In These New Times

A new paradigm for a post-imperial world

Archive for September, 2009

What Price Afghanistan?

Posted by smeddum on September 15, 2009

Is Karzai’s massive election fraud the final nail in the COIN strategy’s coffin?

September 14, 2009

Has the U.S. lost the Afghan war, even before President Obama’s “surge” is plugged in and the “COIN” strategy is put in place?

“Clear, hold, and build”: – that’s the “new” counterinsurgency doctrine [.pdf] being touted by the Center for a New American Strategy (CNAS), Obama’s favorite national security think-tank, as the salvation of our faltering Afghan campaign. The idea is to build “democratic” institutions and give the Afghans a stake in defending their government and society from the Taliban onslaught that is supposedly threatening them at every turn. Yet what if their democracy turns out to be not worth defending? What if their president, a preening fashion plate with ties to organized crime figures (including his brother), decided to steal an election, proclaim himself chief of state in spite of massive evidence of election fraud, and refused to even speak to his American sponsors, let alone go along with a U.S.-brokered compromise with his chief election rival? Read the rest of this entry »

Posted in Afghanistan, Drive to Global War | Leave a Comment »

US troops ‘stormed through Afghan hospital’

Posted by smeddum on September 15, 2009

US troops ‘stormed through Afghan hospital’
By Kay Johnson, Associated Press

Monday, 7 September 2009

Independent

A Swedish charity accused American troops today of storming through a hospital in central Afghanistan, breaking down doors and tying up staff in a search for militants. The US military said it was investigating. Read the rest of this entry »

Posted in Afghanistan | Leave a Comment »

Revealed: The ghost fleet of the recession

Posted by smeddum on September 14, 2009

14/9/o9

dailymail

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination  –  and is why your Christmas stocking may be on the light side this year

The 'ghost fleet' near Singapore

The ‘ghost fleet’ near Singapore. The world’s ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world’s economies. Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »

Put and call derivatives explained by Max Keiser

Posted by smeddum on September 14, 2009

Posted in Uncategorized | Tagged: , | Leave a Comment »

Derivatives still pose huge risk, says BIS

Posted by smeddum on September 14, 2009

Derivatives still pose huge risk, says BIS
The global market for derivatives rebounded to $426 trillion in the second quarter as risk appetite returned, but the system remains unstable and prone to crises, according to the Bank for International Settlements (BIS).

By Ambrose Evans-Pritchard, International Business Editor

13 Sep 2009

Telegraph

US insurer AIG was able to write nearly “half a trillion dollars” of unhedged insurance through credit default swaps
The BIS said in its quarterly report that total turnover of derivatives rose 16pc, mostly due to a surge in futures and options contracts on three-month interest rates. Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »

Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman

Posted by smeddum on September 14, 2009

Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman

By Mark Deen and David Tweed

Sept. 13 (Bloomberg) — Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.” Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »

Radio: Andy Sutton interviews John Rubino on dollar collapse and debt

Posted by smeddum on September 14, 2009

http://www.contraryinvestorscafe.com/partners.php?pid=62237

Posted in Financial crisis | Tagged: | Leave a Comment »

Hong Kong recalls gold reserves, touts high-security vault In a challenge to London, Asian states invited to store bullion closer to home

Posted by smeddum on September 14, 2009

Sept. 3, 2009, 6:22 a.m.
Hong Kong recalls gold reserves, touts high-security vault
In a challenge to London, Asian states invited to store bullion closer to home

By Chris Oliver,

MarketWatch

HONG KONG (MarketWatch) — Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city’s airport, in a move that won praise from local traders Thursday.

The facility, industry professionals said, would support Hong Kong’s emergence as a Swiss-style trading hub for bullion and would lessen London’s status as a key settlement-and-storage center.

“Having a central government-sponsored vault would create a situation where you could conceivably look at Hong Kong as being a hub, where metal could be traded for the region,” said Sunil Kashyap, managing director at Scotia Capital in Hong Kong, adding that the facility was the first with official government backing in the region. Read the rest of this entry »

Posted in Financial crisis | Tagged: , | Leave a Comment »

The media’s bizarre interpretation of Obama’s declining popularity

Posted by smeddum on September 14, 2009

Sep 13 2009

Alison Kilkeny

True/slant

Something missing from this article is the internet success of the  Alex Jones documentary

https://inthesenewtimes.com/2009/03/18/the-obama-deception-151-mins/

The incorrigible “liberal media” has been practically marinating in its own saliva as it obsessively tracks the decline of Obama’s popularity. The declarations from corporate desk jockeys, who appear to get a sexual thrill from declaring Obama’s “wax wings” have melted and the President is currently plummeting toward earth, are probably premature. A little over half of voters say they at least somewhat approve of the President’s performance, according to Rasmussen. That represents a one point improvement since his Wednesday night speech and is the President’s best rating in three weeks.

Read the rest of this entry »

Posted in Ecological and Public Health Crisis | Tagged: , , | Leave a Comment »

Rolling the Dice Again: Packaging Life Insurances Policies Into Bond Products by Ralph Nader

Posted by smeddum on September 14, 2009

Rolling the Dice Again: Packaging Life Insurances Policies Into Bond Products

by Ralph Nader

September 14, 2009

SleptonMag


The Wall Street gang is at it again! It’s been one year since Wall Street’s collapse and bailout took trillions from taxpayers and the sinking economy. The speculative instruments that pulled down the economy were those super-risky sub-prime mortgages, credit default swaps, collaterized debt obligations-you know-Las Vegas East, using other peoples’ savings. Read the rest of this entry »

Posted in Financial crisis | Tagged: , , , | 1 Comment »

London retail sales tumble to cast doubt on the sector’s recovery curve

Posted by smeddum on September 14, 2009

London retail sales tumble to cast doubt on the sector’s recovery curve
Debenhams, Next, French Connection, Kingfisher and Dunelm report this week

By James Thompson

Monday, 14 September 2009

Independent

London’s retailers will today create shockwaves by posting their worst monthly sales for four years, ahead of results this week from some of the UK’s biggest store groups that will provide a health check for the high street leading up to the critical Christmas trading period. Read the rest of this entry »

Posted in Financial crisis | Tagged: | Leave a Comment »