Best of the Week
DEFLATION is Winning! - Watch the Video its FREE
Most Popular of the Week
1.Cap and Trade Bill HR 2454 Will Lead to Capital Flight - Dr_Ron_Paul
2.Goldman Sachs The Fourth Branch of the U.S. Government- Graham_Summers
3.The Coming Economic Apocalypse- Roy_F_Grieder
4.The End of the Recession?- John_Mauldin
5.Bernanke is a Total Failure Unsuited for Role as Fed Chairman- Mike_Shedlock
6.Fed Market Manipulation, Surmounting The Main Threat To Profits And Protection -DeepCaster_LLC
7.China Mega-trend Stocks Stealth Bull Market Update, SSEC Up 47%- Nadeem_Walayat
Weeks Analysis
"Super Imperialism:" The Economic Strategy of Imperial America- 3rd July 09
The Smart Grid Will Offer Exceptional Investing Opportunities- 3rd July 09
Inflationary Crack-up Boom has Commenced in the G7 Economies!- 3rd July 09
Yen Carry Trade Suggests Global Stock Markets Base Building Underway- 3rd July 09
Silver Stocks and ETF - 3rd July 09
A Message for Armchair Economists- 3rd July 09
The Keynesian System, the Economics of Illusion- 3rd July 09
U.S. Housing Market Recovery Process Outlook- 3rd July 09
Japanese Yen: Resumption of the Bull Market ? - 3rd July 09
What’s Happening in Crude Oil?- 3rd July 09
Temporary Bounce in EUR/GBP Now Possible- 3rd July 09
Silver Response to Inflation and Deflation the United States - 3rd July 09
Economic Recovery Green Shoots Doused with Herbicide- 3rd July 09
U.S. Economy Economic Recovery Achilles Heel- 3rd July 09
U.S. Unemployment Soars Whilst Fed Funnels More Cash to the Banksters- 3rd July 09
Challenges and Enormous Opportunities in Alternative Energy- 3rd July 09
Listen to Citigroup Analysts at Your Own Peril- 3rd July 09
DEFLATION Video Antidote to the Mainstream Inflation Consensus- 3rd July 09
U.S. Economy Heading for Japan of the 1990's or Argentina 2002?- 2nd July 09
Profiting From Stock Market Sector Dead Cat Bounces- 2nd July 09
Basic Financial Markets Analysis Part2- 2nd July 09
U.S. Unemployment Rate Hits 9.5%, Jobs Contract 18th Straight Month- 2nd July 09
In the Future, Interest Rates Will Soar and Consumers Will be Sore Also- 2nd July 09
Preserve Your Wealth with Precious Metals- 2nd July 09
Understanding The Dangers of Leveraged ETFs- 2nd July 09
Stock Market Seasonality What is Going to Happen with the Upcoming July 4th Holiday?- 2nd July 09
China Wants New Global Currency Which is Positive for Gold- 2nd July 09
The DJIA Stock Market Index, Chess and the Idiotic Robots - 2nd July 09
Stock Market and Dollar Upward Wedge Patterns - Signs of the times- 2nd July 09
Stock Markets Jump Out Of The Gate Before Fading- 2nd July 09
Commodities Sector Timing Trading for Gold, Oil, Silver and Natural Gas - 2nd July 09
Asia-Pacific Economies Grow As Developed Economies Wither- 2nd July 09
Million Dollar Question, What's Next for S&P 500 Stock Market Index - 2nd July 09
Will China Lead the World Out of Recession?- 2nd July 09
Make Bernie Madoff the Next Fed Chairman- 2nd July 09
U.S. Treasury Bond Market Update- 2nd July 09
U.S. Housing Market Blast From the Past- 2nd July 09
U.S. Launches Offensive Operations in Cyberspace (CYBERCOM)- 1st July 09
Rising Financial Markets See Brighter Times- 1st July 09
The Magic of the Golden Cross-Over Signal in Gold, Silver and Huey- 1st July 09
Faber & Greenspan: Shills for Fed Snake Oil on Deflation and Hyperinflation- 1st July 09
Walls to Block U.S. Deflation- 1st July 09
Banks Squeeze Credit Card Account Holders- 1st July 09
Is George Soros Long or Wrong on the Global Economic Rebound?- 1st July 09
How to Profit From Japan's Stock Market Shareholder Crisis- 1st July 09
The Case for Economic Depression, Credit Destruction - 1st July 09
Warning of Severe Economic Collapse, Mainstream Media Sustainable Recovery Hype- 1st July 09
Great Banking Confusion - 1st July 09
Stock Market S&P 500 Index Trend Update for July 2009- 1st July 09
Stock Market Ends Second Quarter With a Whimper- 1st July 09
Investment Grade Bonds Return 9.2%, Junk Returns 29%- 1st July 09
The Great Bank Robbery: How the Federal Reserve is destroying Americ- 1st July 09
Is Inflation a Fact… Or Just An Opinion? Part1- 1st July 09
Is America Broke- 1st July 09
U.S. Housing Market Deteriorates as Foreclosures Soar- 1st July 09
Lawrence Roulston: Every Reason in the World to Believe Gold Will Go Higher- 1st July 09
Is the U.S. Fed Juicing the Stock Market?- 30th June 09
Gold Breakout Above $1,000 Only a Question of Time- 30th June 09
U.S. House Prices Have Bottomed - 30th June 09
How to Improve Your FICO Credit Rating Score- 30th June 09
The Case Against Hyper Inflation- 30th June 09
Which Tek Stock is a Better Investment, Apple vs. RIMM - 30th June 09
Obama: Wrong on the Economy, Wrong on Healthcare (Part 1)- 30th June 09
What Happened to the Stock Market New Goldilocks Era?- 30th June 09
Inflationary Pressures and the MAE Faber Investment Strategy- 30th June 09
Goldman Sachs The Fourth Branch of the U.S. Government- 30th June 09
OECD Joins the UK Double Dip Recession Forecast Club- 30th June 09
Summer Sun Shines on Rising UK House Prices in June- 30th June 09
The Real Crisis is Beginning to Unfold… and It’s Not Financial Part2- 30th June 09
A 20-Year Stocks Bear Market?- 30th June 09
Objective Analysis of the Increase in the Fed's Balance Sheet - 29th June 09
Green Shoots Recovery Forex Markets Fatigue & Intermarket Setup- 29th June 09
Government Regulations to Force Agricultural Food Prices Higher- 29th June 09
Power Shortage at the U.S. Fed?- 29th June 09
Crude Oil and Natural Gas Trading- 29th June 09
Stock Market Summer Crash Forecast- 29th June 09
This Summer May Prove Hot for Gold Prices Despite the Weak Seasonal Tendencies- 29th June 09
U.S. Jump in Savings Rates Means Debt Deflation in America- 29th June 09
CNBC Admits to Manipulated Market that Continues To Be Propped Up By Government Intervention - 29th June 09
Important Week Ahead For Economic Data- 29th June 09
Where to Find Jobs in a Jobless Economic Recovery- 29th June 09
Bernanke is a Total Failure Unsuited for Role as Fed Chairman- 29th June 09
Stock Index Trading Signals Update- 29th June 09
Public Sector Pensions Deficit of £1.2 trillion Adds to Britains Debt Crisis- 29th June 09
Energy Fields in Gold and How to Trade Them- 29th June 09
GLD, SLV, USO & UNG ETF Commodity Trading Update- 29th June 09
Manipulated Financial Markets and Mainstream Media- 28th June 09
Ben Bernanke on the Great Depression- 28th June 09
Honest Money Gold & Silver Report - Market Wrap W/E 26th July- 28th June 09
What PIMCO's Bill Gross Doesn’t Want You to Know (Part 2)- 28th June 09
The Coming Economic Apocalypse- 28th June 09
SHEPHERD’S of Financial Markets ILLUSION- 28th June 09
Global Stock Market Performance and P/E Ratio Valuations- 28th June 09
Global Business Sentiment Improves Inline with Stock Market Trends- 28th June 09
The Possibility of Credit Collapse Deflation - 28th June 09
The Inflation Deflation Debate and Myth of the Kondratieff Wave- 28th June 09
China Mega-trend Stocks Stealth Bull Market Update, SSEC Up 47%- 28th June 09
Embrace Deflation - It's The Cure, Not The Problem- 27th June 09
The Stock Markets Repeating Weekly Pattern- 27th June 09
Dow Jones INDU On-Balance-Volume Stock Market Sell Signal - 27th June 09
The End of the Recession?- 27th June 09
Has the Stock Market Peaked for 2009? - 27th June 09
Stock Market Trading Range Continues...Bullish Pattern Holds Potential- 27th June 09
What PIMCO's Bill Gross Doesn’t Want You to Know (Part 1) - 27th June 09
Why Higher Gold Prices Will Come- 27th June 09
A Case For U.S. Treasury Bonds!- 27th June 09
Fed Market Manipulation, Surmounting The Main Threat To Profits And Protection- 27th June 09
How the Media Uses Buffett to Make Money- 27th June 09

