks were done by the crazy North Koreans just underlines our vulnerability and foolhardiness for not taking this threat as seriously as we should.

Consider this report from the AP:

North Korea May Be Behind Wave of Cyberattacks

Wednesday, July 08, 2009

  •  

SEOUL, South Korea —  South Korean intelligence officials believe North Korea or pro-Pyongyang forces committed cyber attacks that paralyzed major South Korean and U.S. government Web sites, aides to two lawmakers said Wednesday.

The sites of 11 South Korean organizations, including the presidential Blue House and the Defense Ministry, went down or had access problems since late Tuesday, according to the state-run Korea Information Security Agency. Agency spokeswoman Ahn Jeong-eun said 11 U.S. sites suffered similar problems.

She said the agency is investigating the case with police and prosecutors.

In the U.S., the Treasury Department, Secret Service, Federal Trade Commission and Transportation Department Web sites were all down at varying points over the July 4 holiday weekend and into this week, according to American officials inside and outside the government.

Others familiar with the U.S. outage, which is called a denial of service attack, said that the fact that the government Web sites were still being affected three days after it began signaled an unusually lengthy and sophisticated attack. The officials spoke on condition of anonymity because they were not authorized to speak on the matter.

The Korea Information Security Agency also attributed the attacks to denial of service.

Yang Moo-jin, a professor at Seoul’s University of North Korean Studies, said he doubts whether the impoverished North has the capability to knock down the Web sites.

But Hong Hyun-ik, an analyst at the Sejong Institute think tank, said the attack could have been done by either North Korea or China, saying he “heard North Korea has been working hard to hack into” South Korean networks.

On Wednesday, the National Intelligence Service told a group of South Korean lawmakers it believes that North Korea or North Korean sympathizers “were behind” the attacks, according to an aide to one of lawmakers who was briefed on the information.

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An aide to another lawmaker who was briefed also said the NIS suspects North Korea or its followers were responsible.

The aides spoke on condition of anonymity and refused to allow the names of the lawmakers they work for to be published, citing the classified nature of the information.

Both aides said the information was delivered in writing to lawmakers who serve on the National Assembly’s intelligence committee.

The National Intelligence Service — South Korea’s main spy agency — declined to confirm the information.

South Korea’s Yonhap news agency said military intelligence officers were looking at the possibility that the attack may have been committed by North Korean hackers and pro-North Korea forces in South Korea. South Korea’s Defense Ministry said it could not confirm the report.

Earlier Wednesday, the NIS said in a statement that 12,000 computers in South Korea and 8,000 computers overseas had been infected and used for the cyber attack.

The agency said it believed the attack was “thoroughly” prepared and committed by hackers “at the level of a certain organization or state.” It said it was cooperating with the American investigators to examine the case.

South Korean media reported in May that North Korea was running a cyber warfare unit that tries to hack into U.S. and South Korean military networks to gather confidential information and disrupt service.

An initial investigation in South Korea found that many personal computers were infected with a virus program ordering them to visit major official Web sites in South Korea and the U.S. at the same time, Korean information agency official Shin Hwa-su said. There has been no immediate reports of similar cyber attack in other Asian countries.

Yonhap said that prosecutors have found some of the cyber attacks on the South Korean sites were accessed from overseas. Yonhap, citing an unnamed prosecution official, said the cyber attack used a method common to Chinese hackers.

Prosecutors were not immediately available for comment.

Shin, the Information Security Agency official, said the initial probe had not yet uncovered evidence about where the cyber outages originated. Police also said they had not discovered where the outages originated. Police officer Jeong Seok-hwa said that could take several days.

Some of the South Korean sites remained unstable or inaccessible Wednesday. The site of the presidential Blue House could be accessed, but those for the Defense Ministry, the ruling Grand National Party and the National Assembly could not.

Ahn said there were no immediate reports of financial damage or leaking of confidential national information. The alleged attacks appeared aimed only at paralyzing Web sites, she said.

South Korea’s Defense Ministry and Blue House said that there has been no leak of any documents.

