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B4 the Bell Weakend Thread


Guest yobob1

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It is one huge 50 odd year old debt inflationary self delusional bubble that is reaching or has reached maximum potential...There is no escape from the blizzard of lies needed to sustain it...day in and day out.

 

the system has had many bubbles, this one is global and the largest one in the 311 year history of the system...

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Show Us the Proof

 

Published: June 19, 2004

 

 

Mr. Bush said the 9/11 panel had actually confirmed his contention that there were "ties" between Iraq and Al Qaeda. He said his administration had never connected Saddam Hussein to 9/11. Both statements are wrong.

 

Before the war, Mr. Bush spoke of far more than vague "ties" between Iraq and Al Qaeda. He said Iraq had provided Al Qaeda with weapons training, bomb-making expertise and a base in Iraq. On Feb. 8, 2003, Mr. Bush said that "an Al Qaeda operative was sent to Iraq several times in the late 1990's for help in acquiring poisons and gases." The 9/11 panel's report, as well as news articles, indicate that these things never happened.

 

Mr. Cheney said yesterday that the "evidence is overwhelming" of an Iraq-Qaeda axis and that there had been a "whole series of high-level contacts" between them. The 9/11 panel said a senior Iraqi intelligence officer made three visits to Sudan in the early 1990's, meeting with Osama bin Laden once in 1994. It said Osama bin Laden had asked for "space to establish training camps, as well as assistance in procuring weapons, but Iraq apparently never responded." The panel cited reports of further contacts after Osama bin Laden returned to Afghanistan in 1996, but said there was no working relationship. As far as the public record is concerned, then, Mr. Cheney's "longstanding ties" amount to one confirmed meeting, after which the Iraq government did not help Al Qaeda. By those standards, the United States has longstanding ties to North Korea.

 

Mr. Bush has also used a terrorist named Abu Musab al-Zarqawi as evidence of a link between Iraq and Al Qaeda. Mr. Bush used to refer to Mr. Zarqawi as a "senior Al Qaeda terrorist planner" who was in Baghdad working with the Iraqi government. But the director of central intelligence, George Tenet, told the Senate earlier this year that Mr. Zarqawi did not work with the Hussein regime, nor under the direction of Al Qaeda.

 

When it comes to 9/11, someone in the Bush administration has indeed drawn the connection to Iraq: the vice president. Mr. Cheney has repeatedly referred to reports that Mohamed Atta met in Prague in April 2001 with an Iraqi intelligence agent. He told Tim Russert of NBC on Dec. 9, 2001, that this report has "been pretty well confirmed." If so, no one seems to have informed the C.I.A., the Czech government or the 9/11 commission, which said it did not appear to be true. Yet Mr. Cheney cited it, again, on Thursday night on Crapvision.

 

http://www.nytimes.com/2004/06/19/opinion/...;partner=GOOGLE

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Russia Warned U.S. About Iraq, Putin Says

 

By Walter Pincus

Washington Post Staff Writer

Saturday, June 19, 2004; Page A11

 

 

Russian President Vladimir Putin said yesterday that his intelligence service had warned the Bush administration before the U.S. invasion of Iraq that Saddam Hussein's government was planning attacks against U.S. targets both inside and outside the country.

 

"After Sept. 11, 2001, and before the start of the military operation in Iraq, the Russian special services, the intelligence service, received information that officials from Saddam's regime were preparing terrorist attacks in the United States and outside it against the U.S. military and other interests," Putin said, according to RIA Novosti, the Russian news agency. "American President George Bush had an opportunity to personally thank the head of one of the Russian special services for this information, which he regarded as very important," the Russian president told an interviewer while in Astana, capital of Kazakhstan.

 

A senior U.S. intelligence official said yesterday that Russia has provided helpful information in the war on terrorism, but that he was "not aware of any specific threat information we were told" about Iraqi activities before the March 2003 invasion.