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Most Popular 2009
1. Depression 2009 The Largest Train Wreck in Economic History - Darryl_R_Schoon (41,747)
2.UK Housing Market Crash and Depression Forecast 2007 to 2012 - Nadeem_Walayat (34,233)
3. Emerging Giants Russia, China, Brazil and India Looming Collapse 2009 - Martin Weiss (29,977)
4. Baby Boomers- Your Generation's Crisis Has Arrived - James Quinn (26,442)
5. Ten Major Threats Facing the U.S. Dollar in 2009 - Eric_deCarbonnel (26,023)
6. Nouriel Roubini 2009 U.S. GDP Forecasting 40% Home Mortgage Failures? - Andrew_Butter (24,711)
7. Stock Market Crash 2009: Fine Tuning DJIA Target To 5,800 - Eric_Chevrette (23,492)
8. US, UK, Eurozone Banks Face Collapse: Global Banking System Insolvent - Mike_Shedlock (21,114)
9. UK CPI Inflation, RPI Deflation Forecast 2009 - Nadeem_Walayat (20,821)
10.Gold Price Forecast 2009 - Nadeem_Walayat (20,317)
11. Stock Market Crash Red Alert: Meltdown Imminent! - Martin Weiss (19,648)
12.Fed Manipulating Market Prices, Gold, Oil and Bonds - Rob_Kirby (19,219)
13. The Great Depression has Arrived- Collapsing American Dreams - David_Vaughn (19,054)
14. Stock Market to Fall AT LEAST Another 40%! - Martin Weiss (18,963)
15. Hyperinflation Begining in China and Will Destroy the U.S. Dollar - Eric_deCarbonnel (18,651)
Most Popular 2008
1. The Great Depression 2008 - It can't happen to us....can it?”
2. The Battle for America Has Begun- Strategic Forecasts
3. UK House Prices Plunge Over the Cliff
4. US Banking System Teetering on the Brink of Collapse
5. US Economy Forecast 2008 - First Recession then Recovery
6. How Safe is My FDIC-Insured Bank Account?
7. Rising Risk of a Systemic Financial Meltdown:The 12 Steps to Financial Disaster By Nouriel Roubini
Most Popular 2007
1. US Housing Market Crash to result in the Second Great Depression
2. Operation FALCON - The USA is turning into a Police State
3. UK Housing Market Crash of 2007 - 2008 and Steps to Protect Your Wealth
4. US Housing Bubble Meltdown: "Is it too late to get out"?
5. Global Liquidity Crisis when the Credit Boom comes to an End
Most Popular 2006
1. Last Warning! Three-Pronged Collapse ... Stocks, Bonds and Real Estate
2. UK Interest Rate forecast for 2007 - Bank of England to do battle with inflation
3. UK Interest Rates Forecast to rise much higher due to rising Inflation and high Money Supply Growth
4. Emerging Markets outlook for 2007 - India, China, Russia, Eastern Europe and Brazil