The Joe Biden Follies: Chronically Befuddled VP Green Lights Israel to Attack Iran

 

 

It should provide low level entertainment, in addition to some fascination by political junkies, to see how the Obama Administration reacts to the Befuddled Vice President’s remarks that seemed to give a green light to an Israeli attack on Iran.  Biden is notorious for foot-in-mouth disease, much to the reported consternation of Obama, who in latter days has tried, gamely, to keep Biden out of range of any microphones.

The White House maintains that nothing has changed in official US Policy and that Obama is still anxious to “talk nicely” to Iran and thus end their nuclear program. Lately, the Iranian government has cracked down, in brutal fashion, on its own people who took to the streets to protest an obviously stolen election. This made the Obama Charismatic I Respect Your Despotic-Freaky-Islamic-Terror-State policy look kind of silly if not naive. Having thrown Israel and moderate Arab states like Egypt under the bus, all to stroke Obama’s new best friend Iran, our American potentate has begun to look kinda stupid for abandoning our real allies for a fantasy about Obama’s own personal charisma. 

Ooooops! 

The only valid measure to measure Obama’s intentions, is his actions, because most of his words are meaningless, if not outright lies, chosen to mollify any given audience.  The Obama of the campaign trail and the Socialist-Fascist commissar his actions have proven him to be, since being sworn in, is ample evidence that the man is an unprincipled political opportunist for whom “the ends justify the means.”  Socialism-Fascism is clearly the ends that our Potentate Obama has in mind and he’s moved with blinding speed to achieve his ends with major nationalizations of the economy and by turning congress from a democratic deliberative body into a rubberstamp organization of fawning political sycophants that won’t bother to read legislation before passing it.  (So much for the checks and balances)

 A congress that falls down at the feet of the president with sickening adulation has forsaken its sacred obligation to function as a check on presidential power.  We depend on these checks and balances to keep a charismatic would-be-dictator from getting into office and proclaiming himself to be the new king or potentate. A congress this in awe of the president is even more dangerous than a press corps who has renounced its sacred obligation to report factual news instead of being the press office for some charismatic new president or potentate. 

So is the Administration Official, speaking for the president correct when he maintains our policy hasn’t changed?  Or is the Befuddled Vice President not actually speaking out of turn but simply providing cover by signaling a humiliating change of policy that Mr. Obama should have done himself? 

The weeks to come will tell the tale by the degree to which the Administration maintains that no change in policy has taken place.  Obama is now on record for having green lighted Israel and for insisting that we don’t want to interfere in Iranian Affairs.  It’s a lot like the campaign trail in that this man seems to have it both ways which given his opportunistic nature means that Obama is waiting to see which way the wind shifts in the days to come.  Personally I think the President should make it abundantly clear to all concerned where the USA stands on this critical issue if he wants his best chance to avoid war.  Unfortunately that would require our potentate, Obama, to stand on principle: which is about as likely as a Biden News conference that’s free of major gaffs.

Consider this story I found on Drudge written by the Associated Press National Security Writer:

Biden: Israel free to set own course on Iran

 

By ROBERT BURNS, AP National Security Writer Robert Burns, Ap National Security Writer – Sun Jul 5, 4:09 pm ET

WASHINGTON – Vice President Joe Biden signaled that the Obama administration would not stand in the way if Israel chose to attack Iran’s nuclear facilities, even as the top U.S. military officer said any attack on Iran would be destabilizing.

Biden’s remarks suggested a tougher U.S. stance against Iran’s nuclear ambitions. Nonetheless, administration officials insisted his televised remarks Sunday reflected the U.S. view that Israel has a right to defend itself and make its own decisions on national security.

In an interview on ABC’s “This Week,” Biden also said the U.S. offer to negotiate with Tehran on its nuclear program still stands. Some thought the administration’s approach might change in light of the Iranian government’s harsh crackdown on protesters after the June 12 presidential election. Opponents of the ruling authorities claimed the vote was rigged against them.

“If the Iranians respond to the offer of engagement, we will engage,” Biden said.