 

http://www.washingtonpost.com/wp-dyn/artic...-2004Jun18.html

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Story last updated at 7:11 a.m. Saturday, June 19, 2004

Bush, Putin have common enemy

 

 

Reuters news agency quoted a State Department official as saying, "Everybody's scratching their heads" about the Putin revelation. The AP reported a U.S. official confirming Mr. Putin's remarks while explaining that at the time the Russian reports did not add anything to what the United States already knew.

 

Mr. Putin also doubtless had an underlying motive in substantiating President Bush's contention that Saddam had links to terrorism. Mr. Putin insists that he is fighting terrorism in Chechnya. He wants Mr. Bush to back his policies toward Chechnya and cease U.S. criticism of heavy-handed Russian repression.

 

While Mr. Putin did not directly link Saddam to al-Qaida, his remarks tend to bolster President Bush's contention, reiterated on Thursday, that Saddam had "numerous contacts" with al-Qaida and that Iraqi agents met Osama bin Laden, in Sudan.

 

http://www.charleston.net/stories/061904/edi_19edit2.shtml

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CALLING CHENEY'S BLUFF:

 

 

Leaders of 9/11 Panel Ask Cheney for Reports

By PHILIP SHENON and RICHARD W. STEVENSON

 

Published: June 19, 2004

 

WASHINGTON, June 18 ? The leaders of the Sept. 11 commission called on Vice President Dick Cheney on Friday to turn over any intelligence reports that would support the White House's insistence that there was a close relationship between Saddam Hussein and Al Qaeda.

 

The commission's chairman, Thomas H. Kean, and its vice chairman, Lee H. Hamilton, said they wanted to see any additional information in the administration's possession after Mr. Cheney, in a television interview on Thursday, was asked whether he knew things about Iraq's links to terrorists that the commission did not know.

 

"It sounds like the White House has evidence that we didn't have," Mr. Hamilton said in an phone interview. "I would like to see the evidence that Mr. Cheney is talking about."

 

Mr. Kean, a former Republican governor of New Jersey, said in a phone interview that he was surprised by Mr. Cheney's comments and would be "very disappointed" if the White House had not shared intelligence information about Al Qaeda with the commission, especially about the purported meeting in Prague.

 

http://www.nytimes.com/2004/06/19/politics...adb753c04caee29

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I just don't get these guys. 10,000 job losses a month, sometimes 20, wages down 20%, sometimes 50, house prices bearing no rational relationship to annual income, and there is no bubble? if house prices represent 70% inflation, and wages decline 20%, then 80% of Americans should be renting. Anyone who bought a first home in the last three years is probably struggling and that struggle will get much worse.

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Bush told he is playing into Bin Laden's hands

 

Al-Qaida may 'reward' American president with strike aimed at keeping him in office, senior intelligence man says

 

Julian Borger in Washington

Saturday June 19, 2004

The Guardian

 

A senior US intelligence official is about to publish a bitter condemnation of America's counter-terrorism policy, arguing that the west is losing the war against al-Qaida and that an "avaricious, premeditated, unprovoked" war in Iraq has played into Osama bin Laden's hands.

 

Imperial Hubris: Why the West is Losing the War on Terror, due out next month, dismisses two of the most frequent boasts of the Bush administration: that Bin Laden and al-Qaida are "on the run" and that the Iraq invasion has made America safer.

 

Imperial Hubris is the latest in a relentless stream of books attacking the administration in election year. Most of the earlier ones, however, were written by embittered former officials. This one is unprecedented in being the work of a serving official with nearly 20 years experience in counter-terrorism who is still part of the intelligence establishment.

 

"I'm very sure they can't have a better administration for them than the one they have now," he said.

 

"One way to keep the Republicans in power is to mount an attack that would rally the country around the president."

 

The fact that he has been allowed to publish, albeit anonymously and without naming which agency he works for, may reflect the increasing frustration of senior intelligence officials at the course the administration has taken.

 

http://www.guardian.co.uk/alqaida/story/0,...1242638,00.html

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Guest yobob1
John Mauldin can't find a housing bubble.

