Posts Tagged "US"

Big US airlift drill starts Monday. Fresh Hamas demands for Gilad Shalit

DEBKAfile, Political Analysis, Espionage, Terrorism, Security
The United States launches a large-scale exercise over the Middle East deploying 41 giant transports of the 22nds Airlift Squadron Monday Oct. 17, the day before the Israeli soldier Gilad Shalit is scheduled to be released by Hamas. The US Transportation Command and its Air Forces Transportation will be testing its ability to provide a rapid strategic airlift response to major crises and contingencies.

Tuesday morning, when the Israel and Hamas prisoner exchange is due to be executed, the giant US transports will drill landings in Israel and Saudi Arabia. The aircraft will be packed with command and control elements and fighting units with full equipment.

debkafile’s military sources report that during this critical week, the exercise ending Friday, Oct. 21 will keep an American air fleet in Middle East skies ready to land at any moment for any contingency. The Israeli, Egyptian and Saudi armies are on a high state of preparedness.
In parallel, The USS John C. Stennis aircraft carrier is on its way from the Persian Gulf to the Mediterranean. Last Tuesday Oct. 11, as the US officials accused the Iranian government of directing a plot to assassination the Saudi ambassador to Washington, the Stennis was nearing the Red Sea.

Aboard was the Chief of US Naval Operations Adm. Jonathan Greenert who was assigned to the operation in this arena shortly after taking up his appointment.

The missions of the Stennis Battle Group, consisting of an additional seven warships, most of them destroyers and frigates, as well as Air Wing CVW-9, are to provide ground troops with combat support and strike land and sea targets. It is also able to sow mines over large areas around coastal regions and on the high sea.

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Arab democrats: beware the US model

Source: english.aljazeera.net
Americans like to think of themselves and their country as a model for the world. Indeed, this attitude of self-congratulation is one of the least attractive aspects of US culture when viewed from abroad, even if Americans themselves are barely aware of it. For most Americans, this common faith in the superiority of many aspects of their society – from popular entertainment, to higher education, to the judicial system, and so on – is part of the web of shared assumptions that underlie US culture. And among these, nothing is so firmly fixed in the American mind than the inherent superiority of their democratic political system.

Well. The world has been treated in recent weeks to the spectacle of the vaunted two-party American political system as it has driven the government heedlessly to the very brink of a disastrous default on its debt payments. This national financial near-miss, and the profound skepticism it has generated concerning the US’ long-term ability to put its fiscal house in order, has roiled global stock markets, and threatens, if not soon addressed, to upend the dollar-based global financial system which has been in place since the end of World War II. Whether such a change in the global financial system is a good or bad thing over the long term I cannot say, but it would not happen without severe global economic dislocations, from which all would suffer.

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Max Keiser: ‘America will lose its sovereignty’

Source: RT/Youtube
The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.

Apple has more cash than the federal government

Source: news.yahoo.com
Who’s ready for iAmerica?

As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company’s financial records.

Apple’s quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.

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Why China is Laughing All the Way to the Bank

Source: truthdig.com

The global impact of the American debt crisis—and the likelihood of permanent damage to American interests—are already visible to Sen. John Kerry, D-Mass., from his perch as chairman of the Senate Foreign Relations Committee. Indeed, he is not only seeing but hearing those effects.

“The Chinese are laughing all the way to the bank,” said the former Democratic presidential nominee, because a downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation’s largest creditor—and our most important competitor in the international arena.

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How The Two-Party Oligarchy Uses The Democrat Vs Republican Charade To Loot The US

Source: daviddegraw.org
First a note on the use of hyperbole: People often think I’m using hyperbole when I talk about “financial terrorism,” our descent into “neo-feudalism,” the “two-Party oligarchy,” our confirmed “banana republic” status or the fact that President Obama is a “bankster puppet.” I’m aware that most people will think I’m being overly extreme, but in these extreme times, all these terms are technical descriptions of our unfortunate political reality. Career wise, I would be better off, over the short-term, if I censored this harsh reality and used more delicate language, but I’m not interested in making a career out of this, or being accepted into some status quo supporting groupthink organization. I’m here to sound the alarm. So I have much respect for people who are also speaking bold truth to power, whatever the consequences may be. Fortunately, more people are starting to speak up.

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Wall Street braces for US default

Source: AFP
US banks have begun making contingency plans for what to do if the US government defaults on its debt or loses its triple-A credit rating, banking sources and analysts said.

But the conventional wisdom on Wall Street is that Washington’s feuding politicians will still reach a last-minute deal and avert a default, an outcome that President Barack Obama has warned would be economic “Armageddon”.

“The anecdotal evidence I’ve heard is that folks are beginning to take steps in case it happens,” a former Federal Reserve official with extensive contacts in the banking industry told AFP.

Bank of America, Wells Fargo and Citigroup confirmed that they were making plans on how to minimize the damage of a government default or downgrade.

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