It was after meeting Israeli Prime Minister Benjamin Netanyahu at the White House on May 18 that President Barack Obama said it should be clear by year’s end whether Iran was open to direct negotiations. Obama told The Associated Press last Thursday that persuading Iran to forego nuclear weapons has been made more difficult by the crackdown after the disputed re-election of President Mahmoud Ahmadinejad.

Biden was asked whether Netanyahu was taking the right approach by indicating that Israel would take matters into its own hands if Iran did not show a willingness to negotiate by the end of the year.

“Look, Israel can determine for itself — it’s a sovereign nation — what’s in their interest and what they decide to do relative to Iran and anyone else,” Biden replied. He added that this was the case, “whether we agree or not” with the Israeli view.

Biden was then asked more pointedly whether the U.S. would stand in the way if the Israelis, viewing the prospect of an Iranian nuclear bomb as a threat to the existence of the Jewish state, decided to launch a military attack against Iranian nuclear facilities.

“Look, we cannot dictate to another sovereign nation what they can and cannot do,” he said.

Pressed further on this point with a reminder that the U.S. could impede an Israeli strike on Iran by prohibiting it from using Iraqi air space, Biden said he was “not going to speculate” beyond saying that Israel, like the U.S., has a right to “determine what is in its interests.”

Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, said Sunday that he has been concerned “for some time concerned about any strike on Iran.” He also said military action should not be ruled out and that a nuclear-armed Iran is a highly troubling prospect.

In Jerusalem, the Israeli government had no comment on Biden’s remarks.

White House spokesman Tommy Vietor said Biden was not signaling any change of approach on Iran or Israel.

“The vice president refused to engage hypotheticals, and he made clear that our policy has not changed,” Vietor said. “Our friends and allies, including Israel, know that the president believes that now is the time to explore direct diplomatic options.”

The Netanyahu government says it prefers to see Iran’s nuclear program stopped through diplomacy but has not ruled out a military strike. Israel, within easy range of an Iranian ballistic missile, has been skeptical of the administration’s aim of engaging in dialogue with Iran rather than threatening sanctions and military action.

The New York Times reported in January, shortly before Obama took office, that President George W. Bush had deflected an Israeli request in 2008 for specialized U.S. bombs that it would use for an airstrike on Iran’s main nuclear complex at Natanz. And it reported that Bush was persuaded by aides, including his defense chief, Robert Gates, that a U.S. strike on Iran would probably be ineffective.

Obama retained Gates as his defense secretary.

Iran insists that its nuclear program is only for peaceful purposes.

There are many reasons for Washington to oppose an Israeli attack on Iran now, including the presence in neighboring Iraq of about 130,000 American troops, who could become targets for Iranian retaliation. The security consequences could be much broader.

Mullen, who as Joint Chiefs chairman is the top military adviser to Obama and Gates, said he worries about unpredictable consequences of an attack on Iran.

“I worry about it being very destabilizing not just in and of itself but the unintended consequences of a strike like that,” he told CBS’s “Face the Nation.” “At the same time, I’m one that thinks Iran should not have nuclear weapons. I think that’s very destabilizing.”

Mullen said he worries that, in the event Iran were to obtain a nuclear weapon, other countries in the Middle East would feel compelled to follow suit. That would open a door to a proliferation of nuclear technology that would be destabilizing, Mullen said, adding that this is a subject he discusses regularly with his Israeli counterpart.

The prospect of a regional nuclear arms race was raised by Obama in an AP interview Thursday.

“The biggest concern is not simply that Iran can threaten us or our allies like Israel or its neighbors in the region,” Obama said. “A very real concern is, is that Iran possessing a nuclear weapon triggers an arms race in the region and suddenly countries like Egypt and Saudi Arabia and Turkey all feel obliged to get nuclear weapons. And if you’ve got the most volatile region in the world and everybody armed to the teeth with nuclear weapons, you’ve got a recipe for potential disaster.”

Most experts believe that wiping out the Iranian nuclear program is beyond the ability of Israel’s military. In 1981 the Israeli air force destroyed Iraq’s nuclear reactor in a lightning strike. But Iran’s facilities are scattered around the country, some of them underground.