 

Please Give Me a Housing Bubble

I sometimes wonder if Maudlin can find his butt with both hands. I find him so centric as to be almost useless. If there's a nearby consensus he will gravitate towards it. My guess is he will join the vast majority in becoming road kill.

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CNN- is running a feature story on the collision course between China and Taiwan. I suggest everyone read it. Shrub in his usual fashion is once again pouring Gasoline on smoldering embers. Taiwan is about to order $18.2 Billion worth of U.S. Weapons which China does not take kindly to. The World community for many years has recognized a one-China policy which has placated China enough to allow the continued existence of Taiwan. As the article points out China is enraged at the Arms sale by the U.S. and by the threats by the Taiwanese President to target Chinese Cities and the 3 Gorges Dam in the event of War between the two. The conflict the World has worked hard at avoiding is now once again on the front burner as China moves to a war footing. They (China) feel the impending Arms sale is the FINAL straw! This move by the U.S. and Taiwanese Governments is beyond stupid, as provocation goes it's a poke in the eye with a sharp stick! ;)

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CNN- is running a feature story on the collision course between China and Taiwan. I suggest everyone read it. Shrub in his usual fashion is once again pouring Gasoline on smoldering embers. Taiwan is about to order $18.2 Billion worth of U.S. Weapons which China does not take kindly to. The World community for many years has recognized a one-China policy which has placated China enough to allow the continued existence of Taiwan. As the article points out China is enraged at the Arms sale by the U.S. and by the threats by the Taiwanese President to target Chinese Cities and the 3 Gorges Dam in the event of War between the two. The conflict the World has worked hard at avoiding is now once again on the front burner as China moves to a war footing. They (China) feel the impending Arms sale is the FINAL straw! This move by the U.S. and Taiwanese Governments is beyond stupid, as provocation goes it's a poke in the eye with a sharp stick! ;)

Good thing we have the entire wingohockingmoyamensinging Navy at sea to enforce the administration's agenda, eh, Bri?

 

What a mess.

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John Mauldin can't find a housing bubble.

 

Please Give Me a Housing Bubble

Mauldin:

 

"What have we learned so far? Parts of the housing equation are the desirability of your local market, the length of time you intend to live in your home and your own ability to stay the course, local economic conditions and your own psychology."

 

=====================

 

Colonel:

 

The conclusions in this piece struck me as analgous to the stock market. Some folks see only upside opportunity, reinforced by the fact that no decline in the indexes lasts long. It does not appear to concern them that they are buying disguised lotto tickets in the hope that they'll sell later for more than they paid. This concept has been validated for some time now; also during that time anyone who owned real estate (outside of Texas, apparently) saw appreciation which easily beat the government-stated inflation rate.

 

As long as one gets in near the ground floor of either the real estate or stock market ponzi scheme, it's all good. I've experienced no small amount of "shock and awe" at how fundamental and technical analysis are virtually worthless in these times. It's tough to see all this smoke and mirrors for what it is and watch the market giraffes appear out of nowhere.

 

I've recently been applying the "trade like a crook" principles and fading my own conclusions about value or logic as it applies to the market: just follow the bouncing ball as the matrix spins it.

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Yes Plunge a Hell of a mess it is. The New York Times in todays editorial goes after Shrub and Cheney with a ferocity we haven't seen before-the word Liars comes up a lot- it's a must read-(registration is required-but it's free) ;)

One outside adviser to the White House said the administration expected the debate over Iraq's ties to Al Qaeda to be "a regular feature" of the presidential campaign.

 

"They feel it's important to their long-term credibility on the issue of the decision to go to war," the adviser said. "It's important because it's part of the overall view that Iraq is part of the war on terror. If you discount the relationship between Iraq and Al Qaeda, then you discount the proposition that it's part of the war on terror. If it's not part of the war on terror, then what is it ? some cockeyed adventure on the part of George W. Bush?"

 

http://www.nytimes.com/2004/06/19/politics...ml?pagewanted=2

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