News Feeds
RSS Feeds
Links

Money Forums
Certz
TradingTheCharts
Housing Market Forecasts
Local Issues


Deflation IS WINNING - Are You?

Regime Change in Pakistan - Princess Bhutto's Return

Politics / Pakistan Nov 18, 2007 - 02:06 AM

By: Mike_Whitney

Politics Best Financial Markets Analysis ArticleIt doesn't take a genius to figure out why the crooked Princess Ferragamo--Benazir Bhutto—has returned to Pakistan . Bhutto's been traipsing all over Washington trying to garner support from think-tank heavies and establishment powerbrokers to help her stage a political come-back in Islamabad. She even hired a high-powered public relations firm to polish her image so the media wouldn't focus too much attention on her past transgressions. Allegations of money laundering and corruption have haunted Bhutto ever since she was driven from office in 1996. Last month, General Musharraf cut a deal with Bhutto which freed her from the prospect of criminal prosecution and allowed her to return home. The arrangement ignored the judicial system entirely. The $1.5 billion that she and her husband allegedly “received in a variety of criminal enterprises” has simply disappeared down the memory hole.


Another tidbit the media seems to breezily disregard is Bhutto's role in supporting Islamic extremism; the very dragon she is now expected to slay.  According to Wikipedia: “It was during Bhutto's rule that the Taliban took power in Kabul and gained prominence in Afghanistan . She viewed the Taliban as a group that could stabilize Afghanistan and enable trade across the Central Asia republics. Her government provided military and financial support for the Taliban, even sending a small unit of the Pakistani army into Afghanistan .”

