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Member since: Wed May 5, 2004, 09:44 AM
Number of posts: 36,418

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Damn auto correct. NSA it is.

The first thing people in government and law firms learn is that email is both insecure to hackers and that many commercial email companies retain a copy. If the company doesn't have a copy on it's server, the NSA does. In the event of a law suit, email is subject to discovery.

That's why Hillary and Petraeus' use of commercial accounts is so surprising.

Peace comes to Syria - validates Gen. Petraeus and Sec. Clinton's policy.

Thank you General and Madam Secretary for championing the humanitarian solution, and supporting our moderate friends in the region. Re:
US Backed Syrian Rebel Group Dissolves, Merges With Islamist After Losses. AP 03/01/15. One of the main western-backed rebel groups announced on Sunday that it had dissolved itself and joined a larger Islamist alliance, weeks into a battle which saw it lose ground and men to more powerful al Qaeda insurgents. The statement posted online said its fighters would join the Shamiyah Front, an alliance of Islamist brigades in Aleppo, to prevent further bloodshed. http://www.ynetnews.com/articles/0,7340,L-4632188,00.html

This is what they do. They enjoy it. A gov't shutdown is like an erection lasting more than 4 hours

Most GOP loyalists vote against their own interests.

The whole Party is a form of group mutual-abuse.

You know you want to run over some liberal in a smaller, imported fuel-efficient vehicle.

You know you want a tank. Make your next act of road rage one to remember.

The Roman Empire left behind lovely beachfront ruins in Libya. So did we.

Similar to massacres of small farmers by Cattlemen Assoc. in Wyoming, as told in Heaven's Gate

Across America during the late 19th and early 20 centuries, wealthy industrialists, planters and stockmen had similar ideas that they could simply do what they wanted with land and factories they controlled. Until the FDR Administration, they often killed or drove off anyone who dared stand up to them. This was the general practice in rural areas and places where captive political machines controlled local government. The rich were particularly violent with union organizers, recent immigrants, Indians, Mexicans and Black people.

Rarely did the federal government, the courts, or the local police stand in the way of large landowners and factory owners. Governors and State authorities, who had control over militias, were almost always in their back pockets. Those who stood their ground in the face of force were vilified as radicals and criminals, and systematically assassinated by death squads. Uprisings in Johnson Co., Wyoming were put down like those in the Philippines at the time, a model for counterinsurgency doctrine that was carried out in El Salvador during the Reagan Administration. Violent suppression of poor populations, and the use of terrorism and arbitrary police killings, is a largely untold history of America. We still see traces of this in places like Ferguson, MO.

By the way, Heaven's Gate was a modern masterpiece, albeit overly long and badly reedited. Cimino's film was a loose retelling of events in the 1890s in Johnson Co., Wyoming, where the poor actually fought back. It's commercial failure was largely due to hostility by a conservative press against its message of organized armed resistance to exploitation and murder in America.

As UN Security Council Mulls ISIS Oil Sanctions, Most Funds Still Flow from Saudi and Gulf Donors

Proposed UN Sanctions Do Not Go To Most ISIS Funding from Wealthy Donors

There is broad agreement that "substantial" funds are still reaching ISIS from wealthy elites in Saudi Arabia, Qatar and other Gulf states. As the Pentagon announced yesterday, oil exports now do not account for most of ISIS finances. ISIS is instead depending on donations, “a lot of donations,” according to Rear Admiral John Kirby, spokesman for the Joint Chiefs of Staff.

Further sanctions do not threaten the primary source of finance for the so-called Islamic State (IS), reported to be in excess of $2 billion last year. On Thursday, a UN measure was proposed by Russia that would sanction the trade in oil and stolen antiquities that partially funds ISIS funders. However, according to the NYT, it does not add to the existing list of individuals named for sanctions. http://www.nytimes.com/2015/02/07/world/middleeast/un-prepares-resolution-to-confront-islamic-state-on-oil-and-antiquities.html?_r=0

This spares the US and NATO the difficult task of having to immediately punish most of the same Sunni states with which it has been previously cooperating in prosecuting the war in Syria. The measure discussed on Friday would, however, specifically sanction parties engaged in smuggling oil from ISIS controlled areas, paying ransom, and the sale of stolen antiquities, the latter valued at $35 million last year.

