Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Osama bin Laden’s Second Death

Politics / US Politics May 02, 2011 - 05:37 AM GMT

By: Paul_Craig_Roberts

Politics

If today were April 1 and not May 2, we could dismiss as an April fool’s joke this morning’s headline that Osama bin Laden was killed in a firefight in Pakistan and quickly buried at sea.  As it is, we must take it as more evidence that the US government has unlimited belief in the gullibility of Americans.


Think about it.  What are the chances that a person allegedly suffering from kidney disease and requiring dialysis and, in addition, afflicted with diabetes and low blood pressure, survived in mountain hideaways for a decade?  If bin Laden was able to acquire dialysis equipment and medical care that his condition required, would not the shipment of dialysis equipment point to his location? Why did it take ten years to find him?

Consider also the claims, repeated by a triumphalist US media celebrating bin Laden’s death, that “bin Laden used his millions to bankroll terrorist training camps in Sudan, the Philippines, and Afghanistan, sending ‘holy warriors’ to foment revolution and fight with fundamentalist Muslim forces across North Africa, in Chechnya, Tajikistan and Bosnia.”  That’s a lot of activity for mere millions to bankroll (perhaps the US should have put him in charge of the Pentagon), but the main question is: how was bin Laden able to move his money about?  What banking system was helping him?  The US government succeeds in seizing the assets of people and of entire countries, Libya being the most recent.  Why not bin Laden’s?  Was he carrying around with him $100 million dollars in gold coins and sending emissaries to distribute payments to his far-flung operations?

This morning’s headline has the odor of a staged event.  The smell reeks from the triumphalist news reports loaded with exaggerations, from celebrants waving flags and chanting “USA USA.”  Could something else be going on?

No doubt President Obama is in desperate need of a victory.  He committed the fool’s error or restarting the war in Afghanistan, and now after a decade of fighting the US faces stalemate, if not defeat.  The wars of the Bush/Obama regimes have bankrupted the US, leaving huge deficits and a declining dollar in their wake.  And re-election time is approaching. 

The various lies and deceptions, such as “weapons of mass destruction,” of the last several administrations had terrible consequences for the US and the world.  But not all deceptions are the same.  Remember, the entire reason for invading Afghanistan in the first place was to get bin Laden.  Now that President Obama has declared bin Laden to have been shot in the head by US special forces operating in an independent country and buried at sea, there is no reason for continuing the war.

Perhaps the precipitous decline in the US dollar in foreign exchange markets has forced some real budget reductions, which can only come from stopping the open-ended wars. Until the decline of the dollar reached the breaking point, Osama bin Laden, who many experts believe to have been dead for years, was a useful bogyman to use to feed the profits of the US military/security complex.

Paul Craig Roberts [ email him ] was Assistant Secretary of the Treasury during President Reagan's first term.  He was Associate Editor of the Wall Street Journal .  He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider's Account of Policymaking in Washington ; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy , and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice . Click here for Peter Brimelow's Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.

© 2011 Copyright Paul Craig Roberts - 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.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

mike
02 May 11, 16:02
osama died in december 2001

found it interesting that fox news reported osama died in december 2001. link here to fox news website http://www.foxnews.com/story/0,2933,41576,00.html


sistertongue
03 May 11, 09:54
Osama

Osama's death in 2001 has been fairly widely known in alternative press for a number of years. "Al Quaeda" has also been widely known to be just an idea for years, designed to pump up fears of "terrorism." Any thoughtful, intelligent american (and there seems to be a growing dearth of those) can see right through this ridiculous currently staged "event" of his death as another ruse to herd sheoples along to their pens. Wake up folks.


Post Comment

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