But, then, anyone can make a mistake and Bhutto has since offered her sincere regrets and promised to rid Pakistan of the ‘scourge of terrorism'. This must be music to the ears of her new patrons in Washington .

It's astonishing how quickly one can "see the light" when their career depends on changing their point-of-view.

US historian, Arthur Herman, in a letter published in the Wall Street Journal, described Bhutto as “One of the most incompetent leaders in the history of South Asia;” adding that she and other Pakistani elites hated Musarraf because he is “muhajir”, born of Indian Muslims. Herman claims, “Although it was muhajirs who agitated for the creation of Pakistan in the first place, many native Pakistanis view them with contempt and treat them as third-class citizens.”

Herman makes an interesting point. Perhaps, Bhutto saw the footage of Hurricane Katrina--where the mostly poor, black Americans were herded cattle-like into the Superdome at gunpoint---and realized she could find common-ground with the Washington political class. After all, she matriculated at Harvard and Oxford , so we can expect that her views are not that different from other "bluebloods" who regularly defend discrimination, waterboarding, endless war and other shocking abuses on the op-ed pages of Americans leading newspapers. In any event, she was certainly persuasive when she addressed members of the Council on Foreign Relations (CFR) on Aug 15, 2007. She seemed to fit right in with the gathering of corporate chieftains, media bigwigs and other assorted political elites. There was plenty of back-slapping and jocularity as CFR President Richard Haass introduced his distinguished guest, Bhutto, to the assembled throng:

“It's hard to imagine someone better placed to speak about the current situation in Pakistan than Benazir Bhutto. She was born into one of Pakistan 's leading political families. She was educated at both Harvard and Oxford . And -- full confession -- let me say that she and I met some -- at the risk of being less than gallant -- 30 years ago or so at Oxford . We would have met even earlier than that, at Harvard, except she got accepted and I did not. (Laughter.) And of such things history is made. (Laughter.) I'm almost over it, by the way. (Laughter.)” http://www.cfr.org/publication/14041/

Ha, ha, ha. Allow me to extract this silver spoon from my mouth long enough to assure you that Madame Bhutto has an acceptable pedigree to oversee our colony in Pakistan and will execute our military plans to expand the war into the tribal areas of Waziristan spreading suffering and death to another corner of the world which hasn't yet been thoroughly obliterated by our ambition for global domination. Ha, ha ha.

Bhutto was asked directly about the so-called Miranshah agreement which Musharraf worked out so that he could withdrawal Pakistani troops from North Waziristan where his army was sustaining heavy losses. Musharraf had only won minor concessions from the tribal leaders who were supposed to limit their support for the Taliban. The treaty was a complete hoax designed to extricate Musharraf from an "unwinnable" war that was universally unpopular with Pakistanis. Unfortunately, the treaty turned out to be Musharraf's death sentence. When it became clear to Bush and his neocon colleagues that Musharraf would not carry out their war agenda; they began to sharpen their daggers and plan for his removal. That is why Bhutto was exhumed from her Dubai mausoleum long enough to play a part in this latest Bush comic operetta.  This has nothing to do with “democracy promotion”. It's just another grim chapter in the “color-coded revolution” digest. The whole performance is being staged courtesy of the US intelligence agencies and the compliant establishment media. Bush doesn't care about democracy any more than Bhutto. What he's looking for is someone who'll take on the Taliban in Waziristan . That's it. And that's why Musarraf's day's are numbered. 

Bhutto, addressing the CFR crowd:

“I rejected that ceasefire of September 2006 -- the peace treaty -- and we rejected the ceasefires before that. In fact, we were appalled that the tribal region of our country was handed over to foreigners, because Afghan Taliban, Afghans and al Qaeda are added to the Chechens and the Uzbeks. And this is Pakistani territory, and Pakistan has to protect its own territory.

So we've been absolutely appalled by that. And we think the first thing the government of Pakistan has to do is to take the territory back. We've ceded authority of our own territory, and it's not enough to satisfy the agenda of the Afghan Taliban or the Arab al Qaeda or the Central Asian Uzbek-Chechen. They're now knocking on the doors of our frontier province. “

So there it is---Bhutto's Faustian bargain in black and white---‘Get rid of Musharraf and I'll fight your bloody war.' What could be clearer?

Bhutto also promised her audience that she would promote democracy, but not democracy that creates a “Hamas-type solution.” Oh no; that would be carrying democracy too far. Besides, it is so upsetting to go through all the trouble of conducting “free elections”  when, right after, the errant voters have to be starved and randomly bombarded for choosing the wrong party. What Bhutto wants---and what the membership of the CFR wants---is managed elections that produce “real democracy”, the type that increases Washington 's power over its subjects.

An article in Counterpunch by Bhutto's niece, Fatima, summed up Bhutto's real feelings about democracy like this:

“Ms. Bhutto's political posturing is sheer pantomime. Her negotiations with the military and her unseemly willingness until just a few days ago to take part in Musharraf's regime have signaled once and for all to the growing legions of fundamentalists across South Asia that democracy is just a guise for dictatorship.” (Fatima Bhutto, “Aunt Benazir's False Promises”, counterpunch.org)

Indeed. Although, now, Bhutto has been given a media make-over and is being portrayed as a Pakistani Joan of Arc pumping her fist into the air defiantly and barking patriotic slogans into her bullhorn for her motley collection of devotees. Meanwhile, her arch-nemesis Musharraf has morphed into this month's Adolph Hitler; temporarily edging out Hugo Chavez, Vladimir Putin and Mahmoud Ahmadinejad. 

Over and over we hear the same worn mantra: Musharraf arrested the lawyers. Musharraf suspended the constitution. Musharraf declared martial law. Musharraf is a tyrant.

Of course, all of these are completely irrelevant. The only reason Musarraf has come under fire is because the Bush administration has decided that its time for regime change in Islamabad . Now, some critics are saying that Musharraf is worse than Saddam. That may be true. But it also proves our point.

Let's consider the effects of the Iraq war before evaluating the wisdom of regime change. If one likes the results, than they should support the policy. But they should also mull over the broader implications of their choice. By supporting regime change we are tacitly endorsing the Bush Doctrine and everything connected to it. We are endorsing the clandestine interventions which destabilized Lebanon , Georgia , Ukraine , Kyrgyzstan , Uzbekistan and Belarus . We are endorsing the coups d'etats in Haiti and Venezuela . We are endorsing the aggression against Afghanistan , Iraq and Somalia . We are endorsing the ethnic cleansing, the collective punishment, the killing of civilians, the cultural annihilation, Shock and Awe, Abu Ghraib, Guantanamo Bay , Falluja, and the utter destruction of Iraqi society. We are endorsing the claim that one nation has the right to unilaterally violate the national sovereignty of another country, without authorization from the United Nations, simply to advance its own geopolitical ambitions.

That's what regime change really means and after 7 years of unrelenting violence--one million dead Iraqi civilians, 4 million refugees, and entire region of the world in chaos—it is a wonder that any sane person can knowingly support this same bloody policy?

The media will undoubtedly continue this cruel farce. In fact, they are already ratcheting up the pressure by suggesting that the US must play a more active role in “protecting Pakistan 's nuclear arsenal” (No mention of yellowcake uranium, yet) Even NPR's so-called “liberal” commentator Daniel Schorr has lent his voice to the usual crowd of media alarmists:

In a recent commentary Schorr warned:

“The magnitude of the martial law crackdown suggests a deeper fear. Some analysts suspect that the fear is nuclear that Al Qaida terrorists may somehow gain access to Pakistan's nuclear arsenal and wage , what some have called, nuclear jihad; nuclear Holy War….Until recently the Pakistan nuclear arsenal has been considered safe…According to the Washington Post the US learned in 2001 that Pakistani scientists had shared secrets with Al Qaida… Officials have long believed that the likeliest source of a nuclear leak would be Pakistan . Those fears have come alive again.”

Good work, Dan, “nuclear jihad”; very clever. Now explain to me how the uncorroborated fear-mongering of NPR's “senior analyst” is any different from the incoherent ravings of David Horowitz?

They are identical. The media is, once again, creating the rationale for meddling in the domestic affairs of a sovereign foreign nation. We're being told that Pakistan is “too critical to America 's national security” for us to simply remain on the sidelines. We are being set up for another foreign policy fiasco.

When will we learn to stop butting into other people's business?

By Mike Whitney

Email: fergiewhitney@msn.com

Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.

Mike Whitney Archive


Comments


Post Comment (Moderated)




(Note: If on Submitting you are returned to the Main Index Page then due to caching your comment has not been accepted, Press refresh and try again)

Free Credit Crisis Survival Toolkit