Nobody seems to want to put a finger on exactly how much cash is still flowing to ISIS from wealthy ISIS funders, and who exactly they are. But, everyone agrees that support from the Saudis and Gulf elites continues to be substantial. See, http://www.nbcnews.com/storyline/isis-terror/whos-funding-isis-wealthy-gulf-angel-investors-officials-say-n208006

In 2014, Saudi Arabia publicly agreed to clamp down on some donations from its citizens and religious foundations. As a result, most private funding now goes through Qatar. The UN Security Council Resolution 2170 passed last August 15 named only six individual ISIS leaders for direct sanctions. The new measure does not expand that list, but calls for a committee to nominate others for violation of existing UN resolutions.

The effects of the additional sanctions on oil exports proposed would have its primary impact on crude oil smuggling in and out of Turkey. The majority of ISIS oil revenues are derived through the black market in that country. Last June, at its height, a Turkish opposition MP and other sources estimated the annual oil revenues at $800 million. http://thehill.com/policy/energy-environment/221272-report-isis-oil-production-worth-800m-per-year

If accurate, oil sales was about 40% of the total ISIS operating budget as stated by the group. However, even at its height, petroleum accounted for only a fraction of ISIS funding. Some western estimates placed the IS annual total budget as high as $3 billion. See, http://thehill.com/policy/defense/228465-isis-puts-payments-to-poor-disabled-in-2-billion-budget; http://www.ibtimes.co.uk/isis-news-caliphate-unveils-first-annual-budget-2bn-250m-surplus-war-chest-1481931

The $800 million figure is actually at the top end of the estimates. US sources quoted by CNN last October stated that ISIS oil income was more likely half that figure: http://www.cnn.com/2014/10/06/world/meast/isis-funding/

The U.S. Treasury Department does not have hard figures that it can make public on the group's wealth but says it believes ISIS takes in millions of dollars a month.

Sources familiar with the subject say that ISIS' "burn' rate" -- how much the group spends -- is huge, including salaries, weapons and other expenses. For ISIS' oil sales, sources told CNN, the group probably makes between $1 million and $2 million per day, but probably on the lower end.

Along with everyone else, the returns on ISIS oil are probably a fraction of what they were at the height of world oil prices a year ago. Plus, the US and allies are bombing the group's oil platforms and vehicles. That has cut production and export to the point where US commanders now acknowledged that oil sales aren't the source of most ISIS funds, and that they are coming from donations, "a lot of donations":

The Islamic State of Iraq and Syria (ISIS) is no longer relying on oil as its main source of revenue to fund its terrorist activity, according to the Pentagon.

“We know that oil revenue is no longer the lead source of their income in dollars,” Pentagon spokesperson Rear Admiral John Kirby told reporters during a press briefing on Tuesday.

ISIS’ loss of income is compounded by its losses on the battlefield as the group has “lost literally hundreds and hundreds of vehicles that they can’t replace,” Kirby said.

“They’ve got to steal whatever they want to get, and there’s a finite number.”

ISIS is instead depending on “a lot of donations” as one of the main sources of income. “They also have a significant black market program going on,” Kirby said.

That leaves a big hole in the Caliphate's budget - that gets filled by someone.

Imposition of expanded UN sanctions would entail difficulties and costs for the US, particularly with Saudi Arabia. Therefore, it should not come as a surprise that the Security Counsel measure is limited, and does not yet show if the world is truly serious about eradicating ISIS.

Quantitative Easing (QE) is the Monetarist alternative to just printing money.

In the 20th Century, central banks used to stimulate the economy during recessions by inflating the money supply with extra currency. That put more dollars into circulation, which stimulated consumption. However, that approach risked devaluation of the currency and hyper-inflation.

Today, instead, the Fed lowers interest rates to a point where it is actually cheaper (and more profitable) for the commercial banks to borrow money than to hold onto other assets. The banks use those assets (corporate bonds, securitized mortgages and loans) as collateral to borrow dollars or buy government bonds (which can be swapped for cash on the multi-trillion Dollar Repo market).

QE is a variation on the strategy of zero or negative real interest rate financial stimulus applied in Japan after the collapse of its commercial real estate bubble in 1991 that has allowed the Japanese economy to keep limping along on export earnings despite the loss in domestic speculative market values.

Because the system operates by keeping interest rates (the cost of borrowing) lower than inflation, the Fed's key policy is always to keep consumer demand depressed below the bank's demand for money. "Too much" consumer spending can lead to demand inflation, which would reduce the profit margin for the banks (if interest rates are kept low). Therefore, we see that the Fed's actual policy is austerity for consumers to depress demand at the bottom in order to sustain profitability at the top - the result is the jobless recovery and declining purchasing power for the middle-class, meanwhile the financial markets and bank sector profits reach record highs, all of which are quite intentional outcomes of QE programs.

No deal. The GOP will simply have to cave on this one or risk the wrath of Wall St with default

And, they won't do that.

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