Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Here’s Why You Must Protect Yourself Outside the Financial System… - 22nd Nov 19
The Promise of AI - 22nd Nov 19
The Financial Implications of Bitcoin Casinos in Japan - 22nd Nov 19
FOMC Minutes Reveal an Important Shift That’s Key for Gold, Too - 22nd Nov 19
Adaptive Predictive Modeling Suggests Stock Market Weakness Into 2020 - 22nd Nov 19
Why You Should “Follow the Money” on The Yellow (and Silver) Brick Road - 22nd Nov 19
This Invisible Tech Stock Threatens Amazon with 800,000+ Online Stores - 21st Nov 19
Crude Oil Price Begins To Move Lower - 21st Nov 19
Cracks Spread in the Precious Metals Bullion Banks’ Price Management System - 21st Nov 19
Why Record-High Stock Prices Mean You Should Buy More - 20th Nov 19
This Invisible Company Powers Almost the Entire Finance Industry - 20th Nov 19
Zig-Zagging Gold Is Not Necessarily Bearish Gold - 20th Nov 19
Legal Status of Cannabis Seeds in the UK - 20th Nov 19
The Next Gold Rush Could Be About To Happen Here - 20th Nov 19
China's Grand Plan to Take Over the World - 19th Nov 19
Interest Rates Heading Zero or Negative to Prop Up Debt Bubble - 19th Nov 19
Plethora of Potential Financial Crisis Triggers - 19th Nov 19
Trade News Still Relevant? - 19th Nov 19
Comments on Catena Media Q3 Report 2019 - 19th Nov 19
Venezuela’s Hyperinflation Drags On For A Near Record—36 Months - 18th Nov 19
Intellectual Property as the New Guild System - 18th Nov 19
Gold Mining Stocks Q3’ 2019 Fundamentals - 18th Nov 19
The Best Way To Play The Coming Gold Boom - 18th Nov 19
What ECB’s Tiering Means for Gold - 17th Nov 19
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets - 17th Nov 19
Dow Jones Stock Market Cycle Update and are we there yet? - 17th Nov 19
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19

Market Oracle FREE Newsletter

$4 Billion Golden Oppoerunity

Doug Casey, U.S. Can Never Win the “War on Terrorism”, Investment Implications

Politics / US Politics Mar 25, 2010 - 07:52 PM GMT

By: Casey_Research

Politics

Best Financial Markets Analysis ArticleAlmost exactly three years before the 9/11 attacks, Doug Casey had one of his famous Guru Moments, writing in the September 1998 edition of the International Speculator:


Terrorism is becoming a major force in the world, as evidenced by Clinton actually referring to the use of nuclear, biological, and chemical devices in the U.S. I've thought their use against U.S. targets was an inevitability for years. But with the U.S. government launching its own terror strikes against Third World targets, the inevitable is starting to look imminent. Let's put it this way: Living in Washington, New York or other population centers is not terribly prudent.

And again, the International Speculator that arrived in mailboxes mid-July, 2001 – rather good timing – had a feature article entitled "Waiting for World War III," which discussed, at great length, terrorism and Islam – and even mentioned Osama Bin Laden.

L: Tatich, we've touched on terrorism a number of times in our conversations, particularly when we discussed the military and in our conversation on the implications of the attack on the IRS building a few weeks ago. Let's stop beating around the bush and talk about terrorism.

Editor's Note: "Tatich" means "Big Chief" in the Mayan language.

Doug: Okay, but as with most areas where there's a lot of sloppy thinking, we should first start with a definition. If words are used too loosely, or inaccurately, then it's really impossible to know what is actually under discussion. "Terrorism" is a concept that everybody talks about, but almost nobody bothers to define. According to Webster's New World Dictionary, terrorism is "the use of force or threats to intimidate, especially as a political policy." This implies that all governments engage in terrorism daily against their own citizens – which is actually true, as anyone who's been audited by the IRS can tell you. A somewhat narrower definition of terrorism is: "an act of wholesale violence, for political ends, that deliberately targets civilians."

As we discussed in our conversation on the IRS attack and unintended consequences, the government's definition of terrorism is "the unlawful use of force or violence against persons or property, meant to intimidate or coerce a government or the civilian population as a means for achieving political or social goals."

L: What a great self-serving definition.

Doug: [Laughs] It really is funny. And more than a little Orwellian in the way the meaning is twisted. By the government's definition, it's perfectly all right to do these things – as long as it's legal.

L: Not even that – hence the dodge of sending prisoners accused of no crime in any court of law to Guantanamo, to get around the illegality of indefinite detention. The message is that terrorism, even torture – "waterboarding" – is just peachy, as long as it's the "authorities" doing it. Did you hear Karl Rove defending torture of the Guantanamo prisoners? He said he was proud of it, and that the intelligence gathered was invaluable. Apparently rights, and even right itself, is of no concern.

Doug: Last year, I debated Rove in New Orleans – you'd never know what a moral cripple he is from the pleasant and personable exterior. We should discuss the banality of evil at some point.

L: I heard that debate and was proud of you for telling him to his face that he ought to be ashamed for Guantanamo and other crimes committed by the administration he was part of. But back to terrorism. Given your definition of "an act of wholesale violence, for political ends, that deliberately targets civilians," why is this important to us in particular – other than as something to be avoided?

Doug: Because terrorism is the future of warfare. Far from going away, it's going to become the most common form of military conflict.

L: You don't think America can win the War on Terror?

Doug: [Sighs deeply] No. Not only is that impossible, the very idea is meaningless. Terrorism is not an enemy – it's a tactic. You can't have a war on terrorism any more than you can have a war on artillery barrages, cavalry charges – or a war on war, for that matter. The first step in winning a conflict is to identify the actual enemy. And the fools in DC can't even do that.

But before we look at the future, it's worth noting that terrorism has long been a favored tool of those in power, going all the way back to ancient times.

L: Sure. As with your IRS example; that's why they periodically crucify ordinary Joes – it keeps the rest in fear and hence quiescent. People don't pay taxes out of pure love for the homeland – it's plain terrorism that keeps them in line.

Doug: Of course. It's just not on the scale of Genghis Khan or Tamerlane, who used to stack skulls into pyramids. Or the Romans, who literally did crucify people to show what happens to those who go up against the state.

L: Agreed, but on a moral plane, it's equivalent; it's not about what's right, it's about enforcing submission.

Doug: Sure, you could say that "the state" is actually terrorism on a grand scale. It's bizarre how most people view the state as necessary or even benign. It may offend some of our readers who have been programmed into believing the military can do no wrong and that the U.S. always has God on its side, but logically, the bombings of Hamburg, Dresden, and Tokyo are prime examples of state-sponsored terrorism.

World War II, in effect, legitimized the concept of mass murder of civilians. As late as World War I, the concept of incinerating whole cities would have been totally beyond the pale; WWII turned the moral clock back to the Middle Ages, when the wholesale slaughter of civilians was considered acceptable.

I suspect the "Long 19th Century," from about 1776-1914, will be looked back on as a golden age, a peak of civilization, when the individual was ascendant, the state was under control, free-market capitalism was lauded, and progress seemed natural and inevitable. Technology has improved since then, but it's a mistake to conflate technological progress with moral progress.
[To read Doug’s assessment why the U.S. can never win the “War on Terrorism” and the investment implications, click here.]

© 2010 Copyright Casey Research - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules